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Kayac 3904.T · JPY

Communication Services · Tokyo Stock Exchange · 🇯🇵 Japan

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385

+2.94%

Close of 9 Nov 2026, in JPY

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in JPY, from our data supplier.

FY2025

Revenue

¥20.09bn

FY2016FY2025

Net income

¥683.9m

FY2016FY2025

Free cash flow

¥511.5m

FY2016FY2025

Shareholders' equity

¥5.80bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue¥20.09bn¥16.73bn¥17.47bn¥16.50bn¥12.57bn¥8.75bn¥6.38bn¥5.82bn¥6.09bn¥5.50bn
Gross profit¥10.91bn¥9.03bn¥9.23bn¥7.92bn¥5.93bn¥3.96bn¥1.30bn¥1.32bn¥2.28bn¥2.36bn
Operating income¥1.07bn¥358.0m¥1.02bn¥1.21bn¥1.14bn¥744.6m−¥535.4m−¥391.5m¥675.4m¥643.1m
Net income¥683.9m¥149.1m¥511.2m¥779.8m¥828.8m¥505.2m−¥305.0m−¥253.8m¥507.5m¥477.4m
Diluted earnings per share45.759.2531.6047.267.7032.79-20.12-16.7832.9531.01

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets¥13.56bn¥12.88bn¥11.68bn¥10.98bn¥7.84bn¥7.02bn¥5.72bn¥5.32bn¥5.15bn¥4.54bn
Cash and short-term investments¥5.66bn¥4.96bn¥5.00bn¥4.26bn¥2.46bn¥2.51bn¥1.26bn¥973.0m¥1.70bn¥2.19bn
Total liabilities¥7.26bn¥6.85bn¥5.75bn¥5.64bn¥4.25bn¥4.39bn¥3.66bn¥2.84bn¥2.26bn¥2.35bn
Debt¥3.23bn¥3.27bn¥2.12bn¥2.34bn¥2.30bn¥2.78bn¥2.62bn¥1.96bn¥1.29bn¥1.40bn
Shareholders' equity¥5.80bn¥5.56bn¥5.46bn¥4.86bn¥3.31bn¥2.48bn¥2.03bn¥2.44bn¥2.84bn¥2.19bn
Shares outstanding15m16m16m17m108m15m15m15m15m15m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations¥1.04bn−¥219.7m¥1.12bn¥1.77bn¥489.7m¥1.30bn−¥446.0m−¥440.3m¥275.6m¥570.5m
Capital spending−¥524.9m−¥164.3m−¥145.6m−¥344.1m−¥137.6m−¥86.9m−¥255.3m−¥671.4m−¥475.2m−¥589.3m
Free cash flow¥511.5m−¥383.9m¥977.5m¥1.42bn¥352.1m¥1.21bn−¥701.3m−¥1.11bn−¥199.5m−¥18.9m
Dividends paid−¥63.2m−¥63.4m−¥62.0m−¥59.1m−¥58.6m−¥47,000−¥30.1m−¥58.4m−¥58.0m−¥1.30bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue¥5.01bn¥5.20bn¥5.87bn¥5.40bn¥4.16bn¥4.67bn¥4.76bn¥4.27bn
Gross profit¥2.78bn¥2.63bn¥3.00bn¥2.94bn¥2.34bn¥2.63bn¥2.61bn¥2.35bn
Operating income¥68.9m¥340.8m¥366.2m¥413.7m¥41.7m¥249.6m¥156.0m¥151.1m
Net income¥23.4m¥185.2m¥36.9m¥294.9m−¥61.0m¥413.1m¥136.4m−¥11.4m
Diluted earnings per share1.5212.022.4719.73-4.0827.638.47-0.71
Total assets¥13.56bn¥13.25bn¥13.56bn¥14.08bn¥12.60bn¥12.59bn¥12.88bn¥11.41bn
Cash and short-term investments¥6.58bn¥6.11bn¥5.66bn¥6.27bn¥6.05bn¥5.51bn¥4.96bn¥4.41bn
Debt¥3.03bn¥1.39bn¥3.23bn¥1.44bn¥3.06bn¥1.30bn¥1.28bn¥1.12bn
Shareholders' equity¥5.93bn¥5.92bn¥5.80bn¥6.15bn¥5.84bn¥5.90bn¥5.56bn¥5.44bn

Financial ratios

Data as of 8 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin54.3%54.0%52.8%48.0%47.2%45.2%
Operating margin5.3%2.1%5.9%7.3%9.1%8.5%
Net margin3.4%0.9%2.9%4.7%6.6%5.8%
Return on equity11.8%2.7%9.4%16.0%25.0%20.4%
Return on assets5.0%1.2%4.4%7.1%10.6%7.2%
Free cash flow yield24.5%-0.8%18.4%30.0%1.4%21.0%
Revenue growth20.1%-4.2%5.8%31.3%43.6%37.1%
Earnings growth358.8%-70.8%-34.5%-5.9%64.1%-265.7%
Current ratio1.86x1.88x1.91x1.78x1.84x1.65x
Debt to equity0.56x0.59x0.39x0.48x0.69x1.12x
Equity ratio42.8%43.2%46.7%44.3%42.2%35.3%
Interest coverage39.79x25.57x138.83x156.04x138.88x113.06x
Buybacks as a share of market value7.2%0.4%2.0%84.7%-598.4%-1.7%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue6.8%18.1%18.4%
Operating income-3.9%7.5%10.6%
Net income-4.3%6.2%10.1%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin54.2%52.4%51.0%46.5%
Operating margin3.9%5.2%6.0%5.3%
Net margin2.3%3.0%3.8%3.5%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings11.049.121.718.387.125.6-29.9-37.842.533.9
Price to sales0.40.40.60.95.81.51.41.63.52.9

Dividends and splits

Per share, in the currency the company pays

Paid for 6 years. Last went ex-dividend on 29 Dec 2025.

FY2025FY2024FY2023FY2022FY2021FY2019FY2018
Paid in the year7.803.903.903.903.902.003.90
  • 2-for-1 split · 28 Jun 2016

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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