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C

Change Holdings 3962.T · JPY

Information Technology · Tokyo Stock Exchange · 🇯🇵 Japan

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904

+3.08%

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

¥46.39bn

FY2016FY2025

Net income

¥7.53bn

FY2016FY2025

Free cash flow

¥3.53bn

FY2016FY2025

Shareholders' equity

¥41.25bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue¥46.39bn¥37.02bn¥20.02bn¥10.14bn¥15.65bn¥10.54bn¥5.99bn¥2.60bn¥1.98bn¥1.55bn
Operating income¥12.67bn¥11.04bn¥5.56bn¥4.64bn¥6.05bn¥4.20bn¥1.01bn¥513.5m¥331.3m¥186.7m
Net income¥7.53bn¥4.33bn¥3.86bn¥3.09bn¥4.10bn¥2.05bn¥476.6m¥343.7m¥229.9m¥118.5m
Diluted earnings per share107.4958.7952.4042.0458.7831.6415.815.953.982.28

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets¥104.79bn¥89.33bn¥52.94bn¥42.73bn¥39.39bn¥17.09bn¥11.44bn¥2.27bn¥1.43bn¥1.24bn
Cash and short-term investments¥30.66bn¥38.44bn¥25.10bn¥31.79bn¥29.29bn¥8.17bn¥3.95bn¥1.56bn¥978.3m¥751.6m
Total liabilities¥63.54bn¥49.77bn¥16.47bn¥9.25bn¥8.93bn¥9.13bn¥5.59bn¥612.9m¥340.9m¥393.0m
Debt¥34.47bn¥24.02bn¥3.41bn¥1.68bn¥1.78bn¥2.71bn¥3.20bn¥146.8m¥80.2m¥78.6m
Shareholders' equity¥41.25bn¥39.55bn¥36.48bn¥33.48bn¥30.45bn¥7.96bn¥5.85bn¥1.66bn¥1.09bn¥850.0m
Shares outstanding70m74m74m74m70m65m30m58m58m52m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations¥4.54bn¥11.30bn−¥1.14bn¥3.74bn¥3.80bn¥4.63bn¥138.7m¥245.6m¥326.6m¥56.7m
Capital spending−¥1.01bn−¥2.22bn−¥3.19bn−¥723.0m−¥585.0m−¥281.3m−¥232.2m−¥29.2m−¥53.0m−¥4.7m
Free cash flow¥3.53bn¥9.07bn−¥4.33bn¥3.02bn¥3.22bn¥4.35bn−¥93.5m¥216.4m¥273.6m¥52.0m
Dividends paid−¥1.35bn−¥722.0m−¥324.0m———————

Latest quarters

By quarter end

Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024Jun 2024Mar 2024
Revenue¥19.26bn¥12.36bn¥9.91bn¥11.45bn¥18.43bn¥8.37bn¥8.14bn¥8.22bn
Operating income¥8.06bn¥1.79bn¥697.0m¥1.28bn¥9.21bn¥1.36bn¥880.0m¥664.0m
Net income¥5.32bn¥1.09bn¥469.0m−¥728.0m¥6.16bn¥672.0m¥1.43bn−¥2.66bn
Diluted earnings per share76.4715.696.74-10.4688.489.6120.03-36.72
Total assets¥126.35bn¥120.65bn¥100.12bn¥104.79bn¥144.88bn¥83.80bn¥75.95bn¥89.33bn
Cash and short-term investments¥26.08bn¥25.87bn¥28.35bn¥30.66bn¥30.84bn¥25.90bn¥27.77bn¥38.44bn
Debt¥23.67bn¥25.06bn¥26.31bn¥27.75bn¥18.69bn¥19.26bn¥18.83bn¥19.73bn
Shareholders' equity¥47.25bn¥42.07bn¥41.04bn¥41.25bn¥41.98bn¥35.82bn¥36.29bn¥39.55bn

Growth per year

Compound annual rate

3 years5 years10 years
Revenue66.0%34.5%41.9%
Operating income39.8%24.7%57.5%
Net income34.5%29.7%57.0%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin28.4%29.9%31.6%30.2%
Net margin14.2%16.6%17.9%17.1%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings9.220.327.151.832.3111.446.0162.9116.3113.7
Price to sales1.52.45.215.88.521.73.721.513.58.7

Dividends and splits

Per share, in the currency the company pays

Paid for 4 years. Last went ex-dividend on 30 Mar 2026.

FY2026FY2025FY2024FY2023
Paid in the year43.9012.007.004.50
  • 2-for-1 split · 29 Dec 2020
  • 2-for-1 split · 28 Aug 2020
  • 2-for-1 split · 26 Dec 2018
  • 2-for-1 split · 27 Jun 2018

Sources and methodology

Data on this tab
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Chart on the Overview
TradingView

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