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Starts Publishing 7849.T · JPY

Communication Services · Tokyo Stock Exchange · 🇯🇵 Japan

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2,905

+0.83%

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

¥8.14bn

FY2016FY2025

Net income

¥1.38bn

FY2016FY2025

Free cash flow

¥791.6m

FY2016FY2025

Shareholders' equity

¥10.77bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue¥8.14bn¥8.58bn¥8.34bn¥7.02bn¥5.52bn¥4.43bn¥4.94bn¥4.65bn¥4.35bn¥3.93bn
Gross profit¥4.18bn¥4.74bn¥4.55bn¥3.59bn¥2.59bn¥1.65bn¥2.16bn¥1.60bn¥1.54bn¥1.34bn
Operating income¥1.76bn¥2.34bn¥2.27bn¥1.59bn¥816.0m¥170.0m¥575.1m¥504.9m¥355.2m¥346.1m
Net income¥1.38bn¥1.83bn¥1.78bn¥1.17bn¥566.5m¥173.4m¥415.0m¥377.2m¥271.6m¥226.2m
Diluted earnings per share358.66475.57463.05304.07147.5345.17108.0998.2370.7458.91

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets¥12.90bn¥12.34bn¥10.59bn¥8.83bn¥6.84bn¥5.82bn¥5.76bn¥5.41bn¥4.95bn¥4.53bn
Cash and short-term investments¥7.07bn¥7.72bn¥6.34bn¥4.85bn¥3.79bn¥2.70bn¥2.80bn¥2.45bn¥2.05bn¥1.29bn
Total liabilities¥2.13bn¥2.58bn¥2.42bn¥2.44bn¥1.56bn¥987.9m¥1.05bn¥1.12bn¥887.1m¥837.9m
Shareholders' equity¥10.77bn¥9.77bn¥8.17bn¥6.39bn¥5.28bn¥4.83bn¥4.71bn¥4.29bn¥4.07bn¥3.69bn
Shares outstanding4m4m4m4m4m4m4m4m4m4m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations¥798.8m¥1.69bn¥1.70bn¥1.25bn¥1.21bn¥61.8m¥501.2m¥533.4m¥289.9m¥300.1m
Capital spending−¥7.2m−¥53.9m−¥69.5m−¥94.9m−¥46.1m−¥97.5m−¥74.6m−¥73.3m−¥264.6m−¥196.7m
Free cash flow¥791.6m¥1.63bn¥1.63bn¥1.15bn¥1.17bn−¥35.7m¥426.6m¥460.1m¥25.4m¥103.4m
Dividends paid−¥459.2m−¥344.0m−¥115.6m−¥76.7m−¥67.1m−¥67.3m−¥67.1m−¥57.7m−¥57.7m−¥58.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue¥1.87bn¥2.00bn¥2.47bn¥1.90bn¥1.83bn¥1.94bn¥2.28bn¥2.02bn
Gross profit¥843.3m¥976.1m¥1.32bn¥961.9m¥888.0m¥1.01bn¥1.32bn¥1.05bn
Operating income¥199.6m¥301.7m¥634.3m¥373.5m¥308.0m¥441.0m¥679.0m¥483.0m
Net income¥216.3m¥229.3m¥458.1m¥263.6m¥306.0m¥349.0m¥530.0m¥334.0m
Diluted earnings per share56.8960.30119.2868.6579.6990.89138.0486.99
Cash from operations¥608.0m¥357.0m¥81.0m−¥173.0m¥557.0m¥334.0m¥404.0m¥331.0m
Capital spending——−¥1.0m−¥2.0m−¥3.0m−¥1.0m−¥1.0m—
Free cash flow——¥80.0m−¥175.0m¥554.0m¥333.0m¥403.0m—
Total assets¥12.97bn¥12.81bn¥12.90bn¥12.17bn¥12.10bn¥11.70bn¥12.34bn¥11.08bn
Cash and short-term investments¥7.66bn¥7.07bn¥7.07bn¥7.77bn¥8.12bn¥7.74bn¥7.72bn¥7.33bn
Debt¥120.2m———————
Shareholders' equity¥10.80bn¥10.57bn¥10.77bn¥10.37bn¥10.18bn¥9.79bn¥9.77bn¥9.17bn

Financial ratios

Data as of 1 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2005FY2004
Gross margin51.3%55.3%54.5%51.1%47.0%37.2%——
Operating margin21.6%27.2%27.3%22.6%14.8%3.8%——
Net margin16.9%21.3%21.3%16.6%10.3%3.9%——
Return on equity12.8%18.7%21.8%18.3%10.7%3.6%——
Return on assets10.7%14.8%16.8%13.2%8.3%3.0%——
Free cash flow yield7.0%15.1%15.4%11.6%10.9%1.4%——
Revenue growth-5.1%2.9%18.8%27.3%24.4%-10.2%——
Earnings growth-24.6%2.7%52.3%106.1%226.6%-58.2%——
Current ratio5.55x5.25x4.13x3.71x4.39x6.40x——
Debt to equity———0.00x0.00x0.00x0.00x0.01x
Equity ratio83.5%79.1%77.2%72.4%77.2%83.0%——
Buybacks as a share of market value-0.0%0.0%0.0%0.0%0.0%0.0%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue5.1%12.9%7.1%
Operating income3.4%59.5%23.3%
Net income5.7%51.3%24.0%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin53.4%53.2%50.7%45.7%
Operating margin24.5%24.8%21.3%17.1%
Net margin19.2%19.2%16.4%13.0%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings10.66.28.09.811.730.413.312.813.812.5
Price to sales1.81.31.71.61.21.21.11.00.90.7

Dividends and splits

Per share, in the currency the company pays

Paid for 26 years. Last went ex-dividend on 29 Dec 2025.

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Paid in the year200.0090.0060.0020.0017.5017.5017.5015.00
  • 2-for-1 split · 29 Dec 2022
  • 100-for-1 split · 26 Dec 2013
  • 2-for-1 split · 26 Jun 2007
  • 2-for-1 split · 27 Dec 2004

Sources and methodology

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

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