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Definitive Analysis

Financial Statements

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Industry

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Page: Company Financials

SHIKIGAKU. Co., Ltd.

Ticker: 7049.T | Industry: Specialty Business Services | Sector: Industrials
$935.00 -5.00 (-0.53%)
As of: 2026-01-27

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Enterprise Value

Metric 2025 2024 2023 2022
Stock Price 830.67 545.00 551.25 648.00
Market Capitalization 7,126.89M 4,707.84M 4,756.50M 5,220.68M
(-) Cash & Equivalents 2,155.31M 2,265.67M 2,525.05M 2,007.92M
(+) Total Debt 275.02M 523.87M 862.79M 712.94M
Enterprise Value 5,246.59M 2,966.05M 3,094.23M 3,925.70M

Income Statement

Metric TTM TTM-1 2025-02-28 2024-02-28 2023-02-28 2022-02-28 2021-02-28 2020-02-28
Revenue 6,417M 5,162M 5,369M 4,830M 4,458M 3,824M 2,506M 1,720M
Cost of Revenue 1,856M 1,532M 1,632M 1,395M 1,021M 1,058M 639M 234M
Gross Profit 4,561M 3,629M 3,737M 3,434M 3,438M 2,766M 1,867M 1,486M
Gross Profit Margin 71.1% 70.3% 69.6% 71.1% 77.1% 72.3% 74.5% 86.4%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 3,570M 3,368M 3,406M 3,547M 3,495M 2,405M 1,729M 1,203M
Operating Expenses 3,569M 3,368M 3,406M 3,548M 3,495M 2,406M 1,729M 1,203M
Operating Income (EBIT) 992M 261M 331M -113M -57M 360M 137M 283M
Operating Income Margin 15.5% 5.1% 6.2% -2.3% -1.3% 9.4% 5.5% 16.5%
Interest Income 2M 0M 1M 0M 0M 0M 0M 0M
Interest Expense 4M 5M 5M 5M 4M 5M 4M 1M
Net Interest Income -1M -5M -3M -5M -4M -5M -4M -1M
Unusual Items -129M 233M 242M 9M -237M 195M -44M 0M
EBT Excluding Unusual Items 990M 257M 327M -118M -61M 355M 134M 282M
Pre-Tax Income 861M 490M 570M -109M -298M 551M 90M 282M
Pre-Tax Margin 13.4% 9.5% 10.6% -2.3% -6.7% 14.4% 3.6% 16.4%
Income Tax Expense 381M 213M 217M 20M 60M 178M 90M 106M
Net Income 581M 331M 427M -98M -252M 225M -42M 179M
Net Income Margin 9.1% 6.4% 7.9% -2.0% -5.7% 5.9% -1.7% 10.4%
Depreciation & Amortization 67M 62M 65M 75M 82M 68M 59M 43M
EBITDA 1,059M 324M 396M -38M 25M 428M 196M 326M
EBITDA Margin 16.5% 6.3% 7.4% -0.8% 0.6% 11.2% 7.8% 18.9%
NOPAT 553M 147M 205M -89M -45M 243M 1M 177M
NOPAT Margin 8.6% 2.9% 3.8% -1.9% -1.0% 6.4% 0.0% 10.3%
Owner's Earnings 648M 393M 446M -27M -261M 159M -26M 156M
Owner's Earnings Margin 10.1% 7.6% 8.3% -0.6% -5.9% 4.2% -1.1% 9.0%
EPS (Basic) 69.13 38.15 50.06 -11.13 -31.18 29.06 -5.60 23.99
EPS (Diluted) 67.99 37.86 49.76 -11.13 -31.18 27.88 -5.60 23.28
Shares (Basic) 9M 9M 9M 9M 8M 8M 7M 7M
Shares (Diluted) 9M 9M 9M 9M 8M 8M 7M 8M

Balance Sheet

Metric MRQ MRQ-1 2025-02-28 2024-02-28 2023-02-28 2022-02-28 2021-02-28 2020-02-28
Cash & Cash Equivalents 2,597.18M 1,556.18M 2,312.58M 2,353.45M 2,637.90M 2,625.50M 1,243.05M 1,005.00M
Short-Term Investments 1,251.72M 1,416.67M 993.29M 643.50M 576.72M 118.40M 0.00M 0.00M
Cash & Short-Term Investments 3,848.90M 2,972.84M 3,305.87M 2,996.95M 3,214.61M 2,743.90M 1,243.05M 1,005.00M
Net Receivables 616.69M 544.60M 564.37M 525.80M 419.31M 301.21M 282.25M 80.46M
Inventory 10.10M 13.11M 10.55M 5.66M 8.59M 19.06M 20.45M 0.61M
Other Current Assets 18.92M 76.85M 25.62M 30.60M 57.39M 182.00M 121.85M 66.05M
Total Current Assets 4,494.60M 3,607.40M 3,906.41M 3,559.00M 3,699.91M 3,246.16M 1,667.59M 1,152.12M
Property, Plant & Equipment 142.76M 151.34M 150.24M 132.75M 149.67M 98.04M 80.91M 64.00M
Goodwill 0.00M 0.00M 0.00M 0.00M 54.80M 92.23M 153.42M 174.00M
Intangible Assets 86.86M 94.47M 104.18M 89.97M 122.56M 128.14M 40.68M 28.00M
Long-Term Investments 106.59M 92.49M 91.27M -560.34M -474.90M 152.09M 236.74M 88.00M
Tax Assets 0.00M 0.00M 70.50M 54.40M 61.74M 85.49M 84.52M 104.43M
Other Non-Current Assets 278.51M 341.61M 328.62M 1,040.65M 787.68M 287.37M 128.54M -8.43M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 614.72M 679.90M 744.81M 757.42M 701.55M 843.36M 724.81M 450.00M
Total Assets 5,109.32M 4,287.30M 4,651.22M 4,316.42M 4,401.46M 4,089.51M 2,392.40M 1,602.12M
Accounts Payable 262.95M 229.70M 0.00M 0.00M 0.00M 19.68M 24.15M 0.00M
Short-Term Debt 130.55M 184.71M 238.87M 295.48M 365.48M 146.48M 245.19M 114.00M
Tax Payables 0.00M 0.00M 0.00M 0.00M 0.00M 161.41M 47.78M 55.10M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 754.12M 497.71M 0.00M
Other Current Liabilities 731.00M 385.54M 879.92M 596.57M 619.45M -151.57M -79.04M 246.90M
Total Current Liabilities 1,124.49M 799.96M 1,118.79M 892.05M 984.92M 930.13M 735.78M 416.00M
Long-Term Debt 74.36M 90.31M 106.27M 345.14M 640.62M 238.35M 384.83M 197.00M
Capital Lease Obligations 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 3.97M 3.12M 5.43M 3.97M 9.16M 7.08M 0.00M 8.58M
Other Non-Current Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Liabilities 78.32M 93.44M 111.70M 349.10M 649.78M 245.44M 384.83M 205.58M
Total Liabilities 1,202.81M 893.39M 1,230.48M 1,241.15M 1,634.70M 1,175.56M 1,120.61M 621.58M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 10.25M 10.00M 10.00M 10.00M 265.16M 866.28M 267.98M 265.00M
Retained Earnings 1,097.05M 739.89M 651.28M 224.71M 322.47M 591.31M 337.50M 379.00M
Accumulated OCI 94.44M 79.19M 77.71M 51.00M 63.00M 11.00M 2.00M 0.00M
Minority Interest 844.11M 853.42M 901.09M 801.95M 568.68M 367.58M 240.84M 33.00M
Total Shareholders’ Equity 1,201.74M 829.07M 738.99M 285.71M 650.63M 1,468.60M 607.48M 644.00M
Total Equity 2,045.85M 1,682.49M 1,640.08M 1,087.66M 1,219.30M 1,836.17M 848.31M 677.00M
Total Liabilities & Equity 3,248.66M 2,575.88M 2,870.56M 2,328.81M 2,854.00M 3,011.73M 1,968.92M 1,298.58M
Tangible Assets 5,022.46M 4,192.84M 4,547.04M 4,226.46M 4,224.10M 3,869.15M 2,198.30M 1,400.12M
Tangible Equity 1,958.99M 1,588.03M 1,535.90M 997.69M 1,041.95M 1,615.81M 654.21M 475.00M
Tangible Book Value 1,958.99M 1,588.03M 1,535.90M 997.69M 1,041.95M 1,615.81M 654.21M 475.00M
Total Investments 1,358.31M 1,509.16M 1,084.56M 83.16M 101.82M 270.49M 236.74M 88.00M
Net Debt -2,392.28M -1,281.16M -1,967.44M -1,712.84M -1,631.80M -2,240.66M -613.03M -694.00M

Capital Metrics

Metric MRQ MRQ-1 2025-02-28 2024-02-28 2023-02-28 2022-02-28 2021-02-28 2020-02-28
Working Capital 3,307.0M 2,893.4M 2,804.3M 2,676.8M 2,910.5M 2,134.0M 798.8M 736.0M
Total Capital 3,204.2M 2,901.4M 2,881.5M 2,923.8M 3,399.7M 2,749.2M 1,528.0M 1,265.0M
Capital Employed 3,921.7M 3,573.3M 3,549.1M 3,434.3M 3,612.0M 2,977.4M 1,523.6M 1,186.0M
Invested Capital 607.0M 1,345.2M 568.9M 570.4M 761.8M 123.7M 284.9M 260.0M

Cash Flow Statement

Metric TTM TTM-1 2025-02-28 2024-02-28 2023-02-28 2022-02-28 2021-02-28 2020-02-28
Net Income 581.34M 331.00M 426.57M -97.76M -298.08M 224.00M 90.31M 178.00M
Depreciation & Amortization 0.00M 0.00M 64.75M 75.36M 82.05M 67.88M 58.69M 41.00M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 0.00M 0.00M 80.63M -83.12M -217.52M 91.00M 61.00M -56.00M
Accounts Receivable 0.00M 0.00M -38.23M -177.00M -118.50M -18.00M -173.00M -35.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 0.00M 0.00M 118.86M 93.88M -99.02M 109.00M 234.00M -21.00M
Other Non-Cash Items -581.34M -331.00M -403.66M -65.48M -506.18M 86.68M -28.77M 8.00M
Net Cash from Operating Activities 0.00M 0.00M 168.30M -171.00M -939.73M 469.56M 181.22M 171.00M
Capital Expenditures (PPE) 0.00M 0.00M -99.76M -5.08M -90.89M -133.98M -43.51M -66.00M
Acquisitions (Net) 0.00M 0.00M 245.70M 0.00M 277.90M 333.70M -69.46M -297.95M
Purchases of Investments 0.00M 0.00M 0.00M -6.00M -18.50M -174.19M -272.81M -9.00M
Sales / Maturities of Investments 0.00M 0.00M 200.12M 0.00M 0.00M 286.59M 101.38M 0.00M
Other Investing Activities 0.00M 0.00M -232.45M -11.76M -316.65M -381.99M -13.15M -85.05M
Net Cash from Investing Activities 0.00M 0.00M 113.62M -22.83M -148.15M -69.88M -297.55M -458.00M
Net Debt Issuance 0.00M 0.00M -295.48M -365.48M 621.26M -245.19M 235.02M 250.00M
Long-Term Debt Issuance 0.00M 0.00M -295.48M -365.48M 621.26M -145.19M 185.02M 250.80M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M -100.00M 50.00M 50.00M
Net Stock Issuance 0.00M 0.00M -199.09M -0.27M 212.93M 1,186.37M -70.43M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M -0.27M 507.18M 1,186.45M 5.01M 82.08M
Common Stock Repurchased 0.00M 0.00M -199.09M 0.00M -294.25M -0.08M -75.44M -0.20M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 0.00M 0.00M 172.46M 275.71M 266.08M 41.58M 150.90M 168.00M
Net Cash from Financing Activities 0.00M 0.00M -322.10M -90.04M 1,100.27M 982.76M 315.48M 418.00M
Effect of FX on Cash 0.00M 0.00M -0.69M 0.00M 0.00M 0.00M 38.24M 0.00M
Net Change in Cash 0.00M 0.00M -40.87M -284.44M 12.40M 1,382.45M 237.40M -742.87M
Cash at Beginning of Period 0.00M 0.00M 2,353.45M 2,637.90M 2,625.50M 1,243.05M 1,005.66M 873.87M
Cash at End of Period 0.00M 0.00M 2,312.58M 2,353.45M 2,637.90M 2,625.50M 1,243.05M 131.00M
Operating Cash Flow 0.00M 0.00M 168.30M -171.00M -939.73M 469.56M 181.22M 171.00M
Capital Expenditure 0.00M 0.00M -45.16M -5.08M -90.89M -133.98M -43.51M -66.00M
Free Cash Flow 0.00M 0.00M 472.93M -176.64M -1,030.62M 335.58M 137.72M 105.00M

Free Cash Flow

Metric TTM TTM-1 2025-02-28 2024-02-28 2023-02-28 2022-02-28 2021-02-28 2020-02-28
EBITDA 1,057.86M 324.08M 395.63M -37.19M 24.70M 428.56M 196.33M 325.84M
(-) Tax Adjustment 370.25M 113.43M 138.47M 0.00M 0.00M 138.88M 68.72M 114.04M
(-) Change In Working Capital 0.00M 0.00M 80.63M -83.12M -217.52M 91.00M 61.00M -56.00M
(-) Capital Expenditure 0.00M 0.00M -45.16M -5.08M -90.89M -133.98M -43.51M -66.00M
Unlevered Free Cash Flow 687.61M 210.65M 131.37M 40.86M 151.32M 64.70M 23.11M 201.80M
(-) Net Interest Income After Taxes -0.93M -2.93M -2.26M -5.14M -3.72M -3.09M -2.33M -0.93M
Net Debt Issuance 0.00M 0.00M -295.48M -365.48M 621.26M -245.19M 235.02M 250.00M
Levered Free Cash Flow 688.53M 213.58M -161.84M -319.48M 776.30M -177.39M 260.45M 452.72M