Income Statement Advantage Risk Management Co., Ltd.

Stocks

8769

JP3122410008

Healthcare Facilities & Services

Market Closed - Japan Exchange 02:30:00 2026-09-01 EDT			5-day change	1st Jan Change
507.00 ^JPY	-0.20%		+1.20%	-17.83%

25-06-29	Advantage Risk Management Co., Ltd. acquired Kenko Nenrei Small Amount Short Term Insurance Co., Ltd. from Yosuke Matsushima, Hiroshi Ohashi and Tsuyoshi Shikamori.	CI
25-05-26	Advantage Risk Management Co., Ltd. agreed to acquire Kenko Nenrei Small Amount Short Term Insurance Co., Ltd. from Yosuke Matsushima, Hiroshi Ohashi and Tsuyoshi Shikamori.	CI

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Published financial data: ADVANTAGE RISK MANAGEMENT CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Revenues	5.79B	6.4B	7B	8.55B	9.92B
Total Revenues	5.79B	6.4B	7B	8.55B	9.92B
Cost of Goods Sold, Total	1.52B	1.81B	2.06B	2.64B	3.35B
Gross Profit	4.27B	4.59B	4.93B	5.91B	6.58B
Selling General & Admin Expenses, Total	3.87B	4.01B	4.19B	4.86B	5.52B
Amortization of Goodwill and Intangible Assets - (IS)	54M	34M	13M	24M	59M
Other Operating Expenses, Total	3.92B	4.04B	4.21B	4.89B	5.58B
Operating Income	353M	553M	726M	1.02B	997M
Interest Expense, Total	-	-	-1M	-10M	-19M
Interest And Investment Income	2M	9M	11M	13M	14M
Net Interest Expenses	2M	9M	10M	3M	-5M
Income (Loss) On Equity Invest.	7M	-27M	-	-	-
Other Non Operating Income (Expenses)	0	-2M	1M	-4M	10M
EBT, Excl. Unusual Items	362M	533M	737M	1.02B	1B
Gain (Loss) On Sale Of Investments	-46M	13M	2M	-	-
Asset Writedown	-3M	-	-	-234M	-14M
Other Unusual Items	25M	-	-	-	20M
EBT, Incl. Unusual Items	338M	546M	739M	788M	1.01B
Income Tax Expense	137M	169M	234M	44M	322M
Earnings From Continuing Operations	201M	377M	505M	744M	686M
Net Income to Company	201M	377M	505M	744M	686M
Net Income - (IS)	201M	377M	505M	744M	686M
Net Income to Common Incl Extra Items	201M	377M	505M	744M	686M
Net Income to Common Excl. Extra Items	201M	377M	505M	744M	686M
Per Share Items
Net EPS - Basic	12.02	22.61	30.27	46.1	43.69
Basic EPS - Continuing Operations	12.02	22.61	30.27	46.1	43.69
Basic Weighted Average Shares Outstanding	16.73M	16.68M	16.69M	16.14M	15.7M
Net EPS - Diluted	12.02	22.61	30.27	46.1	43.69
Diluted EPS - Continuing Operations	12.02	22.61	30.27	46.1	43.69
Diluted Weighted Average Shares Outstanding	16.73M	16.68M	16.69M	16.14M	15.7M
Normalized Basic EPS	13.53	19.98	27.61	39.58	39.88
Normalized Diluted EPS	13.53	19.98	27.61	39.58	39.88
Dividend Per Share	10	10	12	16	17
Payout Ratio	84.08	44.83	33.47	27.28	37.17
Supplemental Items
EBITDA	750M	1.08B	1.4B	1.86B	2.05B
EBITA	407M	587M	739M	1.05B	1.06B
EBIT	353M	553M	726M	1.02B	997M
Effective Tax Rate - (Ratio)	40.53	30.95	31.66	5.58	31.94
Normalized Net Income	226M	333M	461M	639M	626M
Non-Cash Pension Expense	19M	18M	18M	18M	19M
Supplemental Operating Expense Items
General and Administrative Expenses	86M	95M	113M	113M	123M

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Assets
Cash And Equivalents	717M	1.27B	1.43B	1.73B	1.85B
Total Cash And Short Term Investments	717M	1.27B	1.43B	1.73B	1.85B
Accounts Receivable, Total	1.36B	1.22B	1.27B	1.62B	1.58B
Total Receivables	1.36B	1.22B	1.27B	1.62B	1.58B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	126M	148M	161M	349M	214M
Total Current Assets	2.2B	2.64B	2.86B	3.7B	3.64B
Net Property Plant And Equipment	198M	169M	152M	136M	190M
Long-term Investments	1.4B	748M	748M	777M	793M
Goodwill	34M	-	273M	252M	588M
Other Intangibles, Total	1.72B	2.27B	2.36B	3.46B	3.11B
Deferred Tax Assets Long-Term	120M	136M	156M	395M	257M
Other Long-Term Assets, Total	1M	-	2M	2M	1M
Total Assets	5.68B	5.96B	6.54B	8.72B	8.58B
Liabilities
Accrued Expenses, Total	193M	198M	212M	324M	254M
Short-term Borrowings	170M	170M	170M	170M	20M
Current Portion of Long-Term Debt	-	-	46M	226M	224M
Current Portion of Leases	-	-	1M	1M	1M
Current Income Taxes Payable	416M	589M	513M	752M	596M
Unearned Revenue Current, Total	730M	719M	757M	853M	882M
Other Current Liabilities	593M	450M	510M	561M	568M
Total Current Liabilities	2.1B	2.13B	2.21B	2.89B	2.54B
Long-Term Debt	-	-	121M	1.57B	1.23B
Long-Term Leases	-	2M	5M	3M	2M
Deferred Tax Liability Non Current	-	-	-	-	21M
Other Non Current Liabilities	151M	193M	230M	304M	403M
Total Liabilities	2.25B	2.32B	2.56B	4.76B	4.2B
Common Stock, Total	365M	365M	365M	365M	365M
Additional Paid In Capital	317M	317M	317M	317M	317M
Retained Earnings	3.3B	3.51B	3.84B	3.71B	4.14B
Treasury Stock	-614M	-603M	-594M	-481M	-476M
Comprehensive Income and Other	52M	52M	52M	51M	36M
Total Common Equity	3.42B	3.64B	3.98B	3.96B	4.38B
Total Equity	3.42B	3.64B	3.98B	3.96B	4.38B
Total Liabilities And Equity	5.68B	5.96B	6.54B	8.72B	8.58B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	16.67M	16.68M	16.62M	15.7M	15.7M
ECS Total Common Shares Outstanding	16.67M	16.68M	16.69M	15.7M	15.7M
Book Value / Share	205.46	218.16	238.48	252.22	278.85
Tangible Book Value	1.67B	1.37B	1.35B	245M	679M
Tangible Book Value Per Share	100	82.01	80.77	15.61	43.24
Total Debt	170M	172M	343M	1.97B	1.48B
Net Debt	-547M	-1.09B	-1.08B	238M	-371M
Full Time Employees	373	391	439	519	535

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Net Income	339M	547M	739M	789M	1.01B
Depreciation & Amortization - CF	343M	495M	657M	810M	993M
Amortization of Goodwill and Intangible Assets - (CF)	54M	34M	13M	24M	59M
Depreciation & Amortization, Total	397M	529M	670M	834M	1.05B
(Gain) Loss From Sale Of Asset	3M	-	-	234M	14M
(Gain) Loss on Sale of Investments - (CF)	46M	-12M	-2M	-	-
(Income) Loss On Equity Investments - (CF)	-7M	27M	-	-	-
Other Operating Activities, Total	-196M	-134M	-199M	-284M	-135M
Change In Accounts Receivable	-87M	-76M	-70M	-8M	21M
Change in Other Net Operating Assets	83M	50M	154M	140M	-34M
Cash from Operations	578M	931M	1.29B	1.7B	1.93B
Capital Expenditure	-8M	-1M	-8M	-12M	-13M
Cash Acquisitions	-	-	-96M	-	-348M
Sale (Purchase) of Intangible assets	-954M	-852M	-868M	-721M	-710M
Investment in Marketable and Equity Securities, Total	-1.19B	624M	25M	-	-
Other Investing Activities, Total	-	10M	-1M	-1.53B	9M
Cash from Investing	-2.15B	-219M	-948M	-2.26B	-1.06B
Long-Term Debt Issued, Total	-	-	-	1.82B	-
Total Debt Issued	-	-	-	1.82B	-
Short Term Debt Repaid, Total	-	-	-	-	-150M
Long-Term Debt Repaid, Total	-	-	-12M	-192M	-344M
Total Debt Repaid	-	-	-12M	-192M	-494M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-299M	-	-	-564M	-
Common Dividends Paid	-169M	-169M	-169M	-203M	-255M
Common & Preferred Stock Dividends Paid	-169M	-169M	-169M	-203M	-255M
Other Financing Activities, Total	-1M	-	-1M	-3M	-1M
Cash from Financing	-469M	-169M	-182M	860M	-750M
Miscellaneous Cash Flow Adjustments	1M	-1M	-1M	-	-1M
Net Change in Cash	-2.04B	542M	161M	303M	113M
Supplemental Items
Cash Interest Paid	-	-	1M	11M	18M
Cash Income Tax Paid (Refund)	222M	134M	201M	284M	143M
Levered Free Cash Flow	-440M	163M	226M	692M	926M
Unlevered Free Cash Flow	-440M	163M	227M	698M	938M
Change In Net Working Capital	96M	-141M	21M	42M	14M
Net Debt Issued / Repaid	-	-	-12M	1.63B	-494M

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Profitability
Return on Assets	3.82	5.94	7.26	8.37	7.2
Return on Total Capital	5.92	9.33	11.16	12.47	10.57
Return On Equity %	5.65	10.67	13.26	18.74	16.45
Return on Common Equity	5.65	10.67	13.26	18.74	16.45
Margin Analysis
Gross Profit Margin %	73.77	71.73	70.49	69.1	66.27
SG&A Margin	66.75	62.56	59.93	56.86	55.63
EBITDA Margin %	12.95	16.89	19.95	21.71	20.65
EBITA Margin %	7.03	9.16	10.56	12.24	10.64
EBIT Margin %	6.09	8.63	10.37	11.96	10.05
Income From Continuing Operations Margin %	3.47	5.89	7.22	8.7	6.91
Net Income Margin %	3.47	5.89	7.22	8.7	6.91
Net Avail. For Common Margin %	3.47	5.89	7.22	8.7	6.91
Normalized Net Income Margin	3.91	5.2	6.58	7.47	6.31
Levered Free Cash Flow Margin	-7.6	2.54	3.23	8.09	9.33
Unlevered Free Cash Flow Margin	-7.6	2.54	3.24	8.16	9.45
Asset Turnover
Asset Turnover	1	1.1	1.12	1.12	1.15
Fixed Assets Turnover	27.07	34.9	43.6	59.4	60.88
Receivables Turnover (Average Receivables)	4.43	4.96	5.63	5.93	6.21
Short Term Liquidity
Current Ratio	1.05	1.24	1.29	1.28	1.43
Quick Ratio	0.99	1.17	1.22	1.16	1.35
Operating Cash Flow to Current Liabilities	0.27	0.44	0.58	0.59	0.76
Days Sales Outstanding (Average Receivables)	82.4	73.6	65.06	61.53	58.76
Long Term Solvency
Total Debt/Equity	4.96	4.73	8.62	49.79	33.73
Total Debt / Total Capital	4.73	4.51	7.93	33.24	25.22
LT Debt/Equity	-	0.05	3.17	39.76	28.13
Long-Term Debt / Total Capital	-	0.05	2.91	26.54	21.04
Total Liabilities / Total Assets	39.68	38.94	39.19	54.62	48.96
EBIT / Interest Expense	-	-	726	102.3	52.47
EBITDA / Interest Expense	-	-	1.4K	185.7	107.84
(EBITDA - Capex) / Interest Expense	-	-	1.39K	184.5	107.16
Total Debt / EBITDA	0.23	0.16	0.25	1.06	0.72
Net Debt / EBITDA	-0.73	-1.01	-0.78	0.13	-0.18
Total Debt / (EBITDA - Capex)	0.23	0.16	0.25	1.07	0.73
Net Debt / (EBITDA - Capex)	-0.74	-1.01	-0.78	0.13	-0.18
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	6.24	10.58	9.26	22.23	16
Gross Profit, 1 Yr. Growth %	0.4	7.51	7.38	19.83	11.25
EBITDA, 1 Yr. Growth %	-24.47	44.27	29.02	33.02	10.34
EBITA, 1 Yr. Growth %	-47.89	44.23	25.89	41.68	0.86
EBIT, 1 Yr. Growth %	-51.44	56.66	31.28	40.91	-2.54
Earnings From Cont. Operations, 1 Yr. Growth %	-59.48	87.56	33.95	47.33	-7.8
Net Income, 1 Yr. Growth %	-59.48	87.56	33.95	47.33	-7.8
Normalized Net Income, 1 Yr. Growth %	-50.41	47.24	38.27	38.67	-1.96
Diluted EPS Before Extra, 1 Yr. Growth %	-58.9	88.12	33.88	52.33	-5.23
Accounts Receivable, 1 Yr. Growth %	8.53	-10.21	3.6	27.8	-2.53
Net Property, Plant and Equip., 1 Yr. Growth %	-13.91	-14.65	-10.06	-10.53	39.71
Total Assets, 1 Yr. Growth %	-3.2	4.97	9.82	33.29	-1.65
Tangible Book Value, 1 Yr. Growth %	-34.32	-17.94	-1.46	-81.82	177.14
Common Equity, 1 Yr. Growth %	-7.23	6.25	9.37	-0.53	10.61
Cash From Operations, 1 Yr. Growth %	-18.82	61.07	38.78	31.97	12.96
Capital Expenditures, 1 Yr. Growth %	-89.04	-87.5	700	50	8.33
Levered Free Cash Flow, 1 Yr. Growth %	439.51	-136.93	39.05	206.08	33.83
Unlevered Free Cash Flow, 1 Yr. Growth %	439.51	-136.93	39.43	207.99	34.33
Dividend Per Share, 1 Yr. Growth %	0	0	20	33.33	6.25
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	4.91	8.39	9.92	15.56	19.08
Gross Profit, 2 Yr. CAGR %	2.1	3.9	7.45	13.43	15.46
EBITDA, 2 Yr. CAGR %	-21.79	4.39	36.43	31.01	21.15
EBITA, 2 Yr. CAGR %	-36.43	-13.31	34.75	33.55	19.54
EBIT, 2 Yr. CAGR %	-39.14	-12.78	43.41	36.01	17.19
Earnings From Cont. Operations, 2 Yr. CAGR %	-43.92	-12.82	58.51	40.48	16.55
Net Income, 2 Yr. CAGR %	-43.92	-12.82	58.51	40.48	16.55
Normalized Net Income, 2 Yr. CAGR %	-38.4	-14.55	42.69	38.47	16.6
Diluted EPS Before Extra, 2 Yr. CAGR %	-43.53	-12.06	58.7	42.8	20.15
Accounts Receivable, 2 Yr. CAGR %	8.36	-1.28	-3.55	15.07	11.61
Net Property, Plant and Equip., 2 Yr. CAGR %	-3.13	-14.28	-12.38	-10.29	11.8
Total Assets, 2 Yr. CAGR %	1.85	0.8	7.36	20.99	14.5
Tangible Book Value, 2 Yr. CAGR %	-22.18	-26.58	-10.08	-57.68	-29.03
Common Equity, 2 Yr. CAGR %	0.77	-0.72	7.8	4.3	4.89
Cash From Operations, 2 Yr. CAGR %	-17.78	14.35	49.51	35.33	22.09
Capital Expenditures, 2 Yr. CAGR %	-24.41	-88.3	0	246.41	27.48
Levered Free Cash Flow, 2 Yr. CAGR %	-13.21	41.15	-28.34	106.3	102.39
Unlevered Free Cash Flow, 2 Yr. CAGR %	-13.21	41.15	-28.24	107.23	103.4
Dividend Per Share, 2 Yr. CAGR %	-4.65	0	9.54	26.49	19.02
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.75	6.76	8.68	13.88	15.71
Gross Profit, 3 Yr. CAGR %	3.19	3.87	5.04	11.42	12.7
EBITDA, 3 Yr. CAGR %	-15.11	-4.08	12.02	35.29	23.72
EBITA, 3 Yr. CAGR %	-25.44	-16.46	-1.83	37.02	21.62
EBIT, 3 Yr. CAGR %	-27.54	-16.59	-0.05	42.57	21.71
Earnings From Cont. Operations, 3 Yr. CAGR %	-31.08	-16.13	0.6	54.69	22.08
Net Income, 3 Yr. CAGR %	-31.08	-16.13	0.6	54.69	22.08
Normalized Net Income, 3 Yr. CAGR %	-26.85	-17.64	0.32	41.33	23.42
Diluted EPS Before Extra, 3 Yr. CAGR %	-30.63	-15.66	1.16	56.54	24.56
Accounts Receivable, 3 Yr. CAGR %	5.71	1.78	0.32	5.94	8.87
Net Property, Plant and Equip., 3 Yr. CAGR %	-6.73	-7.13	-12.9	-11.77	3.98
Total Assets, 3 Yr. CAGR %	4.23	2.88	3.72	15.39	12.91
Tangible Book Value, 3 Yr. CAGR %	-9.83	-20.79	-19.02	-47.23	-20.82
Common Equity, 3 Yr. CAGR %	5.84	2.56	2.54	4.95	6.36
Cash From Operations, 3 Yr. CAGR %	-18.07	2.88	21.97	43.42	27.42
Capital Expenditures, 3 Yr. CAGR %	-51.7	-58.51	-52.15	14.47	135.13
Levered Free Cash Flow, 3 Yr. CAGR %	-21.11	-34.72	40.45	16.27	78.59
Unlevered Free Cash Flow, 3 Yr. CAGR %	-21.11	-34.72	40.58	16.62	79.35
Dividend Per Share, 3 Yr. CAGR %	0	-3.13	6.27	16.96	19.35
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.88	7.4	7.4	10.2	12.72
Gross Profit, 5 Yr. CAGR %	6.62	5.36	4.87	7.6	9.09
EBITDA, 5 Yr. CAGR %	-4.19	-0.85	2.63	8.66	15.59
EBITA, 5 Yr. CAGR %	-10.1	-7.67	-5.53	0.78	6.22
EBIT, 5 Yr. CAGR %	-10.94	-7.55	-4.79	1.43	6.52
Earnings From Cont. Operations, 5 Yr. CAGR %	-13.87	-7.74	-3.83	3.09	6.7
Net Income, 5 Yr. CAGR %	-13.87	-7.74	-3.83	3.09	6.7
Normalized Net Income, 5 Yr. CAGR %	-10.49	-8.39	-4.44	1.39	6.54
Diluted EPS Before Extra, 5 Yr. CAGR %	-13.51	-7.17	-3.41	4.12	8.37
Accounts Receivable, 5 Yr. CAGR %	4.11	1.42	1.91	6.9	4.69
Net Property, Plant and Equip., 5 Yr. CAGR %	13.31	-4.88	-9.03	-8.41	-3.75
Total Assets, 5 Yr. CAGR %	6.43	5.1	5.47	9.77	7.9
Tangible Book Value, 5 Yr. CAGR %	4.59	-6.59	-9.93	-38.36	-23.18
Common Equity, 5 Yr. CAGR %	9.68	6.35	6.62	3.26	3.47
Cash From Operations, 5 Yr. CAGR %	-14.91	2.85	4.22	14.8	22.02
Capital Expenditures, 5 Yr. CAGR %	-21.59	-62.51	-35.38	-3.04	-29.19
Levered Free Cash Flow, 5 Yr. CAGR %	-16.94	-16.53	-24.09	3.43	62.55
Unlevered Free Cash Flow, 5 Yr. CAGR %	-16.95	-16.55	-24.05	3.62	62.96
Dividend Per Share, 5 Yr. CAGR %	8.18	2.13	3.71	7.78	11.2