Earnings quality
Compare earnings and operating cash flow for earnings quality.
Hakuhodo DY Holdings Inc.
Ticker 2433 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-25 · Period end 2026-03-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
Compare earnings and operating cash flow for earnings quality.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin—
Equity ratio—
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
株式会社博報堂ＤＹホールディングス is a Japanese listed company with financial statements filed on EDINET. A detailed English business summary was not auto-extracted from this filing.
Compare trends
No phone/email found in this filing · Filing date 2026-06-25
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | — | — |
| Cost of sales* | — | — |
| Gross profit | ¥399.6B | ¥406.0B |
| Operating profit (loss) | ¥37.6B | ¥44.7B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥19.0B | ¥20.1B |
| Profit (loss) | ¥12.4B | ¥17.6B |
| Profit (loss) attributable to owners | ¥10.8B | ¥16.8B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥207.5B | ¥233.1B |
| Current assets | ¥713.3B | ¥743.0B |
| Non-current assets | ¥336.9B | ¥338.2B |
| Total assets | ¥1.1T | ¥1.1T |
| Short-term borrowings | ¥6.9B | ¥7.2B |
| Current liabilities | ¥469.8B | ¥535.8B |
| Non-current liabilities* | ¥166.7B | ¥142.8B |
| Total liabilities | ¥636.5B | ¥678.6B |
| Equity attributable to owners | — | — |
| Total equity | — | — |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥82.4B | ¥68.4B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥45.8B | -¥30.7B |
| Net increase (decrease) in cash | ¥27.5B | ¥25.6B |
| Cash at end of period | ¥207.5B | ¥233.1B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Operating profit | ¥75.7B | ¥60.4B | ¥37.8B | ¥42.7B | ¥46.1B | |
| Profit to owners | — | — | — | ¥10.8B | ¥16.8B | |
| Total assets | ¥1.1T | ¥1.0T | ¥1.0T | ¥1.1T | ¥1.1T | |
| Cash & equivalents | — | — | ¥180.1B | ¥207.5B | ¥233.1B | |
| Owners’ equity | ¥387.4B | ¥389.8B | ¥409.2B | ¥413.7B | ¥402.5B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from — to — (—), so the top line did not break. Gross profit only slipped from ¥399.6B to ¥406.0B, while operating profit swung from ¥37.6B to ¥44.7B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥68.4B (prior ¥82.4B), and cash on the balance sheet rose to ¥233.1B from ¥207.5B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
Goodwill on the balance sheet fell from ¥57.2B to ¥49.8B, consistent with heavy write-downs of past acquisitions’ carrying values.
The balance sheet got heavier on leverage. Total liabilities rose to ¥678.6B while owners’ equity fell to —. ROE moved from 2.8% to 4.3%, and the equity ratio from 37.2% to 36.0%. Employee count is 28,921 vs 29,386 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Owners’ equity ratio fell from 37.2% to 36.0%; the balance sheet absorbed a heavy loss year.
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Source: EDINET S100YHXU
(株式会社博報堂ＤＹホールディングス), period end 2026-03-31.