Earnings quality
Compare earnings and operating cash flow for earnings quality.
Obic Co., Ltd.
Ticker 4684 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-23 · Period end 2026-03-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 65.7%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin65.7%
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
株式会社オービック is a Japanese listed company. Its reportable segments include System Support, System Integration, Total Of, Office Automation.
- System Support
- System Integration
- Total Of
- Office Automation
- System Integration And System Support
- Description Of
- Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each
Segments System Support · System Integration · Total Of · Office Automation · System Integration And System Support · Description Of
Compare trends
No phone/email found in this filing · Filing date 2026-06-23
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥121.2B | ¥135.2B |
| Cost of sales* | ¥26.9B | ¥29.5B |
| Gross profit | ¥94.4B | ¥105.7B |
| Operating profit (loss) | ¥78.4B | ¥88.8B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥25.5B | ¥29.6B |
| Profit (loss) | ¥64.6B | ¥75.2B |
| Profit (loss) attributable to owners | ¥64.6B | ¥75.2B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥200.1B | ¥207.4B |
| Current assets | ¥219.6B | ¥227.9B |
| Non-current assets | ¥280.8B | ¥390.9B |
| Total assets | ¥500.4B | ¥618.8B |
| Short-term borrowings | — | — |
| Current liabilities | ¥30.8B | ¥34.9B |
| Non-current liabilities* | ¥35.7B | ¥67.9B |
| Total liabilities | ¥66.5B | ¥102.8B |
| 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 | ¥62.8B | ¥73.7B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥29.0B | -¥64.4B |
| Net increase (decrease) in cash | ¥29.8B | ¥7.3B |
| Cash at end of period | ¥200.1B | ¥207.4B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥89.5B | ¥100.2B | ¥111.6B | ¥121.2B | ¥135.2B | |
| Operating profit | ¥60.2B | ¥70.2B | ¥81.2B | ¥89.8B | ¥104.8B | |
| Profit to owners | — | — | — | ¥64.6B | ¥75.2B | |
| Total assets | ¥323.9B | ¥366.7B | ¥462.2B | ¥500.4B | ¥618.8B | |
| Cash & equivalents | — | — | ¥170.2B | ¥200.1B | ¥207.4B | |
| Owners’ equity | ¥293.6B | ¥327.9B | ¥398.7B | ¥433.9B | ¥516.0B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from ¥121.2B to ¥135.2B (▲ +11.5%), so the top line did not break. Gross profit only slipped from ¥94.4B to ¥105.7B, while operating profit swung from ¥78.4B to ¥88.8B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥73.7B (prior ¥62.8B), and cash on the balance sheet rose to ¥207.4B from ¥200.1B. 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.
The balance sheet got heavier on leverage. Total liabilities rose to ¥102.8B while owners’ equity fell to —. ROE moved from 15.5% to 15.8%, and the equity ratio from 86.7% to 83.4%. Employee count is 2,256 vs 2,189 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Owners’ equity ratio fell from 86.7% to 83.4%; the balance sheet absorbed a heavy loss year.
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Source: EDINET S100YGBS
(株式会社オービック), period end 2026-03-31.