Earnings quality
Compare earnings and operating cash flow for earnings quality.
CAPCOM Co., Ltd.
Ticker 9697 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-16 · Period end 2026-03-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 38.5%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin38.5%
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
株式会社カプコン is a Japanese listed company. Its reportable segments include Amusement Equipments, Arcade Operations, Degital Contents, Operating Segments Not Included In.
- Amusement Equipments
- Arcade Operations
- Degital Contents
- Operating Segments Not Included In
- Total Of
- Description Of
- Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each
- Description Of Amortization Of Goodwill Or Unamortized Balance Of Goodwill Not Allocated To
Segments Amusement Equipments · Arcade Operations · Degital Contents · Operating Segments Not Included In · Total Of · Description Of
Compare trends
No phone/email found in this filing · Filing date 2026-06-16
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥169.6B | ¥195.4B |
| Cost of sales* | ¥70.8B | ¥85.1B |
| Gross profit | ¥98.8B | ¥110.2B |
| Operating profit (loss) | ¥65.8B | ¥75.3B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥17.2B | ¥19.3B |
| Profit (loss) | ¥48.4B | ¥54.6B |
| Profit (loss) attributable to owners | ¥48.5B | ¥54.6B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥150.4B | ¥102.8B |
| Current assets | ¥262.1B | ¥257.9B |
| Non-current assets | ¥50.9B | ¥81.4B |
| Total assets | ¥313.0B | ¥339.3B |
| Short-term borrowings | ¥3.6B | — |
| Current liabilities | ¥69.5B | ¥56.3B |
| Non-current liabilities* | ¥17.2B | ¥15.3B |
| Total liabilities | ¥86.7B | ¥71.6B |
| 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 | ¥67.6B | ¥31.4B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥18.7B | -¥26.1B |
| Net increase (decrease) in cash | ¥41.3B | -¥47.6B |
| Cash at end of period | ¥150.4B | ¥102.8B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥110.1B | ¥125.9B | ¥152.4B | ¥169.6B | ¥195.4B | |
| Operating profit | ¥44.3B | ¥51.4B | ¥59.4B | ¥65.6B | ¥74.1B | |
| Profit to owners | — | — | — | ¥48.5B | ¥54.6B | |
| Total assets | ¥187.4B | ¥217.4B | ¥243.5B | ¥313.0B | ¥339.3B | |
| Cash & equivalents | — | — | ¥109.1B | ¥150.4B | ¥102.8B | |
| Owners’ equity | ¥146.5B | ¥161.1B | ¥195.1B | ¥226.3B | ¥267.7B |
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 ¥169.6B to ¥195.4B (▲ +15.2%), so the top line did not break. Gross profit only slipped from ¥98.8B to ¥110.2B, while operating profit swung from ¥65.8B to ¥75.3B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥31.4B (prior ¥67.6B), and cash on the balance sheet rose to ¥102.8B from ¥150.4B. 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 ¥343.0M to ¥280.0M, consistent with heavy write-downs of past acquisitions’ carrying values.
The balance sheet got heavier on leverage. Total liabilities rose to ¥71.6B while owners’ equity fell to —. ROE moved from 23.0% to 22.1%, and the equity ratio from 72.3% to 78.8%. Employee count is 3,976 vs 3,766 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Capital structure held relatively steady.
Was this page helpful?
Source: EDINET S100YCGO
(株式会社カプコン), period end 2026-03-31.