Company profile

Starts Publishing Corporation

EDINET
E00736
Securities
7849
Latest annual securities report
2026-03-23 Annual Securities Report PDF HTML
Latest financial report
2026-08-07 Semiannual Securities Report PDF HTML
Latest filing
—

Industry position

Information & Communication

View details
Profitability Strong Current Top 29% 5-year trend Improving
Financial strength Strong Based on Equity ratio Current Top 11% 5-year trend Improving
Growth Weak Current Bottom 25% 5-year trend Deteriorating
Cash generation Below average Current Bottom 43% 5-year trend Deteriorating

Latest half-year results

H1 FY2026

2026/01/01 - 2026/06/30

Standalone · Japanese GAAP · Cumulative YTD

For H1 FY2026, revenue was ¥3.88 billion, up 2.8% year over year. Operating income was ¥501.31 million, down 33.1% year over year. Net income was ¥445.66 million, down 32.0% year over year.

Revenue ¥3.88B up 2.8% year over year
Operating income ¥501.31M down 33.1% year over year
Net income ¥445.66M down 32.0% year over year
Operating cash flow ¥966.51M
Free cash flow -¥1.1B
Total assets ¥12.97B

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Standalone · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2025

Standalone Japanese GAAP

Revenue reached ¥8.14 billion, down 5.1% year over year. Operating income was ¥1.76 billion, down 24.9% year over year. Operating margin was 21.6%. Net income was ¥1.38 billion, down 24.6% year over year. ROE was 12.8%; equity ratio was 83.5%; free cash flow was -¥186.35 million.

Revenue ¥8.14B down 5.1% year over year
Operating income ¥1.76B down 24.9% year over year
Net income ¥1.38B down 24.6% year over year
Total assets¥12.9B
Total equity—
Operating cash flow¥798.75M
Free cash flow-¥186.35M

Industry position details

Information & Communication

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Strong

Operating margin Top 16% / ROE Top 43%

Financial strength Strong
Based on Equity ratio

Equity ratio Top 11%

Growth Weak

Revenue growth Bottom 86% / 3-year revenue CAGR Bottom 67%

Cash generation Below average

Operating cash flow margin Top 49% / Free cash flow margin Bottom 68%

Profitability Industry position history Improving
2025 Top 28% 2024 Top 13% 2023 Top 10% 2022 Top 16% 2021 Top 38%
Financial strength Industry position history Improving
2025 Top 11% 2024 Top 15% 2023 Top 23% 2022 Top 31% 2021 Top 24%
Growth Industry position history Deteriorating
2025 Bottom 25% 2024 Top 47% 2023 Top 18% 2022 Top 20% 2021 Top 29%
Cash generation Industry position history Deteriorating
2025 Bottom 43% 2024 Top 16% 2023 Top 12% 2022 Top 17% 2021 Top 14%
Profitability Operating margin 21.6% Industry median 8.5% Top 16% Comparison sample 262
Profitability ROE 12.8% Industry median 11.1% Top 43% Comparison sample 262
Financial strength Equity ratio 83.5% Industry median 60.4% Top 11% Comparison sample 262
Growth Revenue growth -5.1% Industry median +10.0% Bottom 86% Comparison sample 245
Growth 3-year revenue CAGR +5.1% Industry median +9.3% Bottom 67% Comparison sample 196
Cash generation Operating cash flow margin 9.8% Industry median 9.2% Top 49% Comparison sample 262
Cash generation Free cash flow margin -2.3% Industry median 3.8% Bottom 68% Comparison sample 262

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2025 Standalone Japanese GAAP 8143367000 1756848000 1876858000 1377253000 12902098000 2129146000 10772951000 10032644000 10772951000 798750000 -985103000 -459412000 -186353000 5573685000 358.7 10.6 3802.22 14600524800.00 2805.78 120.0 3840000 0.8349766836 0.835 0.127843615 0.1067464377 0.2157397548 0.2304769022 0.1691257437 0.0980859637 -0.0228840233 0.3345413995 -0.051057738 -0.2486509188 -0.231113225 -0.2459985591 0.0768615575 0.1030136275 -0.5262775827 -30.2263395241 -0.3318490301 -1.108356107 -0.1038299207 -0.2459850332 0.0909090909 0.0 0.0212765957 0.015176873 240 6111246
FY2024 Standalone Japanese GAAP 8581520000 2338258000 2441007000 1826592000 11981204000 2214370000 9766834000 9116358000 9766834000 1686114000 33706000 -344943000 1719820000 6219450000 475.72 6.2 2949.464 11325941760.000 2543.7 110.0 3840000 0.8151796764 0.815 0.1870198674 0.152454795 0.2724759716 0.2844492584 0.2128518025 0.1964819752 0.2004097176 0.2312284537 0.0287138955 0.0285901556 0.0310474923 0.0273428734 0.131629794 0.1953485014 -0.007534809 1.3642867951 -1.9808932059 0.0706124108 0.2837973543 0.0273620559 0.8333333333 0.0 -0.0042372881 -0.0125939366 235 6019883
FY2023 Standalone Japanese GAAP 8341989000 2273265000 2367502000 1777977000 10587565000 2416864000 8170700000 7635518000 8170700000 1698915000 -92526000 -115718000 1606389000 4844573000 463.05 8.0 3704.400 14224896000.000 2127.97 60.0 3840000 0.7717260768 0.772 0.2176039997 0.1679306809 0.2725087506 0.2838054569 0.21313586 0.2036582642 0.1925666649 0.1295756398 0.187797733 0.432784825 0.3929407529 0.5228507655 0.2377238133 0.2786882065 0.3638520191 0.1072882697 -0.509496478 0.4066108712 0.444458723 0.5228401355 0.0 1.0 0.0488888889 0.1238090323 236 6096664
FY2022 Standalone Japanese GAAP 7023072000 1586606000 1699643000 1167532000 8554061000 2164153000 6389908000 5972885000 6389908000 1245674000 -103646000 -76660000 1142028000 3353902000 304.07 9.8 2979.886 5721381120.000 1664.17 60.0 1920000 0.7470028563 0.747 0.1827149937 0.1364886222 0.2259133895 0.2420084829 0.1662423509 0.1773688209 0.1626108916 0.1973229848 0.2557450687 0.9459487967 0.8362984979 1.0610440689 0.2664234511 0.2103517439 0.0281452062 -0.9176302984 -0.1420994607 -0.0133880478 0.4655242177 0.0305361621 0.5 0.0 0.0514018692 0.0412667946 225 5425000
FY2021 Standalone Japanese GAAP 5592753000 815338000 925581000 566476000 6754503000 1475121000 5279381000 4882147000 5279381000 1211574000 -54049000 -67122000 1157525000 2288534000 295.06 11.7 3452.202 6628227840.000 2749.89 40.0 1920000 0.7816090984 0.782 0.1072997005 0.0838664221 0.1457847325 0.1654964916 0.1012875055 0.2166328461 0.2069687326 0.1355656477 0.2611395811 3.8153104735 2.5296802782 2.2661773439 0.1735281562 0.0925050539 18.59239315 0.4630218372 0.0025559485 30.8215895917 0.9100850324 2.2661058224 0.1428571429 0.0 -0.0138248848 0.0096899225 214 5210000
FY2020 Standalone Japanese GAAP 4434682000 169322000 262228000 173437000 5755723000 923359000 4832363000 4382866000 4832363000 61839000 -100654000 -67294000 -38815000 1198132000 90.34 30.4 2746.336 5272965120.000 2517.05 35.0 1920000 0.8395753236 0.84 0.0358907226 0.0301329651 0.0381813172 0.0591311846 0.0391092304 0.0139444046 -0.0087526005 0.3874252823 -0.0953703097 -0.7055561449 -0.6143995083 -0.5820946231 0.0121433149 0.0263273981 -0.8766193474 0.7373501207 -0.0029808925 -1.3289964401 -0.0813561921 -0.5820881713 0.0 0.0 0.0046296296 -0.0114942529 217 5160000
FY2019 Standalone Japanese GAAP 4902207000 575057000 680051000 415015000 5686668000 978265000 4708403000 4276624000 4708403000 501205000 -383225000 -67094000 117980000 1304240000 216.17 13.3 2875.061 5520117120.000 2452.48 35.0 1920000 0.8279721974 0.828 0.0881434745 0.0729803463 0.117305736 0.1387234362 0.0846588078 0.1022406847 0.0240667112 0.1619096082 0.0411520152 0.1390425068 0.1563133374 0.1003072795 0.0551500713 0.0974799514 -0.0603193233 -3.9977177882 -0.1602137336 -0.74166736 0.0405990322 0.1003257661 0.0 0.1134020619 216 5220000
FY2018 Standalone Japanese GAAP 4708445000 504860000 588120000 377181000 5389440000 1099245000 4290195000 3928803000 4290195000 533378000 -76680000 -57829000 456698000 1253355000 196.46 12.8 2514.688 2234.65 35.0 0.7960372506 0.796 0.0879169828 0.0699851933 0.1072243596 0.1249074801 0.080107339 0.1132811363 0.0969955049 0.1781533137 0.0823780089 0.4214121211 0.3485093757 0.3885683993 0.0877440488 0.0547314355 0.8397991108 0.8850836545 -0.002531075 2.2102544805 0.4667940727 0.3886061634 0.1666666667 0.0264550265 194
FY2017 Standalone Japanese GAAP 4350093000 355182000 436126000 271633000 4954695000 887124000 4067571000 3609379000 4067571000 289911000 -667268000 -57683000 -377357000 854486000 141.48 13.7 1938.276 2118.61 30.0 0.8209528538 0.821 0.0667801496 0.0548233544 0.0816492889 0.1002567072 0.0624430328 0.0666447821 -0.086746881 0.2120441052 0.0845158874 0.0262735886 0.0884483111 0.2008956992 0.0935976346 0.1015173729 -0.0339584541 -2.5056082966 0.0062536609 -4.4380506382 -0.3373647857 0.2009167303 0.0 0.0862068966 189
FY2016 Standalone Japanese GAAP 4011092000 346089000 400686000 226192000 4530638000 837939000 3692698000 3395344000 3692698000 300102000 -190343000 -58046000 109759000 1289527000 117.81 12.5 1472.625 1923.36 30.0 0.8150503307 0.815 0.0612538583 0.0499249775 0.0862829873 0.0998944926 0.056391626 0.0748180296 0.02736387 0.2546473135 174

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Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp