Company profile

HAPPINET CORPORATION

EDINET
E02869
Securities
7552
Industry
Wholesale Trade
Latest annual securities report
2026-06-17 Annual Securities Report PDF HTML
Latest financial report
—
Latest filing
2026-06-18 Extraordinary Report PDF HTML
Compare this company

Industry position

Wholesale Trade

View details
Profitability Strong Current Top 27% 5-year trend Improving
Financial strength Below average Based on Equity ratio Current Bottom 33% 5-year trend Deteriorating
Growth Very strong Current Top 8% 5-year trend Improving
Cash generation Above average Current Top 42% 5-year trend Broadly stable

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Consolidated · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2026

Consolidated Japanese GAAP

Revenue reached ¥439.05 billion, up 20.5% year over year. Operating income was ¥15.59 billion, up 33.5% year over year. Operating margin was 3.6%. Net income was ¥10.1 billion, up 49.3% year over year. ROE was 16.7%; equity ratio was 41.6%; free cash flow was ¥14.65 billion.

Revenue ¥439.05B up 20.5% year over year
Operating income ¥15.59B up 33.5% year over year
Net income ¥10.1B up 49.3% year over year
Total assets¥144B
Total equity—
Operating cash flow¥15.83B
Free cash flow¥14.65B

Industry position details

Wholesale Trade

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Strong

Operating margin Top 48% / ROE Top 8%

Financial strength Below average
Based on Equity ratio

Equity ratio Bottom 68%

Growth Very strong

Revenue growth Top 7% / 3-year revenue CAGR Top 11%

Cash generation Above average

Operating cash flow margin Top 46% / Free cash flow margin Top 39%

Profitability Industry position history Improving
2026 Top 27% 2025 Top 36% 2024 Top 41% 2023 Bottom 39% 2022 Bottom 46%
Financial strength Industry position history Deteriorating
2026 Bottom 33% 2025 Bottom 41% 2024 Bottom 43% 2023 Bottom 50% 2022 Top 45%
Growth Industry position history Improving
2026 Top 8% 2025 Top 40% 2024 Top 18% 2023 Top 35% 2022 Top 33%
Cash generation Industry position history Broadly stable
2026 Top 42% 2025 Top 33% 2024 Bottom 31% 2023 Top 48% 2022 Bottom 50%
Profitability Operating margin 3.6% Industry median 3.3% Top 48% Comparison sample 236
Profitability ROE 16.7% Industry median 7.7% Top 8% Comparison sample 242
Financial strength Equity ratio 41.6% Industry median 51.0% Bottom 68% Comparison sample 242
Growth Revenue growth +20.5% Industry median +3.8% Top 7% Comparison sample 241
Growth 3-year revenue CAGR +12.6% Industry median +3.5% Top 11% Comparison sample 225
Cash generation Operating cash flow margin 3.6% Industry median 3.3% Top 46% Comparison sample 242
Cash generation Free cash flow margin 3.3% Industry median 2.0% Top 39% Comparison sample 242

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
FY2026 Consolidated Japanese GAAP 439052000000 15590000000 15701000000 10096000000 10096000000 9382000000 144003000000 83717000000 60285000000 55539000000 60285000000 15831000000 -1184000000 -4798000000 14647000000 50825000000 230.91 11.6 2678.556 128838543600.000 1382.59 48100000 0.4186371117 0.416 0.1674711786 0.0701096505 0.0355083225 0.0357611399 0.0229949983 0.0360572324 0.0333605131 0.2048032754 0.3351031943 0.3124634289 0.4926079243 0.1856782927 0.0828603248 -0.1263727167 0.5774446824 -0.2016028049 -0.0438670932 0.2403299412 -0.2474089042 1.0 -0.0089047195 1113
FY2025 Consolidated Japanese GAAP 364418000000 11677000000 11963000000 6764000000 6764000000 8350000000 121452000000 65780000000 55672000000 50212000000 55672000000 18121000000 -2802000000 -3993000000 15319000000 40977000000 306.82 16.8 5154.576 123967552800.000 2518.49 24050000 0.4583868524 0.455 0.1214973416 0.055692784 0.0320428738 0.0328276869 0.0185611029 0.0497258643 0.0420368917 0.0398246881 0.3454315013 0.3330733229 0.0278073241 0.0708636424 0.0852453264 1.1673244827 0.4478817734 -1.6961512492 3.6618989653 0.3819303926 0.038448521 0.0 0.038852914 1123
FY2024 Consolidated Japanese GAAP 350461000000 8679000000 8974000000 6581000000 6581000000 7547000000 113415000000 62115000000 51299000000 47425000000 51299000000 8361000000 -5075000000 -1481000000 3286000000 29652000000 295.46 10.2 3013.692 72479292600.000 2281.9 24050000 0.4523123044 0.449 0.1282871011 0.0580258343 0.0247645244 0.0256062729 0.0187781237 0.0238571482 0.0093762216 0.1406267799 0.4856213625 0.4488214401 0.848076383 0.2030230708 0.1346073032 0.2397686833 -5.5653298836 -0.0185694635 -0.4496734215 0.0648567119 0.8378949988 0.0 0.15 1081
FY2023 Consolidated Japanese GAAP 307253000000 5842000000 6194000000 3561000000 3561000000 3157000000 94275000000 49061000000 45213000000 42187000000 45213000000 6744000000 -773000000 -1454000000 5971000000 27846000000 160.76 11.6 1864.816 44848824800.000 2014.27 24050000 0.4795863166 0.474 0.0787605335 0.0377724741 0.0190136467 0.0201592824 0.0115897973 0.0219493382 0.0194334962 0.0878484356 0.0478923767 0.058260721 0.0019696117 0.104893056 0.0395226928 0.8172999192 0.3745954693 -0.3170289855 1.4125252525 0.1935705101 -0.0055672399 0.0 -0.0042372881 940
FY2022 Consolidated Japanese GAAP 282441000000 5575000000 5853000000 3554000000 3554000000 3611000000 85325000000 41831000000 43494000000 39875000000 43494000000 3711000000 -1236000000 -1104000000 2475000000 23330000000 161.66 9.3 1503.438 36157683900.000 1943.8 24050000 0.5097450923 0.501 0.0817124201 0.0416525051 0.0197386357 0.020722912 0.012583159 0.0131390273 0.0087628921 0.0891895123 0.312073429 0.3545475584 0.3716711694 0.0285449088 0.0615283235 -0.6383745859 0.1937377691 0.0928512736 -0.7164623668 0.0729396615 0.3672192152 0.0 -0.0247933884 944
FY2021 Consolidated Japanese GAAP 259313000000 4249000000 4321000000 2591000000 2591000000 3874000000 82957000000 41984000000 40973000000 37373000000 40973000000 10262000000 -1533000000 -1217000000 8729000000 21744000000 118.24 13.0 1537.120 36967736000.000 1835.21 24050000 0.4939064817 0.485 0.0632367657 0.0312330484 0.0163856035 0.0166632602 0.009991786 0.0395737969 0.0336620223 0.1112763395 0.6520217729 0.7907169499 1.1168300654 0.1724708144 0.0732097019 10.7178030303 -0.4641833811 -0.095409541 5.1507370423 0.5278246206 1.1140711604 0.0 -0.0387288977 968
FY2020 Consolidated Japanese GAAP 233347000000 2572000000 2413000000 1224000000 1224000000 1186000000 70754000000 32575000000 38178000000 35975000000 38178000000 -1056000000 -1047000000 -1111000000 -2103000000 14232000000 55.93 19.6 1096.228 26364283400.000 1713.78 24050000 0.5395878678 0.531 0.0320603489 0.0172993753 0.0110222116 0.0103408229 0.0052454071 -0.0045254492 -0.0090123293 -0.0293305269 -0.4334801762 -0.4494638376 -0.5524680073 -0.0556437943 0.0051338757 -1.1329974811 -0.1044303797 -0.1098901099 -1.3007723112 -0.1842723677 -0.5538449266 0.0 0.0424430642 1007
FY2019 Consolidated Japanese GAAP 240398000000 4540000000 4383000000 2735000000 2735000000 2164000000 74923000000 36939000000 37983000000 35754000000 37983000000 7940000000 -948000000 -1001000000 6992000000 17447000000 125.36 11.4 1429.104 34369951200.000 1712.08 24050000 0.5069604794 0.499 0.0720058974 0.0365041443 0.0188853485 0.0182322648 0.0113769665 0.033028561 0.0290851005 0.2165459726 -0.0553474823 -0.0676451819 -0.3215083106 -0.0053104629 0.0350155322 0.7830675949 0.7529319781 -0.313648294 10.3506493506 0.5226915692 -0.3235119529 0.0020746888 966
FY2018 Consolidated Japanese GAAP 197607000000 4806000000 4701000000 4031000000 4031000000 5043000000 75323000000 38624000000 36698000000 33954000000 36698000000 4453000000 -3837000000 -762000000 616000000 11458000000 185.31 8.27 1532.5137 1659.28 0.4872084224 0.48 0.1098424982 0.0535161903 0.0243210008 0.0237896431 0.0203990749 0.0225346268 0.0031172985 0.13528746 0.299621417 0.3512503593 0.9759803922 0.2280189771 0.1357741945 0.4576104746 -2.4661246612 0.5655644242 -0.6837782341 -0.0126669539 1.0072573657 0.1435349941 964
FY2017 Consolidated Japanese GAAP 174059000000 3698000000 3479000000 2040000000 2040000000 2559000000 61337000000 29026000000 32311000000 30592000000 32311000000 3055000000 -1107000000 -1754000000 1948000000 11605000000 92.32 18.66 1722.6912 1464.82 0.5267782904 0.518 0.0631363932 0.0332588813 0.0212456696 0.0199874755 0.0117201639 0.0175515199 0.0111916074 -0.0705650544 0.071884058 -0.0051472691 -0.135226791 0.0800098604 0.0304895551 2.1237218814 0.7670454545 -1.5908419498 1.516163222 0.0169120224 -0.1128195272 -0.0453001133 843

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