Company profile

HORAI Co.,Ltd.

EDINET
E04691
Securities
9679
Industry
Services
Latest annual securities report
2025-12-16 Annual Securities Report PDF HTML
Latest financial report
2026-05-01 Semiannual Securities Report PDF HTML
Latest filing
—
Compare this company

Industry position

Services

View details
Profitability Average Current Bottom 47% 5-year trend Broadly stable
Financial strength Below average Based on Equity ratio Current Bottom 44% 5-year trend Broadly stable
Growth Average Current Top 47% 5-year trend Improving
Cash generation Average Current Top 47% 5-year trend Deteriorating

Latest half-year results

H1 FY2026

2025/10/01 - 2026/03/31

Standalone · Japanese GAAP · Cumulative YTD

For H1 FY2026, revenue was ¥3.05 billion, up 16.0% year over year. Operating income was ¥290.6 million, up 81.5% year over year. Net income was ¥223.59 million, up 85.6% year over year.

Revenue ¥3.05B up 16.0% year over year
Operating income ¥290.6M up 81.5% year over year
Net income ¥223.59M up 85.6% year over year
Operating cash flow ¥471.24M
Free cash flow -¥23.31M
Total assets ¥19.51B

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 ¥6.11 billion, up 11.5% year over year. Operating income was ¥616.77 million, up 7.9% year over year. Operating margin was 10.1%. Net income was ¥497.92 million, up 61.6% year over year. ROE was 5.0%; equity ratio was 50.1%; free cash flow was -¥156.58 million.

Revenue ¥6.11B up 11.5% year over year
Operating income ¥616.77M up 7.9% year over year
Net income ¥497.92M up 61.6% year over year
Total assets¥19.71B
Total equity—
Operating cash flow¥938.92M
Free cash flow-¥156.58M

Industry position details

Services

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Average

Operating margin Top 35% / ROE Bottom 75%

Financial strength Below average
Based on Equity ratio

Equity ratio Bottom 58%

Growth Average

Revenue growth Top 38% / 3-year revenue CAGR Bottom 58%

Cash generation Average

Operating cash flow margin Top 23% / Free cash flow margin Bottom 71%

Profitability Industry position history Broadly stable
2025 Bottom 46% 2024 Bottom 45% 2023 Bottom 47% 2022 Bottom 44% 2021 Bottom 37%
Financial strength Industry position history Broadly stable
2025 Bottom 43% 2024 Bottom 43% 2023 Bottom 44% 2022 Bottom 39% 2021 Bottom 36%
Growth Industry position history Improving
2025 Top 44% 2024 Bottom 37% 2023 Bottom 38% 2022 Bottom 25% 2021 Bottom 43%
Cash generation Industry position history Deteriorating
2025 Top 48% 2024 Bottom 45% 2023 Top 40% 2022 Top 44% 2021 Top 18%
Profitability Operating margin 10.1% Industry median 7.8% Top 35% Comparison sample 232
Profitability ROE 5.0% Industry median 10.5% Bottom 75% Comparison sample 232
Financial strength Equity ratio 50.1% Industry median 55.4% Bottom 58% Comparison sample 232
Growth Revenue growth +11.5% Industry median +7.8% Top 38% Comparison sample 220
Growth 3-year revenue CAGR +7.4% Industry median +8.9% Bottom 58% Comparison sample 189
Cash generation Operating cash flow margin 15.4% Industry median 8.1% Top 23% Comparison sample 232
Cash generation Free cash flow margin -2.6% Industry median 3.4% Bottom 71% Comparison sample 232

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 6111745000 616770000 734892000 497924000 19706820000 9841790000 9865029000 9455035000 9865029000 938917000 -1095499000 -346026000 -156582000 1817639000 118.89 16.7 1985.463 8362770156.000 2355.5 24.0 4212000 0.5005895928 0.501 0.0504736479 0.0252665828 0.1009155323 0.1202425821 0.0814700221 0.1536250285 -0.0256198516 0.2018672723 0.1152434706 0.0794883732 0.014275087 0.6163057556 -0.0046902764 0.0517251066 0.2775632443 -0.0138111654 -2.9967454341 0.5469886908 -0.2166186546 -0.4612072872 -0.6363636364 2.0 -0.0127388535 0.0475251076 155 5841000
FY2024 Standalone Japanese GAAP 5480189000 571354000 724549000 308063000 19799686000 10419831000 9379855000 9049618000 9379855000 734928000 -1080575000 173295000 -345647000 2320248000 220.66 22.2 4898.652 6877707408.000 6718.62 66.0 1404000 0.4737375633 0.474 0.032843045 0.0155589841 0.1042580831 0.1322124109 0.0562139371 0.1341063237 -0.0630720948 0.2991026919 0.0568269826 0.0830985862 -0.0273191399 -0.3995400014 0.0501608257 0.0302298041 0.1185897387 -1.1503680546 1.4780406664 -3.2371105329 -0.0691450971 -0.3995319473 0.1 0.0 -0.01875 0.0121619169 157 5576000
FY2023 Standalone Japanese GAAP 5185512000 527518000 744899000 513045000 18853956000 9749331000 9104624000 8825320000 9104624000 657013000 -502507000 -362511000 154506000 2492599000 367.48 9.0 3307.320 4643477280.000 6521.48 60.0 1404000 0.4829025802 0.483 0.0563499382 0.0272115306 0.1017292024 0.1436500388 0.0989381569 0.1267016642 0.0297957077 0.1632741918 0.05021071 0.1888640482 0.0911888833 0.0893484654 -0.0012539711 0.0590921025 0.0586414531 -0.1704337416 0.2405951877 -0.1922733095 -0.0770220006 0.0894106486 0.0909090909 0.0 -0.1061452514 0.0128700129 160 5509000
FY2022 Standalone Japanese GAAP 4937592000 443716000 682649000 470965000 18877628000 10280997000 8596631000 8389189000 8596631000 620619000 -429334000 -477362000 191285000 2700605000 337.32 8.9 3002.148 4215015792.000 6157.42 55.0 1404000 0.4553872446 0.455 0.0547848337 0.0249483145 0.0898648572 0.1382554492 0.0953835392 0.1256926453 0.038740544 0.1630499229 0.0187439199 1.1436487577 0.9049198992 1.2004008671 -0.0075688169 0.0583085713 -0.3001716252 -0.7385251445 0.36524387 -0.7010531942 -0.0957845208 1.2005349338 0.1 0.0 -0.0578947368 0.0435533384 179 5439000
FY2021 Standalone Japanese GAAP 4846745000 206991000 358361000 214036000 19021599000 10898607000 8122991000 7988390000 8122991000 886816000 -246953000 -752040000 639863000 2986683000 153.29 20.2 3096.458 4347427032.000 5817.7 50.0 1404000 0.4270403871 0.427 0.0263494075 0.0112522612 0.042707219 0.0739384886 0.0441607718 0.1829714582 0.132019118 0.3261791376 0.0271199795 2.4401076997 0.9771532295 0.2538061848 -0.0094210615 0.0274518281 3.6195386647 0.9520107439 -1.3144951555 1.1166665603 -0.0361994411 0.2539059305 0.0 0.0 -0.0155440415 0.0209598433 190 5212000
FY2020 Standalone Japanese GAAP 4718772000 -143733000 181251000 170709000 19202507000 11296548000 7905958000 7844350000 7905958000 -338539000 -5146006000 2391261000 -5484545000 3098860000 122.25 24.7 3019.575 4239483300.000 5662.01 50.0 1404000 0.411714887 0.412 0.0215924496 0.008889933 -0.0304598315 0.0384106289 0.0361765731 -0.0717430298 -1.1622822633 0.408997955 -0.1261148177 -1.8941900324 -0.4986723534 -0.4364905146 -0.0681457566 0.0073391148 -2.1318248531 -2.7242029089 9.6772250425 -2.6702434464 -0.4995497521 -0.4364801328 0.0 0.0 -0.0492610837 0.0298567682 193 5105000
FY2019 Standalone Japanese GAAP 5399762000 160741000 361542000 302939000 20606771000 12758413000 7848358000 7743804000 7848358000 299109000 2984571000 -275579000 3283680000 6192144000 216.94 13.4 2906.996 4081422384.000 5620.29 50.0 1404000 0.3808630668 0.381 0.0385990292 0.0147009447 0.0297681639 0.0669551732 0.0561022875 0.055392997 0.608115691 0.2304784733 0.0120197637 -0.2923045088 -0.1616922806 -0.1147285644 0.1471409586 0.0291878416 -0.4876787975 1.6913437191 -0.1694717455 0.9398115411 0.9447425804 -0.1146028896 0.0 0.0252525253 203 4957000
FY2018 Standalone Japanese GAAP 5335629000 227133000 431276000 342199000 17963591000 10337813000 7625778000 7510824000 7625778000 583831000 1108952000 -235644000 1692783000 3184043000 245.02 10.3 2523.706 5460.68 50.0 0.4245130052 0.425 0.0448739788 0.0190495876 0.0425691142 0.080829458 0.0641347065 0.1094212135 0.3172602518 0.2040649743 0.0029440032 -0.1646051485 -0.1011974975 -0.0880845723 0.0376213301 0.0403166496 -0.0279980954 10.1764958998 0.8458670518 2.5280939389 0.8437879835 -0.0878224936 0.0 0.0476190476 198
FY2017 Standalone Japanese GAAP 5319967000 271887000 479834000 375253000 17312280000 9982032000 7330247000 7239545000 7330247000 600648000 -120847000 -1528836000 479801000 1726903000 268.61 8.5 2283.185 5247.45 50.0 0.4234131495 0.423 0.0511924087 0.021675539 0.051106896 0.0901949204 0.0705367157 0.1129044597 0.0901887173 0.1861434794 0.0041743333 0.1204211567 0.0265278093 0.0943192091 -0.0559440102 0.0491693163 0.1398641609 -1.5759940135 -3.5252184414 -0.3487627468 -0.3779028926 9.945802771 9.0 0.1962025316 189
FY2016 Standalone Japanese GAAP 5297852000 242665000 467434000 342910000 18338192000 11351477000 6986715000 6934543000 6986715000 526947000 209806000 -337848000 736753000 2775938000 24.54 8.6 211.044 500.09 5.0 0.3809925755 0.381 0.0490802902 0.0186992262 0.0458044128 0.0882308528 0.0647262324 0.0994642734 0.1390663612 0.2037489813 158

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