Company profile

Ray Corporation

EDINET
E05230
Securities
4317
Industry
Services
Latest annual securities report
2026-05-29 Annual Securities Report PDF HTML
Latest financial report
—
Latest filing
2026-05-29 Extraordinary Report PDF HTML
Compare this company

Industry position

Services

View details
Profitability Strong Current Top 26% 5-year trend Improving
Financial strength Strong Based on Equity ratio Current Top 24% 5-year trend Improving
Growth Very strong Based on Revenue growth Current Top 6% 5-year trend Broadly stable
Cash generation Strong Current Top 27% 5-year trend Improving

Latest half-year results

H1 FY2026

2025/03/01 - 2025/08/31

Consolidated · Japanese GAAP · Cumulative YTD

For H1 FY2026, revenue was ¥5.85 billion. Operating income was ¥708.12 million. Net income was ¥547.92 million.

Revenue ¥5.85B
Operating income ¥708.12M
Net income ¥547.92M
Operating cash flow ¥1.08B
Free cash flow ¥462.32M
Total assets ¥10.13B

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 ¥13.42 billion, up 28.3% year over year. Operating income was ¥1.76 billion, up 89.4% year over year. Operating margin was 13.1%. Net income was ¥1.3 billion, up 74.9% year over year. ROE was 16.8%; equity ratio was 71.3%; free cash flow was ¥830.6 million.

Revenue ¥13.42B up 28.3% year over year
Operating income ¥1.76B up 89.4% year over year
Net income ¥1.3B up 74.9% year over year
Total assets¥10.91B
Total equity—
Operating cash flow¥2.34B
Free cash flow¥830.6M

Industry position details

Services

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Strong

Operating margin Top 26% / ROE Top 26%

Financial strength Strong
Based on Equity ratio

Equity ratio Top 25%

Growth Very strong
Based on Revenue growth

Revenue growth Top 7%

Cash generation Strong

Operating cash flow margin Top 20% / Free cash flow margin Top 35%

Profitability Industry position history Improving
2026 Top 26% 2025 Top 45% 2023 Top 37% 2022 Bottom 48%
Financial strength Industry position history Improving
2026 Top 24% 2025 Top 19% 2023 Top 35% 2022 Top 45%
Growth Industry position history Broadly stable
2026 Top 6% 2023 Top 38% 2022 Top 7%
Cash generation Industry position history Improving
2026 Top 27% 2025 Top 25% 2023 Top 50% 2022 Top 41%
Profitability Operating margin 13.1% Industry median 7.4% Top 26% Comparison sample 321
Profitability ROE 16.8% Industry median 10.2% Top 26% Comparison sample 324
Financial strength Equity ratio 71.3% Industry median 55.5% Top 25% Comparison sample 324
Growth Revenue growth +28.3% Industry median +6.8% Top 7% Comparison sample 307
Cash generation Operating cash flow margin 17.5% Industry median 7.9% Top 20% Comparison sample 320
Cash generation Free cash flow margin 6.2% Industry median 2.9% Top 35% Comparison sample 320

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 13419035000 1756951000 1909321000 1303847000 1303847000 1310554000 10906533000 3133594000 7772939000 7766617000 7772939000 2341903000 -1511308000 -637582000 830595000 3060349000 98.59 7.0 690.130 9888856206.880 590.83 14328976 0.7126865155 0.713 0.1677418284 0.1195473392 0.1309297576 0.1422845234 0.0971639913 0.1745209697 0.0618967757 0.2832642278 0.8944175124 0.8177517553 0.7487757804 0.1957662995 0.1438611274 0.3888865496 -0.8071686088 0.2158029514 -0.0227006382 0.0673143991 0.8227029026 0.0 0.0521091811 424
FY2025 Consolidated Japanese GAAP 10456954000 927436000 1050375000 745577000 745577000 743621000 9120957000 2325605000 6795352000 6795737000 6795352000 1686173000 -836285000 -813038000 849888000 2867336000 54.09 7.6 411.084 5890412769.984 505.96 14328976 0.7450262072 0.745 0.1097186724 0.0817432864 0.0886908367 0.1004475108 0.0712996347 0.1612489641 0.0812749105 403
FY2023 Consolidated Japanese GAAP 12450147000 1398539000 1401185000 715544000 715544000 715875000 9582663000 3537291000 6045372000 6045967000 6045372000 721295000 -170413000 -1018610000 550882000 3139471000 49.94 9.1 454.454 6511860459.104 421.9 14328976 0.6308655538 0.631 0.1183622778 0.0746706839 0.1123311235 0.1125436511 0.0574727351 0.0579346573 0.0442470278 0.1265146014 0.5053933235 0.3597625533 0.7058328506 -0.0213222001 0.1046242261 -0.2985531403 -2.4688256967 -1.6219520043 -0.4373984471 -0.1296656327 0.7061838059 0.0 0.0336787565 399
FY2022 Consolidated Japanese GAAP 11051918000 929019000 1030463000 419469000 419469000 414328000 9791438000 4318652000 5472786000 5473712000 5472786000 1028296000 -49127000 -388493000 979169000 3607201000 29.27 11.6 339.532 4865145879.232 381.94 14328976 0.5589358785 0.559 0.076646337 0.0428403877 0.084059527 0.0932383863 0.0379544076 0.0930423118 0.088597201 0.5687140012 2.3128783811 3.0743177957 2.1399326588 0.1321649504 0.0667986718 0.20995644 0.6713429401 -2.4759755481 0.3980459291 0.1958133946 2.1397975078 0.0 0.0 386
FY2021 Consolidated Japanese GAAP 7045209000 -707620000 -496772000 -367977000 -367977000 -365567000 8648420000 3518318000 5130102000 5125887000 5130102000 849862000 -149478000 263211000 700384000 3016525000 -25.68 358.02 14328976 0.593183726 0.593 -0.0717289832 -0.0425484655 -0.1004398876 -0.0705120317 -0.0522308139 0.1206297783 0.0994128066 386
FY2019 Consolidated Japanese GAAP 11471222000 896527000 882692000 609594000 609594000 581761000 8878715000 3897476000 4981238000 4958231000 4981238000 2001858000 -301754000 -1173768000 1700104000 1675002000 42.54 7.4 314.796 347.64 0.5610314105 0.561 0.1223780112 0.0686579083 0.078154446 0.0769483844 0.0531411562 0.1745113119 0.1482060063 -0.0407917751 0.5549722056 0.6540344039 0.6279064799 0.008691338 0.1100615441 2.584835179 -0.2559163594 -2.2938165593 4.3435840054 0.4582150077 0.496833216 -0.0357142857 405
FY2018 Consolidated Japanese GAAP 11959053000 576555000 533660000 374465000 374465000 344495000 8802212000 4314859000 4487353000 4434529000 4487353000 558424000 -240266000 -356355000 318158000 1148666000 28.42 25.4 721.868 313.04 0.5097983325 0.51 0.0834489731 0.0425421474 0.0482107572 0.0446239347 0.0313122619 0.0466946672 0.026603946 0.0569549386 0.5872782083 0.509219457 0.7197488794 0.0380986717 0.2036729658 -0.5404409405 -0.5980658206 0.5539920499 -0.7011989309 -0.0321839739 0.6826524571 0.0473815461 420
FY2017 Consolidated Japanese GAAP 11314629000 363235000 353600000 217744000 217744000 243320000 8479167000 4751117000 3728050000 3645258000 3728050000 1215130000 -150348000 -798988000 1064782000 1186864000 16.89 18.7 315.843 289.01 0.4396717272 0.439 0.058406942 0.0256798811 0.0321031295 0.0312515771 0.0192444666 0.1073945951 0.0941066649 401

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