Company profile

CHANGE Holdings, Inc.

EDINET
E32620
Securities
3962
Industry
Information & Communication
Latest annual securities report
2026-07-03 Amended Annual Securities Report PDF HTML
Latest financial report
—
Latest filing
2026-09-04 Treasury Share Repurchase Status Report PDF HTML
Compare this company

Industry position

Information & Communication

View details
Profitability Strong Current Top 25% 5-year trend Broadly stable
Financial strength Weak Based on Equity ratio Current Bottom 21% 5-year trend Deteriorating
Growth Strong Current Top 17% 5-year trend Deteriorating
Cash generation Strong Current Top 30% 5-year trend Deteriorating

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Consolidated · IFRS · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2026

Consolidated IFRS

Revenue reached ¥52.83 billion, up 13.9% year over year. Operating income was ¥11.23 billion, down 16.9% year over year. Operating margin was 21.2%. Net income was ¥6.94 billion, down 7.9% year over year. ROE was 14.8%; equity ratio was 44.3%; free cash flow was ¥4.41 billion.

Revenue ¥52.83B up 13.9% year over year
Operating income ¥11.23B down 16.9% year over year
Net income ¥6.94B down 7.9% year over year
Total assets¥105.61B
Total equity¥54.78B
Operating cash flow¥7.25B
Free cash flow¥4.41B

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 35%

Financial strength Weak
Based on Equity ratio

Equity ratio Bottom 80%

Growth Strong

Revenue growth Top 32% / 3-year revenue CAGR Top 3%

Cash generation Strong

Operating cash flow margin Top 32% / Free cash flow margin Top 29%

Profitability Industry position history Broadly stable
2026 Top 25% 2025 Top 14% 2024 Top 30% 2023 Top 27% 2022 Top 28%
Financial strength Industry position history Deteriorating
2026 Bottom 21% 2025 Bottom 18% 2024 Bottom 22% 2023 Top 42% 2022 Top 22%
Growth Industry position history Deteriorating
2026 Top 17% 2025 Top 9% 2024 Top 1% 2023 Top 2% 2022 Top 2%
Cash generation Industry position history Deteriorating
2026 Top 30% 2025 Bottom 45% 2024 Top 42% 2023 Bottom 9% 2022 Top 4%
Profitability Operating margin 21.2% Industry median 8.9% Top 16% Comparison sample 344
Profitability ROE 14.8% Industry median 11.4% Top 35% Comparison sample 347
Financial strength Equity ratio 44.3% Industry median 66.2% Bottom 80% Comparison sample 347
Growth Revenue growth +13.9% Industry median +8.7% Top 32% Comparison sample 329
Growth 3-year revenue CAGR +38.2% Industry median +7.9% Top 3% Comparison sample 278
Cash generation Operating cash flow margin 13.7% Industry median 8.2% Top 32% Comparison sample 344
Cash generation Free cash flow margin 8.3% Industry median 4.1% Top 29% Comparison sample 344

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 IFRS 52827000000 11225000000 11020000000 6937000000 6937000000 7435000000 105605000000 54781000000 46755000000 46755000000 7253000000 -2844000000 -8415000000 4409000000 26181000000 99.71 9.33 930.2943 68704431410.1366 73852362 0.442734719 0.4427 0.1483691584 0.0656881776 0.2124860393 0.1313154258 0.1372972154 0.0834611089 0.1388320003 -0.1694413615 -0.135347195 -0.0789962825 0.0077774597 0.1333446454 -0.0744002042 0.7980257084 -7.3557401813 1.7060048038 -0.1326486666 -0.0723788259 0.0 -0.0062154696 1439
FY2025 Consolidated IFRS 46387000000 13515000000 12745000000 7532000000 7532000000 8009000000 104790000000 49673000000 41254000000 41254000000 7836000000 -14081000000 1324000000 -6245000000 30185000000 107.49 11.65 1252.2585 92482248059.5770 73852362 0.3936826033 0.3937 0.182576235 0.0718770875 0.2913531808 0.1623730787 0.1689266389 -0.1346282364 0.2531946508 0.7872256017 0.7155741015 0.7415028902 0.173131822 0.0431110774 -0.3507870754 -0.0244452528 -0.9257306333 -2.728358209 -0.2139936984 0.7980930077 0.0119706059 0.3545369504 1448
FY2024 Consolidated IFRS 37015000000 7562000000 7429000000 4325000000 4325000000 4401000000 89325000000 47662000000 39549000000 39549000000 12070000000 -13745000000 17827000000 -1675000000 38403000000 59.78 20.96 1252.9888 91441571423.8656 72978762 0.4427539882 0.4428 0.1093580116 0.0484186958 0.2042955559 0.1168445225 0.32608402 -0.0452519249 0.8488087508 0.3197207679 0.3141694675 0.1216286307 0.6871918856 0.0842174521 11.5599300087 -0.7438467394 10.0864427861 0.8144044321 0.6720219436 0.1213655974 0.0001534929 1.2505263158 1069
FY2023 Consolidated IFRS 20021000000 5730000000 5653000000 3856000000 3856000000 3910000000 52943000000 39331000000 36477000000 36477000000 -1143000000 -7882000000 1608000000 -9025000000 22968000000 53.31 43.99 2345.1069 171116733122.3778 72967562 0.6889862683 0.689 0.1057104477 0.0728330469 0.2861994905 0.1925977723 -0.0570900554 -0.4507766845 0.9744575937 0.2505456133 0.2386064855 0.2466860653 0.2390703988 0.089516129 -1.3054516301 -9.0535714286 7.6721991701 -4.0510480054 -0.244647614 0.2452697968 0.0001096498 0.4481707317 475
FY2022 Consolidated IFRS 10140000000 4582000000 4564000000 3093000000 3093000000 3156000000 42728000000 35506000000 33480000000 33480000000 3742000000 -784000000 -241000000 2958000000 30407000000 42.81 46.41 1986.8121 144956940592.3002 72959562 0.7835611309 0.7836 0.0923835125 0.0723881296 0.4518737673 0.3050295858 0.3690335306 0.2917159763 3.1169305725 5.5457142857 5.7019089574 5.842920354 0.1457070842 0.1424281717 0.1752512563 0.1668437832 -1.0160859698 0.3187695051 0.2249033194 5.3705357143 0.0047372766 328
FY2021 Consolidated IFRS 2463000000 700000000 681000000 452000000 452000000 446000000 37294000000 29296000000 29306000000 29306000000 3184000000 -941000000 14982000000 2243000000 24824000000 6.72 72615562 0.7858100499 0.7858 0.0154234628 0.0121199121 0.2842062525 0.1835160374 1.2927324401 0.9106780349 -0.6017962015 -0.7318538818 -0.6030951553 1.7619428069 2.6801917628 0.0189533646 -7.0368962719 88.9989662383 -0.2542449521 2.7489032223 38.3333333333 3.6047814783
FY2020 Consolidated IFRS 6185275000 2610517000 2623482000 1138812000 1138812000 1662625000 13502814000 5539641000 7963172000 6713917000 7963172000 3124775000 -117085000 -170252000 3007690000 6621670000 -0.18 15769600 0.5897416642 0.4978 0.1430098458 0.0843388645 0.4220535061 0.4241496134 0.1841166318 0.5051958078 0.4862661725 0.6872929168 3.565708699 4.9471182291 6.2403440844 0.5843919462 2.4507008502 13.5721188664 0.9615348857 -1.0395325623 1.9135042787 2.1991355816 -1.0244233379
FY2019 Consolidated IFRS 3665798000 571766000 441135000 157287000 157287000 98925000 8522395000 6214697000 2307697000 1619354000 2307697000 -248548000 -3043927000 4306627000 -3292475000 2069831000 7.37 0.2707803382 0.1973 0.0681575614 0.0184557275 0.1559731333 0.1203380546 0.0429066195 -0.0678018811 -0.8981605097
FY2018 Standalone IFRS 1159508000 201498000 202043000 135954000 1806032000 566373000 1239659000 1236195000 1239659000 -175402000 -174628000 88530000 -350030000 716799000 35.42 0.6863992443 0.6845 0.109670482 0.0752777359 0.1737788786 0.1742489056 0.1172514549 -0.1512727812 -0.3018780379 0.2432975519 0.2856951437 0.333018843 0.3351468667 0.4159592876 0.298367273 -4.371105687 -2.1080340298 1.8680186601 -83.2430806258 -0.0793402272 0.4055555556
FY2017 Standalone Japanese GAAP 932607000 156723000 151568000 101827000 1275483000 320699000 954783000 954783000 954783000 52031000 -56186000 30868000 -4155000 778571000 25.2 0.7485658374 0.7486 0.1066493643 0.0798340707 0.1680482776 0.1625207617 0.1091853267 0.0557909173 -0.0044552529

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