Financials

Timee: FYE Oct 2025 and ten years of results (30 metrics)

FYE Oct 2025 · Revenue¥34bnYoY +27.6%

FYE Oct 2025 · Operating profit¥6.7bnYoY +58.9%

FYE Oct 2025 · Net profit¥5.3bnYoY +89.8%

FYE Oct 2025 · Equity ratio43.3%

FYE Oct 2025 · Group employees1,268

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive	That year
FYE Oct 2020Parent only	¥0.5bn	n/a	n/a	n/a	n/a	-¥1.2bn	Ogawa Ryo	April revenue falls to a third of pre-pandemic; pivot to logistics
FYE Oct 2020Parent only	¥0.5bn	−7.7%	n/a	n/a	n/a	-¥1.2bn	Ogawa Ryo	April revenue falls to a third of pre-pandemic; pivot to logistics
FYE Oct 2021Parent only	¥1.3bn	+181.6%	n/a	n/a	n/a	-¥1.4bn	Ogawa Ryo	Itochu capital and business alliance; Moriyasu Isao joins as COO
FYE Oct 2022Parent only	¥6.2bn	+378.5%	n/a	n/a	n/a	¥0.3bn	Ogawa Ryo	First profit: FY2022 ordinary profit of <span class="en-history_money" data-yen="115000000" data-year="2022">$875,390 (¥115m)</span>
FYE Oct 2023Parent only	¥16bn	+159.7%	¥2.0bn	n/a	12.1%	¥1.8bn	Ogawa Ryo	<span class="en-history_money" data-yen="13000000000" data-year="2023">$92.5M (¥13bn)</span> in bank borrowings; cumulative funding about <span class="en-history_money" data-yen="40300000000" data-year="2023">$286.8M (¥40bn)</span>
FYE Oct 2024Parent only	¥27bn	+66.5%	¥4.2bn	+117.0%	15.8%	¥2.8bn	Ogawa Ryo	IPO on TSE Growth; market cap <span class="en-history_money" data-yen="156900000000" data-year="2024">$1.0B (¥157bn)</span> on day one
FYE Oct 2025Consolidated	¥34bn	+27.6%	¥6.7bn	+58.9%	19.7%	¥5.3bn	Ogawa Ryo	Acquires Sukima Works — first M&A in eight years

How it compares

Recruit Holdings¥3.70tnFY2025Operating margin 17.1%Persol Holdings¥1.56tnFY2025Operating margin 4.3%

Goodwill Group, Inc.Delisted 2009

Pasona Group¥308bnFY2026Operating margin −0.4%

TechnoPro HoldingsDelisted 2025

Open Up Group¥167bnFY2026Operating margin 10.0%Meitec Group Holdings¥138bnFY2025Operating margin 14.5%Visional¥80bnFY2025Operating margin 26.7%

SMS Co., Ltd.¥65bnFY2025Operating margin 10.5%

Dip¥55bnFY2025Operating margin 16.6%

Timee¥34bnFY2025Operating margin 19.7%

Income statement Revenue, costs, each level of profit and the margins they leave

Where the revenue goes

¥ bn

Cost of sales SG&A Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Oct 2025 ¥34bn

CAGR · 7 yrs +102.3%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Oct 2020	0.5	n/a	Parent · Japanese GAAP
FYE Oct 2020	0.5	−7.7%	Parent · Japanese GAAP
FYE Oct 2021	1.3	+181.6%	Parent · Japanese GAAP
FYE Oct 2022	6.2	+378.5%	Parent · Japanese GAAP
FYE Oct 2023	16.1	+159.7%	Parent · Japanese GAAP
FYE Oct 2024	26.9	+66.5%	Parent · Japanese GAAP
FYE Oct 2025	34.3	moved to consolidated	Cons. · Japanese GAAP

Definition: Everything the company took in from its own business
Formula: Revenue line of the income statement
Source: Securities report (XBRL)

Cost of sales

FYE Oct 2025 ¥1.9bn

CAGR · 3 yrs +68.7%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2021	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2022	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2023	0.7	n/a	Parent · Japanese GAAP
FYE Oct 2024	1.3	+89.5%	Parent · Japanese GAAP
FYE Oct 2025	1.9	moved to consolidated	Cons. · Japanese GAAP

Definition: The cost of what was sold
Formula: Cost of sales line of the income statement
Source: Securities report (XBRL)

Gross profit

FYE Oct 2025 ¥32bn

CAGR · 3 yrs +44.7%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2021	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2022	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2023	15.5	n/a	Parent · Japanese GAAP
FYE Oct 2024	25.6	+65.5%	Parent · Japanese GAAP
FYE Oct 2025	32.4	moved to consolidated	Cons. · Japanese GAAP

Definition: What the product or service itself earns
Formula: Revenue − cost of sales
Source: Securities report (XBRL)

SG&A selling, general and administrative expenses

FYE Oct 2025 ¥26bn

CAGR · 3 yrs +37.7%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2021	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2022	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2023	13.5	n/a	Parent · Japanese GAAP
FYE Oct 2024	21.4	+58.0%	Parent · Japanese GAAP
FYE Oct 2025	25.6	moved to consolidated	Cons. · Japanese GAAP

Definition: The cost of selling and of running the company
Formula: SG&A line of the income statement
Source: Securities report (XBRL)

Operating profit

FYE Oct 2025 ¥6.7bn

CAGR · 3 yrs +85.7%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2021	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2022	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2023	2.0	n/a	Parent · Japanese GAAP
FYE Oct 2024	4.2	+117.0%	Parent · Japanese GAAP
FYE Oct 2025	6.7	moved to consolidated	Cons. · Japanese GAAP

Definition: What the core business earns
Formula: Gross profit − SG&A
Source: Securities report (XBRL)

Non-operating income

FYE Oct 2025 ¥37.6m

CAGR · 3 yrs +94.9%

Fiscal year	Non-operating income ¥ m	YoY	Basis
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2021	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2022	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2023	9.9	n/a	Parent · Japanese GAAP
FYE Oct 2024	23.7	+139.3%	Parent · Japanese GAAP
FYE Oct 2025	37.6	moved to consolidated	Cons. · Japanese GAAP

Definition: Income from outside the core business
Formula: Non-operating income line of the income statement
Source: Securities report (XBRL)

Non-operating expenses

FYE Oct 2025 ¥115m

CAGR · 3 yrs +62.9%

Fiscal year	Non-operating expenses ¥ m	YoY	Basis
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2021	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2022	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2023	43.2	n/a	Parent · Japanese GAAP
FYE Oct 2024	347	+702.9%	Parent · Japanese GAAP
FYE Oct 2025	115	moved to consolidated	Cons. · Japanese GAAP

Definition: Costs arising outside the core business
Formula: Non-operating expenses line of the income statement
Source: Securities report (XBRL)

Ordinary profit keijo rieki

FYE Oct 2025 ¥6.7bn

Average · 7 yrs ¥1.3bn

Fiscal year	Ordinary profit ¥ bn	YoY	Basis
FYE Oct 2020	-1.2	n/a	Parent · Japanese GAAP
FYE Oct 2020	-1.2	n/a	Parent · Japanese GAAP
FYE Oct 2021	-1.4	n/a	Parent · Japanese GAAP
FYE Oct 2022	0.1	n/a	Parent · Japanese GAAP
FYE Oct 2023	1.9	+1573.3%	Parent · Japanese GAAP
FYE Oct 2024	3.9	+103.9%	Parent · Japanese GAAP
FYE Oct 2025	6.7	moved to consolidated	Cons. · Japanese GAAP

Definition: A level of profit that exists only under Japanese GAAP
Formula: Operating profit + non-operating income − non-operating expenses
Source: Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Oct 2025 ¥5.3bn

Average · 7 yrs ¥0.9bn

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Oct 2020	-1.2	n/a	Parent · Japanese GAAP
FYE Oct 2020	-1.2	n/a	Parent · Japanese GAAP
FYE Oct 2021	-1.4	n/a	Parent · Japanese GAAP
FYE Oct 2022	0.3	n/a	Parent · Japanese GAAP
FYE Oct 2023	1.8	+602.1%	Parent · Japanese GAAP
FYE Oct 2024	2.8	+55.2%	Parent · Japanese GAAP
FYE Oct 2025	5.3	moved to consolidated	Cons. · Japanese GAAP

Definition: What is left after tax
Formula: Pre-tax profit − income taxes
Source: Securities report (XBRL)

Gross margin

FYE Oct 2025 94.4%

Average · 3 yrs 95.2%

Fiscal year	Gross margin %	YoY	Basis
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2021	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2022	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2023	95.8	n/a	Parent · Japanese GAAP
FYE Oct 2024	95.3	−0.6pp	Parent · Japanese GAAP
FYE Oct 2025	94.4	moved to consolidated	Cons. · Japanese GAAP

Definition: The share of revenue left after the cost of sales
Formula: Gross profit ÷ revenue
Source: Securities report (XBRL)

Operating margin

FYE Oct 2025 19.7%

Average · 3 yrs 15.9%

Fiscal year	Operating margin %	YoY	Basis
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2021	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2022	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2023	12.1	n/a	Parent · Japanese GAAP
FYE Oct 2024	15.8	+3.7pp	Parent · Japanese GAAP
FYE Oct 2025	19.7	moved to consolidated	Cons. · Japanese GAAP

Definition: The share of revenue the core business keeps
Formula: Operating profit ÷ revenue
Source: Securities report (XBRL)

Ordinary margin

FYE Oct 2025 19.5%

Average · 7 yrs -79.8%

Fiscal year	Ordinary margin %	YoY	Basis
FYE Oct 2020	-240.0	n/a	Parent · Japanese GAAP
FYE Oct 2020	-259.4	−19.4pp	Parent · Japanese GAAP
FYE Oct 2021	-106.8	+152.6pp	Parent · Japanese GAAP
FYE Oct 2022	1.8	+108.6pp	Parent · Japanese GAAP
FYE Oct 2023	11.9	+10.1pp	Parent · Japanese GAAP
FYE Oct 2024	14.6	+2.7pp	Parent · Japanese GAAP
FYE Oct 2025	19.5	moved to consolidated	Cons. · Japanese GAAP

Definition: The share of revenue left at the ordinary-profit line
Formula: Ordinary profit ÷ revenue
Source: Securities report (XBRL)

Net margin

FYE Oct 2025 15.5%

Average · 7 yrs -80.9%

Fiscal year	Net margin %	YoY	Basis
FYE Oct 2020	-240.0	n/a	Parent · Japanese GAAP
FYE Oct 2020	-260.3	−20.3pp	Parent · Japanese GAAP
FYE Oct 2021	-107.3	+153.1pp	Parent · Japanese GAAP
FYE Oct 2022	4.1	+111.4pp	Parent · Japanese GAAP
FYE Oct 2023	11.2	+7.0pp	Parent · Japanese GAAP
FYE Oct 2024	10.4	−0.8pp	Parent · Japanese GAAP
FYE Oct 2025	15.5	moved to consolidated	Cons. · Japanese GAAP

Definition: The share of revenue left after everything
Formula: Net profit ÷ revenue
Source: Securities report (XBRL)

Cost-of-sales ratio

FYE Oct 2025 5.6%

Average · 3 yrs 4.8%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2021	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2022	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2023	4.2	n/a	Parent · Japanese GAAP
FYE Oct 2024	4.7	+0.6pp	Parent · Japanese GAAP
FYE Oct 2025	5.6	moved to consolidated	Cons. · Japanese GAAP

Definition: The share of revenue taken by the cost of sales
Formula: Cost of sales ÷ revenue
Source: Securities report (XBRL)

SG&A ratio

FYE Oct 2025 74.7%

Average · 3 yrs 79.3%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2021	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2022	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2023	83.7	n/a	Parent · Japanese GAAP
FYE Oct 2024	79.5	−4.3pp	Parent · Japanese GAAP
FYE Oct 2025	74.7	moved to consolidated	Cons. · Japanese GAAP

Definition: The share of revenue taken by selling and administrative costs
Formula: SG&A ÷ revenue
Source: Securities report (XBRL)

Balance sheet Assets, debt and equity, and what they say about financial strength

What the balance sheet is made of

¥ bn

Equity Liabilities and non-controlling interests

Financial strength

Equity ratio Debt-to-equity

Total assets

FYE Oct 2025 ¥34bn

CAGR · 5 yrs +96.6%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Oct 2020	n/a	n/a	n/a
FYE Oct 2020	2.3	n/a	Parent · Japanese GAAP
FYE Oct 2021	5.3	+135.7%	Parent · Japanese GAAP
FYE Oct 2022	8.8	+65.7%	Parent · Japanese GAAP
FYE Oct 2023	17.8	+102.5%	Parent · Japanese GAAP
FYE Oct 2024	n/a	moved to consolidated	Cons. · Japanese GAAP
FYE Oct 2025	33.6	n/a	Cons. · Japanese GAAP

Definition: Everything the company holds
Formula: Total assets line of the balance sheet
Source: Securities report (XBRL)

Equity net assets, shareholders' equity

FYE Oct 2025 ¥15bn

CAGR · 6 yrs +58.3%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Oct 2020	n/a	n/a	n/a
FYE Oct 2020	1.5	n/a	Parent · Japanese GAAP
FYE Oct 2021	4.1	+179.4%	Parent · Japanese GAAP
FYE Oct 2022	4.4	+7.6%	Parent · Japanese GAAP
FYE Oct 2023	6.2	+41.3%	Parent · Japanese GAAP
FYE Oct 2024	9.1	moved to consolidated	Cons. · Japanese GAAP
FYE Oct 2025	14.5	+59.9%	Cons. · Japanese GAAP

Definition: The part of the funding that never has to be repaid
Formula: Net assets line of the balance sheet
Source: Securities report (XBRL)

Equity ratio

FYE Oct 2025 43.3%

Average · 5 yrs 54.0%

Fiscal year	Equity ratio %	YoY	Basis
FYE Oct 2020	n/a	n/a	n/a
FYE Oct 2020	64.9	n/a	Parent · Japanese GAAP
FYE Oct 2021	76.9	+12.0pp	Parent · Japanese GAAP
FYE Oct 2022	50.0	−27.0pp	Parent · Japanese GAAP
FYE Oct 2023	34.8	−15.1pp	Parent · Japanese GAAP
FYE Oct 2024	n/a	moved to consolidated	Cons. · Japanese GAAP
FYE Oct 2025	43.3	n/a	Cons. · Japanese GAAP

Definition: How much of the balance sheet is funded without debt
Formula: Equity ÷ total assets
Source: Securities report (XBRL)

ROE return on equity

FYE Oct 2025 36.5%

Average · 6 yrs -2.4%

Fiscal year	ROE %	YoY	Basis
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2020	-82.2	n/a	Parent · Japanese GAAP
FYE Oct 2021	-34.1	+48.1pp	Parent · Japanese GAAP
FYE Oct 2022	5.8	+40.0pp	Parent · Japanese GAAP
FYE Oct 2023	29.1	+23.2pp	Parent · Japanese GAAP
FYE Oct 2024	30.8	+1.7pp	Parent · Japanese GAAP
FYE Oct 2025	36.5	moved to consolidated	Cons. · Japanese GAAP

Definition: What the shareholders' capital earns
Formula: Net profit ÷ equity
Source: Securities report (XBRL)

ROA return on assets

FYE Oct 2025 15.8%

Average · 5 yrs -10.2%

Fiscal year	ROA %	YoY	Basis
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2020	-53.4	n/a	Parent · Japanese GAAP
FYE Oct 2021	-26.3	+27.1pp	Parent · Japanese GAAP
FYE Oct 2022	2.9	+29.2pp	Parent · Japanese GAAP
FYE Oct 2023	10.1	+7.2pp	Parent · Japanese GAAP
FYE Oct 2024	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2025	15.8	moved to consolidated	Cons. · Japanese GAAP

Definition: What the whole balance sheet earns
Formula: Net profit ÷ total assets
Source: Securities report (XBRL)

Asset turnover

FYE Oct 2025 1.02×

CAGR · 5 yrs +49.4%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2020	0.20	n/a	Parent · Japanese GAAP
FYE Oct 2021	0.24	+19.5%	Parent · Japanese GAAP
FYE Oct 2022	0.71	+188.8%	Parent · Japanese GAAP
FYE Oct 2023	0.91	+28.2%	Parent · Japanese GAAP
FYE Oct 2024	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2025	1.02	moved to consolidated	Cons. · Japanese GAAP

Definition: How much revenue each yen of assets produces
Formula: Revenue ÷ total assets
Source: Securities report (XBRL)

Cash flow statement Cash from operations, investment and financing, and what is left on hand

The three cash flows

¥ bn

Operating CF Investing CF Financing CF

Cash against debt

¥ bn

Cash and equivalents Interest-bearing debt Net cash

Operating cash flow

FYE Oct 2025 ¥2.7bn

Average · 4 yrs ¥0.3bn

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Oct 2020	n/a	n/a	n/a
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2021	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2022	-2.0	n/a	Parent · Japanese GAAP
FYE Oct 2023	-0.7	n/a	Parent · Japanese GAAP
FYE Oct 2024	1.2	n/a	Parent · Japanese GAAP
FYE Oct 2025	2.7	moved to consolidated	Cons. · Japanese GAAP

Definition: Cash the business itself generated
Formula: Cash flow from operating activities
Source: Securities report (XBRL)

Investing cash flow

FYE Oct 2025 -¥1.3bn

Average · 4 yrs -¥0.6bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Oct 2020	n/a	n/a	n/a
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2021	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2022	-0.4	n/a	Parent · Japanese GAAP
FYE Oct 2023	-0.5	n/a	Parent · Japanese GAAP
FYE Oct 2024	-0.3	n/a	Parent · Japanese GAAP
FYE Oct 2025	-1.3	moved to consolidated	Cons. · Japanese GAAP

Definition: Cash spent on, or released by, investment
Formula: Cash flow from investing activities
Source: Securities report (XBRL)

Financing cash flow

FYE Oct 2025 ¥0.6bn

CAGR · 4 yrs −34.4%

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Oct 2020	n/a	n/a	n/a
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2021	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2022	2.1	n/a	Parent · Japanese GAAP
FYE Oct 2023	5.3	+157.7%	Parent · Japanese GAAP
FYE Oct 2024	3.3	−37.0%	Parent · Japanese GAAP
FYE Oct 2025	0.6	moved to consolidated	Cons. · Japanese GAAP

Definition: Cash raised from, or returned to, lenders and shareholders
Formula: Cash flow from financing activities
Source: Securities report (XBRL)

Cash and equivalents

FYE Oct 2025 ¥14bn

CAGR · 4 yrs +52.9%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Oct 2020	n/a	n/a	n/a
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2021	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2022	4.0	n/a	Parent · Japanese GAAP
FYE Oct 2023	8.0	+100.9%	Parent · Japanese GAAP
FYE Oct 2024	12.2	+53.1%	Parent · Japanese GAAP
FYE Oct 2025	14.2	moved to consolidated	Cons. · Japanese GAAP

Definition: Cash on hand at the year end
Formula: Closing balance in the cash flow statement
Source: Securities report (XBRL)

Free cash flow

FYE Oct 2025 ¥1.4bn

Average · 4 yrs -¥0.3bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Oct 2020	n/a	n/a	n/a
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2021	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2022	-2.3	n/a	Parent · Japanese GAAP
FYE Oct 2023	-1.3	n/a	Parent · Japanese GAAP
FYE Oct 2024	0.9	n/a	Parent · Japanese GAAP
FYE Oct 2025	1.4	moved to consolidated	Cons. · Japanese GAAP

Definition: What is left once the business has paid for its own investment
Formula: Operating cash flow + investing cash flow
Source: Securities report (XBRL)

Operating cash flow margin

FYE Oct 2025 7.8%

Average · 4 yrs -6.0%

Fiscal year	OCF margin %	YoY	Basis
FYE Oct 2020	n/a	n/a	n/a
FYE Oct 2020	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2021	n/a	n/a	Parent · Japanese GAAP
FYE Oct 2022	-31.4	n/a	Parent · Japanese GAAP
FYE Oct 2023	-4.6	+26.7pp	Parent · Japanese GAAP
FYE Oct 2024	4.4	+9.0pp	Parent · Japanese GAAP
FYE Oct 2025	7.8	moved to consolidated	Cons. · Japanese GAAP

Definition: How much of the revenue turned into cash
Formula: Operating cash flow ÷ revenue
Source: Securities report (XBRL)

Shares and share price Shares outstanding, price, market capitalisation and the valuation multiples

Shares outstanding

FYE Oct 2025 100,314,000shares

Change · 6 yrs +100,297,331 shares

Fiscal year	Shares outstanding shares	Basis
FYE Oct 2020	n/a	Parent
FYE Oct 2020	16,669	Parent
FYE Oct 2021	16,669	Parent
FYE Oct 2022	17,094	Parent
FYE Oct 2023	17,094	Parent
FYE Oct 2024	97,122,000	Parent
FYE Oct 2025	100,314,000	Parent

Definition: How many shares exist
Formula: Shares issued, from the key figures of the filing
Source: Securities report (XBRL)

BPS book value per share

FYE Oct 2025 144.95¥

Change · 6 yrs −87,479.98¥

Fiscal year	BPS ¥	Basis
FYE Oct 2020	n/a	n/a
FYE Oct 2020	87,624.93	Parent · Japanese GAAP
FYE Oct 2021	244,819.13	Parent · Japanese GAAP
FYE Oct 2022	256,857.38	Parent · Japanese GAAP
FYE Oct 2023	362,815.02	Parent · Japanese GAAP
FYE Oct 2024	93.66	Cons. · Japanese GAAP
FYE Oct 2025	144.95	Cons. · Japanese GAAP

Definition: Equity behind each share
Formula: Equity ÷ shares outstanding
Source: Securities report (XBRL)

Workforce and productivity Headcount, pay and what each employee accounts for

Parent-company employees

FYE Oct 2025 1,240people

Change · 6 yrs +1,146 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Oct 2020	n/a	n/a	Parent
FYE Oct 2020	94	n/a	Parent
FYE Oct 2021	161	+71.3%	Parent
FYE Oct 2022	350	+117.4%	Parent
FYE Oct 2023	708	+102.3%	Parent
FYE Oct 2024	1,004	+41.8%	Parent
FYE Oct 2025	1,240	+23.5%	Parent

Definition: Employees of the filing company itself
Formula: Parent-only headcount, from the employee section of the filing
Source: Securities report (XBRL)

Disclaimer

Figures are reproduced as filed and are not restated: a change of accounting standard or of consolidation basis moves the series without anything happening to the business. Where that happened, the table says so in place of the year-on-year figure.
Ratios and per-employee figures are computed from the filed lines rather than taken from the filing, and use year-end balances rather than averages.

Accuracy, liability, reuse and privacy — the full disclaimer →

Data API

Timee’s history, presidents and financials are published as static JSON — no key, plain GET. One API per public page, and one per section where a page carries several tables. Full specification →

/api/215A/company.json ·/api/215A/history.json ·/api/215A/ceo.json ·/api/215A/financials.json ·/api/215A/financials/segment.json ·/api/215A/financials/pl.json ·/api/215A/financials/cf.json ·/api/215A/financials/bs.json ·/api/215A/financials/employee.json ·/api/215A/financials/stock.json ·/api/215A/financials.csv ·/api/215A/financials_history.csv

/api/companies.json ·/api/decisions.json ·/api/api-manifest.json