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Avant Corporation

Avant Corporation

3836.T
Avant CorporationJP flagTokyo Stock Exchange
1,193.00
JPY
+6.00
- -
41.10BMarket Cap
Avant Corporation
3836.T
(Tokyo Stock Exchange)

Recent

price

1,193.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
16,826.11
83.84
109.22
179.29
221.05
237.78
256
280.49
322.53
374.79
417.56
431.86
497.24
569.25
656.32
773.79
347.64
Revenue per Share
3.86
0.68
5.09
9.66
16.6
10.71
17.6
17.67
28.28
35.06
40.92
50.24
54.37
55.65
76.62
94.15
44.81
Basic EPS, GAAP
37.89
3.62
17.67
11.01
23.77
9.23
27.09
24.64
25.57
30.31
40.81
53.67
69.64
37.94
88.66
118.91
85.11
Free Cash Flow per Basic Share
129.32
- -
0.31
0.5
1.12
3.38
2.25
2.75
4
6
7.5
9
11
13
15.18
19.42
- -
Dividend per Share
5,995.46
30.23
34.89
44.06
59.53
66.86
82.21
89.45
121.42
150.63
184.2
225.58
271.2
314.13
379.2
461.49
9.46
Book Value per Share
6,664.3
32.72
39.01
36.14
54.72
64.92
82.81
100.47
123.03
152.63
186.35
217.55
263.75
308.21
339.76
417.15
382.1
Tangible Book Value per Share
- -
37
38
38
38
38
38
38
38
38
38
38
38
38
37
36
36
Basic Weighted Avg Shares
3,097
3,137
4,101
6,732
8,300
8,929
9,613
10,532
12,111
14,078
15,692
16,236
18,703
21,425
24,420
28,228
12,677
Sales/Revenue/Turnover
6.39
9.06
13.23
14.29
17.71
13.66
11.55
12.4
13.47
13.97
14.52
17.22
17.36
15.35
16.79
16.31
17.42
Operating Margin (%)
100
125
151
193
206
243
237
246
155
167
228
254
349
449
543
507
301
Depreciation Expense
1
25
191
363
623
402
661
664
1,062
1,317
1,538
1,889
2,045
2,095
2,851
3,435
1,634
Net Income, GAAP
71.24
11.32
50.31
42.33
42.25
49.14
29.42
35.75
35.73
34.27
32.61
32.75
31.58
31.98
31
30.46
26.98
Effective Tax Rate (%)
0.02
0.81
4.66
5.39
7.51
4.5
6.87
6.3
8.77
9.36
9.8
11.63
10.93
9.78
11.67
12.17
12.89
Profit Margin (%)
975
1,155
1,313
1,484
1,839
2,110
2,484
2,953
3,407
4,050
5,191
6,104
7,921
9,230
9,894
12,325
- -
Working Capital
138
295
151
492
308
158
34
3
9
7
45
31
18
6
- -
27
- -
LT Debt
1,324
1,353
1,532
1,879
2,461
2,739
3,311
3,873
4,792
5,898
7,194
8,787
10,598
12,329
13,294
15,598
13,934
Total Equity
3.52
15.16
13.86
22.67
28.32
19.41
23.07
21.84
22.57
22.61
22.61
22.64
21.73
18.44
20.35
20.2
11.54
Return on Invested Capital (%)
0.17
2.15
12.1
18.43
24.78
14.57
21.84
20.01
26.68
25.73
24.32
24.37
21.81
18.98
21.97
22.2
25.43
Return on Capital (%)
0.06
2.28
15.65
24.47
32.05
16.94
23.61
20.59
26.83
25.78
24.45
24.53
21.89
19.02
21.99
22.2
25.49
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'24
Sep'25
Dec'25
ST Debt
6
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
37
- -
- -
Market Capitalization
51,780
82,195
73,589

Working Capital

FRC

•

in mil. unless spec.
Jun'24
Sep'25
Dec'25
Total Current Assets
18,202
- -
- -
Cash, Cash Equivalents & STI
11,375
- -
10,995
Accounts Receivable, Net
4,440
- -
- -
Inventories
88
- -
- -
Total Current Liabilities
8,308
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
6
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.09%
16.85%
17.33%
Free Cash Flow
42%
35.68%
31.5%
Net Income, GAAP
25.57%
18.02%
20.48%
Sales/Revenue/Turnover
12.27%
12.56%
15.59%
Total Cash Common Dividend
21.09%
20.29%
25.44%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,647
6,096
6,063
6,614
24,420
2025
- -
- -
- -
- -
28,228
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
12.86
- -
- -
- -
76.62
2025
- -
- -
- -
- -
94.15
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15.04
- -
- -
- -
15.18
2025
- -
- -
- -
- -
19.42
2026
- -
- -
- -
- -
- -
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Business
Avant Group Corporation (TSE: 3836) provides specialized software, consulting, and business process outsourcing (BPO) services focused on consolidated accounting, group management, business intelligence, and digital transformation primarily to Japanese listed companies and enterprises. Founded in 1997 and headquartered in Tokyo's Minato-ku at 2-15-2 Konan, 13th Floor, Shinagawa Intercity Building B, the holding company operates through wholly owned subsidiaries including DIVA Corporation, Avant Corporation, and ZEAL Corporation, serving over 1,100 DivaSystem customers encompassing more than half of the top 100 Tokyo Stock Exchange-listed firms by market cap; core products and services encompass the DivaSystem suite for consolidated accounting, disclosure, and financial reporting including DivaSystem SMD, Compass, Empower, FBX, and Dx-3; timely disclosure information search services; group management support systems; business intelligence and data platform solutions such as ZEUSCloud and integrations with third-party tools like Oracle, IBM Cognos, Microsoft Power BI, Tableau, and SAP Analytics Cloud; corporate performance management (CPM) software; systems integration for data utilization; non-consolidated and consolidated financial closing operations BPO; cash management solutions; and consulting for system implementation, IFRS compliance, budgeting, and management reform. The company maintains a strong recurring revenue model with high customer retention in niche markets driven by regulatory demands for disclosure, governance, and DX, operating domestically across Tokyo, Osaka, and Nagoya with a historical U.S. presence via DIVA CORPORATION OF AMERICA. In recent developments, Avant Group announced an equity buyback program in November 2025 for 1,500,000 shares representing 4.11% of its capital at a cost of ¥2 billion; continues share repurchases as evidenced by multiple transaction reports in 2024 and 2025; maintains a progressive dividend policy targeting a dividend-on-equity ratio exceeding Tokyo Stock Exchange averages and aiming for 8% long-term with DPS rising to ¥15 for FY2023; underwent a major reorganization in October 2022 transitioning to a pure holding structure with trade name changes and business segment reallocations to Group Governance, Outsourcing, and Digital Transformation units; shifted to the Prime Market in April 2022; and sustains strategic alliances such as with Fluence Technologies for next-generation financial management and past partnerships like Metapraxis Limited since 2021, alongside ongoing investments in cloud migration and R&D for management DX infrastructure.