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Rakus Co., Ltd.

Rakus Co., Ltd.

3923.T
Rakus Co., Ltd.JP flagTokyo Stock Exchange
1,035.00
JPY
+1.50
- -
366.50BMarket Cap
Rakus Co., Ltd.
3923.T
(Tokyo Stock Exchange)

Recent

price

1,035.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
9.82
11.58
13.61
17.68
24.12
32.03
42.46
56.92
75.6
106
134.99
167.39
57.25
Revenue per Share
1.09
1.49
2.02
2.41
2.81
2.21
8.1
2.97
3.52
11.55
22.09
36.91
8.22
Basic EPS, GAAP
0.61
1.92
1.32
2.4
2.44
1.35
10.88
-1.2
4.24
12.24
21.1
34.27
- -
Free Cash Flow per Basic Share
0.08
0.11
0.15
0.24
0.36
0.55
0.8
0.87
0.95
0.97
1.17
2.26
- -
Dividend per Share
3.51
5.5
7.22
9.39
11.83
13.49
20.79
22.89
25.46
36.04
56.96
73.14
44.88
Book Value per Share
3.75
6.33
7.99
5.65
8.71
10.98
18.98
21.78
24.98
26.32
51.26
64.17
36.07
Tangible Book Value per Share
348
352
362
362
362
362
362
362
362
362
362
360
362
Basic Weighted Avg Shares
3,414
4,077
4,932
6,409
8,743
11,608
15,387
20,629
27,399
38,408
48,904
60,286
20,746
Sales/Revenue/Turnover
13.04
19.24
19.78
19.36
16.8
10.12
25.33
7.65
6.04
14.48
20.84
28.77
18.52
Operating Margin (%)
54
54
81
109
335
384
464
562
585
867
1,130
1,263
- -
Depreciation Expense
379
526
732
875
1,019
800
2,936
1,078
1,274
4,185
8,003
13,293
2,977
Net Income, GAAP
20.67
32.23
28.65
29.85
30.91
31.62
28.14
30.14
30.72
25.36
21.65
29.81
22.75
Effective Tax Rate (%)
11.09
12.91
14.83
13.65
11.65
6.89
19.08
5.23
4.65
10.9
16.36
22.05
14.35
Profit Margin (%)
998
1,893
2,299
1,384
2,232
2,640
4,974
5,442
6,132
5,773
9,834
13,013
7,365
Working Capital
- -
- -
10
- -
- -
- -
- -
36
32
216
- -
- -
26
LT Debt
1,308
2,248
2,923
3,707
4,594
5,193
7,843
8,617
9,547
13,348
21,977
26,034
16,719
Total Equity
- -
26.55
23.96
23.65
22.27
15.07
36.52
11.84
11.68
30.47
37.42
42.54
18.34
Return on Invested Capital (%)
- -
33.32
31.89
28.87
26.45
17.42
47.25
13.58
14.48
35.95
45.9
56.33
21.06
Return on Capital (%)
- -
33.32
32.14
29.09
26.49
17.42
47.26
13.62
14.54
37.56
47.5
56.59
22.6
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
754
- -
566
LT Borrowings
216
- -
26
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
362
- -
362
Market Capitalization
371,489
377,328
405,231

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
13,145
- -
15,118
Cash, Cash Equivalents & STI
7,010
- -
8,236
Accounts Receivable, Net
5,702
- -
6,285
Inventories
- -
- -
- -
Total Current Liabilities
7,372
- -
7,753
Payables & Accruals
- -
- -
- -
ST Debt
754
- -
566
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
28.84%
28.72%
18.46%
Free Cash Flow
47.51%
-48.16%
61.44%
Net Income, GAAP
66.15%
68.14%
66.1%
Sales/Revenue/Turnover
31.03%
31.53%
23.27%
Total Cash Common Dividend
38.39%
26.6%
91.76%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,288
9,374
10,179
10,567
38,408
2025
- -
- -
- -
- -
48,904
2026
- -
- -
- -
- -
60,286

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.95
- -
- -
- -
11.55
2025
- -
- -
- -
- -
22.09
2026
- -
- -
- -
- -
36.91

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.97
2025
- -
- -
- -
- -
1.17
2026
- -
- -
- -
- -
2.26
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Business
Rakus Co., Ltd. (3923.T) provides cloud-based software-as-a-service (SaaS) solutions and IT human resource services primarily to small and medium-sized enterprises in Japan. The company operates through two main segments: Cloud Business, which offers Raku Raku Seisan for streamlining expense reimbursement and transportation expense management; Mail Dealer, a shared mail management and delivery system; Rakuraku Sales, a sales management system; Delivery Mail for email marketing; Raku Raku Details (also known as Rakus Invoice), an electronic invoice issuance system; and other workflow automation and document management tools; and IT Human Resource Business, which dispatches IT engineers for system development, infrastructure construction, network maintenance, machine learning support, and quality control operations. Founded in 2000 and headquartered in Tokyo's Shibuya-ku, the company maintains offices across Japan including Osaka, Sapporo, Nagoya, and Fukuoka, with consolidated subsidiaries such as RAKUS Light Cloud Co., Ltd., RAKUS Partners Co., Ltd., RAKUS Mirai Co., Ltd., and RAKUS Vietnam Co., Ltd., and employs over 2,500 people as of March 2024. Rakus listed on the Tokyo Stock Exchange Prime Market in 2010 and focuses on digital transformation amid regulatory changes like Japan's Invoice System and Electric Bookkeeping Law, driving strong sales growth exceeding 31% CAGR targets toward FY2026 goals of 10 billion yen net income. Recent developments include a May 2025 share buyback authorization to enhance shareholder value, partnerships such as with KS Rogers Co. to promote RakuRaku Hanbai sales efficiency tools, and ongoing investments in service uptime above 99.9% and R&D representing 15% of revenue, alongside workforce expansion to serve over 50,000 businesses.