f-code Inc.

f-code Inc.

9211.T
f-code Inc.JP flagTokyo Stock Exchange
1,369.00
JPY
-36.00
- -
16.75BMarket Cap
f-code Inc.
9211.T
(Tokyo Stock Exchange)

Recent

price

1,369.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
FRC
56.03
70.37
85.17
129.35
240.44
441.53
- -
335.45
Revenue per Share
-5.02
5.37
19.64
8.37
46.47
72.11
- -
65.86
Basic EPS, GAAP
-4.43
6.26
10.22
10.37
80.58
70.33
- -
79.42
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-27.71
-24.81
13.71
11.26
31.52
101.14
- -
176.5
Book Value per Share
2.13
7.52
60
-66.99
-104.47
-478.18
- -
-196.8
Tangible Book Value per Share
8
8
8
8
10
12
- -
11
Basic Weighted Avg Shares
459
532
661
1,072
2,482
5,131
11,938
3,655
Sales/Revenue/Turnover
-13.36
5.95
24.28
12.23
25.97
25.9
19.35
29.21
Operating Margin (%)
6
4
3
34
73
193
212
122
Depreciation Expense
-41
41
152
69
480
838
1,450
718
Net Income, GAAP
- -
- -
- -
44.03
20.76
28.94
28.48
26.67
Effective Tax Rate (%)
-8.97
7.64
23.06
6.47
19.33
16.33
12.15
19.63
Profit Margin (%)
119
206
547
-42
2,630
2,634
3,675
4,126
Working Capital
145
202
146
1,136
4,274
5,599
9,298
6,035
LT Debt
17
57
492
690
3,320
6,037
6,741
5,549
Total Equity
- -
- -
- -
4.37
8.72
8.29
9.76
7.49
Return on Invested Capital (%)
- -
- -
- -
6.49
12.46
12.51
13.7
9.94
Return on Capital (%)
- -
- -
- -
69.48
229.16
111.68
75.72
43.27
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
1,447
2,308
2,449
LT Borrowings
4,143
5,989
5,903
LT Finance Leases
131
133
132
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
11
12
Market Capitalization
11,275
24,916
16,062

Working Capital

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
4,827
5,799
8,143
Cash, Cash Equivalents & STI
4,140
4,972
7,355
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
2,197
3,754
4,017
Payables & Accruals
- -
- -
- -
ST Debt
1,447
2,308
2,449
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
256.29%
11.66%
Free Cash Flow
- -
194.97%
32.23%
Net Income, GAAP
- -
192.06%
73.06%
Sales/Revenue/Turnover
- -
91.5%
132.67%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,035
1,002
- -
- -
5,131
2025
- -
- -
- -
- -
11,938
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
18.54
15.22
- -
- -
72.11
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
f-code Inc. is a Tokyo-based company founded in 2006 that specializes in digital transformation (DX) services primarily for the Japanese market. The company’s core products and services include its proprietary CODE Marketing Cloud, a customer experience (CX) improvement SaaS platform; digital marketing consulting; DX strategy design and implementation support; web design services; and digital customer acquisition and development support. Additionally, f-code offers AI-driven data analysis and business process automation solutions aimed at enhancing corporate productivity. In recent years, f-code has expanded its portfolio through strategic acquisitions and business developments. Notably, it has acquired ZEROTUS, a data consulting and digital marketing firm, and obtained a majority stake in SmartContact Inc., a spin-off from FCOMS Inc., strengthening its capabilities in digital marketing and transformation sectors. The company has also advanced its presence in AI and technology-driven marketing support tools since 2023, leveraging M&A to enhance its service offerings including workflow system optimization and AI-powered business process improvements. These moves signify a strategic shift toward integrated AI and technology solutions within marketing and operational domains. f-code operates mainly within the marketing technology, DX, and consulting industry sectors and targets corporate clients in Japan seeking digital innovation and efficiency improvements. The company employs about 149 staff and continues to develop marketing support tools such as f-tra EFO and expand its AI technology applications. Its geographic focus remains primarily in Japan, with a business emphasis on driving corporate competitiveness through digital transformation initiatives. Overall, f-code Inc. is a digitally focused marketing technology and DX service provider headquartered in Tokyo, offering comprehensive SaaS platforms, AI-enhanced analytics, and strategic consulting, supported by recent acquisitions that broaden its digital marketing and AI-driven service capabilities.