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    Communication Services

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    Telecommunications Services
Vision Inc.

Vision Inc.

9416.T
Vision Inc.JP flagTokyo Stock Exchange
1,013.00
JPY
+3.00
- -
49.92BMarket Cap
Vision Inc.
9416.T
(Tokyo Stock Exchange)

Recent

price

1,013.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
287.5
347.97
304.72
359.68
441.45
565.12
352.68
383.99
525.94
650.33
732.45
794.69
687.01
Revenue per Share
7.77
16.32
16.71
24.77
31.4
46.05
-25.07
15.47
31.96
61.87
69.59
92.12
66.15
Basic EPS, GAAP
15.61
22.27
30.64
7.46
41.59
46.07
-16.64
25.14
5.25
66.24
42.04
33.71
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
12.98
34.01
- -
Dividend per Share
41.14
114.33
100.92
125.7
157.61
204.94
184.73
201.03
230.56
291.04
347.55
406.04
326.52
Book Value per Share
45.55
171.95
141.42
163.82
187.36
211.8
181.53
183.28
220.96
270.98
348.04
415.05
317.98
Tangible Book Value per Share
35
36
49
49
49
48
47
47
48
49
49
49
48
Basic Weighted Avg Shares
10,185
12,485
14,844
17,555
21,504
27,318
16,654
18,101
25,488
31,808
35,529
39,012
33,209
Sales/Revenue/Turnover
2.81
6.45
8.69
10.19
11.55
12.17
0.62
6.1
9.47
13.46
15.1
16.57
13.77
Operating Margin (%)
137
179
318
479
850
1,089
532
137
426
755
936
949
- -
Depreciation Expense
275
585
814
1,209
1,529
2,226
-1,184
729
1,549
3,026
3,376
4,522
3,198
Net Income, GAAP
30.13
36.92
34.66
31.1
30.41
30.41
- -
35.41
34.14
31.02
36.38
29.72
31.32
Effective Tax Rate (%)
2.7
4.69
5.48
6.89
7.11
8.15
-7.11
4.03
6.08
9.51
9.5
11.59
9.63
Profit Margin (%)
873
5,384
5,530
6,100
6,514
7,570
6,365
6,869
7,980
9,473
12,545
16,342
11,446
Working Capital
100
13
23
2
- -
38
31
748
848
601
464
1,837
528
LT Debt
1,899
6,496
7,312
8,586
9,803
10,905
8,769
10,122
12,040
14,608
17,891
21,289
16,609
Total Equity
- -
11.03
11.61
14.72
17.81
21.01
- -
7.11
12.86
19.65
18.82
20.55
18.55
Return on Invested Capital (%)
- -
19.54
17.86
21.72
22.16
25.31
- -
7.6
13.77
22.38
20.87
23.05
21.21
Return on Capital (%)
- -
21.06
18.05
21.88
22.15
25.32
-12.71
8.01
15
23.82
21.71
24.58
22.37
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
122
121
129
LT Borrowings
601
525
528
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
48
48
48
Market Capitalization
60,187
59,166
60,036

Working Capital

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
15,446
15,533
16,983
Cash, Cash Equivalents & STI
10,223
9,467
10,671
Accounts Receivable, Net
3,713
4,744
5,010
Inventories
312
246
339
Total Current Liabilities
5,974
4,858
5,537
Payables & Accruals
- -
- -
- -
ST Debt
122
121
129
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.3%
19.44%
19%
Free Cash Flow
113%
157.59%
-18.86%
Net Income, GAAP
9.82%
18.34%
33.96%
Sales/Revenue/Turnover
14.34%
19.16%
9.8%
Total Cash Common Dividend
- -
- -
165.09%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,581
8,440
- -
- -
35,529
2025
- -
- -
- -
- -
39,012
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
21.09
- -
- -
- -
69.59
2025
- -
- -
- -
- -
92.12
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
12.98
2025
- -
- -
- -
- -
34.01
2026
- -
- -
- -
- -
- -
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Business
Vision Inc. (TSE: 9416) provides mobile Wi-Fi router rental services, information and communications infrastructure solutions, and travel-related offerings including glamping and transportation. The company operates three primary business segments: Global WiFi, which rents Wi-Fi routers usable in over 200 countries and regions on a flat-rate packet basis, including brands such as Global WiFi for outbound travelers, NINJA WiFi for inbound visitors to Japan, and Global WiFi for Biz for corporate stationary use; Information and Communications, which delivers fixed-line and mobile communication services, business phones, broadband lines, office automation equipment, security products, website creation, and agency services for electricity and electrical works; and Glamping and Tourism (also encompassing Travel and Transportation), which offers glamping resorts such as Vision Glamping Resort Yamanakako and Koshikano Onsen, luxury limousine time-sharing via ProDrivers, inbound travel planning under Japan Destinations, and ancillary services like airport transfers and lost item support. Vision Inc. targets outbound Japanese travelers, inbound tourists, newly established corporations, ventures, multi-store chains, and individual corporate clients, with operations spanning Japan through domestic bases and internationally via subsidiaries and hubs in South Korea, Singapore, UK, Hong Kong, Hawaii, Taiwan, China, France, Italy, California, New Caledonia, Vietnam, and a new U.S. subsidiary in New York. Founded in 1995 and headquartered in Shinjuku Eastside Square, Tokyo, the company maintains 18 consolidated subsidiaries including Best Link Inc. for broadband agency and ZORSE Co., Ltd. following its acquisition in June 2023. Recent developments include a March 2023 management reorganization appointing Kenichi Sano as Chairman and CEO and Kenji Ota as President and COO; establishment of a Business Strategy for 2025-2028 in February 2025; expansion of Unlimited Plan coverage to 128 countries by December 2024 and Unlimited 5G to 50 countries by November 2024; new product launches such as Mega Charge Battery, High-performance Multi-Port Adapter, Location-Identification GPS, and World eSIM; openings of stores at EXPO 2025 Osaka Kansai, Kansai International Airport Terminal 2, Fukuoka Airport, and Hiroshima Airport with Smart Pickup lockers; business alliances with Fast Doctor for online health consultations, THISIS for lost item services, Tailor App via ZORSE for SNS management, and considerations for a joint venture with uCloudlink; launch of services including SNS Unyo.com, DENKI-KOJI OMAKASE.COM, Kicho-Daiko.com, and its own broadband offering; awards such as Rakuten Travel Gold Award 2024 for Vision Glamping Resort Yamanakako, CRM Best Practice Award (13th time), and a B score in CDP 2024 Climate Change survey; surpassing 21 million total Wi-Fi users and No.1 rankings in overseas and domestic rentals; and plans for performance-linked stock compensation introduced in 2024.