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    Specialty Business Services
Estore Corporation

Estore Corporation

ESTTF
Estore CorporationUS flagOther OTC
8.14
USD
-4.48
- -
44.82MMarket Cap
Estore Corporation
ESTTF
(Other OTC)

Recent

price

8.14

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
202,411,222.22
226,054,500
296,508,333.33
331,274,000
978,517,333.33
961,954,166.67
423,672,181.82
434,129,636.36
458,589,363.64
493,229,100
485,293,500
954,988,181.82
522,449,636.36
859,036,454.55
1,142,363,818.18
- -
668,391,181.82
Revenue per Share
15,981,555.56
18,265,944.44
15,595,166.67
21,652,944.44
53,970,333.33
55,476,000
38,242,818.18
25,955,090.91
37,411,636.36
40,985,200
36,779,400
43,889,181.82
61,561,545.45
27,680,545.45
42,065,818.18
- -
26,882,181.82
Basic EPS, GAAP
19,691,055.56
24,993,611.11
23,122,000
36,006,277.78
56,824,666.67
101,578,333.33
50,249,545.45
34,011,454.55
56,654,363.64
-9,269,400
54,335,200
130,831,000
25,409,181.82
77,210,727.27
-15,069,181.82
- -
- -
Free Cash Flow per Basic Share
4,008,833.33
4,852,666.67
5,443,611.11
5,428,611.11
19,885,000
15,601,000
9,181,363.64
11,232,272.73
11,241,636.36
14,423,700
13,770,500
12,590,090.91
14,545,363.64
18,308,181.82
22,839,454.55
- -
- -
Dividend per Share
101,300,611.11
114,710,555.56
124,872,277.78
141,091,388.89
457,399,666.67
497,280,000
298,469,363.64
265,588,181.82
291,738,818.18
172,693,800
207,133,700
230,734,636.36
290,751,454.55
299,676,181.82
345,332,090.91
- -
323,171,545.45
Book Value per Share
72,227,944.44
73,672,555.56
83,275,500
102,144,333.33
136,926,333.33
186,147,000
82,416,272.73
97,233,818.18
126,197,090.91
134,760,900
44,891,300
122,634,636.36
164,976,090.91
102,915,454.55
108,926,181.82
- -
78,097,181.82
Tangible Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic Weighted Avg Shares
3,643
4,069
5,337
5,963
5,871
5,772
4,660
4,775
5,044
4,932
4,853
10,505
5,747
9,449
12,566
11,222
7,352
Sales/Revenue/Turnover
13.74
14.84
9.33
10.81
9.39
9.91
13.5
8.53
10.99
10.46
9.85
8.63
18.3
9.34
8.64
6.65
11.62
Operating Margin (%)
151
187
220
208
195
179
105
85
87
83
67
281
242
299
444
380
- -
Depreciation Expense
288
329
281
390
324
333
421
286
412
410
368
483
677
304
463
474
296
Net Income, GAAP
41.38
41.61
44.09
38.84
39.59
37.54
31.77
28.94
29.32
29.64
30.15
39.38
34.4
47.94
43
29.02
42.68
Effective Tax Rate (%)
7.9
8.08
5.26
6.54
5.52
5.77
9.03
5.98
8.16
8.31
7.58
4.6
11.78
3.22
3.68
4.22
4.02
Profit Margin (%)
642
842
1,148
1,402
556
777
587
715
1,078
1,645
1,432
1,918
2,007
1,357
2,741
2,503
1,765
Working Capital
- -
- -
15
12
127
25
3
2
1
1,000
1,886
1,551
1,359
1,377
2,686
432
2,361
LT Debt
1,571
1,619
1,809
2,121
1,038
1,238
1,015
1,173
1,463
1,404
1,747
2,344
2,790
3,444
3,666
3,594
3,409
Total Equity
17.85
20.02
15.08
18.76
18.24
25.23
29.38
21.86
28.2
17.91
10.39
12.77
14.24
7.4
7.68
7.9
5.9
Return on Invested Capital (%)
16.77
16.91
13.38
15.29
10.98
10.57
12.53
8.74
13.41
13.8
10.76
11.29
13.63
3.84
4.61
7.07
2.53
Return on Capital (%)
16.77
16.91
13.02
16.28
12.26
11.62
13.43
9.2
13.43
16.61
19.37
20.95
23.61
9.38
13.04
12.15
8.53
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
1,873
- -
2,641
LT Borrowings
2,685
- -
2,361
LT Finance Leases
1
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
- -
- -
Market Capitalization
- -
- -
- -

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
9,126
- -
8,277
Cash, Cash Equivalents & STI
4,449
- -
4,370
Accounts Receivable, Net
2,173
- -
1,680
Inventories
884
- -
1,744
Total Current Liabilities
6,385
- -
6,512
Payables & Accruals
- -
- -
- -
ST Debt
1,873
- -
2,641
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.37%
16.23%
-1.95%
Free Cash Flow
-65.75%
23.72%
-50.03%
Net Income, GAAP
9.85%
14.16%
2.33%
Sales/Revenue/Turnover
14.29%
31.57%
-10.7%
Total Cash Common Dividend
12.04%
15.59%
11.25%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1,363
1,487
3,836
2,764
9,449
2024
2,428
2,785
4,324
3,029
12,566
2025
- -
- -
- -
- -
11,222

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
3,448,909.09
- -
- -
- -
27,680,545.45
2024
241,454.55
- -
- -
- -
42,065,818.18
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
18,308,181.82
2024
- -
- -
- -
- -
22,839,454.55
2025
- -
- -
- -
- -
- -
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Business
Estore Corporation (ESTTF), founded in 1999 and headquartered in Tokyo, Japan, operates as a comprehensive provider of electronic commerce (EC) support services primarily targeting small to medium-sized enterprises and sole proprietors in Japan. The company offers core products and services including Shopserve, a SaaS-type system for labor-related services; Sell-Side solution, an EC construction framework; PayPlug, a payment plugin supporting credit cards, electronic money, convenience store payments, BNPL, Amazon Pay, and PayPay with unified authentication, settlement, and reconciliation; Premium SaaS platforms equipped with CRM for customer retention amid population decline, featuring internet connectivity, SendGrid email, CDN, auto-scaling, TLS-secured email, and RFM/decil/LTV analysis; marketing agency services encompassing EC site construction, LP/banner production, web design, copywriting, photography, branding, and UI/UX design; CRM planning with scenario design, MA tool operation, email/SNS campaigns; and promotion services including web/SNS/video advertising, influencer strategies, and comprehensive PDCA-driven plans focused on LTV maximization. Estore conducts its operations predominantly within Japan through segments such as sales promotion services, sales promotion systems, sales systems, and electronic certification. In recent developments, BASE Inc. announced its acquisition of Estore Corporation in late 2024, valued at 3.3 billion yen and expected to complete by mid-2025, aiming to enhance EC capabilities; additionally, Estore acquired SHIFFON shares for consolidation and earlier integrated Commerce21 Corporation to bolster tailored e-commerce site solutions supporting millions of products.