Link and Motivation Inc.

Link and Motivation Inc.

TTSE:2170
580.00
JPY
-6.00
(-1.02%)
58.41BMarket Cap
Nov 12Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
231.05
272.7
282.58
306.28
349.3
378.15
362.32
293.41
310.16
293.79
304.83
348.84
383.46
- -
Basic EPS, GAAP
8.59
8.98
-2.8
16.58
19.95
18.41
10.3
-9.49
8.72
18.45
25.5
34.37
14.97
- -
Free Cash Flow per Basic Share
1.15
5.04
8.37
13.17
13.91
24.66
25.79
29.06
29.43
22.56
33.08
44.98
42.39
- -
Dividend per Share
3.01
3.95
4.39
5.06
5.98
6.72
7.09
7.19
7.27
7.59
10.37
11.86
15.09
- -
Book Value per Share
39.17
60.45
38.43
45.26
63.36
72.86
67.13
35.84
67.16
81.18
92.87
105.98
122.5
115.2
Tangible Book Value per Share
-3.29
-13.54
-12.37
-8.58
-14.61
-6.59
-9.33
-75.12
-37.21
-24.26
-12.57
-1.19
-9.55
-25.9
Basic Weighted Avg Shares
97
106
113
109
106
106
105
105
105
112
111
107
108
109
Sales/Revenue/Turnover
22,384
28,874
31,951
33,321
36,894
39,941
38,191
30,785
32,644
32,776
33,969
37,458
41,522
- -
Operating Margin (%)
6.96
6.07
2.72
7.41
9.12
9.58
5.26
2.8
6.33
11.07
13.61
14.64
10.12
- -
Depreciation Expense
821
1,159
1,282
558
626
751
2,480
2,798
2,870
1,732
1,688
1,714
1,818
- -
Net Income, GAAP
832
950
-317
1,804
2,107
1,945
1,086
-996
918
2,058
2,842
3,691
1,621
- -
Effective Tax Rate (%)
34.73
39.04
155.88
24.9
35.8
43.34
42.75
145.82
42.09
38.16
31.31
25.2
52.14
- -
Profit Margin (%)
3.72
3.29
-0.99
5.41
5.71
4.87
2.84
-3.24
2.81
6.28
8.37
9.85
3.9
- -
Working Capital
-888
-1,586
-3,794
-2,921
-4,540
-4,284
-1,377
-4,555
-5,286
-1,104
-426
3,825
3,492
4,206
LT Debt
1,179
2,959
2,287
3,438
5,418
6,458
24,092
19,160
5,645
5,156
3,933
7,966
9,226
11,283
Total Equity
3,795
6,835
4,345
4,780
6,696
7,681
7,033
4,917
8,647
11,242
12,939
14,384
16,816
15,882
Return on Invested Capital (%)
16.06
10.88
-4
16.32
14.43
11.42
3.97
-1.1
4.2
9.68
13.19
15.69
6.63
- -
Return on Capital (%)
14.63
10.89
-3
17.39
15.4
11.37
4.22
-3.33
3.29
8.84
11.2
13.58
4.43
- -
Return on Common Equity (%)
23.64
17.88
-5.66
39.54
36.73
27.04
14.74
-18.44
16.32
24.87
29.57
34.41
13.03
- -

Capital Structure

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
ST Debt
4,729
- -
6,845
LT Borrowings
4,019
- -
9,369
LT Finance Leases
2,378
- -
1,914
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
107
108
107
Market Capitalization
50,074
59,737
58,408

Working Capital

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
Total Current Assets
13,568
- -
18,485
Cash, Cash Equivalents & STI
7,575
- -
11,501
Accounts Receivable, Net
4,453
- -
4,967
Inventories
374
- -
355
Total Current Liabilities
10,972
- -
14,279
Payables & Accruals
- -
- -
- -
ST Debt
4,729
- -
6,845
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.53%
29.81%
16.91%
Free Cash Flow
20.3%
11.07%
-4.97%
Net Income, GAAP
-95.28%
-11.22%
-56.08%
Sales/Revenue/Turnover
3.07%
6.24%
10.85%
Total Cash Common Dividend
13.15%
17.43%
28.26%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,307
9,696
- -
- -
37,458
2025
- -
- -
- -
- -
41,522
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.84
10.68
- -
- -
34.37
2025
- -
- -
- -
- -
14.97
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.92
2.91
- -
- -
11.86
2025
- -
- -
- -
- -
15.09
2026
- -
- -
- -
- -
- -

Company Description

CEO
Toshiya Kondo
Full Time Employees
1,629
Sector
Commercial services
Industry
Personnel services
Address
Kabukiza Tower Tokyo TY Japan 104-0061
IPO Date
Dec 17, 2007
Website
lmi.ne.jp
Business
Link and Motivation Inc. is a Japan-based company specializing in consulting and cloud services aimed at transforming business organizations through its proprietary technology called Motivation Engineering. It offers a comprehensive suite of products and services, including Motivation Cloud, a cloud-based platform for organizational diagnosis and employee engagement; Stretch Cloud and Communication Cloud solutions; organization development services such as engagement surveys, organizational strategy, brand strategy, and recruiting strategy; as well as venture incubation services. The company also provides human resources development programs covering new employee training, mid-career employee training, management and executive training, thematic and business skills training, global human resources, and IT skills training. Additionally, it delivers human resource recruitment services encompassing recruitment strategy design, recruitment efficiency, strengthening services, and mismatched prevention measures. Founded in 2000 and headquartered in Tokyo, Link and Motivation operates primarily in Japan with expanding overseas subsidiaries in Asian countries including Singapore, Vietnam, Thailand, and the Philippines. The company operates through multiple divisions and subsidiaries covering organizational development, individual development, and matching services. Major subsidiaries include Unipos Inc., Link Saussure Inc., and others, supporting its broad service offerings. Recent major changes include a stock swap agreement to make Unipos Inc. a wholly owned subsidiary to bolster its Consulting & Cloud business. This acquisition enables the integration of Peer Bonus® Unipos service into its Motivation Cloud platform, enhancing employee engagement solutions and enabling cross-selling between the two companies' customer bases. Link and Motivation also formed a strategic business alliance with Fukuoka Financial Group to expand the reach of its Motivation Cloud Basic offering to approximately 52,000 companies. Moreover, it has established subsidiaries in four Asian countries to accelerate the rollout of its Motivation Cloud series internationally. The company continues to emphasize expanding recurring revenues from cloud services and investing in human resource capabilities and technology partnerships to drive growth and transformation services. Link and Motivation targets large corporations primarily in Japan, extending support for human capital management and organizational transformation, with plans to increase international presence through subsidiaries and partnerships. It leverages extensive diagnostic and transformation technologies, applying academic insights from business administration, social systems theory, and behavioral economics to enhance organizational effectiveness and employee motivation. The company is publicly listed under ticker 2170.T and reported revenues of approximately 37.4 billion yen for the fiscal year 2024, maintaining a focus on motivation management, consulting, and cloud technology services for organizational improvement and development across diverse sectors. This description reflects the company’s main products, services, geographic reach, business segments, founding year, headquarters, and recent strategic expansions including its acquisition of Unipos Inc. and its alliance for regional growth in Asia, capturing its status as a pioneering motivation engineering firm in consulting and cloud services in Japan and beyond.