FINDEX Inc.

FINDEX Inc.

TTSE:3649
865.00
JPY
-7.00
(-0.80%)
19.12BMarket Cap
Nov 12Next Earn
FINDEX Inc.
TSE:3649
(Tokyo Stock Exchange)

Recent

price

865.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
JPY
58.2
64.88
77.64
91.79
110.23
113.7
127.27
128.39
139.67
167.25
156.41
194.03
177.27
202.51
227.63
243.37
- -
Revenue per Share
9.82
9.33
16.87
19.95
24.25
17
19.35
14.21
15.43
19.5
16.81
24.84
28.21
41.31
45.3
50.07
- -
Basic EPS, GAAP
6.91
-1.02
10.63
10.8
39.95
-5.19
30.72
8.14
10.16
50.72
10.98
18.78
14.85
21.84
62.2
54
- -
Free Cash Flow per Basic Share
0.51
0.71
1.2
1.97
4.98
4.99
7.36
7.03
7.08
8.07
8.07
8.06
9.06
10.55
16.08
16.26
- -
Dividend per Share
19.63
38.32
53.04
70.92
90.2
97.09
101.92
109.14
99.44
111.03
120.03
137.03
157.63
188.67
218.24
222.91
231.43
Book Value per Share
12.99
30.44
41.9
58.63
79.17
76.4
81.14
88.93
81.79
96.02
109.02
127.7
147.82
177.35
206.13
210.64
219.06
Tangible Book Value per Share
20
24
26
26
26
26
26
26
26
26
26
26
26
26
26
25
25
Basic Weighted Avg Shares
1,145
1,543
1,988
2,383
2,864
2,952
3,288
3,312
3,603
4,282
4,005
4,969
4,541
5,192
5,841
6,110
- -
Sales/Revenue/Turnover
29.38
26.1
35.73
34.2
34.66
22.71
22.04
16.5
16.46
17.35
15.89
18.53
22.65
28.83
26.11
29.3
- -
Operating Margin (%)
86
124
179
241
286
306
349
377
407
426
381
308
255
258
291
307
- -
Depreciation Expense
193
222
432
518
630
441
500
367
398
499
430
636
723
1,059
1,162
1,257
- -
Net Income, GAAP
41.6
43.52
41.24
38.23
37.53
34.04
31.03
33.85
32.98
32.89
33.2
32.69
31.7
30.37
24.77
28.34
- -
Effective Tax Rate (%)
16.87
14.38
21.73
21.73
22
14.95
15.2
11.07
11.05
11.66
10.75
12.8
15.92
20.4
19.9
20.57
- -
Profit Margin (%)
305
660
959
1,362
1,900
1,842
1,994
2,185
1,781
2,145
2,617
2,880
3,474
4,234
2,808
2,717
2,960
Working Capital
100
- -
- -
- -
- -
3
2
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
399
953
1,376
1,843
2,343
2,504
2,629
2,815
2,545
2,843
3,073
3,513
4,043
4,845
5,607
5,467
5,683
Total Equity
33.13
23.92
29.23
27.22
26.39
16.96
18.52
12.57
14.24
17.55
13.69
17.83
17.5
22.06
20.78
21.97
- -
Return on Invested Capital (%)
38.43
27.05
35.02
32.09
30.08
18.2
19.45
13.62
14.85
18.53
14.55
19.26
19.05
23.78
22.28
22.31
- -
Return on Capital (%)
63.21
32.85
37.09
32.18
30.1
18.21
19.48
13.47
14.85
18.53
14.55
19.32
19.15
23.86
22.26
22.76
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
26
24
24
Market Capitalization
26,101
20,235
19,124

Working Capital

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
Total Current Assets
5,469
- -
3,884
Cash, Cash Equivalents & STI
4,435
- -
2,471
Accounts Receivable, Net
735
- -
1,100
Inventories
242
- -
176
Total Current Liabilities
798
- -
924
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.47%
12.49%
-2.5%
Free Cash Flow
-15.29%
53.47%
-15.06%
Net Income, GAAP
13.26%
25.17%
8.14%
Sales/Revenue/Turnover
8.02%
9.38%
4.6%
Total Cash Common Dividend
13.62%
16.06%
-1.07%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,125
1,081
- -
- -
5,841
2025
- -
- -
- -
- -
6,110
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
25.07
2.27
- -
- -
45.3
2025
- -
- -
- -
- -
50.07
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
16.08
2025
- -
- -
- -
- -
16.26
2026
- -
- -
- -
- -
- -
Business
FINDEX Inc. is a Japan-based R&D technology company specializing in the development and sale of medical data management systems, document management systems, and health tech solutions. Its core product offerings include medical data management software such as Claio; medical consultation efficiency tools like Medical Avenue; cloud-based services under the PiCls brand including PiCls Referral and PiCls Booking Assistant; electronic tracing report AAde-Report; gaze analyzing perimeter GAP-screener for eye-tracking analysis related to mild cognitive impairment; and document management systems including DocuMaker Office. The company operates primarily in the healthcare, public sector, and health tech industries, targeting medical institutions, government agencies, and research organizations across Japan with expanding efforts in global ophthalmology markets. Founded in 1985 and headquartered in Tokyo, FINDEX also focuses on integrating AI and cloud computing into its product ecosystem, including generative AI products like CocktailAI and second digital certificate services for electronic prescriptions. Recent strategic developments in the last 1-2 years include launching the PiCls cloud-based service brand in September 2023, strengthening digital networking solutions in healthcare, expanding multi-channel marketing, and entering several large-scale projects serving over 5,000 users per facility. The company continues its growth strategy under a Medium-Term Business Plan "Vision for 2025," targeting record sales and profit margins supported by enhanced product features and new distributor partnerships. FINDEX transitioned EMC Healthcare Co., Ltd. from a consolidated subsidiary to an equity-method affiliate in July 2022 and has made significant operational and organizational changes, including moving to the Tokyo head office and advancing cloud-based services with integrated AI functionalities. It also pursues research in medical technology areas such as drug discovery support and mild cognitive impairment detection using eye-tracking technologies. The company recorded substantial revenue and profit growth in fiscal 2024 driven by increased outsourcing related to data migration and strategic investments in human resources. FINDEX also engages in public sector system development and health tech business segmentation, offering support services like CocktailAI and maintaining a focus on medical DX (digital transformation) solutions aligned with Japan's Next Generation Medical Infrastructure Act. Its market presence is reinforced through partnerships and ongoing expansion of its core medical and public sector product lines, with an emphasis on cloud, SaaS, and cross-selling strategies to increase customer adoption and product functionality. The company remains publicly listed on the Tokyo Stock Exchange Prime Market under ticker 3649.T.