1. Japan Stocks

  2. •

    Technology services

  3. •

    Packaged software
CRI Middleware Co., Ltd.

CRI Middleware Co., Ltd.

TTSE:3698
1,214.00
JPY
+13.00
(+1.08%)
4.85BMarket Cap
Nov 05Next Earn
CRI Middleware Co., Ltd.
TSE:3698
(Tokyo Stock Exchange)

Recent

price

1,214.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
JPY
255.45
296.07
281.65
298.98
266.46
344.99
366.44
443.88
531.83
520.62
562.97
606.2
659.95
- -
Revenue per Share
13.72
36.62
37.95
45.56
16.94
59.8
53.26
70.6
36.72
-62.23
43.78
58.27
80.51
- -
Basic EPS, GAAP
20.49
52.65
20.87
48.95
2.21
56.26
1.9
62.79
65.38
-75.03
62.15
41.27
158.71
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
17.76
- -
14.9
20
- -
Dividend per Share
212.96
251.26
340.44
389.95
407.64
487.22
547.18
680.53
722.61
643.15
673.88
715.65
775.96
797.5
Book Value per Share
208.34
245.79
334.25
379.2
390.93
456.08
505.02
625.28
670.77
573.02
592.01
643.5
723.14
750.5
Tangible Book Value per Share
4
4
4
4
5
5
5
5
5
5
5
5
5
5
Basic Weighted Avg Shares
988
1,145
1,196
1,335
1,259
1,641
1,784
2,350
2,893
2,841
2,991
3,167
3,449
- -
Sales/Revenue/Turnover
6.97
18.83
22.33
24.46
9.44
24.47
20.66
19.46
9.83
3.43
11.53
11.63
16.08
- -
Operating Margin (%)
10
11
15
25
25
42
45
83
129
138
127
154
129
- -
Depreciation Expense
53
142
161
203
80
284
259
374
200
-340
233
304
421
- -
Net Income, GAAP
36.27
36.21
38.46
35.25
33.3
31.25
30.43
24.73
28.31
- -
22.73
22.18
24.25
- -
Effective Tax Rate (%)
5.37
12.37
13.47
15.24
6.36
17.33
14.53
15.91
6.9
-11.95
7.78
9.61
12.2
- -
Profit Margin (%)
785
926
1,326
1,705
2,753
2,947
2,957
2,830
4,144
3,707
3,800
4,093
3,388
3,422
Working Capital
- -
- -
- -
310
1,330
1,330
1,020
- -
1,000
1,000
1,000
1,000
- -
- -
LT Debt
824
972
1,470
1,839
1,929
2,340
2,698
3,681
3,962
3,536
3,550
3,768
4,098
4,203
Total Equity
- -
14.47
12.77
11.27
2.89
7.79
6.5
7.83
4.18
- -
5.83
6.07
8.35
- -
Return on Invested Capital (%)
- -
15.78
13.19
11.24
2.96
8.21
6.76
8.56
3.95
- -
5.16
6.67
8.35
- -
Return on Capital (%)
- -
15.78
13.19
12.29
4.25
13.33
10.31
11.75
5.24
-9.11
6.62
8.39
10.79
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Dec'24
Mar'24
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
1,000
1,000
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
5
5
Market Capitalization
4,707
4,321
4,850

Working Capital

JPY

•

in mil. unless spec.
Dec'24
Mar'24
Mar'26
Total Current Assets
4,118
4,309
3,907
Cash, Cash Equivalents & STI
3,508
3,610
2,839
Accounts Receivable, Net
498
619
954
Inventories
25
17
11
Total Current Liabilities
365
429
485
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
11.52%
2.43%
8.76%
Free Cash Flow
578.29%
-27.78%
284.6%
Net Income, GAAP
-15.98%
-83.2%
38.18%
Sales/Revenue/Turnover
11.81%
8.27%
8.88%
Total Cash Common Dividend
- -
- -
34.21%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
673
827
- -
- -
3,167
2025
- -
- -
- -
- -
3,449
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.71
24.45
- -
- -
58.27
2025
- -
- -
- -
- -
80.51
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
14.9
2025
- -
- -
- -
- -
20
2026
- -
- -
- -
- -
- -
Similar Companies
Microsoft Corporation (NASDAQ:MSFT)
Palantir Technologies Inc. (NASDAQ:PLTR)
Nebius Group N.V. (NASDAQ:NBIS)
Oracle Corporation (NYSE:ORCL)
CoreWeave, Inc. (NASDAQ:CRWV)
ServiceNow, Inc. (NYSE:NOW)
Business
CRI Middleware Co., Ltd. CRI Middleware Co., Ltd. (3698.T) develops and licenses audio, video, and related middleware solutions primarily under the CRIWARE and OPTPiX brands for the gaming and enterprise sectors; core products include CRI ADX for advanced audio streaming and spatial sound design with tools like Atom Craft, CRI Sofdec for multi-platform video playback now supporting the AV1 codec since April 2025, CRI Clovis for in-game video streaming, OPTPiX SpriteStudio for 2D animation, OPTPiX ImageStudio for image optimization and super-resolution, CRI TeleXus for voice communication, CRI BEATWIZ for music analysis in rhythm games, CRI Sound Factory for procedural audio generation, and CRI D-Amp Driver for software-based digital amplification, alongside services such as contract software development, sound production via subsidiary TWOFIVE Co., Ltd., and technical support. The company operates gaming business segments focused on smartphone, console, and PC titles adopted in over 9,000 games worldwide, and enterprise segments targeting embedded systems including karaoke devices, in-vehicle equipment, home appliances, IoT, mobility/SDV simulations via partnerships like Open SDV Initiative, healthcare, security cameras, and web video; it maintains subsidiaries CRI Middleware China Co., Ltd. in Shanghai for licensing and support, CRI Middleware, Inc. in California, and TWOFIVE for production services. Founded August 1, 2001 and headquartered at 11/F, Infoss Tower, 20-1 Sakuragaoka-cho, Shibuya-ku, Tokyo, Japan, CRI Middleware conducts R&D in digital signal processing, AI-enhanced audio/video, 2D/3D graphics, and communication technologies, with global reach through events like GDC 2025, CEDEC 2025, and OTOTEN2025 demonstrations of new features in Atom Craft mixer, Sound xR spatial audio, Video Frame Interpolation, and partnerships such as Dirac for enhanced sound in mobile/PC, IoT, gaming, and automotive, plus middleware provision for Sega Sammy Creation's video casino machines including Railroad Riches on Genesis Atmos cabinets; recent strategic moves encompass CRI Sofdec AV1 support rollout, upward revisions to FY9/25 earnings forecasts amid 16.7% revenue growth to 2.611 billion yen and 147% operating profit surge in Q3, mid-to-long-term diversification into mobility/MaaS and TeleXus ventures beyond games, and ongoing global expansion via R&D investments and alliances.