1. Japan Stocks

  2. •

    Technology services

  3. •

    Packaged software
CHANGE Holdings,Inc.

CHANGE Holdings,Inc.

TTSE:3962
910.00
JPY
-14.00
(-1.52%)
64.71BMarket Cap
Nov 12Next Earn
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
32.64
34.48
38.49
48.6
103.66
167.32
224.19
276.78
511.61
661.97
759.32
- -
Basic EPS, GAAP
1.93
2.63
4.47
6.41
8.24
32.52
58.78
53.31
58.91
106.6
99.71
- -
Free Cash Flow per Basic Share
2.21
1.16
5.32
4.04
-1.62
69.11
46.11
-59.86
136.1
97.4
91.26
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
4.48
9.98
19.28
20.9
- -
Book Value per Share
7.33
16.81
21
30.57
93.44
126.12
422.66
504.21
545.68
592
671.97
- -
Tangible Book Value per Share
7.17
16.67
20.13
30.06
15.31
42.8
343.59
348.56
164.66
49.04
124.88
- -
Basic Weighted Avg Shares
43
45
51
54
58
63
70
72
72
70
70
70
Sales/Revenue/Turnover
1,400
1,550
1,980
2,604
5,993
10,541
15,652
20,021
37,014
46,387
52,827
- -
Operating Margin (%)
17.24
20.54
16.73
19.72
17.14
39.87
38.24
28.72
25.86
26.86
20.99
- -
Depreciation Expense
14
9
13
27
346
572
743
972
1,823
2,482
2,647
- -
Net Income, GAAP
83
118
230
344
477
2,049
4,104
3,856
4,262
7,470
6,937
- -
Effective Tax Rate (%)
37
32.52
29.44
31.57
31.14
33.39
30.42
30.83
39.64
37.16
34.85
- -
Profit Margin (%)
5.91
7.64
11.61
13.2
7.95
19.44
26.22
19.26
11.51
16.1
13.13
- -
Working Capital
236
821
957
1,668
3,946
6,149
27,408
27,043
35,191
26,409
24,610
- -
LT Debt
96
37
40
100
2,635
2,289
1,372
1,910
19,733
27,748
22,298
- -
Total Equity
370
850
1,089
1,643
6,576
9,406
32,394
39,331
49,922
49,610
54,780
- -
Return on Invested Capital (%)
- -
16.59
21.14
21.66
11.86
23.86
16.99
10.04
7.39
10.33
8.49
- -
Return on Capital (%)
- -
16.34
21.96
23.25
5.92
12.39
17.92
10.03
7.31
9.48
8.41
- -
Return on Common Equity (%)
- -
19.41
23.72
25.16
12.71
29.67
21.37
11.52
11.22
18.52
15.78
- -

Capital Structure

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
ST Debt
6,782
6,821
- -
LT Borrowings
24,401
21,782
- -
LT Finance Leases
662
516
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
70
70
70
Market Capitalization
79,390
64,708
62,830

Working Capital

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
Total Current Assets
62,523
49,338
- -
Cash, Cash Equivalents & STI
25,873
26,189
- -
Accounts Receivable, Net
35,154
21,363
- -
Inventories
626
521
- -
Total Current Liabilities
41,178
24,728
- -
Payables & Accruals
- -
- -
- -
ST Debt
6,782
6,821
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
85.42%
60.51%
10.42%
Free Cash Flow
-516.39%
-125.13%
-6.97%
Net Income, GAAP
72.81%
34.58%
-7.14%
Sales/Revenue/Turnover
47.65%
40.1%
13.88%
Total Cash Common Dividend
- -
- -
7.62%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
46,387
2026
- -
- -
- -
- -
52,827
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
106.6
2026
- -
- -
- -
- -
99.71
2027
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
19.28
2026
- -
- -
- -
- -
20.9
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Daishi Fukudome
Full Time Employees
1,439
Sector
Technology services
Industry
Packaged software
Address
6th Floor Tokyo TY Japan 105-0001
IPO Date
Sep 27, 2016
Website
changeholdings.co.jp
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Business
CHANGE Holdings, Inc. is a Japan-based holding entity primarily engaged in facilitating digital transformation across various sectors. The company delivers advanced solutions and fosters digital talent within its NEW-IT Transformation division, leveraging cutting-edge algorithms and platforms in areas such as artificial intelligence, robotics, the Internet of Things, big data analytics, cloud computing, and cybersecurity, as well as broader new-IT projects. Concurrently, its Public Tech segment concentrates on regional revitalization and digital initiatives for public agencies, notably operating a prominent hometown tax donation platform. Established in Tokyo, Japan, in 2003, the company continuously expands its service offerings to drive productivity and innovation.