1. Japan Stocks

  2. •

    Technology services

  3. •

    Packaged software
CHANGE Holdings,Inc.

CHANGE Holdings,Inc.

TTSE:3962
922.00
JPY
+12.00
(+1.32%)
64.71BMarket Cap
Nov 12Next Earn
CHANGE Holdings,Inc.
TSE:3962
(Tokyo Stock Exchange)

Recent

price

922.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

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

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
- -
- -
- -
- -
- -
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
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.