Scala, Inc.

Scala, Inc.

TTSE:4845
331.00
JPY
+2.00
(+0.61%)
6.70BMarket Cap
Nov 13Next Earn
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
119.54
124.08
134.83
160.17
183.76
630.35
759.83
1,010.37
438.18
496.37
542.6
683.37
472.46
- -
Basic EPS, GAAP
12.52
13.75
15.89
25.91
56.5
176.61
41.88
55.87
18.46
174.62
-29.66
-12.62
-166.53
- -
Free Cash Flow per Basic Share
26.02
18.55
22.88
36.12
15.79
26.69
53.43
88.68
14.89
-2.85
104.88
22.67
8.78
- -
Dividend per Share
5.53
6.45
7.43
9.69
12.32
15.63
18.98
22.2
25.77
29.86
35.94
36.47
37.35
20.32
Book Value per Share
105.77
113.71
123.63
142.79
232.42
355.22
381.21
413.08
422.79
577.51
497.29
451.84
250.01
251.64
Tangible Book Value per Share
84.35
93.62
105.34
124.58
202.57
-36.07
-20.61
-12.72
-52.88
456.71
292.62
269.81
187.01
190.46
Basic Weighted Avg Shares
14
14
14
14
15
17
17
17
17
18
18
17
17
17
Sales/Revenue/Turnover
1,670
1,733
1,883
2,237
2,694
10,664
12,829
17,112
7,625
8,713
9,569
11,838
8,193
- -
Operating Margin (%)
28.09
30.57
20.07
27.09
23.02
35.04
12.06
12.58
2.98
4.7
-1.29
3.04
-17.68
- -
Depreciation Expense
55
49
56
31
41
301
358
445
936
983
684
792
711
- -
Net Income, GAAP
175
192
222
362
828
2,988
707
946
321
3,065
-523
-219
-2,888
- -
Effective Tax Rate (%)
26.74
33.24
35.79
34.58
30.75
9.3
30.88
31.78
28.68
- -
- -
28.54
- -
- -
Profit Margin (%)
10.47
11.08
11.79
16.18
30.75
28.02
5.51
5.53
4.21
35.18
-5.47
-1.85
-35.25
- -
Working Capital
932
1,038
1,236
329
-214
3,868
3,967
5,181
3,613
8,079
6,094
4,576
3,594
3,371
LT Debt
100
- -
- -
- -
- -
3,544
3,241
4,017
6,206
4,740
5,409
4,114
2,549
2,582
Total Equity
1,477
1,588
1,727
1,994
3,911
7,920
8,645
9,608
10,343
10,471
9,006
8,089
4,570
4,541
Return on Invested Capital (%)
11.4
12.97
14.33
16.98
8.57
33.17
8.07
9.92
0.85
- -
- -
1.65
- -
- -
Return on Capital (%)
11.13
12.06
13.39
17.78
17.41
26.26
2.83
3.13
0.32
- -
- -
-1.1
- -
- -
Return on Common Equity (%)
12.24
12.53
13.39
19.45
28.06
60.39
11.37
14.06
4.46
34.9
-5.55
-2.65
-47.46
- -

Capital Structure

JPY

•

in mil. unless spec.
Mar'24
Jun'24
Dec'25
ST Debt
4,413
3,637
2,785
LT Borrowings
2,929
2,445
1,978
LT Finance Leases
218
104
604
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
17
17
17
Market Capitalization
12,768
11,991
6,701

Working Capital

JPY

•

in mil. unless spec.
Mar'24
Jun'24
Dec'25
Total Current Assets
10,482
9,106
8,078
Cash, Cash Equivalents & STI
7,680
6,817
5,632
Accounts Receivable, Net
1,388
1,324
1,427
Inventories
467
367
418
Total Current Liabilities
6,483
5,512
4,707
Payables & Accruals
- -
- -
- -
ST Debt
4,413
3,637
2,785
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.56%
-11.76%
-43.51%
Free Cash Flow
-387.67%
-828.37%
-61.2%
Net Income, GAAP
224.44%
366.85%
1,221.22%
Sales/Revenue/Turnover
35.03%
-7.68%
-30.79%
Total Cash Common Dividend
20.8%
11.85%
2.51%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
2,945
3,392
3,203
2,779
11,838
2024
2,797
2,898
2,913
2,338
8,193
2025
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
2.96
2.26
8.11
-25.93
-12.62
2024
-6.04
-8.15
-79.64
-72.64
-166.53
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
15.86
2.07
18.42
0.1
36.47
2024
17.02
1.64
18.5
0.2
37.35
2025
- -
- -
- -
- -
- -

Company Description

CEO
Hideaki Nitta
Full Time Employees
429
Sector
Technology services
Industry
Information technology services
Address
Shibuya Hikarie Tokyo TY Japan 150-8510
IPO Date
May 1, 2001
Business
Scala, Inc. (TSE: 4845) operates as an IT conglomerate primarily providing digital transformation (DX) solutions, human resources (HR) services, trading card game (TCG) e-commerce, and incubation initiatives in Japan. Founded in 1991 and headquartered in Shibuya, Tokyo, the company structures its operations across four key segments through subsidiaries including Scala Communications, Inc., EGG CO., LTD., ASPLA inc., Scala PLAYce, Inc., and SOCIALX, INC.; the DX Business, its largest segment at over 50% of revenue, delivers SaaS/ASP services such as i-search (internal website search engine), i-ask (FAQ system), i-assist (web chatbot), i-livechat (web chat), i-dentify (incoming call authentication), and SaaS-type IVR (interactive voice response), alongside SES (system engineering services), custom software development, alliance-based co-creation solutions like public facility reservation systems with xID Inc. and healthcare platforms with Otsuka Pharmaceutical Co., Ltd., Furusato Nozei taxation management systems, frailty prevention apps for local governments, call center operations via Scala Service, Inc., and media distribution services; the HR Business offers new graduate recruiting support for university student athletes and career education through ASPLA inc., plus mid-career job change services via GeaREmake, Inc. established in January 2024; the TCG Business (formerly EC Business, renamed July 2025) runs Yuyu-Tei, Japan's leading e-commerce platform for buying, selling, and strategizing competitive trading card games with over 315,000 members, overseas direct sales launched in December 2024, and an inventory management system sold to wholesalers; the Incubation Business provides strategic M&A advisory and DX support for growth-market listed companies, plus public-private co-creation via SOCIALX's Gyaku Propo platform, SOCIALX IMPACT FUND (launched with QR Investment Ltd. for ¥600mn impact investing in startups solving social issues, targeting ¥1.0bn by end-2025), and SOCIALX Acceleration OEM for MUFG Bank, Ltd. initiatives matching 15 startups to 31 local government projects in August 2025. In recent developments, Scala completed two-year business structural reforms by FY6/25 (ended June 30, 2025), divesting non-synergistic services, selling all shares in Nihon Pet Small-amount Short-term Insurance Company and Retool, Inc., liquidating Leoconnect, Inc. and SCSV-1 Investment Limited Partnership, returning to profitability with ¥751mn operating income (from prior ¥1,448mn loss) and revenue of ¥8,179mn, while launching SES at Scala Communications, co-creation DX in healthcare/livestock, frailty prevention in 20+ local governments (¥100mn annual sales), overseas TCG direct delivery, TCG distribution base expansion (doubling capacity April 2025), a three-year medium-term plan (FY6/26-28) targeting ¥11,800mn revenue and ¥1,100mn operating income (13.0% revenue CAGR, 25.2% Non-GAAP operating income CAGR) via AI efficiencies and double-digit growth in DX/HR/TCG, FY6/26 forecasts of ¥8,800mn revenue (+7.6%) and ¥630mn operating income with proactive investments in human resources/infrastructure/M&A, a ¥17.0 per share dividend (up ¥0.5 from FY6/25's ¥16.5, targeting ~50% of net income before tax excluding extras), plans to open new HR bases in Sendai or Fukuoka around February 2026, and a Prime Market continued listing improvement plan following FY6/25 criteria shortfall. The company primarily serves corporations, local governments, financial institutions, and gaming enthusiasts in Japan, with overseas TCG expansion and ambitions for government/overseas markets under its new mid-term strategy.