Strong Free Cash Flow GenerationSustained FCF growth (¥3,546m to ¥5,496m) and an OCF-to-net-income ratio of 1.40 indicate durable cash conversion. This supports reinvestment in products, recurring revenue expansion, dividends or strategic M&A, and provides a buffer through economic cycles.
High Gross And Operating MarginsVery high gross margin and healthy EBIT/EBITDA margins point to strong unit economics and pricing power in software and digital content. These structural margins enable sustained profitability, funding R&D and marketing while tolerating competitive pricing pressure over the medium term.
Diversified, Recurring Revenue ModelMultiple revenue streams—licenses, subscriptions, in-app purchases, partnerships and consulting—reduce single-product risk and increase recurring revenue share. This structural mix supports more predictable cash flows and cross-sell opportunities as digital consumption trends continue.