Top Page
RAKUS Co., Ltd.
(3923)
RAKUS Co., Ltd. (3923) vs. iShares MSCI Japan ETF (EWJ)
RAKUS Co., Ltd. Business Overview & Revenue Model
RAKUS Co., Ltd. Financial Statement Overview
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.77B | 48.90B | 38.41B | 27.40B | 20.63B | 15.39B |
| Gross Profit | 38.60B | 36.31B | 27.62B | 18.78B | 14.03B | 10.36B |
| EBITDA | 14.18B | 11.35B | 6.48B | 2.23B | 2.14B | 4.55B |
| Net Income | 9.47B | 8.00B | 4.18B | 1.27B | 1.08B | 2.94B |
Balance Sheet | ||||||
| Total Assets | 28.42B | 31.65B | 21.23B | 14.07B | 11.70B | 11.47B |
| Cash, Cash Equivalents and Short-Term Investments | 10.26B | 11.37B | 7.01B | 5.99B | 4.86B | 6.04B |
| Total Debt | 0.00 | 216.00M | 970.00M | 36.00M | 40.00M | 0.00 |
| Total Liabilities | 6.77B | 9.68B | 7.89B | 4.53B | 3.08B | 3.63B |
| Stockholders Equity | 21.64B | 21.98B | 13.35B | 9.55B | 8.62B | 7.84B |
Cash Flow | ||||||
| Free Cash Flow | 1.35B | 7.74B | 4.43B | 1.54B | -436.00M | 3.94B |
| Operating Cash Flow | 1.69B | 9.01B | 5.29B | 2.17B | -11.00M | 4.27B |
| Investing Cash Flow | -674.00M | -3.46B | -4.86B | -699.00M | -877.00M | -432.52M |
| Financing Cash Flow | -401.50M | -1.18B | 579.00M | -348.00M | -295.00M | -303.85M |
RAKUS Co., Ltd. Technical Analysis
RAKUS Co., Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥93.05B | 16.73 | ― | 2.32% | 5.09% | 26.12% | |
74 Outperform | ¥29.93B | 13.84 | ― | 4.36% | 12.32% | 10.42% | |
74 Outperform | ¥296.47B | 26.25 | ― | 0.22% | 25.00% | 62.07% | |
73 Outperform | ¥202.31B | 13.60 | ― | 2.55% | 10.98% | 8.65% | |
66 Neutral | ¥177.23B | 15.39 | 18.89% | 2.78% | 11.90% | 60.66% | |
65 Neutral | ¥32.20B | 10.11 | 10.34% | 4.82% | -3.03% | 38.83% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
RAKUS Co., Ltd. Corporate Events
RAKUS Co., Ltd. has completed a share buyback program authorized by its board on February 13, 2026, acquiring 6,275,600 common shares through market purchases on the Tokyo Stock Exchange between February 16 and 27 for approximately 5.0 billion yen. The company will cancel all of these treasury shares, representing 1.74% of issued shares, on March 31, 2026, reducing its total shares outstanding to 354,391,000 and signaling an effort to enhance capital efficiency and shareholder value through a leaner share structure.
The most recent analyst rating on (JP:3923) stock is a Hold with a Yen947.00 price target. To see the full list of analyst forecasts on RAKUS Co., Ltd. stock, see the JP:3923 Stock Forecast page.
RAKUS reported consolidated monthly sales of ¥5,247 million for January in fiscal 2026, up 20.5% year on year, signaling continued strong top-line growth. Cloud business sales rose 20.4% to ¥4,531 million, with monthly recurring revenue up 19.6%, underscoring the company’s expanding subscription base and stable revenue visibility.
Key products Raku Raku Seisan and Raku Raku Meisai maintained solid momentum, with sales increasing 14.6% and 28.8% year on year respectively, highlighting ongoing demand for digital expense and invoice management. The IT outsourcing business also grew 21.3% to ¥715 million, supporting diversified growth drivers, though the company noted figures are preliminary and subject to possible revision.
The most recent analyst rating on (JP:3923) stock is a Buy with a Yen878.00 price target. To see the full list of analyst forecasts on RAKUS Co., Ltd. stock, see the JP:3923 Stock Forecast page.
RAKUS Co., Ltd. released its earnings results for the third quarter of the fiscal year ending March 2026, covering performance in its consolidated operations. The disclosure outlines the status of its cloud business, IT outsourcing segment, key business topics, and guidance for full-year results, signaling management’s focus on transparency around growth drivers and segment-level performance.
The materials indicate that the company continues to organize its reporting around cloud and IT outsourcing, underscoring these as core pillars of its business model. By providing updated full-year guidance alongside segment information, RAKUS aims to give investors and stakeholders clearer visibility into how each business line contributes to overall earnings and the company’s strategic direction.
The most recent analyst rating on (JP:3923) stock is a Buy with a Yen878.00 price target. To see the full list of analyst forecasts on RAKUS Co., Ltd. stock, see the JP:3923 Stock Forecast page.
RAKUS Co., Ltd. reported strong results for the nine months ended December 31, 2025, with net sales rising 24.6% year on year to ¥44.3 billion and profit attributable to owners of parent jumping 71.7% to ¥9.6 billion. Operating and ordinary profits both increased by roughly two-thirds, while basic earnings per share, adjusted for a 2-for-1 stock split in October 2025, climbed to ¥26.59.
The company’s financial position also strengthened, with total assets up to ¥36.4 billion and the equity-to-asset ratio improving to 76.4%, reflecting enhanced capital efficiency. For the full fiscal year ending March 31, 2026, RAKUS is maintaining its forecast of ¥60.0 billion in net sales and ¥12.1 billion in profit attributable to owners, implying continued high double-digit growth.
The firm plans a year-end dividend of ¥3.40 per share post-split and has left its dividend forecast unchanged, signaling confidence in cash generation and shareholder returns. RAKUS also expanded its consolidation scope by adding PT. Reformasi Kerja Solusi, indicating a push to strengthen its presence and capabilities through overseas or new-business initiatives.
The most recent analyst rating on (JP:3923) stock is a Buy with a Yen878.00 price target. To see the full list of analyst forecasts on RAKUS Co., Ltd. stock, see the JP:3923 Stock Forecast page.
RAKUS Co., Ltd. will gratuitously acquire 200,000 of its own common shares from former director Yoshifumi Matsushima, representing about 0.06% of its outstanding shares excluding treasury stock. The transaction, scheduled for February 16, 2026, involves no acquisition cost and will increase the company’s treasury stock beyond the 81,657 shares held as of December 31, 2025.
The additional treasury shares are intended to support the delivery of restricted stock and to enhance flexibility in future capital policies, underscoring RAKUS’s focus on equity-based compensation and capital management tools. This move may strengthen alignment with employees and stakeholders while giving the company more options for strategic financing and shareholder-related measures over time.
The most recent analyst rating on (JP:3923) stock is a Buy with a Yen878.00 price target. To see the full list of analyst forecasts on RAKUS Co., Ltd. stock, see the JP:3923 Stock Forecast page.
RAKUS Co., Ltd. has announced that its board has approved the acquisition and subsequent cancellation of up to 8.8 million of its own common shares, representing 2.44% of outstanding shares, for a total cost of up to 5.0 billion yen. The buyback will be conducted via market purchases on the Tokyo Stock Exchange between February 16 and March 19, 2026, with all acquired shares scheduled to be cancelled on March 31, 2026.
The company states that the move is aimed at enhancing shareholder returns and improving capital efficiency by permanently reducing the number of shares outstanding. By cancelling all repurchased shares rather than holding them as treasury stock, RAKUS is signaling a commitment to long-term capital discipline, which may support earnings per share and underscores management’s focus on shareholder value in a competitive technology services market.
The most recent analyst rating on (JP:3923) stock is a Buy with a Yen878.00 price target. To see the full list of analyst forecasts on RAKUS Co., Ltd. stock, see the JP:3923 Stock Forecast page.
RAKUS Co., Ltd. has decided to transfer all shares of its wholly owned subsidiary RAKUS Partners Co., Ltd., an IT engineer dispatching business, to BREXA Technology Co., Ltd., a specialist in engineer dispatching and technical services. Following the deal, RAKUS Partners will be excluded from RAKUS’s scope of consolidation, and the transaction is expected to generate an extraordinary profit, reflecting the company’s shift to focus capital and management resources on its cloud operations to improve operating margins and align with its next medium-term management plan.
Management cited diminishing synergies between the IT outsourcing arm and its core cloud business as a key reason to divest, arguing that RAKUS Partners could pursue more aggressive investment and growth under an owner that treats IT staffing as a core business. The move underscores RAKUS’s strategic repositioning toward higher-margin cloud services, while giving RAKUS Partners access to a better strategic fit in BREXA Technology, which may benefit employees, clients, and overall corporate value on both sides.
The most recent analyst rating on (JP:3923) stock is a Buy with a Yen878.00 price target. To see the full list of analyst forecasts on RAKUS Co., Ltd. stock, see the JP:3923 Stock Forecast page.
RAKUS Co., Ltd. reported strong consolidated monthly sales for December 2025 in its FY2026 disclosure, with revenue reaching 5,239 million yen, up 24.2% year on year, driven mainly by continued expansion in its cloud business. Cloud business sales totaled 4,495 million yen, growing 23.8% year on year, while monthly recurring revenue in the cloud segment rose 24.2% to 4,173 million yen, underscoring the company’s solid subscription-based income base; key services Raku Raku Seisan and Raku Raku Meisai posted robust double-digit growth, and the IT outsourcing business also delivered a 27.0% year-on-year sales increase in December, suggesting broad-based demand across the company’s service portfolio and reinforcing its growth trajectory in the business digitization and outsourcing market, although the figures remain preliminary and subject to revision.
The most recent analyst rating on (JP:3923) stock is a Buy with a Yen1150.00 price target. To see the full list of analyst forecasts on RAKUS Co., Ltd. stock, see the JP:3923 Stock Forecast page.
RAKUS Co., Ltd. reported its monthly sales figures for November in FY2026, showing consistent growth across its cloud business and IT outsourcing services. The cloud business, a significant revenue driver, demonstrated a year-on-year increase in sales and recurring revenue, indicating strong market demand and robust operational performance.
The most recent analyst rating on (JP:3923) stock is a Buy with a Yen1450.00 price target. To see the full list of analyst forecasts on RAKUS Co., Ltd. stock, see the JP:3923 Stock Forecast page.