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Segue Group Co., Ltd.
(3968)
Segue Group Co., Ltd. (3968) vs. iShares MSCI Japan ETF (EWJ)
Segue Group Co., Ltd. Business Overview & Revenue Model
Segue Group Co., Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.31B | 25.07B | 18.72B | 17.44B | 13.62B | 12.04B |
| Gross Profit | 5.02B | 5.93B | 4.59B | 4.12B | 3.56B | 3.09B |
| EBITDA | 1.48B | 2.30B | 1.46B | 1.23B | 1.32B | 877.56M |
| Net Income | 475.76M | 1.19B | 507.69M | 660.51M | 743.32M | 454.76M |
Balance Sheet | ||||||
| Total Assets | 16.91B | 18.65B | 13.63B | 11.83B | 11.25B | 8.63B |
| Cash, Cash Equivalents and Short-Term Investments | 4.12B | 2.54B | 4.07B | 3.45B | 3.11B | 1.35B |
| Total Debt | 2.07B | 3.98B | 2.31B | 849.96M | 1.13B | 501.83M |
| Total Liabilities | 12.61B | 14.25B | 10.44B | 7.82B | 7.57B | 5.43B |
| Stockholders Equity | 4.15B | 4.19B | 3.04B | 4.00B | 3.67B | 3.20B |
Cash Flow | ||||||
| Free Cash Flow | 396.00M | -3.01B | 1.59B | 1.28B | 1.03B | -275.52M |
| Operating Cash Flow | 464.00M | -2.81B | 1.76B | 1.59B | 1.13B | -151.11M |
| Investing Cash Flow | -105.00M | -90.10M | -991.28M | -658.99M | 84.18M | -254.92M |
| Financing Cash Flow | -386.00M | 1.24B | -335.04M | -669.10M | 453.88M | 17.11M |
Segue Group Co., Ltd. Technical Analysis
Segue Group Co., Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥26.23B | 16.07 | ― | 1.70% | 22.25% | 31.88% | |
76 Outperform | ¥154.02B | 14.15 | ― | 2.30% | 13.82% | 37.07% | |
73 Outperform | ¥32.55B | 11.50 | ― | 2.22% | 9.57% | 315.38% | |
72 Outperform | ¥32.24B | 13.27 | ― | 3.40% | 12.64% | 30.73% | |
72 Outperform | ¥27.78B | 11.78 | ― | 1.21% | 7.21% | 0.30% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | ¥18.50B | 13.86 | ― | 1.72% | 26.24% | 29.73% |
Segue Group Co., Ltd. Corporate Events
Segue Group Co., Ltd. reported that it significantly surpassed previous record highs in net sales and all major profit metrics for the fiscal year ending December 2025. The strong performance was driven primarily by revenue recognition from a mega-scale government system project and other large-scale initiatives centered on its value-added distribution businesses.
Net sales rose to ¥25.07 billion, up 34% year on year, while gross profit climbed 29.2% to ¥5.93 billion on the back of higher volumes. Operating profit surged roughly 2.6 times to ¥1.85 billion as gross profit growth combined with optimized SG&A expenses, and ordinary profit expanded about 1.9 times to ¥2.0 billion, aided by gains from the sale of investment securities, underscoring improved profitability and financial leverage for stakeholders.
The most recent analyst rating on (JP:3968) stock is a Buy with a Yen605.00 price target. To see the full list of analyst forecasts on Segue Group Co., Ltd. stock, see the JP:3968 Stock Forecast page.
Segue Group Co., Ltd. has approved the issuance of its 12th series of stock acquisition rights as stock compensation-type stock options to six directors, including both board members and Audit and Supervisory Committee members. The program, based on a shareholder authorization granted in 2021, allows up to 61,403 rights this round, each tied to one common share and exercisable from March 2026 to March 2056.
The stock options are designed to align directors’ interests with those of shareholders by linking compensation to stock price performance and long-term corporate value. By structuring payments via offset against directors’ compensation and setting a nominal exercise price, the company aims to strengthen management’s incentive to drive earnings growth and enhance corporate value, reinforcing its governance and incentive framework for key executives.
The most recent analyst rating on (JP:3968) stock is a Buy with a Yen605.00 price target. To see the full list of analyst forecasts on Segue Group Co., Ltd. stock, see the JP:3968 Stock Forecast page.
Segue Group Co., Ltd. reported strong consolidated results for the fiscal year ended December 31, 2025, with net sales up 34.0% year on year to ¥25.1 billion and operating profit surging 157.5% to ¥1.85 billion. Profit attributable to owners of parent more than doubled to ¥1.19 billion, boosting return on equity to 33.6% and lifting net assets per share following a prior three-for-one stock split.
The company plans to raise its annual dividend to ¥13 per share for 2025 from ¥11, and projects further growth in 2026, forecasting net sales of ¥30.0 billion and a 17.8% increase in profit attributable to owners of parent to ¥1.40 billion. While operating cash flow turned negative in 2025 and cash on hand declined, Segue is signaling confidence in its earnings outlook and shareholder returns, supported by higher margins and a modestly improved equity ratio.
The most recent analyst rating on (JP:3968) stock is a Buy with a Yen605.00 price target. To see the full list of analyst forecasts on Segue Group Co., Ltd. stock, see the JP:3968 Stock Forecast page.
Segue Group Co., Ltd. has set the terms for a previously approved equity financing, fixing the issue price for a public offering of new shares at 516 yen per share, for total proceeds of approximately 2.37 billion yen, with a payment date of February 2, 2026. In parallel, the company will conduct a secondary offering via underwriters at the same 516 yen selling price, a secondary offering by way of over-allotment, and a third-party allotment of new shares priced at 494.72 yen per share, with settlement dates extending through March 5, 2026, together establishing the detailed pricing and schedule for its capital-raising and liquidity-enhancing share transactions.
The most recent analyst rating on (JP:3968) stock is a Buy with a Yen605.00 price target. To see the full list of analyst forecasts on Segue Group Co., Ltd. stock, see the JP:3968 Stock Forecast page.
Segue Group Co., Ltd. has approved a comprehensive revision of its shareholder benefits plan, building on its existing digital gift framework to further incentivize medium- to long-term shareholding and improve stock liquidity. From the record date of December 31, 2026, shareholders holding 1,000 shares or more as of each year-end will receive benefit points through the newly established Segue Group Premium Benefits Club, which can be redeemed for a wide range of products and experiences, converted into shared WILLsCoin for broader reward options, or donated to social contribution activities. The company has set a tiered structure that scales benefit points with the size of shareholding and commits, absent major environmental changes, to maintain this benefits program through the fiscal year ending December 31, 2029, signaling a stable, shareholder-friendly capital policy aimed at reinforcing long-term relationships with investors.
The most recent analyst rating on (JP:3968) stock is a Hold with a Yen677.00 price target. To see the full list of analyst forecasts on Segue Group Co., Ltd. stock, see the JP:3968 Stock Forecast page.
Segue Group Co., Ltd. has raised its consolidated earnings forecast for the fiscal year ended December 31, 2025, projecting modestly higher net sales but substantially stronger profits, with operating profit expected to rise about 24% and profit attributable to owners of the parent about 50% versus its previous forecast. The upgrade reflects robust performance in existing businesses, a significant large-scale public-sector order under the GSS project that boosted orders and backlog, stronger profit management and higher-margin projects, as well as gains from the sale of investment securities, while the dividend forecast remains unchanged. On the back of these favorable conditions, the company has also lifted its numerical targets for the final year of its Medium-Term Management Plan to December 2026, setting higher goals for net sales and profitability—including a challenge target incorporating potential M&A—as it pursues enhanced corporate value under its “Segue Vision 2030.”
The most recent analyst rating on (JP:3968) stock is a Hold with a Yen677.00 price target. To see the full list of analyst forecasts on Segue Group Co., Ltd. stock, see the JP:3968 Stock Forecast page.
Segue Group Co., Ltd. has approved the issuance of 4.6 million new shares of common stock through a public offering, with pricing to be set in early February 2026 based on the Tokyo Stock Exchange closing price within a 0.90–1.00 range, and all shares to be underwritten and purchased by a syndicate of securities firms. In parallel, President and CEO Yasuyuki Aisu will conduct a secondary offering of 625,000 existing shares via the same underwriters at the same offer price, with both transactions contingent on the effectiveness of a securities registration statement, potentially broadening the company’s shareholder base while slightly diluting existing equity and enabling partial divestment by the top executive.
The most recent analyst rating on (JP:3968) stock is a Hold with a Yen677.00 price target. To see the full list of analyst forecasts on Segue Group Co., Ltd. stock, see the JP:3968 Stock Forecast page.
Segue Group Co., Ltd. has announced that it will receive dividends totaling JPY 602,792 thousand from three of its consolidated subsidiaries. This dividend income will be recorded as operating revenue in the company’s non-consolidated financial statements for the fiscal year ending December 2025, but will not affect the consolidated financial results.
The most recent analyst rating on (JP:3968) stock is a Buy with a Yen806.00 price target. To see the full list of analyst forecasts on Segue Group Co., Ltd. stock, see the JP:3968 Stock Forecast page.