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Frontier Management, Inc.
(7038)
Frontier Management, Inc. (7038) vs. iShares MSCI Japan ETF (EWJ)
Frontier Management, Inc. Business Overview & Revenue Model
Frontier Management, Inc. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.48B | 13.49B | 9.27B | 10.03B | 7.92B | 5.74B |
| Gross Profit | 4.35B | 5.00B | 4.26B | 5.53B | 4.69B | 3.49B |
| EBITDA | -883.73M | 105.75M | -588.72M | 1.35B | 959.94M | 552.31M |
| Net Income | -1.11B | -1.11B | -694.00M | 780.68M | 556.72M | 338.71M |
Balance Sheet | ||||||
| Total Assets | 18.33B | 18.43B | 14.17B | 10.87B | 5.66B | 3.82B |
| Cash, Cash Equivalents and Short-Term Investments | 8.76B | 8.59B | 9.79B | 6.36B | 3.22B | 1.79B |
| Total Debt | 5.67B | 5.40B | 1.40B | 1.59B | 777.70M | 0.00 |
| Total Liabilities | 7.76B | 8.49B | 3.42B | 4.05B | 2.64B | 1.37B |
| Stockholders Equity | 2.35B | 1.75B | 2.70B | 3.76B | 2.96B | 2.45B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.03B | -2.55B | 181.19M | 1.16B | 286.14M |
| Operating Cash Flow | 0.00 | -1.02B | -2.52B | 225.00M | 1.25B | 316.81M |
| Investing Cash Flow | 0.00 | -1.16B | -63.85M | -1.38B | -486.91M | -31.52M |
| Financing Cash Flow | 0.00 | 1.06B | 4.30B | 3.79B | 646.53M | -404.76M |
Frontier Management, Inc. Technical Analysis
Frontier Management, Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥34.18B | 9.50 | ― | ― | 72.32% | 1424.97% | |
73 Outperform | ¥9.17B | 11.00 | ― | 0.61% | 32.31% | 105.04% | |
66 Neutral | ¥9.02B | 23.93 | ― | 1.98% | -0.42% | 39.35% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
41 Neutral | ¥6.66B | -6.00 | ― | ― | 18.82% | -894.46% |
Frontier Management, Inc. Corporate Events
Frontier Management reported on its progress toward meeting Tokyo Stock Exchange Prime Market listing maintenance standards and confirmed that it remains non-compliant with the requirement for market capitalization of tradable shares, despite meeting other criteria. The company outlined profitability-focused initiatives, including structural reforms and enhanced IR activities, and indicated that current profitability is improving under its FY2026–2028 medium-term plan.
In parallel, the company has decided to begin preparations to apply for transfer from the Prime Market to the Standard Market by the end of December 2026, citing the need to align its listing segment with its business scale and growth phase. This move suggests a strategic pivot to a market segment that may better support its medium- to long-term growth strategy while it continues efforts to boost market capitalization and shareholder value.
The most recent analyst rating on (JP:7038) stock is a Sell with a Yen603.00 price target. To see the full list of analyst forecasts on Frontier Management, Inc. stock, see the JP:7038 Stock Forecast page.
Frontier Management Inc. has decided not to pay a year-end dividend for the fiscal year ended December 31, 2025, after finalizing results that showed a net loss attributable to owners of parent of 1,106 million yen. Despite revenue growth in its M&A Advisory Business, the company was hit by lower net sales in its Management Consulting Business, driven by factors including senior member replacement linked to workforce optimization.
Under its dividend policy targeting a 40% payout ratio based on cash-backed profit and loss, Frontier Management still recorded a loss of 422 million yen even after excluding non-cash items such as losses at consolidated subsidiary Frontier Capital Inc. and valuation losses on investment securities. As a result, the board resolved that no surplus dividend will be paid for 2025, extending the zero-dividend stance from the prior year and signaling continued pressure on shareholder returns until profitability improves.
The most recent analyst rating on (JP:7038) stock is a Sell with a Yen603.00 price target. To see the full list of analyst forecasts on Frontier Management, Inc. stock, see the JP:7038 Stock Forecast page.
Frontier Management Inc. has outlined its FY2025 financial results alongside an expanded business structure that integrates consulting, M&A advisory, and investment operations under a unified group strategy. The company highlighted Frontier Capital Inc.’s acquisition of Hobbylink Japan Ltd., a retailer of models, plastic kits, and toys, as a consolidated subsidiary, underscoring a push to enhance portfolio value and diversify revenue through consumer-focused assets.
By organizing its activities into a Consulting and Advisory Business Segment and an Investment Business Segment, the group aims to strengthen its ability to support corporate restructuring, DX transformation, and M&A execution while generating returns from long-term strategic investments. The acquisition of Hobbylink Japan adds an e-commerce and hobby-goods dimension to its portfolio, potentially broadening sector exposure and creating new opportunities for operational improvement and value creation across its investee companies.
The most recent analyst rating on (JP:7038) stock is a Sell with a Yen603.00 price target. To see the full list of analyst forecasts on Frontier Management, Inc. stock, see the JP:7038 Stock Forecast page.
Frontier Management Inc. has approved a new medium-term management plan covering fiscal years 2026 to 2028 and scrapped its previously disclosed plan from 2024, signalling a strategic reset. The plan is built around accelerating the firm’s original cutting-edge advisory model, with a focus on strengthening integrated Consulting × M&A advisory support, evolving into a long-term co-creation business model through growth M&A advisory and principal investments, and embedding advanced technologies such as AI to boost operational efficiency.
The company also aims to expand cross-border operations by deepening collaboration with CFI and enhancing support for clients’ overseas strategies, while building a unified “ONE-FMI” organizational foundation that emphasizes employee development and engagement. By the final year of the plan in 2028, Frontier is targeting more than 10% annual net sales growth, an operating margin above 12.5%, higher productivity measured by net sales per employee, ROE of 20%, and a 40% total payout ratio, underscoring ambitions for both profitability and shareholder returns.
The most recent analyst rating on (JP:7038) stock is a Sell with a Yen603.00 price target. To see the full list of analyst forecasts on Frontier Management, Inc. stock, see the JP:7038 Stock Forecast page.
Frontier Management Inc. reported a 45.3% year-on-year increase in net sales to ¥13.49 billion for the fiscal year ended December 31, 2025, but remained in the red with an operating loss of ¥335 million and a net loss attributable to owners of the parent of ¥1.106 billion. Profitability metrics and equity ratios deteriorated, with basic earnings per share falling to a loss of ¥94.08 and owners’ equity declining, while the company continued its policy of not paying dividends for 2025.
Total assets rose to ¥18.43 billion, partly reflecting the addition of four new consolidated subsidiaries, yet cash and cash equivalents fell to ¥5.42 billion amid negative operating and investing cash flows. For fiscal 2026, Frontier forecasts a recovery to profitability with net sales of ¥15 billion, operating profit of ¥610 million, and a return to positive earnings per share, suggesting that recent restructuring, consolidation changes, and new accounting policies are expected to stabilize its financial base and improve shareholder returns over the medium term.
The most recent analyst rating on (JP:7038) stock is a Sell with a Yen603.00 price target. To see the full list of analyst forecasts on Frontier Management, Inc. stock, see the JP:7038 Stock Forecast page.
Frontier Management Inc. reported its progress toward meeting Tokyo Stock Exchange Prime Market listing maintenance standards, confirming it currently falls short only on the market capitalization of tradable shares requirement. The company outlined profitability-focused initiatives, including structural reforms, organic growth measures and enhanced investor relations, which are improving profitability but have yet to lift tradable market capitalization to the 10 billion yen threshold.
In parallel, Frontier Management has decided to begin preparations to shift its listing to the TSE Standard Market by the end of December 2026, citing a better fit with its current business scale and growth phase. The move signals a strategic reassessment of its optimal market segment, aiming to support more stable medium- to long-term growth while mitigating the risk of eventual delisting if Prime Market capitalization criteria are not met.
The most recent analyst rating on (JP:7038) stock is a Sell with a Yen603.00 price target. To see the full list of analyst forecasts on Frontier Management, Inc. stock, see the JP:7038 Stock Forecast page.
Frontier Management Inc., a Tokyo-listed consulting and M&A advisory firm, has confirmed it will not pay a year-end dividend for the fiscal year ended December 31, 2025. The company applies a dividend policy targeting a 40% payout ratio of net income attributable to owners of the parent, adjusted for non-cash items and losses from subsidiaries such as Frontier Capital Inc.
Management cited a consolidated net loss attributable to owners of the parent of 1,106 million yen for 2025, driven by weaker net sales in the management consulting business following workforce optimization and senior member replacement, partly offset by higher revenue in the M&A advisory segment from domestic mid-sized deals. Even after policy-based adjustments, a remaining loss of 422 million yen led the board to determine that no surplus dividend will be paid, signaling ongoing earnings pressure and prompting the company to emphasize efforts to restore profitability and resume dividends.
The most recent analyst rating on (JP:7038) stock is a Sell with a Yen603.00 price target. To see the full list of analyst forecasts on Frontier Management, Inc. stock, see the JP:7038 Stock Forecast page.
Frontier Management Inc. reported its FY2025 financial results while highlighting the expansion of its consulting and investment platform through Frontier Capital Inc., which recently made Hobbylink Japan Ltd. a consolidated subsidiary. Hobbylink Japan, a seller of models, self-assembled plastic models, and toys, adds a consumer-focused portfolio company to Frontier’s investment business, underscoring the group’s strategy of combining advisory capabilities with hands-on value creation in operating businesses.
By integrating Hobbylink Japan into its investment segment, Frontier Management deepens its presence in niche retail and e-commerce-linked markets that can benefit from its expertise in strategy formulation, restructuring, and governance. This move is likely to strengthen synergies between its consulting-based businesses and investment operations, potentially improving portfolio performance and reinforcing its positioning as a comprehensive corporate value enhancement partner in Japan and abroad.
The most recent analyst rating on (JP:7038) stock is a Sell with a Yen603.00 price target. To see the full list of analyst forecasts on Frontier Management, Inc. stock, see the JP:7038 Stock Forecast page.
Frontier Management Inc. has adopted a new medium-term management plan covering fiscal years 2026 to 2028, replacing its previous plan and setting out a vision to evolve its original cutting-edge business model. The strategy centers on reinforcing the integration of consulting and M&A advisory, pursuing growth through principal business investments, leveraging advanced technologies such as AI for efficiency, expanding cross-border capabilities via its CFI network, and strengthening its organizational base and talent development.
The company is targeting by fiscal 2028 a net sales growth rate of more than 10%, an operating margin above 12.5%, net sales per employee of ¥30 million, return on equity of 20%, and a total payout ratio of 40%. These goals signal an ambition to enhance profitability, deepen global and technology-driven offerings, and build a more resilient workforce platform, with implications for improved competitiveness in the consulting and M&A advisory markets and potentially more shareholder returns.
The most recent analyst rating on (JP:7038) stock is a Sell with a Yen603.00 price target. To see the full list of analyst forecasts on Frontier Management, Inc. stock, see the JP:7038 Stock Forecast page.
Frontier Management Inc. reported a sharp 45.3% year-on-year increase in net sales to ¥13.49 billion for the fiscal year ended December 31, 2025, but remained in the red, with an operating loss of ¥335 million and a net loss attributable to owners of the parent of ¥1.11 billion. Profitability metrics deteriorated, equity shrank, and the company again opted against paying a dividend, reflecting ongoing pressure on returns and capital structure.
The balance sheet showed total assets rising to ¥18.43 billion, driven in part by the consolidation of four newly added subsidiaries, while owner’s equity declined and liquidity was supported by positive financing cash flows amid negative operating and investing cash flows. For fiscal 2026, Frontier Management forecasts further top-line growth to ¥15 billion and a return to positive operating and ordinary profit, suggesting a planned recovery trajectory despite only modest projected net profit and continued uncertainty around dividend resumption.
The most recent analyst rating on (JP:7038) stock is a Sell with a Yen603.00 price target. To see the full list of analyst forecasts on Frontier Management, Inc. stock, see the JP:7038 Stock Forecast page.
Frontier Management Inc. announced a change in its leadership as Akinori Nishida, the Representative Director, President, and COO, will step down from his role effective December 31, 2025. This transition is part of the company’s strategic shift from structural reform to a re-growth phase, with Nishida continuing to support the transition as a director until his retirement in March 2026.
The most recent analyst rating on (JP:7038) stock is a Hold with a Yen612.00 price target. To see the full list of analyst forecasts on Frontier Management, Inc. stock, see the JP:7038 Stock Forecast page.