CHANGE Holdings,Inc. (TYO:3962)

CHANGE Holdings,Inc. Financials Overview

Financials in millions JPY. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	53,806	52,827	46,387	37,015	20,021	15,530
Revenue Growth	11.73%	13.88%	25.32%	84.88%	28.92%	-0.79%
Gross Profit Gross Profit Growth	29,351	28,833	25,888	23,042	12,523	11,153
Operating Income Operating Income Growth	10,946	11,119	12,430	9,893	5,562	5,364
Net Income Net Income Growth	6,613	6,937	7,532	4,325	3,856	3,729
Earnings Per Share EPS Growth	95.03	99.69	107.27	58.80	52.41	50.50
EPS Growth	-0.02%	-7.07%	82.43%	12.19%	3.79%	-12.04%

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
Publitech Business Publitech Business Growth	30,374	29,591	26,160	25,516	14,943
Unallocated Adjustment Amount Unallocated Adjustment Amount Growth	-537	-605	-570	-82	-40
NEW-IT Transformation Business NEW-IT Transformation Business Growth	23,969	23,841	20,797	11,453	4,956
Total Total Growth	53,806	52,827	46,387	37,014	20,021

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	24,441	26,181	30,185	38,403	22,968	30,407
Total Debt Total Debt Growth	27,577	29,119	34,468	24,018	3,413	1,680
Net Cash (Debt) Net Cash Growth	-3,136	-2,938	-4,283	14,385	19,555	28,727
Net Cash Growth	-	-	-	-26.44%	-31.93%	10.86%
Net Cash Per Share Net Cash Per Share Growth	-45.07	-42.22	-61.00	195.53	265.73	388.98

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	8,456	7,253	7,836	12,070	-1,143	4,362
Capital Expenditures CapEx Growth	-381	-377	-184	-1,096	-2,244	-358
Free Cash Flow Free Cash Flow Growth	8,075	6,876	7,652	10,974	-3,387	4,004
Free Cash Flow Growth	-11.42%	-10.14%	-30.27%	-	-	9.34%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	54.55%	54.58%	55.81%	62.25%	62.55%	71.82%
Operating Margin	20.34%	21.05%	26.80%	26.73%	27.78%	34.54%
Pretax Margin	19.70%	20.86%	27.47%	20.06%	28.23%	33.54%
Profit Margin	12.29%	13.13%	16.24%	11.68%	19.26%	24.01%
FCF Margin	15.01%	13.02%	16.50%	29.65%	-16.92%	25.78%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 15, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	26.000	23.000	20.090	12.000	7.000	9.000
Dividend Per Share Growth	10.05%	14.49%	67.42%	71.43%	-22.22%	-
Dividend Yield	2.71%	2.47%	1.65%	1.00%	0.32%	0.48%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug 15, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	10.10	9.33	11.57	20.96	43.99	38.54
Forward PE	-	12.71	12.71	12.71	22.49	31.80
P/FCF Ratio	8.27	9.41	11.38	8.26	-	35.90
PS Ratio	1.24	1.23	1.88	2.45	8.47	9.26

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 15, 2026

Data Sources Report a data error