IPS, Inc. (TYO:4390)

IPS, 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	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	16,999	16,999	15,264	14,117	12,346	10,728
Revenue Growth	11.37%	11.37%	8.13%	14.34%	15.08%	12.75%
Gross Profit Gross Profit Growth	9,872	9,872	8,276	7,078	5,833	4,118
Operating Income Operating Income Growth	5,370	5,370	4,415	3,895	3,312	2,456
Net Income Net Income Growth	4,196	4,196	2,544	2,835	2,292	1,888
Earnings Per Share EPS Growth	315.60	315.60	192.85	215.76	175.50	145.01
EPS Growth	63.65%	63.65%	-10.62%	22.94%	21.03%	26.96%

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Unallocated Adjustment Amount Unallocated Adjustment Amount Growth	-12	-12	-39	-32	-922	-629
Medical & Healthcare Business Medical & Healthcare Business Growth	1,655	1,655	1,558	1,561	1,690	1,244
Domestic Telecommunications Business Domestic Telecommunications Business Growth	2,409	2,409	2,491	4,118	4,275	3,988
Global Telecommunications Business Global Telecommunications Business Growth	12,946	12,946	11,253	8,470	5,474	4,028
Total Total Growth	16,998	16,998	15,263	14,117	12,345	10,727

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	3,582	3,582	3,918	4,234	6,881	5,778
Total Debt Total Debt Growth	12,636	12,636	10,069	10,101	6,929	3,050
Net Cash (Debt) Net Cash Growth	-9,054	-9,054	-6,151	-5,867	-48	2,728
Net Cash Growth	-	-	-	-	-	63.74%
Net Cash Per Share Net Cash Per Share Growth	-680.86	-680.86	-466.21	-446.42	-3.67	209.50

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	4,585	4,585	704	-574	2,636	3,580
Capital Expenditures CapEx Growth	-6,371	-6,371	-1,255	-3,327	-5,323	-1,647
Free Cash Flow Free Cash Flow Growth	-1,786	-1,786	-551	-3,901	-2,687	1,933
Free Cash Flow Growth	-	-	-	-	-	273.89%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	58.07%	58.07%	54.22%	50.14%	47.25%	38.39%
Operating Margin	31.59%	31.59%	28.92%	27.59%	26.83%	22.89%
Pretax Margin	34.13%	34.13%	26.47%	31.33%	28.06%	27.08%
Profit Margin	24.68%	24.68%	16.67%	20.08%	18.57%	17.60%
FCF Margin	-10.51%	-10.51%	-3.61%	-27.63%	-21.76%	18.02%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 26, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	40.000	40.000	40.000	37.000	35.000	25.000
Dividend Per Share Growth	0%	0%	8.11%	5.71%	40.00%	-
Dividend Yield	1.15%	1.40%	1.90%	1.53%	1.50%	1.26%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul 26, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	10.99	8.93	10.87	11.31	13.25	13.76
Forward PE	10.68	10.40	8.57	33.07	33.07	33.07
P/FCF Ratio	-	-	-	-	-	13.44
PS Ratio	2.67	2.21	1.81	2.27	2.46	2.42

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 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:

Jul 24, 2026

Data Sources Report a data error