Change Inc. (3962.T) stock price, financials & research

Regular session · JST · Market data may be delayed.

Company profile

Established in Tokyo, Japan, in 2003, Change Inc. provides IT human resources development and training services throughout Japan. The company offers educational programs that utilize core technologies and toolkits across a wide range of advanced digital fields. These encompass areas such as artificial intelligence, robotics, the Internet of Things, voice-enabled internet, mobility solutions, big data, cloud computing, cybersecurity, and projects focused on modern IT transformation.

Industry: Information Technology Services
Sector: Technology
Headquarters: JP
CEO: Tomohiro Noda
Listed since: Sep 28, 2016
Employees: 1,439

Market position

Day range

Current ¥1,007

¥1,003¥1,024

52-week range

Current ¥1,007

¥888¥1,240

Open: ¥1,010
Previous close: ¥1,010
Volume: 192.2K; 0.66× average
Average volume: 290.04K; Average daily volume
Market cap: 70.07B JPY
Beta: 0.05; Market reference 1
50-day average: ¥945.3; +6.53% above average
200-day average: ¥975.57; +3.22% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 67.65B JPY
P/E (TTM): 10.67×
P/B (TTM): 1.55×
P/S (TTM): 1.3×
EV / EBITDA: 4.94×
Earnings yield: 10.72%
Free cash flow yield: 10.63%
Dividend yield: 2.28%

Profitability & efficiency

Gross margin: 54.55%
Operating margin: 20.34%
Net margin: 12.21%
Return on equity: 14.84%
Return on assets: 6.57%
Return on invested capital: 8.21%

Financial health

Debt / equity: 0.61×
Current ratio: 2×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

52.83B JPY+13.88%

Operating income

11.05B JPY-12.48%

Net income

6.94B JPY-7.90%

Metric (JPY)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	52.83B JPY	46.39B JPY	37.02B JPY	20.02B JPY	20.28B JPY
Cost of goods sold	23.99B JPY	21.58B JPY	14.76B JPY	7.85B JPY	4.54B JPY
Gross profit	28.83B JPY	24.81B JPY	22.26B JPY	12.17B JPY	15.74B JPY
Selling, general, and administrative	17.78B JPY	12.18B JPY	12.66B JPY	6.8B JPY	6.44B JPY
Operating expenses	17.78B JPY	12.18B JPY	12.66B JPY	6.8B JPY	6.44B JPY
Interest income	356M JPY	18M JPY	4M JPY	—	—
Interest expense	561M JPY	327M JPY	131M JPY	49M JPY	36M JPY
Depreciation and amortization	2.65B JPY	2.39B JPY	1.82B JPY	972M JPY	560M JPY
Operating income	11.05B JPY	12.63B JPY	9.6B JPY	5.37B JPY	9.29B JPY
Net income	6.94B JPY	7.53B JPY	4.26B JPY	3.86B JPY	6.19B JPY