TRaaS On Product Inc. logo

TRaaS On Product Inc.

6696.T

JPXTechnologyCommunication Equipment

Latest quote

¥314

−¥11.00 · -3.38%

Aug 24, 3:30 PM JST

6696.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

TRaaS On Product Inc. specializes in the development and sale of various devices that leverage artificial intelligence (AI) and the Internet of Things (IoT) to establish digital connections between people and physical objects. Among its diverse product offerings are: SHISA: An automated check-in system primarily for managing personal equipment in lodging environments, complete with a personal identification feature. TRA-DeCA: A system designed to detect potential dangers by comparing individuals against an existing database. Cygnus: A flexible terminal capable of running a variety of applications, which can be customized to suit specific operational requirements. NGH: A platform that oversees information for accommodation facilities, including details on guest room services. T-signage: A solution for distributing programmed content. STB: A highly versatile device that functions not only for receiving and viewing television programs but also serves as a specialized computer, supports video playback and conferencing, facilitates IP broadcasting, operates as a digital signage platform, and acts as an IoT gateway, among other uses. The company also provides another product, likewise named SHISA, which serves as an outdoor digital display. Originally known as P3, Inc., the company officially adopted the name TRaaS On Product Inc. in April 2022. Established in 1995, TRaaS On Product Inc. maintains its corporate headquarters in Tokyo, Japan.

Industry
Communication Equipment
Sector
Technology
Headquarters
JP
CEO
Hidehiko Fujiyoshi
Listed since
Aug 10, 2017
Employees
25

Market position

Day range

Current ¥314

52-week range

Current ¥314

Open
¥325
Previous close
¥325
Volume
28.2K
0.22× average
Average volume
130.26K
Average daily volume
Market cap
1.52B JPY
Beta
0.73
Market reference 1
50-day average
¥284.16
+10.50% above average
200-day average
¥335.12
-6.30% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.77B JPY
P/E (TTM)
-13.69×
P/B (TTM)
4.9×
P/S (TTM)
3.62×
EV / EBITDA
555.32×
Earnings yield
-3.25%
Free cash flow yield
-1.75%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
43.34%
Operating margin
-19.88%
Net margin
-26.43%
Return on equity
-17.56%
Return on assets
-10.92%
Return on invested capital
-7.19%

Financial health

Debt / equity
0.47×
Current ratio
4.8×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends76%2%-72%-147%Gross margin, FY2021: 20.07%Gross margin, FY2022: 47.38%Gross margin, FY2023: 54.40%Gross margin, FY2024: 57.78%Gross margin, FY2025: 45.71%Operating margin, FY2021: -88.14%Operating margin, FY2022: -1.30%Operating margin, FY2023: -22.33%Operating margin, FY2024: 1.28%Operating margin, FY2025: -7.44%Net margin, FY2021: -128.00%Net margin, FY2022: -3.38%Net margin, FY2023: -27.59%Net margin, FY2024: 0.57%Net margin, FY2025: -12.68%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 20.07%. Gross margin FY2022 47.38%. Gross margin FY2023 54.40%. Gross margin FY2024 57.78%. Gross margin FY2025 45.71%. Operating margin FY2021 -88.14%. Operating margin FY2022 -1.30%. Operating margin FY2023 -22.33%. Operating margin FY2024 1.28%. Operating margin FY2025 -7.44%. Net margin FY2021 -128.00%. Net margin FY2022 -3.38%. Net margin FY2023 -27.59%. Net margin FY2024 0.57%. Net margin FY2025 -12.68%.

Income trends

Revenue

485.94M JPY+18.09%

Operating income

−36.15M JPY−41.43M JPY

Net income

−61.63M JPY−63.98M JPY
Income trends across reported periods597.93M JPY192.19M JPY−213.54M JPY−619.27M JPYRevenue, FY2021: 404.57M JPYRevenue, FY2022: 496.49M JPYRevenue, FY2023: 310.97M JPYRevenue, FY2024: 411.49M JPYRevenue, FY2025: 485.94M JPYOperating income, FY2021: −356.58M JPYOperating income, FY2022: −6.47M JPYOperating income, FY2023: −69.43M JPYOperating income, FY2024: 5.28M JPYOperating income, FY2025: −36.15M JPYNet income, FY2021: −517.84M JPYNet income, FY2022: −16.8M JPYNet income, FY2023: −85.81M JPYNet income, FY2024: 2.35M JPYNet income, FY2025: −61.63M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 404.57M JPY. Revenue FY2022 496.49M JPY. Revenue FY2023 310.97M JPY. Revenue FY2024 411.49M JPY. Revenue FY2025 485.94M JPY. Operating income FY2021 −356.58M JPY. Operating income FY2022 −6.47M JPY. Operating income FY2023 −69.43M JPY. Operating income FY2024 5.28M JPY. Operating income FY2025 −36.15M JPY. Net income FY2021 −517.84M JPY. Net income FY2022 −16.8M JPY. Net income FY2023 −85.81M JPY. Net income FY2024 2.35M JPY. Net income FY2025 −61.63M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue485.94M JPY411.49M JPY310.97M JPY496.49M JPY404.57M JPY
Cost of goods sold263.84M JPY173.75M JPY141.8M JPY261.26M JPY323.36M JPY
Gross profit222.1M JPY237.74M JPY169.16M JPY235.23M JPY81.21M JPY
Research and development911K JPY25.96M JPY30.63M JPY
Selling, general, and administrative258.25M JPY231.56M JPY237.18M JPY215.07M JPY398.76M JPY
Operating expenses258.25M JPY232.46M JPY238.59M JPY241.7M JPY437.8M JPY
Interest income422K JPY29K JPY31K JPY32K JPY36K JPY
Interest expense1.22M JPY343K JPY5.25M JPY1.8M JPY204K JPY
Depreciation and amortization39.33M JPY22.39M JPY12.03M JPY6.59M JPY79.3M JPY
Operating income−36.15M JPY5.28M JPY−69.43M JPY−6.47M JPY−356.58M JPY
Net income−61.63M JPY2.35M JPY−85.81M JPY−16.8M JPY−517.84M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-8.68

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates6.571.11-4.35-9.81Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Q3 2024, reported Sep 10, 2024: actual -2.19, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 6, 2024: actual 5.44, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 13, 2025: actual -0.71, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 5, 2025: actual 1.49, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 9, 2025: actual -2.29, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 4, 2025: actual -6.82, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 12, 2026: actual -5.14, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 4, 2026: actual -8.68, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates161.48M130.16M98.84M67.52MQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Q3 2024, reported Sep 10, 2024: actual 80M JPY, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 6, 2024: actual 129M JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 13, 2025: actual 120M JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 5, 2025: actual 142M JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 9, 2025: actual 105M JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 4, 2025: actual 83M JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 12, 2026: actual 155M JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 4, 2026: actual 74M JPY, estimate —, surprise —, Comparison unavailable.

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