Revenue and operating income grew solidly, but net income was nearly flat and EPS declined due to IPO dilution. The new quarterly dividend signals management confidence, but the $20M market cap and negative operating cash flow (-JPY2.2 billion) warrant caution. Monitor next quarter for cash flow improvement and debt management.
Price Chart
Executive Summary
LogProstyle Inc. reported fiscal year 2026 results with total revenue of JPY22,221 million (US$140 million), up 7.6% YoY, and operating income up 17.1% to JPY1,572 million. Net income was essentially flat (+0.8%) and EPS declined due to share count increase from the IPO. The Board declared a quarterly cash dividend of US$0.046 per share. The filing is accompanied by the annual 20-F report filed the same day.
Key Facts
- Total revenue of JPY22,221 million (US$140 million), up 7.6% YoY
- Operating income of JPY1,572 million (US$10 million), up 17.1% YoY
- Net income of JPY760 million (US$5 million), up 0.8% YoY
- Basic and diluted EPS of JPY32.16 (US$0.20), down from JPY34.76 due to share count increase from IPO
- Adjusted EBITDA of JPY1,644 million (US$10 million), up 10.6% YoY
- Board declared a cash dividend of US$0.046 per share, or US$1,086,047 in aggregate, to be paid quarterly
- Cash and cash equivalents of JPY2,282 million (US$14 million) as of March 31, 2026
- Total debt (short-term loans + current portion of long-term loans + long-term loans) increased to JPY17,068 million from JPY12,769 million
Financial Impact
Revenue up 7.6% to JPY22,221 million; operating income up 17.1% to JPY1,572 million; net income up 0.8% to JPY760 million; EPS down 7.5% to JPY32.16; dividend of US$0.046 per share declared
Risk Factors
- Negative operating cash flow of JPY2,202 million driven by inventory build
- Total debt increased to JPY17,068 million from JPY12,769 million, raising interest expense 57% to JPY329 million
- EPS declined 7.5% due to share dilution from IPO
- Small market cap ($20M) amplifies volatility
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001493152-26-032937 |
| Exhibit: ex99-2.htm | 0001493152-26-032937 |
| Document: form6-k.htm | 0001493152-26-032937 |
| Document: 0001493152-26-032937-index-headers.html | 0001493152-26-032937 |
| Document: 0001493152-26-032937-index.html | 0001493152-26-032937 |
| Document: 0001493152-26-032937.txt | 0001493152-26-032937 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 28, 2026 28d ago | 6-K | $0.7430 | awaiting T+60 | — | $0.6427 (−13.50%) |
Sep 3, 2026 7w ago | 6-K | $0.9810 | awaiting T+60 | — | $0.6427 (−34.49%) |
Aug 27, 2026 8w ago | 6-K | $1.52 | awaiting T+60 | — | $0.6427 (−57.72%) |
Jul 13, 2026 15w ago | 6-K | $1.03 $0.7362 | ▼ −28.52% | ▼ −32.52% | $0.6427 (−37.60%) |
Jul 13, 2026 15w ago | 20-F | $1.03 $0.7362 | ▼ −28.52% | ▼ −32.52% | $0.6427 (−37.60%) |
Jun 5, 2026 20w ago | 6-K | $0.7233 $1.14 | ▼ −57.61% | ▼ −53.61% | $0.6427 (+11.14%) |
May 15, 2026 23w ago | 6-K | $0.6510 $0.8941 | ▲ +37.34% | ▲ +32.83% | $0.6427 (−1.27%) |
Apr 7, 2026 28w ago | 6-K | $0.7040 $0.7624 | ▲ +8.30% | ▼ −4.97% | $0.6427 (−8.71%) |
US Market Status
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