SPSE/3977 (SPSE/3977)

Sapporo Stock Exchange: SPSE/3977 · JPY

¥540

+9.00 (+1.7%)· Recorded snapshot

Market cap	777.9M
Revenue (ttm)	1.7B
Net income (ttm)	151M
EPS (ttm)	¥105
Shares out	1.4M
P/E (trailing)	5.2x
Volume	300
Beta	0.55

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 1.7B
Net income (ttm): 151M
EPS (ttm): ¥105
P/E (trailing): 5.2x
Market cap: 777.9M

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/En/a

P25 n/aP50 n/aP75 n/a

Trailing P/E5.2

P25 n/aP50 n/aP75 n/a

ROE38.7

P25 n/aP50 n/aP75 n/a

ROIC91.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SPSE/3977 indicators

Market & fundamental data

Available fields

208

Groups with data

Currency

JPY

Showing 208 of 208 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	JPY
Country	Japan
Country code	JP
Earnings date	2026-10-28
Employees	77
Employees change	2
Employees growth	2.67%
Enterprise value	JPY 477.9M
Exchange	Sapporo Stock Exchange
Financial currency	JPY
Financial report date	2026-08-31
First seen	2026-05-10
Fiscal year end	February
Founded	1991
Industry	Management Consulting Services
Is primary listing	Yes
ISIN number	JP3826100004
Last earnings date	2025-10-10
Last refreshed	2026-10-28
Last stock split date	2023-08-30
Last stock split type	Forward
Market cap	JPY 777.9M
Price	JPY 540.00
Price currency	JPY
SIC code	8742
Stock price date	2026-10-27
Symbol	spse/3977
Website	https://www.fusion.co.jp

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	73.03x
Average P/E ratio (3Y)	116.83x
Average P/E ratio (5Y)	69.65x
Earnings yield	19.41%
EV/Earnings	3.17x
EV/EBIT	2.61x
EV/EBITDA	2.34x
EV/FCF	2.58x
EV/Sales	0.28x
FCF / EV yield	38.71%
FCF yield	23.78%
Graham number	872.4947
Graham upside	61.57%
Lynch fair value	JPY 2,620.44
Lynch upside	385.27%
P/B ratio	1.67x
P/E ratio	5.15x
P/FCF ratio	4.2x
P/OCF ratio	4.03x
P/S ratio	0.46x
Price / tangible book value	1.73x
Price/EBITDA ratio	3.81x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	10.84%
EBITDA margin	12.09%
Effective tax rate	11.7%
FCF margin	10.96%
Gross margin	45.26%
Operating margin	10.84%
Pretax margin	10.13%
Profit margin	8.95%
Profit per employee	JPY 2M
Revenue per employee	JPY 21.9M
ROA	15.57%
ROA (5Y)	3.27%
ROCE	31.39%
ROE	38.67%
ROE (5Y)	7.56%
ROIC	91.56%
ROIC (5Y)	15.06%
Tax / revenue	1.18%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth (QoQ)	-20.34%
EPS growth 3Y	44.53%
EPS growth 5Y	42.16%
FCF growth 3Y	83.38%
Gross profit growth	30.38%
Gross profit growth (Q)	56.15%
Gross profit growth 3Y	8.09%
Gross profit growth 5Y	9.65%
Net income growth (QoQ)	-20.34%
Net income growth 3Y	82.11%
Net income growth 5Y	63.31%
OCF growth	1,384.62%
OCF growth 3Y	59.02%
Operating income growth 3Y	82.72%
Operating income growth 5Y	146.77%
Revenue growth	14.05%
Revenue growth (Q)	37.31%
Revenue growth (QoQ)	-1.32%
Revenue growth 3Y	3.88%
Revenue growth 5Y	5.38%

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	JPY -8M
Depreciation and amortization	JPY 21M
EBIT	JPY 183M
EBITDA	JPY 204M
EPS	JPY 104.82
FCF per share	JPY 128.42
Financing cash flow	JPY -40M
Free cash flow	JPY 185M
Gross profit	JPY 764M
Income taxes	JPY 20M
Investing cash flow	JPY -18M
Net borrowing	JPY -40M
Net cash flow	JPY 136M
Net income	JPY 151M
Operating income	JPY 183M
Revenue	JPY 1.7B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	5.06
Book value per share	JPY 322.78
Debt / EBITDA	0.67
Debt / equity	0.29
Debt / FCF	0.74
Long-term assets	JPY 151M
Long-term liabilities	JPY 118M
Net cash (debt)	JPY 300M
Net cash / market cap	38.56%
Net cash growth	143.9%
Net debt / EBITDA	-1.47
Net debt / equity	-0.65
Net debt / FCF	-1.62
Piotroski F-Score	7
Property, plant and equipment	JPY 68M
Shareholders' equity	JPY 465M
Tangible book value	JPY 449M
Tangible book value per share	JPY 311.68
Total assets	JPY 813M
Total cash	JPY 436M
Total debt	JPY 136M
Total liabilities	JPY 348M
WACC	6.17%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	2.3
Current assets	JPY 662M
Current liabilities	JPY 230M
Current ratio	2.88
Inventory turnover	63.72
Net working capital	JPY 36M
Quick ratio	2.67
Working capital	JPY 432M
Working capital turnover	4.56

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Dividend per share	JPY 0.00
Last dividend	JPY 1.00

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	JPY 500.69
1D price change	1.69%
1M price change	1.7%
1M total return	1.7%
1W price change	2.86%
1W total return	2.86%
1Y price change	9.76%
1Y return CAGR	9.76%
1Y total return	9.76%
20-day SMA	JPY 523.30
200-day SMA	JPY 519.24
3M price change	10.2%
3M total return	10.2%
3Y price change	-4.26%
3Y return CAGR	-1.44%
3Y total return	-4.26%
50-day SMA	JPY 521.90
50-day SMA vs 200-day SMA	50over200
52-week high	JPY 660.00
52-week high date	2025-11-05
52-week low	JPY 428.00
52-week low date	2026-06-23
5Y price change	-14.83%
5Y return CAGR	-3.16%
5Y total return	-14.83%
6M price change	3.85%
6M total return	3.85%
All-time high	JPY 1,473.00
All-time high date	2017-02-24
All-time low	JPY 321.50
All-time low date	2020-04-20
Average true range (ATR)	JPY 20.54
Average volume	2K
Beta (1Y)	-0.51
Beta (2Y)	-0.31
Beta (5Y)	0.55
Change from 52-week high	-18.18%
Change from 52-week low	26.17%
Change from all-time high	-63.34%
Change from all-time low	67.96%
Change from open	1.89%
Day's gap	-0.19%
Dollar volume	JPY 162,000
High price	JPY 540.00
Low price	JPY 530.00
Monthly RSI	54.48
Open price	JPY 530.00
Position in 52-week range	100%
Previous close	JPY 531.00
Price vs 150-day SMA	7.85%
Price vs 20-day SMA	3.19%
Price vs 200-day SMA	4%
Price vs 50-day SMA	3.47%
Relative volume	0.15
RSI	55.62
Sharpe ratio	0.73
Sharpe ratio (3Y)	0.18
Sharpe ratio (5Y)	0.27
Sortino ratio	1.42
Sortino ratio (3Y)	0.41
Sortino ratio (5Y)	0.52
Volume	300
Weekly RSI	57.03
YTD price change	-13.6%
YTD total return	-13.6%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	334.7K
Shares change (QoQ)	0%
Shares held by insiders	62.99%
Shares held by institutions	1.83%
Shares outstanding	1.4M

Deeper analysis on SPSE/3977

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

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Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

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Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Frequently asked questions

About this SPSE/3977 report

Is a complete SPSE/3977 research report available?

No complete published report is available for spse/3977 (SPSE/3977) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

SPSE/3977 (SPSE/3977)

Price

Financial snapshot

Fair-value bridge

Latest news · SPSE/3977

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SPSE/3977 indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on SPSE/3977

Frequently asked questions