Link and Motivation Inc.

2170・Prime Market・Services

Official website

Link and Motivation Inc.

2170・Prime Market・Services

Official website

Link and Motivation Inc.2170

Reference Indicators

Market Cap

670¥100M

P/E (Forecast)

18.9x

P/B

4.9x

Dividend Yield (Forecast)

2.72%

ROE

11.9%

EV/EBITDA

9.2x

Financial Summary

Unit: ¥M

Item	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Net Sales	32,644	32,776	33,969	37,458	41,522
Cost of Sales	17,304	16,708	16,264	17,574	18,917
Gross Profit	15,340	16,068	17,704	19,884	22,605
SG&A Expenses	12,625	12,780	13,129	14,196	16,925
Operating Income	2,066	3,627	4,623	5,485	4,204
Pre-tax Income	1,903	3,501	4,567	5,420	4,223
Income Taxes	801	1,310	1,430	1,366	2,202
Net Income	918	1,941	2,842	3,691	1,621
EBITDA	4,936	5,351	6,311	7,199	6,022
Gross Margin	47.0%	49.0%	52.1%	53.1%	54.4%
Operating Margin	6.3%	11.1%	13.6%	14.6%	10.1%
ROA	3.1%	6.7%	9.2%	11.1%	4.0%
ROE	12.3%	21.2%	28.0%	32.7%	11.9%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
組織開発Division	16,539	0	0.0%
個人開発Division	5,951	0	0.0%
マッチングDivision	19,022	0	0.0%
その他	9	0	0.0%