CRI Middleware Co., Ltd.

3698・Standard Market・Information & Communication

Official website

CRI Middleware Co., Ltd.

3698・Standard Market・Information & Communication

Official website

CRI Middleware Co., Ltd.3698

Reference Indicators

Market Cap

68¥100M

P/E (Forecast)

13.7x

P/B

1.6x

Dividend Yield (Forecast)

2.23%

ROE

10.8%

EV/EBITDA

3.7x

Financial Summary

Unit: ¥M

Item	2022Sep 2022	2023Sep 2023	2024Sep 2024	2025Sep 2025
Net Sales	2,840	2,990	3,167	3,448
Cost of Sales	1,493	1,258	1,450	1,375
Gross Profit	1,347	1,732	1,717	2,073
SG&A Expenses	1,250	1,387	1,348	1,519
Operating Income	97	344	368	554
Non-operating Income	47	40	17	17
Non-operating Expenses	6	5	2	4
Ordinary Income	138	379	383	566
Extraordinary Losses	453	80	—	—
Pre-tax Income	-314	298	383	566
Income Taxes	21	67	85	137
Net Income	-339	232	304	420
EBITDA	235	471	522	683
Gross Margin	47.4%	57.9%	54.2%	60.1%
Operating Margin	3.4%	11.5%	11.6%	16.1%
ROA	-6.8%	4.5%	5.7%	7.2%
ROE	-9.1%	6.6%	8.4%	10.8%

Segment Performance

Unit: ¥M

2025

Segment	Net Sales	Operating Income	Operating Margin
ゲーム事業	1,807	186	10.3%
エンタープライズ事業	1,641	368	22.4%