Eltes Co., Ltd.

3967・Growth Market・Information & Communication

Official website

Eltes Co., Ltd.

3967・Growth Market・Information & Communication

Official website

Eltes Co., Ltd.3967

Reference Indicators

Market Cap

36¥100M

P/E (Forecast)

35.3x

P/B

1.9x

Dividend Yield (Forecast)

0.00%

ROE

-9.2%

EV/EBITDA

5.9x

Financial Summary

Unit: ¥M

Item	2022Feb 2022	2023Feb 2023	2024Feb 2024	2025Feb 2025	2026Feb 2026
Net Sales	2,682	4,685	6,535	7,317	8,958
Cost of Sales	1,299	2,747	4,035	4,438	5,773
Gross Profit	1,383	1,938	2,499	2,878	3,185
SG&A Expenses	1,302	1,735	2,317	2,785	2,754
Operating Income	80	202	182	93	431
Non-operating Income	22	18	13	29	14
Non-operating Expenses	8	77	52	54	98
Ordinary Income	94	143	143	68	346
Extraordinary Income	122	44	—	50	44
Extraordinary Losses	65	55	60	811	303
Pre-tax Income	151	132	82	-692	88
Income Taxes	23	90	-174	168	261
Net Income	127	42	257	-860	-168
EBITDA	172	501	629	613	933
Gross Margin	51.6%	41.4%	38.2%	39.3%	35.6%
Operating Margin	3.0%	4.3%	2.8%	1.3%	4.8%
ROA	5.2%	0.7%	3.7%	-11.7%	-2.4%
ROE	9.9%	1.9%	10.6%	-47.5%	-9.2%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
スマートシティ事業	2,049	11	0.5%
デジタルリスク事業	2,733	991	36.3%
AIセキュリティ事業	2,212	38	1.7%
DX推進事業	1,962	26	1.3%