SHANON Inc.

3976・Growth Market・Information & Communication

Official website

SHANON Inc.

3976・Growth Market・Information & Communication

Official website

SHANON Inc.3976

Reference Indicators

Market Cap

36¥100M

P/E (Forecast)

12.4x

P/B

3.7x

Dividend Yield (Forecast)

0.00%

ROE

-2.8%

EV/EBITDA

8.4x

Financial Summary

Unit: ¥M

Item	2021Oct 2021	2022Oct 2022	2023Oct 2023	2024Oct 2024	2025Dec 2025
Net Sales	2,196	2,456	2,934	3,206	3,208
Cost of Sales	828	864	1,108	1,274	1,091
Gross Profit	1,367	1,591	1,825	1,931	2,117
SG&A Expenses	1,355	1,919	2,088	1,983	1,996
Operating Income	11	-327	-262	-51	120
Non-operating Income	53	11	11	10	12
Non-operating Expenses	12	9	22	11	68
Ordinary Income	52	-325	-273	-53	64
Extraordinary Income	—	—	—	36	15
Extraordinary Losses	—	—	141	78	61
Pre-tax Income	52	-325	-414	-95	18
Income Taxes	-54	40	31	6	46
Net Income	107	-365	-445	-101	-27
EBITDA	149	-154	-42	157	316
Gross Margin	62.3%	64.8%	62.2%	60.2%	66.0%
Operating Margin	0.5%	-13.3%	-8.9%	-1.6%	3.8%
ROA	6.4%	-19.9%	-22.0%	-4.7%	-1.4%
ROE	18.3%	-132.1%	-1496.4%	148.6%	-2.8%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
マーケティングクラウド事業	2,598	439	16.9%
イベントクラウド事業	609	97	15.9%
サブスクリプション事業	0	0	0.0%