Trend Micro Incorporated

4704・Prime Market・Information & Communication

Official website

Trend Micro Incorporated

4704・Prime Market・Information & Communication

Official website

Trend Micro Incorporated4704

Reference Indicators

Market Cap

8,967¥100M

P/E (Forecast)

22.7x

P/B

6.5x

Dividend Yield (Forecast)

—

ROE

28.2%

EV/EBITDA

8.0x

Financial Summary

Unit: ¥M

Item	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Net Sales	190,359	223,795	248,691	272,638	275,984
Cost of Sales	42,017	54,300	63,662	64,980	63,717
Gross Profit	148,341	169,494	185,028	207,657	212,267
SG&A Expenses	104,700	138,154	152,426	159,551	154,490
Operating Income	43,641	31,340	32,602	48,105	57,777
Non-operating Income	2,033	3,478	9,675	7,596	3,630
Non-operating Expenses	1,172	656	6,096	2,861	7,427
Ordinary Income	44,501	34,162	36,181	52,840	53,980
Extraordinary Income	7,909	11,646	—	2,740	—
Extraordinary Losses	39	3,911	4,203	—	1,649
Pre-tax Income	52,371	41,897	31,978	55,580	52,331
Income Taxes	14,755	12,944	21,221	21,048	18,230
Net Income	38,367	29,843	10,731	34,358	34,523
EBITDA	64,535	56,525	60,917	77,032	84,834
Gross Margin	77.9%	75.7%	74.4%	76.2%	76.9%
Operating Margin	22.9%	14.0%	13.1%	17.6%	20.9%
ROA	9.1%	6.3%	2.2%	8.6%	8.2%
ROE	18.9%	13.4%	4.9%	20.9%	28.2%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
日本	87,840	20,651	23.5%
アメリカズ	55,187	11,027	20.0%
欧州	61,439	12,334	20.1%
アジア・パシフィック	71,516	12,982	18.2%