# Hakuyosha Company vs Studio Alice

> Unit: JPY millions (ratios in %)
> Periods: Hakuyosha Company = FY ending Dec 2025, consolidated, J-GAAP / Studio Alice = FY ending Feb 2026, consolidated, J-GAAP
> Retrieved: 2026-09-30T17:55:11.650Z

| Metric | Hakuyosha Company | Studio Alice |
| --- | ---: | ---: |
| Revenue | 44,625 | 32,928 |
| Operating income | 2,397 | 2,097 |
| Net income | 2,133 | 1,162 |
| COGS ratio | 84.5% | 78.1% |
| Operating margin | 5.4% | 6.4% |
| Net margin | 4.8% | 3.5% |
| FCF margin | 4.2% | 7.5% |
| Period | FY ending Dec 2025 | FY ending Feb 2026 |
| Source | S100XT2K | S100Y6JW |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Hakuyosha Company | Studio Alice |
| --- | ---: | ---: |
| Revenue growth | 50 (9 peers) | 5.6 (9 peers) |
| Profitability | 65 (10 peers) | 85 (10 peers) |
| Cash conversion | 65 (10 peers) | 85 (10 peers) |
| Efficiency | 65 (10 peers) | 25 (10 peers) |
| Financial strength | — | — |

## Company details

- https://vizora.meequs.com/en/company/hakuyosha/md
- https://vizora.meequs.com/en/company/studio-alice/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).