# PHC Holdings vs M3 vs SMS vs Jmdc

> Unit: JPY millions (ratios in %)
> Periods: PHC Holdings = FY ending Mar 2026, consolidated, IFRS / M3 = FY ending Mar 2026, consolidated, IFRS / SMS = FY ending Mar 2026, consolidated, J-GAAP / Jmdc = FY ending Mar 2026, consolidated, IFRS
> Retrieved: 2026-09-30T19:05:45.725Z

| Metric | PHC Holdings | M3 | SMS | Jmdc |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 364,403 | 351,363 | 64,735 | 50,462 |
| Operating income | 22,688 | 73,547 | 6,787 | 10,521 |
| Net income | 492 | 49,100 | -14,317 | 6,765 |
| COGS ratio | 54.6% | 50.0% | 11.7% | 45.1% |
| Operating margin | 6.2% | 20.9% | 10.5% | 20.8% |
| Net margin | 0.1% | 14.0% | -22.1% | 13.4% |
| FCF margin | 9.2% | 16.6% | 7.6% | 13.0% |
| Period | FY ending Mar 2026 | FY ending Mar 2026 | FY ending Mar 2026 | FY ending Mar 2026 |
| Source | S100YHPK | S100YJ25 | S100YF7X | S100YJCA |

## 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 | PHC Holdings | M3 | SMS | Jmdc |
| --- | ---: | ---: | ---: | ---: |
| Revenue growth | 45.8 (12 peers) | 53.6 (14 peers) | 39.3 (14 peers) | 89.3 (14 peers) |
| Profitability | 65.4 (13 peers) | 69.4 (18 peers) | 36.1 (18 peers) | 63.9 (18 peers) |
| Cash conversion | 59.1 (11 peers) | 79.4 (17 peers) | 91.2 (17 peers) | 44.1 (17 peers) |
| Efficiency | 42.3 (13 peers) | 25 (18 peers) | 75 (18 peers) | 2.8 (18 peers) |
| Financial strength | — | — | — | — |

## Company details

- https://vizora.meequs.com/en/company/phc-holdings/md
- https://vizora.meequs.com/en/company/m3/md
- https://vizora.meequs.com/en/company/sms/md
- https://vizora.meequs.com/en/company/jmdc/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).