# SMS vs Jmdc

> Unit: JPY millions (ratios in %)
> Periods: SMS = FY ending Mar 2026, consolidated, J-GAAP / Jmdc = FY ending Mar 2026, consolidated, IFRS
> Retrieved: 2026-09-30T18:26:34.357Z

| Metric | SMS | Jmdc |
| --- | ---: | ---: |
| Revenue | 64,735 | 50,462 |
| Operating income | 6,787 | 10,521 |
| Net income | -14,317 | 6,765 |
| COGS ratio | 11.7% | 45.1% |
| Operating margin | 10.5% | 20.8% |
| Net margin | -22.1% | 13.4% |
| FCF margin | 7.6% | 13.0% |
| Period | FY ending Mar 2026 | FY ending Mar 2026 |
| Source | 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 | SMS | Jmdc |
| --- | ---: | ---: |
| Revenue growth | 39.3 (14 peers) | 89.3 (14 peers) |
| Profitability | 36.1 (18 peers) | 63.9 (18 peers) |
| Cash conversion | 91.2 (17 peers) | 44.1 (17 peers) |
| Efficiency | 75 (18 peers) | 2.8 (18 peers) |
| Financial strength | — | — |

## Company details

- 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).