f-codef-code Inc.9211東証グロースサービス業FY ending Dec 2025, consolidated, IFRS

f-code FY ending Dec 2025 results

f-code brought in ¥11.9B in revenue.

Out of every ¥100 of sales, about ¥20 is left as operating profit.

Revenue changed +132.7% from the prior year, operating profit +73.8%.

Revenue and profit pattern

Revenue and profit upRevenue grew faster

Revenue +132.7% · profit +73.8%, calculated from disclosed figures.

Operating leverage: 0.56× (profit growth ÷ revenue growth)

What changed from last year

FY ending Dec 2024 → FY ending Dec 2025

Revenue
+132.7%¥5.13B → ¥11.9B
Gross profit
+150.8%¥2.84B → ¥7.13B
Operating income
+73.8%¥1.33B → ¥2.31B
Net income attributable to owners
+73.1%¥838M → ¥1.45B
Operating cash flow
+27.6%¥916.5M → ¥1.17B
Free cash flow
+32.2%¥817.3M → ¥1.08B

Where the money goes

FY ending Dec 2024 → FY ending Dec 2025

Where ¥100 of sales goes

For every ¥100 f-code sells, how much goes where, and how much is kept.

FY ending Dec 2025
Cost of sales
¥40
SG&A
¥44
Other costs
¥4
Operating profit
¥20
Net profit kept
¥12

Annual margin trends

Gross margin59.7%
FY ending Dec 2021: 61.4%61.4%FY ending Dec 2022: 58.5%58.5%FY ending Dec 2022: 57.8%57.8%FY ending Dec 2023: 59.2%59.2%FY ending Dec 2024: 55.4%55.4%FY ending Dec 2025: 59.7%59.7%FY21FY22FY22FY23FY24FY25
Operating margin19.3%
FY ending Dec 2021: 24.3%24.3%FY ending Dec 2022: 12.2%12.2%FY ending Dec 2022: 21.5%21.5%FY ending Dec 2023: 26.0%26.0%FY ending Dec 2024: 25.9%25.9%FY ending Dec 2025: 19.3%19.3%FY21FY22FY22FY23FY24FY25
Net margin12.1%
FY ending Dec 2021: 23.1%23.1%FY ending Dec 2022: 6.5%6.5%FY ending Dec 2022: 18.1%18.1%FY ending Dec 2023: 19.3%19.3%FY ending Dec 2024: 16.3%16.3%FY ending Dec 2025: 12.1%12.1%FY21FY22FY22FY23FY24FY25

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Sources

Show source documents (5)
  • EDINET (FSA Japan)

    有価証券報告書-第20期(2025/01/01-2025/12/31)

    ID S100XVKK2026-03-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第19期(2024/01/01-2024/12/31)

    ID S100VJ682025-03-31Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第18期(2023/01/01-2023/12/31)

    ID S100TGPF2024-05-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第17期(2022/01/01-2022/12/31)

    ID S100QIAY2023-03-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第16期(令和3年1月1日-令和3年12月31日)

    ID S100NRI52022-03-29Open

Extracted from XBRL: 41 / Derived from other figures: 1

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