Amuse×SM Entertainment Japan

Different ways of making money, on the same scale.

Same yardstick

MetricAmuseFY ending Mar 2026SM Entertainment JapanFY ending Dec 2025
Revenue¥69.7B¥10.2B
COGS ratio—80.2%
Operating margin8.8%1.7%
Net margin3.9%3.7%
FCF margin8.2%13.9%

Highlighted = best value for that metric

Money flows side by side

Chart height is proportional to revenue.

Amuse¥69.7B · keeps ¥9 per ¥100

※ Cost of revenue is not disclosed; expenses are combined

SM Entertainment Japan¥10.2B · keeps ¥2 per ¥100

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