# Arealink vs Duskin vs Hakuyosha Company vs Studio Alice

> Unit: JPY millions (ratios in %)
> Periods: Arealink = FY ending Dec 2025, non-consolidated, J-GAAP / Duskin = FY ending Mar 2026, consolidated, J-GAAP / Hakuyosha Company = FY ending Dec 2025, consolidated, J-GAAP / Studio Alice = FY ending Feb 2026, consolidated, J-GAAP
> Retrieved: 2026-09-30T19:14:56.923Z

| Metric | Arealink | Duskin | Hakuyosha Company | Studio Alice |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 26,418 | 194,554 | 44,625 | 32,928 |
| Operating income | 5,470 | 8,748 | 2,397 | 2,097 |
| Net income | 3,705 | 9,180 | 2,133 | 1,162 |
| COGS ratio | 63.9% | 55.9% | 84.5% | 78.1% |
| Operating margin | 20.7% | 4.5% | 5.4% | 6.4% |
| Net margin | 14.0% | 4.7% | 4.8% | 3.5% |
| FCF margin | -10.7% | 1.9% | 4.2% | 7.5% |
| Period | FY ending Dec 2025 | FY ending Mar 2026 | FY ending Dec 2025 | FY ending Feb 2026 |
| Source | S100XSP5 | S100YEAI | 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 | Arealink | Duskin | Hakuyosha Company | Studio Alice |
| --- | ---: | ---: | ---: | ---: |
| Revenue growth | 72.2 (9 peers) | 94.4 (9 peers) | 50 (9 peers) | 5.6 (9 peers) |
| Profitability | 95 (10 peers) | 55 (10 peers) | 65 (10 peers) | 85 (10 peers) |
| Cash conversion | 55 (10 peers) | 75 (10 peers) | 65 (10 peers) | 85 (10 peers) |
| Efficiency | 5 (10 peers) | 35 (10 peers) | 65 (10 peers) | 25 (10 peers) |
| Financial strength | — | — | — | — |

## Company details

- https://vizora.meequs.com/en/company/arealink/md
- https://vizora.meequs.com/en/company/duskin/md
- 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).