# Gakken Holdings vs Poppins

> Unit: JPY millions (ratios in %)
> Periods: Gakken Holdings = FY ending Sep 2025, consolidated, J-GAAP / Poppins = FY ending Dec 2025, consolidated, J-GAAP
> Retrieved: 2026-09-30T22:22:14.326Z

| Metric | Gakken Holdings | Poppins |
| --- | ---: | ---: |
| Revenue | 199,119 | 34,409 |
| Operating income | 8,237 | 1,840 |
| Net income | 3,578 | 1,142 |
| COGS ratio | 72.4% | 78.2% |
| Operating margin | 4.1% | 5.3% |
| Net margin | 1.8% | 3.3% |
| FCF margin | 2.1% | 2.4% |
| Period | FY ending Sep 2025 | FY ending Dec 2025 |
| Source | S100XKOH | S100XTK0 |

## 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 | Gakken Holdings | Poppins |
| --- | ---: | ---: |
| Revenue growth | 51.9 (26 peers) | 45 (10 peers) |
| Profitability | 21.7 (30 peers) | 62.5 (12 peers) |
| Cash conversion | 44.6 (28 peers) | 20.8 (12 peers) |
| Efficiency | 78.3 (30 peers) | 87.5 (12 peers) |
| Financial strength | 16.7 (3 peers) | — |

## Company details

- https://vizora.meequs.com/en/company/gakken-holdings/md
- https://vizora.meequs.com/en/company/poppins/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).