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Technology Services

Change, Inc. (Japan)

Business Summary

Change, Inc. provides mobility, IoT (Internet of Things) big data, security and IT human resources training services. It operates through the NEW-IT Transformation Business and Investment Business segments. The NEW-IT Transformation Business segment offers assistance in the productivity improvement for Japanese companies through information technology. The Investment Business segment handles business investments in companies during their preparation in going public. The company was founded by Yoshihisa Jimbo, Hiroshi Fukudome, Akira Itoh, Kenji Kaneda and Tetsuya Ishihara on April 10, 2003 and is headquartered in Tokyo, Japan.

Financial Highlights

Sep 2020 JPYUSD
Revenue10,542.13M97.76M
Gross Profit7,827.54M72.59M
Operating income4,202.34M38.97M
Income before tax4,160.78M38.58M
Net income2,049.38M19.00M
EBITDA4,775.07M44.28M
Diluted EPS31.630.29
Dividends Per Share00
Total Assets17,093.65M161.97M
Total liabilities7,687.33M72.84M
Total equity7,959.19M75.42M
Operating cash flow5,035.36M46.69M
Currency in JPYCurrency in USD

Historical Data

 Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020
Revenue 1,550.20M 1,980.07M 2,604.17M 5,992.60M 10,542.13M
Gross Profit 599.28M 790.20M 1,002.73M 3,944.69M 7,827.54M
Operating income 186.65M 331.28M 513.53M 1,008.56M 4,202.34M
Income before tax 175.54M 325.85M 502.17M 957.69M 4,160.78M
Net income 118.46M 229.92M 343.65M 476.55M 2,049.38M
EBITDA 196.49M 344.52M 540.38M 1,354.93M 4,775.07M
Diluted EPS 2.28 3.97 5.94 3.95 31.63
Dividends Per Share 0 0 0 0 0
Total Assets 1,242.96M 1,429.67M 2,268.42M 11,444.22M 17,093.65M
Total liabilities 392.95M 340.91M 612.84M 4,868.66M 7,687.33M
Total equity 850.00M 1,088.75M 1,655.57M 5,854.71M 7,959.19M
Operating cash flow 56.74M 326.60M 216.33M -220.74M 5,035.36M
 Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020
Revenue 13.88M 17.79M 23.57M 54.46M 97.76M
Gross Profit 5.36M 7.10M 9.07M 35.84M 72.59M
Operating income 1.67M 2.97M 4.64M 9.16M 38.97M
Income before tax 1.57M 2.92M 4.54M 8.70M 38.58M
Net income 1.06M 2.06M 3.11M 4.33M 19.00M
EBITDA 1.75M 3.09M 4.89M 12.31M 44.28M
Diluted EPS 0.02 0.03 0.05 0.03 0.29
Dividends Per Share 0 0 0 0 0
Total Assets 12.27M 12.70M 19.97M 105.89M 161.97M
Total liabilities 3.88M 3.02M 5.39M 45.04M 72.84M
Total equity 8.39M 9.67M 14.57M 54.17M 75.42M
Operating cash flow 0.50M 2.93M 1.95M -2.00M 46.69M

Valuation Measures

Sep 2020
PER128.80
ROA14.36%
ROE29.67%
Operating margin39.86%
Profit margin19.43%

Key executives

  • President & Representative Director: Hiroshi Fukudome
  • Chief Financial Officer & Director: Yutaka Yamada
  • Director, EVP & Manager-NEW IT Unit: Akira Itoh
  • Executive Officer & Head-NEW IT: Kenji Kaneda
  • Executive Officer & Head-Next Learning Experience: Tetsuya Ishihara

Shareholders

  • JIMBO YOSHIHISA (13.0%)
  • FUKUDOME HIROSHI (7.3%)
  • ITOH AKIRA /CHANGE/ (6.4%)
  • KANEDA KENJI (5.7%)
  • ISHIHARA TETSUYA (5.4%)
  • TAKAHASHI NORIMITSU (4.3%)
  • SUNAGA TAMAYO (3.7%)
  • Morgan Stanley Asia Ltd. (Investment Management) (3.1%)
  • Shiozumi Asset Management Co. Ltd. (2.7%)
  • Nomura Asset Management Co., Ltd. (1.5%)

Contact Details

  • Website:http://www.change-jp.com
  • Address: TOKYU REIT Toranomon Building, 6/F, 3-17-1 Toranomon, Tokyo, 105-0001, Japan
  • Phone: +81.3.6435.7338

Related Companies

  • beacapp, Inc.
  • Trustbank, Inc.
  • Change Employee Stock Ownership Plan

Competitors

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