Financials ZIGExN Co., Ltd.

Equities

3679

JP3386490001

Internet Services

Delayed Japan Exchange Other stock markets 00:36:51 10/02/2026 GMT			5-day change	1st Jan Change
440.00 ^JPY	-3.51%		-5.38%	-8.52%

01-05	Tranche Update on ZIGExN Co., Ltd.'s Equity Buyback Plan announced on May 13, 2025.	CI
12-17	ZIGExN's Subsidiary Apple World to Acquire Singapore-Based Hotel Wholesaler Quantum Reservation	MT

Projected Income Statement: ZIGExN Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	12,564	15,272	18,709	23,249	25,450	28,724	30,292	31,882
Change	-	21.55%	22.51%	24.27%	9.47%	12.86%	5.46%	5.25%
EBITDA ¹	3,834	4,244	5,205	6,781	7,084	7,691	8,256	8,920
Change	-	10.69%	22.64%	30.28%	4.47%	8.57%	7.34%	8.05%
EBIT ¹	-1,062	3,314	4,180	5,394	5,657	6,066	6,540	7,100
Change	-	412.05%	26.13%	29.04%	4.88%	7.22%	7.83%	8.56%
Interest Paid	-6	-6	-10	-13	-33	-	-	-
Earnings before Tax (EBT) ¹	-1,069	3,309	4,199	5,430	5,657	6,086	6,560	7,120
Change	-	409.54%	26.9%	29.32%	4.18%	7.57%	7.81%	8.54%
Net income ¹	-1,964	2,262	2,930	3,800	3,872	4,200	4,530	4,910
Change	-	215.17%	29.53%	29.69%	1.89%	8.48%	7.86%	8.39%
Announcement Date	14/05/21	13/05/22	10/05/23	09/05/24	13/05/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	3,266	3,723	3,823	3,770	3,632	4,047	4,105	4,318	4,695	5,591	5,460	5,743	5,717	6,329	6,173	6,099	6,265	6,913	6,759	7,017	7,115	7,854
Change	-	13.99%	2.69%	-1.39%	-3.66%	11.43%	1.43%	5.19%	8.73%	19.08%	-2.34%	5.18%	-0.45%	10.7%	-2.46%	-1.2%	2.72%	10.34%	-2.23%	3.82%	1.4%	10.39%
EBITDA ¹	923	1,171	1,151	1,001	897	1,195	1,204	1,176	1,213	1,612	1,505	1,627	1,670	1,979	1,786	1,681	1,674	1,941	1,801	1,852	1,741	2,160
Change	-	26.87%	-1.71%	-13.03%	-10.39%	33.22%	0.75%	-2.33%	3.15%	32.89%	-6.64%	8.11%	2.64%	18.5%	-9.75%	-5.88%	-0.42%	15.95%	-7.21%	2.83%	-5.99%	24.07%
EBIT ¹	711	918	931	769	656	958	972	934	961	1,313	1,203	1,310	1,347	1,534	1,452	1,338	1,328	1,539	1,416	1,436	1,309	1,726
Change	-	29.11%	1.42%	-17.4%	-14.69%	46.04%	1.46%	-3.91%	2.89%	36.63%	-8.38%	8.89%	2.82%	13.88%	-5.35%	-7.85%	-0.75%	15.89%	-7.99%	1.41%	-8.84%	31.89%
Charge d'intérêts	-2	-	-2	-	-2	-	-2	-	-13	-	-4	-	-7	-	-8	-	-	-	-11	-	-12	-
Earnings before Tax (EBT) ¹	709	916	929	768	655	957	971	932	948	1,348	1,207	1,320	1,316	1,587	1,444	1,316	1,346	1,551	1,409	1,470	1,313	1,741
Change	-	29.2%	1.42%	-17.33%	-14.71%	46.11%	1.46%	-4.02%	1.72%	42.19%	-10.46%	9.36%	-0.3%	20.59%	-9.01%	-8.86%	2.28%	15.23%	-9.16%	4.33%	-10.68%	32.6%
Net income ¹	437	612	657	541	452	612	694	677	667	892	847	947	981	1,025	981	872	914	1,072	971	1,011	911	1,178
Change	-	40.05%	7.35%	-17.66%	-16.45%	35.4%	13.4%	-2.45%	-1.48%	33.73%	-5.04%	11.81%	3.59%	4.49%	-4.29%	-11.11%	4.82%	17.29%	-9.42%	4.12%	-9.89%	29.31%
Announcement Date	10/02/21	14/05/21	11/08/21	12/11/21	14/02/22	13/05/22	09/08/22	09/11/22	07/02/23	10/05/23	09/08/23	09/11/23	08/02/24	09/05/24	07/08/24	07/11/24	07/02/25	13/05/25	12/08/25	11/11/25	09/02/26	-

¹JPY in Million

Estimates

Fiscal Period: March	2022 S1	2023 S1	2024 S1	2025 S1	2026 S1
Net sales ¹	7,593	8,423	11,203	12,272	13,776
Change	-	10.93%	33%	9.54%	12.26%
EBITDA	-	-	-	-	-
Change	-	-	-	-	-
EBIT ¹	1,700	1,906	2,513	2,790	2,852
Change	-	12.12%	31.85%	11.02%	2.22%
Charge d'intérêts ¹	-3	-3	-7	-31	-14
Earnings before Tax (EBT) ¹	1,697	1,903	2,527	2,760	2,879
Change	-	12.14%	32.79%	9.22%	4.31%
Net income ¹	1,198	1,371	1,794	1,886	1,982
Change	-	14.44%	30.85%	5.13%	5.09%
Announcement Date	12/11/21	09/11/22	09/11/23	07/11/24	11/11/25

¹JPY in Million

Estimates

Forecast Balance Sheet: ZIGExN Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt	-3,742	-5,691	-3,360	-8,718	-9,634	-	-	-
Change	-	-52.08%	40.96%	-159.46%	-10.51%	-	-	-
Announcement Date	14/05/21	13/05/22	10/05/23	09/05/24	13/05/25	-	-	-

Estimates

Cash Flow Forecast: ZIGExN Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	610	39	89	866	1,307	1,500	1,600	1,600
Change	-	-93.61%	128.21%	873.03%	50.92%	14.77%	6.67%	0%
Free Cash Flow (FCF) ¹	821	3,808	5,617	5,880	4,882	4,644	4,972	5,120
Change	-	363.82%	47.51%	4.68%	-16.97%	-4.88%	7.06%	2.98%
Announcement Date	14/05/21	13/05/22	10/05/23	09/05/24	13/05/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: ZIGExN Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	30.52%	27.79%	27.82%	29.17%	27.83%	26.78%	27.25%	27.98%
EBIT Margin (%)	-8.45%	21.7%	22.34%	23.2%	22.23%	21.12%	21.59%	22.27%
EBT Margin (%)	-8.51%	21.67%	22.44%	23.36%	22.23%	21.19%	21.66%	22.33%
Net margin (%)	-15.63%	14.81%	15.66%	16.34%	15.21%	14.62%	14.96%	15.4%
FCF margin (%)	6.53%	24.93%	30.02%	25.29%	19.18%	16.17%	16.41%	16.06%
FCF / Net Income (%)	-41.8%	168.35%	191.71%	154.74%	126.08%	110.56%	109.75%	104.27%
Profitability
ROA	-5.03%	15.87%	16.15%	16.73%	15.69%	-	-	-
ROE	-13.4%	16.2%	18.9%	21.4%	19.6%	17.8%	17.7%	16.8%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	4.86%	0.26%	0.48%	3.72%	5.14%	5.22%	5.28%	5.02%
CAPEX / EBITDA (%)	15.91%	0.92%	1.71%	12.77%	18.45%	19.5%	19.38%	17.94%
CAPEX / FCF (%)	74.3%	1.02%	1.58%	14.73%	26.77%	32.3%	32.18%	31.25%
Items per share
Cash flow per share ¹	-9.73	29.52	37.59	48.79	51.87	54.9	57.1	59.1
Change	-	403.39%	27.34%	29.8%	6.31%	5.84%	4.01%	3.5%
Dividend per Share ¹	3	3.5	4	6.5	10.5	11	11	11
Change	-	16.67%	14.29%	62.5%	61.54%	4.76%	0%	0%
Book Value Per Share ¹	120.1	138.1	154.5	187	199	229.9	265	303
Change	-	14.94%	11.92%	21%	6.39%	15.58%	15.25%	14.36%
EPS ¹	-18.05	20.92	27.85	36.53	38.13	41.9	45.25	49.05
Change	-	215.9%	33.13%	31.17%	4.38%	9.89%	8%	8.4%
Nbr of stocks (in thousands)	108,123	108,123	104,002	104,002	100,427	99,459	99,459	99,459
Announcement Date	14/05/21	13/05/22	10/05/23	09/05/24	13/05/25	-	-	-