2305
STUDIO ALICE Co.,Ltd.
株式会社スタジオアリス
Services
STUDIO ALICE Co.,Ltd. operates children's photo studios in Japan. It operates through Photography Business and Clothes Manufacturing & Wholesale Business segments. The Photography Business segment engages in taking, producing, processing, displaying, and printing photographs. The Clothes Manufacturing and Wholesale Business segment is involved in manufacturing and selling clothing for photography. The company also manufactures and sells printed products. STUDIO ALICE Co.,Ltd. was incorporated in 1974 and is headquartered in Osaka, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥32.9B
¥35.6B
¥36.4B
¥38.6B
¥40.7B
Cost of Sales
¥25.7B
¥27.3B
¥28.1B
¥28.4B
¥28.1B
Gross Profit
¥7.2B
¥8.3B
¥8.3B
¥10.2B
¥12.6B
SG&A
¥5.1B
¥5.3B
¥6.1B
¥6.2B
¥6.6B
Operating Income
¥2.1B
¥3.0B
¥2.3B
¥4.0B
¥6.0B
Non-Operating Income
¥124M
¥89M
¥94M
¥87M
¥134M
Dividend Income
¥41M
¥33M
¥27M
¥22M
¥21M
Interest Income
¥43M
¥1M
¥1M
¥1M
¥1M
Non-Operating Expenses
¥60M
¥59M
¥55M
¥95M
¥117M
Interest Expense
¥15M
¥21M
¥22M
¥24M
¥23M
Ordinary Income
¥2.2B
¥3.1B
¥2.3B
¥4.0B
¥6.0B
Pre-tax Income
¥1.9B
¥2.3B
¥1.9B
¥3.5B
¥5.7B
Income Taxes
¥718M
¥912M
¥754M
¥1.3B
¥2.0B
Current Tax
¥734M
¥805M
¥685M
¥1.3B
¥2.0B
Deferred Tax
¥-17M
¥107M
¥70M
¥-47M
¥-50M
Net Income (owners)
¥1.2B
¥1.4B
¥1.2B
¥2.3B
¥3.6B
Minority Interest
—
¥11M
¥2M
¥15M
¥64M
Comprehensive Income
¥1.3B
¥1.3B
¥1.6B
¥2.2B
¥3.9B
EBITDA
¥5.5B
¥6.8B
¥6.5B
¥8.0B
¥9.6B
Goodwill Amort. (J-GAAP)
¥0M
¥0M
¥1M
¥1M
¥1M
EPS
¥68.42
¥80.38
¥68.15
¥132.93
¥212.79
Shares Outstanding
17.0M
17.0M
17.0M
17.0M
17.0M
Shares Issued (total)
17.2M
17.2M
17.2M
17.2M
17.2M
Treasury Shares
0.2M
0.2M
0.2M
0.2M
0.2M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥38.4B
¥41.2B
¥42.3B
¥43.2B
¥43.2B
Current Assets
¥22.0B
¥23.3B
¥22.8B
¥22.7B
¥22.9B
Cash & Deposits
¥18.3B
¥19.5B
¥18.4B
¥17.9B
¥19.2B
Trade Receivables
¥870M
¥868M
¥960M
¥940M
—
Non-Current Assets
¥16.4B
¥17.9B
¥19.6B
¥20.5B
¥20.3B
PP&E
¥9.4B
¥10.6B
¥12.3B
¥13.6B
¥13.3B
Goodwill
¥0M
¥1M
¥1M
¥1M
¥3M
Intangible Assets
¥878M
¥984M
¥1.1B
¥1.0B
¥998M
Investment Securities
¥1.9B
¥1.8B
¥1.9B
¥1.3B
¥1.4B
Deferred Tax Assets
¥999M
¥1.0B
¥1.1B
¥1.4B
¥1.2B
Total Liabilities
¥8.2B
¥10.2B
¥11.4B
¥12.7B
¥13.6B
Current Liabilities
¥4.8B
¥5.9B
¥6.2B
¥7.0B
¥8.1B
Taxes Payable
¥434M
¥577M
¥214M
¥502M
¥1.5B
Non-Current Liabilities
¥3.4B
¥4.3B
¥5.2B
¥5.7B
¥5.5B
Pension Obligations
¥1.1B
¥1.1B
¥1.2B
¥1.2B
¥1.2B
Total Equity
¥30.2B
¥31.1B
¥31.0B
¥30.5B
¥29.6B
Capital Stock
¥1.9B
¥1.9B
¥1.9B
¥1.9B
¥1.9B
Capital Surplus
¥2.1B
¥2.1B
¥2.1B
¥2.1B
¥2.1B
Retained Earnings
¥25.7B
¥25.4B
¥25.2B
¥25.2B
¥24.2B
Treasury Stock
¥-277M
¥-277M
¥-277M
¥-277M
¥-276M
AOCI
¥858M
¥730M
¥799M
¥339M
¥421M
Equity (owners)
¥29.4B
¥29.0B
¥28.9B
¥28.9B
¥27.9B
Minority Interests
—
¥1.3B
¥1.3B
¥1.3B
¥1.3B
Net Cash ⓘ
¥18.3B
¥19.5B
¥18.4B
¥17.9B
¥19.2B
NCAV ⓘ
¥13.8B
¥13.2B
¥11.4B
¥10.0B
¥9.3B
NCAV/Share
¥814
¥775
¥671
¥590
¥549
BV/Share
¥1,729
¥1,710
¥1,700
¥1,702
¥1,642
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥4.9B
¥6.3B
¥5.7B
¥4.0B
¥9.4B
Interest Paid
¥-15M
¥-21M
¥-22M
¥-24M
¥-23M
Interest Received
¥84M
¥34M
¥27M
¥24M
¥22M
D&A
¥3.4B
¥3.8B
¥4.2B
¥4.0B
¥3.6B
Goodwill Amort.
¥0M
¥0M
¥1M
¥1M
¥1M
Investing CF
¥-2.4B
¥-2.5B
¥-3.6B
¥-4.3B
¥-4.7B
CapEx
¥2.1B
¥1.7B
¥3.1B
¥3.8B
¥4.3B
Purchase Investments
—
—
—
¥-6M
¥-5M
Financing CF
¥-3.7B
¥-2.7B
¥-1.6B
¥-975M
¥882M
Dividends Paid
¥-849M
¥-1.2B
¥-1.2B
¥-1.2B
¥-849M
Share Buybacks
—
¥-0M
—
¥-0M
¥-0M
Free Cash Flow
¥2.8B
¥4.7B
¥2.6B
¥224M
¥5.0B
Net Change in Cash
¥-1.2B
¥1.1B
¥470M
¥-1.3B
¥5.5B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
3.9%
4.6%
3.9%
7.8%
13.5%
ROA
2.9%
3.3%
2.7%
5.2%
8.4%
EPS
¥68.42
¥80.38
¥68.15
¥132.93
¥212.79
DPS
¥50.00
¥50.00
¥70.00
¥70.00
¥70.00
BPS
¥1,779.89
¥1,753.35
¥1,747.06
¥1,721.85
¥1,666.38
FCF/Share
¥165
¥274
¥156
¥13
¥297
NCAV/Share
¥814
¥775
¥671
¥590
¥549
Payout Ratio
73.1%
62.2%
102.7%
52.7%
32.9%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 5
Date Activist Stake Event Flag Demands Source
2025-03-03
TORRANCE JAPAN Co., Ltd.
26.03%
correction
Passive
—
2025-02-12
TORRANCE JAPAN Co., Ltd.
26.03%
change
Passive
—
2024-09-25
MOTOMURA MASATSUGU
26.04%
change
Passive
—
2023-10-30
MOTOMURA MASATSUGU
26.04%
correction
Passive
—
2023-08-17
MOTOMURA MASATSUGU
26.04%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 1
#
Shareholder
Shares (thou.)
% of Total
1
株式会社トーランス・ジャパン
3,962
23.33%
2
富士フイルム株式会社
3,445
20.28%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(信託口)
794
4.68%
4
本村 初江
512
3.02%
5
SMBC日興証券株式会社
469
2.77%
6
スタジオアリス従業員持株会
360
2.12%
7
STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部)
256
1.51%
8
山本 浤
201
1.19%
9
株式会社三菱UFJ銀行
195
1.15%
10
BNP PARIBAS NEW YORK BRANCH - PRIME BROKERAGE CLEARANCE ACCOUNT (常任代理人 香港上海銀行東京支店))
142
0.84%
Domestic Nominees
4.7%
-1.3% vs 2025
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2025
Sub-custodians for foreign asset managers
Direct / Strategic
56.2%
+2.1% vs 2025
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
2026
式会社トーランス・ジャパン
23.33%
—
23.33%
23.33%
富士フイルム
20.28%
20.28%
20.28%
20.28%
日本マスタートラスト信託銀行
5.40%
4.88%
5.29%
4.68%
-0.61%
本村 初江
—
—
3.02%
3.02%
SMBC日興証券
2.29%
2.69%
2.13%
2.77%
+0.64%
スタジオアリス従業員持株会
2.32%
2.31%
2.25%
2.12%
-0.13%
STATE STREET BANK AND TRUST COMPANY 505001
NEW ENTRY
—
—
—
—
1.51%
NEW
山本 浤
1.19%
1.19%
1.19%
1.19%
三菱UFJ銀行
1.15%
1.15%
1.15%
1.15%
BNP PARIBAS NEW YORK BRANCH - PRIME BROKERAGE CLEARANCE ACCOUNT )
NEW ENTRY
—
—
—
—
0.84%
NEW
MSIP CLIENT SECURITIES
last seen 2025
Exited Top 10
—
—
0.71%
—
日本カストディ銀行
last seen 2025
Exited Top 10
3.91%
2.91%
0.66%
—
熊木昭二
last seen 2024
Exited Top 10
—
0.40%
—
—
野村證券
last seen 2023
Exited Top 10
0.50%
—
—
—
本村 昌次
last seen 2024
Exited Top 10
3.02%
3.02%
—
—
同会社トーランス・ジャパン
last seen 2024
Exited Top 10
—
23.33%
—
—
Concentration (HHI)
ⓘ
1023
1012
1006
1004
4 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥1,746M
+43% since 2023
Holdings
1
Trend
1 building
vs 2023
Held Company
FY2025
¥1,746M total
FY2023
¥1,221M total
Book Val ¥M
Shares
Book Val ¥M
Shares
FUJIFILM Holdings Corporation
富士フイルムホールディングス株式会社
1,746
+200.0%
↑
576,600
1,221
192,200
Portfolio total
1,746
1,221
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding