Sun* Inc. engages in the digital creative studio business in Japan. The company offers creative and engineering services, including support for business design, prototype development, full development, and growth. It also provides talent platform services to support new business development and digital transformation. The company was incorporated in 2013 and is headquartered in Tokyo, Japan.
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Financials
Ownership
Material Events
Income Statement
Balance Sheet
Cash Flow
Ratios & Growth
Metric
FY 2025
EDINET โ
FY 2024
EDINET โ
FY 2023
EDINET โ
FY 2022
EDINET โ
FY 2021
EDINET โ
FY 2020
EDINET โ
Net Sales
ยฅ14.8B
ยฅ13.6B
ยฅ12.5B
ยฅ10.7B
ยฅ8.0B
ยฅ5.4B
Cost of Sales
ยฅ7.6B
ยฅ6.6B
ยฅ6.0B
ยฅ5.7B
ยฅ4.0B
ยฅ2.5B
Gross Profit
ยฅ7.2B
ยฅ7.0B
ยฅ6.5B
ยฅ5.1B
ยฅ4.1B
ยฅ2.9B
SG&A
ยฅ6.1B
ยฅ5.5B
ยฅ4.8B
ยฅ4.2B
ยฅ2.7B
ยฅ2.0B
Operating Income
ยฅ1.1B
ยฅ1.4B
ยฅ1.8B
ยฅ902M
ยฅ1.4B
ยฅ886M
Non-Operating Income
ยฅ303M
ยฅ189M
ยฅ590M
ยฅ313M
ยฅ167M
ยฅ56M
Interest Income
ยฅ266M
ยฅ177M
ยฅ402M
ยฅ195M
ยฅ138M
ยฅ28M
Non-Operating Expenses
ยฅ357M
ยฅ178M
ยฅ85M
ยฅ71M
ยฅ4M
ยฅ16M
Interest Expense
ยฅ25M
ยฅ7M
ยฅ6M
ยฅ5M
ยฅ2M
ยฅ3M
Ordinary Income
ยฅ998M
ยฅ1.5B
ยฅ2.3B
ยฅ1.1B
ยฅ1.6B
ยฅ927M
Pre-tax Income
ยฅ907M
ยฅ1.4B
ยฅ2.1B
ยฅ1.1B
ยฅ1.6B
ยฅ927M
Income Taxes
ยฅ431M
ยฅ399M
ยฅ538M
ยฅ253M
ยฅ261M
ยฅ123M
Current Tax
ยฅ397M
ยฅ398M
ยฅ582M
ยฅ203M
ยฅ266M
ยฅ109M
Deferred Tax
ยฅ33M
ยฅ0M
ยฅ-43M
ยฅ50M
ยฅ-5M
ยฅ14M
Net Income (owners)
ยฅ476M
ยฅ1.0B
ยฅ1.6B
ยฅ824M
ยฅ1.3B
ยฅ804M
Comprehensive Income
ยฅ468M
ยฅ1.3B
ยฅ1.8B
ยฅ1.1B
ยฅ1.5B
ยฅ762M
EBITDA
ยฅ1.3B
ยฅ1.7B
ยฅ2.0B
ยฅ1.0B
ยฅ1.5B
ยฅ955M
Goodwill Amort. (J-GAAP)
ยฅ86M
ยฅ72M
ยฅ70M
ยฅ70M
ยฅ25M
ยฅ10M
EPS
ยฅ12.59
ยฅ26.87
ยฅ41.25
ยฅ21.81
ยฅ34.79
ยฅ22.93
Shares Outstanding
38.1M
37.6M
38.1M
38.0M
37.7M
36.8M
Shares Issued (total)
39.1M
38.4M
38.1M
38.0M
37.7M
36.8M
Treasury Shares
1.0M
0.8M
0.0M
0.0M
โ
โ
Metric
FY 2025
EDINET โ
FY 2024
EDINET โ
FY 2023
EDINET โ
FY 2022
EDINET โ
FY 2021
EDINET โ
FY 2020
EDINET โ
Total Assets
ยฅ16.1B
ยฅ14.0B
ยฅ11.9B
ยฅ9.7B
ยฅ8.4B
ยฅ6.2B
Current Assets
ยฅ13.2B
ยฅ12.2B
ยฅ10.0B
ยฅ7.9B
ยฅ7.1B
ยฅ5.8B
Cash & Deposits
ยฅ10.6B
ยฅ9.8B
ยฅ7.9B
ยฅ6.3B
ยฅ5.7B
ยฅ5.1B
Trade Receivables
ยฅ1.8B
ยฅ1.7B
ยฅ1.4B
ยฅ1.2B
ยฅ989M
ยฅ584M
Non-Current Assets
ยฅ3.0B
ยฅ1.7B
ยฅ1.8B
ยฅ1.8B
ยฅ1.3B
ยฅ421M
PP&E
ยฅ182M
ยฅ211M
ยฅ252M
ยฅ267M
ยฅ102M
ยฅ72M
Goodwill
ยฅ906M
ยฅ413M
ยฅ456M
ยฅ527M
ยฅ597M
ยฅ81M
Intangible Assets
ยฅ954M
ยฅ466M
ยฅ507M
ยฅ578M
ยฅ600M
ยฅ81M
Investment Securities
ยฅ1.4B
ยฅ675M
ยฅ489M
ยฅ513M
ยฅ410M
ยฅ170M
Deferred Tax Assets
ยฅ127M
ยฅ78M
ยฅ102M
ยฅ62M
ยฅ34M
ยฅ9M
Total Liabilities
ยฅ5.4B
ยฅ3.7B
ยฅ2.4B
ยฅ1.9B
ยฅ1.8B
ยฅ1.2B
Current Liabilities
ยฅ3.2B
ยฅ3.3B
ยฅ2.0B
ยฅ1.6B
ยฅ1.5B
ยฅ1.0B
Accounts Payable
ยฅ380M
ยฅ371M
ยฅ242M
ยฅ273M
ยฅ230M
ยฅ142M
ST Debt
โ
ยฅ1.2B
ยฅ33M
ยฅ236M
ยฅ141M
ยฅ209M
Taxes Payable
ยฅ356M
ยฅ218M
ยฅ328M
ยฅ97M
ยฅ208M
ยฅ70M
Non-Current Liabilities
ยฅ2.3B
ยฅ414M
ยฅ324M
ยฅ332M
ยฅ293M
ยฅ188M
Total LT Borrowings
ยฅ1.8B
โ
ยฅ11M
ยฅ44M
ยฅ219M
ยฅ153M
Deferred Tax Liab.
ยฅ141M
ยฅ71M
ยฅ85M
ยฅ83M
โ
โ
Total Equity
ยฅ10.7B
ยฅ10.3B
ยฅ9.5B
ยฅ7.7B
ยฅ6.6B
ยฅ5.0B
Capital Stock
ยฅ1.8B
ยฅ1.7B
ยฅ1.7B
ยฅ1.7B
ยฅ1.7B
ยฅ1.7B
Capital Surplus
ยฅ1.7B
ยฅ1.7B
ยฅ1.7B
ยฅ1.7B
ยฅ1.7B
ยฅ1.7B
Retained Earnings
ยฅ6.9B
ยฅ6.5B
ยฅ5.4B
ยฅ3.9B
ยฅ3.1B
ยฅ1.8B
Treasury Stock
ยฅ-676M
ยฅ-520M
ยฅ0M
ยฅ-0M
ยฅ-0M
โ
AOCI
ยฅ889M
ยฅ897M
ยฅ633M
ยฅ449M
ยฅ140M
ยฅ-55M
Equity (owners)
ยฅ9.8B
ยฅ9.4B
ยฅ8.9B
ยฅ7.3B
ยฅ6.4B
ยฅ5.1B
Total Interest-Bearing Debt โ
ยฅ1.8B
ยฅ1.2B
ยฅ44M
ยฅ280M
ยฅ359M
ยฅ362M
Net Cash โ
ยฅ8.8B
ยฅ8.5B
ยฅ7.9B
ยฅ6.0B
ยฅ5.4B
ยฅ4.7B
NCAV โ
ยฅ7.7B
ยฅ8.6B
ยฅ7.7B
ยฅ6.0B
ยฅ5.3B
ยฅ4.6B
NCAV/Share
ยฅ202
ยฅ227
ยฅ202
ยฅ158
ยฅ140
ยฅ125
BV/Share
ยฅ256
ยฅ250
ยฅ233
ยฅ192
ยฅ171
ยฅ138
Metric
FY 2025
EDINET โ
FY 2024
EDINET โ
FY 2023
EDINET โ
FY 2022
EDINET โ
FY 2021
EDINET โ
FY 2020
EDINET โ
Operating CF
ยฅ1.4B
ยฅ1.0B
ยฅ1.9B
ยฅ807M
ยฅ1.2B
ยฅ863M
Interest Paid
ยฅ-25M
ยฅ-7M
ยฅ-5M
ยฅ-5M
ยฅ-2M
ยฅ-3M
Interest Received
ยฅ191M
ยฅ302M
โ
โ
โ
โ
D&A
ยฅ121M
ยฅ136M
ยฅ123M
ยฅ68M
ยฅ53M
ยฅ58M
Goodwill Amort.
ยฅ86M
ยฅ72M
ยฅ70M
ยฅ70M
ยฅ25M
ยฅ10M
Investing CF
ยฅ-534M
ยฅ-260M
ยฅ-326M
ยฅ-1.3B
ยฅ-1.4B
ยฅ-982M
CapEx
ยฅ65M
ยฅ76M
ยฅ95M
ยฅ177M
ยฅ52M
ยฅ33M
Purchase Investments
ยฅ-876M
ยฅ-202M
ยฅ-51M
ยฅ-182M
ยฅ-239M
ยฅ-86M
Proceeds from Invest.
โ
โ
โ
ยฅ3M
ยฅ10M
โ
Financing CF
ยฅ624M
ยฅ720M
ยฅ-224M
ยฅ-62M
ยฅ-181M
ยฅ2.0B
Share Buybacks
ยฅ-155M
ยฅ-520M
โ
โ
ยฅ-0M
โ
LT Debt Repaid
ยฅ-45M
โ
ยฅ-54M
ยฅ-260M
ยฅ-222M
ยฅ-276M
Free Cash Flow
ยฅ1.3B
ยฅ934M
ยฅ1.8B
ยฅ630M
ยฅ1.1B
ยฅ829M
Net Change in Cash
ยฅ1.7B
ยฅ1.6B
ยฅ1.3B
ยฅ-447M
ยฅ-337M
ยฅ1.9B
Metric
FY 2025
EDINET โ
FY 2024
EDINET โ
FY 2023
EDINET โ
FY 2022
EDINET โ
FY 2021
EDINET โ
FY 2020
EDINET โ
Return on Equity (ROE) โ
4.5%
10.3%
18.2%
11.5%
22.4%
16.0%
Return on Assets (ROA) โ
3.2%
7.9%
14.6%
9.1%
17.8%
12.9%
Gross Margin โ
48.5%
51.3%
52.3%
47.2%
50.6%
53.1%
Operating Margin โ
7.1%
10.6%
14.2%
8.4%
17.6%
16.5%
Net Margin โ
3.2%
7.5%
12.5%
7.7%
16.2%
15.0%
Current Ratio โ
4.17x
3.74x
4.94x
4.93x
4.69x
5.73x
Quick Ratio โ
4.17x
3.74x
4.94x
4.93x
4.69x
5.73x
Revenue / Share โ
ยฅ389
ยฅ360
ยฅ329
ยฅ283
ยฅ213
ยฅ146
BV/Share โ
ยฅ256
ยฅ250
ยฅ233
ยฅ192
ยฅ171
ยฅ138
NCAV/Share โ
ยฅ202
ยฅ227
ยฅ202
ยฅ158
ยฅ140
ยฅ125
EPS โ
ยฅ12.59
ยฅ26.87
ยฅ41.25
ยฅ21.81
ยฅ34.79
ยฅ22.93
DPS โ
ยฅ0.00
ยฅ0.00
ยฅ0.00
ยฅ0.00
ยฅ0.00
ยฅ0.00
Payout Ratio โ
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
FCF/Share โ
ยฅ33.82
ยฅ24.81
ยฅ46.96
ยฅ16.60
ยฅ30.11
ยฅ22.51
Market Valuation
Avg daily close price for calendar year ร most recently reported EPS / DPS
Metric
CY2023
CY2024
CY2025
Avg P/E โ
28.9ร
EPS from 2023-12
29.7ร
EPS from 2024-12
41.4ร
EPS from 2025-12
Avg Div Yield โ
0.00%
DPS from 2023-12
0.00%
DPS from 2024-12
0.00%
DPS from 2025-12
Avg Daily Close
ยฅ1,193
ยฅ797
ยฅ521
Growth Rates (CAGR)
Metric
3yr CAGR (FY2022โ2025)
5yr CAGR (FY2020โ2025)
Stock Price
-28.5%
-27.2%
Sales
+11.4%
+22.5%
FCF/Share
+26.8%
+8.5%
EPS
-16.7%
-11.3%
DPS
โ
โ
BV/Share
+10.1%
+13.2%
NCAV/Share
+8.7%
+10.1%
No capital allocation signals recorded for this company.
Top 10 Shareholders
Ownership DNA
Large Shareholder Reports 8
#
Shareholder
Shares (thou.)
% of Total
1
ๅนณไบ่ช ไบบ
11,654
2
ๆ้จ่ฃ่ผ
5,394
3
FUJIMOTO KAZUNARI-DAIWA CM SINGAPORE LTD-NOMINEE ๏ผๅธธไปปไปฃ็ไบบ ๅคงๅ่จผๅธๆ ชๅผไผ็คพ๏ผ
3,220
4
ๅฐๆๆณฐๅนณ
3,160
5
้ซๅๅฅไธ
1,170
6
The Master Trust Bank of Japan, Ltd. (Trust Account)
ๆฅๆฌใในใฟใผใใฉในใไฟก่จ้่ก ๆ ชๅผไผ็คพ๏ผไฟก่จๅฃ๏ผ๏ผๆณจ๏ผ๏ผ
1,168
7
ๅฑฑๅด่ฒข
217
8
ใฝใใผใใใใฏใผใฏใณใใฅใใฑใผใทใงใณใบๆ ชๅผไผ็คพ
210
9
SOMPOใใผใซใใฃใณใฐในๆ ชๅผไผ็คพ
210
10
BNY Mellon (Nominee)
BNYM SA/NV FOR BNYM FOR BNYM GCM CLIENT ACCTS M ILM FE ๏ผๅธธไปปไปฃ็ไบบ ๆ ชๅผไผ็คพไธ่ฑUFJ้่ก๏ผ
155
Domestic Nominees
3.1%
-0.4% vs 2024
Trust bank custodians โ GPIF, pensions, investment trusts
Foreign Custodians
0.4%
+0.4% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
66.2%
-3.3% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2021
2022
2023
2024
2025
ๅนณไบ่ช ไบบ
61.16%
30.70%
30.60%
30.95%
30.57%
-0.38%
ๆ้จ่ฃ่ผ
30.60%
15.21%
14.16%
14.32%
14.15%
-0.17%
FUJIMOTO KAZUNARI-DAIWA CM SINGAPORE LTD-NOMINEE
โ
8.48%
8.45%
8.55%
8.45%
-0.10%
ๅฐๆๆณฐๅนณ
15.46%
7.69%
7.66%
8.39%
8.29%
-0.10%
้ซๅๅฅไธ
6.20%
2.89%
2.88%
3.11%
3.07%
-0.04%
The Master Trust Bank of Japan, Ltd. (Trust Account)
ๆฅๆฌใในใฟใผใใฉในใไฟก่จ้่ก
โ
3.49%
4.63%
3.51%
3.06%
-0.45%
ๅฑฑๅด่ฒข
NEW ENTRY
โ
โ
โ
โ
โ
0.57%
NEW
ใฝใใผใใใใฏใผใฏใณใใฅใใฑใผใทใงใณใบ
NEW ENTRY
โ
โ
โ
โ
โ
0.55%
NEW
SOMPOใใผใซใใฃใณใฐใน
NEW ENTRY
โ
โ
โ
โ
โ
0.55%
NEW
BNY Mellon (Nominee)
NEW ENTRY
BNY Mellon
โ
โ
โ
โ
โ
0.40%
NEW
Daiwa Securities Co., Ltd.
ๅคงๅ่จผๅธ
last seen 2024
Exited Top 10
โ
โ
โ
1.50%
โ
BBH FOR GRANDEUR PEAK INTERNATIONAL OPPRTUNITIES FUND
last seen 2024
Exited Top 10
โ
โ
โ
1.06%
โ
็ณๅกไฟ่ก
last seen 2024
Exited Top 10
3.28%
1.63%
1.57%
0.81%
โ
Nomura Securities Co., Ltd.
้ๆ่จผๅธ
last seen 2024
Exited Top 10
โ
โ
โ
0.78%
โ
่คๆฌไธๆ
last seen 2021
Exited Top 10
17.06%
โ
โ
โ
โ
Custody Bank of Japan, Ltd. (Trust Account)
ๆฅๆฌใซในใใใฃ้่ก
last seen 2023
Exited Top 10
11.76%
1.28%
2.48%
โ
โ
ๆฌๅคๆบๆด
last seen 2023
Exited Top 10
โ
1.76%
2.45%
โ
โ
่พฒๆไธญ้ใญใฃใใฟใซ2019 ๆ่ณไบๆฅญๆ้่ฒฌไปป็ตๅ
last seen 2022
Exited Top 10
7.18%
2.55%
โ
โ
โ
Rakuten Securities, Inc.
ๆฅฝๅคฉ่จผๅธ
last seen 2023
Exited Top 10
โ
โ
1.73%
โ
โ
Concentration (HHI)
โ
5446
1339
1314
1333
1295
5 fiscal years ยท top-10 holders per year ยท >2,500 HHI = high concentration ยท entity-resolved
โ CSV
Date Shareholder Stake Event Flag Demands Source
2024-09-18
Yusuke Hattori
14.16%
change
Passive
โ
2024-08-14
Taihei Kobayashi
7.66%
change
Passive
โ
2023-10-26
Makoto Hirai
30.62%
correction
Passive
โ
2023-10-05
Makoto Hirai
30.62%
change
Passive
โ
2023-08-17
Fujimoto Kazunari
8.46%
correction
Passive
โ
2023-08-15
Fujimoto Kazunari
8.46%
-0.08%
correction
Passive
โ
2023-08-09
Fujimoto Kazunari
8.54%
change
Passive
โ
2023-06-07
Mizuhoย Securitiesย Co.,ย Ltd.
3.72%
change
Passive
โ
Date
Category
Summary
Amount
2026-01-29
๐ฐ Capital Raise
Equity
Sun Asterisk Inc. has decided to issue 12,300 stock acquisition rights (warrants) to directors, senior management, and subsidiary employees. The warrants have an issue price of 200 yen per warrant, with an exercise price of 455 yen per share, and are exercisable from April 1, 2029 to March 31, 2032. Exercise eligibility is conditional on the company achieving consolidated gross profit targets of 11.0-14.0 billion yen in the fiscal year ended December 2028.
ยฅ562M
โบ
Summary
Sun Asterisk Inc. has decided to issue 12,300 stock acquisition rights (warrants) to directors, senior management, and subsidiary employees. The warrants have an issue price of 200 yen per warrant, with an exercise price of 455 yen per share, and are exercisable from April 1, 2029 to March 31, 2032. Exercise eligibility is conditional on the company achieving consolidated gross profit targets of 11.0-14.0 billion yen in the fiscal year ended December 2028.
ๅฝ็คพๅ็ท ๅฝน๏ผๆฅญๅๅท่กๅ็ท ๅฝนใไปฅไธๅใ๏ผๅใณไธ็ดๅฝน่ทๅกไธฆใณใซๅฝ็คพๅญไผ็คพใฎๅ็ท ๅฝนใซๅฏพใฆ็บ่กใใๆฐๆ ชไบ็ดๆจฉใฎๅ้ไบ้
ใๆฑบๅฎใใๅฝ่ฉฒๆฐๆ ชไบ็ดๆจฉใๅผใๅใใ่
ใฎๅ้ใใใใใจใซใคใๆฑบ่ญฐใใใใพใใ
โ