Ray Corporation

4317 株式会社レイ

Entertainment · Standard

PRICE: ¥456 · MKT CAP: ¥6.0B · P/E: 4.6x · P/B: 0.77x · DIV YIELD: 4.4%

PRICE — 5Y

Characteristics & Business Summary

Ray Corporation engages in the video production business in Japan. The company provides video production such as TV commercials, event and promotion production, digital contents production, DVD and Blu-ray package production, and rental of video-editing...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Net Sales	7,045	11,052	12,450	11,222	10,457	13,419
Operating Profit	-708	730	1,399	1,153	927	1,757
Ordinary Profit	-497	837	1,401	1,312	1,050	1,909
Net Profit	-368	545	716	818	746	1,304
EPS	¥-26	¥38	¥50	¥58	¥56	¥99
DPS	¥5	¥10	¥15	¥15	¥15	¥20

Balance Sheet & Valuation Highlights

Total Assets ¥11B

Net Assets (Equity) ¥8B

Equity Ratio 71.3%

ROE (Return on Equity) 16.8%

Cash & Equivalents ¥3B

Interest-Bearing Debt ¥0B

Capital Expenditure (CapEx) ¥1B

Depreciation & Amort. ¥1B

Major Shareholders

1. ㈱テレビ朝日 21.8%
2. ㈲エス・ダブリュ・プロジェクト 16.1%
3. 分部日出男 8.3%
4. レイ従業員持株会 3.3%
5. 小沼滋紀 3.2%
6. 分部至郎 3.2%
7. Ueda Yagi Tanshi Co., Ltd. 2.1%
8. 天野純 1.7%
9. 石井良平 1.6%
10. Mizuho Bank, Ltd. 1.3%

Activist Activity

Hideo Wakebe 8.78%

2025-04-22 · correction

Hideo Wakebe 8.78%

2025-04-18 · change

Hideo Wakebe 9.8%

2024-01-25 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues per share	¥492	¥771	¥869	¥796	¥779	¥1,020
FCF/Share	¥53	¥66	¥39	¥27	¥63	¥73
EPS	¥-26	¥38	¥50	¥58	¥56	¥99
DPS	¥5	¥10	¥15	¥15	¥15	¥20
Capital Spending per share	¥7	¥6	¥12	¥47	¥63	¥105
Book Value per share	¥358	¥391	¥422	¥465	¥506	¥590
Common Shares Outstanding	14M	14M	14M	14M	13M	13M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues (Net Sales)	¥7B	¥11B	¥12B	¥11B	¥10B	¥13B
Operating Margin (%)	-10.0%	6.6%	11.2%	10.3%	8.9%	13.1%
Net Profit (owners)	¥-0B	¥1B	¥1B	¥1B	¥1B	¥1B
Net Profit Margin (%)	-5.2%	4.9%	5.7%	7.3%	7.1%	9.7%
Working Capital	¥2B	¥3B	¥3B	¥3B	¥3B	¥3B
Total Debt (Interest-bearing)	¥2B	¥2B	¥1B	¥1B	¥1B	¥0B
Net Worth (Common Equity)	¥5B	¥6B	¥6B	¥7B	¥7B	¥8B
Return on Total Assets (ROA)	-4.3%	5.6%	7.5%	8.7%	8.2%	12.0%
Return on Common Equity (ROE)	-7.2%	9.7%	11.8%	12.5%	11.0%	16.8%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.