9564
FCE Inc.
株式会社FCE
Industrials · Conglomerates
FCE Inc., through its subsidiaries, engages in the digital transformation promotion business, education and training business, and other businesses in Japan. The company operates through DX Promotion, Education and Training, and Others segments. It offers IT tools, consulting, and support to promote corporate DX for robotic process automation; and programs and services to schools and cram schools. The company also provides human resource development consulting and training; and e-learning tools services for education and HR fields. In addition, it publishes books and offers reading community management, and self-coaching programs. FCE Inc., was incorporated in 2017 and is based in Shinjuku, 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 ↗
Net Sales
¥6.1B
¥5.0B
¥4.2B
¥3.8B
Cost of Sales
¥2.0B
¥1.6B
¥1.3B
¥1.2B
Gross Profit
¥4.1B
¥3.5B
¥2.9B
¥2.5B
SG&A
¥3.2B
¥2.7B
¥2.3B
¥2.1B
Operating Income
¥912M
¥722M
¥582M
¥454M
Non-Operating Income
¥40M
¥15M
¥14M
¥9M
Dividend Income
¥30M
¥9M
¥5M
¥1M
Interest Income
¥4M
¥0M
¥0M
¥0M
Non-Operating Expenses
¥27M
¥30M
¥21M
¥8M
Interest Expense
¥3M
¥3M
¥1M
¥1M
Ordinary Income
¥925M
¥707M
¥576M
¥455M
Pre-tax Income
¥910M
¥708M
¥505M
¥455M
Income Taxes
¥247M
¥205M
¥186M
¥156M
Current Tax
¥268M
¥230M
¥222M
¥171M
Deferred Tax
¥-21M
¥-25M
¥-36M
¥-16M
Net Income (owners)
¥663M
¥502M
¥319M
¥299M
Comprehensive Income
¥547M
¥504M
¥322M
¥322M
EBITDA
¥1.0B
¥788M
¥624M
¥501M
Goodwill Amort. (J-GAAP)
¥17M
¥14M
¥1M
—
EPS
¥30.17
¥52.82
¥104.60
¥108.66
Shares Outstanding
22.0M
10.9M
3.1M
2.7M
Shares Issued (total)
22.0M
10.9M
3.1M
3.0M
Treasury Shares
0.0M
0.0M
—
0.3M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Total Assets
¥5.7B
¥5.1B
¥3.3B
¥2.2B
Current Assets
¥3.9B
¥3.8B
¥2.9B
¥1.9B
Cash & Deposits
¥3.2B
¥2.6B
¥2.2B
¥1.4B
Trade Receivables
¥364M
¥332M
¥298M
¥240M
Inventories
¥36M
¥37M
¥43M
¥35M
Non-Current Assets
¥1.8B
¥1.3B
¥416M
¥311M
PP&E
¥114M
¥122M
¥88M
¥78M
Goodwill
¥75M
¥92M
—
—
Intangible Assets
¥212M
¥212M
¥64M
¥37M
Investment Securities
¥1.1B
¥627M
¥21M
—
Deferred Tax Assets
¥239M
¥164M
¥140M
¥92M
Total Liabilities
¥1.9B
¥1.7B
¥1.6B
¥1.4B
Current Liabilities
¥1.6B
¥1.4B
¥1.2B
¥1.0B
ST Debt
¥49M
¥34M
¥32M
¥26M
Taxes Payable
¥202M
¥29M
¥155M
¥111M
Non-Current Liabilities
¥285M
¥337M
¥358M
¥389M
Total LT Borrowings
¥218M
¥267M
¥301M
¥332M
Pension Obligations
¥18M
¥17M
—
—
Total Equity
¥3.8B
¥3.4B
¥1.7B
¥803M
Capital Stock
¥768M
¥762M
¥181M
¥127M
Capital Surplus
¥705M
¥700M
¥118M
¥26M
Retained Earnings
¥2.4B
¥1.9B
¥1.4B
¥1.1B
Treasury Stock
¥-0M
¥-0M
—
¥-434M
AOCI
¥-99M
¥17M
¥15M
¥12M
Equity (owners)
¥3.9B
¥3.4B
¥1.7B
¥790M
Total Interest-Bearing Debt ⓘ
¥267M
¥301M
¥334M
¥358M
Net Cash ⓘ
¥2.9B
¥2.3B
¥1.9B
¥1.0B
NCAV ⓘ
¥2.0B
¥2.1B
¥1.3B
¥492M
NCAV/Share
¥91
¥194
¥413
¥184
BV/Share
¥177
¥307
¥542
¥296
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Operating CF
¥1.0B
¥529M
¥502M
¥181M
Interest Paid
¥-3M
¥-3M
¥-1M
¥-1M
Interest Received
¥25M
¥0M
¥1M
¥0M
D&A
¥78M
¥52M
¥41M
¥47M
Goodwill Amort.
¥17M
¥14M
¥1M
—
Investing CF
¥-789M
¥-795M
¥-178M
¥3M
CapEx
¥10M
¥41M
¥21M
¥26M
Purchase Investments
¥-725M
¥-541M
¥-100M
—
Proceeds from Invest.
—
¥1M
¥8M
—
Financing CF
¥-153M
¥1.1B
¥536M
¥-478M
Dividends Paid
¥-130M
—
—
—
Share Buybacks
—
—
—
¥-434M
LT Debt Repaid
¥-34M
¥-32M
¥-25M
¥-40M
Free Cash Flow
¥1.0B
¥488M
¥480M
¥155M
Net Change in Cash
¥78M
¥850M
¥859M
¥-295M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
ROE
18.5%
19.8%
25.5%
34.9%
ROA
12.3%
12.0%
11.5%
13.4%
EPS
¥30.17
¥52.82
¥104.60
¥108.66
DPS
¥7.50
¥12.00
—
—
BPS
¥172.39
¥308.53
¥546.43
¥299.96
FCF/Share
¥46
¥45
¥154
¥58
NCAV/Share
¥91
¥194
¥413
¥184
Payout Ratio
24.9%
22.7%
—
—
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 16
Date Activist Stake Event Flag Demands Source
2026-05-15
Sumi Takahiko
7.36%
+1.34%
change
Passive
—
2026-04-06
Sumi Takahiko
6.02%
+1.01%
change
Passive
—
2026-04-03
Sumi Takahiko
5.01%
-0.02%
correction
Passive
—
2026-03-12
Sumi Takahiko
5.03%
initial_5pct
Passive
—
2025-04-03
Ducare Inc.
34.39%
change
Passive
—
2024-09-09
Link and Motivation Inc.
21.31%
+10.03%
change
Passive
—
2024-09-06
KIYOHIKO SATO
3.81%
-0.07%
change
Passive
—
2024-08-27
Link and Motivation Inc.
11.28%
correction
Passive
—
2024-08-26
Link and Motivation Inc.
11.28%
initial_5pct
Passive
—
2024-08-21
KIYOHIKO SATO
3.88%
change
Passive
—
2024-08-21
KIYOHIKO SATO
3.88%
correction
Passive
—
2024-04-02
TAKASHI KONDO
4.6%
change
Passive
—
2023-09-04
Kashio SUZUKI
4.37%
-1.01%
change
Passive
—
2023-08-14
SATO KIYOHIKO
5.16%
change
Passive
—
2023-07-31
Kashio SUZUKI
5.38%
correction
Passive
—
2023-07-26
Kashio SUZUKI
5.38%
change
Passive
—
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
株式会社デュケレ
7,515,000
34.11%
2
Link and Motivation Inc.
株式会社リンクアンドモチベーション
4,523,000
20.53%
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
1,036,100
4.70%
4
佐藤 陽彦
610,000
2.77%
5
野村信託銀行株式会社(投資口)
372,000
1.69%
6
株式会社マルチメディアネットワーク
333,600
1.51%
7
株式会社PKSHA Tecnology
249,600
1.13%
8
小林 裕
204,000
0.93%
9
升本 甲一
190,000
0.86%
10
尾上 幸裕
172,800
0.78%
Domestic Nominees
4.7%
+1.4% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
64.3%
-1.9% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
式会社デュケレ
38.48%
32.95%
34.11%
+1.16%
Link and Motivation Inc.
式会社リンクアンドモチベーション
—
20.70%
20.53%
-0.17%
Japan Master Trust Bank
日本マスタートラスト信託銀行
—
3.32%
4.70%
+1.38%
佐藤 陽彦
4.90%
3.70%
2.77%
-0.93%
野村信託銀行株式会社(投資口)
NEW ENTRY
—
—
—
1.69%
NEW
式会社マルチメディアネットワーク
—
1.53%
1.51%
-0.02%
式会社PKSHA Tecnology
NEW ENTRY
—
—
—
1.13%
NEW
小林 裕
NEW ENTRY
1.85%
—
0.93%
NEW
升本 甲一
NEW ENTRY
—
—
—
0.86%
NEW
尾上 幸裕
NEW ENTRY
—
—
—
0.78%
NEW
Morgan Stanley
last seen 2024
Exited Top 10
—
1.59%
—
セントラル短資
last seen 2024
Exited Top 10
—
1.51%
—
石川 淳悦
last seen 2024
Exited Top 10
1.69%
1.45%
—
清板 大亮
last seen 2024
Exited Top 10
—
1.39%
—
加藤 寛和
last seen 2024
Exited Top 10
—
1.38%
—
楽天証券
last seen 2023
Exited Top 10
1.94%
—
—
日本カストディ銀行
last seen 2023
Exited Top 10
1.65%
—
—
イノベーション・エンジン産業創出投資事業有限責任組合
last seen 2023
Exited Top 10
2.45%
—
—
鈴木 甲子雄
last seen 2023
Exited Top 10
3.80%
—
—
近藤 隆
last seen 2023
Exited Top 10
2.89%
—
—
式会社SBI証券
last seen 2023
Exited Top 10
2.34%
—
—
Concentration (HHI)
ⓘ
1552
1552
1623
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved