NASDAQ : THH
TryHard Holdings Limited — Financial statements
Industrials · Specialty Business Services · Japan
Last price 1.425 USD (Oct 30, 2026, 1:35 PM EDT) · Market cap 7.42M
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Financial statements
TryHard Holdings Limited (THH) reported revenue of 3.55B JPY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in JPY.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 3.55B | 3.54B | 3.46B | 3.01B |
| Cost of Revenue | 3.14B | 2.87B | 2.71B | 2.46B |
| Gross Profit | 412.34M | 670.05M | 752.83M | 555.05M |
| Selling, General & Admin | 1.08B | 744.10M | 604.60M | 491.83M |
| Other Operating Expenses | -98.52M | 15.60M | -4.21M | -2.38M |
| Operating Expenses | 978.58M | 759.70M | 600.39M | 489.45M |
| Operating Income | -566.24M | -89.66M | 152.44M | 65.59M |
| Interest Expense | -22.39M | -21.96M | -21.46M | -21.00M |
| Interest & Investment Income | 180.00K | 180.00K | ||
| Earnings From Equity Investments | 21.89M | 13.96M | -1.06M | |
| Currency Exchange Gain (Loss) | -555.00K | -2.68M | ||
| Other Non Operating Income (Expenses) | -3.00K | -3.00K | -143.00K | -140.00K |
| EBT Excluding Unusual Items | -566.56M | -97.48M | 129.22M | 41.77M |
| Gain (Loss) on Sale of Assets | -33.95M | -33.95M | 92.76M | -13.28M |
| Asset Writedown | 170.41M | 170.41M | 8.21M | 12.36M |
| Other Unusual Items | 10.24M | 10.24M | 1.41M | 10.37M |
| Pretax Income | -34.20M | 49.23M | 231.60M | 51.22M |
| Income Tax Expense | 4.32M | 34.11M | 94.19M | 18.27M |
| Net Income | -38.52M | 15.11M | 137.41M | 32.95M |
| Net Income to Common | -38.52M | 15.11M | 137.41M | 32.95M |
| Shares Outstanding (Basic) | 5.12M | 5.08M | 5.08M | 5.08M |
| Shares Outstanding (Diluted) | 5.12M | 5.08M | 5.08M | 5.08M |
| EPS (Basic) | -7.53 | 2.98 | 27.08 | 6.49 |
| EPS (Diluted) | -7.53 | 2.98 | 27.08 | 6.49 |
| Free Cash Flow | -243.56M | 44.43M | 220.54M | |
| Free Cash Flow Per Share | -47.99 | 8.75 | 43.46 | |
| Gross Margin | 11.62% | 18.93% | 21.75% | 18.43% |
| Operating Margin | -15.96% | -2.53% | 4.40% | 2.18% |
| Profit Margin | -1.09% | 0.43% | 3.97% | 1.09% |
| Free Cash Flow Margin | -6.88% | 1.28% | 7.32% | |
| EBITDA | -494.97M | -19.90M | 219.05M | 121.77M |
| EBITDA Margin | -13.95% | -0.56% | 6.33% | 4.04% |
| D&A For EBITDA | 71.27M | 69.75M | 66.61M | 56.18M |
| EBIT | -566.24M | -89.66M | 152.44M | 65.59M |
| EBIT Margin | -15.96% | -2.53% | 4.40% | 2.18% |
| Effective Tax Rate | 69.30% | 40.67% | 35.66% | |
| Revenue as Reported | 3.55B | 3.54B | 3.46B | 3.01B |
Balance sheet
Fiscal year July - June; amounts in JPY.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 121.34M | 13.35M | 94.05M | 69.47M |
| Short-Term Investments | 6.17M | 15.48M | 14.41M | |
| Cash & Short-Term Investments | 121.34M | 19.52M | 109.53M | 83.87M |
| Accounts Receivable | 1.37B | 1.19B | 762.30M | 548.23M |
| Other Receivables | 13.01M | |||
| Receivables | 1.37B | 1.19B | 762.30M | 561.24M |
| Inventory | 13.54M | 15.26M | 289.00K | 299.00K |
| Prepaid Expenses | 25.10M | 23.80M | 6.29M | |
| Other Current Assets | 41.88M | 6.00M | 5.38M | 35.20M |
| Total Current Assets | 1.55B | 1.25B | 901.30M | 686.90M |
| Property, Plant & Equipment | 1.70B | 1.86B | 2.20B | 2.33B |
| Long-Term Investments | 16.65M | 16.90M | 2.94M | |
| Long-Term Accounts Receivable | 59.21M | 111.51M | 153.31M | 114.48M |
| Long-Term Deferred Tax Assets | 66.41M | 66.41M | 25.01M | 21.82M |
| Long-Term Deferred Charges | 207.47M | |||
| Other Long-Term Assets | 192.66M | 162.81M | 123.30M | 109.06M |
| Total Assets | 3.58B | 3.67B | 3.41B | 3.26B |
| Accounts Payable | 192.86M | 271.08M | 197.42M | 235.34M |
| Accrued Expenses | 242.31M | 194.36M | 130.23M | |
| Current Portion of Long-Term Debt | 125.81M | 116.15M | 146.08M | 111.50M |
| Current Portion of Leases | 346.88M | 379.96M | 242.21M | 245.52M |
| Current Income Taxes Payable | 144.64M | 168.29M | 105.67M | 42.26M |
| Current Unearned Revenue | 2.63M | 348.00K | 253.00K | 50.42M |
| Other Current Liabilities | 174.57M | 89.51M | 97.06M | 100.85M |
| Total Current Liabilities | 987.39M | 1.27B | 983.05M | 916.12M |
| Long-Term Debt | 734.90M | 766.69M | 763.90M | 777.94M |
| Long-Term Leases | 597.24M | 751.14M | 1.17B | 1.25B |
| Other Long-Term Liabilities | 102.84M | 107.28M | 99.14M | 91.88M |
| Total Liabilities | 2.42B | 2.89B | 3.02B | 3.04B |
| Common Stock | 161.00K | 157.00K | 157.00K | 157.00K |
| Retained Earnings | 264.78M | 321.93M | 306.81M | 169.40M |
| Comprehensive Income & Other | 892.57M | 459.20M | 79.84M | 49.84M |
| Total Common Equity | 1.16B | 781.28M | 386.81M | 219.40M |
| Shareholders' Equity | 1.16B | 781.29M | 386.81M | 219.40M |
| Total Liabilities & Equity | 3.58B | 3.67B | 3.41B | 3.26B |
| Total Debt | 1.80B | 2.01B | 2.33B | 2.39B |
| Net Cash (Debt) | -1.68B | -1.99B | -2.22B | -2.30B |
| Net Cash Per Share | -328.88 | -392.99 | -436.64 | -453.99 |
| Filing Date Shares Outstanding | 5.20M | 5.00M | 4.88M | 5.08M |
| Total Common Shares Outstanding | 5.20M | 4.88M | 4.88M | 5.08M |
| Working Capital | 562.39M | -14.94M | -81.75M | -229.21M |
| Book Value Per Share | 222.40 | 160.26 | 79.35 | 43.23 |
| Tangible Book Value | 1.16B | 781.28M | 386.81M | 219.40M |
| Tangible Book Value Per Share | 222.40 | 160.26 | 79.35 | 43.23 |
| Land | 440.39M | 440.39M | 440.39M | |
| Buildings | 191.08M | 191.08M | 191.08M | |
| Machinery | 301.99M | 277.29M | 236.51M | |
| Leasehold Improvements | 391.50M | 412.39M | 358.61M |
Cash flow statement
Fiscal year July - June; amounts in JPY.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | 15.11M | 137.41M | 32.95M | |
| Depreciation & Amortization | 225.38M | 259.30M | 227.91M | |
| Loss (Gain) From Sale of Assets | 33.95M | -92.76M | 13.28M | |
| Asset Writedown & Restructuring Costs | -170.41M | -8.21M | -12.36M | |
| Loss (Gain) on Equity Investments | -13.96M | 1.06M | ||
| Provision & Write-off of Bad Debts | 26.71M | -878.00K | -22.73M | |
| Other Operating Activities | 22.56M | 69.62M | -1.20M | |
| Change in Accounts Receivable | -396.42M | -187.36M | 116.79M | |
| Change in Inventory | -14.97M | 10.00K | -117.00K | |
| Change in Accounts Payable | 138.11M | 24.40M | -25.46M | |
| Change in Unearned Revenue | 95.00K | -50.16M | 49.60M | |
| Change in Income Taxes | -11.58M | -9.50M | -1.60M | |
| Change in Other Net Operating Assets | -52.05M | -9.00K | -63.74M | |
| Operating Cash Flow | -197.48M | 142.91M | 313.34M | |
| Capital Expenditures | -46.08M | -98.49M | -92.80M | |
| Divestitures | 100.00M | |||
| Other Investing Activities | -1.80M | |||
| Investing Cash Flow | 301.46M | 114.88M | -15.92M | |
| Long-Term Debt Issued | 386.00M | 191.42M | 62.00M | |
| Long-Term Debt Repaid | -742.57M | -454.62M | -342.92M | |
| Lease Payments | -324.65M | -279.85M | -219.73M | |
| Net Debt Issued (Repaid) | -356.57M | -263.20M | -280.92M | |
| Issuance of Common Stock | 379.36M | 30.00M | ||
| Other Financing Activities | -207.47M | |||
| Financing Cash Flow | -184.68M | -233.20M | -280.92M | |
| Net Cash Flow | -80.71M | 24.59M | 16.50M | |
| Free Cash Flow | -243.56M | 44.43M | 220.54M | |
| Free Cash Flow Margin | -6.88% | 1.28% | 7.32% | |
| Free Cash Flow Per Share | -47.99 | 8.75 | 43.46 | |
| Levered Free Cash Flow | -155.10M | 89.59M | ||
| Unlevered Free Cash Flow | -141.38M | 103.00M | ||
| Free Cash Flow After Leases | -568.21M | -235.43M | 806.00K | |
| Cash Interest Paid | 21.96M | 21.61M | 21.14M | |
| Cash Income Tax Paid | 1.32M | 24.47M | 19.46M | |
| Change in Working Capital | -336.81M | -222.62M | 75.48M |
Ratios
Fiscal year July - June; amounts in JPY.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Debt / Equity Ratio | 1.56 | 2.58 | 6.01 | 10.88 |
| Debt / EBITDA Ratio | 14.84 | 5.65 | 8.14 | |
| Debt / FCF Ratio | 52.35 | 10.83 | ||
| Net Debt / Equity Ratio | 1.45 | 2.55 | 5.73 | 10.50 |
| Net Debt / EBITDA Ratio | -3.40 | -100.21 | 10.12 | 18.92 |
| Net Debt / FCF Ratio | -8.19 | 49.88 | 10.45 | |
| Asset Turnover | 1.14 | 1.00 | 1.04 | |
| Inventory Turnover | 238.42 | 369.13 | 9,212.25 | |
| Quick Ratio | 1.51 | 0.95 | 0.89 | 0.70 |
| Current Ratio | 1.57 | 0.99 | 0.92 | 0.75 |
| Return on Equity (ROE) | -5.00% | 2.59% | 45.33% | |
| Return on Assets (ROA) | -11.39% | -1.58% | 2.86% | |
| Return on Invested Capital (ROIC) | -19.93% | -1.02% | 3.53% | 1.67% |
| Return on Capital Employed (ROCE) | -21.80% | -3.70% | 6.30% | 2.80% |