SMN Corporation

TSE:6185 Stock Report

Market Cap: JP¥5.9b

SMN Past Earnings Performance

Past criteria checks 5/6

SMN has been growing earnings at an average annual rate of 18.3%, while the IT industry saw earnings growing at 12.7% annually. Revenues have been declining at an average rate of 2.9% per year. SMN's return on equity is 9.8%, and it has net margins of 3.5%.

Key information

18.31%

Earnings growth rate

19.08%

EPS growth rate

IT Industry Growth14.26%
Revenue growth rate-2.92%
Return on equity9.84%
Net Margin3.51%
Last Earnings Update31 Mar 2026

Recent past performance updates

Analysis Article • May 07

SMN's (TSE:6185) Strong Earnings Are Of Good Quality

The subdued stock price reaction suggests that SMN Corporation's ( TSE:6185 ) strong earnings didn't offer any...

Recent updates

Analysis Article • May 07

SMN's (TSE:6185) Strong Earnings Are Of Good Quality

The subdued stock price reaction suggests that SMN Corporation's ( TSE:6185 ) strong earnings didn't offer any...
Analysis Article • May 07

SMN's (TSE:6185) Strong Earnings Are Of Good Quality

Despite announcing strong earnings, SMN Corporation's ( TSE:6185 ) stock was sluggish. We did some digging and found...
Analysis Article • Jan 22

SMN (TSE:6185) Has A Rock Solid Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Nov 21

SMN Corporation (TSE:6185) Surges 34% Yet Its Low P/S Is No Reason For Excitement

SMN Corporation ( TSE:6185 ) shares have had a really impressive month, gaining 34% after a shaky period beforehand...
Analysis Article • May 01

SMN (TSE:6185) Has Debt But No Earnings; Should You Worry?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Feb 27

SMN Corporation's (TSE:6185) Price Is Right But Growth Is Lacking After Shares Rocket 32%

SMN Corporation ( TSE:6185 ) shareholders have had their patience rewarded with a 32% share price jump in the last...

Revenue & Expenses Breakdown

How SMN makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSE:6185 Revenue, expenses and earnings (JPY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2612,3484341,9160
31 Dec 2512,1264711,8690
30 Sep 2511,7304691,8680
30 Jun 2511,4813661,9870
31 Mar 2511,6402912,1370
31 Dec 2411,008-8212,2780
30 Sep 2410,783-8012,4480
30 Jun 2410,150-9312,4680
31 Mar 249,336-1,0282,4930
31 Dec 239,405-722,4750
30 Sep 239,569-2622,4740
30 Jun 2310,370-1912,4850
31 Mar 2311,442-1172,5880
31 Dec 2212,567-3002,6910
30 Sep 2213,163-2102,8000
30 Jun 2213,381-2332,9400
31 Mar 2213,363-2283,0050
31 Dec 2113,003-1572,9600
30 Sep 2112,841-1752,8450
30 Jun 2112,578-1062,7060
31 Mar 2112,115-382,5140
31 Dec 2012,0981792,4950
30 Sep 2011,8582992,4140
30 Jun 2011,8014042,2640
31 Mar 2011,6074832,0920
31 Dec 1910,8835891,8740
30 Sep 1910,4775861,7220
30 Jun 1910,3015861,6210
31 Mar 1910,2165761,5560
31 Dec 189,8626671,5010
30 Sep 189,6406861,4430
30 Jun 189,3776571,4240
31 Mar 189,0216371,4110
31 Dec 178,6193531,3830
30 Sep 178,1373001,2960
30 Jun 177,4932891,1820
31 Mar 176,9612501,0770

Quality Earnings: 6185 has high quality earnings.

Growing Profit Margin: 6185's current net profit margins (3.5%) are higher than last year (2.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 6185 has become profitable over the past 5 years, growing earnings by 18.3% per year.

Accelerating Growth: 6185's earnings growth over the past year (49.1%) exceeds its 5-year average (18.3% per year).

Earnings vs Industry: 6185 earnings growth over the past year (49.1%) exceeded the IT industry 16.4%.

Return on Equity

High ROE: 6185's Return on Equity (9.8%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/09 08:40
End of Day Share Price 2026/05/08 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SMN Corporation is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Taro IshiharaDaiwa Securities Co. Ltd.