Dashboard
1
High Management Efficiency with a high ROE of 10.09%
2
Company has very low debt and has enough cash to service the debt requirements
3
Healthy long term growth as Net Sales has grown by an annual rate of 503.46% and Operating profit at 230.70%
4
Positive results in Apr 25
5
With ROE of 9.86%, it has a expensive valuation with a 2.12 Price to Book Value
6
Market Beating Performance
Stock DNA
Commercial Services & Supplies
JPY 7,574 Million (Micro Cap)
21.00
NA
0.00%
-0.91
8.62%
2.63
Revenue and Profits:
Net Sales:
1,907 Million
(Quarterly Results - Jan 2024)
Net Profit:
40 Million
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
32.99%
0%
32.99%
6 Months
43.66%
0%
43.66%
1 Year
40.5%
0%
40.5%
2 Years
-4.89%
0%
-4.89%
3 Years
-56.36%
0%
-56.36%
4 Years
-73.36%
0%
-73.36%
5 Years
0%
0%
0.0%
Circulation Co., Ltd. for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
503.46%
EBIT Growth (5y)
230.70%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.89
Sales to Capital Employed (avg)
2.92
Tax Ratio
29.41%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
175.55%
ROE (avg)
10.09%
Valuation key factors
Factor
Value
P/E Ratio
21
Industry P/E
Price to Book Value
2.12
EV to EBIT
8.66
EV to EBITDA
8.07
EV to Capital Employed
11.34
EV to Sales
0.43
PEG Ratio
1.14
Dividend Yield
NA
ROCE (Latest)
130.94%
ROE (Latest)
9.86%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bullish
RSI
Bearish
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Bullish
Bearish
Dow Theory
Mildly Bullish
No Trend
OBV
No Trend
No Trend
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Jan'24 - QoQ
Jan'24
Oct'23
Change(%)
Net Sales
1,906.60
1,877.30
1.56%
Operating Profit (PBDIT) excl Other Income
68.40
16.20
322.22%
Interest
0.00
0.00
Exceptional Items
2.50
-2.50
200.00%
Consolidate Net Profit
40.40
1.00
3,940.00%
Operating Profit Margin (Excl OI)
31.40%
4.20%
2.72%
USD in Million.
Net Sales
QoQ Growth in quarter ended Jan 2024 is 1.56% vs -5.86% in Oct 2023
Consolidated Net Profit
QoQ Growth in quarter ended Jan 2024 is 3,940.00% vs -98.79% in Oct 2023
Annual Results Snapshot (Consolidated) - Jul'23
Jul'23
Jul'22
Change(%)
Net Sales
8,146.10
7,104.30
14.66%
Operating Profit (PBDIT) excl Other Income
608.20
560.10
8.59%
Interest
0.10
1.40
-92.86%
Exceptional Items
2.20
0.00
Consolidate Net Profit
368.90
346.80
6.37%
Operating Profit Margin (Excl OI)
69.90%
74.60%
-0.47%
USD in Million.
Net Sales
YoY Growth in year ended Jul 2023 is 14.66% vs 29.01% in Jul 2022
Consolidated Net Profit
YoY Growth in year ended Jul 2023 is 6.37% vs 17.72% in Jul 2022
About Circulation Co., Ltd. 
Circulation Co., Ltd.
Commercial Services & Supplies
No Details Available.
Company Coordinates 
No Company Details Available






