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MARKETS / NASDAQ / PDC
NASDAQ · SERVICES-COMPUTER PROGRAMMING SERVICES · SMALL CAP

Perpetuals.com Ltd. PDC

5 fiscal years on record · JPY · FY2024 reported · SEC filings only
JPY 440.4M
▲ 145.5% YoY
JPY -256.7M
JPY -192.2M
In brief

What this company does

The company generates revenue through three lines of business: software and system development services, consulting and solution services, and the sale of non-fungible tokens. Through its software and system development services, the company serves companies that hold digital assets and intend to leverage them to create new businesses and systems. Through its consulting services, the company assists companies that seek to update their existing data and digital technology, add functions to their systems, and transform their businesses, operations, and processes. The company traces its inception to May 2018, when it began focusing on blockchain technology and developing systems around its proprietary GLS.

Written from the business description in Earlyworks Co., Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 27 August 2025. Every sentence was checked against that document before publication.

Growth
JPY 440.4M
Revenue, FY2024 · full 5-year series below
Revenue JPY M Net income JPY M
FY2024 · Revenue 440.4 · Net income -256.7
200.0M400.0M-250.0M-500.0M20202021202220232024
Compound annual growth
−1.7%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−58 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -55.8% · Net -58.3%
-500%20202021202220232024
ROE
FY2024 · ROE -126.8%
-50%-100%20202021202220232024
Gross margin51.6%
Operating margin-55.8%
Net margin-58.3%
Return on assets-67.0%
EBITDAJPY -243.8M

Each JPY of equity lost 127 cents this year.

Cash & shareholders
—
returned in FY2024 · dividends + net buybacks
Free cash flow JPY M
FY2024 · FCF -192.2
40M80M-200M-400M20202021202220232024
Dividends paid—
Net buybacks—
Share of profit—
Consecutive raises—

Total assetsJPY 190.5M
EquityJPY 74.0M
CashJPY 104.4M
Gross debtJPY 49.1M
Net debtJPY -55.3M
Current ratio1.74×

The company holds more cash than debt.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · JPY
row low → row highnegative
Metric 20242023202220212020
Revenue JPY B0.40.20.00.50.2
Operating income JPY B−0.2−0.4−0.4−0.6−0.1
EBITDA JPY B−0.2−0.4−0.4−0.6−0.1
Income tax JPY B·−0.0−0.00.0−0.0
Net income JPY B−0.3−0.3−0.4−0.6−0.1
Free cash flow JPY B−0.2−0.4−0.40.10.0
EPS, diluted JPY −17.03−22.77−27.62−43.62−5.26
Dividend / sh JPY ·····
Payout %·····
ROE %−126.8−124.7−95.7−131.8−21.8
Shares out B0.020.020.010.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Perpetuals.com Ltd.vsMicware Co. Ltd.Same industry: Services-Computer Programming Services
Provenance
Company facts, as filed
How we verify · 0 failures in 23 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 72 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Computer Programming Services
Listed onNASDAQ
Incorporated inoutside the United States — SEC code M0
Fiscal year endsApril 30
SEC categoryemerging growth company
Data on record since2020

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