Future Corporation
Future Corporation provides IT consulting and services primarily in Japan. The company also offers business innovation services. It also offers its services in digital marketing, IT education, e-commerce, and other fields. The company was formerly known as Future Architect, Inc. and changed its name to Future Corporation in April 2016. Future Corporation was incorporated in 1989 and is headquarte… Read more
Future Corporation (FSX) - Net Assets
Latest net assets as of June 2025: €58.91 Billion EUR
Based on the latest financial reports, Future Corporation (FSX) has net assets worth €58.91 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€93.21 Billion) and total liabilities (€34.30 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €58.91 Billion |
| % of Total Assets | 63.2% |
| Annual Growth Rate | 14.58% |
| 5-Year Change | 45.15% |
| 10-Year Change | N/A |
| Growth Volatility | 10.98 |
Future Corporation - Net Assets Trend (2015–2024)
This chart illustrates how Future Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Future Corporation (2015–2024)
The table below shows the annual net assets of Future Corporation from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €55.49 Billion | +7.98% |
| 2023-12-31 | €51.39 Billion | +14.63% |
| 2022-12-31 | €44.83 Billion | +7.24% |
| 2021-12-31 | €41.80 Billion | +9.35% |
| 2020-12-31 | €38.23 Billion | +26.18% |
| 2019-12-31 | €30.30 Billion | +7.78% |
| 2018-12-31 | €28.11 Billion | +14.78% |
| 2017-12-31 | €24.49 Billion | +41.30% |
| 2016-12-31 | €17.33 Billion | +6.33% |
| 2015-12-31 | €16.30 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Future Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 250.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €48.23 Billion | 86.91% |
| Other Components | €7.26 Billion | 13.09% |
| Total Equity | €55.49 Billion | 100.00% |
Future Corporation Competitors by Market Cap
The table below lists competitors of Future Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Navigo Invest AB Pfd
ST:NAVIGO-PREF
|
$363.23 Million |
|
SPIN MASTER
F:SP9
|
$363.34 Million |
|
Channel Well Technology Co Ltd
TWO:3078
|
$363.34 Million |
|
Card Factory plc
PINK:CRFCF
|
$363.36 Million |
|
Harbin Dongan Auto Engine Co Ltd
SHG:600178
|
$363.00 Million |
|
Polisan Holding AS
IS:POLHO
|
$362.97 Million |
|
Beijing Hezong Science&Technology Co Ltd
SHE:300477
|
$362.89 Million |
|
Kid ASA
OL:KID
|
$362.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Future Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 51,386,000,000 to 55,489,000,000, a change of 4,103,000,000 (8.0%).
- Net income of 10,322,000,000 contributed positively to equity growth.
- Dividend payments of 3,632,000,000 reduced retained earnings.
- Other factors decreased equity by 2,587,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €10.32 Billion | +18.6% |
| Dividends Paid | €3.63 Billion | -6.55% |
| Other Changes | €-2.59 Billion | -4.66% |
| Total Change | €- | 7.98% |
Book Value vs Market Value Analysis
This analysis compares Future Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.01x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €536.87 | €8.90 | x |
| 2018-12-31 | €626.53 | €8.90 | x |
| 2019-12-31 | €677.50 | €8.90 | x |
| 2020-12-31 | €862.89 | €8.90 | x |
| 2021-12-31 | €472.42 | €8.90 | x |
| 2022-12-31 | €506.19 | €8.90 | x |
| 2023-12-31 | €580.08 | €8.90 | x |
| 2024-12-31 | €626.09 | €8.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Future Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.60%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.77%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.66x
- Recent ROE (18.60%) is above the historical average (15.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 16.49% | 7.53% | 1.55x | 1.42x | €1.05 Billion |
| 2016 | 12.76% | 6.56% | 1.46x | 1.33x | €478.04 Million |
| 2017 | 15.56% | 10.30% | 1.12x | 1.36x | €1.33 Billion |
| 2018 | 14.62% | 10.18% | 1.07x | 1.34x | €1.29 Billion |
| 2019 | 15.04% | 10.04% | 1.16x | 1.29x | €1.53 Billion |
| 2020 | 9.94% | 8.56% | 0.89x | 1.31x | €-22.52 Million |
| 2021 | 15.24% | 13.08% | 0.89x | 1.30x | €2.19 Billion |
| 2022 | 20.60% | 17.19% | 0.93x | 1.29x | €4.75 Billion |
| 2023 | 17.94% | 15.54% | 0.90x | 1.29x | €4.08 Billion |
| 2024 | 18.60% | 14.77% | 0.76x | 1.66x | €4.77 Billion |
Industry Comparison
This section compares Future Corporation's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $20,087,882,817
- Average return on equity (ROE) among peers: 11.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Future Corporation (FSX) | €58.91 Billion | 16.49% | 0.58x | $363.16 Million |
| Econocom Group SE (1E91) | $474.20 Million | 7.97% | 4.05x | $113.23 Million |
| 21Vianet Group Inc (217A) | $5.36 Billion | -3.82% | 1.08x | $2.62 Billion |
| Wavestone SA (2WSA) | $256.98 Million | 19.86% | 0.92x | $369.50 Million |
| audius SE (3ITN) | $23.21 Million | 14.81% | 0.58x | $121.03K |
| NANOSPHERE (3NS) | $-986.83K | 0.00% | 0.00x | $392.71K |
| TIS Inc (4HO) | $188.79 Billion | 5.44% | 0.83x | $3.65 Billion |
| Cybertrust Japan Co., Ltd. (5U2) | $5.63 Billion | 12.89% | 0.40x | $32.20 Million |
| Solidx AB (publ) (6OK) | $8.80 Million | 56.05% | 2.44x | $2.24 Million |
| SMART Global Holdings Inc (850) | $273.46 Million | 18.77% | 1.57x | $850.45 Million |
| 8AV0 (8AV0) | $67.88 Million | -17.08% | 0.39x | $19.89 Million |