Ray Corporation
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Ray Corporation's yearly results (2023–2026), compared with Communication Services companies in Japan. Tap ? on any ratio for what it means.
What stands out
- Tangible Net Worth Ratio: Of every ¥100 of net worth, ¥100 is tangible; the rest is goodwill and other intangibles, often from buying other companies. More tangible than 90% of Communication Services companies in Japan.
- Tangible Assets Ratio: Of every ¥100 the company owns, ¥100 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles. More tangible than 90% of Communication Services companies in Japan.
- Growth Efficiency Ratio: Sales grew 8% in 3 years; of every extra ¥100 of sales, ¥61 became extra profit. Higher than 88% of Communication Services companies in Japan.
Where ¥100 of sales goes
Latest year (Feb 2026). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
¥177Over the last 3 years, every ¥100 of reported profit came with ¥177 of operating cash.
Higher than 75% of Communication Services companies in Japan.
Self-Funding Ratio
1.8×Over the last 3 years its own operating cash covered its investment spending (capex) 1.8 times.
Lower than 55% of Communication Services companies in Japan.
Cash Locked Ratio
¥7For every ¥100 of sales, ¥7 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against ¥9 tied up three years earlier.
Less money tied up than 52% of Communication Services companies in Japan.
Growth quality
Steadiness Ratio
1/3 · 2/3Sales grew in 1 of the last 3 years; profit grew in 2 of 3.
Less steady than 70% of Communication Services companies in Japan.
Growth Efficiency Ratio
¥61Sales grew 8% in 3 years; of every extra ¥100 of sales, ¥61 became extra profit.
Higher than 88% of Communication Services companies in Japan.
Asset Productivity Ratio
+8% / +14%In 3 years sales changed by +8% while total assets changed by +14%. Assets grew faster than sales.
Balance-sheet strength
Debt Due Cover Ratio
5.9×Debt due within a year is covered 5.9 times by its yearly operating cash.
Higher than 82% of Communication Services companies in Japan.
Cash Cushion Ratio
+32%Cash, after subtracting all debt, equals 32% of its market value (net cash).
Higher than 65% of Communication Services companies in Japan.
Tangible Assets Ratio
100%Of every ¥100 the company owns, ¥100 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
More tangible than 90% of Communication Services companies in Japan.
Tangible Net Worth Ratio
100%Of every ¥100 of net worth, ¥100 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
More tangible than 90% of Communication Services companies in Japan.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
Ray Corporation owes ¥0.23 for every ¥1 it owns. Net profit rose 75% in the year to Feb 2026, and grew 22% a year on average over 3 years.
Compared with Communication Services companies in Japan · latest annual results Feb 2026.
P/E ratio
6.7Investors pay ¥6.7 for every ¥1 of Ray Corporation's yearly profit, lower than 94% of Communication Services companies in Japan.
P/B ratio
0.99The share price is 0.99 times Ray Corporation's book value per share, lower than 80% of Communication Services companies in Japan.
Market cap
¥7.9 BThe total market value of all of Ray Corporation's shares at today's price (share price × number of shares), smaller than 55% of Communication Services companies in Japan. PosiCap size class: Micro Cap.
Net worth (book value)
¥8.0 BWhat Ray Corporation would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (31 Aug 2026).
Book value per share
¥604.33Net worth divided by the number of shares. The share price of ¥599.00 is 1.0 times this, which is the P/B above.
Return on equity (ROE)
15.9%Ray Corporation earned 15.9% on its shareholders' money over the last year, higher than 70% of Communication Services companies in Japan.
Owes vs Owns
0.23×Ray Corporation owes ¥0.23 for every ¥1 it owns (low), lower than 77% of Communication Services companies in Japan.
Dividend yield
2.52%Ray Corporation pays 2.52% of its share price as dividends a year, lower than 54% of dividend-paying Communication Services companies in Japan.
Revenue growth
+28%Revenue rose 28% in the year to Feb 2026, and grew 3% a year on average over 3 years.
Profit growth
+75%Net profit rose 75% in the year to Feb 2026, and grew 22% a year on average over 3 years.
Profit margin
9.7%Ray Corporation keeps ¥10 of every ¥100 of revenue as net profit.
Cash quality
1.8×Cash from Ray Corporation's business was 1.8× its reported profit in the year to Feb 2026 — its profit turned into cash.
Interest cover
249.6×Ray Corporation's operating profit covered its interest costs 249.6 times in the year to Feb 2026.
Cash vs debt
Net cashRay Corporation held ¥2.5 B more cash than debt (net cash) at Feb 2026.
Questions
What is Ray Corporation's P/E ratio?
Investors pay ¥6.7 for every ¥1 of Ray Corporation's yearly profit, lower than 94% of Communication Services companies in Japan.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Ray Corporation: ¥7.9 B ÷ ¥8.0 B (31 Aug 2026) = 1.0.
What is Ray Corporation's return on equity?
Ray Corporation earned 15.9% on its shareholders' money over the last year, higher than 70% of Communication Services companies in Japan.
How much does Ray Corporation owe compared with what it owns?
Ray Corporation owes ¥0.23 for every ¥1 it owns (low), lower than 77% of Communication Services companies in Japan.
Does Ray Corporation pay a dividend?
Yes. Ray Corporation pays 2.52% of its share price as dividends a year, lower than 54% of dividend-paying Communication Services companies in Japan.
Is Ray Corporation's revenue growing?
Revenue rose 28% in the year to Feb 2026, and grew 3% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.