# Aidma Holdings, Inc.: business model and financials

> Latest period: FY ending Aug 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第17期(2024/09/01－2025/08/31) (S100X7DA)
> Page: https://vizora.meequs.com/en/company/aidma-holdings
> Retrieved: 2026-09-30T23:27:06.466Z

## Company

Aidma Holdings, founded in 2008, is a company in HR & Staffing listed on TSE Growth. It has 429 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Aidma Holdings, Inc. |
| Ticker | 7373 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7373.T) |
| Listing | TSE Growth |
| Head office | 東京都品川区上大崎二丁目13番30号 |
| Representative (per filing) | 代表取締役社長 三浦 陽平 |
| Founded | Dec 2008 |
| Share capital | ¥1.08B |
| Employees (consolidated) | 429 |
| Average salary (parent only) | ¥6M |
| Fiscal year end | August |
| Website | www.aidma-hd.jp (https://www.aidma-hd.jp/) |
| Corporate number | 6013301031269 |
| EDINET | E36648 |
| Industries (Vizora) | HR & Staffing |

> Profile source: annual securities report (S100X7DA, filed 2025-11-28). As of filing

## Five-axis industry profile

Primary industry: HR & Staffing (2025-08-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 96.3 | 68 |
| Profitability | 91.5 | 88 |
| Cash conversion | 31.9 | 80 |
| Efficiency | 44.9 | 88 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- Aidma Holdings brought in ¥13.3B in revenue.
- Out of every ¥100 of sales, about ¥23 is left as operating profit.
- Revenue changed +25.0% from the prior year, operating profit +25.7%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥13269538000 → ¥1961369000
- Net income → operating cash flow: ¥1961369000 → ¥2479692000（difference ¥518323000）
- Main uses of operating cash flow: CapEx ¥27045000 / dividends ¥458331000 / buybacks ¥1025247000
- Change in cash: ¥-186892000
Segment shares use total reported segment revenue, which may include inter-segment sales. The cash bridge is operating cash flow minus net income and combines non-cash items and working-capital effects.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥13.3B |  |
| Operating income | ¥3.1B | Margin 23.4% |
| Net income | ¥1.95B | Margin 14.7% |
| Free cash flow | ¥2.45B |  |
| Employees (consolidated) | 429 |  |
| EPS | ¥135.33 |  |
| Diluted EPS | ¥131.72 |  |
| Book value per share | ¥503.33 |  |
| Equity ratio | 66.0% |  |
| Shares outstanding | 15,313,240 |  |
| Treasury shares | 450,200 |  |
| Shareholders | 3,428 |  |
| Average salary (parent only) | ¥6M | Filing company only |
| Cash ratio | 49.1% | Cash ÷ revenue 40.3% |
| Vs. industry median margin | +14.8 pp | HR & Staffing |
| ROE | 28.2% | Derived from disclosed figures |
| ROA | 18.6% | Derived from disclosed figures |

## Notable figures

- FY2025, buybacks were 2.2× dividends
- FY2025, revenue is 3.6× its level five years ago
- FY2025, cash is 49% of total assets

## What changed in 5 years

| Metric | FY ending Aug 2020 | FY ending Aug 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥1829843000 | ¥13269538000 | +625.2% |
| Operating income | ¥210046000 | ¥3102587000 | +1377.1% |
| Operating margin | 11.5% | 23.4% | +11.9 pp |
| Employees | 104 people | 429 people | +312.5% |
| Cash and equivalents | ¥1116321000 | ¥5349442000 | +379.2% |

### Change in segment revenue mix

Span: FY ending Aug 2020 → FY ending Aug 2025. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

## Income statement（FY ending Aug 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 13,270 | 100.0% | S100X7DA |
| Cost of revenue | 4,000 | 30.1% | S100X7DA |
| Gross profit | 9,270 | 69.9% | S100X7DA |
| SG&A | 6,167 | 46.5% | S100X7DA |
| Operating income | 3,103 | 23.4% | S100X7DA |
| Ordinary income | 3,193 | 24.1% | S100X7DA |
| Pretax income | 3,000 | 22.6% | S100X7DA |
| Income tax | 1,038 | 7.8% | S100X7DA |
| Net income | 1,961 | 14.8% | S100X7DA |
| Net income attributable to owners | 1,955 | 14.7% | S100X7DA |

## Per ¥100 of revenue（FY ending Aug 2025）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 30 |
| SG&A | 47 |
| Operating income | 23 |
| (Ref.) Net income | 15 |

### Margin funnel

Gross margin 69.9% → Operating margin 23.4% → Net margin 14.7%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +25.0%; Core profit growth: +25.7%
Growth quality: similar-growth
Operating leverage (core profit growth ÷ revenue growth): 1.03×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Aug 2024 → FY ending Aug 2025、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 10,618 | 13,270 | 2,651 | +25.0% |
| Gross profit | 7,601 | 9,270 | 1,669 | +22.0% |
| Operating income | 2,468 | 3,103 | 634 | +25.7% |
| Net income attributable to owners | 1,426 | 1,955 | 529 | +37.1% |
| Operating cash flow | 1,195 | 2,480 | 1,285 | +107.5% |
| Free cash flow | 1,100 | 2,453 | 1,353 | +123.0% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Aug 2020 | 1,830 | 210 | 11.5% | 164 | 357 | 336 | S100MYMI |
| FY ending Aug 2021 | 3,716 | 830 | 22.3% | 480 | 1,378 | 1,272 | S100PQ0U |
| FY ending Aug 2022 | 6,194 | 1,640 | 26.5% | 1,038 | 1,743 | 1,736 | S100SDPT |
| FY ending Aug 2023 | 9,058 | 2,209 | 24.4% | 1,270 | 2,182 | 2,057 | S100UVDO |
| FY ending Aug 2024 | 10,618 | 2,468 | 23.2% | 1,426 | 1,195 | 1,100 | S100X7DA |
| FY ending Aug 2025 | 13,270 | 3,103 | 23.4% | 1,955 | 2,480 | 2,453 | S100X7DA |

## People and productivity（FY ending Aug 2025, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥30.9M |
| Operating income per employee (consolidated) | ¥7.2M |
| Net income per employee (consolidated) | ¥4.6M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 147 | 215 | 292 | 321 | 429 |
| Average salary (parent company) | ¥5.6M | ¥6M | ¥5.8M | ¥5.8M | ¥6M |
| Average age (parent company) | 29.1 years | 29.8 years | 30.2 years | 30.4 years | 30.1 years |
| Average tenure (parent company) | 1.8 years | 1.8 years | 1.8 years | 2.0 years | 2.0 years |

Year over year: Employees (consolidated) +33.6% · Revenue (consolidated) +25.0%

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Aug 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 2,480 | 18.7% | S100X7DA |
| Capital expenditure | 27 | 0.2% | S100X7DA |
| Free cash flow | 2,453 | 18.5% | 算出 |
| Investing cash flow | -799 | -6.0% | S100X7DA |
| Financing cash flow | -1,867 | -14.1% | S100X7DA |
| Dividends paid | 458 | 3.5% | S100X7DA |
| Share buyback | 1,025 | 7.7% | S100X7DA |
| Change in cash | -187 | -1.4% | S100X7DA |
| Cash and equivalents | 5,349 | 40.3% | S100X7DA |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 4,370 | 4,310 | 5,646 | 5,536 | 5,349 | S100SDPT, S100UVDO, S100X7DA |
| Total assets | 5,310 | 6,520 | 9,072 | 10,084 | 10,901 | S100PQ0U, S100SDPT, S100UVDO, S100X7DA |
| Net assets | 3,042 | 4,016 | 5,299 | 6,732 | 7,209 | S100SDPT, S100UVDO, S100X7DA |
| Share capital | 1,075 | 1,075 | 1,075 | 1,075 | 1,076 | S100PQ0U, S100SDPT, S100UVDO, S100X7DA |
| Property, plant and equipment | 81 | 73 | 173 | 156 | 158 | S100PQ0U, S100SDPT, S100UVDO, S100X7DA |
| Intangible assets excluding goodwill | 70 | 578 | 1,201 | 973 | 1,330 | S100PQ0U, S100SDPT, S100UVDO, S100X7DA |
| Goodwill | — | 387 | 1,002 | 793 | 1,203 | S100SDPT, S100UVDO, S100X7DA |
| Investment securities | 10 | 901 | 779 | 1,069 | 921 | S100PQ0U, S100SDPT, S100UVDO, S100X7DA |
| Current assets | 4,711 | 4,574 | 6,189 | 7,255 | 7,798 | S100PQ0U, S100SDPT, S100UVDO, S100X7DA |
| Current liabilities | 2,265 | 2,488 | 3,522 | 3,283 | 3,582 | S100PQ0U, S100SDPT, S100UVDO, S100X7DA |
| Short-term borrowings | 450 | 350 | 350 | 350 | — | S100PQ0U, S100SDPT, S100UVDO, S100X7DA |
| Long-term borrowings | — | 13 | 234 | 55 | 95 | S100SDPT, S100UVDO, S100X7DA |
| Total liabilities | 2,268 | 2,504 | 3,773 | 3,352 | 3,692 | S100PQ0U, S100SDPT, S100UVDO, S100X7DA |
| Non-controlling interests | — | — | — | 8 | 14 | S100X7DA |
| Equity attributable to owners of parent | 3,041 | 3,999 | 5,270 | 6,696 | 7,167 | S100PQ0U, S100SDPT, S100UVDO, S100X7DA |
| Retained earnings | 894 | 1,851 | 3,122 | 4,548 | 6,043 | S100PQ0U, S100SDPT, S100UVDO, S100X7DA |
| Treasury stock | -0 | -0 | -0 | -0 | -1,026 | S100PQ0U, S100SDPT, S100UVDO, S100X7DA |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 49% | S100X7DA |
| Property, plant and equipment | 2% | S100X7DA |
| Intangibles and goodwill | 23% | S100X7DA |
| Investment securities | 8% | S100X7DA |
| Other assets | 18% | S100X7DA |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 34% | S100X7DA |
| Equity | 66% | S100X7DA |
| Other liabilities | 0% | S100X7DA |

### Balance sheet history

| Metric | FY ending Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 5,310 | 6,520 | 9,072 | 10,084 | 10,901 |
| Equity | 3,042 | 4,016 | 5,299 | 6,732 | 7,209 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 4,370 | 4,310 | 5,646 | 5,536 | 5,349 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 1.2% | S100X7DA |
| Fixed assets ÷ total assets | 1.4% | S100X7DA |
| Goodwill ÷ parent equity | 16.8% | S100X7DA |

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 49.1% |
| Cash ÷ revenue | 40.3% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 79.9% |
| Cash vs. profit gap | 525 JPY mn (of net income 26.9%) |
| Shareholder returns / net income | 75.9% |
| Shareholder returns / FCF | 60.5% |
| Shareholder payments — dividends / net income | 23.4% |
| Shareholder payments — dividends / FCF | 18.7% |
| CapEx intensity (capex ÷ revenue) | 0.2% |
| Investing CF relative to operating CF | 32.2% |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2021 | 12.9% | 0.70× | 9.0% | 1.75× | 15.8% | S100PQ0U |
| 2022 | 16.8% | 1.05× | 17.6% | 1.68× | 29.5% | S100SDPT |
| 2023 | 14.0% | 1.16× | 16.3% | 1.68× | 27.4% | S100UVDO |
| 2024 | 13.4% | 1.11× | 14.9% | 1.60× | 23.8% | S100X7DA |
| 2025 | 14.7% | 1.26× | 18.6% | 1.51× | 28.2% | S100X7DA |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| ＪＰＭ株式会社 | Major shareholder | 40.4% | 2025-08-31 |
| 三浦陽平 | Major shareholder | 24.3% | 2025-08-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 5.8% | 2025-08-31 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 4.6% | 2025-08-31 |
| 三浦和広 | Major shareholder | 1.8% | 2025-08-31 |
| BNY GCM CLIENT ACCOUNT JPRD AC ISG(FE-AC)（常任代理人 株式会社三菱ＵＦＪ銀行） | Major shareholder | 1.4% | 2025-08-31 |
| NOMURA PB NOMINEES LIMITED OMNIBUS-MARGIN (CASHPB) （常任代理人 野村證券株式会社） | Major shareholder | 0.9% | 2025-08-31 |
| 野村證券株式会社 （常任代理人 株式会社三井住友銀行） | Major shareholder | 0.9% | 2025-08-31 |
| 野村信託銀行株式会社（投信口） | Major shareholder | 0.8% | 2025-08-31 |
| MSIP CLIENT SECURITIES （常任代理人 モルガン・スタンレーMUFG証券株式会社） | Major shareholder | 0.8% | 2025-08-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第17期(2024/09/01－2025/08/31) | S100X7DA | 2025-11-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100X7DA,, |
| 有価証券報告書－第16期(2023/09/01－2024/08/31) | S100UVDO | 2024-11-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UVDO,, |
| 有価証券報告書－第15期(2022/09/01－2023/08/31) | S100SDPT | 2023-11-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100SDPT,, |
| 有価証券報告書－第14期(令和3年9月1日－令和4年8月31日) | S100PQ0U | 2022-11-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PQ0U,, |
| 有価証券報告書－第13期(令和2年9月1日－令和3年8月31日) | S100MYMI | 2021-11-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MYMI,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).