# ALiNK Internet, INC.: business model and financials

> Latest period: FY ending Feb 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第13期(2025/03/01－2026/02/28) (S100Y69B)
> Page: https://vizora.meequs.com/en/company/alink-internet
> Retrieved: 2026-09-30T19:07:48.404Z

## Company

ALiNK Internet, founded in 2013, is a company in Internet Services & Apps listed on TSE Growth. It has 35 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | ALiNK Internet, INC. |
| Ticker | 7077 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7077.T) |
| Listing | TSE Growth |
| Head office | 東京都豊島区東池袋一丁目10番1号 |
| Representative (per filing) | 代表取締役CEO 池田 洋人 |
| Founded | Mar 2013 |
| Share capital | ¥138.1M |
| Employees (consolidated) | 35 |
| Average salary (parent only) | ¥6.2M |
| Fiscal year end | February |
| Website | www.alink.ne.jp (https://www.alink.ne.jp/) |
| Corporate number | 6011001094074 |
| EDINET | E35288 |
| Industries (Vizora) | Internet Services & Apps, Electric Power & Gas |

> Profile source: annual securities report (S100Y69B, filed 2026-05-27). As of filing

## Five-axis industry profile

Primary industry: Internet Services & Apps (2026-02-28)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 6.9 | 51 |
| Efficiency | 16.3 | 52 |

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)

- About 55% of ALiNK Internet's sales come from Tenki.jp, with IP Produce and Sun-power making up much of the rest.
- It lost about ¥9 for every ¥100 of sales at the operating level.
- Revenue changed +14.4% from the prior year, operating profit -318.0%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥1.02B |  |
| Operating income | -¥94.6M | Margin -9.3% |
| Net income | -¥272.5M | Margin -26.8% |
| Free cash flow | -¥159.6M |  |
| Largest business | Tenki.jp | of segment revenue 54.5% |
| Employees (consolidated) | 35 |  |
| EPS | ¥-192.17 |  |
| Book value per share | ¥768.5 |  |
| Equity ratio | 75.4% |  |
| Shares outstanding | 2,136,900 |  |
| Treasury shares | 330,000 |  |
| Shareholders | 2,531 |  |
| Average salary (parent only) | ¥6.2M | Filing company only |
| Cash ratio | 24.7% | Cash ÷ revenue 44.8% |
| Vs. industry median margin | -17 pp | Internet Services & Apps |
| ROA | -14.8% | Derived from disclosed figures |

## Notable figures

- FY2026, segment profit share differs by 29 points

## What changed in 5 years

Currency or consolidation scope differs; percentage changes are omitted.

| Metric | FY ending Feb 2021 | FY ending Feb 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥610988000 | ¥1015965000 | — |
| Operating income | ¥223335000 | ¥-94618000 | — |
| Operating margin | 36.6% | -9.3% | -45.9 pp |
| Employees | 16 people | 35 people | — |
| Cash and equivalents | ¥1169505000 | ¥455389000 | — |

### Change in segment revenue mix

Span: FY ending Feb 2021 → FY ending Feb 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 新設・再編 → ｔｅｎｋｉ．ｊｐ事業 | 54.5% |
| 新設・再編 → ＩＰプロデュース事業 | 28.2% |
| 新設・再編 → 太陽光コンサルティング事業 | 13.1% |
| 新設・再編 → その他の事業 | 4.1% |

Segment revenue source references: 4 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| Tenki.jp | — | — | ¥554131000 | 32.5% | 2 |
| IP Produce | — | — | ¥286390000 | -40.4% | 2 |
| Sun-power | — | — | ¥133289000 | 96.8% | 2 |
| Other business | — | — | ¥42153000 | -74.8% | 2 |

## Income statement（FY ending Feb 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 1,016 | 100.0% | S100Y69B |
| Cost of revenue | 588 | 57.9% | S100Y69B |
| Gross profit | 428 | 42.1% | S100Y69B |
| SG&A | 522 | 51.4% | S100Y69B |
| Operating income | -95 | -9.3% | S100Y69B |
| Ordinary income | -63 | -6.2% | S100Y69B |
| Pretax income | -249 | -24.6% | S100Y69B |
| Income tax | 23 | 2.3% | S100Y69B |
| Net income | -272 | -26.8% | S100Y69B |
| Net income attributable to owners | -272 | -26.8% | S100Y69B |

## Per ¥100 of revenue（FY ending Feb 2026）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 58 |
| SG&A | 51 |
| Operating income | -9 |
| (Ref.) Net income | -27 |

### Margin funnel

Gross margin 42.1% → Operating margin -9.3% → Net margin -26.8%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Turned to a loss
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Feb 2025 → FY ending Feb 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 888 | 1,016 | 128 | +14.4% |
| Gross profit | 462 | 428 | -34 | -7.3% |
| Operating income | 43 | -95 | -138 | -318.0% |
| Net income attributable to owners | 57 | -272 | -330 | -575.9% |
| Operating cash flow | 255 | -158 | -413 | -161.9% |
| Free cash flow | 254 | -160 | -414 | -162.7% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Feb 2020 | 744 | 351 | 47.1% | 226 | 130 | 129 | S100LE71 |
| FY ending Feb 2021 | 611 | 223 | 36.6% | 189 | 311 | 310 | S100O3KM |
| FY ending Feb 2022 | 650 | 220 | 33.9% | 205 | 179 | 179 | S100QTKK |
| FY ending Feb 2023 | 685 | 203 | 29.6% | 140 | 185 | 180 | S100TJ5Q |
| FY ending Feb 2024 | 610 | 90 | 14.8% | 103 | 132 | 131 | S100TJ5Q |
| FY ending Feb 2025 | 888 | 43 | 4.9% | 57 | 255 | 254 | S100Y69B |
| FY ending Feb 2026 | 1,016 | -95 | -9.3% | -272 | -158 | -160 | S100Y69B |

## People and productivity（FY ending Feb 2026, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥29M |
| Operating income per employee (consolidated) | -¥2.7M |
| Net income per employee (consolidated) | -¥7.8M |

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

| History | FY ending Feb 2022 | FY ending Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 21 | 22 | 22 | 35 | 35 |
| Average salary (parent company) | ¥5.4M | ¥5.8M | ¥5.5M | ¥5.9M | ¥6.2M |
| Average age (parent company) | 41.8 years | 42.6 years | 40.5 years | 41.6 years | 41.2 years |
| Average tenure (parent company) | 2.8 years | 2.8 years | 2.7 years | 2.8 years | 2.8 years |

Year over year: Employees (consolidated) 0.0% · Revenue (consolidated) +14.4%

## Segments（FY ending Feb 2026, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Tenki.jp | 554 | 54.5% | 180 | 32.5% |
| IP Produce | 286 | 28.2% | -116 | -40.4% |
| Sun-power | 133 | 13.1% | 129 | 96.8% |
| Other business | 42 | 4.1% | -32 | -74.8% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Revenue share | Profit share | Difference (pt) | Margin |
| --- | ---: | ---: | ---: | ---: |
| Tenki.jp | 54.5% | 58.2% | 3.7 | 32.5% |
| IP Produce | 28.2% | — | — | -40.4% |
| Sun-power | 13.1% | 41.8% | 28.6 | 96.8% |
| Other business | 4.1% | — | — | -74.8% |

Loss-making segment (excluded from profit shares): IP Produce -116 JPY mn

Loss-making segment (excluded from profit shares): Other business -32 JPY mn

Segment → industry: Tenki.jp → Internet Services & Apps / Sun-power → Electric Power & Gas

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Feb 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -158 | -15.5% | S100Y69B |
| Capital expenditure | 2 | 0.2% | S100Y69B |
| Free cash flow | -160 | -15.7% | 算出 |
| Investing cash flow | -431 | -42.4% | S100Y69B |
| Financing cash flow | 300 | 29.5% | S100Y69B |
| Change in cash | -288 | -28.3% | S100Y69B |
| Cash and equivalents | 455 | 44.8% | S100Y69B |

## 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 Feb 2022 | FY ending Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 1,349 | 1,195 | 839 | 743 | 455 | S100TJ5Q, S100Y69B |
| Total assets | 1,805 | 1,562 | 1,670 | 1,835 | 1,840 | S100QTKK, S100TJ5Q, S100Y69B |
| Net assets | 1,687 | 1,489 | 1,591 | 1,661 | 1,389 | S100TJ5Q, S100Y69B |
| Share capital | 138 | 138 | 138 | 138 | 138 | S100QTKK, S100TJ5Q, S100Y69B |
| Property, plant and equipment | 16 | 21 | 18 | 31 | 26 | S100QTKK, S100TJ5Q, S100Y69B |
| Intangible assets excluding goodwill | — | — | — | 217 | — | S100Y69B |
| Goodwill | — | — | — | 217 | — | S100Y69B |
| Investment securities | 0 | 0 | 0 | 0 | 0 | S100QTKK, S100TJ5Q, S100Y69B |
| Current assets | 1,640 | 1,387 | 1,561 | 1,506 | 1,742 | S100QTKK, S100TJ5Q, S100Y69B |
| Current liabilities | 118 | 67 | 73 | 158 | 436 | S100QTKK, S100TJ5Q, S100Y69B |
| Short-term borrowings | — | — | — | — | 300 | S100Y69B |
| Total liabilities | 118 | 73 | 79 | 174 | 452 | S100QTKK, S100TJ5Q, S100Y69B |
| Equity attributable to owners of parent | 1,687 | 1,489 | 1,591 | 1,661 | 1,389 | S100QTKK, S100TJ5Q, S100Y69B |
| Retained earnings | 1,376 | 1,516 | 1,618 | 1,676 | 1,403 | S100QTKK, S100TJ5Q, S100Y69B |
| Treasury stock | -0 | -338 | -338 | -327 | -327 | S100QTKK, S100TJ5Q, S100Y69B |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 25% | S100Y69B |
| Property, plant and equipment | 1% | S100Y69B |
| Other assets | 74% | S100Y69B |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 25% | S100Y69B |
| Equity | 75% | S100Y69B |

### Balance sheet history

| Metric | FY ending Feb 2022 | FY ending Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 1,805 | 1,562 | 1,670 | 1,835 | 1,840 |
| Equity | 1,687 | 1,489 | 1,591 | 1,661 | 1,389 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 1,349 | 1,195 | 839 | 743 | 455 |

## 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) | 2.5% | S100Y69B |
| Fixed assets ÷ total assets | 1.4% | S100Y69B |
| Goodwill ÷ parent equity | — | —, S100Y69B |

### 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) | 24.7% |
| Cash ÷ revenue | 44.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | 115 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 0.2% |
| Investing CF relative to operating CF | — |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 31.6% | 0.36× | 11.4% | 1.07× | 12.2% | S100QTKK |
| 2023 | 20.4% | 0.41× | 8.3% | 1.06× | 8.8% | S100TJ5Q |
| 2024 | 16.8% | 0.38× | 6.4% | 1.05× | 6.7% | S100TJ5Q |
| 2025 | 6.4% | 0.48× | 3.1% | 1.10× | 3.4% | S100Y69B |
| 2026 | — | —× | -14.8% | —× | — | S100Y69B |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 池田洋人 | Major shareholder | 45.1% | 2026-02-28 |
| 松本修士 | Major shareholder | 15.4% | 2026-02-28 |
| 亀井友廣 | Major shareholder | 2.8% | 2026-02-28 |
| 株式会社ＳＢＩ証券 | Major shareholder | 1.2% | 2026-02-28 |
| 一般財団法人日本気象協会 | Major shareholder | 1.1% | 2026-02-28 |
| 内田龍夫 | Major shareholder | 0.9% | 2026-02-28 |
| 橋本竜 | Major shareholder | 0.7% | 2026-02-28 |
| 河田健 | Major shareholder | 0.6% | 2026-02-28 |
| 松本敦 | Major shareholder | 0.5% | 2026-02-28 |
| 田畑聡志 | Major shareholder | 0.3% | 2026-02-28 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第13期(2025/03/01－2026/02/28) | S100Y69B | 2026-05-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Y69B,, |
| 有価証券報告書－第12期(2024/03/01－2025/02/28) | S100VURK | 2025-05-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VURK,, |
| 有価証券報告書－第11期(2023/03/01－2024/02/29) | S100TJ5Q | 2024-05-31 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TJ5Q,, |
| 有価証券報告書－第10期(2022/03/01－2023/02/28) | S100QTKK | 2023-05-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QTKK,, |
| 有価証券報告書－第9期(令和3年3月1日－令和4年2月28日) | S100O3KM | 2022-05-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100O3KM,, |
| 有価証券報告書－第8期(令和2年3月1日－令和3年2月28日) | S100LE71 | 2021-05-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LE71,, |

## 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).