# Ame Kaze Taiyo, Inc.: business model and financials

> Latest period: FY ending Dec 2025, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第11期(2025/01/01－2025/12/31) (S100XU04)
> Page: https://vizora.meequs.com/en/company/ame-kaze-taiyo
> Retrieved: 2026-09-30T23:26:01.179Z

## Company

Ame Kaze Taiyo, founded in 2013, is a company in E-commerce listed on TSE Growth. It has 37 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Ame Kaze Taiyo, Inc. |
| Ticker | 5616 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/5616.T) |
| Listing | TSE Growth |
| Head office | 岩手県花巻市仲町1番29号(2026年2月25日から本店所在地 岩手県花巻市大通一丁目1番43-2花巻駅構内が上記のように移転しております。)(同所は登記上の本店所在地であり、実際の本社業務は「最寄りの連絡場所」で行っております。) |
| Representative (per filing) | 代表取締役社長 高橋 博之 |
| Founded | May 2013 |
| Share capital | ¥348M |
| Employees (consolidated) | 37 |
| Average salary (parent only) | ¥5.4M |
| Fiscal year end | December |
| Website | ame-kaze-taiyo.jp (https://ame-kaze-taiyo.jp/) |
| Corporate number | 7400001010018 |
| EDINET | E39162 |
| Industries (Vizora) | E-commerce |

> Profile source: annual securities report (S100XU04, filed 2026-03-27). As of filing

## Five-axis industry profile

Primary industry: E-commerce (2025-12-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 18 | 25 |
| Profitability | 16.2 | 34 |
| Efficiency | 39.7 | 34 |

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 71% of Ame Kaze Taiyo's sales come from Personal Service, with Corporate Service making up much of the rest.
- It lost about ¥1 for every ¥100 of sales at the operating level.
- Revenue changed +0.6% from the prior year.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥1.03B |  |
| Operating income | -¥7.2M | Margin -0.7% |
| Net income | -¥4.1M | Margin -0.4% |
| Free cash flow | -¥49.4M |  |
| Largest business | Personal Service | of segment revenue 70.7% |
| Employees (consolidated) | 37 |  |
| EPS | ¥-1.71 |  |
| Book value per share | ¥142.86 |  |
| Equity ratio | 34.3% |  |
| Shares outstanding | 2,420,550 |  |
| Shareholders | 2,721 |  |
| Average salary (parent only) | ¥5.4M | Filing company only |
| Cash ratio | 45.5% | Cash ÷ revenue 44.6% |
| Vs. industry median margin | -5.6 pp | E-commerce |
| ROA | -0.4% | Derived from disclosed figures |

## Notable figures

- FY2025, one segment accounts for 78% of positive segment profit
- FY2025, cash is 45% of total assets

## What changed in 3 years

| Metric | FY ending Dec 2022 | FY ending Dec 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥635988000 | ¥1027929000 | +61.6% |
| Operating income | ¥-475991000 | ¥-7221000 | — |
| Operating margin | -74.8% | -0.7% | +74.1 pp |
| Employees | 37 people | 37 people | 0.0% |
| Cash and equivalents | ¥400167000 | ¥458160000 | +14.5% |

### Change in segment revenue mix

Span: FY ending Dec 2022 → FY ending Dec 2025. 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 → 個人向けサービス | 70.7% |
| 新設・再編 → 法人向けサービス | 29.3% |

Segment revenue source references: 2 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 1,028 | 100.0% | S100XU04 |
| Cost of revenue | 353 | 34.4% | S100XU04 |
| Gross profit | 675 | 65.6% | S100XU04 |
| SG&A | 682 | 66.3% | S100XU04 |
| Operating income | -7 | -0.7% | S100XU04 |
| Ordinary income | 21 | 2.0% | S100XU04 |
| Pretax income | -9 | -0.9% | S100XU04 |
| Income tax | -5 | -0.5% | S100XU04 |
| Net income | -4 | -0.4% | S100XU04 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 35 |
| SG&A | 66 |
| Operating income | -1 |
| (Ref.) Net income | 0 |

### Margin funnel

Gross margin 65.6% → Operating margin -0.7% → Net margin -0.4%
Derived from reported figures (DERIVED).

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 1,022 | 1,028 | 6 | +0.6% |
| Gross profit | 667 | 675 | 8 | +1.2% |
| Operating income | -156 | -7 | 149 | — |
| Operating cash flow | -250 | -4 | 246 | — |
| Free cash flow | -256 | -49 | 206 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Dec 2022 | 636 | -476 | -74.8% | -322 | -313 | -320 | S100T4Y1 |
| FY ending Dec 2023 | 957 | -230 | -24.0% | -183 | -242 | — | S100VJ02 |
| FY ending Dec 2024 | 1,022 | -156 | -15.3% | -164 | -250 | -256 | S100XU04 |
| FY ending Dec 2025 | 1,028 | -7 | -0.7% | -4 | -4 | -49 | S100XU04 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥27.8M |
| Operating income per employee (consolidated) | -¥195.2K |
| Net income per employee (consolidated) | -¥112.1K |

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

| History | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 37 | 39 | 37 | 37 |
| Average salary (parent company) | — | ¥5.2M | ¥5.2M | ¥5.4M |
| Average age (parent company) | — | 35.2 years | 36.5 years | 38.8 years |
| Average tenure (parent company) | — | 2.1 years | 2.3 years | 3.5 years |

Year over year: Employees (consolidated) 0.0% · Revenue (consolidated) +0.6%

## Segments（FY ending Dec 2025, non-consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Personal Service | 726 | 70.7% | 171 | 23.5% |
| Corporate Service | 302 | 29.3% | 48 | 16.0% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Personal Service | 70.7% | 78.0% | 7.3 | 23.5% |
| Corporate Service | 29.3% | 22.0% | -7.3 | 16.0% |

Segment → industry: Corporate Service → E-commerce / Personal Service → E-commerce

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -4 | -0.4% | S100XU04 |
| Capital expenditure | 45 | 4.4% | S100XU04 |
| Free cash flow | -49 | -4.8% | 算出 |
| Investing cash flow | -45 | -4.4% | S100XU04 |
| Financing cash flow | -36 | -3.5% | S100XU04 |
| Change in cash | -85 | -8.3% | S100XU04 |
| Cash and equivalents | 458 | 44.6% | S100XU04 |

## 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 Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 400 | 883 | 543 | 458 | S100VJ02, S100XU04 |
| Total assets | 684 | 1,291 | 1,043 | 1,007 | S100T4Y1, S100VJ02, S100XU04 |
| Net assets | 133 | 450 | 346 | 346 | S100VJ02, S100XU04 |
| Share capital | 346 | 596 | 626 | 348 | S100T4Y1, S100VJ02, S100XU04 |
| Property, plant and equipment | 2 | 2 | 6 | 40 | S100T4Y1, S100VJ02, S100XU04 |
| Intangible assets excluding goodwill | 5 | 4 | 4 | 35 | S100T4Y1, S100VJ02, S100XU04 |
| Investment securities | — | — | 15 | 38 | S100XU04 |
| Current assets | 666 | 1,277 | 941 | 865 | S100T4Y1, S100VJ02, S100XU04 |
| Current liabilities | 546 | 636 | 492 | 456 | S100T4Y1, S100VJ02, S100XU04 |
| Short-term borrowings | 114 | 150 | 90 | 50 | S100T4Y1, S100VJ02, S100XU04 |
| Long-term borrowings | — | 200 | 200 | 200 | S100VJ02, S100XU04 |
| Total liabilities | 551 | 841 | 697 | 661 | S100T4Y1, S100VJ02, S100XU04 |
| Equity attributable to owners of parent | 132 | 450 | 346 | 346 | S100T4Y1, S100VJ02, S100XU04 |
| Retained earnings | -359 | -542 | -706 | -4 | S100T4Y1, S100VJ02, S100XU04 |
| Treasury stock | — | — | -0 | -0 | S100XU04 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 45% | S100XU04 |
| Property, plant and equipment | 4% | S100XU04 |
| Intangibles and goodwill | 4% | S100XU04 |
| Investment securities | 4% | S100XU04 |
| Other assets | 43% | S100XU04 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 66% | S100XU04 |
| Equity | 34% | S100XU04 |
| Other liabilities | 0% | S100XU04 |

### Balance sheet history

| Metric | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: | ---: | ---: |
| Total assets | 684 | 1,291 | 1,043 | 1,007 |
| Equity | 133 | 450 | 346 | 346 |
| Interest-bearing debt | — | — | — | — |
| Cash | 400 | 883 | 543 | 458 |

## 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) | 3.9% | S100XU04 |
| Fixed assets ÷ total assets | 4.0% | S100XU04 |
| Goodwill ÷ parent equity | — | —, S100XU04 |

### 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) | 45.5% |
| Cash ÷ revenue | 44.6% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | -0 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 4.4% |
| 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 | — | —× | -47.1% | —× | — | S100T4Y1 |
| 2023 | — | —× | -18.5% | —× | — | S100VJ02 |
| 2024 | — | —× | -14.0% | —× | — | S100XU04 |
| 2025 | — | —× | -0.4% | —× | — | S100XU04 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| PNB-INSPiRE Ethical Fund 1 投資事業有限責任組合 | Major shareholder | 13.1% | 2025-12-31 |
| 小 橋 正 次 郎 | Major shareholder | 12.1% | 2025-12-31 |
| 高 橋 博 之 | Major shareholder | 8.1% | 2025-12-31 |
| 大 塚 泰 造 | Major shareholder | 5.5% | 2025-12-31 |
| 株式会社丸井グループ | Major shareholder | 5.5% | 2025-12-31 |
| 永 田 暁 彦 | Major shareholder | 2.1% | 2025-12-31 |
| 陳 必 興 | Major shareholder | 2.1% | 2025-12-31 |
| 株式会社リバネス | Major shareholder | 2.0% | 2025-12-31 |
| 高 木 聡 | Major shareholder | 1.2% | 2025-12-31 |
| 株式会社オレンジページ | Major shareholder | 1.2% | 2025-12-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第11期(2025/01/01－2025/12/31) | S100XU04 | 2026-03-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XU04,, |
| 有価証券報告書－第10期(2024/01/01－2024/12/31) | S100VJ02 | 2025-03-31 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VJ02,, |
| 有価証券報告書－第9期(2023/01/01－2023/12/31) | S100T4Y1 | 2024-03-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100T4Y1,, |

## 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).