# Amvis Holdings, Inc.: business model and financials

> Latest period: FY ending Sep 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第9期(2024/10/01－2025/09/30) (S100XD1A)
> Page: https://vizora.meequs.com/en/company/amvis-holdings
> Retrieved: 2026-09-30T22:13:32.154Z

## Company

Amvis Holdings, founded in 2013, is a company in Nursing Care listed on TSE Prime. It has 5,135 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Amvis Holdings, Inc. |
| Ticker | 7071 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7071.T) |
| Listing | TSE Prime |
| Head office | 東京都中央区京橋一丁目6番1号 |
| Representative (per filing) | 代表取締役 CEO 柴原 慶一 |
| Founded | Sep 2013 |
| Share capital | ¥66M |
| Employees (consolidated) | 5,135 |
| Average salary (parent only) | ¥6.5M |
| Fiscal year end | September |
| Website | www.amvis.com (https://www.amvis.com/) |
| Corporate number | 1010001178809 |
| EDINET | E35140 |
| Industries (Vizora) | Nursing Care |

> Profile source: annual securities report (S100XD1A, filed 2025-12-25). As of filing

## Five-axis industry profile

Primary industry: Nursing Care (2025-09-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 96.7 | 15 |
| Profitability | 97.6 | 21 |
| Cash conversion | 34.2 | 19 |
| Efficiency | 11.9 | 21 |

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)

- Amvis Holdings brought in ¥49.2B in revenue.
- Out of every ¥100 of sales, about ¥12 is left as operating profit.
- Revenue changed +15.8% from the prior year, operating profit -41.9%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥49174000000 → ¥3660000000
- Net income → operating cash flow: ¥3660000000 → ¥6025000000（difference ¥2365000000）
- Main uses of operating cash flow: CapEx ¥10424000000 / dividends ¥391000000 / buybacks ¥390000000
- Change in cash: ¥1964000000
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 | ¥49.2B |  |
| Operating income | ¥6.16B | Margin 12.5% |
| Net income | ¥3.66B | Margin 7.4% |
| Free cash flow | -¥4.4B |  |
| Employees (consolidated) | 5,135 |  |
| EPS | ¥21.97 |  |
| Diluted EPS | ¥21.96 |  |
| Book value per share | ¥214.86 |  |
| Equity ratio | 43.0% |  |
| Shares outstanding | 98,112,000 |  |
| Treasury shares | 578,100 |  |
| Shareholders | 12,928 |  |
| Average salary (parent only) | ¥6.5M | Filing company only |
| Cash ratio | 12.9% | Cash ÷ revenue 22.0% |
| Vs. industry median margin | +6.4 pp | Nursing Care |
| ROE | 10.6% | Derived from disclosed figures |
| ROA | 4.7% | Derived from disclosed figures |

## Notable figures

- FY2025, revenue is 3.2× its level five years ago

## What changed in 5 years

| Metric | FY ending Sep 2020 | FY ending Sep 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥9174000000 | ¥49174000000 | +436.0% |
| Operating income | ¥1876000000 | ¥6162000000 | +228.5% |
| Operating margin | 20.4% | 12.5% | -7.9 pp |
| Employees | 972 people | 5,135 people | +428.3% |
| Cash and equivalents | ¥3335000000 | ¥10833000000 | +224.8% |

### Change in segment revenue mix

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

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 49,174 | 100.0% | S100XD1A |
| Cost of revenue | 34,385 | 69.9% | S100XD1A |
| Gross profit | 14,789 | 30.1% | S100XD1A |
| SG&A | 8,626 | 17.5% | S100XD1A |
| Operating income | 6,162 | 12.5% | S100XD1A |
| Ordinary income | 6,343 | 12.9% | S100XD1A |
| Pretax income | 5,685 | 11.6% | S100XD1A |
| Income tax | 2,025 | 4.1% | S100XD1A |
| Net income | 3,660 | 7.4% | S100XD1A |
| Net income attributable to owners | 3,660 | 7.4% | S100XD1A |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 70 |
| SG&A | 18 |
| Operating income | 12 |
| (Ref.) Net income | 7 |

### Margin funnel

Gross margin 30.1% → Operating margin 12.5% → Net margin 7.4%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +15.8%; Core profit growth: -41.9%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -2.66×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 42,475 | 49,174 | 6,699 | +15.8% |
| Gross profit | 17,059 | 14,789 | -2,270 | -13.3% |
| Operating income | 10,612 | 6,162 | -4,450 | -41.9% |
| Net income attributable to owners | 7,438 | 3,660 | -3,778 | -50.8% |
| Operating cash flow | 7,484 | 6,025 | -1,459 | -19.5% |
| Free cash flow | -8,521 | -4,399 | 4,122 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Sep 2019 | 5,370 | 910 | 16.9% | 603 | 445 | -739 | S100KGDV |
| FY ending Sep 2020 | 9,174 | 1,876 | 20.4% | 1,239 | 1,165 | -3,782 | S100N4Z6 |
| FY ending Sep 2021 | 15,334 | 3,784 | 24.7% | 2,627 | 2,584 | -2,792 | S100PW6N |
| FY ending Sep 2022 | 23,072 | 6,132 | 26.6% | 4,279 | 4,415 | -2,730 | S100SJUZ |
| FY ending Sep 2023 | 31,985 | 8,630 | 27.0% | 6,310 | 6,798 | -3,059 | S100V0HA |
| FY ending Sep 2024 | 42,475 | 10,612 | 25.0% | 7,438 | 7,484 | -8,521 | S100XD1A |
| FY ending Sep 2025 | 49,174 | 6,162 | 12.5% | 3,660 | 6,025 | -4,399 | S100XD1A |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥9.6M |
| Operating income per employee (consolidated) | ¥1.2M |
| Net income per employee (consolidated) | ¥712.8K |

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

| History | FY ending Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 1,446 | 2,184 | 2,974 | 4,046 | 5,135 |
| Average salary (parent company) | ¥6.8M | ¥5.9M | ¥5.5M | ¥6M | ¥6.5M |
| Average age (parent company) | 39.3 years | 38.3 years | 39.1 years | 38.0 years | 37.2 years |
| Average tenure (parent company) | 1.7 years | 1.5 years | 1.8 years | 2.2 years | 2.2 years |

Year over year: Employees (consolidated) +26.9% · Revenue (consolidated) +15.8%

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 6,025 | 12.3% | S100XD1A |
| Capital expenditure | 10,424 | 21.2% | S100XD1A |
| Free cash flow | -4,399 | -8.9% | 算出 |
| Investing cash flow | -10,427 | -21.2% | S100XD1A |
| Financing cash flow | 6,365 | 12.9% | S100XD1A |
| Dividends paid | 391 | 0.8% | S100XD1A |
| Share buyback | 390 | 0.8% | S100XD1A |
| Change in cash | 1,964 | 4.0% | S100XD1A |
| Cash and equivalents | 10,833 | 22.0% | S100XD1A |

## 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 Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 11,192 | 11,342 | 12,128 | 8,868 | 10,833 | S100SJUZ, S100V0HA, S100XD1A |
| Total assets | 31,922 | 41,767 | 55,559 | 71,799 | 83,947 | S100PW6N, S100SJUZ, S100V0HA, S100XD1A |
| Net assets | 16,341 | 20,458 | 26,523 | 33,212 | 36,132 | S100SJUZ, S100V0HA, S100XD1A |
| Share capital | 5,838 | 5,866 | 57 | 65 | 66 | S100PW6N, S100SJUZ, S100V0HA, S100XD1A |
| Inventories | 7 | 11 | 14 | 23 | 30 | S100PW6N, S100SJUZ, S100V0HA, S100XD1A |
| Property, plant and equipment | 15,234 | 22,612 | 32,370 | 48,743 | 57,165 | S100PW6N, S100SJUZ, S100V0HA, S100XD1A |
| Intangible assets excluding goodwill | 28 | 43 | 57 | 73 | 185 | S100PW6N, S100SJUZ, S100V0HA, S100XD1A |
| Goodwill | 6 | — | — | — | — | S100PW6N |
| Current assets | 14,937 | 16,614 | 19,535 | 18,451 | 21,738 | S100PW6N, S100SJUZ, S100V0HA, S100XD1A |
| Current liabilities | 5,072 | 7,063 | 10,506 | 13,805 | 19,444 | S100PW6N, S100SJUZ, S100V0HA, S100XD1A |
| Short-term borrowings | 1,373 | 1,753 | 2,267 | 3,333 | 7,699 | S100PW6N, S100SJUZ, S100V0HA, S100XD1A |
| Long-term borrowings | 6,596 | 9,312 | 12,554 | 16,896 | 19,277 | S100PW6N, S100SJUZ, S100V0HA, S100XD1A |
| Total liabilities | 15,580 | 21,308 | 29,036 | 38,586 | 47,814 | S100PW6N, S100SJUZ, S100V0HA, S100XD1A |
| Equity attributable to owners of parent | 16,341 | 20,459 | 26,523 | 33,212 | 36,145 | S100PW6N, S100SJUZ, S100V0HA, S100XD1A |
| Retained earnings | 4,696 | 8,757 | 14,774 | 21,918 | 25,187 | S100PW6N, S100SJUZ, S100V0HA, S100XD1A |
| Treasury stock | -1 | -1 | -1 | -472 | -750 | S100PW6N, S100SJUZ, S100V0HA, S100XD1A |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 13% | S100XD1A |
| Inventories | 0% | S100XD1A |
| Property, plant and equipment | 68% | S100XD1A |
| Intangibles and goodwill | 0% | S100XD1A |
| Other assets | 19% | S100XD1A |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 57% | S100XD1A |
| Equity | 43% | S100XD1A |
| Other liabilities | 0% | S100XD1A |

### Balance sheet history

| Metric | FY ending Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 31,922 | 41,767 | 55,559 | 71,799 | 83,947 |
| Equity | 16,341 | 20,458 | 26,523 | 33,212 | 36,132 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 11,192 | 11,342 | 12,128 | 8,868 | 10,833 |

## 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) | 116.3% | S100XD1A |
| Fixed assets ÷ total assets | 68.1% | S100XD1A |
| Goodwill ÷ parent equity | — | —, S100XD1A |

### 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) | 12.9% |
| Cash ÷ revenue | 22.0% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 97.8% |
| Cash vs. profit gap | 2,365 JPY mn (of net income 64.6%) |
| Shareholder returns / net income | 21.3% |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 10.7% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 21.2% |
| Investing CF relative to operating CF | 173.1% |

## 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 | 17.1% | 0.48× | 8.2% | 1.95× | 16.1% | S100PW6N |
| 2022 | 18.5% | 0.63× | 11.6% | 2.00× | 23.3% | S100SJUZ |
| 2023 | 19.7% | 0.66× | 13.0% | 2.07× | 26.9% | S100V0HA |
| 2024 | 17.5% | 0.67× | 11.7% | 2.13× | 24.9% | S100XD1A |
| 2025 | 7.4% | 0.63× | 4.7% | 2.25× | 10.6% | S100XD1A |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社IDEA Capital | Major shareholder | 53.0% | 2025-09-30 |
| 柴原 慶一 | Major shareholder | 8.7% | 2025-09-30 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 5.5% | 2025-09-30 |
| BNP PARIBAS SINGAPORE/2S/JASDEC/MAYBANK CLT ASET 30E-0B（常任代理人 香港上海銀行東京支店） | Major shareholder | 1.9% | 2025-09-30 |
| 東京短資株式会社 | Major shareholder | 1.2% | 2025-09-30 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 1.1% | 2025-09-30 |
| UBS AG LONDON ASIA EQUITIES （常任代理人 シティバンク、エヌ・エイ東京支店） | Major shareholder | 1.0% | 2025-09-30 |
| ＪＰモルガン証券株式会社 | Major shareholder | 0.9% | 2025-09-30 |
| 佐護 勝紀 | Major shareholder | 0.6% | 2025-09-30 |
| DBS BANK LTD. 700104 （常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 0.6% | 2025-09-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第9期(2024/10/01－2025/09/30) | S100XD1A | 2025-12-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XD1A,, |
| 有価証券報告書－第8期(2023/10/01－2024/09/30) | S100V0HA | 2024-12-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100V0HA,, |
| 有価証券報告書－第7期(2022/10/01－2023/09/30) | S100SJUZ | 2023-12-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100SJUZ,, |
| 有価証券報告書－第6期(令和3年10月1日－令和4年9月30日) | S100PW6N | 2022-12-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PW6N,, |
| 有価証券報告書－第5期(令和2年10月1日－令和3年9月30日) | S100N4Z6 | 2021-12-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100N4Z6,, |
| 有価証券報告書－第4期(令和1年10月1日－令和2年9月30日) | S100KGDV | 2020-12-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100KGDV,, |

## 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).