# Anicom Holdings, Inc.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第26期(2025/04/01－2026/03/31) (S100YFY1)
> Page: https://vizora.meequs.com/en/company/anicom
> Retrieved: 2026-09-30T21:06:47.497Z

## Company

Anicom Holdings, founded in 2000, is a company in Internet Services & Apps listed on TSE Prime. It has 1,025 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Anicom Holdings, Inc. |
| Ticker | 8715 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8715.T) |
| Listing | TSE Prime |
| Head office | 東京都新宿区西新宿八丁目17番1号 住友不動産新宿グランドタワー39階 |
| Representative (per filing) | 代表取締役 小森 伸昭 |
| Founded | Jul 2000 |
| Employees (consolidated) | 1,025 |
| Average salary (parent only) | ¥8.4M |
| Fiscal year end | March |
| Website | www.anicom.co.jp (https://www.anicom.co.jp/) |
| Corporate number | 7011101038616 |
| EDINET | E24073 |
| Industries (Vizora) | Internet Services & Apps, Pets |

> Profile source: annual securities report (S100YFY1, filed 2026-06-22). As of filing

## Key points (generated from figures)

- About 89% of Anicom Holdings's ordinary revenue comes from Property and casualty insurance, with Other and Animal Hospital Operations Business making up much of the rest.
- Out of every ¥100 of ordinary revenue, about ¥5 is left as ordinary profit.
- Ordinary revenue changed +9.1% from the prior year, ordinary profit -28.3%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥73.8B |  |
| Ordinary income | ¥3.54B | Margin 4.8% |
| Net income | ¥2.2B | Margin 3.0% |
| Employees (consolidated) | 1,025 |  |
| EPS | ¥26.03 |  |
| Book value per share | ¥250.44 |  |
| Equity ratio | 37.9% |  |
| Shares outstanding | 74,939,160 |  |
| Treasury shares | 1,300,700 |  |
| Shareholders | 6,375 |  |
| Average salary (parent only) | ¥8.4M | Filing company only |

## Notable figures

- FY2026, operating cash flow is 2.2× net income
- FY2026, buybacks were 1.6× dividends
- FY2026, parent-company salary changed -24% over five years

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥48049000000 | ¥73846000000 | +53.7% |
| Employees | 746 people | 1,025 people | +37.4% |
| Cash and equivalents | ¥28833000000 | ¥9092000000 | -68.5% |

### Change in segment revenue mix

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

| Flow | Revenue share |
| --- | ---: |
| 損害保険事業 → 損害保険事業 | 89.1% |
| 損害保険事業 → 事業再編・廃止 | 2.1% |
| ペット向けインターネットサービス事業 → ペット向けインターネットサービス事業 | 3.1% |
| ペット向けインターネットサービス事業 → 事業再編・廃止 | 0.2% |
| その他 → その他 | 3.8% |
| その他 → 事業再編・廃止 | 1.8% |
| 新設・再編 → 動物病院運営事業 | 3.3% |
| 新設・再編 → 健康イノベーション事業 | 0.8% |

Segment revenue source references: 8 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Property and casualty insurance | 5 years | +8.5% | ¥65817000000 | 7.3% | 2 |
| Other | 5 years | +0.9% | ¥2783000000 | -10.9% | 2 |
| Animal Hospital Operations Business | — | — | ¥2401000000 | -29.9% | 2 |
| Internet service for pets | 5 years | +7.6% | ¥2270000000 | 4.5% | 2 |
| Health Innovation Business | — | — | ¥573000000 | -53.8% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 73,846 | 100.0% | S100YFY1 |
| Ordinary expenses | 70,303 | 95.2% | S100YFY1 |
| Ordinary income | 3,543 | 4.8% | S100YFY1 |
| Extraordinary income | 0 | 0.0% | S100YFY1 |
| Extraordinary loss | 326 | 0.4% | S100YFY1 |
| Pretax income | 3,216 | 4.4% | S100YFY1 |
| Income tax | 1,011 | 1.4% | S100YFY1 |
| Net income | 2,204 | 3.0% | S100YFY1 |
| Net income attributable to owners | 2,204 | 3.0% | S100YFY1 |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 95 |
| Ordinary income | 5 |
| (Ref.) Net income | 3 |

### Margin funnel

Ordinary margin 4.8% → Net margin 3.0%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +9.1%; Core profit growth: -28.3%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -3.11×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 67,683 | 73,846 | 6,163 | +9.1% |
| Net income attributable to owners | 3,246 | 2,204 | -1,042 | -32.1% |
| Operating cash flow | 6,400 | 4,820 | -1,580 | -24.7% |
| Free cash flow | 5,131 | -591 | -5,722 | -111.5% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 28,978 | — | — | 1,558 | 3,231 | — | S100LIQ8 |
| FY ending Mar 2018 | 32,339 | — | — | 1,320 | 3,393 | — | S100ODE1 |
| FY ending Mar 2019 | 35,829 | — | — | 1,610 | 4,359 | — | S100R13C |
| FY ending Mar 2020 | 41,465 | — | — | 1,525 | 4,246 | 3,065 | S100LIQ8 |
| FY ending Mar 2021 | 48,049 | — | — | 1,586 | 4,231 | 3,067 | S100ODE1 |
| FY ending Mar 2022 | 53,022 | — | — | 2,112 | 4,456 | 3,243 | S100R13C |
| FY ending Mar 2023 | 56,528 | — | — | 2,284 | 4,422 | 3,568 | S100TP4M |
| FY ending Mar 2024 | 60,437 | — | — | 2,729 | 5,669 | 4,831 | S100W0KC |
| FY ending Mar 2025 | 67,683 | — | — | 3,246 | 6,400 | 5,131 | S100YFY1 |
| FY ending Mar 2026 | 73,846 | — | — | 2,204 | 4,820 | -591 | S100YFY1 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥72M |
| Net income per employee (consolidated) | ¥2.2M |

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

| History | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 847 | 890 | 933 | 974 | 1,025 |
| Average salary (parent company) | ¥11.1M | ¥7.2M | ¥7.4M | ¥7.4M | ¥8.4M |
| Average age (parent company) | 42.5 years | 42.0 years | 42.1 years | 42.0 years | 42.2 years |
| Average tenure (parent company) | 6.2 years | 7.1 years | 7.2 years | 6.7 years | 6.2 years |

Year over year: Employees (consolidated) +5.2% · Revenue (consolidated) +9.1%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Property and casualty insurance | 65,817 | 89.1% | 4,797 | 7.3% |
| Internet service for pets | 2,270 | 3.1% | 103 | 4.5% |
| Animal Hospital Operations Business | 2,401 | 3.3% | -717 | -29.9% |
| Health Innovation Business | 573 | 0.8% | -308 | -53.8% |
| Other | 2,783 | 3.8% | -303 | -10.9% |

### 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 |
| --- | ---: |
| Property and casualty insurance | 89.1% |
| Internet service for pets | 3.1% |
| Animal Hospital Operations Business | 3.3% |
| Health Innovation Business | 0.8% |
| Other | 3.8% |

Segment → industry: Internet service for pets → Internet Services & Apps / Other → Pets / Health Innovation Business → Pets / Animal Hospital Operations Business → Pets / Internet service for pets → Pets / Property and casualty insurance → Pets

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 4,820 | 6.5% | S100YFY1 |
| Capital expenditure | 5,411 | 7.3% | S100YFY1 |
| Free cash flow | -591 | -0.8% | 算出 |
| Investing cash flow | -16,666 | -22.6% | S100YFY1 |
| Financing cash flow | -1,672 | -2.3% | S100YFY1 |
| Dividends paid | 635 | 0.9% | S100YFY1 |
| Share buyback | 1,016 | 1.4% | S100YFY1 |
| Change in cash | -13,518 | -18.3% | S100YFY1 |
| Cash and equivalents | 9,092 | 12.3% | S100YFY1 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行株式会社(信託口) | Major shareholder | 13.6% | 2026-03-31 |
| 株式会社日本カストディ銀行(信託口) | Major shareholder | 10.4% | 2026-03-31 |
| UHPartners２投資事業有限責任組合 | Major shareholder | 7.6% | 2026-03-31 |
| KOMORIアセットマネジメント株式会社 | Major shareholder | 6.3% | 2026-03-31 |
| UHPartners３投資事業有限責任組合 | Major shareholder | 5.5% | 2026-03-31 |
| 光通信KK投資事業有限責任組合 | Major shareholder | 3.8% | 2026-03-31 |
| CACEIS BANK，LUXEMBOURG BRANCH / AIF CLIENTS ASSETS(常任代理人 香港上海銀行東京支店) | Major shareholder | 3.3% | 2026-03-31 |
| THE BANK OF NEW YORK - JASDECTREATY ACCOUNT(常任代理人 株式会社みずほ銀行決済営業部) | Major shareholder | 3.0% | 2026-03-31 |
| ST.JAMES'S PLACE JAPAN UNIT TRUST(常任代理人 株式会社みずほ銀行決済営業部) | Major shareholder | 2.4% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505103(常任代理人 株式会社みずほ銀行決済営業部) | Major shareholder | 2.4% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第26期(2025/04/01－2026/03/31) | S100YFY1 | 2026-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YFY1,, |
| 有価証券報告書－第25期(2024/04/01－2025/03/31) | S100W0KC | 2025-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W0KC,, |
| 有価証券報告書－第24期(2023/04/01－2024/03/31) | S100TP4M | 2024-06-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TP4M,, |
| 有価証券報告書－第23期(2022/04/01－2023/03/31) | S100R13C | 2023-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R13C,, |
| 有価証券報告書－第22期(令和3年4月1日－令和4年3月31日) | S100ODE1 | 2022-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100ODE1,, |
| 有価証券報告書－第21期(令和2年4月1日－令和3年3月31日) | S100LIQ8 | 2021-06-15 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LIQ8,, |

## 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).