# Anshin Guarantor Service Co.,Ltd.: business model and financials

> Latest period: FY ending Mar 2026, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第24期(2025/04/01－2026/03/31) (S100YCZS)
> Page: https://vizora.meequs.com/en/company/anshin-guarantor-service
> Retrieved: 2026-09-30T21:44:00.189Z

## Company

Anshin Guarantor Service, founded in 2002, is a company in Credit Cards & Consumer Credit listed on TSE Standard. It has 135 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Anshin Guarantor Service Co.,Ltd. |
| Ticker | 7183 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7183.T) |
| Listing | TSE Standard |
| Head office | 東京都品川区東品川四丁目12番4号 |
| Representative (per filing) | 代表取締役社長 伊藤 義英 |
| Founded | Dec 2002 |
| Share capital | ¥680.9M |
| Employees (consolidated) | 135 |
| Average salary (parent only) | ¥4.9M |
| Fiscal year end | March |
| Website | www.anshin-gs.co.jp (https://www.anshin-gs.co.jp/) |
| Corporate number | 9010401049214 |
| EDINET | E31905 |
| Industries (Vizora) | Credit Cards & Consumer Credit |

> Profile source: annual securities report (S100YCZS, filed 2026-06-18). As of filing

## Key points (generated from figures)

- Anshin Guarantor Service brought in ¥6.16B in revenue.
- Out of every ¥100 of sales, about ¥4 is left as operating profit.
- Revenue changed +14.6% from the prior year, operating profit +344.9%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥6.16B |  |
| Operating income | ¥259M | Margin 4.2% |
| Net income | ¥292M | Margin 4.7% |
| Free cash flow | -¥114.7M |  |
| Employees (consolidated) | 135 |  |
| EPS | ¥16.81 |  |
| Book value per share | ¥149.53 |  |
| Equity ratio | 17.5% |  |
| Shares outstanding | 17,976,600 |  |
| Treasury shares | 605,200 |  |
| Shareholders | 3,063 |  |
| Average salary (parent only) | ¥4.9M | Filing company only |
| Cash ratio | 6.2% | Cash ÷ revenue 14.8% |
| Vs. industry median margin | -13.9 pp | Credit Cards & Consumer Credit |
| ROE | 11.8% | Derived from disclosed figures |
| ROA | 2.1% | Derived from disclosed figures |

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥3946730000 | ¥6162390000 | +56.1% |
| Operating income | ¥672600000 | ¥258997000 | -61.5% |
| Operating margin | 17.0% | 4.2% | -12.8 pp |
| Employees | 112 people | 135 people | +20.5% |
| Cash and equivalents | ¥1220778000 | ¥910462000 | -25.4% |

### 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.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 6,162 | 100.0% | S100YCZS |
| Operating income | 259 | 4.2% | S100YCZS |
| Ordinary income | 415 | 6.7% | S100YCZS |
| Pretax income | 404 | 6.6% | S100YCZS |
| Income tax | 112 | 1.8% | S100YCZS |
| Net income | 292 | 4.7% | S100YCZS |

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

| Part | JPY |
| --- | ---: |
| Operating expenses | 96 |
| Operating income | 4 |
| (Ref.) Net income | 5 |

### Margin funnel

Operating margin 4.2% → Net margin 4.7%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +14.6%; Core profit growth: +344.9%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 23.58×
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 | 5,376 | 6,162 | 786 | +14.6% |
| Operating income | 58 | 259 | 201 | +344.9% |
| Operating cash flow | -243 | -61 | 182 | — |
| Free cash flow | -328 | -115 | 213 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 3,542 | 383 | 10.8% | 300 | 1,052 | 961 | S100LL2K |
| FY ending Mar 2021 | 3,947 | 673 | 17.0% | 542 | 398 | 365 | S100OMEL |
| FY ending Mar 2022 | 4,130 | 458 | 11.1% | 401 | 170 | 89 | S100QZ7X |
| FY ending Mar 2023 | 4,498 | 571 | 12.7% | 472 | 186 | 135 | S100TPL5 |
| FY ending Mar 2024 | 4,842 | 439 | 9.1% | 374 | -30 | -81 | S100VZF1 |
| FY ending Mar 2025 | 5,376 | 58 | 1.1% | 90 | -243 | -328 | S100YCZS |
| FY ending Mar 2026 | 6,162 | 259 | 4.2% | 292 | -61 | -115 | S100YCZS |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥45.6M |
| Operating income per employee (consolidated) | ¥1.9M |
| 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) | 117 | 126 | 131 | 134 | 135 |
| Average salary (parent company) | ¥4.7M | ¥4.5M | ¥4.7M | ¥4.9M | ¥4.9M |
| Average age (parent company) | 34.7 years | 34.3 years | 34.5 years | 34.8 years | 34.8 years |
| Average tenure (parent company) | 5.5 years | 5.2 years | 5.7 years | 6.1 years | 6.4 years |

Year over year: Employees (consolidated) +0.7% · Revenue (consolidated) +14.6%

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -61 | -1.0% | S100YCZS |
| Capital expenditure | 54 | 0.9% | S100YCZS |
| Free cash flow | -115 | -1.9% | 算出 |
| Investing cash flow | -56 | -0.9% | S100YCZS |
| Financing cash flow | 98 | 1.6% | S100YCZS |
| Dividends paid | 52 | 0.8% | S100YCZS |
| Share buyback | 0 | 0.0% | S100YCZS |
| Change in cash | -19 | -0.3% | S100YCZS |
| Cash and equivalents | 910 | 14.8% | S100YCZS |

## 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 Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 1,281 | 1,362 | 1,212 | 929 | 910 | S100TPL5, S100VZF1, S100YCZS |
| Total assets | 8,066 | 9,474 | 11,113 | 12,857 | 14,804 | S100QZ7X, S100TPL5, S100VZF1, S100YCZS |
| Net assets | 1,749 | 2,166 | 2,324 | 2,361 | 2,601 | S100TPL5, S100VZF1, S100YCZS |
| Share capital | 681 | 681 | 681 | 681 | 681 | S100QZ7X, S100TPL5, S100VZF1, S100YCZS |
| Property, plant and equipment | 50 | 47 | 69 | 59 | 41 | S100QZ7X, S100TPL5, S100VZF1, S100YCZS |
| Intangible assets excluding goodwill | 194 | 155 | 130 | 140 | 133 | S100QZ7X, S100TPL5, S100VZF1, S100YCZS |
| Investment securities | 0 | 0 | 1 | 1 | 1 | S100QZ7X, S100TPL5, S100VZF1, S100YCZS |
| Current assets | 6,874 | 8,310 | 9,865 | 11,437 | 13,284 | S100QZ7X, S100TPL5, S100VZF1, S100YCZS |
| Current liabilities | 6,312 | 7,303 | 8,783 | 10,496 | 12,203 | S100QZ7X, S100TPL5, S100VZF1, S100YCZS |
| Short-term borrowings | 350 | 350 | 500 | 600 | 750 | S100QZ7X, S100TPL5, S100VZF1, S100YCZS |
| Total liabilities | 6,317 | 7,309 | 8,788 | 10,496 | 12,203 | S100QZ7X, S100TPL5, S100VZF1, S100YCZS |
| Equity attributable to owners of parent | 1,744 | 2,161 | 2,320 | 2,358 | 2,597 | S100QZ7X, S100TPL5, S100VZF1, S100YCZS |
| Retained earnings | 627 | 1,044 | 1,364 | 1,402 | 1,641 | S100QZ7X, S100TPL5, S100VZF1, S100YCZS |
| Treasury stock | -0 | -0 | -161 | -161 | -161 | S100QZ7X, S100TPL5, S100VZF1, S100YCZS |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 6% | S100YCZS |
| Property, plant and equipment | 0% | S100YCZS |
| Intangibles and goodwill | 1% | S100YCZS |
| Investment securities | 0% | S100YCZS |
| Other assets | 93% | S100YCZS |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 82% | S100YCZS |
| Equity | 18% | S100YCZS |
| Other liabilities | 0% | S100YCZS |

### Balance sheet history

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 8,066 | 9,474 | 11,113 | 12,857 | 14,804 |
| Equity | 1,749 | 2,166 | 2,324 | 2,361 | 2,601 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 1,281 | 1,362 | 1,212 | 929 | 910 |

## 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) | 0.7% | S100YCZS |
| Fixed assets ÷ total assets | 0.3% | S100YCZS |
| Goodwill ÷ parent equity | — | —, S100YCZS |

### 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) | 6.2% |
| Cash ÷ revenue | 14.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | -23.6% |
| Cash vs. profit gap | -353 JPY mn (of net income -120.9%) |
| Shareholder returns / net income | 17.9% |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 17.9% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 0.9% |
| 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 | 9.7% | 0.51× | 5.0% | 4.63× | 23.0% | S100QZ7X |
| 2023 | 10.5% | 0.51× | 5.4% | 4.49× | 24.2% | S100TPL5 |
| 2024 | 7.7% | 0.47× | 3.6% | 4.59× | 16.7% | S100VZF1 |
| 2025 | 1.7% | 0.45× | 0.7% | 5.12× | 3.8% | S100YCZS |
| 2026 | 4.7% | 0.45× | 2.1% | 5.58× | 11.8% | S100YCZS |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| アイフル株式会社 | Major shareholder | 36.9% | 2026-03-31 |
| 雨坂 甲 | Major shareholder | 10.9% | 2026-03-31 |
| 小川 秀男 | Major shareholder | 3.1% | 2026-03-31 |
| 高橋 誠一 | Major shareholder | 2.7% | 2026-03-31 |
| 正岡 重信 | Major shareholder | 2.4% | 2026-03-31 |
| AGキャピタル株式会社 | Major shareholder | 2.2% | 2026-03-31 |
| 政岡土地株式会社 | Major shareholder | 1.8% | 2026-03-31 |
| 上田八木短資株式会社 | Major shareholder | 1.7% | 2026-03-31 |
| 吉永 和仁 | Major shareholder | 1.3% | 2026-03-31 |
| 谷村 豊 | Major shareholder | 1.2% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第24期(2025/04/01－2026/03/31) | S100YCZS | 2026-06-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YCZS,, |
| 有価証券報告書－第23期(2024/04/01－2025/03/31) | S100VZF1 | 2025-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VZF1,, |
| 有価証券報告書－第22期(2023/04/01－2024/03/31) | S100TPL5 | 2024-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TPL5,, |
| 有価証券報告書－第21期(2022/04/01－2023/03/31) | S100QZ7X | 2023-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QZ7X,, |
| 訂正有価証券報告書－第20期(令和3年4月1日－令和4年3月31日) | S100OMEL | 2022-07-01 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OMEL,, |
| 有価証券報告書－第19期(令和2年4月1日－令和3年3月31日) | S100LL2K | 2021-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LL2K,, |

## 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).