# Artiza Networks, Inc.: business model and financials

> Latest period: FY ending Jul 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第35期(2024/08/01－2025/07/31) (S100WW7U)
> Page: https://vizora.meequs.com/en/company/artiza-networks
> Retrieved: 2026-09-30T18:27:02.318Z

## Company

Artiza Networks, founded in 1990, is a company in Smartphones & Communications Equipment listed on TSE Standard. It has 161 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Artiza Networks, Inc. |
| Ticker | 6778 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6778.T) |
| Listing | TSE Standard |
| Head office | 東京都立川市曙町二丁目36番2号 |
| Representative (per filing) | 代表取締役社長執行役員 床次 直之 |
| Founded | Dec 1990 |
| Share capital | ¥1.36B |
| Employees (consolidated) | 161 |
| Average salary (parent only) | ¥6.7M |
| Fiscal year end | July |
| Website | www.artiza.co.jp (https://www.artiza.co.jp/) |
| Corporate number | 2012801000217 |
| EDINET | E02342 |
| Industries (Vizora) | Smartphones & Communications Equipment, IT Services & System Integration |

> Profile source: annual securities report (S100WW7U, filed 2025-10-23). As of filing

## Five-axis industry profile

Primary industry: Smartphones & Communications Equipment (2025-07-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 5 | 10 |
| Profitability | 20.8 | 12 |
| Cash conversion | 86.4 | 11 |
| Efficiency | 4.2 | 12 |

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 53% of Artiza Networks's sales come from Product sales, with Service making up much of the rest.
- Out of every ¥100 of sales, about ¥4 is left as operating profit.
- Revenue changed -4.9% from the prior year, operating profit +256.5%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥2.68B |  |
| Operating income | ¥116.1M | Margin 4.3% |
| Net income | ¥133.1M | Margin 5.0% |
| Free cash flow | — |  |
| Largest business | Product sales | of segment revenue 53.2% |
| Employees (consolidated) | 161 |  |
| EPS | ¥13.2 |  |
| Book value per share | ¥743.44 |  |
| Equity ratio | 78.1% |  |
| Shares outstanding | 9,562,000 |  |
| Treasury shares | 782,400 |  |
| Shareholders | 6,230 |  |
| Average salary (parent only) | ¥6.7M | Filing company only |
| Cash ratio | 25.3% | Net cash ¥967.2M · Cash ÷ revenue 79.3% |
| Vs. industry median margin | -1 pp | Smartphones & Communications Equipment |
| ROE | 1.9% | Derived from disclosed figures |
| ROA | 1.5% | Derived from disclosed figures |

## Notable figures

- FY2025, operating cash flow is 3.0× net income
- FY2025, employees -7% while operating income rose 257%
- FY2025, buybacks were 1.1× dividends

## What changed in 5 years

| Metric | FY ending Jul 2020 | FY ending Jul 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥3231616000 | ¥2680911000 | -17.0% |
| Operating income | ¥438645000 | ¥116062000 | -73.5% |
| Operating margin | 13.6% | 4.3% | -9.2 pp |
| Employees | 142 people | 161 people | +13.4% |
| Cash and equivalents | ¥2898958000 | ¥2126175000 | -26.7% |

### Change in segment revenue mix

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

| Flow | Revenue share |
| --- | ---: |
| モバイルネットワークソリューション → 事業再編・廃止 | 83.4% |
| ＩＰネットワークソリューション → 事業再編・廃止 | 16.6% |
| 新設・再編 → 物販 | 53.2% |
| 新設・再編 → サービス | 46.8% |

Segment revenue source references: 4 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 2,681 | 100.0% | S100WW7U |
| Cost of revenue | 1,024 | 38.2% | S100WW7U |
| Gross profit | 1,657 | 61.8% | S100WW7U |
| SG&A | 1,541 | 57.5% | S100WW7U |
| Operating income | 116 | 4.3% | S100WW7U |
| Ordinary income | 247 | 9.2% | S100WW7U |
| Pretax income | 216 | 8.1% | S100WW7U |
| Income tax | 83 | 3.1% | S100WW7U |
| Net income | 133 | 5.0% | S100WW7U |
| Net income attributable to owners | 133 | 5.0% | S100WW7U |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 38 |
| SG&A | 58 |
| Operating income | 4 |
| (Ref.) Net income | 5 |

### Margin funnel

Gross margin 61.8% → Operating margin 4.3% → Net margin 5.0%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue down, profit up
Revenue growth: -4.9%; Core profit growth: +256.5%
Operating leverage (core profit growth ÷ revenue growth): -52.14×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 2,820 | 2,681 | -139 | -4.9% |
| Gross profit | 1,662 | 1,657 | -6 | -0.3% |
| Operating income | 33 | 116 | 84 | +256.5% |
| Net income attributable to owners | -143 | 133 | 276 | — |
| Operating cash flow | 227 | 399 | 172 | +75.9% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jul 2019 | 2,630 | 74 | 2.8% | 118 | 57 | -203 | S100JZKF |
| FY ending Jul 2020 | 3,232 | 439 | 13.6% | 439 | 633 | 460 | S100MO8P |
| FY ending Jul 2021 | 4,051 | 836 | 20.6% | 793 | 1,873 | 1,255 | S100PF4R |
| FY ending Jul 2022 | 4,543 | 1,462 | 32.2% | 1,097 | 827 | 689 | S100S3FZ |
| FY ending Jul 2023 | 4,113 | 398 | 9.7% | 119 | 233 | 130 | S100UKVD |
| FY ending Jul 2024 | 2,820 | 33 | 1.2% | -143 | 227 | 208 | S100WW7U |
| FY ending Jul 2025 | 2,681 | 116 | 4.3% | 133 | 399 | — | S100WW7U |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥16.7M |
| Operating income per employee (consolidated) | ¥720.9K |
| Net income per employee (consolidated) | ¥826.4K |

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

| History | FY ending Jul 2021 | FY ending Jul 2022 | FY ending Jul 2023 | FY ending Jul 2024 | FY ending Jul 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 155 | 189 | 179 | 173 | 161 |
| Average salary (parent company) | ¥6.2M | ¥6M | ¥5.8M | ¥5.6M | ¥6.7M |
| Average age (parent company) | 36.3 years | 36.8 years | 36.8 years | 38.4 years | 39.6 years |
| Average tenure (parent company) | 6.3 years | 6.5 years | 6.1 years | 6.7 years | 8.2 years |

Year over year: Employees (consolidated) -6.9% · Revenue (consolidated) -4.9%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Product sales | 1,426 | 53.2% | -255 | -17.9% |
| Service | 1,255 | 46.8% | 371 | 29.6% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Product sales | 53.2% | — | — | -17.9% |
| Service | 46.8% | 100.0% | 53.2 | 29.6% |

Loss-making segment (excluded from profit shares): Product sales -255 JPY mn

Segment → industry: Service → Smartphones & Communications Equipment / Product sales → Smartphones & Communications Equipment / Service → IT Services & System Integration

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 399 | 14.9% | S100WW7U |
| Investing cash flow | -4,133 | -154.2% | S100WW7U |
| Financing cash flow | -594 | -22.2% | S100WW7U |
| Dividends paid | 182 | 6.8% | S100WW7U |
| Share buyback | 196 | 7.3% | S100WW7U |
| Change in cash | -4,329 | -161.5% | S100WW7U |
| Cash and equivalents | 2,126 | 79.3% | S100WW7U |

## 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 Jul 2021 | FY ending Jul 2022 | FY ending Jul 2023 | FY ending Jul 2024 | FY ending Jul 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 6,242 | 6,744 | 6,820 | 6,455 | 2,126 | S100S3FZ, S100UKVD, S100WW7U |
| Total assets | 8,979 | 10,504 | 9,732 | 8,925 | 8,400 | S100PF4R, S100S3FZ, S100UKVD, S100WW7U |
| Net assets | 6,623 | 7,617 | 7,410 | 6,990 | 6,561 | S100S3FZ, S100UKVD, S100WW7U |
| Share capital | 1,359 | 1,359 | 1,359 | 1,359 | 1,359 | S100PF4R, S100S3FZ, S100UKVD, S100WW7U |
| Trade receivables | 615 | — | — | — | — | S100PF4R |
| Property, plant and equipment | 919 | 863 | 804 | 696 | 606 | S100PF4R, S100S3FZ, S100UKVD, S100WW7U |
| Intangible assets excluding goodwill | 70 | 128 | 22 | 11 | 1 | S100PF4R, S100S3FZ, S100UKVD, S100WW7U |
| Goodwill | — | 81 | — | — | — | S100S3FZ |
| Investment securities | 281 | 318 | 126 | 190 | 3,556 | S100PF4R, S100S3FZ, S100UKVD, S100WW7U |
| Current assets | 7,289 | 8,605 | 8,254 | 7,688 | 3,936 | S100PF4R, S100S3FZ, S100UKVD, S100WW7U |
| Current liabilities | 1,845 | 2,354 | 1,712 | 1,547 | 1,599 | S100PF4R, S100S3FZ, S100UKVD, S100WW7U |
| Trade payables | 182 | 255 | 107 | — | — | S100PF4R, S100S3FZ |
| Short-term borrowings | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | S100PF4R, S100S3FZ, S100UKVD, S100WW7U |
| Long-term borrowings | 477 | 465 | 274 | 129 | 54 | S100PF4R, S100S3FZ, S100UKVD, S100WW7U |
| Bonds | — | — | 225 | 165 | 105 | S100UKVD, S100WW7U |
| Interest-bearing debt | — | — | 1,499 | 1,294 | 1,159 | 算出 |
| Total liabilities | 2,356 | 2,887 | 2,322 | 1,935 | 1,839 | S100PF4R, S100S3FZ, S100UKVD, S100WW7U |
| Equity attributable to owners of parent | 6,653 | 7,612 | 7,407 | 6,990 | 6,744 | S100PF4R, S100S3FZ, S100UKVD, S100WW7U |
| Retained earnings | 2,264 | 3,223 | 3,157 | 2,740 | 2,690 | S100PF4R, S100S3FZ, S100UKVD, S100WW7U |
| Treasury stock | -99 | -99 | -237 | -237 | -434 | S100PF4R, S100S3FZ, S100UKVD, S100WW7U |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 25% | S100WW7U |
| Property, plant and equipment | 7% | S100WW7U |
| Intangibles and goodwill | 0% | S100WW7U |
| Investment securities | 43% | S100WW7U |
| Other assets | 25% | S100WW7U |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Interest-bearing debt | 14% | 算出 |
| Other liabilities | 8% | S100WW7U |
| Equity | 78% | S100WW7U |
| Other liabilities | 0% | S100WW7U |

### Balance sheet history

| Metric | FY ending Jul 2021 | FY ending Jul 2022 | FY ending Jul 2023 | FY ending Jul 2024 | FY ending Jul 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 8,979 | 10,504 | 9,732 | 8,925 | 8,400 |
| Equity | 6,623 | 7,617 | 7,410 | 6,990 | 6,561 |
| Interest-bearing debt | — | — | 1,499 | 1,294 | 1,159 |
| Cash | 6,242 | 6,744 | 6,820 | 6,455 | 2,126 |

## 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) | 22.6% | S100WW7U |
| Fixed assets ÷ total assets | 7.2% | S100WW7U |
| Goodwill ÷ parent equity | — | —, S100WW7U |

### 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) | 25.3% |
| Cash ÷ revenue | 79.3% |
| Net cash (cash − interest-bearing debt) | ¥967.2M |
| Net debt ÷ operating cash flow | -2.42× |
| Cash conversion (operating CF ÷ operating income) | 343.6% |
| Cash vs. profit gap | 266 JPY mn (of net income 199.8%) |
| Shareholder returns / net income | 284.8% |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 137.2% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | — |
| Investing CF relative to operating CF | 1036.3% |

## 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 | 19.6% | 0.45× | 8.8% | 1.35× | 11.9% | S100PF4R |
| 2022 | 24.1% | 0.47× | 11.3% | 1.37× | 15.4% | S100S3FZ |
| 2023 | 2.9% | 0.41× | 1.2% | 1.35× | 1.6% | S100UKVD |
| 2024 | — | —× | -1.5% | —× | — | S100WW7U |
| 2025 | 5.0% | 0.31× | 1.5% | 1.26× | 1.9% | S100WW7U |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 床次 隆志 | Major shareholder | 20.0% | 2025-07-31 |
| 有限会社エス・エイチ・マネジメント | Major shareholder | 9.1% | 2025-07-31 |
| 東 政光 | Major shareholder | 1.5% | 2025-07-31 |
| 楽天証券株式会社 | Major shareholder | 1.4% | 2025-07-31 |
| THE BANK OF NEW YORK MELLON 140040 (常任代理人 株式会社みずほ銀行決済営業部) | Major shareholder | 1.4% | 2025-07-31 |
| JPモルガン証券株式会社 | Major shareholder | 1.1% | 2025-07-31 |
| 床次 直之 | Major shareholder | 1.1% | 2025-07-31 |
| THE BANK OF NEW YORK MELLON 140042 (常任代理人 株式会社みずほ銀行決済営業部) | Major shareholder | 0.8% | 2025-07-31 |
| 呉 志英 | Major shareholder | 0.8% | 2025-07-31 |
| 伊藤 和義 | Major shareholder | 0.6% | 2025-07-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第35期(2024/08/01－2025/07/31) | S100WW7U | 2025-10-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WW7U,, |
| 有価証券報告書－第34期(2023/08/01－2024/07/31) | S100UKVD | 2024-10-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UKVD,, |
| 有価証券報告書－第33期(2022/08/01－2023/07/31) | S100S3FZ | 2023-10-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100S3FZ,, |
| 有価証券報告書－第32期(令和3年8月1日－令和4年7月31日) | S100PF4R | 2022-10-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PF4R,, |
| 有価証券報告書－第31期(令和2年8月1日－令和3年7月31日) | S100MO8P | 2021-10-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MO8P,, |
| 有価証券報告書－第30期(令和1年8月1日－令和2年7月31日) | S100JZKF | 2020-10-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100JZKF,, |

## 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).