# Basic 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22期(2025/01/01－2025/12/31) (S100XVIQ)
> Page: https://vizora.meequs.com/en/company/basicinc
> Retrieved: 2026-09-30T20:55:05.721Z

## Company

Basic, founded in 2004, is a company in Software & SaaS listed on TSE Growth. It has 110 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Basic Inc. |
| Ticker | 519A |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/519A.T) |
| Listing | TSE Growth |
| Head office | 東京都千代田区一番町17番6号 |
| Representative (per filing) | 代表取締役 秋山 勝 |
| Founded | Mar 2004 |
| Share capital | ¥10M |
| Employees (consolidated) | 110 |
| Average salary (parent only) | ¥6.5M |
| Fiscal year end | December |
| Website | basicinc.jp (https://basicinc.jp/) |
| Corporate number | 6010001087006 |
| EDINET | E41486 |
| Industries (Vizora) | Software & SaaS |

> Profile source: annual securities report (S100XVIQ, filed 2026-03-30). As of filing

## Five-axis industry profile

Primary industry: Software & SaaS (2025-12-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 85.2 | 105 |
| Profitability | 46.6 | 145 |
| Cash conversion | 35.5 | 128 |
| Efficiency | 98.3 | 145 |

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)

- Basic brought in ¥2.28B in revenue.
- Out of every ¥100 of sales, about ¥12 is left as operating profit.
- Revenue changed +24.9% from the prior year, and it swung back to an operating profit.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥2.28B |  |
| Operating income | ¥270.5M | Margin 11.9% |
| Net income | ¥345M | Margin 15.2% |
| Free cash flow | — |  |
| Employees (consolidated) | 110 |  |
| EPS | ¥68.94 |  |
| Book value per share | ¥144.23 |  |
| Equity ratio | 62.0% |  |
| Shares outstanding | 5,003,895 |  |
| Shareholders | 30 |  |
| Average salary (parent only) | ¥6.5M | Filing company only |
| Cash ratio | 50.4% | Cash ÷ revenue 25.8% |
| Vs. industry median margin | -0.6 pp | Software & SaaS |
| ROE | 62.8% | Derived from disclosed figures |
| ROA | 31.3% | Derived from disclosed figures |

## Notable figures

- FY2025, cash is 50% of total assets

## What changed in 1 years

| Metric | FY ending Dec 2024 | FY ending Dec 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥1821522000 | ¥2275636000 | +24.9% |
| Operating income | ¥-184361000 | ¥270468000 | — |
| Operating margin | -10.1% | 11.9% | +22 pp |
| Employees | 108 people | 110 people | +1.9% |
| Cash and equivalents | ¥646552000 | ¥586515000 | -9.3% |

### Change in segment revenue mix

Span: FY ending Dec 2024 → FY ending Dec 2025. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 2,276 | 100.0% | S100XVIQ |
| Cost of revenue | 451 | 19.8% | S100XVIQ |
| Gross profit | 1,825 | 80.2% | S100XVIQ |
| SG&A | 1,554 | 68.3% | S100XVIQ |
| Operating income | 270 | 11.9% | S100XVIQ |
| Ordinary income | 265 | 11.6% | S100XVIQ |
| Pretax income | 265 | 11.6% | S100XVIQ |
| Income tax | -80 | -3.5% | S100XVIQ |
| Net income | 345 | 15.2% | S100XVIQ |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 20 |
| SG&A | 68 |
| Operating income | 12 |
| (Ref.) Net income | 15 |

### Margin funnel

Gross margin 80.2% → Operating margin 11.9% → Net margin 15.2%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Turned profitable
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 1,822 | 2,276 | 454 | +24.9% |
| Gross profit | 1,411 | 1,825 | 413 | +29.3% |
| Operating income | -184 | 270 | 455 | — |
| Operating cash flow | -258 | 233 | 490 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Dec 2024 | 1,822 | -184 | -10.1% | -163 | -258 | — | S100XVIQ |
| FY ending Dec 2025 | 2,276 | 270 | 11.9% | 345 | 233 | — | S100XVIQ |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥20.7M |
| Operating income per employee (consolidated) | ¥2.5M |
| Net income per employee (consolidated) | ¥3.1M |

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

| History | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: |
| Employees (consolidated) | 108 | 110 |
| Average salary (parent company) | — | ¥6.5M |
| Average age (parent company) | — | 33.3 years |
| Average tenure (parent company) | — | 4.9 years |

Year over year: Employees (consolidated) +1.9% · Revenue (consolidated) +24.9%

## 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 | 233 | 10.2% | S100XVIQ |
| Investing cash flow | -37 | -1.6% | S100XVIQ |
| Financing cash flow | -256 | -11.2% | S100XVIQ |
| Change in cash | -60 | -2.6% | S100XVIQ |
| Cash and equivalents | 587 | 25.8% | S100XVIQ |

## 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 2024 | FY ending Dec 2025 | Source |
| --- | ---: | ---: | ---: |
| Cash and equivalents | 647 | 587 | S100XVIQ |
| Total assets | 1,038 | 1,164 | S100XVIQ |
| Net assets | 377 | 722 | S100XVIQ |
| Share capital | 10 | 10 | S100XVIQ |
| Property, plant and equipment | 12 | 11 | S100XVIQ |
| Intangible assets excluding goodwill | 2 | 35 | S100XVIQ |
| Investment securities | 0 | 0 | S100XVIQ |
| Current assets | 913 | 912 | S100XVIQ |
| Current liabilities | 278 | 292 | S100XVIQ |
| Long-term borrowings | 378 | 144 | S100XVIQ |
| Total liabilities | 662 | 442 | S100XVIQ |
| Equity attributable to owners of parent | 377 | 722 | S100XVIQ |
| Retained earnings | -1,145 | 345 | S100XVIQ |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 50% | S100XVIQ |
| Property, plant and equipment | 1% | S100XVIQ |
| Intangibles and goodwill | 3% | S100XVIQ |
| Other assets | 46% | S100XVIQ |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 38% | S100XVIQ |
| Equity | 62% | S100XVIQ |
| Other liabilities | 0% | S100XVIQ |

### Balance sheet history

| Metric | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: |
| Total assets | 1,038 | 1,164 |
| Equity | 377 | 722 |
| Interest-bearing debt | — | — |
| Cash | 647 | 587 |

## 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) | 0.5% | S100XVIQ |
| Fixed assets ÷ total assets | 0.9% | S100XVIQ |
| Goodwill ÷ parent equity | — | —, S100XVIQ |

### 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) | 50.4% |
| Cash ÷ revenue | 25.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 86.0% |
| Cash vs. profit gap | -112 JPY mn (of net income -32.5%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | — |
| Investing CF relative to operating CF | 15.9% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2024 | — | —× | -15.7% | —× | — | S100XVIQ |
| 2025 | 15.2% | 2.07× | 31.3% | 2.00× | 62.8% | S100XVIQ |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 秋山 勝 | Major shareholder | 37.6% | 2025-12-31 |
| One Capital１号投資事業有限責任 組合 | Major shareholder | 8.5% | 2025-12-31 |
| 滝日 伴則 | Major shareholder | 7.5% | 2025-12-31 |
| 塚田 耕司 | Major shareholder | 7.5% | 2025-12-31 |
| 株式会社ＳＭＫ | Major shareholder | 7.5% | 2025-12-31 |
| トランス・コスモス株式会社 | Major shareholder | 7.0% | 2025-12-31 |
| i-nest１号投資事業有限責任組合 | Major shareholder | 5.3% | 2025-12-31 |
| 株式会社セプテーニ | Major shareholder | 4.6% | 2025-12-31 |
| One Capital DX１号投資事業有限 責任組合 | Major shareholder | 3.6% | 2025-12-31 |
| HAKUHODO DY FUTURE DESIGN FUND 投資事業有限責任組合 | Major shareholder | 1.5% | 2025-12-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第22期(2025/01/01－2025/12/31) | S100XVIQ | 2026-03-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XVIQ,, |

## 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).