# BCC Co.,Ltd.: business model and financials

> Latest period: FY ending Sep 2025, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第12期(2024/10/01－2025/09/30) (S100XC7N)
> Page: https://vizora.meequs.com/en/company/bcc
> Retrieved: 2026-09-30T22:22:22.277Z

## Company

BCC, founded in 2002, is a company in HR & Staffing listed on TSE Growth. It has 242 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | BCC Co.,Ltd. |
| Ticker | 7376 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7376.T) |
| Listing | TSE Growth |
| Head office | 大阪市中央区今橋二丁目5番8号 |
| Representative (per filing) | 代表取締役社長 伊藤 一彦 |
| Founded | Mar 2002 |
| Share capital | ¥173.5M |
| Employees (consolidated) | 242 |
| Average salary (parent only) | ¥3.5M |
| Fiscal year end | September |
| Website | www.e-bcc.jp (https://www.e-bcc.jp/) |
| Corporate number | 4120001181633 |
| EDINET | E36655 |
| Industries (Vizora) | HR & Staffing, Nursing Care |

> Profile source: annual securities report (S100XC7N, filed 2025-12-23). As of filing

## Five-axis industry profile

Primary industry: HR & Staffing (2025-09-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 30.1 | 68 |
| Profitability | 2.8 | 88 |
| Efficiency | 65.3 | 88 |

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 89% of BCC's sales come from IT sales outsourcing business, with Health care business making up much of the rest.
- It lost about ¥7 for every ¥100 of sales at the operating level.
- Revenue changed +5.9% from the prior year.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥1.47B |  |
| Operating income | -¥98M | Margin -6.7% |
| Net income | -¥73.7M | Margin -5.0% |
| Free cash flow | -¥108.6M |  |
| Largest business | IT sales outsourcing business | of segment revenue 88.7% |
| Employees (consolidated) | 242 |  |
| EPS | ¥-66.23 |  |
| Book value per share | ¥511.3 |  |
| Equity ratio | 55.8% |  |
| Shares outstanding | 1,119,740 |  |
| Treasury shares | 7,400 |  |
| Shareholders | 358 |  |
| Average salary (parent only) | ¥3.5M | Filing company only |
| Cash ratio | 58.8% | Cash ÷ revenue 40.8% |
| Vs. industry median margin | -15.3 pp | HR & Staffing |
| ROA | -7.6% | Derived from disclosed figures |

## Notable figures

- FY2025, one segment accounts for 100% of positive segment profit
- FY2025, cash is 59% of total assets

## What changed in 5 years

| Metric | FY ending Sep 2020 | FY ending Sep 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥1031042000 | ¥1467462000 | +42.3% |
| Operating income | ¥38427000 | ¥-98050000 | -355.2% |
| Operating margin | 3.7% | -6.7% | -10.4 pp |
| Employees | 162 people | 242 people | +49.4% |
| Cash and equivalents | ¥264358000 | ¥599155000 | +126.6% |

### 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.

| Flow | Revenue share |
| --- | ---: |
| IT営業アウトソーシング事業 → IT営業アウトソーシング事業 | 85.3% |
| ヘルスケアビジネス事業 → ヘルスケアビジネス事業 | 11.3% |
| ヘルスケアビジネス事業 → 事業再編・廃止 | 3.5% |
| 新設・再編 → IT営業アウトソーシング事業 | 3.5% |

Segment revenue source references: 4 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 1,467 | 100.0% | S100XC7N |
| Cost of revenue | 923 | 62.9% | S100XC7N |
| Gross profit | 544 | 37.1% | S100XC7N |
| SG&A | 642 | 43.8% | S100XC7N |
| Operating income | -98 | -6.7% | S100XC7N |
| Ordinary income | -92 | -6.3% | S100XC7N |
| Pretax income | -104 | -7.1% | S100XC7N |
| Income tax | -30 | -2.1% | S100XC7N |
| Net income | -74 | -5.0% | S100XC7N |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 63 |
| SG&A | 44 |
| Operating income | -7 |
| (Ref.) Net income | -5 |

### Margin funnel

Gross margin 37.1% → Operating margin -6.7% → Net margin -5.0%
Derived from reported figures (DERIVED).

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 1,385 | 1,467 | 82 | +5.9% |
| Gross profit | 533 | 544 | 11 | +2.1% |
| Operating income | -18 | -98 | -80 | — |
| Operating cash flow | -36 | -94 | -58 | — |
| Free cash flow | -46 | -109 | -63 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Sep 2020 | 1,031 | 38 | 3.7% | 31 | 62 | 51 | S100N431 |
| FY ending Sep 2021 | 1,124 | 130 | 11.6% | 76 | 135 | 133 | S100PUJL |
| FY ending Sep 2022 | 1,142 | 48 | 4.2% | 32 | -1 | -6 | S100SHQS |
| FY ending Sep 2023 | 1,280 | 67 | 5.3% | 45 | 88 | 57 | S100UZZK |
| FY ending Sep 2024 | 1,385 | -18 | -1.3% | -6 | -36 | -46 | S100XC7N |
| FY ending Sep 2025 | 1,467 | -98 | -6.7% | -74 | -94 | -109 | S100XC7N |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥6.1M |
| Operating income per employee (consolidated) | -¥405.2K |
| Net income per employee (consolidated) | -¥304.4K |

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) | 173 | 191 | 200 | 232 | 242 |
| Average salary (parent company) | ¥3.7M | ¥3.6M | ¥3.6M | ¥3.5M | ¥3.5M |
| Average age (parent company) | 31.9 years | 31.1 years | 31.5 years | 31.1 years | 31.1 years |
| Average tenure (parent company) | 4.1 years | 3.8 years | 4.1 years | 4.1 years | 4.1 years |

Year over year: Employees (consolidated) +4.3% · Revenue (consolidated) +5.9%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| IT sales outsourcing business | 1,294 | 88.7% | 190 | 14.7% |
| Health care business | 164 | 11.3% | -8 | -5.0% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| IT sales outsourcing business | 88.7% | 100.0% | 11.3 | 14.7% |
| Health care business | 11.3% | — | — | -5.0% |

Loss-making segment (excluded from profit shares): Health care business -8 JPY mn

Segment → industry: IT sales outsourcing business → HR & Staffing / Health care business → Nursing Care

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -94 | -6.4% | S100XC7N |
| Capital expenditure | 14 | 1.0% | S100XC7N |
| Free cash flow | -109 | -7.4% | 算出 |
| Investing cash flow | -56 | -3.8% | S100XC7N |
| Financing cash flow | 172 | 11.7% | S100XC7N |
| Share buyback | 0 | 0.0% | S100XC7N |
| Change in cash | 22 | 1.5% | S100XC7N |
| Cash and equivalents | 599 | 40.8% | S100XC7N |

## 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 | 615 | 597 | 643 | 577 | 599 | S100SHQS, S100UZZK, S100XC7N |
| Total assets | 813 | 830 | 915 | 909 | 1,019 | S100PUJL, S100SHQS, S100UZZK, S100XC7N |
| Net assets | 575 | 613 | 647 | 642 | 569 | S100SHQS, S100UZZK, S100XC7N |
| Share capital | 169 | 172 | 174 | 174 | 174 | S100PUJL, S100SHQS, S100UZZK, S100XC7N |
| Property, plant and equipment | 9 | 8 | 29 | 32 | 33 | S100PUJL, S100SHQS, S100UZZK, S100XC7N |
| Intangible assets excluding goodwill | 3 | 2 | 1 | 0 | 13 | S100PUJL, S100SHQS, S100UZZK, S100XC7N |
| Goodwill | — | — | — | — | 8 | S100XC7N |
| Investment securities | — | 19 | 28 | 32 | 41 | S100SHQS, S100UZZK, S100XC7N |
| Current assets | 747 | 757 | 807 | 790 | 844 | S100PUJL, S100SHQS, S100UZZK, S100XC7N |
| Current liabilities | 228 | 201 | 238 | 248 | 288 | S100PUJL, S100SHQS, S100UZZK, S100XC7N |
| Short-term borrowings | — | — | — | 10 | — | S100XC7N |
| Long-term borrowings | 10 | 16 | 30 | 20 | 162 | S100PUJL, S100SHQS, S100UZZK, S100XC7N |
| Total liabilities | 238 | 217 | 268 | 268 | 450 | S100PUJL, S100SHQS, S100UZZK, S100XC7N |
| Equity attributable to owners of parent | 575 | 613 | 647 | 642 | 569 | S100PUJL, S100SHQS, S100UZZK, S100XC7N |
| Retained earnings | 30 | 62 | 107 | 101 | 28 | S100PUJL, S100SHQS, S100UZZK, S100XC7N |
| Treasury stock | — | -0 | -14 | -14 | -13 | S100SHQS, S100UZZK, S100XC7N |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 59% | S100XC7N |
| Property, plant and equipment | 3% | S100XC7N |
| Intangibles and goodwill | 2% | S100XC7N |
| Investment securities | 4% | S100XC7N |
| Other assets | 32% | S100XC7N |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 44% | S100XC7N |
| Equity | 56% | S100XC7N |

### 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 | 813 | 830 | 915 | 909 | 1,019 |
| Equity | 575 | 613 | 647 | 642 | 569 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 615 | 597 | 643 | 577 | 599 |

## 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) | 2.3% | S100XC7N |
| Fixed assets ÷ total assets | 3.3% | S100XC7N |
| Goodwill ÷ parent equity | 1.5% | S100XC7N |

### 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) | 58.8% |
| Cash ÷ revenue | 40.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | -21 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 1.0% |
| 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2021 | 6.8% | 1.38× | 9.4% | 1.41× | 13.2% | S100PUJL |
| 2022 | 2.8% | 1.39× | 3.9% | 1.38× | 5.4% | S100SHQS |
| 2023 | 3.5% | 1.47× | 5.2% | 1.38× | 7.2% | S100UZZK |
| 2024 | — | —× | -0.6% | —× | — | S100XC7N |
| 2025 | — | —× | -7.6% | —× | — | S100XC7N |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 伊藤一彦 | Major shareholder | 24.3% | 2025-09-30 |
| 日本証券金融株式会社 | Major shareholder | 6.5% | 2025-09-30 |
| 山上 豊 | Major shareholder | 5.9% | 2025-09-30 |
| プラス株式会社 | Major shareholder | 5.4% | 2025-09-30 |
| ＢＣＣ社員持株会 | Major shareholder | 5.1% | 2025-09-30 |
| 伊藤貴子 | Major shareholder | 4.9% | 2025-09-30 |
| 楽天証券株式会社 | Major shareholder | 3.6% | 2025-09-30 |
| 株式会社ＳＢＩ証券 | Major shareholder | 3.6% | 2025-09-30 |
| 岡林靖朗 | Major shareholder | 2.8% | 2025-09-30 |
| 有限会社ＫＩＴ | Major shareholder | 2.7% | 2025-09-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第12期(2024/10/01－2025/09/30) | S100XC7N | 2025-12-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XC7N,, |
| 有価証券報告書－第11期(2023/10/01－2024/09/30) | S100UZZK | 2024-12-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UZZK,, |
| 有価証券報告書－第10期(2022/10/01－2023/09/30) | S100SHQS | 2023-12-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100SHQS,, |
| 有価証券報告書－第9期(令和3年10月1日－令和4年9月30日) | S100PUJL | 2022-12-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PUJL,, |
| 有価証券報告書－第8期(令和2年10月1日－令和3年9月30日) | S100N431 | 2021-12-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100N431,, |

## 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).