# Broadmedia Corporation: 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30期(2025/04/01－2026/03/31) (S100YK4A)
> Page: https://vizora.meequs.com/en/company/broadmedia
> Retrieved: 2026-09-30T20:18:15.888Z

## Company

Broadmedia, founded in 1996, is a company in Education listed on TSE Standard. It has 716 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Broadmedia Corporation |
| Ticker | 4347 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/4347.T) |
| Listing | TSE Standard |
| Head office | 東京都港区赤坂八丁目4番14号 |
| Representative (per filing) | 代表取締役社長 橋本太郎 |
| Founded | Sep 1996 |
| Share capital | ¥600M |
| Employees (consolidated) | 716 |
| Average salary (parent only) | ¥5.1M |
| Fiscal year end | March |
| Website | www.broadmedia.co.jp (https://www.broadmedia.co.jp/) |
| Corporate number | 2010401054419 |
| EDINET | E05269 |
| Industries (Vizora) | Education, Film & Anime, Broadcasting & Newspapers, Streaming, Cloud & Data Centers, Cybersecurity |

> Profile source: annual securities report (S100YK4A, filed 2026-06-25). As of filing

## Five-axis industry profile

Primary industry: Cybersecurity (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 27.5 | 20 |
| Profitability | 25.9 | 29 |
| Cash conversion | 27.8 | 27 |
| Efficiency | 84.5 | 29 |

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 40% of Broadmedia's sales come from Technology Services, with Education and Broadcast making up much of the rest.
- Out of every ¥100 of sales, about ¥7 is left as operating profit.
- Revenue changed +1.7% from the prior year, operating profit +50.4%.

## Company structure

- Segment revenue mix: Technology Services 39.5%、Education 34.6%、Broadcast 14.2%、studio and production 10.2%、Other Segement 1.5%
- Revenue → net income: ¥15794518000 → ¥819814000
- Net income → operating cash flow: ¥819814000 → ¥688487000（difference ¥-131327000）
- Main uses of operating cash flow: CapEx ¥195413000 / dividends ¥355031000 / buybacks ¥1067000
- Change in cash: ¥-776199000
Segment shares use total reported segment revenue, which may include inter-segment sales. The cash bridge is operating cash flow minus net income and combines non-cash items and working-capital effects.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥15.8B |  |
| Operating income | ¥1.06B | Margin 6.7% |
| Net income | ¥782.1M | Margin 5.0% |
| Free cash flow | ¥493.1M |  |
| Largest business | Technology Services | of segment revenue 39.5% |
| Employees (consolidated) | 716 |  |
| EPS | ¥237.42 |  |
| Book value per share | ¥793.38 |  |
| Equity ratio | 51.9% |  |
| Shares outstanding | 7,500,000 |  |
| Treasury shares | 372,800 |  |
| Shareholders | 2,723 |  |
| Average salary (parent only) | ¥5.1M | Filing company only |
| Cash ratio | 49.6% | Cash ÷ revenue 30.7% |
| Vs. industry median margin | +1.4 pp | Cloud & Data Centers |
| ROE | 16.2% | Derived from disclosed figures |
| ROA | 7.4% | Derived from disclosed figures |

## Notable figures

- FY2026, employees -4% while operating income rose 50%
- FY2026, cash is 50% of total assets

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥10991126000 | ¥15794518000 | +43.7% |
| Operating income | ¥478831000 | ¥1063123000 | +122.0% |
| Operating margin | 4.4% | 6.7% | +2.4 pp |
| Employees | 439 people | 716 people | +63.1% |
| Cash and equivalents | ¥3368262000 | ¥4844872000 | +43.8% |

### 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 |
| --- | ---: |
| 教育 → 教育 | 20.9% |
| スタジオ・コンテンツ → 事業再編・廃止 | 24.8% |
| 放送 → 放送 | 14.2% |
| 放送 → 事業再編・廃止 | 10.2% |
| 技術 → 技術 | 29.9% |
| 新設・再編 → 教育 | 13.6% |
| 新設・再編 → スタジオ・プロダクション | 10.2% |
| 新設・再編 → 技術 | 9.7% |
| 新設・再編 → その他 | 1.5% |

Segment revenue source references: 9 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Technology Services | 5 years | +13.7% | ¥6242410000 | 14.5% | 2 |
| Education | 5 years | +18.9% | ¥5457816000 | 17.7% | 2 |
| Broadcast | 5 years | -3.5% | ¥2243888000 | 5.1% | 2 |
| studio and production | 3 years | -5.7% | ¥1610725000 | 1.7% | 2 |
| Other Segement | 4 years | +3.2% | ¥239678000 | -22.0% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 15,795 | 100.0% | S100YK4A |
| Cost of revenue | 9,718 | 61.5% | S100YK4A |
| Gross profit | 6,076 | 38.5% | S100YK4A |
| SG&A | 5,013 | 31.7% | S100YK4A |
| Operating income | 1,063 | 6.7% | S100YK4A |
| Ordinary income | 1,097 | 6.9% | S100YK4A |
| Pretax income | 1,004 | 6.4% | S100YK4A |
| Income tax | 184 | 1.2% | S100YK4A |
| Net income | 820 | 5.2% | S100YK4A |
| Net income attributable to owners | 782 | 5.0% | S100YK4A |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 61 |
| SG&A | 32 |
| Operating income | 7 |
| (Ref.) Net income | 5 |

### Margin funnel

Gross margin 38.5% → Operating margin 6.7% → Net margin 5.0%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +1.7%; Core profit growth: +50.4%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 30.02×
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 | 15,534 | 15,795 | 261 | +1.7% |
| Gross profit | 6,061 | 6,076 | 16 | +0.3% |
| Operating income | 707 | 1,063 | 356 | +50.4% |
| Net income attributable to owners | 335 | 782 | 447 | +133.3% |
| Operating cash flow | 711 | 688 | -22 | -3.1% |
| Free cash flow | 602 | 493 | -108 | -18.0% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 11,507 | 505 | 4.4% | 411 | 1,991 | 1,852 | S100LQED |
| FY ending Mar 2021 | 10,991 | 479 | 4.4% | 151 | 559 | 372 | S100OFV7 |
| FY ending Mar 2022 | 12,340 | 877 | 7.1% | 1,011 | 1,935 | 1,777 | S100R9WS |
| FY ending Mar 2023 | 13,023 | 1,037 | 8.0% | 1,110 | 1,429 | 1,151 | S100TWWI |
| FY ending Mar 2024 | 14,179 | 870 | 6.1% | 680 | 1,177 | 983 | S100W8CN |
| FY ending Mar 2025 | 15,534 | 707 | 4.6% | 335 | 711 | 602 | S100YK4A |
| FY ending Mar 2026 | 15,795 | 1,063 | 6.7% | 782 | 688 | 493 | S100YK4A |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥22.1M |
| Operating income per employee (consolidated) | ¥1.5M |
| Net income per employee (consolidated) | ¥1.1M |

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) | 487 | 508 | 790 | 748 | 716 |
| Average salary (parent company) | ¥5.5M | ¥5.5M | ¥5.4M | ¥5.3M | ¥5.1M |
| Average age (parent company) | 41.6 years | 41.2 years | 40.4 years | 40.2 years | 40.3 years |
| Average tenure (parent company) | 10.0 years | 9.8 years | 9.4 years | 9.3 years | 9.7 years |

Year over year: Employees (consolidated) -4.3% · Revenue (consolidated) +1.7%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Education | 5,458 | 34.6% | 967 | 17.7% |
| studio and production | 1,611 | 10.2% | 28 | 1.7% |
| Broadcast | 2,244 | 14.2% | 115 | 5.1% |
| Technology Services | 6,242 | 39.5% | 906 | 14.5% |
| Other Segement | 240 | 1.5% | -53 | -22.0% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Education | 34.6% | 48.0% | 13.4 | 17.7% |
| studio and production | 10.2% | 1.4% | -8.8 | 1.7% |
| Broadcast | 14.2% | 5.7% | -8.5 | 5.1% |
| Technology Services | 39.5% | 45.0% | 5.4 | 14.5% |
| Other Segement | 1.5% | — | — | -22.0% |

Loss-making segment (excluded from profit shares): Other Segement -53 JPY mn

Segment → industry: Education → Education / studio and production → Film & Anime / Broadcast → Broadcasting & Newspapers / Broadcast → Streaming / Technology Services → Cloud & Data Centers / Technology Services → Cybersecurity

## 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 | 688 | 4.4% | S100YK4A |
| Capital expenditure | 195 | 1.2% | S100YK4A |
| Free cash flow | 493 | 3.1% | 算出 |
| Investing cash flow | 15 | 0.1% | S100YK4A |
| Financing cash flow | -1,492 | -9.4% | S100YK4A |
| Dividends paid | 355 | 2.2% | S100YK4A |
| Share buyback | 1 | 0.0% | S100YK4A |
| Change in cash | -776 | -4.9% | S100YK4A |
| Cash and equivalents | 4,845 | 30.7% | S100YK4A |

## 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 | 5,302 | 5,867 | 5,826 | 5,621 | 4,845 | S100TWWI, S100W8CN, S100YK4A |
| Total assets | 8,940 | 9,949 | 11,890 | 11,300 | 9,760 | S100R9WS, S100TWWI, S100W8CN, S100YK4A |
| Net assets | 4,611 | 5,451 | 5,909 | 5,781 | 5,062 | S100TWWI, S100W8CN, S100YK4A |
| Share capital | 600 | 600 | 600 | 600 | 600 | S100R9WS, S100TWWI, S100W8CN, S100YK4A |
| Trade receivables | 1,099 | 1,065 | 1,356 | 1,516 | 1,388 | S100R9WS, S100TWWI, S100W8CN, S100YK4A |
| Property, plant and equipment | 591 | 737 | 826 | 553 | 454 | S100R9WS, S100TWWI, S100W8CN, S100YK4A |
| Intangible assets excluding goodwill | 291 | 238 | 1,849 | 1,706 | 1,586 | S100R9WS, S100TWWI, S100W8CN, S100YK4A |
| Goodwill | 135 | 114 | 1,747 | 1,642 | 1,537 | S100R9WS, S100TWWI, S100W8CN, S100YK4A |
| Investment securities | 137 | 121 | 164 | 169 | 1 | S100R9WS, S100TWWI, S100W8CN, S100YK4A |
| Current assets | 7,350 | 7,801 | 7,819 | 7,604 | 6,484 | S100R9WS, S100TWWI, S100W8CN, S100YK4A |
| Current liabilities | 3,985 | 4,258 | 5,103 | 4,877 | 4,275 | S100R9WS, S100TWWI, S100W8CN, S100YK4A |
| Short-term borrowings | 512 | 504 | 651 | 542 | 542 | S100R9WS, S100TWWI, S100W8CN, S100YK4A |
| Long-term borrowings | — | 6 | 573 | 422 | 280 | S100TWWI, S100W8CN, S100YK4A |
| Bonds | 125 | 60 | 30 | 10 | — | S100R9WS, S100TWWI, S100W8CN, S100YK4A |
| Interest-bearing debt | — | 570 | 1,254 | 974 | — | 算出 |
| Total liabilities | 4,330 | 4,498 | 5,981 | 5,519 | 4,698 | S100R9WS, S100TWWI, S100W8CN, S100YK4A |
| Non-controlling interests | 1,144 | 1,150 | 1,134 | 1,150 | — | S100R9WS, S100TWWI, S100W8CN, S100YK4A |
| Equity attributable to owners of parent | 3,460 | 4,293 | 4,766 | 4,622 | 5,052 | S100R9WS, S100TWWI, S100W8CN, S100YK4A |
| Retained earnings | 3,402 | 4,320 | 4,782 | 4,451 | 4,882 | S100R9WS, S100TWWI, S100W8CN, S100YK4A |
| Treasury stock | -541 | -642 | -639 | -434 | -432 | S100R9WS, S100TWWI, S100W8CN, S100YK4A |

### 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 | 8,940 | 9,949 | 11,890 | 11,300 | 9,760 |
| Equity | 4,611 | 5,451 | 5,909 | 5,781 | 5,062 |
| Interest-bearing debt | — | 570 | 1,254 | 974 | — |
| Cash | 5,302 | 5,867 | 5,826 | 5,621 | 4,845 |

## 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) | 2.9% | S100YK4A |
| Fixed assets ÷ total assets | 4.7% | S100YK4A |
| Goodwill ÷ parent equity | 30.4% | S100YK4A |

Goodwill over 4 years: 135 → 1,537 JPY; total investing cash flow: -1,221 JPY. This does not imply causation.

### 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) | 49.6% |
| Cash ÷ revenue | 30.7% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 64.8% |
| Cash vs. profit gap | -94 JPY mn (of net income -12.0%) |
| Shareholder returns / net income | 45.5% |
| Shareholder returns / FCF | 72.2% |
| Shareholder payments — dividends / net income | 45.4% |
| Shareholder payments — dividends / FCF | 72.0% |
| CapEx intensity (capex ÷ revenue) | 1.2% |
| Investing CF relative to operating CF | 2.2% |

## 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 | 8.2% | 1.38× | 11.3% | 2.58× | 29.2% | S100R9WS |
| 2023 | 8.5% | 1.38× | 11.8% | 2.44× | 28.6% | S100TWWI |
| 2024 | 4.8% | 1.30× | 6.2% | 2.41× | 15.0% | S100W8CN |
| 2025 | 2.2% | 1.34× | 2.9% | 2.47× | 7.1% | S100YK4A |
| 2026 | 5.0% | 1.50× | 7.4% | 2.18× | 16.2% | S100YK4A |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| エイブイアイ ジャパン オポチュニティー トラスト ピーエルシー (常任代理人 株式会社みずほ銀行決済営業部) | Major shareholder | 36.0% | 2026-03-31 |
| ゴールドマン・サックス・インターナショナル （常任代理人 ゴールドマン・サックス証券株式会社） | Major shareholder | 8.9% | 2026-03-31 |
| SG/UCITS V/INV （常任代理人 香港上海銀行東京支店 セキュリティーズ・サービシズ・オペレーションズ） | Major shareholder | 2.5% | 2026-03-31 |
| 坂本 誠 | Major shareholder | 1.8% | 2026-03-31 |
| NOMURA PB NOMINEES LIMITED OMNIBUS-MARGIN (CASHPB) （常任代理人 野村證券株式会社） | Major shareholder | 1.8% | 2026-03-31 |
| 橋本 太郎 | Major shareholder | 1.7% | 2026-03-31 |
| 日本証券金融株式会社 | Major shareholder | 1.6% | 2026-03-31 |
| NORDEA BANK ABP/FINNISH CLIENTS （常任代理人 香港上海銀行東京支店 セキュリティーズ・サービシズ・オペレーションズ） | Major shareholder | 1.4% | 2026-03-31 |
| ブロードメディア役員持株会 | Major shareholder | 1.3% | 2026-03-31 |
| 藤田 浩介 | Major shareholder | 1.3% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第30期(2025/04/01－2026/03/31) | S100YK4A | 2026-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YK4A,, |
| 有価証券報告書－第29期(2024/04/01－2025/03/31) | S100W8CN | 2025-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W8CN,, |
| 有価証券報告書－第28期(2023/04/01－2024/03/31) | S100TWWI | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TWWI,, |
| 有価証券報告書－第27期(2022/04/01－2023/03/31) | S100R9WS | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R9WS,, |
| 有価証券報告書－第26期(令和3年4月1日－令和4年3月31日) | S100OFV7 | 2022-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OFV7,, |
| 有価証券報告書－第25期(令和2年4月1日－令和3年3月31日) | S100LQED | 2021-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LQED,, |

## 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).