# CHIIKISHINBUNSHA CO.,LTD.: business model and financials

> Latest period: FY ending Aug 2025, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第41期(2024/09/01－2025/08/31) (S100X6X1)
> Page: https://vizora.meequs.com/en/company/chiikishinbunsha
> Retrieved: 2026-09-30T22:12:16.924Z

## Company

Chiikishinbunsha, founded in 1984, is a company in Broadcasting & Newspapers listed on TSE Growth. It has 167 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | CHIIKISHINBUNSHA CO.,LTD. |
| Ticker | 2164 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/2164.T) |
| Listing | TSE Growth |
| Head office | 千葉県八千代市勝田台北一丁目11番16号 |
| Representative (per filing) | 代表取締役社長 細谷 佳津年 |
| Founded | Aug 1984 |
| Share capital | ¥511.7M |
| Employees (consolidated) | 167 |
| Average salary (parent only) | ¥4.3M |
| Fiscal year end | August |
| Website | chiikinews.co.jp (https://chiikinews.co.jp/) |
| Corporate number | 6040001020962 |
| EDINET | E05716 |
| Industries (Vizora) | Broadcasting & Newspapers, Advertising, Real Estate Development & Leasing |

> Profile source: annual securities report (S100X6X1, filed 2025-11-26). As of filing

## Five-axis industry profile

Primary industry: Advertising (2025-08-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 39.5 | 57 |
| Profitability | 21.5 | 86 |
| Cash conversion | 18 | 75 |
| Efficiency | 80.8 | 86 |

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 94% of Chiikishinbunsha's sales come from advertising business, with Other and real estate business making up much of the rest.
- Out of every ¥100 of sales, about ¥1 is left as operating profit.
- Revenue changed +5.9% from the prior year, operating profit +33.2%.

## Company structure

- Segment revenue mix: advertising business 94.0%、Other 5.6%、real estate business 0.4%
- Revenue → net income: ¥3153453000 → ¥41336000
- Net income → operating cash flow: ¥41336000 → ¥11828000（difference ¥-29508000）
- Main uses of operating cash flow: CapEx ¥1053789000 / dividends — / buybacks —
- Change in cash: ¥67907000
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 | ¥3.15B |  |
| Operating income | ¥45.7M | Margin 1.4% |
| Net income | ¥41.3M | Margin 1.3% |
| Free cash flow | -¥1.04B |  |
| Largest business | advertising business | of segment revenue 94.0% |
| Employees (consolidated) | 167 |  |
| EPS | ¥5.52 |  |
| Diluted EPS | ¥5.46 |  |
| Book value per share | ¥87.22 |  |
| Equity ratio | 28.4% |  |
| Shares outstanding | 3,741,914 |  |
| Treasury shares | 800 |  |
| Shareholders | 2,805 |  |
| Average salary (parent only) | ¥4.3M | Filing company only |
| Cash ratio | 27.8% | Cash ÷ revenue 20.3% |
| Vs. industry median margin | -4.4 pp | Broadcasting & Newspapers |
| ROE | 8.7% | Derived from disclosed figures |
| ROA | 2.3% | Derived from disclosed figures |

## Notable figures

- FY2025, one segment accounts for 99% of positive segment profit
- FY2025, employees -2% while operating income rose 33%
- FY2025, cash is 28% of total assets

## What changed in 5 years

Currency or consolidation scope differs; percentage changes are omitted.

| Metric | FY ending Aug 2020 | FY ending Aug 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥3258466000 | ¥3153453000 | — |
| Operating income | ¥-292047000 | ¥45698000 | — |
| Operating margin | -9.0% | 1.4% | +10.4 pp |
| Employees | 199 people | 167 people | — |
| Cash and equivalents | ¥640054000 | ¥640083000 | — |

### Change in segment revenue mix

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

| Flow | Revenue share |
| --- | ---: |
| 新設・再編 → 広告関連事業 | 94.0% |
| 新設・再編 → 不動産事業 | 0.4% |
| 新設・再編 → その他 | 5.6% |

Segment revenue source references: 3 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| advertising business | — | — | ¥2965779000 | 16.2% | 2 |
| Other | — | — | ¥176268000 | -15.5% | 2 |
| real estate business | — | — | ¥11405000 | 50.2% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 3,153 | 100.0% | S100X6X1 |
| Cost of revenue | 912 | 28.9% | S100X6X1 |
| Gross profit | 2,241 | 71.1% | S100X6X1 |
| SG&A | 2,195 | 69.6% | S100X6X1 |
| Operating income | 46 | 1.4% | S100X6X1 |
| Ordinary income | 53 | 1.7% | S100X6X1 |
| Pretax income | 46 | 1.5% | S100X6X1 |
| Income tax | 5 | 0.1% | S100X6X1 |
| Net income | 41 | 1.3% | S100X6X1 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 29 |
| SG&A | 70 |
| Operating income | 1 |
| (Ref.) Net income | 1 |

### Margin funnel

Gross margin 71.1% → Operating margin 1.4% → Net margin 1.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +5.9%; Core profit growth: +33.2%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 5.61×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 2,977 | 3,153 | 176 | +5.9% |
| Gross profit | 2,128 | 2,241 | 113 | +5.3% |
| Operating income | 34 | 46 | 11 | +33.2% |
| Operating cash flow | 128 | 12 | -116 | -90.7% |
| Free cash flow | 77 | -1,042 | -1,119 | -1457.3% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Aug 2019 | 3,992 | 23 | 0.6% | 22 | 95 | 77 | S100L6C4 |
| FY ending Aug 2020 | 2,674 | -205 | -7.7% | -332 | -306 | — | S100MY3S |
| FY ending Aug 2020 | 3,258 | -292 | -9.0% | -332 | -306 | -324 | S100L6C4 |
| FY ending Aug 2021 | 2,788 | -51 | -1.8% | -87 | 61 | 35 | S100PRKS |
| FY ending Aug 2022 | 2,888 | 9 | 0.3% | 8 | 68 | 51 | S100SRLF |
| FY ending Aug 2023 | 2,927 | -21 | -0.7% | -51 | -19 | -63 | S100UUU5 |
| FY ending Aug 2024 | 2,977 | 34 | 1.2% | 3 | 128 | 77 | S100X6X1 |
| FY ending Aug 2025 | 3,153 | 46 | 1.4% | 41 | 12 | -1,042 | S100X6X1 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥18.9M |
| Operating income per employee (consolidated) | ¥273.6K |
| Net income per employee (consolidated) | ¥247.5K |

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

| History | FY ending Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 170 | 163 | 162 | 170 | 167 |
| Average salary (parent company) | ¥3.9M | ¥4M | ¥4.2M | ¥4.4M | ¥4.3M |
| Average age (parent company) | 37.1 years | 38.6 years | 38.8 years | 39.7 years | 40.5 years |
| Average tenure (parent company) | 7.2 years | 7.8 years | 7.9 years | 7.9 years | 8.5 years |

Year over year: Employees (consolidated) -1.8% · Revenue (consolidated) +5.9%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| advertising business | 2,966 | 94.0% | 482 | 16.2% |
| real estate business | 11 | 0.4% | 6 | 50.2% |
| Other | 176 | 5.6% | -27 | -15.5% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| advertising business | 94.0% | 98.8% | 4.8 | 16.2% |
| real estate business | 0.4% | 1.2% | 0.8 | 50.2% |
| Other | 5.6% | — | — | -15.5% |

Loss-making segment (excluded from profit shares): Other -27 JPY mn

Segment → industry: advertising business → Broadcasting & Newspapers / advertising business → Advertising / real estate business → Real Estate Development & Leasing

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 12 | 0.4% | S100X6X1 |
| Capital expenditure | 1,054 | 33.4% | S100X6X1 |
| Free cash flow | -1,042 | -33.0% | 算出 |
| Investing cash flow | -892 | -28.3% | S100X6X1 |
| Financing cash flow | 948 | 30.1% | S100X6X1 |
| Change in cash | 68 | 2.2% | S100X6X1 |
| Cash and equivalents | 640 | 20.3% | S100X6X1 |

## 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 Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 703 | 674 | 474 | 572 | 640 | S100SRLF, S100UUU5, S100X6X1 |
| Total assets | 1,334 | 1,289 | 1,109 | 1,247 | 2,299 | S100PRKS, S100SRLF, S100UUU5, S100X6X1 |
| Net assets | 81 | 176 | 154 | 302 | 653 | S100SRLF, S100UUU5, S100X6X1 |
| Share capital | 228 | 272 | 288 | 360 | 512 | S100PRKS, S100SRLF, S100UUU5, S100X6X1 |
| Property, plant and equipment | 44 | 40 | 31 | 42 | 1,061 | S100PRKS, S100SRLF, S100UUU5, S100X6X1 |
| Intangible assets excluding goodwill | 35 | 25 | 40 | 62 | 49 | S100PRKS, S100SRLF, S100UUU5, S100X6X1 |
| Investment securities | — | — | — | — | 63 | S100X6X1 |
| Current assets | 1,206 | 1,167 | 949 | 1,061 | 1,038 | S100PRKS, S100SRLF, S100UUU5, S100X6X1 |
| Current liabilities | 676 | 671 | 612 | 666 | 719 | S100PRKS, S100SRLF, S100UUU5, S100X6X1 |
| Short-term borrowings | 200 | 200 | 200 | 200 | 206 | S100PRKS, S100SRLF, S100UUU5, S100X6X1 |
| Long-term borrowings | 402 | 267 | 166 | 90 | 728 | S100PRKS, S100SRLF, S100UUU5, S100X6X1 |
| Total liabilities | 1,253 | 1,113 | 955 | 944 | 1,646 | S100PRKS, S100SRLF, S100UUU5, S100X6X1 |
| Equity attributable to owners of parent | 78 | 174 | 154 | 302 | 647 | S100PRKS, S100SRLF, S100UUU5, S100X6X1 |
| Retained earnings | -308 | -299 | -350 | -347 | -306 | S100PRKS, S100SRLF, S100UUU5, S100X6X1 |
| Treasury stock | -1 | -1 | -1 | -1 | -1 | S100PRKS, S100SRLF, S100UUU5, S100X6X1 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 28% | S100X6X1 |
| Property, plant and equipment | 46% | S100X6X1 |
| Intangibles and goodwill | 2% | S100X6X1 |
| Investment securities | 3% | S100X6X1 |
| Other assets | 21% | S100X6X1 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 72% | S100X6X1 |
| Equity | 28% | S100X6X1 |

### Balance sheet history

| Metric | FY ending Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 1,334 | 1,289 | 1,109 | 1,247 | 2,299 |
| Equity | 81 | 176 | 154 | 302 | 653 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 703 | 674 | 474 | 572 | 640 |

## 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) | 33.7% | S100X6X1 |
| Fixed assets ÷ total assets | 46.2% | S100X6X1 |
| Goodwill ÷ parent equity | — | —, S100X6X1 |

### 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) | 27.8% |
| Cash ÷ revenue | 20.3% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 25.9% |
| Cash vs. profit gap | -30 JPY mn (of net income -71.4%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 33.4% |
| Investing CF relative to operating CF | 7539.1% |

## 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 | — | —× | -6.5% | —× | — | S100PRKS |
| 2022 | 0.3% | 2.20× | 0.6% | 10.42× | 6.7% | S100SRLF |
| 2023 | — | —× | -4.3% | —× | — | S100UUU5 |
| 2024 | 0.1% | 2.53× | 0.3% | 5.16× | 1.5% | S100X6X1 |
| 2025 | 1.3% | 1.78× | 2.3% | 3.74× | 8.7% | S100X6X1 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| MTMCapital株式会社 | Major shareholder | 15.9% | 2025-08-31 |
| マイルストーン・キャピタル・マネジメント株式会社 | Major shareholder | 7.5% | 2025-08-31 |
| 株式会社ライフイン２４ｇｒｏｕｐ | Major shareholder | 5.9% | 2025-08-31 |
| 株式会社中広 | Major shareholder | 5.4% | 2025-08-31 |
| 合同会社Happyhorse | Major shareholder | 3.9% | 2025-08-31 |
| 静岡エネルギー株式会社 | Major shareholder | 2.8% | 2025-08-31 |
| 株式会社日本シーサプライ | Major shareholder | 2.1% | 2025-08-31 |
| 竹中 宏之 | Major shareholder | 2.0% | 2025-08-31 |
| 中谷 正和 | Major shareholder | 1.8% | 2025-08-31 |
| 吉田 康次郎 | Major shareholder | 1.7% | 2025-08-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第41期(2024/09/01－2025/08/31) | S100X6X1 | 2025-11-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100X6X1,, |
| 有価証券報告書－第40期(2023/09/01－2024/08/31) | S100UUU5 | 2024-11-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UUU5,, |
| 訂正有価証券報告書－第39期(2022/09/01－2023/08/31) | S100SRLF | 2024-02-07 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100SRLF,, |
| 訂正有価証券報告書－第38期(令和3年9月1日－令和4年8月31日) | S100PRKS | 2022-12-07 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PRKS,, |
| 有価証券報告書－第37期(令和2年9月1日－令和3年8月31日) | S100MY3S | 2021-11-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MY3S,, |
| 訂正有価証券報告書－第36期(令和1年9月1日－令和2年8月31日) | S100L6C4 | 2021-04-14 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100L6C4,, |

## 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).