# Computer Institute of Japan,Ltd.: business model and financials

> Latest period: FY ending Jun 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第51期(2025/07/01－2026/06/30) (S100Z2CK)
> Page: https://vizora.meequs.com/en/company/computer-institute-of-japan
> Retrieved: 2026-09-30T21:16:53.019Z

## Company

Computer Institute of Japan, founded in 1976, is a company in IT Services & System Integration listed on TSE Prime. It has 1,765 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Computer Institute of Japan, Ltd. |
| Ticker | 4826 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/4826.T) |
| Listing | TSE Prime |
| Head office | 神奈川県横浜市西区高島一丁目2番5号 |
| Representative (per filing) | 代表取締役社長 坂元 昭彦 |
| Founded | Jan 1976 |
| Share capital | ¥2.27B |
| Employees (consolidated) | 1,765 |
| Average salary (parent only) | ¥6.1M |
| Fiscal year end | June |
| Website | www.cij.co.jp (https://www.cij.co.jp/) |
| Corporate number | 1020001015606 |
| EDINET | E05163 |
| Industries (Vizora) | IT Services & System Integration |

> Profile source: annual securities report (S100Z2CK, filed 2026-09-16). As of filing

## Five-axis industry profile

Primary industry: IT Services & System Integration (2026-06-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 48.7 | 157 |
| Profitability | 49.7 | 196 |
| Cash conversion | 44.1 | 185 |
| Efficiency | 66.1 | 196 |

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)

- Computer Institute of Japan brought in ¥29.4B in revenue.
- Out of every ¥100 of sales, about ¥9 is left as operating profit.
- Revenue changed +9.4% from the prior year, operating profit +20.7%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥29424871000 → ¥1804973000
- Net income → operating cash flow: ¥1804973000 → ¥2048029000（difference ¥243056000）
- Main uses of operating cash flow: CapEx ¥130747000 / dividends ¥1015902000 / buybacks ¥501320000
- Change in cash: ¥130064000
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 | ¥29.4B |  |
| Operating income | ¥2.62B | Margin 8.9% |
| Net income | ¥1.8B | Margin 6.1% |
| Free cash flow | ¥1.92B |  |
| Employees (consolidated) | 1,765 |  |
| EPS | ¥31.91 |  |
| Book value per share | ¥265.57 |  |
| Equity ratio | 77.3% |  |
| Shares outstanding | 64,798,288 |  |
| Treasury shares | 8,967,800 |  |
| Shareholders | 22,965 |  |
| Average salary (parent only) | ¥6.1M | Filing company only |
| Cash ratio | 43.0% | Cash ÷ revenue 28.4% |
| Vs. industry median margin | 0 pp | IT Services & System Integration |
| ROE | 12.5% | Derived from disclosed figures |
| ROA | 9.5% | Derived from disclosed figures |

## Notable figures

- FY2026, cash is 43% of total assets

## What changed in 5 years

| Metric | FY ending Jun 2021 | FY ending Jun 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥20392280000 | ¥29424871000 | +44.3% |
| Operating income | ¥1386621000 | ¥2619083000 | +88.9% |
| Operating margin | 6.8% | 8.9% | +2.1 pp |
| Employees | 1,547 people | 1,765 people | +14.1% |
| Cash and equivalents | ¥7132053000 | ¥8344926000 | +17.0% |

### Change in segment revenue mix

Span: FY ending Jun 2021 → FY ending Jun 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 29,425 | 100.0% | S100Z2CK |
| Cost of revenue | 23,038 | 78.3% | S100Z2CK |
| Gross profit | 6,387 | 21.7% | S100Z2CK |
| SG&A | 3,768 | 12.8% | S100Z2CK |
| Operating income | 2,619 | 8.9% | S100Z2CK |
| Ordinary income | 2,663 | 9.1% | S100Z2CK |
| Pretax income | 2,612 | 8.9% | S100Z2CK |
| Income tax | 807 | 2.7% | S100Z2CK |
| Net income | 1,805 | 6.1% | S100Z2CK |
| Net income attributable to owners | 1,805 | 6.1% | S100Z2CK |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 78 |
| SG&A | 13 |
| Operating income | 9 |
| (Ref.) Net income | 6 |

### Margin funnel

Gross margin 21.7% → Operating margin 8.9% → Net margin 6.1%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +9.4%; Core profit growth: +20.7%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.20×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Jun 2025 → FY ending Jun 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 26,900 | 29,425 | 2,525 | +9.4% |
| Gross profit | 5,621 | 6,387 | 766 | +13.6% |
| Operating income | 2,170 | 2,619 | 449 | +20.7% |
| Net income attributable to owners | 1,496 | 1,805 | 309 | +20.7% |
| Operating cash flow | 1,783 | 2,048 | 265 | +14.9% |
| Free cash flow | 1,736 | 1,917 | 181 | +10.4% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jun 2020 | 20,685 | 1,557 | 7.5% | 1,052 | 1,710 | 1,677 | S100MG98 |
| FY ending Jun 2021 | 20,392 | 1,387 | 6.8% | 922 | 702 | 483 | S100P6U2 |
| FY ending Jun 2022 | 21,467 | 1,570 | 7.3% | 971 | 1,578 | 1,172 | S100RX68 |
| FY ending Jun 2023 | 22,859 | 1,830 | 8.0% | 1,143 | 1,939 | 1,815 | S100UE8X |
| FY ending Jun 2024 | 25,733 | 1,965 | 7.6% | 948 | 1,178 | 1,029 | S100WOO0 |
| FY ending Jun 2025 | 26,900 | 2,170 | 8.1% | 1,496 | 1,783 | 1,736 | S100Z2CK |
| FY ending Jun 2026 | 29,425 | 2,619 | 8.9% | 1,805 | 2,048 | 1,917 | S100Z2CK |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥16.7M |
| Operating income per employee (consolidated) | ¥1.5M |
| Net income per employee (consolidated) | ¥1M |

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

| History | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 1,602 | 1,552 | 1,620 | 1,677 | 1,765 |
| Average salary (parent company) | ¥5.5M | ¥5.6M | ¥5.5M | ¥5.9M | ¥6.1M |
| Average age (parent company) | 37.7 years | 38.1 years | 38.7 years | 38.5 years | 38.2 years |
| Average tenure (parent company) | 12.5 years | 12.9 years | 13.6 years | 13.4 years | 13.1 years |

Year over year: Employees (consolidated) +5.2% · Revenue (consolidated) +9.4%

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Jun 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 2,048 | 7.0% | S100Z2CK |
| Capital expenditure | 131 | 0.4% | S100Z2CK |
| Free cash flow | 1,917 | 6.5% | 算出 |
| Investing cash flow | -213 | -0.7% | S100Z2CK |
| Financing cash flow | -1,704 | -5.8% | S100Z2CK |
| Dividends paid | 1,016 | 3.5% | S100Z2CK |
| Share buyback | 501 | 1.7% | S100Z2CK |
| Change in cash | 130 | 0.4% | S100Z2CK |
| Cash and equivalents | 8,345 | 28.4% | S100Z2CK |

## 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 Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 6,051 | 9,185 | 8,958 | 8,215 | 8,345 | S100UE8X, S100WOO0, S100Z2CK |
| Total assets | 16,680 | 17,776 | 18,497 | 18,677 | 19,395 | S100RX68, S100UE8X, S100WOO0, S100Z2CK |
| Net assets | 13,741 | 14,140 | 14,509 | 14,516 | 15,000 | S100UE8X, S100WOO0, S100Z2CK |
| Share capital | 2,270 | 2,270 | 2,270 | 2,270 | 2,270 | S100RX68, S100UE8X, S100WOO0, S100Z2CK |
| Property, plant and equipment | 680 | 391 | 344 | 328 | 406 | S100RX68, S100UE8X, S100WOO0, S100Z2CK |
| Intangible assets excluding goodwill | 935 | 767 | 806 | 1,216 | 1,109 | S100RX68, S100UE8X, S100WOO0, S100Z2CK |
| Goodwill | 452 | 363 | 445 | 758 | 748 | S100RX68, S100UE8X, S100WOO0, S100Z2CK |
| Investment securities | 1,665 | 1,130 | 2,001 | 2,364 | 2,291 | S100RX68, S100UE8X, S100WOO0, S100Z2CK |
| Current assets | 12,331 | 14,465 | 14,265 | 13,634 | 14,277 | S100RX68, S100UE8X, S100WOO0, S100Z2CK |
| Current liabilities | 2,869 | 3,571 | 3,920 | 3,999 | 4,160 | S100RX68, S100UE8X, S100WOO0, S100Z2CK |
| Short-term borrowings | 280 | 530 | 520 | 620 | 470 | S100RX68, S100UE8X, S100WOO0, S100Z2CK |
| Long-term borrowings | — | — | — | 17 | 7 | S100Z2CK |
| Total liabilities | 2,939 | 3,636 | 3,988 | 4,160 | 4,394 | S100RX68, S100UE8X, S100WOO0, S100Z2CK |
| Equity attributable to owners of parent | 13,693 | 14,047 | 14,286 | 14,251 | 14,711 | S100RX68, S100UE8X, S100WOO0, S100Z2CK |
| Retained earnings | 10,136 | 10,785 | 11,191 | 11,648 | 12,274 | S100RX68, S100UE8X, S100WOO0, S100Z2CK |
| Treasury stock | -1,200 | -1,494 | -1,726 | -2,335 | -2,297 | S100RX68, S100UE8X, S100WOO0, S100Z2CK |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 43% | S100Z2CK |
| Property, plant and equipment | 2% | S100Z2CK |
| Intangibles and goodwill | 10% | S100Z2CK |
| Investment securities | 12% | S100Z2CK |
| Other assets | 33% | S100Z2CK |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 23% | S100Z2CK |
| Equity | 77% | S100Z2CK |

### Balance sheet history

| Metric | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 16,680 | 17,776 | 18,497 | 18,677 | 19,395 |
| Equity | 13,741 | 14,140 | 14,509 | 14,516 | 15,000 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 6,051 | 9,185 | 8,958 | 8,215 | 8,345 |

## 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) | 1.4% | S100Z2CK |
| Fixed assets ÷ total assets | 2.1% | S100Z2CK |
| Goodwill ÷ parent equity | 5.1% | S100Z2CK |

Goodwill over 4 years: 452 → 748 JPY; total investing cash flow: -1,828 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) | 43.0% |
| Cash ÷ revenue | 28.4% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 78.2% |
| Cash vs. profit gap | 243 JPY mn (of net income 13.5%) |
| Shareholder returns / net income | 84.1% |
| Shareholder returns / FCF | 79.1% |
| Shareholder payments — dividends / net income | 56.3% |
| Shareholder payments — dividends / FCF | 53.0% |
| CapEx intensity (capex ÷ revenue) | 0.4% |
| Investing CF relative to operating CF | 10.4% |

## 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 | 4.5% | 1.29× | 5.8% | 1.22× | 7.1% | S100RX68 |
| 2023 | 5.0% | 1.33× | 6.6% | 1.24× | 8.2% | S100UE8X |
| 2024 | 3.7% | 1.42× | 5.2% | 1.28× | 6.7% | S100WOO0 |
| 2025 | 5.6% | 1.45× | 8.0% | 1.30× | 10.5% | S100Z2CK |
| 2026 | 6.1% | 1.55× | 9.5% | 1.31× | 12.5% | S100Z2CK |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 7.2% | 2026-06-30 |
| 株式会社システナ | Major shareholder | 5.7% | 2026-06-30 |
| ＣＩＪ社員持株会 | Major shareholder | 4.0% | 2026-06-30 |
| 株式会社ＮＴＴデータ | Major shareholder | 3.1% | 2026-06-30 |
| 光通信KK投資事業有限責任組合 | Major shareholder | 2.5% | 2026-06-30 |
| 大鹿正彦 | Major shareholder | 2.1% | 2026-06-30 |
| 東洋証券株式会社 | Major shareholder | 2.1% | 2026-06-30 |
| 中野正三 | Major shareholder | 1.9% | 2026-06-30 |
| ＣＩＪネクスト従業員持株会 | Major shareholder | 1.4% | 2026-06-30 |
| 重田康光 | Major shareholder | 1.3% | 2026-06-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第51期(2025/07/01－2026/06/30) | S100Z2CK | 2026-09-16 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z2CK,, |
| 有価証券報告書－第50期(2024/07/01－2025/06/30) | S100WOO0 | 2025-09-17 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WOO0,, |
| 有価証券報告書－第49期(2023/07/01－2024/06/30) | S100UE8X | 2024-09-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UE8X,, |
| 訂正有価証券報告書－第48期(2022/07/01－2023/06/30) | S100RX68 | 2023-09-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RX68,, |
| 有価証券報告書－第47期(令和3年7月1日－令和4年6月30日) | S100P6U2 | 2022-09-15 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100P6U2,, |
| 有価証券報告書－第46期(令和2年7月1日－令和3年6月30日) | S100MG98 | 2021-09-16 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MG98,, |

## 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).