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

> Latest period: FY ending Nov 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 訂正有価証券報告書－第18期(2024/12/01－2025/11/30) (S100XQ1R)
> Page: https://vizora.meequs.com/en/company/cookbiz
> Retrieved: 2026-09-30T22:14:04.992Z

## Company

Cookbiz, founded in 2007, is a company in HR & Staffing listed on TSE Growth. It has 169 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Cookbiz Co.,Ltd. |
| Ticker | 6558 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6558.T) |
| Listing | TSE Growth |
| Head office | 大阪市北区芝田二丁目7番18号 LUCID SQUARE UMEDA 8階 |
| Representative (per filing) | 代表取締役社長 藪ノ 賢次 |
| Founded | Dec 2007 |
| Share capital | ¥762.3M |
| Employees (consolidated) | 169 |
| Average salary (parent only) | ¥5.8M |
| Fiscal year end | November |
| Website | corp.cookbiz.co.jp (https://corp.cookbiz.co.jp/) |
| Corporate number | 7120001128193 |
| EDINET | E33515 |
| Industries (Vizora) | HR & Staffing, Fisheries |

> Profile source: annual securities report (S100XQ1R, filed 2026-03-11). As of filing

## Five-axis industry profile

Primary industry: HR & Staffing (2025-11-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 1.7 | 88 |
| Efficiency | 11.9 | 88 |
| Financial strength | 30 | 5 |

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 61% of Cookbiz's sales come from Human Resources, with Business revitalization making up much of the rest.
- It lost about ¥13 for every ¥100 of sales at the operating level.
- Revenue changed -12.7% from the prior year, operating profit -500.4%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥2.86B |  |
| Operating income | -¥374.1M | Margin -13.1% |
| Net income | -¥404.7M | Margin -14.1% |
| Free cash flow | -¥498.2M |  |
| Largest business | Human Resources | of segment revenue 60.7% |
| Employees (consolidated) | 169 |  |
| EPS | ¥-109.47 |  |
| Book value per share | ¥311.71 |  |
| Equity ratio | 28.8% |  |
| Shares outstanding | 2,795,041 |  |
| Treasury shares | 7,000 |  |
| Shareholders | 934 |  |
| Average salary (parent only) | ¥5.8M | Filing company only |
| Cash ratio | 49.9% | Net cash ¥147.1M · Cash ÷ revenue 63.1% |
| Vs. industry median margin | -21.7 pp | HR & Staffing |
| ROA | -11.0% | Derived from disclosed figures |

## Notable figures

- FY2025, cash is 50% of total assets
- FY2025, operating loss is 13 per ¥100 of revenue

## What changed in 6 years

Currency or consolidation scope differs; percentage changes are omitted.

| Metric | FY ending Nov 2019 | FY ending Nov 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥2973302000 | ¥2860676000 | — |
| Operating income | ¥226705000 | ¥-374077000 | — |
| Operating margin | 7.6% | -13.1% | -20.7 pp |
| Employees | 213 people | 169 people | — |
| Cash and equivalents | ¥1393470000 | ¥1804257000 | — |

### Change in segment revenue mix

Span: FY ending Nov 2019 → FY ending Nov 2025. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 人材紹介事業 → 事業再編・廃止 | 60.8% |
| 求人広告事業 → 事業再編・廃止 | 39.0% |
| その他 → 事業再編・廃止 | 0.2% |
| 新設・再編 → HR事業 | 60.7% |
| 新設・再編 → 投資事業 | 39.3% |

Segment revenue source references: 5 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 2,861 | 100.0% | S100XQ1R |
| Cost of revenue | 1,087 | 38.0% | S100XQ1R |
| Gross profit | 1,774 | 62.0% | S100XQ1R |
| SG&A | 2,148 | 75.1% | S100XQ1R |
| Operating income | -374 | -13.1% | S100XQ1R |
| Ordinary income | -391 | -13.7% | S100XQ1R |
| Pretax income | -372 | -13.0% | S100XQ1R |
| Income tax | 32 | 1.1% | S100XQ1R |
| Net income | -405 | -14.1% | S100XQ1R |
| Net income attributable to owners | -405 | -14.1% | S100XQ1R |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 38 |
| SG&A | 75 |
| Operating income | -13 |
| (Ref.) Net income | -14 |

### Margin funnel

Gross margin 62.0% → Operating margin -13.1% → Net margin -14.1%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Turned to a loss
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 3,277 | 2,861 | -416 | -12.7% |
| Gross profit | 2,243 | 1,774 | -469 | -20.9% |
| Operating income | 93 | -374 | -467 | -500.4% |
| Net income attributable to owners | 3 | -405 | -407 | -14667.6% |
| Operating cash flow | 255 | -389 | -644 | -252.6% |
| Free cash flow | -170 | -498 | -328 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Nov 2019 | 2,973 | 227 | 7.6% | 140 | 343 | 326 | S100KUKA |
| FY ending Nov 2020 | 1,445 | -615 | -42.6% | -600 | -786 | -800 | S100NL0H |
| FY ending Nov 2021 | 1,036 | -339 | -32.7% | -423 | -219 | -234 | S100NL0H |
| FY ending Nov 2023 | 2,665 | 290 | 10.9% | 267 | 28 | -185 | S100VBEQ |
| FY ending Nov 2024 | 3,277 | 93 | 2.9% | 3 | 255 | -170 | S100XQ1R |
| FY ending Nov 2025 | 2,861 | -374 | -13.1% | -405 | -389 | -498 | S100XQ1R |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥16.9M |
| Operating income per employee (consolidated) | -¥2.2M |
| Net income per employee (consolidated) | -¥2.4M |

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

| History | FY ending Nov 2020 | FY ending Nov 2021 | FY ending Nov 2023 | FY ending Nov 2024 | FY ending Nov 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 119 | 106 | 133 | 161 | 169 |
| Average salary (parent company) | ¥5.3M | ¥5.3M | ¥5.5M | ¥5.8M | ¥5.8M |
| Average age (parent company) | 35.1 years | 36.1 years | 36.6 years | 36.0 years | 37.2 years |
| Average tenure (parent company) | 3.8 years | 4.6 years | 5.1 years | 5.2 years | 5.8 years |

Year over year: Employees (consolidated) +5.0% · Revenue (consolidated) -12.7%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Human Resources | 1,735 | 60.7% | -264 | -15.2% |
| Business revitalization | 1,125 | 39.3% | -110 | -9.8% |

### 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 | Margin |
| --- | ---: | ---: |
| Human Resources | 60.7% | -15.2% |
| Business revitalization | 39.3% | -9.8% |

Loss-making segment (excluded from profit shares): Human Resources -264 JPY mn

Loss-making segment (excluded from profit shares): Business revitalization -110 JPY mn

Segment → industry: Human Resources → HR & Staffing / Business revitalization → Fisheries

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -389 | -13.6% | S100XQ1R |
| Capital expenditure | 109 | 3.8% | S100XQ1R |
| Free cash flow | -498 | -17.4% | 算出 |
| Investing cash flow | -76 | -2.7% | S100XQ1R |
| Financing cash flow | 92 | 3.2% | S100XQ1R |
| Change in cash | -374 | -13.1% | S100XQ1R |
| Cash and equivalents | 1,804 | 63.1% | S100XQ1R |

## 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 Nov 2020 | FY ending Nov 2021 | FY ending Nov 2023 | FY ending Nov 2024 | FY ending Nov 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 1,311 | 1,950 | 2,059 | 2,178 | 1,804 | S100NL0H, S100XQ1R |
| Total assets | 1,835 | 2,193 | 3,442 | 3,758 | 3,618 | S100NL0H, S100VBEQ, S100XQ1R |
| Net assets | 774 | 760 | 1,527 | 1,493 | 1,098 | S100NL0H, S100XQ1R |
| Share capital | 481 | 685 | 760 | 762 | 762 | S100NL0H, S100VBEQ, S100XQ1R |
| Property, plant and equipment | 68 | 9 | 163 | 388 | 493 | S100NL0H, S100VBEQ, S100XQ1R |
| Intangible assets excluding goodwill | 28 | 0 | 306 | 466 | 420 | S100NL0H, S100VBEQ, S100XQ1R |
| Goodwill | — | — | — | 48 | 42 | S100XQ1R |
| Investment securities | — | — | 100 | 0 | 0 | S100VBEQ, S100XQ1R |
| Current assets | 1,605 | 2,110 | 2,787 | 2,789 | 2,600 | S100NL0H, S100VBEQ, S100XQ1R |
| Current liabilities | 856 | 919 | 982 | 995 | 1,071 | S100NL0H, S100VBEQ, S100XQ1R |
| Short-term borrowings | 550 | 650 | 393 | 225 | 257 | S100NL0H, S100VBEQ, S100XQ1R |
| Long-term borrowings | 150 | 500 | 898 | 1,232 | 1,371 | S100NL0H, S100VBEQ, S100XQ1R |
| Bonds | — | — | — | — | 30 | S100XQ1R |
| Interest-bearing debt | — | — | — | — | 1,657 | 算出 |
| Total liabilities | 1,061 | 1,433 | 1,915 | 2,264 | 2,520 | S100NL0H, S100VBEQ, S100XQ1R |
| Equity attributable to owners of parent | 774 | 759 | 1,487 | 1,447 | 1,042 | S100NL0H, S100VBEQ, S100XQ1R |
| Retained earnings | -181 | -604 | -26 | -70 | -475 | S100NL0H, S100VBEQ, S100XQ1R |
| Treasury stock | -0 | -0 | -0 | -0 | -0 | S100NL0H, S100VBEQ, S100XQ1R |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 50% | S100XQ1R |
| Property, plant and equipment | 13% | S100XQ1R |
| Intangibles and goodwill | 13% | S100XQ1R |
| Investment securities | 0% | S100XQ1R |
| Other assets | 24% | S100XQ1R |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Interest-bearing debt | 46% | 算出 |
| Other liabilities | 24% | S100XQ1R |
| Equity | 30% | S100XQ1R |
| Other liabilities | 0% | S100XQ1R |

### Balance sheet history

| Metric | FY ending Nov 2020 | FY ending Nov 2021 | FY ending Nov 2023 | FY ending Nov 2024 | FY ending Nov 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 1,835 | 2,193 | 3,442 | 3,758 | 3,618 |
| Equity | 774 | 760 | 1,527 | 1,493 | 1,098 |
| Interest-bearing debt | — | — | — | — | 1,657 |
| Cash | 1,311 | 1,950 | 2,059 | 2,178 | 1,804 |

## 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) | 17.2% | S100XQ1R |
| Fixed assets ÷ total assets | 13.6% | S100XQ1R |
| Goodwill ÷ parent equity | 4.0% | S100XQ1R |

### 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) | 49.9% |
| Cash ÷ revenue | 63.1% |
| Net cash (cash − interest-bearing debt) | ¥147.1M |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | 16 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 3.8% |
| 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2020 | — | —× | -32.7% | —× | — | S100NL0H |
| 2021 | — | —× | -21.0% | —× | — | S100NL0H |
| 2023 | 10.0% | 0.77× | 7.8% | 2.31× | 18.0% | S100VBEQ |
| 2024 | 0.1% | 0.91× | 0.1% | 2.45× | 0.2% | S100XQ1R |
| 2025 | — | —× | -11.0% | —× | — | S100XQ1R |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 藪ノ 賢次 | Major shareholder | 37.6% | 2025-11-30 |
| 株式会社ＳＢＩ証券 | Major shareholder | 8.8% | 2025-11-30 |
| 藪ノ 郁子 | Major shareholder | 7.5% | 2025-11-30 |
| 山本 新九郎 | Major shareholder | 7.1% | 2025-11-30 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 6.8% | 2025-11-30 |
| クックビズ従業員持株会 | Major shareholder | 3.9% | 2025-11-30 |
| ＧＦＣ株式会社 | Major shareholder | 2.6% | 2025-11-30 |
| 生田 亮人 | Major shareholder | 1.6% | 2025-11-30 |
| ＭＳＩＰ ＣＬＩＥＮＴ ＳＥＣＵＲＩＴＩＥＳ （常任代理人 モルガン・スタンレーＭＵＦＧ証券株式会社） | Major shareholder | 1.2% | 2025-11-30 |
| 西村 裕二 | Major shareholder | 1.1% | 2025-11-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 訂正有価証券報告書－第18期(2024/12/01－2025/11/30) | S100XQ1R | 2026-03-11 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XQ1R,, |
| 有価証券報告書－第17期(2023/12/01－2024/11/30) | S100VBEQ | 2025-02-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VBEQ,, |
| 有価証券報告書－第16期(2022/12/01－2023/11/30) | S100SYO3 | 2024-02-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100SYO3,, |
| 有価証券報告書－第14期(令和2年12月1日－令和3年11月30日) | S100NL0H | 2022-02-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100NL0H,, |
| 有価証券報告書－第13期(令和1年12月1日－令和2年11月30日) | S100KUKA | 2021-02-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100KUKA,, |

## 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).