# DigitalCube Co. Ltd.: 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20期(2025/04/01－2026/03/31) (S100YN30)
> Page: https://vizora.meequs.com/en/company/digitalcube
> Retrieved: 2026-09-30T21:03:26.664Z

## Company

DigitalCube, founded in 2006, is a company in Cloud & Data Centers listed on Tokyo. It has 41 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | DigitalCube Co. Ltd. |
| Ticker | 263A |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/263A.T) |
| Listing | Tokyo |
| Head office | 兵庫県神戸市中央区海岸通5番地 |
| Representative (per filing) | 代表取締役社長 小賀 浩通 |
| Founded | Nov 2006 |
| Share capital | ¥71M |
| Employees (consolidated) | 41 |
| Fiscal year end | March |
| Website | www.digitalcube.jp (https://www.digitalcube.jp/) |
| Corporate number | 7140001029282 |
| EDINET | E40034 |
| Industries (Vizora) | Cloud & Data Centers |

> Profile source: annual securities report (S100YN30, filed 2026-06-29). As of filing

## Key points (generated from figures)

- DigitalCube brought in ¥641.2M in revenue.
- It lost about ¥12 for every ¥100 of sales at the operating level.
- Revenue changed +18.0% from the prior year.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥641.2M |  |
| Operating income | -¥72.8M | Margin -11.4% |
| Net income | -¥80.2M | Margin -12.5% |
| Free cash flow | — |  |
| Employees (consolidated) | 41 |  |
| EPS | ¥-115.03 |  |
| Book value per share | ¥-21.17 |  |
| Shares outstanding | 626,000 |  |
| Cash ratio | 28.0% | Cash ÷ revenue 10.5% |
| Vs. industry median margin | -16.7 pp | Cloud & Data Centers |
| ROA | -30.0% | Derived from disclosed figures |

## Notable figures

- FY2026, cash is 28% of total assets
- FY2026, operating loss is 12 per ¥100 of revenue

## What changed in 1 years

| Metric | FY ending Mar 2025 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥543512000 | ¥641154000 | +18.0% |
| Operating income | ¥-113883000 | ¥-72797000 | — |
| Operating margin | -21.0% | -11.4% | +9.6 pp |
| Employees | 43 people | 41 people | -4.7% |
| Cash and equivalents | ¥148921000 | ¥67536000 | -54.6% |

### Change in segment revenue mix

Span: FY ending Mar 2025 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 641 | 100.0% | S100YN30 |
| Cost of revenue | 479 | 74.7% | S100YN30 |
| Gross profit | 162 | 25.3% | S100YN30 |
| SG&A | 235 | 36.6% | S100YN30 |
| Operating income | -73 | -11.4% | S100YN30 |
| Ordinary income | -74 | -11.6% | S100YN30 |
| Pretax income | -74 | -11.6% | S100YN30 |
| Income tax | 6 | 0.9% | S100YN30 |
| Net income | -80 | -12.5% | S100YN30 |
| Net income attributable to owners | -80 | -12.5% | S100YN30 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 75 |
| SG&A | 37 |
| Operating income | -12 |
| (Ref.) Net income | -13 |

### Margin funnel

Gross margin 25.3% → Operating margin -11.4% → Net margin -12.5%
Derived from reported figures (DERIVED).

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 544 | 641 | 98 | +18.0% |
| Gross profit | 129 | 162 | 33 | +25.5% |
| Operating income | -114 | -73 | 41 | — |
| Net income attributable to owners | -111 | -80 | 31 | — |
| Operating cash flow | -94 | -91 | 3 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2025 | 544 | -114 | -21.0% | -111 | -94 | — | S100YN30 |
| FY ending Mar 2026 | 641 | -73 | -11.4% | -80 | -91 | — | S100YN30 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥15.6M |
| Operating income per employee (consolidated) | -¥1.8M |
| Net income per employee (consolidated) | -¥2M |

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

| History | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: |
| Employees (consolidated) | 43 | 41 |
| Average salary (parent company) | — | — |
| Average age (parent company) | — | — |
| Average tenure (parent company) | — | — |

Year over year: Employees (consolidated) -4.7% · Revenue (consolidated) +18.0%

## 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 | -91 | -14.2% | S100YN30 |
| Investing cash flow | -20 | -3.2% | S100YN30 |
| Financing cash flow | 30 | 4.7% | S100YN30 |
| Change in cash | -81 | -12.7% | S100YN30 |
| Cash and equivalents | 68 | 10.5% | S100YN30 |

## 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 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: |
| Cash and equivalents | 149 | 68 | S100YN30 |
| Total assets | 294 | 241 | S100YN30 |
| Net assets | 10 | -29 | S100YN30 |
| Share capital | 50 | 71 | S100YN30 |
| Property, plant and equipment | 0 | 0 | S100YN30 |
| Intangible assets excluding goodwill | 56 | 60 | S100YN30 |
| Goodwill | 2 | 10 | S100YN30 |
| Current assets | 227 | 174 | S100YN30 |
| Current liabilities | 141 | 139 | S100YN30 |
| Long-term borrowings | 143 | 131 | S100YN30 |
| Total liabilities | 284 | 270 | S100YN30 |
| Equity attributable to owners of parent | 10 | -29 | S100YN30 |
| Retained earnings | -123 | -203 | S100YN30 |

### Balance sheet history

| Metric | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: |
| Total assets | 294 | 241 |
| Equity | 10 | -29 |
| Interest-bearing debt | — | — |
| Cash | 149 | 68 |

## 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) | 0.0% | S100YN30 |
| Fixed assets ÷ total assets | 0.0% | S100YN30 |
| Goodwill ÷ parent equity | — | S100YN30 |

### 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) | 28.0% |
| Cash ÷ revenue | 10.5% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | -11 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | — |
| 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2025 | — | —× | -37.8% | —× | — | S100YN30 |
| 2026 | — | —× | -30.0% | —× | — | S100YN30 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| リジェネラティブ株式会社 | Major shareholder | 30.8% | 2026-03-31 |
| 小賀 浩通 | Major shareholder | 25.4% | 2026-03-31 |
| 立花 拓也 | Major shareholder | 16.3% | 2026-03-31 |
| みなと成長企業みらいファンド３号投資事業有限責任組合 | Major shareholder | 6.0% | 2026-03-31 |
| 堀内 康弘 | Major shareholder | 6.0% | 2026-03-31 |
| 宮内 隆行 | Major shareholder | 4.0% | 2026-03-31 |
| 和田 拓馬 | Major shareholder | 2.0% | 2026-03-31 |
| 株式会社ゼロジャパン | Major shareholder | 2.0% | 2026-03-31 |
| 岡本 渉 | Major shareholder | 1.6% | 2026-03-31 |
| 平野 樹 | Major shareholder | 1.6% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第20期(2025/04/01－2026/03/31) | S100YN30 | 2026-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YN30,, |

## 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).