# DIGITALIFT Inc.: business model and financials

> Latest period: FY ending Sep 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第13期(2024/10/01－2025/09/30) (S100XCIW)
> Page: https://vizora.meequs.com/en/company/digitalift
> Retrieved: 2026-09-30T19:48:31.852Z

## Company

Digitalift, founded in 2012, is a company in Advertising listed on TSE Growth. It has 55 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | DIGITALIFT Inc. |
| Ticker | 9244 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/9244.T) |
| Listing | TSE Growth |
| Head office | 東京都渋谷区神宮前六丁目17番11号 |
| Representative (per filing) | 代表取締役 百本 正博 |
| Founded | Nov 2012 |
| Share capital | ¥140.5M |
| Employees (consolidated) | 55 |
| Average salary (parent only) | ¥5.6M |
| Fiscal year end | September |
| Website | digitalift.co.jp (https://digitalift.co.jp/) |
| Corporate number | 8011301019084 |
| EDINET | E36961 |
| Industries (Vizora) | Advertising |

> Profile source: annual securities report (S100XCIW, filed 2025-12-24). As of filing

## Five-axis industry profile

Primary industry: Advertising (2025-09-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 47.1 | 86 |
| Cash conversion | 75.3 | 75 |
| Efficiency | 71.5 | 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)

- Digitalift brought in ¥3.49B in revenue.
- Out of every ¥100 of sales, about ¥5 is left as operating profit.
- Revenue changed +4.9% from the prior year, operating profit +453.7%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥3490010000 → ¥119385000
- Net income → operating cash flow: ¥119385000 → ¥231131000（difference ¥111746000）
- Main uses of operating cash flow: CapEx ¥4722000 / dividends — / buybacks ¥58000
- Change in cash: ¥-97536000
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 | ¥3.49B |  |
| Operating income | ¥187.5M | Margin 5.4% |
| Net income | ¥108.1M | Margin 3.1% |
| Free cash flow | ¥226.4M |  |
| Employees (consolidated) | 55 |  |
| EPS | ¥46.6 |  |
| Diluted EPS | ¥46.4 |  |
| Book value per share | ¥485.7 |  |
| Equity ratio | 32.0% |  |
| Shares outstanding | 1,571,000 |  |
| Treasury shares | 140,000 |  |
| Shareholders | 948 |  |
| Average salary (parent only) | ¥5.6M | Filing company only |
| Cash ratio | 65.4% | Cash ÷ revenue 42.0% |
| Vs. industry median margin | -0.3 pp | Advertising |
| ROE | 16.3% | Derived from disclosed figures |
| ROA | 4.8% | Derived from disclosed figures |

## Notable figures

- FY2025, employees -10% while operating income rose 454%
- FY2025, operating cash flow is 2.1× net income
- FY2025, cash is 65% of total assets

## What changed in 5 years

Currency or consolidation scope differs; percentage changes are omitted.

| Metric | FY ending Sep 2020 | FY ending Sep 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥2065315000 | ¥3490010000 | — |
| Operating income | ¥110852000 | ¥187494000 | — |
| Operating margin | 5.4% | 5.4% | 0 pp |
| Employees | 43 people | 55 people | — |
| Cash and equivalents | ¥449400000 | ¥1466498000 | — |

### Change in segment revenue mix

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

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 3,490 | 100.0% | S100XCIW |
| Cost of revenue | 2,358 | 67.6% | S100XCIW |
| Gross profit | 1,132 | 32.4% | S100XCIW |
| SG&A | 944 | 27.1% | S100XCIW |
| Operating income | 187 | 5.4% | S100XCIW |
| Ordinary income | 186 | 5.3% | S100XCIW |
| Pretax income | 192 | 5.5% | S100XCIW |
| Income tax | 72 | 2.1% | S100XCIW |
| Net income | 119 | 3.4% | S100XCIW |
| Net income attributable to owners | 108 | 3.1% | S100XCIW |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 68 |
| SG&A | 27 |
| Operating income | 5 |
| (Ref.) Net income | 3 |

### Margin funnel

Gross margin 32.4% → Operating margin 5.4% → Net margin 3.1%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +4.9%; Core profit growth: +453.7%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 92.03×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 3,326 | 3,490 | 164 | +4.9% |
| Gross profit | 763 | 1,132 | 369 | +48.4% |
| Operating income | 34 | 187 | 154 | +453.7% |
| Net income attributable to owners | -74 | 108 | 182 | — |
| Operating cash flow | -9 | 231 | 240 | — |
| Free cash flow | -31 | 226 | 257 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Sep 2020 | 2,065 | 111 | 5.4% | 73 | 22 | 12 | S100N2IG |
| FY ending Sep 2021 | 2,336 | 199 | 8.5% | 128 | 159 | 158 | S100PX3S |
| FY ending Sep 2022 | 2,633 | 185 | 7.0% | 148 | 124 | 123 | S100PX3S |
| FY ending Sep 2023 | 3,561 | 100 | 2.8% | 53 | 83 | — | S100UZD3 |
| FY ending Sep 2024 | 3,326 | 34 | 1.0% | -74 | -9 | -31 | S100XCIW |
| FY ending Sep 2025 | 3,490 | 187 | 5.4% | 108 | 231 | 226 | S100XCIW |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥63.5M |
| Operating income per employee (consolidated) | ¥3.4M |
| 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 Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 48 | 66 | 68 | 61 | 55 |
| Average salary (parent company) | ¥4.5M | ¥4.3M | ¥5M | ¥5M | ¥5.6M |
| Average age (parent company) | 32.9 years | 32.6 years | 33.4 years | 35.8 years | 38.8 years |
| Average tenure (parent company) | 1.9 years | 1.9 years | 2.6 years | 3.7 years | 3.0 years |

Year over year: Employees (consolidated) -9.8% · Revenue (consolidated) +4.9%

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 231 | 6.6% | S100XCIW |
| Capital expenditure | 5 | 0.1% | S100XCIW |
| Free cash flow | 226 | 6.5% | 算出 |
| Investing cash flow | 16 | 0.5% | S100XCIW |
| Financing cash flow | -345 | -9.9% | S100XCIW |
| Share buyback | 0 | 0.0% | S100XCIW |
| Change in cash | -98 | -2.8% | S100XCIW |
| Cash and equivalents | 1,466 | 42.0% | S100XCIW |

## 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 Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 804 | 1,069 | 1,238 | 1,564 | 1,466 | S100PX3S, S100XCIW |
| Total assets | 1,181 | 1,458 | 1,927 | 2,287 | 2,243 | S100PX3S, S100UZD3, S100XCIW |
| Net assets | 530 | 772 | 692 | 626 | 779 | S100PX3S, S100XCIW |
| Share capital | 89 | 136 | 137 | 139 | 140 | S100PX3S, S100UZD3, S100XCIW |
| Property, plant and equipment | 10 | 8 | 6 | 25 | 23 | S100PX3S, S100UZD3, S100XCIW |
| Intangible assets excluding goodwill | — | — | 133 | 102 | 81 | S100UZD3, S100XCIW |
| Goodwill | — | — | 133 | 102 | 80 | S100UZD3, S100XCIW |
| Investment securities | — | 10 | 0 | 56 | 120 | S100PX3S, S100UZD3, S100XCIW |
| Current assets | 1,136 | 1,404 | 1,750 | 2,047 | 1,955 | S100PX3S, S100UZD3, S100XCIW |
| Current liabilities | 611 | 604 | 1,058 | 1,269 | 1,252 | S100PX3S, S100UZD3, S100XCIW |
| Short-term borrowings | 200 | 200 | 438 | 525 | 500 | S100PX3S, S100UZD3, S100XCIW |
| Long-term borrowings | 36 | 78 | 174 | 388 | 211 | S100PX3S, S100UZD3, S100XCIW |
| Total liabilities | 651 | 685 | 1,235 | 1,661 | 1,464 | S100PX3S, S100UZD3, S100XCIW |
| Non-controlling interests | — | — | 2 | 4 | 47 | S100UZD3, S100XCIW |
| Equity attributable to owners of parent | 530 | 772 | 677 | 605 | 717 | S100PX3S, S100UZD3, S100XCIW |
| Retained earnings | 357 | 505 | 558 | 484 | 592 | S100PX3S, S100UZD3, S100XCIW |
| Treasury stock | — | -0 | -150 | -150 | -150 | S100PX3S, S100UZD3, S100XCIW |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 66% | S100XCIW |
| Property, plant and equipment | 1% | S100XCIW |
| Intangibles and goodwill | 7% | S100XCIW |
| Investment securities | 5% | S100XCIW |
| Other assets | 21% | S100XCIW |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 65% | S100XCIW |
| Equity | 35% | S100XCIW |

### Balance sheet history

| Metric | FY ending Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 1,181 | 1,458 | 1,927 | 2,287 | 2,243 |
| Equity | 530 | 772 | 692 | 626 | 779 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 804 | 1,069 | 1,238 | 1,564 | 1,466 |

## 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) | 0.6% | S100XCIW |
| Fixed assets ÷ total assets | 1.0% | S100XCIW |
| Goodwill ÷ parent equity | 11.2% | S100XCIW |

### 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) | 65.4% |
| Cash ÷ revenue | 42.0% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 123.3% |
| Cash vs. profit gap | 123 JPY mn (of net income 113.8%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 0.1% |
| Investing CF relative to operating CF | 7.1% |

## 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 | 5.5% | 1.98× | 10.8% | 2.23× | 24.1% | S100PX3S |
| 2022 | 5.6% | 2.00× | 11.2% | 2.03× | 22.7% | S100PX3S |
| 2023 | 1.5% | 1.85× | 2.7% | 2.85× | 7.8% | S100UZD3 |
| 2024 | — | —× | -3.5% | —× | — | S100XCIW |
| 2025 | 3.1% | 1.54× | 4.8% | 3.42× | 16.3% | S100XCIW |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 百本 正博 | Major shareholder | 34.5% | 2025-09-30 |
| 株式会社フリークアウト・ホールディングス | Major shareholder | 33.5% | 2025-09-30 |
| 鈴木 智博 | Major shareholder | 2.1% | 2025-09-30 |
| 海老根 智仁 | Major shareholder | 1.3% | 2025-09-30 |
| 有限会社ＥＩＦ | Major shareholder | 1.0% | 2025-09-30 |
| ＮＯＭＵＲＡ ＩＮＴＥＲＮＡＴＩＯＮＡＬ ＰＬＣ Ａ／Ｃ ＪＡＰＡＮ ＦＬＯＷ | Major shareholder | 0.7% | 2025-09-30 |
| ＪＰ ＪＰＭＳＥ ＬＵＸ ＲＥ ＵＢＳ ＡＧ ＬＯＮＤＯＮ ＢＲＡＮＣＨＥＱ ＣＯ | Major shareholder | 0.7% | 2025-09-30 |
| モルガン・スタンレーＭＵＦＧ証券株式会社 | Major shareholder | 0.5% | 2025-09-30 |
| Ｊ．Ｐ．ＭＯＲＧＡＮ ＳＥＣＵＲＩＴＩＥＳ ＰＬＣ | Major shareholder | 0.5% | 2025-09-30 |
| 戸田尚吾 | Major shareholder | 0.3% | 2025-09-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第13期(2024/10/01－2025/09/30) | S100XCIW | 2025-12-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XCIW,, |
| 有価証券報告書－第12期(2023/10/01－2024/09/30) | S100UZD3 | 2024-12-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UZD3,, |
| 有価証券報告書－第11期(2022/10/01－2023/09/30) | S100SIEI | 2023-12-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100SIEI,, |
| 訂正有価証券報告書－第10期(2021/10/01－2022/09/30) | S100PX3S | 2023-01-10 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PX3S,, |
| 有価証券報告書－第9期(令和2年10月1日－令和3年9月30日) | S100N2IG | 2021-12-17 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100N2IG,, |

## 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).