# EARTH INFINITY CO.LTD.: business model and financials

> Latest period: FY ending Jul 2025, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第24期(2024/08/01－2025/07/31) (S100WWYA)
> Page: https://vizora.meequs.com/en/company/earth-infinity
> Retrieved: 2026-09-30T17:54:11.967Z

## Company

Earth Infinity, founded in 2002, is a company in Electric Power & Gas listed on TSE Standard. It has 22 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | EARTH INFINITY CO.LTD. |
| Ticker | 7692 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7692.T) |
| Listing | TSE Standard |
| Head office | 大阪府大阪市北区中之島二丁目3番18号 |
| Representative (per filing) | 代表取締役社長 濵田 幸一 |
| Founded | Jul 2002 |
| Share capital | ¥145M |
| Employees (consolidated) | 22 |
| Average salary (parent only) | ¥4.2M |
| Fiscal year end | July |
| Website | www.earth-infinity.co.jp (https://www.earth-infinity.co.jp/) |
| Corporate number | 4120001102102 |
| EDINET | E35932 |
| Industries (Vizora) | Electric Power & Gas, Electrical Equipment |

> Profile source: annual securities report (S100WWYA, filed 2025-10-27). As of filing

## Five-axis industry profile

Primary industry: Electric Power & Gas (2025-07-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 89.3 | 42 |
| Profitability | 78.4 | 44 |
| Cash conversion | 10.7 | 42 |
| Efficiency | 98.9 | 44 |
| Financial strength | 81.6 | 19 |

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 99% of Earth Infinity's sales come from Energy, with Electronic equipment making up much of the rest.
- Out of every ¥100 of sales, about ¥10 is left as operating profit.
- Revenue changed +34.5% from the prior year, operating profit +151.3%.

## Company structure

- Segment revenue mix: Energy 98.7%、Electronic equipment 1.3%
- Revenue → net income: ¥6725025000 → ¥461045000
- Net income → operating cash flow: ¥461045000 → ¥389836000（difference ¥-71209000）
- Main uses of operating cash flow: CapEx ¥6775000 / dividends ¥142686000 / buybacks —
- Change in cash: ¥314326000
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 | ¥6.73B |  |
| Operating income | ¥697M | Margin 10.4% |
| Net income | ¥461M | Margin 6.9% |
| Free cash flow | ¥383.1M |  |
| Largest business | Energy | of segment revenue 98.7% |
| Employees (consolidated) | 22 |  |
| EPS | ¥4.19 |  |
| Book value per share | ¥10.95 |  |
| Equity ratio | 39.4% |  |
| Shares outstanding | 110,131,200 |  |
| Treasury shares | 1,000 |  |
| Shareholders | 15,511 |  |
| Average salary (parent only) | ¥4.2M | Filing company only |
| Cash ratio | 28.8% | Net cash ¥1.4M · Cash ÷ revenue 13.1% |
| Vs. industry median margin | +3.4 pp | Electric Power & Gas |
| ROE | 44.0% | Derived from disclosed figures |
| ROA | 17.0% | Derived from disclosed figures |

## Notable figures

- FY2025, employees -33% while operating income rose 151%
- FY2025, one segment accounts for 97% of positive segment profit
- FY2025, cash is 29% of total assets

## What changed in 5 years

| Metric | FY ending Jul 2020 | FY ending Jul 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥3663955000 | ¥6725025000 | +83.5% |
| Operating income | ¥544932000 | ¥696975000 | +27.9% |
| Operating margin | 14.9% | 10.4% | -4.5 pp |
| Employees | 46 people | 22 people | -52.2% |
| Cash and equivalents | ¥720813000 | ¥880454000 | +22.1% |

### Change in segment revenue mix

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

| Flow | Revenue share |
| --- | ---: |
| エネルギー事業 → エネルギー事業 | 93.0% |
| 電子機器事業 → 電子機器事業 | 1.3% |
| 電子機器事業 → 事業再編・廃止 | 5.7% |
| 新設・再編 → エネルギー事業 | 5.7% |

Segment revenue source references: 4 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 6,725 | 100.0% | S100WWYA |
| Cost of revenue | 4,534 | 67.4% | S100WWYA |
| Gross profit | 2,191 | 32.6% | S100WWYA |
| SG&A | 1,494 | 22.2% | S100WWYA |
| Operating income | 697 | 10.4% | S100WWYA |
| Ordinary income | 675 | 10.0% | S100WWYA |
| Pretax income | 675 | 10.0% | S100WWYA |
| Income tax | 214 | 3.2% | S100WWYA |
| Net income | 461 | 6.9% | S100WWYA |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 68 |
| SG&A | 22 |
| Operating income | 10 |
| (Ref.) Net income | 7 |

### Margin funnel

Gross margin 32.6% → Operating margin 10.4% → Net margin 6.9%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +34.5%; Core profit growth: +151.3%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 4.39×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 5,000 | 6,725 | 1,725 | +34.5% |
| Gross profit | 1,396 | 2,191 | 796 | +57.0% |
| Operating income | 277 | 697 | 420 | +151.3% |
| Operating cash flow | 80 | 390 | 310 | +390.2% |
| Free cash flow | 72 | 383 | 311 | +429.5% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jul 2019 | 3,465 | 228 | 6.6% | 167 | 122 | — | S100JZN0 |
| FY ending Jul 2020 | 3,664 | 545 | 14.9% | 375 | 567 | 562 | S100MOA7 |
| FY ending Jul 2021 | 3,754 | 180 | 4.8% | 125 | -212 | -355 | S100PFAT |
| FY ending Jul 2022 | 4,583 | -420 | -9.2% | -389 | -497 | -701 | S100S2QH |
| FY ending Jul 2023 | 5,242 | 593 | 11.3% | 386 | 694 | 464 | S100ULCS |
| FY ending Jul 2024 | 5,000 | 277 | 5.5% | 150 | 80 | 72 | S100WWYA |
| FY ending Jul 2025 | 6,725 | 697 | 10.4% | 461 | 390 | 383 | S100WWYA |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥305.7M |
| Operating income per employee (consolidated) | ¥31.7M |
| Net income per employee (consolidated) | ¥21M |

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

| History | FY ending Jul 2021 | FY ending Jul 2022 | FY ending Jul 2023 | FY ending Jul 2024 | FY ending Jul 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 49 | 30 | 39 | 33 | 22 |
| Average salary (parent company) | ¥4.4M | ¥4.3M | ¥3.8M | ¥3.8M | ¥4.2M |
| Average age (parent company) | 36.0 years | 37.0 years | 35.8 years | 35.7 years | 35.2 years |
| Average tenure (parent company) | 3.9 years | 4.8 years | 4.1 years | 4.5 years | 4.4 years |

Year over year: Employees (consolidated) -33.3% · Revenue (consolidated) +34.5%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Energy | 6,638 | 98.7% | 1,104 | 16.6% |
| Electronic equipment | 87 | 1.3% | 31 | 35.1% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Energy | 98.7% | 97.3% | -1.4 | 16.6% |
| Electronic equipment | 1.3% | 2.7% | 1.4 | 35.1% |

Segment → industry: Energy → Electric Power & Gas / Electronic equipment → Electrical Equipment

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 390 | 5.8% | S100WWYA |
| Capital expenditure | 7 | 0.1% | S100WWYA |
| Free cash flow | 383 | 5.7% | 算出 |
| Investing cash flow | -7 | -0.1% | S100WWYA |
| Financing cash flow | -69 | -1.0% | S100WWYA |
| Dividends paid | 143 | 2.1% | S100WWYA |
| Change in cash | 314 | 4.7% | S100WWYA |
| Cash and equivalents | 880 | 13.1% | S100WWYA |

## 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 Jul 2021 | FY ending Jul 2022 | FY ending Jul 2023 | FY ending Jul 2024 | FY ending Jul 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 415 | 466 | 963 | 566 | 880 | S100S2QH, S100ULCS, S100WWYA |
| Total assets | 1,593 | 2,229 | 2,584 | 2,366 | 3,061 | S100PFAT, S100S2QH, S100ULCS, S100WWYA |
| Net assets | 993 | 473 | 859 | 888 | 1,206 | S100S2QH, S100ULCS, S100WWYA |
| Share capital | 145 | 145 | 145 | 145 | 145 | S100PFAT, S100S2QH, S100ULCS, S100WWYA |
| Inventories | 5 | 14 | 6 | 5 | 2 | S100PFAT, S100S2QH, S100ULCS, S100WWYA |
| Property, plant and equipment | 145 | 338 | 541 | 506 | 477 | S100PFAT, S100S2QH, S100ULCS, S100WWYA |
| Intangible assets excluding goodwill | 5 | 4 | 4 | 8 | 6 | S100PFAT, S100S2QH, S100ULCS, S100WWYA |
| Investment securities | — | 193 | 115 | 76 | 58 | S100S2QH, S100ULCS, S100WWYA |
| Current assets | 1,195 | 1,494 | 1,683 | 1,588 | 2,312 | S100PFAT, S100S2QH, S100ULCS, S100WWYA |
| Current liabilities | 527 | 1,208 | 1,040 | 919 | 1,376 | S100PFAT, S100S2QH, S100ULCS, S100WWYA |
| Short-term borrowings | — | 510 | 400 | 200 | 400 | S100S2QH, S100ULCS, S100WWYA |
| Long-term borrowings | 73 | 449 | 586 | 460 | 379 | S100PFAT, S100S2QH, S100ULCS, S100WWYA |
| Bonds | — | 100 | 100 | 100 | 100 | S100S2QH, S100ULCS, S100WWYA |
| Interest-bearing debt | — | 1,058 | 1,086 | 760 | 879 | 算出 |
| Total liabilities | 600 | 1,756 | 1,726 | 1,478 | 1,855 | S100PFAT, S100S2QH, S100ULCS, S100WWYA |
| Equity attributable to owners of parent | 993 | 473 | 859 | 888 | 1,206 | S100PFAT, S100S2QH, S100ULCS, S100WWYA |
| Retained earnings | 713 | 192 | 578 | 607 | 925 | S100PFAT, S100S2QH, S100ULCS, S100WWYA |
| Treasury stock | -0 | -0 | -0 | -0 | -0 | S100PFAT, S100S2QH, S100ULCS, S100WWYA |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 29% | S100WWYA |
| Inventories | 0% | S100WWYA |
| Property, plant and equipment | 16% | S100WWYA |
| Intangibles and goodwill | 0% | S100WWYA |
| Investment securities | 2% | S100WWYA |
| Other assets | 53% | S100WWYA |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Interest-bearing debt | 29% | 算出 |
| Other liabilities | 32% | S100WWYA |
| Equity | 39% | S100WWYA |
| Other liabilities | 0% | S100WWYA |

### Balance sheet history

| Metric | FY ending Jul 2021 | FY ending Jul 2022 | FY ending Jul 2023 | FY ending Jul 2024 | FY ending Jul 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 1,593 | 2,229 | 2,584 | 2,366 | 3,061 |
| Equity | 993 | 473 | 859 | 888 | 1,206 |
| Interest-bearing debt | — | 1,058 | 1,086 | 760 | 879 |
| Cash | 415 | 466 | 963 | 566 | 880 |

## 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) | 7.1% | S100WWYA |
| Fixed assets ÷ total assets | 15.6% | S100WWYA |
| Goodwill ÷ parent equity | — | —, S100WWYA |

### 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) | 28.8% |
| Cash ÷ revenue | 13.1% |
| Net cash (cash − interest-bearing debt) | ¥1.4M |
| Net debt ÷ operating cash flow | -0.00× |
| Cash conversion (operating CF ÷ operating income) | 55.9% |
| Cash vs. profit gap | -71 JPY mn (of net income -15.4%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 30.9% |
| Shareholder payments — dividends / FCF | 37.2% |
| CapEx intensity (capex ÷ revenue) | 0.1% |
| Investing CF relative to operating CF | 1.7% |

## 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 | 3.3% | 2.36× | 7.8% | 1.60× | 12.6% | S100PFAT |
| 2022 | — | —× | -20.4% | —× | — | S100S2QH |
| 2023 | 7.4% | 2.18× | 16.0% | 3.62× | 58.0% | S100ULCS |
| 2024 | 3.0% | 2.02× | 6.1% | 2.83× | 17.2% | S100WWYA |
| 2025 | 6.9% | 2.48× | 17.0% | 2.59× | 44.0% | S100WWYA |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 濵田 幸一 | Major shareholder | 49.8% | 2025-07-31 |
| 楽天証券株式会社 | Major shareholder | 3.5% | 2025-07-31 |
| ＪＰモルガン証券株式会社 | Major shareholder | 0.9% | 2025-07-31 |
| 藤山 勝敏 | Major shareholder | 0.8% | 2025-07-31 |
| 西村 雄治 | Major shareholder | 0.7% | 2025-07-31 |
| 森 英一郎 | Major shareholder | 0.6% | 2025-07-31 |
| ＳＭＢＣ日興証券株式会社 | Major shareholder | 0.6% | 2025-07-31 |
| 田村 博 | Major shareholder | 0.6% | 2025-07-31 |
| 松井証券株式会社 | Major shareholder | 0.5% | 2025-07-31 |
| 三菱ＵＦＪｅスマート証券株式会社 | Major shareholder | 0.5% | 2025-07-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第24期(2024/08/01－2025/07/31) | S100WWYA | 2025-10-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WWYA,, |
| 有価証券報告書－第23期(2023/08/01－2024/07/31) | S100ULCS | 2024-10-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100ULCS,, |
| 有価証券報告書－第22期(2022/08/01－2023/07/31) | S100S2QH | 2023-10-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100S2QH,, |
| 有価証券報告書－第21期(令和3年8月1日－令和4年7月31日) | S100PFAT | 2022-10-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PFAT,, |
| 有価証券報告書－第20期(令和2年8月1日－令和3年7月31日) | S100MOA7 | 2021-10-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MOA7,, |
| 有価証券報告書－第19期(令和1年8月1日－令和2年7月31日) | S100JZN0 | 2020-10-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100JZN0,, |

## 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).