# Ecomott Inc.: business model and financials

> Latest period: FY ending Aug 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第19期(2024/09/01－2025/08/31) (S100X72V)
> Page: https://vizora.meequs.com/en/company/ecomott
> Retrieved: 2026-09-30T18:18:02.047Z

## Company

Ecomott, founded in 2007, is a company in IT Services & System Integration listed on TSE Growth. It has 134 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Ecomott Inc. |
| Ticker | 3987 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3987.T) |
| Listing | TSE Growth |
| Head office | 札幌市中央区北一条東一丁目2番5号 |
| Representative (per filing) | 代表取締役 入澤 拓也 |
| Founded | Feb 2007 |
| Share capital | ¥618M |
| Employees (consolidated) | 134 |
| Average salary (parent only) | ¥5M |
| Fiscal year end | August |
| Website | www.ecomott.co.jp (https://www.ecomott.co.jp/) |
| Corporate number | 6430001034659 |
| EDINET | E33237 |
| Industries (Vizora) | IT Services & System Integration |

> Profile source: annual securities report (S100X72V, filed 2025-11-27). As of filing

## Five-axis industry profile

Primary industry: IT Services & System Integration (2025-08-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 53.8 | 157 |
| Profitability | 9.9 | 196 |
| Cash conversion | 0.8 | 185 |
| Efficiency | 41.1 | 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)

- Ecomott brought in ¥3B in revenue.
- Out of every ¥100 of sales, about ¥2 is left as operating profit.
- Revenue changed +11.6% from the prior year, operating profit +566.9%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥3B |  |
| Operating income | ¥49.6M | Margin 1.7% |
| Net income | -¥35M | Margin -1.2% |
| Free cash flow | -¥430.2M |  |
| Employees (consolidated) | 134 |  |
| EPS | ¥-30.04 |  |
| Book value per share | ¥140.15 |  |
| Equity ratio | 30.6% |  |
| Shares outstanding | 5,280,400 |  |
| Treasury shares | 113,400 |  |
| Shareholders | 7,439 |  |
| Average salary (parent only) | ¥5M | Filing company only |
| Cash ratio | 13.0% | Cash ÷ revenue 11.1% |
| Vs. industry median margin | -7.3 pp | IT Services & System Integration |
| ROA | -1.4% | Derived from disclosed figures |

## Notable figures

- FY2025, employees -4% while operating income rose 567%

## What changed in 4 years

| Metric | FY ending Aug 2021 | FY ending Aug 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥2162269000 | ¥3003786000 | +38.9% |
| Operating income | ¥61848000 | ¥49621000 | -19.8% |
| Operating margin | 2.9% | 1.7% | -1.2 pp |
| Employees | 154 people | 134 people | -13.0% |
| Cash and equivalents | ¥740411000 | ¥333366000 | -55.0% |

### Change in segment revenue mix

Span: FY ending Aug 2021 → FY ending Aug 2025. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 3,004 | 100.0% | S100X72V |
| Cost of revenue | 1,934 | 64.4% | S100X72V |
| Gross profit | 1,070 | 35.6% | S100X72V |
| SG&A | 1,020 | 34.0% | S100X72V |
| Operating income | 50 | 1.7% | S100X72V |
| Ordinary income | 54 | 1.8% | S100X72V |
| Pretax income | -5 | -0.2% | S100X72V |
| Income tax | 30 | 1.0% | S100X72V |
| Net income | -35 | -1.2% | S100X72V |
| Net income attributable to owners | -35 | -1.2% | S100X72V |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 64 |
| SG&A | 34 |
| Operating income | 2 |
| (Ref.) Net income | -1 |

### Margin funnel

Gross margin 35.6% → Operating margin 1.7% → Net margin -1.2%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +11.6%; Core profit growth: +566.9%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 49.06×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 2,693 | 3,004 | 311 | +11.6% |
| Gross profit | 1,003 | 1,070 | 67 | +6.7% |
| Operating income | 7 | 50 | 42 | +566.9% |
| Net income attributable to owners | -69 | -35 | 34 | — |
| Operating cash flow | 11 | -296 | -307 | -2686.3% |
| Free cash flow | -133 | -430 | -298 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Aug 2021 | 2,162 | 62 | 2.9% | 14 | 304 | 269 | S100PPBR |
| FY ending Aug 2022 | 2,217 | 20 | 0.9% | 28 | 84 | 31 | S100SCJ8 |
| FY ending Aug 2023 | 2,715 | -93 | -3.4% | -175 | -180 | -213 | S100UV7J |
| FY ending Aug 2024 | 2,693 | 7 | 0.3% | -69 | 11 | -133 | S100X72V |
| FY ending Aug 2025 | 3,004 | 50 | 1.7% | -35 | -296 | -430 | S100X72V |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥22.4M |
| Operating income per employee (consolidated) | ¥370.3K |
| Net income per employee (consolidated) | -¥261.5K |

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

| History | FY ending Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 154 | 150 | 132 | 140 | 134 |
| Average salary (parent company) | ¥4.6M | ¥4.1M | ¥4.4M | ¥4.9M | ¥5M |
| Average age (parent company) | 36.9 years | 38.6 years | 38.8 years | 38.4 years | 38.4 years |
| Average tenure (parent company) | 4.0 years | 4.4 years | 4.5 years | 4.9 years | 5.5 years |

Year over year: Employees (consolidated) -4.3% · Revenue (consolidated) +11.6%

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -296 | -9.8% | S100X72V |
| Capital expenditure | 135 | 4.5% | S100X72V |
| Free cash flow | -430 | -14.3% | 算出 |
| Investing cash flow | -248 | -8.2% | S100X72V |
| Financing cash flow | 294 | 9.8% | S100X72V |
| Share buyback | 50 | 1.7% | S100X72V |
| Change in cash | -249 | -8.3% | S100X72V |
| Cash and equivalents | 333 | 11.1% | S100X72V |

## 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 Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 740 | 546 | 586 | 583 | 333 | S100SCJ8, S100UV7J, S100X72V |
| Total assets | 1,964 | 1,872 | 2,237 | 2,584 | 2,559 | S100PPBR, S100SCJ8, S100UV7J, S100X72V |
| Net assets | 1,076 | 1,103 | 933 | 864 | 784 | S100SCJ8, S100UV7J, S100X72V |
| Share capital | 615 | 615 | 618 | 618 | 618 | S100PPBR, S100SCJ8, S100UV7J, S100X72V |
| Trade receivables | 309 | 307 | 452 | 315 | 320 | S100PPBR, S100SCJ8, S100UV7J, S100X72V |
| Property, plant and equipment | 145 | 174 | 132 | 229 | 176 | S100PPBR, S100SCJ8, S100UV7J, S100X72V |
| Intangible assets excluding goodwill | 85 | 77 | 39 | 98 | 200 | S100PPBR, S100SCJ8, S100UV7J, S100X72V |
| Goodwill | — | — | 10 | 8 | — | S100UV7J, S100X72V |
| Investment securities | 15 | 143 | 136 | 144 | 163 | S100PPBR, S100SCJ8, S100UV7J, S100X72V |
| Current assets | 1,652 | 1,370 | 1,833 | 2,012 | 1,916 | S100PPBR, S100SCJ8, S100UV7J, S100X72V |
| Current liabilities | 642 | 470 | 868 | 1,354 | 1,403 | S100PPBR, S100SCJ8, S100UV7J, S100X72V |
| Trade payables | 104 | 123 | 146 | 80 | 95 | S100PPBR, S100SCJ8, S100UV7J, S100X72V |
| Short-term borrowings | — | — | 118 | 420 | 550 | S100UV7J, S100X72V |
| Long-term borrowings | 242 | 288 | 418 | 287 | 322 | S100PPBR, S100SCJ8, S100UV7J, S100X72V |
| Total liabilities | 888 | 769 | 1,305 | 1,720 | 1,775 | S100PPBR, S100SCJ8, S100UV7J, S100X72V |
| Equity attributable to owners of parent | 1,076 | 1,103 | 933 | 864 | 784 | S100PPBR, S100SCJ8, S100UV7J, S100X72V |
| Retained earnings | -134 | -106 | -281 | -350 | -380 | S100PPBR, S100SCJ8, S100UV7J, S100X72V |
| Treasury stock | -11 | -11 | -12 | -12 | -62 | S100PPBR, S100SCJ8, S100UV7J, S100X72V |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 13% | S100X72V |
| Receivables | 13% | S100X72V |
| Property, plant and equipment | 7% | S100X72V |
| Intangibles and goodwill | 8% | S100X72V |
| Investment securities | 6% | S100X72V |
| Other assets | 53% | S100X72V |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 4% | S100X72V |
| Other liabilities | 66% | S100X72V |
| Equity | 30% | S100X72V |

### Balance sheet history

| Metric | FY ending Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 1,964 | 1,872 | 2,237 | 2,584 | 2,559 |
| Equity | 1,076 | 1,103 | 933 | 864 | 784 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 740 | 546 | 586 | 583 | 333 |

## 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) | 5.9% | S100X72V |
| Fixed assets ÷ total assets | 6.9% | S100X72V |
| Goodwill ÷ parent equity | — | —, S100X72V |

### 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) | 13.0% |
| Cash ÷ revenue | 11.1% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | -595.8% |
| Cash vs. profit gap | -261 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 4.5% |
| 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2021 | 0.6% | 1.10× | 0.7% | 1.83× | 1.3% | S100PPBR |
| 2022 | 1.3% | 1.16× | 1.4% | 1.76× | 2.5% | S100SCJ8 |
| 2023 | — | —× | -8.5% | —× | — | S100UV7J |
| 2024 | — | —× | -2.9% | —× | — | S100X72V |
| 2025 | — | —× | -1.4% | —× | — | S100X72V |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 入澤 拓也 | Major shareholder | 21.7% | 2025-08-31 |
| ＫＤＤＩ株式会社 | Major shareholder | 20.5% | 2025-08-31 |
| 積水樹脂株式会社 | Major shareholder | 5.0% | 2025-08-31 |
| 松永 崇 | Major shareholder | 4.5% | 2025-08-31 |
| 株式会社テラスカイ | Major shareholder | 1.3% | 2025-08-31 |
| J.P.MORGAN SECURITIES PLC（常任代理人 JPモルガン証券株式会社） | Major shareholder | 0.8% | 2025-08-31 |
| JPモルガン証券株式会社 | Major shareholder | 0.7% | 2025-08-31 |
| 楽天証券株式会社 | Major shareholder | 0.7% | 2025-08-31 |
| しなねん商事株式会社 | Major shareholder | 0.6% | 2025-08-31 |
| BNY GCM CLIENT ACCOUNT JPRD ACISG （常任代理人 株式会社三菱ＵＦＪ銀行） | Major shareholder | 0.6% | 2025-08-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第19期(2024/09/01－2025/08/31) | S100X72V | 2025-11-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100X72V,, |
| 有価証券報告書－第18期(2023/09/01－2024/08/31) | S100UV7J | 2024-11-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UV7J,, |
| 有価証券報告書－第17期(2022/09/01－2023/08/31) | S100SCJ8 | 2023-11-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100SCJ8,, |
| 有価証券報告書－第16期(令和3年9月1日－令和4年8月31日) | S100PPBR | 2022-11-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PPBR,, |
| 有価証券報告書－第15期(令和2年9月1日－令和3年8月31日) | S100MYAI | 2021-11-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MYAI,, |

## 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).