# Foodison, Inc.: 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13期(2025/04/01－2026/03/31) (S100YJIB)
> Page: https://vizora.meequs.com/en/company/foodison
> Retrieved: 2026-09-30T18:32:17.491Z

## Company

Foodison, founded in 2013, is a company in Specialty Trading & Wholesale listed on TSE Growth. It has 103 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Foodison, Inc. |
| Ticker | 7114 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7114.T) |
| Listing | TSE Growth |
| Head office | 東京都中央区勝どき三丁目3番7号 |
| Representative (per filing) | 代表取締役CEO 山本 徹 |
| Founded | Apr 2013 |
| Share capital | ¥893.1M |
| Employees (consolidated) | 103 |
| Average salary (parent only) | ¥5M |
| Fiscal year end | March |
| Website | foodison.jp (https://foodison.jp/) |
| Corporate number | 8010401104993 |
| EDINET | E38167 |
| Industries (Vizora) | Specialty Trading & Wholesale |

> Profile source: annual securities report (S100YJIB, filed 2026-06-26). As of filing

## Five-axis industry profile

Primary industry: Specialty Trading & Wholesale (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 99.2 | 179 |
| Profitability | 41.4 | 185 |
| Cash conversion | 25.4 | 179 |
| Efficiency | 85.1 | 185 |

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)

- Foodison brought in ¥7.82B in revenue.
- Out of every ¥100 of sales, about ¥2 is left as operating profit.
- Revenue changed +13.9% from the prior year, operating profit +9.8%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥7820013000 → ¥146780000
- Net income → operating cash flow: ¥146780000 → ¥103076000（difference ¥-43704000）
- Main uses of operating cash flow: CapEx ¥45251000 / dividends — / buybacks ¥111984000
- Change in cash: ¥-29269000
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 | ¥7.82B |  |
| Operating income | ¥183.8M | Margin 2.4% |
| Net income | ¥146.8M | Margin 1.9% |
| Free cash flow | ¥57.8M |  |
| Employees (consolidated) | 103 |  |
| EPS | ¥32.69 |  |
| Diluted EPS | ¥32.45 |  |
| Book value per share | ¥529 |  |
| Equity ratio | 71.2% |  |
| Shares outstanding | 4,642,240 |  |
| Treasury shares | 185,700 |  |
| Shareholders | 5,212 |  |
| Average salary (parent only) | ¥5M | Filing company only |
| Cash ratio | 60.6% | Cash ÷ revenue 25.7% |
| Vs. industry median margin | -0.5 pp | Specialty Trading & Wholesale |
| ROE | 6.3% | Derived from disclosed figures |
| ROA | 4.5% | Derived from disclosed figures |

## Notable figures

- FY2026, revenue is 2.2× its level five years ago
- FY2026, cash is 61% of total assets
- FY2026, employees -6% while operating income rose 10%

## What changed in 4 years

| Metric | FY ending Mar 2022 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥3592211000 | ¥7820013000 | +117.7% |
| Operating income | ¥-43837000 | ¥183777000 | — |
| Operating margin | -1.2% | 2.4% | +3.6 pp |
| Employees | 106 people | 103 people | -2.8% |
| Cash and equivalents | ¥810867000 | ¥2006684000 | +147.5% |

### Change in segment revenue mix

Span: FY ending Mar 2022 → 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 | 7,820 | 100.0% | S100YJIB |
| Cost of revenue | 5,145 | 65.8% | S100YJIB |
| Gross profit | 2,675 | 34.2% | S100YJIB |
| SG&A | 2,491 | 31.9% | S100YJIB |
| Operating income | 184 | 2.4% | S100YJIB |
| Ordinary income | 186 | 2.4% | S100YJIB |
| Pretax income | 167 | 2.1% | S100YJIB |
| Income tax | 20 | 0.3% | S100YJIB |
| Net income | 147 | 1.9% | S100YJIB |
| Net income attributable to owners | 147 | 1.9% | S100YJIB |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 66 |
| SG&A | 32 |
| Operating income | 2 |
| (Ref.) Net income | 2 |

### Margin funnel

Gross margin 34.2% → Operating margin 2.4% → Net margin 1.9%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +13.9%; Core profit growth: +9.8%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): 0.70×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 6,866 | 7,820 | 954 | +13.9% |
| Gross profit | 2,453 | 2,675 | 222 | +9.0% |
| Operating income | 167 | 184 | 16 | +9.8% |
| Net income attributable to owners | 143 | 147 | 4 | +2.8% |
| Operating cash flow | 74 | 103 | 29 | +39.1% |
| Free cash flow | 57 | 58 | 1 | +1.5% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2022 | 3,592 | -44 | -1.2% | -13 | -96 | -120 | S100RA4T |
| FY ending Mar 2023 | 5,279 | 137 | 2.6% | 101 | 296 | 265 | S100TSH8 |
| FY ending Mar 2024 | 6,352 | 196 | 3.1% | 192 | 128 | 110 | S100W917 |
| FY ending Mar 2025 | 6,866 | 167 | 2.4% | 143 | 74 | 57 | S100YJIB |
| FY ending Mar 2026 | 7,820 | 184 | 2.4% | 147 | 103 | 58 | S100YJIB |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥75.9M |
| Operating income per employee (consolidated) | ¥1.8M |
| Net income per employee (consolidated) | ¥1.4M |

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

| History | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 106 | 101 | 102 | 110 | 103 |
| Average salary (parent company) | — | ¥4.7M | ¥5M | ¥4.7M | ¥5M |
| Average age (parent company) | — | 36.4 years | 37.2 years | 37.0 years | 37.7 years |
| Average tenure (parent company) | — | 3.8 years | 4.6 years | 4.3 years | 4.7 years |

Year over year: Employees (consolidated) -6.4% · Revenue (consolidated) +13.9%

## 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 | 103 | 1.3% | S100YJIB |
| Capital expenditure | 45 | 0.6% | S100YJIB |
| Free cash flow | 58 | 0.7% | 算出 |
| Investing cash flow | -16 | -0.2% | S100YJIB |
| Financing cash flow | -117 | -1.5% | S100YJIB |
| Share buyback | 112 | 1.4% | S100YJIB |
| Change in cash | -29 | -0.4% | S100YJIB |
| Cash and equivalents | 2,007 | 25.7% | S100YJIB |

## 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 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 811 | 2,195 | 2,302 | 2,036 | 2,007 | S100TSH8, S100W917, S100YJIB |
| Total assets | 1,537 | 3,017 | 3,408 | 3,218 | 3,311 | S100RA4T, S100TSH8, S100W917, S100YJIB |
| Net assets | 389 | 1,944 | 2,197 | 2,292 | 2,359 | S100TSH8, S100W917, S100YJIB |
| Share capital | 100 | 827 | 858 | 878 | 893 | S100RA4T, S100TSH8, S100W917, S100YJIB |
| Property, plant and equipment | 85 | 82 | 218 | 223 | 200 | S100RA4T, S100TSH8, S100W917, S100YJIB |
| Intangible assets excluding goodwill | 3 | 2 | 1 | 1 | 10 | S100RA4T, S100TSH8, S100W917, S100YJIB |
| Current assets | 1,398 | 2,858 | 3,090 | 2,893 | 2,992 | S100RA4T, S100TSH8, S100W917, S100YJIB |
| Current liabilities | 600 | 564 | 878 | 623 | 690 | S100RA4T, S100TSH8, S100W917, S100YJIB |
| Short-term borrowings | 249 | — | — | — | — | S100RA4T |
| Long-term borrowings | 506 | 468 | 186 | 154 | 115 | S100RA4T, S100TSH8, S100W917, S100YJIB |
| Total liabilities | 1,148 | 1,074 | 1,211 | 925 | 953 | S100RA4T, S100TSH8, S100W917, S100YJIB |
| Equity attributable to owners of parent | 389 | 1,944 | 2,197 | 2,291 | 2,357 | S100RA4T, S100TSH8, S100W917, S100YJIB |
| Retained earnings | -598 | -497 | -305 | 135 | 281 | S100RA4T, S100TSH8, S100W917, S100YJIB |
| Treasury stock | — | -0 | -0 | -89 | -200 | S100TSH8, S100W917, S100YJIB |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 61% | S100YJIB |
| Property, plant and equipment | 6% | S100YJIB |
| Intangibles and goodwill | 0% | S100YJIB |
| Other assets | 33% | S100YJIB |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 29% | S100YJIB |
| Equity | 71% | S100YJIB |

### Balance sheet history

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 1,537 | 3,017 | 3,408 | 3,218 | 3,311 |
| Equity | 389 | 1,944 | 2,197 | 2,292 | 2,359 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 811 | 2,195 | 2,302 | 2,036 | 2,007 |

## 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) | 2.6% | S100YJIB |
| Fixed assets ÷ total assets | 6.0% | S100YJIB |
| Goodwill ÷ parent equity | — | —, S100YJIB |

### 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) | 60.6% |
| Cash ÷ revenue | 25.7% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 56.1% |
| Cash vs. profit gap | -44 JPY mn (of net income -29.8%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 0.6% |
| Investing CF relative to operating CF | 15.2% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | — | —× | -0.8% | —× | — | S100RA4T |
| 2023 | 1.9% | 2.32× | 4.4% | 1.95× | 8.7% | S100TSH8 |
| 2024 | 3.0% | 1.98× | 6.0% | 1.55× | 9.3% | S100W917 |
| 2025 | 2.1% | 2.07× | 4.3% | 1.48× | 6.4% | S100YJIB |
| 2026 | 1.9% | 2.40× | 4.5% | 1.40× | 6.3% | S100YJIB |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 山本 徹 | Major shareholder | 43.6% | 2026-03-31 |
| 株式会社リープラジャパン | Major shareholder | 14.4% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 8.5% | 2026-03-31 |
| ＳＢＩ ＡＩ＆Ｂｌｏｃｋｃｈａｉｎ投資事業有限責任組合 | Major shareholder | 2.7% | 2026-03-31 |
| 株式会社ミロク情報サービス | Major shareholder | 1.5% | 2026-03-31 |
| 谷村 格 | Major shareholder | 1.4% | 2026-03-31 |
| 野村信託銀行株式会社（投信口） | Major shareholder | 0.7% | 2026-03-31 |
| 千葉 喬義 | Major shareholder | 0.7% | 2026-03-31 |
| 齋藤 行村 | Major shareholder | 0.6% | 2026-03-31 |
| Ｊ．Ｐ．Ｍｏｒｇａｎ Ｓｅｃｕｒｉ ｔｉｅs ｐｌｃ (常任代理人ＪＰモルガン証券株式会社) | Major shareholder | 0.6% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第13期(2025/04/01－2026/03/31) | S100YJIB | 2026-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YJIB,, |
| 有価証券報告書－第12期(2024/04/01－2025/03/31) | S100W917 | 2025-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W917,, |
| 有価証券報告書－第11期(2023/04/01－2024/03/31) | S100TSH8 | 2024-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TSH8,, |
| 有価証券報告書－第10期(2022/04/01－2023/03/31) | S100RA4T | 2023-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RA4T,, |

## 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).