# GEOLIVE Group Corporation: 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17期(2025/04/01－2026/03/31) (S100YI2B)
> Page: https://vizora.meequs.com/en/company/geolive-group
> Retrieved: 2026-09-30T18:31:19.029Z

## Company

GEOLIVE Group, founded in 2000, is a company in Specialty Trading & Wholesale listed on TSE Standard. It has 1,870 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | GEOLIVE Group Corporation |
| Ticker | 3157 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3157.T) |
| Listing | TSE Standard |
| Head office | 東京都港区新橋六丁目3番4号 |
| Representative (per filing) | 代表取締役社長 植木 啓之 |
| Founded | Sep 2000 |
| Share capital | ¥850M |
| Employees (consolidated) | 1,870 |
| Average salary (parent only) | ¥6.9M |
| Fiscal year end | March |
| Website | www.geolive.co.jp (https://www.geolive.co.jp/) |
| Corporate number | 8010401084328 |
| EDINET | E23288 |
| Industries (Vizora) | Specialty Trading & Wholesale |

> Profile source: annual securities report (S100YI2B, filed 2026-06-24). As of filing

## Five-axis industry profile

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

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 43.3 | 179 |
| Profitability | 13.8 | 185 |
| Cash conversion | 80.2 | 179 |
| Efficiency | 74.9 | 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)

- GEOLIVE Group brought in ¥185.8B in revenue.
- Out of every ¥100 of sales, about ¥1 is left as operating profit.
- Revenue changed +5.5% from the prior year, operating profit +16.3%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥185754000000 → ¥2144000000
- Net income → operating cash flow: ¥2144000000 → ¥3560000000（difference ¥1416000000）
- Main uses of operating cash flow: CapEx ¥750000000 / dividends ¥570000000 / buybacks —
- Change in cash: ¥-2057000000
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 | ¥185.8B |  |
| Operating income | ¥2.12B | Margin 1.1% |
| Net income | ¥2.14B | Margin 1.1% |
| Free cash flow | ¥2.81B |  |
| Employees (consolidated) | 1,870 |  |
| EPS | ¥237.58 |  |
| Book value per share | ¥731.42 |  |
| Equity ratio | 26.0% |  |
| Shares outstanding | 13,767,052 |  |
| Treasury shares | 495,300 |  |
| Shareholders | 12,724 |  |
| Average salary (parent only) | ¥6.9M | Filing company only |
| Cash ratio | 15.7% | Cash ÷ revenue 8.1% |
| Vs. industry median margin | -1.7 pp | Specialty Trading & Wholesale |
| ROE | 9.2% | Derived from disclosed figures |
| ROA | 2.3% | Derived from disclosed figures |

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥148649000000 | ¥185754000000 | +25.0% |
| Operating income | ¥1224000000 | ¥2115000000 | +72.8% |
| Operating margin | 0.8% | 1.1% | +0.3 pp |
| Employees | 1,113 people | 1,870 people | +68.0% |
| Cash and equivalents | ¥10758000000 | ¥15022000000 | +39.6% |

### Change in segment revenue mix

Span: FY ending Mar 2021 → 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 | 185,754 | 100.0% | S100YI2B |
| Cost of revenue | 159,897 | 86.1% | S100YI2B |
| Gross profit | 25,856 | 13.9% | S100YI2B |
| SG&A | 23,740 | 12.8% | S100YI2B |
| Operating income | 2,115 | 1.1% | S100YI2B |
| Ordinary income | 3,025 | 1.6% | S100YI2B |
| Pretax income | 2,962 | 1.6% | S100YI2B |
| Income tax | 817 | 0.4% | S100YI2B |
| Net income | 2,144 | 1.2% | S100YI2B |
| Net income attributable to owners | 2,136 | 1.1% | S100YI2B |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 86 |
| SG&A | 13 |
| Operating income | 1 |
| (Ref.) Net income | 1 |

### Margin funnel

Gross margin 13.9% → Operating margin 1.1% → Net margin 1.1%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +5.5%; Core profit growth: +16.3%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.97×
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 | 176,115 | 185,754 | 9,639 | +5.5% |
| Gross profit | 23,368 | 25,856 | 2,488 | +10.6% |
| Operating income | 1,819 | 2,115 | 296 | +16.3% |
| Net income attributable to owners | 1,505 | 2,136 | 631 | +41.9% |
| Operating cash flow | 2,304 | 3,560 | 1,256 | +54.5% |
| Free cash flow | 2,098 | 2,810 | 712 | +33.9% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 162,398 | 1,541 | 0.9% | 1,279 | 4,576 | 4,223 | S100LPO3 |
| FY ending Mar 2021 | 148,649 | 1,224 | 0.8% | 1,394 | 521 | 36 | S100OIAM |
| FY ending Mar 2022 | 172,627 | 2,901 | 1.7% | 2,293 | 2,644 | 1,258 | S100R59W |
| FY ending Mar 2023 | 182,768 | 3,462 | 1.9% | 2,978 | 2,738 | -38 | S100TSGL |
| FY ending Mar 2024 | 166,321 | 2,230 | 1.3% | 2,489 | 3,067 | 2,778 | S100W5K9 |
| FY ending Mar 2025 | 176,115 | 1,819 | 1.0% | 1,505 | 2,304 | 2,098 | S100YI2B |
| FY ending Mar 2026 | 185,754 | 2,115 | 1.1% | 2,136 | 3,560 | 2,810 | S100YI2B |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥99.3M |
| Operating income per employee (consolidated) | ¥1.1M |
| Net income per employee (consolidated) | ¥1.1M |

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) | 1,131 | 1,155 | 1,166 | 1,511 | 1,870 |
| Average salary (parent company) | ¥6.7M | ¥7M | ¥7.2M | ¥6.4M | ¥6.9M |
| Average age (parent company) | 41.8 years | 41.7 years | 42.5 years | 41.7 years | 41.8 years |
| Average tenure (parent company) | 12.7 years | 12.3 years | 12.8 years | 12.0 years | 11.2 years |

Year over year: Employees (consolidated) +23.8% · Revenue (consolidated) +5.5%

## 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 | 3,560 | 1.9% | S100YI2B |
| Capital expenditure | 750 | 0.4% | S100YI2B |
| Free cash flow | 2,810 | 1.5% | 算出 |
| Investing cash flow | -490 | -0.3% | S100YI2B |
| Financing cash flow | -5,128 | -2.8% | S100YI2B |
| Dividends paid | 570 | 0.3% | S100YI2B |
| Change in cash | -2,057 | -1.1% | S100YI2B |
| Cash and equivalents | 15,022 | 8.1% | S100YI2B |

## 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 | 10,771 | 12,013 | 15,038 | 17,080 | 15,022 | S100TSGL, S100W5K9, S100YI2B |
| Total assets | 75,832 | 78,446 | 76,178 | 89,377 | 95,956 | S100R59W, S100TSGL, S100W5K9, S100YI2B |
| Net assets | 18,165 | 20,599 | 22,422 | 23,206 | 24,998 | S100TSGL, S100W5K9, S100YI2B |
| Share capital | 850 | 850 | 850 | 850 | 850 | S100R59W, S100TSGL, S100W5K9, S100YI2B |
| Property, plant and equipment | 11,770 | 14,137 | 13,953 | 19,043 | 21,352 | S100R59W, S100TSGL, S100W5K9, S100YI2B |
| Intangible assets excluding goodwill | 519 | 339 | 292 | 1,746 | 2,563 | S100R59W, S100TSGL, S100W5K9, S100YI2B |
| Goodwill | 218 | 69 | 40 | 1,279 | 2,182 | S100R59W, S100TSGL, S100W5K9, S100YI2B |
| Investment securities | 2,165 | 2,418 | 1,815 | 1,833 | 2,178 | S100R59W, S100TSGL, S100W5K9, S100YI2B |
| Current assets | 59,897 | 59,989 | 58,441 | 64,580 | 67,466 | S100R59W, S100TSGL, S100W5K9, S100YI2B |
| Current liabilities | 53,350 | 51,866 | 47,499 | 53,589 | 59,366 | S100R59W, S100TSGL, S100W5K9, S100YI2B |
| Trade payables | 33,569 | 32,294 | 28,955 | 29,830 | 33,240 | S100R59W, S100TSGL, S100W5K9, S100YI2B |
| Short-term borrowings | 482 | 300 | 0 | 2,560 | 110 | S100R59W, S100TSGL, S100W5K9, S100YI2B |
| Long-term borrowings | 2,083 | 3,794 | 3,858 | 9,348 | 7,456 | S100R59W, S100TSGL, S100W5K9, S100YI2B |
| Total liabilities | 57,666 | 57,847 | 53,756 | 66,170 | 70,957 | S100R59W, S100TSGL, S100W5K9, S100YI2B |
| Non-controlling interests | — | — | — | 74 | 76 | S100YI2B |
| Equity attributable to owners of parent | 17,258 | 19,613 | 21,518 | 22,519 | 24,085 | S100R59W, S100TSGL, S100W5K9, S100YI2B |
| Retained earnings | 16,354 | 18,709 | 20,615 | 21,616 | 23,182 | S100R59W, S100TSGL, S100W5K9, S100YI2B |
| Treasury stock | -232 | -232 | -233 | -233 | -233 | S100R59W, S100TSGL, S100W5K9, S100YI2B |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 16% | S100YI2B |
| Property, plant and equipment | 22% | S100YI2B |
| Intangibles and goodwill | 5% | S100YI2B |
| Investment securities | 2% | S100YI2B |
| Other assets | 55% | S100YI2B |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 35% | S100YI2B |
| Other liabilities | 39% | S100YI2B |
| Equity | 26% | S100YI2B |
| Other liabilities | 0% | S100YI2B |

### 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 | 75,832 | 78,446 | 76,178 | 89,377 | 95,956 |
| Equity | 18,165 | 20,599 | 22,422 | 23,206 | 24,998 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 10,771 | 12,013 | 15,038 | 17,080 | 15,022 |

## 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) | 11.5% | S100YI2B |
| Fixed assets ÷ total assets | 22.3% | S100YI2B |
| Goodwill ÷ parent equity | 9.1% | S100YI2B |

Goodwill over 4 years: 218 → 2,182 JPY; total investing cash flow: -5,299 JPY. This does not imply causation.

### 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) | 15.7% |
| Cash ÷ revenue | 8.1% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 168.3% |
| Cash vs. profit gap | 1,424 JPY mn (of net income 66.7%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 26.7% |
| Shareholder payments — dividends / FCF | 20.3% |
| CapEx intensity (capex ÷ revenue) | 0.4% |
| Investing CF relative to operating CF | 13.8% |

## 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 | 1.3% | 2.28× | 3.0% | 4.39× | 13.3% | S100R59W |
| 2023 | 1.6% | 2.37× | 3.9% | 4.18× | 16.2% | S100TSGL |
| 2024 | 1.5% | 2.15× | 3.2% | 3.76× | 12.1% | S100W5K9 |
| 2025 | 0.9% | 2.13× | 1.8% | 3.76× | 6.8% | S100YI2B |
| 2026 | 1.1% | 2.00× | 2.3% | 3.98× | 9.2% | S100YI2B |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社ベニア商会 | Major shareholder | 27.2% | 2026-03-31 |
| 足立 建一郎 | Major shareholder | 7.8% | 2026-03-31 |
| ジオリーブグループ社員持株会 | Major shareholder | 6.1% | 2026-03-31 |
| 梅崎 紀枝 | Major shareholder | 3.9% | 2026-03-31 |
| ＤＡＩＫＥＮ株式会社 | Major shareholder | 3.2% | 2026-03-31 |
| 株式会社ユーエム興産 | Major shareholder | 3.2% | 2026-03-31 |
| 住友林業株式会社 | Major shareholder | 3.1% | 2026-03-31 |
| 伊藤忠建材株式会社 | Major shareholder | 3.1% | 2026-03-31 |
| 梅崎 興司 | Major shareholder | 2.5% | 2026-03-31 |
| ＳＭＢ建材株式会社 | Major shareholder | 2.3% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第17期(2025/04/01－2026/03/31) | S100YI2B | 2026-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YI2B,, |
| 有価証券報告書－第16期(2024/04/01－2025/03/31) | S100W5K9 | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W5K9,, |
| 有価証券報告書－第15期(2023/04/01－2024/03/31) | S100TSGL | 2024-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TSGL,, |
| 有価証券報告書－第14期(2022/04/01－2023/03/31) | S100R59W | 2023-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R59W,, |
| 有価証券報告書－第13期(令和3年4月1日－令和4年3月31日) | S100OIAM | 2022-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OIAM,, |
| 有価証券報告書－第12期(令和2年4月1日－令和3年3月31日) | S100LPO3 | 2021-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LPO3,, |

## 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).