# Geolocation Technology, Inc.: business model and financials

> Latest period: FY ending Jun 2026, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第27期(2025/07/01－2026/06/30) (S100Z3C1)
> Page: https://vizora.meequs.com/en/company/geolocation-technology
> Retrieved: 2026-09-30T19:48:34.472Z

## Company

Geolocation Technology, founded in 2000, is a company in Software & SaaS listed on Fukuoka. It has 39 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Geolocation Technology, Inc. |
| Ticker | 4018 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/4018.T) |
| Listing | Fukuoka |
| Head office | 静岡県三島市一番町18-22 |
| Representative (per filing) | 代表取締役社長 山本 敬介 |
| Founded | Feb 2000 |
| Share capital | ¥236.1M |
| Employees (consolidated) | 39 |
| Average salary (parent only) | ¥4.7M |
| Fiscal year end | June |
| Website | www.geolocation.co.jp (https://www.geolocation.co.jp/) |
| Corporate number | 4080101006447 |
| EDINET | E36312 |
| Industries (Vizora) | Software & SaaS |

> Profile source: annual securities report (S100Z3C1, filed 2026-09-25). As of filing

## Key points (generated from figures)

- About 100% of Geolocation Technology's sales come from IP Geolocation Business, with Other Businesses making up much of the rest.
- It lost about ¥10 for every ¥100 of sales at the operating level.
- Revenue changed +3.6% from the prior year, operating profit -290.6%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥710.5M |  |
| Operating income | -¥71.5M | Margin -10.1% |
| Net income | -¥55.5M | Margin -7.8% |
| Free cash flow | -¥123.9M |  |
| Largest business | IP Geolocation Business | of segment revenue 99.8% |
| Employees (consolidated) | 39 |  |
| EPS | ¥-34.94 |  |
| Book value per share | ¥333.89 |  |
| Equity ratio | 74.5% |  |
| Shares outstanding | 1,588,000 |  |
| Shareholders | 1,659 |  |
| Average salary (parent only) | ¥4.7M | Filing company only |
| Cash ratio | 67.3% | Cash ÷ revenue 67.4% |
| Vs. industry median margin | -22.5 pp | Software & SaaS |
| ROA | -7.5% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 100% of positive segment profit
- FY2026, segment profit share differs by 100 points
- FY2026, cash is 67% of total assets

## What changed in 5 years

| Metric | FY ending Jun 2021 | FY ending Jun 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥583658000 | ¥710496000 | +21.7% |
| Operating income | ¥49915000 | ¥-71488000 | -243.2% |
| Operating margin | 8.6% | -10.1% | -18.6 pp |
| Employees | 37 people | 39 people | +5.4% |
| Cash and equivalents | ¥272306000 | ¥478660000 | +75.8% |

### Change in segment revenue mix

Span: FY ending Jun 2021 → FY ending Jun 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| IP Geolocation事業 → IP Geolocation事業 | 94.8% |
| IPアドレス移転事業 → 事業再編・廃止 | 5.2% |
| 新設・再編 → IP Geolocation事業 | 4.9% |
| 新設・再編 → その他事業 | 0.2% |

Segment revenue source references: 4 (derived)

## Income statement（FY ending Jun 2026, non-consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 710 | 100.0% | S100Z3C1 |
| Cost of revenue | 287 | 40.4% | S100Z3C1 |
| Gross profit | 424 | 59.6% | S100Z3C1 |
| SG&A | 495 | 69.7% | S100Z3C1 |
| Operating income | -71 | -10.1% | S100Z3C1 |
| Ordinary income | -65 | -9.1% | S100Z3C1 |
| Pretax income | -65 | -9.1% | S100Z3C1 |
| Income tax | -9 | -1.3% | S100Z3C1 |
| Net income | -55 | -7.8% | S100Z3C1 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 40 |
| SG&A | 70 |
| Operating income | -10 |
| (Ref.) Net income | -8 |

### Margin funnel

Gross margin 59.6% → Operating margin -10.1% → Net margin -7.8%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Turned to a loss
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 686 | 710 | 24 | +3.6% |
| Gross profit | 436 | 424 | -12 | -2.8% |
| Operating income | 38 | -71 | -109 | -290.6% |
| Operating cash flow | 16 | -53 | -69 | -427.4% |
| Free cash flow | 15 | -124 | -139 | -933.8% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jun 2020 | 475 | 32 | 6.8% | 23 | 63 | — | S100MIIN |
| FY ending Jun 2021 | 584 | 50 | 8.6% | 35 | 88 | 83 | S100P9L2 |
| FY ending Jun 2022 | 728 | 156 | 21.4% | 99 | 101 | 98 | S100RX1R |
| FY ending Jun 2023 | 767 | 116 | 15.1% | 38 | 42 | 32 | S100UG3M |
| FY ending Jun 2024 | 717 | 76 | 10.6% | 38 | 66 | — | S100WQXY |
| FY ending Jun 2025 | 686 | 38 | 5.5% | 19 | 16 | 15 | S100Z3C1 |
| FY ending Jun 2026 | 710 | -71 | -10.1% | -55 | -53 | -124 | S100Z3C1 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥18.2M |
| 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 Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 36 | 39 | 39 | 42 | 39 |
| Average salary (parent company) | ¥4.9M | ¥4.7M | ¥4.7M | ¥4.5M | ¥4.7M |
| Average age (parent company) | 35.8 years | 36.0 years | 37.7 years | 35.8 years | 35.3 years |
| Average tenure (parent company) | 4.6 years | 4.5 years | 4.8 years | 4.6 years | 5.2 years |

Year over year: Employees (consolidated) -7.1% · Revenue (consolidated) +3.6%

## Segments（FY ending Jun 2026, non-consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| IP Geolocation Business | 709 | 99.8% | -73 | -10.3% |
| Other Businesses | 2 | 0.2% | 2 | 97.3% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| IP Geolocation Business | 99.8% | — | — | -10.3% |
| Other Businesses | 0.2% | 100.0% | 99.8 | 97.3% |

Loss-making segment (excluded from profit shares): IP Geolocation Business -73 JPY mn

Segment → industry: IP Geolocation Business → Software & SaaS

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Jun 2026, non-consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -53 | -7.4% | S100Z3C1 |
| Capital expenditure | 71 | 10.0% | S100Z3C1 |
| Free cash flow | -124 | -17.4% | 算出 |
| Investing cash flow | -75 | -10.5% | S100Z3C1 |
| Financing cash flow | -15 | -2.1% | S100Z3C1 |
| Dividends paid | 16 | 2.2% | S100Z3C1 |
| Change in cash | -143 | -20.1% | S100Z3C1 |
| Cash and equivalents | 479 | 67.4% | S100Z3C1 |

## 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 Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 595 | 557 | 614 | 621 | 479 | S100UG3M, S100WQXY, S100Z3C1 |
| Total assets | 716 | 703 | 729 | 772 | 712 | S100RX1R, S100UG3M, S100WQXY, S100Z3C1 |
| Net assets | 526 | 560 | 590 | 601 | 530 | S100UG3M, S100WQXY, S100Z3C1 |
| Share capital | 225 | 229 | 230 | 236 | 236 | S100RX1R, S100UG3M, S100WQXY, S100Z3C1 |
| Property, plant and equipment | 3 | 4 | 3 | 3 | 17 | S100RX1R, S100UG3M, S100WQXY, S100Z3C1 |
| Intangible assets excluding goodwill | 7 | 11 | 8 | 4 | 68 | S100RX1R, S100UG3M, S100WQXY, S100Z3C1 |
| Investment securities | — | 18 | — | — | — | S100UG3M |
| Current assets | 682 | 656 | 708 | 738 | 606 | S100RX1R, S100UG3M, S100WQXY, S100Z3C1 |
| Current liabilities | 187 | 141 | 136 | 169 | 179 | S100RX1R, S100UG3M, S100WQXY, S100Z3C1 |
| Total liabilities | 189 | 144 | 138 | 171 | 181 | S100RX1R, S100UG3M, S100WQXY, S100Z3C1 |
| Equity attributable to owners of parent | 522 | 554 | 586 | 601 | 530 | S100RX1R, S100UG3M, S100WQXY, S100Z3C1 |
| Retained earnings | 82 | 105 | 135 | 138 | 66 | S100RX1R, S100UG3M, S100WQXY, S100Z3C1 |
| Treasury stock | -0 | -0 | -0 | -0 | -0 | S100RX1R, S100UG3M, S100WQXY, S100Z3C1 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 67% | S100Z3C1 |
| Property, plant and equipment | 2% | S100Z3C1 |
| Intangibles and goodwill | 10% | S100Z3C1 |
| Other assets | 21% | S100Z3C1 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 25% | S100Z3C1 |
| Equity | 75% | S100Z3C1 |

### Balance sheet history

| Metric | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 716 | 703 | 729 | 772 | 712 |
| Equity | 526 | 560 | 590 | 601 | 530 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 595 | 557 | 614 | 621 | 479 |

## 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) | 2.3% | S100Z3C1 |
| Fixed assets ÷ total assets | 2.3% | S100Z3C1 |
| Goodwill ÷ parent equity | — | —, S100Z3C1 |

### 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) | 67.3% |
| Cash ÷ revenue | 67.4% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | 3 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 10.0% |
| 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 13.7% | 1.02× | 13.9% | 1.37× | 19.0% | S100RX1R |
| 2023 | 5.0% | 1.08× | 5.4% | 1.32× | 7.1% | S100UG3M |
| 2024 | 5.3% | 1.00× | 5.3% | 1.26× | 6.6% | S100WQXY |
| 2025 | 2.7% | 0.91× | 2.5% | 1.27× | 3.1% | S100Z3C1 |
| 2026 | — | —× | -7.5% | —× | — | S100Z3C1 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 小川 武重 | Major shareholder | 21.9% | 2026-06-30 |
| 株式会社エレファント | Major shareholder | 20.4% | 2026-06-30 |
| 株式会社キャピタルバンク | Major shareholder | 11.1% | 2026-06-30 |
| 山本 敬介 | Major shareholder | 9.1% | 2026-06-30 |
| 遠藤 寿彦 | Major shareholder | 2.7% | 2026-06-30 |
| Geolocation Technology従業員持株会 | Major shareholder | 1.7% | 2026-06-30 |
| 株式会社MASA | Major shareholder | 1.3% | 2026-06-30 |
| 株式会社NORIKO | Major shareholder | 1.3% | 2026-06-30 |
| 川浦 豊 | Major shareholder | 0.8% | 2026-06-30 |
| 西野 正恭 | Major shareholder | 0.8% | 2026-06-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第27期(2025/07/01－2026/06/30) | S100Z3C1 | 2026-09-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z3C1,, |
| 有価証券報告書－第26期(2024/07/01－2025/06/30) | S100WQXY | 2025-09-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WQXY,, |
| 有価証券報告書－第25期(2023/07/01－2024/06/30) | S100UG3M | 2024-09-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UG3M,, |
| 有価証券報告書－第24期(2022/07/01－2023/06/30) | S100RX1R | 2023-09-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RX1R,, |
| 有価証券報告書－第23期(令和3年7月1日－令和4年6月30日) | S100P9L2 | 2022-09-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100P9L2,, |
| 有価証券報告書－第22期(令和2年7月1日－令和3年6月30日) | S100MIIN | 2021-09-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MIIN,, |

## 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).