# Global Kids Company Corp.: business model and financials

> Latest period: FY ending Sep 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第10期(2024/10/01－2025/09/30) (S100XAXC)
> Page: https://vizora.meequs.com/en/company/global-kids
> Retrieved: 2026-09-30T23:27:47.343Z

## Company

Global Kids Company, founded in 2015, is a company in Childcare listed on TSE Standard. It has 3,358 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Global Kids Company Corp. |
| Ticker | 6189 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6189.T) |
| Listing | TSE Standard |
| Head office | 東京都千代田区富士見二丁目14番36号 |
| Representative (per filing) | 代表取締役社長 中正 雄一 |
| Founded | Oct 2015 |
| Share capital | ¥1.32B |
| Employees (consolidated) | 3,358 |
| Average salary (parent only) | ¥8.5M |
| Fiscal year end | September |
| Website | www.gkids.jp (https://www.gkids.jp/) |
| Corporate number | 1010001170889 |
| EDINET | E32156 |
| Industries (Vizora) | Childcare |

> Profile source: annual securities report (S100XAXC, filed 2025-12-17). As of filing

## Five-axis industry profile

Primary industry: Childcare (2025-09-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 5 | 10 |
| Profitability | 29.2 | 12 |
| Cash conversion | 87.5 | 12 |
| Efficiency | 54.2 | 12 |

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)

- Global Kids Company brought in ¥27B in revenue.
- Out of every ¥100 of sales, about ¥3 is left as operating profit.
- Revenue changed +2.1% from the prior year, operating profit +8.7%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥26997000000 → ¥72000000
- Net income → operating cash flow: ¥72000000 → ¥1637000000（difference ¥1565000000）
- Main uses of operating cash flow: CapEx ¥53000000 / dividends ¥520000000 / buybacks —
- Change in cash: ¥1399000000
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 | ¥27B |  |
| Operating income | ¥858M | Margin 3.2% |
| Net income | ¥72M | Margin 0.3% |
| Free cash flow | ¥1.58B |  |
| Employees (consolidated) | 3,358 |  |
| EPS | ¥54.62 |  |
| Diluted EPS | ¥54.61 |  |
| Book value per share | ¥562.34 |  |
| Equity ratio | 38.4% |  |
| Shares outstanding | 9,519,707 |  |
| Treasury shares | 17,700 |  |
| Shareholders | 4,357 |  |
| Average salary (parent only) | ¥8.5M | Filing company only |
| Cash ratio | 13.2% | Cash ÷ revenue 9.8% |
| Vs. industry median margin | -0.8 pp | Childcare |
| ROE | 0.9% | Derived from disclosed figures |
| ROA | 0.4% | Derived from disclosed figures |

## Notable figures

- FY2025, operating cash flow is 22.7× net income

## What changed in 5 years

| Metric | FY ending Sep 2020 | FY ending Sep 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥22160000000 | ¥26997000000 | +21.8% |
| Operating income | ¥477000000 | ¥858000000 | +79.9% |
| Operating margin | 2.2% | 3.2% | +1 pp |
| Employees | 2,941 people | 3,358 people | +14.2% |
| Cash and equivalents | ¥1816000000 | ¥2641000000 | +45.4% |

### Change in segment revenue mix

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

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 26,997 | 100.0% | S100XAXC |
| Cost of revenue | 24,311 | 90.1% | S100XAXC |
| Gross profit | 2,685 | 9.9% | S100XAXC |
| SG&A | 1,827 | 6.8% | S100XAXC |
| Operating income | 858 | 3.2% | S100XAXC |
| Ordinary income | 808 | 3.0% | S100XAXC |
| Pretax income | 130 | 0.5% | S100XAXC |
| Income tax | 58 | 0.2% | S100XAXC |
| Net income | 72 | 0.3% | S100XAXC |
| Net income attributable to owners | 72 | 0.3% | S100XAXC |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 90 |
| SG&A | 7 |
| Operating income | 3 |
| (Ref.) Net income | 0 |

### Margin funnel

Gross margin 9.9% → Operating margin 3.2% → Net margin 0.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +2.1%; Core profit growth: +8.7%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 4.21×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 26,448 | 26,997 | 549 | +2.1% |
| Gross profit | 2,665 | 2,685 | 20 | +0.8% |
| Operating income | 789 | 858 | 69 | +8.7% |
| Net income attributable to owners | 256 | 72 | -184 | -71.9% |
| Operating cash flow | 1,488 | 1,637 | 149 | +10.0% |
| Free cash flow | 1,063 | 1,584 | 521 | +49.0% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Sep 2019 | 19,694 | 173 | 0.9% | 1,116 | 2,196 | -516 | S100KFJS |
| FY ending Sep 2020 | 22,160 | 477 | 2.2% | 438 | 1,999 | 1,054 | S100N3SJ |
| FY ending Sep 2021 | 23,529 | 576 | 2.4% | 481 | 1,235 | 444 | S100PU45 |
| FY ending Sep 2022 | 24,352 | 707 | 2.9% | -314 | 1,503 | 770 | S100SHU8 |
| FY ending Sep 2023 | 25,136 | 341 | 1.4% | -55 | 1,154 | 802 | S100UZ4K |
| FY ending Sep 2024 | 26,448 | 789 | 3.0% | 256 | 1,488 | 1,063 | S100XAXC |
| FY ending Sep 2025 | 26,997 | 858 | 3.2% | 72 | 1,637 | 1,584 | S100XAXC |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥8M |
| Operating income per employee (consolidated) | ¥255.5K |
| Net income per employee (consolidated) | ¥21.4K |

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

| History | FY ending Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 3,076 | 3,008 | 3,157 | 2,825 | 3,358 |
| Average salary (parent company) | — | — | — | — | ¥8.5M |
| Average age (parent company) | — | — | — | 46.4 years | 48.5 years |
| Average tenure (parent company) | — | — | — | 5.4 years | 6.9 years |

Year over year: Employees (consolidated) +18.9% · Revenue (consolidated) +2.1%

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 1,637 | 6.1% | S100XAXC |
| Capital expenditure | 53 | 0.2% | S100XAXC |
| Free cash flow | 1,584 | 5.9% | 算出 |
| Investing cash flow | -2,105 | -7.8% | S100XAXC |
| Financing cash flow | 1,868 | 6.9% | S100XAXC |
| Dividends paid | 520 | 1.9% | S100XAXC |
| Change in cash | 1,399 | 5.2% | S100XAXC |
| Cash and equivalents | 2,641 | 9.8% | S100XAXC |

## 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 Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 1,327 | 1,303 | 1,359 | 1,241 | 2,641 | S100SHU8, S100UZ4K, S100XAXC |
| Total assets | 18,110 | 16,601 | 16,675 | 15,461 | 20,066 | S100PU45, S100SHU8, S100UZ4K, S100XAXC |
| Net assets | 8,658 | 8,367 | 8,104 | 8,115 | 7,714 | S100SHU8, S100UZ4K, S100XAXC |
| Share capital | 1,288 | 1,296 | 1,302 | 1,309 | 1,321 | S100PU45, S100SHU8, S100UZ4K, S100XAXC |
| Property, plant and equipment | 11,360 | 9,587 | 9,093 | 8,281 | 8,654 | S100PU45, S100SHU8, S100UZ4K, S100XAXC |
| Intangible assets excluding goodwill | 42 | 33 | 299 | 324 | 2,162 | S100PU45, S100SHU8, S100UZ4K, S100XAXC |
| Goodwill | — | — | — | — | 1,968 | S100XAXC |
| Investment securities | 50 | 47 | 27 | 27 | 27 | S100PU45, S100SHU8, S100UZ4K, S100XAXC |
| Current assets | 4,130 | 4,546 | 4,753 | 4,569 | 6,612 | S100PU45, S100SHU8, S100UZ4K, S100XAXC |
| Current liabilities | 3,212 | 3,217 | 3,652 | 3,418 | 4,805 | S100PU45, S100SHU8, S100UZ4K, S100XAXC |
| Short-term borrowings | — | — | — | — | 550 | S100XAXC |
| Long-term borrowings | 3,711 | 2,957 | 3,026 | 2,120 | 5,384 | S100PU45, S100SHU8, S100UZ4K, S100XAXC |
| Total liabilities | 9,452 | 8,233 | 8,571 | 7,346 | 12,351 | S100PU45, S100SHU8, S100UZ4K, S100XAXC |
| Equity attributable to owners of parent | 8,701 | 8,402 | 8,118 | 8,106 | 7,680 | S100PU45, S100SHU8, S100UZ4K, S100XAXC |
| Retained earnings | 5,442 | 5,127 | 4,836 | 4,811 | 4,350 | S100PU45, S100SHU8, S100UZ4K, S100XAXC |
| Treasury stock | -6 | -6 | -12 | -12 | 0 | S100PU45, S100SHU8, S100UZ4K, S100XAXC |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 13% | S100XAXC |
| Property, plant and equipment | 43% | S100XAXC |
| Intangibles and goodwill | 21% | S100XAXC |
| Investment securities | 0% | S100XAXC |
| Other assets | 23% | S100XAXC |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 62% | S100XAXC |
| Equity | 38% | S100XAXC |
| Other liabilities | 0% | S100XAXC |

### Balance sheet history

| Metric | FY ending Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 18,110 | 16,601 | 16,675 | 15,461 | 20,066 |
| Equity | 8,658 | 8,367 | 8,104 | 8,115 | 7,714 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 1,327 | 1,303 | 1,359 | 1,241 | 2,641 |

## 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) | 32.1% | S100XAXC |
| Fixed assets ÷ total assets | 43.1% | S100XAXC |
| Goodwill ÷ parent equity | 25.6% | S100XAXC |

### 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) | 13.2% |
| Cash ÷ revenue | 9.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 190.8% |
| Cash vs. profit gap | 1,565 JPY mn (of net income 2173.6%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 722.2% |
| Shareholder payments — dividends / FCF | 32.8% |
| CapEx intensity (capex ÷ revenue) | 0.2% |
| Investing CF relative to operating CF | 128.6% |

## 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 | 2.0% | 1.30× | 2.7% | 2.08× | 5.5% | S100PU45 |
| 2022 | — | —× | -1.8% | —× | — | S100SHU8 |
| 2023 | — | —× | -0.3% | —× | — | S100UZ4K |
| 2024 | 1.0% | 1.65× | 1.6% | 1.98× | 3.2% | S100XAXC |
| 2025 | 0.3% | 1.52× | 0.4% | 2.25× | 0.9% | S100XAXC |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社なかや | Major shareholder | 41.3% | 2025-09-30 |
| 中正雄一 | Major shareholder | 5.8% | 2025-09-30 |
| 日本生命保険相互会社 | Major shareholder | 4.8% | 2025-09-30 |
| 株式会社こどもの森 | Major shareholder | 4.5% | 2025-09-30 |
| 株式会社カナモリコーポレーション | Major shareholder | 4.2% | 2025-09-30 |
| 宇田川三郎 | Major shareholder | 2.7% | 2025-09-30 |
| 生川雅也 | Major shareholder | 1.6% | 2025-09-30 |
| グローバルキッズ従業員持株会 | Major shareholder | 1.4% | 2025-09-30 |
| 東京建物株式会社 | Major shareholder | 1.1% | 2025-09-30 |
| 田浦秀一 | Major shareholder | 0.9% | 2025-09-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第10期(2024/10/01－2025/09/30) | S100XAXC | 2025-12-17 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XAXC,, |
| 有価証券報告書－第9期(2023/10/01－2024/09/30) | S100UZ4K | 2024-12-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UZ4K,, |
| 有価証券報告書－第8期(2022/10/01－2023/09/30) | S100SHU8 | 2023-12-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100SHU8,, |
| 有価証券報告書－第7期(令和3年10月1日－令和4年9月30日) | S100PU45 | 2022-12-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PU45,, |
| 有価証券報告書－第6期(令和2年10月1日－令和3年9月30日) | S100N3SJ | 2021-12-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100N3SJ,, |
| 有価証券報告書－第5期(令和1年10月1日－令和2年9月30日) | S100KFJS | 2020-12-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100KFJS,, |

## 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).