# GLOE: business model and financials

> Latest period: FY ending Jun 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第11期(2025/11/01－2026/06/30) (S100Z3R0)
> Page: https://vizora.meequs.com/en/company/gloe
> Retrieved: 2026-09-30T20:48:15.633Z

## Company

Gloe, founded in 2015, is a company in Events & Ticketing listed on TSE Growth. It has 103 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | GLOE Inc. |
| Ticker | 9565 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/9565.T) |
| Listing | TSE Growth |
| Head office | 東京都新宿区西新宿7-5-25 西新宿プライムスクエア15階 |
| Representative (per filing) | 代表取締役 谷田 優也 |
| Founded | Nov 2015 |
| Share capital | ¥152.4M |
| Employees (consolidated) | 103 |
| Average salary (parent only) | ¥5.6M |
| Fiscal year end | June |
| Website | gloe.jp (https://gloe.jp/) |
| Corporate number | 3011001108349 |
| EDINET | E38155 |
| Industries (Vizora) | Events & Ticketing |

> Profile source: annual securities report (S100Z3R0, filed 2026-09-24). As of filing

## Five-axis industry profile

Primary industry: Events & Ticketing (2026-06-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 5.6 | 9 |
| Cash conversion | 27.8 | 9 |
| Efficiency | 61.1 | 9 |

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)

- Gloe brought in ¥1.92B in revenue.
- Out of every ¥100 of sales, about ¥1 is left as operating profit.
- Revenue changed -32.4% from the prior year, operating profit +36.2%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥1.92B |  |
| Operating income | ¥25.4M | Margin 1.3% |
| Net income | -¥11.3M | Margin -0.6% |
| Free cash flow | -¥19.9M |  |
| Employees (consolidated) | 103 |  |
| EPS | ¥15.89 |  |
| Diluted EPS | ¥15.77 |  |
| Book value per share | ¥190.12 |  |
| Equity ratio | 35.5% |  |
| Shares outstanding | 2,775,933 |  |
| Shareholders | 1,862 |  |
| Average salary (parent only) | ¥5.6M | Filing company only |
| Cash ratio | 32.5% | Cash ÷ revenue 22.3% |
| Vs. industry median margin | -6.1 pp | Events & Ticketing |
| ROA | -0.8% | Derived from disclosed figures |

## Notable figures

- FY2026, cash is 32% of total assets

## What changed in 1 years

| Metric | FY ending Oct 2025 | FY ending Jun 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥2843521000 | ¥1923312000 | -32.4% |
| Operating income | ¥18655000 | ¥25409000 | +36.2% |
| Operating margin | 0.7% | 1.3% | +0.7 pp |
| Employees | 96 people | 103 people | +7.3% |
| Cash and equivalents | ¥486873000 | ¥429077000 | -11.9% |

### Change in segment revenue mix

Span: FY ending Oct 2025 → FY ending Jun 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 1,923 | 100.0% | S100Z3R0 |
| Cost of revenue | 1,392 | 72.4% | S100Z3R0 |
| Gross profit | 531 | 27.6% | S100Z3R0 |
| SG&A | 506 | 26.3% | S100Z3R0 |
| Operating income | 25 | 1.3% | S100Z3R0 |
| Ordinary income | 19 | 1.0% | S100Z3R0 |
| Pretax income | 14 | 0.7% | S100Z3R0 |
| Income tax | 19 | 1.0% | S100Z3R0 |
| Net income | -5 | -0.3% | S100Z3R0 |
| Net income attributable to owners | -11 | -0.6% | S100Z3R0 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 73 |
| SG&A | 26 |
| Operating income | 1 |
| (Ref.) Net income | -1 |

### Margin funnel

Gross margin 27.6% → Operating margin 1.3% → Net margin -0.6%
Derived from reported figures (DERIVED).

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 2,844 | 1,923 | -920 | -32.4% |
| Gross profit | 814 | 531 | -283 | -34.7% |
| Operating income | 19 | 25 | 7 | +36.2% |
| Net income attributable to owners | 4 | -11 | -15 | -395.1% |
| Operating cash flow | 125 | 16 | -109 | -87.5% |
| Free cash flow | -16 | -20 | -4 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Oct 2025 | 2,844 | 19 | 0.7% | 4 | 125 | -16 | S100Z3R0 |
| FY ending Jun 2026 | 1,923 | 25 | 1.3% | -11 | 16 | -20 | S100Z3R0 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥18.7M |
| Operating income per employee (consolidated) | ¥246.7K |
| Net income per employee (consolidated) | -¥109.7K |

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

| History | FY ending Oct 2025 | FY ending Jun 2026 |
| --- | ---: | ---: |
| Employees (consolidated) | 96 | 103 |
| Average salary (parent company) | — | ¥5.6M |
| Average age (parent company) | — | 32.4 years |
| Average tenure (parent company) | — | 3.1 years |

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 16 | 0.8% | S100Z3R0 |
| Capital expenditure | 35 | 1.8% | S100Z3R0 |
| Free cash flow | -20 | -1.0% | 算出 |
| Investing cash flow | 9 | 0.4% | S100Z3R0 |
| Financing cash flow | -82 | -4.3% | S100Z3R0 |
| Change in cash | -58 | -3.0% | S100Z3R0 |
| Cash and equivalents | 429 | 22.3% | S100Z3R0 |

## 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 Oct 2025 | FY ending Jun 2026 | Source |
| --- | ---: | ---: | ---: |
| Cash and equivalents | 487 | 429 | S100Z3R0 |
| Total assets | 1,615 | 1,321 | S100Z3R0 |
| Net assets | 507 | 502 | S100Z3R0 |
| Share capital | 152 | 152 | S100Z3R0 |
| Property, plant and equipment | 151 | 146 | S100Z3R0 |
| Intangible assets excluding goodwill | 189 | 172 | S100Z3R0 |
| Goodwill | 119 | 104 | S100Z3R0 |
| Current assets | 1,087 | 872 | S100Z3R0 |
| Current liabilities | 857 | 626 | S100Z3R0 |
| Short-term borrowings | 157 | 116 | S100Z3R0 |
| Long-term borrowings | 251 | 194 | S100Z3R0 |
| Total liabilities | 1,108 | 819 | S100Z3R0 |
| Non-controlling interests | 26 | 32 | S100Z3R0 |
| Equity attributable to owners of parent | 481 | 470 | S100Z3R0 |
| Retained earnings | 177 | 166 | S100Z3R0 |
| Treasury stock | -0 | -0 | S100Z3R0 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 32% | S100Z3R0 |
| Property, plant and equipment | 11% | S100Z3R0 |
| Intangibles and goodwill | 21% | S100Z3R0 |
| Other assets | 36% | S100Z3R0 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 62% | S100Z3R0 |
| Equity | 38% | S100Z3R0 |
| Other liabilities | 0% | S100Z3R0 |

### Balance sheet history

| Metric | FY ending Oct 2025 | FY ending Jun 2026 |
| --- | ---: | ---: |
| Total assets | 1,615 | 1,321 |
| Equity | 507 | 502 |
| Interest-bearing debt | — | — |
| Cash | 487 | 429 |

## 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) | 7.6% | S100Z3R0 |
| Fixed assets ÷ total assets | 11.0% | S100Z3R0 |
| Goodwill ÷ parent equity | 22.1% | S100Z3R0 |

### 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) | 32.5% |
| Cash ÷ revenue | 22.3% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 61.3% |
| Cash vs. profit gap | 27 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 1.8% |
| Investing CF relative to operating CF | 54.6% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2025 | 0.1% | 1.76× | 0.2% | 3.36× | 0.8% | S100Z3R0 |
| 2026 | — | —× | -0.8% | —× | — | S100Z3R0 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社カヤック | Major shareholder | 51.4% | 2026-06-30 |
| 谷田 優也 | Major shareholder | 6.3% | 2026-06-30 |
| MSIP CLIENT SECURITIES | Major shareholder | 2.5% | 2026-06-30 |
| 幸泉 勝 | Major shareholder | 1.8% | 2026-06-30 |
| 株式会社SBI証券 | Major shareholder | 1.5% | 2026-06-30 |
| 原田 清士 | Major shareholder | 1.3% | 2026-06-30 |
| 楽天証券株式会社 | Major shareholder | 1.1% | 2026-06-30 |
| J.P.MORGAN SECURITIES PLC | Major shareholder | 0.9% | 2026-06-30 |
| 古澤 明仁 | Major shareholder | 0.9% | 2026-06-30 |
| 坂手 立典 | Major shareholder | 0.9% | 2026-06-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第11期(2025/11/01－2026/06/30) | S100Z3R0 | 2026-09-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z3R0,, |

## 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).