# HOUSE OF ROSE Co.,Ltd.: business model and financials

> Latest period: FY ending Mar 2026, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第45期(2025/04/01－2026/03/31) (S100YHK9)
> Page: https://vizora.meequs.com/en/company/house-of-rose
> Retrieved: 2026-09-30T20:40:37.852Z

## Company

House of Rose, founded in 1982, is a company in Cosmetics listed on TSE Standard. It has 752 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | HOUSE OF ROSE Co.,Ltd. |
| Ticker | 7506 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7506.T) |
| Listing | TSE Standard |
| Head office | 東京都港区赤坂2丁目21番7号 |
| Representative (per filing) | 代表取締役社長 川口 善弘 |
| Founded | Apr 1982 |
| Share capital | ¥934.7M |
| Employees (consolidated) | 752 |
| Average salary (parent only) | ¥4.3M |
| Fiscal year end | March |
| Corporate number | 6010401023758 |
| EDINET | E03266 |
| Industries (Vizora) | Cosmetics, Beauty Salons |

> Profile source: annual securities report (S100YHK9, filed 2026-06-23). As of filing

## Five-axis industry profile

Primary industry: Cosmetics (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 34.1 | 22 |
| Profitability | 17.3 | 26 |
| Cash conversion | 6.8 | 22 |
| Efficiency | 82.7 | 26 |

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)

- About 78% of House of Rose's sales come from Directly operated sale business, with Wholesale business and Directly operated outlets service business making up much of the rest.
- Out of every ¥100 of sales, about ¥1 is left as operating profit.
- Revenue changed -0.5% from the prior year, operating profit -43.7%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥11.5B |  |
| Operating income | ¥69.7M | Margin 0.6% |
| Net income | ¥1.7M | Margin 0.0% |
| Free cash flow | -¥215.7M |  |
| Largest business | Directly operated sale business | of segment revenue 77.6% |
| Employees (consolidated) | 752 |  |
| EPS | ¥0.36 |  |
| Book value per share | ¥1164.68 |  |
| Equity ratio | 68.6% |  |
| Shares outstanding | 4,703,063 |  |
| Treasury shares | 600 |  |
| Shareholders | 19,682 |  |
| Average salary (parent only) | ¥4.3M | Filing company only |
| Cash ratio | 28.1% | Cash ÷ revenue 19.4% |
| Vs. industry median margin | -5.5 pp | Cosmetics |
| ROE | 0.0% | Derived from disclosed figures |
| ROA | 0.0% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 88% of positive segment profit
- FY2026, segment profit share differs by 77 points
- FY2026, cash is 28% of total assets

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥10681077000 | ¥11541666000 | +8.1% |
| Operating income | ¥115399000 | ¥69669000 | -39.6% |
| Operating margin | 1.1% | 0.6% | -0.5 pp |
| Employees | 947 people | 752 people | -20.6% |
| Cash and equivalents | ¥2651066000 | ¥2240809000 | -15.5% |

### 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.

| Flow | Revenue share |
| --- | ---: |
| 直営店商品販売事業 → 直営店商品販売事業 | 40.2% |
| 直営店商品販売事業 → 事業再編・廃止 | 40.2% |
| 卸販売事業 → 卸販売事業 | 5.5% |
| 直営店サービス事業 → 事業再編・廃止 | 4.3% |
| 直営店サービス事業 → 直営店サービス事業 | 4.3% |
| 卸販売事業 → 事業再編・廃止 | 5.5% |
| 新設・再編 → 直営店商品販売事業 | 37.5% |
| 新設・再編 → 卸販売事業 | 6.4% |
| 新設・再編 → 直営店サービス事業 | 6.1% |

Segment revenue source references: 9 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| Directly operated sale business | 5 years | +0.9% | ¥8957225000 | -1.4% | 2 |
| Wholesale business | 5 years | +3.2% | ¥1376024000 | 1.7% | 2 |
| Directly operated outlets service business | 5 years | +5.5% | ¥1208415000 | 14.1% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 11,542 | 100.0% | S100YHK9 |
| Cost of revenue | 3,294 | 28.5% | S100YHK9 |
| Gross profit | 8,248 | 71.5% | S100YHK9 |
| SG&A | 8,178 | 70.9% | S100YHK9 |
| Operating income | 70 | 0.6% | S100YHK9 |
| Ordinary income | 75 | 0.7% | S100YHK9 |
| Pretax income | 157 | 1.4% | S100YHK9 |
| Income tax | 156 | 1.3% | S100YHK9 |
| Net income | 2 | 0.0% | S100YHK9 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 28 |
| SG&A | 71 |
| Operating income | 1 |
| (Ref.) Net income | 0 |

### Margin funnel

Gross margin 71.5% → Operating margin 0.6% → Net margin 0.0%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit down
Revenue growth: -0.5%; Core profit growth: -43.7%
Operating leverage (core profit growth ÷ revenue growth): 95.97×
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 | 11,594 | 11,542 | -53 | -0.5% |
| Gross profit | 8,263 | 8,248 | -15 | -0.2% |
| Operating income | 124 | 70 | -54 | -43.7% |
| Operating cash flow | 63 | -144 | -207 | -327.2% |
| Free cash flow | 32 | -216 | -247 | -784.6% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 12,683 | 201 | 1.6% | 31 | -450 | -510 | S100LM1H |
| FY ending Mar 2021 | 10,681 | 115 | 1.1% | -68 | 691 | 677 | S100OARN |
| FY ending Mar 2022 | 11,284 | 263 | 2.3% | 104 | 310 | 300 | S100QZBG |
| FY ending Mar 2023 | 11,905 | 154 | 1.3% | 512 | 323 | 291 | S100TMXO |
| FY ending Mar 2024 | 11,989 | 367 | 3.1% | 122 | 490 | 472 | S100W2K0 |
| FY ending Mar 2025 | 11,594 | 124 | 1.1% | 81 | 63 | 32 | S100YHK9 |
| FY ending Mar 2026 | 11,542 | 70 | 0.6% | 2 | -144 | -216 | S100YHK9 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥15.3M |
| Operating income per employee (consolidated) | ¥92.6K |
| Net income per employee (consolidated) | ¥2.2K |

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) | 883 | 857 | 800 | 751 | 752 |
| Average salary (parent company) | ¥4M | ¥4.3M | ¥4.4M | ¥4.4M | ¥4.3M |
| Average age (parent company) | 38.7 years | 39.3 years | 40.2 years | 42.1 years | 42.4 years |
| Average tenure (parent company) | 8.1 years | 8.8 years | 9.2 years | 9.0 years | 9.3 years |

Year over year: Employees (consolidated) +0.1% · Revenue (consolidated) -0.5%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Directly operated sale business | 8,957 | 77.6% | -124 | -1.4% |
| Wholesale business | 1,376 | 11.9% | 24 | 1.7% |
| Directly operated outlets service business | 1,208 | 10.5% | 170 | 14.1% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Directly operated sale business | 77.6% | — | — | -1.4% |
| Wholesale business | 11.9% | 12.2% | 0.2 | 1.7% |
| Directly operated outlets service business | 10.5% | 87.8% | 77.4 | 14.1% |

Loss-making segment (excluded from profit shares): Directly operated sale business -124 JPY mn

Segment → industry: Wholesale business → Cosmetics / Directly operated sale business → Cosmetics / Directly operated outlets service business → Beauty Salons

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -144 | -1.2% | S100YHK9 |
| Capital expenditure | 72 | 0.6% | S100YHK9 |
| Free cash flow | -216 | -1.9% | 算出 |
| Investing cash flow | -57 | -0.5% | S100YHK9 |
| Financing cash flow | -158 | -1.4% | S100YHK9 |
| Dividends paid | 118 | 1.0% | S100YHK9 |
| Change in cash | -359 | -3.1% | S100YHK9 |
| Cash and equivalents | 2,241 | 19.4% | S100YHK9 |

## 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 | 2,593 | 2,871 | 2,717 | 2,600 | 2,241 | S100TMXO, S100W2K0, S100YHK9 |
| Total assets | 8,938 | 8,833 | 8,670 | 8,406 | 7,981 | S100QZBG, S100TMXO, S100W2K0, S100YHK9 |
| Net assets | 5,325 | 5,742 | 5,730 | 5,645 | 5,477 | S100TMXO, S100W2K0, S100YHK9 |
| Share capital | 935 | 935 | 935 | 935 | 935 | S100QZBG, S100TMXO, S100W2K0, S100YHK9 |
| Property, plant and equipment | 1,807 | 1,488 | 1,442 | 1,482 | 1,465 | S100QZBG, S100TMXO, S100W2K0, S100YHK9 |
| Intangible assets excluding goodwill | 92 | 29 | 12 | 5 | 135 | S100QZBG, S100TMXO, S100W2K0, S100YHK9 |
| Goodwill | — | — | — | — | 119 | S100YHK9 |
| Investment securities | 241 | 262 | 238 | 141 | 7 | S100QZBG, S100TMXO, S100W2K0, S100YHK9 |
| Current assets | 5,606 | 5,734 | 5,643 | 5,384 | 5,057 | S100QZBG, S100TMXO, S100W2K0, S100YHK9 |
| Current liabilities | 2,196 | 1,734 | 1,583 | 1,278 | 1,024 | S100QZBG, S100TMXO, S100W2K0, S100YHK9 |
| Short-term borrowings | 300 | 150 | — | — | — | S100QZBG, S100TMXO |
| Long-term borrowings | 100 | — | — | — | — | S100QZBG |
| Total liabilities | 3,613 | 3,091 | 2,940 | 2,761 | 2,504 | S100QZBG, S100TMXO, S100W2K0, S100YHK9 |
| Equity attributable to owners of parent | 6,202 | 5,670 | 5,674 | 5,628 | 5,512 | S100QZBG, S100TMXO, S100W2K0, S100YHK9 |
| Retained earnings | 3,986 | 3,453 | 3,458 | 3,412 | 3,296 | S100QZBG, S100TMXO, S100W2K0, S100YHK9 |
| Treasury stock | -1 | -1 | -1 | -1 | -1 | S100QZBG, S100TMXO, S100W2K0, S100YHK9 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 28% | S100YHK9 |
| Property, plant and equipment | 19% | S100YHK9 |
| Intangibles and goodwill | 3% | S100YHK9 |
| Investment securities | 0% | S100YHK9 |
| Other assets | 50% | S100YHK9 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 31% | S100YHK9 |
| Equity | 69% | S100YHK9 |
| Other liabilities | 0% | S100YHK9 |

### 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 | 8,938 | 8,833 | 8,670 | 8,406 | 7,981 |
| Equity | 5,325 | 5,742 | 5,730 | 5,645 | 5,477 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 2,593 | 2,871 | 2,717 | 2,600 | 2,241 |

## 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) | 12.7% | S100YHK9 |
| Fixed assets ÷ total assets | 18.4% | S100YHK9 |
| Goodwill ÷ parent equity | 2.2% | S100YHK9 |

### 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) | 28.1% |
| Cash ÷ revenue | 19.4% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | -206.7% |
| Cash vs. profit gap | -146 JPY mn (of net income -8722.5%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 7039.5% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 0.6% |
| 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 | 0.9% | 1.26× | 1.2% | 1.44× | 1.7% | S100QZBG |
| 2023 | 4.3% | 1.34× | 5.8% | 1.50× | 8.6% | S100TMXO |
| 2024 | 1.0% | 1.37× | 1.4% | 1.54× | 2.2% | S100W2K0 |
| 2025 | 0.7% | 1.36× | 0.9% | 1.51× | 1.4% | S100YHK9 |
| 2026 | 0.0% | 1.41× | 0.0% | 1.47× | 0.0% | S100YHK9 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社ワコールホールディングス | Major shareholder | 21.3% | 2026-03-31 |
| 株式会社ローズエージェンシー | Major shareholder | 9.8% | 2026-03-31 |
| 株式会社アイスタイル | Major shareholder | 5.5% | 2026-03-31 |
| 安原 淳子 | Major shareholder | 1.1% | 2026-03-31 |
| ハウスオブローゼ従業員持株会 | Major shareholder | 1.0% | 2026-03-31 |
| 永井 たき枝 | Major shareholder | 0.8% | 2026-03-31 |
| みずほ信託銀行株式会社 | Major shareholder | 0.8% | 2026-03-31 |
| 株式会社デリシアスエーシー | Major shareholder | 0.5% | 2026-03-31 |
| 神野 晴年 | Major shareholder | 0.4% | 2026-03-31 |
| 横山 貴永 | Major shareholder | 0.3% | 2026-03-31 |
| 川上 敬志 | Major shareholder | 0.3% | 2026-03-31 |
| 川上 奈津子 | Major shareholder | 0.3% | 2026-03-31 |
| 川上 慈弘 | Major shareholder | 0.3% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第45期(2025/04/01－2026/03/31) | S100YHK9 | 2026-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YHK9,, |
| 有価証券報告書－第44期(2024/04/01－2025/03/31) | S100W2K0 | 2025-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W2K0,, |
| 有価証券報告書－第43期(2023/04/01－2024/03/31) | S100TMXO | 2024-06-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TMXO,, |
| 有価証券報告書－第42期(2022/04/01－2023/03/31) | S100QZBG | 2023-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QZBG,, |
| 有価証券報告書－第41期(令和3年4月1日－令和4年3月31日) | S100OARN | 2022-06-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OARN,, |
| 有価証券報告書－第40期(令和2年4月1日－令和3年3月31日) | S100LM1H | 2021-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LM1H,, |

## 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).