# HUB CO.,LTD.: business model and financials

> Latest period: FY ending Feb 2026, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第28期(2025/03/01－2026/02/28) (S100Y764)
> Page: https://vizora.meequs.com/en/company/hub
> Retrieved: 2026-09-30T22:01:00.352Z

## Company

HUB, founded in 1980, is a company in Restaurants & Pubs listed on TSE Standard. It has 312 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | HUB CO. , LTD. |
| Ticker | 3030 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3030.T) |
| Listing | TSE Standard |
| Head office | 東京都千代田区外神田三丁目14番10号 |
| Representative (per filing) | 代表取締役社長 太田剛 |
| Founded | Mar 1980 |
| Share capital | ¥100M |
| Employees (consolidated) | 312 |
| Average salary (parent only) | ¥4.8M |
| Fiscal year end | February |
| Website | www.pub-hub.co.jp (https://www.pub-hub.co.jp/) |
| Corporate number | 8010001087103 |
| EDINET | E03473 |
| Industries (Vizora) | Restaurants & Pubs |

> Profile source: annual securities report (S100Y764, filed 2026-05-28). As of filing

## Five-axis industry profile

Primary industry: Restaurants & Pubs (2026-02-28)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 90.2 | 56 |
| Profitability | 59.8 | 66 |
| Cash conversion | 60.9 | 55 |
| Efficiency | 70.5 | 66 |

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)

- HUB brought in ¥11.3B in revenue.
- Out of every ¥100 of sales, about ¥5 is left as operating profit.
- Revenue changed +6.6% from the prior year, operating profit +17.9%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥11335384000 → ¥609828000
- Net income → operating cash flow: ¥609828000 → ¥912584000（difference ¥302756000）
- Main uses of operating cash flow: CapEx ¥524137000 / dividends ¥125779000 / buybacks —
- Change in cash: ¥-7106000
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 | ¥11.3B |  |
| Operating income | ¥534.5M | Margin 4.7% |
| Net income | ¥609.8M | Margin 5.4% |
| Free cash flow | ¥388.4M |  |
| Employees (consolidated) | 312 |  |
| EPS | ¥48.48 |  |
| Diluted EPS | ¥48.21 |  |
| Book value per share | ¥268.04 |  |
| Equity ratio | 50.7% |  |
| Shares outstanding | 12,830,200 |  |
| Treasury shares | 252,200 |  |
| Shareholders | 12,290 |  |
| Average salary (parent only) | ¥4.8M | Filing company only |
| Cash ratio | 39.6% | Cash ÷ revenue 23.2% |
| Vs. industry median margin | +0.8 pp | Restaurants & Pubs |
| ROE | 19.5% | Derived from disclosed figures |
| ROA | 9.5% | Derived from disclosed figures |

## Notable figures

- FY2026, revenue is 4.8× its level five years ago
- FY2026, parent-company salary changed +32% over five years
- FY2026, cash is 40% of total assets

## What changed in 5 years

| Metric | FY ending Feb 2021 | FY ending Feb 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥3828878000 | ¥11335384000 | +196.0% |
| Operating income | ¥-1566183000 | ¥534482000 | — |
| Operating margin | -40.9% | 4.7% | +45.6 pp |
| Employees | 323 people | 312 people | -3.4% |
| Cash and equivalents | ¥1529854000 | ¥2635312000 | +72.3% |

### Change in segment revenue mix

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

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 11,335 | 100.0% | S100Y764 |
| Cost of revenue | 3,379 | 29.8% | S100Y764 |
| Gross profit | 7,956 | 70.2% | S100Y764 |
| SG&A | 7,527 | 66.4% | S100Y764 |
| Operating income | 534 | 4.7% | S100Y764 |
| Ordinary income | 528 | 4.7% | S100Y764 |
| Pretax income | 485 | 4.3% | S100Y764 |
| Income tax | -124 | -1.1% | S100Y764 |
| Net income | 610 | 5.4% | S100Y764 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 30 |
| SG&A | 66 |
| Other operating | -1 |
| Operating income | 5 |
| (Ref.) Net income | 5 |

### Margin funnel

Gross margin 70.2% → Operating margin 4.7% → Net margin 5.4%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +6.6%; Core profit growth: +17.9%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.71×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 10,632 | 11,335 | 703 | +6.6% |
| Gross profit | 7,499 | 7,956 | 458 | +6.1% |
| Operating income | 453 | 534 | 81 | +17.9% |
| Operating cash flow | 436 | 913 | 477 | +109.5% |
| Free cash flow | 194 | 388 | 194 | +99.9% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Feb 2020 | 12,053 | 711 | 5.9% | 471 | 924 | 185 | S100LE0F |
| FY ending Feb 2021 | 3,829 | -1,566 | -40.9% | -2,752 | -1,824 | -1,939 | S100O4H3 |
| FY ending Feb 2022 | 2,386 | -1,185 | -49.7% | 143 | 315 | 242 | S100QTLJ |
| FY ending Feb 2023 | 7,551 | -542 | -7.2% | -284 | 642 | 609 | S100TI4N |
| FY ending Feb 2024 | 9,781 | 277 | 2.8% | 271 | 562 | 348 | S100VUAF |
| FY ending Feb 2025 | 10,632 | 453 | 4.3% | 446 | 436 | 194 | S100Y764 |
| FY ending Feb 2026 | 11,335 | 534 | 4.7% | 610 | 913 | 388 | S100Y764 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥36.3M |
| Operating income per employee (consolidated) | ¥1.7M |
| Net income per employee (consolidated) | ¥2M |

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

| History | FY ending Feb 2022 | FY ending Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 294 | 289 | 282 | 306 | 312 |
| Average salary (parent company) | ¥3.6M | ¥4.1M | ¥4.7M | ¥4.9M | ¥4.8M |
| Average age (parent company) | 34.2 years | 34.8 years | 35.3 years | 34.9 years | 34.9 years |
| Average tenure (parent company) | 9.2 years | 9.5 years | 10.0 years | 9.8 years | 9.8 years |

Year over year: Employees (consolidated) +2.0% · Revenue (consolidated) +6.6%

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 913 | 8.1% | S100Y764 |
| Capital expenditure | 524 | 4.6% | S100Y764 |
| Free cash flow | 388 | 3.4% | 算出 |
| Investing cash flow | -621 | -5.5% | S100Y764 |
| Financing cash flow | -299 | -2.6% | S100Y764 |
| Dividends paid | 126 | 1.1% | S100Y764 |
| Change in cash | -7 | -0.1% | S100Y764 |
| Cash and equivalents | 2,635 | 23.2% | S100Y764 |

## 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 Feb 2022 | FY ending Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 4,405 | 4,529 | 3,760 | 2,642 | 2,635 | S100TI4N, S100VUAF, S100Y764 |
| Total assets | 7,661 | 7,377 | 6,932 | 6,184 | 6,654 | S100QTLJ, S100TI4N, S100VUAF, S100Y764 |
| Net assets | 2,574 | 2,246 | 2,517 | 2,895 | 3,408 | S100TI4N, S100VUAF, S100Y764 |
| Share capital | 100 | 100 | 100 | 100 | 100 | S100QTLJ, S100TI4N, S100VUAF, S100Y764 |
| Property, plant and equipment | 1,327 | 1,131 | 1,144 | 1,234 | 1,368 | S100QTLJ, S100TI4N, S100VUAF, S100Y764 |
| Intangible assets excluding goodwill | 57 | 43 | 31 | 32 | 69 | S100QTLJ, S100TI4N, S100VUAF, S100Y764 |
| Current assets | 5,061 | 4,942 | 4,281 | 3,292 | 3,358 | S100QTLJ, S100TI4N, S100VUAF, S100Y764 |
| Current liabilities | 1,633 | 2,113 | 1,641 | 1,708 | 1,750 | S100QTLJ, S100TI4N, S100VUAF, S100Y764 |
| Short-term borrowings | 800 | 705 | 53 | — | — | S100QTLJ, S100TI4N, S100VUAF |
| Long-term borrowings | 2,698 | 2,424 | 2,150 | 951 | 848 | S100QTLJ, S100TI4N, S100VUAF, S100Y764 |
| Total liabilities | 5,087 | 5,131 | 4,415 | 3,290 | 3,246 | S100QTLJ, S100TI4N, S100VUAF, S100Y764 |
| Equity attributable to owners of parent | 2,574 | 2,246 | 2,517 | 2,887 | 3,371 | S100QTLJ, S100TI4N, S100VUAF, S100Y764 |
| Retained earnings | 1,020 | 693 | 963 | 1,334 | 1,818 | S100QTLJ, S100TI4N, S100VUAF, S100Y764 |
| Treasury stock | -274 | -274 | -274 | -274 | -274 | S100QTLJ, S100TI4N, S100VUAF, S100Y764 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 40% | S100Y764 |
| Property, plant and equipment | 20% | S100Y764 |
| Intangibles and goodwill | 1% | S100Y764 |
| Other assets | 39% | S100Y764 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 49% | S100Y764 |
| Equity | 51% | S100Y764 |
| Other liabilities | 0% | S100Y764 |

### Balance sheet history

| Metric | FY ending Feb 2022 | FY ending Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 7,661 | 7,377 | 6,932 | 6,184 | 6,654 |
| Equity | 2,574 | 2,246 | 2,517 | 2,895 | 3,408 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 4,405 | 4,529 | 3,760 | 2,642 | 2,635 |

## 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) | 12.1% | S100Y764 |
| Fixed assets ÷ total assets | 20.6% | S100Y764 |
| Goodwill ÷ parent equity | — | —, S100Y764 |

### 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) | 39.6% |
| Cash ÷ revenue | 23.2% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 170.7% |
| Cash vs. profit gap | 303 JPY mn (of net income 49.6%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 20.6% |
| Shareholder payments — dividends / FCF | 32.4% |
| CapEx intensity (capex ÷ revenue) | 4.6% |
| Investing CF relative to operating CF | 68.0% |

## 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 | 6.0% | 0.31× | 1.9% | 2.98× | 5.6% | S100QTLJ |
| 2023 | — | —× | -3.8% | —× | — | S100TI4N |
| 2024 | 2.8% | 1.37× | 3.8% | 3.00× | 11.4% | S100VUAF |
| 2025 | 4.2% | 1.62× | 6.8% | 2.43× | 16.5% | S100Y764 |
| 2026 | 5.4% | 1.77× | 9.5% | 2.05× | 19.5% | S100Y764 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社MIXI | Major shareholder | 20.0% | 2026-02-28 |
| ロイヤルホールディングス株式会社 | Major shareholder | 14.8% | 2026-02-28 |
| 株式会社久世 | Major shareholder | 8.7% | 2026-02-28 |
| みのりホールディングス株式会社 | Major shareholder | 6.6% | 2026-02-28 |
| 高野 慎一 | Major shareholder | 1.7% | 2026-02-28 |
| ハブ社員持株会 | Major shareholder | 1.2% | 2026-02-28 |
| 太田 剛 | Major shareholder | 0.9% | 2026-02-28 |
| 伊藤 真己 | Major shareholder | 0.6% | 2026-02-28 |
| THE BANK OF NEW YORK MELLON 140044（常任代理人:株式会社みずほ銀行決済営業部） | Major shareholder | 0.6% | 2026-02-28 |
| ハブ役員持株会 | Major shareholder | 0.5% | 2026-02-28 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第28期(2025/03/01－2026/02/28) | S100Y764 | 2026-05-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Y764,, |
| 有価証券報告書－第27期(2024/03/01－2025/02/28) | S100VUAF | 2025-05-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VUAF,, |
| 有価証券報告書－第26期(2023/03/01－2024/02/29) | S100TI4N | 2024-05-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TI4N,, |
| 有価証券報告書－第25期(2022/03/01－2023/02/28) | S100QTLJ | 2023-05-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QTLJ,, |
| 有価証券報告書－第24期(令和3年3月1日－令和4年2月28日) | S100O4H3 | 2022-05-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100O4H3,, |
| 有価証券報告書－第23期(令和2年3月1日－令和3年2月28日) | S100LE0F | 2021-05-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LE0F,, |

## 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).