# i.a groupcorporation: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 訂正有価証券報告書－第43期(2025/04/01－2026/03/31) (S100Z1B9)
> Page: https://vizora.meequs.com/en/company/i-a-groupcorporation
> Retrieved: 2026-09-30T22:56:36.081Z

## Company

i.a groupcorporation, founded in 1984, is a company in Car Accessories listed on TSE Standard. It has 1,027 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | I.A GROUP CORPORATION |
| Ticker | 7509 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7509.T) |
| Listing | TSE Standard |
| Head office | 横浜市戸塚区品濃町545番地5 |
| Representative (per filing) | 代表取締役社長 古川 隆太郎 |
| Founded | Mar 1984 |
| Share capital | ¥1.31B |
| Employees (consolidated) | 1,027 |
| Average salary (parent only) | ¥5.8M |
| Fiscal year end | March |
| Corporate number | 9020001007018 |
| EDINET | E03269 |
| Industries (Vizora) | Car Accessories, Real Estate Development & Leasing, General Contractors, Weddings |

> Profile source: annual securities report (S100Z1B9, filed 2026-09-10). As of filing

## Five-axis industry profile

Primary industry: Car Accessories (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 50 | 15 |
| Profitability | 30 | 15 |
| Cash conversion | 56.7 | 15 |
| Efficiency | 83.3 | 15 |

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 82% of i.a groupcorporation's sales come from Car Parts and Accessories, with Bridal and Construction and Real Estate making up much of the rest.
- Out of every ¥100 of sales, about ¥5 is left as operating profit.
- Revenue changed +6.8% from the prior year, operating profit +1.7%.

## Company structure

- Segment revenue mix: Car Parts and Accessories 81.9%、Bridal 10.9%、Construction and Real Estate 7.2%、Other 0.0%
- Revenue → net income: ¥39841892000 → ¥1441606000
- Net income → operating cash flow: ¥1441606000 → ¥2382669000（difference ¥941063000）
- Main uses of operating cash flow: CapEx ¥979520000 / dividends ¥196754000 / buybacks ¥249000
- Change in cash: ¥86401000
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 | ¥39.8B |  |
| Operating income | ¥1.83B | Margin 4.6% |
| Net income | ¥1.38B | Margin 3.5% |
| Free cash flow | ¥1.4B |  |
| Largest business | Car Parts and Accessories | of segment revenue 81.9% |
| Employees (consolidated) | 1,027 |  |
| EPS | ¥211.47 |  |
| Book value per share | ¥3414.99 |  |
| Equity ratio | 60.1% |  |
| Shares outstanding | 1,645,360 |  |
| Treasury shares | 187,200 |  |
| Shareholders | 688 |  |
| Average salary (parent only) | ¥5.8M | Filing company only |
| Cash ratio | 5.2% | Cash ÷ revenue 3.7% |
| Vs. industry median margin | -1.2 pp | Car Accessories |
| ROE | 8.6% | Derived from disclosed figures |
| ROA | 4.9% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 64% of positive segment profit
- FY2026, employees 0% while operating income rose 2%

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥32624769000 | ¥39841892000 | +22.1% |
| Operating income | ¥-652986000 | ¥1828381000 | — |
| Operating margin | -2.0% | 4.6% | +6.6 pp |
| Employees | 1,112 people | 1,027 people | -7.6% |
| Cash and equivalents | ¥1329782000 | ¥1455854000 | +9.5% |

### 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 |
| --- | ---: |
| カー用品事業 → カー用品事業 | 81.9% |
| カー用品事業 → 事業再編・廃止 | 0.4% |
| ブライダル事業 → ブライダル事業 | 8.3% |
| 建設不動産事業 → 建設不動産事業 | 7.2% |
| 建設不動産事業 → 事業再編・廃止 | 1.4% |
| その他 → その他 | 0.0% |
| その他 → 事業再編・廃止 | 0.8% |
| 新設・再編 → ブライダル事業 | 2.6% |

Segment revenue source references: 8 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Car Parts and Accessories | 5 years | +4.0% | ¥32626822000 | 3.6% | 2 |
| Bridal | 5 years | +9.8% | ¥4342688000 | 6.5% | 2 |
| Construction and Real Estate | 5 years | +0.5% | ¥2853190000 | 7.1% | 2 |
| Other | 5 years | -41.2% | ¥19191000 | 878.1% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 39,842 | 100.0% | S100Z1B9 |
| Cost of revenue | 21,902 | 55.0% | S100Z1B9 |
| Gross profit | 17,940 | 45.0% | S100Z1B9 |
| SG&A | 16,111 | 40.4% | S100Z1B9 |
| Operating income | 1,828 | 4.6% | S100Z1B9 |
| Ordinary income | 1,904 | 4.8% | S100Z1B9 |
| Pretax income | 2,058 | 5.2% | S100Z1B9 |
| Income tax | 616 | 1.5% | S100Z1B9 |
| Net income | 1,442 | 3.6% | S100Z1B9 |
| Net income attributable to owners | 1,383 | 3.5% | S100Z1B9 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 55 |
| SG&A | 40 |
| Operating income | 5 |
| (Ref.) Net income | 3 |

### Margin funnel

Gross margin 45.0% → Operating margin 4.6% → Net margin 3.5%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +6.8%; Core profit growth: +1.7%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): 0.25×
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 | 37,290 | 39,842 | 2,552 | +6.8% |
| Gross profit | 17,662 | 17,940 | 278 | +1.6% |
| Operating income | 1,797 | 1,828 | 31 | +1.7% |
| Net income attributable to owners | 1,255 | 1,383 | 129 | +10.3% |
| Operating cash flow | 1,485 | 2,383 | 898 | +60.4% |
| Free cash flow | 989 | 1,403 | 414 | +41.9% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 38,161 | 1,160 | 3.0% | 594 | 1,120 | 441 | S100LNNR |
| FY ending Mar 2021 | 32,625 | -653 | -2.0% | -2,209 | 1,556 | 990 | S100PMMB |
| FY ending Mar 2022 | 35,832 | 1,340 | 3.7% | 973 | 2,746 | 2,226 | S100R1KA |
| FY ending Mar 2023 | 35,508 | 1,378 | 3.9% | 986 | 1,770 | 1,349 | S100TS3B |
| FY ending Mar 2024 | 35,665 | 1,844 | 5.2% | 1,342 | 1,589 | 938 | S100W1CH |
| FY ending Mar 2025 | 37,290 | 1,797 | 4.8% | 1,255 | 1,485 | 989 | S100Z1B9 |
| FY ending Mar 2026 | 39,842 | 1,828 | 4.6% | 1,383 | 2,383 | 1,403 | S100Z1B9 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥38.8M |
| Operating income per employee (consolidated) | ¥1.8M |
| Net income per employee (consolidated) | ¥1.3M |

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) | 1,110 | 1,080 | 1,057 | 1,031 | 1,027 |
| Average salary (parent company) | ¥5.5M | ¥5.7M | ¥6M | ¥6M | ¥5.8M |
| Average age (parent company) | 40.1 years | 40.1 years | 42.1 years | 42.0 years | 42.0 years |
| Average tenure (parent company) | 12.4 years | 12.0 years | 13.1 years | 13.1 years | 13.1 years |

Year over year: Employees (consolidated) -0.4% · Revenue (consolidated) +6.8%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Car Parts and Accessories | 32,627 | 81.9% | 1,178 | 3.6% |
| Bridal | 4,343 | 10.9% | 283 | 6.5% |
| Construction and Real Estate | 2,853 | 7.2% | 204 | 7.1% |
| Other | 19 | 0.0% | 169 | 878.1% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Car Parts and Accessories | 81.9% | 64.3% | -17.6 | 3.6% |
| Bridal | 10.9% | 15.5% | 4.6 | 6.5% |
| Construction and Real Estate | 7.2% | 11.1% | 3.9 | 7.1% |
| Other | 0.0% | 9.2% | 9.1 | 878.1% |

Segment → industry: Car Parts and Accessories → Car Accessories / Construction and Real Estate → Real Estate Development & Leasing / Construction and Real Estate → General Contractors / Bridal → Weddings

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 2,383 | 6.0% | S100Z1B9 |
| Capital expenditure | 980 | 2.5% | S100Z1B9 |
| Free cash flow | 1,403 | 3.5% | 算出 |
| Investing cash flow | -835 | -2.1% | S100Z1B9 |
| Financing cash flow | -1,462 | -3.7% | S100Z1B9 |
| Dividends paid | 197 | 0.5% | S100Z1B9 |
| Share buyback | 0 | 0.0% | S100Z1B9 |
| Change in cash | 86 | 0.2% | S100Z1B9 |
| Cash and equivalents | 1,456 | 3.7% | S100Z1B9 |

## 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 | 2,131 | 1,900 | 1,414 | 1,369 | 1,456 | S100TS3B, S100W1CH, S100Z1B9 |
| Total assets | 28,538 | 27,690 | 27,781 | 28,133 | 27,858 | S100R1KA, S100TS3B, S100W1CH, S100Z1B9 |
| Net assets | 12,701 | 13,477 | 14,668 | 15,712 | 17,056 | S100TS3B, S100W1CH, S100Z1B9 |
| Share capital | 1,314 | 1,314 | 1,314 | 1,314 | 1,314 | S100R1KA, S100TS3B, S100W1CH, S100Z1B9 |
| Inventories | 6,305 | 6,403 | 7,414 | 8,024 | 7,465 | S100R1KA, S100TS3B, S100W1CH, S100Z1B9 |
| Property, plant and equipment | 12,494 | 12,106 | 11,808 | 11,595 | 11,817 | S100R1KA, S100TS3B, S100W1CH, S100Z1B9 |
| Intangible assets excluding goodwill | 53 | 127 | 151 | 118 | 83 | S100R1KA, S100TS3B, S100W1CH, S100Z1B9 |
| Investment securities | 89 | 105 | 116 | 110 | 104 | S100R1KA, S100TS3B, S100W1CH, S100Z1B9 |
| Current assets | 11,046 | 10,964 | 11,310 | 11,862 | 11,248 | S100R1KA, S100TS3B, S100W1CH, S100Z1B9 |
| Current liabilities | 10,075 | 8,812 | 8,432 | 7,768 | 6,004 | S100R1KA, S100TS3B, S100W1CH, S100Z1B9 |
| Short-term borrowings | 4,653 | 3,826 | 3,228 | 2,280 | 784 | S100R1KA, S100TS3B, S100W1CH, S100Z1B9 |
| Long-term borrowings | 2,988 | 2,649 | 1,954 | 2,116 | 2,353 | S100R1KA, S100TS3B, S100W1CH, S100Z1B9 |
| Total liabilities | 15,836 | 14,213 | 13,112 | 12,421 | 10,801 | S100R1KA, S100TS3B, S100W1CH, S100Z1B9 |
| Non-controlling interests | 109 | 134 | 147 | 170 | 303 | S100R1KA, S100TS3B, S100W1CH, S100Z1B9 |
| Equity attributable to owners of parent | 12,606 | 13,349 | 14,516 | 15,539 | 16,745 | S100R1KA, S100TS3B, S100W1CH, S100Z1B9 |
| Retained earnings | 10,066 | 10,877 | 12,045 | 13,067 | 14,253 | S100R1KA, S100TS3B, S100W1CH, S100Z1B9 |
| Treasury stock | -599 | -667 | -667 | -667 | -647 | S100R1KA, S100TS3B, S100W1CH, S100Z1B9 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 5% | S100Z1B9 |
| Inventories | 27% | S100Z1B9 |
| Property, plant and equipment | 43% | S100Z1B9 |
| Intangibles and goodwill | 0% | S100Z1B9 |
| Investment securities | 0% | S100Z1B9 |
| Other assets | 25% | S100Z1B9 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 39% | S100Z1B9 |
| Equity | 61% | S100Z1B9 |
| Other liabilities | 0% | S100Z1B9 |

### 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 | 28,538 | 27,690 | 27,781 | 28,133 | 27,858 |
| Equity | 12,701 | 13,477 | 14,668 | 15,712 | 17,056 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 2,131 | 1,900 | 1,414 | 1,369 | 1,456 |

## 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) | 29.7% | S100Z1B9 |
| Fixed assets ÷ total assets | 42.4% | S100Z1B9 |
| Goodwill ÷ parent equity | — | —, S100Z1B9 |

### 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) | 5.2% |
| Cash ÷ revenue | 3.7% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 130.3% |
| Cash vs. profit gap | 999 JPY mn (of net income 72.2%) |
| Shareholder returns / net income | 14.2% |
| Shareholder returns / FCF | 14.0% |
| Shareholder payments — dividends / net income | 14.2% |
| Shareholder payments — dividends / FCF | 14.0% |
| CapEx intensity (capex ÷ revenue) | 2.5% |
| Investing CF relative to operating CF | 35.0% |

## 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 | 2.7% | 1.26× | 3.4% | 2.26× | 7.7% | S100R1KA |
| 2023 | 2.8% | 1.26× | 3.5% | 2.17× | 7.6% | S100TS3B |
| 2024 | 3.8% | 1.29× | 4.8% | 1.99× | 9.6% | S100W1CH |
| 2025 | 3.4% | 1.33× | 4.5% | 1.86× | 8.3% | S100Z1B9 |
| 2026 | 3.5% | 1.42× | 4.9% | 1.73× | 8.6% | S100Z1B9 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 有限会社草創 | Major shareholder | 39.8% | 2026-03-31 |
| 株式会社ＳＮホールディングス | Major shareholder | 3.9% | 2026-03-31 |
| 古 川 恵 子 | Major shareholder | 3.3% | 2026-03-31 |
| 古 川 教 行 | Major shareholder | 3.3% | 2026-03-31 |
| 内 藤 征 吾 | Major shareholder | 3.3% | 2026-03-31 |
| 小 黒 良太郎 | Major shareholder | 3.2% | 2026-03-31 |
| 岡 秀 朋 | Major shareholder | 2.6% | 2026-03-31 |
| 株式会社オートバックスセブン | Major shareholder | 2.5% | 2026-03-31 |
| 小 黒 美樹子 | Major shareholder | 2.1% | 2026-03-31 |
| 上田八木短資株式会社 | Major shareholder | 2.1% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 訂正有価証券報告書－第43期(2025/04/01－2026/03/31) | S100Z1B9 | 2026-09-10 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z1B9,, |
| 有価証券報告書－第42期(2024/04/01－2025/03/31) | S100W1CH | 2025-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W1CH,, |
| 有価証券報告書－第41期(2023/04/01－2024/03/31) | S100TS3B | 2024-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TS3B,, |
| 有価証券報告書－第40期(2022/04/01－2023/03/31) | S100R1KA | 2023-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R1KA,, |
| 訂正有価証券報告書－第39期(令和3年4月1日－令和4年3月31日) | S100PMMB | 2022-11-14 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PMMB,, |
| 有価証券報告書－第38期(令和2年4月1日－令和3年3月31日) | S100LNNR | 2021-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LNNR,, |

## 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).