# IDOM Inc.: business model and financials

> Latest period: FY ending Feb 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 訂正有価証券報告書－第32期(2025/03/01－2026/02/28) (S100Y6I6)
> Page: https://vizora.meequs.com/en/company/idom
> Retrieved: 2026-09-30T19:09:21.317Z

## Company

Idom, founded in 1972, is a company in Car Dealers & Used Cars listed on TSE Prime. It has 4,260 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | IDOM Inc. |
| Ticker | 7599 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7599.T) |
| Listing | TSE Prime |
| Head office | 東京都千代田区丸の内二丁目7番2号 |
| Representative (per filing) | 代表取締役社長 羽鳥 由宇介(戸籍名:羽鳥 裕介) |
| Founded | Apr 1972 |
| Share capital | ¥4.16B |
| Employees (consolidated) | 4,260 |
| Average salary (parent only) | ¥5.6M |
| Fiscal year end | February |
| Website | 221616.com (https://221616.com/) |
| Corporate number | 1010001069520 |
| EDINET | E02892 |
| Industries (Vizora) | Car Dealers & Used Cars |

> Profile source: annual securities report (S100Y6I6, filed 2026-05-27). As of filing

## Five-axis industry profile

Primary industry: Car Dealers & Used Cars (2026-02-28)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 52.8 | 18 |
| Profitability | 56.8 | 22 |
| Cash conversion | 32.5 | 20 |
| Efficiency | 75 | 22 |
| Financial strength | 83.3 | 3 |

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)

- Idom brought in ¥562.8B in revenue.
- Out of every ¥100 of sales, about ¥4 is left as operating profit.
- Revenue changed +13.3% from the prior year, operating profit +1.6%.

## Company structure

- Segment revenue mix: Japan 100.0%
- Revenue → net income: ¥562774000000 → ¥11982000000
- Net income → operating cash flow: ¥11982000000 → ¥11059000000（difference ¥-923000000）
- Main uses of operating cash flow: CapEx ¥11157000000 / dividends ¥3637000000 / buybacks ¥0
- Change in cash: ¥12045000000
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 | ¥562.8B |  |
| Operating income | ¥20.2B | Margin 3.6% |
| Net income | ¥11.9B | Margin 2.1% |
| Free cash flow | -¥98M |  |
| Largest business | Japan | of segment revenue 100.0% |
| Employees (consolidated) | 4,260 |  |
| EPS | ¥118 |  |
| Book value per share | ¥853.43 |  |
| Equity ratio | 33.4% |  |
| Shares outstanding | 106,888,000 |  |
| Treasury shares | 6,480,700 |  |
| Shareholders | 27,823 |  |
| Average salary (parent only) | ¥5.6M | Filing company only |
| Cash ratio | 10.4% | Net cash -¥57.7B · Cash ÷ revenue 4.9% |
| Vs. industry median margin | +0.4 pp | Car Dealers & Used Cars |
| ROE | 14.3% | Derived from disclosed figures |
| ROA | 4.9% | Derived from disclosed figures |

## What changed in 5 years

| Metric | FY ending Feb 2021 | FY ending Feb 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥380564000000 | ¥562774000000 | +47.9% |
| Operating income | ¥10571000000 | ¥20209000000 | +91.2% |
| Operating margin | 2.8% | 3.6% | +0.8 pp |
| Employees | 4,629 people | 4,260 people | -8.0% |
| Cash and equivalents | ¥43179000000 | ¥27462000000 | -36.4% |

### 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.

| Flow | Revenue share |
| --- | ---: |
| 日本 → 日本 | 76.7% |
| 豪州 → 事業再編・廃止 | 23.3% |
| 新設・再編 → 日本 | 23.3% |

Segment revenue source references: 3 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 562,774 | 100.0% | S100Y6I6 |
| Cost of revenue | 466,438 | 82.9% | S100Y6I6 |
| Gross profit | 96,336 | 17.1% | S100Y6I6 |
| SG&A | 76,127 | 13.5% | S100Y6I6 |
| Operating income | 20,209 | 3.6% | S100Y6I6 |
| Ordinary income | 18,608 | 3.3% | S100Y6I6 |
| Pretax income | 17,513 | 3.1% | S100Y6I6 |
| Income tax | 5,530 | 1.0% | S100Y6I6 |
| Net income | 11,982 | 2.1% | S100Y6I6 |
| Net income attributable to owners | 11,914 | 2.1% | S100Y6I6 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 83 |
| SG&A | 13 |
| Operating income | 4 |
| (Ref.) Net income | 2 |

### Margin funnel

Gross margin 17.1% → Operating margin 3.6% → Net margin 2.1%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +13.3%; Core profit growth: +1.6%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): 0.12×
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 | 496,678 | 562,774 | 66,096 | +13.3% |
| Gross profit | 88,675 | 96,336 | 7,661 | +8.6% |
| Operating income | 19,890 | 20,209 | 319 | +1.6% |
| Net income attributable to owners | 13,447 | 11,914 | -1,533 | -11.4% |
| Operating cash flow | -20,036 | 11,059 | 31,095 | — |
| Free cash flow | -28,647 | -98 | 28,549 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Feb 2020 | 361,684 | 9,091 | 2.5% | 3,545 | 13,757 | 10,640 | S100LFOM |
| FY ending Feb 2021 | 380,564 | 10,571 | 2.8% | 1,484 | 19,508 | 17,664 | S100O5E0 |
| FY ending Feb 2022 | 459,532 | 18,485 | 4.0% | 10,794 | 8,276 | 2,852 | S100QWJQ |
| FY ending Feb 2023 | 416,514 | 18,684 | 4.5% | 14,205 | 2,275 | -3,568 | S100TIFV |
| FY ending Feb 2024 | 419,852 | 16,117 | 3.8% | 11,442 | 9,648 | 1,440 | S100VTZ7 |
| FY ending Feb 2025 | 496,678 | 19,890 | 4.0% | 13,447 | -20,036 | -28,647 | S100Y6I6 |
| FY ending Feb 2026 | 562,774 | 20,209 | 3.6% | 11,914 | 11,059 | -98 | S100Y6I6 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥132.1M |
| Operating income per employee (consolidated) | ¥4.7M |
| Net income per employee (consolidated) | ¥2.8M |

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) | 4,347 | 3,132 | 3,508 | 4,023 | 4,260 |
| Average salary (parent company) | ¥5.2M | ¥4.8M | ¥5.2M | ¥5.7M | ¥5.6M |
| Average age (parent company) | 33.3 years | 34.2 years | 34.0 years | 34.0 years | 34.3 years |
| Average tenure (parent company) | 6.4 years | 6.8 years | 6.2 years | 5.8 years | 6.3 years |

Year over year: Employees (consolidated) +5.9% · Revenue (consolidated) +13.3%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Japan | 553,744 | 100.0% | 20,144 | 3.6% |

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 11,059 | 2.0% | S100Y6I6 |
| Capital expenditure | 11,157 | 2.0% | S100Y6I6 |
| Free cash flow | -98 | -0.0% | 算出 |
| Investing cash flow | -11,513 | -2.0% | S100Y6I6 |
| Financing cash flow | 12,495 | 2.2% | S100Y6I6 |
| Dividends paid | 3,637 | 0.6% | S100Y6I6 |
| Share buyback | 0 | 0.0% | S100Y6I6 |
| Change in cash | 12,045 | 2.1% | S100Y6I6 |
| Cash and equivalents | 27,462 | 4.9% | S100Y6I6 |

## 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 | 45,670 | 37,473 | 30,548 | 15,416 | 27,462 | S100TIFV, S100VTZ7, S100Y6I6 |
| Total assets | 189,766 | 173,293 | 184,031 | 220,041 | 263,569 | S100QWJQ, S100TIFV, S100VTZ7, S100Y6I6 |
| Net assets | 55,709 | 62,702 | 69,930 | 80,832 | 89,668 | S100TIFV, S100VTZ7, S100Y6I6 |
| Share capital | 4,157 | 4,157 | 4,157 | 4,157 | 4,157 | S100QWJQ, S100TIFV, S100VTZ7, S100Y6I6 |
| Trade receivables | 5,620 | 3,927 | 12,631 | 26,989 | 30,671 | S100QWJQ, S100TIFV, S100VTZ7, S100Y6I6 |
| Property, plant and equipment | 23,663 | 26,441 | 33,829 | 39,149 | 54,297 | S100QWJQ, S100TIFV, S100VTZ7, S100Y6I6 |
| Intangible assets excluding goodwill | 11,775 | 1,389 | 1,330 | 1,267 | 1,875 | S100QWJQ, S100TIFV, S100VTZ7, S100Y6I6 |
| Goodwill | 5,995 | 86 | 78 | 70 | — | S100QWJQ, S100TIFV, S100VTZ7, S100Y6I6 |
| Investment securities | 20 | 0 | 0 | — | — | S100QWJQ, S100TIFV, S100VTZ7 |
| Current assets | 141,146 | 131,478 | 134,281 | 164,358 | 191,621 | S100QWJQ, S100TIFV, S100VTZ7, S100Y6I6 |
| Current liabilities | 61,085 | 64,165 | 63,327 | 70,389 | 82,112 | S100QWJQ, S100TIFV, S100VTZ7, S100Y6I6 |
| Short-term borrowings | 1,101 | — | — | 9,577 | 8,201 | S100QWJQ, S100Y6I6 |
| Long-term borrowings | 67,523 | 43,000 | 46,700 | 60,150 | 70,000 | S100QWJQ, S100TIFV, S100VTZ7, S100Y6I6 |
| Bonds | — | — | — | 3,000 | 7,000 | S100Y6I6 |
| Interest-bearing debt | — | — | — | 72,727 | 85,201 | 算出 |
| Total liabilities | 134,057 | 110,591 | 114,101 | 139,208 | 173,901 | S100QWJQ, S100TIFV, S100VTZ7, S100Y6I6 |
| Non-controlling interests | 1,693 | 468 | 906 | 1,394 | 1,739 | S100QWJQ, S100TIFV, S100VTZ7, S100Y6I6 |
| Equity attributable to owners of parent | 53,847 | 61,801 | 68,631 | 78,931 | 87,453 | S100QWJQ, S100TIFV, S100VTZ7, S100Y6I6 |
| Retained earnings | 49,673 | 56,738 | 64,093 | 73,608 | 81,885 | S100QWJQ, S100TIFV, S100VTZ7, S100Y6I6 |
| Treasury stock | -4,344 | -4,344 | -4,344 | -4,344 | -4,344 | S100QWJQ, S100TIFV, S100VTZ7, S100Y6I6 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 10% | S100Y6I6 |
| Receivables | 12% | S100Y6I6 |
| Property, plant and equipment | 20% | S100Y6I6 |
| Intangibles and goodwill | 1% | S100Y6I6 |
| Other assets | 57% | S100Y6I6 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Interest-bearing debt | 32% | 算出 |
| Other liabilities | 34% | S100Y6I6 |
| Equity | 34% | S100Y6I6 |

### 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 | 189,766 | 173,293 | 184,031 | 220,041 | 263,569 |
| Equity | 55,709 | 62,702 | 69,930 | 80,832 | 89,668 |
| Interest-bearing debt | — | — | — | 72,727 | 85,201 |
| Cash | 45,670 | 37,473 | 30,548 | 15,416 | 27,462 |

## 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) | 9.6% | S100Y6I6 |
| Fixed assets ÷ total assets | 20.6% | S100Y6I6 |
| Goodwill ÷ parent equity | — | —, S100Y6I6 |

### 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) | 10.4% |
| Cash ÷ revenue | 4.9% |
| Net cash (cash − interest-bearing debt) | -¥57.7B |
| Net debt ÷ operating cash flow | 5.22× |
| Cash conversion (operating CF ÷ operating income) | 54.7% |
| Cash vs. profit gap | -855 JPY mn (of net income -7.2%) |
| Shareholder returns / net income | 30.5% |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 30.5% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 2.0% |
| Investing CF relative to operating CF | 104.1% |

## 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 | 2.3% | 2.42× | 5.7% | 3.52× | 20.0% | S100QWJQ |
| 2023 | 3.4% | 2.29× | 7.8% | 3.14× | 24.6% | S100TIFV |
| 2024 | 2.7% | 2.35× | 6.4% | 2.74× | 17.5% | S100VTZ7 |
| 2025 | 2.7% | 2.46× | 6.7% | 2.74× | 18.2% | S100Y6I6 |
| 2026 | 2.1% | 2.33× | 4.9% | 2.91× | 14.3% | S100Y6I6 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社フォワード | Major shareholder | 27.9% | 2026-02-28 |
| 羽鳥 由宇介 （戸籍名：羽鳥 裕介） | Major shareholder | 5.9% | 2026-02-28 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 5.8% | 2026-02-28 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 4.8% | 2026-02-28 |
| 株式会社フォワードY | Major shareholder | 3.0% | 2026-02-28 |
| 株式会社フォワードT | Major shareholder | 3.0% | 2026-02-28 |
| BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC)(常任代理人 株式会社三菱UFJ銀行） | Major shareholder | 2.3% | 2026-02-28 |
| あいおいニッセイ同和損害保険株式会社（常任代理人 日本マスタートラスト信託銀行株式会社） | Major shareholder | 2.0% | 2026-02-28 |
| 羽鳥 貴夫 | Major shareholder | 1.9% | 2026-02-28 |
| ＪＰモルガン証券株式会社 | Major shareholder | 1.7% | 2026-02-28 |

## AI commentary（text by AI; the tables above are authoritative、claude-code）

- Revenue for the FY ending Feb 2026 rose +13.3% to ¥562.8B, up from ¥496.7B.
- Operating income barely moved, rising +1.6% to ¥20.2B.
- Net income fell -11.4% to ¥11.9B.
- Operating cash flow turned positive at ¥11.1B, after -¥20B the year before.

### Drivers

- Large stores opened the previous year started running at full pace, and existing large stores kept selling steadily
- Pricing without routine discounts and sales of add-on products kept gross profit per car high
- Higher prices at used-car auctions lifted retail and wholesale selling prices
- On the cost side, hiring for new large stores, plus rent and advertising for openings, pushed up SG&A

### Risks

- Sharp swings in used-car auction prices can make it hard to earn a fair margin
- Store openings are funded by bank loans, so tighter credit markets could make funding harder
- Stiffer competition for staff could raise hiring costs

Cited: Annual securities report (32nd term) (経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析); Annual securities report (32nd term) (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 訂正有価証券報告書－第32期(2025/03/01－2026/02/28) | S100Y6I6 | 2026-05-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Y6I6,, |
| 有価証券報告書－第31期(2024/03/01－2025/02/28) | S100VTZ7 | 2025-05-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VTZ7,, |
| 有価証券報告書－第30期(2023/03/01－2024/02/29) | S100TIFV | 2024-05-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TIFV,, |
| 訂正有価証券報告書－第29期(2022/03/01－2023/02/28) | S100QWJQ | 2023-06-07 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QWJQ,, |
| 有価証券報告書－第28期(令和3年3月1日－令和4年2月28日) | S100O5E0 | 2022-05-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100O5E0,, |
| 有価証券報告書－第27期(令和2年3月1日－令和3年2月28日) | S100LFOM | 2021-05-31 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LFOM,, |

## 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).