# IFIS JAPAN LTD.: business model and financials

> Latest period: FY ending Dec 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第31期(2025/01/01－2025/12/31) (S100XT95)
> Page: https://vizora.meequs.com/en/company/ifis-japan
> Retrieved: 2026-09-30T18:26:58.911Z

## Company

Ifis Japan, founded in 1995, is a company in IT Services & System Integration listed on TSE Standard. It has 286 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | IFIS JAPAN LTD. |
| Ticker | 7833 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7833.T) |
| Listing | TSE Standard |
| Head office | 東京都港区六本木一丁目8番7号 |
| Representative (per filing) | 代表取締役 大澤 弘毅 |
| Founded | May 1995 |
| Share capital | ¥382.5M |
| Employees (consolidated) | 286 |
| Average salary (parent only) | ¥5.6M |
| Fiscal year end | December |
| Website | www.ifis.co.jp (https://www.ifis.co.jp/) |
| Corporate number | 9010001009543 |
| EDINET | E05512 |
| Industries (Vizora) | IT Services & System Integration, Software & SaaS, PR & IR Services, Business Process Outsourcing, Printing |

> Profile source: annual securities report (S100XT95, filed 2026-03-26). As of filing

## Five-axis industry profile

Primary industry: PR & IR Services (2025-12-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 27.8 | 9 |
| Profitability | 31.8 | 11 |
| Cash conversion | 13.6 | 11 |
| Efficiency | 50 | 11 |

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 27% of Ifis Japan's sales come from Document Solution Business Group, with Financial Information Business Group and language Solution Business Group making up much of the rest.
- Out of every ¥100 of sales, about ¥12 is left as operating profit.
- Revenue changed +18.7% from the prior year, operating profit +26.4%.

## Company structure

- Segment revenue mix: Document Solution Business Group 26.9%、Financial Information Business Group 21.6%、language Solution Business Group 20.3%、Fund Disclosure Business Group 19.3%、IT Solution Business Group 11.9%
- Revenue → net income: ¥6956047000 → ¥556292000
- Net income → operating cash flow: ¥556292000 → ¥508294000（difference ¥-47998000）
- Main uses of operating cash flow: CapEx ¥82987000 / dividends ¥284223000 / buybacks —
- Change in cash: ¥138204000
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 | ¥6.96B |  |
| Operating income | ¥851.6M | Margin 12.2% |
| Net income | ¥556.3M | Margin 8.0% |
| Free cash flow | ¥425.3M |  |
| Largest business | Document Solution Business Group | of segment revenue 26.9% |
| Employees (consolidated) | 286 |  |
| EPS | ¥29.68 |  |
| Book value per share | ¥420.48 |  |
| Equity ratio | 83.0% |  |
| Shares outstanding | 10,242,000 |  |
| Treasury shares | 607,300 |  |
| Shareholders | 9,961 |  |
| Average salary (parent only) | ¥5.6M | Filing company only |
| Cash ratio | 63.8% | Cash ÷ revenue 65.7% |
| Vs. industry median margin | -1.1 pp | PR & IR Services |
| ROE | 9.6% | Derived from disclosed figures |
| ROA | 7.9% | Derived from disclosed figures |

## Notable figures

- FY2025, cash is 64% of total assets
- FY2025, employees -2% while operating income rose 26%
- FY2025, segment profit share differs by 25 points

## What changed in 5 years

| Metric | FY ending Dec 2020 | FY ending Dec 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥5355695000 | ¥6956047000 | +29.9% |
| Operating income | ¥693068000 | ¥851645000 | +22.9% |
| Operating margin | 12.9% | 12.2% | -0.7 pp |
| Employees | 200 people | 286 people | +43.0% |
| Cash and equivalents | ¥3931273000 | ¥4569298000 | +16.2% |

### Change in segment revenue mix

Span: FY ending Dec 2020 → FY ending Dec 2025. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 投資情報事業 → 投資情報事業 | 21.6% |
| 投資情報事業 → 事業再編・廃止 | 4.1% |
| ドキュメントソリューション事業 → ドキュメントソリューション事業 | 26.9% |
| ドキュメントソリューション事業 → 事業再編・廃止 | 7.0% |
| ファンドディスクロージャー事業 → ファンドディスクロージャー事業 | 19.3% |
| ファンドディスクロージャー事業 → 事業再編・廃止 | 8.3% |
| ＩＴソリューション事業 → ＩＴソリューション事業 | 11.9% |
| ＩＴソリューション事業 → 事業再編・廃止 | 1.0% |
| 新設・再編 → ランゲージソリューション事業 | 20.3% |

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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Document Solution Business Group | 5 years | +0.6% | ¥1872663000 | 11.2% | 2 |
| Financial Information Business Group | 5 years | +1.8% | ¥1500833000 | 40.3% | 2 |
| language Solution Business Group | 2 years | +181.5% | ¥1412845000 | 7.1% | 2 |
| Fund Disclosure Business Group | 5 years | -1.9% | ¥1340756000 | 20.3% | 2 |
| IT Solution Business Group | 5 years | +3.7% | ¥828948000 | 12.5% | 2 |

## Income statement（FY ending Dec 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 6,956 | 100.0% | S100XT95 |
| Cost of revenue | 4,068 | 58.5% | S100XT95 |
| Gross profit | 2,888 | 41.5% | S100XT95 |
| SG&A | 2,036 | 29.3% | S100XT95 |
| Operating income | 852 | 12.2% | S100XT95 |
| Ordinary income | 854 | 12.3% | S100XT95 |
| Pretax income | 851 | 12.2% | S100XT95 |
| Income tax | 295 | 4.2% | S100XT95 |
| Net income | 556 | 8.0% | S100XT95 |
| Net income attributable to owners | 556 | 8.0% | S100XT95 |

## Per ¥100 of revenue（FY ending Dec 2025）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 59 |
| SG&A | 29 |
| Operating income | 12 |
| (Ref.) Net income | 8 |

### Margin funnel

Gross margin 41.5% → Operating margin 12.2% → Net margin 8.0%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +18.7%; Core profit growth: +26.4%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.41×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Dec 2024 → FY ending Dec 2025、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 5,859 | 6,956 | 1,097 | +18.7% |
| Gross profit | 2,444 | 2,888 | 444 | +18.2% |
| Operating income | 674 | 852 | 178 | +26.4% |
| Net income attributable to owners | 422 | 556 | 134 | +31.8% |
| Operating cash flow | 582 | 508 | -74 | -12.7% |
| Free cash flow | 476 | 425 | -51 | -10.7% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Dec 2019 | 5,564 | 859 | 15.4% | 570 | 575 | 499 | S100L22Q |
| FY ending Dec 2020 | 5,356 | 693 | 12.9% | 449 | 611 | 562 | S100NR3Z |
| FY ending Dec 2021 | 5,280 | 739 | 14.0% | 485 | 573 | 523 | S100QG6G |
| FY ending Dec 2022 | 5,381 | 827 | 15.4% | 587 | 761 | 692 | S100T3XH |
| FY ending Dec 2023 | 5,554 | 699 | 12.6% | 449 | 606 | 445 | S100VHMY |
| FY ending Dec 2024 | 5,859 | 674 | 11.5% | 422 | 582 | 476 | S100XT95 |
| FY ending Dec 2025 | 6,956 | 852 | 12.2% | 556 | 508 | 425 | S100XT95 |

## People and productivity（FY ending Dec 2025, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥24.3M |
| Operating income per employee (consolidated) | ¥3M |
| Net income per employee (consolidated) | ¥1.9M |

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

| History | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 201 | 204 | 211 | 293 | 286 |
| Average salary (parent company) | ¥5.3M | ¥5.5M | ¥5.4M | ¥5.4M | ¥5.6M |
| Average age (parent company) | 40.4 years | 40.8 years | 41.7 years | 42.0 years | 42.5 years |
| Average tenure (parent company) | 6.7 years | 6.9 years | 7.2 years | 7.7 years | 8.0 years |

Year over year: Employees (consolidated) -2.4% · Revenue (consolidated) +18.7%

## Segments（FY ending Dec 2025, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Financial Information Business Group | 1,501 | 21.6% | 605 | 40.3% |
| Document Solution Business Group | 1,873 | 26.9% | 210 | 11.2% |
| Fund Disclosure Business Group | 1,341 | 19.3% | 273 | 20.3% |
| IT Solution Business Group | 829 | 11.9% | 104 | 12.5% |
| language Solution Business Group | 1,413 | 20.3% | 101 | 7.1% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Financial Information Business Group | 21.6% | 46.8% | 25.3 | 40.3% |
| Document Solution Business Group | 26.9% | 16.2% | -10.7 | 11.2% |
| Fund Disclosure Business Group | 19.3% | 21.1% | 1.8 | 20.3% |
| IT Solution Business Group | 11.9% | 8.0% | -3.9 | 12.5% |
| language Solution Business Group | 20.3% | 7.8% | -12.5 | 7.1% |

Segment → industry: IT Solution Business Group → IT Services & System Integration / Financial Information Business Group → Software & SaaS / Fund Disclosure Business Group → PR & IR Services / Document Solution Business Group → PR & IR Services / language Solution Business Group → Business Process Outsourcing / Document Solution Business Group → Printing

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Dec 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 508 | 7.3% | S100XT95 |
| Capital expenditure | 83 | 1.2% | S100XT95 |
| Free cash flow | 425 | 6.1% | 算出 |
| Investing cash flow | -85 | -1.2% | S100XT95 |
| Financing cash flow | -286 | -4.1% | S100XT95 |
| Dividends paid | 284 | 4.1% | S100XT95 |
| Change in cash | 138 | 2.0% | S100XT95 |
| Cash and equivalents | 4,569 | 65.7% | S100XT95 |

## 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 Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 4,325 | 4,891 | 5,071 | 4,431 | 4,569 | S100T3XH, S100VHMY, S100XT95 |
| Total assets | 5,482 | 5,968 | 6,192 | 6,974 | 7,165 | S100QG6G, S100T3XH, S100VHMY, S100XT95 |
| Net assets | 4,715 | 5,161 | 5,420 | 5,670 | 5,945 | S100T3XH, S100VHMY, S100XT95 |
| Share capital | 383 | 383 | 383 | 383 | 383 | S100QG6G, S100T3XH, S100VHMY, S100XT95 |
| Trade receivables | 526 | — | — | — | — | S100QG6G |
| Property, plant and equipment | 53 | 51 | 118 | 152 | 138 | S100QG6G, S100T3XH, S100VHMY, S100XT95 |
| Intangible assets excluding goodwill | 274 | 246 | 219 | 910 | 827 | S100QG6G, S100T3XH, S100VHMY, S100XT95 |
| Goodwill | 165 | 130 | 96 | 273 | 217 | S100QG6G, S100T3XH, S100VHMY, S100XT95 |
| Investment securities | 23 | 2 | 3 | 3 | 3 | S100QG6G, S100T3XH, S100VHMY, S100XT95 |
| Current assets | 4,929 | 5,445 | 5,596 | 5,609 | 5,905 | S100QG6G, S100T3XH, S100VHMY, S100XT95 |
| Current liabilities | 690 | 727 | 655 | 928 | 943 | S100QG6G, S100T3XH, S100VHMY, S100XT95 |
| Total liabilities | 767 | 807 | 772 | 1,303 | 1,220 | S100QG6G, S100T3XH, S100VHMY, S100XT95 |
| Equity attributable to owners of parent | 4,700 | 5,142 | 5,397 | 5,641 | 5,913 | S100QG6G, S100T3XH, S100VHMY, S100XT95 |
| Retained earnings | 3,957 | 4,399 | 4,669 | 4,913 | 5,185 | S100QG6G, S100T3XH, S100VHMY, S100XT95 |
| Treasury stock | -78 | -78 | -93 | -93 | -93 | S100QG6G, S100T3XH, S100VHMY, S100XT95 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 64% | S100XT95 |
| Property, plant and equipment | 2% | S100XT95 |
| Intangibles and goodwill | 14% | S100XT95 |
| Investment securities | 0% | S100XT95 |
| Other assets | 20% | S100XT95 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 17% | S100XT95 |
| Equity | 83% | S100XT95 |
| Other liabilities | 0% | S100XT95 |

### Balance sheet history

| Metric | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 5,482 | 5,968 | 6,192 | 6,974 | 7,165 |
| Equity | 4,715 | 5,161 | 5,420 | 5,670 | 5,945 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 4,325 | 4,891 | 5,071 | 4,431 | 4,569 |

## 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) | 2.0% | S100XT95 |
| Fixed assets ÷ total assets | 1.9% | S100XT95 |
| Goodwill ÷ parent equity | 3.7% | S100XT95 |

Goodwill over 4 years: 165 → 217 JPY; total investing cash flow: -1,460 JPY. This does not imply causation.

### 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) | 63.8% |
| Cash ÷ revenue | 65.7% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 59.7% |
| Cash vs. profit gap | -48 JPY mn (of net income -8.6%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 51.1% |
| Shareholder payments — dividends / FCF | 66.8% |
| CapEx intensity (capex ÷ revenue) | 1.2% |
| Investing CF relative to operating CF | 16.6% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2021 | 9.2% | 0.96× | 8.8% | 1.17× | 10.3% | S100QG6G |
| 2022 | 10.9% | 0.94× | 10.3% | 1.16× | 11.9% | S100T3XH |
| 2023 | 8.1% | 0.91× | 7.4% | 1.15× | 8.5% | S100VHMY |
| 2024 | 7.2% | 0.89× | 6.4% | 1.19× | 7.6% | S100XT95 |
| 2025 | 8.0% | 0.98× | 7.9% | 1.22× | 9.6% | S100XT95 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社大澤商事 | Major shareholder | 33.7% | 2025-12-31 |
| STATE STREET BANK AND TRUST CLIENT OMNIBUS ACCOUNT OM02 505002 （常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 7.5% | 2025-12-31 |
| 大沢 和春 | Major shareholder | 7.2% | 2025-12-31 |
| 光通信ＫＫ投資事業有限責任組合 無限責任組合員光通信株式会社 | Major shareholder | 4.5% | 2025-12-31 |
| 鈴木 智博 | Major shareholder | 3.1% | 2025-12-31 |
| 株式会社B&S | Major shareholder | 2.2% | 2025-12-31 |
| BBH FOR FIDELITY LOW-PRICED STOCK FUND （常任代理人 株式会社三菱UFJ銀行） | Major shareholder | 1.7% | 2025-12-31 |
| 大澤 由加子 | Major shareholder | 1.6% | 2025-12-31 |
| 大澤 弘毅 | Major shareholder | 1.6% | 2025-12-31 |
| 大沢 由利子 | Major shareholder | 1.4% | 2025-12-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第31期(2025/01/01－2025/12/31) | S100XT95 | 2026-03-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XT95,, |
| 有価証券報告書－第30期(2024/01/01－2024/12/31) | S100VHMY | 2025-03-31 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VHMY,, |
| 有価証券報告書－第29期(2023/01/01－2023/12/31) | S100T3XH | 2024-03-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100T3XH,, |
| 有価証券報告書－第28期(2022/01/01－2022/12/31) | S100QG6G | 2023-03-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QG6G,, |
| 有価証券報告書－第27期(令和3年1月1日－令和3年12月31日) | S100NR3Z | 2022-03-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100NR3Z,, |
| 有価証券報告書－第26期(令和2年1月1日－令和2年12月31日) | S100L22Q | 2021-03-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100L22Q,, |

## 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).