# IG Port,Inc.: business model and financials

> Latest period: FY ending May 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第37期(2025/06/01－2026/05/31) (S100YYRV)
> Page: https://vizora.meequs.com/en/company/ig-port
> Retrieved: 2026-09-30T21:35:39.721Z

## Company

IG Port, founded in 1987, is a company in Toys & Hobbies listed on TSE Standard. It has 544 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | IG Port,Inc. |
| Ticker | 3791 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3791.T) |
| Listing | TSE Standard |
| Head office | 東京都武蔵野市中町二丁目1番9号 |
| Representative (per filing) | 代表取締役社長 石川 光久 |
| Founded | Dec 1987 |
| Share capital | ¥781.5M |
| Employees (consolidated) | 544 |
| Average salary (parent only) | ¥12.8M |
| Fiscal year end | May |
| Website | www.igport.co.jp (https://www.igport.co.jp/) |
| Corporate number | 5012401001942 |
| EDINET | E02480 |
| Industries (Vizora) | Toys & Hobbies, Film & Anime, Publishing & Bookstores |

> Profile source: annual securities report (S100YYRV, filed 2026-08-26). As of filing

## Five-axis industry profile

Primary industry: Film & Anime (2026-05-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 16.7 | 9 |
| Profitability | 27.8 | 9 |
| Cash conversion | 68.8 | 8 |
| Efficiency | 83.3 | 9 |

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 58% of IG Port's sales come from Picture production business, with Publishing business and Copyright business making up much of the rest.
- Out of every ¥100 of sales, about ¥5 is left as operating profit.
- Revenue changed -3.7% from the prior year, operating profit -46.3%.

## Company structure

- Segment revenue mix: Picture production business 57.6%、Publishing business 16.4%、Copyright business 15.9%、Product sales business 8.1%、Other 1.9%
- Revenue → net income: ¥14064526000 → ¥669640000
- Net income → operating cash flow: ¥669640000 → ¥1082799000（difference ¥413159000）
- Main uses of operating cash flow: CapEx ¥308565000 / dividends ¥211455000 / buybacks ¥75000
- Change in cash: ¥1483629000
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 | ¥14.1B |  |
| Operating income | ¥766.3M | Margin 5.4% |
| Net income | ¥669.6M | Margin 4.8% |
| Free cash flow | ¥774.2M |  |
| Largest business | Picture production business | of segment revenue 57.6% |
| Employees (consolidated) | 544 |  |
| EPS | ¥11.69 |  |
| Book value per share | ¥257.79 |  |
| Equity ratio | 65.9% |  |
| Shares outstanding | 20,221,600 |  |
| Treasury shares | 100 |  |
| Shareholders | 7,122 |  |
| Average salary (parent only) | ¥12.8M | Filing company only |
| Cash ratio | 40.4% | Cash ÷ revenue 43.5% |
| Vs. industry median margin | -4.2 pp | Film & Anime |
| ROE | 7.5% | Derived from disclosed figures |
| ROA | 4.7% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 62% of positive segment profit
- FY2026, segment profit share differs by 46 points
- FY2026, cash is 40% of total assets

## What changed in 5 years

| Metric | FY ending May 2021 | FY ending May 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥9934081000 | ¥14064526000 | +41.6% |
| Operating income | ¥690895000 | ¥766269000 | +10.9% |
| Operating margin | 7.0% | 5.4% | -1.5 pp |
| Employees | 365 people | 544 people | +49.0% |
| Cash and equivalents | ¥4495744000 | ¥6123554000 | +36.2% |

### Change in segment revenue mix

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

| Flow | Revenue share |
| --- | ---: |
| 映像制作事業 → 映像制作事業 | 53.9% |
| 出版事業 → 出版事業 | 16.4% |
| 出版事業 → 事業再編・廃止 | 5.3% |
| 版権事業 → 版権事業 | 15.9% |
| 版権事業 → 事業再編・廃止 | 5.6% |
| その他 → その他 | 1.9% |
| その他 → 事業再編・廃止 | 1.1% |
| 新設・再編 → 映像制作事業 | 3.8% |
| 新設・再編 → 商品販売事業 | 8.1% |

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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Picture production business | 5 years | +8.7% | ¥8105517000 | -16.6% | 2 |
| Publishing business | 5 years | +1.4% | ¥2313462000 | 11.1% | 2 |
| Copyright business | 5 years | +1.0% | ¥2235625000 | 63.8% | 2 |
| Product sales business | 2 years | +547.4% | ¥1144560000 | 54.3% | 2 |
| Other | 5 years | -1.9% | ¥265360000 | 0.1% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 14,065 | 100.0% | S100YYRV |
| Cost of revenue | 11,493 | 81.7% | S100YYRV |
| Gross profit | 2,572 | 18.3% | S100YYRV |
| SG&A | 1,806 | 12.8% | S100YYRV |
| Operating income | 766 | 5.4% | S100YYRV |
| Ordinary income | 920 | 6.5% | S100YYRV |
| Pretax income | 898 | 6.4% | S100YYRV |
| Income tax | 229 | 1.6% | S100YYRV |
| Net income | 670 | 4.8% | S100YYRV |
| Net income attributable to owners | 670 | 4.8% | S100YYRV |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 82 |
| SG&A | 13 |
| Operating income | 5 |
| (Ref.) Net income | 5 |

### Margin funnel

Gross margin 18.3% → Operating margin 5.4% → Net margin 4.8%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit down
Revenue growth: -3.7%; Core profit growth: -46.3%
Operating leverage (core profit growth ÷ revenue growth): 12.66×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 14,598 | 14,065 | -534 | -3.7% |
| Gross profit | 3,056 | 2,572 | -484 | -15.8% |
| Operating income | 1,426 | 766 | -660 | -46.3% |
| Net income attributable to owners | 828 | 670 | -158 | -19.1% |
| Operating cash flow | -1,859 | 1,083 | 2,942 | — |
| Free cash flow | -2,587 | 774 | 3,362 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending May 2020 | 9,063 | 283 | 3.1% | -23 | 1,733 | 274 | S100MCUN |
| FY ending May 2021 | 9,934 | 691 | 7.0% | 582 | 2,146 | 774 | S100P3KW |
| FY ending May 2022 | 11,872 | 573 | 4.8% | 6 | 2,496 | 1,214 | S100RRHV |
| FY ending May 2023 | 11,164 | 991 | 8.9% | 767 | 1,819 | 861 | S100UADJ |
| FY ending May 2024 | 11,841 | 1,226 | 10.4% | 1,158 | 3,056 | 1,832 | S100WL1X |
| FY ending May 2025 | 14,598 | 1,426 | 9.8% | 828 | -1,859 | -2,587 | S100YYRV |
| FY ending May 2026 | 14,065 | 766 | 5.4% | 670 | 1,083 | 774 | S100YYRV |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥25.9M |
| Operating income per employee (consolidated) | ¥1.4M |
| Net income per employee (consolidated) | ¥1.2M |

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

| History | FY ending May 2022 | FY ending May 2023 | FY ending May 2024 | FY ending May 2025 | FY ending May 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 393 | 400 | 461 | 517 | 544 |
| Average salary (parent company) | ¥10.4M | ¥13.4M | ¥11.7M | ¥10.8M | ¥12.8M |
| Average age (parent company) | 49.0 years | 49.9 years | 45.2 years | 46.2 years | 47.2 years |
| Average tenure (parent company) | 3.4 years | 4.4 years | 6.9 years | 9.9 years | 10.8 years |

Year over year: Employees (consolidated) +5.2% · Revenue (consolidated) -3.7%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Picture production business | 8,106 | 57.6% | -1,342 | -16.6% |
| Publishing business | 2,313 | 16.4% | 257 | 11.1% |
| Copyright business | 2,236 | 15.9% | 1,427 | 63.8% |
| Product sales business | 1,145 | 8.1% | 622 | 54.3% |
| Other | 265 | 1.9% | 0 | 0.1% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Picture production business | 57.6% | — | — | -16.6% |
| Publishing business | 16.4% | 11.1% | -5.3 | 11.1% |
| Copyright business | 15.9% | 61.9% | 46.0 | 63.8% |
| Product sales business | 8.1% | 27.0% | 18.8 | 54.3% |
| Other | 1.9% | 0.0% | -1.9 | 0.1% |

Loss-making segment (excluded from profit shares): Picture production business -1,342 JPY mn

Segment → industry: Product sales business → Toys & Hobbies / Copyright business → Film & Anime / Picture production business → Film & Anime / Publishing business → Publishing & Bookstores

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 1,083 | 7.7% | S100YYRV |
| Capital expenditure | 309 | 2.2% | S100YYRV |
| Free cash flow | 774 | 5.5% | 算出 |
| Investing cash flow | -1,124 | -8.0% | S100YYRV |
| Financing cash flow | 1,503 | 10.7% | S100YYRV |
| Dividends paid | 211 | 1.5% | S100YYRV |
| Share buyback | 0 | 0.0% | S100YYRV |
| Change in cash | 1,484 | 10.5% | S100YYRV |
| Cash and equivalents | 6,124 | 43.5% | S100YYRV |

## 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 May 2022 | FY ending May 2023 | FY ending May 2024 | FY ending May 2025 | FY ending May 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 5,295 | 6,118 | 7,747 | 4,640 | 6,124 | S100UADJ, S100WL1X, S100YYRV |
| Total assets | 11,415 | 12,542 | 14,002 | 13,092 | 15,142 | S100RRHV, S100UADJ, S100WL1X, S100YYRV |
| Net assets | 5,458 | 6,206 | 7,318 | 7,829 | 9,984 | S100UADJ, S100WL1X, S100YYRV |
| Share capital | 782 | 782 | 782 | 782 | 782 | S100RRHV, S100UADJ, S100WL1X, S100YYRV |
| Property, plant and equipment | 1,776 | 1,590 | 1,472 | 1,607 | 1,802 | S100RRHV, S100UADJ, S100WL1X, S100YYRV |
| Intangible assets excluding goodwill | 36 | 413 | 1,104 | 93 | 110 | S100RRHV, S100UADJ, S100WL1X, S100YYRV |
| Investment securities | 253 | 246 | 262 | 286 | 299 | S100RRHV, S100UADJ, S100WL1X, S100YYRV |
| Current assets | 8,958 | 9,873 | 10,713 | 10,643 | 12,502 | S100RRHV, S100UADJ, S100WL1X, S100YYRV |
| Current liabilities | 5,450 | 5,819 | 6,283 | 4,887 | 4,659 | S100RRHV, S100UADJ, S100WL1X, S100YYRV |
| Long-term borrowings | 200 | 200 | — | — | 82 | S100RRHV, S100UADJ, S100YYRV |
| Total liabilities | 5,957 | 6,337 | 6,684 | 5,263 | 5,158 | S100RRHV, S100UADJ, S100WL1X, S100YYRV |
| Non-controlling interests | 81 | 77 | 28 | — | — | S100RRHV, S100UADJ, S100WL1X |
| Equity attributable to owners of parent | 5,378 | 6,121 | 7,277 | 7,815 | 9,969 | S100RRHV, S100UADJ, S100WL1X, S100YYRV |
| Retained earnings | 2,946 | 3,689 | 4,654 | 5,193 | 5,650 | S100RRHV, S100UADJ, S100WL1X, S100YYRV |
| Treasury stock | -536 | -536 | -417 | -418 | -0 | S100RRHV, S100UADJ, S100WL1X, S100YYRV |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 40% | S100YYRV |
| Property, plant and equipment | 12% | S100YYRV |
| Intangibles and goodwill | 1% | S100YYRV |
| Investment securities | 2% | S100YYRV |
| Other assets | 45% | S100YYRV |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 34% | S100YYRV |
| Equity | 66% | S100YYRV |
| Other liabilities | 0% | S100YYRV |

### Balance sheet history

| Metric | FY ending May 2022 | FY ending May 2023 | FY ending May 2024 | FY ending May 2025 | FY ending May 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 11,415 | 12,542 | 14,002 | 13,092 | 15,142 |
| Equity | 5,458 | 6,206 | 7,318 | 7,829 | 9,984 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 5,295 | 6,118 | 7,747 | 4,640 | 6,124 |

## 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) | 12.8% | S100YYRV |
| Fixed assets ÷ total assets | 11.9% | S100YYRV |
| Goodwill ÷ parent equity | — | —, S100YYRV |

### 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) | 40.4% |
| Cash ÷ revenue | 43.5% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 141.3% |
| Cash vs. profit gap | 413 JPY mn (of net income 61.7%) |
| Shareholder returns / net income | 31.6% |
| Shareholder returns / FCF | 27.3% |
| Shareholder payments — dividends / net income | 31.6% |
| Shareholder payments — dividends / FCF | 27.3% |
| CapEx intensity (capex ÷ revenue) | 2.2% |
| Investing CF relative to operating CF | 103.8% |

## 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 | 0.0% | 1.04× | 0.1% | 2.12× | 0.1% | S100RRHV |
| 2023 | 6.9% | 0.93× | 6.4% | 2.08× | 13.3% | S100UADJ |
| 2024 | 9.8% | 0.89× | 8.7% | 1.98× | 17.3% | S100WL1X |
| 2025 | 5.7% | 1.08× | 6.1% | 1.80× | 11.0% | S100YYRV |
| 2026 | 4.8% | 1.00× | 4.7% | 1.59× | 7.5% | S100YYRV |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 石川 光久 | Major shareholder | 18.9% | 2026-05-31 |
| 日本テレビ放送網株式会社 | Major shareholder | 9.9% | 2026-05-31 |
| 株式会社電通グループ | Major shareholder | 9.9% | 2026-05-31 |
| 株式会社サンリオ | Major shareholder | 5.0% | 2026-05-31 |
| 株式会社ＮＴＴドコモ | Major shareholder | 5.0% | 2026-05-31 |
| NOMURA PB NOMINEES LIMITED OMNIBUS-MARGIN (CASHPB) （常任代理人 野村證券株式会社） | Major shareholder | 3.4% | 2026-05-31 |
| 柳澤 安慶 | Major shareholder | 3.0% | 2026-05-31 |
| US BANK NATIONAL ASSOCIATION JP ACCTS TS （常任代理人 株式会社三菱UFJ銀行） | Major shareholder | 2.8% | 2026-05-31 |
| 保坂 嘉弘 | Major shareholder | 2.6% | 2026-05-31 |
| 佐藤 徹 | Major shareholder | 2.1% | 2026-05-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第37期(2025/06/01－2026/05/31) | S100YYRV | 2026-08-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YYRV,, |
| 有価証券報告書－第36期(2024/06/01－2025/05/31) | S100WL1X | 2025-08-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WL1X,, |
| 有価証券報告書－第35期(2023/06/01－2024/05/31) | S100UADJ | 2024-08-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UADJ,, |
| 有価証券報告書－第34期(2022/06/01－2023/05/31) | S100RRHV | 2023-08-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RRHV,, |
| 有価証券報告書－第33期(令和3年6月1日－令和4年5月31日) | S100P3KW | 2022-08-31 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100P3KW,, |
| 有価証券報告書－第32期(令和2年6月1日－令和3年5月31日) | S100MCUN | 2021-08-31 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MCUN,, |

## 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).