# Informetis Co., 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13期(2025/01/01－2025/12/31) (S100XTSK)
> Page: https://vizora.meequs.com/en/company/informetis
> Retrieved: 2026-09-30T20:25:11.528Z

## Company

Informetis, founded in 2013, is a company in Software & SaaS listed on TSE Growth. It has 38 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Informetis Co., Ltd. |
| Ticker | 281A |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/281A.T) |
| Listing | TSE Growth |
| Head office | 東京都港区芝大門一丁目12番16号 |
| Representative (per filing) | 代表取締役社長 只野 太郎 |
| Founded | Apr 2013 |
| Share capital | ¥318.9M |
| Employees (consolidated) | 38 |
| Average salary (parent only) | ¥8M |
| Fiscal year end | December |
| Website | www.informetis.com (https://www.informetis.com/) |
| Corporate number | 2010401105122 |
| EDINET | E37563 |
| Industries (Vizora) | Software & SaaS |

> Profile source: annual securities report (S100XTSK, filed 2026-03-26). As of filing

## Key points (generated from figures)

- Informetis brought in ¥530M in revenue.
- It lost about ¥119 for every ¥100 of sales at the operating level.
- Revenue changed -46.0% from the prior year, operating profit -1369.7%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥530M |  |
| Operating income | -¥628.7M | Margin -118.6% |
| Net income | -¥721.6M | Margin -136.2% |
| Free cash flow | -¥707.9M |  |
| Employees (consolidated) | 38 |  |
| EPS | ¥-129.81 |  |
| Book value per share | ¥136.03 |  |
| Equity ratio | 35.3% |  |
| Shares outstanding | 4,907,357 |  |
| Shareholders | 3,495 |  |
| Average salary (parent only) | ¥8M | Filing company only |
| Cash ratio | 25.3% | Cash ÷ revenue 78.8% |
| Vs. industry median margin | -131.1 pp | Software & SaaS |
| ROA | -39.6% | Derived from disclosed figures |

## Notable figures

- FY2025, operating loss is 119 per ¥100 of revenue
- FY2025, cash is 25% of total assets

## What changed in 2 years

| Metric | FY ending Dec 2023 | FY ending Dec 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥923322000 | ¥530019000 | -42.6% |
| Operating income | ¥-169374000 | ¥-628704000 | — |
| Operating margin | -18.3% | -118.6% | -100.3 pp |
| Employees | 55 people | 38 people | -30.9% |
| Cash and equivalents | ¥462591000 | ¥417679000 | -9.7% |

### Change in segment revenue mix

Span: FY ending Dec 2023 → FY ending Dec 2025. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 530 | 100.0% | S100XTSK |
| Cost of revenue | 256 | 48.2% | S100XTSK |
| Gross profit | 274 | 51.8% | S100XTSK |
| SG&A | 903 | 170.4% | S100XTSK |
| Operating income | -629 | -118.6% | S100XTSK |
| Ordinary income | -718 | -135.4% | S100XTSK |
| Pretax income | -721 | -136.0% | S100XTSK |
| Income tax | 1 | 0.2% | S100XTSK |
| Net income | -722 | -136.2% | S100XTSK |
| Net income attributable to owners | -722 | -136.2% | S100XTSK |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 48 |
| SG&A | 171 |
| Operating income | -119 |
| (Ref.) Net income | -136 |

### Margin funnel

Gross margin 51.8% → Operating margin -118.6% → Net margin -136.2%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Turned to a loss
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 | 982 | 530 | -452 | -46.0% |
| Gross profit | 657 | 274 | -382 | -58.2% |
| Operating income | 50 | -629 | -678 | -1369.7% |
| Net income attributable to owners | 56 | -722 | -778 | -1377.9% |
| Operating cash flow | 13 | -440 | -453 | -3617.6% |
| Free cash flow | -306 | -708 | -402 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Dec 2023 | 923 | -169 | -18.3% | -313 | -19 | -412 | S100VHPA |
| FY ending Dec 2024 | 982 | 50 | 5.0% | 56 | 13 | -306 | S100XTSK |
| FY ending Dec 2025 | 530 | -629 | -118.6% | -722 | -440 | -708 | S100XTSK |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥13.9M |
| Operating income per employee (consolidated) | -¥16.5M |
| Net income per employee (consolidated) | -¥19M |

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

| History | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: | ---: |
| Employees (consolidated) | 55 | 41 | 38 |
| Average salary (parent company) | — | ¥7.2M | ¥8M |
| Average age (parent company) | — | 44.1 years | 45.4 years |
| Average tenure (parent company) | — | 5.0 years | 6.1 years |

Year over year: Employees (consolidated) -7.3% · Revenue (consolidated) -46.0%

## 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 | -440 | -83.0% | S100XTSK |
| Capital expenditure | 268 | 50.5% | S100XTSK |
| Free cash flow | -708 | -133.6% | 算出 |
| Investing cash flow | -285 | -53.8% | S100XTSK |
| Financing cash flow | 344 | 65.0% | S100XTSK |
| Change in cash | -379 | -71.6% | S100XTSK |
| Cash and equivalents | 418 | 78.8% | S100XTSK |

## 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 2023 | FY ending Dec 2024 | FY ending Dec 2025 | Source |
| --- | ---: | ---: | ---: | ---: |
| Cash and equivalents | 463 | 797 | 418 | S100XTSK |
| Total assets | 1,328 | 1,994 | 1,648 | S100VHPA, S100XTSK |
| Net assets | 614 | 1,274 | 586 | S100XTSK |
| Share capital | 10 | 308 | 319 | S100VHPA, S100XTSK |
| Property, plant and equipment | 7 | 5 | 5 | S100VHPA, S100XTSK |
| Intangible assets excluding goodwill | 267 | 503 | 630 | S100VHPA, S100XTSK |
| Current assets | 728 | 1,126 | 714 | S100VHPA, S100XTSK |
| Current liabilities | 500 | 316 | 611 | S100VHPA, S100XTSK |
| Short-term borrowings | 200 | — | 300 | S100VHPA, S100XTSK |
| Long-term borrowings | 214 | 404 | 452 | S100VHPA, S100XTSK |
| Total liabilities | 713 | 721 | 1,063 | S100VHPA, S100XTSK |
| Equity attributable to owners of parent | 627 | 1,280 | 580 | S100VHPA, S100XTSK |
| Retained earnings | -652 | -596 | -1,317 | S100VHPA, S100XTSK |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 26% | S100XTSK |
| Property, plant and equipment | 0% | S100XTSK |
| Intangibles and goodwill | 38% | S100XTSK |
| Other assets | 36% | S100XTSK |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 64% | S100XTSK |
| Equity | 36% | S100XTSK |
| Other liabilities | 0% | S100XTSK |

### Balance sheet history

| Metric | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: | ---: |
| Total assets | 1,328 | 1,994 | 1,648 |
| Equity | 614 | 1,274 | 586 |
| Interest-bearing debt | — | — | — |
| Cash | 463 | 797 | 418 |

## 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) | 0.9% | S100XTSK |
| Fixed assets ÷ total assets | 0.3% | S100XTSK |
| Goodwill ÷ parent equity | — | —, S100XTSK |

### 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) | 25.3% |
| Cash ÷ revenue | 78.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | 282 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 50.5% |
| Investing CF relative to operating CF | — |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2023 | — | —× | -23.6% | —× | — | S100VHPA |
| 2024 | 5.7% | 0.59× | 3.4% | 1.74× | 5.9% | S100XTSK |
| 2025 | — | —× | -39.6% | —× | — | S100XTSK |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社フォーバル | Major shareholder | 12.9% | 2025-12-31 |
| TIS株式会社 | Major shareholder | 5.7% | 2025-12-31 |
| 伊藤忠エネクス株式会社 | Major shareholder | 5.2% | 2025-12-31 |
| 新井 友行 | Major shareholder | 3.1% | 2025-12-31 |
| 株式会社ＳＢＩ証券 | Major shareholder | 3.0% | 2025-12-31 |
| IEファスト＆エクセレント投資事業有限責任組合 | Major shareholder | 2.9% | 2025-12-31 |
| 株式会社建設技術研究所 | Major shareholder | 2.6% | 2025-12-31 |
| 田所 昇 | Major shareholder | 2.5% | 2025-12-31 |
| 楽天証券株式会社 | Major shareholder | 1.9% | 2025-12-31 |
| JIA1号投資事業有限責任組合 | Major shareholder | 1.7% | 2025-12-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第13期(2025/01/01－2025/12/31) | S100XTSK | 2026-03-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XTSK,, |
| 有価証券報告書－第12期(2024/01/01－2024/12/31) | S100VHPA | 2025-03-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VHPA,, |

## 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).