# IR Japan Holdings, Ltd.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第12期(2025/04/01－2026/03/31) (S100YATA)
> Page: https://vizora.meequs.com/en/company/ir-japan-holdings
> Retrieved: 2026-09-30T21:13:38.162Z

## Company

IR Japan Holdings, founded in 2015, is a company in PR & IR Services listed on TSE Standard. It has 183 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | IR Japan Holdings, Ltd. |
| Ticker | 6035 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6035.T) |
| Listing | TSE Standard |
| Head office | 東京都千代田区霞が関三丁目2番5号 |
| Representative (per filing) | 代表取締役社長・CEO 寺下 史郎 |
| Founded | Feb 2015 |
| Share capital | ¥865.3M |
| Employees (consolidated) | 183 |
| Average salary (parent only) | ¥13.4M |
| Fiscal year end | March |
| Website | www.irjapan.jp (https://www.irjapan.jp/) |
| Corporate number | 6010001165694 |
| EDINET | E31054 |
| Industries (Vizora) | PR & IR Services |

> Profile source: annual securities report (S100YATA, filed 2026-06-12). As of filing

## Five-axis industry profile

Primary industry: PR & IR Services (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 5.6 | 9 |
| Profitability | 77.3 | 11 |
| Cash conversion | 77.3 | 11 |
| Efficiency | 22.7 | 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)

- IR Japan Holdings brought in ¥6.14B in revenue.
- Out of every ¥100 of sales, about ¥21 is left as operating profit.
- Revenue changed +6.2% from the prior year, operating profit +27.7%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥6141932000 → ¥898606000
- Net income → operating cash flow: ¥898606000 → ¥1548413000（difference ¥649807000）
- Main uses of operating cash flow: CapEx ¥320406000 / dividends ¥408353000 / buybacks ¥5000
- Change in cash: ¥834736000
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 | ¥6.14B |  |
| Operating income | ¥1.28B | Margin 20.9% |
| Net income | ¥898.6M | Margin 14.6% |
| Free cash flow | ¥1.23B |  |
| Employees (consolidated) | 183 |  |
| EPS | ¥34.03 |  |
| Book value per share | ¥235.11 |  |
| Equity ratio | 81.6% |  |
| Shares outstanding | 17,839,710 |  |
| Treasury shares | 76,300 |  |
| Shareholders | 7,084 |  |
| Average salary (parent only) | ¥13.4M | Filing company only |
| Cash ratio | 66.5% | Cash ÷ revenue 81.2% |
| Vs. industry median margin | +7.5 pp | PR & IR Services |
| ROE | 15.3% | Derived from disclosed figures |
| ROA | 12.5% | Derived from disclosed figures |

## Notable figures

- FY2026, cash is 66% of total assets
- FY2026, parent-company salary changed +31% over five years

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥8284571000 | ¥6141932000 | -25.9% |
| Operating income | ¥4080597000 | ¥1283995000 | -68.5% |
| Operating margin | 49.3% | 20.9% | -28.3 pp |
| Employees | 190 people | 183 people | -3.7% |
| Cash and equivalents | ¥5388053000 | ¥4988575000 | -7.4% |

### 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.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 6,142 | 100.0% | S100YATA |
| Cost of revenue | 1,265 | 20.6% | S100YATA |
| Gross profit | 4,876 | 79.4% | S100YATA |
| SG&A | 3,592 | 58.5% | S100YATA |
| Operating income | 1,284 | 20.9% | S100YATA |
| Ordinary income | 1,301 | 21.2% | S100YATA |
| Pretax income | 1,301 | 21.2% | S100YATA |
| Income tax | 403 | 6.6% | S100YATA |
| Net income | 899 | 14.6% | S100YATA |
| Net income attributable to owners | 899 | 14.6% | S100YATA |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 21 |
| SG&A | 58 |
| Operating income | 21 |
| (Ref.) Net income | 15 |

### Margin funnel

Gross margin 79.4% → Operating margin 20.9% → Net margin 14.6%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +6.2%; Core profit growth: +27.7%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 4.48×
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 | 5,784 | 6,142 | 358 | +6.2% |
| Gross profit | 4,534 | 4,876 | 342 | +7.5% |
| Operating income | 1,005 | 1,284 | 279 | +27.7% |
| Net income attributable to owners | 699 | 899 | 200 | +28.6% |
| Operating cash flow | 773 | 1,548 | 775 | +100.3% |
| Free cash flow | 492 | 1,228 | 736 | +149.8% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 7,682 | 3,626 | 47.2% | 2,445 | 3,512 | 3,315 | S100LK7R |
| FY ending Mar 2021 | 8,285 | 4,081 | 49.3% | 2,803 | 2,398 | 2,078 | S100P8Q7 |
| FY ending Mar 2022 | 8,403 | 3,489 | 41.5% | 2,435 | 2,603 | 2,116 | S100QZ9R |
| FY ending Mar 2023 | 6,012 | 1,116 | 18.6% | 672 | 619 | 261 | S100TMZW |
| FY ending Mar 2024 | 5,664 | 1,072 | 18.9% | 763 | 1,826 | 1,520 | S100VXOG |
| FY ending Mar 2025 | 5,784 | 1,005 | 17.4% | 699 | 773 | 492 | S100YATA |
| FY ending Mar 2026 | 6,142 | 1,284 | 20.9% | 899 | 1,548 | 1,228 | S100YATA |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥33.6M |
| Operating income per employee (consolidated) | ¥7M |
| Net income per employee (consolidated) | ¥4.9M |

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) | 203 | 171 | 172 | 177 | 183 |
| Average salary (parent company) | ¥10.2M | ¥11.4M | ¥12.7M | ¥12.8M | ¥13.4M |
| Average age (parent company) | 43.4 years | 43.7 years | 46.4 years | 46.4 years | 47.4 years |
| Average tenure (parent company) | 12.1 years | 10.5 years | 4.7 years | 10.0 years | 11.1 years |

Year over year: Employees (consolidated) +3.4% · Revenue (consolidated) +6.2%

## 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 | 1,548 | 25.2% | S100YATA |
| Capital expenditure | 320 | 5.2% | S100YATA |
| Free cash flow | 1,228 | 20.0% | 算出 |
| Investing cash flow | -304 | -4.9% | S100YATA |
| Financing cash flow | -408 | -6.6% | S100YATA |
| Dividends paid | 408 | 6.6% | S100YATA |
| Share buyback | 0 | 0.0% | S100YATA |
| Change in cash | 835 | 13.6% | S100YATA |
| Cash and equivalents | 4,989 | 81.2% | S100YATA |

## 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 | 5,768 | 4,042 | 4,097 | 4,154 | 4,989 | S100TMZW, S100VXOG, S100YATA |
| Total assets | 9,027 | 7,362 | 6,670 | 6,901 | 7,503 | S100QZ9R, S100TMZW, S100VXOG, S100YATA |
| Net assets | 7,415 | 6,080 | 5,373 | 5,614 | 6,122 | S100TMZW, S100VXOG, S100YATA |
| Share capital | 865 | 865 | 865 | 865 | 865 | S100QZ9R, S100TMZW, S100VXOG, S100YATA |
| Property, plant and equipment | 388 | 351 | 303 | 267 | 226 | S100QZ9R, S100TMZW, S100VXOG, S100YATA |
| Intangible assets excluding goodwill | 708 | 788 | 818 | 820 | 844 | S100QZ9R, S100TMZW, S100VXOG, S100YATA |
| Investment securities | 177 | 174 | 163 | 134 | 140 | S100QZ9R, S100TMZW, S100VXOG, S100YATA |
| Current assets | 7,203 | 5,566 | 4,858 | 5,137 | 5,730 | S100QZ9R, S100TMZW, S100VXOG, S100YATA |
| Current liabilities | 1,550 | 1,222 | 1,231 | 1,216 | 1,304 | S100QZ9R, S100TMZW, S100VXOG, S100YATA |
| Short-term borrowings | 200 | 200 | 200 | 200 | 200 | S100QZ9R, S100TMZW, S100VXOG, S100YATA |
| Total liabilities | 1,612 | 1,283 | 1,297 | 1,287 | 1,381 | S100QZ9R, S100TMZW, S100VXOG, S100YATA |
| Equity attributable to owners of parent | 7,412 | 6,077 | 5,366 | 5,620 | 6,111 | S100QZ9R, S100TMZW, S100VXOG, S100YATA |
| Retained earnings | 6,404 | 5,068 | 4,357 | 4,612 | 5,102 | S100QZ9R, S100TMZW, S100VXOG, S100YATA |
| Treasury stock | -410 | -410 | -410 | -410 | -410 | S100QZ9R, S100TMZW, S100VXOG, S100YATA |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 67% | S100YATA |
| Property, plant and equipment | 3% | S100YATA |
| Intangibles and goodwill | 11% | S100YATA |
| Investment securities | 2% | S100YATA |
| Other assets | 17% | S100YATA |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 18% | S100YATA |
| Equity | 82% | S100YATA |
| Other liabilities | 0% | S100YATA |

### 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 | 9,027 | 7,362 | 6,670 | 6,901 | 7,503 |
| Equity | 7,415 | 6,080 | 5,373 | 5,614 | 6,122 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 5,768 | 4,042 | 4,097 | 4,154 | 4,989 |

## 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) | 3.7% | S100YATA |
| Fixed assets ÷ total assets | 3.0% | S100YATA |
| Goodwill ÷ parent equity | — | —, S100YATA |

### 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) | 66.5% |
| Cash ÷ revenue | 81.2% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 120.6% |
| Cash vs. profit gap | 650 JPY mn (of net income 72.3%) |
| Shareholder returns / net income | 45.4% |
| Shareholder returns / FCF | 33.3% |
| Shareholder payments — dividends / net income | 45.4% |
| Shareholder payments — dividends / FCF | 33.3% |
| CapEx intensity (capex ÷ revenue) | 5.2% |
| Investing CF relative to operating CF | 19.6% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 29.0% | 0.93× | 27.0% | 1.22× | 32.8% | S100QZ9R |
| 2023 | 11.2% | 0.73× | 8.2% | 1.21× | 10.0% | S100TMZW |
| 2024 | 13.5% | 0.81× | 10.9% | 1.23× | 13.3% | S100VXOG |
| 2025 | 12.1% | 0.85× | 10.3% | 1.24× | 12.7% | S100YATA |
| 2026 | 14.6% | 0.85× | 12.5% | 1.23× | 15.3% | S100YATA |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 寺下 史郎 | Major shareholder | 51.0% | 2026-03-31 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 6.1% | 2026-03-31 |
| 内藤 征吾 | Major shareholder | 2.9% | 2026-03-31 |
| 古川 良太 | Major shareholder | 1.5% | 2026-03-31 |
| 仁井田 博義 | Major shareholder | 1.3% | 2026-03-31 |
| 日本証券金融株式会社 | Major shareholder | 1.1% | 2026-03-31 |
| 筧 悦生 | Major shareholder | 0.9% | 2026-03-31 |
| 山口 英司 | Major shareholder | 0.6% | 2026-03-31 |
| アイ・アールジャパン従業員持株会 | Major shareholder | 0.6% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 0.5% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第12期(2025/04/01－2026/03/31) | S100YATA | 2026-06-12 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YATA,, |
| 有価証券報告書－第11期(2024/04/01－2025/03/31) | S100VXOG | 2025-06-16 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VXOG,, |
| 有価証券報告書－第10期(2023/04/01－2024/03/31) | S100TMZW | 2024-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TMZW,, |
| 有価証券報告書－第9期(2022/04/01－2023/03/31) | S100QZ9R | 2023-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QZ9R,, |
| 訂正有価証券報告書－第8期(令和3年4月1日－令和4年3月31日) | S100P8Q7 | 2022-09-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100P8Q7,, |
| 有価証券報告書－第7期(令和2年4月1日－令和3年3月31日) | S100LK7R | 2021-06-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LK7R,, |

## 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).