# Information Strategy and Technology 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17期(2025/01/01－2025/12/31) (S100XTWQ)
> Page: https://vizora.meequs.com/en/company/is-tech
> Retrieved: 2026-09-30T18:34:38.537Z

## Company

Information Strategy and Technology, founded in 2009, is a company in IT Services & System Integration listed on TSE Growth. It has 406 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Information Strategy and Technology Co., Ltd. |
| Ticker | 155A |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/155A.T) |
| Listing | TSE Growth |
| Head office | 東京都渋谷区恵比寿四丁目20番3号 |
| Representative (per filing) | 代表取締役社長 髙井 淳 |
| Founded | Jan 2009 |
| Share capital | ¥462.7M |
| Employees (consolidated) | 406 |
| Average salary (parent only) | ¥6.4M |
| Fiscal year end | December |
| Website | www.is-tech.co.jp (https://www.is-tech.co.jp/) |
| Corporate number | 2011001059411 |
| EDINET | E39405 |
| Industries (Vizora) | IT Services & System Integration |

> Profile source: annual securities report (S100XTWQ, filed 2026-03-25). As of filing

## Five-axis industry profile

Primary industry: IT Services & System Integration (2025-12-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 34.4 | 196 |
| Cash conversion | 38.1 | 185 |
| Efficiency | 89.5 | 196 |

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)

- Information Strategy and Technology brought in ¥8.02B in revenue.
- Out of every ¥100 of sales, about ¥7 is left as operating profit.
- Revenue changed +37.1% from the prior year, operating profit +33.9%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥8019568000 → ¥304310000
- Net income → operating cash flow: ¥304310000 → ¥416644000（difference ¥112334000）
- Main uses of operating cash flow: CapEx ¥15600000 / dividends — / buybacks ¥380121000
- Change in cash: ¥-148994000
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 | ¥8.02B |  |
| Operating income | ¥553.2M | Margin 6.9% |
| Net income | ¥304.3M | Margin 3.8% |
| Free cash flow | ¥401M |  |
| Employees (consolidated) | 406 |  |
| EPS | ¥32.8 |  |
| Diluted EPS | ¥31.1 |  |
| Book value per share | ¥173.16 |  |
| Equity ratio | 42.7% |  |
| Shares outstanding | 10,637,253 |  |
| Treasury shares | 400,000 |  |
| Shareholders | 5,132 |  |
| Average salary (parent only) | ¥6.4M | Filing company only |
| Cash ratio | 41.0% | Cash ÷ revenue 20.8% |
| Vs. industry median margin | -2 pp | IT Services & System Integration |
| ROE | 17.5% | Derived from disclosed figures |
| ROA | 7.5% | Derived from disclosed figures |

## Notable figures

- FY2025, cash is 41% of total assets

## What changed in 3 years

Currency or consolidation scope differs; percentage changes are omitted.

| Metric | FY ending Dec 2022 | FY ending Dec 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥4939952000 | ¥8019568000 | — |
| Operating income | ¥302037000 | ¥553165000 | — |
| Operating margin | 6.1% | 6.9% | +0.8 pp |
| Employees | 245 people | 406 people | — |
| Cash and equivalents | ¥1067496000 | ¥1667756000 | — |

### Change in segment revenue mix

Span: FY ending Dec 2022 → 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 | 8,020 | 100.0% | S100XTWQ |
| Cost of revenue | 5,901 | 73.6% | S100XTWQ |
| Gross profit | 2,119 | 26.4% | S100XTWQ |
| SG&A | 1,566 | 19.5% | S100XTWQ |
| Operating income | 553 | 6.9% | S100XTWQ |
| Ordinary income | 533 | 6.6% | S100XTWQ |
| Pretax income | 532 | 6.6% | S100XTWQ |
| Income tax | 228 | 2.8% | S100XTWQ |
| Net income | 304 | 3.8% | S100XTWQ |
| Net income attributable to owners | 304 | 3.8% | S100XTWQ |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 74 |
| SG&A | 19 |
| Operating income | 7 |
| (Ref.) Net income | 4 |

### Margin funnel

Gross margin 26.4% → Operating margin 6.9% → Net margin 3.8%
Derived from reported figures (DERIVED).

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 5,848 | 8,020 | 2,172 | +37.1% |
| Gross profit | 1,674 | 2,119 | 445 | +26.6% |
| Operating income | 413 | 553 | 140 | +33.9% |
| Operating cash flow | 194 | 417 | 223 | +115.0% |
| Free cash flow | 172 | 401 | 229 | +133.1% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Dec 2022 | 4,940 | 302 | 6.1% | 285 | 92 | 78 | S100T6PP |
| FY ending Dec 2023 | 5,298 | 388 | 7.3% | 275 | 292 | 285 | S100VIQ5 |
| FY ending Dec 2024 | 5,848 | 413 | 7.1% | 273 | 194 | 172 | S100VIQ5 |
| FY ending Dec 2025 | 8,020 | 553 | 6.9% | 304 | 417 | 401 | S100XTWQ |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥19.8M |
| Operating income per employee (consolidated) | ¥1.4M |
| Net income per employee (consolidated) | ¥749.5K |

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

| History | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 245 | 283 | 321 | 406 |
| Average salary (parent company) | — | ¥6.3M | ¥6.3M | ¥6.4M |
| Average age (parent company) | — | 33.4 years | 32.8 years | 32.3 years |
| Average tenure (parent company) | — | 4.1 years | 4.3 years | 4.4 years |

## 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 | 417 | 5.2% | S100XTWQ |
| Capital expenditure | 16 | 0.2% | S100XTWQ |
| Free cash flow | 401 | 5.0% | 算出 |
| Investing cash flow | -1,191 | -14.9% | S100XTWQ |
| Financing cash flow | 626 | 7.8% | S100XTWQ |
| Share buyback | 380 | 4.7% | S100XTWQ |
| Change in cash | -149 | -1.9% | S100XTWQ |
| Cash and equivalents | 1,668 | 20.8% | S100XTWQ |

## 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 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 1,067 | 1,156 | 1,817 | 1,668 | S100VIQ5, S100XTWQ |
| Total assets | 1,736 | 1,838 | 2,815 | 4,073 | S100T6PP, S100VIQ5, S100XTWQ |
| Net assets | 438 | 714 | 1,752 | 1,740 | S100VIQ5, S100XTWQ |
| Share capital | 50 | 50 | 433 | 463 | S100T6PP, S100VIQ5, S100XTWQ |
| Inventories | — | — | — | 17 | S100XTWQ |
| Property, plant and equipment | 20 | 20 | 25 | 28 | S100T6PP, S100VIQ5, S100XTWQ |
| Intangible assets excluding goodwill | 5 | 4 | 3 | 537 | S100T6PP, S100VIQ5, S100XTWQ |
| Goodwill | — | — | — | 468 | S100XTWQ |
| Investment securities | — | — | — | 298 | S100XTWQ |
| Current assets | 1,605 | 1,719 | 2,587 | 2,983 | S100T6PP, S100VIQ5, S100XTWQ |
| Current liabilities | 943 | 950 | 1,016 | 1,416 | S100T6PP, S100VIQ5, S100XTWQ |
| Short-term borrowings | 150 | 150 | 150 | — | S100T6PP, S100VIQ5 |
| Long-term borrowings | 355 | 174 | 47 | 894 | S100T6PP, S100VIQ5, S100XTWQ |
| Total liabilities | 1,298 | 1,124 | 1,063 | 2,333 | S100T6PP, S100VIQ5, S100XTWQ |
| Equity attributable to owners of parent | 438 | 713 | 1,752 | 1,740 | S100T6PP, S100VIQ5, S100XTWQ |
| Retained earnings | 388 | 663 | 937 | 1,241 | S100T6PP, S100VIQ5, S100XTWQ |
| Treasury stock | — | — | — | -377 | S100XTWQ |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 41% | S100XTWQ |
| Inventories | 0% | S100XTWQ |
| Property, plant and equipment | 1% | S100XTWQ |
| Intangibles and goodwill | 25% | S100XTWQ |
| Investment securities | 7% | S100XTWQ |
| Other assets | 26% | S100XTWQ |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 57% | S100XTWQ |
| Equity | 43% | S100XTWQ |

### Balance sheet history

| Metric | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: | ---: | ---: |
| Total assets | 1,736 | 1,838 | 2,815 | 4,073 |
| Equity | 438 | 714 | 1,752 | 1,740 |
| Interest-bearing debt | — | — | — | — |
| Cash | 1,067 | 1,156 | 1,817 | 1,668 |

## 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) | 0.3% | S100XTWQ |
| Fixed assets ÷ total assets | 0.7% | S100XTWQ |
| Goodwill ÷ parent equity | 26.9% | S100XTWQ |

### 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) | 41.0% |
| Cash ÷ revenue | 20.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 75.3% |
| Cash vs. profit gap | 112 JPY mn (of net income 36.9%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 0.2% |
| Investing CF relative to operating CF | 286.0% |

## 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 | 5.8% | 2.85× | 16.4% | 3.96× | 65.1% | S100T6PP |
| 2023 | 5.2% | 2.96× | 15.4% | 3.10× | 47.8% | S100VIQ5 |
| 2024 | 4.7% | 2.51× | 11.7% | 1.89× | 22.2% | S100VIQ5 |
| 2025 | 3.8% | 1.97× | 7.5% | 2.34× | 17.5% | S100XTWQ |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 髙井 淳 | Major shareholder | 35.9% | 2025-12-31 |
| 株式会社ＩＳＴホールディングス | Major shareholder | 34.2% | 2025-12-31 |
| 情報戦略テクノロジー社員持株会 | Major shareholder | 2.9% | 2025-12-31 |
| 礒谷 幸始 | Major shareholder | 2.6% | 2025-12-31 |
| ＮＯＭＵＲＡ ＰＢ ＮＯＭＩＮＥＥＳ LＩＭＩＴＥＤ ＯＭＮＩＢＵＳ－ＭＡＲＧＩN（ＣＡＳＨＰＢ） （常任代理人 野村證券株式会社） | Major shareholder | 1.5% | 2025-12-31 |
| 瀧本 崇 | Major shareholder | 1.1% | 2025-12-31 |
| 川原 翔太 | Major shareholder | 1.0% | 2025-12-31 |
| 廣田 重徳 | Major shareholder | 0.9% | 2025-12-31 |
| ＢＮＹＭ ＳＡ／ＮＶ ＦＯＲ ＢＮＹＭ ＦＯＲ ＢＮＹ ＧＣＭ ＣＬＩＥＮＴ ＡＣＯＵＮＴＳ Ｍ ＬＳＣＢ ＲＤ （常任代理人 株式会社三菱ＵＦＪ銀行） | Major shareholder | 0.5% | 2025-12-31 |
| 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 | 0.5% | 2025-12-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第17期(2025/01/01－2025/12/31) | S100XTWQ | 2026-03-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XTWQ,, |
| 有価証券報告書－第16期(2024/01/01－2024/12/31) | S100VIQ5 | 2025-03-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VIQ5,, |
| 有価証券報告書－第15期(2023/01/01－2023/12/31) | S100T6PP | 2024-03-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100T6PP,, |

## 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).