# JACCS CO., 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95期(2025/04/01－2026/03/31) (S100YEIM)
> Page: https://vizora.meequs.com/en/company/jaccs
> Retrieved: 2026-09-30T21:33:01.149Z

## Company

Jaccs, founded in 1959, is a company in Credit Cards & Consumer Credit listed on TSE Prime. It has 5,532 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | JACCS CO., LTD. |
| Ticker | 8584 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8584.T) |
| Listing | TSE Prime |
| Head office | 北海道函館市若松町2番5号(上記は登記上の本店所在地であり、実際の業務は下記の場所で行っております。) |
| Representative (per filing) | 取締役社長 村上亮 |
| Founded | Jul 1959 |
| Share capital | ¥35.7B |
| Employees (consolidated) | 5,532 |
| Average salary (parent only) | ¥6.8M |
| Fiscal year end | March |
| Website | www.jaccs.co.jp (https://www.jaccs.co.jp/) |
| Corporate number | 2440001001001 |
| EDINET | E04768 |
| Industries (Vizora) | Credit Cards & Consumer Credit |

> Profile source: annual securities report (S100YEIM, filed 2026-06-22). As of filing

## Key points (generated from figures)

- About 89% of Jaccs's sales come from Domestic, with Overseas making up much of the rest.
- Out of every ¥100 of sales, about ¥11 is left as operating profit.
- Revenue changed +0.7% from the prior year, operating profit -20.7%.

## Company structure

- Segment revenue mix: Domestic 88.6%、Overseas 11.4%
- Revenue → net income: ¥192315000000 → ¥13896000000
- Net income → operating cash flow: ¥13896000000 → ¥23136000000（difference ¥9240000000）
- Main uses of operating cash flow: CapEx ¥11037000000 / dividends — / buybacks ¥1000000
- Change in cash: ¥-29864000000
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 | ¥192.3B |  |
| Operating income | ¥20.4B | Margin 10.6% |
| Net income | ¥15.3B | Margin 8.0% |
| Free cash flow | ¥12.1B |  |
| Largest business | Domestic | of segment revenue 88.6% |
| Employees (consolidated) | 5,532 |  |
| EPS | ¥307.72 |  |
| Diluted EPS | ¥307.28 |  |
| Book value per share | ¥6299.39 |  |
| Equity ratio | 7.9% |  |
| Shares outstanding | 45,059,000 |  |
| Treasury shares | 282,700 |  |
| Shareholders | 83,406 |  |
| Average salary (parent only) | ¥6.8M | Filing company only |
| Cash ratio | 3.9% | Net cash -¥1.12T · Cash ÷ revenue 75.2% |
| Vs. industry median margin | -7.5 pp | Credit Cards & Consumer Credit |
| ROE | 6.3% | Derived from disclosed figures |
| ROA | 0.4% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 100% of positive segment profit
- FY2026, cash is 4% of total assets

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥160650000000 | ¥192315000000 | +19.7% |
| Operating income | ¥16326000000 | ¥20414000000 | +25.0% |
| Operating margin | 10.2% | 10.6% | +0.5 pp |
| Employees | 6,285 people | 5,532 people | -12.0% |
| Cash and equivalents | ¥112153000000 | ¥144634000000 | +29.0% |

### 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.

| Flow | Revenue share |
| --- | ---: |
| 国内 → 事業再編・廃止 | 88.3% |
| 海外 → 事業再編・廃止 | 11.7% |
| 新設・再編 → 国内 | 88.6% |
| 新設・再編 → 海外 | 11.4% |

Segment revenue source references: 4 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 192,315 | 100.0% | S100YEIM |
| SG&A | 140,346 | 73.0% | S100YEIM |
| Operating income | 20,414 | 10.6% | S100YEIM |
| Ordinary income | 20,258 | 10.5% | S100YEIM |
| Pretax income | 22,258 | 11.6% | S100YEIM |
| Income tax | 8,361 | 4.3% | S100YEIM |
| Net income | 13,896 | 7.2% | S100YEIM |
| Net income attributable to owners | 15,314 | 8.0% | S100YEIM |

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

| Part | JPY |
| --- | ---: |
| Operating expenses | 89 |
| Operating income | 11 |
| (Ref.) Net income | 8 |

### Margin funnel

Operating margin 10.6% → Net margin 8.0%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +0.7%; Core profit growth: -20.7%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -29.52×
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 | 190,978 | 192,315 | 1,337 | +0.7% |
| Operating income | 25,732 | 20,414 | -5,318 | -20.7% |
| Net income attributable to owners | 18,620 | 15,314 | -3,306 | -17.8% |
| Operating cash flow | -45,170 | 23,136 | 68,306 | — |
| Free cash flow | -54,185 | 12,099 | 66,284 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 158,610 | 16,506 | 10.4% | 10,732 | -308,473 | -319,900 | S100LPB0 |
| FY ending Mar 2021 | 160,650 | 16,326 | 10.2% | 11,778 | -141,114 | -150,711 | S100OLD5 |
| FY ending Mar 2022 | 164,070 | 26,743 | 16.3% | 18,316 | -152,023 | -160,186 | S100R98A |
| FY ending Mar 2023 | 173,506 | 31,678 | 18.3% | 21,651 | -214,000 | -223,551 | S100TUC0 |
| FY ending Mar 2024 | 184,782 | 33,126 | 17.9% | 23,770 | -98,024 | -106,693 | S100W2LQ |
| FY ending Mar 2025 | 190,978 | 25,732 | 13.5% | 18,620 | -45,170 | -54,185 | S100YEIM |
| FY ending Mar 2026 | 192,315 | 20,414 | 10.6% | 15,314 | 23,136 | 12,099 | S100YEIM |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥34.8M |
| Operating income per employee (consolidated) | ¥3.7M |
| Net income per employee (consolidated) | ¥2.8M |

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) | 6,145 | 6,065 | 6,097 | 5,518 | 5,532 |
| Average salary (parent company) | ¥6.1M | ¥6.1M | ¥6.2M | ¥6.5M | ¥6.8M |
| Average age (parent company) | 40.0 years | 40.9 years | 40.3 years | 40.3 years | 40.4 years |
| Average tenure (parent company) | 14.7 years | 15.4 years | 15.5 years | 15.4 years | 15.5 years |

Year over year: Employees (consolidated) +0.3% · Revenue (consolidated) +0.7%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Domestic | 170,415 | 88.6% | 22,888 | 13.4% |
| Overseas | 21,897 | 11.4% | -2,421 | -11.1% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Domestic | 88.6% | 100.0% | 11.4 | 13.4% |
| Overseas | 11.4% | — | — | -11.1% |

Loss-making segment (excluded from profit shares): Overseas -2,421 JPY mn

Segment → industry: Overseas → Credit Cards & Consumer Credit / Domestic → Credit Cards & Consumer Credit

## 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 | 23,136 | 12.0% | S100YEIM |
| Capital expenditure | 11,037 | 5.7% | S100YEIM |
| Free cash flow | 12,099 | 6.3% | 算出 |
| Investing cash flow | -12,229 | -6.4% | S100YEIM |
| Financing cash flow | -41,159 | -21.4% | S100YEIM |
| Share buyback | 1 | 0.0% | S100YEIM |
| Change in cash | -29,864 | -15.5% | S100YEIM |
| Cash and equivalents | 144,634 | 75.2% | S100YEIM |

## 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 | 138,578 | 162,238 | 187,491 | 174,499 | 144,634 | S100TUC0, S100W2LQ, S100YEIM |
| Total assets | 3,215,006 | 3,575,732 | 3,777,595 | 3,806,786 | 3,752,420 | S100R98A, S100TUC0, S100W2LQ, S100YEIM |
| Net assets | 192,217 | 210,605 | 238,440 | 255,809 | 302,376 | S100TUC0, S100W2LQ, S100YEIM |
| Share capital | 16,138 | 16,138 | 16,138 | 16,138 | 35,680 | S100R98A, S100TUC0, S100W2LQ, S100YEIM |
| Property, plant and equipment | 23,250 | 22,821 | 23,017 | 22,955 | 23,132 | S100R98A, S100TUC0, S100W2LQ, S100YEIM |
| Intangible assets excluding goodwill | 26,450 | 26,974 | 25,726 | 24,981 | 25,701 | S100R98A, S100TUC0, S100W2LQ, S100YEIM |
| Goodwill | 563 | 340 | 114 | — | — | S100R98A, S100TUC0, S100W2LQ |
| Investment securities | 19,771 | 20,617 | 29,614 | 33,542 | 40,804 | S100R98A, S100TUC0, S100W2LQ, S100YEIM |
| Current assets | 3,126,491 | 3,485,306 | 3,678,758 | 3,701,379 | 3,637,041 | S100R98A, S100TUC0, S100W2LQ, S100YEIM |
| Current liabilities | 1,670,693 | 1,852,135 | 1,930,855 | 1,949,545 | 1,881,402 | S100R98A, S100TUC0, S100W2LQ, S100YEIM |
| Trade payables | 200,092 | 254,341 | 268,581 | 221,268 | 197,380 | S100R98A, S100TUC0, S100W2LQ, S100YEIM |
| Short-term borrowings | 312,515 | 322,984 | 338,064 | 341,508 | 337,990 | S100R98A, S100TUC0, S100W2LQ, S100YEIM |
| Long-term borrowings | 708,064 | 766,936 | 812,574 | 807,835 | 775,409 | S100R98A, S100TUC0, S100W2LQ, S100YEIM |
| Bonds | 230,314 | 226,885 | 213,404 | 164,592 | 146,259 | S100R98A, S100TUC0, S100W2LQ, S100YEIM |
| Interest-bearing debt | 1,250,893 | 1,316,805 | 1,364,042 | 1,313,935 | 1,259,658 | 算出 |
| Total liabilities | 3,022,789 | 3,365,126 | 3,539,155 | 3,550,976 | 3,450,043 | S100R98A, S100TUC0, S100W2LQ, S100YEIM |
| Non-controlling interests | 5,375 | 6,353 | 7,837 | 7,409 | 5,633 | S100R98A, S100TUC0, S100W2LQ, S100YEIM |
| Equity attributable to owners of parent | 177,319 | 192,823 | 210,019 | 221,450 | 267,993 | S100R98A, S100TUC0, S100W2LQ, S100YEIM |
| Retained earnings | 131,649 | 147,062 | 164,068 | 175,396 | 182,759 | S100R98A, S100TUC0, S100W2LQ, S100YEIM |
| Treasury stock | -982 | -911 | -828 | -727 | -648 | S100R98A, S100TUC0, S100W2LQ, S100YEIM |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 4% | S100YEIM |
| Property, plant and equipment | 0% | S100YEIM |
| Intangibles and goodwill | 1% | S100YEIM |
| Investment securities | 1% | S100YEIM |
| Other assets | 94% | S100YEIM |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 5% | S100YEIM |
| Interest-bearing debt | 34% | 算出 |
| Other liabilities | 53% | S100YEIM |
| Equity | 8% | S100YEIM |
| Other liabilities | 0% | S100YEIM |

### 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 | 3,215,006 | 3,575,732 | 3,777,595 | 3,806,786 | 3,752,420 |
| Equity | 192,217 | 210,605 | 238,440 | 255,809 | 302,376 |
| Interest-bearing debt | 1,250,893 | 1,316,805 | 1,364,042 | 1,313,935 | 1,259,658 |
| Cash | 138,578 | 162,238 | 187,491 | 174,499 | 144,634 |

## 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) | 12.0% | S100YEIM |
| Fixed assets ÷ total assets | 0.6% | S100YEIM |
| Goodwill ÷ parent equity | — | —, S100YEIM |

### 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) | 3.9% |
| Cash ÷ revenue | 75.2% |
| Net cash (cash − interest-bearing debt) | -¥1.12T |
| Net debt ÷ operating cash flow | 48.19× |
| Cash conversion (operating CF ÷ operating income) | 113.3% |
| Cash vs. profit gap | 7,822 JPY mn (of net income 51.1%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 5.7% |
| Investing CF relative to operating CF | 52.9% |

## 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 | 11.2% | 0.05× | 0.6% | 18.13× | 10.3% | S100R98A |
| 2023 | 12.5% | 0.05× | 0.6% | 18.35× | 11.7% | S100TUC0 |
| 2024 | 12.9% | 0.05× | 0.6% | 18.25× | 11.8% | S100W2LQ |
| 2025 | 9.7% | 0.05× | 0.5% | 17.58× | 8.6% | S100YEIM |
| 2026 | 8.0% | 0.05× | 0.4% | 15.44× | 6.3% | S100YEIM |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社三菱UFJ銀行 | Major shareholder | 39.4% | 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 | 6.3% | 2026-03-31 |
| 株式会社日本カストディ銀行(信託口) | Major shareholder | 5.3% | 2026-03-31 |
| ジャックス共栄会 | Major shareholder | 3.7% | 2026-03-31 |
| 第一生命保険株式会社(常任代理人 株式会社日本カストディ銀行) | Major shareholder | 3.0% | 2026-03-31 |
| 明治安田生命保険相互会社(常任代理人 株式会社日本カストディ銀行) | Major shareholder | 2.8% | 2026-03-31 |
| ジャックス職員持株会 | Major shareholder | 2.1% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505223(常任代理人 株式会社みずほ銀行決済営業部) | Major shareholder | 1.5% | 2026-03-31 |
| 日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社) | Major shareholder | 1.3% | 2026-03-31 |
| DFA INTL SMALL CAP VALUE PORTFOLIO(常任代理人 シティバンク、エヌ・エイ東京支店) | Major shareholder | 0.9% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第95期(2025/04/01－2026/03/31) | S100YEIM | 2026-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YEIM,, |
| 有価証券報告書－第94期(2024/04/01－2025/03/31) | S100W2LQ | 2025-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W2LQ,, |
| 有価証券報告書－第93期(2023/04/01－2024/03/31) | S100TUC0 | 2024-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TUC0,, |
| 有価証券報告書－第92期(2022/04/01－2023/03/31) | S100R98A | 2023-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R98A,, |
| 有価証券報告書－第91期(令和3年4月1日－令和4年3月31日) | S100OLD5 | 2022-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OLD5,, |
| 有価証券報告書－第90期(令和2年4月1日－令和3年3月31日) | S100LPB0 | 2021-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LPB0,, |

## 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).