# Janis 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92期(2025/04/01－2026/03/31) (S100YJHR)
> Page: https://vizora.meequs.com/en/company/janis
> Retrieved: 2026-09-30T19:42:03.424Z

## Company

Janis, founded in 1935, is a company in Housing Equipment & Building Materials listed on Nagoya. It has 153 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Janis Ltd. |
| Ticker | 5342 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/5342.T) |
| Listing | Nagoya |
| Head office | 愛知県常滑市唐崎町2丁目88番地 |
| Representative (per filing) | 代表取締役社長 冨本和伸 |
| Founded | May 1935 |
| Share capital | ¥1B |
| Employees (consolidated) | 153 |
| Average salary (parent only) | ¥4.5M |
| Fiscal year end | March |
| Website | www.janis-kogyo.co.jp (https://www.janis-kogyo.co.jp/) |
| Corporate number | 9180001093174 |
| EDINET | E01177 |
| Industries (Vizora) | Housing Equipment & Building Materials |

> Profile source: annual securities report (S100YJHR, filed 2026-06-24). As of filing

## Five-axis industry profile

Primary industry: Housing Equipment & Building Materials (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 33 | 56 |
| Profitability | 4.3 | 58 |
| Efficiency | 81.9 | 58 |

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)

- Janis brought in ¥4.98B in revenue.
- It lost about ¥3 for every ¥100 of sales at the operating level.
- Revenue changed +2.8% from the prior year.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥4.98B |  |
| Operating income | -¥152.5M | Margin -3.1% |
| Net income | -¥203.5M | Margin -4.1% |
| Free cash flow | -¥264.8M |  |
| Employees (consolidated) | 153 |  |
| EPS | ¥-55.24 |  |
| Book value per share | ¥243.49 |  |
| Equity ratio | 21.2% |  |
| Shares outstanding | 3,833,543 |  |
| Treasury shares | 33,700 |  |
| Shareholders | 670 |  |
| Average salary (parent only) | ¥4.5M | Filing company only |
| Cash ratio | 9.1% | Cash ÷ revenue 7.8% |
| Vs. industry median margin | -7.5 pp | Housing Equipment & Building Materials |
| ROA | -4.7% | Derived from disclosed figures |

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥4542754000 | ¥4982780000 | +9.7% |
| Operating income | ¥10829000 | ¥-152455000 | -1507.8% |
| Operating margin | 0.2% | -3.1% | -3.3 pp |
| Employees | 188 people | 153 people | -18.6% |
| Cash and equivalents | ¥340087000 | ¥387076000 | +13.8% |

### 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 | 4,983 | 100.0% | S100YJHR |
| Cost of revenue | 4,213 | 84.6% | S100YJHR |
| Gross profit | 770 | 15.4% | S100YJHR |
| SG&A | 922 | 18.5% | S100YJHR |
| Operating income | -152 | -3.1% | S100YJHR |
| Ordinary income | -49 | -1.0% | S100YJHR |
| Pretax income | -196 | -3.9% | S100YJHR |
| Income tax | 7 | 0.1% | S100YJHR |
| Net income | -204 | -4.1% | S100YJHR |
| Net income attributable to owners | -204 | -4.1% | S100YJHR |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 85 |
| SG&A | 18 |
| Operating income | -3 |
| (Ref.) Net income | -4 |

### Margin funnel

Gross margin 15.4% → Operating margin -3.1% → Net margin -4.1%
Derived from reported figures (DERIVED).

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 4,846 | 4,983 | 137 | +2.8% |
| Gross profit | 892 | 770 | -122 | -13.7% |
| Operating income | -111 | -152 | -41 | — |
| Net income attributable to owners | 46 | -204 | -249 | -543.9% |
| Operating cash flow | -64 | -96 | -32 | — |
| Free cash flow | -153 | -265 | -112 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 5,167 | -236 | -4.6% | -223 | -116 | -181 | S100LTP0 |
| FY ending Mar 2021 | 4,543 | 11 | 0.2% | 35 | 70 | -24 | S100OHND |
| FY ending Mar 2022 | 4,861 | 37 | 0.8% | -192 | -68 | -172 | S100R8US |
| FY ending Mar 2023 | 4,676 | -182 | -3.9% | -189 | -60 | -263 | S100TW6T |
| FY ending Mar 2024 | 4,369 | -348 | -8.0% | -1,176 | -44 | -110 | S100W7C4 |
| FY ending Mar 2025 | 4,846 | -111 | -2.3% | 46 | -64 | -153 | S100YJHR |
| FY ending Mar 2026 | 4,983 | -152 | -3.1% | -204 | -96 | -265 | S100YJHR |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥32.6M |
| Operating income per employee (consolidated) | -¥996.4K |
| Net income per employee (consolidated) | -¥1.3M |

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) | 190 | 184 | 175 | 168 | 153 |
| Average salary (parent company) | ¥4.3M | ¥4.2M | ¥4.2M | ¥4.4M | ¥4.5M |
| Average age (parent company) | 40.8 years | 41.0 years | 41.7 years | 41.6 years | 41.7 years |
| Average tenure (parent company) | 16.6 years | 16.7 years | 17.0 years | 17.1 years | 17.3 years |

Year over year: Employees (consolidated) -8.9% · Revenue (consolidated) +2.8%

## 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 | -96 | -1.9% | S100YJHR |
| Capital expenditure | 169 | 3.4% | S100YJHR |
| Free cash flow | -265 | -5.3% | 算出 |
| Investing cash flow | -163 | -3.3% | S100YJHR |
| Financing cash flow | 162 | 3.3% | S100YJHR |
| Dividends paid | 0 | 0.0% | S100YJHR |
| Change in cash | -96 | -1.9% | S100YJHR |
| Cash and equivalents | 387 | 7.8% | S100YJHR |

## 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 | 310 | 275 | 388 | 483 | 387 | S100TW6T, S100W7C4, S100YJHR |
| Total assets | 5,210 | 5,114 | 4,124 | 4,370 | 4,243 | S100R8US, S100TW6T, S100W7C4, S100YJHR |
| Net assets | 2,231 | 2,060 | 975 | 1,014 | 913 | S100TW6T, S100W7C4, S100YJHR |
| Share capital | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | S100R8US, S100TW6T, S100W7C4, S100YJHR |
| Trade receivables | 720 | 595 | 612 | 613 | 631 | S100R8US, S100TW6T, S100W7C4, S100YJHR |
| Property, plant and equipment | 2,096 | 2,108 | 1,058 | 1,037 | 1,011 | S100R8US, S100TW6T, S100W7C4, S100YJHR |
| Intangible assets excluding goodwill | 8 | 6 | — | — | — | S100R8US, S100TW6T |
| Investment securities | 227 | 258 | 362 | 405 | 566 | S100R8US, S100TW6T, S100W7C4, S100YJHR |
| Current assets | 2,654 | 2,532 | 2,475 | 2,729 | 2,428 | S100R8US, S100TW6T, S100W7C4, S100YJHR |
| Current liabilities | 1,948 | 1,852 | 1,985 | 2,027 | 2,002 | S100R8US, S100TW6T, S100W7C4, S100YJHR |
| Trade payables | 495 | 388 | 298 | 327 | 307 | S100R8US, S100TW6T, S100W7C4, S100YJHR |
| Short-term borrowings | 750 | 800 | 900 | 1,050 | 1,150 | S100R8US, S100TW6T, S100W7C4, S100YJHR |
| Long-term borrowings | 155 | 279 | 284 | 468 | 502 | S100R8US, S100TW6T, S100W7C4, S100YJHR |
| Total liabilities | 2,979 | 3,054 | 3,149 | 3,356 | 3,330 | S100R8US, S100TW6T, S100W7C4, S100YJHR |
| Equity attributable to owners of parent | 1,341 | 1,155 | 387 | 433 | 230 | S100R8US, S100TW6T, S100W7C4, S100YJHR |
| Retained earnings | 269 | 80 | -690 | -644 | -848 | S100R8US, S100TW6T, S100W7C4, S100YJHR |
| Treasury stock | -112 | -107 | -104 | -104 | -104 | S100R8US, S100TW6T, S100W7C4, S100YJHR |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 9% | S100YJHR |
| Receivables | 15% | S100YJHR |
| Property, plant and equipment | 24% | S100YJHR |
| Investment securities | 13% | S100YJHR |
| Other assets | 39% | S100YJHR |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 7% | S100YJHR |
| Other liabilities | 71% | S100YJHR |
| Equity | 22% | S100YJHR |

### 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 | 5,210 | 5,114 | 4,124 | 4,370 | 4,243 |
| Equity | 2,231 | 2,060 | 975 | 1,014 | 913 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 310 | 275 | 388 | 483 | 387 |

## 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) | 20.3% | S100YJHR |
| Fixed assets ÷ total assets | 23.8% | S100YJHR |
| Goodwill ÷ parent equity | — | —, S100YJHR |

### 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) | 9.1% |
| Cash ÷ revenue | 7.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | 108 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 3.4% |
| 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | — | —× | -3.7% | —× | — | S100R8US |
| 2023 | — | —× | -3.7% | —× | — | S100TW6T |
| 2024 | — | —× | -25.5% | —× | — | S100W7C4 |
| 2025 | 0.9% | 1.14× | 1.1% | 10.35× | 11.2% | S100YJHR |
| 2026 | — | —× | -4.7% | —× | — | S100YJHR |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| タカラスタンダード株式会社 | Major shareholder | 16.4% | 2026-03-31 |
| ジャニス工業取引先持株会 | Major shareholder | 13.5% | 2026-03-31 |
| 株式会社ニッソウ | Major shareholder | 9.6% | 2026-03-31 |
| 株式会社三菱ＵＦＪ銀行 | Major shareholder | 4.8% | 2026-03-31 |
| 株式会社ＬＩＸＩＬ | Major shareholder | 4.7% | 2026-03-31 |
| 株式会社三井住友銀行 | Major shareholder | 3.1% | 2026-03-31 |
| 三井住友信託銀行株式会社 | Major shareholder | 2.6% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託Ｅ口） | Major shareholder | 2.6% | 2026-03-31 |
| ジャニス工業取引先持株会 | Major shareholder | 2.1% | 2026-03-31 |
| 伊 奈 浩 一 | Major shareholder | 2.1% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第92期(2025/04/01－2026/03/31) | S100YJHR | 2026-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YJHR,, |
| 有価証券報告書－第91期(2024/04/01－2025/03/31) | S100W7C4 | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W7C4,, |
| 有価証券報告書－第90期(2023/04/01－2024/03/31) | S100TW6T | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TW6T,, |
| 有価証券報告書－第89期(2022/04/01－2023/03/31) | S100R8US | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R8US,, |
| 有価証券報告書－第88期(令和3年4月1日－令和4年3月31日) | S100OHND | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OHND,, |
| 有価証券報告書－第87期(令和2年4月1日－令和3年3月31日) | S100LTP0 | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LTP0,, |

## 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).