# JAPAN CRAFT HOLDINGS CO., LTD.: business model and financials

> Latest period: FY ending Jun 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第5期(2025/07/01－2026/06/30) (S100Z3BG)
> Page: https://vizora.meequs.com/en/company/japan-craft-holdings
> Retrieved: 2026-09-30T21:13:45.252Z

## Company

Japan Craft Holdings, founded in 2022, is a company in Publishing & Bookstores listed on TSE Standard. It has 223 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | JAPAN CRAFT HOLDINGS CO., LTD. |
| Ticker | 7135 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7135.T) |
| Listing | TSE Standard |
| Head office | 名古屋市名東区高社一丁目210番地 |
| Representative (per filing) | 代表取締役社長 堀 孝子 |
| Founded | Jan 2022 |
| Share capital | ¥100M |
| Employees (consolidated) | 223 |
| Fiscal year end | June |
| Website | www.jcraft-hd.co.jp (https://www.jcraft-hd.co.jp/) |
| Corporate number | 4180001149377 |
| EDINET | E36969 |
| Industries (Vizora) | Publishing & Bookstores, Furniture, Interior & Lifestyle Goods |

> Profile source: annual securities report (S100Z3BG, filed 2026-09-25). As of filing

## Five-axis industry profile

Primary industry: Furniture, Interior & Lifestyle Goods (2026-06-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 10.7 | 14 |
| Profitability | 8.3 | 18 |
| Cash conversion | 8.8 | 17 |
| Efficiency | 52.8 | 18 |

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)

- About 78% of Japan Craft Holdings's sales come from Retail Business, with Publishing Education Business making up much of the rest.
- Out of every ¥100 of sales, about ¥1 is left as operating profit.
- Revenue changed -0.0% from the prior year, operating profit +61.5%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥14B |  |
| Operating income | ¥106.1M | Margin 0.8% |
| Net income | ¥432M | Margin 3.1% |
| Free cash flow | -¥313.5M |  |
| Largest business | Retail Business | of segment revenue 78.2% |
| Employees (consolidated) | 223 |  |
| EPS | ¥0.15 |  |
| Diluted EPS | ¥0.14 |  |
| Book value per share | ¥104.85 |  |
| Equity ratio | 35.7% |  |
| Shares outstanding | 37,341,680 |  |
| Treasury shares | 21,000 |  |
| Shareholders | 30,685 |  |
| Cash ratio | 17.1% | Cash ÷ revenue 13.4% |
| Vs. industry median margin | -3.6 pp | Furniture, Interior & Lifestyle Goods |
| ROE | 11.4% | Derived from disclosed figures |
| ROA | 3.8% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 81% of positive segment profit
- FY2026, employees -10% while operating income rose 62%

## What changed in 4 years

| Metric | FY ending Jun 2022 | FY ending Jun 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥15712234000 | ¥14041061000 | -10.6% |
| Operating income | ¥-2174929000 | ¥106069000 | — |
| Operating margin | -13.8% | 0.8% | +14.6 pp |
| Employees | 298 people | 223 people | -25.2% |
| Cash and equivalents | ¥1330095000 | ¥1887762000 | +41.9% |

### Change in segment revenue mix

Span: FY ending Jun 2022 → FY ending Jun 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 新設・再編 → 小売事業 | 78.2% |
| 新設・再編 → 出版・教育事業 | 21.8% |

Segment revenue source references: 2 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 14,041 | 100.0% | S100Z3BG |
| Cost of revenue | 6,119 | 43.6% | S100Z3BG |
| Gross profit | 7,922 | 56.4% | S100Z3BG |
| SG&A | 7,816 | 55.7% | S100Z3BG |
| Operating income | 106 | 0.8% | S100Z3BG |
| Ordinary income | -12 | -0.1% | S100Z3BG |
| Pretax income | 337 | 2.4% | S100Z3BG |
| Income tax | -95 | -0.7% | S100Z3BG |
| Net income | 432 | 3.1% | S100Z3BG |
| Net income attributable to owners | 432 | 3.1% | S100Z3BG |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 43 |
| SG&A | 56 |
| Operating income | 1 |
| (Ref.) Net income | 3 |

### Margin funnel

Gross margin 56.4% → Operating margin 0.8% → Net margin 3.1%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue down, profit up
Revenue growth: -0.0%; Core profit growth: +61.5%
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 14,046 | 14,041 | -5 | -0.0% |
| Gross profit | 8,067 | 7,922 | -145 | -1.8% |
| Operating income | 66 | 106 | 40 | +61.5% |
| Net income attributable to owners | -258 | 432 | 690 | — |
| Operating cash flow | -502 | -235 | 267 | — |
| Free cash flow | -682 | -313 | 369 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jun 2022 | 15,712 | -2,175 | -13.8% | -2,693 | -2,334 | -2,713 | S100RWKV |
| FY ending Jun 2023 | 16,994 | -2,086 | -12.3% | -3,283 | -883 | -1,191 | S100UEZX |
| FY ending Jun 2024 | 15,394 | -1,593 | -10.3% | -2,092 | -1,534 | -1,734 | S100WQJ2 |
| FY ending Jun 2025 | 14,046 | 66 | 0.5% | -258 | -502 | -682 | S100Z3BG |
| FY ending Jun 2026 | 14,041 | 106 | 0.8% | 432 | -235 | -313 | S100Z3BG |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥63M |
| Operating income per employee (consolidated) | ¥475.6K |
| Net income per employee (consolidated) | ¥1.9M |

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

| History | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 298 | 377 | 277 | 247 | 223 |
| Average salary (parent company) | — | — | — | — | — |
| Average age (parent company) | — | — | — | — | — |
| Average tenure (parent company) | — | — | — | — | — |

Year over year: Employees (consolidated) -9.7% · Revenue (consolidated) -0.0%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Retail Business | 10,985 | 78.2% | 350 | 3.2% |
| Publishing Education Business | 3,056 | 21.8% | 83 | 2.7% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Retail Business | 78.2% | 80.8% | 2.6 | 3.2% |
| Publishing Education Business | 21.8% | 19.2% | -2.6 | 2.7% |

Segment → industry: Publishing Education Business → Publishing & Bookstores / Retail Business → Furniture, Interior & Lifestyle Goods

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Jun 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -235 | -1.7% | S100Z3BG |
| Capital expenditure | 78 | 0.6% | S100Z3BG |
| Free cash flow | -313 | -2.2% | 算出 |
| Investing cash flow | -191 | -1.4% | S100Z3BG |
| Financing cash flow | 34 | 0.2% | S100Z3BG |
| Dividends paid | 112 | 0.8% | S100Z3BG |
| Share buyback | 0 | 0.0% | S100Z3BG |
| Change in cash | -392 | -2.8% | S100Z3BG |
| Cash and equivalents | 1,888 | 13.4% | S100Z3BG |

## 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 Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 1,330 | 2,057 | 1,883 | 2,280 | 1,888 | S100UEZX, S100WQJ2, S100Z3BG |
| Total assets | 10,193 | 12,712 | 11,290 | 11,555 | 11,026 | S100RWKV, S100UEZX, S100WQJ2, S100Z3BG |
| Net assets | 6,230 | 5,027 | 2,967 | 3,694 | 3,957 | S100UEZX, S100WQJ2, S100Z3BG |
| Share capital | 100 | 100 | 100 | 100 | 100 | S100RWKV, S100UEZX, S100WQJ2, S100Z3BG |
| Property, plant and equipment | 964 | 3,276 | 2,998 | 2,988 | 2,946 | S100RWKV, S100UEZX, S100WQJ2, S100Z3BG |
| Intangible assets excluding goodwill | 475 | 18 | 26 | 42 | 47 | S100RWKV, S100UEZX, S100WQJ2, S100Z3BG |
| Investment securities | 87 | 124 | 170 | 170 | 25 | S100RWKV, S100UEZX, S100WQJ2, S100Z3BG |
| Current assets | 7,528 | 8,157 | 7,312 | 7,625 | 7,228 | S100RWKV, S100UEZX, S100WQJ2, S100Z3BG |
| Current liabilities | 3,153 | 5,013 | 6,121 | 5,640 | 5,172 | S100RWKV, S100UEZX, S100WQJ2, S100Z3BG |
| Trade payables | 623 | 696 | 584 | 462 | — | S100RWKV, S100UEZX, S100WQJ2 |
| Short-term borrowings | — | 430 | 2,230 | 2,480 | 2,700 | S100UEZX, S100WQJ2, S100Z3BG |
| Long-term borrowings | — | 941 | 565 | 580 | 508 | S100UEZX, S100WQJ2, S100Z3BG |
| Bonds | — | 120 | 80 | 40 | — | S100UEZX, S100WQJ2, S100Z3BG |
| Interest-bearing debt | — | 1,491 | 2,875 | 3,100 | — | 算出 |
| Total liabilities | 3,963 | 7,685 | 8,323 | 7,861 | 7,069 | S100RWKV, S100UEZX, S100WQJ2, S100Z3BG |
| Equity attributable to owners of parent | 6,211 | 5,000 | 2,908 | 3,615 | 3,935 | S100RWKV, S100UEZX, S100WQJ2, S100Z3BG |
| Retained earnings | 2,280 | -1,004 | 1,483 | 3,167 | 3,648 | S100RWKV, S100UEZX, S100WQJ2, S100Z3BG |
| Treasury stock | -1 | -8 | -8 | -8 | -8 | S100RWKV, S100UEZX, S100WQJ2, S100Z3BG |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 17% | S100Z3BG |
| Property, plant and equipment | 27% | S100Z3BG |
| Intangibles and goodwill | 0% | S100Z3BG |
| Investment securities | 0% | S100Z3BG |
| Other assets | 56% | S100Z3BG |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 64% | S100Z3BG |
| Equity | 36% | S100Z3BG |

### Balance sheet history

| Metric | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 10,193 | 12,712 | 11,290 | 11,555 | 11,026 |
| Equity | 6,230 | 5,027 | 2,967 | 3,694 | 3,957 |
| Interest-bearing debt | — | 1,491 | 2,875 | 3,100 | — |
| Cash | 1,330 | 2,057 | 1,883 | 2,280 | 1,888 |

## 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) | 21.0% | S100Z3BG |
| Fixed assets ÷ total assets | 26.7% | S100Z3BG |
| Goodwill ÷ parent equity | — | —, S100Z3BG |

### 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) | 17.1% |
| Cash ÷ revenue | 13.4% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | -221.6% |
| Cash vs. profit gap | -667 JPY mn (of net income -154.4%) |
| Shareholder returns / net income | 25.9% |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 25.9% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 0.6% |
| 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 | — | —× | -26.4% | —× | — | S100RWKV |
| 2023 | — | —× | -28.7% | —× | — | S100UEZX |
| 2024 | — | —× | -17.4% | —× | — | S100WQJ2 |
| 2025 | — | —× | -2.3% | —× | — | S100Z3BG |
| 2026 | 3.1% | 1.24× | 3.8% | 2.99× | 11.4% | S100Z3BG |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 合同会社ルビィ | Major shareholder | 33.4% | 2026-06-30 |
| ＧＯＴＯ 株式会社 | Major shareholder | 9.0% | 2026-06-30 |
| 後 藤 薫 徳 | Major shareholder | 8.5% | 2026-06-30 |
| 瀨 戸 信 昭 | Major shareholder | 3.3% | 2026-06-30 |
| ジャパンクラフトホールディングス取引先持株会 | Major shareholder | 2.8% | 2026-06-30 |
| ジャパンクラフトホールディングス従業員持株会 | Major shareholder | 1.9% | 2026-06-30 |
| 冠 達 実 | Major shareholder | 1.7% | 2026-06-30 |
| 瀨 戸 高 信 | Major shareholder | 1.6% | 2026-06-30 |
| 徳 永 信 | Major shareholder | 1.3% | 2026-06-30 |
| 瀨 戸 み ど り | Major shareholder | 1.2% | 2026-06-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第5期(2025/07/01－2026/06/30) | S100Z3BG | 2026-09-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z3BG,, |
| 有価証券報告書－第4期(2024/07/01－2025/06/30) | S100WQJ2 | 2025-09-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WQJ2,, |
| 有価証券報告書－第3期(2023/07/01－2024/06/30) | S100UEZX | 2024-09-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UEZX,, |
| 有価証券報告書－第2期(2022/07/01－2023/06/30) | S100RWKV | 2023-09-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RWKV,, |
| 有価証券報告書－第1期(令和3年7月1日－令和4年6月30日) | S100P7KG | 2022-09-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100P7KG,, |

## 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).