# Japan Data Science Consortium 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8期(2025/07/01－2026/06/30) (S100Z461)
> Page: https://vizora.meequs.com/en/company/japan-data-science-consortium
> Retrieved: 2026-09-30T19:01:54.222Z

## Company

Japan Data Science Consortium, founded in 2018, is a company in IT Services & System Integration listed on TSE Growth. It has 263 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Japan Data Science Consortium Co. Ltd. |
| Ticker | 4418 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/4418.T) |
| Listing | TSE Growth |
| Head office | 東京都文京区小石川一丁目4番1号 住友不動産後楽園ビル16階 |
| Representative (per filing) | 代表取締役CEO 加藤 聡志 |
| Founded | Jul 2018 |
| Share capital | ¥10.7M |
| Employees (consolidated) | 263 |
| Average salary (parent only) | ¥10.1M |
| Fiscal year end | June |
| Website | jdsc.ai (https://jdsc.ai/) |
| Corporate number | 6010001193638 |
| EDINET | E37175 |
| Industries (Vizora) | IT Services & System Integration, M&A Advisory, Advertising |

> Profile source: annual securities report (S100Z461, filed 2026-09-25). As of filing

## Five-axis industry profile

Primary industry: Advertising (2026-06-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 27.3 | 86 |
| Cash conversion | 11.3 | 75 |
| Efficiency | 95.9 | 86 |

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 79% of Japan Data Science Consortium's sales come from marketing business, with AI Solution and Financial Advisory making up much of the rest.
- Out of every ¥100 of sales, about ¥3 is left as operating profit.
- Revenue changed -1.0% from the prior year, operating profit +10.2%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥22.8B |  |
| Operating income | ¥640.9M | Margin 2.8% |
| Net income | ¥809.5M | Margin 3.5% |
| Free cash flow | -¥120.6M |  |
| Largest business | marketing business | of segment revenue 78.5% |
| Employees (consolidated) | 263 |  |
| EPS | ¥47.14 |  |
| Diluted EPS | ¥46.38 |  |
| Book value per share | ¥415.48 |  |
| Equity ratio | 62.1% |  |
| Shares outstanding | 16,181,100 |  |
| Treasury shares | 388,590 |  |
| Shareholders | 5,788 |  |
| Average salary (parent only) | ¥10.1M | Filing company only |
| Cash ratio | 48.2% | Cash ÷ revenue 22.5% |
| Vs. industry median margin | -2.8 pp | Advertising |
| ROE | 15.6% | Derived from disclosed figures |
| ROA | 8.7% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 84% of positive segment profit
- FY2026, segment profit share differs by 64 points
- FY2026, cash is 48% of total assets

## What changed in 5 years

Currency or consolidation scope differs; percentage changes are omitted.

| Metric | FY ending Jun 2021 | FY ending Jun 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥1089424000 | ¥22833889000 | — |
| Operating income | ¥38935000 | ¥640909000 | — |
| Operating margin | 3.6% | 2.8% | -0.8 pp |
| Employees | 52 people | 263 people | — |
| Cash and equivalents | ¥3015655000 | ¥5127904000 | — |

### Change in segment revenue mix

Span: FY ending Jun 2021 → 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 → AIソリューション事業 | 19.7% |
| 新設・再編 → フィナンシャル・アドバイザリー事業 | 1.7% |
| 新設・再編 → マーケティング支援事業 | 78.5% |

Segment revenue source references: 3 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| marketing business | 2 years | +11.6% | ¥17930446000 | -0.0% | 2 |
| AI Solution | 3 years | +34.2% | ¥4508714000 | 12.1% | 2 |
| Financial Advisory | 3 years | +75.8% | ¥394728000 | 26.2% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 22,834 | 100.0% | S100Z461 |
| Cost of revenue | 19,916 | 87.2% | S100Z461 |
| Gross profit | 2,918 | 12.8% | S100Z461 |
| SG&A | 2,277 | 10.0% | S100Z461 |
| Operating income | 641 | 2.8% | S100Z461 |
| Ordinary income | 854 | 3.7% | S100Z461 |
| Pretax income | 951 | 4.2% | S100Z461 |
| Income tax | 101 | 0.4% | S100Z461 |
| Net income | 849 | 3.7% | S100Z461 |
| Net income attributable to owners | 809 | 3.5% | S100Z461 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 87 |
| SG&A | 10 |
| Operating income | 3 |
| (Ref.) Net income | 4 |

### Margin funnel

Gross margin 12.8% → Operating margin 2.8% → Net margin 3.5%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue down, profit up
Revenue growth: -1.0%; Core profit growth: +10.2%
Operating leverage (core profit growth ÷ revenue growth): -10.61×
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 | 23,056 | 22,834 | -222 | -1.0% |
| Gross profit | 2,339 | 2,918 | 579 | +24.7% |
| Operating income | 582 | 641 | 59 | +10.2% |
| Net income attributable to owners | 346 | 809 | 464 | +134.2% |
| Operating cash flow | 893 | -53 | -946 | -105.9% |
| Free cash flow | 883 | -121 | -1,004 | -113.7% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jun 2021 | 1,089 | 39 | 3.6% | 28 | 150 | 135 | S100P9MA |
| FY ending Jun 2022 | 1,413 | -55 | -3.9% | -83 | -147 | -162 | S100P9MA |
| FY ending Jun 2023 | 1,940 | 69 | 3.5% | 1 | 342 | 308 | S100UFQ4 |
| FY ending Jun 2024 | 16,458 | 51 | 0.3% | -278 | -714 | -731 | S100WQTJ |
| FY ending Jun 2025 | 23,056 | 582 | 2.5% | 346 | 893 | 883 | S100Z461 |
| FY ending Jun 2026 | 22,834 | 641 | 2.8% | 809 | -53 | -121 | S100Z461 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥86.8M |
| Operating income per employee (consolidated) | ¥2.4M |
| Net income per employee (consolidated) | ¥3.1M |

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) | 74 | 63 | 124 | 163 | 263 |
| Average salary (parent company) | ¥8.5M | ¥8.7M | ¥8.4M | ¥9.6M | ¥10.1M |
| Average age (parent company) | 35.0 years | 34.0 years | 36.7 years | 36.3 years | 37.6 years |
| Average tenure (parent company) | 1.5 years | 1.6 years | 1.2 years | 1.6 years | 1.4 years |

Year over year: Employees (consolidated) +61.3% · Revenue (consolidated) -1.0%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| AI Solution | 4,509 | 19.7% | 544 | 12.1% |
| Financial Advisory | 395 | 1.7% | 103 | 26.2% |
| marketing business | 17,930 | 78.5% | -8 | -0.0% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| AI Solution | 19.7% | 84.0% | 64.3 | 12.1% |
| Financial Advisory | 1.7% | 16.0% | 14.2 | 26.2% |
| marketing business | 78.5% | — | — | -0.0% |

Loss-making segment (excluded from profit shares): marketing business -8 JPY mn

Segment → industry: AI Solution → IT Services & System Integration / Financial Advisory → M&A Advisory / marketing business → Advertising

## 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 | -53 | -0.2% | S100Z461 |
| Capital expenditure | 68 | 0.3% | S100Z461 |
| Free cash flow | -121 | -0.5% | 算出 |
| Investing cash flow | 475 | 2.1% | S100Z461 |
| Financing cash flow | 1,928 | 8.4% | S100Z461 |
| Share buyback | 0 | 0.0% | S100Z461 |
| Change in cash | 2,351 | 10.3% | S100Z461 |
| Cash and equivalents | 5,128 | 22.5% | S100Z461 |

## 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 | 3,354 | 3,146 | 2,298 | 2,777 | 5,128 | S100P9MA, S100WQTJ, S100Z461 |
| Total assets | 3,729 | 4,221 | 7,605 | 7,987 | 10,638 | S100P9MA, S100UFQ4, S100WQTJ, S100Z461 |
| Net assets | 3,588 | 3,620 | 3,361 | 3,901 | 6,758 | S100P9MA, S100WQTJ, S100Z461 |
| Share capital | 100 | 116 | 13 | 13 | 11 | S100P9MA, S100UFQ4, S100WQTJ, S100Z461 |
| Property, plant and equipment | 46 | 63 | 72 | 66 | 118 | S100P9MA, S100UFQ4, S100WQTJ, S100Z461 |
| Intangible assets excluding goodwill | 1 | 165 | 1,858 | 1,763 | 1,668 | S100P9MA, S100UFQ4, S100WQTJ, S100Z461 |
| Goodwill | — | 164 | 645 | 611 | 578 | S100UFQ4, S100WQTJ, S100Z461 |
| Investment securities | 43 | 411 | 397 | 435 | 190 | S100P9MA, S100UFQ4, S100WQTJ, S100Z461 |
| Current assets | 3,545 | 3,440 | 5,181 | 5,536 | 8,246 | S100P9MA, S100UFQ4, S100WQTJ, S100Z461 |
| Current liabilities | 141 | 569 | 2,422 | 2,510 | 2,565 | S100P9MA, S100UFQ4, S100WQTJ, S100Z461 |
| Long-term borrowings | — | 12 | 1,392 | 1,138 | 883 | S100UFQ4, S100WQTJ, S100Z461 |
| Total liabilities | 142 | 601 | 4,244 | 4,087 | 3,880 | S100P9MA, S100UFQ4, S100WQTJ, S100Z461 |
| Non-controlling interests | — | 59 | 70 | 115 | 155 | S100UFQ4, S100WQTJ, S100Z461 |
| Equity attributable to owners of parent | 3,587 | 3,560 | 3,290 | 3,784 | 6,602 | S100P9MA, S100UFQ4, S100WQTJ, S100Z461 |
| Retained earnings | -150 | -149 | -427 | -81 | 728 | S100P9MA, S100UFQ4, S100WQTJ, S100Z461 |
| Treasury stock | — | -60 | -60 | -275 | -276 | S100UFQ4, S100WQTJ, S100Z461 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 48% | S100Z461 |
| Property, plant and equipment | 1% | S100Z461 |
| Intangibles and goodwill | 21% | S100Z461 |
| Investment securities | 2% | S100Z461 |
| Other assets | 28% | S100Z461 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 36% | S100Z461 |
| Equity | 64% | S100Z461 |

### 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 | 3,729 | 4,221 | 7,605 | 7,987 | 10,638 |
| Equity | 3,588 | 3,620 | 3,361 | 3,901 | 6,758 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 3,354 | 3,146 | 2,298 | 2,777 | 5,128 |

## 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) | 0.5% | S100Z461 |
| Fixed assets ÷ total assets | 1.1% | S100Z461 |
| Goodwill ÷ parent equity | 8.8% | S100Z461 |

### 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) | 48.2% |
| Cash ÷ revenue | 22.5% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | -8.2% |
| Cash vs. profit gap | -862 JPY mn (of net income -106.5%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 0.3% |
| 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 | — | —× | -2.2% | —× | — | S100P9MA |
| 2023 | 0.1% | 0.46× | 0.0% | 1.19× | 0.0% | S100UFQ4 |
| 2024 | — | —× | -4.7% | —× | — | S100WQTJ |
| 2025 | 1.5% | 2.96× | 4.4% | 2.20× | 9.8% | S100Z461 |
| 2026 | 3.5% | 2.45× | 8.7% | 1.79× | 15.6% | S100Z461 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 加藤 聡志 | Major shareholder | 24.9% | 2026-06-30 |
| 特定金外信託受託者 株式会社SMBC信託銀行 | Major shareholder | 11.1% | 2026-06-30 |
| ソフトバンク株式会社 | Major shareholder | 10.1% | 2026-06-30 |
| AZ-COM丸和ホールディングス株式会社 | Major shareholder | 3.7% | 2026-06-30 |
| SCSK株式会社 | Major shareholder | 2.6% | 2026-06-30 |
| 淵 高晴 | Major shareholder | 2.5% | 2026-06-30 |
| 橋本 圭輔 | Major shareholder | 1.8% | 2026-06-30 |
| MSCO CUSTOMER SECURITIES （常任代理人 モルガン・スタンレーMUFG証券株式会社） | Major shareholder | 1.7% | 2026-06-30 |
| 中部電力株式会社 | Major shareholder | 1.5% | 2026-06-30 |
| ダイキン工業株式会社 | Major shareholder | 1.5% | 2026-06-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第8期(2025/07/01－2026/06/30) | S100Z461 | 2026-09-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z461,, |
| 有価証券報告書－第7期(2024/07/01－2025/06/30) | S100WQTJ | 2025-09-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WQTJ,, |
| 有価証券報告書－第6期(2023/07/01－2024/06/30) | S100UFQ4 | 2024-09-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UFQ4,, |
| 有価証券報告書－第5期(2022/07/01－2023/06/30) | S100RX7J | 2023-09-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RX7J,, |
| 有価証券報告書－第4期(令和3年7月1日－令和4年6月30日) | S100P9MA | 2022-09-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100P9MA,, |

## Key alliances (from the filing's material contracts)

| Partner | Type | Description | Source |
| --- | ---: | ---: | ---: |
| AZ-COM丸和ホールディングス | Capital alliance | 中長期DX戦略パートナーシップを前提とする資本業務提携（第三者割当による新株発行） | S100Z461 |
| ソフトバンク | Capital alliance | 顧客向けAIエージェント開発領域での戦略的協業を目的とする資本業務提携（第三者割当による新株発行） | S100Z461 |

## 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).