# Japan PC Service Co., Ltd.: business model and financials

> Latest period: FY ending Aug 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 訂正有価証券報告書－第24期(2024/09/01－2025/08/31) (S100XDM9)
> Page: https://vizora.meequs.com/en/company/japan-pc-service
> Retrieved: 2026-09-30T20:28:49.201Z

## Company

Japan PC Service, founded in 2001, is a company in Home & Lifestyle Services listed on Nagoya. It has 380 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Japan PC Service Co.,Ltd. |
| Ticker | 6025 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6025.T) |
| Listing | Nagoya |
| Head office | 大阪府吹田市広芝町9番33号 |
| Representative (per filing) | 代表取締役社長 家喜 信行 |
| Founded | Sep 2001 |
| Share capital | ¥360.1M |
| Employees (consolidated) | 380 |
| Average salary (parent only) | ¥4.4M |
| Fiscal year end | August |
| Website | www.j-pcs.jp (https://www.j-pcs.jp/) |
| Corporate number | 9120901014607 |
| EDINET | E30999 |
| Industries (Vizora) | Home & Lifestyle Services |

> Profile source: annual securities report (S100XDM9, filed 2025-12-26). As of filing

## Five-axis industry profile

Primary industry: Home & Lifestyle Services (2025-08-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 83.3 | 9 |
| Profitability | 25 | 10 |
| Cash conversion | 5 | 10 |
| Efficiency | 95 | 10 |

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)

- Japan PC Service brought in ¥6.83B in revenue.
- Out of every ¥100 of sales, about ¥1 is left as operating profit.
- Revenue changed +9.0% from the prior year, operating profit -14.7%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥6.83B |  |
| Operating income | ¥99.2M | Margin 1.5% |
| Net income | ¥22.2M | Margin 0.3% |
| Free cash flow | -¥73.7M |  |
| Employees (consolidated) | 380 |  |
| EPS | ¥50.76 |  |
| Book value per share | ¥265.44 |  |
| Equity ratio | 12.0% |  |
| Shares outstanding | 1,739,800 |  |
| Treasury shares | 200 |  |
| Shareholders | 450 |  |
| Average salary (parent only) | ¥4.4M | Filing company only |
| Cash ratio | 28.8% | Net cash -¥142.9M · Cash ÷ revenue 9.7% |
| Vs. industry median margin | -2.9 pp | Home & Lifestyle Services |
| ROE | 8.4% | Derived from disclosed figures |
| ROA | 1.0% | Derived from disclosed figures |

## Notable figures

- FY2025, cash is 29% of total assets

## What changed in 5 years

| Metric | FY ending Aug 2020 | FY ending Aug 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥5406045000 | ¥6828036000 | +26.3% |
| Operating income | ¥120738000 | ¥99162000 | -17.9% |
| Operating margin | 2.2% | 1.5% | -0.8 pp |
| Employees | 355 people | 380 people | +7.0% |
| Cash and equivalents | ¥761747000 | ¥661417000 | -13.2% |

### Change in segment revenue mix

Span: FY ending Aug 2020 → FY ending Aug 2025. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

## Income statement（FY ending Aug 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 6,828 | 100.0% | S100XDM9 |
| Cost of revenue | 4,370 | 64.0% | S100XDM9 |
| Gross profit | 2,458 | 36.0% | S100XDM9 |
| SG&A | 2,359 | 34.5% | S100XDM9 |
| Operating income | 99 | 1.5% | S100XDM9 |
| Ordinary income | 125 | 1.8% | S100XDM9 |
| Pretax income | 91 | 1.3% | S100XDM9 |
| Income tax | 69 | 1.0% | S100XDM9 |
| Net income | 22 | 0.3% | S100XDM9 |
| Net income attributable to owners | 22 | 0.3% | S100XDM9 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 64 |
| SG&A | 35 |
| Operating income | 1 |
| (Ref.) Net income | 0 |

### Margin funnel

Gross margin 36.0% → Operating margin 1.5% → Net margin 0.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +9.0%; Core profit growth: -14.7%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -1.63×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 6,265 | 6,828 | 563 | +9.0% |
| Gross profit | 2,417 | 2,458 | 41 | +1.7% |
| Operating income | 116 | 99 | -17 | -14.7% |
| Net income attributable to owners | 107 | 22 | -84 | -79.1% |
| Operating cash flow | 179 | -23 | -202 | -112.9% |
| Free cash flow | 165 | -74 | -238 | -144.7% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Aug 2019 | 3,928 | 62 | 1.6% | 41 | 88 | 63 | S100K9G2 |
| FY ending Aug 2020 | 5,406 | 121 | 2.2% | 29 | 295 | 265 | S100MYB6 |
| FY ending Aug 2021 | 6,215 | 103 | 1.7% | 54 | 133 | 66 | S100PPJ7 |
| FY ending Aug 2022 | 6,255 | -226 | -3.6% | -246 | -461 | -501 | S100SDSF |
| FY ending Aug 2023 | 6,449 | 26 | 0.4% | -40 | 420 | 400 | S100UVBV |
| FY ending Aug 2024 | 6,265 | 116 | 1.9% | 107 | 179 | 165 | S100XDM9 |
| FY ending Aug 2025 | 6,828 | 99 | 1.5% | 22 | -23 | -74 | S100XDM9 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥18M |
| Operating income per employee (consolidated) | ¥261K |
| Net income per employee (consolidated) | ¥58.5K |

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

| History | FY ending Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 391 | 370 | 346 | 365 | 380 |
| Average salary (parent company) | ¥4M | ¥4M | ¥4.2M | ¥4.3M | ¥4.4M |
| Average age (parent company) | 34.5 years | 35.1 years | 35.8 years | 36.5 years | 38.2 years |
| Average tenure (parent company) | 4.1 years | 4.7 years | 5.2 years | 5.2 years | 5.5 years |

Year over year: Employees (consolidated) +4.1% · Revenue (consolidated) +9.0%

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Aug 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -23 | -0.3% | S100XDM9 |
| Capital expenditure | 51 | 0.7% | S100XDM9 |
| Free cash flow | -74 | -1.1% | 算出 |
| Investing cash flow | -90 | -1.3% | S100XDM9 |
| Financing cash flow | 107 | 1.6% | S100XDM9 |
| Change in cash | -5 | -0.1% | S100XDM9 |
| Cash and equivalents | 661 | 9.7% | S100XDM9 |

## 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 Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 628 | 496 | 665 | 667 | 661 | S100SDSF, S100UVBV, S100XDM9 |
| Total assets | 2,223 | 2,281 | 1,997 | 2,100 | 2,300 | S100PPJ7, S100SDSF, S100UVBV, S100XDM9 |
| Net assets | 529 | 195 | 145 | 265 | 276 | S100SDSF, S100UVBV, S100XDM9 |
| Share capital | 360 | 360 | 360 | 360 | 360 | S100PPJ7, S100SDSF, S100UVBV, S100XDM9 |
| Property, plant and equipment | 73 | 58 | 59 | 47 | 77 | S100PPJ7, S100SDSF, S100UVBV, S100XDM9 |
| Intangible assets excluding goodwill | 478 | 385 | 254 | 155 | 128 | S100PPJ7, S100SDSF, S100UVBV, S100XDM9 |
| Goodwill | 366 | 282 | 199 | 129 | 101 | S100PPJ7, S100SDSF, S100UVBV, S100XDM9 |
| Investment securities | 75 | 39 | 26 | 38 | 21 | S100PPJ7, S100SDSF, S100UVBV, S100XDM9 |
| Current assets | 1,436 | 1,600 | 1,484 | 1,670 | 1,834 | S100PPJ7, S100SDSF, S100UVBV, S100XDM9 |
| Current liabilities | 1,024 | 1,420 | 1,387 | 1,459 | 1,393 | S100PPJ7, S100SDSF, S100UVBV, S100XDM9 |
| Short-term borrowings | 100 | 400 | 400 | 350 | 190 | S100PPJ7, S100SDSF, S100UVBV, S100XDM9 |
| Long-term borrowings | 628 | 563 | 397 | 314 | 594 | S100PPJ7, S100SDSF, S100UVBV, S100XDM9 |
| Bonds | 40 | 100 | 60 | 40 | 20 | S100PPJ7, S100SDSF, S100UVBV, S100XDM9 |
| Interest-bearing debt | 768 | 1,063 | 857 | 704 | 804 | 算出 |
| Total liabilities | 1,694 | 2,085 | 1,851 | 1,835 | 2,024 | S100PPJ7, S100SDSF, S100UVBV, S100XDM9 |
| Non-controlling interests | 7 | — | — | — | — | S100PPJ7 |
| Equity attributable to owners of parent | 494 | 187 | 147 | 253 | 275 | S100PPJ7, S100SDSF, S100UVBV, S100XDM9 |
| Retained earnings | -149 | -329 | -370 | -263 | -241 | S100PPJ7, S100SDSF, S100UVBV, S100XDM9 |
| Treasury stock | -0 | -0 | -0 | -0 | -0 | S100PPJ7, S100SDSF, S100UVBV, S100XDM9 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 29% | S100XDM9 |
| Property, plant and equipment | 3% | S100XDM9 |
| Intangibles and goodwill | 10% | S100XDM9 |
| Investment securities | 1% | S100XDM9 |
| Other assets | 57% | S100XDM9 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Interest-bearing debt | 35% | 算出 |
| Other liabilities | 53% | S100XDM9 |
| Equity | 12% | S100XDM9 |

### Balance sheet history

| Metric | FY ending Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 2,223 | 2,281 | 1,997 | 2,100 | 2,300 |
| Equity | 529 | 195 | 145 | 265 | 276 |
| Interest-bearing debt | 768 | 1,063 | 857 | 704 | 804 |
| Cash | 628 | 496 | 665 | 667 | 661 |

## 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) | 1.1% | S100XDM9 |
| Fixed assets ÷ total assets | 3.3% | S100XDM9 |
| Goodwill ÷ parent equity | 36.6% | S100XDM9 |

Goodwill over 4 years: 366 → 101 JPY; total investing cash flow: -258 JPY. This does not imply causation.

### 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) | 28.8% |
| Cash ÷ revenue | 9.7% |
| Net cash (cash − interest-bearing debt) | -¥142.9M |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | -23.3% |
| Cash vs. profit gap | -45 JPY mn (of net income -203.9%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 0.7% |
| 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2021 | 0.9% | 2.80× | 2.4% | 4.50× | 11.0% | S100PPJ7 |
| 2022 | — | —× | -10.9% | —× | — | S100SDSF |
| 2023 | — | —× | -1.9% | —× | — | S100UVBV |
| 2024 | 1.7% | 3.06× | 5.2% | 10.25× | 53.3% | S100XDM9 |
| 2025 | 0.3% | 3.10× | 1.0% | 8.33× | 8.4% | S100XDM9 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 家喜 信行 | Major shareholder | 37.6% | 2025-08-31 |
| 榊原 暢宏 | Major shareholder | 22.1% | 2025-08-31 |
| ＪＩＡ＆ＩＥバリュー・イノベーション有限責任事業組合 | Major shareholder | 4.7% | 2025-08-31 |
| ギグワークス株式会社 | Major shareholder | 3.1% | 2025-08-31 |
| イノベーション・エンジン株式会社 | Major shareholder | 2.8% | 2025-08-31 |
| ＮＯＭＵＲＡ ＰＢ ＮＯＭＩＮＥＥＳ ＬＩＭＩＴＥＤ ＯＭＮＩＢＵＳ－ＭＡＲＧＩＮ （常任代理人 野村證券株式会社） | Major shareholder | 2.7% | 2025-08-31 |
| 守屋 博隆 | Major shareholder | 2.4% | 2025-08-31 |
| 日本ＰＣサービス従業員持株会 | Major shareholder | 2.2% | 2025-08-31 |
| ＮＵＷＯＲＫＳ株式会社 | Major shareholder | 1.1% | 2025-08-31 |
| 古瀬 博 | Major shareholder | 1.1% | 2025-08-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 訂正有価証券報告書－第24期(2024/09/01－2025/08/31) | S100XDM9 | 2025-12-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XDM9,, |
| 有価証券報告書－第23期(2023/09/01－2024/08/31) | S100UVBV | 2024-11-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UVBV,, |
| 有価証券報告書－第22期(2022/09/01－2023/08/31) | S100SDSF | 2023-11-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100SDSF,, |
| 有価証券報告書－第21期(令和3年9月1日－令和4年8月31日) | S100PPJ7 | 2022-11-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PPJ7,, |
| 有価証券報告書－第20期(令和2年9月1日－令和3年8月31日) | S100MYB6 | 2021-11-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MYB6,, |
| 有価証券報告書－第19期(令和1年9月1日－令和2年8月31日) | S100K9G2 | 2020-11-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100K9G2,, |

## 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).