# JELLY BEANS GROUP Co.,Ltd.: business model and financials

> Latest period: FY ending Jan 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 訂正有価証券報告書－第36期(2025/02/01－2026/01/31) (S100YSM1)
> Page: https://vizora.meequs.com/en/company/jelly-beans-group
> Retrieved: 2026-09-30T21:38:26.810Z

## Company

Jelly Beans Group, founded in 1974, is a company in Shoes & Bags listed on TSE Growth. It has 55 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | JELLY BEANS GROUP Co.,Ltd. |
| Ticker | 3070 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3070.T) |
| Listing | TSE Growth |
| Head office | 東京都中央区勝どき3丁目13番1号(注)2026年4月23日開催の第36期定時株主総会の決議により、「東京都台東区上野1丁目16番5号」から上記住所に本店を移転しております。 |
| Representative (per filing) | 代表取締役社長 宮﨑 明 |
| Founded | Apr 1974 |
| Share capital | ¥4.35B |
| Employees (consolidated) | 55 |
| Average salary (parent only) | ¥3.5M |
| Fiscal year end | January |
| Website | www.jelly-beans-group.co.jp (https://www.jelly-beans-group.co.jp/) |
| Corporate number | 9010501001644 |
| EDINET | E03004 |
| Industries (Vizora) | Shoes & Bags, Processed Foods |

> Profile source: annual securities report (S100YSM1, filed 2026-07-28). As of filing

## Five-axis industry profile

Primary industry: Shoes & Bags (2026-01-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 27.8 | 9 |
| Efficiency | 38.9 | 9 |

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 98% of Jelly Beans Group's sales come from Lifestyle segment, with Other business making up much of the rest.
- It lost about ¥1 for every ¥100 of sales at the operating level.
- Revenue changed +331.8% from the prior year.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥3.59B |  |
| Operating income | -¥33.8M | Margin -0.9% |
| Net income | -¥242.5M | Margin -6.8% |
| Free cash flow | -¥2.56B |  |
| Largest business | Lifestyle segment | of segment revenue 98.0% |
| Employees (consolidated) | 55 |  |
| EPS | ¥-12.08 |  |
| Book value per share | ¥54.76 |  |
| Equity ratio | 71.4% |  |
| Shares outstanding | 79,444,000 |  |
| Treasury shares | 56,800 |  |
| Shareholders | 41,867 |  |
| Average salary (parent only) | ¥3.5M | Filing company only |
| Cash ratio | 15.4% | Cash ÷ revenue 28.5% |
| Vs. industry median margin | -2.9 pp | Shoes & Bags |
| ROA | -6.7% | Derived from disclosed figures |

## Notable figures

- FY2026, revenue is 2.3× its level five years ago
- FY2026, one segment accounts for 91% of positive segment profit

## What changed in 5 years

| Metric | FY ending Jan 2021 | FY ending Jan 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥2385328000 | ¥3590899000 | +50.5% |
| Operating income | ¥-788176000 | ¥-33767000 | — |
| Operating margin | -33.0% | -0.9% | +32.1 pp |
| Employees | 108 people | 55 people | -49.1% |
| Cash and equivalents | ¥867174000 | ¥1022744000 | +17.9% |

### Change in segment revenue mix

Span: FY ending Jan 2021 → FY ending Jan 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 小売事業 → 事業再編・廃止 | 60.0% |
| 卸売事業 → 事業再編・廃止 | 19.7% |
| EC事業 → 事業再編・廃止 | 20.3% |
| 新設・再編 → ライフスタイル事業 | 98.0% |
| 新設・再編 → その他事業 | 2.0% |

Segment revenue source references: 5 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 3,591 | 100.0% | S100YSM1 |
| Cost of revenue | 2,218 | 61.8% | S100YSM1 |
| Gross profit | 1,373 | 38.2% | S100YSM1 |
| SG&A | 1,407 | 39.2% | S100YSM1 |
| Operating income | -34 | -0.9% | S100YSM1 |
| Ordinary income | -64 | -1.8% | S100YSM1 |
| Pretax income | -94 | -2.6% | S100YSM1 |
| Income tax | 148 | 4.1% | S100YSM1 |
| Net income | -242 | -6.8% | S100YSM1 |
| Net income attributable to owners | -242 | -6.8% | S100YSM1 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 62 |
| SG&A | 39 |
| Operating income | -1 |
| (Ref.) Net income | -7 |

### Margin funnel

Gross margin 38.2% → Operating margin -0.9% → Net margin -6.8%
Derived from reported figures (DERIVED).

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 832 | 3,591 | 2,759 | +331.8% |
| Gross profit | 409 | 1,373 | 963 | +235.3% |
| Operating income | -520 | -34 | 486 | — |
| Net income attributable to owners | -520 | -242 | 277 | — |
| Operating cash flow | -621 | -2,460 | -1,839 | — |
| Free cash flow | -637 | -2,558 | -1,921 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jan 2020 | 4,804 | -267 | -5.6% | -254 | -177 | -218 | S100LCF8 |
| FY ending Jan 2021 | 2,385 | -788 | -33.0% | -787 | -639 | -654 | S100NYGW |
| FY ending Jan 2022 | 1,568 | -795 | -50.7% | -862 | -886 | -911 | S100QNC5 |
| FY ending Jan 2023 | 1,394 | -635 | -45.6% | -698 | -607 | -634 | S100TBIV |
| FY ending Jan 2024 | 920 | -573 | -62.3% | -596 | -611 | -615 | S100VO2X |
| FY ending Jan 2025 | 832 | -520 | -62.5% | -520 | -621 | -637 | S100YSM1 |
| FY ending Jan 2026 | 3,591 | -34 | -0.9% | -242 | -2,460 | -2,558 | S100YSM1 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥65.3M |
| Operating income per employee (consolidated) | -¥613.9K |
| Net income per employee (consolidated) | -¥4.4M |

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

| History | FY ending Jan 2022 | FY ending Jan 2023 | FY ending Jan 2024 | FY ending Jan 2025 | FY ending Jan 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 67 | 47 | 39 | 30 | 55 |
| Average salary (parent company) | ¥3.1M | ¥3.5M | ¥3.9M | ¥4.1M | ¥3.5M |
| Average age (parent company) | 37.3 years | 38.5 years | 38.7 years | 40.8 years | 39.5 years |
| Average tenure (parent company) | 8.7 years | 10.0 years | 11.3 years | 9.9 years | 5.0 years |

Year over year: Employees (consolidated) +83.3% · Revenue (consolidated) +331.8%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Lifestyle segment | 3,520 | 98.0% | 378 | 10.7% |
| Other business | 71 | 2.0% | 39 | 54.6% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Lifestyle segment | 98.0% | 90.7% | -7.4 | 10.7% |
| Other business | 2.0% | 9.3% | 7.4 | 54.6% |

Segment → industry: Lifestyle segment → Shoes & Bags / Lifestyle segment → Processed Foods

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -2,460 | -68.5% | S100YSM1 |
| Capital expenditure | 98 | 2.7% | S100YSM1 |
| Free cash flow | -2,558 | -71.2% | 算出 |
| Investing cash flow | -1,795 | -50.0% | S100YSM1 |
| Financing cash flow | 5,013 | 139.6% | S100YSM1 |
| Change in cash | 758 | 21.1% | S100YSM1 |
| Cash and equivalents | 1,023 | 28.5% | S100YSM1 |

## 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 Jan 2022 | FY ending Jan 2023 | FY ending Jan 2024 | FY ending Jan 2025 | FY ending Jan 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 468 | 303 | 310 | 265 | 1,023 | S100TBIV, S100VO2X, S100YSM1 |
| Total assets | 949 | 647 | 596 | 629 | 6,646 | S100QNC5, S100TBIV, S100VO2X, S100YSM1 |
| Net assets | 322 | 117 | 113 | 206 | 4,931 | S100TBIV, S100VO2X, S100YSM1 |
| Share capital | 1,093 | 1,339 | 1,636 | 1,926 | 4,349 | S100QNC5, S100TBIV, S100VO2X, S100YSM1 |
| Trade receivables | 137 | 97 | 86 | 71 | 1,245 | S100QNC5, S100TBIV, S100VO2X, S100YSM1 |
| Property, plant and equipment | — | 0 | 0 | 0 | 87 | S100TBIV, S100VO2X, S100YSM1 |
| Intangible assets excluding goodwill | 0 | 15 | 0 | 0 | 769 | S100QNC5, S100TBIV, S100VO2X, S100YSM1 |
| Goodwill | — | — | — | — | 763 | S100YSM1 |
| Investment securities | 3 | 4 | 4 | 0 | 73 | S100QNC5, S100TBIV, S100VO2X, S100YSM1 |
| Current assets | 821 | 552 | 567 | 615 | 4,752 | S100QNC5, S100TBIV, S100VO2X, S100YSM1 |
| Current liabilities | 314 | 267 | 254 | 248 | 1,512 | S100QNC5, S100TBIV, S100VO2X, S100YSM1 |
| Trade payables | 47 | 30 | 17 | 33 | 233 | S100QNC5, S100TBIV, S100VO2X, S100YSM1 |
| Short-term borrowings | — | — | — | — | 100 | S100YSM1 |
| Long-term borrowings | 248 | 215 | 181 | 148 | 184 | S100QNC5, S100TBIV, S100VO2X, S100YSM1 |
| Total liabilities | 627 | 531 | 483 | 423 | 1,715 | S100QNC5, S100TBIV, S100VO2X, S100YSM1 |
| Equity attributable to owners of parent | 301 | 86 | 84 | 170 | 4,773 | S100QNC5, S100TBIV, S100VO2X, S100YSM1 |
| Retained earnings | -1,737 | -2,442 | -3,039 | -3,533 | -3,776 | S100QNC5, S100TBIV, S100VO2X, S100YSM1 |
| Treasury stock | -71 | -71 | -71 | -71 | -71 | S100QNC5, S100TBIV, S100VO2X, S100YSM1 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 15% | S100YSM1 |
| Receivables | 19% | S100YSM1 |
| Property, plant and equipment | 1% | S100YSM1 |
| Intangibles and goodwill | 23% | S100YSM1 |
| Investment securities | 1% | S100YSM1 |
| Other assets | 41% | S100YSM1 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 4% | S100YSM1 |
| Other liabilities | 22% | S100YSM1 |
| Equity | 74% | S100YSM1 |
| Other liabilities | 0% | S100YSM1 |

### Balance sheet history

| Metric | FY ending Jan 2022 | FY ending Jan 2023 | FY ending Jan 2024 | FY ending Jan 2025 | FY ending Jan 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 949 | 647 | 596 | 629 | 6,646 |
| Equity | 322 | 117 | 113 | 206 | 4,931 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 468 | 303 | 310 | 265 | 1,023 |

## 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) | 2.4% | S100YSM1 |
| Fixed assets ÷ total assets | 1.3% | S100YSM1 |
| Goodwill ÷ parent equity | 16.0% | S100YSM1 |

### 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) | 15.4% |
| Cash ÷ revenue | 28.5% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | -2,217 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 2.7% |
| 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | — | —× | -90.8% | —× | — | S100QNC5 |
| 2023 | — | —× | -87.4% | —× | — | S100TBIV |
| 2024 | — | —× | -95.9% | —× | — | S100VO2X |
| 2025 | — | —× | -84.9% | —× | — | S100YSM1 |
| 2026 | — | —× | -6.7% | —× | — | S100YSM1 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 須田 忠雄 | Major shareholder | 21.7% | 2026-01-31 |
| 日本証券金融株式会社 | Major shareholder | 5.8% | 2026-01-31 |
| 株式会社ＳＢＩ証券 | Major shareholder | 5.3% | 2026-01-31 |
| 楽天証券株式会社共有口 | Major shareholder | 3.0% | 2026-01-31 |
| 尹 炯植 | Major shareholder | 1.4% | 2026-01-31 |
| 株式会社りんたん | Major shareholder | 1.3% | 2026-01-31 |
| 高村 健司 | Major shareholder | 1.1% | 2026-01-31 |
| 朝倉 未来 | Major shareholder | 0.8% | 2026-01-31 |
| 天笠 悦藏 | Major shareholder | 0.7% | 2026-01-31 |
| ＡＹＡｇｉｒｌ株式会社 | Major shareholder | 0.7% | 2026-01-31 |
| 株式会社Ｐｕｎｉｃａ＆Ｃｏ． | Major shareholder | 0.7% | 2026-01-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 訂正有価証券報告書－第36期(2025/02/01－2026/01/31) | S100YSM1 | 2026-07-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YSM1,, |
| 有価証券報告書－第35期(2024/02/01－2025/01/31) | S100VO2X | 2025-04-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VO2X,, |
| 有価証券報告書－第34期(2023/02/01－2024/01/31) | S100TBIV | 2024-04-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TBIV,, |
| 有価証券報告書－第33期(2022/02/01－2023/01/31) | S100QNC5 | 2023-04-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QNC5,, |
| 有価証券報告書－第32期(令和3年2月1日－令和4年1月31日) | S100NYGW | 2022-04-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100NYGW,, |
| 訂正有価証券報告書－第31期(令和2年2月1日－令和3年1月31日) | S100LCF8 | 2021-05-14 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LCF8,, |

## 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).