# Jibannet Holdings Co., 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18期(2025/04/01－2026/03/31) (S100YM7M)
> Page: https://vizora.meequs.com/en/company/jibannet-holdings
> Retrieved: 2026-09-30T20:32:59.342Z

## Company

Jibannet Holdings, founded in 2008, is a company in Software & SaaS listed on TSE Standard. It has 185 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Jibannet Holdings Co., Ltd. |
| Ticker | 6072 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6072.T) |
| Listing | TSE Standard |
| Head office | 東京都新宿区新宿5丁目2番3号 |
| Representative (per filing) | 代表取締役社長 荒川高広 |
| Founded | Jun 2008 |
| Share capital | ¥491.2M |
| Employees (consolidated) | 185 |
| Average salary (parent only) | ¥7.2M |
| Fiscal year end | March |
| Website | jiban-holdings.jp (https://jiban-holdings.jp/) |
| Corporate number | 9010001143631 |
| EDINET | E27059 |
| Industries (Vizora) | Software & SaaS, Disaster Prevention & Infrastructure Maintenance |

> Profile source: annual securities report (S100YM7M, filed 2026-06-26). As of filing

## Five-axis industry profile

Primary industry: Disaster Prevention & Infrastructure Maintenance (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 87.1 | 35 |
| Profitability | 6.3 | 40 |
| Cash conversion | 88.2 | 38 |
| Efficiency | 96.3 | 40 |

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 92% of Jibannet Holdings's sales come from Ground business, with Bim solution business making up much of the rest.
- Out of every ¥100 of sales, about ¥1 is left as operating profit.
- Revenue changed +70.1% from the prior year, operating profit -67.6%.

## Company structure

- Segment revenue mix: Ground business 91.6%、Bim solution business 8.4%
- Revenue → net income: ¥3193573000 → ¥197013000
- Net income → operating cash flow: ¥197013000 → ¥48938000（difference ¥-148075000）
- Main uses of operating cash flow: CapEx ¥36494000 / dividends — / buybacks ¥13651000
- Change in cash: ¥-253488000
Segment shares use total reported segment revenue, which may include inter-segment sales. The cash bridge is operating cash flow minus net income and combines non-cash items and working-capital effects.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥3.19B |  |
| Operating income | ¥35.5M | Margin 1.1% |
| Net income | ¥197M | Margin 6.2% |
| Free cash flow | ¥12.4M |  |
| Largest business | Ground business | of segment revenue 91.6% |
| Employees (consolidated) | 185 |  |
| EPS | ¥0.73 |  |
| Book value per share | ¥47.12 |  |
| Equity ratio | 69.9% |  |
| Shares outstanding | 23,148,000 |  |
| Treasury shares | 717,506 |  |
| Shareholders | 9,441 |  |
| Average salary (parent only) | ¥7.2M | Filing company only |
| Cash ratio | 27.7% | Cash ÷ revenue 17.8% |
| Vs. industry median margin | -7.6 pp | Disaster Prevention & Infrastructure Maintenance |
| ROE | 15.2% | Derived from disclosed figures |
| ROA | 11.1% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 100% of positive segment profit
- FY2026, parent-company salary changed +31% over five years
- FY2026, cash is 28% of total assets

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥1989794000 | ¥3193573000 | +60.5% |
| Operating income | ¥87888000 | ¥35480000 | -59.6% |
| Operating margin | 4.4% | 1.1% | -3.3 pp |
| Employees | 144 people | 185 people | +28.5% |
| Cash and equivalents | ¥550865000 | ¥568192000 | +3.1% |

### 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.

| Flow | Revenue share |
| --- | ---: |
| 新設・再編 → 地盤事業 | 91.6% |
| 新設・再編 → BIM Solution事業 | 8.4% |

Segment revenue source references: 2 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 3,194 | 100.0% | S100YM7M |
| Cost of revenue | 1,837 | 57.5% | S100YM7M |
| Gross profit | 1,356 | 42.5% | S100YM7M |
| SG&A | 1,321 | 41.4% | S100YM7M |
| Operating income | 35 | 1.1% | S100YM7M |
| Ordinary income | 46 | 1.4% | S100YM7M |
| Pretax income | 208 | 6.5% | S100YM7M |
| Income tax | 11 | 0.3% | S100YM7M |
| Net income | 197 | 6.2% | S100YM7M |
| Net income attributable to owners | 197 | 6.2% | S100YM7M |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 58 |
| SG&A | 41 |
| Operating income | 1 |
| (Ref.) Net income | 6 |

### Margin funnel

Gross margin 42.5% → Operating margin 1.1% → Net margin 6.2%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +70.1%; Core profit growth: -67.6%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -0.96×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 1,878 | 3,194 | 1,316 | +70.1% |
| Gross profit | 920 | 1,356 | 436 | +47.4% |
| Operating income | 109 | 35 | -74 | -67.6% |
| Net income attributable to owners | 74 | 197 | 123 | +165.4% |
| Operating cash flow | 67 | 49 | -18 | -27.3% |
| Free cash flow | 39 | 12 | -26 | -68.0% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 2,398 | 39 | 1.6% | -108 | 89 | 77 | S100LR2W |
| FY ending Mar 2021 | 1,990 | 88 | 4.4% | -34 | -58 | -83 | S100OEFS |
| FY ending Mar 2022 | 2,217 | -30 | -1.3% | -47 | 106 | 77 | S100R2AP |
| FY ending Mar 2023 | 2,308 | 109 | 4.7% | 73 | 147 | 118 | S100TWDC |
| FY ending Mar 2024 | 1,877 | -49 | -2.6% | -95 | -4 | -45 | S100W64J |
| FY ending Mar 2025 | 1,878 | 109 | 5.8% | 74 | 67 | 39 | S100YM7M |
| FY ending Mar 2026 | 3,194 | 35 | 1.1% | 197 | 49 | 12 | S100YM7M |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥17.3M |
| Operating income per employee (consolidated) | ¥191.8K |
| Net income per employee (consolidated) | ¥1.1M |

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) | 170 | 167 | 145 | 146 | 185 |
| Average salary (parent company) | ¥5.4M | ¥6.4M | ¥5.4M | ¥5.3M | ¥7.2M |
| Average age (parent company) | 39.8 years | 44.8 years | 42.1 years | 37.8 years | 40.5 years |
| Average tenure (parent company) | 3.4 years | 4.6 years | 3.3 years | 5.1 years | 5.3 years |

Year over year: Employees (consolidated) +26.7% · Revenue (consolidated) +70.1%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Ground business | 2,924 | 91.6% | 360 | 12.3% |
| Bim solution business | 269 | 8.4% | -4 | -1.5% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Ground business | 91.6% | 100.0% | 8.4 | 12.3% |
| Bim solution business | 8.4% | — | — | -1.5% |

Loss-making segment (excluded from profit shares): Bim solution business -4 JPY mn

Segment → industry: Bim solution business → Software & SaaS / Ground business → Disaster Prevention & Infrastructure Maintenance

## 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 | 49 | 1.5% | S100YM7M |
| Capital expenditure | 36 | 1.1% | S100YM7M |
| Free cash flow | 12 | 0.4% | 算出 |
| Investing cash flow | -412 | -12.9% | S100YM7M |
| Financing cash flow | 114 | 3.6% | S100YM7M |
| Share buyback | 14 | 0.4% | S100YM7M |
| Change in cash | -253 | -7.9% | S100YM7M |
| Cash and equivalents | 568 | 17.8% | S100YM7M |

## 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 | 918 | 1,072 | 964 | 822 | 568 | S100TWDC, S100W64J, S100YM7M |
| Total assets | 1,760 | 1,830 | 1,601 | 1,484 | 2,052 | S100R2AP, S100TWDC, S100W64J, S100YM7M |
| Net assets | 1,240 | 1,322 | 1,256 | 1,193 | 1,435 | S100TWDC, S100W64J, S100YM7M |
| Share capital | 491 | 491 | 491 | 491 | 491 | S100R2AP, S100TWDC, S100W64J, S100YM7M |
| Property, plant and equipment | 24 | 24 | 29 | 18 | 27 | S100R2AP, S100TWDC, S100W64J, S100YM7M |
| Intangible assets excluding goodwill | 44 | 48 | 46 | 39 | 539 | S100R2AP, S100TWDC, S100W64J, S100YM7M |
| Goodwill | 4 | 2 | — | — | 497 | S100R2AP, S100TWDC, S100YM7M |
| Investment securities | 3 | — | — | — | — | S100R2AP |
| Current assets | 1,642 | 1,695 | 1,474 | 1,388 | 1,347 | S100R2AP, S100TWDC, S100W64J, S100YM7M |
| Current liabilities | 335 | 297 | 238 | 289 | 531 | S100R2AP, S100TWDC, S100W64J, S100YM7M |
| Trade payables | 69 | 77 | 57 | 92 | 164 | S100R2AP, S100TWDC, S100W64J, S100YM7M |
| Short-term borrowings | — | 4 | 50 | 46 | 116 | S100TWDC, S100W64J, S100YM7M |
| Long-term borrowings | 160 | 156 | 46 | — | 61 | S100R2AP, S100TWDC, S100W64J, S100YM7M |
| Total liabilities | 520 | 508 | 344 | 291 | 617 | S100R2AP, S100TWDC, S100W64J, S100YM7M |
| Equity attributable to owners of parent | 1,237 | 1,310 | 1,241 | 1,179 | 1,420 | S100R2AP, S100TWDC, S100W64J, S100YM7M |
| Retained earnings | 786 | 860 | 759 | 833 | 1,030 | S100R2AP, S100TWDC, S100W64J, S100YM7M |
| Treasury stock | -66 | -66 | -28 | -165 | -123 | S100R2AP, S100TWDC, S100W64J, S100YM7M |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 28% | S100YM7M |
| Property, plant and equipment | 1% | S100YM7M |
| Intangibles and goodwill | 51% | S100YM7M |
| Other assets | 20% | S100YM7M |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 8% | S100YM7M |
| Other liabilities | 22% | S100YM7M |
| Equity | 70% | S100YM7M |
| Other liabilities | 0% | S100YM7M |

### 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 | 1,760 | 1,830 | 1,601 | 1,484 | 2,052 |
| Equity | 1,240 | 1,322 | 1,256 | 1,193 | 1,435 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 918 | 1,072 | 964 | 822 | 568 |

## 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) | 0.8% | S100YM7M |
| Fixed assets ÷ total assets | 1.3% | S100YM7M |
| Goodwill ÷ parent equity | 35.0% | S100YM7M |

Goodwill over 4 years: 4 → 497 JPY; total investing cash flow: -221 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) | 27.7% |
| Cash ÷ revenue | 17.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 137.9% |
| Cash vs. profit gap | -148 JPY mn (of net income -75.2%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 1.1% |
| Investing CF relative to operating CF | 841.4% |

## 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 | — | —× | -2.6% | —× | — | S100R2AP |
| 2023 | 3.2% | 1.29× | 4.1% | 1.41× | 5.8% | S100TWDC |
| 2024 | — | —× | -5.6% | —× | — | S100W64J |
| 2025 | 4.0% | 1.22× | 4.8% | 1.27× | 6.1% | S100YM7M |
| 2026 | 6.2% | 1.81× | 11.1% | 1.36× | 15.2% | S100YM7M |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社Kaihou | Major shareholder | 9.8% | 2026-03-31 |
| 楽天証券株式会社共有口 | Major shareholder | 7.6% | 2026-03-31 |
| 株式会社SBI証券 | Major shareholder | 5.7% | 2026-03-31 |
| 山本 強 | Major shareholder | 3.0% | 2026-03-31 |
| 株式会社アートフォースジャパン | Major shareholder | 2.1% | 2026-03-31 |
| 株式会社玉里自動車学校 | Major shareholder | 1.6% | 2026-03-31 |
| 三菱UFJeスマート証券株式会社 | Major shareholder | 1.5% | 2026-03-31 |
| 永井 崇久 | Major shareholder | 1.4% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第18期(2025/04/01－2026/03/31) | S100YM7M | 2026-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YM7M,, |
| 有価証券報告書－第17期(2024/04/01－2025/03/31) | S100W64J | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W64J,, |
| 訂正有価証券報告書－第16期(2023/04/01－2024/03/31) | S100TWDC | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TWDC,, |
| 有価証券報告書－第15期(2022/04/01－2023/03/31) | S100R2AP | 2023-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R2AP,, |
| 有価証券報告書－第14期(令和3年4月1日－令和4年3月31日) | S100OEFS | 2022-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OEFS,, |
| 有価証券報告書－第13期(令和2年4月1日－令和3年3月31日) | S100LR2W | 2021-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LR2W,, |

## 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).