# JINJIB Co.,Ltd.: business model and financials

> Latest period: FY ending Mar 2026, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第12期(2025/04/01－2026/03/31) (S100YHUZ)
> Page: https://vizora.meequs.com/en/company/jinjib
> Retrieved: 2026-09-30T21:12:47.125Z

## Company

Jinjib, founded in 1998, is a company in HR & Staffing listed on TSE Growth. It has 176 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | JINJIB Co.,Ltd. |
| Ticker | 142A |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/142A.T) |
| Listing | TSE Growth |
| Head office | 大阪府大阪市中央区南本町二丁目6番12号 |
| Representative (per filing) | 代表取締役社長 佐々木 満秀 |
| Founded | Sep 1998 |
| Share capital | ¥304.1M |
| Employees (consolidated) | 176 |
| Average salary (parent only) | ¥4.1M |
| Fiscal year end | March |
| Website | jinjib.co.jp (https://jinjib.co.jp/) |
| Corporate number | 8010401117310 |
| EDINET | E39367 |
| Industries (Vizora) | HR & Staffing |

> Profile source: annual securities report (S100YHUZ, filed 2026-06-23). As of filing

## Five-axis industry profile

Primary industry: HR & Staffing (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 74.3 | 68 |
| Profitability | 38.1 | 88 |
| Cash conversion | 93.1 | 80 |
| Efficiency | 42.6 | 88 |

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)

- Jinjib brought in ¥2.69B in revenue.
- Out of every ¥100 of sales, about ¥6 is left as operating profit.
- Revenue changed +12.0% from the prior year, operating profit +165.4%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥2687952000 → ¥182361000
- Net income → operating cash flow: ¥182361000 → ¥301693000（difference ¥119332000）
- Main uses of operating cash flow: CapEx ¥88857000 / dividends — / buybacks —
- Change in cash: ¥90330000
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 | ¥2.69B |  |
| Operating income | ¥166M | Margin 6.2% |
| Net income | ¥182.4M | Margin 6.8% |
| Free cash flow | ¥212.8M |  |
| Employees (consolidated) | 176 |  |
| EPS | ¥62.81 |  |
| Book value per share | ¥198.7 |  |
| Equity ratio | 24.9% |  |
| Shares outstanding | 2,905,200 |  |
| Shareholders | 980 |  |
| Average salary (parent only) | ¥4.1M | Filing company only |
| Cash ratio | 73.1% | Cash ÷ revenue 62.7% |
| Vs. industry median margin | -2.4 pp | HR & Staffing |
| ROE | 37.8% | Derived from disclosed figures |
| ROA | 8.3% | Derived from disclosed figures |

## Notable figures

- FY2026, employees -5% while operating income rose 165%
- FY2026, cash is 73% of total assets

## What changed in 3 years

| Metric | FY ending Mar 2023 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥1517574000 | ¥2687952000 | +77.1% |
| Operating income | ¥73773000 | ¥166010000 | +125.0% |
| Operating margin | 4.9% | 6.2% | +1.3 pp |
| Employees | 127 people | 176 people | +38.6% |
| Cash and equivalents | ¥1145932000 | ¥1684224000 | +47.0% |

### Change in segment revenue mix

Span: FY ending Mar 2023 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 2,688 | 100.0% | S100YHUZ |
| Cost of revenue | 369 | 13.7% | S100YHUZ |
| Gross profit | 2,319 | 86.3% | S100YHUZ |
| SG&A | 2,153 | 80.1% | S100YHUZ |
| Operating income | 166 | 6.2% | S100YHUZ |
| Ordinary income | 166 | 6.2% | S100YHUZ |
| Pretax income | 147 | 5.5% | S100YHUZ |
| Income tax | -35 | -1.3% | S100YHUZ |
| Net income | 182 | 6.8% | S100YHUZ |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 14 |
| SG&A | 80 |
| Operating income | 6 |
| (Ref.) Net income | 7 |

### Margin funnel

Gross margin 86.3% → Operating margin 6.2% → Net margin 6.8%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +12.0%; Core profit growth: +165.4%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 13.80×
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 | 2,400 | 2,688 | 288 | +12.0% |
| Gross profit | 2,047 | 2,319 | 272 | +13.3% |
| Operating income | 63 | 166 | 103 | +165.4% |
| Operating cash flow | -128 | 302 | 430 | — |
| Free cash flow | -147 | 213 | 359 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2023 | 1,518 | 74 | 4.9% | 41 | 310 | 305 | S100TXRM |
| FY ending Mar 2024 | 2,083 | 272 | 13.1% | 142 | 499 | 424 | S100W7ZL |
| FY ending Mar 2025 | 2,400 | 63 | 2.6% | -184 | -128 | -147 | S100YHUZ |
| FY ending Mar 2026 | 2,688 | 166 | 6.2% | 182 | 302 | 213 | S100YHUZ |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥15.3M |
| Operating income per employee (consolidated) | ¥943.2K |
| Net income per employee (consolidated) | ¥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 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 127 | 161 | 186 | 176 |
| Average salary (parent company) | — | ¥3.3M | ¥3.3M | ¥4.1M |
| Average age (parent company) | — | 29.8 years | 30.2 years | 30.0 years |
| Average tenure (parent company) | — | 2.0 years | 3.0 years | 3.0 years |

Year over year: Employees (consolidated) -5.4% · Revenue (consolidated) +12.0%

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 302 | 11.2% | S100YHUZ |
| Capital expenditure | 89 | 3.3% | S100YHUZ |
| Free cash flow | 213 | 7.9% | 算出 |
| Investing cash flow | -121 | -4.5% | S100YHUZ |
| Financing cash flow | -90 | -3.3% | S100YHUZ |
| Change in cash | 90 | 3.4% | S100YHUZ |
| Cash and equivalents | 1,684 | 62.7% | S100YHUZ |

## 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 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 1,146 | 1,555 | 1,594 | 1,684 | S100W7ZL, S100YHUZ |
| Total assets | 1,635 | 2,179 | 2,091 | 2,303 | S100TXRM, S100W7ZL, S100YHUZ |
| Net assets | 22 | 486 | 390 | 577 | S100W7ZL, S100YHUZ |
| Share capital | 98 | 259 | 303 | 304 | S100TXRM, S100W7ZL, S100YHUZ |
| Property, plant and equipment | 17 | 92 | 83 | 176 | S100TXRM, S100W7ZL, S100YHUZ |
| Intangible assets excluding goodwill | 41 | 47 | 38 | 29 | S100TXRM, S100W7ZL, S100YHUZ |
| Goodwill | 16 | 12 | 7 | 3 | S100TXRM, S100W7ZL, S100YHUZ |
| Investment securities | 0 | 0 | 0 | 28 | S100TXRM, S100W7ZL, S100YHUZ |
| Current assets | 1,230 | 1,730 | 1,844 | 1,899 | S100TXRM, S100W7ZL, S100YHUZ |
| Current liabilities | 1,274 | 1,387 | 1,340 | 1,426 | S100TXRM, S100W7ZL, S100YHUZ |
| Short-term borrowings | 200 | — | 102 | 100 | S100TXRM, S100YHUZ |
| Long-term borrowings | 327 | 273 | 327 | 238 | S100TXRM, S100W7ZL, S100YHUZ |
| Total liabilities | 1,612 | 1,693 | 1,701 | 1,726 | S100TXRM, S100W7ZL, S100YHUZ |
| Equity attributable to owners of parent | 22 | 486 | 390 | 574 | S100TXRM, S100W7ZL, S100YHUZ |
| Retained earnings | -204 | -62 | -247 | -64 | S100TXRM, S100W7ZL, S100YHUZ |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 73% | S100YHUZ |
| Property, plant and equipment | 8% | S100YHUZ |
| Intangibles and goodwill | 1% | S100YHUZ |
| Investment securities | 1% | S100YHUZ |
| Other assets | 17% | S100YHUZ |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 75% | S100YHUZ |
| Equity | 25% | S100YHUZ |

### Balance sheet history

| Metric | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: |
| Total assets | 1,635 | 2,179 | 2,091 | 2,303 |
| Equity | 22 | 486 | 390 | 577 |
| Interest-bearing debt | — | — | — | — |
| Cash | 1,146 | 1,555 | 1,594 | 1,684 |

## 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) | 6.5% | S100YHUZ |
| Fixed assets ÷ total assets | 7.6% | S100YHUZ |
| Goodwill ÷ parent equity | 0.5% | S100YHUZ |

### 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) | 73.1% |
| Cash ÷ revenue | 62.7% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 181.7% |
| Cash vs. profit gap | 119 JPY mn (of net income 65.4%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 3.3% |
| Investing CF relative to operating CF | 40.2% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2023 | 2.7% | 0.93× | 2.5% | 73.35× | 186.2% | S100TXRM |
| 2024 | 6.8% | 1.09× | 7.4% | 7.50× | 55.8% | S100W7ZL |
| 2025 | — | —× | -8.6% | —× | — | S100YHUZ |
| 2026 | 6.8% | 1.22× | 8.3% | 4.56× | 37.8% | S100YHUZ |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 佐々木 満秀 | Major shareholder | 45.8% | 2026-03-31 |
| 株式会社人と未来 | Major shareholder | 11.3% | 2026-03-31 |
| 株式会社ＳＢＩ証券 | Major shareholder | 9.6% | 2026-03-31 |
| 森 亮太 | Major shareholder | 3.8% | 2026-03-31 |
| 海老根 智仁 | Major shareholder | 2.1% | 2026-03-31 |
| 楽天証券株式会社共有口 | Major shareholder | 2.1% | 2026-03-31 |
| 小西 裕也 | Major shareholder | 1.1% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 1.0% | 2026-03-31 |
| ＭＳＳＧ Ａ／Ｃ ＣＬＩＥＮＴＳ常任代理人シティバンク、エヌ・エイ東京支店 | Major shareholder | 0.9% | 2026-03-31 |
| 池田 良介 | Major shareholder | 0.7% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第12期(2025/04/01－2026/03/31) | S100YHUZ | 2026-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YHUZ,, |
| 有価証券報告書－第11期(2024/04/01－2025/03/31) | S100W7ZL | 2025-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W7ZL,, |
| 有価証券報告書－第10期(2023/04/01－2024/03/31) | S100TXRM | 2024-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TXRM,, |

## 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).