# Koyou Rentia Co.,Ltd.: business model and financials

> Latest period: FY ending Dec 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第56期(2025/01/01－2025/12/31) (S100XTYD)
> Page: https://vizora.meequs.com/en/company/koyou-rentia
> Retrieved: 2026-09-30T18:30:16.916Z

## Company

Koyou Rentia, founded in 1957, is a company in IT Services & System Integration listed on TSE Standard. It has 893 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Koyou Rentia Co., Ltd. |
| Ticker | 7081 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7081.T) |
| Listing | TSE Standard |
| Head office | 東京都港区新橋六丁目17番15号 |
| Representative (per filing) | 代表取締役社長 梅木 孝治 |
| Founded | Apr 1957 |
| Share capital | ¥992.5M |
| Employees (consolidated) | 893 |
| Average salary (parent only) | ¥6M |
| Fiscal year end | December |
| Website | www.koyou.co.jp (https://www.koyou.co.jp/) |
| Corporate number | 3010401025419 |
| EDINET | E35139 |
| Industries (Vizora) | IT Services & System Integration, Leasing, General Contractors, Specialty Trading & Wholesale |

> Profile source: annual securities report (S100XTYD, filed 2026-03-25). As of filing

## Key points (generated from figures)

- About 60% of Koyou Rentia's sales come from Rental-related business, with Space-design business and ICT segment making up much of the rest.
- Out of every ¥100 of sales, about ¥9 is left as operating profit.
- Revenue changed +8.9% from the prior year, operating profit +44.4%.

## Company structure

- Segment revenue mix: Rental-related business 59.6%、Space-design business 17.3%、ICT segment 13.8%、Product sales business 9.2%
- Revenue → net income: ¥34701560000 → ¥1937406000
- Net income → operating cash flow: ¥1937406000 → ¥5049302000（difference ¥3111896000）
- Main uses of operating cash flow: CapEx ¥2005699000 / dividends ¥440190000 / buybacks —
- Change in cash: ¥1371029000
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 | ¥34.7B |  |
| Operating income | ¥3.01B | Margin 8.7% |
| Net income | ¥1.94B | Margin 5.6% |
| Free cash flow | ¥3.04B |  |
| Largest business | Rental-related business | of segment revenue 59.6% |
| Employees (consolidated) | 893 |  |
| EPS | ¥146.76 |  |
| Diluted EPS | ¥143.44 |  |
| Book value per share | ¥888.38 |  |
| Equity ratio | 61.2% |  |
| Shares outstanding | 11,122,600 |  |
| Treasury shares | 600 |  |
| Shareholders | 1,805 |  |
| Average salary (parent only) | ¥6M | Filing company only |
| Cash ratio | 17.3% | Cash ÷ revenue 10.3% |
| Vs. industry median margin | +1.6 pp | Leasing |
| ROE | 16.5% | Derived from disclosed figures |
| ROA | 10.0% | Derived from disclosed figures |

## Notable figures

- FY2025, operating cash flow is 2.6× net income
- FY2025, one segment accounts for 76% of positive segment profit

## What changed in 5 years

| Metric | FY ending Dec 2020 | FY ending Dec 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥21556364000 | ¥34701560000 | +61.0% |
| Operating income | ¥1382888000 | ¥3005594000 | +117.3% |
| Operating margin | 6.4% | 8.7% | +2.2 pp |
| Employees | 662 people | 893 people | +34.9% |
| Cash and equivalents | ¥2113551000 | ¥3558035000 | +68.3% |

### Change in segment revenue mix

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

| Flow | Revenue share |
| --- | ---: |
| レンタル関連事業 → レンタル関連事業 | 59.6% |
| レンタル関連事業 → 事業再編・廃止 | 8.9% |
| スペースデザイン事業 → スペースデザイン事業 | 17.3% |
| スペースデザイン事業 → 事業再編・廃止 | 1.6% |
| 物販事業 → 物販事業 | 9.2% |
| 物販事業 → 事業再編・廃止 | 3.2% |
| 新設・再編 → ＩＣＴ事業 | 13.8% |

Segment revenue source references: 7 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Rental-related business | 5 years | +7.0% | ¥20694369000 | 10.9% | 2 |
| Space-design business | 5 years | +8.1% | ¥6020482000 | 4.1% | 2 |
| ICT segment | 3 years | +16.3% | ¥4777849000 | 6.6% | 2 |
| Product sales business | 5 years | +3.6% | ¥3208858000 | 5.4% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 34,702 | 100.0% | S100XTYD |
| Cost of revenue | 20,388 | 58.8% | S100XTYD |
| Gross profit | 14,313 | 41.2% | S100XTYD |
| SG&A | 11,308 | 32.6% | S100XTYD |
| Operating income | 3,006 | 8.7% | S100XTYD |
| Ordinary income | 3,000 | 8.6% | S100XTYD |
| Pretax income | 2,990 | 8.6% | S100XTYD |
| Income tax | 1,052 | 3.0% | S100XTYD |
| Net income | 1,937 | 5.6% | S100XTYD |
| Net income attributable to owners | 1,937 | 5.6% | S100XTYD |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 59 |
| SG&A | 32 |
| Operating income | 9 |
| (Ref.) Net income | 6 |

### Margin funnel

Gross margin 41.2% → Operating margin 8.7% → Net margin 5.6%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +8.9%; Core profit growth: +44.4%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 4.98×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 31,861 | 34,702 | 2,840 | +8.9% |
| Gross profit | 12,623 | 14,313 | 1,690 | +13.4% |
| Operating income | 2,082 | 3,006 | 924 | +44.4% |
| Net income attributable to owners | 1,549 | 1,937 | 388 | +25.0% |
| Operating cash flow | 2,345 | 5,049 | 2,704 | +115.3% |
| Free cash flow | 221 | 3,044 | 2,822 | +1274.7% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Dec 2019 | 22,463 | 1,476 | 6.6% | 1,019 | 2,137 | 979 | S100L3FA |
| FY ending Dec 2020 | 21,556 | 1,383 | 6.4% | 875 | 1,711 | 384 | S100NT1A |
| FY ending Dec 2021 | 23,995 | 2,522 | 10.5% | 1,533 | 3,257 | 1,871 | S100QIS7 |
| FY ending Dec 2022 | 26,188 | 2,431 | 9.3% | 1,249 | 3,045 | 1,109 | S100T6MQ |
| FY ending Dec 2023 | 30,961 | 2,443 | 7.9% | 1,605 | 3,878 | 1,565 | S100VHSJ |
| FY ending Dec 2024 | 31,861 | 2,082 | 6.5% | 1,549 | 2,345 | 221 | S100XTYD |
| FY ending Dec 2025 | 34,702 | 3,006 | 8.7% | 1,937 | 5,049 | 3,044 | S100XTYD |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥38.9M |
| Operating income per employee (consolidated) | ¥3.4M |
| Net income per employee (consolidated) | ¥2.2M |

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

| History | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 670 | 840 | 860 | 893 | 893 |
| Average salary (parent company) | ¥5.3M | ¥5.6M | ¥5.6M | ¥5.9M | ¥6M |
| Average age (parent company) | 39.7 years | 40.3 years | 40.7 years | 40.7 years | 41.5 years |
| Average tenure (parent company) | 13.8 years | 14.2 years | 14.1 years | 13.8 years | 14.5 years |

Year over year: Employees (consolidated) 0.0% · Revenue (consolidated) +8.9%

## Segments（FY ending Dec 2025, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Rental-related business | 20,694 | 59.6% | 2,264 | 10.9% |
| Space-design business | 6,020 | 17.3% | 245 | 4.1% |
| Product sales business | 3,209 | 9.2% | 172 | 5.4% |
| ICT segment | 4,778 | 13.8% | 315 | 6.6% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Rental-related business | 59.6% | 75.6% | 15.9 | 10.9% |
| Space-design business | 17.3% | 8.2% | -9.2 | 4.1% |
| Product sales business | 9.2% | 5.7% | -3.5 | 5.4% |
| ICT segment | 13.8% | 10.5% | -3.2 | 6.6% |

Segment → industry: ICT segment → IT Services & System Integration / ICT segment → Leasing / Rental-related business → Leasing / Space-design business → General Contractors / Product sales business → Specialty Trading & Wholesale

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 5,049 | 14.6% | S100XTYD |
| Capital expenditure | 2,006 | 5.8% | S100XTYD |
| Free cash flow | 3,044 | 8.8% | 算出 |
| Investing cash flow | -2,107 | -6.1% | S100XTYD |
| Financing cash flow | -1,571 | -4.5% | S100XTYD |
| Dividends paid | 440 | 1.3% | S100XTYD |
| Change in cash | 1,371 | 4.0% | S100XTYD |
| Cash and equivalents | 3,558 | 10.3% | S100XTYD |

## 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 Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 2,111 | 2,379 | 2,931 | 2,104 | 3,558 | S100T6MQ, S100VHSJ, S100XTYD |
| Total assets | 15,346 | 17,202 | 19,264 | 18,306 | 20,534 | S100QIS7, S100T6MQ, S100VHSJ, S100XTYD |
| Net assets | 7,220 | 8,245 | 9,776 | 11,064 | 12,627 | S100T6MQ, S100VHSJ, S100XTYD |
| Share capital | 879 | 879 | 910 | 964 | 993 | S100QIS7, S100T6MQ, S100VHSJ, S100XTYD |
| Trade receivables | 2,943 | 3,373 | 4,182 | 3,838 | 4,171 | S100QIS7, S100T6MQ, S100VHSJ, S100XTYD |
| Property, plant and equipment | 6,768 | 7,247 | 7,741 | 7,746 | 7,717 | S100QIS7, S100T6MQ, S100VHSJ, S100XTYD |
| Intangible assets excluding goodwill | 108 | 985 | 949 | 887 | 767 | S100QIS7, S100T6MQ, S100VHSJ, S100XTYD |
| Goodwill | — | 318 | 274 | 230 | 187 | S100T6MQ, S100VHSJ, S100XTYD |
| Investment securities | 667 | 487 | 270 | 264 | 215 | S100QIS7, S100T6MQ, S100VHSJ, S100XTYD |
| Current assets | 6,883 | 7,533 | 9,257 | 8,242 | 10,455 | S100QIS7, S100T6MQ, S100VHSJ, S100XTYD |
| Current liabilities | 7,220 | 7,507 | 8,711 | 6,566 | 7,086 | S100QIS7, S100T6MQ, S100VHSJ, S100XTYD |
| Trade payables | 1,977 | 2,180 | 2,585 | 2,176 | — | S100QIS7, S100T6MQ, S100VHSJ |
| Short-term borrowings | 1,700 | 1,200 | 900 | 1,000 | — | S100QIS7, S100T6MQ, S100VHSJ, S100XTYD |
| Long-term borrowings | — | 622 | 88 | — | — | S100T6MQ, S100VHSJ |
| Total liabilities | 8,126 | 8,957 | 9,487 | 7,242 | 7,906 | S100QIS7, S100T6MQ, S100VHSJ, S100XTYD |
| Equity attributable to owners of parent | 7,191 | 8,176 | 9,600 | 10,955 | 12,516 | S100QIS7, S100T6MQ, S100VHSJ, S100XTYD |
| Retained earnings | 5,386 | 6,372 | 7,733 | 8,981 | 10,484 | S100QIS7, S100T6MQ, S100VHSJ, S100XTYD |
| Treasury stock | -0 | -0 | -1 | -1 | -1 | S100QIS7, S100T6MQ, S100VHSJ, S100XTYD |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 17% | S100XTYD |
| Receivables | 20% | S100XTYD |
| Property, plant and equipment | 38% | S100XTYD |
| Intangibles and goodwill | 5% | S100XTYD |
| Investment securities | 1% | S100XTYD |
| Other assets | 19% | S100XTYD |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 39% | S100XTYD |
| Equity | 61% | S100XTYD |
| Other liabilities | 0% | S100XTYD |

### Balance sheet history

| Metric | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 15,346 | 17,202 | 19,264 | 18,306 | 20,534 |
| Equity | 7,220 | 8,245 | 9,776 | 11,064 | 12,627 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 2,111 | 2,379 | 2,931 | 2,104 | 3,558 |

## 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) | 22.2% | S100XTYD |
| Fixed assets ÷ total assets | 37.6% | S100XTYD |
| Goodwill ÷ parent equity | 1.5% | S100XTYD |

### 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) | 17.3% |
| Cash ÷ revenue | 10.3% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 168.0% |
| Cash vs. profit gap | 3,112 JPY mn (of net income 160.6%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 22.7% |
| Shareholder payments — dividends / FCF | 14.5% |
| CapEx intensity (capex ÷ revenue) | 5.8% |
| Investing CF relative to operating CF | 41.7% |

## 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 | 6.4% | 1.56× | 10.0% | 2.13× | 21.3% | S100QIS7 |
| 2022 | 4.8% | 1.61× | 7.7% | 2.12× | 16.3% | S100T6MQ |
| 2023 | 5.2% | 1.70× | 8.8% | 2.05× | 18.1% | S100VHSJ |
| 2024 | 4.9% | 1.70× | 8.2% | 1.83× | 15.1% | S100XTYD |
| 2025 | 5.6% | 1.79× | 10.0% | 1.65× | 16.5% | S100XTYD |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| ワイドフレンズ株式会社 | Major shareholder | 68.3% | 2025-12-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 2.2% | 2025-12-31 |
| アクアブルー会 | Major shareholder | 1.7% | 2025-12-31 |
| 東海東京証券株式会社 | Major shareholder | 1.5% | 2025-12-31 |
| 梅木 孝治 | Major shareholder | 1.4% | 2025-12-31 |
| 光通信ＫＫ投資事業有限責任組合 無限責任組合員光通信株式会社 | Major shareholder | 1.1% | 2025-12-31 |
| 梅木 健行 | Major shareholder | 1.1% | 2025-12-31 |
| 株式会社ＤＭＭ．ｃｏｍ証券 | Major shareholder | 0.9% | 2025-12-31 |
| 三菱ＵＦＪｅスマート証券株式会社 | Major shareholder | 0.7% | 2025-12-31 |
| DANSKE BANK A/S FINNISH CLIENTS （常任代理人 香港上海銀行東京支店） | Major shareholder | 0.4% | 2025-12-31 |
| 川野 昇 | Major shareholder | 0.4% | 2025-12-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第56期(2025/01/01－2025/12/31) | S100XTYD | 2026-03-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XTYD,, |
| 有価証券報告書－第55期(2024/01/01－2024/12/31) | S100VHSJ | 2025-03-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VHSJ,, |
| 有価証券報告書－第54期(2023/01/01－2023/12/31) | S100T6MQ | 2024-03-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100T6MQ,, |
| 有価証券報告書－第53期(2022/01/01－2022/12/31) | S100QIS7 | 2023-03-31 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QIS7,, |
| 有価証券報告書－第52期(令和3年1月1日－令和3年12月31日) | S100NT1A | 2022-03-31 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100NT1A,, |
| 有価証券報告書－第51期(令和2年1月1日－令和2年12月31日) | S100L3FA | 2021-03-31 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100L3FA,, |

## 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).