# KUBOTEK CORPORATION: 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41期(2025/04/01－2026/03/31) (S100XQ6A)
> Page: https://vizora.meequs.com/en/company/kubotek
> Retrieved: 2026-09-30T21:02:03.330Z

## Company

Kubotek, founded in 1985, is a company in Robots & Factory Automation listed on TSE Standard. It has 64 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | KUBOTEK CORPORATION |
| Ticker | 7709 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7709.T) |
| Listing | TSE Standard |
| Head office | 大阪市北区中之島4丁目3番36号 玉江橋ビル内 |
| Representative (per filing) | 取締役社長 前田忠和 |
| Founded | Jul 1985 |
| Share capital | ¥1.95B |
| Employees (consolidated) | 64 |
| Average salary (parent only) | ¥5.9M |
| Fiscal year end | March |
| Website | www.kubotek.com (https://www.kubotek.com/) |
| Corporate number | 8120001063299 |
| EDINET | E02337 |
| Industries (Vizora) | Robots & Factory Automation, Software & SaaS |

> Profile source: annual securities report (S100XQ6A, filed 2026-06-29). As of filing

## Five-axis industry profile

Primary industry: Software & SaaS (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 63.3 | 105 |
| Profitability | 6.6 | 145 |
| Efficiency | 95.5 | 145 |

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 73% of Kubotek's sales come from Japan, with America making up much of the rest.
- It lost about ¥5 for every ¥100 of sales at the operating level.
- Revenue changed +26.5% from the prior year.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥2.1B |  |
| Operating income | -¥112.1M | Margin -5.3% |
| Net income | -¥156.1M | Margin -7.4% |
| Free cash flow | -¥272.9M |  |
| Largest business | Japan | of segment revenue 73.0% |
| Employees (consolidated) | 64 |  |
| EPS | ¥-12.97 |  |
| Book value per share | ¥8.62 |  |
| Equity ratio | 7.0% |  |
| Shares outstanding | 13,830,000 |  |
| Treasury shares | 62,200 |  |
| Shareholders | 3,340 |  |
| Average salary (parent only) | ¥5.9M | Filing company only |
| Cash ratio | 14.1% | Cash ÷ revenue 5.4% |
| Vs. industry median margin | -17.1 pp | Robots & Factory Automation |
| ROA | -12.3% | Derived from disclosed figures |

## Notable figures

- FY2026, revenue is 2.1× its level five years ago

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥1074720000 | ¥2102020000 | +95.6% |
| Operating income | ¥-131403000 | ¥-112065000 | — |
| Operating margin | -12.2% | -5.3% | +6.9 pp |
| Employees | 73 people | 64 people | -12.3% |
| Cash and equivalents | ¥1745437000 | ¥113826000 | -93.5% |

### 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 |
| --- | ---: |
| 日本 → 日本 | 58.8% |
| 米国 → 米国 | 27.0% |
| 米国 → 事業再編・廃止 | 8.7% |
| 韓国 → 事業再編・廃止 | 5.5% |
| 新設・再編 → 日本 | 14.2% |

Segment revenue source references: 5 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 2,102 | 100.0% | S100XQ6A |
| Cost of revenue | 1,420 | 67.6% | S100XQ6A |
| Gross profit | 682 | 32.4% | S100XQ6A |
| SG&A | 794 | 37.8% | S100XQ6A |
| Operating income | -112 | -5.3% | S100XQ6A |
| Ordinary income | -114 | -5.4% | S100XQ6A |
| Pretax income | -150 | -7.2% | S100XQ6A |
| Income tax | 6 | 0.3% | S100XQ6A |
| Net income | -156 | -7.4% | S100XQ6A |
| Net income attributable to owners | -156 | -7.4% | S100XQ6A |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 67 |
| SG&A | 38 |
| Operating income | -5 |
| (Ref.) Net income | -7 |

### Margin funnel

Gross margin 32.4% → Operating margin -5.3% → Net margin -7.4%
Derived from reported figures (DERIVED).

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 1,662 | 2,102 | 440 | +26.5% |
| Gross profit | 680 | 682 | 1 | +0.2% |
| Operating income | -125 | -112 | 13 | — |
| Net income attributable to owners | -201 | -156 | 45 | — |
| Operating cash flow | -195 | -25 | 170 | — |
| Free cash flow | -478 | -273 | 205 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 1,881 | -29 | -1.5% | -101 | 241 | 70 | S100LKG5 |
| FY ending Mar 2021 | 1,075 | -131 | -12.2% | -117 | 232 | 60 | S100O86S |
| FY ending Mar 2022 | 1,018 | -176 | -17.3% | -122 | 51 | -129 | S100QZEJ |
| FY ending Mar 2023 | 1,218 | -194 | -16.0% | -205 | -146 | -382 | S100TK4Z |
| FY ending Mar 2024 | 1,306 | -217 | -16.6% | -273 | 456 | 229 | S100V7BC |
| FY ending Mar 2025 | 1,662 | -125 | -7.5% | -201 | -195 | -478 | S100XQ6A |
| FY ending Mar 2026 | 2,102 | -112 | -5.3% | -156 | -25 | -273 | S100XQ6A |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥32.8M |
| Operating income per employee (consolidated) | -¥1.8M |
| Net income per employee (consolidated) | -¥2.4M |

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) | 75 | 70 | 72 | 71 | 64 |
| Average salary (parent company) | ¥5.3M | ¥5.6M | ¥5.8M | ¥6.2M | ¥5.9M |
| Average age (parent company) | 53.2 years | 54.7 years | 55.4 years | 56.5 years | 55.8 years |
| Average tenure (parent company) | 21.7 years | 22.5 years | 22.5 years | 23.5 years | 22.5 years |

Year over year: Employees (consolidated) -9.9% · Revenue (consolidated) +26.5%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Japan | 1,534 | 73.0% | -94 | -6.1% |
| America | 568 | 27.0% | -64 | -11.3% |

### 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 | Margin |
| --- | ---: | ---: |
| Japan | 73.0% | -6.1% |
| America | 27.0% | -11.3% |

Loss-making segment (excluded from profit shares): Japan -94 JPY mn

Loss-making segment (excluded from profit shares): America -64 JPY mn

Segment → industry: Japan → Robots & Factory Automation / America → Software & SaaS / Japan → Software & SaaS

## 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 | -25 | -1.2% | S100XQ6A |
| Capital expenditure | 247 | 11.8% | S100XQ6A |
| Free cash flow | -273 | -13.0% | 算出 |
| Investing cash flow | -303 | -14.4% | S100XQ6A |
| Financing cash flow | 6 | 0.3% | S100XQ6A |
| Change in cash | -325 | -15.5% | S100XQ6A |
| Cash and equivalents | 114 | 5.4% | S100XQ6A |

## 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 | 1,382 | 818 | 1,127 | 439 | 114 | S100TK4Z, S100V7BC, S100XQ6A |
| Total assets | 2,092 | 1,581 | 2,354 | 1,736 | 806 | S100QZEJ, S100TK4Z, S100V7BC, S100XQ6A |
| Net assets | 977 | 720 | 435 | 202 | 56 | S100TK4Z, S100V7BC, S100XQ6A |
| Share capital | 1,952 | 1,952 | 1,952 | 1,952 | 1,952 | S100QZEJ, S100TK4Z, S100V7BC, S100XQ6A |
| Property, plant and equipment | 1 | 1 | 0 | 0 | 0 | S100QZEJ, S100TK4Z, S100V7BC, S100XQ6A |
| Intangible assets excluding goodwill | 164 | 241 | 255 | 226 | 208 | S100QZEJ, S100TK4Z, S100V7BC, S100XQ6A |
| Investment securities | 0 | 0 | 0 | 0 | 0 | S100QZEJ, S100TK4Z, S100V7BC, S100XQ6A |
| Current assets | 1,900 | 1,305 | 2,067 | 1,486 | 579 | S100QZEJ, S100TK4Z, S100V7BC, S100XQ6A |
| Current liabilities | 675 | 594 | 1,711 | 1,394 | 657 | S100QZEJ, S100TK4Z, S100V7BC, S100XQ6A |
| Trade payables | 103 | 46 | 100 | 25 | 9 | S100QZEJ, S100TK4Z, S100V7BC, S100XQ6A |
| Short-term borrowings | — | — | 250 | 90 | 150 | S100V7BC, S100XQ6A |
| Long-term borrowings | 409 | 234 | 145 | 91 | 66 | S100QZEJ, S100TK4Z, S100V7BC, S100XQ6A |
| Total liabilities | 1,115 | 861 | 1,919 | 1,533 | 750 | S100QZEJ, S100TK4Z, S100V7BC, S100XQ6A |
| Equity attributable to owners of parent | 954 | 749 | 476 | 275 | 119 | S100QZEJ, S100TK4Z, S100V7BC, S100XQ6A |
| Retained earnings | -916 | -1,121 | -1,394 | -1,595 | -1,751 | S100QZEJ, S100TK4Z, S100V7BC, S100XQ6A |
| Treasury stock | -82 | -82 | -82 | -82 | -82 | S100QZEJ, S100TK4Z, S100V7BC, S100XQ6A |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 14% | S100XQ6A |
| Property, plant and equipment | 0% | S100XQ6A |
| Intangibles and goodwill | 26% | S100XQ6A |
| Investment securities | 0% | S100XQ6A |
| Other assets | 60% | S100XQ6A |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 1% | S100XQ6A |
| Other liabilities | 92% | S100XQ6A |
| Equity | 7% | S100XQ6A |
| Other liabilities | 0% | S100XQ6A |

### 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 | 2,092 | 1,581 | 2,354 | 1,736 | 806 |
| Equity | 977 | 720 | 435 | 202 | 56 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 1,382 | 818 | 1,127 | 439 | 114 |

## 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) | 0.0% | S100XQ6A |
| Fixed assets ÷ total assets | 0.0% | S100XQ6A |
| Goodwill ÷ parent equity | — | —, S100XQ6A |

### 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) | 14.1% |
| Cash ÷ revenue | 5.4% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | 131 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 11.8% |
| 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 | — | —× | -5.8% | —× | — | S100QZEJ |
| 2023 | — | —× | -11.2% | —× | — | S100TK4Z |
| 2024 | — | —× | -13.9% | —× | — | S100V7BC |
| 2025 | — | —× | -9.8% | —× | — | S100XQ6A |
| 2026 | — | —× | -12.3% | —× | — | S100XQ6A |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 久 保 哲 夫 | Major shareholder | 18.0% | 2026-03-31 |
| 久 保 美津子 | Major shareholder | 10.2% | 2026-03-31 |
| 久 保 元 | Major shareholder | 10.2% | 2026-03-31 |
| 久 保 宜 子 | Major shareholder | 10.2% | 2026-03-31 |
| 坂 本 典 子 | Major shareholder | 10.2% | 2026-03-31 |
| 園 田 朋 子 | Major shareholder | 10.2% | 2026-03-31 |
| 木 村 貞 敏 | Major shareholder | 1.2% | 2026-03-31 |
| 久 保 成 一 | Major shareholder | 1.1% | 2026-03-31 |
| 中 島 毅 | Major shareholder | 0.8% | 2026-03-31 |
| ＪＰモルガン証券株式会社 | Major shareholder | 0.7% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第41期(2025/04/01－2026/03/31) | S100XQ6A | 2026-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XQ6A,, |
| 有価証券報告書－第40期(2024/04/01－2025/03/31) | S100V7BC | 2025-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100V7BC,, |
| 有価証券報告書－第39期(2023/04/01－2024/03/31) | S100TK4Z | 2024-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TK4Z,, |
| 有価証券報告書－第38期(2022/04/01－2023/03/31) | S100QZEJ | 2023-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QZEJ,, |
| 有価証券報告書－第37期(令和3年4月1日－令和4年3月31日) | S100O86S | 2022-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100O86S,, |
| 有価証券報告書－第36期(令和2年4月1日－令和3年3月31日) | S100LKG5 | 2021-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LKG5,, |

## 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).