# KURAUDIA HOLDINGS CO.,LTD.: business model and financials

> Latest period: FY ending Aug 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第49期(2024/09/01－2025/08/31) (S100X5IQ)
> Page: https://vizora.meequs.com/en/company/kuraudia-holdings
> Retrieved: 2026-09-30T23:01:19.754Z

## Company

Kuraudia Holdings, founded in 1976, is a company in Weddings listed on TSE Standard. It has 957 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | KURAUDIA HOLDINGS CO.,LTD. |
| Ticker | 3607 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3607.T) |
| Listing | TSE Standard |
| Head office | 京都市右京区西院高田町34番地 |
| Representative (per filing) | 代表取締役会長兼社長 倉 正治 |
| Founded | Dec 1976 |
| Share capital | ¥50M |
| Employees (consolidated) | 957 |
| Average salary (parent only) | ¥5.1M |
| Fiscal year end | August |
| Website | www.kuraudia.holdings (https://www.kuraudia.holdings/) |
| Corporate number | 9130001000639 |
| EDINET | E00617 |
| Industries (Vizora) | Weddings |

> Profile source: annual securities report (S100X5IQ, filed 2025-11-21). As of filing

## Five-axis industry profile

Primary industry: Weddings (2025-08-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 35.7 | 7 |
| Profitability | 16.7 | 9 |
| Cash conversion | 72.2 | 9 |
| Efficiency | 61.1 | 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)

- Kuraudia Holdings brought in ¥13.6B in revenue.
- Out of every ¥100 of sales, about ¥3 is left as operating profit.
- Revenue changed +2.8% from the prior year, operating profit +17.7%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥13591151000 → ¥312330000
- Net income → operating cash flow: ¥312330000 → ¥859607000（difference ¥547277000）
- Main uses of operating cash flow: CapEx ¥554350000 / dividends ¥108467000 / buybacks —
- Change in cash: ¥174919000
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 | ¥13.6B |  |
| Operating income | ¥402.1M | Margin 3.0% |
| Net income | ¥312.3M | Margin 2.3% |
| Free cash flow | ¥305.3M |  |
| Employees (consolidated) | 957 |  |
| EPS | ¥2.83 |  |
| Book value per share | ¥264.39 |  |
| Equity ratio | 31.4% |  |
| Shares outstanding | 9,689,200 |  |
| Treasury shares | 677,400 |  |
| Shareholders | 9,595 |  |
| Average salary (parent only) | ¥5.1M | Filing company only |
| Cash ratio | 14.7% | Cash ÷ revenue 13.7% |
| Vs. industry median margin | -5.1 pp | Weddings |
| ROE | 8.5% | Derived from disclosed figures |
| ROA | 2.5% | Derived from disclosed figures |

## Notable figures

- FY2025, operating cash flow is 2.8× net income
- FY2025, employees -8% while operating income rose 18%

## What changed in 5 years

| Metric | FY ending Aug 2020 | FY ending Aug 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥8272181000 | ¥13591151000 | +64.3% |
| Operating income | ¥-2311174000 | ¥402134000 | — |
| Operating margin | -27.9% | 3.0% | +30.9 pp |
| Employees | 969 people | 957 people | -1.2% |
| Cash and equivalents | ¥3996510000 | ¥1860467000 | -53.4% |

### Change in segment revenue mix

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

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 13,591 | 100.0% | S100X5IQ |
| Cost of revenue | 3,013 | 22.2% | S100X5IQ |
| Gross profit | 10,578 | 77.8% | S100X5IQ |
| SG&A | 10,176 | 74.9% | S100X5IQ |
| Operating income | 402 | 3.0% | S100X5IQ |
| Ordinary income | 417 | 3.1% | S100X5IQ |
| Pretax income | 417 | 3.1% | S100X5IQ |
| Income tax | 105 | 0.8% | S100X5IQ |
| Net income | 312 | 2.3% | S100X5IQ |
| Net income attributable to owners | 312 | 2.3% | S100X5IQ |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 22 |
| SG&A | 75 |
| Operating income | 3 |
| (Ref.) Net income | 2 |

### Margin funnel

Gross margin 77.8% → Operating margin 3.0% → Net margin 2.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +2.8%; Core profit growth: +17.7%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 6.30×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 13,219 | 13,591 | 372 | +2.8% |
| Gross profit | 10,194 | 10,578 | 384 | +3.8% |
| Operating income | 342 | 402 | 61 | +17.7% |
| Net income attributable to owners | 193 | 312 | 120 | +62.2% |
| Operating cash flow | 526 | 860 | 334 | +63.4% |
| Free cash flow | 53 | 305 | 252 | +477.0% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Aug 2019 | 12,359 | 309 | 2.5% | 61 | 726 | 204 | S100K95P |
| FY ending Aug 2020 | 8,272 | -2,311 | -27.9% | -2,367 | -1,935 | -2,230 | S100MXZV |
| FY ending Aug 2021 | 7,016 | -1,732 | -24.7% | -811 | 515 | 387 | S100PPRE |
| FY ending Aug 2022 | 9,508 | 104 | 1.1% | 824 | 989 | 859 | S100SDFG |
| FY ending Aug 2023 | 11,522 | 553 | 4.8% | 562 | 761 | 321 | S100UU3Z |
| FY ending Aug 2024 | 13,219 | 342 | 2.6% | 193 | 526 | 53 | S100X5IQ |
| FY ending Aug 2025 | 13,591 | 402 | 3.0% | 312 | 860 | 305 | S100X5IQ |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥14.2M |
| Operating income per employee (consolidated) | ¥420.2K |
| Net income per employee (consolidated) | ¥326.4K |

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

| History | FY ending Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 820 | 830 | 938 | 1,039 | 957 |
| Average salary (parent company) | ¥4.9M | ¥4.9M | ¥4.9M | ¥5M | ¥5.1M |
| Average age (parent company) | 39.4 years | 39.6 years | 38.5 years | 40.1 years | 42.1 years |
| Average tenure (parent company) | 9.1 years | 9.3 years | 8.5 years | 9.2 years | 10.0 years |

Year over year: Employees (consolidated) -7.9% · Revenue (consolidated) +2.8%

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 860 | 6.3% | S100X5IQ |
| Capital expenditure | 554 | 4.1% | S100X5IQ |
| Free cash flow | 305 | 2.2% | 算出 |
| Investing cash flow | -463 | -3.4% | S100X5IQ |
| Financing cash flow | -193 | -1.4% | S100X5IQ |
| Dividends paid | 108 | 0.8% | S100X5IQ |
| Change in cash | 175 | 1.3% | S100X5IQ |
| Cash and equivalents | 1,860 | 13.7% | S100X5IQ |

## 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 Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 4,778 | 4,455 | 2,078 | 1,686 | 1,860 | S100SDFG, S100UU3Z, S100X5IQ |
| Total assets | 13,785 | 13,578 | 11,899 | 12,813 | 12,625 | S100PPRE, S100SDFG, S100UU3Z, S100X5IQ |
| Net assets | 2,369 | 3,137 | 3,696 | 3,829 | 3,968 | S100SDFG, S100UU3Z, S100X5IQ |
| Share capital | 1,072 | 50 | 50 | 50 | 50 | S100PPRE, S100SDFG, S100UU3Z, S100X5IQ |
| Trade receivables | 520 | 621 | 787 | 876 | 871 | S100PPRE, S100SDFG, S100UU3Z, S100X5IQ |
| Property, plant and equipment | 4,524 | 4,535 | 4,661 | 5,368 | 5,435 | S100PPRE, S100SDFG, S100UU3Z, S100X5IQ |
| Intangible assets excluding goodwill | 78 | 85 | 138 | 189 | 164 | S100PPRE, S100SDFG, S100UU3Z, S100X5IQ |
| Goodwill | — | 16 | 9 | 27 | 19 | S100SDFG, S100UU3Z, S100X5IQ |
| Investment securities | 20 | 20 | 20 | 29 | 27 | S100PPRE, S100SDFG, S100UU3Z, S100X5IQ |
| Current assets | 5,978 | 5,786 | 3,750 | 3,655 | 3,706 | S100PPRE, S100SDFG, S100UU3Z, S100X5IQ |
| Current liabilities | 5,702 | 5,744 | 4,400 | 4,415 | 4,009 | S100PPRE, S100SDFG, S100UU3Z, S100X5IQ |
| Short-term borrowings | 3,150 | 3,150 | 1,575 | 1,250 | 1,050 | S100PPRE, S100SDFG, S100UU3Z, S100X5IQ |
| Long-term borrowings | 5,007 | 3,900 | 2,963 | 3,449 | 3,619 | S100PPRE, S100SDFG, S100UU3Z, S100X5IQ |
| Total liabilities | 11,416 | 10,441 | 8,203 | 8,984 | 8,658 | S100PPRE, S100SDFG, S100UU3Z, S100X5IQ |
| Equity attributable to owners of parent | 2,137 | 2,906 | 3,438 | 3,581 | 3,802 | S100PPRE, S100SDFG, S100UU3Z, S100X5IQ |
| Retained earnings | 399 | 1,153 | 1,671 | 1,792 | 1,996 | S100PPRE, S100SDFG, S100UU3Z, S100X5IQ |
| Treasury stock | -537 | -505 | -474 | -442 | -413 | S100PPRE, S100SDFG, S100UU3Z, S100X5IQ |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 15% | S100X5IQ |
| Receivables | 7% | S100X5IQ |
| Property, plant and equipment | 43% | S100X5IQ |
| Intangibles and goodwill | 1% | S100X5IQ |
| Investment securities | 0% | S100X5IQ |
| Other assets | 34% | S100X5IQ |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 69% | S100X5IQ |
| Equity | 31% | S100X5IQ |
| Other liabilities | 0% | S100X5IQ |

### Balance sheet history

| Metric | FY ending Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 13,785 | 13,578 | 11,899 | 12,813 | 12,625 |
| Equity | 2,369 | 3,137 | 3,696 | 3,829 | 3,968 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 4,778 | 4,455 | 2,078 | 1,686 | 1,860 |

## 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) | 40.0% | S100X5IQ |
| Fixed assets ÷ total assets | 43.0% | S100X5IQ |
| Goodwill ÷ parent equity | 0.5% | S100X5IQ |

### 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) | 14.7% |
| Cash ÷ revenue | 13.7% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 213.8% |
| Cash vs. profit gap | 547 JPY mn (of net income 175.2%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 34.7% |
| Shareholder payments — dividends / FCF | 35.5% |
| CapEx intensity (capex ÷ revenue) | 4.1% |
| Investing CF relative to operating CF | 53.9% |

## 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 | — | —× | -5.9% | —× | — | S100PPRE |
| 2022 | 8.7% | 0.69× | 6.0% | 5.43× | 32.7% | S100SDFG |
| 2023 | 4.9% | 0.90× | 4.4% | 4.02× | 17.7% | S100UU3Z |
| 2024 | 1.5% | 1.07× | 1.6% | 3.52× | 5.5% | S100X5IQ |
| 2025 | 2.3% | 1.07× | 2.5% | 3.45× | 8.5% | S100X5IQ |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 有限会社クラエンタープライズ | Major shareholder | 39.0% | 2025-08-31 |
| クラウディア従業員持株会 | Major shareholder | 3.2% | 2025-08-31 |
| 株式会社丸文 | Major shareholder | 3.0% | 2025-08-31 |
| 倉 正治 | Major shareholder | 2.7% | 2025-08-31 |
| クラウディア取引先持株会 | Major shareholder | 2.0% | 2025-08-31 |
| 株式会社三井住友銀行 | Major shareholder | 1.4% | 2025-08-31 |
| 合同会社センス | Major shareholder | 0.9% | 2025-08-31 |
| 上野 克美 | Major shareholder | 0.8% | 2025-08-31 |
| 今泉 理抄 | Major shareholder | 0.7% | 2025-08-31 |
| 山田 清志 | Major shareholder | 0.6% | 2025-08-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第49期(2024/09/01－2025/08/31) | S100X5IQ | 2025-11-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100X5IQ,, |
| 有価証券報告書－第48期(2023/09/01－2024/08/31) | S100UU3Z | 2024-11-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UU3Z,, |
| 有価証券報告書－第47期(2022/09/01－2023/08/31) | S100SDFG | 2023-11-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100SDFG,, |
| 有価証券報告書－第46期(令和3年9月1日－令和4年8月31日) | S100PPRE | 2022-11-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PPRE,, |
| 有価証券報告書－第45期(令和2年9月1日－令和3年8月31日) | S100MXZV | 2021-11-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MXZV,, |
| 有価証券報告書－第44期(令和1年9月1日－令和2年8月31日) | S100K95P | 2020-11-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100K95P,, |

## 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).