# Kyoritsu Computer & Communication 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61期(2025/04/01－2026/03/31) (S100YG51)
> Page: https://vizora.meequs.com/en/company/kyoritsu-computer-and-communication
> Retrieved: 2026-09-30T19:01:51.866Z

## Company

Kyoritsu Computer & Communication, founded in 1965, is a company in IT Services & System Integration listed on TSE Standard. It has 177 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Kyoritsu Computer & Communication Co.,Ltd. |
| Ticker | 3670 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3670.T) |
| Listing | TSE Standard |
| Head office | 東京都港区浜松町一丁目9番10号 |
| Representative (per filing) | 代表取締役 佐々木 修 |
| Founded | Jun 1965 |
| Share capital | ¥204.2M |
| Employees (consolidated) | 177 |
| Average salary (parent only) | ¥5.6M |
| Fiscal year end | March |
| Website | www.kccnet.co.jp (https://www.kccnet.co.jp/) |
| Corporate number | 2010401008184 |
| EDINET | E27235 |
| Industries (Vizora) | IT Services & System Integration, Electronics Retailers |

> Profile source: annual securities report (S100YG51, filed 2026-06-22). As of filing

## Five-axis industry profile

Primary industry: Electronics Retailers (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 96.4 | 14 |
| Cash conversion | 53.6 | 14 |
| Efficiency | 25 | 14 |

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 60% of Kyoritsu Computer & Communication's sales come from Mobile, with Solution making up much of the rest.
- Out of every ¥100 of sales, about ¥9 is left as operating profit.
- Revenue changed +14.8% from the prior year, operating profit +59.0%.

## Company structure

- Segment revenue mix: Mobile 59.7%、Solution 40.3%
- Revenue → net income: ¥5140326000 → ¥316186000
- Net income → operating cash flow: ¥316186000 → ¥521985000（difference ¥205799000）
- Main uses of operating cash flow: CapEx ¥19578000 / dividends ¥65905000 / buybacks —
- Change in cash: ¥-139077000
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 | ¥5.14B |  |
| Operating income | ¥475M | Margin 9.2% |
| Net income | ¥316.2M | Margin 6.2% |
| Free cash flow | ¥502.4M |  |
| Largest business | Mobile | of segment revenue 59.7% |
| Employees (consolidated) | 177 |  |
| EPS | ¥263.97 |  |
| Book value per share | ¥1978.44 |  |
| Equity ratio | 62.9% |  |
| Shares outstanding | 1,205,600 |  |
| Treasury shares | 7,700 |  |
| Shareholders | 769 |  |
| Average salary (parent only) | ¥5.6M | Filing company only |
| Cash ratio | 30.4% | Cash ÷ revenue 22.3% |
| Vs. industry median margin | +5.9 pp | Electronics Retailers |
| ROE | 14.1% | Derived from disclosed figures |
| ROA | 9.1% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 66% of positive segment profit
- FY2026, employees -5% while operating income rose 59%
- FY2026, segment profit share differs by 26 points

## What changed in 4 years

Currency or consolidation scope differs; percentage changes are omitted.

| Metric | FY ending Mar 2022 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥5344731000 | ¥5140326000 | — |
| Operating income | ¥185902000 | ¥474994000 | — |
| Operating margin | 3.5% | 9.2% | +5.8 pp |
| Employees | 196 people | 177 people | — |
| Cash and equivalents | ¥898792000 | ¥1146022000 | — |

### Change in segment revenue mix

Span: FY ending Mar 2022 → 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 |
| --- | ---: |
| ソリューション事業 → ソリューション事業 | 40.3% |
| ソリューション事業 → 事業再編・廃止 | 0.8% |
| モバイル事業 → モバイル事業 | 58.9% |
| 新設・再編 → モバイル事業 | 0.8% |

Segment revenue source references: 4 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 5,140 | 100.0% | S100YG51 |
| Cost of revenue | 3,015 | 58.6% | S100YG51 |
| Gross profit | 2,126 | 41.4% | S100YG51 |
| SG&A | 1,651 | 32.1% | S100YG51 |
| Operating income | 475 | 9.2% | S100YG51 |
| Ordinary income | 476 | 9.3% | S100YG51 |
| Pretax income | 476 | 9.3% | S100YG51 |
| Income tax | 160 | 3.1% | S100YG51 |
| Net income | 316 | 6.2% | S100YG51 |

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

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

### Margin funnel

Gross margin 41.4% → Operating margin 9.2% → Net margin 6.2%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +14.8%; Core profit growth: +59.0%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 3.98×
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 | 4,476 | 5,140 | 664 | +14.8% |
| Gross profit | 1,800 | 2,126 | 326 | +18.1% |
| Operating income | 299 | 475 | 176 | +59.0% |
| Operating cash flow | 221 | 522 | 301 | +136.2% |
| Free cash flow | 182 | 502 | 320 | +175.7% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Feb 2021 | 4,509 | 165 | 3.7% | 132 | 236 | 153 | S100OAEI |
| FY ending Mar 2022 | 5,345 | 186 | 3.5% | 115 | 142 | 91 | S100QZ32 |
| FY ending Mar 2023 | 4,909 | 163 | 3.3% | 123 | -192 | — | S100TS9C |
| FY ending Mar 2023 | 4,983 | 184 | 3.7% | 123 | -192 | -213 | S100QZ32 |
| FY ending Mar 2024 | 5,469 | 283 | 5.2% | 258 | 645 | 610 | S100W229 |
| FY ending Mar 2025 | 4,476 | 299 | 6.7% | 172 | 221 | 182 | S100YG51 |
| FY ending Mar 2026 | 5,140 | 475 | 9.2% | 316 | 522 | 502 | S100YG51 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥29M |
| Operating income per employee (consolidated) | ¥2.7M |
| Net income per employee (consolidated) | ¥1.8M |

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 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 191 | 196 | 197 | 186 | 177 |
| Average salary (parent company) | — | ¥4.9M | ¥5M | ¥5.1M | ¥5.6M |
| Average age (parent company) | — | 37.8 years | 38.1 years | 38.6 years | 39.6 years |
| Average tenure (parent company) | — | 12.0 years | 12.2 years | 13.8 years | 14.3 years |

Year over year: Employees (consolidated) -4.8% · Revenue (consolidated) +14.8%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Solution | 2,071 | 40.3% | 608 | 29.4% |
| Mobile | 3,070 | 59.7% | 313 | 10.2% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Solution | 40.3% | 66.0% | 25.7 | 29.4% |
| Mobile | 59.7% | 34.0% | -25.7 | 10.2% |

Segment → industry: Solution → IT Services & System Integration / Mobile → Electronics Retailers

## 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 | 522 | 10.2% | S100YG51 |
| Capital expenditure | 20 | 0.4% | S100YG51 |
| Free cash flow | 502 | 9.8% | 算出 |
| Investing cash flow | -590 | -11.5% | S100YG51 |
| Financing cash flow | -72 | -1.4% | S100YG51 |
| Dividends paid | 66 | 1.3% | S100YG51 |
| Change in cash | -139 | -2.7% | S100YG51 |
| Cash and equivalents | 1,146 | 22.3% | S100YG51 |

## 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 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 568 | 645 | 1,174 | 1,285 | 1,146 | S100W229, S100QZ32, S100YG51 |
| Total assets | 2,846 | 2,928 | 3,279 | 3,198 | 3,765 | S100TS9C, S100QZ32, S100W229, S100YG51 |
| Net assets | 1,822 | 1,891 | 2,015 | 2,119 | 2,370 | S100W229, S100QZ32, S100YG51 |
| Share capital | 204 | 204 | 204 | 204 | 204 | S100TS9C, S100QZ32, S100W229, S100YG51 |
| Property, plant and equipment | 539 | 542 | 518 | 426 | 420 | S100TS9C, S100QZ32, S100W229, S100YG51 |
| Intangible assets excluding goodwill | 12 | 12 | 6 | 7 | 4 | S100TS9C, S100QZ32, S100W229, S100YG51 |
| Investment securities | 14 | 14 | 15 | 12 | 12 | S100TS9C, S100QZ32, S100W229, S100YG51 |
| Current assets | 1,857 | 1,946 | 2,319 | 2,314 | 2,861 | S100TS9C, S100QZ32, S100W229, S100YG51 |
| Current liabilities | 711 | 713 | 957 | 772 | 1,085 | S100TS9C, S100QZ32, S100W229, S100YG51 |
| Trade payables | — | 393 | — | — | — | S100QZ32 |
| Total liabilities | 1,024 | 1,037 | 1,264 | 1,079 | 1,395 | S100TS9C, S100QZ32, S100W229, S100YG51 |
| Equity attributable to owners of parent | 1,819 | 1,889 | 2,012 | 2,117 | 2,368 | S100TS9C, S100QZ32, S100W229, S100YG51 |
| Retained earnings | 1,480 | 1,541 | 1,673 | 1,778 | 2,029 | S100TS9C, S100QZ32, S100W229, S100YG51 |
| Treasury stock | -5 | -5 | -6 | -6 | -6 | S100TS9C, S100QZ32, S100W229, S100YG51 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 31% | S100YG51 |
| Property, plant and equipment | 11% | S100YG51 |
| Intangibles and goodwill | 0% | S100YG51 |
| Investment securities | 0% | S100YG51 |
| Other assets | 58% | S100YG51 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 37% | S100YG51 |
| Equity | 63% | S100YG51 |
| Other liabilities | 0% | S100YG51 |

### Balance sheet history

| Metric | FY ending Mar 2023 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 2,846 | 2,928 | 3,279 | 3,198 | 3,765 |
| Equity | 1,822 | 1,891 | 2,015 | 2,119 | 2,370 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 568 | 645 | 1,174 | 1,285 | 1,146 |

## 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) | 8.2% | S100YG51 |
| Fixed assets ÷ total assets | 11.2% | S100YG51 |
| Goodwill ÷ parent equity | — | —, S100YG51 |

### 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) | 30.4% |
| Cash ÷ revenue | 22.3% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 109.9% |
| Cash vs. profit gap | 206 JPY mn (of net income 65.1%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 20.8% |
| Shareholder payments — dividends / FCF | 13.1% |
| CapEx intensity (capex ÷ revenue) | 0.4% |
| Investing CF relative to operating CF | 112.9% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2023 | 2.5% | 1.72× | 4.3% | 1.56× | 6.8% | S100YG51, S100TS9C |
| 2023 | 2.5% | 1.70× | 4.2% | 1.55× | 6.5% | S100QZ32 |
| 2024 | 4.7% | 1.67× | 7.9% | 1.63× | 12.8% | S100W229 |
| 2025 | 3.8% | 1.38× | 5.3% | 1.57× | 8.3% | S100YG51 |
| 2026 | 6.2% | 1.48× | 9.1% | 1.55× | 14.1% | S100YG51 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日茂株式会社 | Major shareholder | 30.9% | 2026-03-31 |
| 佐々木茂則 | Major shareholder | 30.1% | 2026-03-31 |
| 佐々木綾子 | Major shareholder | 2.7% | 2026-03-31 |
| 木村俊一 | Major shareholder | 1.3% | 2026-03-31 |
| 株式会社ＳＢＩ証券 | Major shareholder | 1.2% | 2026-03-31 |
| 協立情報通信従業員持株会 | Major shareholder | 1.1% | 2026-03-31 |
| 谷川崇 | Major shareholder | 1.1% | 2026-03-31 |
| ＪＰモルガン証券株式会社 | Major shareholder | 0.8% | 2026-03-31 |
| 豊証券株式会社 | Major shareholder | 0.8% | 2026-03-31 |
| 佐々木そのみ | Major shareholder | 0.7% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第61期(2025/04/01－2026/03/31) | S100YG51 | 2026-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YG51,, |
| 有価証券報告書－第60期(2024/04/01－2025/03/31) | S100W229 | 2025-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W229,, |
| 有価証券報告書－第59期(2023/04/01－2024/03/31) | S100TS9C | 2024-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TS9C,, |
| 有価証券報告書－第58期(2022/04/01－2023/03/31) | S100QZ32 | 2023-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QZ32,, |
| 有価証券報告書－第57期(令和3年3月1日－令和4年3月31日) | S100OAEI | 2022-06-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OAEI,, |

## 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).