# LIKE,Inc.: business model and financials

> Latest period: FY ending May 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第33期(2025/06/01－2026/05/31) (S100YZCT)
> Page: https://vizora.meequs.com/en/company/like
> Retrieved: 2026-09-30T19:49:21.426Z

## Company

Like, founded in 1993, is a company in HR & Staffing listed on TSE Prime. It has 5,482 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | LIKE,Inc. |
| Ticker | 2462 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/2462.T) |
| Listing | TSE Prime |
| Head office | 大阪市北区角田町8番1号 |
| Representative (per filing) | 代表取締役会長兼社長 グループCEO 岡本 泰彦 |
| Founded | Sep 1993 |
| Share capital | ¥1.55B |
| Employees (consolidated) | 5,482 |
| Average salary (parent only) | ¥5.4M |
| Fiscal year end | May |
| Website | www.like-gr.co.jp (https://www.like-gr.co.jp/) |
| Corporate number | 5120001111993 |
| EDINET | E05536 |
| Industries (Vizora) | HR & Staffing, Nursing Care, Childcare |

> Profile source: annual securities report (S100YZCT, filed 2026-08-28). As of filing

## Five-axis industry profile

Primary industry: Childcare (2026-05-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 15 | 10 |
| Profitability | 54.2 | 12 |
| Cash conversion | 70.8 | 12 |
| Efficiency | 62.5 | 12 |

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 53% of Like's sales come from Childcare-related services, with Comprehensive staffing services and Care-related services making up much of the rest.
- Out of every ¥100 of sales, about ¥5 is left as operating profit.
- Revenue changed +8.0% from the prior year, operating profit +1.0%.

## Company structure

- Segment revenue mix: Childcare-related services 53.2%、Comprehensive staffing services 32.7%、Care-related services 13.9%、Other 0.2%
- Revenue → net income: ¥67315520000 → ¥2328492000
- Net income → operating cash flow: ¥2328492000 → ¥4974007000（difference ¥2645515000）
- Main uses of operating cash flow: CapEx ¥1871559000 / dividends ¥1169567000 / buybacks —
- Change in cash: ¥1121211000
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 | ¥67.3B |  |
| Operating income | ¥2.98B | Margin 4.4% |
| Net income | ¥2.33B | Margin 3.5% |
| Free cash flow | ¥3.1B |  |
| Largest business | Childcare-related services | of segment revenue 53.2% |
| Employees (consolidated) | 5,482 |  |
| EPS | ¥98.19 |  |
| Book value per share | ¥463.43 |  |
| Equity ratio | 46.1% |  |
| Shares outstanding | 20,464,800 |  |
| Treasury shares | 1,274,700 |  |
| Shareholders | 7,854 |  |
| Average salary (parent only) | ¥5.4M | Filing company only |
| Cash ratio | 24.0% | Cash ÷ revenue 14.7% |
| Vs. industry median margin | +0.5 pp | Childcare |
| ROE | 12.8% | Derived from disclosed figures |
| ROA | 5.7% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 2.1× net income

## What changed in 5 years

| Metric | FY ending May 2021 | FY ending May 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥54274116000 | ¥67315520000 | +24.0% |
| Operating income | ¥3610293000 | ¥2981397000 | -17.4% |
| Operating margin | 6.7% | 4.4% | -2.2 pp |
| Employees | 5,402 people | 5,482 people | +1.5% |
| Cash and equivalents | ¥9516239000 | ¥9898268000 | +4.0% |

### Change in segment revenue mix

Span: FY ending May 2021 → FY ending May 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 総合人材サービス事業 → 総合人材サービス事業 | 32.7% |
| 総合人材サービス事業 → 事業再編・廃止 | 4.7% |
| 子育て支援サービス事業 → 子育て支援サービス事業 | 48.6% |
| 介護関連サービス事業 → 介護関連サービス事業 | 13.4% |
| その他 → その他 | 0.2% |
| その他 → 事業再編・廃止 | 0.4% |
| 新設・再編 → 子育て支援サービス事業 | 4.6% |
| 新設・再編 → 介護関連サービス事業 | 0.6% |

Segment revenue source references: 8 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Childcare-related services | 5 years | +6.3% | ¥35814007000 | 5.4% | 2 |
| Comprehensive staffing services | 5 years | +1.6% | ¥21982983000 | 7.6% | 2 |
| Care-related services | 5 years | +5.3% | ¥9382202000 | 4.0% | 2 |
| Other | 5 years | -15.9% | ¥136327000 | 158.0% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 67,316 | 100.0% | S100YZCT |
| Cost of revenue | 58,056 | 86.2% | S100YZCT |
| Gross profit | 9,260 | 13.8% | S100YZCT |
| SG&A | 6,279 | 9.3% | S100YZCT |
| Operating income | 2,981 | 4.4% | S100YZCT |
| Ordinary income | 3,668 | 5.4% | S100YZCT |
| Pretax income | 3,678 | 5.5% | S100YZCT |
| Income tax | 1,350 | 2.0% | S100YZCT |
| Net income | 2,328 | 3.5% | S100YZCT |
| Net income attributable to owners | 2,328 | 3.5% | S100YZCT |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 86 |
| SG&A | 9 |
| Operating income | 5 |
| (Ref.) Net income | 3 |

### Margin funnel

Gross margin 13.8% → Operating margin 4.4% → Net margin 3.5%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +8.0%; Core profit growth: +1.0%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): 0.13×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 62,336 | 67,316 | 4,979 | +8.0% |
| Gross profit | 8,808 | 9,260 | 452 | +5.1% |
| Operating income | 2,951 | 2,981 | 30 | +1.0% |
| Net income attributable to owners | 2,097 | 2,328 | 231 | +11.0% |
| Operating cash flow | 3,786 | 4,974 | 1,188 | +31.4% |
| Free cash flow | 1,863 | 3,102 | 1,239 | +66.5% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending May 2020 | 51,072 | 2,000 | 3.9% | 1,793 | 3,451 | -331 | S100MD0J |
| FY ending May 2021 | 54,274 | 3,610 | 6.7% | 3,262 | 5,695 | 3,746 | S100P3J0 |
| FY ending May 2022 | 57,643 | 4,239 | 7.4% | 3,269 | 4,710 | 3,057 | S100RRZK |
| FY ending May 2023 | 60,015 | 3,581 | 6.0% | 2,569 | 4,798 | 3,310 | S100UAO3 |
| FY ending May 2024 | 60,469 | 3,333 | 5.5% | 2,448 | 3,637 | 2,161 | S100WLRT |
| FY ending May 2025 | 62,336 | 2,951 | 4.7% | 2,097 | 3,786 | 1,863 | S100YZCT |
| FY ending May 2026 | 67,316 | 2,981 | 4.4% | 2,328 | 4,974 | 3,102 | S100YZCT |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥12.3M |
| Operating income per employee (consolidated) | ¥543.9K |
| Net income per employee (consolidated) | ¥424.8K |

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

| History | FY ending May 2022 | FY ending May 2023 | FY ending May 2024 | FY ending May 2025 | FY ending May 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 5,505 | 5,390 | 5,334 | 5,367 | 5,482 |
| Average salary (parent company) | ¥4.9M | ¥5.2M | ¥5.3M | ¥5.1M | ¥5.4M |
| Average age (parent company) | 31.1 years | 29.7 years | 30.3 years | 31.4 years | 32.7 years |
| Average tenure (parent company) | 4.7 years | 3.5 years | 4.1 years | 3.7 years | 4.2 years |

Year over year: Employees (consolidated) +2.1% · Revenue (consolidated) +8.0%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Comprehensive staffing services | 21,983 | 32.7% | 1,676 | 7.6% |
| Childcare-related services | 35,814 | 53.2% | 1,918 | 5.4% |
| Care-related services | 9,382 | 13.9% | 372 | 4.0% |
| Other | 136 | 0.2% | 215 | 158.0% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Comprehensive staffing services | 32.7% | 40.1% | 7.4 | 7.6% |
| Childcare-related services | 53.2% | 45.9% | -7.3 | 5.4% |
| Care-related services | 13.9% | 8.9% | -5.0 | 4.0% |
| Other | 0.2% | 5.2% | 4.9 | 158.0% |

Segment → industry: Comprehensive staffing services → HR & Staffing / Care-related services → Nursing Care / Childcare-related services → Childcare

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 4,974 | 7.4% | S100YZCT |
| Capital expenditure | 1,872 | 2.8% | S100YZCT |
| Free cash flow | 3,102 | 4.6% | 算出 |
| Investing cash flow | -1,827 | -2.7% | S100YZCT |
| Financing cash flow | -2,026 | -3.0% | S100YZCT |
| Dividends paid | 1,170 | 1.7% | S100YZCT |
| Change in cash | 1,121 | 1.7% | S100YZCT |
| Cash and equivalents | 9,898 | 14.7% | S100YZCT |

## 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 May 2022 | FY ending May 2023 | FY ending May 2024 | FY ending May 2025 | FY ending May 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 10,603 | 10,650 | 9,440 | 8,777 | 9,898 | S100UAO3, S100WLRT, S100YZCT |
| Total assets | 39,381 | 39,454 | 38,503 | 40,446 | 41,243 | S100RRZK, S100UAO3, S100WLRT, S100YZCT |
| Net assets | 14,022 | 15,474 | 16,816 | 17,798 | 19,007 | S100UAO3, S100WLRT, S100YZCT |
| Share capital | 1,549 | 1,549 | 1,549 | 1,549 | 1,549 | S100RRZK, S100UAO3, S100WLRT, S100YZCT |
| Property, plant and equipment | 15,683 | 16,283 | 16,531 | 17,795 | 17,921 | S100RRZK, S100UAO3, S100WLRT, S100YZCT |
| Intangible assets excluding goodwill | 681 | 205 | 191 | 268 | 237 | S100RRZK, S100UAO3, S100WLRT, S100YZCT |
| Goodwill | 517 | 74 | — | 58 | 45 | S100RRZK, S100UAO3, S100YZCT |
| Investment securities | 553 | 429 | 460 | 441 | 449 | S100RRZK, S100UAO3, S100WLRT, S100YZCT |
| Current assets | 17,748 | 17,773 | 16,605 | 17,232 | 17,830 | S100RRZK, S100UAO3, S100WLRT, S100YZCT |
| Current liabilities | 11,640 | 15,189 | 11,019 | 12,232 | 13,782 | S100RRZK, S100UAO3, S100WLRT, S100YZCT |
| Trade payables | 105 | 181 | 190 | 215 | 239 | S100RRZK, S100UAO3, S100WLRT, S100YZCT |
| Short-term borrowings | 1,400 | 1,400 | 1,400 | 1,820 | 1,820 | S100RRZK, S100UAO3, S100WLRT, S100YZCT |
| Long-term borrowings | 9,191 | 3,943 | 5,542 | 5,012 | 2,983 | S100RRZK, S100UAO3, S100WLRT, S100YZCT |
| Total liabilities | 25,359 | 23,980 | 21,687 | 22,648 | 22,236 | S100RRZK, S100UAO3, S100WLRT, S100YZCT |
| Equity attributable to owners of parent | 13,766 | 15,337 | 16,614 | 17,598 | 18,756 | S100RRZK, S100UAO3, S100WLRT, S100YZCT |
| Retained earnings | 12,792 | 14,363 | 15,640 | 16,625 | 17,783 | S100RRZK, S100UAO3, S100WLRT, S100YZCT |
| Treasury stock | -741 | -741 | -741 | -741 | -741 | S100RRZK, S100UAO3, S100WLRT, S100YZCT |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 24% | S100YZCT |
| Property, plant and equipment | 43% | S100YZCT |
| Intangibles and goodwill | 1% | S100YZCT |
| Investment securities | 1% | S100YZCT |
| Other assets | 31% | S100YZCT |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 1% | S100YZCT |
| Other liabilities | 53% | S100YZCT |
| Equity | 46% | S100YZCT |
| Other liabilities | 0% | S100YZCT |

### Balance sheet history

| Metric | FY ending May 2022 | FY ending May 2023 | FY ending May 2024 | FY ending May 2025 | FY ending May 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 39,381 | 39,454 | 38,503 | 40,446 | 41,243 |
| Equity | 14,022 | 15,474 | 16,816 | 17,798 | 19,007 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 10,603 | 10,650 | 9,440 | 8,777 | 9,898 |

## 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) | 26.6% | S100YZCT |
| Fixed assets ÷ total assets | 43.5% | S100YZCT |
| Goodwill ÷ parent equity | 0.2% | S100YZCT |

Goodwill over 4 years: 517 → 45 JPY; total investing cash flow: -8,561 JPY. This does not imply causation.

### 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) | 24.0% |
| Cash ÷ revenue | 14.7% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 166.8% |
| Cash vs. profit gap | 2,646 JPY mn (of net income 113.6%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 50.2% |
| Shareholder payments — dividends / FCF | 37.7% |
| CapEx intensity (capex ÷ revenue) | 2.8% |
| Investing CF relative to operating CF | 36.7% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 5.7% | 1.46× | 8.3% | 2.86× | 23.7% | S100RRZK |
| 2023 | 4.3% | 1.52× | 6.5% | 2.71× | 17.7% | S100UAO3 |
| 2024 | 4.0% | 1.55× | 6.3% | 2.44× | 15.3% | S100WLRT |
| 2025 | 3.4% | 1.58× | 5.3% | 2.31× | 12.3% | S100YZCT |
| 2026 | 3.5% | 1.65× | 5.7% | 2.25× | 12.8% | S100YZCT |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 有限会社マナックス | Major shareholder | 43.4% | 2026-05-31 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 4.3% | 2026-05-31 |
| 日本生命保険相互会社 （常任代理人 日本マスタートラスト信託銀行株式会社） | Major shareholder | 3.4% | 2026-05-31 |
| 岡本 泰彦 | Major shareholder | 3.1% | 2026-05-31 |
| 株式会社テー・オー・ダブリュー | Major shareholder | 2.9% | 2026-05-31 |
| 岡本 久美子 | Major shareholder | 2.9% | 2026-05-31 |
| 三品 芳機 | Major shareholder | 1.5% | 2026-05-31 |
| ライク従業員持株会 | Major shareholder | 0.4% | 2026-05-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 0.4% | 2026-05-31 |
| 谷間 高 | Major shareholder | 0.4% | 2026-05-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第33期(2025/06/01－2026/05/31) | S100YZCT | 2026-08-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YZCT,, |
| 有価証券報告書－第32期(2024/06/01－2025/05/31) | S100WLRT | 2025-08-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WLRT,, |
| 有価証券報告書－第31期(2023/06/01－2024/05/31) | S100UAO3 | 2024-08-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UAO3,, |
| 有価証券報告書－第30期(2022/06/01－2023/05/31) | S100RRZK | 2023-08-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RRZK,, |
| 有価証券報告書－第29期(令和3年6月1日－令和4年5月31日) | S100P3J0 | 2022-08-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100P3J0,, |
| 有価証券報告書－第28期(令和2年6月1日－令和3年5月31日) | S100MD0J | 2021-08-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MD0J,, |

## Key alliances (from the filing's material contracts)

| Partner | Type | Description | Source |
| --- | ---: | ---: | ---: |
| 日本生命 | Capital alliance | 資本業務提携。保育所向け業務改善システムの共同開発（日本生命の子会社ニチイ学館の保育所で実証）と保育イノベーションコンソーシアムの組成 | S100YZCT |

## 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).