# Misonoza Theatrical Corporation: 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136期(2025/04/01－2026/03/31) (S100YG20)
> Page: https://vizora.meequs.com/en/company/misonoza
> Retrieved: 2026-09-30T21:33:20.709Z

## Company

Misonoza Theatrical is a company in Events & Ticketing listed on Nagoya. It has 6 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Misonoza Theatrical Corporation |
| Ticker | 9664 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/9664.T) |
| Listing | Nagoya |
| Head office | 名古屋市中区栄一丁目6番14号 |
| Representative (per filing) | 代表取締役社長 宮崎敏明 |
| Share capital | ¥2.27B |
| Employees (consolidated) | 6 |
| Average salary (parent only) | ¥4.1M |
| Fiscal year end | March |
| Corporate number | 5180001041087 |
| EDINET | E04609 |
| Industries (Vizora) | Events & Ticketing |

> Profile source: annual securities report (S100YG20, filed 2026-06-22). As of filing

## Five-axis industry profile

Primary industry: Events & Ticketing (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 41.7 | 6 |
| Profitability | 50 | 9 |
| Cash conversion | 94.4 | 9 |
| Efficiency | 16.7 | 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)

- Misonoza Theatrical brought in ¥3.22B in revenue.
- Out of every ¥100 of sales, about ¥7 is left as operating profit.
- Revenue changed +27.1% from the prior year, and it swung back to an operating profit.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥3.22B |  |
| Operating income | ¥238.2M | Margin 7.4% |
| Net income | ¥202.4M | Margin 6.3% |
| Free cash flow | — |  |
| Employees (consolidated) | 6 |  |
| EPS | ¥40.64 |  |
| Book value per share | ¥945.5 |  |
| Equity ratio | 79.1% |  |
| Shares outstanding | 4,984,000 |  |
| Treasury shares | 5,200 |  |
| Shareholders | 7,470 |  |
| Average salary (parent only) | ¥4.1M | Filing company only |
| Cash ratio | 22.1% | Cash ÷ revenue 40.9% |
| Vs. industry median margin | 0 pp | Events & Ticketing |
| ROE | 4.4% | Derived from disclosed figures |
| ROA | 3.4% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 3.6× net income

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥939216000 | ¥3217352000 | +242.6% |
| Operating income | ¥-445266000 | ¥238160000 | — |
| Operating margin | -47.4% | 7.4% | +54.8 pp |
| Employees | 16 people | 6 people | -62.5% |
| Cash and equivalents | ¥240174000 | ¥1314612000 | +447.4% |

### 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.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 3,217 | 100.0% | S100YG20 |
| Cost of revenue | 2,372 | 73.7% | S100YG20 |
| Gross profit | 846 | 26.3% | S100YG20 |
| SG&A | 608 | 18.9% | S100YG20 |
| Operating income | 238 | 7.4% | S100YG20 |
| Ordinary income | 232 | 7.2% | S100YG20 |
| Pretax income | 232 | 7.2% | S100YG20 |
| Income tax | 30 | 0.9% | S100YG20 |
| Net income | 202 | 6.3% | S100YG20 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 74 |
| SG&A | 19 |
| Operating income | 7 |
| (Ref.) Net income | 6 |

### Margin funnel

Gross margin 26.3% → Operating margin 7.4% → Net margin 6.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Turned profitable
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 | 2,531 | 3,217 | 686 | +27.1% |
| Gross profit | 534 | 846 | 312 | +58.4% |
| Operating income | -77 | 238 | 315 | — |
| Operating cash flow | -80 | 729 | 809 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 2,966 | -248 | -8.3% | -301 | -95 | -112 | S100LPXX |
| FY ending Mar 2021 | 939 | -445 | -47.4% | -527 | -495 | -497 | S100OGP5 |
| FY ending Mar 2022 | 2,052 | -393 | -19.2% | 327 | 411 | 410 | S100R7OB |
| FY ending Mar 2023 | 2,730 | -41 | -1.5% | -58 | 625 | 624 | S100TSZM |
| FY ending Mar 2024 | 3,610 | 217 | 6.0% | 178 | 532 | 521 | S100W42X |
| FY ending Mar 2025 | 2,531 | -77 | -3.0% | -86 | -80 | -125 | S100YG20 |
| FY ending Mar 2026 | 3,217 | 238 | 7.4% | 202 | 729 | — | S100YG20 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥536.2M |
| Operating income per employee (consolidated) | ¥39.7M |
| Net income per employee (consolidated) | ¥33.7M |

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) | 14 | 11 | 11 | 6 | 6 |
| Average salary (parent company) | ¥3.8M | ¥3.3M | ¥4.5M | ¥4.1M | ¥4.1M |
| Average age (parent company) | 46.0 years | 51.0 years | 57.0 years | 52.0 years | 53.0 years |
| Average tenure (parent company) | 8.0 years | 9.0 years | 11.0 years | 10.0 years | 11.0 years |

Year over year: Employees (consolidated) 0.0% · Revenue (consolidated) +27.1%

## 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 | 729 | 22.7% | S100YG20 |
| Investing cash flow | -1 | -0.0% | S100YG20 |
| Financing cash flow | -213 | -6.6% | S100YG20 |
| Change in cash | 515 | 16.0% | S100YG20 |
| Cash and equivalents | 1,315 | 40.9% | S100YG20 |

## 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 | 438 | 824 | 1,082 | 800 | 1,315 | S100TSZM, S100W42X, S100YG20 |
| Total assets | 6,277 | 6,316 | 6,134 | 5,785 | 5,952 | S100R7OB, S100TSZM, S100W42X, S100YG20 |
| Net assets | 4,441 | 4,385 | 4,576 | 4,498 | 4,708 | S100TSZM, S100W42X, S100YG20 |
| Share capital | 2,272 | 2,272 | 2,272 | 2,272 | 2,272 | S100R7OB, S100TSZM, S100W42X, S100YG20 |
| Property, plant and equipment | 5,316 | 5,076 | 4,849 | 4,671 | 4,433 | S100R7OB, S100TSZM, S100W42X, S100YG20 |
| Intangible assets excluding goodwill | 22 | 13 | 6 | 6 | 5 | S100R7OB, S100TSZM, S100W42X, S100YG20 |
| Investment securities | 42 | 43 | 57 | 65 | 77 | S100R7OB, S100TSZM, S100W42X, S100YG20 |
| Current assets | 889 | 1,179 | 1,206 | 1,033 | 1,431 | S100R7OB, S100TSZM, S100W42X, S100YG20 |
| Current liabilities | 538 | 860 | 681 | 557 | 733 | S100R7OB, S100TSZM, S100W42X, S100YG20 |
| Long-term borrowings | 1,024 | 800 | 600 | 438 | 228 | S100R7OB, S100TSZM, S100W42X, S100YG20 |
| Total liabilities | 1,836 | 1,932 | 1,558 | 1,288 | 1,244 | S100R7OB, S100TSZM, S100W42X, S100YG20 |
| Equity attributable to owners of parent | 4,430 | 4,372 | 4,550 | 4,464 | 4,666 | S100R7OB, S100TSZM, S100W42X, S100YG20 |
| Retained earnings | 60 | 2 | 180 | 95 | 297 | S100R7OB, S100TSZM, S100W42X, S100YG20 |
| Treasury stock | -40 | -40 | -40 | -40 | -40 | S100R7OB, S100TSZM, S100W42X, S100YG20 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 22% | S100YG20 |
| Property, plant and equipment | 75% | S100YG20 |
| Intangibles and goodwill | 0% | S100YG20 |
| Investment securities | 1% | S100YG20 |
| Other assets | 2% | S100YG20 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 21% | S100YG20 |
| Equity | 79% | S100YG20 |
| Other liabilities | 0% | S100YG20 |

### 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 | 6,277 | 6,316 | 6,134 | 5,785 | 5,952 |
| Equity | 4,441 | 4,385 | 4,576 | 4,498 | 4,708 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 438 | 824 | 1,082 | 800 | 1,315 |

## 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) | 137.8% | S100YG20 |
| Fixed assets ÷ total assets | 74.5% | S100YG20 |
| Goodwill ÷ parent equity | — | —, S100YG20 |

### 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) | 22.1% |
| Cash ÷ revenue | 40.9% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 306.2% |
| Cash vs. profit gap | 527 JPY mn (of net income 260.4%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | — |
| Investing CF relative to operating CF | 0.1% |

## 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 | 15.9% | 0.33× | 5.2% | 1.42× | 7.4% | S100R7OB |
| 2023 | — | —× | -0.9% | —× | — | S100TSZM |
| 2024 | 4.9% | 0.58× | 2.9% | 1.40× | 4.0% | S100W42X |
| 2025 | — | —× | -1.4% | —× | — | S100YG20 |
| 2026 | 6.3% | 0.55× | 3.4% | 1.29× | 4.4% | S100YG20 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社大丸松坂屋百貨店 | Major shareholder | 4.0% | 2026-03-31 |
| 中部日本放送株式会社 | Major shareholder | 3.2% | 2026-03-31 |
| 株式会社宮崎 | Major shareholder | 3.2% | 2026-03-31 |
| 株式会社中日新聞社 | Major shareholder | 2.6% | 2026-03-31 |
| 株式会社三菱ＵＦＪ銀行 | Major shareholder | 2.2% | 2026-03-31 |
| 松竹株式会社 | Major shareholder | 2.2% | 2026-03-31 |
| トヨタ自動車株式会社 | Major shareholder | 1.7% | 2026-03-31 |
| 名古屋鉄道株式会社 | Major shareholder | 1.7% | 2026-03-31 |
| 東海東京フィナンシャル・ホールディングス株式会社 | Major shareholder | 1.6% | 2026-03-31 |
| 有限会社ＭＭＳ | Major shareholder | 1.6% | 2026-03-31 |
| 大日産業株式会社 | Major shareholder | 1.6% | 2026-03-31 |
| 岡崎信用金庫 | Major shareholder | 1.6% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第136期(2025/04/01－2026/03/31) | S100YG20 | 2026-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YG20,, |
| 有価証券報告書－第135期(2024/04/01－2025/03/31) | S100W42X | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W42X,, |
| 有価証券報告書－第134期(2023/04/01－2024/03/31) | S100TSZM | 2024-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TSZM,, |
| 有価証券報告書－第133期(2022/04/01－2023/03/31) | S100R7OB | 2023-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R7OB,, |
| 有価証券報告書－第132期(令和3年4月1日－令和4年3月31日) | S100OGP5 | 2022-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OGP5,, |
| 有価証券報告書－第131期(令和2年4月1日－令和3年3月31日) | S100LPXX | 2021-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LPXX,, |

## 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).