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

> Latest period: FY ending Feb 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第16期(2025/03/01－2026/02/28) (S100Y600)
> Page: https://vizora.meequs.com/en/company/n-interlife
> Retrieved: 2026-09-30T20:59:21.138Z

## Company

Interlife Holdings, founded in 1975, is a company in Plant Engineering & Building Services listed on TSE Standard. It has 238 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | INTERLIFE HOLDINGS CO.,LTD. |
| Ticker | 1418 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/1418.T) |
| Listing | TSE Standard |
| Head office | 東京都中央区銀座六丁目13番16号 銀座ウォールビル11階 |
| Representative (per filing) | 代表取締役社長 貴田 晃司 |
| Founded | Feb 1975 |
| Share capital | ¥2.98B |
| Employees (consolidated) | 238 |
| Average salary (parent only) | ¥6.9M |
| Fiscal year end | February |
| Website | www.n-interlife.co.jp (https://www.n-interlife.co.jp/) |
| Corporate number | 4011501016216 |
| EDINET | E24512 |
| Industries (Vizora) | Plant Engineering & Building Services, General Contractors |

> Profile source: annual securities report (S100Y600, filed 2026-05-25). As of filing

## Five-axis industry profile

Primary industry: General Contractors (2026-02-28)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 29.2 | 84 |
| Profitability | 54.9 | 92 |
| Cash conversion | 83 | 91 |
| Efficiency | 96.2 | 92 |

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 61% of Interlife Holdings's sales come from Interior engineering, with Sound, lighting setup business equipment and Maintenance making up much of the rest.
- Out of every ¥100 of sales, about ¥7 is left as operating profit.
- Revenue changed -3.6% from the prior year, operating profit +33.3%.

## Company structure

- Segment revenue mix: Interior engineering 61.5%、Sound, lighting setup business equipment 38.4%、Maintenance 0.2%
- Revenue → net income: ¥16336273000 → ¥828031000
- Net income → operating cash flow: ¥828031000 → ¥2228928000（difference ¥1400897000）
- Main uses of operating cash flow: CapEx ¥40614000 / dividends ¥486381000 / buybacks ¥199976000
- Change in cash: ¥1106017000
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 | ¥16.3B |  |
| Operating income | ¥1.17B | Margin 7.1% |
| Net income | ¥828M | Margin 5.1% |
| Free cash flow | ¥2.19B |  |
| Largest business | Interior engineering | of segment revenue 61.5% |
| Employees (consolidated) | 238 |  |
| EPS | ¥25.31 |  |
| Book value per share | ¥285.16 |  |
| Equity ratio | 50.4% |  |
| Shares outstanding | 17,010,000 |  |
| Treasury shares | 1,133,600 |  |
| Shareholders | 5,995 |  |
| Average salary (parent only) | ¥6.9M | Filing company only |
| Cash ratio | 28.0% | Cash ÷ revenue 15.9% |
| Vs. industry median margin | +0.3 pp | General Contractors |
| ROE | 19.2% | Derived from disclosed figures |
| ROA | 8.9% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 2.7× net income
- FY2026, employees -7% while operating income rose 33%
- FY2026, cash is 28% of total assets

## What changed in 5 years

| Metric | FY ending Feb 2021 | FY ending Feb 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥14823365000 | ¥16336273000 | +10.2% |
| Operating income | ¥183463000 | ¥1166863000 | +536.0% |
| Operating margin | 1.2% | 7.1% | +5.9 pp |
| Employees | 344 people | 238 people | -30.8% |
| Cash and equivalents | ¥3163923000 | ¥2598395000 | -17.9% |

### Change in segment revenue mix

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

| Flow | Revenue share |
| --- | ---: |
| 工事事業 → 事業再編・廃止 | 51.8% |
| 通信・人材サービス事業 → 事業再編・廃止 | 22.9% |
| 店舗サービス事業 → 事業再編・廃止 | 11.3% |
| 不動産事業 → 事業再編・廃止 | 1.6% |
| 人材サービス事業 → 事業再編・廃止 | 11.6% |
| その他事業 → 事業再編・廃止 | 0.7% |
| 新設・再編 → 内装工事事業 | 61.5% |
| 新設・再編 → 音響・照明設備事業 | 38.4% |
| 新設・再編 → 設備・メンテナンス事業 | 0.2% |

Segment revenue source references: 9 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Interior engineering | 4 years | +17.6% | ¥10046214000 | 6.5% | 2 |
| Sound, lighting setup business equipment | 4 years | +24.8% | ¥6265118000 | 10.9% | 2 |
| Maintenance | 4 years | -63.3% | ¥24940000 | -58.6% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 16,336 | 100.0% | S100Y600 |
| Cost of revenue | 12,695 | 77.7% | S100Y600 |
| Gross profit | 3,641 | 22.3% | S100Y600 |
| SG&A | 2,474 | 15.1% | S100Y600 |
| Operating income | 1,167 | 7.1% | S100Y600 |
| Ordinary income | 1,156 | 7.1% | S100Y600 |
| Pretax income | 1,219 | 7.5% | S100Y600 |
| Income tax | 391 | 2.4% | S100Y600 |
| Net income | 828 | 5.1% | S100Y600 |
| Net income attributable to owners | 828 | 5.1% | S100Y600 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 78 |
| SG&A | 15 |
| Operating income | 7 |
| (Ref.) Net income | 5 |

### Margin funnel

Gross margin 22.3% → Operating margin 7.1% → Net margin 5.1%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue down, profit up
Revenue growth: -3.6%; Core profit growth: +33.3%
Operating leverage (core profit growth ÷ revenue growth): -9.32×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 16,941 | 16,336 | -604 | -3.6% |
| Gross profit | 3,381 | 3,641 | 260 | +7.7% |
| Operating income | 876 | 1,167 | 291 | +33.3% |
| Net income attributable to owners | 705 | 828 | 123 | +17.4% |
| Operating cash flow | 485 | 2,229 | 1,744 | +359.7% |
| Free cash flow | 380 | 2,188 | 1,808 | +476.1% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Feb 2020 | 19,053 | 356 | 1.9% | 108 | 614 | 459 | S100LEOK |
| FY ending Feb 2021 | 14,823 | 183 | 1.2% | 102 | 633 | 591 | S100O4KJ |
| FY ending Feb 2022 | 11,794 | 45 | 0.4% | 72 | -794 | -892 | S100QTYF |
| FY ending Feb 2023 | 11,461 | 169 | 1.5% | 179 | 161 | 119 | S100THID |
| FY ending Feb 2024 | 12,626 | 271 | 2.1% | 385 | -623 | -651 | S100VTVY |
| FY ending Feb 2025 | 16,941 | 876 | 5.2% | 705 | 485 | 380 | S100Y600 |
| FY ending Feb 2026 | 16,336 | 1,167 | 7.1% | 828 | 2,229 | 2,188 | S100Y600 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥68.6M |
| Operating income per employee (consolidated) | ¥4.9M |
| Net income per employee (consolidated) | ¥3.5M |

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

| History | FY ending Feb 2022 | FY ending Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 280 | 201 | 250 | 255 | 238 |
| Average salary (parent company) | ¥5.9M | ¥5.6M | ¥6.3M | ¥6.7M | ¥6.9M |
| Average age (parent company) | 47.0 years | 49.0 years | 48.0 years | 49.0 years | 48.5 years |
| Average tenure (parent company) | 5.8 years | 8.4 years | 4.9 years | 5.8 years | 6.4 years |

Year over year: Employees (consolidated) -6.7% · Revenue (consolidated) -3.6%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Interior engineering | 10,046 | 61.5% | 653 | 6.5% |
| Sound, lighting setup business equipment | 6,265 | 38.4% | 682 | 10.9% |
| Maintenance | 25 | 0.2% | -15 | -58.6% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Interior engineering | 61.5% | 48.9% | -12.6 | 6.5% |
| Sound, lighting setup business equipment | 38.4% | 51.1% | 12.7 | 10.9% |
| Maintenance | 0.2% | — | — | -58.6% |

Loss-making segment (excluded from profit shares): Maintenance -15 JPY mn

Segment → industry: Maintenance → Plant Engineering & Building Services / Sound, lighting setup business equipment → Plant Engineering & Building Services / Interior engineering → General Contractors

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 2,229 | 13.6% | S100Y600 |
| Capital expenditure | 41 | 0.2% | S100Y600 |
| Free cash flow | 2,188 | 13.4% | 算出 |
| Investing cash flow | -108 | -0.7% | S100Y600 |
| Financing cash flow | -1,015 | -6.2% | S100Y600 |
| Dividends paid | 486 | 3.0% | S100Y600 |
| Share buyback | 200 | 1.2% | S100Y600 |
| Change in cash | 1,106 | 6.8% | S100Y600 |
| Cash and equivalents | 2,598 | 15.9% | S100Y600 |

## 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 Feb 2022 | FY ending Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 2,220 | 1,773 | 1,355 | 1,492 | 2,598 | S100THID, S100VTVY, S100Y600 |
| Total assets | 7,564 | 7,298 | 8,135 | 9,438 | 9,269 | S100QTYF, S100THID, S100VTVY, S100Y600 |
| Net assets | 3,917 | 3,281 | 3,638 | 4,215 | 4,676 | S100THID, S100VTVY, S100Y600 |
| Share capital | 2,979 | 2,979 | 2,979 | 2,979 | 2,979 | S100QTYF, S100THID, S100VTVY, S100Y600 |
| Trade receivables | 636 | — | — | — | — | S100QTYF |
| Inventories | 60 | 5 | 14 | 19 | 14 | S100QTYF, S100THID, S100VTVY, S100Y600 |
| Property, plant and equipment | 1,208 | 1,151 | 1,111 | 1,184 | 1,131 | S100QTYF, S100THID, S100VTVY, S100Y600 |
| Intangible assets excluding goodwill | 391 | 297 | 543 | 537 | 497 | S100QTYF, S100THID, S100VTVY, S100Y600 |
| Goodwill | 153 | 59 | 302 | 268 | 233 | S100QTYF, S100THID, S100VTVY, S100Y600 |
| Investment securities | 474 | 469 | 518 | 536 | 937 | S100QTYF, S100THID, S100VTVY, S100Y600 |
| Current assets | 5,300 | 5,215 | 5,809 | 6,957 | 6,567 | S100QTYF, S100THID, S100VTVY, S100Y600 |
| Current liabilities | 2,887 | 3,256 | 3,290 | 4,049 | 3,379 | S100QTYF, S100THID, S100VTVY, S100Y600 |
| Trade payables | 813 | 853 | 415 | 382 | 191 | S100QTYF, S100THID, S100VTVY, S100Y600 |
| Short-term borrowings | 450 | 450 | 450 | 650 | 350 | S100QTYF, S100THID, S100VTVY, S100Y600 |
| Long-term borrowings | 473 | 499 | 867 | 759 | 774 | S100QTYF, S100THID, S100VTVY, S100Y600 |
| Total liabilities | 3,647 | 4,018 | 4,498 | 5,223 | 4,593 | S100QTYF, S100THID, S100VTVY, S100Y600 |
| Equity attributable to owners of parent | 3,965 | 3,339 | 3,652 | 4,228 | 4,406 | S100QTYF, S100THID, S100VTVY, S100Y600 |
| Retained earnings | 443 | 526 | 833 | 878 | 1,218 | S100QTYF, S100THID, S100VTVY, S100Y600 |
| Treasury stock | -157 | -865 | -872 | -328 | -489 | S100QTYF, S100THID, S100VTVY, S100Y600 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 28% | S100Y600 |
| Inventories | 0% | S100Y600 |
| Property, plant and equipment | 12% | S100Y600 |
| Intangibles and goodwill | 8% | S100Y600 |
| Investment securities | 10% | S100Y600 |
| Other assets | 42% | S100Y600 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 2% | S100Y600 |
| Other liabilities | 48% | S100Y600 |
| Equity | 50% | S100Y600 |
| Other liabilities | 0% | S100Y600 |

### Balance sheet history

| Metric | FY ending Feb 2022 | FY ending Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 7,564 | 7,298 | 8,135 | 9,438 | 9,269 |
| Equity | 3,917 | 3,281 | 3,638 | 4,215 | 4,676 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 2,220 | 1,773 | 1,355 | 1,492 | 2,598 |

## 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) | 6.9% | S100Y600 |
| Fixed assets ÷ total assets | 12.2% | S100Y600 |
| Goodwill ÷ parent equity | 5.3% | S100Y600 |

Goodwill over 4 years: 153 → 233 JPY; total investing cash flow: 243 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) | 28.0% |
| Cash ÷ revenue | 15.9% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 191.0% |
| Cash vs. profit gap | 1,401 JPY mn (of net income 169.2%) |
| Shareholder returns / net income | 82.9% |
| Shareholder returns / FCF | 31.4% |
| Shareholder payments — dividends / net income | 58.7% |
| Shareholder payments — dividends / FCF | 22.2% |
| CapEx intensity (capex ÷ revenue) | 0.2% |
| Investing CF relative to operating CF | 4.8% |

## 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 | 0.6% | 1.56× | 0.9% | 1.91× | 1.8% | S100QTYF |
| 2023 | 1.6% | 1.54× | 2.4% | 2.04× | 4.9% | S100THID |
| 2024 | 3.0% | 1.64× | 5.0% | 2.21× | 11.0% | S100VTVY |
| 2025 | 4.2% | 1.93× | 8.0% | 2.23× | 17.9% | S100Y600 |
| 2026 | 5.1% | 1.75× | 8.9% | 2.17× | 19.2% | S100Y600 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| ㈱辰巳 | Major shareholder | 31.3% | 2026-02-28 |
| ㈱日本カストディ銀行 信託Ｅ口 | Major shareholder | 3.9% | 2026-02-28 |
| インターライフホールディングス取引先持株会 | Major shareholder | 2.9% | 2026-02-28 |
| ㈱乃村工藝社 | Major shareholder | 2.8% | 2026-02-28 |
| インターライフホールディングス社員持株会 | Major shareholder | 2.6% | 2026-02-28 |
| 東京建物㈱ | Major shareholder | 2.5% | 2026-02-28 |
| STATE STREET BANK AND TRUST COMPANY 505103（常任代理人 ㈱みずほ銀行決済営業部） | Major shareholder | 1.9% | 2026-02-28 |
| 及川 民司 | Major shareholder | 1.4% | 2026-02-28 |
| インターライフホールディングス役員持株会 | Major shareholder | 1.4% | 2026-02-28 |
| 市岡 悦子 | Major shareholder | 1.1% | 2026-02-28 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第16期(2025/03/01－2026/02/28) | S100Y600 | 2026-05-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Y600,, |
| 有価証券報告書－第15期(2024/03/01－2025/02/28) | S100VTVY | 2025-05-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VTVY,, |
| 有価証券報告書－第14期(2023/03/01－2024/02/29) | S100THID | 2024-05-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100THID,, |
| 有価証券報告書－第13期(2022/03/01－2023/02/28) | S100QTYF | 2023-05-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QTYF,, |
| 有価証券報告書－第12期(令和3年3月1日－令和4年2月28日) | S100O4KJ | 2022-05-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100O4KJ,, |
| 有価証券報告書－第11期(令和2年3月1日－令和3年2月28日) | S100LEOK | 2021-05-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LEOK,, |

## 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).