# NIFTY Lifestyle Co.,Ltd: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第9期(2025/04/01－2026/03/31) (S100YB8F)
> Page: https://vizora.meequs.com/en/company/nifty-lifestyle
> Retrieved: 2026-09-30T21:10:53.374Z

## Company

NIFTY Lifestyle, founded in 1986, is a company in Internet Services & Apps. It has 119 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | NIFTY Lifestyle Co., Ltd. |
| Ticker | 4262 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/4262.T) |
| Head office | 東京都中野区本町二丁目46番1号(2025年7月1日から本店所在地「東京都新宿区北新宿二丁目21番1号 新宿フロントタワー」が上記のように移転しております。) |
| Representative (per filing) | 代表取締役社長 成田 隆志 |
| Founded | Feb 1986 |
| Share capital | ¥1.27B |
| Employees (consolidated) | 119 |
| Average salary (parent only) | ¥7.4M |
| Fiscal year end | March |
| Website | niftylifestyle.co.jp (https://niftylifestyle.co.jp/) |
| Corporate number | 5011101083341 |
| EDINET | E37206 |
| Industries (Vizora) | Internet Services & Apps |

> Profile source: annual securities report (S100YB8F, filed 2026-06-12). As of filing

## Five-axis industry profile

Primary industry: Internet Services & Apps (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 76.3 | 40 |
| Profitability | 87.3 | 51 |
| Cash conversion | 38.4 | 43 |
| Efficiency | 24 | 52 |

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)

- NIFTY Lifestyle brought in ¥5.24B in revenue.
- Out of every ¥100 of sales, about ¥23 is left as operating profit.
- Revenue changed +6.1% from the prior year, operating profit +18.5%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥5238123000 → ¥778531000
- Net income → operating cash flow: ¥778531000 → ¥1126993000（difference ¥348462000）
- Main uses of operating cash flow: CapEx ¥274013000 / dividends ¥317787000 / buybacks ¥45627000
- Change in cash: ¥539836000
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 | ¥5.24B |  |
| Operating income | ¥1.19B | Margin 22.7% |
| Net income | ¥778.5M | Margin 14.9% |
| Free cash flow | ¥853M |  |
| Employees (consolidated) | 119 |  |
| EPS | ¥132.87 |  |
| Diluted EPS | ¥132.04 |  |
| Book value per share | ¥1006.09 |  |
| Equity ratio | 83.2% |  |
| Shares outstanding | 6,388,677 |  |
| Treasury shares | 32,000 |  |
| Shareholders | 6,938 |  |
| Average salary (parent only) | ¥7.4M | Filing company only |
| Cash ratio | 63.3% | Cash ÷ revenue 90.1% |
| Vs. industry median margin | +15.1 pp | Internet Services & Apps |
| ROE | 13.0% | Derived from disclosed figures |
| ROA | 10.8% | Derived from disclosed figures |

## Notable figures

- FY2026, cash is 63% of total assets

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥2264393000 | ¥5238123000 | +131.3% |
| Operating income | ¥802216000 | ¥1189978000 | +48.3% |
| Operating margin | 35.4% | 22.7% | -12.7 pp |
| Employees | 57 people | 119 people | +108.8% |
| Cash and equivalents | ¥1109495000 | ¥4721855000 | +325.6% |

### 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, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 5,238 | 100.0% | S100YB8F |
| Cost of revenue | 1,228 | 23.4% | S100YB8F |
| Gross profit | 4,010 | 76.6% | S100YB8F |
| SG&A | 2,820 | 53.8% | S100YB8F |
| Operating income | 1,190 | 22.7% | S100YB8F |
| Ordinary income | 1,195 | 22.8% | S100YB8F |
| Pretax income | 1,168 | 22.3% | S100YB8F |
| Income tax | 390 | 7.4% | S100YB8F |
| Net income | 779 | 14.9% | S100YB8F |
| Net income attributable to owners | 779 | 14.9% | S100YB8F |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 23 |
| SG&A | 54 |
| Operating income | 23 |
| (Ref.) Net income | 15 |

### Margin funnel

Gross margin 76.6% → Operating margin 22.7% → Net margin 14.9%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +6.1%; Core profit growth: +18.5%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 3.06×
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 | 4,939 | 5,238 | 299 | +6.1% |
| Gross profit | 3,497 | 4,010 | 513 | +14.7% |
| Operating income | 1,004 | 1,190 | 186 | +18.5% |
| Net income attributable to owners | 618 | 779 | 161 | +26.0% |
| Operating cash flow | 956 | 1,127 | 171 | +17.9% |
| Free cash flow | 794 | 853 | 59 | +7.4% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2021 | 2,264 | 802 | 35.4% | 508 | 702 | 613 | S100O9WK |
| FY ending Mar 2022 | 2,757 | 935 | 33.9% | 604 | 727 | 514 | S100QY8D |
| FY ending Mar 2023 | 3,008 | 571 | 19.0% | 339 | 519 | — | S100TLSA |
| FY ending Mar 2024 | 3,560 | 934 | 26.2% | 631 | 1,153 | 983 | S100W1KB |
| FY ending Mar 2025 | 4,939 | 1,004 | 20.3% | 618 | 956 | 794 | S100YB8F |
| FY ending Mar 2026 | 5,238 | 1,190 | 22.7% | 779 | 1,127 | 853 | S100YB8F |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥44M |
| Operating income per employee (consolidated) | ¥10M |
| Net income per employee (consolidated) | ¥6.5M |

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) | 62 | 69 | 82 | 109 | 119 |
| Average salary (parent company) | ¥7.1M | ¥7.2M | ¥7.2M | ¥7.3M | ¥7.4M |
| Average age (parent company) | 37.0 years | 39.3 years | 39.8 years | 38.8 years | 40.9 years |
| Average tenure (parent company) | 1.9 years | 2.8 years | 3.5 years | 3.3 years | 3.7 years |

Year over year: Employees (consolidated) +9.2% · Revenue (consolidated) +6.1%

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 1,127 | 21.5% | S100YB8F |
| Capital expenditure | 274 | 5.2% | S100YB8F |
| Free cash flow | 853 | 16.3% | 算出 |
| Investing cash flow | -239 | -4.6% | S100YB8F |
| Financing cash flow | -348 | -6.6% | S100YB8F |
| Dividends paid | 318 | 6.1% | S100YB8F |
| Share buyback | 46 | 0.9% | S100YB8F |
| Change in cash | 540 | 10.3% | S100YB8F |
| Cash and equivalents | 4,722 | 90.1% | S100YB8F |

## 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 | 3,892 | 4,207 | 4,945 | 4,182 | 4,722 | S100TLSA, S100W1KB, S100YB8F |
| Total assets | 4,968 | 5,301 | 6,301 | 7,017 | 7,465 | S100QY8D, S100TLSA, S100W1KB, S100YB8F |
| Net assets | 4,391 | 4,754 | 5,282 | 5,803 | 6,246 | S100TLSA, S100W1KB, S100YB8F |
| Share capital | 1,250 | 1,259 | 1,261 | 1,263 | 1,271 | S100QY8D, S100TLSA, S100W1KB, S100YB8F |
| Property, plant and equipment | 29 | 26 | 33 | 39 | 114 | S100QY8D, S100TLSA, S100W1KB, S100YB8F |
| Intangible assets excluding goodwill | 400 | 385 | 506 | 1,782 | 1,615 | S100QY8D, S100TLSA, S100W1KB, S100YB8F |
| Goodwill | 136 | 92 | 192 | 1,013 | 874 | S100QY8D, S100TLSA, S100W1KB, S100YB8F |
| Investment securities | — | — | 19 | 19 | 19 | S100W1KB, S100YB8F |
| Current assets | 4,382 | 4,737 | 5,565 | 5,011 | 5,547 | S100QY8D, S100TLSA, S100W1KB, S100YB8F |
| Current liabilities | 563 | 533 | 1,001 | 1,035 | 1,010 | S100QY8D, S100TLSA, S100W1KB, S100YB8F |
| Total liabilities | 577 | 547 | 1,020 | 1,214 | 1,219 | S100QY8D, S100TLSA, S100W1KB, S100YB8F |
| Equity attributable to owners of parent | 4,391 | 4,748 | 5,266 | 5,775 | 6,207 | S100QY8D, S100TLSA, S100W1KB, S100YB8F |
| Retained earnings | 1,974 | 2,313 | 2,827 | 3,333 | 3,794 | S100QY8D, S100TLSA, S100W1KB, S100YB8F |
| Treasury stock | — | — | — | — | -46 | S100YB8F |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 63% | S100YB8F |
| Property, plant and equipment | 2% | S100YB8F |
| Intangibles and goodwill | 33% | S100YB8F |
| Investment securities | 0% | S100YB8F |
| Other assets | 2% | S100YB8F |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 16% | S100YB8F |
| Equity | 84% | S100YB8F |
| Other liabilities | 0% | S100YB8F |

### 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 | 4,968 | 5,301 | 6,301 | 7,017 | 7,465 |
| Equity | 4,391 | 4,754 | 5,282 | 5,803 | 6,246 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 3,892 | 4,207 | 4,945 | 4,182 | 4,722 |

## 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) | 2.2% | S100YB8F |
| Fixed assets ÷ total assets | 1.5% | S100YB8F |
| Goodwill ÷ parent equity | 14.1% | S100YB8F |

Goodwill over 4 years: 136 → 874 JPY; total investing cash flow: -2,524 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) | 63.3% |
| Cash ÷ revenue | 90.1% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 94.7% |
| Cash vs. profit gap | 348 JPY mn (of net income 44.8%) |
| Shareholder returns / net income | 46.7% |
| Shareholder returns / FCF | 42.6% |
| Shareholder payments — dividends / net income | 40.8% |
| Shareholder payments — dividends / FCF | 37.3% |
| CapEx intensity (capex ÷ revenue) | 5.2% |
| Investing CF relative to operating CF | 21.2% |

## 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 | 21.9% | 0.55× | 12.2% | 1.13× | 13.7% | S100QY8D |
| 2023 | 11.3% | 0.59× | 6.6% | 1.12× | 7.4% | S100TLSA |
| 2024 | 17.7% | 0.61× | 10.9% | 1.16× | 12.6% | S100W1KB |
| 2025 | 12.5% | 0.74× | 9.3% | 1.21× | 11.2% | S100YB8F |
| 2026 | 14.9% | 0.72× | 10.8% | 1.21× | 13.0% | S100YB8F |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| ニフティ株式会社 | Major shareholder | 65.3% | 2026-03-31 |
| 木下 圭一郎 | Major shareholder | 3.0% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 1.6% | 2026-03-31 |
| 丸田 稔 | Major shareholder | 1.0% | 2026-03-31 |
| 株式会社白夜書房 | Major shareholder | 0.9% | 2026-03-31 |
| 藪 太一 | Major shareholder | 0.9% | 2026-03-31 |
| ＲＥ ＦＵＮＤ １０７－ＣＬＩＥＮＴ ＡＣ（常任代理人 シティバンク、エヌ・エイ東京支店） | Major shareholder | 0.7% | 2026-03-31 |
| ＣＡＬＬＯＮ ＳＡＭ ＡＮＤＥＲＢＥＲＧ | Major shareholder | 0.5% | 2026-03-31 |
| 成田 隆志 | Major shareholder | 0.5% | 2026-03-31 |
| ＢＢＨ ＬＵＸ／ＢＲＯＷＮ ＢＲＯＴＨＥＲＳ ＨＡＲＲＩＭＡＮ （ＬＵＸＥＭＢＯＵＲＧ） ＳＣＡ ＣＵＳＴＯＤＩＡＮ ＦＯＲ ＳＭＤ－ＡＭ ＦＵＮＤＳ － ＤＳＢＩ ＪＡＰＡＮ ＥＱＵＩＴＹ ＳＭＡＬＬ ＣＡＰ ＡＢＳＯＬＵＴＥ ＶＡＬＵＥ（常任代理人 株式会社三井住友銀行） | Major shareholder | 0.5% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第9期(2025/04/01－2026/03/31) | S100YB8F | 2026-06-12 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YB8F,, |
| 訂正有価証券報告書－第8期(2024/04/01－2025/03/31) | S100W1KB | 2025-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W1KB,, |
| 有価証券報告書－第7期(2023/04/01－2024/03/31) | S100TLSA | 2024-06-13 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TLSA,, |
| 有価証券報告書－第6期(2022/04/01－2023/03/31) | S100QY8D | 2023-06-15 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QY8D,, |
| 有価証券報告書－第5期(令和3年4月1日－令和4年3月31日) | S100O9WK | 2022-06-17 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100O9WK,, |

## 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).