# PLAT'HOME 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34期(2025/04/01－2026/03/31) (S100YHPG)
> Page: https://vizora.meequs.com/en/company/plat-home
> Retrieved: 2026-09-30T22:10:45.643Z

## Company

Plat'home, founded in 1993, is a company in PCs & Peripherals listed on TSE Standard. It has 39 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | PLAT'HOME CO.,LTD. |
| Ticker | 6836 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6836.T) |
| Listing | TSE Standard |
| Head office | 東京都千代田区九段北四丁目1番3号 |
| Representative (per filing) | 代表取締役社長 鈴木 友康 |
| Founded | Mar 1993 |
| Share capital | ¥100M |
| Employees (consolidated) | 39 |
| Average salary (parent only) | ¥6.5M |
| Fiscal year end | March |
| Website | www.plathome.co.jp (https://www.plathome.co.jp/) |
| Corporate number | 9010001028709 |
| EDINET | E03346 |
| Industries (Vizora) | PCs & Peripherals, Crypto & Blockchain |

> Profile source: annual securities report (S100YHPG, filed 2026-06-25). As of filing

## Five-axis industry profile

Primary industry: PCs & Peripherals (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 32.1 | 14 |
| Cash conversion | 4.5 | 11 |
| Efficiency | 53.6 | 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 97% of Plat'home's sales come from Network segment, with Web3 segment making up much of the rest.
- Out of every ¥100 of sales, about ¥1 is left as operating profit.
- Revenue changed +11.3% from the prior year, and it swung back to an operating profit.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥1.3B |  |
| Operating income | ¥12.6M | Margin 1.0% |
| Net income | ¥22.6M | Margin 1.7% |
| Free cash flow | -¥142.4M |  |
| Largest business | Network segment | of segment revenue 97.3% |
| Employees (consolidated) | 39 |  |
| EPS | ¥5.03 |  |
| Diluted EPS | ¥5.03 |  |
| Book value per share | ¥92.58 |  |
| Equity ratio | 50.8% |  |
| Shares outstanding | 4,785,000 |  |
| Treasury shares | 39,000 |  |
| Shareholders | 2,760 |  |
| Average salary (parent only) | ¥6.5M | Filing company only |
| Cash ratio | 24.7% | Cash ÷ revenue 16.4% |
| Vs. industry median margin | -2.7 pp | PCs & Peripherals |
| ROE | 5.2% | Derived from disclosed figures |
| ROA | 2.6% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 100% of positive segment profit

## What changed in 5 years

Currency or consolidation scope differs; percentage changes are omitted.

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥1233872000 | ¥1298947000 | — |
| Operating income | ¥-119990000 | ¥12628000 | — |
| Operating margin | -9.7% | 1.0% | +10.7 pp |
| Employees | 38 people | 39 people | — |
| Cash and equivalents | ¥318777000 | ¥212706000 | — |

### 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.

| Flow | Revenue share |
| --- | ---: |
| 新設・再編 → ネットワーク事業 | 97.3% |
| 新設・再編 → Ｗｅｂ３事業 | 2.7% |

Segment revenue source references: 2 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 1,299 | 100.0% | S100YHPG |
| Cost of revenue | 737 | 56.7% | S100YHPG |
| Gross profit | 562 | 43.3% | S100YHPG |
| SG&A | 550 | 42.3% | S100YHPG |
| Operating income | 13 | 1.0% | S100YHPG |
| Ordinary income | 27 | 2.0% | S100YHPG |
| Pretax income | 27 | 2.0% | S100YHPG |
| Income tax | 4 | 0.3% | S100YHPG |
| Net income | 23 | 1.7% | S100YHPG |
| Net income attributable to owners | 23 | 1.7% | S100YHPG |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 57 |
| SG&A | 42 |
| Operating income | 1 |
| (Ref.) Net income | 2 |

### Margin funnel

Gross margin 43.3% → Operating margin 1.0% → Net margin 1.7%
Derived from reported figures (DERIVED).

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 1,167 | 1,299 | 132 | +11.3% |
| Gross profit | 465 | 562 | 97 | +20.9% |
| Operating income | -46 | 13 | 59 | — |
| Operating cash flow | 152 | -141 | -292 | -192.8% |
| Free cash flow | 150 | -142 | -292 | -195.1% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 1,118 | -142 | -12.7% | -150 | -114 | -117 | S100LR17 |
| FY ending Mar 2021 | 1,234 | -120 | -9.7% | -125 | -12 | -15 | S100OHF8 |
| FY ending Mar 2022 | 1,220 | -57 | -4.6% | -34 | -104 | -108 | S100R6H3 |
| FY ending Mar 2023 | 995 | -98 | -9.9% | -104 | -179 | -185 | S100TSI0 |
| FY ending Mar 2024 | 999 | -102 | -10.2% | -107 | -63 | -68 | S100W60W |
| FY ending Mar 2025 | 1,167 | -46 | -3.9% | 12 | 152 | 150 | S100W60W |
| FY ending Mar 2026 | 1,299 | 13 | 1.0% | 23 | -141 | -142 | S100YHPG |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥33.3M |
| Operating income per employee (consolidated) | ¥323.8K |
| Net income per employee (consolidated) | ¥580.2K |

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) | 37 | 33 | 32 | 33 | 39 |
| Average salary (parent company) | ¥6.3M | ¥6.2M | ¥6.1M | ¥6.3M | ¥6.5M |
| Average age (parent company) | 48.7 years | 48.6 years | 50.3 years | 50.4 years | 48.6 years |
| Average tenure (parent company) | 12.0 years | 13.0 years | 15.0 years | 13.0 years | 12.0 years |

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Network segment | 1,264 | 97.3% | 261 | 20.6% |
| Web3 segment | 35 | 2.7% | -42 | -119.0% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Network segment | 97.3% | 100.0% | 2.7 | 20.6% |
| Web3 segment | 2.7% | — | — | -119.0% |

Loss-making segment (excluded from profit shares): Web3 segment -42 JPY mn

Segment → industry: Network segment → PCs & Peripherals / Web3 segment → Crypto & Blockchain

## 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 | -141 | -10.8% | S100YHPG |
| Capital expenditure | 2 | 0.1% | S100YHPG |
| Free cash flow | -142 | -11.0% | 算出 |
| Investing cash flow | -2 | -0.2% | S100YHPG |
| Change in cash | -142 | -11.0% | S100YHPG |
| Cash and equivalents | 213 | 16.4% | S100YHPG |

## 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 | 310 | 225 | 159 | 355 | 213 | S100TSI0, S100W60W, S100YHPG |
| Total assets | 755 | 714 | 645 | 725 | 862 | S100R6H3, S100TSI0, S100W60W, S100YHPG |
| Net assets | 468 | 464 | 357 | 417 | 446 | S100TSI0, S100W60W, S100YHPG |
| Share capital | 100 | 100 | 100 | 100 | 100 | S100R6H3, S100TSI0, S100W60W, S100YHPG |
| Property, plant and equipment | — | — | — | — | 1 | S100YHPG |
| Intangible assets excluding goodwill | — | — | — | — | 0 | S100YHPG |
| Investment securities | 1 | 1 | 1 | 1 | 1 | S100R6H3, S100TSI0, S100W60W, S100YHPG |
| Current assets | 706 | 665 | 596 | 676 | 811 | S100R6H3, S100TSI0, S100W60W, S100YHPG |
| Current liabilities | 247 | 214 | 251 | 272 | 379 | S100R6H3, S100TSI0, S100W60W, S100YHPG |
| Total liabilities | 288 | 250 | 289 | 309 | 416 | S100R6H3, S100TSI0, S100W60W, S100YHPG |
| Equity attributable to owners of parent | 468 | 464 | 357 | 415 | 438 | S100R6H3, S100TSI0, S100W60W, S100YHPG |
| Retained earnings | -34 | -137 | -245 | -232 | -210 | S100R6H3, S100TSI0, S100W60W, S100YHPG |
| Treasury stock | -23 | -23 | -23 | -23 | -23 | S100R6H3, S100TSI0, S100W60W, S100YHPG |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 25% | S100YHPG |
| Property, plant and equipment | 0% | S100YHPG |
| Intangibles and goodwill | 0% | S100YHPG |
| Investment securities | 0% | S100YHPG |
| Other assets | 75% | S100YHPG |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 48% | S100YHPG |
| Equity | 52% | S100YHPG |
| Other liabilities | 0% | S100YHPG |

### 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 | 755 | 714 | 645 | 725 | 862 |
| Equity | 468 | 464 | 357 | 417 | 446 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 310 | 225 | 159 | 355 | 213 |

## 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) | 0.1% | S100YHPG |
| Fixed assets ÷ total assets | 0.2% | S100YHPG |
| Goodwill ÷ parent equity | — | —, S100YHPG |

### 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) | 24.7% |
| Cash ÷ revenue | 16.4% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | -1113.8% |
| Cash vs. profit gap | -163 JPY mn (of net income -721.6%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 0.1% |
| Investing CF relative to operating CF | — |

## 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 | — | —× | -4.5% | —× | — | S100R6H3 |
| 2023 | — | —× | -14.1% | —× | — | S100TSI0 |
| 2024 | — | —× | -15.8% | —× | — | S100W60W |
| 2025 | 1.0% | 1.70× | 1.8% | 1.77× | 3.1% | S100W60W |
| 2026 | 1.7% | 1.51× | 2.6% | 1.97× | 5.2% | S100YHPG |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 鈴木 友康 | Major shareholder | 19.8% | 2026-03-31 |
| 本多 基記 | Major shareholder | 7.1% | 2026-03-31 |
| 小寺 弘泰 | Major shareholder | 6.3% | 2026-03-31 |
| 中西 裕介 | Major shareholder | 5.8% | 2026-03-31 |
| 楽天証券株式会社 | Major shareholder | 3.0% | 2026-03-31 |
| 笛吹 美貴 | Major shareholder | 2.1% | 2026-03-31 |
| 陳 梅郁 | Major shareholder | 1.7% | 2026-03-31 |
| 川上 佳洋 | Major shareholder | 1.7% | 2026-03-31 |
| 菅谷 常三郎 | Major shareholder | 1.4% | 2026-03-31 |
| モルガン・スタンレーＭＵＦＧ証券株式会社 | Major shareholder | 1.3% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第34期(2025/04/01－2026/03/31) | S100YHPG | 2026-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YHPG,, |
| 有価証券報告書－第33期(2024/04/01－2025/03/31) | S100W60W | 2025-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W60W,, |
| 有価証券報告書－第32期(2023/04/01－2024/03/31) | S100TSI0 | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TSI0,, |
| 有価証券報告書－第31期(2022/04/01－2023/03/31) | S100R6H3 | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R6H3,, |
| 有価証券報告書－第30期(令和3年4月1日－令和4年3月31日) | S100OHF8 | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OHF8,, |
| 有価証券報告書－第29期(令和2年4月1日－令和3年3月31日) | S100LR17 | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LR17,, |

## 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).