# Platz Co.,Ltd.: business model and financials

> Latest period: FY ending Jun 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第33期(2024/07/01－2025/06/30) (S100WLVW)
> Page: https://vizora.meequs.com/en/company/platz
> Retrieved: 2026-09-30T19:05:57.822Z

## Company

Platz, founded in 1992, is a company in Medical Devices listed on TSE Standard. It has 149 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | PLATZ Co.,Ltd. |
| Ticker | 7813 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7813.T) |
| Listing | TSE Standard |
| Head office | 福岡県大野城市仲畑二丁目3番17号 |
| Representative (per filing) | 代表取締役社長 河内谷 忠弘 |
| Founded | Jul 1992 |
| Share capital | ¥582.1M |
| Employees (consolidated) | 149 |
| Average salary (parent only) | ¥6.3M |
| Fiscal year end | June |
| Website | www.platz-ltd.co.jp (https://www.platz-ltd.co.jp/) |
| Corporate number | 9290001041576 |
| EDINET | E31344 |
| Industries (Vizora) | Medical Devices |

> Profile source: annual securities report (S100WLVW, filed 2025-09-26). As of filing

## Five-axis industry profile

Primary industry: Medical Devices (2025-06-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 51.3 | 38 |
| Profitability | 6.4 | 39 |
| Cash conversion | 69.7 | 38 |
| Efficiency | 96.2 | 39 |

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)

- Platz brought in ¥8.42B in revenue.
- Out of every ¥100 of sales, about ¥2 is left as operating profit.
- Revenue changed +31.9% from the prior year, operating profit +389.4%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥8422729000 → ¥192979000
- Net income → operating cash flow: ¥192979000 → ¥218959000（difference ¥25980000）
- Main uses of operating cash flow: CapEx ¥215601000 / dividends ¥52093000 / buybacks ¥125394000
- Change in cash: ¥-330092000
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 | ¥8.42B |  |
| Operating income | ¥183.5M | Margin 2.2% |
| Net income | ¥193M | Margin 2.3% |
| Free cash flow | ¥3.4M |  |
| Employees (consolidated) | 149 |  |
| EPS | ¥27.26 |  |
| Book value per share | ¥844.38 |  |
| Equity ratio | 49.5% |  |
| Shares outstanding | 3,726,000 |  |
| Treasury shares | 175,100 |  |
| Shareholders | 3,725 |  |
| Average salary (parent only) | ¥6.3M | Filing company only |
| Cash ratio | 27.6% | Cash ÷ revenue 20.5% |
| Vs. industry median margin | -8.9 pp | Medical Devices |
| ROE | 6.2% | Derived from disclosed figures |
| ROA | 3.1% | Derived from disclosed figures |

## Notable figures

- FY2025, buybacks were 2.4× dividends
- FY2025, cash is 28% of total assets

## What changed in 5 years

| Metric | FY ending Jun 2020 | FY ending Jun 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥6098321000 | ¥8422729000 | +38.1% |
| Operating income | ¥559182000 | ¥183480000 | -67.2% |
| Operating margin | 9.2% | 2.2% | -7 pp |
| Employees | 108 people | 149 people | +38.0% |
| Cash and equivalents | ¥1509410000 | ¥1725840000 | +14.3% |

### Change in segment revenue mix

Span: FY ending Jun 2020 → FY ending Jun 2025. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 医療介護用電動ベッド事業 → 事業再編・廃止 | 99.9% |
| フィットネス事業 → 事業再編・廃止 | 0.1% |

Segment revenue source references: 2 (derived)

## Income statement（FY ending Jun 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 8,423 | 100.0% | S100WLVW |
| Cost of revenue | 5,902 | 70.1% | S100WLVW |
| Gross profit | 2,521 | 29.9% | S100WLVW |
| SG&A | 2,337 | 27.8% | S100WLVW |
| Operating income | 183 | 2.2% | S100WLVW |
| Ordinary income | 240 | 2.8% | S100WLVW |
| Pretax income | 243 | 2.9% | S100WLVW |
| Income tax | 50 | 0.6% | S100WLVW |
| Net income | 193 | 2.3% | S100WLVW |
| Net income attributable to owners | 193 | 2.3% | S100WLVW |

## Per ¥100 of revenue（FY ending Jun 2025）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 70 |
| SG&A | 28 |
| Operating income | 2 |
| (Ref.) Net income | 2 |

### Margin funnel

Gross margin 29.9% → Operating margin 2.2% → Net margin 2.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +31.9%; Core profit growth: +389.4%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 12.22×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Jun 2024 → FY ending Jun 2025、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 6,387 | 8,423 | 2,035 | +31.9% |
| Gross profit | 1,896 | 2,521 | 625 | +33.0% |
| Operating income | 37 | 183 | 146 | +389.4% |
| Net income attributable to owners | 66 | 193 | 127 | +193.8% |
| Operating cash flow | 392 | 219 | -173 | -44.2% |
| Free cash flow | 363 | 3 | -360 | -99.1% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jun 2019 | 5,941 | 236 | 4.0% | 292 | 211 | 100 | S100JNKI |
| FY ending Jun 2020 | 6,098 | 559 | 9.2% | 508 | 802 | 771 | S100MC1C |
| FY ending Jun 2021 | 7,040 | 725 | 10.3% | 306 | -2 | -34 | S100P845 |
| FY ending Jun 2022 | 6,379 | 101 | 1.6% | 264 | -103 | -288 | S100RK6R |
| FY ending Jun 2023 | 6,313 | -109 | -1.7% | 222 | 417 | 357 | S100UG87 |
| FY ending Jun 2024 | 6,387 | 37 | 0.6% | 66 | 392 | 363 | S100WLVW |
| FY ending Jun 2025 | 8,423 | 183 | 2.2% | 193 | 219 | 3 | S100WLVW |

## People and productivity（FY ending Jun 2025, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥56.5M |
| Operating income per employee (consolidated) | ¥1.2M |
| Net income per employee (consolidated) | ¥1.3M |

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

| History | FY ending Jun 2021 | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 106 | 110 | 106 | 140 | 149 |
| Average salary (parent company) | ¥5.4M | ¥5.7M | ¥5.5M | ¥5.6M | ¥6.3M |
| Average age (parent company) | 38.0 years | 39.1 years | 39.8 years | 40.0 years | 39.6 years |
| Average tenure (parent company) | 8.0 years | 8.3 years | 9.2 years | 9.6 years | 8.1 years |

Year over year: Employees (consolidated) +6.4% · Revenue (consolidated) +31.9%

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Jun 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 219 | 2.6% | S100WLVW |
| Capital expenditure | 216 | 2.6% | S100WLVW |
| Free cash flow | 3 | 0.0% | 算出 |
| Investing cash flow | -401 | -4.8% | S100WLVW |
| Financing cash flow | -147 | -1.7% | S100WLVW |
| Dividends paid | 52 | 0.6% | S100WLVW |
| Share buyback | 125 | 1.5% | S100WLVW |
| Change in cash | -330 | -3.9% | S100WLVW |
| Cash and equivalents | 1,726 | 20.5% | S100WLVW |

## 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 Jun 2021 | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 1,544 | 1,456 | 1,998 | 2,056 | 1,726 | S100RK6R, S100UG87, S100WLVW |
| Total assets | 6,213 | 6,468 | 6,026 | 6,275 | 6,249 | S100P845, S100RK6R, S100UG87, S100WLVW |
| Net assets | 2,744 | 2,974 | 3,145 | 3,195 | 3,096 | S100RK6R, S100UG87, S100WLVW |
| Share capital | 582 | 582 | 582 | 582 | 582 | S100P845, S100RK6R, S100UG87, S100WLVW |
| Trade receivables | 1,044 | 949 | 1,074 | 1,173 | — | S100P845, S100RK6R, S100UG87 |
| Property, plant and equipment | 362 | 431 | 415 | 448 | 562 | S100P845, S100RK6R, S100UG87, S100WLVW |
| Intangible assets excluding goodwill | 20 | 14 | 10 | 325 | 273 | S100P845, S100RK6R, S100UG87, S100WLVW |
| Goodwill | — | — | — | 136 | 109 | S100WLVW |
| Investment securities | 847 | 1,003 | 936 | 1,058 | 1,166 | S100P845, S100RK6R, S100UG87, S100WLVW |
| Current assets | 3,980 | 3,998 | 4,078 | 4,340 | 4,123 | S100P845, S100RK6R, S100UG87, S100WLVW |
| Current liabilities | 1,726 | 1,839 | 1,498 | 1,706 | 1,777 | S100P845, S100RK6R, S100UG87, S100WLVW |
| Short-term borrowings | 950 | 1,250 | 800 | 800 | 800 | S100P845, S100RK6R, S100UG87, S100WLVW |
| Long-term borrowings | 868 | 686 | 897 | 776 | 772 | S100P845, S100RK6R, S100UG87, S100WLVW |
| Total liabilities | 3,470 | 3,494 | 2,881 | 3,080 | 3,154 | S100P845, S100RK6R, S100UG87, S100WLVW |
| Equity attributable to owners of parent | 2,773 | 2,926 | 3,094 | 3,112 | 3,133 | S100P845, S100RK6R, S100UG87, S100WLVW |
| Retained earnings | 2,184 | 2,330 | 2,480 | 2,487 | 2,621 | S100P845, S100RK6R, S100UG87, S100WLVW |
| Treasury stock | -300 | -288 | -276 | -265 | -378 | S100P845, S100RK6R, S100UG87, S100WLVW |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 27% | S100WLVW |
| Property, plant and equipment | 9% | S100WLVW |
| Intangibles and goodwill | 6% | S100WLVW |
| Investment securities | 19% | S100WLVW |
| Other assets | 39% | S100WLVW |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 50% | S100WLVW |
| Equity | 50% | S100WLVW |

### Balance sheet history

| Metric | FY ending Jun 2021 | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 6,213 | 6,468 | 6,026 | 6,275 | 6,249 |
| Equity | 2,744 | 2,974 | 3,145 | 3,195 | 3,096 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 1,544 | 1,456 | 1,998 | 2,056 | 1,726 |

## 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) | 6.7% | S100WLVW |
| Fixed assets ÷ total assets | 9.0% | S100WLVW |
| Goodwill ÷ parent equity | 3.5% | S100WLVW |

### 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) | 27.6% |
| Cash ÷ revenue | 20.5% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 119.3% |
| Cash vs. profit gap | 26 JPY mn (of net income 13.5%) |
| Shareholder returns / net income | 92.0% |
| Shareholder returns / FCF | 5285.5% |
| Shareholder payments — dividends / net income | 27.0% |
| Shareholder payments — dividends / FCF | 1551.3% |
| CapEx intensity (capex ÷ revenue) | 2.6% |
| Investing CF relative to operating CF | 183.0% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2021 | 4.3% | 1.13× | 4.9% | 2.24× | 11.0% | S100P845 |
| 2022 | 4.1% | 1.01× | 4.2% | 2.23× | 9.3% | S100RK6R |
| 2023 | 3.5% | 1.01× | 3.6% | 2.08× | 7.4% | S100UG87 |
| 2024 | 1.0% | 1.04× | 1.1% | 1.98× | 2.1% | S100WLVW |
| 2025 | 2.3% | 1.35× | 3.1% | 2.01× | 6.2% | S100WLVW |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社ＥＫＳ | Major shareholder | 15.5% | 2025-06-30 |
| Vietnam Precision Industrial CO.,LTD. （常任代理人 株式会社プラッツ） | Major shareholder | 8.0% | 2025-06-30 |
| 株式会社日本カストディ銀行（信託E口） | Major shareholder | 4.8% | 2025-06-30 |
| 株式会社福岡銀行 | Major shareholder | 3.4% | 2025-06-30 |
| プラッツ従業員持株会 | Major shareholder | 3.1% | 2025-06-30 |
| 福山明利 | Major shareholder | 3.0% | 2025-06-30 |
| 福山恵美子 | Major shareholder | 2.5% | 2025-06-30 |
| 株式会社幸和製作所 | Major shareholder | 1.9% | 2025-06-30 |
| 城雅宏 | Major shareholder | 1.7% | 2025-06-30 |
| 株式会社筑邦銀行 | Major shareholder | 1.7% | 2025-06-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第33期(2024/07/01－2025/06/30) | S100WLVW | 2025-09-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WLVW,, |
| 有価証券報告書－第32期(2023/07/01－2024/06/30) | S100UG87 | 2024-09-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UG87,, |
| 有価証券報告書－第31期(2022/07/01－2023/06/30) | S100RK6R | 2023-09-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RK6R,, |
| 有価証券報告書－第30期(令和3年7月1日－令和4年6月30日) | S100P845 | 2022-09-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100P845,, |
| 有価証券報告書－第29期(令和2年7月1日－令和3年6月30日) | S100MC1C | 2021-09-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MC1C,, |
| 有価証券報告書－第28期(令和1年7月1日－令和2年6月30日) | S100JNKI | 2020-09-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100JNKI,, |

## 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).