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

> Latest period: FY ending Aug 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第18期(2024/09/01－2025/08/31) (S100X6Y2)
> Page: https://vizora.meequs.com/en/company/prodelight
> Retrieved: 2026-09-30T20:23:56.460Z

## Company

Prodelight, founded in 2008, is a company in Broadband & ISPs listed on TSE Growth. It has 140 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Prodelight Co.,Ltd. |
| Ticker | 5580 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/5580.T) |
| Listing | TSE Growth |
| Head office | 大阪市中央区高麗橋三丁目3番11号淀屋橋フレックスタワー2階 |
| Representative (per filing) | 代表取締役社長 小南 秀光 |
| Founded | Jun 2008 |
| Share capital | ¥263.5M |
| Employees (consolidated) | 140 |
| Average salary (parent only) | ¥5.3M |
| Fiscal year end | August |
| Website | prodelight.co.jp (https://prodelight.co.jp/) |
| Corporate number | 1120001146779 |
| EDINET | E38641 |
| Industries (Vizora) | Broadband & ISPs, Software & SaaS, Plant Engineering & Building Services |

> Profile source: annual securities report (S100X6Y2, filed 2025-11-27). As of filing

## Five-axis industry profile

Primary industry: Software & SaaS (2025-08-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 27.9 | 145 |
| Cash conversion | 2 | 128 |
| Efficiency | 96.2 | 145 |

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 84% of Prodelight's sales come from UCaaS Solutions, with Construction of mobile phone stations and Commision making up much of the rest.
- Out of every ¥100 of sales, about ¥6 is left as operating profit.
- Revenue changed +29.0% from the prior year, operating profit -6.4%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥2.83B |  |
| Operating income | ¥178.6M | Margin 6.3% |
| Net income | ¥118.9M | Margin 4.2% |
| Free cash flow | -¥125.3M |  |
| Largest business | UCaaS Solutions | of segment revenue 84.1% |
| Employees (consolidated) | 140 |  |
| EPS | ¥89.7 |  |
| Diluted EPS | ¥87.5 |  |
| Book value per share | ¥585.64 |  |
| Equity ratio | 55.8% |  |
| Shares outstanding | 1,682,900 |  |
| Shareholders | 1,355 |  |
| Average salary (parent only) | ¥5.3M | Filing company only |
| Cash ratio | 32.1% | Cash ÷ revenue 19.4% |
| Vs. industry median margin | -6.1 pp | Software & SaaS |
| ROE | 12.5% | Derived from disclosed figures |
| ROA | 6.9% | Derived from disclosed figures |

## Notable figures

- FY2025, one segment accounts for 96% of positive segment profit
- FY2025, cash is 32% of total assets

## What changed in 3 years

Currency or consolidation scope differs; percentage changes are omitted.

| Metric | FY ending Aug 2022 | FY ending Aug 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥1777101000 | ¥2834772000 | — |
| Operating income | ¥110689000 | ¥178604000 | — |
| Operating margin | 6.2% | 6.3% | +0.1 pp |
| Employees | 95 people | 140 people | — |
| Cash and equivalents | ¥244226000 | ¥550536000 | — |

### Change in segment revenue mix

Span: FY ending Aug 2022 → FY ending Aug 2025. 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 → 音声ソリューション事業 | 84.1% |
| 新設・再編 → 移動通信設備事業 | 12.1% |
| 新設・再編 → 取次販売事業 | 3.8% |

Segment revenue source references: 3 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| UCaaS Solutions | — | — | ¥2382936000 | 27.3% | 2 |
| Construction of mobile phone stations | — | — | ¥343132000 | 8.2% | 2 |
| Commision | — | — | ¥108703000 | 0.4% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 2,835 | 100.0% | S100X6Y2 |
| Cost of revenue | 1,461 | 51.6% | S100X6Y2 |
| Gross profit | 1,373 | 48.4% | S100X6Y2 |
| SG&A | 1,195 | 42.1% | S100X6Y2 |
| Operating income | 179 | 6.3% | S100X6Y2 |
| Ordinary income | 176 | 6.2% | S100X6Y2 |
| Pretax income | 175 | 6.2% | S100X6Y2 |
| Income tax | 56 | 2.0% | S100X6Y2 |
| Net income | 119 | 4.2% | S100X6Y2 |
| Net income attributable to owners | 119 | 4.2% | S100X6Y2 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 52 |
| SG&A | 42 |
| Operating income | 6 |
| (Ref.) Net income | 4 |

### Margin funnel

Gross margin 48.4% → Operating margin 6.3% → Net margin 4.2%
Derived from reported figures (DERIVED).

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 2,197 | 2,835 | 638 | +29.0% |
| Gross profit | 1,050 | 1,373 | 323 | +30.7% |
| Operating income | 191 | 179 | -12 | -6.4% |
| Operating cash flow | 166 | -76 | -242 | -146.0% |
| Free cash flow | 131 | -125 | -256 | -195.8% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Aug 2022 | 1,777 | 111 | 6.2% | 82 | 89 | 75 | S100SDE6 |
| FY ending Aug 2023 | 2,008 | 129 | 6.4% | 91 | 148 | 107 | S100UULS |
| FY ending Aug 2024 | 2,197 | 191 | 8.7% | 148 | 166 | 131 | S100UULS |
| FY ending Aug 2025 | 2,835 | 179 | 6.3% | 119 | -76 | -125 | S100X6Y2 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥20.2M |
| Operating income per employee (consolidated) | ¥1.3M |
| Net income per employee (consolidated) | ¥849.4K |

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

| History | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
| --- | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 95 | 97 | 97 | 140 |
| Average salary (parent company) | — | ¥5M | ¥5.3M | ¥5.3M |
| Average age (parent company) | — | 38.6 years | 39.5 years | 40.2 years |
| Average tenure (parent company) | — | 4.4 years | 5.2 years | 5.7 years |

## Segments（FY ending Aug 2025, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| UCaaS Solutions | 2,383 | 84.1% | 650 | 27.3% |
| Construction of mobile phone stations | 343 | 12.1% | 28 | 8.2% |
| Commision | 109 | 3.8% | 0 | 0.4% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| UCaaS Solutions | 84.1% | 95.8% | 11.7 | 27.3% |
| Construction of mobile phone stations | 12.1% | 4.1% | -8.0 | 8.2% |
| Commision | 3.8% | 0.1% | -3.8 | 0.4% |

Segment → industry: Commision → Broadband & ISPs / UCaaS Solutions → Software & SaaS / Construction of mobile phone stations → Plant Engineering & Building Services

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -76 | -2.7% | S100X6Y2 |
| Capital expenditure | 49 | 1.7% | S100X6Y2 |
| Free cash flow | -125 | -4.4% | 算出 |
| Investing cash flow | -40 | -1.4% | S100X6Y2 |
| Financing cash flow | 203 | 7.2% | S100X6Y2 |
| Change in cash | 87 | 3.1% | S100X6Y2 |
| Cash and equivalents | 551 | 19.4% | S100X6Y2 |

## 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 Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 244 | 485 | 463 | 551 | S100UULS, S100X6Y2 |
| Total assets | 864 | 1,162 | 1,209 | 1,713 | S100SDE6, S100UULS, S100X6Y2 |
| Net assets | 269 | 653 | 803 | 955 | S100UULS, S100X6Y2 |
| Share capital | 99 | 246 | 247 | 264 | S100SDE6, S100UULS, S100X6Y2 |
| Property, plant and equipment | 39 | 43 | 38 | 38 | S100SDE6, S100UULS, S100X6Y2 |
| Intangible assets excluding goodwill | 59 | 72 | 83 | 280 | S100SDE6, S100UULS, S100X6Y2 |
| Goodwill | 2 | — | — | 179 | S100SDE6, S100X6Y2 |
| Current assets | 693 | 985 | 1,018 | 1,293 | S100SDE6, S100UULS, S100X6Y2 |
| Current liabilities | 324 | 351 | 350 | 618 | S100SDE6, S100UULS, S100X6Y2 |
| Short-term borrowings | 15 | 15 | 15 | 150 | S100SDE6, S100UULS, S100X6Y2 |
| Long-term borrowings | 224 | 120 | 18 | 66 | S100SDE6, S100UULS, S100X6Y2 |
| Bonds | 10 | — | — | — | S100SDE6 |
| Interest-bearing debt | 249 | — | — | — | 算出 |
| Total liabilities | 595 | 509 | 406 | 758 | S100SDE6, S100UULS, S100X6Y2 |
| Equity attributable to owners of parent | 269 | 653 | 803 | 955 | S100SDE6, S100UULS, S100X6Y2 |
| Retained earnings | 80 | 171 | 319 | 438 | S100SDE6, S100UULS, S100X6Y2 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 32% | S100X6Y2 |
| Property, plant and equipment | 2% | S100X6Y2 |
| Intangibles and goodwill | 27% | S100X6Y2 |
| Other assets | 39% | S100X6Y2 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 44% | S100X6Y2 |
| Equity | 56% | S100X6Y2 |
| Other liabilities | 0% | S100X6Y2 |

### Balance sheet history

| Metric | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
| --- | ---: | ---: | ---: | ---: |
| Total assets | 864 | 1,162 | 1,209 | 1,713 |
| Equity | 269 | 653 | 803 | 955 |
| Interest-bearing debt | 249 | — | — | — |
| Cash | 244 | 485 | 463 | 551 |

## 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) | 1.3% | S100X6Y2 |
| Fixed assets ÷ total assets | 2.2% | S100X6Y2 |
| Goodwill ÷ parent equity | 18.7% | S100X6Y2 |

### 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) | 32.1% |
| Cash ÷ revenue | 19.4% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | -42.6% |
| Cash vs. profit gap | -195 JPY mn (of net income -164.0%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 1.7% |
| 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 | 4.6% | 2.06× | 9.5% | 3.21× | 30.4% | S100SDE6 |
| 2023 | 4.5% | 1.98× | 8.9% | 2.20× | 19.7% | S100UULS |
| 2024 | 6.7% | 1.85× | 12.5% | 1.63× | 20.4% | S100UULS |
| 2025 | 4.2% | 1.65× | 6.9% | 1.79× | 12.5% | S100X6Y2 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 小南秀光 | Major shareholder | 35.6% | 2025-08-31 |
| 川田友也 | Major shareholder | 11.9% | 2025-08-31 |
| 株式会社Wiz | Major shareholder | 9.8% | 2025-08-31 |
| 日本ビジネスシステムズ株式会社 | Major shareholder | 5.9% | 2025-08-31 |
| 株式会社Ｃ・Ｓ・Ｒ | Major shareholder | 1.2% | 2025-08-31 |
| プロディライト従業員持株会 | Major shareholder | 1.2% | 2025-08-31 |
| Ｊ．Ｐ．ＭＯＲＧＡＮ ＳＥＣＵＲＩＴＩＥＳ ＰＬＣ （常任代理人ＪＰモルガン証券株式会社） | Major shareholder | 0.6% | 2025-08-31 |
| 河井裕也 | Major shareholder | 0.6% | 2025-08-31 |
| 渡辺武人 | Major shareholder | 0.6% | 2025-08-31 |
| 福田賢一 | Major shareholder | 0.6% | 2025-08-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第18期(2024/09/01－2025/08/31) | S100X6Y2 | 2025-11-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100X6Y2,, |
| 有価証券報告書－第17期(2023/09/01－2024/08/31) | S100UULS | 2024-11-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UULS,, |
| 有価証券報告書－第16期(2022/09/01－2023/08/31) | S100SDE6 | 2023-11-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100SDE6,, |

## 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).