# SiriusVision CO., LTD.: business model and financials

> Latest period: FY ending Dec 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 訂正有価証券報告書－第47期(2025/01/01－2025/12/31) (S100Y0TR)
> Page: https://vizora.meequs.com/en/company/siriusvision
> Retrieved: 2026-09-30T21:33:21.601Z

## Company

SiriusVision, founded in 1966, is a company in Robots & Factory Automation listed on TSE Standard. It has 85 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | SiriusVision CO., LTD. |
| Ticker | 6276 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6276.T) |
| Listing | TSE Standard |
| Head office | 神奈川県横浜市港北区新羽町1189-4 |
| Representative (per filing) | 代表取締役 辻谷 潤一 |
| Founded | Oct 1966 |
| Share capital | ¥100M |
| Employees (consolidated) | 85 |
| Average salary (parent only) | ¥7M |
| Fiscal year end | December |
| Website | siriusvision.co.jp (https://siriusvision.co.jp/) |
| Corporate number | 3120101005362 |
| EDINET | E01675 |
| Industries (Vizora) | Robots & Factory Automation |

> Profile source: annual securities report (S100Y0TR, filed 2026-04-24). As of filing

## Five-axis industry profile

Primary industry: Robots & Factory Automation (2025-12-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 4.4 | 34 |
| Efficiency | 52.9 | 35 |

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)

- SiriusVision brought in ¥2.06B in revenue.
- It lost about ¥7 for every ¥100 of sales at the operating level.
- Revenue changed -10.8% from the prior year.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥2.06B |  |
| Operating income | -¥140.6M | Margin -6.8% |
| Net income | -¥731.2M | Margin -35.4% |
| Free cash flow | -¥214.6M |  |
| Employees (consolidated) | 85 |  |
| EPS | ¥-170.84 |  |
| Book value per share | ¥330.42 |  |
| Equity ratio | 66.2% |  |
| Shares outstanding | 5,722,500 |  |
| Treasury shares | 905,900 |  |
| Shareholders | 4,521 |  |
| Average salary (parent only) | ¥7M | Filing company only |
| Cash ratio | 42.2% | Cash ÷ revenue 52.6% |
| Vs. industry median margin | -18.6 pp | Robots & Factory Automation |
| ROA | -25.3% | Derived from disclosed figures |

## Notable figures

- FY2025, revenue is 0.5× its level five years ago
- FY2025, parent-company salary changed +35% over five years
- FY2025, cash is 42% of total assets

## What changed in 5 years

| Metric | FY ending Dec 2020 | FY ending Dec 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥2691606000 | ¥2064763000 | -23.3% |
| Operating income | ¥-201186000 | ¥-140550000 | — |
| Operating margin | -7.5% | -6.8% | +0.7 pp |
| Employees | 193 people | 85 people | -56.0% |
| Cash and equivalents | ¥1305446000 | ¥1086943000 | -16.7% |

### Change in segment revenue mix

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

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 2,065 | 100.0% | S100Y0TR |
| Cost of revenue | 1,057 | 51.2% | S100Y0TR |
| Gross profit | 1,007 | 48.8% | S100Y0TR |
| SG&A | 1,148 | 55.6% | S100Y0TR |
| Operating income | -141 | -6.8% | S100Y0TR |
| Ordinary income | -127 | -6.1% | S100Y0TR |
| Pretax income | -720 | -34.9% | S100Y0TR |
| Income tax | 8 | 0.4% | S100Y0TR |
| Net income | -728 | -35.3% | S100Y0TR |
| Net income attributable to owners | -731 | -35.4% | S100Y0TR |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 51 |
| SG&A | 56 |
| Operating income | -7 |
| (Ref.) Net income | -35 |

### Margin funnel

Gross margin 48.8% → Operating margin -6.8% → Net margin -35.4%
Derived from reported figures (DERIVED).

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 2,315 | 2,065 | -250 | -10.8% |
| Gross profit | 1,133 | 1,007 | -126 | -11.1% |
| Operating income | -112 | -141 | -28 | — |
| Net income attributable to owners | -163 | -731 | -569 | — |
| Operating cash flow | 241 | 36 | -204 | -84.8% |
| Free cash flow | -113 | -215 | -101 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 4,704 | 22 | 0.5% | -62 | -874 | -929 | S100L0GN |
| FY ending Dec 2020 | 2,692 | -201 | -7.5% | -78 | 224 | 159 | S100NQ6O |
| FY ending Dec 2021 | 4,138 | 4 | 0.1% | 7 | -214 | -442 | S100QFXB |
| FY ending Dec 2022 | 1,729 | -520 | -30.1% | -425 | -545 | -846 | S100T507 |
| FY ending Dec 2023 | 2,287 | 57 | 2.5% | 90 | -106 | -213 | S100VGXU |
| FY ending Dec 2024 | 2,315 | -112 | -4.9% | -163 | 241 | -113 | S100Y0TR |
| FY ending Dec 2025 | 2,065 | -141 | -6.8% | -731 | 36 | -215 | S100Y0TR |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥24.3M |
| Operating income per employee (consolidated) | -¥1.7M |
| Net income per employee (consolidated) | -¥8.6M |

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

| History | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 129 | 124 | 114 | 120 | 85 |
| Average salary (parent company) | ¥5.2M | ¥6.4M | ¥6.7M | ¥7.2M | ¥7M |
| Average age (parent company) | 43.3 years | 45.1 years | 46.8 years | 44.7 years | 44.7 years |
| Average tenure (parent company) | 5.3 years | 7.1 years | 7.4 years | 5.6 years | 7.4 years |

Year over year: Employees (consolidated) -29.2% · Revenue (consolidated) -10.8%

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 36 | 1.8% | S100Y0TR |
| Capital expenditure | 251 | 12.2% | S100Y0TR |
| Free cash flow | -215 | -10.4% | 算出 |
| Investing cash flow | -97 | -4.7% | S100Y0TR |
| Financing cash flow | 130 | 6.3% | S100Y0TR |
| Dividends paid | 48 | 2.3% | S100Y0TR |
| Change in cash | 72 | 3.5% | S100Y0TR |
| Cash and equivalents | 1,087 | 52.6% | S100Y0TR |

## 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 Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 1,843 | 1,248 | 1,083 | 1,015 | 1,087 | S100T507, S100VGXU, S100Y0TR |
| Total assets | 3,961 | 3,112 | 3,356 | 3,194 | 2,576 | S100QFXB, S100T507, S100VGXU, S100Y0TR |
| Net assets | 3,078 | 2,645 | 2,744 | 2,548 | 1,785 | S100T507, S100VGXU, S100Y0TR |
| Share capital | 100 | 100 | 100 | 100 | 100 | S100QFXB, S100T507, S100VGXU, S100Y0TR |
| Trade receivables | 489 | 291 | 674 | 288 | 271 | S100QFXB, S100T507, S100VGXU, S100Y0TR |
| Property, plant and equipment | 317 | 69 | 5 | 156 | 2 | S100QFXB, S100T507, S100VGXU, S100Y0TR |
| Intangible assets excluding goodwill | 233 | 254 | 270 | 279 | 83 | S100QFXB, S100T507, S100VGXU, S100Y0TR |
| Goodwill | 71 | 62 | 53 | 45 | 36 | S100QFXB, S100T507, S100VGXU, S100Y0TR |
| Investment securities | 393 | 393 | 423 | 446 | 332 | S100QFXB, S100T507, S100VGXU, S100Y0TR |
| Current assets | 2,991 | 2,363 | 2,609 | 2,242 | 2,087 | S100QFXB, S100T507, S100VGXU, S100Y0TR |
| Current liabilities | 832 | 431 | 557 | 483 | 628 | S100QFXB, S100T507, S100VGXU, S100Y0TR |
| Trade payables | 280 | 218 | 227 | 176 | 148 | S100QFXB, S100T507, S100VGXU, S100Y0TR |
| Short-term borrowings | 200 | — | — | — | 200 | S100QFXB, S100Y0TR |
| Long-term borrowings | — | — | — | 70 | 50 | S100Y0TR |
| Total liabilities | 884 | 467 | 612 | 646 | 791 | S100QFXB, S100T507, S100VGXU, S100Y0TR |
| Non-controlling interests | 24 | 44 | 56 | 76 | 78 | S100QFXB, S100T507, S100VGXU, S100Y0TR |
| Equity attributable to owners of parent | 2,934 | 2,468 | 2,518 | 2,319 | 1,542 | S100QFXB, S100T507, S100VGXU, S100Y0TR |
| Retained earnings | 1,268 | 795 | 838 | 627 | -152 | S100QFXB, S100T507, S100VGXU, S100Y0TR |
| Treasury stock | -378 | -372 | -366 | -358 | -357 | S100QFXB, S100T507, S100VGXU, S100Y0TR |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 42% | S100Y0TR |
| Receivables | 10% | S100Y0TR |
| Property, plant and equipment | 0% | S100Y0TR |
| Intangibles and goodwill | 5% | S100Y0TR |
| Investment securities | 13% | S100Y0TR |
| Other assets | 30% | S100Y0TR |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 6% | S100Y0TR |
| Other liabilities | 25% | S100Y0TR |
| Equity | 69% | S100Y0TR |
| Other liabilities | 0% | S100Y0TR |

### Balance sheet history

| Metric | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 3,961 | 3,112 | 3,356 | 3,194 | 2,576 |
| Equity | 3,078 | 2,645 | 2,744 | 2,548 | 1,785 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 1,843 | 1,248 | 1,083 | 1,015 | 1,087 |

## 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% | S100Y0TR |
| Fixed assets ÷ total assets | 0.1% | S100Y0TR |
| Goodwill ÷ parent equity | 2.4% | S100Y0TR |

Goodwill over 4 years: 71 → 36 JPY; total investing cash flow: -15 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) | 42.2% |
| Cash ÷ revenue | 52.6% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | 768 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 12.2% |
| Investing CF relative to operating CF | 266.5% |

## 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 | 0.2% | 1.04× | 0.2% | 1.35× | 0.2% | S100QFXB |
| 2022 | — | —× | -12.0% | —× | — | S100T507 |
| 2023 | 4.0% | 0.71× | 2.8% | 1.30× | 3.6% | S100VGXU |
| 2024 | — | —× | -5.0% | —× | — | S100Y0TR |
| 2025 | — | —× | -25.3% | —× | — | S100Y0TR |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社ILホールディングス | Major shareholder | 5.2% | 2025-12-31 |
| 株式会社千代田グラビヤ | Major shareholder | 4.9% | 2025-12-31 |
| GMOクリック証券株式会社 | Major shareholder | 4.5% | 2025-12-31 |
| 板東 俊輔 | Major shareholder | 3.8% | 2025-12-31 |
| シリウスビジョン持株会 | Major shareholder | 3.7% | 2025-12-31 |
| 株式会社日本カストディ銀行(信託E口) | Major shareholder | 3.5% | 2025-12-31 |
| ツジカワ株式会社 | Major shareholder | 3.1% | 2025-12-31 |
| メッシュ株式会社 | Major shareholder | 3.0% | 2025-12-31 |
| 辻谷 潤一 | Major shareholder | 2.4% | 2025-12-31 |
| モルガンスタンレーMUFG証券株式会社 | Major shareholder | 2.4% | 2025-12-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 訂正有価証券報告書－第47期(2025/01/01－2025/12/31) | S100Y0TR | 2026-04-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Y0TR,, |
| 有価証券報告書－第46期(2024/01/01－2024/12/31) | S100VGXU | 2025-03-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VGXU,, |
| 有価証券報告書－第45期(2023/01/01－2023/12/31) | S100T507 | 2024-03-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100T507,, |
| 有価証券報告書－第44期(2022/01/01－2022/12/31) | S100QFXB | 2023-03-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QFXB,, |
| 有価証券報告書－第43期(令和3年1月1日－令和3年12月31日) | S100NQ6O | 2022-03-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100NQ6O,, |
| 有価証券報告書－第42期(令和2年4月1日－令和2年12月31日) | S100L0GN | 2021-03-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100L0GN,, |

## 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).