# Sockets Inc.: business model and financials

> Latest period: FY ending Mar 2026, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第26期(2025/04/01－2026/03/31) (S100Y9J8)
> Page: https://vizora.meequs.com/en/company/sockets
> Retrieved: 2026-09-30T21:01:28.522Z

## Company

Sockets, founded in 2000, is a company in Software & SaaS listed on TSE Standard. It has 53 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Sockets Inc. |
| Ticker | 3634 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3634.T) |
| Listing | TSE Standard |
| Head office | 東京都渋谷区恵比寿四丁目20番3号 |
| Representative (per filing) | 代表取締役社長 浦部 浩司 |
| Founded | Jun 2000 |
| Share capital | ¥505.7M |
| Employees (consolidated) | 53 |
| Average salary (parent only) | ¥7M |
| Fiscal year end | March |
| Website | www.sockets.co.jp (https://www.sockets.co.jp/) |
| Corporate number | 8011001061907 |
| EDINET | E22461 |
| Industries (Vizora) | Software & SaaS |

> Profile source: annual securities report (S100Y9J8, filed 2026-06-23). As of filing

## Five-axis industry profile

Primary industry: Software & SaaS (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 11.9 | 105 |
| Profitability | 21.7 | 145 |
| Cash conversion | 87.1 | 128 |
| Efficiency | 79 | 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)

- Sockets brought in ¥1.06B in revenue.
- Out of every ¥100 of sales, about ¥5 is left as operating profit.
- Revenue changed +1.9% from the prior year, and it swung back to an operating profit.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥1060132000 → ¥86594000
- Net income → operating cash flow: ¥86594000 → ¥121564000（difference ¥34970000）
- Main uses of operating cash flow: CapEx ¥38264000 / dividends ¥7350000 / buybacks ¥6994000
- Change in cash: ¥135226000
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 | ¥1.06B |  |
| Operating income | ¥52.4M | Margin 4.9% |
| Net income | ¥86.6M | Margin 8.2% |
| Free cash flow | ¥83.3M |  |
| Employees (consolidated) | 53 |  |
| EPS | ¥35.36 |  |
| Book value per share | ¥242.83 |  |
| Equity ratio | 65.4% |  |
| Shares outstanding | 2,477,400 |  |
| Treasury shares | 34,500 |  |
| Shareholders | 2,510 |  |
| Average salary (parent only) | ¥7M | Filing company only |
| Cash ratio | 66.1% | Cash ÷ revenue 56.6% |
| Vs. industry median margin | -7.5 pp | Software & SaaS |
| ROE | 15.5% | Derived from disclosed figures |
| ROA | 10.1% | Derived from disclosed figures |

## Notable figures

- FY2026, cash is 66% of total assets

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥994295000 | ¥1060132000 | +6.6% |
| Operating income | ¥-15780000 | ¥52441000 | — |
| Operating margin | -1.6% | 4.9% | +6.5 pp |
| Employees | 61 people | 53 people | -13.1% |
| Cash and equivalents | ¥793966000 | ¥600191000 | -24.4% |

### 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, non-consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 1,060 | 100.0% | S100Y9J8 |
| Cost of revenue | 531 | 50.1% | S100Y9J8 |
| Gross profit | 530 | 49.9% | S100Y9J8 |
| SG&A | 477 | 45.0% | S100Y9J8 |
| Operating income | 52 | 4.9% | S100Y9J8 |
| Ordinary income | 55 | 5.2% | S100Y9J8 |
| Pretax income | 63 | 5.9% | S100Y9J8 |
| Income tax | -24 | -2.2% | S100Y9J8 |
| Net income | 87 | 8.2% | S100Y9J8 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 50 |
| SG&A | 45 |
| Operating income | 5 |
| (Ref.) Net income | 8 |

### Margin funnel

Gross margin 49.9% → Operating margin 4.9% → Net margin 8.2%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Turned profitable
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 | 1,040 | 1,060 | 20 | +1.9% |
| Gross profit | 476 | 530 | 54 | +11.3% |
| Operating income | -77 | 52 | 129 | — |
| Operating cash flow | -152 | 122 | 273 | — |
| Free cash flow | -162 | 83 | 245 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 1,228 | 21 | 1.7% | 17 | 126 | 86 | S100LEXJ |
| FY ending Mar 2021 | 994 | -16 | -1.6% | -51 | 57 | 36 | S100NXYB |
| FY ending Mar 2022 | 873 | -102 | -11.7% | -150 | -14 | -24 | S100QXI6 |
| FY ending Mar 2023 | 995 | -30 | -3.0% | -27 | -45 | -56 | S100TEEH |
| FY ending Mar 2024 | 1,019 | -79 | -7.8% | -100 | -15 | -16 | S100W18O |
| FY ending Mar 2025 | 1,040 | -77 | -7.4% | -139 | -152 | -162 | S100Y9J8 |
| FY ending Mar 2026 | 1,060 | 52 | 4.9% | 87 | 122 | 83 | S100Y9J8 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥20M |
| Operating income per employee (consolidated) | ¥989.5K |
| Net income per employee (consolidated) | ¥1.6M |

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) | 61 | 63 | 61 | 57 | 53 |
| Average salary (parent company) | ¥6.8M | ¥6.6M | ¥6.7M | ¥6.6M | ¥7M |
| Average age (parent company) | 42.2 years | 41.7 years | 41.9 years | 42.1 years | 42.7 years |
| Average tenure (parent company) | 6.3 years | 6.6 years | 7.3 years | 7.8 years | 9.0 years |

Year over year: Employees (consolidated) -7.0% · Revenue (consolidated) +1.9%

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 122 | 11.5% | S100Y9J8 |
| Capital expenditure | 38 | 3.6% | S100Y9J8 |
| Free cash flow | 83 | 7.9% | 算出 |
| Investing cash flow | 28 | 2.6% | S100Y9J8 |
| Financing cash flow | -14 | -1.4% | S100Y9J8 |
| Dividends paid | 7 | 0.7% | S100Y9J8 |
| Share buyback | 7 | 0.7% | S100Y9J8 |
| Change in cash | 135 | 12.8% | S100Y9J8 |
| Cash and equivalents | 600 | 56.6% | S100Y9J8 |

## 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 | 788 | 723 | 679 | 465 | 600 | S100TEEH, S100W18O, S100Y9J8 |
| Total assets | 1,055 | 1,037 | 971 | 815 | 908 | S100QXI6, S100TEEH, S100W18O, S100Y9J8 |
| Net assets | 855 | 813 | 706 | 552 | 620 | S100TEEH, S100W18O, S100Y9J8 |
| Share capital | 506 | 506 | 506 | 506 | 506 | S100QXI6, S100TEEH, S100W18O, S100Y9J8 |
| Property, plant and equipment | 0 | 0 | 0 | 0 | 31 | S100QXI6, S100TEEH, S100W18O, S100Y9J8 |
| Intangible assets excluding goodwill | 0 | 0 | 0 | 0 | 3 | S100QXI6, S100TEEH, S100W18O, S100Y9J8 |
| Investment securities | 12 | 12 | 12 | 12 | 12 | S100QXI6, S100TEEH, S100W18O, S100Y9J8 |
| Current assets | 965 | 949 | 885 | 697 | 786 | S100QXI6, S100TEEH, S100W18O, S100Y9J8 |
| Current liabilities | 111 | 127 | 156 | 143 | 158 | S100QXI6, S100TEEH, S100W18O, S100Y9J8 |
| Total liabilities | 200 | 224 | 265 | 262 | 288 | S100QXI6, S100TEEH, S100W18O, S100Y9J8 |
| Equity attributable to owners of parent | 809 | 775 | 667 | 521 | 593 | S100QXI6, S100TEEH, S100W18O, S100Y9J8 |
| Retained earnings | -68 | -27 | -100 | -139 | 87 | S100QXI6, S100TEEH, S100W18O, S100Y9J8 |
| Treasury stock | -32 | -32 | -32 | -32 | -39 | S100QXI6, S100TEEH, S100W18O, S100Y9J8 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 66% | S100Y9J8 |
| Property, plant and equipment | 4% | S100Y9J8 |
| Intangibles and goodwill | 0% | S100Y9J8 |
| Investment securities | 1% | S100Y9J8 |
| Other assets | 29% | S100Y9J8 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 32% | S100Y9J8 |
| Equity | 68% | S100Y9J8 |

### 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 | 1,055 | 1,037 | 971 | 815 | 908 |
| Equity | 855 | 813 | 706 | 552 | 620 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 788 | 723 | 679 | 465 | 600 |

## 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) | 2.9% | S100Y9J8 |
| Fixed assets ÷ total assets | 3.4% | S100Y9J8 |
| Goodwill ÷ parent equity | — | —, S100Y9J8 |

### 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) | 66.1% |
| Cash ÷ revenue | 56.6% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 231.8% |
| Cash vs. profit gap | 35 JPY mn (of net income 40.4%) |
| Shareholder returns / net income | 16.6% |
| Shareholder returns / FCF | 17.2% |
| Shareholder payments — dividends / net income | 8.5% |
| Shareholder payments — dividends / FCF | 8.8% |
| CapEx intensity (capex ÷ revenue) | 3.6% |
| Investing CF relative to operating CF | 23.0% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | — | —× | -14.2% | —× | — | S100QXI6 |
| 2023 | — | —× | -2.6% | —× | — | S100TEEH |
| 2024 | — | —× | -10.0% | —× | — | S100W18O |
| 2025 | — | —× | -15.6% | —× | — | S100Y9J8 |
| 2026 | 8.2% | 1.23× | 10.1% | 1.55× | 15.5% | S100Y9J8 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 浦部 浩司 | Major shareholder | 24.0% | 2026-03-31 |
| カルチュア・コンビニエンス・クラブ株式会社 | Major shareholder | 9.8% | 2026-03-31 |
| 株式会社フェイス | Major shareholder | 5.9% | 2026-03-31 |
| 水元 公仁 | Major shareholder | 2.9% | 2026-03-31 |
| ＫＤＤＩ株式会社 | Major shareholder | 2.7% | 2026-03-31 |
| 株式会社ＳＢＩ証券 | Major shareholder | 2.4% | 2026-03-31 |
| 芳林 知仁 | Major shareholder | 2.3% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 2.2% | 2026-03-31 |
| MSIP CLIENT SECURITIES （常任代理人 モルガン・スタンレーMUFG証券株式会社） | Major shareholder | 1.9% | 2026-03-31 |
| 松村 隆彦 | Major shareholder | 1.8% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第26期(2025/04/01－2026/03/31) | S100Y9J8 | 2026-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Y9J8,, |
| 有価証券報告書－第25期(2024/04/01－2025/03/31) | S100W18O | 2025-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W18O,, |
| 有価証券報告書－第24期(2023/04/01－2024/03/31) | S100TEEH | 2024-06-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TEEH,, |
| 有価証券報告書－第23期(2022/04/01－2023/03/31) | S100QXI6 | 2023-06-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QXI6,, |
| 有価証券報告書－第22期(令和3年4月1日－令和4年3月31日) | S100NXYB | 2022-06-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100NXYB,, |
| 有価証券報告書－第21期(令和2年4月1日－令和3年3月31日) | S100LEXJ | 2021-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LEXJ,, |

## 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).