# SOFTCREATE HOLDINGS CORP.: 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59期(2025/04/01－2026/03/31) (S100YF8C)
> Page: https://vizora.meequs.com/en/company/softcreate-holdings
> Retrieved: 2026-09-30T20:59:53.084Z

## Company

Softcreate Holdings, founded in 1969, is a company in Cybersecurity listed on TSE Prime. It has 1,230 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | SOFTCREATE HOLDINGS CORP. |
| Ticker | 3371 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3371.T) |
| Listing | TSE Prime |
| Head office | 東京都渋谷区渋谷二丁目15番1号 |
| Representative (per filing) | 代表取締役会長 林勝 |
| Founded | Aug 1969 |
| Share capital | ¥854.1M |
| Employees (consolidated) | 1,230 |
| Average salary (parent only) | ¥6.9M |
| Fiscal year end | March |
| Website | www.softcreate-holdings.co.jp (https://www.softcreate-holdings.co.jp/) |
| Corporate number | 8011001012950 |
| EDINET | E05485 |
| Industries (Vizora) | Cybersecurity, IT Services & System Integration, Software & SaaS |

> Profile source: annual securities report (S100YF8C, filed 2026-06-19). As of filing

## Five-axis industry profile

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

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 36.7 | 105 |
| Profitability | 68.6 | 145 |
| Cash conversion | 39.5 | 128 |
| Efficiency | 50 | 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 53% of Softcreate Holdings's sales come from Ec solution business, with It solution business making up much of the rest.
- Out of every ¥100 of sales, about ¥18 is left as operating profit.
- Revenue changed +11.1% from the prior year, operating profit +12.9%.

## Company structure

- Segment revenue mix: Ec solution business 52.6%、It solution business 47.4%
- Revenue → net income: ¥34391392000 → ¥4652700000
- Net income → operating cash flow: ¥4652700000 → ¥5542135000（difference ¥889435000）
- Main uses of operating cash flow: CapEx ¥1859560000 / dividends ¥1455047000 / buybacks ¥169000
- Change in cash: ¥-724481000
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 | ¥34.4B |  |
| Operating income | ¥6.21B | Margin 18.1% |
| Net income | ¥4.17B | Margin 12.1% |
| Free cash flow | ¥3.68B |  |
| Largest business | Ec solution business | of segment revenue 52.6% |
| Employees (consolidated) | 1,230 |  |
| EPS | ¥85.54 |  |
| Diluted EPS | ¥83.3 |  |
| Book value per share | ¥489.67 |  |
| Equity ratio | 59.7% |  |
| Shares outstanding | 27,550,278 |  |
| Treasury shares | 2,211,300 |  |
| Shareholders | 6,338 |  |
| Average salary (parent only) | ¥6.9M | Filing company only |
| Cash ratio | 33.8% | Cash ÷ revenue 41.4% |
| Vs. industry median margin | +5.6 pp | Software & SaaS |
| ROE | 20.7% | Derived from disclosed figures |
| ROA | 10.7% | Derived from disclosed figures |

## Notable figures

- FY2026, cash is 34% of total assets

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥24238267000 | ¥34391392000 | +41.9% |
| Operating income | ¥3226940000 | ¥6209318000 | +92.4% |
| Operating margin | 13.3% | 18.1% | +4.7 pp |
| Employees | 739 people | 1,230 people | +66.4% |
| Cash and equivalents | ¥9681600000 | ¥14233994000 | +47.0% |

### 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 |
| --- | ---: |
| ＥＣソリューション事業 → ＥＣソリューション事業 | 31.8% |
| ＩＴソリューション事業 → ＩＴソリューション事業 | 34.1% |
| システムインテグレーション事業 → 事業再編・廃止 | 18.7% |
| 物品販売事業 → 事業再編・廃止 | 15.4% |
| 新設・再編 → ＥＣソリューション事業 | 20.8% |
| 新設・再編 → ＩＴソリューション事業 | 13.3% |

Segment revenue source references: 6 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 34,391 | 100.0% | S100YF8C |
| Cost of revenue | 20,376 | 59.2% | S100YF8C |
| Gross profit | 14,015 | 40.8% | S100YF8C |
| SG&A | 7,806 | 22.7% | S100YF8C |
| Operating income | 6,209 | 18.1% | S100YF8C |
| Ordinary income | 6,544 | 19.0% | S100YF8C |
| Pretax income | 6,655 | 19.4% | S100YF8C |
| Income tax | 2,003 | 5.8% | S100YF8C |
| Net income | 4,653 | 13.5% | S100YF8C |
| Net income attributable to owners | 4,174 | 12.1% | S100YF8C |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 59 |
| SG&A | 23 |
| Operating income | 18 |
| (Ref.) Net income | 12 |

### Margin funnel

Gross margin 40.8% → Operating margin 18.1% → Net margin 12.1%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +11.1%; Core profit growth: +12.9%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.16×
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 | 30,952 | 34,391 | 3,440 | +11.1% |
| Gross profit | 12,864 | 14,015 | 1,151 | +8.9% |
| Operating income | 5,498 | 6,209 | 711 | +12.9% |
| Net income attributable to owners | 3,548 | 4,174 | 626 | +17.6% |
| Operating cash flow | 4,996 | 5,542 | 546 | +10.9% |
| Free cash flow | 3,268 | 3,683 | 414 | +12.7% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 23,811 | 2,380 | 10.0% | 1,431 | 2,699 | 2,105 | S100LJUK |
| FY ending Mar 2021 | 24,238 | 3,227 | 13.3% | 1,817 | 3,299 | 2,869 | S100O9Z4 |
| FY ending Mar 2022 | 21,227 | 4,030 | 19.0% | 2,363 | 3,860 | 3,085 | S100QYPN |
| FY ending Mar 2023 | 24,254 | 4,323 | 17.8% | 2,738 | 2,570 | 1,302 | S100TNTY |
| FY ending Mar 2024 | 27,912 | 5,169 | 18.5% | 3,257 | 6,484 | 5,164 | S100W072 |
| FY ending Mar 2025 | 30,952 | 5,498 | 17.8% | 3,548 | 4,996 | 3,268 | S100YF8C |
| FY ending Mar 2026 | 34,391 | 6,209 | 18.1% | 4,174 | 5,542 | 3,683 | S100YF8C |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥28M |
| Operating income per employee (consolidated) | ¥5M |
| Net income per employee (consolidated) | ¥3.4M |

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) | 776 | 847 | 963 | 1,101 | 1,230 |
| Average salary (parent company) | ¥6.2M | ¥6.4M | ¥6.8M | ¥7.2M | ¥6.9M |
| Average age (parent company) | 37.2 years | 35.9 years | 34.5 years | 36.6 years | 35.6 years |
| Average tenure (parent company) | 6.5 years | 6.9 years | 5.8 years | 6.3 years | 7.0 years |

Year over year: Employees (consolidated) +11.7% · Revenue (consolidated) +11.1%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Ec solution business | 18,091 | 52.6% | 4,492 | 24.8% |
| It solution business | 16,300 | 47.4% | 3,231 | 19.8% |

### 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 |
| --- | ---: |
| Ec solution business | 52.6% |
| It solution business | 47.4% |

Segment → industry: It solution business → Cybersecurity / It solution business → IT Services & System Integration / Ec solution business → Software & SaaS

## 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 | 5,542 | 16.1% | S100YF8C |
| Capital expenditure | 1,860 | 5.4% | S100YF8C |
| Free cash flow | 3,683 | 10.7% | 算出 |
| Investing cash flow | -5,399 | -15.7% | S100YF8C |
| Financing cash flow | -868 | -2.5% | S100YF8C |
| Dividends paid | 1,455 | 4.2% | S100YF8C |
| Share buyback | 0 | 0.0% | S100YF8C |
| Change in cash | -724 | -2.1% | S100YF8C |
| Cash and equivalents | 14,234 | 41.4% | S100YF8C |

## 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 | 9,318 | 9,426 | 13,509 | 14,958 | 14,234 | S100TNTY, S100W072, S100YF8C |
| Total assets | 22,795 | 25,193 | 31,298 | 35,593 | 42,060 | S100QYPN, S100TNTY, S100W072, S100YF8C |
| Net assets | 15,195 | 17,528 | 21,652 | 24,598 | 29,201 | S100TNTY, S100W072, S100YF8C |
| Share capital | 854 | 854 | 854 | 854 | 854 | S100QYPN, S100TNTY, S100W072, S100YF8C |
| Property, plant and equipment | 296 | 299 | 262 | 298 | 318 | S100QYPN, S100TNTY, S100W072, S100YF8C |
| Intangible assets excluding goodwill | 1,091 | 1,529 | 1,960 | 2,568 | 4,746 | S100QYPN, S100TNTY, S100W072, S100YF8C |
| Goodwill | — | — | — | 115 | 1,891 | S100YF8C |
| Investment securities | 4,903 | 5,207 | 7,034 | 7,349 | 8,531 | S100QYPN, S100TNTY, S100W072, S100YF8C |
| Current assets | 14,773 | 16,404 | 20,551 | 23,831 | 26,902 | S100QYPN, S100TNTY, S100W072, S100YF8C |
| Current liabilities | 5,919 | 5,906 | 7,382 | 8,556 | 10,049 | S100QYPN, S100TNTY, S100W072, S100YF8C |
| Short-term borrowings | 37 | 12 | — | — | — | S100QYPN, S100TNTY |
| Long-term borrowings | 12 | — | — | — | 143 | S100QYPN, S100YF8C |
| Total liabilities | 7,600 | 7,665 | 9,647 | 10,995 | 12,859 | S100QYPN, S100TNTY, S100W072, S100YF8C |
| Non-controlling interests | 1,941 | 2,199 | 2,606 | 3,214 | 3,581 | S100QYPN, S100TNTY, S100W072, S100YF8C |
| Equity attributable to owners of parent | 12,080 | 13,806 | 16,251 | 18,436 | 21,972 | S100QYPN, S100TNTY, S100W072, S100YF8C |
| Retained earnings | 12,021 | 14,192 | 16,533 | 18,791 | 21,506 | S100QYPN, S100TNTY, S100W072, S100YF8C |
| Treasury stock | -2,699 | -3,142 | -3,068 | -3,367 | -2,784 | S100QYPN, S100TNTY, S100W072, S100YF8C |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 34% | S100YF8C |
| Property, plant and equipment | 1% | S100YF8C |
| Intangibles and goodwill | 16% | S100YF8C |
| Investment securities | 20% | S100YF8C |
| Other assets | 29% | S100YF8C |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 31% | S100YF8C |
| Equity | 69% | S100YF8C |

### 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 | 22,795 | 25,193 | 31,298 | 35,593 | 42,060 |
| Equity | 15,195 | 17,528 | 21,652 | 24,598 | 29,201 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 9,318 | 9,426 | 13,509 | 14,958 | 14,234 |

## 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) | 0.9% | S100YF8C |
| Fixed assets ÷ total assets | 0.8% | S100YF8C |
| Goodwill ÷ parent equity | 8.6% | S100YF8C |

### 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) | 33.8% |
| Cash ÷ revenue | 41.4% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 89.3% |
| Cash vs. profit gap | 1,369 JPY mn (of net income 32.8%) |
| Shareholder returns / net income | 34.9% |
| Shareholder returns / FCF | 39.5% |
| Shareholder payments — dividends / net income | 34.9% |
| Shareholder payments — dividends / FCF | 39.5% |
| CapEx intensity (capex ÷ revenue) | 5.4% |
| Investing CF relative to operating CF | 97.4% |

## 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 | 11.1% | 0.93× | 10.4% | 1.89× | 19.6% | S100QYPN |
| 2023 | 11.3% | 1.01× | 11.4% | 1.85× | 21.2% | S100TNTY |
| 2024 | 11.7% | 0.99× | 11.5% | 1.88× | 21.7% | S100W072 |
| 2025 | 11.5% | 0.93× | 10.6% | 1.93× | 20.5% | S100YF8C |
| 2026 | 12.1% | 0.89× | 10.7% | 1.92× | 20.7% | S100YF8C |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 有限会社ティーオーシステム | Major shareholder | 27.5% | 2026-03-31 |
| 日本マスタートラスト信託銀行株式会社 （信託口） | Major shareholder | 6.9% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505044 （常任代理人 株式会社みずほ銀行） | Major shareholder | 5.7% | 2026-03-31 |
| BIPROGY株式会社 | Major shareholder | 5.2% | 2026-03-31 |
| 株式会社オービックビジネスコンサルタント | Major shareholder | 5.1% | 2026-03-31 |
| 林 勝 | Major shareholder | 3.8% | 2026-03-31 |
| 林 宗治 | Major shareholder | 3.5% | 2026-03-31 |
| 林 雅也 | Major shareholder | 3.3% | 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 | 2.0% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 1.4% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第59期(2025/04/01－2026/03/31) | S100YF8C | 2026-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YF8C,, |
| 有価証券報告書－第58期(2024/04/01－2025/03/31) | S100W072 | 2025-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W072,, |
| 有価証券報告書－第57期(2023/04/01－2024/03/31) | S100TNTY | 2024-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TNTY,, |
| 有価証券報告書－第56期(2022/04/01－2023/03/31) | S100QYPN | 2023-06-16 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QYPN,, |
| 有価証券報告書－第55期(令和3年4月1日－令和4年3月31日) | S100O9Z4 | 2022-06-17 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100O9Z4,, |
| 有価証券報告書－第54期(令和2年4月1日－令和3年3月31日) | S100LJUK | 2021-06-17 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LJUK,, |

## 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).