# SOFTTEX Co., Ltd.: 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43期(2025/04/01－2026/03/31) (S100YA88)
> Page: https://vizora.meequs.com/en/company/softtex
> Retrieved: 2026-09-30T18:16:39.712Z

## Company

Softtex, founded in 1984, is a company in IT Services & System Integration listed on TSE Standard. It has 330 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | SOFTTEX Co., Ltd. |
| Ticker | 550A |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/550A.T) |
| Listing | TSE Standard |
| Head office | 愛知県名古屋市千種区今池五丁目1番5号 |
| Representative (per filing) | 代表取締役社長 石黒 佳彦 |
| Founded | Feb 1984 |
| Share capital | ¥160M |
| Employees (consolidated) | 330 |
| Average salary (parent only) | ¥5.7M |
| Fiscal year end | March |
| Website | www.softtex.co.jp (https://www.softtex.co.jp/) |
| Corporate number | 4180001004425 |
| EDINET | E41331 |
| Industries (Vizora) | IT Services & System Integration |

> Profile source: annual securities report (S100YA88, filed 2026-06-23). As of filing

## Five-axis industry profile

Primary industry: IT Services & System Integration (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 11.1 | 157 |
| Profitability | 43.6 | 196 |
| Cash conversion | 6.2 | 185 |
| Efficiency | 84.4 | 196 |

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)

- Softtex brought in ¥3.64B in revenue.
- Out of every ¥100 of sales, about ¥8 is left as operating profit.
- Revenue changed +2.1% from the prior year, operating profit +4.2%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥3639630000 → ¥213463000
- Net income → operating cash flow: ¥213463000 → ¥15229000（difference ¥-198234000）
- Main uses of operating cash flow: CapEx ¥4267000 / dividends ¥53893000 / buybacks —
- Change in cash: ¥-51362000
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 | ¥3.64B |  |
| Operating income | ¥297.6M | Margin 8.2% |
| Net income | ¥213.5M | Margin 5.9% |
| Free cash flow | ¥11M |  |
| Employees (consolidated) | 330 |  |
| EPS | ¥277.26 |  |
| Book value per share | ¥1792.14 |  |
| Equity ratio | 69.3% |  |
| Shares outstanding | 876,000 |  |
| Treasury shares | 106,100 |  |
| Shareholders | 39 |  |
| Average salary (parent only) | ¥5.7M | Filing company only |
| Cash ratio | 45.8% | Cash ÷ revenue 25.1% |
| Vs. industry median margin | -0.7 pp | IT Services & System Integration |
| ROE | 16.4% | Derived from disclosed figures |
| ROA | 10.9% | Derived from disclosed figures |

## Notable figures

- FY2026, cash is 46% of total assets

## What changed in 1 years

| Metric | FY ending Mar 2025 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥3565000000 | ¥3639630000 | +2.1% |
| Operating income | ¥285491000 | ¥297559000 | +4.2% |
| Operating margin | 8.0% | 8.2% | +0.2 pp |
| Employees | 311 people | 330 people | +6.1% |
| Cash and equivalents | ¥963394000 | ¥912031000 | -5.3% |

### Change in segment revenue mix

Span: FY ending Mar 2025 → 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 | 3,640 | 100.0% | S100YA88 |
| Cost of revenue | 2,646 | 72.7% | S100YA88 |
| Gross profit | 993 | 27.3% | S100YA88 |
| SG&A | 696 | 19.1% | S100YA88 |
| Operating income | 298 | 8.2% | S100YA88 |
| Ordinary income | 295 | 8.1% | S100YA88 |
| Pretax income | 295 | 8.1% | S100YA88 |
| Income tax | 82 | 2.3% | S100YA88 |
| Net income | 213 | 5.9% | S100YA88 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 73 |
| SG&A | 19 |
| Operating income | 8 |
| (Ref.) Net income | 6 |

### Margin funnel

Gross margin 27.3% → Operating margin 8.2% → Net margin 5.9%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +2.1%; Core profit growth: +4.2%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.02×
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 | 3,565 | 3,640 | 75 | +2.1% |
| Gross profit | 970 | 993 | 24 | +2.5% |
| Operating income | 285 | 298 | 12 | +4.2% |
| Operating cash flow | 220 | 15 | -205 | -93.1% |
| Free cash flow | 172 | 11 | -161 | -93.6% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2025 | 3,565 | 285 | 8.0% | 211 | 220 | 172 | S100YA88 |
| FY ending Mar 2026 | 3,640 | 298 | 8.2% | 213 | 15 | 11 | S100YA88 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥11M |
| Operating income per employee (consolidated) | ¥901.7K |
| Net income per employee (consolidated) | ¥646.9K |

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

| History | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: |
| Employees (consolidated) | 311 | 330 |
| Average salary (parent company) | — | ¥5.7M |
| Average age (parent company) | — | 39.3 years |
| Average tenure (parent company) | — | 12.5 years |

Year over year: Employees (consolidated) +6.1% · Revenue (consolidated) +2.1%

## 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 | 15 | 0.4% | S100YA88 |
| Capital expenditure | 4 | 0.1% | S100YA88 |
| Free cash flow | 11 | 0.3% | 算出 |
| Investing cash flow | -5 | -0.1% | S100YA88 |
| Financing cash flow | -61 | -1.7% | S100YA88 |
| Dividends paid | 54 | 1.5% | S100YA88 |
| Change in cash | -51 | -1.4% | S100YA88 |
| Cash and equivalents | 912 | 25.1% | S100YA88 |

## 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 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: |
| Cash and equivalents | 963 | 912 | S100YA88 |
| Total assets | 1,934 | 1,992 | S100YA88 |
| Net assets | 1,220 | 1,380 | S100YA88 |
| Share capital | 160 | 160 | S100YA88 |
| Property, plant and equipment | 87 | 70 | S100YA88 |
| Intangible assets excluding goodwill | 26 | 21 | S100YA88 |
| Current assets | 1,688 | 1,785 | S100YA88 |
| Current liabilities | 575 | 461 | S100YA88 |
| Total liabilities | 713 | 612 | S100YA88 |
| Equity attributable to owners of parent | 1,220 | 1,380 | S100YA88 |
| Retained earnings | 1,123 | 1,283 | S100YA88 |
| Treasury stock | -66 | -66 | S100YA88 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 46% | S100YA88 |
| Property, plant and equipment | 3% | S100YA88 |
| Intangibles and goodwill | 1% | S100YA88 |
| Other assets | 50% | S100YA88 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 31% | S100YA88 |
| Equity | 69% | S100YA88 |
| Other liabilities | 0% | S100YA88 |

### Balance sheet history

| Metric | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: |
| Total assets | 1,934 | 1,992 |
| Equity | 1,220 | 1,380 |
| Interest-bearing debt | — | — |
| Cash | 963 | 912 |

## 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) | 1.9% | S100YA88 |
| Fixed assets ÷ total assets | 3.5% | S100YA88 |
| Goodwill ÷ parent equity | — | —, S100YA88 |

### 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) | 45.8% |
| Cash ÷ revenue | 25.1% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 5.1% |
| Cash vs. profit gap | -198 JPY mn (of net income -92.9%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 25.2% |
| Shareholder payments — dividends / FCF | 491.6% |
| CapEx intensity (capex ÷ revenue) | 0.1% |
| Investing CF relative to operating CF | 34.7% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2025 | 5.9% | 1.84× | 10.9% | 1.58× | 17.3% | S100YA88 |
| 2026 | 5.9% | 1.85× | 10.9% | 1.51× | 16.4% | S100YA88 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| ソフトテックス従業員持株会 | Major shareholder | 9.7% | 2026-03-31 |
| 石黒 佳彦 | Major shareholder | 9.4% | 2026-03-31 |
| 太田 晃二 | Major shareholder | 9.2% | 2026-03-31 |
| 近藤 久美子 | Major shareholder | 7.8% | 2026-03-31 |
| 名古屋中小企業投資育成㈱ | Major shareholder | 7.8% | 2026-03-31 |
| ㈱ミロク情報サービス | Major shareholder | 6.9% | 2026-03-31 |
| キムラユニティー㈱ | Major shareholder | 6.5% | 2026-03-31 |
| 山本 哲士 | Major shareholder | 5.2% | 2026-03-31 |
| 中島 拓穂 | Major shareholder | 3.5% | 2026-03-31 |
| 小島 浩幸 | Major shareholder | 3.4% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第43期(2025/04/01－2026/03/31) | S100YA88 | 2026-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YA88,, |

## 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).