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

> Latest period: FY ending Dec 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第16期(2025/01/01－2025/12/31) (S100XS6L)
> Page: https://vizora.meequs.com/en/company/sportsfield
> Retrieved: 2026-09-30T20:34:15.825Z

## Company

Sportsfield, founded in 2010, is a company in HR & Staffing listed on TSE Growth. It has 335 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Sportsfield Co., Ltd. |
| Ticker | 7080 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7080.T) |
| Listing | TSE Growth |
| Head office | 東京都新宿区市谷本村町3番29号 FORECAST市ヶ谷4F |
| Representative (per filing) | 代表取締役 篠﨑 克志 |
| Founded | Jan 2010 |
| Share capital | ¥93.7M |
| Employees (consolidated) | 335 |
| Average salary (parent only) | ¥5.2M |
| Fiscal year end | December |
| Website | www.sports-f.co.jp (https://www.sports-f.co.jp/) |
| Corporate number | 2011001063479 |
| EDINET | E35323 |
| Industries (Vizora) | HR & Staffing, Sporting Goods & Fitness |

> Profile source: annual securities report (S100XS6L, filed 2026-03-19). As of filing

## Five-axis industry profile

Primary industry: HR & Staffing (2025-12-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 72.8 | 68 |
| Profitability | 90.3 | 88 |
| Cash conversion | 33.1 | 80 |
| Efficiency | 59.7 | 88 |

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 93% of Sportsfield's sales come from Sports Human Capital Recruitment Support Business, with Sporting Equipment Planning and Sales Business making up much of the rest.
- Out of every ¥100 of sales, about ¥23 is left as operating profit.
- Revenue changed +24.4% from the prior year, operating profit +23.4%.

## Company structure

- Segment revenue mix: Sports Human Capital Recruitment Support Business 92.6%、Sporting Equipment Planning and Sales Business 7.4%
- Revenue → net income: ¥4784887000 → ¥783538000
- Net income → operating cash flow: ¥783538000 → ¥863726000（difference ¥80188000）
- Main uses of operating cash flow: CapEx ¥39975000 / dividends ¥116564000 / buybacks —
- Change in cash: ¥73970000
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 | ¥4.78B |  |
| Operating income | ¥1.08B | Margin 22.5% |
| Net income | ¥783.5M | Margin 16.4% |
| Free cash flow | ¥823.8M |  |
| Largest business | Sports Human Capital Recruitment Support Business | of segment revenue 92.6% |
| Employees (consolidated) | 335 |  |
| EPS | ¥113.22 |  |
| Diluted EPS | ¥111.38 |  |
| Book value per share | ¥338.59 |  |
| Equity ratio | 62.6% |  |
| Treasury shares | 149,900 |  |
| Shareholders | 1,220 |  |
| Average salary (parent only) | ¥5.2M | Filing company only |
| Cash ratio | 45.8% | Cash ÷ revenue 37.2% |
| Vs. industry median margin | +13.9 pp | HR & Staffing |
| ROE | 37.4% | Derived from disclosed figures |
| ROA | 23.8% | Derived from disclosed figures |

## Notable figures

- FY2025, revenue is 2.2× its level five years ago
- FY2025, one segment accounts for 100% of positive segment profit
- FY2025, cash is 46% of total assets

## What changed in 5 years

| Metric | FY ending Dec 2020 | FY ending Dec 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥1883269000 | ¥4784887000 | +154.1% |
| Operating income | ¥16215000 | ¥1078874000 | +6553.6% |
| Operating margin | 0.9% | 22.5% | +21.7 pp |
| Employees | 233 people | 335 people | +43.8% |
| Cash and equivalents | ¥961663000 | ¥1778220000 | +84.9% |

### 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.

| Flow | Revenue share |
| --- | ---: |
| 新設・再編 → スポーツ人財採用支援事業 | 92.6% |
| 新設・再編 → スポーツ用品企画・販売事業 | 7.4% |

Segment revenue source references: 2 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 4,785 | 100.0% | S100XS6L |
| Cost of revenue | 454 | 9.5% | S100XS6L |
| Gross profit | 4,331 | 90.5% | S100XS6L |
| SG&A | 3,252 | 68.0% | S100XS6L |
| Operating income | 1,079 | 22.5% | S100XS6L |
| Ordinary income | 1,083 | 22.6% | S100XS6L |
| Pretax income | 1,083 | 22.6% | S100XS6L |
| Income tax | 299 | 6.3% | S100XS6L |
| Net income | 784 | 16.4% | S100XS6L |
| Net income attributable to owners | 784 | 16.4% | S100XS6L |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 9 |
| SG&A | 68 |
| Operating income | 23 |
| (Ref.) Net income | 16 |

### Margin funnel

Gross margin 90.5% → Operating margin 22.5% → Net margin 16.4%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +24.4%; Core profit growth: +23.4%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): 0.96×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 3,845 | 4,785 | 940 | +24.4% |
| Gross profit | 3,666 | 4,331 | 665 | +18.1% |
| Operating income | 874 | 1,079 | 205 | +23.4% |
| Net income attributable to owners | 595 | 784 | 188 | +31.6% |
| Operating cash flow | 619 | 864 | 244 | +39.5% |
| Free cash flow | 589 | 824 | 234 | +39.7% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Dec 2019 | 1,918 | 194 | 10.1% | 133 | 198 | 193 | S100L0SB |
| FY ending Dec 2020 | 1,883 | 16 | 0.9% | 17 | -89 | -101 | S100NQ5K |
| FY ending Dec 2021 | 2,130 | -32 | -1.5% | -79 | 54 | 3 | S100QHN9 |
| FY ending Dec 2022 | 2,866 | 637 | 22.2% | 412 | 610 | 606 | S100T54O |
| FY ending Dec 2023 | 3,418 | 870 | 25.4% | 608 | 449 | 396 | S100VHPQ |
| FY ending Dec 2024 | 3,845 | 874 | 22.7% | 595 | 619 | 589 | S100XS6L |
| FY ending Dec 2025 | 4,785 | 1,079 | 22.5% | 784 | 864 | 824 | S100XS6L |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥14.3M |
| Operating income per employee (consolidated) | ¥3.2M |
| Net income per employee (consolidated) | ¥2.3M |

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) | 266 | 242 | 272 | 297 | 335 |
| Average salary (parent company) | ¥4.3M | ¥4.7M | ¥4.6M | ¥5.1M | ¥5.2M |
| Average age (parent company) | 28.9 years | 29.3 years | 29.4 years | 29.7 years | 29.6 years |
| Average tenure (parent company) | 3.3 years | 3.6 years | 3.8 years | 4.3 years | 3.9 years |

Year over year: Employees (consolidated) +12.8% · Revenue (consolidated) +24.4%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Sports Human Capital Recruitment Support Business | 4,431 | 92.6% | 1,114 | 25.1% |
| Sporting Equipment Planning and Sales Business | 354 | 7.4% | -35 | -9.9% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Sports Human Capital Recruitment Support Business | 92.6% | 100.0% | 7.4 | 25.1% |
| Sporting Equipment Planning and Sales Business | 7.4% | — | — | -9.9% |

Loss-making segment (excluded from profit shares): Sporting Equipment Planning and Sales Business -35 JPY mn

Segment → industry: Sports Human Capital Recruitment Support Business → HR & Staffing / Sporting Equipment Planning and Sales Business → Sporting Goods & Fitness

## 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 | 864 | 18.1% | S100XS6L |
| Capital expenditure | 40 | 0.8% | S100XS6L |
| Free cash flow | 824 | 17.2% | 算出 |
| Investing cash flow | -579 | -12.1% | S100XS6L |
| Financing cash flow | -211 | -4.4% | S100XS6L |
| Dividends paid | 117 | 2.4% | S100XS6L |
| Change in cash | 74 | 1.5% | S100XS6L |
| Cash and equivalents | 1,778 | 37.2% | S100XS6L |

## 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 | 966 | 1,448 | 1,457 | 1,704 | 1,778 | S100T54O, S100VHPQ, S100XS6L |
| Total assets | 1,541 | 2,127 | 2,311 | 2,708 | 3,886 | S100QHN9, S100T54O, S100VHPQ, S100XS6L |
| Net assets | 368 | 781 | 1,389 | 1,764 | 2,431 | S100T54O, S100VHPQ, S100XS6L |
| Share capital | 93 | 93 | 94 | 94 | 94 | S100QHN9, S100T54O, S100VHPQ, S100XS6L |
| Inventories | — | — | — | — | 552 | S100XS6L |
| Property, plant and equipment | 116 | 105 | 155 | 218 | 230 | S100QHN9, S100T54O, S100VHPQ, S100XS6L |
| Intangible assets excluding goodwill | 1 | 1 | 0 | 0 | 213 | S100QHN9, S100T54O, S100VHPQ, S100XS6L |
| Goodwill | — | — | — | — | 213 | S100XS6L |
| Current assets | 1,240 | 1,820 | 1,940 | 2,258 | 3,110 | S100QHN9, S100T54O, S100VHPQ, S100XS6L |
| Current liabilities | 571 | 1,043 | 701 | 763 | 1,042 | S100QHN9, S100T54O, S100VHPQ, S100XS6L |
| Long-term borrowings | 548 | 250 | 150 | 67 | 254 | S100QHN9, S100T54O, S100VHPQ, S100XS6L |
| Total liabilities | 1,173 | 1,347 | 921 | 944 | 1,455 | S100QHN9, S100T54O, S100VHPQ, S100XS6L |
| Equity attributable to owners of parent | 368 | 781 | 1,389 | 1,764 | 2,431 | S100QHN9, S100T54O, S100VHPQ, S100XS6L |
| Retained earnings | 193 | 605 | 1,213 | 1,687 | 2,354 | S100QHN9, S100T54O, S100VHPQ, S100XS6L |
| Treasury stock | -0 | -0 | -0 | -100 | -100 | S100QHN9, S100T54O, S100VHPQ, S100XS6L |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 46% | S100XS6L |
| Inventories | 14% | S100XS6L |
| Property, plant and equipment | 6% | S100XS6L |
| Intangibles and goodwill | 11% | S100XS6L |
| Other assets | 23% | S100XS6L |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 37% | S100XS6L |
| Equity | 63% | S100XS6L |
| Other liabilities | 0% | S100XS6L |

### 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 | 1,541 | 2,127 | 2,311 | 2,708 | 3,886 |
| Equity | 368 | 781 | 1,389 | 1,764 | 2,431 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 966 | 1,448 | 1,457 | 1,704 | 1,778 |

## 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) | 4.8% | S100XS6L |
| Fixed assets ÷ total assets | 5.9% | S100XS6L |
| Goodwill ÷ parent equity | 8.7% | S100XS6L |

### 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 | 37.2% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 80.1% |
| Cash vs. profit gap | 80 JPY mn (of net income 10.2%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 14.9% |
| Shareholder payments — dividends / FCF | 14.2% |
| CapEx intensity (capex ÷ revenue) | 0.8% |
| Investing CF relative to operating CF | 67.0% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2021 | — | —× | -5.1% | —× | — | S100QHN9 |
| 2022 | 14.4% | 1.56× | 22.5% | 3.19× | 71.8% | S100T54O |
| 2023 | 17.8% | 1.54× | 27.4% | 2.05× | 56.1% | S100VHPQ |
| 2024 | 15.5% | 1.53× | 23.7% | 1.59× | 37.8% | S100XS6L |
| 2025 | 16.4% | 1.45× | 23.8% | 1.57× | 37.4% | S100XS6L |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 篠﨑 克志 | Major shareholder | 21.6% | 2025-12-31 |
| 森本 翔太 | Major shareholder | 10.8% | 2025-12-31 |
| 伊地知 和義 | Major shareholder | 10.8% | 2025-12-31 |
| 加地 正 | Major shareholder | 10.8% | 2025-12-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 4.1% | 2025-12-31 |
| スポーツフィールド従業員持株会 | Major shareholder | 3.2% | 2025-12-31 |
| 佐々木 嶺一 | Major shareholder | 2.6% | 2025-12-31 |
| 石村 藤夫 | Major shareholder | 1.7% | 2025-12-31 |
| 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 | 1.5% | 2025-12-31 |
| ＴＨＥ ＢＡＮＫ ＯＦ ＮＥＷ ＹＯＲＫ ＭＥＬＬＯＮ １４００４２ （常任代理人：株式会社みずほ銀行決済営業部） | Major shareholder | 1.4% | 2025-12-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第16期(2025/01/01－2025/12/31) | S100XS6L | 2026-03-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XS6L,, |
| 有価証券報告書－第15期(2024/01/01－2024/12/31) | S100VHPQ | 2025-03-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VHPQ,, |
| 有価証券報告書－第14期(2023/01/01－2023/12/31) | S100T54O | 2024-03-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100T54O,, |
| 有価証券報告書－第13期(2022/01/01－2022/12/31) | S100QHN9 | 2023-03-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QHN9,, |
| 有価証券報告書－第12期(令和3年1月1日－令和3年12月31日) | S100NQ5K | 2022-03-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100NQ5K,, |
| 有価証券報告書－第11期(令和2年1月1日－令和2年12月31日) | S100L0SB | 2021-03-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100L0SB,, |

## 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).