# SUNNEXTA GROUP Inc.: business model and financials

> Latest period: FY ending Jun 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第28期(2025/07/01－2026/06/30) (S100Z3V1)
> Page: https://vizora.meequs.com/en/company/sunnexta-group
> Retrieved: 2026-09-30T19:42:00.718Z

## Company

Sunnexta Group, founded in 1998, is a company in Business Process Outsourcing listed on TSE Standard. It has 692 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | SUNNEXTA GROUP Inc. |
| Ticker | 8945 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8945.T) |
| Listing | TSE Standard |
| Head office | 東京都新宿区箪笥町35番地 |
| Representative (per filing) | 代表取締役社長 髙木 章 |
| Founded | Oct 1998 |
| Share capital | ¥1.06B |
| Employees (consolidated) | 692 |
| Average salary (parent only) | ¥6.1M |
| Fiscal year end | June |
| Website | www.sunnexta.co.jp (https://www.sunnexta.co.jp/) |
| Corporate number | 9011101027286 |
| EDINET | E05505 |
| Industries (Vizora) | Business Process Outsourcing, Real Estate Brokerage & Management |

> Profile source: annual securities report (S100Z3V1, filed 2026-09-25). As of filing

## Five-axis industry profile

Primary industry: Real Estate Brokerage & Management (2026-06-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 2 | 25 |
| Profitability | 51.9 | 26 |
| Cash conversion | 90.4 | 26 |
| Efficiency | 40.4 | 26 |

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 52% of Sunnexta Group's sales come from Corporate house management services, with Condominium management services and incubation services making up much of the rest.
- Out of every ¥100 of sales, about ¥9 is left as operating profit.
- Revenue changed +2.1% from the prior year, operating profit +9.9%.

## Company structure

- Segment revenue mix: Corporate house management services 52.2%、Condominium management services 45.7%、incubation services 2.1%
- Revenue → net income: ¥8881471000 → ¥595484000
- Net income → operating cash flow: ¥595484000 → ¥1144678000（difference ¥549194000）
- Main uses of operating cash flow: CapEx ¥60456000 / dividends ¥399222000 / buybacks —
- Change in cash: ¥2685504000
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 | ¥8.88B |  |
| Operating income | ¥816.2M | Margin 9.2% |
| Net income | ¥595.5M | Margin 6.7% |
| Free cash flow | ¥1.08B |  |
| Largest business | Corporate house management services | of segment revenue 52.2% |
| Employees (consolidated) | 692 |  |
| EPS | ¥30.97 |  |
| Diluted EPS | ¥29.87 |  |
| Book value per share | ¥736.52 |  |
| Equity ratio | 71.5% |  |
| Shares outstanding | 10,897,700 |  |
| Treasury shares | 1,315,100 |  |
| Shareholders | 8,815 |  |
| Average salary (parent only) | ¥6.1M | Filing company only |
| Cash ratio | 68.3% | Cash ÷ revenue 85.9% |
| Vs. industry median margin | +5.3 pp | Business Process Outsourcing |
| ROE | 7.6% | Derived from disclosed figures |
| ROA | 5.5% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 74% of positive segment profit
- FY2026, cash is 68% of total assets
- FY2026, segment profit share differs by 22 points

## What changed in 5 years

| Metric | FY ending Jun 2021 | FY ending Jun 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥8519101000 | ¥8881471000 | +4.3% |
| Operating income | ¥836104000 | ¥816215000 | -2.4% |
| Operating margin | 9.8% | 9.2% | -0.6 pp |
| Employees | 675 people | 692 people | +2.5% |
| Cash and equivalents | ¥4067400000 | ¥7631662000 | +87.6% |

### Change in segment revenue mix

Span: FY ending Jun 2021 → FY ending Jun 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 社宅マネジメント事業 → 社宅マネジメント事業 | 48.8% |
| マンションマネジメント事業 → マンションマネジメント事業 | 45.7% |
| マンションマネジメント事業 → 事業再編・廃止 | 0.7% |
| インキュベーション事業 → インキュベーション事業 | 2.1% |
| インキュベーション事業 → 事業再編・廃止 | 2.7% |
| 新設・再編 → 社宅マネジメント事業 | 3.3% |

Segment revenue source references: 6 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| Corporate house management services | 5 years | +2.2% | ¥4632530000 | 26.2% | 2 |
| Condominium management services | 5 years | +0.5% | ¥4062500000 | 10.5% | 2 |
| incubation services | 5 years | -14.4% | ¥186439000 | -15.8% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 8,881 | 100.0% | S100Z3V1 |
| Cost of revenue | 6,647 | 74.8% | S100Z3V1 |
| Gross profit | 2,234 | 25.2% | S100Z3V1 |
| SG&A | 1,418 | 16.0% | S100Z3V1 |
| Operating income | 816 | 9.2% | S100Z3V1 |
| Ordinary income | 852 | 9.6% | S100Z3V1 |
| Pretax income | 900 | 10.1% | S100Z3V1 |
| Income tax | 305 | 3.4% | S100Z3V1 |
| Net income | 595 | 6.7% | S100Z3V1 |
| Net income attributable to owners | 595 | 6.7% | S100Z3V1 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 75 |
| SG&A | 16 |
| Operating income | 9 |
| (Ref.) Net income | 7 |

### Margin funnel

Gross margin 25.2% → Operating margin 9.2% → Net margin 6.7%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +2.1%; Core profit growth: +9.9%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 4.64×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Jun 2025 → FY ending Jun 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 8,696 | 8,881 | 186 | +2.1% |
| Gross profit | 2,048 | 2,234 | 186 | +9.1% |
| Operating income | 743 | 816 | 73 | +9.9% |
| Net income attributable to owners | 229 | 595 | 366 | +159.5% |
| Operating cash flow | -69 | 1,145 | 1,213 | — |
| Free cash flow | -145 | 1,084 | 1,229 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jun 2020 | 8,626 | 856 | 9.9% | 562 | 857 | 732 | S100NG2I |
| FY ending Jun 2021 | 8,519 | 836 | 9.8% | 535 | 701 | 643 | S100P8GR |
| FY ending Jun 2022 | 8,697 | 882 | 10.1% | 1,976 | 740 | 424 | S100RX16 |
| FY ending Jun 2023 | 8,347 | 865 | 10.4% | 486 | -337 | -507 | S100UG7Y |
| FY ending Jun 2024 | 8,371 | 654 | 7.8% | 1,775 | 957 | 557 | S100WQZF |
| FY ending Jun 2025 | 8,696 | 743 | 8.5% | 229 | -69 | -145 | S100Z3V1 |
| FY ending Jun 2026 | 8,881 | 816 | 9.2% | 595 | 1,145 | 1,084 | S100Z3V1 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥12.8M |
| Operating income per employee (consolidated) | ¥1.2M |
| Net income per employee (consolidated) | ¥860.5K |

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

| History | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 633 | 612 | 643 | 645 | 692 |
| Average salary (parent company) | ¥5.9M | ¥6M | ¥5.8M | ¥6M | ¥6.1M |
| Average age (parent company) | 44.9 years | 45.3 years | 45.4 years | 45.0 years | 44.7 years |
| Average tenure (parent company) | 7.5 years | 8.8 years | 8.0 years | 8.8 years | 8.6 years |

Year over year: Employees (consolidated) +7.3% · Revenue (consolidated) +2.1%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Corporate house management services | 4,633 | 52.2% | 1,214 | 26.2% |
| Condominium management services | 4,063 | 45.7% | 426 | 10.5% |
| incubation services | 186 | 2.1% | -30 | -15.8% |

### 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 | Profit share | Difference (pt) | Margin |
| --- | ---: | ---: | ---: | ---: |
| Corporate house management services | 52.2% | 74.0% | 21.8 | 26.2% |
| Condominium management services | 45.7% | 26.0% | -19.8 | 10.5% |
| incubation services | 2.1% | — | — | -15.8% |

Loss-making segment (excluded from profit shares): incubation services -30 JPY mn

Segment → industry: Corporate house management services → Business Process Outsourcing / incubation services → Real Estate Brokerage & Management / Condominium management services → Real Estate Brokerage & Management / Corporate house management services → Real Estate Brokerage & Management

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 1,145 | 12.9% | S100Z3V1 |
| Capital expenditure | 60 | 0.7% | S100Z3V1 |
| Free cash flow | 1,084 | 12.2% | 算出 |
| Investing cash flow | 1,849 | 20.8% | S100Z3V1 |
| Financing cash flow | -308 | -3.5% | S100Z3V1 |
| Dividends paid | 399 | 4.5% | S100Z3V1 |
| Change in cash | 2,686 | 30.2% | S100Z3V1 |
| Cash and equivalents | 7,632 | 85.9% | S100Z3V1 |

## 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 Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 5,610 | 4,738 | 7,316 | 4,946 | 7,632 | S100UG7Y, S100WQZF, S100Z3V1 |
| Total assets | 10,625 | 10,072 | 10,894 | 10,460 | 11,172 | S100RX16, S100UG7Y, S100WQZF, S100Z3V1 |
| Net assets | 7,483 | 7,436 | 7,908 | 7,729 | 8,155 | S100UG7Y, S100WQZF, S100Z3V1 |
| Share capital | 972 | 988 | 997 | 1,017 | 1,064 | S100RX16, S100UG7Y, S100WQZF, S100Z3V1 |
| Property, plant and equipment | 227 | 207 | 258 | 235 | 293 | S100RX16, S100UG7Y, S100WQZF, S100Z3V1 |
| Intangible assets excluding goodwill | 349 | 419 | 588 | 226 | 176 | S100RX16, S100UG7Y, S100WQZF, S100Z3V1 |
| Investment securities | 2,145 | 1,646 | 38 | 198 | 287 | S100RX16, S100UG7Y, S100WQZF, S100Z3V1 |
| Current assets | 7,636 | 7,462 | 9,731 | 9,495 | 10,070 | S100RX16, S100UG7Y, S100WQZF, S100Z3V1 |
| Current liabilities | 2,467 | 2,046 | 2,794 | 2,246 | 2,659 | S100RX16, S100UG7Y, S100WQZF, S100Z3V1 |
| Long-term borrowings | — | — | — | 261 | 157 | S100Z3V1 |
| Total liabilities | 3,142 | 2,636 | 2,986 | 2,730 | 3,017 | S100RX16, S100UG7Y, S100WQZF, S100Z3V1 |
| Equity attributable to owners of parent | 6,093 | 6,283 | 7,729 | 7,581 | 7,998 | S100RX16, S100UG7Y, S100WQZF, S100Z3V1 |
| Retained earnings | 5,580 | 5,739 | 7,168 | 7,023 | 7,219 | S100RX16, S100UG7Y, S100WQZF, S100Z3V1 |
| Treasury stock | -1,187 | -1,187 | -1,187 | -1,348 | -1,219 | S100RX16, S100UG7Y, S100WQZF, S100Z3V1 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 68% | S100Z3V1 |
| Property, plant and equipment | 3% | S100Z3V1 |
| Intangibles and goodwill | 2% | S100Z3V1 |
| Investment securities | 2% | S100Z3V1 |
| Other assets | 25% | S100Z3V1 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 27% | S100Z3V1 |
| Equity | 73% | S100Z3V1 |

### Balance sheet history

| Metric | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 10,625 | 10,072 | 10,894 | 10,460 | 11,172 |
| Equity | 7,483 | 7,436 | 7,908 | 7,729 | 8,155 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 5,610 | 4,738 | 7,316 | 4,946 | 7,632 |

## 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) | 3.3% | S100Z3V1 |
| Fixed assets ÷ total assets | 2.6% | S100Z3V1 |
| Goodwill ÷ parent equity | — | —, S100Z3V1 |

### 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) | 68.3% |
| Cash ÷ revenue | 85.9% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 140.2% |
| Cash vs. profit gap | 549 JPY mn (of net income 92.2%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 67.0% |
| Shareholder payments — dividends / FCF | 36.8% |
| CapEx intensity (capex ÷ revenue) | 0.7% |
| Investing CF relative to operating CF | 161.5% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 22.7% | 0.82× | 18.6% | 1.74× | 32.4% | S100RX16 |
| 2023 | 5.8% | 0.81× | 4.7% | 1.67× | 7.9% | S100UG7Y |
| 2024 | 21.2% | 0.80× | 16.9% | 1.50× | 25.3% | S100WQZF |
| 2025 | 2.6% | 0.81× | 2.1% | 1.39× | 3.0% | S100Z3V1 |
| 2026 | 6.7% | 0.82× | 5.5% | 1.39× | 7.6% | S100Z3V1 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社ベネフィット・ワン | Major shareholder | 8.1% | 2026-06-30 |
| ＵＨ Ｐａｒｔｎｅｒｓ２投資事業有限責任組合 | Major shareholder | 8.1% | 2026-06-30 |
| エスアイエル投資事業有限責任組合 | Major shareholder | 7.6% | 2026-06-30 |
| ＵＨ Ｐａｒｔｎｅｒｓ３投資事業有限責任組合 | Major shareholder | 7.3% | 2026-06-30 |
| 光通信ＫＫ投資事業有限責任組合 | Major shareholder | 6.7% | 2026-06-30 |
| ＳＵＮＮＥＸＴＡグループ従業員持株会 | Major shareholder | 3.7% | 2026-06-30 |
| 笹 晃弘 | Major shareholder | 3.1% | 2026-06-30 |
| 日本マスタートラスト信託銀行株式会社（従業員持株ＥＳＯＰ信託口・80121口） | Major shareholder | 2.4% | 2026-06-30 |
| ＳＵＮＮＥＸＴＡグループ取引先持株会 | Major shareholder | 2.3% | 2026-06-30 |
| 永井 詳二 | Major shareholder | 2.3% | 2026-06-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第28期(2025/07/01－2026/06/30) | S100Z3V1 | 2026-09-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z3V1,, |
| 有価証券報告書－第27期(2024/07/01－2025/06/30) | S100WQZF | 2025-09-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WQZF,, |
| 有価証券報告書－第26期(2023/07/01－2024/06/30) | S100UG7Y | 2024-09-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UG7Y,, |
| 有価証券報告書－第25期(2022/07/01－2023/06/30) | S100RX16 | 2023-09-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RX16,, |
| 有価証券報告書－第24期(令和3年7月1日－令和4年6月30日) | S100P8GR | 2022-09-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100P8GR,, |
| 訂正有価証券報告書－第23期(令和2年7月1日－令和3年6月30日) | S100NG2I | 2022-02-10 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100NG2I,, |

## 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).