# TAYA 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52期(2025/04/01－2026/03/31) (S100YFEW)
> Page: https://vizora.meequs.com/en/company/taya
> Retrieved: 2026-09-30T21:00:39.956Z

## Company

Taya, founded in 1975, is a company in Beauty Salons listed on TSE Standard. It has 490 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | TAYA Co.,Ltd. |
| Ticker | 4679 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/4679.T) |
| Listing | TSE Standard |
| Head office | 東京都渋谷区千駄ヶ谷五丁目23番13号 |
| Representative (per filing) | 代表取締役会長兼社長 田谷 和正 |
| Founded | Sep 1975 |
| Share capital | ¥30M |
| Employees (consolidated) | 490 |
| Average salary (parent only) | ¥4.1M |
| Fiscal year end | March |
| Website | www.taya.co.jp (https://www.taya.co.jp/) |
| Corporate number | 7011001013925 |
| EDINET | E04990 |
| Industries (Vizora) | Beauty Salons |

> Profile source: annual securities report (S100YFEW, filed 2026-06-22). As of filing

## Five-axis industry profile

Primary industry: Beauty Salons (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 10 | 5 |
| Profitability | 25 | 6 |
| Cash conversion | 70 | 5 |
| Efficiency | 91.7 | 6 |

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)

- Taya brought in ¥5.08B in revenue.
- Out of every ¥100 of sales, about ¥1 is left as operating profit.
- Revenue changed -6.8% from the prior year, operating profit +877.3%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥5.08B |  |
| Operating income | ¥38M | Margin 0.7% |
| Net income | -¥160.5M | Margin -3.2% |
| Free cash flow | -¥93.7M |  |
| Employees (consolidated) | 490 |  |
| EPS | ¥-25.81 |  |
| Book value per share | ¥107.43 |  |
| Equity ratio | 36.0% |  |
| Shares outstanding | 7,540,000 |  |
| Treasury shares | 102,900 |  |
| Shareholders | 13,040 |  |
| Average salary (parent only) | ¥4.1M | Filing company only |
| Cash ratio | 22.9% | Cash ÷ revenue 10.0% |
| Vs. industry median margin | -4.1 pp | Beauty Salons |
| ROA | -7.6% | Derived from disclosed figures |

## Notable figures

- FY2026, employees -7% while operating income rose 877%

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥6785071000 | ¥5075549000 | -25.2% |
| Operating income | ¥-1264152000 | ¥37969000 | — |
| Operating margin | -18.6% | 0.7% | +19.4 pp |
| Employees | 1,020 people | 490 people | -52.0% |
| Cash and equivalents | ¥378993000 | ¥507938000 | +34.0% |

### 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.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 5,076 | 100.0% | S100YFEW |
| Cost of revenue | 4,255 | 83.8% | S100YFEW |
| Gross profit | 820 | 16.2% | S100YFEW |
| SG&A | 782 | 15.4% | S100YFEW |
| Operating income | 38 | 0.7% | S100YFEW |
| Ordinary income | 34 | 0.7% | S100YFEW |
| Pretax income | -132 | -2.6% | S100YFEW |
| Income tax | 28 | 0.6% | S100YFEW |
| Net income | -160 | -3.2% | S100YFEW |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 84 |
| SG&A | 15 |
| Operating income | 1 |
| (Ref.) Net income | -3 |

### Margin funnel

Gross margin 16.2% → Operating margin 0.7% → Net margin -3.2%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue down, profit up
Revenue growth: -6.8%; Core profit growth: +877.3%
Operating leverage (core profit growth ÷ revenue growth): -129.44×
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 | 5,445 | 5,076 | -369 | -6.8% |
| Gross profit | 842 | 820 | -22 | -2.6% |
| Operating income | 4 | 38 | 34 | +877.3% |
| Operating cash flow | -67 | 73 | 140 | — |
| Free cash flow | -302 | -94 | 208 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 8,747 | -385 | -4.4% | -384 | -40 | -191 | S100LMAJ |
| FY ending Mar 2021 | 6,785 | -1,264 | -18.6% | -1,014 | -839 | -867 | S100OA6G |
| FY ending Mar 2022 | 6,519 | -1,107 | -17.0% | 390 | -1,516 | -1,623 | S100RHGH |
| FY ending Mar 2023 | 6,005 | -620 | -10.3% | -805 | -583 | -769 | S100TNDT |
| FY ending Mar 2024 | 5,840 | -24 | -0.4% | -159 | -25 | -135 | S100VZ0S |
| FY ending Mar 2025 | 5,445 | 4 | 0.1% | -62 | -67 | -302 | S100YFEW |
| FY ending Mar 2026 | 5,076 | 38 | 0.7% | -160 | 73 | -94 | S100YFEW |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥10.4M |
| Operating income per employee (consolidated) | ¥77.5K |
| Net income per employee (consolidated) | -¥327.5K |

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) | 875 | 719 | 597 | 527 | 490 |
| Average salary (parent company) | ¥3.5M | ¥3.5M | ¥3.8M | ¥3.9M | ¥4.1M |
| Average age (parent company) | 32.1 years | 32.9 years | 33.2 years | 34.4 years | 35.1 years |
| Average tenure (parent company) | 9.5 years | 10.4 years | 10.9 years | 12.0 years | 12.6 years |

Year over year: Employees (consolidated) -7.0% · Revenue (consolidated) -6.8%

## 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 | 73 | 1.4% | S100YFEW |
| Capital expenditure | 167 | 3.3% | S100YFEW |
| Free cash flow | -94 | -1.8% | 算出 |
| Investing cash flow | -192 | -3.8% | S100YFEW |
| Financing cash flow | 461 | 9.1% | S100YFEW |
| Change in cash | 342 | 6.7% | S100YFEW |
| Cash and equivalents | 508 | 10.0% | S100YFEW |

## 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 | 969 | 375 | 266 | 166 | 508 | S100TNDT, S100VZ0S, S100YFEW |
| Total assets | 3,244 | 2,367 | 2,006 | 1,987 | 2,218 | S100RHGH, S100TNDT, S100VZ0S, S100YFEW |
| Net assets | 1,416 | 611 | 452 | 417 | 799 | S100TNDT, S100VZ0S, S100YFEW |
| Share capital | 50 | 50 | 50 | 62 | 30 | S100RHGH, S100TNDT, S100VZ0S, S100YFEW |
| Property, plant and equipment | 637 | 512 | 412 | 606 | 520 | S100RHGH, S100TNDT, S100VZ0S, S100YFEW |
| Intangible assets excluding goodwill | 31 | 58 | 40 | 89 | 69 | S100RHGH, S100TNDT, S100VZ0S, S100YFEW |
| Current assets | 1,563 | 844 | 712 | 557 | 910 | S100RHGH, S100TNDT, S100VZ0S, S100YFEW |
| Current liabilities | 1,052 | 1,024 | 928 | 866 | 771 | S100RHGH, S100TNDT, S100VZ0S, S100YFEW |
| Short-term borrowings | 28 | 123 | 96 | 70 | 50 | S100RHGH, S100TNDT, S100VZ0S, S100YFEW |
| Long-term borrowings | 238 | 253 | 204 | 256 | 234 | S100RHGH, S100TNDT, S100VZ0S, S100YFEW |
| Total liabilities | 1,828 | 1,756 | 1,554 | 1,570 | 1,419 | S100RHGH, S100TNDT, S100VZ0S, S100YFEW |
| Equity attributable to owners of parent | 1,416 | 611 | 452 | 414 | 799 | S100RHGH, S100TNDT, S100VZ0S, S100YFEW |
| Retained earnings | -1,607 | -2,412 | -2,571 | -2,633 | -2,794 | S100RHGH, S100TNDT, S100VZ0S, S100YFEW |
| Treasury stock | -159 | -159 | -159 | -159 | -159 | S100RHGH, S100TNDT, S100VZ0S, S100YFEW |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 23% | S100YFEW |
| Property, plant and equipment | 23% | S100YFEW |
| Intangibles and goodwill | 3% | S100YFEW |
| Other assets | 51% | S100YFEW |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 64% | S100YFEW |
| Equity | 36% | S100YFEW |

### 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 | 3,244 | 2,367 | 2,006 | 1,987 | 2,218 |
| Equity | 1,416 | 611 | 452 | 417 | 799 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 969 | 375 | 266 | 166 | 508 |

## 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) | 10.3% | S100YFEW |
| Fixed assets ÷ total assets | 23.5% | S100YFEW |
| Goodwill ÷ parent equity | — | —, S100YFEW |

### 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) | 22.9% |
| Cash ÷ revenue | 10.0% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 192.0% |
| Cash vs. profit gap | 233 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 3.3% |
| Investing CF relative to operating CF | 263.5% |

## 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 | 6.0% | 2.01× | 12.0% | 2.29× | 27.5% | S100RHGH |
| 2023 | — | —× | -28.7% | —× | — | S100TNDT |
| 2024 | — | —× | -7.3% | —× | — | S100VZ0S |
| 2025 | — | —× | -3.1% | —× | — | S100YFEW |
| 2026 | — | —× | -7.6% | —× | — | S100YFEW |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 有限会社ティーズ | Major shareholder | 14.5% | 2026-03-31 |
| INTERACTIVE BROKERS LLC（常任代理人 インタラクティブ・ブローカーズ証券株式会社） | Major shareholder | 9.6% | 2026-03-31 |
| 株式会社ランニング | Major shareholder | 8.1% | 2026-03-31 |
| CITIBANK HONG KONG PBG CLIENTS H.K（常任代理人 シティバンク、エヌ・エイ東京支店） | Major shareholder | 8.1% | 2026-03-31 |
| L&Y貿易株式会社 | Major shareholder | 8.1% | 2026-03-31 |
| 田谷 千秋 | Major shareholder | 2.1% | 2026-03-31 |
| 株式会社赤城自動車教習所 | Major shareholder | 1.8% | 2026-03-31 |
| 榊原 卓丸 | Major shareholder | 1.6% | 2026-03-31 |
| 田谷 和正 | Major shareholder | 1.1% | 2026-03-31 |
| 楽天証券株式会社 | Major shareholder | 0.5% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第52期(2025/04/01－2026/03/31) | S100YFEW | 2026-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YFEW,, |
| 有価証券報告書－第51期(2024/04/01－2025/03/31) | S100VZ0S | 2025-06-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VZ0S,, |
| 有価証券報告書－第50期(2023/04/01－2024/03/31) | S100TNDT | 2024-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TNDT,, |
| 訂正有価証券報告書－第49期(2022/04/01－2023/03/31) | S100RHGH | 2023-07-31 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RHGH,, |
| 有価証券報告書－第48期(令和3年4月1日－令和4年3月31日) | S100OA6G | 2022-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OA6G,, |
| 有価証券報告書－第47期(令和2年4月1日－令和3年3月31日) | S100LMAJ | 2021-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LMAJ,, |

## 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).