# TECNISCO, LTD.: 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58期(2025/07/01－2026/06/30) (S100Z3YV)
> Page: https://vizora.meequs.com/en/company/tecnisco
> Retrieved: 2026-09-30T20:48:14.279Z

## Company

Tecnisco, founded in 1970, is a company in Electronic Components listed on TSE Standard. It has 244 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | TECNISCO, LTD. |
| Ticker | 2962 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/2962.T) |
| Listing | TSE Standard |
| Head office | 東京都品川区南品川二丁目2番15号 |
| Representative (per filing) | 代表取締役社長 関家 圭三 |
| Founded | Feb 1970 |
| Share capital | ¥789.2M |
| Employees (consolidated) | 244 |
| Average salary (parent only) | ¥4.9M |
| Fiscal year end | June |
| Website | www.tecnisco.com (https://www.tecnisco.com/) |
| Corporate number | 7010701006313 |
| EDINET | E38523 |
| Industries (Vizora) | Electronic Components |

> Profile source: annual securities report (S100Z3YV, filed 2026-09-25). As of filing

## Five-axis industry profile

Primary industry: Electronic Components (2026-06-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 2.8 | 53 |
| Profitability | 8 | 56 |
| Efficiency | 25.9 | 56 |

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)

- Tecnisco brought in ¥3.75B in revenue.
- It lost about ¥2 for every ¥100 of sales at the operating level.
- Revenue changed +11.4% from the prior year.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥3.75B |  |
| Operating income | -¥74.9M | Margin -2.0% |
| Net income | ¥5.5M | Margin 0.1% |
| Free cash flow | -¥105.3M |  |
| Employees (consolidated) | 244 |  |
| EPS | ¥4.37 |  |
| Book value per share | ¥187.27 |  |
| Equity ratio | 25.7% |  |
| Shares outstanding | 9,193,374 |  |
| Shareholders | 4,704 |  |
| Average salary (parent only) | ¥4.9M | Filing company only |
| Cash ratio | 28.9% | Cash ÷ revenue 53.1% |
| Vs. industry median margin | -7.9 pp | Electronic Components |
| ROE | 0.5% | Derived from disclosed figures |
| ROA | 0.1% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 18.6× net income
- FY2026, cash is 29% of total assets

## What changed in 4 years

| Metric | FY ending Jun 2022 | FY ending Jun 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥5480794000 | ¥3745882000 | -31.7% |
| Operating income | ¥619590000 | ¥-74890000 | -112.1% |
| Operating margin | 11.3% | -2.0% | -13.3 pp |
| Employees | 315 people | 244 people | -22.5% |
| Cash and equivalents | ¥835848000 | ¥1987635000 | +137.8% |

### Change in segment revenue mix

Span: FY ending Jun 2022 → FY ending Jun 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 3,746 | 100.0% | S100Z3YV |
| Cost of revenue | 2,227 | 59.5% | S100Z3YV |
| Gross profit | 1,519 | 40.5% | S100Z3YV |
| SG&A | 1,593 | 42.5% | S100Z3YV |
| Operating income | -75 | -2.0% | S100Z3YV |
| Ordinary income | 18 | 0.5% | S100Z3YV |
| Pretax income | 13 | 0.4% | S100Z3YV |
| Income tax | 8 | 0.2% | S100Z3YV |
| Net income | 6 | 0.1% | S100Z3YV |
| Net income attributable to owners | 6 | 0.1% | S100Z3YV |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 59 |
| SG&A | 43 |
| Operating income | -2 |
| (Ref.) Net income | 0 |

### Margin funnel

Gross margin 40.5% → Operating margin -2.0% → Net margin 0.1%
Derived from reported figures (DERIVED).

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 3,362 | 3,746 | 384 | +11.4% |
| Gross profit | 130 | 1,519 | 1,388 | +1064.1% |
| Operating income | -1,443 | -75 | 1,368 | — |
| Net income attributable to owners | -2,977 | 6 | 2,982 | — |
| Operating cash flow | -257 | 103 | 360 | — |
| Free cash flow | -423 | -105 | 318 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jun 2022 | 5,481 | 620 | 11.3% | 803 | 1,043 | 268 | S100RXQX |
| FY ending Jun 2023 | 5,347 | 273 | 5.1% | 222 | 361 | -294 | S100UG1F |
| FY ending Jun 2024 | 4,683 | -477 | -10.2% | -604 | -387 | -818 | S100WRPQ |
| FY ending Jun 2025 | 3,362 | -1,443 | -42.9% | -2,977 | -257 | -423 | S100Z3YV |
| FY ending Jun 2026 | 3,746 | -75 | -2.0% | 6 | 103 | -105 | S100Z3YV |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥15.4M |
| Operating income per employee (consolidated) | -¥306.9K |
| Net income per employee (consolidated) | ¥22.7K |

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) | 315 | 322 | 314 | 265 | 244 |
| Average salary (parent company) | — | ¥6.3M | ¥5.6M | ¥5.2M | ¥4.9M |
| Average age (parent company) | — | 42.4 years | 42.5 years | 44.3 years | 43.7 years |
| Average tenure (parent company) | — | 13.3 years | 13.8 years | 15.3 years | 14.9 years |

Year over year: Employees (consolidated) -7.9% · Revenue (consolidated) +11.4%

## 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 | 103 | 2.8% | S100Z3YV |
| Capital expenditure | 208 | 5.6% | S100Z3YV |
| Free cash flow | -105 | -2.8% | 算出 |
| Investing cash flow | -230 | -6.1% | S100Z3YV |
| Financing cash flow | 46 | 1.2% | S100Z3YV |
| Change in cash | 175 | 4.7% | S100Z3YV |
| Cash and equivalents | 1,988 | 53.1% | S100Z3YV |

## 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 | 836 | 729 | 2,080 | 1,813 | 1,988 | S100UG1F, S100WRPQ, S100Z3YV |
| Total assets | 8,141 | 8,271 | 9,509 | 6,569 | 6,873 | S100RXQX, S100UG1F, S100WRPQ, S100Z3YV |
| Net assets | 3,519 | 3,740 | 4,688 | 1,624 | 1,764 | S100UG1F, S100WRPQ, S100Z3YV |
| Share capital | 100 | 100 | 782 | 786 | 789 | S100RXQX, S100UG1F, S100WRPQ, S100Z3YV |
| Trade receivables | — | — | — | 1,208 | 661 | S100Z3YV |
| Property, plant and equipment | 3,633 | 3,855 | 3,588 | 1,925 | 1,938 | S100RXQX, S100UG1F, S100WRPQ, S100Z3YV |
| Intangible assets excluding goodwill | 414 | 377 | 370 | 369 | 369 | S100RXQX, S100UG1F, S100WRPQ, S100Z3YV |
| Goodwill | 27 | — | — | — | — | S100RXQX |
| Investment securities | 4 | 4 | 4 | 0 | — | S100RXQX, S100UG1F, S100WRPQ |
| Current assets | 3,858 | 3,822 | 5,424 | 4,143 | 4,379 | S100RXQX, S100UG1F, S100WRPQ, S100Z3YV |
| Current liabilities | 3,611 | 2,306 | 2,075 | 3,167 | 3,736 | S100RXQX, S100UG1F, S100WRPQ, S100Z3YV |
| Trade payables | 392 | 151 | 116 | 103 | 204 | S100RXQX, S100UG1F, S100WRPQ, S100Z3YV |
| Short-term borrowings | 1,221 | 539 | 270 | 1,630 | 2,300 | S100RXQX, S100UG1F, S100WRPQ, S100Z3YV |
| Long-term borrowings | 881 | 2,074 | 2,534 | 1,603 | 1,176 | S100RXQX, S100UG1F, S100WRPQ, S100Z3YV |
| Total liabilities | 4,622 | 4,532 | 4,821 | 4,945 | 5,110 | S100RXQX, S100UG1F, S100WRPQ, S100Z3YV |
| Equity attributable to owners of parent | 3,003 | 3,225 | 3,985 | 1,016 | 1,028 | S100RXQX, S100UG1F, S100WRPQ, S100Z3YV |
| Retained earnings | 561 | 783 | 179 | -2,798 | -2,792 | S100RXQX, S100UG1F, S100WRPQ, S100Z3YV |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 29% | S100Z3YV |
| Receivables | 10% | S100Z3YV |
| Property, plant and equipment | 28% | S100Z3YV |
| Intangibles and goodwill | 5% | S100Z3YV |
| Other assets | 28% | S100Z3YV |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 3% | S100Z3YV |
| Other liabilities | 71% | S100Z3YV |
| Equity | 26% | S100Z3YV |
| Other liabilities | 0% | S100Z3YV |

### 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 | 8,141 | 8,271 | 9,509 | 6,569 | 6,873 |
| Equity | 3,519 | 3,740 | 4,688 | 1,624 | 1,764 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 836 | 729 | 2,080 | 1,813 | 1,988 |

## 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) | 51.7% | S100Z3YV |
| Fixed assets ÷ total assets | 28.2% | S100Z3YV |
| Goodwill ÷ parent equity | — | —, S100Z3YV |

### 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) | 28.9% |
| Cash ÷ revenue | 53.1% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | 98 JPY mn (of net income 1759.0%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 5.6% |
| Investing CF relative to operating CF | 222.8% |

## 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 | 14.6% | 0.67× | 9.9% | 2.71× | 26.7% | S100RXQX |
| 2023 | 4.2% | 0.65× | 2.7% | 2.64× | 7.1% | S100UG1F |
| 2024 | — | —× | -6.8% | —× | — | S100WRPQ |
| 2025 | — | —× | -37.0% | —× | — | S100Z3YV |
| 2026 | 0.1% | 0.56× | 0.1% | 6.58× | 0.5% | S100Z3YV |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 合同会社ＸＥホールディングス | Major shareholder | 54.6% | 2026-06-30 |
| 関家 圭三 | Major shareholder | 5.9% | 2026-06-30 |
| 野村信託銀行株式会社（信託口2052276） | Major shareholder | 2.1% | 2026-06-30 |
| 上田 斉 | Major shareholder | 1.3% | 2026-06-30 |
| テクニスコ従業員持株会 | Major shareholder | 1.3% | 2026-06-30 |
| 吉本 昌且 | Major shareholder | 1.1% | 2026-06-30 |
| 楽天証券株式会社共有口 | Major shareholder | 1.0% | 2026-06-30 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 0.9% | 2026-06-30 |
| 関家 慶一郎 | Major shareholder | 0.9% | 2026-06-30 |
| 関家 憲二郎 | Major shareholder | 0.9% | 2026-06-30 |
| 関家 理子 | Major shareholder | 0.9% | 2026-06-30 |
| 野村信託銀行株式会社（信託口2052278） | Major shareholder | 0.9% | 2026-06-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第58期(2025/07/01－2026/06/30) | S100Z3YV | 2026-09-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z3YV,, |
| 有価証券報告書－第57期(2024/07/01－2025/06/30) | S100WRPQ | 2025-09-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WRPQ,, |
| 有価証券報告書－第56期(2023/07/01－2024/06/30) | S100UG1F | 2024-09-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UG1F,, |
| 有価証券報告書－第55期(2022/07/01－2023/06/30) | S100RXQX | 2023-09-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RXQX,, |

## 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).