# Tera Technology, Inc.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第36期(2025/04/01－2026/03/31) (S100YGDD)
> Page: https://vizora.meequs.com/en/company/teratech
> Retrieved: 2026-09-30T20:23:43.281Z

## Company

Tera Technology, founded in 1991, is a company in IT Services & System Integration listed on TSE Standard. It has 363 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Tera Technology, Inc. |
| Ticker | 483A |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/483A.T) |
| Listing | TSE Standard |
| Head office | 東京都豊島区東池袋三丁目4番3号 池袋イースト |
| Representative (per filing) | 代表取締役 宮本 一成 |
| Founded | Feb 1991 |
| Share capital | ¥20M |
| Employees (consolidated) | 363 |
| Average salary (parent only) | ¥6.1M |
| Fiscal year end | March |
| Website | www.teratech.co.jp (https://www.teratech.co.jp/) |
| Corporate number | 8013301007853 |
| EDINET | E41037 |
| Industries (Vizora) | IT Services & System Integration |

> Profile source: annual securities report (S100YGDD, filed 2026-06-22). As of filing

## Five-axis industry profile

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

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 51.9 | 157 |
| Profitability | 72.2 | 196 |
| Cash conversion | 29.5 | 185 |
| Efficiency | 58.4 | 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)

- Tera Technology brought in ¥4.75B in revenue.
- Out of every ¥100 of sales, about ¥12 is left as operating profit.
- Revenue changed +8.2% from the prior year, operating profit +9.6%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥4749023000 → ¥412780000
- Net income → operating cash flow: ¥412780000 → ¥377876000（difference ¥-34904000）
- Main uses of operating cash flow: CapEx ¥20708000 / dividends ¥112470000 / buybacks —
- Change in cash: ¥205028000
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 | ¥4.75B |  |
| Operating income | ¥555.6M | Margin 11.7% |
| Net income | ¥412.8M | Margin 8.7% |
| Free cash flow | ¥357.2M |  |
| Employees (consolidated) | 363 |  |
| EPS | ¥238.3 |  |
| Diluted EPS | ¥220.95 |  |
| Book value per share | ¥1562.99 |  |
| Equity ratio | 76.4% |  |
| Shares outstanding | 1,801,000 |  |
| Treasury shares | 171,000 |  |
| Shareholders | 1,416 |  |
| Average salary (parent only) | ¥6.1M | Filing company only |
| Cash ratio | 53.0% | Cash ÷ revenue 40.2% |
| Vs. industry median margin | +2.8 pp | IT Services & System Integration |
| ROE | 15.9% | Derived from disclosed figures |
| ROA | 11.9% | Derived from disclosed figures |

## Notable figures

- FY2026, cash is 53% of total assets

## What changed in 1 years

| Metric | FY ending Mar 2025 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥4387144000 | ¥4749023000 | +8.2% |
| Operating income | ¥506805000 | ¥555566000 | +9.6% |
| Operating margin | 11.6% | 11.7% | +0.1 pp |
| Employees | 347 people | 363 people | +4.6% |
| Cash and equivalents | ¥1705217000 | ¥1910246000 | +12.0% |

### 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, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 4,749 | 100.0% | S100YGDD |
| Cost of revenue | 3,576 | 75.3% | S100YGDD |
| Gross profit | 1,173 | 24.7% | S100YGDD |
| SG&A | 617 | 13.0% | S100YGDD |
| Operating income | 556 | 11.7% | S100YGDD |
| Ordinary income | 565 | 11.9% | S100YGDD |
| Pretax income | 565 | 11.9% | S100YGDD |
| Income tax | 153 | 3.2% | S100YGDD |
| Net income | 413 | 8.7% | S100YGDD |
| Net income attributable to owners | 413 | 8.7% | S100YGDD |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 75 |
| SG&A | 13 |
| Operating income | 12 |
| (Ref.) Net income | 9 |

### Margin funnel

Gross margin 24.7% → Operating margin 11.7% → Net margin 8.7%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +8.2%; Core profit growth: +9.6%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.17×
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 | 4,387 | 4,749 | 362 | +8.2% |
| Gross profit | 1,049 | 1,173 | 124 | +11.8% |
| Operating income | 507 | 556 | 49 | +9.6% |
| Net income attributable to owners | 375 | 413 | 38 | +10.2% |
| Operating cash flow | 431 | 378 | -53 | -12.3% |
| Free cash flow | 411 | 357 | -54 | -13.2% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2025 | 4,387 | 507 | 11.6% | 375 | 431 | 411 | S100YGDD |
| FY ending Mar 2026 | 4,749 | 556 | 11.7% | 413 | 378 | 357 | S100YGDD |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥13.1M |
| Operating income per employee (consolidated) | ¥1.5M |
| Net income per employee (consolidated) | ¥1.1M |

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) | 347 | 363 |
| Average salary (parent company) | — | ¥6.1M |
| Average age (parent company) | — | 32.6 years |
| Average tenure (parent company) | — | 8.3 years |

Year over year: Employees (consolidated) +4.6% · Revenue (consolidated) +8.2%

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 378 | 8.0% | S100YGDD |
| Capital expenditure | 21 | 0.4% | S100YGDD |
| Free cash flow | 357 | 7.5% | 算出 |
| Investing cash flow | -56 | -1.2% | S100YGDD |
| Financing cash flow | -116 | -2.5% | S100YGDD |
| Dividends paid | 112 | 2.4% | S100YGDD |
| Change in cash | 205 | 4.3% | S100YGDD |
| Cash and equivalents | 1,910 | 40.2% | S100YGDD |

## 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 | 1,705 | 1,910 | S100YGDD |
| Total assets | 3,356 | 3,604 | S100YGDD |
| Net assets | 2,453 | 2,753 | S100YGDD |
| Share capital | 20 | 20 | S100YGDD |
| Property, plant and equipment | 46 | 47 | S100YGDD |
| Intangible assets excluding goodwill | 2 | 1 | S100YGDD |
| Investment securities | 17 | 17 | S100YGDD |
| Current assets | 2,994 | 3,226 | S100YGDD |
| Current liabilities | 861 | 808 | S100YGDD |
| Total liabilities | 903 | 851 | S100YGDD |
| Equity attributable to owners of parent | 2,453 | 2,753 | S100YGDD |
| Retained earnings | 2,437 | 2,737 | S100YGDD |
| Treasury stock | -4 | -4 | S100YGDD |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 53% | S100YGDD |
| Property, plant and equipment | 1% | S100YGDD |
| Intangibles and goodwill | 0% | S100YGDD |
| Investment securities | 1% | S100YGDD |
| Other assets | 45% | S100YGDD |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 24% | S100YGDD |
| Equity | 76% | S100YGDD |
| Other liabilities | 0% | S100YGDD |

### Balance sheet history

| Metric | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: |
| Total assets | 3,356 | 3,604 |
| Equity | 2,453 | 2,753 |
| Interest-bearing debt | — | — |
| Cash | 1,705 | 1,910 |

## 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) | 1.0% | S100YGDD |
| Fixed assets ÷ total assets | 1.3% | S100YGDD |
| Goodwill ÷ parent equity | — | —, S100YGDD |

### 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) | 53.0% |
| Cash ÷ revenue | 40.2% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 68.0% |
| Cash vs. profit gap | -35 JPY mn (of net income -8.5%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 27.2% |
| Shareholder payments — dividends / FCF | 31.5% |
| CapEx intensity (capex ÷ revenue) | 0.4% |
| Investing CF relative to operating CF | 14.9% |

## 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 | 8.5% | 1.31× | 11.2% | 1.37× | 15.3% | S100YGDD |
| 2026 | 8.7% | 1.36× | 11.9% | 1.34× | 15.9% | S100YGDD |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社ネッツ | Major shareholder | 52.8% | 2026-03-31 |
| 宮本一成 | Major shareholder | 7.0% | 2026-03-31 |
| 上田八木短資株式会社 | Major shareholder | 2.7% | 2026-03-31 |
| BBH LUX/BROWN BROTHERS HARRIMAN (LUXEMBOURG) SCA CUSTODIAN FOR SMD-AM FUNDS - DSBI JAPAN EQUITY SMALL CAP ABSOLUTE VALUE （常任代理人 株式会社三井住友銀行） | Major shareholder | 2.6% | 2026-03-31 |
| NOMURA PB NOMINEES LIMITED OMNIBUS-MARGIN（CASHPB） （常任代理人 野村證券株式会社） | Major shareholder | 2.4% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 2.3% | 2026-03-31 |
| テラテクノロジー従業員持株会 | Major shareholder | 1.3% | 2026-03-31 |
| 楽天証券株式会社共有口 | Major shareholder | 1.0% | 2026-03-31 |
| 株式会社ＳＢＩ証券 | Major shareholder | 0.9% | 2026-03-31 |
| 岩崎 泰次 | Major shareholder | 0.7% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第36期(2025/04/01－2026/03/31) | S100YGDD | 2026-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YGDD,, |

## 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).