# Transaction Media Networks 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19期(2025/04/01－2026/03/31) (S100YJ6W)
> Page: https://vizora.meequs.com/en/company/transaction-media-networks
> Retrieved: 2026-09-30T22:13:31.861Z

## Company

Transaction Media Networks, founded in 2008, is a company in Cashless Payments listed on TSE Growth. It has 491 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Transaction Media Networks Inc. |
| Ticker | 5258 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/5258.T) |
| Listing | TSE Growth |
| Head office | 東京都中央区日本橋二丁目11番2号 |
| Representative (per filing) | 代表取締役社長 大高 敦 |
| Founded | Mar 2008 |
| Share capital | ¥6.17B |
| Employees (consolidated) | 491 |
| Average salary (parent only) | ¥7.4M |
| Fiscal year end | March |
| Website | www.tm-nets.com (https://www.tm-nets.com/) |
| Corporate number | 7010001115847 |
| EDINET | E38491 |
| Industries (Vizora) | Cashless Payments |

> Profile source: annual securities report (S100YJ6W, filed 2026-06-24). As of filing

## Key points (generated from figures)

- Transaction Media Networks brought in ¥13.3B in revenue.
- Operating profit was close to zero, a slight profit per ¥100 of sales.
- Revenue changed +7.9% from the prior year, and it swung back to an operating profit.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥13.3B |  |
| Operating income | ¥642K | Margin 0.0% |
| Net income | -¥60.5M | Margin -0.5% |
| Free cash flow | -¥1.73B |  |
| Employees (consolidated) | 491 |  |
| EPS | ¥0.82 |  |
| Diluted EPS | ¥0.82 |  |
| Book value per share | ¥226.05 |  |
| Equity ratio | 22.8% |  |
| Shares outstanding | 36,996,800 |  |
| Treasury shares | 7,321,600 |  |
| Shareholders | 9,723 |  |
| Average salary (parent only) | ¥7.4M | Filing company only |
| Cash ratio | 49.1% | Cash ÷ revenue 105.5% |
| Vs. industry median margin | -13.2 pp | Cashless Payments |
| ROA | -0.2% | Derived from disclosed figures |

## Notable figures

- FY2026, cash is 49% of total assets

## What changed in 4 years

Currency or consolidation scope differs; percentage changes are omitted.

| Metric | FY ending Mar 2022 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥7139159000 | ¥13276989000 | — |
| Operating income | ¥711073000 | ¥642000 | — |
| Operating margin | 10.0% | 0.0% | -10 pp |
| Employees | 249 people | 491 people | — |
| Cash and equivalents | ¥3419740000 | ¥14007157000 | — |

### Change in segment revenue mix

Span: FY ending Mar 2022 → 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 | 13,277 | 100.0% | S100YJ6W |
| Cost of revenue | 9,481 | 71.4% | S100YJ6W |
| Gross profit | 3,796 | 28.6% | S100YJ6W |
| SG&A | 3,796 | 28.6% | S100YJ6W |
| Operating income | 1 | 0.0% | S100YJ6W |
| Ordinary income | -74 | -0.6% | S100YJ6W |
| Pretax income | -53 | -0.4% | S100YJ6W |
| Income tax | 8 | 0.1% | S100YJ6W |
| Net income | -61 | -0.5% | S100YJ6W |
| Net income attributable to owners | -61 | -0.5% | S100YJ6W |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 71 |
| SG&A | 29 |
| Operating income | 0 |
| (Ref.) Net income | 0 |

### Margin funnel

Gross margin 28.6% → Operating margin 0.0% → Net margin -0.5%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Turned profitable
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 | 12,301 | 13,277 | 976 | +7.9% |
| Gross profit | 3,401 | 3,796 | 395 | +11.6% |
| Operating income | -505 | 1 | 505 | — |
| Net income attributable to owners | -682 | -61 | 622 | — |
| Operating cash flow | 3,624 | 1,168 | -2,456 | -67.8% |
| Free cash flow | 1,106 | -1,731 | -2,837 | -256.4% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2022 | 7,139 | 711 | 10.0% | -386 | 2,110 | 765 | S100R9JZ |
| FY ending Mar 2023 | 7,831 | 560 | 7.2% | 673 | 2,804 | 1,426 | S100R9JZ |
| FY ending Mar 2024 | 10,370 | 777 | 7.5% | 585 | 533 | -2,398 | S100W4XG |
| FY ending Mar 2025 | 12,301 | -505 | -4.1% | -682 | 3,624 | 1,106 | S100YJ6W |
| FY ending Mar 2026 | 13,277 | 1 | 0.0% | -61 | 1,168 | -1,731 | S100YJ6W |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥27M |
| Operating income per employee (consolidated) | ¥1.3K |
| Net income per employee (consolidated) | -¥123.3K |

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) | 249 | 254 | 362 | 372 | 491 |
| Average salary (parent company) | — | ¥6.9M | ¥7.5M | ¥7.6M | ¥7.4M |
| Average age (parent company) | — | 40.9 years | 40.8 years | 40.9 years | 41.4 years |
| Average tenure (parent company) | — | 4.9 years | 4.6 years | 4.9 years | 5.5 years |

Year over year: Employees (consolidated) +32.0% · Revenue (consolidated) +7.9%

## 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 | 1,168 | 8.8% | S100YJ6W |
| Capital expenditure | 2,899 | 21.8% | S100YJ6W |
| Free cash flow | -1,731 | -13.0% | 算出 |
| Investing cash flow | -3,584 | -27.0% | S100YJ6W |
| Financing cash flow | 2,354 | 17.7% | S100YJ6W |
| Share buyback | 3,500 | 26.4% | S100YJ6W |
| Change in cash | -62 | -0.5% | S100YJ6W |
| Cash and equivalents | 14,007 | 105.5% | S100YJ6W |

## 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 | 3,420 | 2,861 | 13,173 | 14,069 | 14,007 | S100R9JZ, S100YJ6W |
| Total assets | 10,372 | 9,809 | 25,559 | 26,990 | 28,548 | S100R9JZ, S100W4XG, S100YJ6W |
| Net assets | 5,767 | 4,956 | 10,830 | 10,126 | 6,566 | S100R9JZ, S100YJ6W |
| Share capital | 3,553 | 3,553 | 6,151 | 6,165 | 6,166 | S100R9JZ, S100W4XG, S100YJ6W |
| Property, plant and equipment | 792 | 643 | 1,865 | 2,114 | 2,098 | S100R9JZ, S100W4XG, S100YJ6W |
| Intangible assets excluding goodwill | 4,002 | 4,070 | 6,756 | 6,930 | 7,445 | S100R9JZ, S100W4XG, S100YJ6W |
| Goodwill | — | — | 430 | 369 | 570 | S100W4XG, S100YJ6W |
| Investment securities | — | — | 286 | 280 | 344 | S100W4XG, S100YJ6W |
| Current assets | 5,223 | 4,614 | 16,182 | 17,246 | 17,866 | S100R9JZ, S100W4XG, S100YJ6W |
| Current liabilities | 4,497 | 4,734 | 12,562 | 15,028 | 15,765 | S100R9JZ, S100W4XG, S100YJ6W |
| Short-term borrowings | 500 | — | 8 | — | — | S100R9JZ, S100W4XG |
| Long-term borrowings | — | — | 187 | 187 | 4,966 | S100W4XG, S100YJ6W |
| Total liabilities | 4,606 | 4,852 | 14,729 | 16,864 | 21,982 | S100R9JZ, S100W4XG, S100YJ6W |
| Equity attributable to owners of parent | 5,761 | 4,934 | 10,714 | 10,060 | 6,516 | S100R9JZ, S100W4XG, S100YJ6W |
| Retained earnings | -1,345 | 673 | 1,258 | 575 | 515 | S100R9JZ, S100W4XG, S100YJ6W |
| Treasury stock | — | — | — | — | -3,485 | S100YJ6W |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 49% | S100YJ6W |
| Property, plant and equipment | 8% | S100YJ6W |
| Intangibles and goodwill | 28% | S100YJ6W |
| Investment securities | 1% | S100YJ6W |
| Other assets | 14% | S100YJ6W |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 77% | S100YJ6W |
| Equity | 23% | S100YJ6W |

### 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 | 10,372 | 9,809 | 25,559 | 26,990 | 28,548 |
| Equity | 5,767 | 4,956 | 10,830 | 10,126 | 6,566 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 3,420 | 2,861 | 13,173 | 14,069 | 14,007 |

## 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) | 15.8% | S100YJ6W |
| Fixed assets ÷ total assets | 7.3% | S100YJ6W |
| Goodwill ÷ parent equity | 8.7% | S100YJ6W |

### 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) | 49.1% |
| Cash ÷ revenue | 105.5% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 181921.5% |
| Cash vs. profit gap | 1,228 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 21.8% |
| Investing CF relative to operating CF | 306.9% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | — | —× | -3.7% | —× | — | S100R9JZ |
| 2023 | 8.6% | 0.78× | 6.7% | 1.89× | 12.6% | S100R9JZ |
| 2024 | 5.6% | 0.41× | 2.3% | 2.39× | 5.5% | S100W4XG |
| 2025 | — | —× | -2.6% | —× | — | S100YJ6W |
| 2026 | — | —× | -0.2% | —× | — | S100YJ6W |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 三菱商事株式会社 | Major shareholder | 16.7% | 2026-03-31 |
| トヨタファイナンシャルサービス株式会社 | Major shareholder | 8.1% | 2026-03-31 |
| 株式会社ジェーシービー | Major shareholder | 4.7% | 2026-03-31 |
| 三井住友カード株式会社 | Major shareholder | 4.7% | 2026-03-31 |
| 野村證券株式会社 | Major shareholder | 3.1% | 2026-03-31 |
| 水元 公仁 | Major shareholder | 3.0% | 2026-03-31 |
| 木田 裕介 | Major shareholder | 2.9% | 2026-03-31 |
| 三津 久直 | Major shareholder | 2.3% | 2026-03-31 |
| ユーシーカード株式会社 | Major shareholder | 2.2% | 2026-03-31 |
| 株式会社三菱ＵＦＪ銀行 | Major shareholder | 2.2% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第19期(2025/04/01－2026/03/31) | S100YJ6W | 2026-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YJ6W,, |
| 有価証券報告書－第18期(2024/04/01－2025/03/31) | S100W4XG | 2025-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W4XG,, |
| 有価証券報告書－第17期(2023/04/01－2024/03/31) | S100TWIN | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TWIN,, |
| 有価証券報告書－第16期(2022/04/01－2023/03/31) | S100R9JZ | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R9JZ,, |

## 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).