# Ubiquitous AI Corporation: 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25期(2025/04/01－2026/03/31) (S100YDYA)
> Page: https://vizora.meequs.com/en/company/ubiquitous-ai
> Retrieved: 2026-09-30T22:16:54.911Z

## Company

Ubiquitous AI, founded in 2001, is a company in Software & SaaS listed on TSE Standard. It has 199 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Ubiquitous AI Corporation |
| Ticker | 3858 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3858.T) |
| Listing | TSE Standard |
| Head office | 東京都新宿区西新宿一丁目23番7号 |
| Representative (per filing) | 代表取締役社長 CEO 大吉 裕太 |
| Founded | May 2001 |
| Share capital | ¥1.48B |
| Employees (consolidated) | 199 |
| Average salary (parent only) | ¥7.2M |
| Fiscal year end | March |
| Website | www.ubiquitous-ai.com (https://www.ubiquitous-ai.com/) |
| Corporate number | 7011101032305 |
| EDINET | E05719 |
| Industries (Vizora) | Software & SaaS |

> Profile source: annual securities report (S100YDYA, filed 2026-06-29). As of filing

## Five-axis industry profile

Primary industry: Software & SaaS (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 67.1 | 105 |
| Profitability | 7.9 | 145 |
| Efficiency | 67.2 | 145 |

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 76% of Ubiquitous AI's sales come from Software Business Unit, with Analysis Software Business Unit making up much of the rest.
- It lost about ¥5 for every ¥100 of sales at the operating level.
- Revenue changed -5.2% from the prior year, operating profit -308.4%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥3.92B |  |
| Operating income | -¥201.1M | Margin -5.1% |
| Net income | -¥518.7M | Margin -13.2% |
| Free cash flow | -¥190.9M |  |
| Largest business | Software Business Unit | of segment revenue 76.3% |
| Employees (consolidated) | 199 |  |
| EPS | ¥-55.37 |  |
| Book value per share | ¥182.61 |  |
| Equity ratio | 51.7% |  |
| Shares outstanding | 10,459,000 |  |
| Treasury shares | 100 |  |
| Shareholders | 9,205 |  |
| Average salary (parent only) | ¥7.2M | Filing company only |
| Cash ratio | 53.9% | Cash ÷ revenue 50.8% |
| Vs. industry median margin | -17.6 pp | Software & SaaS |
| ROA | -14.5% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 100% of positive segment profit
- FY2026, segment profit share differs by 76 points
- FY2026, cash is 54% of total assets

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥1905093000 | ¥3924475000 | +106.0% |
| Operating income | ¥-206408000 | ¥-201117000 | — |
| Operating margin | -10.8% | -5.1% | +5.7 pp |
| Employees | 112 people | 199 people | +77.7% |
| Cash and equivalents | ¥1628769000 | ¥1995296000 | +22.5% |

### 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.

| Flow | Revenue share |
| --- | ---: |
| ソフトウェアプロダクト → 事業再編・廃止 | 29.2% |
| ソフトウェアディストリビューション → 事業再編・廃止 | 50.8% |
| ソフトウェアサービス → 事業再編・廃止 | 20.0% |
| 新設・再編 → ソフトウェア事業 | 76.3% |
| 新設・再編 → アナリシスソフトウェア事業 | 23.7% |

Segment revenue source references: 5 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 3,924 | 100.0% | S100YDYA |
| Cost of revenue | 2,417 | 61.6% | S100YDYA |
| Gross profit | 1,508 | 38.4% | S100YDYA |
| SG&A | 1,709 | 43.5% | S100YDYA |
| Operating income | -201 | -5.1% | S100YDYA |
| Ordinary income | -214 | -5.4% | S100YDYA |
| Pretax income | -433 | -11.0% | S100YDYA |
| Income tax | 85 | 2.2% | S100YDYA |
| Net income | -519 | -13.2% | S100YDYA |
| Net income attributable to owners | -519 | -13.2% | S100YDYA |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 62 |
| SG&A | 43 |
| Operating income | -5 |
| (Ref.) Net income | -13 |

### Margin funnel

Gross margin 38.4% → Operating margin -5.1% → Net margin -13.2%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Turned to a loss
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 | 4,139 | 3,924 | -214 | -5.2% |
| Gross profit | 1,722 | 1,508 | -214 | -12.4% |
| Operating income | 96 | -201 | -298 | -308.4% |
| Net income attributable to owners | 91 | -519 | -610 | -669.5% |
| Operating cash flow | 138 | -138 | -276 | -200.0% |
| Free cash flow | 101 | -191 | -292 | -288.6% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 2,347 | 35 | 1.5% | 77 | 218 | 202 | S100LM84 |
| FY ending Mar 2021 | 1,905 | -206 | -10.8% | -427 | -25 | -76 | S100OL5T |
| FY ending Mar 2022 | 2,058 | 78 | 3.8% | -40 | 222 | 197 | S100R8VG |
| FY ending Mar 2023 | 1,938 | -84 | -4.3% | -148 | -87 | -166 | S100TX34 |
| FY ending Mar 2024 | 3,479 | 72 | 2.1% | 33 | 188 | 166 | S100W9D6 |
| FY ending Mar 2025 | 4,139 | 96 | 2.3% | 91 | 138 | 101 | S100YDYA |
| FY ending Mar 2026 | 3,924 | -201 | -5.1% | -519 | -138 | -191 | S100YDYA |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥19.7M |
| Operating income per employee (consolidated) | -¥1M |
| Net income per employee (consolidated) | -¥2.6M |

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) | 115 | 110 | 194 | 191 | 199 |
| Average salary (parent company) | ¥7.1M | ¥7.2M | ¥7.1M | ¥7.9M | ¥7.2M |
| Average age (parent company) | 47.8 years | 49.2 years | 48.0 years | 47.0 years | 48.0 years |
| Average tenure (parent company) | 10.2 years | 11.0 years | 10.7 years | 11.0 years | 10.3 years |

Year over year: Employees (consolidated) +4.2% · Revenue (consolidated) -5.2%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Software Business Unit | 2,993 | 76.3% | -245 | -8.2% |
| Analysis Software Business Unit | 932 | 23.7% | 44 | 4.7% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Software Business Unit | 76.3% | — | — | -8.2% |
| Analysis Software Business Unit | 23.7% | 100.0% | 76.3 | 4.7% |

Loss-making segment (excluded from profit shares): Software Business Unit -245 JPY mn

Segment → industry: Analysis Software Business Unit → Software & SaaS / Software Business Unit → Software & SaaS

## 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 | -138 | -3.5% | S100YDYA |
| Capital expenditure | 53 | 1.4% | S100YDYA |
| Free cash flow | -191 | -4.9% | 算出 |
| Investing cash flow | -63 | -1.6% | S100YDYA |
| Financing cash flow | 851 | 21.7% | S100YDYA |
| Change in cash | 654 | 16.7% | S100YDYA |
| Cash and equivalents | 1,995 | 50.8% | S100YDYA |

## 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 | 1,705 | 1,515 | 1,401 | 1,341 | 1,995 | S100TX34, S100W9D6, S100YDYA |
| Total assets | 2,975 | 2,821 | 3,732 | 3,450 | 3,699 | S100R8VG, S100TX34, S100W9D6, S100YDYA |
| Net assets | 2,442 | 2,310 | 2,333 | 2,396 | 1,911 | S100TX34, S100W9D6, S100YDYA |
| Share capital | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | S100R8VG, S100TX34, S100W9D6, S100YDYA |
| Trade receivables | — | 636 | 1,050 | 1,035 | 951 | S100TX34, S100W9D6, S100YDYA |
| Property, plant and equipment | 38 | 102 | 110 | 92 | 9 | S100R8VG, S100TX34, S100W9D6, S100YDYA |
| Intangible assets excluding goodwill | 41 | 26 | 473 | 401 | 150 | S100R8VG, S100TX34, S100W9D6, S100YDYA |
| Goodwill | — | — | 442 | 348 | 117 | S100W9D6, S100YDYA |
| Investment securities | 318 | 347 | 322 | 265 | 312 | S100R8VG, S100TX34, S100W9D6, S100YDYA |
| Current assets | 2,429 | 2,240 | 2,650 | 2,513 | 3,087 | S100R8VG, S100TX34, S100W9D6, S100YDYA |
| Current liabilities | 448 | 382 | 965 | 731 | 748 | S100R8VG, S100TX34, S100W9D6, S100YDYA |
| Short-term borrowings | — | — | 162 | — | — | S100W9D6 |
| Long-term borrowings | — | — | 73 | 37 | 717 | S100W9D6, S100YDYA |
| Total liabilities | 532 | 511 | 1,399 | 1,054 | 1,788 | S100R8VG, S100TX34, S100W9D6, S100YDYA |
| Equity attributable to owners of parent | 2,311 | 2,162 | 2,195 | 2,286 | 1,768 | S100R8VG, S100TX34, S100W9D6, S100YDYA |
| Retained earnings | -626 | -774 | -742 | -650 | -1,169 | S100R8VG, S100TX34, S100W9D6, S100YDYA |
| Treasury stock | -0 | -0 | -0 | -0 | -0 | S100R8VG, S100TX34, S100W9D6, S100YDYA |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 54% | S100YDYA |
| Receivables | 26% | S100YDYA |
| Property, plant and equipment | 0% | S100YDYA |
| Intangibles and goodwill | 7% | S100YDYA |
| Investment securities | 8% | S100YDYA |
| Other assets | 5% | S100YDYA |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 48% | S100YDYA |
| Equity | 52% | S100YDYA |

### 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 | 2,975 | 2,821 | 3,732 | 3,450 | 3,699 |
| Equity | 2,442 | 2,310 | 2,333 | 2,396 | 1,911 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 1,705 | 1,515 | 1,401 | 1,341 | 1,995 |

## 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) | 0.2% | S100YDYA |
| Fixed assets ÷ total assets | 0.2% | S100YDYA |
| Goodwill ÷ parent equity | 6.6% | S100YDYA |

### 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) | 53.9% |
| Cash ÷ revenue | 50.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | 381 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 1.4% |
| Investing CF relative to operating CF | — |

## 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 | — | —× | -1.3% | —× | — | S100R8VG |
| 2023 | — | —× | -5.1% | —× | — | S100TX34 |
| 2024 | 0.9% | 1.06× | 1.0% | 1.50× | 1.5% | S100W9D6 |
| 2025 | 2.2% | 1.15× | 2.5% | 1.60× | 4.1% | S100YDYA |
| 2026 | — | —× | -14.5% | —× | — | S100YDYA |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 鈴木仁志 | Major shareholder | 2.4% | 2026-03-31 |
| 鈴木雅人 | Major shareholder | 2.0% | 2026-03-31 |
| 株式会社村田製作所 | Major shareholder | 1.9% | 2026-03-31 |
| 株式会社SBI証券 | Major shareholder | 1.8% | 2026-03-31 |
| 東京短資株式会社 | Major shareholder | 1.8% | 2026-03-31 |
| 安川堅三 | Major shareholder | 1.7% | 2026-03-31 |
| 鈴木明和 | Major shareholder | 1.7% | 2026-03-31 |
| 上田八木短資株式会社 | Major shareholder | 1.2% | 2026-03-31 |
| 鈴木ミチ子 | Major shareholder | 1.2% | 2026-03-31 |
| 滝田芳彦 | Major shareholder | 1.0% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第25期(2025/04/01－2026/03/31) | S100YDYA | 2026-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YDYA,, |
| 有価証券報告書－第24期(2024/04/01－2025/03/31) | S100W9D6 | 2025-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W9D6,, |
| 有価証券報告書－第23期(2023/04/01－2024/03/31) | S100TX34 | 2024-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TX34,, |
| 有価証券報告書－第22期(2022/04/01－2023/03/31) | S100R8VG | 2023-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R8VG,, |
| 有価証券報告書－第21期(令和3年4月1日－令和4年3月31日) | S100OL5T | 2022-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OL5T,, |
| 有価証券報告書－第20期(令和2年4月1日－令和3年3月31日) | S100LM84 | 2021-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LM84,, |

## 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).