# UNIRITA 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44期(2025/04/01－2026/03/31) (S100YDKQ)
> Page: https://vizora.meequs.com/en/company/unirita
> Retrieved: 2026-09-30T17:54:07.717Z

## Company

Unirita, founded in 2015, is a company in IT Services & System Integration listed on TSE Standard. It has 698 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | UNIRITA Inc. |
| Ticker | 3800 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3800.T) |
| Listing | TSE Standard |
| Head office | 東京都港区港南二丁目15番1号 |
| Representative (per filing) | 代表取締役 社長執行役員 北野 裕行 |
| Founded | Apr 2015 |
| Share capital | ¥1.33B |
| Employees (consolidated) | 698 |
| Average salary (parent only) | ¥6.9M |
| Fiscal year end | March |
| Website | www.unirita.co.jp (https://www.unirita.co.jp/) |
| Corporate number | 2010401034593 |
| EDINET | E05561 |
| Industries (Vizora) | IT Services & System Integration, Software & SaaS |

> Profile source: annual securities report (S100YDKQ, filed 2026-06-18). As of filing

## Five-axis industry profile

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

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 20.5 | 105 |
| Profitability | 36.2 | 145 |
| Cash conversion | 62.9 | 128 |
| Efficiency | 37.6 | 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 37% of Unirita's sales come from Software product service, with Professional service and Cloud service making up much of the rest.
- Out of every ¥100 of sales, about ¥8 is left as operating profit.
- Revenue changed +5.6% from the prior year, operating profit +14.4%.

## Company structure

- Segment revenue mix: Software product service 36.7%、Professional service 32.0%、Cloud service 31.4%
- Revenue → net income: ¥12342207000 → ¥769536000
- Net income → operating cash flow: ¥769536000 → ¥1149470000（difference ¥379934000）
- Main uses of operating cash flow: CapEx ¥367042000 / dividends ¥539710000 / buybacks ¥1000
- Change in cash: ¥-677796000
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 | ¥12.3B |  |
| Operating income | ¥962.3M | Margin 7.8% |
| Net income | ¥769.5M | Margin 6.2% |
| Free cash flow | ¥782.4M |  |
| Largest business | Software product service | of segment revenue 36.7% |
| Employees (consolidated) | 698 |  |
| EPS | ¥55.33 |  |
| Book value per share | ¥1291.73 |  |
| Equity ratio | 76.7% |  |
| Shares outstanding | 8,000,000 |  |
| Treasury shares | 389,900 |  |
| Shareholders | 4,779 |  |
| Average salary (parent only) | ¥6.9M | Filing company only |
| Cash ratio | 50.3% | Cash ÷ revenue 65.8% |
| Vs. industry median margin | -4.6 pp | Software & SaaS |
| ROE | 6.6% | Derived from disclosed figures |
| ROA | 4.9% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 75% of positive segment profit
- FY2026, segment profit share differs by 38 points
- FY2026, cash is 50% of total assets

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥10061205000 | ¥12342207000 | +22.7% |
| Operating income | ¥757149000 | ¥962270000 | +27.1% |
| Operating margin | 7.5% | 7.8% | +0.3 pp |
| Employees | 635 people | 698 people | +9.9% |
| Cash and equivalents | ¥7332893000 | ¥8124134000 | +10.8% |

### 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 |
| --- | ---: |
| プロダクトサービス → プロダクトサービス | 21.0% |
| クラウド → 事業再編・廃止 | 5.8% |
| クラウドサービス → クラウドサービス | 14.3% |
| プロダクト → 事業再編・廃止 | 14.1% |
| プロフェッショナルサービス → プロフェッショナルサービス | 14.6% |
| ソリューション → 事業再編・廃止 | 12.0% |
| メインフレーム → 事業再編・廃止 | 10.5% |
| システムインテグレーション → 事業再編・廃止 | 7.6% |
| 新設・再編 → プロダクトサービス | 15.6% |
| 新設・再編 → クラウドサービス | 17.0% |
| 新設・再編 → プロフェッショナルサービス | 17.3% |

Segment revenue source references: 11 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| Software product service | 5 years | +1.4% | ¥4526193000 | 27.3% | 2 |
| Professional service | 5 years | +6.0% | ¥3943968000 | 10.5% | 2 |
| Cloud service | 5 years | +6.1% | ¥3872045000 | -9.2% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 12,342 | 100.0% | S100YDKQ |
| Cost of revenue | 5,491 | 44.5% | S100YDKQ |
| Gross profit | 6,852 | 55.5% | S100YDKQ |
| SG&A | 5,889 | 47.7% | S100YDKQ |
| Operating income | 962 | 7.8% | S100YDKQ |
| Ordinary income | 1,135 | 9.2% | S100YDKQ |
| Pretax income | 1,236 | 10.0% | S100YDKQ |
| Income tax | 467 | 3.8% | S100YDKQ |
| Net income | 770 | 6.2% | S100YDKQ |
| Net income attributable to owners | 770 | 6.2% | S100YDKQ |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 44 |
| SG&A | 48 |
| Operating income | 8 |
| (Ref.) Net income | 6 |

### Margin funnel

Gross margin 55.5% → Operating margin 7.8% → Net margin 6.2%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +5.6%; Core profit growth: +14.4%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.58×
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 | 11,687 | 12,342 | 655 | +5.6% |
| Gross profit | 6,664 | 6,852 | 187 | +2.8% |
| Operating income | 841 | 962 | 121 | +14.4% |
| Net income attributable to owners | 717 | 770 | 53 | +7.3% |
| Operating cash flow | 429 | 1,149 | 720 | +167.9% |
| Free cash flow | 232 | 782 | 550 | +237.2% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 10,138 | 1,073 | 10.6% | 893 | 1,626 | 1,180 | S100LKIB |
| FY ending Mar 2021 | 10,061 | 757 | 7.5% | 841 | 587 | 129 | S100OG9R |
| FY ending Mar 2022 | 10,441 | 693 | 6.6% | 522 | 645 | 172 | S100R3AJ |
| FY ending Mar 2023 | 11,549 | 916 | 7.9% | 753 | 1,486 | 1,235 | S100TPJY |
| FY ending Mar 2024 | 11,982 | 1,023 | 8.5% | 816 | 1,456 | 1,278 | S100W153 |
| FY ending Mar 2025 | 11,687 | 841 | 7.2% | 717 | 429 | 232 | S100YDKQ |
| FY ending Mar 2026 | 12,342 | 962 | 7.8% | 770 | 1,149 | 782 | S100YDKQ |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥17.7M |
| Operating income per employee (consolidated) | ¥1.4M |
| 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 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 668 | 669 | 668 | 681 | 698 |
| Average salary (parent company) | ¥6.9M | ¥7M | ¥7M | ¥7.2M | ¥6.9M |
| Average age (parent company) | 39.6 years | 39.3 years | 40.1 years | 40.8 years | 41.2 years |
| Average tenure (parent company) | 12.3 years | 12.2 years | 12.7 years | 12.9 years | 13.1 years |

Year over year: Employees (consolidated) +2.5% · Revenue (consolidated) +5.6%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Software product service | 4,526 | 36.7% | 1,236 | 27.3% |
| Cloud service | 3,872 | 31.4% | -358 | -9.2% |
| Professional service | 3,944 | 32.0% | 414 | 10.5% |

### 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 product service | 36.7% | 74.9% | 38.3 | 27.3% |
| Cloud service | 31.4% | — | — | -9.2% |
| Professional service | 32.0% | 25.1% | -6.9 | 10.5% |

Loss-making segment (excluded from profit shares): Cloud service -358 JPY mn

Segment → industry: Professional service → IT Services & System Integration / Cloud service → Software & SaaS / Software product service → 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 | 1,149 | 9.3% | S100YDKQ |
| Capital expenditure | 367 | 3.0% | S100YDKQ |
| Free cash flow | 782 | 6.3% | 算出 |
| Investing cash flow | -1,294 | -10.5% | S100YDKQ |
| Financing cash flow | -540 | -4.4% | S100YDKQ |
| Dividends paid | 540 | 4.4% | S100YDKQ |
| Share buyback | 0 | 0.0% | S100YDKQ |
| Change in cash | -678 | -5.5% | S100YDKQ |
| Cash and equivalents | 8,124 | 65.8% | S100YDKQ |

## 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 | 7,280 | 8,054 | 9,014 | 8,802 | 8,124 | S100TPJY, S100W153, S100YDKQ |
| Total assets | 14,364 | 15,135 | 15,763 | 15,366 | 16,140 | S100R3AJ, S100TPJY, S100W153, S100YDKQ |
| Net assets | 10,969 | 11,330 | 11,726 | 11,972 | 12,380 | S100TPJY, S100W153, S100YDKQ |
| Share capital | 1,330 | 1,330 | 1,330 | 1,330 | 1,330 | S100R3AJ, S100TPJY, S100W153, S100YDKQ |
| Inventories | 44 | 38 | 43 | 40 | 51 | S100R3AJ, S100TPJY, S100W153, S100YDKQ |
| Property, plant and equipment | 172 | 103 | 95 | 78 | 67 | S100R3AJ, S100TPJY, S100W153, S100YDKQ |
| Intangible assets excluding goodwill | 1,255 | 1,050 | 824 | 678 | 746 | S100R3AJ, S100TPJY, S100W153, S100YDKQ |
| Goodwill | 472 | 397 | 321 | 245 | 169 | S100R3AJ, S100TPJY, S100W153, S100YDKQ |
| Investment securities | 2,686 | 2,795 | 2,845 | 2,853 | 3,083 | S100R3AJ, S100TPJY, S100W153, S100YDKQ |
| Current assets | 9,871 | 10,820 | 11,665 | 11,436 | 11,956 | S100R3AJ, S100TPJY, S100W153, S100YDKQ |
| Current liabilities | 3,184 | 3,577 | 3,815 | 3,097 | 3,428 | S100R3AJ, S100TPJY, S100W153, S100YDKQ |
| Total liabilities | 3,395 | 3,806 | 4,037 | 3,394 | 3,760 | S100R3AJ, S100TPJY, S100W153, S100YDKQ |
| Equity attributable to owners of parent | 10,608 | 10,887 | 11,226 | 11,460 | 11,734 | S100R3AJ, S100TPJY, S100W153, S100YDKQ |
| Retained earnings | 8,423 | 8,663 | 8,965 | 9,159 | 9,389 | S100R3AJ, S100TPJY, S100W153, S100YDKQ |
| Treasury stock | -725 | -690 | -660 | -629 | -593 | S100R3AJ, S100TPJY, S100W153, S100YDKQ |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 50% | S100YDKQ |
| Inventories | 0% | S100YDKQ |
| Property, plant and equipment | 1% | S100YDKQ |
| Intangibles and goodwill | 6% | S100YDKQ |
| Investment securities | 19% | S100YDKQ |
| Other assets | 24% | S100YDKQ |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 23% | S100YDKQ |
| Equity | 77% | S100YDKQ |

### 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 | 14,364 | 15,135 | 15,763 | 15,366 | 16,140 |
| Equity | 10,969 | 11,330 | 11,726 | 11,972 | 12,380 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 7,280 | 8,054 | 9,014 | 8,802 | 8,124 |

## 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) | 0.5% | S100YDKQ |
| Fixed assets ÷ total assets | 0.4% | S100YDKQ |
| Goodwill ÷ parent equity | 1.4% | S100YDKQ |

Goodwill over 4 years: 472 → 169 JPY; total investing cash flow: -1,538 JPY. This does not imply causation.

### 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) | 50.3% |
| Cash ÷ revenue | 65.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 119.5% |
| Cash vs. profit gap | 380 JPY mn (of net income 49.4%) |
| Shareholder returns / net income | 70.1% |
| Shareholder returns / FCF | 69.0% |
| Shareholder payments — dividends / net income | 70.1% |
| Shareholder payments — dividends / FCF | 69.0% |
| CapEx intensity (capex ÷ revenue) | 3.0% |
| Investing CF relative to operating CF | 112.5% |

## 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 | 5.0% | 0.73× | 3.6% | 1.35× | 4.9% | S100R3AJ |
| 2023 | 6.5% | 0.78× | 5.1% | 1.37× | 7.0% | S100TPJY |
| 2024 | 6.8% | 0.78× | 5.3% | 1.40× | 7.4% | S100W153 |
| 2025 | 6.1% | 0.75× | 4.6% | 1.37× | 6.3% | S100YDKQ |
| 2026 | 6.2% | 0.78× | 4.9% | 1.36× | 6.6% | S100YDKQ |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| ユニリタ社員持株会 | Major shareholder | 6.8% | 2026-03-31 |
| 光通信ＫＫ投資事業有限責任組合 | Major shareholder | 6.4% | 2026-03-31 |
| 株式会社ビジネスコンサルタント | Major shareholder | 5.8% | 2026-03-31 |
| 株式会社リンクレア | Major shareholder | 5.6% | 2026-03-31 |
| 株式会社三菱ＵＦＪ銀行 | Major shareholder | 4.9% | 2026-03-31 |
| 株式会社クエスト | Major shareholder | 3.6% | 2026-03-31 |
| 株式会社みどり会 | Major shareholder | 3.5% | 2026-03-31 |
| 三菱ＵＦＪ信託銀行株式会社 | Major shareholder | 3.4% | 2026-03-31 |
| 日本情報産業株式会社 | Major shareholder | 3.3% | 2026-03-31 |
| 株式会社アイネット | Major shareholder | 3.3% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第44期(2025/04/01－2026/03/31) | S100YDKQ | 2026-06-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YDKQ,, |
| 有価証券報告書－第43期(2024/04/01－2025/03/31) | S100W153 | 2025-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W153,, |
| 有価証券報告書－第42期(2023/04/01－2024/03/31) | S100TPJY | 2024-06-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TPJY,, |
| 有価証券報告書－第41期(2022/04/01－2023/03/31) | S100R3AJ | 2023-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R3AJ,, |
| 有価証券報告書－第40期(令和3年4月1日－令和4年3月31日) | S100OG9R | 2022-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OG9R,, |
| 有価証券報告書－第39期(令和2年4月1日－令和3年3月31日) | S100LKIB | 2021-06-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LKIB,, |

## 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).