# visumo: business model and financials

> Latest period: FY ending Mar 2026, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第7期(2025/04/01－2026/03/31) (S100YCOW)
> Page: https://vizora.meequs.com/en/company/visumo
> Retrieved: 2026-09-30T20:48:14.722Z

## Company

visumo, founded in 2019, is a company in Software & SaaS listed on TSE Growth. It has 50 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | visumo Inc. |
| Ticker | 303A |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/303A.T) |
| Listing | TSE Growth |
| Head office | 東京都渋谷区渋谷二丁目1番1号 青山ファーストビル |
| Representative (per filing) | 代表取締役 社長執行役員 井上 純 |
| Founded | Apr 2019 |
| Share capital | ¥248.5M |
| Employees (consolidated) | 50 |
| Average salary (parent only) | ¥6.3M |
| Fiscal year end | March |
| Website | visumo.asia (https://visumo.asia/) |
| Corporate number | 2011001127358 |
| EDINET | E40223 |
| Industries (Vizora) | Software & SaaS |

> Profile source: annual securities report (S100YCOW, filed 2026-06-16). As of filing

## Key points (generated from figures)

- visumo brought in ¥973.2M in revenue.
- Out of every ¥100 of sales, about ¥8 is left as operating profit.
- Revenue changed +17.4% from the prior year, operating profit +2.2%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥973156000 → ¥72720000
- Net income → operating cash flow: ¥72720000 → ¥155130000（difference ¥82410000）
- Main uses of operating cash flow: CapEx ¥173739000 / dividends — / buybacks —
- Change in cash: ¥-64002000
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 | ¥973.2M |  |
| Operating income | ¥81.8M | Margin 8.4% |
| Net income | ¥72.7M | Margin 7.5% |
| Free cash flow | -¥18.6M |  |
| Employees (consolidated) | 50 |  |
| EPS | ¥41.82 |  |
| Diluted EPS | ¥41.45 |  |
| Book value per share | ¥334.91 |  |
| Equity ratio | 67.7% |  |
| Shares outstanding | 2,050,700 |  |
| Shareholders | 1,184 |  |
| Average salary (parent only) | ¥6.3M | Filing company only |
| Cash ratio | 30.2% | Cash ÷ revenue 31.5% |
| Vs. industry median margin | -4 pp | Software & SaaS |
| ROE | 12.1% | Derived from disclosed figures |
| ROA | 8.5% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 2.1× net income
- FY2026, cash is 30% of total assets

## What changed in 2 years

| Metric | FY ending Mar 2024 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥678869000 | ¥973156000 | +43.3% |
| Operating income | ¥18659000 | ¥81757000 | +338.2% |
| Operating margin | 2.7% | 8.4% | +5.7 pp |
| Employees | 33 people | 50 people | +51.5% |
| Cash and equivalents | ¥231751000 | ¥306659000 | +32.3% |

### Change in segment revenue mix

Span: FY ending Mar 2024 → 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, non-consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 973 | 100.0% | S100YCOW |
| Cost of revenue | 385 | 39.5% | S100YCOW |
| Gross profit | 588 | 60.5% | S100YCOW |
| SG&A | 507 | 52.1% | S100YCOW |
| Operating income | 82 | 8.4% | S100YCOW |
| Ordinary income | 83 | 8.5% | S100YCOW |
| Pretax income | 83 | 8.5% | S100YCOW |
| Income tax | 10 | 1.1% | S100YCOW |
| Net income | 73 | 7.5% | S100YCOW |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 40 |
| SG&A | 52 |
| Operating income | 8 |
| (Ref.) Net income | 7 |

### Margin funnel

Gross margin 60.5% → Operating margin 8.4% → Net margin 7.5%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +17.4%; Core profit growth: +2.2%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): 0.13×
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 | 829 | 973 | 144 | +17.4% |
| Gross profit | 558 | 588 | 31 | +5.5% |
| Operating income | 80 | 82 | 2 | +2.2% |
| Operating cash flow | 126 | 155 | 29 | +23.3% |
| Free cash flow | 19 | -19 | -37 | -200.6% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2024 | 679 | 19 | 2.7% | 12 | 89 | 12 | S100W0HC |
| FY ending Mar 2025 | 829 | 80 | 9.6% | 49 | 126 | 19 | S100YCOW |
| FY ending Mar 2026 | 973 | 82 | 8.4% | 73 | 155 | -19 | S100YCOW |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥19.5M |
| Operating income per employee (consolidated) | ¥1.6M |
| Net income per employee (consolidated) | ¥1.5M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: |
| Employees (consolidated) | 33 | 37 | 50 |
| Average salary (parent company) | — | ¥6.1M | ¥6.3M |
| Average age (parent company) | — | 32.4 years | 31.6 years |
| Average tenure (parent company) | — | 2.1 years | 2.3 years |

Year over year: Employees (consolidated) +35.1% · Revenue (consolidated) +17.4%

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 155 | 15.9% | S100YCOW |
| Capital expenditure | 174 | 17.9% | S100YCOW |
| Free cash flow | -19 | -1.9% | 算出 |
| Investing cash flow | -219 | -22.5% | S100YCOW |
| Change in cash | -64 | -6.6% | S100YCOW |
| Cash and equivalents | 307 | 31.5% | S100YCOW |

## 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 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: |
| Cash and equivalents | 232 | 347 | 307 | S100YCOW |
| Total assets | 512 | 696 | 1,014 | S100W0HC, S100YCOW |
| Net assets | 374 | 521 | 689 | S100YCOW |
| Share capital | 200 | 249 | 249 | S100W0HC, S100YCOW |
| Property, plant and equipment | 11 | 11 | 9 | S100W0HC, S100YCOW |
| Intangible assets excluding goodwill | 146 | 197 | 458 | S100W0HC, S100YCOW |
| Current assets | 324 | 453 | 462 | S100W0HC, S100YCOW |
| Current liabilities | 121 | 151 | 186 | S100W0HC, S100YCOW |
| Long-term borrowings | — | — | 100 | S100YCOW |
| Total liabilities | 138 | 175 | 326 | S100W0HC, S100YCOW |
| Equity attributable to owners of parent | 374 | 520 | 687 | S100W0HC, S100YCOW |
| Retained earnings | 74 | 123 | 196 | S100W0HC, S100YCOW |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 30% | S100YCOW |
| Property, plant and equipment | 1% | S100YCOW |
| Intangibles and goodwill | 45% | S100YCOW |
| Other assets | 24% | S100YCOW |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 32% | S100YCOW |
| Equity | 68% | S100YCOW |

### Balance sheet history

| Metric | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: |
| Total assets | 512 | 696 | 1,014 |
| Equity | 374 | 521 | 689 |
| Interest-bearing debt | — | — | — |
| Cash | 232 | 347 | 307 |

## 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) | 0.9% | S100YCOW |
| Fixed assets ÷ total assets | 0.9% | S100YCOW |
| Goodwill ÷ parent equity | — | —, S100YCOW |

### 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) | 30.2% |
| Cash ÷ revenue | 31.5% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 189.7% |
| Cash vs. profit gap | 82 JPY mn (of net income 113.3%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 17.9% |
| Investing CF relative to operating CF | 141.3% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2024 | 1.8% | 1.33× | 2.4% | 1.37× | 3.3% | S100W0HC |
| 2025 | 5.9% | 1.37× | 8.1% | 1.35× | 10.9% | S100YCOW |
| 2026 | 7.5% | 1.14× | 8.5% | 1.42× | 12.1% | S100YCOW |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社ソフトクリエイトホールディングス | Major shareholder | 62.5% | 2026-03-31 |
| 南 直美 | Major shareholder | 3.0% | 2026-03-31 |
| 野村證券株式会社 | Major shareholder | 1.3% | 2026-03-31 |
| ＺＥＴＡ株式会社 | Major shareholder | 0.9% | 2026-03-31 |
| ＮＯＭＵＲＡ ＩＮＴＥＲＮＡＴＩＯＮＡＬ ＰＬＣ Ａ／Ｃ ＪＡＰＡＮ ＦＬＯＷ | Major shareholder | 0.9% | 2026-03-31 |
| 楽天証券株式会社共有口 | Major shareholder | 0.9% | 2026-03-31 |
| ＧＭＯクリック証券株式会社 | Major shareholder | 0.8% | 2026-03-31 |
| 武藤 貴行 | Major shareholder | 0.8% | 2026-03-31 |
| 岡三証券株式会社 | Major shareholder | 0.6% | 2026-03-31 |
| 伊藤 豊 | Major shareholder | 0.6% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第7期(2025/04/01－2026/03/31) | S100YCOW | 2026-06-16 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YCOW,, |
| 有価証券報告書－第6期(2024/04/01－2025/03/31) | S100W0HC | 2025-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W0HC,, |

## 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).