# WEATHERNEWS INC.: business model and financials

> Latest period: FY ending May 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第40期(2025/06/01－2026/05/31) (S100YXMM)
> Page: https://vizora.meequs.com/en/company/weathernews
> Retrieved: 2026-09-30T20:50:23.062Z

## Company

Weathernews, founded in 1986, is a company in Internet Services & Apps listed on TSE Prime. It has 1,105 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | WEATHERNEWS INC. |
| Ticker | 4825 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/4825.T) |
| Listing | TSE Prime |
| Head office | 千葉市美浜区中瀬一丁目3番地 幕張テクノガーデン |
| Representative (per filing) | 代表取締役社長 石橋 知博 |
| Founded | Jun 1986 |
| Share capital | ¥1.71B |
| Employees (consolidated) | 1,105 |
| Average salary (parent only) | ¥6.5M |
| Fiscal year end | May |
| Website | jp.weathernews.com (https://jp.weathernews.com/) |
| Corporate number | 6010401003504 |
| EDINET | E05162 |
| Industries (Vizora) | Internet Services & Apps |

> Profile source: annual securities report (S100YXMM, filed 2026-08-20). As of filing

## Five-axis industry profile

Primary industry: Internet Services & Apps (2026-05-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 28.8 | 40 |
| Profitability | 83.3 | 51 |
| Cash conversion | 17.4 | 43 |
| Efficiency | 41.3 | 52 |

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)

- Weathernews brought in ¥24.5B in revenue.
- Out of every ¥100 of sales, about ¥21 is left as operating profit.
- Revenue changed +4.1% from the prior year, operating profit +16.1%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥24479267000 → ¥3810327000
- Net income → operating cash flow: ¥3810327000 → ¥3638364000（difference ¥-171963000）
- Main uses of operating cash flow: CapEx ¥207266000 / dividends ¥1771778000 / buybacks ¥232000
- Change in cash: ¥1855402000
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 | ¥24.5B |  |
| Operating income | ¥5.24B | Margin 21.4% |
| Net income | ¥3.81B | Margin 15.5% |
| Free cash flow | ¥3.43B |  |
| Employees (consolidated) | 1,105 |  |
| EPS | ¥83.28 |  |
| Diluted EPS | ¥83.22 |  |
| Book value per share | ¥507.75 |  |
| Equity ratio | 84.5% |  |
| Shares outstanding | 47,376,000 |  |
| Treasury shares | 2,955,800 |  |
| Shareholders | 27,082 |  |
| Average salary (parent only) | ¥6.5M | Filing company only |
| Cash ratio | 66.6% | Cash ÷ revenue 76.9% |
| Vs. industry median margin | +13.8 pp | Internet Services & Apps |
| ROE | 17.1% | Derived from disclosed figures |
| ROA | 14.1% | Derived from disclosed figures |

## Notable figures

- FY2026, cash is 67% of total assets
- FY2026, employees -1% while operating income rose 16%

## What changed in 5 years

| Metric | FY ending May 2021 | FY ending May 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥18843115000 | ¥24479267000 | +29.9% |
| Operating income | ¥2444832000 | ¥5244702000 | +114.5% |
| Operating margin | 13.0% | 21.4% | +8.5 pp |
| Employees | 1,101 people | 1,105 people | +0.4% |
| Cash and equivalents | ¥9249147000 | ¥18825836000 | +103.5% |

### Change in segment revenue mix

Span: FY ending May 2021 → FY ending May 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 24,479 | 100.0% | S100YXMM |
| Cost of revenue | 12,893 | 52.7% | S100YXMM |
| Gross profit | 11,586 | 47.3% | S100YXMM |
| SG&A | 6,342 | 25.9% | S100YXMM |
| Operating income | 5,245 | 21.4% | S100YXMM |
| Ordinary income | 5,456 | 22.3% | S100YXMM |
| Pretax income | 5,444 | 22.2% | S100YXMM |
| Income tax | 1,633 | 6.7% | S100YXMM |
| Net income | 3,810 | 15.6% | S100YXMM |
| Net income attributable to owners | 3,806 | 15.5% | S100YXMM |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 53 |
| SG&A | 26 |
| Operating income | 21 |
| (Ref.) Net income | 16 |

### Margin funnel

Gross margin 47.3% → Operating margin 21.4% → Net margin 15.5%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +4.1%; Core profit growth: +16.1%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 3.89×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending May 2025 → FY ending May 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 23,506 | 24,479 | 974 | +4.1% |
| Gross profit | 10,874 | 11,586 | 712 | +6.6% |
| Operating income | 4,517 | 5,245 | 727 | +16.1% |
| Net income attributable to owners | 3,115 | 3,806 | 691 | +22.2% |
| Operating cash flow | 4,428 | 3,638 | -789 | -17.8% |
| Free cash flow | 4,170 | 3,431 | -739 | -17.7% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending May 2017 | 14,542 | 2,824 | 19.4% | 1,965 | 2,718 | — | S100MCNT |
| FY ending May 2018 | 15,874 | 2,491 | 15.7% | 1,139 | 1,874 | — | S100P31V |
| FY ending May 2019 | 17,052 | 2,046 | 12.0% | 1,371 | 2,525 | — | S100RRQR |
| FY ending May 2020 | 17,953 | 2,281 | 12.7% | 1,629 | 2,670 | 1,857 | S100MCNT |
| FY ending May 2021 | 18,843 | 2,445 | 13.0% | 1,862 | 2,479 | 1,872 | S100P31V |
| FY ending May 2022 | 19,651 | 2,904 | 14.8% | 2,157 | 3,574 | 3,107 | S100RRQR |
| FY ending May 2023 | 21,115 | 3,256 | 15.4% | 2,398 | 2,385 | 1,964 | S100UA7X |
| FY ending May 2024 | 22,243 | 3,271 | 14.7% | 2,438 | 3,386 | 3,010 | S100WL79 |
| FY ending May 2025 | 23,506 | 4,517 | 19.2% | 3,115 | 4,428 | 4,170 | S100YXMM |
| FY ending May 2026 | 24,479 | 5,245 | 21.4% | 3,806 | 3,638 | 3,431 | S100YXMM |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥22.2M |
| Operating income per employee (consolidated) | ¥4.7M |
| Net income per employee (consolidated) | ¥3.4M |

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

| History | FY ending May 2022 | FY ending May 2023 | FY ending May 2024 | FY ending May 2025 | FY ending May 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 1,120 | 1,138 | 1,152 | 1,120 | 1,105 |
| Average salary (parent company) | ¥6.2M | ¥6.3M | ¥6.2M | ¥6.4M | ¥6.5M |
| Average age (parent company) | 38.7 years | 39.1 years | 39.6 years | 40.0 years | 40.0 years |
| Average tenure (parent company) | 10.4 years | 10.8 years | 11.3 years | 11.9 years | 12.6 years |

Year over year: Employees (consolidated) -1.3% · Revenue (consolidated) +4.1%

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 3,638 | 14.9% | S100YXMM |
| Capital expenditure | 207 | 0.8% | S100YXMM |
| Free cash flow | 3,431 | 14.0% | 算出 |
| Investing cash flow | -139 | -0.6% | S100YXMM |
| Financing cash flow | -1,772 | -7.2% | S100YXMM |
| Dividends paid | 1,772 | 7.2% | S100YXMM |
| Share buyback | 0 | 0.0% | S100YXMM |
| Change in cash | 1,855 | 7.6% | S100YXMM |
| Cash and equivalents | 18,826 | 76.9% | S100YXMM |

## 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 May 2022 | FY ending May 2023 | FY ending May 2024 | FY ending May 2025 | FY ending May 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 11,423 | 12,519 | 14,311 | 16,970 | 18,826 | S100UA7X, S100WL79, S100YXMM |
| Total assets | 19,127 | 20,980 | 23,058 | 25,758 | 28,259 | S100RRQR, S100UA7X, S100WL79, S100YXMM |
| Net assets | 16,844 | 18,400 | 19,788 | 21,546 | 23,893 | S100UA7X, S100WL79, S100YXMM |
| Share capital | 1,707 | 1,707 | 1,707 | 1,707 | 1,707 | S100RRQR, S100UA7X, S100WL79, S100YXMM |
| Property, plant and equipment | 1,742 | 1,684 | 1,859 | 1,821 | 1,588 | S100RRQR, S100UA7X, S100WL79, S100YXMM |
| Intangible assets excluding goodwill | 791 | 562 | 426 | 227 | 137 | S100RRQR, S100UA7X, S100WL79, S100YXMM |
| Investment securities | 181 | 182 | 200 | 190 | 212 | S100RRQR, S100UA7X, S100WL79, S100YXMM |
| Current assets | 15,315 | 17,377 | 19,393 | 22,373 | 24,697 | S100RRQR, S100UA7X, S100WL79, S100YXMM |
| Current liabilities | 2,164 | 2,301 | 2,718 | 3,570 | 3,856 | S100RRQR, S100UA7X, S100WL79, S100YXMM |
| Total liabilities | 2,283 | 2,579 | 3,270 | 4,212 | 4,366 | S100RRQR, S100UA7X, S100WL79, S100YXMM |
| Non-controlling interests | — | — | 7 | 12 | 17 | S100WL79, S100YXMM |
| Equity attributable to owners of parent | 16,630 | 18,107 | 19,356 | 21,188 | 23,404 | S100RRQR, S100UA7X, S100WL79, S100YXMM |
| Retained earnings | 14,528 | 15,824 | 16,938 | 18,616 | 20,647 | S100RRQR, S100UA7X, S100WL79, S100YXMM |
| Treasury stock | -907 | -882 | -859 | -820 | -792 | S100RRQR, S100UA7X, S100WL79, S100YXMM |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 67% | S100YXMM |
| Property, plant and equipment | 6% | S100YXMM |
| Intangibles and goodwill | 0% | S100YXMM |
| Investment securities | 1% | S100YXMM |
| Other assets | 26% | S100YXMM |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 15% | S100YXMM |
| Equity | 85% | S100YXMM |

### Balance sheet history

| Metric | FY ending May 2022 | FY ending May 2023 | FY ending May 2024 | FY ending May 2025 | FY ending May 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 19,127 | 20,980 | 23,058 | 25,758 | 28,259 |
| Equity | 16,844 | 18,400 | 19,788 | 21,546 | 23,893 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 11,423 | 12,519 | 14,311 | 16,970 | 18,826 |

## 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) | 6.5% | S100YXMM |
| Fixed assets ÷ total assets | 5.6% | S100YXMM |
| Goodwill ÷ parent equity | — | —, S100YXMM |

### 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) | 66.6% |
| Cash ÷ revenue | 76.9% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 69.4% |
| Cash vs. profit gap | -168 JPY mn (of net income -4.4%) |
| Shareholder returns / net income | 46.6% |
| Shareholder returns / FCF | 51.6% |
| Shareholder payments — dividends / net income | 46.5% |
| Shareholder payments — dividends / FCF | 51.6% |
| CapEx intensity (capex ÷ revenue) | 0.8% |
| Investing CF relative to operating CF | 3.8% |

## 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 | 11.0% | 1.03× | 11.3% | 1.15× | 13.0% | S100RRQR |
| 2023 | 11.4% | 1.05× | 12.0% | 1.15× | 13.8% | S100UA7X |
| 2024 | 11.0% | 1.01× | 11.1% | 1.18× | 13.0% | S100WL79 |
| 2025 | 13.3% | 0.96× | 12.8% | 1.20× | 15.4% | S100YXMM |
| 2026 | 15.5% | 0.91× | 14.1% | 1.21× | 17.1% | S100YXMM |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社ダブリュー・エヌ・アイ・インスティテュート | Major shareholder | 15.3% | 2026-05-31 |
| 一般財団法人WNI気象文化創造センター | Major shareholder | 15.3% | 2026-05-31 |
| 日本マスタートラスト信託銀行株式会社 （信託口） | Major shareholder | 6.3% | 2026-05-31 |
| STATE STREET BANK AND TRUST COMPANY 505025（常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 3.9% | 2026-05-31 |
| ウェザーニューズ社員サポーター持株会 | Major shareholder | 3.8% | 2026-05-31 |
| 株式会社日本カストディ銀行(信託口) | Major shareholder | 3.5% | 2026-05-31 |
| 石橋 忍子 | Major shareholder | 3.2% | 2026-05-31 |
| 日本生命保険相互会社 | Major shareholder | 1.8% | 2026-05-31 |
| 石橋 知博 | Major shareholder | 1.6% | 2026-05-31 |
| 石橋 伸一 | Major shareholder | 1.2% | 2026-05-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第40期(2025/06/01－2026/05/31) | S100YXMM | 2026-08-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YXMM,, |
| 有価証券報告書－第39期(2024/06/01－2025/05/31) | S100WL79 | 2025-08-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WL79,, |
| 有価証券報告書－第38期(2023/06/01－2024/05/31) | S100UA7X | 2024-08-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UA7X,, |
| 有価証券報告書－第37期(2022/06/01－2023/05/31) | S100RRQR | 2023-08-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RRQR,, |
| 有価証券報告書－第36期(令和3年6月1日－令和4年5月31日) | S100P31V | 2022-08-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100P31V,, |
| 有価証券報告書－第35期(令和2年6月1日－令和3年5月31日) | S100MCNT | 2021-08-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MCNT,, |

## 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).