# Yossix Holdings Co.,Ltd.: 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41期(2025/04/01－2026/03/31) (S100YEWX)
> Page: https://vizora.meequs.com/en/company/yossix-holdings
> Retrieved: 2026-09-30T20:00:03.784Z

## Company

Yossix Holdings, founded in 1985, is a company in Restaurants & Pubs listed on TSE Prime. It has 929 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Yossix Holdings Co.,Ltd. |
| Ticker | 3221 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3221.T) |
| Listing | TSE Prime |
| Head office | 名古屋市東区徳川1丁目9番30号 |
| Representative (per filing) | 代表取締役会長CEO 吉岡 昌成 |
| Founded | Apr 1985 |
| Share capital | ¥361.3M |
| Employees (consolidated) | 929 |
| Average salary (parent only) | ¥5.7M |
| Fiscal year end | March |
| Website | yossix.co.jp (https://yossix.co.jp/) |
| Corporate number | 3180001018582 |
| EDINET | E30656 |
| Industries (Vizora) | Restaurants & Pubs |

> Profile source: annual securities report (S100YEWX, filed 2026-06-23). As of filing

## Five-axis industry profile

Primary industry: Restaurants & Pubs (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 88.4 | 56 |
| Profitability | 99.2 | 66 |
| Cash conversion | 17.3 | 55 |
| Efficiency | 59.8 | 66 |

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)

- Yossix Holdings brought in ¥25.9B in revenue.
- Out of every ¥100 of sales, about ¥12 is left as operating profit.
- Revenue changed +13.1% from the prior year, operating profit +28.6%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥25914296000 → ¥2025372000
- Net income → operating cash flow: ¥2025372000 → ¥3170355000（difference ¥1144983000）
- Main uses of operating cash flow: CapEx ¥782931000 / dividends ¥286738000 / buybacks ¥176000
- Change in cash: ¥1504568000
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 | ¥25.9B |  |
| Operating income | ¥3B | Margin 11.6% |
| Net income | ¥2.03B | Margin 7.8% |
| Free cash flow | ¥2.39B |  |
| Employees (consolidated) | 929 |  |
| EPS | ¥57.62 |  |
| Book value per share | ¥656.28 |  |
| Equity ratio | 77.1% |  |
| Shares outstanding | 10,361,000 |  |
| Treasury shares | 104,800 |  |
| Shareholders | 15,711 |  |
| Average salary (parent only) | ¥5.7M | Filing company only |
| Cash ratio | 46.9% | Cash ÷ revenue 31.2% |
| Vs. industry median margin | +7.6 pp | Restaurants & Pubs |
| ROE | 16.4% | Derived from disclosed figures |
| ROA | 12.6% | Derived from disclosed figures |

## Notable figures

- FY2026, revenue is 3.0× its level five years ago
- FY2026, cash is 47% of total assets

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥9697002000 | ¥25914296000 | +167.2% |
| Operating income | ¥-2195075000 | ¥2995369000 | — |
| Operating margin | -22.6% | 11.6% | +34.2 pp |
| Employees | 817 people | 929 people | +13.7% |
| Cash and equivalents | ¥4719509000 | ¥8075993000 | +71.1% |

### 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.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 25,914 | 100.0% | S100YEWX |
| Cost of revenue | 8,552 | 33.0% | S100YEWX |
| Gross profit | 17,362 | 67.0% | S100YEWX |
| SG&A | 14,367 | 55.4% | S100YEWX |
| Operating income | 2,995 | 11.6% | S100YEWX |
| Ordinary income | 3,284 | 12.7% | S100YEWX |
| Pretax income | 3,031 | 11.7% | S100YEWX |
| Income tax | 1,005 | 3.9% | S100YEWX |
| Net income | 2,025 | 7.8% | S100YEWX |
| Net income attributable to owners | 2,025 | 7.8% | S100YEWX |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 33 |
| SG&A | 55 |
| Operating income | 12 |
| (Ref.) Net income | 8 |

### Margin funnel

Gross margin 67.0% → Operating margin 11.6% → Net margin 7.8%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +13.1%; Core profit growth: +28.6%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.18×
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 | 22,905 | 25,914 | 3,009 | +13.1% |
| Gross profit | 15,342 | 17,362 | 2,020 | +13.2% |
| Operating income | 2,329 | 2,995 | 667 | +28.6% |
| Net income attributable to owners | 1,758 | 2,025 | 267 | +15.2% |
| Operating cash flow | 875 | 3,170 | 2,296 | +262.4% |
| Free cash flow | 12 | 2,387 | 2,376 | +20590.0% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2021 | 9,697 | -2,195 | -22.6% | -1,269 | 66 | -535 | S100OHDU |
| FY ending Mar 2022 | 8,581 | -2,675 | -31.2% | 1,857 | 1,645 | 1,359 | S100R3CZ |
| FY ending Mar 2023 | 17,089 | 706 | 4.1% | 962 | 1,614 | 1,178 | S100TQF3 |
| FY ending Mar 2024 | 21,117 | 2,322 | 11.0% | 1,809 | 3,785 | 3,026 | S100VZZ5 |
| FY ending Mar 2025 | 22,905 | 2,329 | 10.2% | 1,758 | 875 | 12 | S100YEWX |
| FY ending Mar 2026 | 25,914 | 2,995 | 11.6% | 2,025 | 3,170 | 2,387 | S100YEWX |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥27.9M |
| Operating income per employee (consolidated) | ¥3.2M |
| Net income per employee (consolidated) | ¥2.2M |

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) | 759 | 825 | 879 | 886 | 929 |
| Average salary (parent company) | ¥5.4M | ¥5.8M | ¥5.6M | ¥5.6M | ¥5.7M |
| Average age (parent company) | 42.0 years | 42.8 years | 39.3 years | 39.1 years | 39.1 years |
| Average tenure (parent company) | 7.1 years | 7.7 years | 7.3 years | 7.7 years | 8.2 years |

Year over year: Employees (consolidated) +4.9% · Revenue (consolidated) +13.1%

## 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 | 3,170 | 12.2% | S100YEWX |
| Capital expenditure | 783 | 3.0% | S100YEWX |
| Free cash flow | 2,387 | 9.2% | 算出 |
| Investing cash flow | -1,379 | -5.3% | S100YEWX |
| Financing cash flow | -287 | -1.1% | S100YEWX |
| Dividends paid | 287 | 1.1% | S100YEWX |
| Share buyback | 0 | 0.0% | S100YEWX |
| Change in cash | 1,505 | 5.8% | S100YEWX |
| Cash and equivalents | 8,076 | 31.2% | S100YEWX |

## 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 | 5,740 | 6,145 | 7,717 | 6,571 | 8,076 | S100TQF3, S100VZZ5, S100YEWX |
| Total assets | 11,788 | 12,061 | 14,572 | 14,926 | 17,221 | S100R3CZ, S100TQF3, S100VZZ5, S100YEWX |
| Net assets | 8,248 | 8,789 | 9,902 | 11,459 | 13,285 | S100TQF3, S100VZZ5, S100YEWX |
| Share capital | 336 | 336 | 361 | 361 | 361 | S100R3CZ, S100TQF3, S100VZZ5, S100YEWX |
| Property, plant and equipment | 2,373 | 2,333 | 2,654 | 3,092 | 3,158 | S100R3CZ, S100TQF3, S100VZZ5, S100YEWX |
| Intangible assets excluding goodwill | 222 | 4 | 3 | 16 | 33 | S100R3CZ, S100TQF3, S100VZZ5, S100YEWX |
| Goodwill | 219 | — | — | — | — | S100R3CZ |
| Investment securities | 67 | 137 | 105 | 100 | 117 | S100R3CZ, S100TQF3, S100VZZ5, S100YEWX |
| Current assets | 8,463 | 8,840 | 10,894 | 10,721 | 12,835 | S100R3CZ, S100TQF3, S100VZZ5, S100YEWX |
| Current liabilities | 2,631 | 2,530 | 3,939 | 2,686 | 3,193 | S100R3CZ, S100TQF3, S100VZZ5, S100YEWX |
| Trade payables | 382 | 670 | 1,258 | 786 | 858 | S100R3CZ, S100TQF3, S100VZZ5, S100YEWX |
| Long-term borrowings | 192 | 10 | — | — | — | S100R3CZ, S100TQF3 |
| Total liabilities | 3,540 | 3,272 | 4,670 | 3,467 | 3,936 | S100R3CZ, S100TQF3, S100VZZ5, S100YEWX |
| Equity attributable to owners of parent | 8,247 | 8,788 | 9,899 | 11,458 | 13,283 | S100R3CZ, S100TQF3, S100VZZ5, S100YEWX |
| Retained earnings | 7,547 | 8,088 | 9,650 | 11,109 | 12,837 | S100R3CZ, S100TQF3, S100VZZ5, S100YEWX |
| Treasury stock | -1 | -1 | -501 | -402 | -305 | S100R3CZ, S100TQF3, S100VZZ5, S100YEWX |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 47% | S100YEWX |
| Property, plant and equipment | 18% | S100YEWX |
| Intangibles and goodwill | 0% | S100YEWX |
| Investment securities | 1% | S100YEWX |
| Other assets | 34% | S100YEWX |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 5% | S100YEWX |
| Other liabilities | 18% | S100YEWX |
| Equity | 77% | S100YEWX |

### 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 | 11,788 | 12,061 | 14,572 | 14,926 | 17,221 |
| Equity | 8,248 | 8,789 | 9,902 | 11,459 | 13,285 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 5,740 | 6,145 | 7,717 | 6,571 | 8,076 |

## 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) | 12.2% | S100YEWX |
| Fixed assets ÷ total assets | 18.3% | S100YEWX |
| Goodwill ÷ parent equity | — | —, S100YEWX |

### 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) | 46.9% |
| Cash ÷ revenue | 31.2% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 105.8% |
| Cash vs. profit gap | 1,145 JPY mn (of net income 56.5%) |
| Shareholder returns / net income | 14.2% |
| Shareholder returns / FCF | 12.0% |
| Shareholder payments — dividends / net income | 14.2% |
| Shareholder payments — dividends / FCF | 12.0% |
| CapEx intensity (capex ÷ revenue) | 3.0% |
| Investing CF relative to operating CF | 43.5% |

## 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 | 21.6% | 0.73× | 15.7% | 1.43× | 22.5% | S100R3CZ |
| 2023 | 5.6% | 1.43× | 8.1% | 1.40× | 11.3% | S100TQF3 |
| 2024 | 8.6% | 1.59× | 13.6% | 1.43× | 19.4% | S100VZZ5 |
| 2025 | 7.7% | 1.55× | 11.9% | 1.38× | 16.5% | S100YEWX |
| 2026 | 7.8% | 1.61× | 12.6% | 1.30× | 16.4% | S100YEWX |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社吉岡 | Major shareholder | 35.3% | 2026-03-31 |
| 吉岡 昌成 | Major shareholder | 6.2% | 2026-03-31 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 4.8% | 2026-03-31 |
| 吉岡 裕太郎 | Major shareholder | 3.8% | 2026-03-31 |
| 吉岡 光代 | Major shareholder | 3.0% | 2026-03-31 |
| 瀬川 雅人 | Major shareholder | 2.0% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 1.3% | 2026-03-31 |
| ＭＯＲＧＡＮ ＳＴＡＮＬＥＹ ＆ ＣＯ．ＬＬＣ 常任代理人モルガン・スタンレーＭＵＦＧ証券株式会社オペレーション本部長 アンドリューハーシャン | Major shareholder | 1.1% | 2026-03-31 |
| モルガン・スタンレーＭＵＦＧ証券株式会社 | Major shareholder | 1.1% | 2026-03-31 |
| サントリー株式会社 | Major shareholder | 1.0% | 2026-03-31 |
| アサヒビール株式会社 | Major shareholder | 1.0% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第41期(2025/04/01－2026/03/31) | S100YEWX | 2026-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YEWX,, |
| 有価証券報告書－第40期(2024/04/01－2025/03/31) | S100VZZ5 | 2025-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VZZ5,, |
| 有価証券報告書－第39期(2023/04/01－2024/03/31) | S100TQF3 | 2024-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TQF3,, |
| 有価証券報告書－第38期(2022/04/01－2023/03/31) | S100R3CZ | 2023-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R3CZ,, |
| 有価証券報告書－第37期(令和3年4月1日－令和4年3月31日) | S100OHDU | 2022-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OHDU,, |
| 有価証券報告書－第36期(令和2年4月1日－令和3年3月31日) | S100LRE9 | 2021-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LRE9,, |

## 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).