Ano Kaisha no Shikumi
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Cookpad

Cookpad Inc.

Company highlights

A company that kept the free audience and lost the ability to earn.

Vol.6, Chapter 6 (as of 2026-08-26)

Key figures

Period Jan 2025 to Dec 2025ConsolidatedIFRS

RevenueDisclosed ¥5.3B
Operating marginCalculated 5.0%
Net assets to total assetsCalculated 91.5%

Business revenue model

Featured in

Vol.6, Chapter 6 (as of 2026-08-26)

“Kaisha no Shikumi: Free”, Chapter 6: Cookpad: Free, and No Longer Making Money

Book’s reference date 2026-08-26 / data last checked 2026-10-20

Key points in this volumeA free service's profits depend not just on how many people use it, but on who pays.

The users did not go away. Monthly users in Japan stood at about 51 million as of March 2023 (not published since). What thinned out was the paying side: advertising revenue fell 84.6%, from ¥5,089 million to ¥786 million.

Paying members also fell 36.2%, from 2,048,000 to 1,307,000. It returned to profit not because a new business grew, but because it shrank. Consolidated headcount went from 409 to 79, and selling, general and administrative expenses fell 59.2%.

Trends (figure from the book)

Cookpad's headcount, selling and administrative expenses and operating result over time: headcount from 409 to 79, expenses down 59.2%
Cookpad's contraction (figure from Chapter 6 of “Kaisha no Shikumi: Free”, in Japanese)

The move that changed Cookpad

Cookpad ended businesses and services and made itself smaller, rather than growing new businesses to bring revenue back.

In September 2018 Cookpad started Cookpad Mart, its fresh-food e-commerce service. There were two pick-up points at the start, and more than 1,000 by February 2023. The operating result from the year ended December 2021 to the year ended December 2023 was a loss of between ¥2.6 billion ($16.3 million) and ¥3.5 billion. In the year ended December 2023 the company ended part of its advertising business and five services, and cut jobs overseas and in Japan. Consolidated employees went from 409 at the end of the year ended December 2022 to 79 at the interim point of the year ending December 2026, and selling, general, and administrative expenses from about ¥12.3 billion to ¥5.022 billion. The operating result was positive in the years ended December 2024 and December 2025.

Coverage in the book

  • The Users Stayed at Around 50 Million, and Revenue Fell to a Third
  • Paying Members and Advertising Sales Both Fell
  • Six Things That Can Be Confirmed from the Disclosures
  • Employees Went from 409 to 79
  • The ¥8 of the Year Ended December 2017 Was the Last Dividend

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Cover of “Kaisha no Shikumi: Free” “Kaisha no Shikumi: Free” Chapter 6: Cookpad “Cookpad: Free, and No Longer Making Money” “Ano Kaisha no Shikumi” series, Vol.6 — Kindle and paperback Find it on Amazon →
noteクックパッドの広告売上は7年で84.6%減った　国内の月間利用者は2023年3月で約5,100万人 (Japanese) 2026-10-07 Videoクックパッドは従業員を409人から79人へ減らした　販売費および一般管理費も59.2%減り、2024年12月期から黒字が続いている (Japanese) 2026-10-05

Company profile

Securities code 2193 / EDINET code E22663 / Services / Fiscal year end end of December

目黒区大橋二丁目２２番４４号／Capital stock ¥50 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Company details
佐野 陽光 Representative

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Jan 2025 to Dec 2025) · filed 2026-03-25

Profitability ★★★☆☆position among all companies 5.0%
Growth (revenue, 4-year average) ★☆☆☆☆position among all companies -14.5%
Capital efficiency ★★☆☆☆position among all companies 5.6%

Business activities and revenue composition

Breakdown by business: not published

Revenue and profit

Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Selling general and administrative expenses IFRS ¥5.0 billion Consolidated
Salaries and allowances ¥1.1 billion Parent only
Other ¥0.9 billion Consolidated
Business consignment expenses ¥0.7 billion Consolidated
Depreciation and amortization ¥0.3 billion Consolidated
Depreciation ¥94.62 million Parent only
Rents ¥31.96 million Consolidated
Provision of allowance for doubtful accounts ¥0.01 million Parent only
Profit by stage Gross profit (loss) ¥5.3 billion Parent only
Ordinary income ¥1.2 billion Parent only
Net income ¥0.7 billion Consolidated
Operating income ¥0.3 billion Consolidated

Cookpad

Selling, general and administrative expenses

Period Jan 2025 to Dec 2025Source Annual securities reports

Selling general and administrative expenses IFRS ¥5.0 billion (62.5%)63%Salaries and allowances ¥1.1 billion (13.7%)14%Other ¥0.9 billion (10.8%)11%Business consignment expenses ¥0.7 billion (8.4%)8%Depreciation and amortization ¥0.3 billion (3.3%)Depreciation ¥0.1 billion (1.2%)¥8.0B
  • Selling general and administrative expenses IFRS　¥5.0 billion
  • Salaries and allowances　¥1.1 billion
  • Other　¥0.9 billion
  • Business consignment expenses　¥0.7 billion
  • Depreciation and amortization　¥0.3 billion
  • Depreciation　¥0.1 billion

Performance, financial position and capital allocation

Finance
91.5% Net assets to total assets Industry median 55.2% FY ending 12/2025 · consolidated / calculated
5.3% Return on assets (ROA)
¥175.93 Net assets per share
¥-4.3 billion Free cash flow
¥14.1 billion Total assets
Capital allocation
216.4% Cash conversion Industry median 106.7% FY ending 12/2025 · consolidated / calculated
6.9% Property, plant and equipment purchases relative to depreciation ★☆☆☆☆ position among all companies FY ending 12/2025 · consolidated / calculated

Long-term changes in performance

Period 2012 to 2025Disclosed

Revenue ×1.07 from 2012 to 2025

Cookpad

Long-term revenue, profit and asset trends

Period 2012 to 2025Source Annual securities reportsDisclosed

Mark on the chart
17 10 3 -4 2012 2014 2016 2018 2020 2022 2024 2025 Net sales and operating revenue Profit before tax 2015　Revenue (IFRS) year on year +114.7%, Ordinary income (loss) as a share of revenue -2.9 points 2016　Revenue (IFRS) year on year +26.3% 2017　Revenue (IFRS) year on year -20.4%, Profit (loss) before tax (IFRS) as a share of revenue +17.4 points 2018　Profit (loss) before tax (IFRS) as a share of revenue -29.8 points 2019　Profit (loss) before tax (IFRS) as a share of revenue -9.9 points 2021　Profit (loss) before tax (IFRS) as a share of revenue -27.2 points, Profit (loss) before tax (IFRS) profit to loss 2022　Profit (loss) before tax (IFRS) as a share of revenue -12.9 points 2023　Profit (loss) before tax (IFRS) as a share of revenue +7.6 points 2024　Revenue (IFRS) year on year -22.8%, Profit (loss) before tax (IFRS) as a share of revenue +50.2 points, Profit (loss) before tax (IFRS) loss to profit 5Latest value 2025 5¥ billion 17Highest in the period shown 2016 17¥ billion 5Lowest in the period shown 2012 5¥ billion ¥ billion

Recent performance trends

Year-on-year comparison

Period 2012 to 2025Disclosed

Item20212022202320242025
Revenue (IFRS) ¥10.0B ¥9.1B ¥7.6B ¥5.9B ¥5.3B
Year on year (%) -9.8% -9.2% -16.3% -22.8%◆ -9.2%
Profit (loss) before tax (IFRS) -¥2.6B -¥3.5B -¥2.4B ¥1.1B ¥1.1B
Change from prior year profit to loss◆ 1.36x 0.67x loss to profit◆ -1.0%
Profit (loss) before tax (IFRS) as a share of Revenue (IFRS) -25.9% -38.8% -31.3% 18.9% 20.6%
Change (percentage points) -27.2 points◆ -12.9 points◆ +7.6 points◆ +50.2 points◆ +1.7 points

Fiscal periods marked for changes

Earlier fiscal periods (6)
  • 2015Revenue (IFRS) year on year +114.7%, Ordinary income (loss) as a share of revenue -2.9 points
  • 2016Revenue (IFRS) year on year +26.3%
  • 2017Revenue (IFRS) year on year -20.4%, Profit (loss) before tax (IFRS) as a share of revenue +17.4 points
  • 2018Profit (loss) before tax (IFRS) as a share of revenue -29.8 points
  • 2019Profit (loss) before tax (IFRS) as a share of revenue -9.9 points
  • 2021Profit (loss) before tax (IFRS) as a share of revenue -27.2 points, Profit (loss) before tax (IFRS) profit to loss
  • 2022Profit (loss) before tax (IFRS) as a share of revenue -12.9 points
  • 2023Profit (loss) before tax (IFRS) as a share of revenue +7.6 points
  • 2024Revenue (IFRS) year on year -22.8%, Profit (loss) before tax (IFRS) as a share of revenue +50.2 points, Profit (loss) before tax (IFRS) loss to profit

Cookpad

Earnings and net assets per share over time

Unit yenSource Annual securities reports

16 -1 -17 -33 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 201 134 67 0 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen
Consolidated indicators (17 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Revenue (IFRS) ¥10.0 billion ¥9.1 billion ¥7.6 billion ¥5.9 billion ¥5.3 billion
Profit (loss) before tax (IFRS) ¥-2.6 billion ¥-3.5 billion ¥-2.4 billion ¥1.1 billion ¥1.1 billion
Profit (loss) (IFRS) ¥-3.0 billion ¥-3.6 billion ¥-2.2 billion ¥1.3 billion ¥0.7 billion
Profit (loss) attributable to owners of parent (IFRS) ¥-2.4 billion ¥-3.5 billion ¥-2.2 billion ¥1.3 billion ¥0.7 billion
Comprehensive income (IFRS) ¥-2.2 billion ¥-3.4 billion ¥-1.3 billion ¥1.9 billion ¥1.0 billion
Comprehensive income attributable to owners of parent (IFRS) ¥-1.6 billion ¥-3.3 billion ¥-1.3 billion ¥1.9 billion ¥1.0 billion
Total assets (IFRS) ¥23.9 billion ¥20.2 billion ¥14.6 billion ¥15.0 billion ¥14.1 billion
Equity attributable to owners of parent per share (IFRS) 201.22 yen 169.52 yen 146.24 yen 164.53 yen 175.06 yen
Basic earnings (loss) per share (IFRS) -22.41 yen -33.47 yen -23.21 yen 15.58 yen 9.55 yen
Diluted earnings (loss) per share (IFRS) -22.41 yen Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved
Equity attributable to owners of parent (IFRS) ¥21.0 billion ¥17.8 billion ¥13.7 billion ¥13.6 billion ¥12.9 billion
Ratio of equity attributable to owners of parent (IFRS) 88.1% 88.1% 94.0% 90.7% 91.5%
Return on equity attributable to owners of parent (IFRS) -10.7% -18.0% -14.2% 9.7% 5.6%
Net cash provided by (used in) operating activities (IFRS) ¥-1.8 billion ¥-2.7 billion ¥-2.2 billion ¥1.5 billion ¥0.6 billion
Net cash provided by (used in) investing activities (IFRS) ¥-0.3 billion ¥-0.3 billion ¥-0.5 billion ¥0.2 billion ¥-4.9 billion
Net cash provided by (used in) financing activities (IFRS) ¥-1.1 billion ¥-1.0 billion ¥-3.1 billion ¥-2.3 billion ¥-1.9 billion
Cash and cash equivalents (IFRS) ¥20.4 billion ¥16.8 billion ¥12.0 billion ¥12.1 billion ¥5.9 billion
Parent only indicators (11 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥9.5 billion ¥8.7 billion ¥7.3 billion ¥5.9 billion ¥5.3 billion
Ordinary income (loss) ¥-1.2 billion ¥-2.9 billion ¥-1.6 billion ¥1.0 billion ¥1.2 billion
Net income (loss) ¥-1.4 billion ¥-3.0 billion ¥-2.1 billion ¥1.4 billion ¥-0.7 billion
Capital stock ¥5.3 billion ¥5.3 billion ¥5.3 billion ¥50.00 million ¥50.00 million
Total number of issued shares (common stock) 107,429,400 shares 107,429,400 shares 107,429,400 shares 107,429,400 shares 107,429,400 shares
Net assets ¥23.8 billion ¥20.8 billion ¥16.0 billion ¥15.4 billion ¥12.9 billion
Total assets ¥24.9 billion ¥22.2 billion ¥16.7 billion ¥16.1 billion ¥13.7 billion
Net assets per share 227.43 yen 198.33 yen 170.56 yen 185.99 yen 175.93 yen
Basic earnings (loss) per share -13.45 yen -29.1 yen -22.37 yen 16.41 yen -9.54 yen
Equity-to-asset ratio 95.1% 93.3% 95.5% 95.1% 94.0%
Return on equity -5.8% -13.7% -11.7% 9.0% -5.2%

Dividend history

Source: reporting company’s key figures, annual securities reports · 5 years (2013 to 2017)Parent-onlyDisclosed

0 periods Consecutive increases (own definition) through FY ending 12/2017
2 periods Consecutive periods with dividends (site definition) through FY ending 12/2017
-20.0% Dividend growth (year on year)
Fewer than six years Dividend growth (5-year annual rate)
Fiscal yearAnnual dividend per share Of which interimPayout ratio (as reported, parent only) Flag
FY ending 12/2017 ¥8 Could not be retrieved 84.0%
FY ending 12/2016 ¥10 Could not be retrieved 38.2%
FY ending 12/2015 ¥10 Could not be retrieved 29.4% Stock split or share consolidation noted
FY ending 12/2014 ¥12 Could not be retrieved 20.4% Stock split or share consolidation noted, Fiscal year was not 12 months, Fiscal year was not 12 months
FY ending 4/2013 ¥10 Could not be retrieved 10.1%

Shareholder composition

As of 2025-12-31Disclosed

Share ownership by holder category

28,125 Shareholders
3.02% Foreign holders (total) Industry median 3.64%
91.30% Individuals and others Industry median 52.53%

Cookpad

Unit %Source Annual securities reports

  • Financial institutions4.17%
  • Securities firms1.11%
  • Other corporations0.40%
  • Foreign holders (institutions)2.89%
  • Foreign holders (individuals)0.13%
  • Individuals and others91.30%

Major shareholders

RankShareholderShareholding ratioShares held
1 佐野 陽光BRISTOL, UK 63.55% 46,585,300
2 日本マスタートラスト信託銀行株式会社（信託口） 5.06% 3,708,000
3 UBS AG LONDON A/C IPB SEGREGATED CLIENT ACCOUNT（常任代理人 シティバンク、エヌ・エイ東京支店） 0.97% 708,600
4 NORTHERN TRUST CO. (AVFC) RE U.S. TAX EXEMPTED PENSION FUNDS SEC LENDING（常任代理人 香港上海銀行東京支店） 0.92% 672,800
5 橋本 健太 0.66% 484,700
6 平尾 丈 0.58% 426,800
7 楽天証券株式会社共有口 0.49% 355,700
8 BNP PARIBAS LUXEMBOURG/2S/JASDEC/JANUS HENDERSON HORIZON FUND（常任代理人 香港上海銀行東京支店） 0.46% 339,200
9 株式会社日本カストディ銀行（信託口） 0.44% 323,600
10 齋藤 貴子 0.44% 322,800

Research and development expenses and capital expenditure

Source: R&D and capital expenditure sections, annual securities reports · 2 years (2020 to 2025)Disclosed

Not disclosed Research and development
¥58.00 million Capital expenditure 1.1% of revenue (industry median 2.3%)
Fiscal year Capital expenditure
FY ending 12/2025 ¥58.00 million
FY ending 12/2020 ¥0.2 billion

Revenue scale in the same industry

Cookpad

Source Annual securities reports of each company

Services: 671 companies · revenue · largest first・each company’s latest fiscal year・consolidated (parent-only where no consolidated figures)・Disclosed

Workforce information

Source: Annual Securities Report (Jan 2025 to Dec 2025)Parent-onlyDisclosed

87 Employees (parent only) Industry median 130
37.5 Average age Industry median 38.8
5.6 years Average length of service Industry median 6.6 years
¥10.07 million Average annual salary Industry median ¥5.89 million
People and organisation
52.8¥ million Sales per employee Industry median 24.2¥ million FY ending 12/2025 · consolidated / calculated
¥2.62 million Operating income per employee
17 Average temporary staff

Audit and disclosure information

Annual securities report, year ended 2025-12-31Disclosed

ItemValue
Audit firm 有限責任あずさ監査法人
Audit fees (this year, total) ¥39.95 million
Non-audit fees (this year, total) Not applicable
Non-audit fees (this year, network firms) ¥4.29 million
Going concern note Cannot be determined
Accounting standard IFRS

Sources and methodology

Retrieved disclosed figures

Accounts and values from the annual securities report, by section

Major management indicators (5 years) (27 items)

ItemValueConsolidated / Non-consolidated
Net cash provided by (used in) operating activities (IFRS) ¥0.6 billion Consolidated
Basic earnings (loss) per share (IFRS) 9.55 yen Consolidated
Revenue (IFRS) ¥5.3 billion Consolidated
Profit (loss) (IFRS) ¥0.7 billion Consolidated
Profit (loss) attributable to owners of parent (IFRS) ¥0.7 billion Consolidated
Comprehensive income (IFRS) ¥1.0 billion Consolidated
Comprehensive income attributable to owners of parent (IFRS) ¥1.0 billion Consolidated
Net cash provided by (used in) investing activities (IFRS) ¥-4.9 billion Consolidated
Cash and cash equivalents (IFRS) ¥5.9 billion Consolidated
Profit (loss) before tax (IFRS) ¥1.1 billion Consolidated
Total assets (IFRS) ¥14.1 billion Consolidated
Equity attributable to owners of parent (IFRS) ¥12.9 billion Consolidated
Return on equity attributable to owners of parent (IFRS) 5.6% Consolidated
Ratio of equity attributable to owners of parent (IFRS) 91.5% Consolidated
Net cash provided by (used in) financing activities (IFRS) ¥-1.9 billion Consolidated
Equity attributable to owners of parent per share (IFRS) 175.06 yen Consolidated
Net sales ¥5.3 billion Parent only
Net income (loss) ¥-0.7 billion Parent only
Total number of issued shares (common stock) 107,429,400 shares Parent only
Net assets ¥12.9 billion Parent only
Ordinary income (loss) ¥1.2 billion Parent only
Total assets ¥13.7 billion Parent only
Return on equity -5.2% Parent only
Equity-to-asset ratio 94.0% Parent only
Capital stock ¥50.00 million Parent only
Basic earnings (loss) per share -9.54 yen Parent only
Net assets per share 175.93 yen Parent only

Accounts unique to this company (18 items)

ItemValueConsolidated / Non-consolidated
Revenue ¥0.3 billion Consolidated
Revenue ¥12.9 billion Consolidated
Revenue 101 Consolidated
Revenue 17 Consolidated
Revenue ¥0.16 million Consolidated
Revenue ¥-0.4 billion Consolidated
Revenue ¥-26.85 million Consolidated
Revenue ¥1.1 billion Consolidated
Revenue ¥1.48 million Consolidated
Revenue ¥0.2 billion Consolidated
Revenue ¥1.40 million Consolidated
Revenue ¥1.7 billion Consolidated
Revenue ¥0.7 billion Consolidated
Revenue ¥0.8 billion Consolidated
Revenue ¥55.51 million Parent only
Revenue ¥0.7 billion Parent only
Revenue ¥0.8 billion Parent only
Revenue ¥0.9 billion Parent only

Employees (6 items)

ItemValueConsolidated / Non-consolidated
Number of employees 101 people Consolidated
Average length of service (years) 5.6 years Parent only
Average annual salary ¥10.07 million Parent only
Average age (years) 37.5 years old Parent only
Number of employees 87 people Parent only
Number of employees 87 people Parent only

Other disclosed items (4 items)

ItemValueConsolidated / Non-consolidated
Average number of temporary employees 17 people Consolidated
Average number of temporary employees 17 people Parent only
Average number of temporary employees 17 people Parent only
Total return on the share price index 213.2% Parent only

Shares (9 items)

ItemValueConsolidated / Non-consolidated
Number of shares held 53,927,500 shares Consolidated
Total number of shares held treasury shares etc 34,122,700 shares Consolidated
Number of issues whose number of shares decreased shares not listed investment shares held for purposes other than pure investment reporting company 1 issues Consolidated
Number of shares 107,429,400 shares Consolidated
Shareholding ratio treasury shares etc 31.8% Consolidated
Shareholding ratio 73.6% Consolidated
Number of shares held in own name treasury shares etc 34,122,700 shares Consolidated
Number of voting rights 732,795 units Consolidated
Total shareholder return 46.3% Parent only

Property and facilities (1 items)

ItemValueConsolidated / Non-consolidated
Capital expenditures ¥58.00 million Consolidated

Audit (4 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥39.95 million Consolidated
Fees for audit and attestation services - total ¥39.95 million Consolidated
Fees for non-audit services - reporting company ¥4.29 million Consolidated
Fees for non-audit services - total ¥4.29 million Consolidated

Balance sheet (101 items)

ItemValueConsolidated / Non-consolidated
Other ¥-67.19 million Consolidated
Other ¥0.1 billion Consolidated
Other ¥45.31 million Consolidated
Other current liabilities clifrs ¥52.11 million Consolidated
Other current assets caifrs ¥0.2 billion Consolidated
Other components of equity IFRS ¥2.3 billion Consolidated
Other financial liabilities ¥30.31 million Consolidated
Other financial assets ¥5.9 billion Consolidated
Other financial assets ¥0.2 billion Consolidated
Other non current liabilities nclifrs ¥9.46 million Consolidated
Other non current assets ncaifrs ¥7.71 million Consolidated
Software ¥-0.1 billion Consolidated
Software ¥0.1 billion Consolidated
Software IFRS ¥0.30 million Consolidated
Lease obligations ¥0.2 billion Consolidated
Lease obligations ¥0.4 billion Consolidated
Retained earnings IFRS ¥5.3 billion Consolidated
Trademarks accumulated amortization and impairment losses IFRS ¥-0.1 billion Consolidated
Trademarks acquisition cost IFRS ¥0.2 billion Consolidated
Trademarks IFRS ¥64.78 million Consolidated
Trade and other payables clifrs ¥0.3 billion Consolidated
Trade and other receivables caifrs ¥1.0 billion Consolidated
Tools, furniture and fixtures ¥0.2 billion Consolidated
Tools, furniture and fixtures ¥-0.1 billion Consolidated
Tools, furniture and fixtures ¥44.39 million Consolidated
Buildings and accompanying facilities ¥0.4 billion Consolidated
Buildings and accompanying facilities ¥-0.3 billion Consolidated
Buildings and accompanying facilities IFRS ¥0.2 billion Consolidated
Provisions nclifrs ¥0.1 billion Consolidated
Property, plant and equipment ¥0.6 billion Consolidated
Property, plant and equipment ¥-0.4 billion Consolidated
Property plant and equipment IFRS ¥0.8 billion Consolidated
Inventories ¥7.38 million Consolidated
Inventories ¥7.38 million Consolidated
Total current liabilities IFRS ¥0.6 billion Consolidated
Current assets IFRS ¥13.0 billion Consolidated
Intangible assets accumulated amortization and impairment losses IFRS ¥-0.3 billion Consolidated
Intangible assets acquisition cost IFRS ¥0.4 billion Consolidated
Intangible assets IFRS ¥0.1 billion Consolidated
Intangible assets IFRS ¥0.1 billion Consolidated
Cash and cash equivalents (IFRS) ¥5.9 billion Consolidated
Cash and cash equivalents (IFRS) ¥5.9 billion Consolidated
Net assets ¥12.9 billion Consolidated
Net assets ¥12.9 billion Consolidated
Total assets ¥14.1 billion Consolidated
Deferred tax assets IFRS ¥4.66 million Consolidated
Treasury shares IFRS ¥-7.0 billion Consolidated
Equity attributable to owners of parent (IFRS) ¥12.9 billion Consolidated
Liabilities and equity IFRS ¥14.1 billion Consolidated
Liabilities IFRS ¥1.2 billion Consolidated
Supplies ¥7.38 million Consolidated
Capital surplus IFRS ¥12.2 billion Consolidated
Share capital IFRS ¥50.00 million Consolidated
Non current labilities IFRS ¥0.6 billion Consolidated
Non current assets IFRS ¥1.1 billion Consolidated
Other ¥0.2 billion Parent only
Other ¥48.35 million Parent only
Other ¥0.5 billion Parent only
Other capital surplus ¥5.2 billion Parent only
Software ¥0.33 million Parent only
Retained earnings ¥9.3 billion Parent only
Advances received ¥1.74 million Parent only
Prepaid expenses ¥0.2 billion Parent only
Right of trademark ¥64.78 million Parent only
Non-current liabilities ¥0.2 billion Parent only
Non-current assets ¥1.2 billion Parent only
Accounts receivable - trade ¥1.0 billion Parent only
Tools, furniture and fixtures ¥0.2 billion Parent only
Tools, furniture and fixtures ¥44.39 million Parent only
Buildings ¥0.4 billion Parent only
Buildings, net ¥0.2 billion Parent only
Investments and other assets ¥0.9 billion Parent only
Subscription rights to shares ¥49.14 million Parent only
Securities ¥5.5 billion Parent only
Property, plant and equipment ¥0.2 billion Parent only
Accrued expenses ¥26.99 million Parent only
Accounts payable - other ¥0.5 billion Parent only
Shareholders' equity ¥12.9 billion Parent only
Current liabilities ¥0.6 billion Parent only
Current assets ¥12.5 billion Parent only
Accumulated depreciation and impairment loss ¥-0.1 billion Parent only
Accumulated depreciation and impairment loss ¥-0.2 billion Parent only
Intangible assets ¥86.43 million Parent only
Patent right ¥21.32 million Parent only
Cash and deposits ¥5.3 billion Parent only
Net assets ¥12.9 billion Parent only
Net assets ¥12.9 billion Parent only
Total assets ¥13.7 billion Parent only
Deferred tax assets ¥0.2 billion Parent only
Retained earnings brought forward ¥9.3 billion Parent only
Treasury stock ¥-7.0 billion Parent only
Liabilities ¥0.8 billion Parent only
Liabilities and net assets ¥13.7 billion Parent only
Accounts payable - trade ¥4.59 million Parent only
Allowance for doubtful accounts ¥-0.13 million Parent only
Capital surplus ¥10.5 billion Parent only
Legal capital surplus ¥5.3 billion Parent only
Capital stock ¥50.00 million Parent only
Asset retirement obligations ¥0.1 billion Parent only
Shares of subsidiaries and associates ¥0.5 billion Parent only
Deposits received ¥19.93 million Parent only

Statement of income (89 items)

ItemValueConsolidated / Non-consolidated
Other ¥2.71 million Consolidated
Other ¥0.9 billion Consolidated
Other ¥18.55 million Consolidated
Net change in fair value of equity instruments designated as measured at fair value through other comprehensive income net of tax items that will not be reclassified to profit or loss ociifrs ¥-17.44 million Consolidated
Other comprehensive income IFRS ¥0.2 billion Consolidated
Other comprehensive income IFRS ¥0.2 billion Consolidated
Other income IFRS ¥28.66 million Consolidated
Other income IFRS ¥28.66 million Consolidated
Other expenses IFRS ¥5.46 million Consolidated
Lease obligations ¥6.70 million Consolidated
Financial assets measured at amortized cost ¥0.3 billion Consolidated
Operating income ¥0.3 billion Consolidated
Net cash provided by (used in) operating activities ¥0.6 billion Consolidated
Exchange differences on translation of foreign operations net of tax items that may be reclassified to profit or loss ociifrs ¥0.3 billion Consolidated
Rents ¥31.96 million Consolidated
Basic earnings loss per share IFRS 9.55 yen Consolidated
Cost of sales IFRS ¥73.34 million Consolidated
Gross profit IFRS ¥5.3 billion Consolidated
Net sales ¥5.3 billion Consolidated
Advertising expenses IFRS ¥58.23 million Consolidated
Profit loss IFRS ¥0.7 billion Consolidated
Profit loss IFRS ¥0.7 billion Consolidated
Profit loss IFRS ¥0.7 billion Consolidated
Profit loss IFRS ¥0.7 billion Consolidated
Comprehensive income (IFRS) ¥1.0 billion Consolidated
Comprehensive income (IFRS) ¥1.0 billion Consolidated
Comprehensive income (IFRS) ¥1.0 billion Consolidated
Net income ¥0.7 billion Consolidated
Total transactions with owners IFRS ¥-1.7 billion Consolidated
Net cash provided by (used in) investing activities (IFRS) ¥-4.9 billion Consolidated
Forfeiture of share acquisition rights ssifrs ¥3.02 million Consolidated
Issuance of share acquisition rights ssifrs ¥6.80 million Consolidated
Share-based payment transactions ¥19.65 million Consolidated
Business consignment expenses ¥0.7 billion Consolidated
Income tax expense IFRS ¥0.4 billion Consolidated
Depreciation and amortization ¥0.3 billion Consolidated
Foreign exchange loss IFRS ¥87.56 million Consolidated
Net increase decrease in cash and cash equivalents before effect of exchange rate changes IFRS ¥-6.3 billion Consolidated
Effect of exchange rate changes on cash and cash equivalents IFRS ¥93.03 million Consolidated
Remeasurements of defined benefit plans net of tax items that will not be reclassified to profit or loss ociifrs ¥-0.28 million Consolidated
Total of items that will not be reclassified to profit or loss ociifrs ¥-17.57 million Consolidated
Total of items that may be reclassified to profit or loss ociifrs ¥0.3 billion Consolidated
Financial assets measured at fair value through profit or loss ¥6.95 million Consolidated
Financial assets measured at fair value through profit or loss ¥0.7 billion Consolidated
Profit loss before tax IFRS ¥1.1 billion Consolidated
Profit loss before tax IFRS ¥1.1 billion Consolidated
Purchase of treasury stock ¥-1.7 billion Consolidated
Government grant income IFRS ¥25.95 million Consolidated
Comprehensive income attributable to owners of parent IFRS ¥1.0 billion Consolidated
Net cash provided by (used in) financing activities (IFRS) ¥-1.9 billion Consolidated
Selling general and administrative expenses IFRS ¥5.0 billion Consolidated
Selling general and administrative expenses IFRS ¥5.0 billion Consolidated
Finance income IFRS ¥0.9 billion Consolidated
Finance income IFRS ¥0.9 billion Consolidated
Finance costs IFRS ¥0.1 billion Consolidated
Finance costs IFRS ¥0.1 billion Consolidated
Other ¥28.45 million Parent only
Other ¥4.40 million Parent only
Interest income ¥0.1 billion Parent only
Dividend income ¥6.95 million Parent only
Operating income ¥0.3 billion Parent only
Non-operating income ¥1.0 billion Parent only
Non-operating expenses ¥61.15 million Parent only
Cost of sales ¥73.34 million Parent only
Gross profit (loss) ¥5.3 billion Parent only
Net sales ¥5.3 billion Parent only
Net income (loss) ¥-0.7 billion Parent only
Net income (loss) ¥-0.7 billion Parent only
Loss on valuation of investment securities ¥11.37 million Parent only
Commission fees ¥18.55 million Parent only
Gain on reversal of share acquisition rights ¥3.02 million Parent only
Gain on sale of securities ¥0.1 billion Parent only
Gain on valuation of securities ¥0.5 billion Parent only
Income taxes - current ¥-7.16 million Parent only
Income taxes ¥0.3 billion Parent only
Income taxes - deferred ¥0.3 billion Parent only
Depreciation ¥94.62 million Parent only
Impairment loss ¥19.65 million Parent only
Foreign exchange gains ¥0.2 billion Parent only
Extraordinary income ¥3.02 million Parent only
Extraordinary loss ¥1.6 billion Parent only
Income (loss) before income taxes ¥-0.4 billion Parent only
Ordinary income ¥1.2 billion Parent only
Salaries and allowances ¥1.1 billion Parent only
Purchase of treasury stock ¥-1.7 billion Parent only
Commission for purchase of treasury shares ¥38.19 million Parent only
Selling, general and administrative expenses ¥5.0 billion Parent only
Provision of allowance for doubtful accounts ¥0.01 million Parent only
Loss on valuation of shares of subsidiaries and associates ¥1.6 billion Parent only

Statement of cash flows (17 items)

ItemValueConsolidated / Non-consolidated
Other ¥50.45 million Consolidated
Repayments of lease obligations ¥-0.2 billion Consolidated
Interest paid ope cfifrs ¥-6.70 million Consolidated
Interest and dividends received ope cfifrs ¥0.3 billion Consolidated
Increase (decrease) in trade and other payables ¥9.17 million Consolidated
Decrease (increase) in trade and other receivables ¥-18.06 million Consolidated
Subtotal ¥0.2 billion Consolidated
Payments for leasehold deposits and guarantee deposits inv cfifrs ¥-0.38 million Consolidated
Proceeds from issuance of share acquisition rights fin cfifrs ¥6.80 million Consolidated
Purchase of marketable securities inv cfifrs ¥-6.0 billion Consolidated
Purchase of property plant and equipment inv cfifrs ¥-18.49 million Consolidated
Income taxes refund (paid) ¥26.57 million Consolidated
Depreciation and amortization ¥0.3 billion Consolidated
Impairment losses reversal of impairment losses ope cfifrs ¥20.15 million Consolidated
Purchase of intangible assets inv cfifrs ¥-40.37 million Consolidated
Regarding purchase of treasury stock ¥-1.7 billion Consolidated
Finance income and expenses, net ¥-0.8 billion Consolidated

Statement of changes in equity (2 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥-2.4 billion Parent only
Net changes in items other than shareholders' equity ¥4.77 million Parent only
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥0.6 billion ConsolidatedDisclosed
Number of employees 101 ConsolidatedDisclosed
Net assets ¥12.9 billion ConsolidatedDisclosed
Net sales ¥5.3 billion ConsolidatedDisclosed
Operating income ¥0.3 billion ConsolidatedDisclosed
Ordinary income ¥1.2 billion Parent onlyDisclosed
Net income ¥0.7 billion ConsolidatedDisclosed
Total assets ¥14.1 billion ConsolidatedDisclosed
Operating margin 5.0%ConsolidatedCalculated
Net margin 13.9%ConsolidatedCalculated
Sales per employee 52838941 yenConsolidatedCalculated
Total asset turnover 0.38 timesConsolidatedCalculated
Net assets to total assets 91.5%ConsolidatedCalculated
How to read the figures, and caveats

Terms

  • Consolidated: the parent company together with the subsidiaries it consolidates
  • Parent-only: the single company that filed the annual securities report
  • Calculated: a disclosed figure put through the formula shown
  • Not disclosed: no such value in the filing (not treated as zero)
  • Not retrieved: a value this page could not extract, including values in the filing that could not be matched. The same item may appear in another table
  • Segment: a business division the company uses in its disclosures
  • Industry median: the middle value among companies in the same industry that disclose the item
  • ★: position when every company is lined up by value (not a judgement of the company)See the formulas
  • Source: document name, period covered, filing date and where it was obtained
  • Tables scroll sideways

Key figures

  • Operating margin 5%　Operating income ÷ net sales 　＝ ¥0.3 billion ÷ ¥5.3 billion
    Operating income ÷ net sales. The denominator is Net sales (Consolidated, IFRS).
  • Net margin 13.9%　Net income ÷ net sales 　＝ ¥0.7 billion ÷ ¥5.3 billion
    Net income ÷ net sales. The denominator is Net sales (Consolidated, IFRS).
  • Sales per employee 52,838,941 yen　Sales or operating revenue ÷ employees 　＝ ¥5.3 billion ÷ 101 people
    Sales or operating revenue ÷ employees. The denominator is Number of employees (Consolidated, Japanese GAAP).
  • Total asset turnover 0.38 times　Sales or operating revenue ÷ total assets 　＝ ¥5.3 billion ÷ ¥14.1 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, IFRS).
  • Net assets to total assets 91.5%　Net assets ÷ total assets 　＝ ¥12.9 billion ÷ ¥14.1 billion
    Net assets ÷ total assets. The denominator is Total assets (Consolidated, IFRS).

Company details

  • Representative　Representative Executive Officer, gBizINFO

Business activities and revenue composition

  • Breakdown by business: machine transcription of segment information (business divisions used in disclosures) in the annual securities report. No table where segment sales differ from the disclosed total by more than 1%, or where the company reports a single business

Amounts by account

  • Totals and their component lines together; consolidated and parent-only figures mixed (right-hand column)

Selling, general and administrative expenses

  • Breakdown of selling, general and administrative expenses (costs of selling and running the company). Cost of sales not included
  • Each item: already inside the SG&A total (not added to it)

Finance

  • Net assets to total assets　Net assets ÷ total assets
  • Return on assets (ROA)　Net income ÷ total assets (consolidated)
  • Net assets per share　Parent only
  • Free cash flow　Free cash flow: operating cash flow (cash generated by the business) plus investing cash flow (asset purchases, disposals and other investments), consolidated
  • Total assets　Consolidated

Capital allocation

  • ★: position when all companies are sorted by value and cut into fifths (a position, not a rating). The five items with ★: only where both numerator and denominator are available on a consolidated basisSee the formulas
  • Cash conversion　Net cash provided by (used in) operating activities ÷ operating income
  • Property, plant and equipment purchases relative to depreciation　Purchase of property, plant and equipment ÷ depreciation。Purchase of property, plant and equipment ¥18.49 million, over depreciation ¥0.3 billion

Long-term changes in performance

  • Revenue　Disclosed value for 2025 ÷ disclosed value for 2012

Year-on-year comparison

  • Year on year: calculated only where the item, reporting range and accounting standard match and the periods are consecutive
  • Comparison basis not confirmed: periods with a change of accounting standard or reporting range, a moved fiscal year end, or an unconfirmed period
  • ◆: a period where revenue moved 20% or more from the prior year, profit as a share of revenue moved 2.0 percentage points or more, or profit or loss changed sign. Item used named in the table and list. Not a ranking of companies

Earnings and net assets per share over time

  • Earnings per share = net profit ÷ shares; net assets per share = net assets ÷ shares. Disclosed values from the key financial indicators of the annual securities report. No share prices used

Dividend history

  • Payout ratio: dividends as a proportion of net profit. Dividend amounts and payout ratios: the reporting company’s parent-only disclosed values (as written in the annual securities report, not recalculated from consolidated profit). Consecutive increases: years in a row, from the latest backwards, in which the annual dividend per share rose. Consecutive years with a dividend: years in a row with an annual dividend per share above zero. Both this site’s own count (not the criteria of any published index). A year with no disclosure not read as zero; counting stops there. Range limited to the years listed above. Flagged 2 years: a note about a stock split or share consolidation, or a period other than 12 months. No calculation across those years, as the dividend per share may rest on a different share base.

Share ownership by holder category

  • Source: ownership table, annual securities report. Percentages as disclosed, calculated on trading units (some companies do not total exactly 100%). Foreign holders (total): institutions and individuals combined. “Individuals and others”: a register category (not necessarily the share actually held by individuals). Industry median: the middle value among companies in Services that disclose the item (industries with at least 5 companies only).

Major shareholders

  • Source: major shareholders table, annual securities report. Trust bank holdings as written (whose trust is not disclosed)

Research and development expenses and capital expenditure

  • Research and development: total in the R&D section of the annual securities report. Capital expenditure: this year’s actual spending in the capital expenditure overview (not a plan). Years: only those available in the annual securities reports on hand (one to four per company); no row for other years. Share of revenue: divided by consolidated revenue in the same annual securities report. Industry median: the middle value among companies in Services that disclose the item (industries with at least 5 companies only).

Revenue scale in the same industry

  • Revenue (disclosed values) of companies in the same industry, using the same grouping as the industry pages. Only the top three and the two companies either side of this one. Bar length relative to the largest company (100). An order of size, not a ranking of quality

Workforce information

  • All four: the reporting company (parent-only), as disclosed in the employee section of the annual securities report. Employees across the consolidated group: 101 (a different scope, kept apart from the four above). Industry median: the middle value among companies in Services that disclose the item (industries with at least 5 companies only).

People and organisation

  • Sales per employee　Net sales (or operating revenue) ÷ employees
  • Operating income per employee　Operating income ÷ employees
  • Average temporary staff　Consolidated, average headcount other than regular employees

Audit and disclosure information

  • Whether there is a going concern note (the accounting assumption that a company will continue operating), and audit information
  • Audit firm, audit fees, going concern note and accounting standard: facts written in the latest annual securities report and the audit report filed with it (not a judgement of the company). Going concern note: “note” when the note text is present, “not applicable” when the report states nothing to report, “cannot be determined” when neither appears. Note text not reproduced. Amended filings not shown (annual securities reports only)

Data sources and calculation methods

Primary source: the annual securities report of Cookpad Inc. on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 6010401071872 / Accounting standard: IFRS

  • Amounts: machine transcription of EDINET XBRL (no manual re-keying). Long narrative notes are text and not in the account list. Identifiers: machine transcription of the EDINET code list (retrieved 2026-08-22)
  • ★: position of the value calculated from disclosed figures among the 4,240 companies on this site, on a five-step scale. Not a judgement of the company. No forecasts usedThe formulas and how they are counted
  • No rank: net assets as a share of total assets, cash conversion and revenue per employee (size alone does not show quality). Industry median shown for comparison. Cash conversion of 100%: operating cash flow equal to operating profit
  • Profit-and-loss chart: only where “sales − cost of sales − SG&A = operating income” holds between disclosed values. Cost breakdown: the six largest SG&A items
  • Trend charts: key financial indicators of the annual securities report. Amounts in billions of yen (dividend per share in yen). Long-run chart joins reports filed in different years (newer report for overlapping years). Some items stop part-way after a change of accounting standard. A stock split changes the weight of one share. Consolidated and parent-only in separate tables
  • Revenue scale in the same industry: bars of revenue (disclosed values) of companies in the same industry grouping as the industry pages, largest first. Only the top three and the two companies either side of this one. Each company’s latest fiscal year. An order of size, not a ranking of quality or an investment view
  • Share prices: not published (no data source allows redistribution). No share-price-based indicators (such as the price earnings ratio) and no extension of past growth into the future
  • Average age, average length of service and average annual salary: the reporting company alone (the parent). At a holding company, a small head-office staff. Payout ratio (basic facts): dividend per share ÷ consolidated earnings per share, calculated here (the payout ratio in the annual securities report is the reporting company’s figure, on a different basis). Representative and founding date: gBizINFO (Ministry of Economy, Trade and Industry), some companies only
  • “Retrieved disclosed figures”: every value readable as a number from the annual securities report. Company-wide values only (no segment or other breakdowns)
  • Segment table: machine transcription of the segment information in the annual securities report. Business names as labelled by the company in its XBRL. No table where segment sales differ from the disclosed total by more than 1%. Adjustments, corporate, eliminations and “other” left out of the table and the share denominator, as they are not businesses
  • Breakdowns of amounts, not diagrams of how the business works. Who pays whom, and for what, is not in the disclosed figures; no lines drawn from guesswork
  • No reproduction of the book’s content. Figures from the same filings; text written separately