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ＩＮＣＬＵＳＩＶＥＨｏｌｄｉｎｇｓ

ＩＮＣＬＵＳＩＶＥ　Ｈｏｌｄｉｎｇｓ株式会社

Company highlights

The largest segment by revenue is 食関連, at 48.5% of the total.

Key figures

Period Apr 2025 to Mar 2026ConsolidatedJapanese GAAP

RevenueDisclosed ¥4.6B
Operating marginCalculated -9.2%
Net assets to total assetsCalculated 54.5%

Company profile

Securities code 7078 / EDINET code E35341 / Services / Fiscal year end March 31

港区虎ノ門４－１－１／Capital stock ¥10 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Company details
木村 美樹 Representative
9 Consolidated subsidiaries

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Apr 2025 to Mar 2026) · filed 2026-06-26

Profitability ★☆☆☆☆position among all companies -9.2%
Growth (revenue, 4-year average) ★★★★★position among all companies 27.2%
Capital efficiency Could not be retrieved

Business activities and revenue composition

ＩＮＣＬＵＳＩＶＥＨｏｌｄｉｎｇｓ

Revenue and profit by business segment

Period Apr 2025 to Mar 2026Source Annual securities reportsConsolidated・Disclosed

食関連食関連 Sales 48.5% 48% ブランドコンサルティン…ブランドコンサルティング Sales 48.4% 48% InvestmentInvestment Sales 2.4% 2% 宇宙関連宇宙関連 Sales 0.7% 1%
BusinessNet sales to external customers Operating income
This yearShareLast year This yearMarginLast year
食関連 ¥2.2 billion 48.5% ¥2.1 billion ¥87.44 million 4.0% ¥-53.53 million
ブランドコンサルティング ¥2.2 billion 48.4% ¥2.8 billion ¥-0.2 billion -8.3% ¥-0.3 billion
Investment ¥0.1 billion 2.4% Could not be retrieved ¥21.17 million 19.3% Could not be retrieved
宇宙関連 ¥30.08 million 0.7% ¥4.78 million ¥-3.33 million -11.1% ¥-11.00 million
Total of the businesses ¥4.6 billion100.0%

Revenue and profit

ＩＮＣＬＵＳＩＶＥＨｏｌｄｉｎｇｓ

Period Apr 2025 to Mar 2026Source Annual securities reports

Net sales and operating revenue ¥4.6B　100% Cost of sales ¥2.9B　63% Selling, general and administrative expenses ¥2.1B　46% Operating income ¥-0.4B　9%
Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Salaries and allowances ¥0.7 billion Consolidated
Directors' compensations ¥0.3 billion Consolidated
Amortization of goodwill ¥10.54 million Consolidated
Depreciation ¥7.27 million Parent only
Provision of allowance for doubtful accounts ¥5.63 million Parent only
Profit by stage Gross profit (loss) ¥1.7 billion Consolidated
Ordinary income ¥-0.4 billion Consolidated
Operating income ¥-0.4 billion Consolidated
Net income ¥-0.2 billion Consolidated

ＩＮＣＬＵＳＩＶＥＨｏｌｄｉｎｇｓ

Selling, general and administrative expenses

Period Apr 2025 to Mar 2026Source Annual securities reports

Salaries and allowances ¥0.7 billion (32.1%)32%Directors' compensations ¥0.3 billion (12.6%)13%Amortization of goodwill ¥0.0 billion (0.5%)Depreciation ¥0.0 billion (0.3%)Provision of allowance for doubtful accounts ¥0.0 billion (0.3%)Other (not itemized) ¥1.1 billion (54.2%)54%¥2.1B
  • Salaries and allowances　¥0.7 billion
  • Directors' compensations　¥0.3 billion
  • Amortization of goodwill　¥0.0 billion
  • Depreciation　¥0.0 billion
  • Provision of allowance for doubtful accounts　¥0.0 billion
  • Other (not itemized)　¥1.1 billion

Performance, financial position and capital allocation

Finance
54.5% Net assets to total assets Industry median 55.2% FY ending 3/2026 · consolidated / calculated
-5.2% Return on assets (ROA)
¥152.17 Net assets per share
¥-0.1 billion Free cash flow
¥3.4 billion Total assets
Capital allocation
-1.4% Increase in working capital ★★☆☆☆ position among all companies FY ending 3/2026 · consolidated / calculated
63.4% Property, plant and equipment purchases relative to depreciation ★★☆☆☆ position among all companies FY ending 3/2026 · consolidated / calculated
0.3% Investment securities to net assets ★☆☆☆☆ position among all companies FY ending 3/2026 · consolidated / calculated

Long-term changes in performance

Period 2017 to 2026Disclosed

Revenue ×8.33 from 2017 to 2026

ＩＮＣＬＵＳＩＶＥＨｏｌｄｉｎｇｓ

Long-term revenue, profit and asset trends

Period 2017 to 2026Source Annual securities reportsDisclosed

Mark on the chart
5 3 2 -0 2017 2019 2021 2023 2025 2026 Net sales and operating revenue Ordinary income 2019　Net sales year on year +64.6%, Ordinary income (loss) as a share of revenue +20.5 points, Ordinary income (loss) loss to profit 2021　Ordinary income (loss) as a share of revenue -14.1 points 2022　Net sales year on year +26.7%, Ordinary income (loss) as a share of revenue -5.0 points, Ordinary income (loss) profit to loss 2023　Net sales year on year +175.5%, Ordinary income (loss) as a share of revenue -5.3 points 2024　Ordinary income (loss) as a share of revenue +5.3 points 2025　Ordinary income (loss) as a share of revenue -5.3 points 2026　Ordinary income (loss) as a share of revenue -2.2 points 5Latest value 2026 5¥ billion 5Highest in the period shown 2024 5¥ billion 1Lowest in the period shown 2017 1¥ billion ¥ billion

ＩＮＣＬＵＳＩＶＥＨｏｌｄｉｎｇｓ

Recent performance trends

Source Annual securities reports

5 3 2 -0 4 years ago 3 years ago 2 years ago Last year This year Net sales and operating revenue Ordinary income ¥ billion

Year-on-year comparison

Period 2017 to 2026Disclosed

Item20222023202420252026
Net sales ¥1.7B ¥4.8B ¥5.4B ¥4.9B ¥4.6B
Year on year (%) +26.7%◆ +175.5%◆ +11.5% -8.6% -6.9%
Ordinary income (loss) -¥0.0B -¥0.3B -¥0.1B -¥0.4B -¥0.4B
Change from prior year profit to loss◆ 10.55x 0.30x 3.44x 1.21x
Ordinary income (loss) as a share of Net sales -1.9% -7.2% -1.9% -7.2% -9.4%
Change (percentage points) -5.0 points◆ -5.3 points◆ +5.3 points◆ -5.3 points◆ -2.2 points◆

Fiscal periods marked for changes

Earlier fiscal periods (4)
  • 2019Net sales year on year +64.6%, Ordinary income (loss) as a share of revenue +20.5 points, Ordinary income (loss) loss to profit
  • 2021Ordinary income (loss) as a share of revenue -14.1 points
  • 2022Net sales year on year +26.7%, Ordinary income (loss) as a share of revenue -5.0 points, Ordinary income (loss) profit to loss
  • 2023Net sales year on year +175.5%, Ordinary income (loss) as a share of revenue -5.3 points
  • 2024Ordinary income (loss) as a share of revenue +5.3 points
  • 2025Ordinary income (loss) as a share of revenue -5.3 points
  • 2026Ordinary income (loss) as a share of revenue -2.2 points

ＩＮＣＬＵＳＩＶＥＨｏｌｄｉｎｇｓ

Earnings and net assets per share over time

Unit yenSource Annual securities reports

31 -15 -61 -107 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 277 185 92 0 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen
Consolidated indicators (15 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥1.7 billion ¥4.8 billion ¥5.4 billion ¥4.9 billion ¥4.6 billion
Ordinary income (loss) ¥-32.91 million ¥-0.3 billion ¥-0.1 billion ¥-0.4 billion ¥-0.4 billion
Net income (loss) attributable to owners of parent ¥-0.1 billion ¥-0.9 billion ¥0.3 billion ¥-1.1 billion ¥-0.2 billion
Comprehensive income ¥-0.1 billion ¥-0.9 billion ¥0.3 billion ¥-1.3 billion ¥-0.2 billion
Net assets ¥1.9 billion ¥3.1 billion ¥3.4 billion ¥2.1 billion ¥1.8 billion
Total assets ¥3.2 billion ¥5.5 billion ¥5.3 billion ¥3.8 billion ¥3.4 billion
Net assets per share 227.88 yen 244.28 yen 277.38 yen 169.44 yen 152.17 yen
Basic earnings (loss) per share -14.72 yen -89.2 yen 31.38 yen -106.99 yen -17.32 yen
Diluted earnings per share Could not be retrieved Could not be retrieved 30.94 yen Could not be retrieved Could not be retrieved
Equity-to-asset ratio 58.1% 44.1% 52.3% 45.3% 45.4%
Return on equity Could not be retrieved Could not be retrieved 12.0% Could not be retrieved Could not be retrieved
Net cash provided by (used in) operating activities ¥0.1 billion ¥48.45 million ¥88.32 million ¥-0.1 billion ¥-0.2 billion
Net cash provided by (used in) investing activities ¥-0.8 billion ¥-0.6 billion ¥0.5 billion ¥80.48 million ¥0.1 billion
Net cash provided by (used in) financing activities ¥0.3 billion ¥1.1 billion ¥-0.1 billion ¥-16.23 million ¥-0.2 billion
Cash and cash equivalents ¥1.2 billion ¥1.8 billion ¥2.2 billion ¥2.2 billion ¥1.9 billion
Parent only indicators (12 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥0.8 billion ¥0.8 billion ¥0.5 billion ¥0.7 billion ¥0.7 billion
Ordinary income (loss) ¥96.53 million ¥-66.06 million ¥-93.95 million ¥-0.2 billion ¥-0.3 billion
Net income (loss) ¥15.24 million ¥-0.8 billion ¥0.5 billion ¥-1.4 billion ¥-0.3 billion
Capital stock ¥0.6 billion ¥1.3 billion ¥1.4 billion ¥14.22 million ¥14.45 million
Total number of issued shares (common stock) 8,208,689 shares 9,963,789 shares 10,009,089 shares 10,051,989 shares 10,053,189 shares
Net assets ¥1.7 billion ¥2.4 billion ¥3.0 billion ¥1.6 billion ¥1.2 billion
Total assets ¥2.4 billion ¥3.0 billion ¥3.3 billion ¥1.8 billion ¥1.3 billion
Net assets per share 210.92 yen 242.51 yen 290.19 yen 153.52 yen 107.24 yen
Basic earnings (loss) per share 1.94 yen -77.08 yen 47.06 yen -136.94 yen -29.09 yen
Diluted earnings per share 1.85 yen Could not be retrieved 46.38 yen Could not be retrieved Could not be retrieved
Equity-to-asset ratio 72.0% 81.3% 89.0% 84.1% 80.8%
Return on equity 0.9% Could not be retrieved 17.7% Could not be retrieved Could not be retrieved

Shareholder composition

As of 2026-03-31Disclosed

Share ownership by holder category

4,860 Shareholders
3.90% Foreign holders (total) Industry median 3.64%
82.00% Individuals and others Industry median 52.53%

ＩＮＣＬＵＳＩＶＥＨｏｌｄｉｎｇｓ

Unit %Source Annual securities reports

  • Financial institutions0.20%
  • Securities firms5.30%
  • Other corporations8.70%
  • Foreign holders (institutions)3.70%
  • Foreign holders (individuals)0.20%
  • Individuals and others82.00%

Major shareholders

RankShareholderShareholding ratioShares held
1 藤田 誠 41.28% 4,149,000
2 堀江 貴文 5.43% 545,000
3 インターステラテクノロジズ株式会社 3.97% 399,000
4 楽天証券株式会社 2.13% 214,000
5 株式会社Hakuhodo DY ONE 1.88% 189,000
6 ＢＮＹ ＧＣＭ ＣＬＩＥＮＴ ＡＣＣＯＵＮＴ ＪＰＲＤ ＡＣ ＩＳＧ（ＦＥ－ＡＣ）（常任代理人 株式会社三菱ＵＦＪ銀行)） 1.84% 184,000
7 アーキタイプグループ株式会社 1.79% 180,000
8 瀬賀 雅弥 0.95% 95,000
9 ＪＰモルガン証券株式会社 0.93% 93,000
10 株式会社ＳＢＩ証券 0.87% 87,000

Research and development expenses and capital expenditure

Source: R&D and capital expenditure sections, annual securities reports · 2 years (2021 to 2026)Disclosed

Not disclosed Research and development
¥36.73 million Capital expenditure 0.8% of revenue (industry median 2.3%)
Fiscal year Research and development Capital expenditure
FY ending 3/2026 Could not be retrieved ¥36.73 million
FY ending 3/2021 ¥11.61 million ¥29.82 million

Research and development expenses and capital expenditure by segment (FY ending 3/2026)

Segment Capital expenditure
食関連 ¥31.41 million
ブランドコンサルティング ¥4.29 million

Revenue scale in the same industry

ＩＮＣＬＵＳＩＶＥＨｏｌｄｉｎｇｓ

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 (Apr 2025 to Mar 2026)Parent-onlyDisclosed

19 Employees (parent only) Industry median 130
36.4 Average age Industry median 38.8
3.9 years Average length of service Industry median 6.6 years
¥6.06 million Average annual salary Industry median ¥5.89 million
People and organisation
28.3¥ million Sales per employee Industry median 24.2¥ million FY ending 3/2026 · consolidated / calculated
¥-2.60 million Operating income per employee
25.0% Women in managerial positions
100.0% Men taking childcare leave
Men 37
Women 39 Employees by gender
133 Average temporary staff

Administrative filings and published information

Workplace information filings

Filed 2026-06-26Disclosed

ItemValue
Employees 76

Audit and disclosure information

Annual securities report, year ended 2026-03-31Disclosed

ItemValue
Audit firm 有限責任監査法人トーマツ
Audit fees (this year, total) ¥67.00 million
Non-audit fees (this year, total) Not applicable
Going concern note Cannot be determined
Accounting standard Japanese GAAP

See the book series →

Sources and methodology

Retrieved disclosed figures

Accounts and values from the annual securities report, by section

Major management indicators (5 years) (23 items)

ItemValueConsolidated / Non-consolidated
Comprehensive income ¥-0.2 billion Consolidated
Net cash provided by (used in) operating activities ¥-0.2 billion Consolidated
Net sales ¥4.6 billion Consolidated
Net cash provided by (used in) investing activities ¥0.1 billion Consolidated
Cash and cash equivalents ¥1.9 billion Consolidated
Net assets ¥1.8 billion Consolidated
Ordinary income (loss) ¥-0.4 billion Consolidated
Total assets ¥3.4 billion Consolidated
Equity-to-asset ratio 45.4% Consolidated
Net income (loss) attributable to owners of parent ¥-0.2 billion Consolidated
Net cash provided by (used in) financing activities ¥-0.2 billion Consolidated
Basic earnings (loss) per share -17.32 yen Consolidated
Net assets per share 152.17 yen Consolidated
Net sales ¥0.7 billion Parent only
Net income (loss) ¥-0.3 billion Parent only
Total number of issued shares (common stock) 10,053,189 shares Parent only
Net assets ¥1.2 billion Parent only
Ordinary income (loss) ¥-0.3 billion Parent only
Total assets ¥1.3 billion Parent only
Equity-to-asset ratio 80.8% Parent only
Capital stock ¥14.45 million Parent only
Basic earnings (loss) per share -29.09 yen Parent only
Net assets per share 107.24 yen Parent only

Employees (8 items)

ItemValueConsolidated / Non-consolidated
Number of employees 161 people Consolidated
Number of employees 161 people Consolidated
Average length of service (years) 3.9 years Parent only
Average annual salary ¥6.06 million Parent only
Average age (years) 36.4 years old Parent only
Number of employees 19 people Parent only
Number of employees 19 people Parent only
Number of employees 19 people Parent only

Other disclosed items (12 items)

ItemValueConsolidated / Non-consolidated
Net sales to external customers ¥4.6 billion Consolidated
Average number of temporary employees 133 people Consolidated
Average number of temporary employees 133 people Consolidated
Increase in property plant and equipment and intangible assets ¥36.73 million Consolidated
Depreciation ¥56.77 million Consolidated
Number of consolidated subsidiaries 9 companies Consolidated
Rate of male employees taking childcare leave (all employees) 100.0% Parent only
Average number of temporary employees 6 people Parent only
Average number of temporary employees 6 people Parent only
Average number of temporary employees 6 people Parent only
Total return on the share price index 202.2% Parent only
Ratio of female employees in managerial positions 25.0% Parent only

Shares (11 items)

ItemValueConsolidated / Non-consolidated
Number of shares held 6,138,000 shares Consolidated
Total number of shares held treasury shares etc 500 shares Consolidated
Number of issues whose number of shares decreased shares not listed investment shares held for purposes other than pure investment reporting company 9 issues Consolidated
Number of issues whose number of shares decreased shares other than those not listed investment shares held for purposes other than pure investment reporting company 1 issues Consolidated
Total sale amount for decreased shares shares not listed investment shares held for purposes other than pure investment reporting company ¥0.1 billion Consolidated
Number of shares 10,053,189 shares Consolidated
Shareholding ratio treasury shares etc 0.0% Consolidated
Shareholding ratio 61.1% Consolidated
Number of shares held in own name treasury shares etc 500 shares Consolidated
Number of voting rights 100,421 units Consolidated
Total shareholder return 18.5% Parent only

Property and facilities (1 items)

ItemValueConsolidated / Non-consolidated
Capital expenditures ¥36.73 million Consolidated

Audit (2 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥67.00 million Consolidated
Fees for audit and attestation services - total ¥67.00 million Consolidated

Accounts unique to this company (11 items)

ItemValueConsolidated / Non-consolidated
Revenue ¥0.3 billion Consolidated
Revenue ¥-2.00 million Consolidated
Revenue ¥20.00 million Consolidated
Revenue ¥2.00 million Consolidated
Revenue ¥0.3 billion Consolidated
Revenue ¥3.70 million Consolidated
Revenue ¥0.49 million Consolidated
Revenue ¥15.60 million Consolidated
Revenue ¥0.2 billion Consolidated
Change in average annual salary from the previous year 7.4% Parent only
Revenue ¥96.84 million Parent only

Balance sheet (108 items)

ItemValueConsolidated / Non-consolidated
Other ¥0.58 million Consolidated
Other ¥0.1 billion Consolidated
Other ¥81.01 million Consolidated
Other ¥0.3 billion Consolidated
Other ¥94.08 million Consolidated
Other ¥13.21 million Consolidated
Valuation difference on available-for-sale securities ¥21.00 million Consolidated
Other, net ¥0 Consolidated
Work in process ¥0.96 million Consolidated
Retained earnings ¥-12.16 million Consolidated
Raw materials and supplies ¥50.50 million Consolidated
Merchandise and finished goods ¥38.90 million Consolidated
Operational investment securities ¥0.1 billion Consolidated
Non-current liabilities ¥0.6 billion Consolidated
Non-current assets ¥0.9 billion Consolidated
Land ¥0.4 billion Consolidated
Contract liabilities ¥51.81 million Consolidated
Contract assets ¥48.99 million Consolidated
Tools, furniture and fixtures ¥0.2 billion Consolidated
Tools, furniture and fixtures ¥21.33 million Consolidated
Buildings and structures ¥0.4 billion Consolidated
Buildings and structures, net ¥32.99 million Consolidated
Investments and other assets ¥0.2 billion Consolidated
Investment securities ¥5.88 million Consolidated
Subscription rights to shares ¥87.30 million Consolidated
Property, plant and equipment ¥0.5 billion Consolidated
Income taxes payable ¥75.40 million Consolidated
Provision for shareholder benefit program ¥15.60 million Consolidated
Shareholders' equity ¥1.5 billion Consolidated
Inventories ¥90.36 million Consolidated
Inventories ¥90.36 million Consolidated
Current liabilities ¥0.9 billion Consolidated
Current assets ¥2.5 billion Consolidated
Accumulated depreciation ¥-81.01 million Consolidated
Accumulated depreciation ¥-0.2 billion Consolidated
Accumulated depreciation ¥-0.4 billion Consolidated
Foreign currency translation adjustment ¥-19.95 million Consolidated
Intangible assets ¥0.2 billion Consolidated
Cash and cash equivalents ¥1.9 billion Consolidated
Cash and deposits ¥1.9 billion Consolidated
Short-term loans payable ¥0.2 billion Consolidated
Net assets ¥1.8 billion Consolidated
Net assets ¥1.8 billion Consolidated
Total assets ¥3.4 billion Consolidated
Total assets ¥3.4 billion Consolidated
Deferred tax liabilities ¥0.2 billion Consolidated
Deferred tax assets ¥64.82 million Consolidated
Treasury stock ¥-0.51 million Consolidated
Provision for loss on litigation ¥20.00 million Consolidated
Valuation and translation adjustments ¥1.06 million Consolidated
Liabilities ¥1.5 billion Consolidated
Liabilities and net assets ¥3.4 billion Consolidated
Accounts payable - trade ¥0.1 billion Consolidated
Capital surplus ¥1.5 billion Consolidated
Capital stock ¥14.45 million Consolidated
Asset retirement obligations ¥72.00 million Consolidated
Asset retirement obligations ¥37.00 million Consolidated
Provision for bonuses ¥5.43 million Consolidated
Net defined benefit liability ¥7.92 million Consolidated
Long-term loans payable ¥0.4 billion Consolidated
Provision for loss on business of subsidiaries and affiliates ¥13.23 million Consolidated
Non-controlling interests ¥0.2 billion Consolidated
Customer relationship ¥0.2 billion Consolidated
Current portion of long-term loans payable ¥57.78 million Consolidated
Other ¥73.43 million Parent only
Other ¥4.71 million Parent only
Other ¥36.31 million Parent only
Valuation difference on available-for-sale securities ¥21.00 million Parent only
Other capital surplus ¥-0.2 billion Parent only
Retained earnings ¥-0.3 billion Parent only
Prepaid expenses ¥16.93 million Parent only
Operational investment securities ¥0.1 billion Parent only
Non-current liabilities ¥38.17 million Parent only
Non-current assets ¥0.4 billion Parent only
Accounts receivable - trade ¥22.50 million Parent only
Contract liabilities ¥31.92 million Parent only
Tools, furniture and fixtures ¥0 Parent only
Investments and other assets ¥0.4 billion Parent only
Investment securities ¥4.00 million Parent only
Subscription rights to shares ¥87.30 million Parent only
Property, plant and equipment ¥0 Parent only
Income taxes payable ¥2.32 million Parent only
Accrued expenses ¥34.66 million Parent only
Accounts payable - other ¥22.06 million Parent only
Provision for shareholder benefit program ¥15.60 million Parent only
Shareholders' equity ¥1.1 billion Parent only
Current liabilities ¥0.1 billion Parent only
Current assets ¥0.9 billion Parent only
Cash and deposits ¥0.7 billion Parent only
Net assets ¥1.2 billion Parent only
Net assets ¥1.2 billion Parent only
Total assets ¥1.3 billion Parent only
Deferred tax liabilities ¥0.45 million Parent only
Retained earnings brought forward ¥-0.3 billion Parent only
Treasury stock ¥-0.51 million Parent only
Provision for loss on litigation ¥20.00 million Parent only
Valuation and translation adjustments ¥21.00 million Parent only
Liabilities ¥0.2 billion Parent only
Liabilities and net assets ¥1.3 billion Parent only
Accounts payable - trade ¥8,000 Parent only
Allowance for doubtful accounts ¥-0.1 billion Parent only
Capital surplus ¥1.3 billion Parent only
Legal capital surplus ¥1.5 billion Parent only
Capital stock ¥14.45 million Parent only
Vehicles, net ¥0 Parent only
Provision for loss on business of subsidiaries and affiliates ¥37.73 million Parent only
Shares of subsidiaries and associates ¥0.4 billion Parent only
Long-term loans receivable from subsidiaries and affiliates ¥92.37 million Parent only

Statement of income (89 items)

ItemValueConsolidated / Non-consolidated
Other ¥4.68 million Consolidated
Other ¥1.96 million Consolidated
Other comprehensive income ¥13.10 million Consolidated
Valuation difference on available for sale securities net of tax ¥21.00 million Consolidated
Amortization of goodwill ¥10.54 million Consolidated
Gain on sale of businesses ¥0.1 billion Consolidated
Comprehensive income ¥-0.2 billion Consolidated
Office work fee ¥2.00 million Consolidated
Insurance ¥21.42 million Consolidated
Interest income ¥4.12 million Consolidated
Settlement income ¥20.00 million Consolidated
Operating income ¥-0.4 billion Consolidated
Operating income ¥-0.4 billion Consolidated
Non-operating income ¥17.93 million Consolidated
Non-operating expenses ¥28.92 million Consolidated
Net cash provided by (used in) operating activities ¥-0.2 billion Consolidated
Cost of sales ¥2.9 billion Consolidated
Gross profit (loss) ¥1.7 billion Consolidated
Net sales ¥4.6 billion Consolidated
Net sales ¥4.6 billion Consolidated
Net income ¥-0.2 billion Consolidated
Net income ¥-0.2 billion Consolidated
Net income (loss) ¥-0.2 billion Consolidated
Net income (loss) ¥-0.2 billion Consolidated
Directors' compensations ¥0.3 billion Consolidated
Net cash provided by (used in) investing activities ¥0.1 billion Consolidated
Share of profit of investments accounted for using equity method ¥0.15 million Consolidated
Compensation for damage ¥1.45 million Consolidated
Interest expenses ¥6.96 million Consolidated
Issuance of new shares ¥0.47 million Consolidated
Gain on reversal of share acquisition rights ¥10.91 million Consolidated
Income taxes - current ¥71.93 million Consolidated
Income taxes ¥-29.70 million Consolidated
Income taxes - deferred ¥-80.81 million Consolidated
Refund of income taxes income taxes ¥-20.83 million Consolidated
Impairment loss ¥6.79 million Consolidated
Impairment loss ¥6.79 million Consolidated
Foreign exchange gains ¥6.97 million Consolidated
Foreign currency translation adjustment net of tax ¥-7.90 million Consolidated
Extraordinary income ¥0.2 billion Consolidated
Extraordinary loss ¥8.24 million Consolidated
Effect of exchange rate change on cash and cash equivalents ¥-7.69 million Consolidated
Net increase (decrease) in cash and cash equivalents ¥-0.3 billion Consolidated
Income (loss) before income taxes ¥-0.3 billion Consolidated
Income (loss) before income taxes ¥-0.3 billion Consolidated
Ordinary income ¥-0.4 billion Consolidated
Salaries and allowances ¥0.7 billion Consolidated
Comprehensive income attributable to owners of parent ¥-0.2 billion Consolidated
Net cash provided by (used in) financing activities ¥-0.2 billion Consolidated
Selling, general and administrative expenses ¥2.1 billion Consolidated
Capital increase of consolidated subsidiaries ¥-12.88 million Consolidated
Comprehensive income attributable to non-controlling interests ¥-51.30 million Consolidated
Net income (loss) attributable to non-controlling interests ¥-51.30 million Consolidated
Other ¥1.19 million Parent only
Other ¥0.49 million Parent only
Other ¥0.54 million Parent only
Decrease by corporate divisionsplitoff type ¥-0.2 billion Parent only
Office work fee ¥18.00 million Parent only
Interest income ¥2.48 million Parent only
Settlement income ¥20.00 million Parent only
Operating income ¥-0.3 billion Parent only
Non-operating income ¥57.76 million Parent only
Non-operating expenses ¥20.76 million Parent only
Cost of sales ¥0.3 billion Parent only
Gross profit (loss) ¥0.4 billion Parent only
Net sales ¥0.7 billion Parent only
Net income (loss) ¥-0.3 billion Parent only
Net income (loss) ¥-0.3 billion Parent only
Directors' compensations ¥0.1 billion Parent only
Interest expenses ¥6,000 Parent only
Issuance of new shares ¥0.47 million Parent only
Gain on reversal of share acquisition rights ¥10.91 million Parent only
Income taxes - current ¥1.21 million Parent only
Income taxes ¥1.21 million Parent only
Depreciation ¥10.54 million Parent only
Depreciation ¥7.27 million Parent only
Impairment loss ¥3.02 million Parent only
Foreign exchange losses ¥0.25 million Parent only
Extraordinary income ¥17.56 million Parent only
Extraordinary loss ¥3.02 million Parent only
Interest on bonds ¥8,000 Parent only
Income (loss) before income taxes ¥-0.3 billion Parent only
Consulting fee income ¥36.09 million Parent only
Ordinary income ¥-0.3 billion Parent only
Salaries and allowances ¥0.2 billion Parent only
Selling, general and administrative expenses ¥0.7 billion Parent only
Provision of allowance for doubtful accounts ¥5.63 million Parent only
Provision for bonuses ¥15.60 million Parent only
Reversal of provision for loss on business of subsidiaries and associates ¥6.11 million Parent only

Statement of changes in equity (4 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥-0.3 billion Consolidated
Net changes in items other than shareholders' equity ¥-0.1 billion Consolidated
Total changes during the period ¥-0.5 billion Parent only
Net changes in items other than shareholders' equity ¥34.78 million Parent only

Statement of cash flows (41 items)

ItemValueConsolidated / Non-consolidated
Other ¥-9.09 million Consolidated
Other ¥0.92 million Consolidated
Increase decrease in other assets liabilities ¥33.00 million Consolidated
Amortization of goodwill ¥10.54 million Consolidated
Proceeds from transfer of business ¥0.2 billion Consolidated
Loss (gain) on business transfer ¥-0.1 billion Consolidated
Increase decrease in notes and accounts payable trade ¥-0.1 billion Consolidated
Proceeds from insurance income ¥30.00 million Consolidated
Interest received ¥4.12 million Consolidated
Interest expenses paid ¥-6.96 million Consolidated
Insurance ¥-21.42 million Consolidated
Interest income ¥-4.12 million Consolidated
Decrease increase in investment securities for sale ¥0.1 billion Consolidated
(Increase) decrease in notes receivable, trade receivables, contract assets and other ¥70.39 million Consolidated
Subtotal ¥-0.2 billion Consolidated
Proceeds from sales of investment securities ¥1.45 million Consolidated
Equity in earnings losses of affiliates ¥-0.15 million Consolidated
Loss on compensation for damage ¥1.45 million Consolidated
Compensation for damage paid ¥-27.63 million Consolidated
Interest expenses ¥6.96 million Consolidated
Payments of leasehold and guarantee deposits ¥-23.25 million Consolidated
Proceeds from collection of lease and guarantee deposits ¥0.28 million Consolidated
Proceeds from exercise of share acquisition rights ¥0.47 million Consolidated
Gain on reversal of share acquisition rights ¥-10.91 million Consolidated
Purchase of property plant and equipment ¥-36.02 million Consolidated
Increase (decrease) in reserve for shareholder special benefit ¥15.60 million Consolidated
Share-based payment expenses ¥23.77 million Consolidated
Decrease (increase) in inventories ¥-7.41 million Consolidated
Income taxes refund (paid) ¥27.11 million Consolidated
Depreciation ¥56.77 million Consolidated
Impairment loss ¥6.79 million Consolidated
Foreign exchange loss (gain) ¥-6.97 million Consolidated
Increase in short term loans payable ¥0.7 billion Consolidated
Decrease in short term loans payable ¥-0.7 billion Consolidated
Redemption of bonds ¥-5.00 million Consolidated
Increase (decrease) in provision for bonuses ¥0.03 million Consolidated
Payments from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation ¥-95.24 million Consolidated
Repayment of long term loans payable ¥-69.17 million Consolidated
Proceeds from sales of shares of subsidiaries and affiliates ¥10.00 million Consolidated
Loss (gain) on sale of shares of subsidiaries and associates ¥0.40 million Consolidated
Proceeds from share issuance to non controlling shareholders ¥0.05 million Consolidated
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥-0.2 billion ConsolidatedDisclosed
Number of employees 161 ConsolidatedDisclosed
Net assets ¥1.8 billion ConsolidatedDisclosed
Net sales ¥4.6 billion ConsolidatedDisclosed
Operating income ¥-0.4 billion ConsolidatedDisclosed
Ordinary income ¥-0.4 billion ConsolidatedDisclosed
Net income ¥-0.2 billion ConsolidatedDisclosed
Total assets ¥3.4 billion ConsolidatedDisclosed
Operating margin -9.2%ConsolidatedCalculated
Net margin -3.8%ConsolidatedCalculated
Sales per employee 28324385 yenConsolidatedCalculated
Total asset turnover 1.35 timesConsolidatedCalculated
Net assets to total assets 54.5%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 -9.2%　Operating income ÷ net sales 　＝ ¥-0.4 billion ÷ ¥4.6 billion
    Operating income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Net margin -3.8%　Net income ÷ net sales 　＝ ¥-0.2 billion ÷ ¥4.6 billion
    Net income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Sales per employee 28,324,385 yen　Sales or operating revenue ÷ employees 　＝ ¥4.6 billion ÷ 161 people
    Sales or operating revenue ÷ employees. The denominator is Number of employees (Consolidated, Japanese GAAP).
  • Total asset turnover 1.35 times　Sales or operating revenue ÷ total assets 　＝ ¥4.6 billion ÷ ¥3.4 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).
  • Net assets to total assets 54.5%　Net assets ÷ total assets 　＝ ¥1.8 billion ÷ ¥3.4 billion
    Net assets ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).

Company details

  • Representative　President, Representative Director, gBizINFO
  • Consolidated subsidiaries　Annual Securities Report

Revenue and profit by business segment

  • Source: segment information, Annual Securities Report (Apr 2025 to Mar 2026) · Consolidated · Net sales to external customers · filed 2026-06-26
  • Share: against the total of Net sales to external customers disclosed by business (100%). Adjustments, corporate, eliminations and “other” left out as they are not businesses (so no match with company-wide Net sales to external customers). Margin: calculated against the Net sales to external customers on the same row“報告セグメント計” in the segment information of the annual securities report: ¥4.6 billion. Gap against this table’s total (the part not listed as a business, such as “other”) within 1%The account may differ from “Revenue” at the top of this pageProfit share: not shown (one or more loss-making businesses)

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　Consolidated
  • 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
  • Increase in working capital　(increase in trade receivables + increase in inventories) ÷ net sales (or operating revenue)。Trade receivables down ¥70.39 million + inventories up ¥7.41 million, over net sales ¥4.6 billion
  • Property, plant and equipment purchases relative to depreciation　Purchase of property, plant and equipment ÷ depreciation。Purchase of property, plant and equipment ¥36.02 million, over depreciation ¥56.77 million
  • Investment securities to net assets　Investment securities ÷ net assets。Investment securities ¥5.88 million, over net assets ¥1.8 billion

Long-term changes in performance

  • Revenue　Disclosed value for 2026 ÷ disclosed value for 2017

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

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). Segment names and order: the same as the segment table above. Group-wide research and adjustments mean segment figures may not add up to the company-wide amount.

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: 161 (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
  • Women in managerial positions　Reporting company (parent only)
  • Men taking childcare leave　Reporting company (parent only)
  • Employees by gender　gBizINFO
  • Average temporary staff　Consolidated, average headcount other than regular employees

Workplace information filings

  • Source: processed from Shokuba-labo, the workplace information site of the Ministry of Health, Labour and Welfare. Items the company filed only Shokuba-labo

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 ＩＮＣＬＵＳＩＶＥ　Ｈｏｌｄｉｎｇｓ株式会社 on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 3010401068418 / Accounting standard: Japanese GAAP

  • 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