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Bushiroad

Bushiroad Inc.

Company highlights

The company has paid a dividend for 2 consecutive years.

Key figures

Period Jul 2025 to Jun 2026ConsolidatedJapanese GAAP

RevenueDisclosed ¥57.8B
Operating marginCalculated 8.2%
Net assets to total assetsCalculated 48.2%

Company profile

Securities code 7803 / EDINET code E35004 / Other Products / Fiscal year end end of June

中野区中央一丁目３８番１号／Capital stock ¥5,781 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Company details
木谷 高明 Representative
10 Consolidated subsidiaries

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Jul 2025 to Jun 2026) · filed 2026-09-28

Profitability ★★★★☆position among all companies 8.2%
Growth (revenue, 4-year average) ★★★★☆position among all companies 8.3%
Capital efficiency ★★★★★position among all companies 17.4%

Business activities and revenue composition

Breakdown by business: not published

Revenue and profit

Bushiroad

Period Jul 2025 to Jun 2026Source Annual securities reports

Net sales and operating revenue ¥57.8B　100% Cost of sales ¥37.4B　65% Selling, general and administrative expenses ¥15.7B　27% Operating income ¥4.8B　8%
Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Advertising and promotion expenses ¥5.6 billion Consolidated
Payrolls and allowances ¥1.9 billion Consolidated
Research and development expenses ¥0.8 billion Parent only
Profit by stage Gross profit (loss) ¥20.4 billion Consolidated
Ordinary income ¥5.9 billion Consolidated
Operating income ¥4.8 billion Consolidated
Net income ¥4.6 billion Consolidated

Bushiroad

Selling, general and administrative expenses

Period Jul 2025 to Jun 2026Source Annual securities reports

Advertising and promotion expenses ¥5.6 billion (35.9%)36%Payrolls and allowances ¥1.9 billion (12.3%)12%Research and development expenses ¥0.8 billion (5.2%)Other (not itemized) ¥7.3 billion (46.7%)47%¥15.7B
  • Advertising and promotion expenses　¥5.6 billion
  • Payrolls and allowances　¥1.9 billion
  • Research and development expenses　¥0.8 billion
  • Other (not itemized)　¥7.3 billion

Performance, financial position and capital allocation

Finance
48.2% Net assets to total assets Industry median 60.2% FY ending 6/2026 · consolidated / calculated
7.4% Return on assets (ROA)
¥210.85 Net assets per share
¥-7.3 billion Free cash flow
¥61.6 billion Total assets
Capital allocation
43.6% Cash conversion Industry median 113.3% FY ending 6/2026 · consolidated / calculated
2.6% Increase in working capital ★★★★☆ position among all companies FY ending 6/2026 · consolidated / calculated
14.7% Return to shareholders ★★☆☆☆ position among all companies FY ending 6/2026 · consolidated / calculated
35.8% Investment securities to net assets ★★★★★ position among all companies FY ending 6/2026 · consolidated / calculated

Long-term changes in performance

Period 2016 to 2026Disclosed

Revenue ×3.87 from 2016 to 2026

Bushiroad

Long-term revenue, profit and asset trends

Period 2016 to 2026Source Annual securities reportsDisclosed

Mark on the chart
58 39 19 0 2016 2018 2020 2022 2024 2026 Net sales and operating revenue Ordinary income 2018　Net sales year on year +26.9%, Ordinary income (loss) as a share of revenue +8.9 points 2022　Net sales year on year +28.8%, Ordinary income (loss) as a share of revenue +10.4 points 2023　Ordinary income (loss) as a share of revenue -3.0 points 2024　Ordinary income (loss) as a share of revenue -5.1 points 2025　Net sales year on year +21.4%, Ordinary income (loss) as a share of revenue +4.5 points 58Latest value 2026 58¥ billion 58Highest in the period shown 2026 58¥ billion 15Lowest in the period shown 2016 15¥ billion ¥ billion

Bushiroad

Recent performance trends

Source Annual securities reports

58 39 19 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 2016 to 2026Disclosed

Item20222023202420252026
Net sales ¥42.0B ¥48.8B ¥46.3B ¥56.2B ¥57.8B
Year on year (%) +28.8%◆ +16.3% -5.2% +21.4%◆ +2.9%
Ordinary income (loss) ¥5.1B ¥4.5B ¥1.9B ¥4.8B ¥5.9B
Change from prior year +776.3% -11.9% -57.9% +155.2% +22.4%
Ordinary income (loss) as a share of Net sales 12.2% 9.2% 4.1% 8.6% 10.3%
Change (percentage points) +10.4 points◆ -3.0 points◆ -5.1 points◆ +4.5 points◆ +1.6 points

Fiscal periods marked for changes

Earlier fiscal periods (2)
  • 2018Net sales year on year +26.9%, Ordinary income (loss) as a share of revenue +8.9 points
  • 2022Net sales year on year +28.8%, Ordinary income (loss) as a share of revenue +10.4 points
  • 2023Ordinary income (loss) as a share of revenue -3.0 points
  • 2024Ordinary income (loss) as a share of revenue -5.1 points
  • 2025Net sales year on year +21.4%, Ordinary income (loss) as a share of revenue +4.5 points

Bushiroad

Earnings and net assets per share over time

Unit yenSource Annual securities reports

34 22 11 0 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 211 141 70 0 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen

Bushiroad

Return on equity over time

Unit %Source Annual securities reports

24 16 8 0 4 years ago 3 years ago 2 years ago Last year This year Return on equity (ROE, %)
Consolidated indicators (15 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥42.0 billion ¥48.8 billion ¥46.3 billion ¥56.2 billion ¥57.8 billion
Ordinary income (loss) ¥5.1 billion ¥4.5 billion ¥1.9 billion ¥4.8 billion ¥5.9 billion
Net income (loss) attributable to owners of parent ¥3.5 billion ¥2.1 billion ¥0.8 billion ¥3.4 billion ¥4.6 billion
Comprehensive income ¥3.8 billion ¥2.3 billion ¥1.5 billion ¥3.2 billion ¥5.5 billion
Net assets ¥16.2 billion ¥22.4 billion ¥23.3 billion ¥25.2 billion ¥29.7 billion
Total assets ¥43.7 billion ¥46.3 billion ¥50.6 billion ¥49.8 billion ¥61.6 billion
Net assets per share 120.2 yen 151.46 yen 157.68 yen 175.26 yen 210.85 yen
Basic earnings (loss) per share 27.41 yen 14.57 yen 5.69 yen 24.85 yen 33.64 yen
Diluted earnings per share 25.01 yen 14.23 yen 5.65 yen 24.64 yen 33.27 yen
Equity-to-asset ratio 35.6% 46.6% 43.7% 47.7% 46.5%
Return on equity 24.3% 11.0% 3.7% 14.9% 17.4%
Net cash provided by (used in) operating activities ¥6.9 billion ¥2.0 billion ¥-0.4 billion ¥5.8 billion ¥2.1 billion
Net cash provided by (used in) investing activities ¥-4.4 billion ¥-2.3 billion ¥-46.60 million ¥0.9 billion ¥-9.3 billion
Net cash provided by (used in) financing activities ¥-2.3 billion ¥0.7 billion ¥-0.2 billion ¥-5.0 billion ¥6.9 billion
Cash and cash equivalents ¥23.1 billion ¥23.6 billion ¥23.5 billion ¥25.0 billion ¥25.2 billion
Parent only indicators (13 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥21.4 billion ¥26.7 billion ¥23.2 billion ¥29.8 billion ¥26.9 billion
Ordinary income (loss) ¥1.8 billion ¥2.1 billion ¥1.1 billion ¥2.1 billion ¥1.9 billion
Net income (loss) ¥1.2 billion ¥0.8 billion ¥1.3 billion ¥1.6 billion ¥7.3 billion
Capital stock ¥3.7 billion ¥5.8 billion ¥5.8 billion ¥5.8 billion ¥5.8 billion
Net assets ¥7.9 billion ¥12.6 billion ¥13.2 billion ¥13.7 billion ¥20.6 billion
Total assets ¥30.3 billion ¥32.3 billion ¥32.7 billion ¥32.9 billion ¥49.3 billion
Net assets per share 60.69 yen 87.42 yen 91.96 yen 97.64 yen 147.31 yen
Dividend per share 9 yen 4.5 yen 4.5 yen 4.5 yen 2.5 yen
Basic earnings (loss) per share 9.01 yen 5.42 yen 9.15 yen 11.84 yen 53.65 yen
Diluted earnings per share 8.22 yen 5.3 yen 9.08 yen 11.74 yen 53.05 yen
Equity-to-asset ratio 26.0% 38.6% 39.5% 40.3% 40.6%
Return on equity 14.0% 7.5% 10.2% 12.5% 43.8%
Payout ratio 25.0% 41.5% 24.6% 19.0% 4.7%

Dividend history

Source: reporting company’s key figures, annual securities reports · 5 years (2022 to 2026)Parent-onlyDisclosed

0 periods Consecutive increases (own definition) through FY ending 6/2025
2 periods Consecutive periods with dividends (site definition) through FY ending 6/2025
+0.0% 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 6/2026 ¥2.5 Could not be retrieved 4.7% Stock split or share consolidation noted
FY ending 6/2025 ¥4.5 Could not be retrieved 19.0%
FY ending 6/2024 ¥4.5 Could not be retrieved 24.6%
FY ending 6/2023 ¥4.5 Could not be retrieved 41.5% Stock split or share consolidation noted
FY ending 6/2022 ¥9 Could not be retrieved 25.0% Stock split or share consolidation noted

Bushiroad

Dividends per share over time

Unit yenSource Annual securities reports

9 6 3 0 4 years ago 3 years ago 2 years ago Last year This year Dividend per share yen

Shareholder composition

As of 2026-06-30Disclosed

Share ownership by holder category

18,350 Shareholders
9.83% Foreign holders (total) Industry median 3.88%
30.27% Individuals and others Industry median 50.86%

Bushiroad

Unit %Source Annual securities reports

  • Financial institutions32.74%
  • Securities firms2.70%
  • Other corporations24.47%
  • Foreign holders (institutions)9.34%
  • Foreign holders (individuals)0.49%
  • Individuals and others30.27%

Major shareholders

RankShareholderShareholding ratioShares held
1 三井住友信託銀行㈱（信託口 甲９号） 29.79% 40,512,000
2 ㈱中野坂上 13.53% 18,400,000
3 木谷 高明 5.67% 7,712,000
4 グリーホールディングス㈱ 4.58% 6,232,000
5 ㈱ポケットベア 2.94% 4,000,000
6 ㈱アコス 2.94% 4,000,000
7 野村信託銀行㈱（投信口） 2.12% 2,883,700
8 ㈱SBI証券 1.3% 1,764,927
9 THE BANK OF NEW YORK MELLON 140044（常任代理人 ㈱みずほ銀行決済営業部） 1.16% 1,573,700
10 MSIP CLIENT SECURITIES （常任代理人 モルガン・スタンレーMUFG証券㈱） 0.86% 1,173,936

Research and development expenses and capital expenditure

Source: R&D and capital expenditure sections, annual securities reports · 5 years (2019 to 2026)Disclosed

¥0.8 billion Research and development 1.4% of revenue (industry median 1.1%)
¥0.8 billion Capital expenditure 1.4% of revenue (industry median 4.1%)
Fiscal year Research and development Capital expenditure
FY ending 6/2026 ¥0.8 billion ¥0.8 billion
FY ending 6/2025 ¥1.5 billion Could not be retrieved
FY ending 6/2024 ¥1.5 billion Could not be retrieved
FY ending 7/2020 ¥20.00 million ¥0.3 billion
FY ending 7/2019 ¥0.2 billion Could not be retrieved

Revenue scale in the same industry

Bushiroad

Source Annual securities reports of each company

Other Products: 120 companies · revenue · largest first・each company’s latest fiscal year・Consolidated・Disclosed

Workforce information

Source: Annual Securities Report (Jul 2025 to Jun 2026)Parent-onlyDisclosed

275 Employees (parent only) Industry median 291
32.4 Average age Industry median 42.7
4.7 years Average length of service Industry median 14.5 years
¥4.99 million Average annual salary Industry median ¥5.67 million
People and organisation
68.0¥ million Sales per employee Industry median 33.9¥ million FY ending 6/2026 · consolidated / calculated
¥5.59 million Operating income per employee
87.6% Wage gap between men and women
18.2% Women in managerial positions
75.0% Men taking childcare leave
74 Average temporary staff

Administrative filings and published information

Subsidy award information

1 awards, 2021-08-06 to 2021-08-06Disclosed

Date approvedSubsidyMinistryAmount
2021-08-06コロナ禍を乗り越えるための文化芸術活動の充実支援事業文部科学省 ¥25.00 million

Audit and disclosure information

Annual securities report, year ended 2026-06-30Disclosed

ItemValue
Audit firm PwCJapan有限責任監査法人
Audit fees (this year, total) ¥61.80 million
Non-audit fees (this year, total) Not applicable
Audit fees (this year, network firms) ¥11.79 million
Non-audit fees (this year, network firms) ¥30.35 million
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) (28 items)

ItemValueConsolidated / Non-consolidated
Comprehensive income ¥5.5 billion Consolidated
Net cash provided by (used in) operating activities ¥2.1 billion Consolidated
Net sales ¥57.8 billion Consolidated
Net cash provided by (used in) investing activities ¥-9.3 billion Consolidated
Diluted earnings per share 33.27 yen Consolidated
Cash and cash equivalents ¥25.2 billion Consolidated
Net assets ¥29.7 billion Consolidated
Ordinary income (loss) ¥5.9 billion Consolidated
Total assets ¥61.6 billion Consolidated
Return on equity 17.4% Consolidated
Equity-to-asset ratio 46.5% Consolidated
Net income (loss) attributable to owners of parent ¥4.6 billion Consolidated
Net cash provided by (used in) financing activities ¥6.9 billion Consolidated
Basic earnings (loss) per share 33.64 yen Consolidated
Net assets per share 210.85 yen Consolidated
Dividend per share 2.5 yen Parent only
Net sales ¥26.9 billion Parent only
Net income (loss) ¥7.3 billion Parent only
Diluted earnings per share 53.05 yen Parent only
Net assets ¥20.6 billion Parent only
Ordinary income (loss) ¥1.9 billion Parent only
Total assets ¥49.3 billion Parent only
Return on equity 43.8% Parent only
Equity-to-asset ratio 40.6% Parent only
Capital stock ¥5.8 billion Parent only
Payout ratio 4.7% Parent only
Basic earnings (loss) per share 53.65 yen Parent only
Net assets per share 147.31 yen Parent only

Employees (11 items)

ItemValueConsolidated / Non-consolidated
Number of employees 850 people Consolidated
Number of employees 850 people Consolidated
Wage gap between men and women (all employees) 87.6% Parent only
Average length of service (years) 4.7 years Parent only
Average annual salary ¥4.99 million Parent only
Average age (years) 32.4 years old Parent only
Number of employees 275 people Parent only
Number of employees 275 people Parent only
Number of employees 275 people Parent only
Wage gap between men and women (regular employees) 86.2% Parent only
Wage gap between men and women (non-regular employees) 86.8% Parent only

Other disclosed items (11 items)

ItemValueConsolidated / Non-consolidated
Average number of temporary employees 74 people Consolidated
Average number of temporary employees 74 people Consolidated
Number of associates accounted for using equity method 2 companies Consolidated
Number of unconsolidated subsidiaries accounted for using equity method 1 companies Consolidated
Number of consolidated subsidiaries 10 companies Consolidated
Rate of male employees taking childcare leave (all employees) 75.0% Parent only
Average number of temporary employees 28 people Parent only
Average number of temporary employees 28 people Parent only
Average number of temporary employees 28 people Parent only
Total return on the share price index 75.3% Parent only
Ratio of female employees in managerial positions 18.2% Parent only

Accounts unique to this company (5 items)

ItemValueConsolidated / Non-consolidated
Revenue ¥0.1 billion Consolidated
Revenue 137,585,100 Parent only
Change in average annual salary from the previous year -1.4% Parent only
Revenue ¥0.1 billion Parent only
Revenue ¥3.7 billion Parent only

Shares (12 items)

ItemValueConsolidated / Non-consolidated
Number of shares held 88,252,263 shares Consolidated
Total number of shares held treasury shares etc 1,592,900 shares Consolidated
Number of issues whose number of shares increased shares not listed investment shares held for purposes other than pure investment reporting company 1 issues Consolidated
Total acquisition cost for increased shares shares not listed investment shares held for purposes other than pure investment reporting company ¥79.92 million Consolidated
Number of shares 137,585,100 shares Consolidated
Shareholding ratio treasury shares etc 1.2% Consolidated
Shareholding ratio 64.9% Consolidated
Number of shares held in own name treasury shares etc 1,592,900 shares Consolidated
Number of voting rights 1,359,245 units Consolidated
Carrying amount on the balance sheet ¥0.2 billion Consolidated
Number of issues 13 issues Consolidated
Total shareholder return 82.6% Parent only

Property and facilities (1 items)

ItemValueConsolidated / Non-consolidated
Capital expenditures ¥0.8 billion Consolidated

Audit (7 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥61.80 million Consolidated
Fees for audit and attestation services - total ¥11.79 million Consolidated
Fees for audit and attestation services - total ¥61.80 million Consolidated
Fees for audit and attestation services - consolidated subsidiaries ¥11.79 million Consolidated
Fees for non-audit services - reporting company ¥7.20 million Consolidated
Fees for non-audit services - total ¥30.35 million Consolidated
Non audit fees consolidated subsidiaries network firms ¥23.14 million Consolidated

Balance sheet (114 items)

ItemValueConsolidated / Non-consolidated
Other ¥91.78 million Consolidated
Other ¥0.7 billion Consolidated
Other ¥2.1 billion Consolidated
Other ¥3.5 billion Consolidated
Other ¥0.1 billion Consolidated
Valuation difference on available-for-sale securities ¥-0.2 billion Consolidated
Other, net ¥0.1 billion Consolidated
Software ¥0.3 billion Consolidated
Software in progress ¥0.4 billion Consolidated
Work in process ¥3.4 billion Consolidated
Provision for repairs ¥44.38 million Consolidated
Retained earnings ¥15.9 billion Consolidated
Raw materials and supplies ¥0.2 billion Consolidated
Merchandise and finished goods ¥1.5 billion Consolidated
Non-current liabilities ¥12.6 billion Consolidated
Non-current assets ¥16.8 billion Consolidated
Land ¥0.8 billion Consolidated
Accounts receivable - trade ¥7.4 billion Consolidated
Tools, furniture and fixtures ¥0.2 billion Consolidated
Buildings and structures, net ¥1.1 billion Consolidated
Provision for directors' retirement benefits ¥72.70 million Consolidated
Investments and other assets ¥12.8 billion Consolidated
Investment securities ¥10.6 billion Consolidated
Subscription rights to shares ¥0.6 billion Consolidated
Property, plant and equipment ¥3.2 billion Consolidated
Income taxes payable ¥1.8 billion Consolidated
Accounts payable - other ¥2.0 billion Consolidated
Shareholders' equity ¥27.2 billion Consolidated
Machinery and equipment, net ¥0.9 billion Consolidated
Current liabilities ¥19.3 billion Consolidated
Current assets ¥44.9 billion Consolidated
Accumulated depreciation ¥-1.8 billion Consolidated
Foreign currency translation adjustment ¥1.7 billion Consolidated
Intangible assets ¥0.7 billion Consolidated
Cash and cash equivalents ¥25.2 billion Consolidated
Cash and deposits ¥29.0 billion Consolidated
Bonds payable ¥0.7 billion Consolidated
Net assets ¥29.7 billion Consolidated
Net assets ¥29.7 billion Consolidated
Total assets ¥61.6 billion Consolidated
Deferred tax liabilities ¥80.22 million Consolidated
Deferred tax assets ¥1.3 billion Consolidated
Treasury stock ¥-0.3 billion Consolidated
Valuation and translation adjustments ¥1.5 billion Consolidated
Liabilities ¥31.9 billion Consolidated
Liabilities and net assets ¥61.6 billion Consolidated
Accounts payable - trade ¥6.7 billion Consolidated
Allowance for doubtful accounts ¥-22.33 million Consolidated
Allowance for doubtful accounts ¥-0.1 billion Consolidated
Capital surplus ¥5.8 billion Consolidated
Capital stock ¥5.8 billion Consolidated
Provision for bonuses ¥0.1 billion Consolidated
Vehicles, net ¥16.78 million Consolidated
Net defined benefit liability ¥0.1 billion Consolidated
Long-term loans payable ¥11.6 billion Consolidated
Long-term loans receivable ¥0.2 billion Consolidated
Non-controlling interests ¥0.4 billion Consolidated
Current portion of bonds payable ¥0.7 billion Consolidated
Current portion of long-term loans payable ¥5.9 billion Consolidated
Other ¥0.7 billion Parent only
Other ¥1.0 billion Parent only
Other ¥3.4 billion Parent only
Other ¥36.31 million Parent only
Valuation difference on available-for-sale securities ¥-0.2 billion Parent only
Software ¥0.2 billion Parent only
Software in progress ¥0.4 billion Parent only
Work in process ¥1.9 billion Parent only
Retained earnings ¥9.0 billion Parent only
Legal retained earnings ¥1.29 million Parent only
Merchandise and finished goods ¥0.4 billion Parent only
Non-current liabilities ¥12.4 billion Parent only
Non-current assets ¥16.0 billion Parent only
Accounts receivable - trade ¥3.8 billion Parent only
Tools, furniture and fixtures ¥64.33 million Parent only
Buildings, net ¥0.1 billion Parent only
Provision for directors' retirement benefits ¥54.99 million Parent only
Investments and other assets ¥14.9 billion Parent only
Investment securities ¥9.9 billion Parent only
Subscription rights to shares ¥0.6 billion Parent only
Property, plant and equipment ¥0.4 billion Parent only
Income taxes payable ¥1.1 billion Parent only
Accounts payable - other ¥1.2 billion Parent only
Shareholders' equity ¥20.2 billion Parent only
Machinery and equipment ¥0.2 billion Parent only
Current liabilities ¥16.3 billion Parent only
Current assets ¥33.3 billion Parent only
Intangible assets ¥0.6 billion Parent only
Cash and deposits ¥23.8 billion Parent only
Short-term loans payable ¥3.0 billion Parent only
Bonds payable ¥0.7 billion Parent only
Net assets ¥20.6 billion Parent only
Net assets ¥20.6 billion Parent only
Total assets ¥49.3 billion Parent only
Deferred tax assets ¥1.0 billion Parent only
Retained earnings brought forward ¥9.0 billion Parent only
Treasury stock ¥-0.3 billion Parent only
Valuation and translation adjustments ¥-0.2 billion Parent only
Liabilities ¥28.7 billion Parent only
Liabilities and net assets ¥49.3 billion Parent only
Supplies ¥0.1 billion Parent only
Accounts payable - trade ¥3.2 billion Parent only
Allowance for doubtful accounts ¥-0.6 billion Parent only
Allowance for doubtful accounts ¥-94.70 million Parent only
Capital surplus ¥5.8 billion Parent only
Legal capital surplus ¥5.8 billion Parent only
Capital stock ¥5.8 billion Parent only
Provision for bonuses ¥59.84 million Parent only
Vehicles, net ¥0.47 million Parent only
Provision for retirement benefits ¥0.1 billion Parent only
Long-term loans payable ¥11.6 billion Parent only
Long-term loans receivable ¥2.1 billion Parent only
Shares of subsidiaries and associates ¥1.9 billion Parent only
Current portion of bonds payable ¥0.7 billion Parent only
Current portion of long-term loans payable ¥5.9 billion Parent only

Statement of income (70 items)

ItemValueConsolidated / Non-consolidated
Other ¥42.60 million Consolidated
Other ¥8.21 million Consolidated
Other comprehensive income ¥0.6 billion Consolidated
Valuation difference on available for sale securities net of tax ¥-0.1 billion Consolidated
Dividends from surplus ¥-0.3 billion Consolidated
Subsidy income ¥41.95 million Consolidated
Comprehensive income ¥5.5 billion Consolidated
Interest and dividend income ¥0.5 billion Consolidated
Operating income ¥4.8 billion Consolidated
Non-operating income ¥1.3 billion Consolidated
Non-operating expenses ¥0.2 billion Consolidated
Net cash provided by (used in) operating activities ¥2.1 billion Consolidated
Cost of sales ¥37.4 billion Consolidated
Gross profit (loss) ¥20.4 billion Consolidated
Net sales ¥57.8 billion Consolidated
Advertising and promotion expenses ¥5.6 billion Consolidated
Net income ¥4.6 billion Consolidated
Net income ¥4.6 billion Consolidated
Net income (loss) ¥4.8 billion Consolidated
Net income (loss) ¥4.8 billion Consolidated
Net cash provided by (used in) investing activities ¥-9.3 billion Consolidated
Share of profit of investments accounted for using equity method ¥0.1 billion Consolidated
Share of other comprehensive income of investments accounted for using equity method ¥35.76 million Consolidated
Issuance of new shares ¥15.56 million Consolidated
Income taxes - current ¥2.6 billion Consolidated
Income taxes ¥2.5 billion Consolidated
Income taxes - deferred ¥-0.1 billion Consolidated
Foreign exchange gains ¥0.6 billion Consolidated
Foreign currency translation adjustment net of tax ¥0.7 billion Consolidated
Extraordinary income ¥1.4 billion Consolidated
Effect of exchange rate change on cash and cash equivalents ¥0.6 billion Consolidated
Net increase (decrease) in cash and cash equivalents ¥0.2 billion Consolidated
Income (loss) before income taxes ¥7.3 billion Consolidated
Income (loss) before income taxes ¥7.3 billion Consolidated
Ordinary income ¥5.9 billion Consolidated
Payrolls and allowances-SGA ¥1.9 billion Consolidated
Comprehensive income attributable to owners of parent ¥5.1 billion Consolidated
Net cash provided by (used in) financing activities ¥6.9 billion Consolidated
Selling, general and administrative expenses ¥15.7 billion Consolidated
Reversal of allowance for doubtful accounts ¥5.19 million Consolidated
Gain on sales of shares of subsidiaries and associates ¥1.4 billion Consolidated
Changes in equity of parent from transaction of non controlling interest ¥72.51 million Consolidated
Comprehensive income attributable to non-controlling interests ¥0.3 billion Consolidated
Net income (loss) attributable to non-controlling interests ¥0.3 billion Consolidated
Other ¥34.57 million Parent only
Other ¥2.42 million Parent only
Dividends from surplus ¥-0.3 billion Parent only
Interest income ¥0.3 billion Parent only
Dividend income ¥0.9 billion Parent only
Operating income ¥0.4 billion Parent only
Non-operating income ¥1.7 billion Parent only
Non-operating expenses ¥0.1 billion Parent only
Cost of sales ¥17.9 billion Parent only
Gross profit (loss) ¥9.0 billion Parent only
Net sales ¥26.9 billion Parent only
Advertising and promotion expenses ¥4.6 billion Parent only
Net income (loss) ¥7.3 billion Parent only
Net income (loss) ¥7.3 billion Parent only
Issuance of new shares ¥15.56 million Parent only
Income taxes - current ¥1.3 billion Parent only
Income taxes ¥1.3 billion Parent only
Income taxes - deferred ¥-81.39 million Parent only
Foreign exchange gains ¥0.4 billion Parent only
Extraordinary income ¥6.6 billion Parent only
Research and development expenses ¥0.8 billion Parent only
Income (loss) before income taxes ¥8.5 billion Parent only
Ordinary income ¥1.9 billion Parent only
Selling, general and administrative expenses ¥8.6 billion Parent only
Reversal of allowance for doubtful accounts ¥59.73 million Parent only
Gain on sales of shares of subsidiaries and associates ¥2.9 billion Parent only

Statement of changes in equity (4 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥4.5 billion Consolidated
Net changes in items other than shareholders' equity ¥0.1 billion Consolidated
Total changes during the period ¥7.0 billion Parent only
Net changes in items other than shareholders' equity ¥-26.51 million Parent only

Statement of cash flows (38 items)

ItemValueConsolidated / Non-consolidated
Other ¥-0.3 billion Consolidated
Other ¥-0.2 billion Consolidated
Other ¥-85.81 million Consolidated
Increase decrease in notes and accounts payable trade ¥-79.45 million Consolidated
Increase decrease in provision for repairs ¥-19.31 million Consolidated
Interest expenses paid ¥-0.2 billion Consolidated
Interest and dividends income received ¥0.4 billion Consolidated
Proceeds from subsidy income ¥41.95 million Consolidated
Subsidy income ¥-41.95 million Consolidated
Interest and dividend income ¥-0.5 billion Consolidated
Purchase of non-current assets ¥-1.0 billion Consolidated
Decrease increase in notes and accounts receivable trade ¥-0.3 billion Consolidated
Proceeds from withdrawal of time deposits ¥4.0 billion Consolidated
Payments into time deposits ¥-7.7 billion Consolidated
Subtotal ¥3.6 billion Consolidated
Purchase of investment securities ¥-5.6 billion Consolidated
Proceeds from sales and redemption of investment securities ¥0.5 billion Consolidated
Equity in earnings losses of affiliates ¥-0.1 billion Consolidated
Interest expenses and interest on bonds ¥0.1 billion Consolidated
Increase (decrease) in accounts payable-other ¥-0.2 billion Consolidated
Proceeds from issuance of common stock ¥15.56 million Consolidated
Share-based payment expenses ¥0.2 billion Consolidated
Decrease (increase) in inventories ¥-1.3 billion Consolidated
Income taxes paid ¥-1.8 billion Consolidated
Income taxes refund ¥51.20 million Consolidated
Depreciation ¥0.7 billion Consolidated
Foreign exchange loss (gain) ¥-0.7 billion Consolidated
Redemption of bonds ¥-0.7 billion Consolidated
Payments of loans receivable ¥-0.1 billion Consolidated
Collection of loans receivable ¥47.04 million Consolidated
Increase (decrease) in allowance for doubtful accounts ¥28.00 million Consolidated
Increase (decrease) in provision for bonuses ¥-0.64 million Consolidated
Increase (decrease) in net defined benefit liability ¥21.43 million Consolidated
Proceeds from sales of shares of subsidiaries resulting in change in scope of consolidation ¥0.8 billion Consolidated
Dividends ¥-0.3 billion Consolidated
Proceeds from long term loans payable ¥12.0 billion Consolidated
Repayment of long term loans payable ¥-4.0 billion Consolidated
Loss (gain) on sale of shares of subsidiaries and associates ¥-1.4 billion Consolidated

Research and development (1 items)

ItemValueConsolidated / Non-consolidated
Research and development expenses included in general and administrative expenses and manufacturing cost for current period ¥0.8 billion Consolidated
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥2.1 billion ConsolidatedDisclosed
Dividend per share 2 Parent onlyDisclosed
Number of employees 850 ConsolidatedDisclosed
Net assets ¥29.7 billion ConsolidatedDisclosed
Net sales ¥57.8 billion ConsolidatedDisclosed
Operating income ¥4.8 billion ConsolidatedDisclosed
Ordinary income ¥5.9 billion ConsolidatedDisclosed
Net income ¥4.6 billion ConsolidatedDisclosed
Total assets ¥61.6 billion ConsolidatedDisclosed
Operating margin 8.2%ConsolidatedCalculated
Net margin 7.9%ConsolidatedCalculated
Sales per employee 68027700 yenConsolidatedCalculated
Total asset turnover 0.94 timesConsolidatedCalculated
Net assets to total assets 48.2%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 8.2%　Operating income ÷ net sales 　＝ ¥4.8 billion ÷ ¥57.8 billion
    Operating income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Net margin 7.9%　Net income ÷ net sales 　＝ ¥4.6 billion ÷ ¥57.8 billion
    Net income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Sales per employee 68,027,700 yen　Sales or operating revenue ÷ employees 　＝ ¥57.8 billion ÷ 850 people
    Sales or operating revenue ÷ employees. The denominator is Number of employees (Consolidated, Japanese GAAP).
  • Total asset turnover 0.94 times　Sales or operating revenue ÷ total assets 　＝ ¥57.8 billion ÷ ¥61.6 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).
  • Net assets to total assets 48.2%　Net assets ÷ total assets 　＝ ¥29.7 billion ÷ ¥61.6 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

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　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
  • Cash conversion　Net cash provided by (used in) operating activities ÷ operating income
  • Increase in working capital　(increase in trade receivables + increase in inventories) ÷ net sales (or operating revenue)。Trade receivables up ¥0.3 billion + inventories up ¥1.3 billion, over net sales ¥57.8 billion
  • Return to shareholders　(dividends paid + purchase of treasury stock) ÷ net cash provided by operating activities。Dividends paid ¥0.3 billion (no treasury stock purchase disclosed), over operating cash flow ¥2.1 billion
  • Investment securities to net assets　Investment securities ÷ net assets。Investment securities ¥10.6 billion, over net assets ¥29.7 billion

Long-term changes in performance

  • Revenue　Disclosed value for 2026 ÷ disclosed value for 2016

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

Return on equity over time

  • Return on equity (ROE): net profit as a proportion of equity. For Japanese companies, the disclosed value in the key financial indicators of the annual securities report (decimals converted to percentages)

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 3 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 Other Products 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 Other Products 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: 850 (a different scope, kept apart from the four above). Industry median: the middle value among companies in Other Products 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
  • Wage gap between men and women　Women's pay with men's pay set to 100, reporting company
  • Women in managerial positions　Reporting company (parent only)
  • Men taking childcare leave　Reporting company (parent only)
  • Average temporary staff　Consolidated, average headcount other than regular employees

Subsidy award information

  • Source: gBizINFO (Ministry of Economy, Trade and Industry). Subsidy award records published by each ministry, matched by corporate number gBizINFO (METI)

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 Bushiroad Inc. on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 8011201012032 / 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