GRCS

GRCS Inc.

Company highlights

The largest holder on the register is 合同会社Ｔｒｏｊａｎｓ, at 27.7%.

Key figures

Period Dec 2024 to Nov 2025ConsolidatedJapanese GAAP

RevenueDisclosed ¥3.3B

Operating marginCalculated -2.0%

Net assets to total assetsCalculated -5.6%

Company profile

Securities code 9250 / EDINET code E36988 / Services / Fiscal year end November 30

千代田区丸の内一丁目１番１号　パレスビル５階／Capital stock ¥302 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Official website: https://www.grcs.co.jp/corporate/esg
Official website: gBizINFO (Ministry of Economy, Trade and Industry).

Company details

佐々木慈和 Representative

3/1/2005 Date of incorporation

1 Consolidated subsidiaries

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Disclosed data

Source: Annual Securities Report (Dec 2024 to Nov 2025) · filed 2026-02-26

Profitability ★☆☆☆☆position among all companies -2.0%

Growth (revenue, 3-year average) ★★★★☆position among all companies 11.6%

Capital efficiency Could not be retrieved

Business activities and revenue composition

Revenue and profit by business segment

Disclosed segments (business divisions used in reporting): one

Revenue and profit

GRCS

Period Dec 2024 to Nov 2025Source Annual securities reports

Amounts by account

Group	Account	Amount	Consolidated / Non-consolidated
Selling, general and administrative expenses	Salaries and allowances	¥0.3 billion	Consolidated
	Amortization of goodwill	¥0.1 billion	Consolidated
	Depreciation	¥17.20 million	Parent only
Profit by stage	Gross profit (loss)	¥1.0 billion	Consolidated
	Net income	¥-0.5 billion	Consolidated
	Ordinary income	¥-97.72 million	Consolidated
	Operating income	¥-67.83 million	Consolidated

GRCS

Selling, general and administrative expenses

Period Dec 2024 to Nov 2025Source Annual securities reports

Salaries and allowances　¥0.3 billion
Amortization of goodwill　¥0.1 billion
Depreciation　¥0.0 billion
Other (not itemized)　¥0.5 billion

Performance, financial position and capital allocation

Finance

-5.6% Net assets to total assets Industry median 55.2% FY ending 11/2025 · consolidated / calculated

-30.8% Return on assets (ROA)

¥-100.83 Net assets per share

¥-0.3 billion Free cash flow

¥1.7 billion Total assets

¥0.4 billion Goodwill (the part of the acquisition price above the net assets acquired)

Capital allocation

-1.9% Increase in working capital ★☆☆☆☆ position among all companies FY ending 11/2025 · consolidated / calculated

16.8% Property, plant and equipment purchases relative to depreciation ★☆☆☆☆ position among all companies FY ending 11/2025 · consolidated / calculated

GRCS

Recent performance trends

Source Annual securities reports

Year-on-year comparison

Period 2021 to 2025Disclosed

Item	2021	2022	2023	2024	2025
Net sales	¥1.8B	¥2.4B	¥2.8B	¥3.3B	¥3.3B
Year on year (%)	Could not be retrieved	comparison basis not confirmed	+16.0%	+18.1%	+1.4%
Ordinary income (loss)	¥0.1B	-¥0.2B	-¥0.2B	¥0.0B	-¥0.1B
Change from prior year	Could not be retrieved	comparison basis not confirmed	0.93x	loss to profit◆	profit to loss◆
Ordinary income (loss) as a share of Net sales	5.7%	-7.8%	-6.2%	0.8%	-2.9%
Change (percentage points)	Could not be retrieved	comparison basis not confirmed	+1.6 points	+7.0 points◆	-3.7 points◆

Fiscal periods marked for changes

2024Ordinary income (loss) as a share of revenue +7.0 points, Ordinary income (loss) loss to profit
2025Ordinary income (loss) as a share of revenue -3.7 points, Ordinary income (loss) profit to loss

GRCS

Earnings and net assets per share over time

Unit yenSource Annual securities reports

Consolidated indicators (14 items)

Item	4 years ago	3 years ago	2 years ago	Last year	This year
Net sales	Could not be retrieved	¥2.4 billion	¥2.8 billion	¥3.3 billion	¥3.3 billion
Ordinary income (loss)	Could not be retrieved	¥-0.2 billion	¥-0.2 billion	¥25.60 million	¥-97.72 million
Net income (loss) attributable to owners of parent	Could not be retrieved	¥-0.2 billion	¥-0.3 billion	¥0.1 billion	¥-0.5 billion
Comprehensive income	Could not be retrieved	¥-0.2 billion	¥-0.3 billion	¥0.1 billion	¥-0.5 billion
Net assets	Could not be retrieved	¥0.5 billion	¥0.2 billion	¥0.4 billion	¥-95.94 million
Total assets	Could not be retrieved	¥1.5 billion	¥1.4 billion	¥1.9 billion	¥1.7 billion
Net assets per share	Could not be retrieved	347.19 yen	134.63 yen	290.11 yen	-100.83 yen
Basic earnings (loss) per share	Could not be retrieved	-160.6 yen	-218.52 yen	85.05 yen	-390.94 yen
Equity-to-asset ratio	Could not be retrieved	29.6%	12.1%	20.4%	-7.9%
Return on equity	Could not be retrieved	Could not be retrieved	Could not be retrieved	39.9%	Could not be retrieved
Net cash provided by (used in) operating activities	Could not be retrieved	¥-0.3 billion	¥-0.1 billion	¥0.3 billion	¥20.25 million
Net cash provided by (used in) investing activities	Could not be retrieved	¥19.80 million	¥-0.2 billion	¥-0.2 billion	¥-0.3 billion
Net cash provided by (used in) financing activities	Could not be retrieved	¥0.2 billion	¥0.1 billion	¥41.59 million	¥70.39 million
Cash and cash equivalents	Could not be retrieved	¥0.8 billion	¥0.6 billion	¥0.7 billion	¥0.5 billion

Parent only indicators (16 items)

Item	4 years ago	3 years ago	2 years ago	Last year	This year
Net sales	¥1.8 billion	¥2.2 billion	¥2.4 billion	¥2.9 billion	¥3.1 billion
Ordinary income (loss)	¥0.1 billion	¥-0.2 billion	¥-0.2 billion	¥49.13 million	¥-88.95 million
Net income (loss)	¥0.1 billion	¥-0.2 billion	¥-0.3 billion	¥0.1 billion	¥-0.6 billion
Capital stock	¥0.3 billion	¥0.3 billion	¥0.3 billion	¥0.4 billion	¥50.00 million
Total number of issued shares (common stock)	1,309,000 shares	1,309,800 shares	1,314,130 shares	1,380,130 shares	1,380,130 shares
Net assets	¥0.8 billion	¥0.4 billion	¥0.2 billion	¥0.4 billion	¥-95.94 million
Total assets	¥1.3 billion	¥1.3 billion	¥1.3 billion	¥1.8 billion	¥1.7 billion
Net assets per share	574.13 yen	348.05 yen	120.54 yen	309.34 yen	-100.83 yen
Basic earnings (loss) per share	122.81 yen	-159.75 yen	-233.5 yen	108.09 yen	-410.17 yen
Diluted earnings per share	114.49 yen	Could not be retrieved	Could not be retrieved	Could not be retrieved	Could not be retrieved
Equity-to-asset ratio	59.0%	33.1%	12.0%	22.9%	-8.2%
Return on equity	33.4%	Could not be retrieved	Could not be retrieved	49.9%	Could not be retrieved
Net cash provided by (used in) operating activities	¥0.2 billion	Could not be retrieved	Could not be retrieved	Could not be retrieved	Could not be retrieved
Net cash provided by (used in) investing activities	¥-8.79 million	Could not be retrieved	Could not be retrieved	Could not be retrieved	Could not be retrieved
Net cash provided by (used in) financing activities	¥0.5 billion	Could not be retrieved	Could not be retrieved	Could not be retrieved	Could not be retrieved
Cash and cash equivalents	¥0.9 billion	Could not be retrieved	Could not be retrieved	Could not be retrieved	Could not be retrieved

Shareholder composition

As of 2025-11-30Disclosed

Share ownership by holder category

894 Shareholders

4.12% Foreign holders (total) Industry median 3.64%

53.25% Individuals and others Industry median 52.53%

GRCS

Unit %Source Annual securities reports

Financial institutions18.48%
Securities firms7.54%
Other corporations16.61%
Foreign holders (institutions)1.36%
Foreign holders (individuals)2.76%
Individuals and others53.25%

Major shareholders

Rank	Shareholder	Shareholding ratio	Shares held
1	合同会社Ｔｒｏｊａｎｓ	27.7%	374,000
2	塚本拓也	5.92%	80,000
3	佐々木慈和	5.19%	70,100
4	マイルストーン・キャピタル・マネジメント株式会社	4.63%	62,500
5	板倉聡	4.44%	60,000
6	新井友行	3.7%	50,000
7	ベル投資事業有限責任組合１無限責任組合員ベル有限責任事業	2.97%	40,100
8	田中郁恵	2.96%	40,000
9	楽天証券株式会社共有口	2.42%	32,700
10	宮越則和	2.38%	32,200

Research and development expenses and capital expenditure

Source: R&D and capital expenditure sections, annual securities reports · 1 years (FY 2025)Disclosed

Not disclosed Research and development

¥0.4 billion Capital expenditure 11.4% of revenue (industry median 2.3%)

Revenue scale in the same industry

GRCS

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

1 RecruitFY Mar 2026 ¥3.7T
2 Sumitomo Mitsui Finance and LeasingFY Mar 2026 ¥2.6T
3 Rakuten GroupFY Dec 2025 ¥2.5T
… 479 companies
483 SchooFY Sep 2025 ¥3.4B
484 JTECFY Mar 2026 ¥3.4B
485 GRCSThis companyFY Nov 2025 ¥3.3B
486 ShowcaseFY Mar 2026 ¥3.3B
487 御園座FY Mar 2026 ¥3.2B
… 184 companies

Workforce information

Source: Annual Securities Report (Dec 2024 to Nov 2025)Parent-onlyDisclosed

213 Employees (parent only) Industry median 130

39.3 Average age Industry median 38.8

3.7 years Average length of service Industry median 6.6 years

¥6.98 million Average annual salary Industry median ¥5.89 million

People and organisation

15.7¥ million Sales per employee Industry median 24.2¥ million FY ending 11/2025 · consolidated / calculated

¥-0.32 million Operating income per employee

77.3% Wage gap between men and women

20.0% Women in managerial positions

45.0% Share of female employees

150.0% Men taking childcare leave

Men 142
Women 71 Employees by gender

1 / 10 Female managers

Administrative filings and published information

Workplace information filings

Filed 2026-06-25Disclosed

Item	Value
Employees	213
Childcare leave taken, men Scope: その他	200%
Childcare leave taken, women Scope: その他	100%
Share of managers who are women	10%

Audit and disclosure information

Annual securities report, year ended 2025-11-30Disclosed

Item	Value
Audit firm	仰星監査法人
Audit fees (this year, total)	¥33.78 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)

Item	Value	Consolidated / Non-consolidated
Comprehensive income	¥-0.5 billion	Consolidated
Net cash provided by (used in) operating activities	¥20.25 million	Consolidated
Net sales	¥3.3 billion	Consolidated
Net cash provided by (used in) investing activities	¥-0.3 billion	Consolidated
Cash and cash equivalents	¥0.5 billion	Consolidated
Net assets	¥-95.94 million	Consolidated
Ordinary income (loss)	¥-97.72 million	Consolidated
Total assets	¥1.7 billion	Consolidated
Equity-to-asset ratio	-7.9%	Consolidated
Net income (loss) attributable to owners of parent	¥-0.5 billion	Consolidated
Net cash provided by (used in) financing activities	¥70.39 million	Consolidated
Basic earnings (loss) per share	-390.94 yen	Consolidated
Net assets per share	-100.83 yen	Consolidated
Net sales	¥3.1 billion	Parent only
Net income (loss)	¥-0.6 billion	Parent only
Total number of issued shares (common stock)	1,380,130 shares	Parent only
Net assets	¥-95.94 million	Parent only
Ordinary income (loss)	¥-88.95 million	Parent only
Total assets	¥1.7 billion	Parent only
Equity-to-asset ratio	-8.2%	Parent only
Capital stock	¥50.00 million	Parent only
Basic earnings (loss) per share	-410.17 yen	Parent only
Net assets per share	-100.83 yen	Parent only

Employees (10 items)

Item	Value	Consolidated / Non-consolidated
Number of employees	213 people	Consolidated
Number of employees	213 people	Consolidated
Wage gap between men and women (all employees)	77.3%	Parent only
Average length of service (years)	3.7 years	Parent only
Average annual salary	¥6.98 million	Parent only
Average age (years)	39.3 years old	Parent only
Number of employees	213 people	Parent only
Number of employees	213 people	Parent only
Wage gap between men and women (regular employees)	72.1%	Parent only
Wage gap between men and women (non-regular employees)	105.9%	Parent only

Shares (8 items)

Item	Value	Consolidated / Non-consolidated
Number of shares held	841,600 shares	Consolidated
Total number of shares held treasury shares etc	29,800 shares	Consolidated
Number of shares	1,380,130 shares	Consolidated
Shareholding ratio treasury shares etc	2.2%	Consolidated
Shareholding ratio	62.3%	Consolidated
Number of shares held in own name treasury shares etc	29,800 shares	Consolidated
Number of voting rights	13,489 units	Consolidated
Total shareholder return	12.4%	Parent only

Other disclosed items (4 items)

Item	Value	Consolidated / Non-consolidated
Number of consolidated subsidiaries	1 companies	Consolidated
Rate of male employees taking childcare leave (all employees)	150.0%	Parent only
Total return on the share price index	175.2%	Parent only
Ratio of female employees in managerial positions	20.0%	Parent only

Property and facilities (1 items)

Item	Value	Consolidated / Non-consolidated
Capital expenditures	¥0.4 billion	Consolidated

Audit (2 items)

Item	Value	Consolidated / Non-consolidated
Fees for audit and attestation services - reporting company	¥33.78 million	Consolidated
Fees for audit and attestation services - total	¥33.78 million	Consolidated

Balance sheet (99 items)

Item	Value	Consolidated / Non-consolidated
Other	¥1.75 million	Consolidated
Other	¥1.40 million	Consolidated
Goodwill	¥0.4 billion	Consolidated
Software	¥0.1 billion	Consolidated
Lease obligations	¥0.2 billion	Consolidated
Lease obligations	¥90.64 million	Consolidated
Provision for business structure improvement	¥0.1 billion	Consolidated
Work in process	¥6.11 million	Consolidated
Retained earnings	¥-0.7 billion	Consolidated
Prepaid expenses	¥0.1 billion	Consolidated
Non-current liabilities	¥0.9 billion	Consolidated
Non-current assets	¥0.6 billion	Consolidated
Contract liabilities	¥0.2 billion	Consolidated
Tools, furniture and fixtures	¥8.94 million	Consolidated
Guarantee deposits	¥39.34 million	Consolidated
Buildings, net	¥47.09 million	Consolidated
Investments and other assets	¥79.01 million	Consolidated
Subscription rights to shares	¥40.22 million	Consolidated
Property, plant and equipment	¥56.04 million	Consolidated
Income taxes payable	¥0.45 million	Consolidated
Accrued consumption taxes	¥44.09 million	Consolidated
Accrued expenses	¥0.2 billion	Consolidated
Shareholders' equity	¥-0.1 billion	Consolidated
Current liabilities	¥0.9 billion	Consolidated
Current assets	¥1.1 billion	Consolidated
Accumulated depreciation	¥-73.53 million	Consolidated
Intangible assets	¥0.5 billion	Consolidated
Cash and cash equivalents	¥0.5 billion	Consolidated
Cash and deposits	¥0.5 billion	Consolidated
Bonds payable	¥0.1 billion	Consolidated
Net assets	¥-95.94 million	Consolidated
Net assets	¥-95.94 million	Consolidated
Total assets	¥1.7 billion	Consolidated
Deferred tax assets	¥36.96 million	Consolidated
Treasury stock	¥-99.72 million	Consolidated
Liabilities	¥1.8 billion	Consolidated
Liabilities and net assets	¥1.7 billion	Consolidated
Accounts payable - trade	¥0.1 billion	Consolidated
Capital surplus	¥0.6 billion	Consolidated
Capital stock	¥50.00 million	Consolidated
Asset retirement obligations	¥18.15 million	Consolidated
Long-term loans payable	¥0.3 billion	Consolidated
Long-term prepaid expenses	¥0.97 million	Consolidated
Long term accounts payable other	¥0.1 billion	Consolidated
Deposits received	¥22.98 million	Consolidated
Customer relationship	¥11.08 million	Consolidated
Current portion of bonds payable	¥48.00 million	Consolidated
Current portion of long-term loans payable	¥0.2 billion	Consolidated
Other	¥1.75 million	Parent only
Other	¥1.56 million	Parent only
Other capital surplus	¥0.3 billion	Parent only
Goodwill	¥0.4 billion	Parent only
Software	¥0.1 billion	Parent only
Lease obligations	¥0.2 billion	Parent only
Lease obligations	¥90.64 million	Parent only
Provision for business structure improvement	¥0.1 billion	Parent only
Work in process	¥6.11 million	Parent only
Retained earnings	¥-0.7 billion	Parent only
Prepaid expenses	¥0.1 billion	Parent only
Non-current liabilities	¥0.9 billion	Parent only
Non-current assets	¥0.7 billion	Parent only
Contract liabilities	¥0.2 billion	Parent only
Tools, furniture and fixtures	¥8.94 million	Parent only
Guarantee deposits	¥39.34 million	Parent only
Buildings, net	¥47.09 million	Parent only
Investments and other assets	¥0.1 billion	Parent only
Allowance for investment loss	¥-40.80 million	Parent only
Subscription rights to shares	¥40.22 million	Parent only
Property, plant and equipment	¥56.04 million	Parent only
Income taxes payable	¥0.42 million	Parent only
Accrued consumption taxes	¥43.34 million	Parent only
Accrued expenses	¥0.2 billion	Parent only
Shareholders' equity	¥-0.1 billion	Parent only
Current liabilities	¥0.9 billion	Parent only
Current assets	¥1.0 billion	Parent only
Intangible assets	¥0.5 billion	Parent only
Cash and deposits	¥0.4 billion	Parent only
Bonds payable	¥0.1 billion	Parent only
Net assets	¥-95.94 million	Parent only
Net assets	¥-95.94 million	Parent only
Total assets	¥1.7 billion	Parent only
Deferred tax assets	¥36.96 million	Parent only
Retained earnings brought forward	¥-0.7 billion	Parent only
Treasury stock	¥-99.72 million	Parent only
Liabilities	¥1.7 billion	Parent only
Liabilities and net assets	¥1.7 billion	Parent only
Accounts payable - trade	¥0.1 billion	Parent only
Capital surplus	¥0.6 billion	Parent only
Legal capital surplus	¥0.3 billion	Parent only
Capital stock	¥50.00 million	Parent only
Asset retirement obligations	¥18.15 million	Parent only
Long-term loans payable	¥0.3 billion	Parent only
Long-term prepaid expenses	¥0.97 million	Parent only
Long term accounts payable other	¥0.1 billion	Parent only
Shares of subsidiaries and associates	¥96.18 million	Parent only
Deposits received	¥21.87 million	Parent only
Customer relationship	¥11.08 million	Parent only
Current portion of bonds payable	¥48.00 million	Parent only
Current portion of long-term loans payable	¥0.2 billion	Parent only

Accounts unique to this company (5 items)

Item	Value	Consolidated / Non-consolidated
Revenue	¥0.4 billion	Consolidated
Revenue	¥8.06 million	Consolidated
Revenue	¥0.4 billion	Parent only
Revenue	¥1.80 million	Parent only
Revenue	¥8.06 million	Parent only

Statement of income (64 items)

Item	Value	Consolidated / Non-consolidated
Other	¥0.14 million	Consolidated
Other	¥1.21 million	Consolidated
Amortization of goodwill	¥0.1 billion	Consolidated
Provision for business structure improvement	¥0.1 billion	Consolidated
Comprehensive income	¥-0.5 billion	Consolidated
Interest income	¥0.72 million	Consolidated
Commission fee	¥0.43 million	Consolidated
Operating income	¥-67.83 million	Consolidated
Non-operating income	¥1.29 million	Consolidated
Non-operating expenses	¥31.18 million	Consolidated
Net cash provided by (used in) operating activities	¥20.25 million	Consolidated
Cost of sales	¥2.4 billion	Consolidated
Gross profit (loss)	¥1.0 billion	Consolidated
Net sales	¥3.3 billion	Consolidated
Net income	¥-0.5 billion	Consolidated
Net income	¥-0.5 billion	Consolidated
Net income (loss)	¥-0.5 billion	Consolidated
Net income (loss)	¥-0.5 billion	Consolidated
Net cash provided by (used in) investing activities	¥-0.3 billion	Consolidated
Interest expenses	¥12.37 million	Consolidated
Income taxes - current	¥2.31 million	Consolidated
Income taxes	¥76.45 million	Consolidated
Income taxes - deferred	¥74.14 million	Consolidated
Impairment loss	¥0.2 billion	Consolidated
Foreign exchange losses	¥4.52 million	Consolidated
Extraordinary loss	¥0.4 billion	Consolidated
Effect of exchange rate change on cash and cash equivalents	¥-2.73 million	Consolidated
Net increase (decrease) in cash and cash equivalents	¥-0.2 billion	Consolidated
Bond issuance cost	¥5.01 million	Consolidated
Income (loss) before income taxes	¥-0.5 billion	Consolidated
Income (loss) before income taxes	¥-0.5 billion	Consolidated
Ordinary income	¥-97.72 million	Consolidated
Salaries and allowances	¥0.3 billion	Consolidated
Comprehensive income attributable to owners of parent	¥-0.5 billion	Consolidated
Net cash provided by (used in) financing activities	¥70.39 million	Consolidated
Selling, general and administrative expenses	¥1.0 billion	Consolidated
Other	¥0.14 million	Parent only
Other	¥1.21 million	Parent only
Amortization of goodwill	¥0.1 billion	Parent only
Provision for business structure improvement	¥0.1 billion	Parent only
Interest income	¥0.54 million	Parent only
Commission fee	¥0.43 million	Parent only
Operating income	¥-61.62 million	Parent only
Non-operating income	¥2.92 million	Parent only
Non-operating expenses	¥30.24 million	Parent only
Cost of sales	¥2.2 billion	Parent only
Gross profit (loss)	¥0.9 billion	Parent only
Net sales	¥3.1 billion	Parent only
Net income (loss)	¥-0.6 billion	Parent only
Net income (loss)	¥-0.6 billion	Parent only
Provision of allowance for investment loss	¥40.80 million	Parent only
Interest expenses	¥11.43 million	Parent only
Income taxes - current	¥0.92 million	Parent only
Income taxes	¥70.39 million	Parent only
Income taxes - deferred	¥69.47 million	Parent only
Depreciation	¥17.20 million	Parent only
Impairment loss	¥0.2 billion	Parent only
Foreign exchange losses	¥4.52 million	Parent only
Extraordinary loss	¥0.4 billion	Parent only
Bond issuance cost	¥5.01 million	Parent only
Income (loss) before income taxes	¥-0.5 billion	Parent only
Ordinary income	¥-88.95 million	Parent only
Salaries and allowances	¥0.3 billion	Parent only
Selling, general and administrative expenses	¥1.0 billion	Parent only

Statement of changes in equity (4 items)

Item	Value	Consolidated / Non-consolidated
Total changes during the period	¥-0.5 billion	Consolidated
Net changes in items other than shareholders' equity	¥16.60 million	Consolidated
Total changes during the period	¥-0.5 billion	Parent only
Net changes in items other than shareholders' equity	¥16.60 million	Parent only

Statement of cash flows (33 items)

Item	Value	Consolidated / Non-consolidated
Other	¥-4.20 million	Consolidated
Increase (decrease) in other liabilities	¥0.21 million	Consolidated
Decrease (increase) in other assets	¥-4.00 million	Consolidated
Amortization of goodwill	¥0.1 billion	Consolidated
Repayments of lease obligations	¥-9.28 million	Consolidated
Increase decrease in provision for business structure improvement	¥0.1 billion	Consolidated
Payments for transfer of business2	¥-0.2 billion	Consolidated
Increase decrease in notes and accounts payable trade	¥-16.89 million	Consolidated
Interest received	¥0.72 million	Consolidated
Interest expenses paid	¥-11.45 million	Consolidated
Interest income	¥-0.72 million	Consolidated
(Increase) decrease in notes receivable, trade receivables, contract assets and other	¥65.05 million	Consolidated
Increase (decrease) in contract liabilities	¥-13.16 million	Consolidated
Subtotal	¥56.37 million	Consolidated
Proceeds from collection of guarantee deposits	¥0.42 million	Consolidated
Payments for guarantee deposits	¥-0.14 million	Consolidated
Interest expenses	¥12.37 million	Consolidated
Purchase of property plant and equipment	¥-9.26 million	Consolidated
Decrease in consumption taxes payable	¥-45.47 million	Consolidated
Increase/(decrease) in accounts payable - expenses	¥-54.96 million	Consolidated
Share-based payment expenses	¥16.60 million	Consolidated
Decrease (increase) in inventories	¥-2.60 million	Consolidated
Income taxes paid	¥-25.39 million	Consolidated
Depreciation	¥55.22 million	Consolidated
Impairment loss	¥0.2 billion	Consolidated
Foreign exchange loss (gain)	¥2.00 million	Consolidated
Purchase of intangible assets	¥-88.20 million	Consolidated
Decrease/increase in short-term loans payable	¥-37.50 million	Consolidated
Redemption of bonds	¥-34.00 million	Consolidated
Proceeds from issuance of bonds	¥0.1 billion	Consolidated
Increase (decrease) in allowance for doubtful accounts	¥-4.49 million	Consolidated
Proceeds from long term loans payable	¥0.2 billion	Consolidated
Repayment of long term loans payable	¥-0.2 billion	Consolidated

Basic indicators

Item	Value	Consolidated / Non-consolidated	Source
Net cash provided by (used in) operating activities	¥20.25 million	Consolidated	Disclosed
Number of employees	213	Consolidated	Disclosed
Net assets	¥-95.94 million	Consolidated	Disclosed
Net sales	¥3.3 billion	Consolidated	Disclosed
Operating income	¥-67.83 million	Consolidated	Disclosed
Ordinary income	¥-97.72 million	Consolidated	Disclosed
Net income	¥-0.5 billion	Consolidated	Disclosed
Total assets	¥1.7 billion	Consolidated	Disclosed
Operating margin	-2.0%	Consolidated	Calculated
Net margin	-15.8%	Consolidated	Calculated
Sales per employee	15651080 yen	Consolidated	Calculated
Total asset turnover	1.95 times	Consolidated	Calculated
Net assets to total assets	-5.6%	Consolidated	Calculated

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
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Key figures

Operating margin -2%　Operating income ÷ net sales 　＝ ¥-67.83 million ÷ ¥3.3 billion
Operating income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
Net margin -15.8%　Net income ÷ net sales 　＝ ¥-0.5 billion ÷ ¥3.3 billion
Net income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
Sales per employee 15,651,080 yen　Sales or operating revenue ÷ employees 　＝ ¥3.3 billion ÷ 213 people
Sales or operating revenue ÷ employees. The denominator is Number of employees (Consolidated, Japanese GAAP).
Total asset turnover 1.95 times　Sales or operating revenue ÷ total assets 　＝ ¥3.3 billion ÷ ¥1.7 billion
Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).
Net assets to total assets -5.6%　Net assets ÷ total assets 　＝ ¥-95.94 million ÷ ¥1.7 billion
Net assets ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).

Company details

Representative　President, Representative Director, gBizINFO
Date of incorporation　gBizINFO · 21 years since incorporation
Consolidated subsidiaries　Annual Securities Report

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
Goodwill (the part of the acquisition price above the net assets acquired)　-408% of net 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 ¥65.05 million + inventories up ¥2.60 million, over net sales ¥3.3 billion
Property, plant and equipment purchases relative to depreciation　Purchase of property, plant and equipment ÷ depreciation。Purchase of property, plant and equipment ¥9.26 million, over depreciation ¥55.22 million

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).

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: 213 (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
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)
Share of female employees　gBizINFO, covering その他
Men taking childcare leave　Reporting company (parent only)
Employees by gender　gBizINFO
Female managers　gBizINFO: 1 women among 10 managers

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 GRCS Inc. on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 3010001097899 / 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

GRCS

Company highlights

Key figures

Company profile

Disclosed data

Business activities and revenue composition

Revenue and profit by business segment

Revenue and profit

Selling, general and administrative expenses

Performance, financial position and capital allocation

Recent performance trends

Year-on-year comparison

Fiscal periods marked for changes

Earnings and net assets per share over time

Shareholder composition

Share ownership by holder category

Major shareholders

Research and development expenses and capital expenditure

Revenue scale in the same industry

Workforce information

Administrative filings and published information

Workplace information filings

Audit and disclosure information

Related books, articles and videos

Sources and methodology

Terms

Key figures

Company details

Amounts by account

Selling, general and administrative expenses

Finance

Capital allocation

Year-on-year comparison

Earnings and net assets per share over time

Share ownership by holder category

Major shareholders

Research and development expenses and capital expenditure

Revenue scale in the same industry

Workforce information

People and organisation

Workplace information filings

Audit and disclosure information

Data sources and calculation methods