ENVALITH
株式会社ランシステム logo

RUNSYSTEM CO.,LTD.

3326・Standard Market・Services

Official website
株式会社ランシステム logo
RUNSYSTEM CO.,LTD.3326

Business

Ran System Co., Ltd. has expanded its complex café format—combining manga, internet, and private room spaces—nationwide since opening its first "Space Create Jiyu-Kukan" store in 1998. As of the end of March 2026, the company operates a total of 75 stores across the country from Hokkaido to Kyushu, comprising 29 directly operated group stores and 46 franchise stores. In addition to its Entertainment business, the company is organized into three segments: Systems (Labor-Saving System and Telework Support System), which sells externally the system know-how accumulated through store operations, and Real Estate, which handles real estate leasing management. The company became a subsidiary of AOKI Holdings in 2022, and supplying systems to the AOKI group has also become an important source of revenue.

Business Model

In the Entertainment segment, revenue sources are hourly usage fees from directly operated stores and FC royalties (2-3% of sales) and equipment wholesale. In the Systems segment, in addition to sales of Labor-Saving Systems (Self-Service Systems), the company builds up recurring revenue from maintenance and management operations. The supply of systems and PC-Related Components to the parent company AOKI Holdings group accounts for over 40% of sales, making it a major customer, with group synergies underpinning earnings. The Real Estate segment contributes stably as a high-profitability segment with a profit margin exceeding 60%.

Company Strengths

The company commercialized the complex café "Space Create Jiyu-Kukan" in 1998, and has since maintained an operating track record of over 20 years as the industry's leading company. In 2018, it achieved a fully self-service store with no reception counter, and possesses proprietary technology and know-how that has driven the evolution of the business format through in-house development and early adoption of systems such as automated entry/exit systems.

In June 2022, the company implemented a third-party allotment of new shares to AOKI Holdings, becoming its subsidiary. In FY2026 (ending March 2026), sales to Kaikatsu Frontier Co., Ltd. reached ¥2,195,826 thousand (40.4% of total sales results), with demand within the group forming a stable sales base.

The ability to utilize existing Jiyu-Kukan directly operated stores as "test stores for system development" serves as a differentiating factor from competitors. By externally selling systems that have actually been operated and verified at its own stores, the company has gained customer trust, and in FY2026 (ending March 2026), Systems segment sales reached ¥2,207 million, with segment profit of ¥184 million (profit margin of approximately 8.3%), continuing to grow.

ENVALITH's Perspective

In FY2026 (ending March 2026), operating profit was ¥173 million (up 38.3% year on year) and profit attributable to owners of parent was ¥101 million (up 134.5% year on year), making the improvement in profitability clear. On the other hand, while the equity ratio improved to 7.7% (from 5.8% in the previous period), it remains at a low level, and the burden of repaying interest-bearing debt (short-term borrowings of ¥1,000 million and long-term borrowings of ¥1,585 million) continues. In financing activities cash flow, against repayment of long-term borrowings of ¥2,280 million, new borrowings of ¥2,500 million were taken out, indicating continued refinancing, and maintaining relationships with financial institutions remains an important management challenge.

Sales to the major customer Kaikatsu Frontier Co., Ltd. totaled approximately ¥2,196 million in FY2026 (ending March 2026), continuing a high dependence that accounts for approximately 40% of consolidated net sales. Systems net sales of ¥2,207 million (up 5.0% year on year) are growing, but accelerating the development of new customers is essential to diversify the risk of concentration on a specific customer. Attention is focused on the effectiveness of sales channel expansion through the

The company's earnings forecast for FY2027 (ending March 2027) calls for net sales of ¥4,800 million (down 11.6% year on year) and operating profit of ¥180 million (up 3.5% year on year), a decrease in revenue accompanied by an increase in profit. The decline in sales appears to be attributable to factors such as adjustments in the number of Entertainment stores, but the plan maintains a slight increase in operating profit, indicating continued qualitative improvement in the profit structure. While cost pressures from rising prices and utility costs continue as part of the external environment, expanding inbound demand is a tailwind for the amusement industry, and whether this can be captured and reflected in actual results will be a key focus.

Growth Strategy

Strengthening the earnings base through qualitative improvement in Entertainment and expansion of new customers and products in Systems

Accelerate the rollout of "Smart Darts," the new business format launched in the previous fiscal year, and develop it into a new revenue source for Entertainment. The support center supporting directly operated stores will also work to establish a new revenue base centered on remote customer service BPO.

Improve customer satisfaction and differentiation by introducing advanced technologies such as facial recognition systems and AI, and by developing and introducing new content including racing simulators. Efforts to capture inbound demand will also be promoted.

Continue to expand the introduction of Labor-Saving Systems and PC-Related Components to stores operated by group companies of parent company AOKI Holdings, thereby maximizing group synergies. Sales to Kaikatsu Frontier Co., Ltd. totaled approximately ¥2,196 million for FY2026 (ending March 2026), an increase from the previous fiscal year, reflecting deepening business relationships.

Expand sales channels by utilizing the "Partner Company Program (SIPP)," which will commence in FY2027 (ending March 2027). Through strengthened development capabilities via the capital and business alliance with GSSLAB and the development of new system products, the company aims to expand sales channels into diverse business formats.

Continue "cost optimization" as a pillar of management policy, and promote improvement of the earnings structure through the consolidation and closure of unprofitable stores. The equity ratio improved to 7.7% in FY2026 (ending March 2026) (from 5.8% in the previous fiscal year), and the company will continue to strengthen its financial base through the accumulation of retained earnings.

Last updated: July 19, 2026