VIS Co., Ltd.
5071・Standard Market・Services
Business
VIS Inc. upholds the purpose of "Making working people happy," and centers its business on the Branding Business, which provides Office Design, Graphic Design, and Web Design in an integrated manner. It also develops the Data Solution & Place Solution Business, offering the Work Design Platform (a DX tool for workplace construction) and Cocoeru (an organizational improvement survey), as well as place solutions through the operation of The Place (Flexible Office). Its major clients range broadly from high-growth startups to major, long-established companies, and it has a track record of over 8,500 construction projects. Founded in 1998, the company is listed on the Standard Market of the Tokyo Stock Exchange.
Business Model
Branding Business (¥15,887 million in FY2026 (ending March 2026)) accounts for over 96% of net sales, with design and construction contracting for office relocation and renovation serving as the main revenue source. The Data Solution & Place Solution Business (¥601 million) consists of subscription-type revenue from DX tools and rental income from Flexible Offices. With zero borrowings and cash of ¥6,604 million, the company maintains a debt-free management structure and a stable financial base built primarily on internal funds.
Company Strengths
Leveraging know-how accumulated from over 8,500 office design projects since its founding, the company provides optimal solutions for each client's challenges. In FY2026 (ending March 2026), orders received in the Branding Business reached ¥17,427,990 thousand (111.9% year-on-year), and the order backlog rose sharply to ¥3,756,192 thousand (169.5% year-on-year), demonstrating that the accumulation of track record translates directly into order-winning competitiveness.
As of the end of FY2026 (ending March 2026), the company had zero interest-bearing debt and held cash and cash equivalents of ¥6,604 million. Against net assets of ¥7,934 million, the equity ratio remains at a high level. While covering short-term working capital needs with its own funds, the company maintains capacity for new business investment, resulting in extremely low financial risk.
The company provides Branding (Office Design, Graphic Design, Web Design), Data Solution (DX tools, surveys), and Place Solution (Flexible Office operation) services within a single group. This one-stop system, which resolves clients' "Work Design" challenges through a single company, serves as a differentiating factor that is difficult for competitors to replicate in a short period.
ENVALITH's Perspective
Performance Trend
Revenue increased 53.7% over five fiscal periods, from ¥10,727 million in FY2022 (ended March 2022) to ¥16,489 million in FY2026 (ending March 2026), while operating profit rose 92.7% from ¥1,008 million to ¥1,942 million. However, the FY2026 revenue growth rate of 1.5% and operating profit growth rate of 1.4% slowed significantly from the previous fiscal year (12.9% and 25.7%, respectively). The operating margin remained at 11.8%, the same level as the prior fiscal year. As external factors, the return-to-office demand backed by improving employment and income conditions has been a tailwind, while cautious corporate investment sentiment stemming from US tariff policy and geopolitical risks appears to be a contributing factor to the growth slowdown. For FY2027 (ending March 2027), revenue is forecast at ¥18,397 million (up 11.6%), but net profit is expected to decline 9.5%.
Growth Strategy
Under VISION2027, the company aims to achieve net sales of ¥20,056 million through continued growth in the Branding Business and strategic expansion of the Data Solution & Place Solution Business
The company continues sales activities focused mainly on high-growth companies and companies proactively reviewing their work styles, strengthening new customer acquisition and follow-up with existing customers through diverse marketing methods. In FY2026 (ending March 2026), the segment achieved net sales of ¥15,887 million (up 1.8% year on year) and segment profit of ¥2,001 million (up 5.0% year on year). For FY2027 (ending March 2027), companywide net sales of ¥18,397 million are forecast.
The company is expanding operations of the flexible office "The Place" in the Tokyo, Nagoya, and Osaka areas, newly opening "The Place Shimbashi" in Minato-ku, Tokyo in October 2025. While aiming to build up stock-type revenue in the Place Solution Business, segment profit for the Data Solution & Place Solution Business was limited to ¥64 million, down 49.0% year on year, due to upfront investment.
The company aims to capture demand for data-driven workplace construction by expanding the provision of the "Work Design Platform," a workplace construction DX tool developed by its subsidiary Work Design Technologies, and "Cocoeru," an organizational improvement survey tool. Currently, the scale remains limited, with net sales of ¥601 million for the Data Solution & Place Solution Business as a whole.
Based on VISION2027 formulated in June 2025, the company is promoting the expansion of its business domain from Office Design to Work Design (design of working environments and work styles). FY2026 (ending March 2026), the first year of VISION2027, saw the execution of various priority measures. As its ultimate goal, the company aims to achieve net sales of ¥20,056 million in FY2028 (ending March 2028).
Last updated: July 19, 2026