# AIDA ENGINEERING,LTD.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第91期(2025/04/01－2026/03/31) (S100YG50)
> Page: https://vizora.meequs.com/en/company/aida-engineering
> Retrieved: 2026-09-30T20:58:26.498Z

## Company

Aida Engineering, founded in 1972, is a company in Machine Tools listed on TSE Prime. It has 2,042 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | AIDA ENGINEERING, LTD. |
| Ticker | 6118 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6118.T) |
| Listing | TSE Prime |
| Head office | 神奈川県相模原市緑区大山町2番10号 |
| Representative (per filing) | 代表取締役社長 鈴木利彦 |
| Founded | Oct 1972 |
| Share capital | ¥7.83B |
| Employees (consolidated) | 2,042 |
| Average salary (parent only) | ¥6.4M |
| Fiscal year end | March |
| Website | www.aida.co.jp (https://www.aida.co.jp/) |
| Corporate number | 6021001011037 |
| EDINET | E01545 |
| Industries (Vizora) | Machine Tools |

> Profile source: annual securities report (S100YG50, filed 2026-06-23). As of filing

## Five-axis industry profile

Primary industry: Machine Tools (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 51.5 | 34 |
| Profitability | 51.5 | 34 |
| Cash conversion | 62.9 | 31 |
| Efficiency | 57.4 | 34 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- About 33% of Aida Engineering's sales come from Japan, with Americas and Europe making up much of the rest.
- Out of every ¥100 of sales, about ¥7 is left as operating profit.
- Revenue changed +3.5% from the prior year, operating profit +2.9%.

## Company structure

- Segment revenue mix: Japan 33.1%、Americas 27.7%、Europe 17.3%、China 12.5%、Asia 9.5%
- Revenue → net income: ¥78647000000 → ¥4260000000
- Net income → operating cash flow: ¥4260000000 → ¥8201000000（difference ¥3941000000）
- Main uses of operating cash flow: CapEx ¥1766000000 / dividends ¥2282000000 / buybacks ¥3000000000
- Change in cash: ¥3677000000
Segment shares use total reported segment revenue, which may include inter-segment sales. The cash bridge is operating cash flow minus net income and combines non-cash items and working-capital effects.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥78.6B |  |
| Operating income | ¥5.69B | Margin 7.2% |
| Net income | ¥4.26B | Margin 5.4% |
| Free cash flow | ¥6.43B |  |
| Largest business | Japan | of segment revenue 33.1% |
| Employees (consolidated) | 2,042 |  |
| EPS | ¥79.59 |  |
| Diluted EPS | ¥79.45 |  |
| Book value per share | ¥1095.47 |  |
| Equity ratio | 69.0% |  |
| Shares outstanding | 59,662,021 |  |
| Treasury shares | 5,320,700 |  |
| Shareholders | 6,203 |  |
| Average salary (parent only) | ¥6.4M | Filing company only |
| Cash ratio | 29.2% | Cash ÷ revenue 46.6% |
| Vs. industry median margin | +0.1 pp | Machine Tools |
| ROE | 5.9% | Derived from disclosed figures |
| ROA | 3.4% | Derived from disclosed figures |

## Notable figures

- FY2026, buybacks were 1.3× dividends
- FY2026, segment profit share differs by 23 points
- FY2026, cash is 29% of total assets

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥58099000000 | ¥78647000000 | +35.4% |
| Operating income | ¥3722000000 | ¥5690000000 | +52.9% |
| Operating margin | 6.4% | 7.2% | +0.8 pp |
| Employees | 2,113 people | 2,042 people | -3.4% |
| Cash and equivalents | ¥31700000000 | ¥36662000000 | +15.7% |

### Change in segment revenue mix

Span: FY ending Mar 2021 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 日本 → 日本 | 33.1% |
| 日本 → 事業再編・廃止 | 13.8% |
| 中国 → 中国 | 11.1% |
| アジア → アジア | 8.2% |
| 米州 → 米州 | 17.6% |
| 欧州 → 欧州 | 16.2% |
| 新設・再編 → 中国 | 1.4% |
| 新設・再編 → アジア | 1.3% |
| 新設・再編 → 米州 | 10.1% |
| 新設・再編 → 欧州 | 1.0% |

Segment revenue source references: 10 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| Japan | 5 years | -0.9% | ¥26038000000 | 11.5% | 2 |
| Americas | 5 years | +16.3% | ¥21758000000 | 5.4% | 2 |
| Europe | 5 years | +7.6% | ¥13575000000 | 1.4% | 2 |
| China | 5 years | +8.8% | ¥9797000000 | 7.6% | 2 |
| Asia | 5 years | +9.4% | ¥7477000000 | 2.8% | 2 |

## Income statement（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 78,647 | 100.0% | S100YG50 |
| Cost of revenue | 61,099 | 77.7% | S100YG50 |
| Gross profit | 17,547 | 22.3% | S100YG50 |
| SG&A | 11,856 | 15.1% | S100YG50 |
| Operating income | 5,690 | 7.2% | S100YG50 |
| Ordinary income | 5,735 | 7.3% | S100YG50 |
| Pretax income | 6,214 | 7.9% | S100YG50 |
| Income tax | 1,954 | 2.5% | S100YG50 |
| Net income | 4,260 | 5.4% | S100YG50 |
| Net income attributable to owners | 4,260 | 5.4% | S100YG50 |

## Per ¥100 of revenue（FY ending Mar 2026）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 78 |
| SG&A | 15 |
| Operating income | 7 |
| (Ref.) Net income | 5 |

### Margin funnel

Gross margin 22.3% → Operating margin 7.2% → Net margin 5.4%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +3.5%; Core profit growth: +2.9%
Growth quality: similar-growth
Operating leverage (core profit growth ÷ revenue growth): 0.84×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Mar 2025 → FY ending Mar 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 76,006 | 78,647 | 2,641 | +3.5% |
| Gross profit | 16,040 | 17,547 | 1,507 | +9.4% |
| Operating income | 5,529 | 5,690 | 161 | +2.9% |
| Net income attributable to owners | 5,101 | 4,260 | -841 | -16.5% |
| Operating cash flow | 6,512 | 8,201 | 1,689 | +25.9% |
| Free cash flow | 5,613 | 6,435 | 822 | +14.6% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 69,159 | 6,173 | 8.9% | 4,022 | 3,908 | 2,596 | S100LREE |
| FY ending Mar 2021 | 58,099 | 3,722 | 6.4% | 1,316 | 7,263 | 6,010 | S100OFE6 |
| FY ending Mar 2022 | 62,466 | 2,505 | 4.0% | 896 | 5,905 | 3,712 | S100R4C1 |
| FY ending Mar 2023 | 68,795 | 1,540 | 2.2% | 1,295 | -1,129 | -3,502 | S100TQ4N |
| FY ending Mar 2024 | 72,742 | 3,615 | 5.0% | 2,808 | 3,169 | 1,512 | S100W1LW |
| FY ending Mar 2025 | 76,006 | 5,529 | 7.3% | 5,101 | 6,512 | 5,613 | S100YG50 |
| FY ending Mar 2026 | 78,647 | 5,690 | 7.2% | 4,260 | 8,201 | 6,435 | S100YG50 |

## People and productivity（FY ending Mar 2026, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥38.5M |
| Operating income per employee (consolidated) | ¥2.8M |
| Net income per employee (consolidated) | ¥2.1M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 2,057 | 2,046 | 2,020 | 1,958 | 2,042 |
| Average salary (parent company) | ¥5.9M | ¥6M | ¥6.1M | ¥6.2M | ¥6.4M |
| Average age (parent company) | 40.2 years | 40.8 years | 40.9 years | 41.0 years | 41.4 years |
| Average tenure (parent company) | 15.0 years | 15.2 years | 15.3 years | 15.5 years | 15.6 years |

Year over year: Employees (consolidated) +4.3% · Revenue (consolidated) +3.5%

## Segments（FY ending Mar 2026, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Japan | 26,038 | 33.1% | 2,997 | 11.5% |
| China | 9,797 | 12.5% | 743 | 7.6% |
| Asia | 7,477 | 9.5% | 206 | 2.8% |
| Americas | 21,758 | 27.7% | 1,184 | 5.4% |
| Europe | 13,575 | 17.3% | 190 | 1.4% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Revenue share | Profit share | Difference (pt) | Margin |
| --- | ---: | ---: | ---: | ---: |
| Japan | 33.1% | 56.3% | 23.2 | 11.5% |
| China | 12.5% | 14.0% | 1.5 | 7.6% |
| Asia | 9.5% | 3.9% | -5.6 | 2.8% |
| Americas | 27.7% | 22.3% | -5.4 | 5.4% |
| Europe | 17.3% | 3.6% | -13.7 | 1.4% |

Segment → industry: Europe → Machine Tools / Americas → Machine Tools / Asia → Machine Tools / China → Machine Tools / Japan → Machine Tools

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 8,201 | 10.4% | S100YG50 |
| Capital expenditure | 1,766 | 2.2% | S100YG50 |
| Free cash flow | 6,435 | 8.2% | 算出 |
| Investing cash flow | -1,881 | -2.4% | S100YG50 |
| Financing cash flow | -4,409 | -5.6% | S100YG50 |
| Dividends paid | 2,282 | 2.9% | S100YG50 |
| Share buyback | 3,000 | 3.8% | S100YG50 |
| Change in cash | 3,677 | 4.7% | S100YG50 |
| Cash and equivalents | 36,662 | 46.6% | S100YG50 |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 35,030 | 30,508 | 32,244 | 32,984 | 36,662 | S100TQ4N, S100W1LW, S100YG50 |
| Total assets | 113,933 | 116,287 | 126,195 | 122,862 | 125,424 | S100R4C1, S100TQ4N, S100W1LW, S100YG50 |
| Net assets | 78,664 | 78,043 | 82,321 | 83,637 | 86,658 | S100TQ4N, S100W1LW, S100YG50 |
| Share capital | 7,831 | 7,831 | 7,831 | 7,831 | 7,831 | S100R4C1, S100TQ4N, S100W1LW, S100YG50 |
| Property, plant and equipment | 21,462 | 21,015 | 20,889 | 20,227 | 21,329 | S100R4C1, S100TQ4N, S100W1LW, S100YG50 |
| Intangible assets excluding goodwill | 1,179 | 1,961 | 2,127 | 1,797 | 3,158 | S100R4C1, S100TQ4N, S100W1LW, S100YG50 |
| Investment securities | 10,469 | 9,186 | 11,196 | 9,979 | 10,622 | S100R4C1, S100TQ4N, S100W1LW, S100YG50 |
| Current assets | 77,703 | 82,522 | 90,283 | 88,927 | 88,327 | S100R4C1, S100TQ4N, S100W1LW, S100YG50 |
| Current liabilities | 28,150 | 31,887 | 36,882 | 33,201 | 31,464 | S100R4C1, S100TQ4N, S100W1LW, S100YG50 |
| Short-term borrowings | 1,094 | 582 | 1,469 | 1,620 | 2,751 | S100R4C1, S100TQ4N, S100W1LW, S100YG50 |
| Long-term borrowings | 1,500 | 1,000 | 1,000 | 1,000 | 1,500 | S100R4C1, S100TQ4N, S100W1LW, S100YG50 |
| Total liabilities | 35,269 | 38,244 | 43,873 | 39,224 | 38,766 | S100R4C1, S100TQ4N, S100W1LW, S100YG50 |
| Non-controlling interests | 671 | — | — | — | — | S100R4C1 |
| Equity attributable to owners of parent | 70,927 | 70,796 | 71,695 | 72,885 | 71,872 | S100R4C1, S100TQ4N, S100W1LW, S100YG50 |
| Retained earnings | 55,511 | 55,205 | 56,092 | 58,179 | 54,305 | S100R4C1, S100TQ4N, S100W1LW, S100YG50 |
| Treasury stock | -5,250 | -5,247 | -5,256 | -5,711 | -2,849 | S100R4C1, S100TQ4N, S100W1LW, S100YG50 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 29% | S100YG50 |
| Property, plant and equipment | 17% | S100YG50 |
| Intangibles and goodwill | 3% | S100YG50 |
| Investment securities | 8% | S100YG50 |
| Other assets | 43% | S100YG50 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 31% | S100YG50 |
| Equity | 69% | S100YG50 |

### Balance sheet history

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 113,933 | 116,287 | 126,195 | 122,862 | 125,424 |
| Equity | 78,664 | 78,043 | 82,321 | 83,637 | 86,658 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 35,030 | 30,508 | 32,244 | 32,984 | 36,662 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 27.1% | S100YG50 |
| Fixed assets ÷ total assets | 17.0% | S100YG50 |
| Goodwill ÷ parent equity | — | —, S100YG50 |

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 29.2% |
| Cash ÷ revenue | 46.6% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 144.1% |
| Cash vs. profit gap | 3,941 JPY mn (of net income 92.5%) |
| Shareholder returns / net income | 124.0% |
| Shareholder returns / FCF | 82.1% |
| Shareholder payments — dividends / net income | 53.6% |
| Shareholder payments — dividends / FCF | 35.5% |
| CapEx intensity (capex ÷ revenue) | 2.2% |
| Investing CF relative to operating CF | 22.9% |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 1.4% | 0.55× | 0.8% | 1.61× | 1.3% | S100R4C1 |
| 2023 | 1.9% | 0.60× | 1.1% | 1.62× | 1.8% | S100TQ4N |
| 2024 | 3.9% | 0.60× | 2.3% | 1.70× | 3.9% | S100W1LW |
| 2025 | 6.7% | 0.61× | 4.1% | 1.72× | 7.1% | S100YG50 |
| 2026 | 5.4% | 0.63× | 3.4% | 1.72× | 5.9% | S100YG50 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 8.2% | 2026-03-31 |
| 株式会社日本カストディ銀行 (信託Ｅ口) | Major shareholder | 7.3% | 2026-03-31 |
| 第一生命保険株式会社 | Major shareholder | 4.5% | 2026-03-31 |
| 日本生命保険相互会社 | Major shareholder | 4.4% | 2026-03-31 |
| 明治安田生命保険相互会社 | Major shareholder | 4.3% | 2026-03-31 |
| 株式会社みずほ銀行 | Major shareholder | 3.7% | 2026-03-31 |
| アイダエンジニアリング取引先持株会 | Major shareholder | 2.8% | 2026-03-31 |
| 会田 仁一 | Major shareholder | 2.4% | 2026-03-31 |
| MSIP CLIENT SECURITIES (常任代理人 モルガン・スタンレーMUFG証券株式会社) | Major shareholder | 2.3% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 1.9% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第91期(2025/04/01－2026/03/31) | S100YG50 | 2026-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YG50,, |
| 有価証券報告書－第90期(2024/04/01－2025/03/31) | S100W1LW | 2025-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W1LW,, |
| 有価証券報告書－第89期(2023/04/01－2024/03/31) | S100TQ4N | 2024-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TQ4N,, |
| 有価証券報告書－第88期(2022/04/01－2023/03/31) | S100R4C1 | 2023-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R4C1,, |
| 有価証券報告書－第87期(令和3年4月1日－令和4年3月31日) | S100OFE6 | 2022-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OFE6,, |
| 有価証券報告書－第86期(令和2年4月1日－令和3年3月31日) | S100LREE | 2021-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LREE,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).