# Beauty Kadan Holdings Co.,Ltd.: business model and financials

> Latest period: FY ending Jun 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第30期(2025/07/01－2026/06/30) (S100Z3BY)
> Page: https://vizora.meequs.com/en/company/beauty-kadan-holdings
> Retrieved: 2026-09-30T17:59:55.581Z

## Company

Beauty Kadan Holdings is a company in Specialty Trading & Wholesale listed on TSE Standard. It has 248 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Beauty Kadan Holdings Co.,Ltd. |
| Ticker | 3041 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3041.T) |
| Listing | TSE Standard |
| Head office | 熊本県熊本市南区流通団地一丁目46番地 |
| Representative (per filing) | 代表取締役社長 舛田 正一 |
| Share capital | ¥213.2M |
| Employees (consolidated) | 248 |
| Average salary (parent only) | ¥4.6M |
| Fiscal year end | June |
| Website | www.beauty-kadan.co.jp (https://www.beauty-kadan.co.jp/) |
| Corporate number | 9010601040352 |
| EDINET | E05597 |
| Industries (Vizora) | Specialty Trading & Wholesale, Funerals, Weddings |

> Profile source: annual securities report (S100Z3BY, filed 2026-09-24). As of filing

## Five-axis industry profile

Primary industry: Funerals (2026-06-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 30 | 5 |
| Profitability | 25 | 6 |
| Efficiency | 91.7 | 6 |

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 55% of Beauty Kadan Holdings's sales come from Memorial flowers and floral decorating, with Floral wholesale and Other making up much of the rest.
- It lost about ¥2 for every ¥100 of sales at the operating level.
- Revenue changed -3.9% from the prior year.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥7.3B |  |
| Operating income | -¥166.8M | Margin -2.3% |
| Net income | -¥174.4M | Margin -2.4% |
| Free cash flow | -¥239.9M |  |
| Largest business | Memorial flowers and floral decorating | of segment revenue 55.0% |
| Employees (consolidated) | 248 |  |
| EPS | ¥-32.61 |  |
| Book value per share | ¥88.32 |  |
| Equity ratio | 17.3% |  |
| Shares outstanding | 5,076,000 |  |
| Treasury shares | 975,200 |  |
| Shareholders | 8,670 |  |
| Average salary (parent only) | ¥4.6M | Filing company only |
| Cash ratio | 31.5% | Net cash -¥394.2M · Cash ÷ revenue 10.4% |
| Vs. industry median margin | -7.9 pp | Funerals |
| ROA | -6.6% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 94% of positive segment profit
- FY2026, segment profit share differs by 39 points
- FY2026, cash is 32% of total assets

## What changed in 5 years

| Metric | FY ending Jun 2021 | FY ending Jun 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥5348516000 | ¥7302607000 | +36.5% |
| Operating income | ¥-27272000 | ¥-166821000 | — |
| Operating margin | -0.5% | -2.3% | -1.8 pp |
| Employees | 225 people | 248 people | +10.2% |
| Cash and equivalents | ¥976362000 | ¥760120000 | -22.1% |

### Change in segment revenue mix

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

| Flow | Revenue share |
| --- | ---: |
| 生花祭壇事業 → 生花祭壇事業 | 55.0% |
| 生花祭壇事業 → 事業再編・廃止 | 2.2% |
| 生花卸売事業 → 生花卸売事業 | 29.8% |
| ブライダル装花事業 → ブライダル装花事業 | 4.4% |
| ブライダル装花事業 → 事業再編・廃止 | 0.2% |
| その他 → その他 | 6.2% |
| その他 → 事業再編・廃止 | 2.2% |
| 新設・再編 → 生花卸売事業 | 4.7% |

Segment revenue source references: 8 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Memorial flowers and floral decorating | 5 years | +5.6% | ¥4015577000 | 2.5% | 2 |
| Floral wholesale | 5 years | +9.6% | ¥2516924000 | -0.0% | 2 |
| Other | 5 years | +0.0% | ¥452317000 | -11.8% | 2 |
| Bridal flowers and floral decorating | 5 years | +5.5% | ¥317787000 | 2.0% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 7,303 | 100.0% | S100Z3BY |
| Cost of revenue | 6,596 | 90.3% | S100Z3BY |
| Gross profit | 706 | 9.7% | S100Z3BY |
| SG&A | 873 | 12.0% | S100Z3BY |
| Operating income | -167 | -2.3% | S100Z3BY |
| Ordinary income | -181 | -2.5% | S100Z3BY |
| Pretax income | -182 | -2.5% | S100Z3BY |
| Income tax | -8 | -0.1% | S100Z3BY |
| Net income | -174 | -2.4% | S100Z3BY |
| Net income attributable to owners | -174 | -2.4% | S100Z3BY |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 90 |
| SG&A | 12 |
| Operating income | -2 |
| (Ref.) Net income | -2 |

### Margin funnel

Gross margin 9.7% → Operating margin -2.3% → Net margin -2.4%
Derived from reported figures (DERIVED).

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 7,603 | 7,303 | -300 | -3.9% |
| Gross profit | 975 | 706 | -269 | -27.6% |
| Operating income | -6 | -167 | -161 | — |
| Net income attributable to owners | 43 | -174 | -217 | -505.7% |
| Operating cash flow | -33 | -198 | -166 | — |
| Free cash flow | -124 | -240 | -116 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jun 2020 | 5,344 | -158 | -3.0% | -223 | 2 | -83 | S100MHPY |
| FY ending Jun 2021 | 5,349 | -27 | -0.5% | 82 | 58 | 45 | S100P8BN |
| FY ending Jun 2022 | 5,858 | 104 | 1.8% | 86 | 158 | 144 | S100RWUD |
| FY ending Jun 2023 | 6,413 | 124 | 1.9% | 89 | 106 | 91 | S100UFEC |
| FY ending Jun 2024 | 6,983 | 85 | 1.2% | 29 | 98 | 25 | S100WRES |
| FY ending Jun 2025 | 7,603 | -6 | -0.1% | 43 | -33 | -124 | S100Z3BY |
| FY ending Jun 2026 | 7,303 | -167 | -2.3% | -174 | -198 | -240 | S100Z3BY |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥29.4M |
| Operating income per employee (consolidated) | -¥672.7K |
| Net income per employee (consolidated) | -¥703.3K |

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

| History | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 222 | 227 | 238 | 221 | 248 |
| Average salary (parent company) | ¥4.7M | ¥4.7M | ¥4.8M | ¥4.2M | ¥4.6M |
| Average age (parent company) | 37.0 years | 38.5 years | 39.5 years | 40.2 years | 40.8 years |
| Average tenure (parent company) | 9.1 years | 9.7 years | 9.6 years | 7.8 years | 9.3 years |

Year over year: Employees (consolidated) +12.2% · Revenue (consolidated) -3.9%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Memorial flowers and floral decorating | 4,016 | 55.0% | 98 | 2.5% |
| Floral wholesale | 2,517 | 34.5% | -0 | -0.0% |
| Bridal flowers and floral decorating | 318 | 4.4% | 6 | 2.0% |
| Other | 452 | 6.2% | -54 | -11.8% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Memorial flowers and floral decorating | 55.0% | 93.9% | 38.9 | 2.5% |
| Floral wholesale | 34.5% | — | — | -0.0% |
| Bridal flowers and floral decorating | 4.4% | 6.1% | 1.7 | 2.0% |
| Other | 6.2% | — | — | -11.8% |

Loss-making segment (excluded from profit shares): Floral wholesale -0 JPY mn

Loss-making segment (excluded from profit shares): Other -54 JPY mn

Segment → industry: Floral wholesale → Specialty Trading & Wholesale / Memorial flowers and floral decorating → Funerals / Bridal flowers and floral decorating → Weddings

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -198 | -2.7% | S100Z3BY |
| Capital expenditure | 42 | 0.6% | S100Z3BY |
| Free cash flow | -240 | -3.3% | 算出 |
| Investing cash flow | -41 | -0.6% | S100Z3BY |
| Financing cash flow | -221 | -3.0% | S100Z3BY |
| Dividends paid | 21 | 0.3% | S100Z3BY |
| Change in cash | -460 | -6.3% | S100Z3BY |
| Cash and equivalents | 760 | 10.4% | S100Z3BY |

## 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 Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 950 | 955 | 1,071 | 1,220 | 760 | S100UFEC, S100WRES, S100Z3BY |
| Total assets | 2,435 | 2,462 | 2,718 | 2,898 | 2,412 | S100RWUD, S100UFEC, S100WRES, S100Z3BY |
| Net assets | 523 | 545 | 544 | 610 | 417 | S100UFEC, S100WRES, S100Z3BY |
| Share capital | 213 | 213 | 213 | 213 | 213 | S100RWUD, S100UFEC, S100WRES, S100Z3BY |
| Property, plant and equipment | 581 | 557 | 583 | 577 | 563 | S100RWUD, S100UFEC, S100WRES, S100Z3BY |
| Intangible assets excluding goodwill | 10 | 8 | 55 | 70 | 54 | S100RWUD, S100UFEC, S100WRES, S100Z3BY |
| Goodwill | 8 | 7 | 5 | 23 | 18 | S100RWUD, S100UFEC, S100WRES, S100Z3BY |
| Current assets | 1,575 | 1,627 | 1,799 | 1,966 | 1,495 | S100RWUD, S100UFEC, S100WRES, S100Z3BY |
| Current liabilities | 1,051 | 1,060 | 1,282 | 1,356 | 1,286 | S100RWUD, S100UFEC, S100WRES, S100Z3BY |
| Short-term borrowings | 350 | 350 | 470 | 530 | 570 | S100RWUD, S100UFEC, S100WRES, S100Z3BY |
| Long-term borrowings | 767 | 683 | 702 | 765 | 564 | S100RWUD, S100UFEC, S100WRES, S100Z3BY |
| Bonds | — | 80 | 60 | 40 | 20 | S100UFEC, S100WRES, S100Z3BY |
| Interest-bearing debt | — | 1,113 | 1,232 | 1,335 | 1,154 | 算出 |
| Total liabilities | 1,912 | 1,917 | 2,174 | 2,287 | 1,995 | S100RWUD, S100UFEC, S100WRES, S100Z3BY |
| Non-controlling interests | 34 | — | — | — | — | S100RWUD |
| Equity attributable to owners of parent | 489 | 545 | 544 | 610 | 417 | S100RWUD, S100UFEC, S100WRES, S100Z3BY |
| Retained earnings | 362 | 417 | 405 | 457 | 261 | S100RWUD, S100UFEC, S100WRES, S100Z3BY |
| Treasury stock | -229 | -229 | -227 | -219 | -217 | S100RWUD, S100UFEC, S100WRES, S100Z3BY |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 32% | S100Z3BY |
| Property, plant and equipment | 23% | S100Z3BY |
| Intangibles and goodwill | 3% | S100Z3BY |
| Other assets | 42% | S100Z3BY |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Interest-bearing debt | 48% | 算出 |
| Other liabilities | 35% | S100Z3BY |
| Equity | 17% | S100Z3BY |
| Other liabilities | 0% | S100Z3BY |

### Balance sheet history

| Metric | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 2,435 | 2,462 | 2,718 | 2,898 | 2,412 |
| Equity | 523 | 545 | 544 | 610 | 417 |
| Interest-bearing debt | — | 1,113 | 1,232 | 1,335 | 1,154 |
| Cash | 950 | 955 | 1,071 | 1,220 | 760 |

## 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) | 7.7% | S100Z3BY |
| Fixed assets ÷ total assets | 23.3% | S100Z3BY |
| Goodwill ÷ parent equity | 4.4% | S100Z3BY |

Goodwill over 4 years: 8 → 18 JPY; total investing cash flow: -90 JPY. This does not imply causation.

### 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) | 31.5% |
| Cash ÷ revenue | 10.4% |
| Net cash (cash − interest-bearing debt) | -¥394.2M |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | -24 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 0.6% |
| Investing CF relative to operating CF | — |

## 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 | 1.5% | 2.41× | 3.5% | 4.98× | 17.7% | S100RWUD |
| 2023 | 1.4% | 2.62× | 3.6% | 4.73× | 17.2% | S100UFEC |
| 2024 | 0.4% | 2.70× | 1.1% | 4.75× | 5.2% | S100WRES |
| 2025 | 0.6% | 2.71× | 1.5% | 4.86× | 7.4% | S100Z3BY |
| 2026 | — | —× | -6.6% | —× | — | S100Z3BY |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社ＭＭＣ | Major shareholder | 15.8% | 2026-06-30 |
| 三 島 美 佐 夫 | Major shareholder | 12.7% | 2026-06-30 |
| 謝 花 斉 | Major shareholder | 2.0% | 2026-06-30 |
| 株式会社河野メリクロン | Major shareholder | 1.7% | 2026-06-30 |
| 畑 美 智 子 | Major shareholder | 1.4% | 2026-06-30 |
| 河 野 恵 美 子 | Major shareholder | 1.1% | 2026-06-30 |
| 医療法人仁泉会 | Major shareholder | 1.1% | 2026-06-30 |
| ＬＵ ＣＡＩＳＨＥＮ | Major shareholder | 1.0% | 2026-06-30 |
| 西 島 麗 奈 | Major shareholder | 0.8% | 2026-06-30 |
| 池 田 孝 人 | Major shareholder | 0.7% | 2026-06-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第30期(2025/07/01－2026/06/30) | S100Z3BY | 2026-09-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z3BY,, |
| 有価証券報告書－第29期(2024/07/01－2025/06/30) | S100WRES | 2025-09-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WRES,, |
| 有価証券報告書－第28期(2023/07/01－2024/06/30) | S100UFEC | 2024-09-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UFEC,, |
| 有価証券報告書－第27期(2022/07/01－2023/06/30) | S100RWUD | 2023-09-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RWUD,, |
| 有価証券報告書－第26期(令和3年7月1日－令和4年6月30日) | S100P8BN | 2022-09-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100P8BN,, |
| 有価証券報告書－第25期(令和2年7月1日－令和3年6月30日) | S100MHPY | 2021-09-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MHPY,, |

## 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).