# CHIYODA INTEGRE CO.,LTD.: business model and financials

> Latest period: FY ending Dec 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第70期(2025/01/01－2025/12/31) (S100XT6S)
> Page: https://vizora.meequs.com/en/company/chiyoda-integre
> Retrieved: 2026-09-30T23:27:04.545Z

## Company

Chiyoda Integre, founded in 1955, is a company in Electronic Components listed on TSE Standard. It has 2,756 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | CHIYODA INTEGRE CO.,LTD. |
| Ticker | 6915 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6915.T) |
| Listing | TSE Standard |
| Head office | 東京都千代田区二番町1番地1 |
| Representative (per filing) | 代表取締役会長兼社長 小池 光明 |
| Founded | Sep 1955 |
| Share capital | ¥2.33B |
| Employees (consolidated) | 2,756 |
| Average salary (parent only) | ¥7.4M |
| Fiscal year end | December |
| Website | www.chiyoda-i.co.jp (https://www.chiyoda-i.co.jp/) |
| Corporate number | 5010001050385 |
| EDINET | E01995 |
| Industries (Vizora) | Electronic Components |

> Profile source: annual securities report (S100XT6S, filed 2026-03-25). As of filing

## Five-axis industry profile

Primary industry: Electronic Components (2025-12-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 14.2 | 53 |
| Profitability | 61.6 | 56 |
| Cash conversion | 55.2 | 48 |
| Efficiency | 49.1 | 56 |

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 36% of Chiyoda Integre's sales come from South east asia, with Japan and China making up much of the rest.
- Out of every ¥100 of sales, about ¥8 is left as operating profit.
- Revenue changed -7.7% from the prior year, operating profit -22.9%.

## Company structure

- Segment revenue mix: South east asia 36.1%、Japan 25.5%、China 24.7%、North America 11.3%、Other 2.3%
- Revenue → net income: ¥38042000000 → ¥2624000000
- Net income → operating cash flow: ¥2624000000 → ¥4131000000（difference ¥1507000000）
- Main uses of operating cash flow: CapEx ¥920000000 / dividends ¥1607000000 / buybacks ¥2774000000
- Change in cash: ¥1291000000
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 | ¥38B |  |
| Operating income | ¥2.97B | Margin 7.8% |
| Net income | ¥2.62B | Margin 6.9% |
| Free cash flow | ¥3.21B |  |
| Largest business | South east asia | of segment revenue 36.1% |
| Employees (consolidated) | 2,756 |  |
| EPS | ¥699.67 |  |
| Book value per share | ¥2829.72 |  |
| Equity ratio | 80.1% |  |
| Shares outstanding | 9,628,929 |  |
| Treasury shares | 509,700 |  |
| Shareholders | 3,472 |  |
| Average salary (parent only) | ¥7.4M | Filing company only |
| Cash ratio | 33.4% | Cash ÷ revenue 44.1% |
| Vs. industry median margin | +1.9 pp | Electronic Components |
| ROE | 8.1% | Derived from disclosed figures |
| ROA | 5.2% | Derived from disclosed figures |

## Notable figures

- FY2025, buybacks were 1.7× dividends
- FY2025, segment profit share differs by -21 points
- FY2025, cash is 33% of total assets

## What changed in 5 years

| Metric | FY ending Dec 2020 | FY ending Dec 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥37544000000 | ¥38042000000 | +1.3% |
| Operating income | ¥1799000000 | ¥2972000000 | +65.2% |
| Operating margin | 4.8% | 7.8% | +3 pp |
| Employees | 3,285 people | 2,756 people | -16.1% |
| Cash and equivalents | ¥15181000000 | ¥16795000000 | +10.6% |

### Change in segment revenue mix

Span: FY ending Dec 2020 → FY ending Dec 2025. 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 | 22.6% |
| 東南アジア → 東南アジア | 36.0% |
| 中国 → 中国 | 24.7% |
| 中国 → 事業再編・廃止 | 5.1% |
| その他 → その他 | 2.3% |
| その他 → 事業再編・廃止 | 9.3% |
| 新設・再編 → 日本 | 3.0% |
| 新設・再編 → 東南アジア | 0.2% |
| 新設・再編 → 北米 | 11.3% |

Segment revenue source references: 9 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| South east asia | 5 years | +0.3% | ¥13748000000 | 11.7% | 2 |
| Japan | 5 years | +2.8% | ¥9711000000 | 1.4% | 2 |
| China | 5 years | -3.4% | ¥9401000000 | 9.9% | 2 |
| North America | — | — | ¥4287000000 | 6.8% | 2 |
| Other | 5 years | -27.3% | ¥893000000 | -1.6% | 2 |

## Income statement（FY ending Dec 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 38,042 | 100.0% | S100XT6S |
| Cost of revenue | 27,564 | 72.5% | S100XT6S |
| Gross profit | 10,478 | 27.5% | S100XT6S |
| SG&A | 7,505 | 19.7% | S100XT6S |
| Operating income | 2,972 | 7.8% | S100XT6S |
| Ordinary income | 3,279 | 8.6% | S100XT6S |
| Pretax income | 3,557 | 9.4% | S100XT6S |
| Income tax | 933 | 2.5% | S100XT6S |
| Net income | 2,624 | 6.9% | S100XT6S |
| Net income attributable to owners | 2,624 | 6.9% | S100XT6S |

## Per ¥100 of revenue（FY ending Dec 2025）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 72 |
| SG&A | 20 |
| Operating income | 8 |
| (Ref.) Net income | 7 |

### Margin funnel

Gross margin 27.5% → Operating margin 7.8% → Net margin 6.9%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit down
Revenue growth: -7.7%; Core profit growth: -22.9%
Operating leverage (core profit growth ÷ revenue growth): 2.98×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Dec 2024 → FY ending Dec 2025、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 41,214 | 38,042 | -3,172 | -7.7% |
| Gross profit | 11,278 | 10,478 | -800 | -7.1% |
| Operating income | 3,856 | 2,972 | -884 | -22.9% |
| Net income attributable to owners | 3,234 | 2,624 | -610 | -18.9% |
| Operating cash flow | 5,230 | 4,131 | -1,099 | -21.0% |
| Free cash flow | 3,691 | 3,211 | -480 | -13.0% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Dec 2019 | 38,358 | 1,921 | 5.0% | 2,058 | 3,257 | 841 | S100L2AV |
| FY ending Dec 2020 | 37,544 | 1,799 | 4.8% | 882 | 1,146 | 256 | S100NRS8 |
| FY ending Dec 2021 | 40,006 | 2,696 | 6.7% | 2,398 | 3,760 | 2,244 | S100QHJ3 |
| FY ending Dec 2022 | 39,372 | 3,015 | 7.7% | 2,725 | 3,519 | 1,659 | S100T4WG |
| FY ending Dec 2023 | 39,416 | 3,058 | 7.8% | 2,556 | 4,723 | 3,070 | S100VHRR |
| FY ending Dec 2024 | 41,214 | 3,856 | 9.4% | 3,234 | 5,230 | 3,691 | S100XT6S |
| FY ending Dec 2025 | 38,042 | 2,972 | 7.8% | 2,624 | 4,131 | 3,211 | S100XT6S |

## People and productivity（FY ending Dec 2025, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥13.8M |
| Operating income per employee (consolidated) | ¥1.1M |
| Net income per employee (consolidated) | ¥952.1K |

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

| History | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 3,067 | 2,997 | 3,009 | 2,952 | 2,756 |
| Average salary (parent company) | ¥6.8M | ¥7.3M | ¥7.1M | ¥7.5M | ¥7.4M |
| Average age (parent company) | 40.3 years | 40.3 years | 40.0 years | 39.8 years | 39.7 years |
| Average tenure (parent company) | 15.8 years | 15.5 years | 15.4 years | 15.3 years | 15.2 years |

Year over year: Employees (consolidated) -6.6% · Revenue (consolidated) -7.7%

## Segments（FY ending Dec 2025, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Japan | 9,711 | 25.5% | 139 | 1.4% |
| South east asia | 13,748 | 36.1% | 1,614 | 11.7% |
| China | 9,401 | 24.7% | 930 | 9.9% |
| North America | 4,287 | 11.3% | 293 | 6.8% |
| Other | 893 | 2.3% | -14 | -1.6% |

### 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 | 25.5% | 4.7% | -20.9 | 1.4% |
| South east asia | 36.1% | 54.2% | 18.1 | 11.7% |
| China | 24.7% | 31.3% | 6.5 | 9.9% |
| North America | 11.3% | 9.8% | -1.4 | 6.8% |
| Other | 2.3% | — | — | -1.6% |

Loss-making segment (excluded from profit shares): Other -14 JPY mn

Segment → industry: North America → Electronic Components / China → Electronic Components / South east asia → Electronic Components / Japan → Electronic Components

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Dec 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 4,131 | 10.9% | S100XT6S |
| Capital expenditure | 920 | 2.4% | S100XT6S |
| Free cash flow | 3,211 | 8.4% | 算出 |
| Investing cash flow | 1,605 | 4.2% | S100XT6S |
| Financing cash flow | -4,581 | -12.0% | S100XT6S |
| Dividends paid | 1,607 | 4.2% | S100XT6S |
| Share buyback | 2,774 | 7.3% | S100XT6S |
| Change in cash | 1,291 | 3.4% | S100XT6S |
| Cash and equivalents | 16,795 | 44.1% | S100XT6S |

## 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 Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 17,539 | 15,746 | 15,772 | 15,503 | 16,795 | S100T4WG, S100VHRR, S100XT6S |
| Total assets | 46,403 | 47,839 | 48,410 | 51,306 | 50,311 | S100QHJ3, S100T4WG, S100VHRR, S100XT6S |
| Net assets | 35,990 | 37,809 | 38,865 | 41,572 | 40,284 | S100T4WG, S100VHRR, S100XT6S |
| Share capital | 2,331 | 2,331 | 2,331 | 2,331 | 2,331 | S100QHJ3, S100T4WG, S100VHRR, S100XT6S |
| Trade receivables | 9,268 | 10,114 | 10,265 | 10,416 | 9,314 | S100QHJ3, S100T4WG, S100VHRR, S100XT6S |
| Property, plant and equipment | 10,633 | 11,233 | 11,579 | 12,440 | 12,226 | S100QHJ3, S100T4WG, S100VHRR, S100XT6S |
| Intangible assets excluding goodwill | 129 | 132 | 267 | 337 | 287 | S100QHJ3, S100T4WG, S100VHRR, S100XT6S |
| Investment securities | 2,075 | 2,203 | 2,805 | 2,996 | 3,156 | S100QHJ3, S100T4WG, S100VHRR, S100XT6S |
| Current assets | 32,492 | 33,091 | 32,450 | 34,283 | 32,404 | S100QHJ3, S100T4WG, S100VHRR, S100XT6S |
| Current liabilities | 8,930 | 8,557 | 8,206 | 8,356 | 7,677 | S100QHJ3, S100T4WG, S100VHRR, S100XT6S |
| Trade payables | 5,642 | 5,121 | 4,655 | 4,716 | 4,312 | S100QHJ3, S100T4WG, S100VHRR, S100XT6S |
| Short-term borrowings | 1,020 | 1,020 | 1,020 | 1,020 | 1,020 | S100QHJ3, S100T4WG, S100VHRR, S100XT6S |
| Long-term borrowings | 100 | 98 | — | — | — | S100QHJ3, S100T4WG |
| Total liabilities | 10,412 | 10,030 | 9,545 | 9,733 | 10,026 | S100QHJ3, S100T4WG, S100VHRR, S100XT6S |
| Equity attributable to owners of parent | 34,343 | 33,922 | 33,166 | 33,223 | 31,464 | S100QHJ3, S100T4WG, S100VHRR, S100XT6S |
| Retained earnings | 32,240 | 29,615 | 30,804 | 32,802 | 28,131 | S100QHJ3, S100T4WG, S100VHRR, S100XT6S |
| Treasury stock | -2,678 | -475 | -2,419 | -4,361 | -1,449 | S100QHJ3, S100T4WG, S100VHRR, S100XT6S |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 33% | S100XT6S |
| Receivables | 19% | S100XT6S |
| Property, plant and equipment | 24% | S100XT6S |
| Intangibles and goodwill | 1% | S100XT6S |
| Investment securities | 6% | S100XT6S |
| Other assets | 17% | S100XT6S |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 9% | S100XT6S |
| Other liabilities | 11% | S100XT6S |
| Equity | 80% | S100XT6S |
| Other liabilities | 0% | S100XT6S |

### Balance sheet history

| Metric | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 46,403 | 47,839 | 48,410 | 51,306 | 50,311 |
| Equity | 35,990 | 37,809 | 38,865 | 41,572 | 40,284 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 17,539 | 15,746 | 15,772 | 15,503 | 16,795 |

## 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) | 32.1% | S100XT6S |
| Fixed assets ÷ total assets | 24.3% | S100XT6S |
| Goodwill ÷ parent equity | — | —, S100XT6S |

### 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) | 33.4% |
| Cash ÷ revenue | 44.1% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 139.0% |
| Cash vs. profit gap | 1,507 JPY mn (of net income 57.4%) |
| Shareholder returns / net income | 167.0% |
| Shareholder returns / FCF | 136.4% |
| Shareholder payments — dividends / net income | 61.2% |
| Shareholder payments — dividends / FCF | 50.0% |
| CapEx intensity (capex ÷ revenue) | 2.4% |
| Investing CF relative to operating CF | 38.9% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2021 | 6.0% | 0.86× | 5.2% | 1.35× | 7.0% | S100QHJ3 |
| 2022 | 6.9% | 0.84× | 5.8% | 1.38× | 8.0% | S100T4WG |
| 2023 | 6.5% | 0.82× | 5.3% | 1.43× | 7.6% | S100VHRR |
| 2024 | 7.8% | 0.83× | 6.5% | 1.50× | 9.7% | S100XT6S |
| 2025 | 6.9% | 0.75× | 5.2% | 1.57× | 8.1% | S100XT6S |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| いちごトラスト・ピーティーイー・リミテッド （常任代理人 香港上海銀行東京支店） | Major shareholder | 32.2% | 2025-12-31 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 8.5% | 2025-12-31 |
| 日本生命保険相互会社 （常任代理人 日本マスタートラスト信託銀行株式会社） | Major shareholder | 4.4% | 2025-12-31 |
| 東京中小企業投資育成株式会社 | Major shareholder | 4.2% | 2025-12-31 |
| 光通信ＫＫ投資事業有限責任組合 | Major shareholder | 3.5% | 2025-12-31 |
| 第一生命保険株式会社 （常任代理人 株式会社日本カストディ銀行） | Major shareholder | 3.3% | 2025-12-31 |
| 平和株式会社 | Major shareholder | 2.7% | 2025-12-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 1.5% | 2025-12-31 |
| DFA INTL SMALL CAP VALUE PORTFOLIO （常任代理人 シティバンク、エヌ・エイ東京支店） | Major shareholder | 1.4% | 2025-12-31 |
| 株式会社鳥羽洋行 | Major shareholder | 1.4% | 2025-12-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第70期(2025/01/01－2025/12/31) | S100XT6S | 2026-03-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XT6S,, |
| 有価証券報告書－第69期(2024/01/01－2024/12/31) | S100VHRR | 2025-03-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VHRR,, |
| 有価証券報告書－第68期(2023/01/01－2023/12/31) | S100T4WG | 2024-03-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100T4WG,, |
| 有価証券報告書－第67期(2022/01/01－2022/12/31) | S100QHJ3 | 2023-03-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QHJ3,, |
| 有価証券報告書－第66期(令和3年1月1日－令和3年12月31日) | S100NRS8 | 2022-03-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100NRS8,, |
| 有価証券報告書－第65期(令和2年1月1日－令和2年12月31日) | S100L2AV | 2021-03-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100L2AV,, |

## 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).