# CHUO MALLEABLE IRON CO., 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97期(2025/04/01－2026/03/31) (S100YJLT)
> Page: https://vizora.meequs.com/en/company/chuo-malleable-iron
> Retrieved: 2026-09-30T22:18:43.007Z

## Company

Chuo Malleable Iron, founded in 1944, is a company in Auto Parts listed on Nagoya. It has 970 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | CHUO MALLEABLE IRON CO., LTD. |
| Ticker | 5607 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/5607.T) |
| Listing | Nagoya |
| Head office | 名古屋市中川区富川町三丁目1番地の1(注)上記は登記上の本店所在地であり、実際の本店業務は下記の 本社事務所及び日進工場で行っております。 |
| Representative (per filing) | 代表取締役社長 武山豊 |
| Founded | Jan 1944 |
| Share capital | ¥1.16B |
| Employees (consolidated) | 970 |
| Average salary (parent only) | ¥6.8M |
| Fiscal year end | March |
| Website | www.chuokatan.co.jp (https://www.chuokatan.co.jp/) |
| Corporate number | 3180001020051 |
| EDINET | E01284 |
| Industries (Vizora) | Auto Parts, Stationery & Office Supplies |

> Profile source: annual securities report (S100YJLT, filed 2026-06-25). As of filing

## Five-axis industry profile

Primary industry: Auto Parts (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 36.8 | 110 |
| Profitability | 50.9 | 111 |
| Cash conversion | 54.2 | 108 |
| Efficiency | 32 | 111 |

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 97% of Chuo Malleable Iron's sales come from Malleable, with Metal furniture making up much of the rest.
- Out of every ¥100 of sales, about ¥5 is left as operating profit.
- Revenue changed +7.7% from the prior year, operating profit +59.5%.

## Company structure

- Segment revenue mix: Malleable 97.0%、Metal furniture 3.0%
- Revenue → net income: ¥38720538000 → ¥2266899000
- Net income → operating cash flow: ¥2266899000 → ¥3448018000（difference ¥1181119000）
- Main uses of operating cash flow: CapEx ¥1568874000 / dividends ¥281905000 / buybacks —
- Change in cash: ¥3010716000
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 | ¥38.7B |  |
| Operating income | ¥1.89B | Margin 4.9% |
| Net income | ¥2.21B | Margin 5.7% |
| Free cash flow | ¥1.88B |  |
| Largest business | Malleable | of segment revenue 97.0% |
| Employees (consolidated) | 970 |  |
| EPS | ¥63.88 |  |
| Book value per share | ¥1061.31 |  |
| Equity ratio | 67.6% |  |
| Shares outstanding | 16,020,000 |  |
| Treasury shares | 238,900 |  |
| Shareholders | 7,742 |  |
| Average salary (parent only) | ¥6.8M | Filing company only |
| Cash ratio | 14.7% | Cash ÷ revenue 18.0% |
| Vs. industry median margin | +0.1 pp | Auto Parts |
| ROE | 9.3% | Derived from disclosed figures |
| ROA | 4.9% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 99% of positive segment profit

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥29017105000 | ¥38720538000 | +33.4% |
| Operating income | ¥473465000 | ¥1892797000 | +299.8% |
| Operating margin | 1.6% | 4.9% | +3.3 pp |
| Employees | 1,056 people | 970 people | -8.1% |
| Cash and equivalents | ¥6100153000 | ¥6977993000 | +14.4% |

### 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 |
| --- | ---: |
| 可鍛事業 → 可鍛事業 | 96.8% |
| 金属家具事業 → 金属家具事業 | 3.0% |
| 金属家具事業 → 事業再編・廃止 | 0.3% |
| 新設・再編 → 可鍛事業 | 0.3% |

Segment revenue source references: 4 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 38,721 | 100.0% | S100YJLT |
| Cost of revenue | 33,580 | 86.7% | S100YJLT |
| Gross profit | 5,141 | 13.3% | S100YJLT |
| SG&A | 3,248 | 8.4% | S100YJLT |
| Operating income | 1,893 | 4.9% | S100YJLT |
| Ordinary income | 2,458 | 6.3% | S100YJLT |
| Pretax income | 2,902 | 7.5% | S100YJLT |
| Income tax | 635 | 1.6% | S100YJLT |
| Net income | 2,267 | 5.9% | S100YJLT |
| Net income attributable to owners | 2,211 | 5.7% | S100YJLT |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 87 |
| SG&A | 8 |
| Operating income | 5 |
| (Ref.) Net income | 6 |

### Margin funnel

Gross margin 13.3% → Operating margin 4.9% → Net margin 5.7%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +7.7%; Core profit growth: +59.5%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 7.69×
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 | 35,941 | 38,721 | 2,780 | +7.7% |
| Gross profit | 4,381 | 5,141 | 760 | +17.4% |
| Operating income | 1,187 | 1,893 | 706 | +59.5% |
| Net income attributable to owners | 1,835 | 2,211 | 375 | +20.5% |
| Operating cash flow | 3,616 | 3,448 | -168 | -4.7% |
| Free cash flow | 2,015 | 1,879 | -135 | -6.7% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 31,526 | 142 | 0.5% | 1,153 | 4,929 | 1,319 | S100LKU2 |
| FY ending Mar 2021 | 29,017 | 473 | 1.6% | 1,113 | 2,533 | 1,291 | S100OE2I |
| FY ending Mar 2022 | 33,195 | 168 | 0.5% | 784 | 2,462 | 1,109 | S100R1R1 |
| FY ending Mar 2023 | 33,523 | -288 | -0.9% | 671 | 2,142 | 374 | S100TS9W |
| FY ending Mar 2024 | 33,198 | 322 | 1.0% | 813 | 3,615 | 1,923 | S100W2C8 |
| FY ending Mar 2025 | 35,941 | 1,187 | 3.3% | 1,835 | 3,616 | 2,015 | S100YJLT |
| FY ending Mar 2026 | 38,721 | 1,893 | 4.9% | 2,211 | 3,448 | 1,879 | S100YJLT |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥39.9M |
| Operating income per employee (consolidated) | ¥2M |
| Net income per employee (consolidated) | ¥2.3M |

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) | 1,059 | 1,013 | 978 | 959 | 970 |
| Average salary (parent company) | ¥6.2M | ¥6.1M | ¥6.3M | ¥6.6M | ¥6.8M |
| Average age (parent company) | 37.7 years | 38.2 years | 39.2 years | 39.5 years | 39.4 years |
| Average tenure (parent company) | 13.9 years | 14.3 years | 15.1 years | 15.0 years | 14.7 years |

Year over year: Employees (consolidated) +1.1% · Revenue (consolidated) +7.7%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Malleable | 37,574 | 97.0% | 3,296 | 8.8% |
| Metal furniture | 1,147 | 3.0% | 49 | 4.2% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Malleable | 97.0% | 98.5% | 1.5 | 8.8% |
| Metal furniture | 3.0% | 1.5% | -1.5 | 4.2% |

Segment → industry: Malleable → Auto Parts / Metal furniture → Stationery & Office Supplies

## 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 | 3,448 | 8.9% | S100YJLT |
| Capital expenditure | 1,569 | 4.1% | S100YJLT |
| Free cash flow | 1,879 | 4.9% | 算出 |
| Investing cash flow | -1,319 | -3.4% | S100YJLT |
| Financing cash flow | 832 | 2.1% | S100YJLT |
| Dividends paid | 282 | 0.7% | S100YJLT |
| Change in cash | 3,011 | 7.8% | S100YJLT |
| Cash and equivalents | 6,978 | 18.0% | S100YJLT |

## 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 | 3,996 | 3,173 | 3,752 | 3,967 | 6,978 | S100TS9W, S100W2C8, S100YJLT |
| Total assets | 39,529 | 39,101 | 41,941 | 42,279 | 47,431 | S100R1R1, S100TS9W, S100W2C8, S100YJLT |
| Net assets | 23,722 | 24,499 | 27,672 | 29,309 | 32,312 | S100TS9W, S100W2C8, S100YJLT |
| Share capital | 1,161 | 1,161 | 1,161 | 1,161 | 1,161 | S100R1R1, S100TS9W, S100W2C8, S100YJLT |
| Property, plant and equipment | 14,159 | 13,544 | 13,096 | 12,519 | 12,988 | S100R1R1, S100TS9W, S100W2C8, S100YJLT |
| Intangible assets excluding goodwill | 61 | 47 | 47 | 47 | 43 | S100R1R1, S100TS9W, S100W2C8, S100YJLT |
| Investment securities | 2,501 | 2,097 | 3,964 | 3,124 | 3,402 | S100R1R1, S100TS9W, S100W2C8, S100YJLT |
| Current assets | 15,099 | 14,482 | 14,449 | 15,542 | 18,905 | S100R1R1, S100TS9W, S100W2C8, S100YJLT |
| Current liabilities | 9,115 | 8,913 | 8,544 | 8,500 | 9,116 | S100R1R1, S100TS9W, S100W2C8, S100YJLT |
| Trade payables | 3,236 | 3,107 | 2,747 | 3,072 | 3,133 | S100R1R1, S100TS9W, S100W2C8, S100YJLT |
| Long-term borrowings | 3,550 | 2,833 | 2,130 | 1,447 | 2,735 | S100R1R1, S100TS9W, S100W2C8, S100YJLT |
| Total liabilities | 15,807 | 14,602 | 14,269 | 12,970 | 15,120 | S100R1R1, S100TS9W, S100W2C8, S100YJLT |
| Non-controlling interests | 558 | 516 | 506 | 169 | 204 | S100R1R1, S100TS9W, S100W2C8, S100YJLT |
| Equity attributable to owners of parent | 19,697 | 20,201 | 20,847 | 22,862 | 24,809 | S100R1R1, S100TS9W, S100W2C8, S100YJLT |
| Retained earnings | 18,029 | 18,514 | 19,142 | 20,791 | 22,717 | S100R1R1, S100TS9W, S100W2C8, S100YJLT |
| Treasury stock | -222 | -207 | -192 | -93 | -80 | S100R1R1, S100TS9W, S100W2C8, S100YJLT |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 15% | S100YJLT |
| Property, plant and equipment | 27% | S100YJLT |
| Intangibles and goodwill | 0% | S100YJLT |
| Investment securities | 7% | S100YJLT |
| Other assets | 51% | S100YJLT |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 7% | S100YJLT |
| Other liabilities | 25% | S100YJLT |
| Equity | 68% | S100YJLT |

### 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 | 39,529 | 39,101 | 41,941 | 42,279 | 47,431 |
| Equity | 23,722 | 24,499 | 27,672 | 29,309 | 32,312 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 3,996 | 3,173 | 3,752 | 3,967 | 6,978 |

## 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) | 33.5% | S100YJLT |
| Fixed assets ÷ total assets | 27.4% | S100YJLT |
| Goodwill ÷ parent equity | — | —, S100YJLT |

### 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) | 14.7% |
| Cash ÷ revenue | 18.0% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 182.2% |
| Cash vs. profit gap | 1,237 JPY mn (of net income 56.0%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 12.8% |
| Shareholder payments — dividends / FCF | 15.0% |
| CapEx intensity (capex ÷ revenue) | 4.1% |
| Investing CF relative to operating CF | 38.3% |

## 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 | 2.4% | 0.84× | 2.0% | 2.01× | 4.0% | S100R1R1 |
| 2023 | 2.0% | 0.85× | 1.7% | 1.97× | 3.4% | S100TS9W |
| 2024 | 2.4% | 0.82× | 2.0% | 1.97× | 4.0% | S100W2C8 |
| 2025 | 5.1% | 0.85× | 4.4% | 1.93× | 8.4% | S100YJLT |
| 2026 | 5.7% | 0.86× | 4.9% | 1.88× | 9.3% | S100YJLT |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| トヨタ自動車株式会社 | Major shareholder | 5.0% | 2026-03-31 |
| ＣＭＣ協力会持株会 | Major shareholder | 4.7% | 2026-03-31 |
| 株式会社三菱ＵＦＪ銀行 | Major shareholder | 4.2% | 2026-03-31 |
| 株式会社豊田自動織機 | Major shareholder | 3.9% | 2026-03-31 |
| 株式会社三井住友銀行 | Major shareholder | 3.8% | 2026-03-31 |
| 第一生命保険株式会社 | Major shareholder | 3.5% | 2026-03-31 |
| 新東工業株式会社 | Major shareholder | 2.9% | 2026-03-31 |
| 株式会社名古屋銀行 | Major shareholder | 2.7% | 2026-03-31 |
| 武山 尚生 | Major shareholder | 2.7% | 2026-03-31 |
| 中央可鍛持株会 | Major shareholder | 2.6% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第97期(2025/04/01－2026/03/31) | S100YJLT | 2026-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YJLT,, |
| 有価証券報告書－第96期(2024/04/01－2025/03/31) | S100W2C8 | 2025-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W2C8,, |
| 有価証券報告書－第95期(2023/04/01－2024/03/31) | S100TS9W | 2024-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TS9W,, |
| 有価証券報告書－第94期(2022/04/01－2023/03/31) | S100R1R1 | 2023-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R1R1,, |
| 有価証券報告書－第93期(令和3年4月1日－令和4年3月31日) | S100OE2I | 2022-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OE2I,, |
| 有価証券報告書－第92期(令和2年4月1日－令和3年3月31日) | S100LKU2 | 2021-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LKU2,, |

## 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).