# DAIKOKU DENKI 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53期(2025/04/01－2026/03/31) (S100YGWC)
> Page: https://vizora.meequs.com/en/company/daikoku-denki
> Retrieved: 2026-09-30T22:16:20.749Z

## Company

Daikoku Denki, founded in 1966, is a company in Pachinko listed on TSE Prime. It has 796 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | DAIKOKU DENKI CO.,LTD. |
| Ticker | 6430 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6430.T) |
| Listing | TSE Prime |
| Head office | 名古屋市中村区那古野一丁目43番5号 |
| Representative (per filing) | 代表取締役社長 栢森雅勝 |
| Founded | Jul 1966 |
| Share capital | ¥723.1M |
| Employees (consolidated) | 796 |
| Average salary (parent only) | ¥9.4M |
| Fiscal year end | March |
| Website | www.daikoku.co.jp (https://www.daikoku.co.jp/) |
| Corporate number | 4180001048892 |
| EDINET | E02073 |
| Industries (Vizora) | Pachinko |

> Profile source: annual securities report (S100YGWC, filed 2026-06-22). As of filing

## Five-axis industry profile

Primary industry: Pachinko (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 65 | 10 |
| Profitability | 65 | 10 |
| Cash conversion | 43.8 | 8 |
| Efficiency | 75 | 10 |

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 84% of Daikoku Denki's sales come from Information system, with Amusement and Other making up much of the rest.
- Out of every ¥100 of sales, about ¥18 is left as operating profit.
- Revenue changed -5.5% from the prior year, operating profit -21.0%.

## Company structure

- Segment revenue mix: Information system 84.2%、Amusement 11.7%、Other 4.0%
- Revenue → net income: ¥54337041000 → ¥5754632000
- Net income → operating cash flow: ¥5754632000 → ¥5946435000（difference ¥191803000）
- Main uses of operating cash flow: CapEx ¥2394866000 / dividends ¥1628072000 / buybacks —
- Change in cash: ¥1631471000
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 | ¥54.3B |  |
| Operating income | ¥9.67B | Margin 17.8% |
| Net income | ¥5.75B | Margin 10.6% |
| Free cash flow | ¥3.55B |  |
| Largest business | Information system | of segment revenue 84.2% |
| Employees (consolidated) | 796 |  |
| EPS | ¥412.8 |  |
| Book value per share | ¥3357.25 |  |
| Equity ratio | 83.8% |  |
| Shares outstanding | 14,818,175 |  |
| Treasury shares | 1,200 |  |
| Shareholders | 16,638 |  |
| Average salary (parent only) | ¥9.4M | Filing company only |
| Cash ratio | 31.4% | Cash ÷ revenue 34.2% |
| Vs. industry median margin | +7.1 pp | Pachinko |
| ROE | 12.2% | Derived from disclosed figures |
| ROA | 9.9% | Derived from disclosed figures |

## Notable figures

- FY2026, revenue is 2.2× its level five years ago
- FY2026, one segment accounts for 91% of positive segment profit
- FY2026, parent-company salary changed +39% over five years

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥23345081000 | ¥54337041000 | +132.8% |
| Operating income | ¥607208000 | ¥9673694000 | +1493.1% |
| Operating margin | 2.6% | 17.8% | +15.2 pp |
| Employees | 646 people | 796 people | +23.2% |
| Cash and equivalents | ¥15739971000 | ¥18591921000 | +18.1% |

### 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 |
| --- | ---: |
| 情報システム事業 → 情報システム事業 | 74.8% |
| 制御システム事業 → 事業再編・廃止 | 25.2% |
| 新設・再編 → 情報システム事業 | 9.4% |
| 新設・再編 → アミューズメント事業 | 11.7% |
| 新設・再編 → その他 | 4.0% |

Segment revenue source references: 5 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Information system | 5 years | +21.3% | ¥45765398000 | 24.5% | 2 |
| Amusement | 3 years | +4.3% | ¥6374266000 | 17.5% | 2 |
| Other | — | — | ¥2197376000 | 0.6% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 54,337 | 100.0% | S100YGWC |
| Cost of revenue | 29,607 | 54.5% | S100YGWC |
| Gross profit | 24,730 | 45.5% | S100YGWC |
| SG&A | 15,057 | 27.7% | S100YGWC |
| Operating income | 9,674 | 17.8% | S100YGWC |
| Ordinary income | 9,832 | 18.1% | S100YGWC |
| Pretax income | 9,003 | 16.6% | S100YGWC |
| Income tax | 3,249 | 6.0% | S100YGWC |
| Net income | 5,755 | 10.6% | S100YGWC |
| Net income attributable to owners | 5,755 | 10.6% | S100YGWC |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 54 |
| SG&A | 28 |
| Operating income | 18 |
| (Ref.) Net income | 11 |

### Margin funnel

Gross margin 45.5% → Operating margin 17.8% → Net margin 10.6%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit down
Revenue growth: -5.5%; Core profit growth: -21.0%
Operating leverage (core profit growth ÷ revenue growth): 3.82×
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 | 57,493 | 54,337 | -3,156 | -5.5% |
| Gross profit | 26,723 | 24,730 | -1,993 | -7.5% |
| Operating income | 12,243 | 9,674 | -2,569 | -21.0% |
| Net income attributable to owners | 7,727 | 5,755 | -1,973 | -25.5% |
| Operating cash flow | 7,695 | 5,946 | -1,749 | -22.7% |
| Free cash flow | 2,077 | 3,552 | 1,474 | +71.0% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 32,922 | 1,432 | 4.3% | 1,061 | 5,007 | 3,387 | S100LLQF |
| FY ending Mar 2021 | 23,345 | 607 | 2.6% | 613 | 3,396 | 2,219 | S100O9J8 |
| FY ending Mar 2022 | 24,390 | 1,191 | 4.9% | 1,229 | 3,220 | 2,279 | S100R8S6 |
| FY ending Mar 2023 | 31,824 | 4,020 | 12.6% | 2,928 | 2,984 | 1,941 | S100TWO9 |
| FY ending Mar 2024 | 53,862 | 12,002 | 22.3% | 8,465 | 8,429 | 6,301 | S100W7Y5 |
| FY ending Mar 2025 | 57,493 | 12,243 | 21.3% | 7,727 | 7,695 | 2,077 | S100YGWC |
| FY ending Mar 2026 | 54,337 | 9,674 | 17.8% | 5,755 | 5,946 | 3,552 | S100YGWC |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥68.3M |
| Operating income per employee (consolidated) | ¥12.2M |
| Net income per employee (consolidated) | ¥7.2M |

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) | 625 | 645 | 644 | 736 | 796 |
| Average salary (parent company) | ¥6.7M | ¥8M | ¥9.6M | ¥9.5M | ¥9.4M |
| Average age (parent company) | 45.6 years | 46.3 years | 46.4 years | 46.7 years | 46.1 years |
| Average tenure (parent company) | 18.3 years | 18.9 years | 19.3 years | 19.2 years | 18.5 years |

Year over year: Employees (consolidated) +8.2% · Revenue (consolidated) -5.5%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Information system | 45,765 | 84.2% | 11,204 | 24.5% |
| Amusement | 6,374 | 11.7% | 1,118 | 17.5% |
| Other | 2,197 | 4.0% | 13 | 0.6% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Information system | 84.2% | 90.8% | 6.6 | 24.5% |
| Amusement | 11.7% | 9.1% | -2.7 | 17.5% |
| Other | 4.0% | 0.1% | -3.9 | 0.6% |

Segment → industry: Amusement → Pachinko / Information system → Pachinko

## 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 | 5,946 | 10.9% | S100YGWC |
| Capital expenditure | 2,395 | 4.4% | S100YGWC |
| Free cash flow | 3,552 | 6.5% | 算出 |
| Investing cash flow | -2,710 | -5.0% | S100YGWC |
| Financing cash flow | -1,605 | -3.0% | S100YGWC |
| Dividends paid | 1,628 | 3.0% | S100YGWC |
| Change in cash | 1,631 | 3.0% | S100YGWC |
| Cash and equivalents | 18,592 | 34.2% | S100YGWC |

## 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 | 16,582 | 16,923 | 20,434 | 16,960 | 18,592 | S100TWO9, S100W7Y5, S100YGWC |
| Total assets | 41,490 | 48,299 | 59,282 | 57,266 | 59,280 | S100R8S6, S100TWO9, S100W7Y5, S100YGWC |
| Net assets | 31,142 | 33,400 | 40,720 | 45,287 | 49,669 | S100TWO9, S100W7Y5, S100YGWC |
| Share capital | 674 | 674 | 674 | 701 | 723 | S100R8S6, S100TWO9, S100W7Y5, S100YGWC |
| Property, plant and equipment | 8,359 | 8,225 | 8,065 | 12,018 | 12,040 | S100R8S6, S100TWO9, S100W7Y5, S100YGWC |
| Intangible assets excluding goodwill | 2,352 | 2,890 | 3,392 | 4,857 | 5,607 | S100R8S6, S100TWO9, S100W7Y5, S100YGWC |
| Goodwill | — | 812 | 772 | 1,072 | 914 | S100TWO9, S100W7Y5, S100YGWC |
| Investment securities | 795 | 287 | 293 | 296 | 285 | S100R8S6, S100TWO9, S100W7Y5, S100YGWC |
| Current assets | 26,764 | 33,627 | 43,956 | 36,123 | 39,043 | S100R8S6, S100TWO9, S100W7Y5, S100YGWC |
| Current liabilities | 9,419 | 13,966 | 17,668 | 10,974 | 8,424 | S100R8S6, S100TWO9, S100W7Y5, S100YGWC |
| Trade payables | 2,594 | 4,194 | 3,110 | 1,971 | 2,466 | S100R8S6, S100TWO9, S100W7Y5, S100YGWC |
| Short-term borrowings | 2,000 | 2,000 | — | — | — | S100R8S6, S100TWO9 |
| Total liabilities | 10,348 | 14,899 | 18,562 | 11,979 | 9,611 | S100R8S6, S100TWO9, S100W7Y5, S100YGWC |
| Non-controlling interests | — | — | — | 0 | 0 | S100YGWC |
| Equity attributable to owners of parent | 31,015 | 33,277 | 40,558 | 45,113 | 49,438 | S100R8S6, S100TWO9, S100W7Y5, S100YGWC |
| Retained earnings | 29,662 | 31,925 | 39,207 | 44,557 | 48,684 | S100R8S6, S100TWO9, S100W7Y5, S100YGWC |
| Treasury stock | -2 | -2 | -3 | -851 | -698 | S100R8S6, S100TWO9, S100W7Y5, S100YGWC |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 31% | S100YGWC |
| Property, plant and equipment | 20% | S100YGWC |
| Intangibles and goodwill | 11% | S100YGWC |
| Investment securities | 1% | S100YGWC |
| Other assets | 37% | S100YGWC |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 4% | S100YGWC |
| Other liabilities | 12% | S100YGWC |
| Equity | 84% | S100YGWC |

### 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 | 41,490 | 48,299 | 59,282 | 57,266 | 59,280 |
| Equity | 31,142 | 33,400 | 40,720 | 45,287 | 49,669 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 16,582 | 16,923 | 20,434 | 16,960 | 18,592 |

## 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) | 22.2% | S100YGWC |
| Fixed assets ÷ total assets | 20.3% | S100YGWC |
| Goodwill ÷ parent equity | 1.8% | S100YGWC |

### 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) | 31.4% |
| Cash ÷ revenue | 34.2% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 61.5% |
| Cash vs. profit gap | 192 JPY mn (of net income 3.3%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 28.3% |
| Shareholder payments — dividends / FCF | 45.8% |
| CapEx intensity (capex ÷ revenue) | 4.4% |
| Investing CF relative to operating CF | 45.6% |

## 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 | 5.0% | 0.59× | 3.0% | 1.34× | 4.0% | S100R8S6 |
| 2023 | 9.2% | 0.71× | 6.5% | 1.40× | 9.1% | S100TWO9 |
| 2024 | 15.7% | 1.00× | 15.7% | 1.46× | 22.9% | S100W7Y5 |
| 2025 | 13.4% | 0.99× | 13.3% | 1.36× | 18.0% | S100YGWC |
| 2026 | 10.6% | 0.93× | 9.9% | 1.23× | 12.2% | S100YGWC |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 円谷フィールズホールディングス株式会社 | Major shareholder | 13.4% | 2026-03-31 |
| 株式会社ＫＣプラス | Major shareholder | 8.1% | 2026-03-31 |
| 栢森 雅勝 | Major shareholder | 6.0% | 2026-03-31 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 5.4% | 2026-03-31 |
| 公益財団法人栢森情報科学振興財団 | Major shareholder | 5.1% | 2026-03-31 |
| 株式会社大黒屋 | Major shareholder | 5.1% | 2026-03-31 |
| 栢森 新治 | Major shareholder | 3.4% | 2026-03-31 |
| 栢森 美智子 | Major shareholder | 3.3% | 2026-03-31 |
| 栢森 健 | Major shareholder | 3.0% | 2026-03-31 |
| ダイコク興産株式会社 | Major shareholder | 2.6% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第53期(2025/04/01－2026/03/31) | S100YGWC | 2026-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YGWC,, |
| 有価証券報告書－第52期(2024/04/01－2025/03/31) | S100W7Y5 | 2025-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W7Y5,, |
| 有価証券報告書－第51期(2023/04/01－2024/03/31) | S100TWO9 | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TWO9,, |
| 有価証券報告書－第50期(2022/04/01－2023/03/31) | S100R8S6 | 2023-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R8S6,, |
| 有価証券報告書－第49期(令和3年4月1日－令和4年3月31日) | S100O9J8 | 2022-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100O9J8,, |
| 有価証券報告書－第48期(令和2年4月1日－令和3年3月31日) | S100LLQF | 2021-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LLQF,, |

## Key alliances (from the filing's material contracts)

| Partner | Type | Description | Source |
| --- | ---: | ---: | ---: |
| オムロンアミューズメント株式会社 | Supply/OEM | オムロンアミューズメントの遊技機部品をダイコク電機が販売（特約店） | S100YGWC |

## 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).