# DIJET INDUSTRIAL 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100期(2025/04/01－2026/03/31) (S100YHNC)
> Page: https://vizora.meequs.com/en/company/dijet-industrial
> Retrieved: 2026-09-30T21:18:30.509Z

## Company

Dijet Industrial, founded in 2013, is a company in Machine Tools listed on TSE Standard. It has 360 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | DIJET INDUSTRIAL CO., LTD. |
| Ticker | 6138 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6138.T) |
| Listing | TSE Standard |
| Head office | 大阪市平野区加美東二丁目1番18号 |
| Representative (per filing) | 代表取締役社長 生悦住 歩 |
| Founded | Sep 2013 |
| Share capital | ¥3.1B |
| Employees (consolidated) | 360 |
| Average salary (parent only) | ¥5.5M |
| Fiscal year end | March |
| Website | www.dijet.co.jp (https://www.dijet.co.jp/) |
| Corporate number | 6120001020814 |
| EDINET | E01488 |
| Industries (Vizora) | Machine Tools |

> Profile source: annual securities report (S100YHNC, filed 2026-06-26). As of filing

## Five-axis industry profile

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

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 45.6 | 34 |
| Profitability | 48.5 | 34 |
| Cash conversion | 75.8 | 31 |
| Efficiency | 42.6 | 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)

- Dijet Industrial brought in ¥9.29B in revenue.
- Out of every ¥100 of sales, about ¥7 is left as operating profit.
- Revenue changed +5.7% from the prior year, operating profit +195.8%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥9292071000 → ¥783816000
- Net income → operating cash flow: ¥783816000 → ¥1097551000（difference ¥313735000）
- Main uses of operating cash flow: CapEx ¥704746000 / dividends ¥73970000 / buybacks ¥146000
- Change in cash: ¥110515000
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 | ¥9.29B |  |
| Operating income | ¥648.3M | Margin 7.0% |
| Net income | ¥783.8M | Margin 8.4% |
| Free cash flow | ¥392.8M |  |
| Employees (consolidated) | 360 |  |
| EPS | ¥212 |  |
| Book value per share | ¥2573.65 |  |
| Equity ratio | 55.0% |  |
| Shares outstanding | 2,992,000 |  |
| Treasury shares | 21,500 |  |
| Shareholders | 2,137 |  |
| Average salary (parent only) | ¥5.5M | Filing company only |
| Cash ratio | 8.4% | Cash ÷ revenue 15.7% |
| Vs. industry median margin | -0.1 pp | Machine Tools |
| ROE | 11.0% | Derived from disclosed figures |
| ROA | 4.7% | Derived from disclosed figures |

## Notable figures

- FY2026, employees -1% while operating income rose 196%

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥7092154000 | ¥9292071000 | +31.0% |
| Operating income | ¥-540350000 | ¥648286000 | — |
| Operating margin | -7.6% | 7.0% | +14.6 pp |
| Employees | 427 people | 360 people | -15.7% |
| Cash and equivalents | ¥1577308000 | ¥1457364000 | -7.6% |

### 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.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 9,292 | 100.0% | S100YHNC |
| Cost of revenue | 5,771 | 62.1% | S100YHNC |
| Gross profit | 3,521 | 37.9% | S100YHNC |
| SG&A | 2,873 | 30.9% | S100YHNC |
| Operating income | 648 | 7.0% | S100YHNC |
| Ordinary income | 688 | 7.4% | S100YHNC |
| Pretax income | 864 | 9.3% | S100YHNC |
| Income tax | 80 | 0.9% | S100YHNC |
| Net income | 784 | 8.4% | S100YHNC |
| Net income attributable to owners | 784 | 8.4% | S100YHNC |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 62 |
| SG&A | 31 |
| Operating income | 7 |
| (Ref.) Net income | 8 |

### Margin funnel

Gross margin 37.9% → Operating margin 7.0% → Net margin 8.4%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +5.7%; Core profit growth: +195.8%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 34.50×
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 | 8,793 | 9,292 | 499 | +5.7% |
| Gross profit | 3,011 | 3,521 | 511 | +17.0% |
| Operating income | 219 | 648 | 429 | +195.8% |
| Net income attributable to owners | 205 | 784 | 578 | +281.6% |
| Operating cash flow | 1,405 | 1,098 | -307 | -21.9% |
| Free cash flow | 832 | 393 | -439 | -52.8% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 9,046 | 214 | 2.4% | 158 | 580 | -581 | S100LY83 |
| FY ending Mar 2021 | 7,092 | -540 | -7.6% | -643 | 1,165 | 88 | S100OHGI |
| FY ending Mar 2022 | 8,067 | 10 | 0.1% | 65 | 105 | -295 | S100R66Z |
| FY ending Mar 2023 | 8,803 | 288 | 3.3% | 362 | 692 | 270 | S100U6OT |
| FY ending Mar 2024 | 8,344 | 112 | 1.3% | -131 | 718 | 448 | S100W70L |
| FY ending Mar 2025 | 8,793 | 219 | 2.5% | 205 | 1,405 | 832 | S100YHNC |
| FY ending Mar 2026 | 9,292 | 648 | 7.0% | 784 | 1,098 | 393 | S100YHNC |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥25.8M |
| Operating income per employee (consolidated) | ¥1.8M |
| Net income per employee (consolidated) | ¥2.2M |

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) | 415 | 407 | 375 | 364 | 360 |
| Average salary (parent company) | ¥5.1M | ¥5.2M | ¥5.2M | ¥5.4M | ¥5.5M |
| Average age (parent company) | 40.4 years | 41.2 years | 41.9 years | 42.4 years | 42.6 years |
| Average tenure (parent company) | 17.3 years | 19.8 years | 20.7 years | 21.2 years | 21.3 years |

Year over year: Employees (consolidated) -1.1% · Revenue (consolidated) +5.7%

## 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 | 1,098 | 11.8% | S100YHNC |
| Capital expenditure | 705 | 7.6% | S100YHNC |
| Free cash flow | 393 | 4.2% | 算出 |
| Investing cash flow | -508 | -5.5% | S100YHNC |
| Financing cash flow | -522 | -5.6% | S100YHNC |
| Dividends paid | 74 | 0.8% | S100YHNC |
| Share buyback | 0 | 0.0% | S100YHNC |
| Change in cash | 111 | 1.2% | S100YHNC |
| Cash and equivalents | 1,457 | 15.7% | S100YHNC |

## 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 | 1,202 | 1,241 | 1,390 | 1,347 | 1,457 | S100U6OT, S100W70L, S100YHNC |
| Total assets | 16,080 | 16,387 | 16,467 | 15,955 | 17,284 | S100R66Z, S100U6OT, S100W70L, S100YHNC |
| Net assets | 7,179 | 7,497 | 7,805 | 7,939 | 9,500 | S100U6OT, S100W70L, S100YHNC |
| Share capital | 3,099 | 3,099 | 3,099 | 3,099 | 3,099 | S100R66Z, S100U6OT, S100W70L, S100YHNC |
| Trade receivables | 1,799 | 1,892 | 2,014 | 1,995 | 1,936 | S100R66Z, S100U6OT, S100W70L, S100YHNC |
| Inventories | 4,656 | 5,207 | 5,125 | 4,821 | 5,343 | S100R66Z, S100U6OT, S100W70L, S100YHNC |
| Property, plant and equipment | 6,130 | 5,763 | 5,443 | 5,190 | 4,919 | S100R66Z, S100U6OT, S100W70L, S100YHNC |
| Intangible assets excluding goodwill | 265 | 249 | 222 | 257 | 524 | S100R66Z, S100U6OT, S100W70L, S100YHNC |
| Investment securities | 1,260 | 1,293 | 1,598 | 1,633 | 2,118 | S100R66Z, S100U6OT, S100W70L, S100YHNC |
| Current assets | 8,020 | 8,573 | 8,769 | 8,394 | 9,042 | S100R66Z, S100U6OT, S100W70L, S100YHNC |
| Current liabilities | 4,257 | 4,259 | 3,980 | 3,514 | 3,825 | S100R66Z, S100U6OT, S100W70L, S100YHNC |
| Trade payables | 450 | 420 | 344 | 320 | 356 | S100R66Z, S100U6OT, S100W70L, S100YHNC |
| Short-term borrowings | 2,387 | 2,292 | 2,123 | 1,524 | 1,664 | S100R66Z, S100U6OT, S100W70L, S100YHNC |
| Long-term borrowings | 2,647 | 2,644 | 2,772 | 2,784 | 2,462 | S100R66Z, S100U6OT, S100W70L, S100YHNC |
| Total liabilities | 8,901 | 8,890 | 8,663 | 8,016 | 7,784 | S100R66Z, S100U6OT, S100W70L, S100YHNC |
| Equity attributable to owners of parent | 6,505 | 6,822 | 6,617 | 6,748 | 7,458 | S100R66Z, S100U6OT, S100W70L, S100YHNC |
| Retained earnings | 1,749 | 2,067 | 1,861 | 1,992 | 2,702 | S100R66Z, S100U6OT, S100W70L, S100YHNC |
| Treasury stock | -46 | -47 | -47 | -47 | -47 | S100R66Z, S100U6OT, S100W70L, S100YHNC |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 8% | S100YHNC |
| Receivables | 11% | S100YHNC |
| Inventories | 31% | S100YHNC |
| Property, plant and equipment | 29% | S100YHNC |
| Intangibles and goodwill | 3% | S100YHNC |
| Investment securities | 12% | S100YHNC |
| Other assets | 6% | S100YHNC |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 2% | S100YHNC |
| Other liabilities | 43% | S100YHNC |
| Equity | 55% | S100YHNC |
| Other liabilities | 0% | S100YHNC |

### 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 | 16,080 | 16,387 | 16,467 | 15,955 | 17,284 |
| Equity | 7,179 | 7,497 | 7,805 | 7,939 | 9,500 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 1,202 | 1,241 | 1,390 | 1,347 | 1,457 |

## 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) | 52.9% | S100YHNC |
| Fixed assets ÷ total assets | 28.5% | S100YHNC |
| Goodwill ÷ parent equity | — | —, S100YHNC |

### 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) | 8.4% |
| Cash ÷ revenue | 15.7% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 169.3% |
| Cash vs. profit gap | 314 JPY mn (of net income 40.0%) |
| Shareholder returns / net income | 9.5% |
| Shareholder returns / FCF | 18.9% |
| Shareholder payments — dividends / net income | 9.4% |
| Shareholder payments — dividends / FCF | 18.8% |
| CapEx intensity (capex ÷ revenue) | 7.6% |
| Investing CF relative to operating CF | 46.3% |

## 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 | 0.8% | 0.50× | 0.4% | 2.47× | 1.0% | S100R66Z |
| 2023 | 4.1% | 0.54× | 2.2% | 2.44× | 5.4% | S100U6OT |
| 2024 | — | —× | -0.8% | —× | — | S100W70L |
| 2025 | 2.3% | 0.54× | 1.3% | 2.43× | 3.1% | S100YHNC |
| 2026 | 8.4% | 0.56× | 4.7% | 2.34× | 11.0% | S100YHNC |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| ダイジヱット取引先持株会 | Major shareholder | 8.9% | 2026-03-31 |
| ダイジヱット持株会 | Major shareholder | 6.2% | 2026-03-31 |
| シルバーロイ株式会社 | Major shareholder | 4.9% | 2026-03-31 |
| 株式会社みずほ銀行 | Major shareholder | 4.4% | 2026-03-31 |
| 生悦住 歩 | Major shareholder | 4.3% | 2026-03-31 |
| ダイジヱット共栄会 | Major shareholder | 3.2% | 2026-03-31 |
| 株式会社三菱ＵＦＪ銀行 | Major shareholder | 3.0% | 2026-03-31 |
| 明治安田生命保険相互会社 | Major shareholder | 2.9% | 2026-03-31 |
| 共栄火災海上保険株式会社 | Major shareholder | 2.8% | 2026-03-31 |
| ダイジヱット工業従業員持株会 | Major shareholder | 2.5% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第100期(2025/04/01－2026/03/31) | S100YHNC | 2026-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YHNC,, |
| 有価証券報告書－第99期(2024/04/01－2025/03/31) | S100W70L | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W70L,, |
| 訂正有価証券報告書－第98期(2023/04/01－2024/03/31) | S100U6OT | 2024-08-08 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100U6OT,, |
| 有価証券報告書－第97期(2022/04/01－2023/03/31) | S100R66Z | 2023-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R66Z,, |
| 有価証券報告書－第96期(令和3年4月1日－令和4年3月31日) | S100OHGI | 2022-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OHGI,, |
| 訂正有価証券報告書－第95期(令和2年4月1日－令和3年3月31日) | S100LY83 | 2021-07-07 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LY83,, |

## 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).