# EIKEN INDUSTRIES CO.,LTD: business model and financials

> Latest period: FY ending Oct 2025, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第57期(2024/11/01－2025/10/31) (S100XH0G)
> Page: https://vizora.meequs.com/en/company/eiken-industries
> Retrieved: 2026-09-30T18:36:39.054Z

## Company

Eiken Industries, founded in 1969, is a company in Auto Parts listed on TSE Standard. It has 251 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | EIKEN INDUSTRIES CO.,LTD. |
| Ticker | 7265 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7265.T) |
| Listing | TSE Standard |
| Head office | 静岡県御前崎市門屋1370番地 |
| Representative (per filing) | 代表取締役社長 宮治友博 |
| Founded | Feb 1969 |
| Share capital | ¥601.8M |
| Employees (consolidated) | 251 |
| Average salary (parent only) | ¥4.7M |
| Fiscal year end | October |
| Website | www.eiken-kk.co.jp (https://www.eiken-kk.co.jp/) |
| Corporate number | 7080401014989 |
| EDINET | E02232 |
| Industries (Vizora) | Auto Parts, Housing Equipment & Building Materials |

> Profile source: annual securities report (S100XH0G, filed 2026-01-26). As of filing

## Five-axis industry profile

Primary industry: Auto Parts (2025-10-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 69.5 | 110 |
| Profitability | 52.7 | 111 |
| Cash conversion | 56.9 | 108 |
| Efficiency | 62.6 | 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 96% of Eiken Industries's sales come from Filter, with Burning appliances and Other making up much of the rest.
- Out of every ¥100 of sales, about ¥5 is left as operating profit.
- Revenue changed +11.2% from the prior year, operating profit +47.0%.

## Company structure

- Segment revenue mix: Filter 95.9%、Burning appliances 4.0%、Other 0.0%
- Revenue → net income: ¥8100115000 → ¥326533000
- Net income → operating cash flow: ¥326533000 → ¥762395000（difference ¥435862000）
- Main uses of operating cash flow: CapEx ¥249874000 / dividends ¥112044000 / buybacks ¥523000
- Change in cash: ¥322155000
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 | ¥8.1B |  |
| Operating income | ¥411.2M | Margin 5.1% |
| Net income | ¥326.5M | Margin 4.0% |
| Free cash flow | ¥512.5M |  |
| Largest business | Filter | of segment revenue 95.9% |
| Employees (consolidated) | 251 |  |
| EPS | ¥319.31 |  |
| Book value per share | ¥5911.12 |  |
| Equity ratio | 77.8% |  |
| Shares outstanding | 1,240,000 |  |
| Treasury shares | 215,500 |  |
| Shareholders | 945 |  |
| Average salary (parent only) | ¥4.7M | Filing company only |
| Cash ratio | 14.7% | Cash ÷ revenue 14.2% |
| Vs. industry median margin | +0.3 pp | Auto Parts |
| ROE | 5.6% | Derived from disclosed figures |
| ROA | 4.3% | Derived from disclosed figures |

## Notable figures

- FY2025, operating cash flow is 2.3× net income
- FY2025, one segment accounts for 95% of positive segment profit

## What changed in 5 years

| Metric | FY ending Oct 2020 | FY ending Oct 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥5387686000 | ¥8100115000 | +50.3% |
| Operating income | ¥248585000 | ¥411189000 | +65.4% |
| Operating margin | 4.6% | 5.1% | +0.5 pp |
| Employees | 240 people | 251 people | +4.6% |
| Cash and equivalents | ¥665651000 | ¥1147075000 | +72.3% |

### Change in segment revenue mix

Span: FY ending Oct 2020 → FY ending Oct 2025. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| フィルター部門 → フィルター部門 | 93.0% |
| 燃焼機器部門 → 燃焼機器部門 | 4.0% |
| 燃焼機器部門 → 事業再編・廃止 | 2.9% |
| その他 → その他 | 0.0% |
| 新設・再編 → フィルター部門 | 2.9% |
| 新設・再編 → その他 | 0.0% |

Segment revenue source references: 6 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Filter | 5 years | +9.2% | ¥7771278000 | 8.8% | 2 |
| Burning appliances | 5 years | -2.7% | ¥326089000 | 11.2% | 2 |
| Other | 5 years | +13.7% | ¥2747000 | -183.5% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 8,100 | 100.0% | S100XH0G |
| Cost of revenue | 6,897 | 85.1% | S100XH0G |
| Gross profit | 1,203 | 14.9% | S100XH0G |
| SG&A | 792 | 9.8% | S100XH0G |
| Operating income | 411 | 5.1% | S100XH0G |
| Ordinary income | 453 | 5.6% | S100XH0G |
| Pretax income | 455 | 5.6% | S100XH0G |
| Income tax | 129 | 1.6% | S100XH0G |
| Net income | 327 | 4.0% | S100XH0G |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 85 |
| SG&A | 10 |
| Operating income | 5 |
| (Ref.) Net income | 4 |

### Margin funnel

Gross margin 14.9% → Operating margin 5.1% → Net margin 4.0%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +11.2%; Core profit growth: +47.0%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 4.20×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 7,285 | 8,100 | 815 | +11.2% |
| Gross profit | 1,023 | 1,203 | 180 | +17.6% |
| Operating income | 280 | 411 | 131 | +47.0% |
| Operating cash flow | 465 | 762 | 298 | +64.1% |
| Free cash flow | 321 | 513 | 192 | +59.7% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Oct 2019 | 5,948 | 462 | 7.8% | 369 | 578 | 345 | S100KKYH |
| FY ending Oct 2020 | 5,388 | 249 | 4.6% | 227 | 455 | 223 | S100NA1A |
| FY ending Oct 2021 | 6,803 | 568 | 8.3% | 425 | 520 | 298 | S100Q187 |
| FY ending Oct 2022 | 6,955 | 339 | 4.9% | 275 | 422 | 145 | S100SO77 |
| FY ending Oct 2023 | 6,797 | 116 | 1.7% | 135 | 254 | 48 | S100V4W1 |
| FY ending Oct 2024 | 7,285 | 280 | 3.8% | 218 | 465 | 321 | S100XH0G |
| FY ending Oct 2025 | 8,100 | 411 | 5.1% | 327 | 762 | 513 | S100XH0G |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥32.3M |
| Operating income per employee (consolidated) | ¥1.6M |
| Net income per employee (consolidated) | ¥1.3M |

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

| History | FY ending Oct 2021 | FY ending Oct 2022 | FY ending Oct 2023 | FY ending Oct 2024 | FY ending Oct 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 239 | 243 | 252 | 249 | 251 |
| Average salary (parent company) | ¥4.3M | ¥4.2M | ¥4.1M | ¥4.4M | ¥4.7M |
| Average age (parent company) | 39.4 years | 39.7 years | 40.0 years | 40.4 years | 41.1 years |
| Average tenure (parent company) | 12.6 years | 13.0 years | 13.2 years | 13.6 years | 14.2 years |

Year over year: Employees (consolidated) +0.8% · Revenue (consolidated) +11.2%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Filter | 7,771 | 95.9% | 687 | 8.8% |
| Burning appliances | 326 | 4.0% | 36 | 11.2% |
| Other | 3 | 0.0% | -5 | -183.5% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Filter | 95.9% | 95.0% | -1.0 | 8.8% |
| Burning appliances | 4.0% | 5.0% | 1.0 | 11.2% |
| Other | 0.0% | — | — | -183.5% |

Loss-making segment (excluded from profit shares): Other -5 JPY mn

Segment → industry: Filter → Auto Parts / Burning appliances → Housing Equipment & Building Materials

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 762 | 9.4% | S100XH0G |
| Capital expenditure | 250 | 3.1% | S100XH0G |
| Free cash flow | 513 | 6.3% | 算出 |
| Investing cash flow | -323 | -4.0% | S100XH0G |
| Financing cash flow | -117 | -1.4% | S100XH0G |
| Dividends paid | 112 | 1.4% | S100XH0G |
| Share buyback | 1 | 0.0% | S100XH0G |
| Change in cash | 322 | 4.0% | S100XH0G |
| Cash and equivalents | 1,147 | 14.2% | S100XH0G |

## 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 Oct 2021 | FY ending Oct 2022 | FY ending Oct 2023 | FY ending Oct 2024 | FY ending Oct 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 590 | 494 | 771 | 825 | 1,147 | S100SO77, S100V4W1, S100XH0G |
| Total assets | 7,139 | 7,047 | 7,079 | 7,430 | 7,783 | S100Q187, S100SO77, S100V4W1, S100XH0G |
| Net assets | 5,494 | 5,648 | 5,692 | 5,804 | 6,056 | S100SO77, S100V4W1, S100XH0G |
| Share capital | 602 | 602 | 602 | 602 | 602 | S100Q187, S100SO77, S100V4W1, S100XH0G |
| Property, plant and equipment | 2,154 | 2,160 | 2,103 | 2,021 | 2,089 | S100Q187, S100SO77, S100V4W1, S100XH0G |
| Intangible assets excluding goodwill | 10 | 13 | 18 | 13 | 9 | S100Q187, S100SO77, S100V4W1, S100XH0G |
| Investment securities | 336 | 347 | 256 | 401 | 440 | S100Q187, S100SO77, S100V4W1, S100XH0G |
| Current assets | 4,306 | 4,206 | 4,391 | 4,671 | 4,922 | S100Q187, S100SO77, S100V4W1, S100XH0G |
| Current liabilities | 1,384 | 1,128 | 1,100 | 1,339 | 1,419 | S100Q187, S100SO77, S100V4W1, S100XH0G |
| Short-term borrowings | 530 | 460 | 460 | 460 | 460 | S100Q187, S100SO77, S100V4W1, S100XH0G |
| Total liabilities | 1,645 | 1,400 | 1,387 | 1,626 | 1,727 | S100Q187, S100SO77, S100V4W1, S100XH0G |
| Equity attributable to owners of parent | 5,416 | 5,564 | 5,602 | 5,723 | 5,955 | S100Q187, S100SO77, S100V4W1, S100XH0G |
| Retained earnings | 4,951 | 5,086 | 5,110 | 5,216 | 5,431 | S100Q187, S100SO77, S100V4W1, S100XH0G |
| Treasury stock | -534 | -522 | -510 | -498 | -486 | S100Q187, S100SO77, S100V4W1, S100XH0G |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 15% | S100XH0G |
| Property, plant and equipment | 27% | S100XH0G |
| Intangibles and goodwill | 0% | S100XH0G |
| Investment securities | 5% | S100XH0G |
| Other assets | 53% | S100XH0G |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 22% | S100XH0G |
| Equity | 78% | S100XH0G |
| Other liabilities | 0% | S100XH0G |

### Balance sheet history

| Metric | FY ending Oct 2021 | FY ending Oct 2022 | FY ending Oct 2023 | FY ending Oct 2024 | FY ending Oct 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 7,139 | 7,047 | 7,079 | 7,430 | 7,783 |
| Equity | 5,494 | 5,648 | 5,692 | 5,804 | 6,056 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 590 | 494 | 771 | 825 | 1,147 |

## 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) | 25.8% | S100XH0G |
| Fixed assets ÷ total assets | 26.8% | S100XH0G |
| Goodwill ÷ parent equity | — | —, S100XH0G |

### 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 | 14.2% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 185.4% |
| Cash vs. profit gap | 436 JPY mn (of net income 133.5%) |
| Shareholder returns / net income | 34.5% |
| Shareholder returns / FCF | 22.0% |
| Shareholder payments — dividends / net income | 34.3% |
| Shareholder payments — dividends / FCF | 21.9% |
| CapEx intensity (capex ÷ revenue) | 3.1% |
| Investing CF relative to operating CF | 42.4% |

## 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 | 6.2% | 0.95× | 5.9% | 1.32× | 7.8% | S100Q187 |
| 2022 | 4.0% | 0.98× | 3.9% | 1.29× | 5.0% | S100SO77 |
| 2023 | 2.0% | 0.96× | 1.9% | 1.27× | 2.4% | S100V4W1 |
| 2024 | 3.0% | 1.00× | 3.0% | 1.28× | 3.8% | S100XH0G |
| 2025 | 4.0% | 1.06× | 4.3% | 1.30× | 5.6% | S100XH0G |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 育実企画株式会社 | Major shareholder | 14.6% | 2025-10-31 |
| 石 田 由紀子 | Major shareholder | 6.7% | 2025-10-31 |
| 安 池 真理子 | Major shareholder | 6.7% | 2025-10-31 |
| 清 水 小百合 | Major shareholder | 6.6% | 2025-10-31 |
| エイケン工業取引先持株会 | Major shareholder | 3.7% | 2025-10-31 |
| 株式会社静岡銀行(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 | 3.3% | 2025-10-31 |
| 干 場 初 枝 | Major shareholder | 3.2% | 2025-10-31 |
| 早 馬 義 光 | Major shareholder | 3.0% | 2025-10-31 |
| 河 野 薫 | Major shareholder | 2.0% | 2025-10-31 |
| 島田掛川信用金庫 | Major shareholder | 1.9% | 2025-10-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第57期(2024/11/01－2025/10/31) | S100XH0G | 2026-01-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XH0G,, |
| 有価証券報告書－第56期(2023/11/01－2024/10/31) | S100V4W1 | 2025-01-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100V4W1,, |
| 有価証券報告書－第55期(2022/11/01－2023/10/31) | S100SO77 | 2024-01-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100SO77,, |
| 訂正有価証券報告書－第54期(2021/11/01－2022/10/31) | S100Q187 | 2023-01-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Q187,, |
| 有価証券報告書－第53期(令和2年11月1日－令和3年10月31日) | S100NA1A | 2022-01-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100NA1A,, |
| 有価証券報告書－第52期(令和1年11月1日－令和2年10月31日) | S100KKYH | 2021-01-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100KKYH,, |

## 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).