# FALTEC 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22期(2025/04/01－2026/03/31) (S100YEJ6)
> Page: https://vizora.meequs.com/en/company/faltec
> Retrieved: 2026-09-30T18:04:24.847Z

## Company

Faltec, founded in 2004, is a company in Auto Parts listed on TSE Standard. It has 1,764 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | FALTEC Co.,Ltd. |
| Ticker | 7215 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7215.T) |
| Listing | TSE Standard |
| Head office | 神奈川県川崎市幸区堀川町580番地 |
| Representative (per filing) | 代表取締役社長 河井 芳浩 |
| Founded | Apr 2004 |
| Share capital | ¥2.29B |
| Employees (consolidated) | 1,764 |
| Average salary (parent only) | ¥5.9M |
| Fiscal year end | March |
| Website | www.faltec.co.jp (https://www.faltec.co.jp/) |
| Corporate number | 2020001077174 |
| EDINET | E02246 |
| Industries (Vizora) | Auto Parts |

> Profile source: annual securities report (S100YEJ6, filed 2026-06-18). As of filing

## Five-axis industry profile

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

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 5.9 | 110 |
| Profitability | 10.4 | 111 |
| Cash conversion | 76.4 | 108 |
| Efficiency | 70.7 | 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 81% of Faltec's sales come from Japan, with North Amerika otehr one and Asia making up much of the rest.
- Out of every ¥100 of sales, about ¥2 is left as operating profit.
- Revenue changed -7.5% from the prior year, operating profit -32.6%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥73.2B |  |
| Operating income | ¥1.59B | Margin 2.2% |
| Net income | -¥837M | Margin -1.1% |
| Free cash flow | ¥673M |  |
| Largest business | Japan | of segment revenue 80.9% |
| Employees (consolidated) | 1,764 |  |
| EPS | ¥-185.11 |  |
| Book value per share | ¥211.17 |  |
| Equity ratio | 29.0% |  |
| Shares outstanding | 9,378,600 |  |
| Treasury shares | 700 |  |
| Shareholders | 4,504 |  |
| Average salary (parent only) | ¥5.9M | Filing company only |
| Cash ratio | 24.2% | Cash ÷ revenue 21.6% |
| Vs. industry median margin | -2.6 pp | Auto Parts |
| ROA | -1.3% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 91% of positive segment profit

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥69799000000 | ¥73202000000 | +4.9% |
| Operating income | ¥1960000000 | ¥1591000000 | -18.8% |
| Operating margin | 2.8% | 2.2% | -0.6 pp |
| Employees | 2,219 people | 1,764 people | -20.5% |
| Cash and equivalents | ¥12710000000 | ¥15823000000 | +24.5% |

### 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 |
| --- | ---: |
| 日本 → 日本 | 79.9% |
| アジア → アジア | 8.9% |
| アジア → 事業再編・廃止 | 5.0% |
| 北米他 → 北米他 | 6.2% |
| 新設・再編 → 日本 | 1.0% |
| 新設・再編 → 北米他 | 4.0% |

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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Japan | 5 years | +1.2% | ¥59233000000 | 3.0% | 2 |
| North Amerika otehr one | 5 years | +11.4% | ¥7461000000 | -5.1% | 2 |
| Asia | 5 years | -7.7% | ¥6507000000 | 2.7% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 73,202 | 100.0% | S100YEJ6 |
| Cost of revenue | 61,831 | 84.5% | S100YEJ6 |
| Gross profit | 11,371 | 15.5% | S100YEJ6 |
| SG&A | 9,779 | 13.4% | S100YEJ6 |
| Operating income | 1,591 | 2.2% | S100YEJ6 |
| Ordinary income | 1,591 | 2.2% | S100YEJ6 |
| Pretax income | 335 | 0.5% | S100YEJ6 |
| Income tax | 1,058 | 1.4% | S100YEJ6 |
| Net income | -722 | -1.0% | S100YEJ6 |
| Net income attributable to owners | -837 | -1.1% | S100YEJ6 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 85 |
| SG&A | 13 |
| Operating income | 2 |
| (Ref.) Net income | -1 |

### Margin funnel

Gross margin 15.5% → Operating margin 2.2% → Net margin -1.1%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit down
Revenue growth: -7.5%; Core profit growth: -32.6%
Operating leverage (core profit growth ÷ revenue growth): 4.36×
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 | 79,114 | 73,202 | -5,912 | -7.5% |
| Gross profit | 12,500 | 11,371 | -1,129 | -9.0% |
| Operating income | 2,359 | 1,591 | -768 | -32.6% |
| Net income attributable to owners | 328 | -837 | -1,165 | -355.2% |
| Operating cash flow | 4,658 | 3,846 | -812 | -17.4% |
| Free cash flow | 1,738 | 673 | -1,065 | -61.3% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 85,312 | 2,159 | 2.5% | 1,794 | 6,621 | 528 | S100LX1F |
| FY ending Mar 2021 | 69,799 | 1,960 | 2.8% | 1,363 | 4,256 | 603 | S100OFDJ |
| FY ending Mar 2022 | 69,122 | 1,427 | 2.1% | -623 | 2,186 | -1,795 | S100RBOV |
| FY ending Mar 2023 | 74,102 | -251 | -0.3% | -2,310 | 3,041 | -401 | S100TT0Z |
| FY ending Mar 2024 | 81,886 | 2,093 | 2.6% | -790 | 6,573 | 2,284 | S100W1DG |
| FY ending Mar 2025 | 79,114 | 2,359 | 3.0% | 328 | 4,658 | 1,738 | S100YEJ6 |
| FY ending Mar 2026 | 73,202 | 1,591 | 2.2% | -837 | 3,846 | 673 | S100YEJ6 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥41.5M |
| Operating income per employee (consolidated) | ¥901.9K |
| Net income per employee (consolidated) | -¥474.5K |

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) | 2,205 | 2,115 | 2,030 | 1,922 | 1,764 |
| Average salary (parent company) | ¥5.7M | ¥5.8M | ¥5.8M | ¥5.9M | ¥5.9M |
| Average age (parent company) | 46.1 years | 45.5 years | 45.6 years | 45.1 years | 45.4 years |
| Average tenure (parent company) | 19.2 years | 18.4 years | 17.4 years | 16.6 years | 17.9 years |

Year over year: Employees (consolidated) -8.2% · Revenue (consolidated) -7.5%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Japan | 59,233 | 80.9% | 1,791 | 3.0% |
| Asia | 6,507 | 8.9% | 177 | 2.7% |
| North Amerika otehr one | 7,461 | 10.2% | -381 | -5.1% |

### 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 | 80.9% | 91.0% | 10.1 | 3.0% |
| Asia | 8.9% | 9.0% | 0.1 | 2.7% |
| North Amerika otehr one | 10.2% | — | — | -5.1% |

Loss-making segment (excluded from profit shares): North Amerika otehr one -381 JPY mn

Segment → industry: North Amerika otehr one → Auto Parts / Asia → Auto Parts / Japan → Auto Parts

## 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 | 3,846 | 5.3% | S100YEJ6 |
| Capital expenditure | 3,173 | 4.3% | S100YEJ6 |
| Free cash flow | 673 | 0.9% | 算出 |
| Investing cash flow | -2,754 | -3.8% | S100YEJ6 |
| Financing cash flow | -127 | -0.2% | S100YEJ6 |
| Change in cash | 1,183 | 1.6% | S100YEJ6 |
| Cash and equivalents | 15,823 | 21.6% | S100YEJ6 |

## 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 | 10,279 | 11,838 | 14,497 | 14,640 | 15,823 | S100TT0Z, S100W1DG, S100YEJ6 |
| Total assets | 66,789 | 69,384 | 69,040 | 67,564 | 65,487 | S100RBOV, S100TT0Z, S100W1DG, S100YEJ6 |
| Net assets | 21,608 | 19,257 | 19,071 | 21,435 | 21,533 | S100TT0Z, S100W1DG, S100YEJ6 |
| Share capital | 2,291 | 2,291 | 2,291 | 2,291 | 2,291 | S100RBOV, S100TT0Z, S100W1DG, S100YEJ6 |
| Property, plant and equipment | 27,018 | 26,293 | 23,889 | 23,038 | 20,937 | S100RBOV, S100TT0Z, S100W1DG, S100YEJ6 |
| Intangible assets excluding goodwill | 1,024 | 1,252 | 1,655 | 1,854 | 2,094 | S100RBOV, S100TT0Z, S100W1DG, S100YEJ6 |
| Investment securities | 292 | 273 | 256 | 256 | 255 | S100RBOV, S100TT0Z, S100W1DG, S100YEJ6 |
| Current assets | 37,003 | 40,156 | 41,999 | 41,921 | 41,710 | S100RBOV, S100TT0Z, S100W1DG, S100YEJ6 |
| Current liabilities | 30,577 | 34,837 | 35,355 | 32,085 | 30,879 | S100RBOV, S100TT0Z, S100W1DG, S100YEJ6 |
| Trade payables | 6,740 | 6,980 | 6,231 | 5,845 | 5,518 | S100RBOV, S100TT0Z, S100W1DG, S100YEJ6 |
| Short-term borrowings | 9,000 | 10,000 | 10,500 | 9,600 | 10,868 | S100RBOV, S100TT0Z, S100W1DG, S100YEJ6 |
| Long-term borrowings | 8,818 | 9,174 | 8,402 | 8,492 | 7,903 | S100RBOV, S100TT0Z, S100W1DG, S100YEJ6 |
| Total liabilities | 45,181 | 50,127 | 49,968 | 46,129 | 43,954 | S100RBOV, S100TT0Z, S100W1DG, S100YEJ6 |
| Non-controlling interests | 2,227 | 2,466 | 2,620 | 2,671 | 2,571 | S100RBOV, S100TT0Z, S100W1DG, S100YEJ6 |
| Equity attributable to owners of parent | 16,260 | 13,678 | 13,647 | 13,976 | 13,139 | S100RBOV, S100TT0Z, S100W1DG, S100YEJ6 |
| Retained earnings | 13,360 | 11,050 | 11,020 | 11,348 | 10,511 | S100RBOV, S100TT0Z, S100W1DG, S100YEJ6 |
| Treasury stock | 0 | 0 | 0 | 0 | 0 | S100RBOV, S100TT0Z, S100W1DG, S100YEJ6 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 24% | S100YEJ6 |
| Property, plant and equipment | 32% | S100YEJ6 |
| Intangibles and goodwill | 3% | S100YEJ6 |
| Investment securities | 1% | S100YEJ6 |
| Other assets | 40% | S100YEJ6 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 8% | S100YEJ6 |
| Other liabilities | 59% | S100YEJ6 |
| Equity | 33% | S100YEJ6 |

### 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 | 66,789 | 69,384 | 69,040 | 67,564 | 65,487 |
| Equity | 21,608 | 19,257 | 19,071 | 21,435 | 21,533 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 10,279 | 11,838 | 14,497 | 14,640 | 15,823 |

## 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) | 28.6% | S100YEJ6 |
| Fixed assets ÷ total assets | 32.0% | S100YEJ6 |
| Goodwill ÷ parent equity | — | —, S100YEJ6 |

### 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) | 24.2% |
| Cash ÷ revenue | 21.6% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 241.7% |
| Cash vs. profit gap | 4,683 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 4.3% |
| Investing CF relative to operating CF | 71.6% |

## 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 | — | —× | -0.9% | —× | — | S100RBOV |
| 2023 | — | —× | -3.4% | —× | — | S100TT0Z |
| 2024 | — | —× | -1.1% | —× | — | S100W1DG |
| 2025 | 0.4% | 1.16× | 0.5% | 4.95× | 2.4% | S100YEJ6 |
| 2026 | — | —× | -1.3% | —× | — | S100YEJ6 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| TPR㈱ | Major shareholder | 55.5% | 2026-03-31 |
| CITIC SECURITIES BROKERAGE （HK） LIMITED AC CLIENT （常任代理人 シティバンク、エヌ・エイ東京支店） | Major shareholder | 4.7% | 2026-03-31 |
| SRG GLOBAL, LLC （常任代理人 大和証券㈱） | Major shareholder | 4.0% | 2026-03-31 |
| 大田 昭彦 | Major shareholder | 1.9% | 2026-03-31 |
| ㈱JCU | Major shareholder | 1.9% | 2026-03-31 |
| 國府田 千恵子 | Major shareholder | 1.4% | 2026-03-31 |
| INTERACTIVE BROKERS LLC （常任代理人 インタラクティブ・ブローカーズ証券㈱） | Major shareholder | 1.2% | 2026-03-31 |
| ㈱SBI証券 | Major shareholder | 0.7% | 2026-03-31 |
| 楽天証券㈱ | Major shareholder | 0.7% | 2026-03-31 |
| 池端 伸一 | Major shareholder | 0.6% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第22期(2025/04/01－2026/03/31) | S100YEJ6 | 2026-06-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YEJ6,, |
| 有価証券報告書－第21期(2024/04/01－2025/03/31) | S100W1DG | 2025-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W1DG,, |
| 有価証券報告書－第20期(2023/04/01－2024/03/31) | S100TT0Z | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TT0Z,, |
| 訂正有価証券報告書－第19期(2022/04/01－2023/03/31) | S100RBOV | 2023-07-04 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RBOV,, |
| 有価証券報告書－第18期(令和3年4月1日－令和4年3月31日) | S100OFDJ | 2022-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OFDJ,, |
| 訂正有価証券報告書－第17期(令和2年4月1日－令和3年3月31日) | S100LX1F | 2021-07-05 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LX1F,, |

## 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).