# FUJITA CORPORATION 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48期(2025/04/01－2026/03/31) (S100YIJ4)
> Page: https://vizora.meequs.com/en/company/fujita
> Retrieved: 2026-09-30T22:15:53.155Z

## Company

Fujita, founded in 1978, is a company in Meat Processing listed on TSE Standard. It has 126 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | FUJITA CORPORATION Co.,Ltd. |
| Ticker | 3370 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3370.T) |
| Listing | TSE Standard |
| Head office | 北海道苫小牧市若草町5丁目3番5号 |
| Representative (per filing) | 代表取締役社長 遠藤 大輔 |
| Founded | Mar 1978 |
| Share capital | ¥73.6M |
| Employees (consolidated) | 126 |
| Average salary (parent only) | ¥3.7M |
| Fiscal year end | March |
| Website | www.fujitacorp.co.jp (https://www.fujitacorp.co.jp/) |
| Corporate number | 9430001054035 |
| EDINET | E03456 |
| Industries (Vizora) | Meat Processing, Beverages & Dairy, Fast Food & Quick Service |

> Profile source: annual securities report (S100YIJ4, filed 2026-06-25). As of filing

## Five-axis industry profile

Primary industry: Fast Food & Quick Service (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 15.9 | 22 |
| Cash conversion | 35.7 | 21 |
| Efficiency | 56.8 | 22 |

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 89% of Fujita's sales come from Restaurant and Retail Section, Reportable segments, with Manufacture and Wholesale Section, Reportable segments and Agriculture and Livestock Section making up much of the rest.
- Out of every ¥100 of sales, about ¥3 is left as operating profit.
- Revenue changed +3.6% from the prior year, operating profit +40.9%.

## Company structure

- Segment revenue mix: Restaurant and Retail Section, Reportable segments 89.4%、Manufacture and Wholesale Section, Reportable segments 6.6%、Agriculture and Livestock Section 4.1%
- Revenue → net income: ¥5068508000 → ¥125115000
- Net income → operating cash flow: ¥125115000 → ¥193443000（difference ¥68328000）
- Main uses of operating cash flow: CapEx ¥143026000 / dividends ¥24704000 / buybacks ¥10000000
- Change in cash: ¥-48945000
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 | ¥5.07B |  |
| Operating income | ¥160.6M | Margin 3.2% |
| Net income | ¥125.1M | Margin 2.5% |
| Free cash flow | ¥50.4M |  |
| Largest business | Restaurant and Retail Section, Reportable segments | of segment revenue 89.4% |
| Employees (consolidated) | 126 |  |
| EPS | ¥39.11 |  |
| Book value per share | ¥85.81 |  |
| Equity ratio | 12.3% |  |
| Shares outstanding | 3,432,300 |  |
| Shareholders | 9,594 |  |
| Average salary (parent only) | ¥3.7M | Filing company only |
| Cash ratio | 11.1% | Cash ÷ revenue 6.2% |
| Vs. industry median margin | -2.3 pp | Fast Food & Quick Service |
| ROE | 44.3% | Derived from disclosed figures |
| ROA | 4.5% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 94% of positive segment profit

## What changed in 6 years

Currency or consolidation scope differs; percentage changes are omitted.

| Metric | FY ending Mar 2020 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥4628193000 | ¥5068508000 | — |
| Operating income | ¥-7370000 | ¥160599000 | — |
| Operating margin | -0.2% | 3.2% | +3.3 pp |
| Employees | 108 people | 126 people | — |
| Cash and equivalents | ¥360160000 | ¥313479000 | — |

### Change in segment revenue mix

Span: FY ending Mar 2020 → 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 |
| --- | ---: |
| 飲食 → 事業再編・廃止 | 88.7% |
| 物販 → 事業再編・廃止 | 11.3% |
| 新設・再編 → 飲食・小売 | 89.4% |
| 新設・再編 → 製造・卸売 | 6.6% |
| 新設・再編 → 農畜産 | 4.1% |

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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Restaurant and Retail Section, Reportable segments | 2 years | +6.0% | ¥4529304000 | 3.9% | 2 |
| Manufacture and Wholesale Section, Reportable segments | 2 years | -8.2% | ¥332276000 | 3.7% | 2 |
| Agriculture and Livestock Section | 2 years | +12.1% | ¥206928000 | -6.3% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 5,069 | 100.0% | S100YIJ4 |
| Cost of revenue | 2,025 | 40.0% | S100YIJ4 |
| Gross profit | 3,043 | 60.0% | S100YIJ4 |
| SG&A | 2,883 | 56.9% | S100YIJ4 |
| Operating income | 161 | 3.2% | S100YIJ4 |
| Ordinary income | 154 | 3.0% | S100YIJ4 |
| Pretax income | 116 | 2.3% | S100YIJ4 |
| Income tax | -9 | -0.2% | S100YIJ4 |
| Net income | 125 | 2.5% | S100YIJ4 |
| Net income attributable to owners | 125 | 2.5% | S100YIJ4 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 40 |
| SG&A | 57 |
| Operating income | 3 |
| (Ref.) Net income | 2 |

### Margin funnel

Gross margin 60.0% → Operating margin 3.2% → Net margin 2.5%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +3.6%; Core profit growth: +40.9%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 11.38×
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 | 4,893 | 5,069 | 176 | +3.6% |
| Gross profit | 2,891 | 3,043 | 152 | +5.2% |
| Operating income | 114 | 161 | 47 | +40.9% |
| Net income attributable to owners | 97 | 125 | 28 | +29.2% |
| Operating cash flow | 225 | 193 | -31 | -14.0% |
| Free cash flow | -19 | 50 | 69 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 4,628 | -7 | -0.2% | -104 | 231 | 148 | S100LSIB |
| FY ending Mar 2021 | 4,171 | -136 | -3.3% | -215 | -32 | -100 | S100OKSH |
| FY ending Mar 2022 | 4,021 | -135 | -3.4% | -110 | -83 | -105 | S100OKSH |
| FY ending Mar 2024 | 4,589 | 94 | 2.0% | 53 | 222 | 64 | S100W77P |
| FY ending Mar 2025 | 4,893 | 114 | 2.3% | 97 | 225 | -19 | S100YIJ4 |
| FY ending Mar 2026 | 5,069 | 161 | 3.2% | 125 | 193 | 50 | S100YIJ4 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥40.2M |
| Operating income per employee (consolidated) | ¥1.3M |
| Net income per employee (consolidated) | ¥993K |

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

| History | FY ending Mar 2021 | FY ending Mar 2022 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 109 | 102 | 110 | 112 | 126 |
| Average salary (parent company) | ¥3.6M | ¥3.6M | ¥3.8M | ¥3.8M | ¥3.7M |
| Average age (parent company) | 38.9 years | 41.5 years | 41.0 years | 40.7 years | 39.7 years |
| Average tenure (parent company) | 9.3 years | 10.2 years | 10.7 years | 10.8 years | 9.6 years |

Year over year: Employees (consolidated) +12.5% · Revenue (consolidated) +3.6%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Restaurant and Retail Section, Reportable segments | 4,529 | 89.4% | 177 | 3.9% |
| Manufacture and Wholesale Section, Reportable segments | 332 | 6.6% | 12 | 3.7% |
| Agriculture and Livestock Section | 207 | 4.1% | -13 | -6.3% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Restaurant and Retail Section, Reportable segments | 89.4% | 93.5% | 4.1 | 3.9% |
| Manufacture and Wholesale Section, Reportable segments | 6.6% | 6.5% | -0.1 | 3.7% |
| Agriculture and Livestock Section | 4.1% | — | — | -6.3% |

Loss-making segment (excluded from profit shares): Agriculture and Livestock Section -13 JPY mn

Segment → industry: Manufacture and Wholesale Section, Reportable segments → Meat Processing / Manufacture and Wholesale Section, Reportable segments → Beverages & Dairy / Restaurant and Retail Section, Reportable segments → Fast Food & Quick Service

## 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 | 193 | 3.8% | S100YIJ4 |
| Capital expenditure | 143 | 2.8% | S100YIJ4 |
| Free cash flow | 50 | 1.0% | 算出 |
| Investing cash flow | -151 | -3.0% | S100YIJ4 |
| Financing cash flow | -91 | -1.8% | S100YIJ4 |
| Dividends paid | 25 | 0.5% | S100YIJ4 |
| Share buyback | 10 | 0.2% | S100YIJ4 |
| Change in cash | -49 | -1.0% | S100YIJ4 |
| Cash and equivalents | 313 | 6.2% | S100YIJ4 |

## 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 2021 | FY ending Mar 2022 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 556 | 510 | 515 | 362 | 313 | S100OKSH, S100YIJ4 |
| Total assets | 3,110 | 2,934 | 2,849 | 2,799 | 2,816 | S100OKSH, S100W77P, S100YIJ4 |
| Net assets | 45 | 3 | 139 | 239 | 346 | S100OKSH, S100YIJ4 |
| Share capital | 780 | 814 | 890 | 890 | 74 | S100OKSH, S100W77P, S100YIJ4 |
| Property, plant and equipment | 1,480 | 1,377 | 1,290 | 1,391 | 1,387 | S100OKSH, S100W77P, S100YIJ4 |
| Intangible assets excluding goodwill | 159 | 155 | 210 | 193 | 178 | S100OKSH, S100W77P, S100YIJ4 |
| Goodwill | 8 | 5 | 61 | 46 | 30 | S100OKSH, S100W77P, S100YIJ4 |
| Investment securities | 35 | 32 | 60 | 62 | 66 | S100OKSH, S100W77P, S100YIJ4 |
| Current assets | 904 | 867 | 855 | 705 | 728 | S100OKSH, S100W77P, S100YIJ4 |
| Current liabilities | 749 | 630 | 737 | 785 | 833 | S100OKSH, S100W77P, S100YIJ4 |
| Short-term borrowings | 280 | 280 | 249 | 229 | 309 | S100OKSH, S100W77P, S100YIJ4 |
| Long-term borrowings | 2,178 | 2,175 | 1,846 | 1,654 | 1,524 | S100OKSH, S100W77P, S100YIJ4 |
| Total liabilities | 3,065 | 2,931 | 2,709 | 2,560 | 2,470 | S100OKSH, S100W77P, S100YIJ4 |
| Non-controlling interests | — | — | 0 | 0 | 0 | S100W77P, S100YIJ4 |
| Equity attributable to owners of parent | 46 | 4 | 137 | 234 | 331 | S100OKSH, S100W77P, S100YIJ4 |
| Retained earnings | -1,174 | -1,284 | -1,303 | -1,206 | 95 | S100OKSH, S100W77P, S100YIJ4 |
| Treasury stock | -0 | -0 | -0 | -0 | -0 | S100OKSH, S100W77P, S100YIJ4 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 11% | S100YIJ4 |
| Property, plant and equipment | 49% | S100YIJ4 |
| Intangibles and goodwill | 8% | S100YIJ4 |
| Investment securities | 2% | S100YIJ4 |
| Other assets | 30% | S100YIJ4 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 88% | S100YIJ4 |
| Equity | 12% | S100YIJ4 |

### Balance sheet history

| Metric | FY ending Mar 2021 | FY ending Mar 2022 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 3,110 | 2,934 | 2,849 | 2,799 | 2,816 |
| Equity | 45 | 3 | 139 | 239 | 346 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 556 | 510 | 515 | 362 | 313 |

## 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) | 27.4% | S100YIJ4 |
| Fixed assets ÷ total assets | 49.3% | S100YIJ4 |
| Goodwill ÷ parent equity | 9.2% | S100YIJ4 |

### 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) | 11.1% |
| Cash ÷ revenue | 6.2% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 120.5% |
| Cash vs. profit gap | 68 JPY mn (of net income 54.6%) |
| Shareholder returns / net income | 27.7% |
| Shareholder returns / FCF | 68.8% |
| Shareholder payments — dividends / net income | 19.7% |
| Shareholder payments — dividends / FCF | 49.0% |
| CapEx intensity (capex ÷ revenue) | 2.8% |
| Investing CF relative to operating CF | 78.2% |

## 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 | — | —× | -6.9% | —× | — | S100OKSH |
| 2022 | — | —× | -3.6% | —× | — | S100OKSH |
| 2024 | 1.1% | 1.61× | 1.8% | 20.83× | 38.4% | S100W77P |
| 2025 | 2.0% | 1.73× | 3.4% | 15.25× | 52.3% | S100YIJ4 |
| 2026 | 2.5% | 1.81× | 4.5% | 9.94× | 44.3% | S100YIJ4 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社ＪＦＬＡホールディングス | Major shareholder | 11.3% | 2026-03-31 |
| 藤田 博章 | Major shareholder | 4.8% | 2026-03-31 |
| 株式会社ダスキン | Major shareholder | 3.8% | 2026-03-31 |
| 山下 博 | Major shareholder | 2.5% | 2026-03-31 |
| 林 昭男 | Major shareholder | 2.0% | 2026-03-31 |
| ＪＰモルガン証券株式会社 | Major shareholder | 1.9% | 2026-03-31 |
| 木津 正男 | Major shareholder | 1.5% | 2026-03-31 |
| 経塚 聖順 | Major shareholder | 1.3% | 2026-03-31 |
| 経塚 真理恵 | Major shareholder | 1.3% | 2026-03-31 |
| BNYM SA/NV FOR BNYM FOR BNY GCM CLIENT ACCOUNTS M LSCB RD （常任代理人 株式会社三菱ＵＦＪ銀行） | Major shareholder | 1.3% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第48期(2025/04/01－2026/03/31) | S100YIJ4 | 2026-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YIJ4,, |
| 有価証券報告書－第47期(2024/04/01－2025/03/31) | S100W77P | 2025-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W77P,, |
| 有価証券報告書－第46期(2023/04/01－2024/03/31) | S100TU4L | 2024-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TU4L,, |
| 有価証券報告書－第44期(令和3年4月1日－令和4年3月31日) | S100OKSH | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OKSH,, |
| 有価証券報告書－第43期(令和2年4月1日－令和3年3月31日) | S100LSIB | 2021-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LSIB,, |

## 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).