# GENERAL PACKER CO., LTD.: business model and financials

> Latest period: FY ending Jul 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第64期(2024/08/01－2025/07/31) (S100WWCW)
> Page: https://vizora.meequs.com/en/company/general-packer
> Retrieved: 2026-09-30T19:42:01.469Z

## Company

General Packer, founded in 1962, is a company in Industrial Machinery listed on TSE Standard. It has 215 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | GENERAL PACKER CO., LTD. |
| Ticker | 6267 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6267.T) |
| Listing | TSE Standard |
| Head office | 愛知県北名古屋市宇福寺神明65番地 |
| Representative (per filing) | 代表取締役社長 牧野研二 |
| Founded | Jun 1962 |
| Share capital | ¥251.6M |
| Employees (consolidated) | 215 |
| Average salary (parent only) | ¥6.5M |
| Fiscal year end | July |
| Website | www.general-packer.co.jp (https://www.general-packer.co.jp/) |
| Corporate number | 6180001045896 |
| EDINET | E02469 |
| Industries (Vizora) | Industrial Machinery |

> Profile source: annual securities report (S100WWCW, filed 2025-10-23). As of filing

## Five-axis industry profile

Primary industry: Industrial Machinery (2025-07-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 26.8 | 110 |
| Profitability | 69.3 | 122 |
| Cash conversion | 14.2 | 116 |
| Efficiency | 78.3 | 122 |

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 90% of General Packer's sales come from Package machine, with Production machine making up much of the rest.
- Out of every ¥100 of sales, about ¥11 is left as operating profit.
- Revenue changed +2.6% from the prior year, operating profit +7.4%.

## Company structure

- Segment revenue mix: Package machine 90.1%、Production machine 9.9%
- Revenue → net income: ¥10108411000 → ¥799349000
- Net income → operating cash flow: ¥799349000 → ¥408184000（difference ¥-391165000）
- Main uses of operating cash flow: CapEx ¥31562000 / dividends ¥187910000 / buybacks ¥151000
- Change in cash: ¥-659000
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 | ¥10.1B |  |
| Operating income | ¥1.07B | Margin 10.6% |
| Net income | ¥799.3M | Margin 7.9% |
| Free cash flow | ¥376.6M |  |
| Largest business | Package machine | of segment revenue 90.1% |
| Employees (consolidated) | 215 |  |
| EPS | ¥443.44 |  |
| Book value per share | ¥4397.01 |  |
| Equity ratio | 68.1% |  |
| Shares outstanding | 1,798,800 |  |
| Treasury shares | 1,500 |  |
| Shareholders | 699 |  |
| Average salary (parent only) | ¥6.5M | Filing company only |
| Cash ratio | 26.0% | Cash ÷ revenue 28.3% |
| Vs. industry median margin | +3 pp | Industrial Machinery |
| ROE | 11.3% | Derived from disclosed figures |
| ROA | 7.0% | Derived from disclosed figures |

## Notable figures

- FY2025, one segment accounts for 98% of positive segment profit
- FY2025, cash is 26% of total assets

## What changed in 5 years

| Metric | FY ending Jul 2020 | FY ending Jul 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥8522729000 | ¥10108411000 | +18.6% |
| Operating income | ¥835038000 | ¥1073877000 | +28.6% |
| Operating margin | 9.8% | 10.6% | +0.8 pp |
| Employees | 191 people | 215 people | +12.6% |
| Cash and equivalents | ¥1676750000 | ¥2856680000 | +70.4% |

### Change in segment revenue mix

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

| Flow | Revenue share |
| --- | ---: |
| 包装機械事業 → 包装機械事業 | 87.2% |
| 生産機械事業 → 生産機械事業 | 9.9% |
| 生産機械事業 → 事業再編・廃止 | 2.9% |
| 新設・再編 → 包装機械事業 | 2.9% |

Segment revenue source references: 4 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 10,108 | 100.0% | S100WWCW |
| Cost of revenue | 7,001 | 69.3% | S100WWCW |
| Gross profit | 3,107 | 30.7% | S100WWCW |
| SG&A | 2,033 | 20.1% | S100WWCW |
| Operating income | 1,074 | 10.6% | S100WWCW |
| Ordinary income | 1,067 | 10.6% | S100WWCW |
| Pretax income | 1,067 | 10.6% | S100WWCW |
| Income tax | 268 | 2.6% | S100WWCW |
| Net income | 799 | 7.9% | S100WWCW |
| Net income attributable to owners | 799 | 7.9% | S100WWCW |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 69 |
| SG&A | 20 |
| Operating income | 11 |
| (Ref.) Net income | 8 |

### Margin funnel

Gross margin 30.7% → Operating margin 10.6% → Net margin 7.9%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +2.6%; Core profit growth: +7.4%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.85×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 9,854 | 10,108 | 255 | +2.6% |
| Gross profit | 2,876 | 3,107 | 231 | +8.0% |
| Operating income | 1,000 | 1,074 | 74 | +7.4% |
| Net income attributable to owners | 721 | 799 | 78 | +10.9% |
| Operating cash flow | 1,144 | 408 | -736 | -64.3% |
| Free cash flow | 1,101 | 377 | -724 | -65.8% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jul 2019 | 8,327 | 741 | 8.9% | 524 | 836 | 715 | S100JXQG |
| FY ending Jul 2020 | 8,523 | 835 | 9.8% | 568 | 36 | -148 | S100MLZ5 |
| FY ending Jul 2021 | 8,787 | 1,035 | 11.8% | 741 | 1,447 | 1,379 | S100PDHV |
| FY ending Jul 2022 | 8,644 | 1,126 | 13.0% | 779 | 552 | 70 | S100S244 |
| FY ending Jul 2023 | 9,055 | 931 | 10.3% | 665 | -311 | -397 | S100UKGY |
| FY ending Jul 2024 | 9,854 | 1,000 | 10.2% | 721 | 1,144 | 1,101 | S100WWCW |
| FY ending Jul 2025 | 10,108 | 1,074 | 10.6% | 799 | 408 | 377 | S100WWCW |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥47M |
| Operating income per employee (consolidated) | ¥5M |
| Net income per employee (consolidated) | ¥3.7M |

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

| History | FY ending Jul 2021 | FY ending Jul 2022 | FY ending Jul 2023 | FY ending Jul 2024 | FY ending Jul 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 195 | 198 | 208 | 208 | 215 |
| Average salary (parent company) | ¥5.9M | ¥6M | ¥6M | ¥6.3M | ¥6.5M |
| Average age (parent company) | 38.5 years | 38.8 years | 39.1 years | 39.3 years | 38.7 years |
| Average tenure (parent company) | 14.0 years | 14.0 years | 14.0 years | 14.0 years | 13.0 years |

Year over year: Employees (consolidated) +3.4% · Revenue (consolidated) +2.6%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Package machine | 9,107 | 90.1% | 1,052 | 11.5% |
| Production machine | 1,001 | 9.9% | 21 | 2.1% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Package machine | 90.1% | 98.0% | 7.9 | 11.5% |
| Production machine | 9.9% | 2.0% | -7.9 | 2.1% |

Segment → industry: Production machine → Industrial Machinery / Package machine → Industrial Machinery

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 408 | 4.0% | S100WWCW |
| Capital expenditure | 32 | 0.3% | S100WWCW |
| Free cash flow | 377 | 3.7% | 算出 |
| Investing cash flow | -51 | -0.5% | S100WWCW |
| Financing cash flow | -337 | -3.3% | S100WWCW |
| Dividends paid | 188 | 1.9% | S100WWCW |
| Share buyback | 0 | 0.0% | S100WWCW |
| Change in cash | -1 | -0.0% | S100WWCW |
| Cash and equivalents | 2,857 | 28.3% | S100WWCW |

## 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 Jul 2021 | FY ending Jul 2022 | FY ending Jul 2023 | FY ending Jul 2024 | FY ending Jul 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 2,859 | 2,664 | 2,179 | 2,857 | 2,857 | S100S244, S100UKGY, S100WWCW |
| Total assets | 9,806 | 10,963 | 11,038 | 11,902 | 10,972 | S100PDHV, S100S244, S100UKGY, S100WWCW |
| Net assets | 5,092 | 5,795 | 6,325 | 6,877 | 7,475 | S100S244, S100UKGY, S100WWCW |
| Share capital | 252 | 252 | 252 | 252 | 252 | S100PDHV, S100S244, S100UKGY, S100WWCW |
| Trade receivables | 1,523 | 1,748 | 2,239 | 2,488 | 1,691 | S100PDHV, S100S244, S100UKGY, S100WWCW |
| Property, plant and equipment | 1,266 | 1,712 | 1,710 | 1,668 | 1,618 | S100PDHV, S100S244, S100UKGY, S100WWCW |
| Intangible assets excluding goodwill | 1,143 | 1,064 | 991 | 920 | 853 | S100PDHV, S100S244, S100UKGY, S100WWCW |
| Goodwill | 550 | 514 | 477 | 441 | 404 | S100PDHV, S100S244, S100UKGY, S100WWCW |
| Investment securities | 52 | 57 | 80 | 89 | 97 | S100PDHV, S100S244, S100UKGY, S100WWCW |
| Current assets | 7,176 | 7,970 | 8,100 | 9,047 | 8,221 | S100PDHV, S100S244, S100UKGY, S100WWCW |
| Current liabilities | 3,995 | 4,561 | 4,105 | 4,589 | 3,143 | S100PDHV, S100S244, S100UKGY, S100WWCW |
| Trade payables | 1,356 | 1,319 | 1,400 | 1,723 | 779 | S100PDHV, S100S244, S100UKGY, S100WWCW |
| Short-term borrowings | 100 | — | — | — | — | S100PDHV |
| Long-term borrowings | 333 | 253 | 246 | 99 | 13 | S100PDHV, S100S244, S100UKGY, S100WWCW |
| Total liabilities | 4,714 | 5,168 | 4,713 | 5,025 | 3,497 | S100PDHV, S100S244, S100UKGY, S100WWCW |
| Equity attributable to owners of parent | 5,078 | 5,744 | 6,256 | 6,785 | 7,395 | S100PDHV, S100S244, S100UKGY, S100WWCW |
| Retained earnings | 4,586 | 5,239 | 5,752 | 6,320 | 6,931 | S100PDHV, S100S244, S100UKGY, S100WWCW |
| Treasury stock | -66 | -54 | -54 | -93 | -93 | S100PDHV, S100S244, S100UKGY, S100WWCW |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 26% | S100WWCW |
| Receivables | 15% | S100WWCW |
| Property, plant and equipment | 15% | S100WWCW |
| Intangibles and goodwill | 12% | S100WWCW |
| Investment securities | 1% | S100WWCW |
| Other assets | 31% | S100WWCW |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 7% | S100WWCW |
| Other liabilities | 25% | S100WWCW |
| Equity | 68% | S100WWCW |

### Balance sheet history

| Metric | FY ending Jul 2021 | FY ending Jul 2022 | FY ending Jul 2023 | FY ending Jul 2024 | FY ending Jul 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 9,806 | 10,963 | 11,038 | 11,902 | 10,972 |
| Equity | 5,092 | 5,795 | 6,325 | 6,877 | 7,475 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 2,859 | 2,664 | 2,179 | 2,857 | 2,857 |

## 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) | 16.0% | S100WWCW |
| Fixed assets ÷ total assets | 14.7% | S100WWCW |
| Goodwill ÷ parent equity | 5.5% | S100WWCW |

Goodwill over 4 years: 550 → 404 JPY; total investing cash flow: -834 JPY. This does not imply causation.

### 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) | 26.0% |
| Cash ÷ revenue | 28.3% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 38.0% |
| Cash vs. profit gap | -391 JPY mn (of net income -48.9%) |
| Shareholder returns / net income | 23.5% |
| Shareholder returns / FCF | 49.9% |
| Shareholder payments — dividends / net income | 23.5% |
| Shareholder payments — dividends / FCF | 49.9% |
| CapEx intensity (capex ÷ revenue) | 0.3% |
| Investing CF relative to operating CF | 12.6% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2021 | 8.4% | 0.90× | 7.6% | 1.93× | 14.6% | S100PDHV |
| 2022 | 9.0% | 0.83× | 7.5% | 1.92× | 14.4% | S100S244 |
| 2023 | 7.3% | 0.82× | 6.0% | 1.83× | 11.1% | S100UKGY |
| 2024 | 7.3% | 0.86× | 6.3% | 1.76× | 11.1% | S100WWCW |
| 2025 | 7.9% | 0.88× | 7.0% | 1.61× | 11.3% | S100WWCW |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社ＦＡＭＳ | Major shareholder | 15.0% | 2025-07-31 |
| ゼネラルパッカー従業員持株会 | Major shareholder | 12.4% | 2025-07-31 |
| 株式会社りそな銀行 | Major shareholder | 4.4% | 2025-07-31 |
| 田中 かんな | Major shareholder | 3.8% | 2025-07-31 |
| ゼネラルパッカー取引先持株会 | Major shareholder | 3.2% | 2025-07-31 |
| 梅森 輝信 | Major shareholder | 3.0% | 2025-07-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 2.8% | 2025-07-31 |
| MSIP CLIENT SECURITIES(常任代理人 モルガン・スタンレーMUFG証券株式会社) | Major shareholder | 2.6% | 2025-07-31 |
| 島末 孝法 | Major shareholder | 2.2% | 2025-07-31 |
| 鈴木 完繁 | Major shareholder | 1.7% | 2025-07-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第64期(2024/08/01－2025/07/31) | S100WWCW | 2025-10-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WWCW,, |
| 有価証券報告書－第63期(2023/08/01－2024/07/31) | S100UKGY | 2024-10-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UKGY,, |
| 有価証券報告書－第62期(2022/08/01－2023/07/31) | S100S244 | 2023-10-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100S244,, |
| 有価証券報告書－第61期(令和3年8月1日－令和4年7月31日) | S100PDHV | 2022-10-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PDHV,, |
| 有価証券報告書－第60期(令和2年8月1日－令和3年7月31日) | S100MLZ5 | 2021-10-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MLZ5,, |
| 有価証券報告書－第59期(令和1年8月1日－令和2年7月31日) | S100JXQG | 2020-10-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100JXQG,, |

## 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).