# Genky DrugStores Co., Ltd.: business model and financials

> Latest period: FY ending Jun 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第9期(2025/06/21－2026/06/20) (S100Z0OS)
> Page: https://vizora.meequs.com/en/company/genky-drugstores
> Retrieved: 2026-09-30T21:52:17.826Z

## Company

Genky DrugStores, founded in 2017, is a company in Drugstores & Pharmacies listed on TSE Prime. It has 1,973 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Genky DrugStores Co., Ltd. |
| Ticker | 9267 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/9267.T) |
| Listing | TSE Prime |
| Head office | 福井県坂井市丸岡町下久米田38字33番 |
| Representative (per filing) | 代表取締役社長 藤永賢一 |
| Founded | Dec 2017 |
| Share capital | ¥1.08B |
| Employees (consolidated) | 1,973 |
| Fiscal year end | June |
| Website | www.genkydrugstores.co.jp (https://www.genkydrugstores.co.jp/) |
| Corporate number | 5210001016969 |
| EDINET | E33416 |
| Industries (Vizora) | Drugstores & Pharmacies |

> Profile source: annual securities report (S100Z0OS, filed 2026-09-09). As of filing

## Five-axis industry profile

Primary industry: Drugstores & Pharmacies (2026-06-20)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 59.4 | 16 |
| Profitability | 76.3 | 19 |
| Cash conversion | 80.6 | 18 |
| Efficiency | 50 | 19 |

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)

- Genky DrugStores brought in ¥220.6B in revenue.
- Out of every ¥100 of sales, about ¥5 is left as operating profit.
- Revenue changed +9.9% from the prior year, operating profit +13.7%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥220638000000 → ¥7875000000
- Net income → operating cash flow: ¥7875000000 → ¥16975000000（difference ¥9100000000）
- Main uses of operating cash flow: CapEx ¥20143000000 / dividends ¥395000000 / buybacks ¥0
- Change in cash: ¥1644000000
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 | ¥220.6B |  |
| Operating income | ¥11B | Margin 5.0% |
| Net income | ¥7.88B | Margin 3.6% |
| Free cash flow | -¥3.17B |  |
| Employees (consolidated) | 1,973 |  |
| EPS | ¥13.03 |  |
| Diluted EPS | ¥12.99 |  |
| Book value per share | ¥727.38 |  |
| Equity ratio | 42.0% |  |
| Shares outstanding | 31,038,968 |  |
| Treasury shares | 532,000 |  |
| Shareholders | 5,289 |  |
| Cash ratio | 5.4% | Cash ÷ revenue 3.6% |
| Vs. industry median margin | +0.6 pp | Drugstores & Pharmacies |
| ROE | 13.8% | Derived from disclosed figures |
| ROA | 5.8% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 2.2× net income

## What changed in 5 years

| Metric | FY ending Jun 2021 | FY ending Jun 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥142376114000 | ¥220638000000 | +55.0% |
| Operating income | ¥6294955000 | ¥10985000000 | +74.5% |
| Operating margin | 4.4% | 5.0% | +0.6 pp |
| Employees | 1,501 people | 1,973 people | +31.4% |
| Cash and equivalents | ¥7913000000 | ¥7866000000 | -0.6% |

### Change in segment revenue mix

Span: FY ending Jun 2021 → FY ending Jun 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 220,638 | 100.0% | S100Z0OS |
| Cost of revenue | 175,715 | 79.6% | S100Z0OS |
| Gross profit | 44,923 | 20.4% | S100Z0OS |
| SG&A | 33,938 | 15.4% | S100Z0OS |
| Operating income | 10,985 | 5.0% | S100Z0OS |
| Ordinary income | 11,157 | 5.1% | S100Z0OS |
| Pretax income | 11,153 | 5.1% | S100Z0OS |
| Income tax | 3,277 | 1.5% | S100Z0OS |
| Net income | 7,875 | 3.6% | S100Z0OS |
| Net income attributable to owners | 7,875 | 3.6% | S100Z0OS |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 80 |
| SG&A | 15 |
| Operating income | 5 |
| (Ref.) Net income | 4 |

### Margin funnel

Gross margin 20.4% → Operating margin 5.0% → Net margin 3.6%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +9.9%; Core profit growth: +13.7%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.39×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Jun 2025 → FY ending Jun 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 200,786 | 220,638 | 19,852 | +9.9% |
| Gross profit | 40,889 | 44,923 | 4,034 | +9.9% |
| Operating income | 9,658 | 10,985 | 1,327 | +13.7% |
| Net income attributable to owners | 7,066 | 7,875 | 809 | +11.4% |
| Operating cash flow | 12,597 | 16,975 | 4,378 | +34.8% |
| Free cash flow | -2,510 | -3,168 | -658 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jun 2020 | 123,603 | 4,342 | 3.5% | 2,755 | 7,411 | -3,595 | S100MDON |
| FY ending Jun 2021 | 142,376 | 6,295 | 4.4% | 4,832 | 12,075 | 3,121 | S100P5B7 |
| FY ending Jun 2022 | 154,639 | 5,675 | 3.7% | 4,420 | 6,076 | -4,430 | S100RVFJ |
| FY ending Jun 2023 | 169,059 | 6,709 | 4.0% | 4,764 | 8,773 | -1,155 | S100UCX9 |
| FY ending Jun 2024 | 184,860 | 9,015 | 4.9% | 6,324 | 13,256 | 2,815 | S100WNXO |
| FY ending Jun 2025 | 200,786 | 9,658 | 4.8% | 7,066 | 12,597 | -2,510 | S100Z0OS |
| FY ending Jun 2026 | 220,638 | 10,985 | 5.0% | 7,875 | 16,975 | -3,168 | S100Z0OS |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥111.8M |
| Operating income per employee (consolidated) | ¥5.6M |
| Net income per employee (consolidated) | ¥4M |

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

| History | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 1,710 | 1,753 | 1,661 | 1,841 | 1,973 |
| Average salary (parent company) | — | — | — | — | — |
| Average age (parent company) | — | — | — | — | — |
| Average tenure (parent company) | — | — | — | — | — |

Year over year: Employees (consolidated) +7.2% · Revenue (consolidated) +9.9%

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Jun 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 16,975 | 7.7% | S100Z0OS |
| Capital expenditure | 20,143 | 9.1% | S100Z0OS |
| Free cash flow | -3,168 | -1.4% | 算出 |
| Investing cash flow | -20,278 | -9.2% | S100Z0OS |
| Financing cash flow | 4,947 | 2.2% | S100Z0OS |
| Dividends paid | 395 | 0.2% | S100Z0OS |
| Share buyback | 0 | 0.0% | S100Z0OS |
| Change in cash | 1,644 | 0.7% | S100Z0OS |
| Cash and equivalents | 7,866 | 3.6% | S100Z0OS |

## 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 Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 5,438 | 5,329 | 5,896 | 6,221 | 7,866 | S100UCX9, S100WNXO, S100Z0OS |
| Total assets | 97,118 | 105,912 | 113,939 | 127,326 | 145,598 | S100RVFJ, S100UCX9, S100WNXO, S100Z0OS |
| Net assets | 36,233 | 40,681 | 46,681 | 53,428 | 61,373 | S100UCX9, S100WNXO, S100Z0OS |
| Share capital | 1,008 | 1,010 | 1,024 | 1,035 | 1,085 | S100RVFJ, S100UCX9, S100WNXO, S100Z0OS |
| Property, plant and equipment | 59,260 | 65,104 | 69,936 | 79,203 | 91,869 | S100RVFJ, S100UCX9, S100WNXO, S100Z0OS |
| Intangible assets excluding goodwill | 374 | 363 | 378 | 307 | 266 | S100RVFJ, S100UCX9, S100WNXO, S100Z0OS |
| Investment securities | 28 | 73 | 66 | 62 | 90 | S100RVFJ, S100UCX9, S100WNXO, S100Z0OS |
| Current assets | 31,514 | 34,413 | 37,334 | 41,210 | 46,121 | S100RVFJ, S100UCX9, S100WNXO, S100Z0OS |
| Current liabilities | 37,647 | 40,116 | 40,846 | 43,812 | 49,709 | S100RVFJ, S100UCX9, S100WNXO, S100Z0OS |
| Long-term borrowings | 20,754 | 20,946 | 22,408 | 25,817 | 30,020 | S100RVFJ, S100UCX9, S100WNXO, S100Z0OS |
| Total liabilities | 60,884 | 65,231 | 67,257 | 73,897 | 84,224 | S100RVFJ, S100UCX9, S100WNXO, S100Z0OS |
| Equity attributable to owners of parent | 36,174 | 40,564 | 46,536 | 53,230 | 61,144 | S100RVFJ, S100UCX9, S100WNXO, S100Z0OS |
| Retained earnings | 29,531 | 33,917 | 39,862 | 46,534 | 54,013 | S100RVFJ, S100UCX9, S100WNXO, S100Z0OS |
| Treasury stock | -789 | -789 | -790 | -790 | -699 | S100RVFJ, S100UCX9, S100WNXO, S100Z0OS |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 6% | S100Z0OS |
| Property, plant and equipment | 63% | S100Z0OS |
| Intangibles and goodwill | 0% | S100Z0OS |
| Investment securities | 0% | S100Z0OS |
| Other assets | 31% | S100Z0OS |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 58% | S100Z0OS |
| Equity | 42% | S100Z0OS |
| Other liabilities | 0% | S100Z0OS |

### Balance sheet history

| Metric | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 97,118 | 105,912 | 113,939 | 127,326 | 145,598 |
| Equity | 36,233 | 40,681 | 46,681 | 53,428 | 61,373 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 5,438 | 5,329 | 5,896 | 6,221 | 7,866 |

## 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) | 41.6% | S100Z0OS |
| Fixed assets ÷ total assets | 63.1% | S100Z0OS |
| Goodwill ÷ parent equity | — | —, S100Z0OS |

### 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) | 5.4% |
| Cash ÷ revenue | 3.6% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 154.5% |
| Cash vs. profit gap | 9,100 JPY mn (of net income 115.6%) |
| Shareholder returns / net income | 5.0% |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 5.0% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 9.1% |
| Investing CF relative to operating CF | 119.5% |

## 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 | 2.9% | 1.59× | 4.6% | 2.68× | 12.2% | S100RVFJ |
| 2023 | 2.8% | 1.67× | 4.7% | 2.65× | 12.4% | S100UCX9 |
| 2024 | 3.4% | 1.68× | 5.8% | 2.52× | 14.5% | S100WNXO |
| 2025 | 3.5% | 1.66× | 5.9% | 2.42× | 14.2% | S100Z0OS |
| 2026 | 3.6% | 1.62× | 5.8% | 2.39× | 13.8% | S100Z0OS |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| フジナガインターナショナルキャピタルズ有限会社 | Major shareholder | 38.0% | 2026-06-20 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 8.3% | 2026-06-20 |
| ＢＢＨ ＦＯＲ ＦＩＤＥＬＩＴＹ ＬＯＷ－ＰＲＩＣＥＤ ＳＴＯＣＫ ＦＵＮＤ（常任代理人株式会社三菱ＵＦＪ銀行） | Major shareholder | 5.7% | 2026-06-20 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 4.7% | 2026-06-20 |
| 株式会社エル・ローズ | Major shareholder | 4.6% | 2026-06-20 |
| ＣＥＰ ＬＵＸ－ＯＲＢＩＳ ＳＩＣＡＶ（常任代理人シティバンク、エヌ・エイ東京支店） | Major shareholder | 3.2% | 2026-06-20 |
| 藤永賢一 | Major shareholder | 1.6% | 2026-06-20 |
| 藤永ひとみ | Major shareholder | 1.4% | 2026-06-20 |
| ゲンキー従業員持株会 | Major shareholder | 1.3% | 2026-06-20 |
| ＢＢＨ ＦＯＲ ＦＩＤＥＬＩＴＹ ＴＲＵＳＴ ＥＭＰＬＯＹＥＥ ＢＥＮＥＦＩＴ ＰＬＡＮＳ ＬＯＷ ＰＲＩＣＥＤ ＳＴＯＣＫ ＰＯＯＬ（常任代理人株式会社三菱ＵＦＪ銀行） | Major shareholder | 1.2% | 2026-06-20 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第9期(2025/06/21－2026/06/20) | S100Z0OS | 2026-09-09 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z0OS,, |
| 有価証券報告書－第8期(2024/06/21－2025/06/20) | S100WNXO | 2025-09-10 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WNXO,, |
| 有価証券報告書－第7期(2023/06/21－2024/06/20) | S100UCX9 | 2024-09-13 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UCX9,, |
| 有価証券報告書－第6期(2022/06/21－2023/06/20) | S100RVFJ | 2023-09-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RVFJ,, |
| 有価証券報告書－第5期(令和3年6月21日－令和4年6月20日) | S100P5B7 | 2022-09-12 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100P5B7,, |
| 有価証券報告書－第4期(令和2年6月21日－令和3年6月20日) | S100MDON | 2021-09-06 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MDON,, |

## 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).