# HOSOKAWA  MICRON  CORPORATION: business model and financials

> Latest period: FY ending Sep 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第81期(2024/10/01－2025/09/30) (S100XB4O)
> Page: https://vizora.meequs.com/en/company/hosokawa-micron
> Retrieved: 2026-09-30T23:26:58.642Z

## Company

Hosokawa Micron, founded in 2005, is a company in Industrial Machinery listed on TSE Prime. It has 1,957 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | HOSOKAWA MICRON CORPORATION |
| Ticker | 6277 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6277.T) |
| Listing | TSE Prime |
| Head office | 大阪府枚方市招提田近1丁目9番地 |
| Representative (per filing) | 代表取締役社長 社長執行役員 細川晃平 |
| Founded | Aug 2005 |
| Share capital | ¥14.5B |
| Employees (consolidated) | 1,957 |
| Average salary (parent only) | ¥7.4M |
| Fiscal year end | September |
| Website | www.hosokawamicron.co.jp (https://www.hosokawamicron.co.jp/) |
| Corporate number | 2120001151786 |
| EDINET | E01676 |
| Industries (Vizora) | Industrial Machinery |

> Profile source: annual securities report (S100XB4O, filed 2025-12-19). As of filing

## Five-axis industry profile

Primary industry: Industrial Machinery (2025-09-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 57.7 | 110 |
| Profitability | 60.2 | 122 |
| Cash conversion | 57.3 | 116 |
| Efficiency | 60.2 | 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 75% of Hosokawa Micron's sales come from Powder related, with Plastic film related making up much of the rest.
- Out of every ¥100 of sales, about ¥9 is left as operating profit.
- Revenue changed -8.7% from the prior year, operating profit -14.8%.

## Company structure

- Segment revenue mix: Powder related 75.2%、Plastic film related 24.8%
- Revenue → net income: ¥77994000000 → ¥4527000000
- Net income → operating cash flow: ¥4527000000 → ¥9499000000（difference ¥4972000000）
- Main uses of operating cash flow: CapEx ¥3534000000 / dividends ¥1930000000 / buybacks ¥1000000000
- Change in cash: ¥4088000000
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 | ¥78B |  |
| Operating income | ¥7.05B | Margin 9.0% |
| Net income | ¥4.53B | Margin 5.8% |
| Free cash flow | ¥5.96B |  |
| Largest business | Powder related | of segment revenue 75.2% |
| Employees (consolidated) | 1,957 |  |
| EPS | ¥249.2 |  |
| Diluted EPS | ¥249.03 |  |
| Book value per share | ¥1851.92 |  |
| Equity ratio | 65.4% |  |
| Shares outstanding | 15,730,000 |  |
| Treasury shares | 1,049,900 |  |
| Shareholders | 5,907 |  |
| Average salary (parent only) | ¥7.4M | Filing company only |
| Cash ratio | 30.3% | Cash ÷ revenue 39.9% |
| Vs. industry median margin | +1.5 pp | Industrial Machinery |
| ROE | 7.8% | Derived from disclosed figures |
| ROA | 4.5% | Derived from disclosed figures |

## Notable figures

- FY2025, operating cash flow is 2.1× net income
- FY2025, one segment accounts for 75% of positive segment profit
- FY2025, cash is 30% of total assets

## What changed in 5 years

| Metric | FY ending Sep 2020 | FY ending Sep 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥53497000000 | ¥77994000000 | +45.8% |
| Operating income | ¥4791000000 | ¥7051000000 | +47.2% |
| Operating margin | 9.0% | 9.0% | +0.1 pp |
| Employees | 1,772 people | 1,957 people | +10.4% |
| Cash and equivalents | ¥17310000000 | ¥31084000000 | +79.6% |

### Change in segment revenue mix

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

| Flow | Revenue share |
| --- | ---: |
| 粉体関連事業 → 粉体関連事業 | 75.2% |
| 粉体関連事業 → 事業再編・廃止 | 0.3% |
| プラスチック薄膜関連事業 → プラスチック薄膜関連事業 | 24.5% |
| 新設・再編 → プラスチック薄膜関連事業 | 0.3% |

Segment revenue source references: 4 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 77,994 | 100.0% | S100XB4O |
| Cost of revenue | 50,638 | 64.9% | S100XB4O |
| Gross profit | 27,355 | 35.1% | S100XB4O |
| SG&A | 20,304 | 26.0% | S100XB4O |
| Operating income | 7,051 | 9.0% | S100XB4O |
| Ordinary income | 7,715 | 9.9% | S100XB4O |
| Pretax income | 6,851 | 8.8% | S100XB4O |
| Income tax | 2,323 | 3.0% | S100XB4O |
| Net income | 4,527 | 5.8% | S100XB4O |
| Net income attributable to owners | 4,527 | 5.8% | S100XB4O |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 65 |
| SG&A | 26 |
| Operating income | 9 |
| (Ref.) Net income | 6 |

### Margin funnel

Gross margin 35.1% → Operating margin 9.0% → Net margin 5.8%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit down
Revenue growth: -8.7%; Core profit growth: -14.8%
Operating leverage (core profit growth ÷ revenue growth): 1.70×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 85,432 | 77,994 | -7,438 | -8.7% |
| Gross profit | 29,947 | 27,355 | -2,592 | -8.7% |
| Operating income | 8,279 | 7,051 | -1,228 | -14.8% |
| Net income attributable to owners | 5,580 | 4,527 | -1,053 | -18.9% |
| Operating cash flow | 7,305 | 9,499 | 2,194 | +30.0% |
| Free cash flow | 3,485 | 5,965 | 2,480 | +71.2% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Sep 2019 | 55,381 | 5,918 | 10.7% | 4,182 | 3,191 | 849 | S100KDTD |
| FY ending Sep 2020 | 53,497 | 4,791 | 9.0% | 3,317 | 3,990 | -259 | S100N2B5 |
| FY ending Sep 2021 | 60,754 | 6,370 | 10.5% | 4,699 | 6,087 | 3,320 | S100RQOJ |
| FY ending Sep 2022 | 66,916 | 5,513 | 8.2% | 4,007 | 8,135 | 6,440 | S100SGUC |
| FY ending Sep 2023 | 79,531 | 7,961 | 10.0% | 5,968 | 5,946 | 2,584 | S100UYKD |
| FY ending Sep 2024 | 85,432 | 8,279 | 9.7% | 5,580 | 7,305 | 3,485 | S100XB4O |
| FY ending Sep 2025 | 77,994 | 7,051 | 9.0% | 4,527 | 9,499 | 5,965 | S100XB4O |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥39.9M |
| Operating income per employee (consolidated) | ¥3.6M |
| Net income per employee (consolidated) | ¥2.3M |

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

| History | FY ending Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 1,808 | 1,870 | 1,939 | 1,964 | 1,957 |
| Average salary (parent company) | ¥6.8M | ¥7M | ¥6.7M | ¥7.3M | ¥7.4M |
| Average age (parent company) | 42.6 years | 43.5 years | 43.4 years | 43.1 years | 42.6 years |
| Average tenure (parent company) | 18.8 years | 19.5 years | 19.4 years | 19.0 years | 18.1 years |

Year over year: Employees (consolidated) -0.4% · Revenue (consolidated) -8.7%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Powder related | 58,617 | 75.2% | 6,456 | 11.0% |
| Plastic film related | 19,377 | 24.8% | 2,122 | 11.0% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Powder related | 75.2% | 75.3% | 0.1 | 11.0% |
| Plastic film related | 24.8% | 24.7% | -0.1 | 11.0% |

Segment → industry: Plastic film related → Industrial Machinery / Powder related → Industrial Machinery

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 9,499 | 12.2% | S100XB4O |
| Capital expenditure | 3,534 | 4.5% | S100XB4O |
| Free cash flow | 5,965 | 7.6% | 算出 |
| Investing cash flow | -3,680 | -4.7% | S100XB4O |
| Financing cash flow | -3,343 | -4.3% | S100XB4O |
| Dividends paid | 1,930 | 2.5% | S100XB4O |
| Share buyback | 1,000 | 1.3% | S100XB4O |
| Change in cash | 4,088 | 5.2% | S100XB4O |
| Cash and equivalents | 31,084 | 39.9% | S100XB4O |

## 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 Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 19,812 | 26,480 | 25,689 | 26,995 | 31,084 | S100SGUC, S100UYKD, S100XB4O |
| Total assets | 73,119 | 86,046 | 97,029 | 98,071 | 102,734 | S100RQOJ, S100SGUC, S100UYKD, S100XB4O |
| Net assets | 45,939 | 53,758 | 58,903 | 61,623 | 67,219 | S100SGUC, S100UYKD, S100XB4O |
| Share capital | 14,496 | 14,496 | 14,496 | 14,496 | 14,496 | S100RQOJ, S100SGUC, S100UYKD, S100XB4O |
| Trade receivables | 16,480 | — | — | — | — | S100RQOJ |
| Property, plant and equipment | 22,901 | 24,031 | 27,706 | 29,075 | 31,087 | S100RQOJ, S100SGUC, S100UYKD, S100XB4O |
| Intangible assets excluding goodwill | 734 | 998 | 1,323 | 798 | 756 | S100RQOJ, S100SGUC, S100UYKD, S100XB4O |
| Goodwill | 172 | 158 | 151 | 128 | 113 | S100RQOJ, S100SGUC, S100UYKD, S100XB4O |
| Investment securities | 1,516 | 1,562 | 2,437 | 2,655 | 2,947 | S100RQOJ, S100SGUC, S100UYKD, S100XB4O |
| Current assets | 47,189 | 58,495 | 64,626 | 64,608 | 67,013 | S100RQOJ, S100SGUC, S100UYKD, S100XB4O |
| Current liabilities | 21,562 | 27,235 | 31,431 | 29,669 | 28,920 | S100RQOJ, S100SGUC, S100UYKD, S100XB4O |
| Trade payables | 8,144 | 7,824 | 9,441 | 8,706 | 7,168 | S100RQOJ, S100SGUC, S100UYKD, S100XB4O |
| Long-term borrowings | 1,310 | 792 | 1,610 | 1,286 | 1,127 | S100RQOJ, S100SGUC, S100UYKD, S100XB4O |
| Total liabilities | 27,180 | 32,287 | 38,125 | 36,447 | 35,514 | S100RQOJ, S100SGUC, S100UYKD, S100XB4O |
| Non-controlling interests | 4 | — | — | — | — | S100RQOJ |
| Equity attributable to owners of parent | 49,796 | 52,624 | 53,836 | 56,967 | 58,654 | S100RQOJ, S100SGUC, S100UYKD, S100XB4O |
| Retained earnings | 32,528 | 35,320 | 38,055 | 42,128 | 44,726 | S100RQOJ, S100SGUC, S100UYKD, S100XB4O |
| Treasury stock | -2,350 | -2,402 | -1,922 | -2,877 | -3,773 | S100RQOJ, S100SGUC, S100UYKD, S100XB4O |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 30% | S100XB4O |
| Property, plant and equipment | 30% | S100XB4O |
| Intangibles and goodwill | 1% | S100XB4O |
| Investment securities | 3% | S100XB4O |
| Other assets | 36% | S100XB4O |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 7% | S100XB4O |
| Other liabilities | 28% | S100XB4O |
| Equity | 65% | S100XB4O |
| Other liabilities | 0% | S100XB4O |

### Balance sheet history

| Metric | FY ending Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 73,119 | 86,046 | 97,029 | 98,071 | 102,734 |
| Equity | 45,939 | 53,758 | 58,903 | 61,623 | 67,219 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 19,812 | 26,480 | 25,689 | 26,995 | 31,084 |

## 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) | 39.9% | S100XB4O |
| Fixed assets ÷ total assets | 30.3% | S100XB4O |
| Goodwill ÷ parent equity | 0.2% | S100XB4O |

Goodwill over 4 years: 172 → 113 JPY; total investing cash flow: -15,415 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) | 30.3% |
| Cash ÷ revenue | 39.9% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 134.7% |
| Cash vs. profit gap | 4,972 JPY mn (of net income 109.8%) |
| Shareholder returns / net income | 64.7% |
| Shareholder returns / FCF | 49.1% |
| Shareholder payments — dividends / net income | 42.6% |
| Shareholder payments — dividends / FCF | 32.4% |
| CapEx intensity (capex ÷ revenue) | 4.5% |
| Investing CF relative to operating CF | 38.7% |

## 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 | 7.7% | 0.83× | 6.4% | 1.47× | 9.4% | S100RQOJ |
| 2022 | 6.0% | 0.84× | 5.0% | 1.55× | 7.8% | S100SGUC |
| 2023 | 7.5% | 0.87× | 6.5% | 1.72× | 11.2% | S100UYKD |
| 2024 | 6.5% | 0.88× | 5.7% | 1.76× | 10.1% | S100XB4O |
| 2025 | 5.8% | 0.78× | 4.5% | 1.74× | 7.8% | S100XB4O |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行株式会社(信託口) | Major shareholder | 11.9% | 2025-09-30 |
| THE BANK OF NEW YORK MELLON140042(常任代理人 株式会社みずほ銀行) | Major shareholder | 4.0% | 2025-09-30 |
| 株式会社三井住友銀行 | Major shareholder | 3.8% | 2025-09-30 |
| 東豊産業株式会社 | Major shareholder | 3.7% | 2025-09-30 |
| 株式会社日本カストディ銀行(信託口) | Major shareholder | 3.5% | 2025-09-30 |
| 株式会社京都銀行 | Major shareholder | 2.7% | 2025-09-30 |
| ACION JAPAN ENGAGEMENT MASTER FUND 140183 (常任代理人 株式会社みずほ銀行) | Major shareholder | 2.7% | 2025-09-30 |
| ホソカワミクロン取引先持株会 | Major shareholder | 2.5% | 2025-09-30 |
| JP MORGAN CHASE BANK 380684(常任代理人 株式会社みずほ銀行) | Major shareholder | 2.3% | 2025-09-30 |
| STATE STREET BANK AND TRUST COMPANY 505301(常任代理人 株式会社みずほ銀行) | Major shareholder | 2.2% | 2025-09-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第81期(2024/10/01－2025/09/30) | S100XB4O | 2025-12-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XB4O,, |
| 有価証券報告書－第80期(2023/10/01－2024/09/30) | S100UYKD | 2024-12-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UYKD,, |
| 有価証券報告書－第79期(2022/10/01－2023/09/30) | S100SGUC | 2023-12-15 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100SGUC,, |
| 訂正有価証券報告書－第78期(2021/10/01－2022/09/30) | S100RQOJ | 2023-08-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RQOJ,, |
| 有価証券報告書－第77期(令和2年10月1日－令和3年9月30日) | S100N2B5 | 2021-12-17 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100N2B5,, |
| 有価証券報告書－第76期(令和1年10月1日－令和2年9月30日) | S100KDTD | 2020-12-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100KDTD,, |

## 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).