# HURXLEY HOLDINGS CORPORATION: 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) (S100YF3L)
> Page: https://vizora.meequs.com/en/company/hurxley-holdings
> Retrieved: 2026-09-30T20:34:07.402Z

## Company

Hurxley Holdings, founded in 2021, is a company in Processed Foods listed on TSE Standard. It has 753 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | HURXLEY CORPORATION |
| Ticker | 7561 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7561.T) |
| Listing | TSE Standard |
| Head office | 大阪市北区鶴野町3番10号 |
| Representative (per filing) | 代表取締役会長兼社長 青木 達也 |
| Founded | Oct 2021 |
| Share capital | ¥4.04B |
| Employees (consolidated) | 753 |
| Average salary (parent only) | ¥7.2M |
| Fiscal year end | March |
| Website | www.hurxley.co.jp (https://www.hurxley.co.jp/) |
| Corporate number | 4120001036085 |
| EDINET | E03294 |
| Industries (Vizora) | Processed Foods, Real Estate Development & Leasing, Takeout & Delivery Meals, Trucking & Parcel Delivery |

> Profile source: annual securities report (S100YF3L, filed 2026-06-19). As of filing

## Five-axis industry profile

Primary industry: Trucking & Parcel Delivery (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 88.1 | 21 |
| Profitability | 65.9 | 22 |
| Cash conversion | 65.9 | 22 |
| Efficiency | 25 | 22 |
| Financial strength | 25 | 6 |

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 41% of Hurxley Holdings's sales come from Logistics Food processing business, with Takeout lunch business and Store asset and solution business making up much of the rest.
- Out of every ¥100 of sales, about ¥6 is left as operating profit.
- Revenue changed +16.1% from the prior year, operating profit +58.3%.

## Company structure

- Segment revenue mix: Logistics Food processing business 40.9%、Takeout lunch business 30.9%、Store asset and solution business 26.2%、Other 2.1%
- Revenue → net income: ¥52427000000 → ¥1516000000
- Net income → operating cash flow: ¥1516000000 → ¥5647000000（difference ¥4131000000）
- Main uses of operating cash flow: CapEx ¥1916000000 / dividends ¥499000000 / buybacks —
- Change in cash: ¥433000000
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 | ¥52.4B |  |
| Operating income | ¥3.06B | Margin 5.8% |
| Net income | ¥1.48B | Margin 2.8% |
| Free cash flow | ¥3.73B |  |
| Largest business | Logistics Food processing business | of segment revenue 40.9% |
| Employees (consolidated) | 753 |  |
| EPS | ¥34.96 |  |
| Book value per share | ¥614.96 |  |
| Equity ratio | 35.7% |  |
| Shares outstanding | 19,050,000 |  |
| Treasury shares | 590,100 |  |
| Shareholders | 8,980 |  |
| Average salary (parent only) | ¥7.2M | Filing company only |
| Cash ratio | 17.2% | Net cash -¥15.9B · Cash ÷ revenue 23.6% |
| Vs. industry median margin | +1.8 pp | Processed Foods |
| ROE | 5.9% | Derived from disclosed figures |
| ROA | 2.0% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 3.8× net income
- FY2026, segment profit share differs by -24 points

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥27593000000 | ¥52427000000 | +90.0% |
| Operating income | ¥498000000 | ¥3057000000 | +513.9% |
| Operating margin | 1.8% | 5.8% | +4 pp |
| Employees | 427 people | 753 people | +76.3% |
| Cash and equivalents | ¥5108000000 | ¥12369000000 | +142.1% |

### 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 |
| --- | ---: |
| 持ち帰り弁当事業 → 事業再編・廃止 | 58.7% |
| 店舗委託事業 → 事業再編・廃止 | 26.4% |
| 店舗管理事業 → 事業再編・廃止 | 2.6% |
| 物流・食品加工事業 → 物流・食品加工事業 | 8.5% |
| その他 → その他 | 2.1% |
| その他 → 事業再編・廃止 | 1.1% |
| 仕出料理事業 → 事業再編・廃止 | 0.5% |
| 新設・再編 → 中食事業 | 30.9% |
| 新設・再編 → 店舗アセット＆ソリューション事業 | 26.2% |
| 新設・再編 → 物流・食品加工事業 | 32.4% |

Segment revenue source references: 10 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Logistics Food processing business | 5 years | +56.3% | ¥21890000000 | 3.8% | 2 |
| Takeout lunch business | 2 years | -0.8% | ¥16533000000 | 1.9% | 2 |
| Store asset and solution business | 4 years | -0.6% | ¥14003000000 | 15.9% | 2 |
| Other | 5 years | +4.6% | ¥1108000000 | 100.0% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 52,427 | 100.0% | S100YF3L |
| Cost of revenue | 35,672 | 68.0% | S100YF3L |
| Gross profit | 16,754 | 32.0% | S100YF3L |
| SG&A | 13,697 | 26.1% | S100YF3L |
| Operating income | 3,057 | 5.8% | S100YF3L |
| Ordinary income | 3,003 | 5.7% | S100YF3L |
| Pretax income | 2,808 | 5.4% | S100YF3L |
| Income tax | 1,292 | 2.5% | S100YF3L |
| Net income | 1,516 | 2.9% | S100YF3L |
| Net income attributable to owners | 1,483 | 2.8% | S100YF3L |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 68 |
| SG&A | 26 |
| Operating income | 6 |
| (Ref.) Net income | 3 |

### Margin funnel

Gross margin 32.0% → Operating margin 5.8% → Net margin 2.8%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +16.1%; Core profit growth: +58.3%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 3.63×
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 | 45,175 | 52,427 | 7,252 | +16.1% |
| Gross profit | 14,491 | 16,754 | 2,263 | +15.6% |
| Operating income | 1,931 | 3,057 | 1,126 | +58.3% |
| Net income attributable to owners | 1,204 | 1,483 | 279 | +23.2% |
| Operating cash flow | 175 | 5,647 | 5,472 | +3126.9% |
| Free cash flow | -3,609 | 3,731 | 7,340 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 47,382 | 944 | 2.0% | 1,276 | 1,697 | -350 | S100LLIP |
| FY ending Mar 2021 | 27,593 | 498 | 1.8% | 81 | -2,149 | -5,348 | S100OD06 |
| FY ending Mar 2022 | 31,722 | 1,095 | 3.5% | 978 | 2,717 | -1,928 | S100TAYE |
| FY ending Mar 2023 | 35,613 | 1,460 | 4.1% | 1,047 | 1,675 | -3,933 | S100TPU9 |
| FY ending Mar 2024 | 46,761 | 2,436 | 5.2% | 1,601 | 7,008 | 209 | S100VWK8 |
| FY ending Mar 2025 | 45,175 | 1,931 | 4.3% | 1,204 | 175 | -3,609 | S100YF3L |
| FY ending Mar 2026 | 52,427 | 3,057 | 5.8% | 1,483 | 5,647 | 3,731 | S100YF3L |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥69.6M |
| Operating income per employee (consolidated) | ¥4.1M |
| Net income per employee (consolidated) | ¥2M |

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) | 467 | 614 | 646 | 734 | 753 |
| Average salary (parent company) | ¥6.4M | ¥6.7M | ¥7.6M | ¥8.2M | ¥7.2M |
| Average age (parent company) | 50.9 years | 48.4 years | 50.9 years | 51.6 years | 50.0 years |
| Average tenure (parent company) | 13.7 years | 9.5 years | 7.1 years | 7.3 years | 6.8 years |

Year over year: Employees (consolidated) +2.6% · Revenue (consolidated) +16.1%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Takeout lunch business | 16,533 | 30.9% | 320 | 1.9% |
| Store asset and solution business | 14,003 | 26.2% | 2,228 | 15.9% |
| Logistics Food processing business | 21,890 | 40.9% | 835 | 3.8% |
| Other | 1,108 | 2.1% | 1,108 | 100.0% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Takeout lunch business | 30.9% | 7.1% | -23.8 | 1.9% |
| Store asset and solution business | 26.2% | 49.6% | 23.5 | 15.9% |
| Logistics Food processing business | 40.9% | 18.6% | -22.3 | 3.8% |
| Other | 2.1% | 24.7% | 22.6 | 100.0% |

Segment → industry: Logistics Food processing business → Processed Foods / Store asset and solution business → Real Estate Development & Leasing / Takeout lunch business → Takeout & Delivery Meals / Logistics Food processing business → Trucking & Parcel Delivery

## 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 | 5,647 | 10.8% | S100YF3L |
| Capital expenditure | 1,916 | 3.7% | S100YF3L |
| Free cash flow | 3,731 | 7.1% | 算出 |
| Investing cash flow | -865 | -1.6% | S100YF3L |
| Financing cash flow | -4,342 | -8.3% | S100YF3L |
| Dividends paid | 499 | 1.0% | S100YF3L |
| Change in cash | 433 | 0.8% | S100YF3L |
| Cash and equivalents | 12,369 | 23.6% | S100YF3L |

## 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 | 11,440 | 11,374 | 14,210 | 11,936 | 12,369 | S100TPU9, S100VWK8, S100YF3L |
| Total assets | 48,164 | 58,514 | 64,398 | 73,427 | 71,815 | S100TAYE, S100TPU9, S100VWK8, S100YF3L |
| Net assets | 21,621 | 22,562 | 24,155 | 24,662 | 25,812 | S100TPU9, S100VWK8, S100YF3L |
| Share capital | 4,036 | 4,036 | 4,036 | 4,036 | 4,036 | S100TAYE, S100TPU9, S100VWK8, S100YF3L |
| Property, plant and equipment | 15,707 | 21,432 | 23,047 | 24,879 | 25,086 | S100TAYE, S100TPU9, S100VWK8, S100YF3L |
| Intangible assets excluding goodwill | 3,961 | 4,360 | 4,172 | 10,174 | 9,654 | S100TAYE, S100TPU9, S100VWK8, S100YF3L |
| Goodwill | 290 | 662 | 490 | 6,470 | 5,995 | S100TAYE, S100TPU9, S100VWK8, S100YF3L |
| Investment securities | 3,315 | 3,721 | 4,190 | 3,244 | 2,465 | S100TAYE, S100TPU9, S100VWK8, S100YF3L |
| Current assets | 19,632 | 23,512 | 27,668 | 29,557 | 28,756 | S100TAYE, S100TPU9, S100VWK8, S100YF3L |
| Current liabilities | 8,564 | 11,939 | 15,606 | 16,886 | 15,516 | S100TAYE, S100TPU9, S100VWK8, S100YF3L |
| Short-term borrowings | 2,450 | 3,507 | 1,965 | 4,233 | 3,015 | S100TAYE, S100TPU9, S100VWK8, S100YF3L |
| Long-term borrowings | 12,832 | 18,693 | 19,507 | 26,484 | 25,225 | S100TAYE, S100TPU9, S100VWK8, S100YF3L |
| Bonds | 10 | 65 | 58 | 37 | 23 | S100TAYE, S100TPU9, S100VWK8, S100YF3L |
| Interest-bearing debt | 15,292 | 22,265 | 21,530 | 30,754 | 28,263 | 算出 |
| Total liabilities | 26,542 | 35,952 | 40,243 | 48,765 | 46,002 | S100TAYE, S100TPU9, S100VWK8, S100YF3L |
| Non-controlling interests | — | — | — | 6 | 165 | S100YF3L |
| Equity attributable to owners of parent | 21,714 | 22,467 | 23,779 | 24,475 | 25,464 | S100TAYE, S100TPU9, S100VWK8, S100YF3L |
| Retained earnings | 16,207 | 16,960 | 18,229 | 18,916 | 19,900 | S100TAYE, S100TPU9, S100VWK8, S100YF3L |
| Treasury stock | -2,501 | -2,501 | -391 | -380 | -380 | S100TAYE, S100TPU9, S100VWK8, S100YF3L |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 17% | S100YF3L |
| Property, plant and equipment | 35% | S100YF3L |
| Intangibles and goodwill | 22% | S100YF3L |
| Investment securities | 3% | S100YF3L |
| Other assets | 23% | S100YF3L |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Interest-bearing debt | 39% | 算出 |
| Other liabilities | 25% | S100YF3L |
| Equity | 36% | S100YF3L |
| Other liabilities | 0% | S100YF3L |

### 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 | 48,164 | 58,514 | 64,398 | 73,427 | 71,815 |
| Equity | 21,621 | 22,562 | 24,155 | 24,662 | 25,812 |
| Interest-bearing debt | 15,292 | 22,265 | 21,530 | 30,754 | 28,263 |
| Cash | 11,440 | 11,374 | 14,210 | 11,936 | 12,369 |

## 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) | 47.8% | S100YF3L |
| Fixed assets ÷ total assets | 34.9% | S100YF3L |
| Goodwill ÷ parent equity | 23.5% | S100YF3L |

Goodwill over 4 years: 290 → 5,995 JPY; total investing cash flow: -27,182 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) | 17.2% |
| Cash ÷ revenue | 23.6% |
| Net cash (cash − interest-bearing debt) | -¥15.9B |
| Net debt ÷ operating cash flow | 2.81× |
| Cash conversion (operating CF ÷ operating income) | 184.7% |
| Cash vs. profit gap | 4,164 JPY mn (of net income 280.8%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 33.6% |
| Shareholder payments — dividends / FCF | 13.4% |
| CapEx intensity (capex ÷ revenue) | 3.7% |
| Investing CF relative to operating CF | 15.3% |

## 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 | 3.1% | 0.66× | 2.0% | 2.22× | 4.5% | S100TAYE |
| 2023 | 2.9% | 0.67× | 2.0% | 2.41× | 4.7% | S100TPU9 |
| 2024 | 3.4% | 0.76× | 2.6% | 2.66× | 6.9% | S100VWK8 |
| 2025 | 2.7% | 0.66× | 1.7% | 2.86× | 5.0% | S100YF3L |
| 2026 | 2.8% | 0.72× | 2.0% | 2.91× | 5.9% | S100YF3L |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社ライラック | Major shareholder | 43.4% | 2026-03-31 |
| 株式会社麻生 | Major shareholder | 10.4% | 2026-03-31 |
| 株式会社こやの | Major shareholder | 5.1% | 2026-03-31 |
| 青木 達也 | Major shareholder | 2.2% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 1.5% | 2026-03-31 |
| 株式会社ACE PROCESS PROPERTY | Major shareholder | 1.4% | 2026-03-31 |
| ハークスレイ取引先持株会 | Major shareholder | 1.1% | 2026-03-31 |
| 大和証券株式会社 | Major shareholder | 1.0% | 2026-03-31 |
| RE FUND 107－CLIENT AC （常任代理人：シティバンク、エヌ・エイ東京支店） | Major shareholder | 0.7% | 2026-03-31 |
| 宝醤油株式会社 | Major shareholder | 0.5% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第48期(2025/04/01－2026/03/31) | S100YF3L | 2026-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YF3L,, |
| 有価証券報告書－第47期(2024/04/01－2025/03/31) | S100VWK8 | 2025-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VWK8,, |
| 有価証券報告書－第46期(2023/04/01－2024/03/31) | S100TPU9 | 2024-06-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TPU9,, |
| 訂正有価証券報告書－第45期(2022/04/01－2023/03/31) | S100TAYE | 2024-04-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TAYE,, |
| 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) | S100OD06 | 2022-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OD06,, |
| 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) | S100LLIP | 2021-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LLIP,, |

## 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).