# KIMURA 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76期(2025/04/01－2026/03/31) (S100YJ86)
> Page: https://vizora.meequs.com/en/company/kimura
> Retrieved: 2026-09-30T18:22:53.562Z

## Company

Kimura, founded in 1951, is a company in Leasing listed on TSE Standard. It has 791 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | KIMURA CO.,LTD. |
| Ticker | 7461 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7461.T) |
| Listing | TSE Standard |
| Head office | 札幌市東区北六条東四丁目1番地7 |
| Representative (per filing) | 代表取締役社長 木村 勇介 |
| Founded | Jan 1951 |
| Share capital | ¥793.4M |
| Employees (consolidated) | 791 |
| Average salary (parent only) | ¥4.8M |
| Fiscal year end | March |
| Website | www.kimuranet.jp (https://www.kimuranet.jp/) |
| Corporate number | 4430001023985 |
| EDINET | E02823 |
| Industries (Vizora) | Leasing, Real Estate Development & Leasing, Home Centers, General Contractors, Specialty Trading & Wholesale |

> Profile source: annual securities report (S100YJ86, filed 2026-06-25). As of filing

## Five-axis industry profile

Primary industry: Home Centers (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 68.8 | 8 |
| Profitability | 45 | 10 |
| Cash conversion | 45 | 10 |
| Efficiency | 65 | 10 |

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 65% of Kimura's sales come from Retails, with Wholesales and Real estates making up much of the rest.
- Out of every ¥100 of sales, about ¥3 is left as operating profit.
- Revenue changed +2.5% from the prior year, operating profit -45.2%.

## Company structure

- Segment revenue mix: Retails 64.9%、Wholesales 25.7%、Real estates 3.7%、Sash glass constructions 3.6%、Scaffold rentals 2.1%
- Revenue → net income: ¥37165333000 → ¥747491000
- Net income → operating cash flow: ¥747491000 → ¥1368654000（difference ¥621163000）
- Main uses of operating cash flow: CapEx ¥5324071000 / dividends ¥236198000 / buybacks ¥22000
- Change in cash: ¥1013215000
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 | ¥37.2B |  |
| Operating income | ¥1.07B | Margin 2.9% |
| Net income | ¥707.3M | Margin 1.9% |
| Free cash flow | -¥3.96B |  |
| Largest business | Retails | of segment revenue 64.9% |
| Employees (consolidated) | 791 |  |
| EPS | ¥39.07 |  |
| Book value per share | ¥763.67 |  |
| Equity ratio | 45.7% |  |
| Shares outstanding | 15,180,000 |  |
| Treasury shares | 347,300 |  |
| Shareholders | 1,218 |  |
| Average salary (parent only) | ¥4.8M | Filing company only |
| Cash ratio | 12.9% | Cash ÷ revenue 12.8% |
| Vs. industry median margin | -0.4 pp | Home Centers |
| ROE | 4.4% | Derived from disclosed figures |
| ROA | 2.1% | Derived from disclosed figures |

## Notable figures

- FY2026, segment profit share differs by -61 points

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥34052702000 | ¥37165333000 | +9.1% |
| Operating income | ¥2123494000 | ¥1067331000 | -49.7% |
| Operating margin | 6.2% | 2.9% | -3.4 pp |
| Employees | 680 people | 791 people | +16.3% |
| Cash and equivalents | ¥3123275000 | ¥4757603000 | +52.3% |

### 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 |
| --- | ---: |
| 卸売事業 → 卸売事業 | 25.7% |
| 卸売事業 → 事業再編・廃止 | 5.1% |
| 小売事業 → 小売事業 | 62.4% |
| 不動産事業 → 不動産事業 | 1.0% |
| 足場レンタル事業 → 足場レンタル事業 | 2.1% |
| サッシ・ガラス施工事業 → サッシ・ガラス施工事業 | 3.6% |
| サッシ・ガラス施工事業 → 事業再編・廃止 | 0.2% |
| 新設・再編 → 小売事業 | 2.6% |
| 新設・再編 → 不動産事業 | 2.7% |
| 新設・再編 → 足場レンタル事業 | 0.0% |

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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Retails | 5 years | +2.6% | ¥24135452000 | 0.3% | 2 |
| Wholesales | 5 years | -1.9% | ¥9547902000 | 5.9% | 2 |
| Real estates | 5 years | +31.5% | ¥1374801000 | 54.4% | 2 |
| Sash glass constructions | 5 years | +0.9% | ¥1331821000 | 11.5% | 2 |
| Scaffold rentals | 5 years | +1.9% | ¥775354000 | -0.1% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 37,165 | 100.0% | S100YJ86 |
| Cost of revenue | 25,941 | 69.8% | S100YJ86 |
| Gross profit | 11,225 | 30.2% | S100YJ86 |
| SG&A | 10,157 | 27.3% | S100YJ86 |
| Operating income | 1,067 | 2.9% | S100YJ86 |
| Ordinary income | 1,127 | 3.0% | S100YJ86 |
| Pretax income | 1,077 | 2.9% | S100YJ86 |
| Income tax | 330 | 0.9% | S100YJ86 |
| Net income | 747 | 2.0% | S100YJ86 |
| Net income attributable to owners | 707 | 1.9% | S100YJ86 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 70 |
| SG&A | 27 |
| Operating income | 3 |
| (Ref.) Net income | 2 |

### Margin funnel

Gross margin 30.2% → Operating margin 2.9% → Net margin 1.9%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +2.5%; Core profit growth: -45.2%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -17.91×
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 | 36,250 | 37,165 | 915 | +2.5% |
| Gross profit | 10,883 | 11,225 | 342 | +3.1% |
| Operating income | 1,949 | 1,067 | -881 | -45.2% |
| Net income attributable to owners | 1,184 | 707 | -477 | -40.3% |
| Operating cash flow | 1,409 | 1,369 | -40 | -2.8% |
| Free cash flow | -2,538 | -3,955 | -1,418 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 32,710 | 1,590 | 4.9% | 795 | 1,960 | 866 | S100LU9A |
| FY ending Mar 2021 | 34,053 | 2,123 | 6.2% | 1,051 | 2,538 | 2,084 | S100OL44 |
| FY ending Mar 2022 | 34,343 | 2,097 | 6.1% | 1,192 | 1,174 | 93 | S100R66E |
| FY ending Mar 2023 | 35,144 | 2,194 | 6.2% | 1,297 | 1,901 | 1,170 | S100TWMV |
| FY ending Mar 2024 | 33,994 | 1,814 | 5.3% | 1,032 | 2,007 | 885 | S100W72Q |
| FY ending Mar 2025 | 36,250 | 1,949 | 5.4% | 1,184 | 1,409 | -2,538 | S100YJ86 |
| FY ending Mar 2026 | 37,165 | 1,067 | 2.9% | 707 | 1,369 | -3,955 | S100YJ86 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥47M |
| Operating income per employee (consolidated) | ¥1.3M |
| Net income per employee (consolidated) | ¥894.2K |

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) | 720 | 723 | 722 | 751 | 791 |
| Average salary (parent company) | ¥4.7M | ¥4.7M | ¥4.7M | ¥4.9M | ¥4.8M |
| Average age (parent company) | 38.0 years | 38.0 years | 38.0 years | 38.0 years | 38.0 years |
| Average tenure (parent company) | 14.0 years | 14.0 years | 14.0 years | 14.0 years | 14.0 years |

Year over year: Employees (consolidated) +5.3% · Revenue (consolidated) +2.5%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Wholesales | 9,548 | 25.7% | 562 | 5.9% |
| Retails | 24,135 | 64.9% | 64 | 0.3% |
| Real estates | 1,375 | 3.7% | 748 | 54.4% |
| Scaffold rentals | 775 | 2.1% | -1 | -0.1% |
| Sash glass constructions | 1,332 | 3.6% | 153 | 11.5% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Wholesales | 25.7% | 36.8% | 11.1 | 5.9% |
| Retails | 64.9% | 4.2% | -60.7 | 0.3% |
| Real estates | 3.7% | 49.0% | 45.3 | 54.4% |
| Scaffold rentals | 2.1% | — | — | -0.1% |
| Sash glass constructions | 3.6% | 10.0% | 6.5 | 11.5% |

Loss-making segment (excluded from profit shares): Scaffold rentals -1 JPY mn

Segment → industry: Scaffold rentals → Leasing / Real estates → Real Estate Development & Leasing / Retails → Home Centers / Sash glass constructions → General Contractors / Wholesales → Specialty Trading & Wholesale

## 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 | 1,369 | 3.7% | S100YJ86 |
| Capital expenditure | 5,324 | 14.3% | S100YJ86 |
| Free cash flow | -3,955 | -10.6% | 算出 |
| Investing cash flow | -5,315 | -14.3% | S100YJ86 |
| Financing cash flow | 4,960 | 13.3% | S100YJ86 |
| Dividends paid | 236 | 0.6% | S100YJ86 |
| Share buyback | 0 | 0.0% | S100YJ86 |
| Change in cash | 1,013 | 2.7% | S100YJ86 |
| Cash and equivalents | 4,758 | 12.8% | S100YJ86 |

## 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 | 3,342 | 3,367 | 3,864 | 3,744 | 4,758 | S100TWMV, S100W72Q, S100YJ86 |
| Total assets | 25,339 | 26,165 | 26,910 | 31,388 | 36,831 | S100R66E, S100TWMV, S100W72Q, S100YJ86 |
| Net assets | 15,374 | 16,809 | 17,985 | 19,095 | 19,693 | S100TWMV, S100W72Q, S100YJ86 |
| Share capital | 793 | 793 | 793 | 793 | 793 | S100R66E, S100TWMV, S100W72Q, S100YJ86 |
| Property, plant and equipment | 13,262 | 13,051 | 13,116 | 16,048 | 19,994 | S100R66E, S100TWMV, S100W72Q, S100YJ86 |
| Intangible assets excluding goodwill | 139 | 180 | 435 | 369 | 439 | S100R66E, S100TWMV, S100W72Q, S100YJ86 |
| Goodwill | 36 | — | — | — | — | S100R66E |
| Investment securities | 783 | 850 | 1,071 | 1,033 | 1,190 | S100R66E, S100TWMV, S100W72Q, S100YJ86 |
| Current assets | 10,081 | 10,929 | 11,109 | 12,726 | 13,922 | S100R66E, S100TWMV, S100W72Q, S100YJ86 |
| Current liabilities | 6,393 | 5,974 | 6,131 | 7,927 | 6,915 | S100R66E, S100TWMV, S100W72Q, S100YJ86 |
| Trade payables | 1,727 | 1,745 | 1,571 | 1,768 | 1,628 | S100R66E, S100TWMV, S100W72Q, S100YJ86 |
| Short-term borrowings | 2,867 | 2,120 | 2,720 | 3,998 | 3,810 | S100R66E, S100TWMV, S100W72Q, S100YJ86 |
| Long-term borrowings | 2,120 | 1,890 | 1,160 | 2,543 | 7,983 | S100R66E, S100TWMV, S100W72Q, S100YJ86 |
| Total liabilities | 9,966 | 9,355 | 8,924 | 12,293 | 17,138 | S100R66E, S100TWMV, S100W72Q, S100YJ86 |
| Non-controlling interests | 2,189 | 2,466 | 2,657 | 2,834 | 2,845 | S100R66E, S100TWMV, S100W72Q, S100YJ86 |
| Equity attributable to owners of parent | 12,855 | 13,960 | 14,784 | 15,760 | 16,230 | S100R66E, S100TWMV, S100W72Q, S100YJ86 |
| Retained earnings | 11,360 | 12,465 | 13,289 | 14,265 | 14,735 | S100R66E, S100TWMV, S100W72Q, S100YJ86 |
| Treasury stock | -133 | -133 | -133 | -133 | -133 | S100R66E, S100TWMV, S100W72Q, S100YJ86 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 13% | S100YJ86 |
| Property, plant and equipment | 54% | S100YJ86 |
| Intangibles and goodwill | 1% | S100YJ86 |
| Investment securities | 3% | S100YJ86 |
| Other assets | 29% | S100YJ86 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 4% | S100YJ86 |
| Other liabilities | 42% | S100YJ86 |
| Equity | 54% | S100YJ86 |
| Other liabilities | 0% | S100YJ86 |

### 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 | 25,339 | 26,165 | 26,910 | 31,388 | 36,831 |
| Equity | 15,374 | 16,809 | 17,985 | 19,095 | 19,693 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 3,342 | 3,367 | 3,864 | 3,744 | 4,758 |

## 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) | 53.8% | S100YJ86 |
| Fixed assets ÷ total assets | 54.3% | S100YJ86 |
| Goodwill ÷ parent equity | — | —, S100YJ86 |

### 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) | 12.9% |
| Cash ÷ revenue | 12.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 128.2% |
| Cash vs. profit gap | 661 JPY mn (of net income 93.5%) |
| Shareholder returns / net income | 33.4% |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 33.4% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 14.3% |
| Investing CF relative to operating CF | 388.4% |

## 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 | 3.5% | 1.36× | 4.7% | 1.97× | 9.3% | S100R66E |
| 2023 | 3.7% | 1.36× | 5.0% | 1.92× | 9.7% | S100TWMV |
| 2024 | 3.0% | 1.28× | 3.9% | 1.85× | 7.2% | S100W72Q |
| 2025 | 3.3% | 1.24× | 4.1% | 1.91× | 7.8% | S100YJ86 |
| 2026 | 1.9% | 1.09× | 2.1% | 2.13× | 4.4% | S100YJ86 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社カネキ | Major shareholder | 35.5% | 2026-03-31 |
| キムラ取引先持株会 | Major shareholder | 9.4% | 2026-03-31 |
| 株式会社北海道銀行 | Major shareholder | 5.0% | 2026-03-31 |
| 木村 勇介 | Major shareholder | 4.3% | 2026-03-31 |
| 木村 勇市 | Major shareholder | 4.1% | 2026-03-31 |
| キムラ社員持株会 | Major shareholder | 3.7% | 2026-03-31 |
| 株式会社北洋銀行 | Major shareholder | 2.6% | 2026-03-31 |
| 野村證券株式会社 | Major shareholder | 2.6% | 2026-03-31 |
| 木村 リサ | Major shareholder | 1.7% | 2026-03-31 |
| 木村 建介 | Major shareholder | 1.7% | 2026-03-31 |
| 飯島 奈美 | Major shareholder | 1.7% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第76期(2025/04/01－2026/03/31) | S100YJ86 | 2026-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YJ86,, |
| 有価証券報告書－第75期(2024/04/01－2025/03/31) | S100W72Q | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W72Q,, |
| 有価証券報告書－第74期(2023/04/01－2024/03/31) | S100TWMV | 2024-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TWMV,, |
| 有価証券報告書－第73期(2022/04/01－2023/03/31) | S100R66E | 2023-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R66E,, |
| 有価証券報告書－第72期(令和3年4月1日－令和4年3月31日) | S100OL44 | 2022-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OL44,, |
| 有価証券報告書－第71期(令和2年4月1日－令和3年3月31日) | S100LU9A | 2021-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LU9A,, |

## 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).