# Kin-Ei Corp.: business model and financials

> Latest period: FY ending Jan 2026, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第129期(2025/02/01－2026/01/31) (S100XZ5Y)
> Page: https://vizora.meequs.com/en/company/kin-ei
> Retrieved: 2026-09-30T20:59:09.658Z

## Company

Kin-Ei, founded in 1937, is a company in Film & Anime listed on TSE Standard. It has 45 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Kin-Ei Corp. |
| Ticker | 9636 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/9636.T) |
| Listing | TSE Standard |
| Head office | 大阪市阿倍野区阿倍野筋1丁目5番1号 |
| Representative (per filing) | 取締役社長 作田憲彦 |
| Founded | May 1937 |
| Share capital | ¥564.2M |
| Employees (consolidated) | 45 |
| Average salary (parent only) | ¥5.9M |
| Fiscal year end | January |
| Website | corporate.kin-ei.co.jp (https://corporate.kin-ei.co.jp/) |
| Corporate number | 1120001005118 |
| EDINET | E04592 |
| Industries (Vizora) | Film & Anime, Amusement Centers & Karaoke, Real Estate Development & Leasing |

> Profile source: annual securities report (S100XZ5Y, filed 2026-04-20). As of filing

## Five-axis industry profile

Primary industry: Real Estate Development & Leasing (2026-01-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 24.7 | 75 |
| Profitability | 33.1 | 86 |
| Cash conversion | 87.2 | 82 |
| Efficiency | 48.3 | 86 |

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 55% of Kin-Ei's sales come from Real estate business, with Cinema, amusument business making up much of the rest.
- Out of every ¥100 of sales, about ¥8 is left as operating profit.
- Revenue changed +5.6% from the prior year, operating profit +6.7%.

## Company structure

- Segment revenue mix: Real estate business 54.6%、Cinema, amusument business 45.4%
- Revenue → net income: ¥3771317000 → ¥200279000
- Net income → operating cash flow: ¥200279000 → ¥630645000（difference ¥430366000）
- Main uses of operating cash flow: CapEx ¥292737000 / dividends ¥27880000 / buybacks —
- Change in cash: ¥47704000
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 | ¥3.77B |  |
| Operating income | ¥301.5M | Margin 8.0% |
| Net income | ¥200.3M | Margin 5.3% |
| Free cash flow | ¥337.9M |  |
| Largest business | Real estate business | of segment revenue 54.6% |
| Employees (consolidated) | 45 |  |
| EPS | ¥71.84 |  |
| Book value per share | ¥989.8 |  |
| Equity ratio | 45.8% |  |
| Shares outstanding | 2,821,000 |  |
| Treasury shares | 33,000 |  |
| Shareholders | 4,111 |  |
| Average salary (parent only) | ¥5.9M | Filing company only |
| Cash ratio | 2.2% | Cash ÷ revenue 3.6% |
| Vs. industry median margin | -2.5 pp | Real Estate Development & Leasing |
| ROE | 7.5% | Derived from disclosed figures |
| ROA | 3.4% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 3.1× net income
- FY2026, one segment accounts for 66% of positive segment profit
- FY2026, parent-company salary changed +28% over five years

## What changed in 5 years

| Metric | FY ending Jan 2021 | FY ending Jan 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥2857560000 | ¥3771317000 | +32.0% |
| Operating income | ¥93654000 | ¥301544000 | +222.0% |
| Operating margin | 3.3% | 8.0% | +4.7 pp |
| Employees | 45 people | 45 people | 0.0% |
| Cash and equivalents | ¥100837000 | ¥134784000 | +33.7% |

### Change in segment revenue mix

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

| Flow | Revenue share |
| --- | ---: |
| シネマ・アミューズメント事業 → シネマ・アミューズメント事業 | 38.1% |
| 不動産事業 → 不動産事業 | 54.6% |
| 不動産事業 → 事業再編・廃止 | 7.3% |
| 新設・再編 → シネマ・アミューズメント事業 | 7.3% |

Segment revenue source references: 4 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 3,771 | 100.0% | S100XZ5Y |
| Operating income | 302 | 8.0% | S100XZ5Y |
| Ordinary income | 312 | 8.3% | S100XZ5Y |
| Pretax income | 278 | 7.4% | S100XZ5Y |
| Income tax | 77 | 2.0% | S100XZ5Y |
| Net income | 200 | 5.3% | S100XZ5Y |

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

| Part | JPY |
| --- | ---: |
| Operating expenses | 92 |
| Operating income | 8 |
| (Ref.) Net income | 5 |

### Margin funnel

Operating margin 8.0% → Net margin 5.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +5.6%; Core profit growth: +6.7%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.20×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 3,572 | 3,771 | 199 | +5.6% |
| Operating income | 283 | 302 | 19 | +6.7% |
| Operating cash flow | 527 | 631 | 104 | +19.7% |
| Free cash flow | 182 | 338 | 156 | +85.8% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jan 2020 | 3,882 | 222 | 5.7% | 130 | 843 | 47 | S100L82G |
| FY ending Jan 2021 | 2,858 | 94 | 3.3% | 55 | 65 | -298 | S100NX7D |
| FY ending Jan 2022 | 3,001 | 135 | 4.5% | 108 | 551 | 298 | S100QMFL |
| FY ending Jan 2023 | 3,345 | 175 | 5.2% | 125 | 510 | 363 | S100TAIH |
| FY ending Jan 2024 | 3,571 | 256 | 7.2% | 155 | 463 | 230 | S100VMUV |
| FY ending Jan 2025 | 3,572 | 283 | 7.9% | 155 | 527 | 182 | S100XZ5Y |
| FY ending Jan 2026 | 3,771 | 302 | 8.0% | 200 | 631 | 338 | S100XZ5Y |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥83.8M |
| Operating income per employee (consolidated) | ¥6.7M |
| Net income per employee (consolidated) | ¥4.5M |

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

| History | FY ending Jan 2022 | FY ending Jan 2023 | FY ending Jan 2024 | FY ending Jan 2025 | FY ending Jan 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 41 | 45 | 42 | 46 | 45 |
| Average salary (parent company) | ¥4.6M | ¥4.9M | ¥5.4M | ¥5.6M | ¥5.9M |
| Average age (parent company) | 49.3 years | 50.9 years | 50.2 years | 50.9 years | 50.7 years |
| Average tenure (parent company) | 16.4 years | 15.4 years | 16.4 years | 15.1 years | 14.3 years |

Year over year: Employees (consolidated) -2.2% · Revenue (consolidated) +5.6%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Cinema, amusument business | 1,712 | 45.4% | 225 | 13.1% |
| Real estate business | 2,059 | 54.6% | 446 | 21.7% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Cinema, amusument business | 45.4% | 33.5% | -11.9 | 13.1% |
| Real estate business | 54.6% | 66.5% | 11.9 | 21.7% |

Segment → industry: Cinema, amusument business → Film & Anime / Cinema, amusument business → Amusement Centers & Karaoke / Real estate business → Real Estate Development & Leasing

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 631 | 16.7% | S100XZ5Y |
| Capital expenditure | 293 | 7.8% | S100XZ5Y |
| Free cash flow | 338 | 9.0% | 算出 |
| Investing cash flow | -386 | -10.2% | S100XZ5Y |
| Financing cash flow | -197 | -5.2% | S100XZ5Y |
| Dividends paid | 28 | 0.7% | S100XZ5Y |
| Change in cash | 48 | 1.3% | S100XZ5Y |
| Cash and equivalents | 135 | 3.6% | S100XZ5Y |

## 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 Jan 2022 | FY ending Jan 2023 | FY ending Jan 2024 | FY ending Jan 2025 | FY ending Jan 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 85 | 76 | 75 | 87 | 135 | S100TAIH, S100VMUV, S100XZ5Y |
| Total assets | 5,771 | 5,766 | 5,868 | 5,923 | 6,022 | S100QMFL, S100TAIH, S100VMUV, S100XZ5Y |
| Net assets | 2,222 | 2,320 | 2,450 | 2,581 | 2,760 | S100TAIH, S100VMUV, S100XZ5Y |
| Share capital | 564 | 564 | 564 | 564 | 564 | S100QMFL, S100TAIH, S100VMUV, S100XZ5Y |
| Property, plant and equipment | 4,100 | 3,981 | 3,990 | 4,052 | 4,033 | S100QMFL, S100TAIH, S100VMUV, S100XZ5Y |
| Intangible assets excluding goodwill | 60 | 31 | 6 | 2 | 3 | S100QMFL, S100TAIH, S100VMUV, S100XZ5Y |
| Investment securities | 9 | 12 | 17 | 24 | 34 | S100QMFL, S100TAIH, S100VMUV, S100XZ5Y |
| Current assets | 772 | 893 | 966 | 908 | 1,008 | S100QMFL, S100TAIH, S100VMUV, S100XZ5Y |
| Current liabilities | 1,259 | 1,238 | 1,264 | 1,285 | 1,262 | S100QMFL, S100TAIH, S100VMUV, S100XZ5Y |
| Short-term borrowings | 450 | 350 | 350 | 250 | 313 | S100QMFL, S100TAIH, S100VMUV, S100XZ5Y |
| Long-term borrowings | 394 | 319 | 244 | — | 3 | S100QMFL, S100TAIH, S100VMUV, S100XZ5Y |
| Total liabilities | 3,549 | 3,446 | 3,418 | 3,342 | 3,262 | S100QMFL, S100TAIH, S100VMUV, S100XZ5Y |
| Equity attributable to owners of parent | 2,219 | 2,315 | 2,441 | 2,568 | 2,740 | S100QMFL, S100TAIH, S100VMUV, S100XZ5Y |
| Retained earnings | 1,741 | 1,838 | 1,965 | 2,092 | 2,264 | S100QMFL, S100TAIH, S100VMUV, S100XZ5Y |
| Treasury stock | -111 | -112 | -112 | -113 | -113 | S100QMFL, S100TAIH, S100VMUV, S100XZ5Y |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 2% | S100XZ5Y |
| Property, plant and equipment | 67% | S100XZ5Y |
| Intangibles and goodwill | 0% | S100XZ5Y |
| Investment securities | 1% | S100XZ5Y |
| Other assets | 30% | S100XZ5Y |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 54% | S100XZ5Y |
| Equity | 46% | S100XZ5Y |
| Other liabilities | 0% | S100XZ5Y |

### Balance sheet history

| Metric | FY ending Jan 2022 | FY ending Jan 2023 | FY ending Jan 2024 | FY ending Jan 2025 | FY ending Jan 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 5,771 | 5,766 | 5,868 | 5,923 | 6,022 |
| Equity | 2,222 | 2,320 | 2,450 | 2,581 | 2,760 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 85 | 76 | 75 | 87 | 135 |

## 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) | 106.9% | S100XZ5Y |
| Fixed assets ÷ total assets | 67.0% | S100XZ5Y |
| Goodwill ÷ parent equity | — | —, S100XZ5Y |

### 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) | 2.2% |
| Cash ÷ revenue | 3.6% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 209.1% |
| Cash vs. profit gap | 430 JPY mn (of net income 214.9%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 13.9% |
| Shareholder payments — dividends / FCF | 8.3% |
| CapEx intensity (capex ÷ revenue) | 7.8% |
| Investing CF relative to operating CF | 61.2% |

## 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 | 3.6% | 0.52× | 1.9% | 2.60× | 4.9% | S100QMFL |
| 2023 | 3.7% | 0.58× | 2.2% | 2.54× | 5.5% | S100TAIH |
| 2024 | 4.3% | 0.61× | 2.7% | 2.45× | 6.5% | S100VMUV |
| 2025 | 4.3% | 0.61× | 2.6% | 2.35× | 6.2% | S100XZ5Y |
| 2026 | 5.3% | 0.63× | 3.4% | 2.25× | 7.5% | S100XZ5Y |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行株式会社(近畿日本鉄道株式会社退職給付信託口) | Major shareholder | 45.6% | 2026-01-31 |
| 近鉄保険サービス株式会社 | Major shareholder | 9.0% | 2026-01-31 |
| 近鉄グループホールディングス株式会社 | Major shareholder | 5.9% | 2026-01-31 |
| 岸本ビル株式会社 | Major shareholder | 0.9% | 2026-01-31 |
| 株式会社近鉄百貨店 | Major shareholder | 0.6% | 2026-01-31 |
| 株式会社近鉄リテーリング | Major shareholder | 0.6% | 2026-01-31 |
| 南 園 良三郎 | Major shareholder | 0.2% | 2026-01-31 |
| 日本ファシリオ株式会社 | Major shareholder | 0.2% | 2026-01-31 |
| 東洋テックビルサービス株式会社 | Major shareholder | 0.1% | 2026-01-31 |
| 東 野 治 彦 | Major shareholder | 0.1% | 2026-01-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第129期(2025/02/01－2026/01/31) | S100XZ5Y | 2026-04-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XZ5Y,, |
| 有価証券報告書－第128期(2024/02/01－2025/01/31) | S100VMUV | 2025-04-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VMUV,, |
| 有価証券報告書－第127期(2023/02/01－2024/01/31) | S100TAIH | 2024-04-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TAIH,, |
| 有価証券報告書－第126期(2022/02/01－2023/01/31) | S100QMFL | 2023-04-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QMFL,, |
| 有価証券報告書－第125期(令和3年2月1日－令和4年1月31日) | S100NX7D | 2022-04-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100NX7D,, |
| 有価証券報告書－第124期(令和2年2月1日－令和3年1月31日) | S100L82G | 2021-04-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100L82G,, |

## 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).