KokuyoKOKUYO CO.,LTD.7984東証プライムその他製品FY ending Dec 2025, consolidated, J-GAAP

Kokuyo FY ending Dec 2025 results

About 47% of Kokuyo's sales come from Furniture businesses, with Business supply distribution and Stationery businesses making up much of the rest.

Out of every ¥100 of sales, about ¥7 is left as operating profit.

Revenue changed +6.2% from the prior year, operating profit +16.5%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +6.2% · profit +16.5%, calculated from disclosed figures.

Operating leverage: 2.66× (profit growth ÷ revenue growth)

FY ending Dec 2024 → FY ending Dec 2025

Revenue for the FY ending Dec 2025 was ¥359.9B, up +6.2% from ¥338.8B.
Profit grew faster than sales: gross profit rose +8.3% to ¥144.5B and operating income rose +16.5% to ¥26.2B.
Net income attributable to owners edged down -1.4%, from ¥21.8B to ¥21.5B.
Cash generation weakened, with operating cash flow down -12.3% to ¥14.4B and free cash flow down -64.2% to ¥3.1B.

The furniture business won more office relocation and renovation projects, which lifted sales.
Price increases took hold and offset higher raw material costs, so the gross margin improved.
Office supply distribution got a temporary boost from customers switching over after a rival's logistics and system outage.
Net income dipped mainly because the prior year included a gain on the sale of fixed assets.
Operating cash flow fell partly due to income tax payments and higher receivables.

Most sales are in Japan, so results depend on the domestic economy, corporate capital spending and population trends.
China, a key overseas market, remains sluggish, and conflict in the Middle East could push up raw material and shipping costs.
Competition in office supply distribution has heated up after an unauthorized access incident at another company in the industry, which may weigh on that business for a while.

Annual Securities Report (79th term) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report (79th term) / 事業等のリスク

FY ending Dec 2024 → FY ending Dec 2025

For every ¥100 Kokuyo sells, how much goes where, and how much is kept.

FY ending Dec 2025

Gross margin40.1%

Operating margin7.3%

Net margin6.0%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Revenue by business segment, and the profit each one keeps.

FY ending Dec 2025

Furniture businesses¥170.6B
47%
Op. margin 15.3%Industry: Stationery & Office Supplies
Business supply distribution¥102.6B
29%
Op. margin 5.3%Industry: Stationery & Office Supplies
Stationery businesses¥62.8B
17%
Op. margin 11.3%Industry: Stationery & Office Supplies
Interior retail businesses¥23.6B
7%
Op. margin 3.0%Industry: Furniture, Interior & Lifestyle Goods
Other¥242M
0%
Op. margin -188.8%

※ Segment figures include inter-segment sales and do not sum to the company total

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第79期(2025/01/01－2025/12/31)
ID S100XUE12026-03-26Open
EDINET (FSA Japan)
有価証券報告書－第78期(2024/01/01－2024/12/31)
ID S100VILU2025-03-31Open
EDINET (FSA Japan)
有価証券報告書－第77期(2023/01/01－2023/12/31)
ID S100T6572024-03-29Open
EDINET (FSA Japan)
有価証券報告書－第76期(2022/01/01－2022/12/31)
ID S100QI7E2023-03-31Open
EDINET (FSA Japan)
有価証券報告書－第75期(令和3年1月1日－令和3年12月31日)
ID S100NSRY2022-03-31Open
EDINET (FSA Japan)
有価証券報告書－第74期(令和2年1月1日－令和2年12月31日)
ID S100L2XS2021-03-31Open

Extracted from XBRL: 54 / Derived from other figures: 1

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