# KOMATSU MATERE 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114期(2025/04/01－2026/03/31) (S100YHIR)
> Page: https://vizora.meequs.com/en/company/komatsu-matere
> Retrieved: 2026-10-01T00:04:10.041Z

## Company

Komatsu Matere, founded in 1943, is a company in Textiles & Fibers listed on TSE Prime. It has 1,227 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | KOMATSU MATERE Co., Ltd. |
| Ticker | 3580 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3580.T) |
| Listing | TSE Prime |
| Head office | 石川県能美市浜町ヌ167番地 |
| Representative (per filing) | 代表取締役社長 中山大輔 |
| Founded | Oct 1943 |
| Share capital | ¥4.68B |
| Employees (consolidated) | 1,227 |
| Average salary (parent only) | ¥6M |
| Fiscal year end | March |
| Website | www.komatsumatere.co.jp (https://www.komatsumatere.co.jp/) |
| Corporate number | 1220001012764 |
| EDINET | E00591 |
| Industries (Vizora) | Textiles & Fibers, Trucking & Parcel Delivery |

> Profile source: annual securities report (S100YHIR, filed 2026-06-23). As of filing

## Five-axis industry profile

Primary industry: Textiles & Fibers (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 82.1 | 14 |
| Profitability | 84.4 | 16 |
| Cash conversion | 29.2 | 12 |
| Efficiency | 71.9 | 16 |

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 99% of Komatsu Matere's sales come from Fiber, with Other business making up much of the rest.
- Out of every ¥100 of sales, about ¥6 is left as operating profit.
- Revenue changed +5.2% from the prior year, operating profit +14.7%.

## Company structure

- Segment revenue mix: Fiber 98.8%、Other business 1.2%
- Revenue → net income: ¥41563000000 → ¥1501000000
- Net income → operating cash flow: ¥1501000000 → ¥1759000000（difference ¥258000000）
- Main uses of operating cash flow: CapEx ¥3447000000 / dividends ¥1066000000 / buybacks ¥1277000000
- Change in cash: ¥-196000000
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 | ¥41.6B |  |
| Operating income | ¥2.5B | Margin 6.0% |
| Net income | ¥1.5B | Margin 3.6% |
| Free cash flow | -¥1.69B |  |
| Largest business | Fiber | of segment revenue 98.8% |
| Employees (consolidated) | 1,227 |  |
| EPS | ¥20.92 |  |
| Book value per share | ¥841.18 |  |
| Equity ratio | 76.5% |  |
| Shares outstanding | 39,240,000 |  |
| Treasury shares | 1,156,400 |  |
| Shareholders | 6,057 |  |
| Average salary (parent only) | ¥6M | Filing company only |
| Cash ratio | 17.8% | Cash ÷ revenue 22.2% |
| Vs. industry median margin | +2.6 pp | Textiles & Fibers |
| ROE | 4.0% | Derived from disclosed figures |
| ROA | 2.9% | Derived from disclosed figures |

## Notable figures

- FY2026, buybacks were 1.2× dividends
- FY2026, one segment accounts for 98% of positive segment profit

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥30018000000 | ¥41563000000 | +38.5% |
| Operating income | ¥1416000000 | ¥2502000000 | +76.7% |
| Operating margin | 4.7% | 6.0% | +1.3 pp |
| Employees | 1,082 people | 1,227 people | +13.4% |
| Cash and equivalents | ¥9954000000 | ¥9233000000 | -7.2% |

### 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 |
| --- | ---: |
| 繊維事業 → 繊維事業 | 96.9% |
| その他の事業 → その他の事業 | 1.1% |
| 物流物販事業 → 事業再編・廃止 | 2.0% |
| 新設・再編 → 繊維事業 | 1.9% |
| 新設・再編 → その他の事業 | 0.1% |

Segment revenue source references: 5 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 41,563 | 100.0% | S100YHIR |
| Cost of revenue | 32,177 | 77.4% | S100YHIR |
| Gross profit | 9,385 | 22.6% | S100YHIR |
| SG&A | 6,882 | 16.6% | S100YHIR |
| Operating income | 2,502 | 6.0% | S100YHIR |
| Ordinary income | 3,208 | 7.7% | S100YHIR |
| Pretax income | 2,478 | 6.0% | S100YHIR |
| Income tax | 977 | 2.4% | S100YHIR |
| Net income | 1,501 | 3.6% | S100YHIR |
| Net income attributable to owners | 1,500 | 3.6% | S100YHIR |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 77 |
| SG&A | 17 |
| Operating income | 6 |
| (Ref.) Net income | 4 |

### Margin funnel

Gross margin 22.6% → Operating margin 6.0% → Net margin 3.6%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +5.2%; Core profit growth: +14.7%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.86×
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 | 39,526 | 41,563 | 2,037 | +5.2% |
| Gross profit | 8,360 | 9,385 | 1,025 | +12.3% |
| Operating income | 2,181 | 2,502 | 321 | +14.7% |
| Net income attributable to owners | 2,934 | 1,500 | -1,434 | -48.9% |
| Operating cash flow | 4,793 | 1,759 | -3,034 | -63.3% |
| Free cash flow | 1,587 | -1,688 | -3,275 | -206.4% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 36,525 | 1,612 | 4.4% | 1,375 | 3,031 | 1,952 | S100LS36 |
| FY ending Mar 2021 | 30,018 | 1,416 | 4.7% | 1,810 | 3,069 | 1,080 | S100OHG6 |
| FY ending Mar 2022 | 31,449 | 1,593 | 5.1% | 2,184 | 1,385 | 750 | S100R455 |
| FY ending Mar 2023 | 35,438 | 1,605 | 4.5% | 1,118 | 1,818 | 755 | S100TQGI |
| FY ending Mar 2024 | 36,670 | 1,856 | 5.1% | 1,843 | 3,113 | 1,339 | S100W06K |
| FY ending Mar 2025 | 39,526 | 2,181 | 5.5% | 2,934 | 4,793 | 1,587 | S100YHIR |
| FY ending Mar 2026 | 41,563 | 2,502 | 6.0% | 1,500 | 1,759 | -1,688 | S100YHIR |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥33.9M |
| Operating income per employee (consolidated) | ¥2M |
| Net income per employee (consolidated) | ¥1.2M |

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) | 1,105 | 1,063 | 1,117 | 1,203 | 1,227 |
| Average salary (parent company) | ¥5.6M | ¥5.9M | ¥5.7M | ¥5.9M | ¥6M |
| Average age (parent company) | 39.0 years | 39.1 years | 39.1 years | 38.4 years | 38.5 years |
| Average tenure (parent company) | 17.0 years | 17.8 years | 16.3 years | 16.1 years | 15.9 years |

Year over year: Employees (consolidated) +2.0% · Revenue (consolidated) +5.2%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Fiber | 41,063 | 98.8% | 2,432 | 5.9% |
| Other business | 499 | 1.2% | 57 | 11.4% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Fiber | 98.8% | 97.7% | -1.1 | 5.9% |
| Other business | 1.2% | 2.3% | 1.1 | 11.4% |

Segment → industry: Fiber → Textiles & Fibers / Other 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 | 1,759 | 4.2% | S100YHIR |
| Capital expenditure | 3,447 | 8.3% | S100YHIR |
| Free cash flow | -1,688 | -4.1% | 算出 |
| Investing cash flow | 790 | 1.9% | S100YHIR |
| Financing cash flow | -2,755 | -6.6% | S100YHIR |
| Dividends paid | 1,066 | 2.6% | S100YHIR |
| Share buyback | 1,277 | 3.1% | S100YHIR |
| Change in cash | -196 | -0.5% | S100YHIR |
| Cash and equivalents | 9,233 | 22.2% | S100YHIR |

## 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 | 9,571 | 9,457 | 11,565 | 9,430 | 9,233 | S100TQGI, S100W06K, S100YHIR |
| Total assets | 47,600 | 47,548 | 49,998 | 53,026 | 51,942 | S100R455, S100TQGI, S100W06K, S100YHIR |
| Net assets | 35,839 | 35,878 | 37,937 | 39,701 | 39,889 | S100TQGI, S100W06K, S100YHIR |
| Share capital | 4,680 | 4,680 | 4,680 | 4,680 | 4,680 | S100R455, S100TQGI, S100W06K, S100YHIR |
| Property, plant and equipment | 6,663 | 6,676 | 7,391 | 8,009 | 9,565 | S100R455, S100TQGI, S100W06K, S100YHIR |
| Intangible assets excluding goodwill | 235 | 700 | 972 | 1,800 | 2,399 | S100R455, S100TQGI, S100W06K, S100YHIR |
| Goodwill | — | — | — | 303 | 242 | S100YHIR |
| Investment securities | 13,194 | 12,878 | 14,157 | 16,185 | 15,403 | S100R455, S100TQGI, S100W06K, S100YHIR |
| Current assets | 24,252 | 24,480 | 25,123 | 25,885 | 23,643 | S100R455, S100TQGI, S100W06K, S100YHIR |
| Current liabilities | 7,557 | 7,897 | 8,434 | 9,171 | 8,494 | S100R455, S100TQGI, S100W06K, S100YHIR |
| Trade payables | 4,985 | 5,470 | 5,047 | 5,508 | 4,792 | S100R455, S100TQGI, S100W06K, S100YHIR |
| Total liabilities | 11,761 | 11,670 | 12,061 | 13,324 | 12,052 | S100R455, S100TQGI, S100W06K, S100YHIR |
| Non-controlling interests | 125 | 126 | 130 | 142 | 142 | S100R455, S100TQGI, S100W06K, S100YHIR |
| Equity attributable to owners of parent | 35,458 | 34,754 | 35,750 | 37,458 | 36,660 | S100R455, S100TQGI, S100W06K, S100YHIR |
| Retained earnings | 28,705 | 29,014 | 29,972 | 31,998 | 28,319 | S100R455, S100TQGI, S100W06K, S100YHIR |
| Treasury stock | -2,586 | -3,598 | -3,533 | -3,830 | -949 | S100R455, S100TQGI, S100W06K, S100YHIR |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 18% | S100YHIR |
| Property, plant and equipment | 18% | S100YHIR |
| Intangibles and goodwill | 5% | S100YHIR |
| Investment securities | 30% | S100YHIR |
| Other assets | 29% | S100YHIR |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 9% | S100YHIR |
| Other liabilities | 14% | S100YHIR |
| Equity | 77% | S100YHIR |
| Other liabilities | 0% | S100YHIR |

### 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 | 47,600 | 47,548 | 49,998 | 53,026 | 51,942 |
| Equity | 35,839 | 35,878 | 37,937 | 39,701 | 39,889 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 9,571 | 9,457 | 11,565 | 9,430 | 9,233 |

## 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) | 23.0% | S100YHIR |
| Fixed assets ÷ total assets | 18.4% | S100YHIR |
| Goodwill ÷ parent equity | 0.7% | S100YHIR |

### 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) | 17.8% |
| Cash ÷ revenue | 22.2% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 70.3% |
| Cash vs. profit gap | 259 JPY mn (of net income 17.3%) |
| Shareholder returns / net income | 156.2% |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 71.1% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 8.3% |
| Investing CF relative to operating CF | 44.9% |

## 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 | 6.9% | 0.66× | 4.6% | 1.34× | 6.2% | S100R455 |
| 2023 | 3.2% | 0.74× | 2.4% | 1.36× | 3.2% | S100TQGI |
| 2024 | 5.0% | 0.75× | 3.8% | 1.38× | 5.2% | S100W06K |
| 2025 | 7.4% | 0.77× | 5.7% | 1.41× | 8.0% | S100YHIR |
| 2026 | 3.6% | 0.79× | 2.9% | 1.42× | 4.0% | S100YHIR |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| THE SFP VALUE REALIZATION MASTER FUND LTD.（常任代理人立花証券株式会社） | Major shareholder | 10.4% | 2026-03-31 |
| 東レ株式会社 | Major shareholder | 9.8% | 2026-03-31 |
| 日本マスタートラスト信託銀行株式会社 | Major shareholder | 7.6% | 2026-03-31 |
| 株式会社北國銀行 | Major shareholder | 5.2% | 2026-03-31 |
| 小松マテーレ松栄会 | Major shareholder | 5.0% | 2026-03-31 |
| 日本生命保険相互会社 | Major shareholder | 3.4% | 2026-03-31 |
| JP MORGAN CHASE BANK 385642（常任代理人株式会社みずほ銀行） | Major shareholder | 3.3% | 2026-03-31 |
| 三谷産業株式会社 | Major shareholder | 2.3% | 2026-03-31 |
| 第一生命保険株式会社 | Major shareholder | 2.0% | 2026-03-31 |
| 三井住友信託銀行株式会社 | Major shareholder | 1.9% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第114期(2025/04/01－2026/03/31) | S100YHIR | 2026-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YHIR,, |
| 有価証券報告書－第113期(2024/04/01－2025/03/31) | S100W06K | 2025-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W06K,, |
| 有価証券報告書－第112期(2023/04/01－2024/03/31) | S100TQGI | 2024-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TQGI,, |
| 有価証券報告書－第111期(2022/04/01－2023/03/31) | S100R455 | 2023-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R455,, |
| 有価証券報告書－第110期(令和3年4月1日－令和4年3月31日) | S100OHG6 | 2022-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OHG6,, |
| 有価証券報告書－第109期(令和2年4月1日－令和3年3月31日) | S100LS36 | 2021-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LS36,, |

## 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).