# KURAMOTO CO.,LTD.: business model and financials

> Latest period: FY ending Dec 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第51期(2025/01/01－2025/12/31) (S100XU8N)
> Page: https://vizora.meequs.com/en/company/kuramoto
> Retrieved: 2026-09-30T21:34:47.056Z

## Company

Kuramoto, founded in 1975, is a company in Robots & Factory Automation listed on TSE Standard. It has 74 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | KURAMOTO CO.,LTD. |
| Ticker | 5216 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/5216.T) |
| Listing | TSE Standard |
| Head office | 宮城県栗原市若柳武鎗字花水前1番地1 |
| Representative (per filing) | 代表取締役社長兼CFO 小峰 衛 |
| Founded | Oct 1975 |
| Share capital | ¥134.7M |
| Employees (consolidated) | 74 |
| Average salary (parent only) | ¥3.3M |
| Fiscal year end | December |
| Website | www.kuramoto.co.jp (https://www.kuramoto.co.jp/) |
| Corporate number | 1370201003004 |
| EDINET | E01205 |
| Industries (Vizora) | Robots & Factory Automation, Glass & Ceramics, Semiconductor Materials, Real Estate Development & Leasing |

> Profile source: annual securities report (S100XU8N, filed 2026-03-26). As of filing

## Five-axis industry profile

Primary industry: Robots & Factory Automation (2025-12-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 1.5 | 34 |
| Efficiency | 32.9 | 35 |

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 52% of Kuramoto's sales come from Commercial support robot segments, with substrate segments and semiconductor processing segments making up much of the rest.
- It lost about ¥71 for every ¥100 of sales at the operating level.
- Revenue changed +28.3% from the prior year, operating profit -1593.5%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥2.01B |  |
| Operating income | -¥1.42B | Margin -70.8% |
| Net income | -¥3.08B | Margin -153.2% |
| Free cash flow | -¥647.3M |  |
| Largest business | Commercial support robot segments | of segment revenue 52.2% |
| Employees (consolidated) | 74 |  |
| EPS | ¥-63.14 |  |
| Book value per share | ¥15.41 |  |
| Equity ratio | 39.3% |  |
| Shares outstanding | 47,998,000 |  |
| Shareholders | 16,125 |  |
| Average salary (parent only) | ¥3.3M | Filing company only |
| Cash ratio | 5.3% | Cash ÷ revenue 4.8% |
| Vs. industry median margin | -82.6 pp | Robots & Factory Automation |
| ROA | -95.2% | Derived from disclosed figures |

## Notable figures

- FY2025, operating loss is 71 per ¥100 of revenue
- FY2025, segment profit share differs by 51 points

## What changed in 5 years

Currency or consolidation scope differs; percentage changes are omitted.

| Metric | FY ending Dec 2020 | FY ending Dec 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥1003684000 | ¥2010798000 | — |
| Operating income | ¥-314530000 | ¥-1424512000 | — |
| Operating margin | -31.3% | -70.8% | -39.5 pp |
| Employees | 104 people | 74 people | — |
| Cash and equivalents | ¥154857000 | ¥97124000 | — |

### Change in segment revenue mix

Span: FY ending Dec 2020 → FY ending Dec 2025. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 新設・再編 → 基板事業 | 31.1% |
| 新設・再編 → 半導体加工事業 | 11.9% |
| 新設・再編 → 不動産賃貸事業 | 4.8% |
| 新設・再編 → 業務用支援ロボット事業 | 52.2% |

Segment revenue source references: 4 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Commercial support robot segments | — | — | ¥1017196000 | -2.4% | 2 |
| substrate segments | — | — | ¥606492000 | 9.5% | 2 |
| semiconductor processing segments | — | — | ¥231255000 | -6.8% | 2 |
| Real estate rent segments | — | — | ¥94371000 | 77.4% | 2 |

## Income statement（FY ending Dec 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 2,011 | 100.0% | S100XU8N |
| Cost of revenue | 1,439 | 71.5% | S100XU8N |
| Gross profit | 572 | 28.5% | S100XU8N |
| SG&A | 1,997 | 99.3% | S100XU8N |
| Operating income | -1,425 | -70.8% | S100XU8N |
| Ordinary income | -1,476 | -73.4% | S100XU8N |
| Pretax income | -3,058 | -152.1% | S100XU8N |
| Income tax | 22 | 1.1% | S100XU8N |
| Net income | -3,081 | -153.2% | S100XU8N |
| Net income attributable to owners | -3,081 | -153.2% | S100XU8N |

## Per ¥100 of revenue（FY ending Dec 2025）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 72 |
| SG&A | 99 |
| Operating income | -71 |
| (Ref.) Net income | -153 |

### Margin funnel

Gross margin 28.5% → Operating margin -70.8% → Net margin -153.2%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Turned to a loss
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Dec 2024 → FY ending Dec 2025、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 1,568 | 2,011 | 443 | +28.3% |
| Gross profit | 424 | 572 | 148 | +34.9% |
| Operating income | 95 | -1,425 | -1,520 | -1593.5% |
| Net income attributable to owners | 31 | -3,081 | -3,112 | -9997.6% |
| Operating cash flow | -373 | -226 | 147 | — |
| Free cash flow | -839 | -647 | 192 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Dec 2019 | 1,227 | -359 | -29.2% | -1,081 | -169 | -188 | S100L32A |
| FY ending Dec 2020 | 1,004 | -315 | -31.3% | 735 | -306 | -330 | S100L32A |
| FY ending Dec 2021 | 1,033 | -43 | -4.1% | 9 | -223 | -266 | S100T6GP |
| FY ending Dec 2022 | 1,058 | -117 | -11.1% | 1 | 230 | -17 | S100T6GP |
| FY ending Dec 2023 | 705 | -407 | -57.8% | -555 | -27 | -173 | S100T6GP |
| FY ending Dec 2024 | 1,568 | 95 | 6.1% | 31 | -373 | -839 | S100XU8N |
| FY ending Dec 2025 | 2,011 | -1,425 | -70.8% | -3,081 | -226 | -647 | S100XU8N |

## People and productivity（FY ending Dec 2025, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥27.2M |
| Operating income per employee (consolidated) | -¥19.3M |
| Net income per employee (consolidated) | -¥41.6M |

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

| History | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 103 | 97 | 84 | 72 | 74 |
| Average salary (parent company) | ¥3M | ¥3.1M | ¥3.2M | ¥3.4M | ¥3.3M |
| Average age (parent company) | 47.6 years | 48.7 years | 49.3 years | 50.4 years | 50.9 years |
| Average tenure (parent company) | 25.0 years | 25.4 years | 26.2 years | 23.0 years | 23.1 years |

Year over year: Employees (consolidated) +2.8% · Revenue (consolidated) +28.3%

## Segments（FY ending Dec 2025, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| substrate segments | 606 | 31.1% | 58 | 9.5% |
| semiconductor processing segments | 231 | 11.9% | -16 | -6.8% |
| Real estate rent segments | 94 | 4.8% | 73 | 77.4% |
| Commercial support robot segments | 1,017 | 52.2% | -24 | -2.4% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| substrate segments | 31.1% | 44.2% | 13.1 | 9.5% |
| semiconductor processing segments | 11.9% | — | — | -6.8% |
| Real estate rent segments | 4.8% | 55.8% | 50.9 | 77.4% |
| Commercial support robot segments | 52.2% | — | — | -2.4% |

Loss-making segment (excluded from profit shares): semiconductor processing segments -16 JPY mn

Loss-making segment (excluded from profit shares): Commercial support robot segments -24 JPY mn

Segment → industry: Commercial support robot segments → Robots & Factory Automation / substrate segments → Glass & Ceramics / semiconductor processing segments → Semiconductor Materials / Real estate rent segments → Real Estate Development & Leasing

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Dec 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -226 | -11.2% | S100XU8N |
| Capital expenditure | 421 | 21.0% | S100XU8N |
| Free cash flow | -647 | -32.2% | 算出 |
| Investing cash flow | -451 | -22.4% | S100XU8N |
| Financing cash flow | 134 | 6.7% | S100XU8N |
| Change in cash | -543 | -27.0% | S100XU8N |
| Cash and equivalents | 97 | 4.8% | S100XU8N |

## 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 Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 205 | 94 | 52 | 640 | 97 | S100T6GP, S100XU8N |
| Total assets | 1,669 | 1,531 | 1,117 | 4,655 | 1,820 | S100QIBH, S100T6GP, S100XU8N |
| Net assets | 688 | 689 | 197 | 3,743 | 737 | S100T6GP, S100XU8N |
| Share capital | 80 | 80 | 80 | 94 | 135 | S100QIBH, S100T6GP, S100XU8N |
| Trade receivables | — | — | — | 466 | 152 | S100XU8N |
| Property, plant and equipment | 854 | 1,061 | 851 | 1,343 | 1,165 | S100QIBH, S100T6GP, S100XU8N |
| Intangible assets excluding goodwill | — | — | — | 1,940 | 89 | S100XU8N |
| Goodwill | — | — | — | 1,921 | — | S100XU8N |
| Investment securities | 0 | 1 | 1 | 1 | 2 | S100QIBH, S100T6GP, S100XU8N |
| Current assets | 810 | 469 | 264 | 1,358 | 545 | S100QIBH, S100T6GP, S100XU8N |
| Current liabilities | 338 | 299 | 548 | 683 | 729 | S100QIBH, S100T6GP, S100XU8N |
| Trade payables | — | — | — | 73 | 53 | S100XU8N |
| Short-term borrowings | — | — | — | 203 | 253 | S100XU8N |
| Long-term borrowings | 545 | 433 | 280 | 165 | 233 | S100QIBH, S100T6GP, S100XU8N |
| Total liabilities | 981 | 842 | 920 | 912 | 1,083 | S100QIBH, S100T6GP, S100XU8N |
| Equity attributable to owners of parent | 686 | 687 | 196 | 3,713 | 715 | S100QIBH, S100T6GP, S100XU8N |
| Retained earnings | 9 | 10 | -545 | 31 | -3,050 | S100QIBH, S100T6GP, S100XU8N |
| Treasury stock | -0 | -0 | -0 | 0 | -0 | S100QIBH, S100T6GP, S100XU8N |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 5% | S100XU8N |
| Receivables | 9% | S100XU8N |
| Property, plant and equipment | 64% | S100XU8N |
| Intangibles and goodwill | 5% | S100XU8N |
| Investment securities | 0% | S100XU8N |
| Other assets | 17% | S100XU8N |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 3% | S100XU8N |
| Other liabilities | 57% | S100XU8N |
| Equity | 40% | S100XU8N |
| Other liabilities | 0% | S100XU8N |

### Balance sheet history

| Metric | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 1,669 | 1,531 | 1,117 | 4,655 | 1,820 |
| Equity | 688 | 689 | 197 | 3,743 | 737 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 205 | 94 | 52 | 640 | 97 |

## 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) | 57.9% | S100XU8N |
| Fixed assets ÷ total assets | 64.0% | S100XU8N |
| Goodwill ÷ parent equity | — | —, S100XU8N |

### 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) | 5.3% |
| Cash ÷ revenue | 4.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | 2,855 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 21.0% |
| Investing CF relative to operating CF | — |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2021 | 0.9% | 0.62× | 0.5% | 2.43× | 1.3% | S100QIBH, S100T6GP |
| 2022 | 0.1% | 0.66× | 0.0% | 2.33× | 0.1% | S100T6GP |
| 2023 | — | —× | -41.9% | —× | — | S100T6GP |
| 2024 | 2.0% | 0.34× | 0.7% | 1.25× | 0.8% | S100XU8N |
| 2025 | — | —× | -95.2% | —× | — | S100XU8N |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| ニューセンチュリー有限責任事業組合 | Major shareholder | 13.4% | 2025-12-31 |
| ＷＡＮＧ ＣＨＩ | Major shareholder | 13.3% | 2025-12-31 |
| 那須マテリアル株式会社 | Major shareholder | 6.5% | 2025-12-31 |
| 渡邉 敏行 | Major shareholder | 3.3% | 2025-12-31 |
| 楽天証券株式会社 | Major shareholder | 1.9% | 2025-12-31 |
| ＩＮＴＥＲＡＣＴＩＶＥ ＢＲＯＫＥＲＳ ＬＬＣ （常任代理人 インタラクティブ・ブローカーズ証券株式会社） | Major shareholder | 1.5% | 2025-12-31 |
| スマート永輝有限責任事業組合 | Major shareholder | 1.1% | 2025-12-31 |
| ＦＵＴＵ ＳＥＣＵＲＩＴＩＥＳ ＩＮＴＥＲＮＡＴＩＯＮＡＬ （ＨＯＮＧ ＫＯＮＧ） ＬＩＭＩＴＥＤ （常任代理人 ｍｏｏｍｏｏ証券株式会社） | Major shareholder | 0.9% | 2025-12-31 |
| 李 克 | Major shareholder | 0.9% | 2025-12-31 |
| ＢＮＹＭ ＡＳ ＡＧＴ／ＣＬＴＳ ＮＯＮ ＴＲＥＡＴＹ ＪＡＳＤＥＣ （常任代理人 株式会社三菱ＵＦＪ銀行） | Major shareholder | 0.7% | 2025-12-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第51期(2025/01/01－2025/12/31) | S100XU8N | 2026-03-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XU8N,, |
| 訂正有価証券報告書－第50期(2024/01/01－2024/12/31) | S100WM10 | 2025-08-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WM10,, |
| 有価証券報告書－第49期(2023/01/01－2023/12/31) | S100T6GP | 2024-03-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100T6GP,, |
| 有価証券報告書－第48期(2022/01/01－2022/12/31) | S100QIBH | 2023-03-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QIBH,, |
| 有価証券報告書－第47期(令和3年1月1日－令和3年12月31日) | S100NSG6 | 2022-03-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100NSG6,, |
| 有価証券報告書－第46期(令和2年1月1日－令和2年12月31日) | S100L32A | 2021-03-31 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100L32A,, |

## 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).