# KURODA PRECISION INDUSTRIES 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82期(2025/04/01－2026/03/31) (S100YK6H)
> Page: https://vizora.meequs.com/en/company/kuroda-precision-industries
> Retrieved: 2026-09-30T21:38:40.386Z

## Company

Kuroda Precision Industries, founded in 1925, is a company in Robots & Factory Automation listed on TSE Standard. It has 641 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | KURODA PRECISION INDUSTRIES LTD. |
| Ticker | 7726 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7726.T) |
| Listing | TSE Standard |
| Head office | 神奈川県川崎市幸区堀川町580番地16 |
| Representative (per filing) | 取締役社長 黒田 浩史 |
| Founded | Jan 1925 |
| Share capital | ¥1.95B |
| Employees (consolidated) | 641 |
| Average salary (parent only) | ¥5.9M |
| Fiscal year end | March |
| Website | kurodaprecision.com (https://kurodaprecision.com/) |
| Corporate number | 7020001070810 |
| EDINET | E02269 |
| Industries (Vizora) | Robots & Factory Automation, Machine Tools, Industrial Machinery |

> Profile source: annual securities report (S100YK6H, filed 2026-06-25). As of filing

## Five-axis industry profile

Primary industry: Machine Tools (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 69.1 | 34 |
| Profitability | 10.3 | 34 |
| Cash conversion | 1.6 | 31 |
| Efficiency | 77.9 | 34 |

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 47% of Kuroda Precision Industries's sales come from Press, with Motion Controls systems and Machine making up much of the rest.
- Operating profit was close to zero, a slight profit per ¥100 of sales.
- Revenue changed +12.8% from the prior year, operating profit -89.5%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥19.5B |  |
| Operating income | ¥32.9M | Margin 0.2% |
| Net income | -¥96.7M | Margin -0.5% |
| Free cash flow | -¥2.53B |  |
| Largest business | Press | of segment revenue 46.9% |
| Employees (consolidated) | 641 |  |
| EPS | ¥-12.87 |  |
| Book value per share | ¥1952.31 |  |
| Equity ratio | 39.2% |  |
| Shares outstanding | 5,743,286 |  |
| Treasury shares | 150,100 |  |
| Shareholders | 2,967 |  |
| Average salary (parent only) | ¥5.9M | Filing company only |
| Cash ratio | 11.5% | Cash ÷ revenue 17.2% |
| Vs. industry median margin | -6.9 pp | Machine Tools |
| ROA | -0.3% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 78% of positive segment profit
- FY2026, segment profit share differs by 58 points

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥13289499000 | ¥19501818000 | +46.7% |
| Operating income | ¥362472000 | ¥32851000 | -90.9% |
| Operating margin | 2.7% | 0.2% | -2.6 pp |
| Employees | 617 people | 641 people | +3.9% |
| Cash and equivalents | ¥2136480000 | ¥3360854000 | +57.3% |

### 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 |
| --- | ---: |
| 駆動システム → 駆動システム | 33.1% |
| 駆動システム → 事業再編・廃止 | 8.5% |
| 金型システム → 金型システム | 33.2% |
| 機工・計測システム → 機工・計測システム | 20.0% |
| 機工・計測システム → 事業再編・廃止 | 5.2% |
| 新設・再編 → 金型システム | 13.7% |

Segment revenue source references: 6 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Press | 5 years | +15.7% | ¥9139567000 | 0.5% | 2 |
| Motion Controls systems | 5 years | +3.2% | ¥6459566000 | -2.9% | 2 |
| Machine | 5 years | +3.1% | ¥3902684000 | 4.5% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 19,502 | 100.0% | S100YK6H |
| Cost of revenue | 15,610 | 80.0% | S100YK6H |
| Gross profit | 3,892 | 20.0% | S100YK6H |
| SG&A | 3,859 | 19.8% | S100YK6H |
| Operating income | 33 | 0.2% | S100YK6H |
| Ordinary income | 11 | 0.1% | S100YK6H |
| Pretax income | -143 | -0.7% | S100YK6H |
| Income tax | -50 | -0.3% | S100YK6H |
| Net income | -93 | -0.5% | S100YK6H |
| Net income attributable to owners | -97 | -0.5% | S100YK6H |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 80 |
| SG&A | 20 |
| Operating income | 0 |
| (Ref.) Net income | 0 |

### Margin funnel

Gross margin 20.0% → Operating margin 0.2% → Net margin -0.5%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +12.8%; Core profit growth: -89.5%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -6.97×
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 | 17,284 | 19,502 | 2,218 | +12.8% |
| Gross profit | 4,097 | 3,892 | -205 | -5.0% |
| Operating income | 312 | 33 | -279 | -89.5% |
| Net income attributable to owners | 173 | -97 | -269 | -156.0% |
| Operating cash flow | 1,227 | -615 | -1,841 | -150.1% |
| Free cash flow | -429 | -2,530 | -2,101 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 15,083 | 339 | 2.2% | 132 | 437 | -838 | S100NBAK |
| FY ending Mar 2021 | 13,289 | 362 | 2.7% | 127 | 531 | -370 | S100OJZH |
| FY ending Mar 2022 | 18,043 | 1,335 | 7.4% | 564 | 2,150 | 1,443 | S100R876 |
| FY ending Mar 2023 | 22,747 | 1,285 | 5.6% | 907 | 1,349 | -69 | S100TTSU |
| FY ending Mar 2024 | 18,504 | 583 | 3.2% | 498 | 428 | -968 | S100W6EU |
| FY ending Mar 2025 | 17,284 | 312 | 1.8% | 173 | 1,227 | -429 | S100YK6H |
| FY ending Mar 2026 | 19,502 | 33 | 0.2% | -97 | -615 | -2,530 | S100YK6H |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥30.4M |
| Operating income per employee (consolidated) | ¥51.2K |
| Net income per employee (consolidated) | -¥150.8K |

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) | 611 | 614 | 645 | 641 | 641 |
| Average salary (parent company) | ¥6.1M | ¥6.4M | ¥6M | ¥5.9M | ¥5.9M |
| Average age (parent company) | 42.5 years | 42.6 years | 42.4 years | 42.5 years | 42.2 years |
| Average tenure (parent company) | 16.9 years | 16.6 years | 16.3 years | 16.3 years | 15.8 years |

Year over year: Employees (consolidated) 0.0% · Revenue (consolidated) +12.8%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Motion Controls systems | 6,460 | 33.1% | -187 | -2.9% |
| Press | 9,140 | 46.9% | 50 | 0.5% |
| Machine | 3,903 | 20.0% | 176 | 4.5% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Motion Controls systems | 33.1% | — | — | -2.9% |
| Press | 46.9% | 22.1% | -24.8 | 0.5% |
| Machine | 20.0% | 77.9% | 57.9 | 4.5% |

Loss-making segment (excluded from profit shares): Motion Controls systems -187 JPY mn

Segment → industry: Machine → Robots & Factory Automation / Machine → Machine Tools / Press → Machine Tools / Motion Controls systems → Industrial Machinery

## 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 | -615 | -3.2% | S100YK6H |
| Capital expenditure | 1,915 | 9.8% | S100YK6H |
| Free cash flow | -2,530 | -13.0% | 算出 |
| Investing cash flow | -1,228 | -6.3% | S100YK6H |
| Financing cash flow | 1,874 | 9.6% | S100YK6H |
| Dividends paid | 172 | 0.9% | S100YK6H |
| Share buyback | 138 | 0.7% | S100YK6H |
| Change in cash | 70 | 0.4% | S100YK6H |
| Cash and equivalents | 3,361 | 17.2% | S100YK6H |

## 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 | 2,846 | 3,960 | 3,233 | 3,290 | 3,361 | S100TTSU, S100W6EU, S100YK6H |
| Total assets | 22,048 | 25,403 | 25,885 | 26,160 | 29,204 | S100R876, S100TTSU, S100W6EU, S100YK6H |
| Net assets | 9,806 | 10,730 | 11,697 | 11,582 | 11,627 | S100TTSU, S100W6EU, S100YK6H |
| Share capital | 1,912 | 1,921 | 1,931 | 1,942 | 1,952 | S100R876, S100TTSU, S100W6EU, S100YK6H |
| Trade receivables | 3,944 | — | — | — | — | S100OJZH |
| Property, plant and equipment | 6,731 | 7,342 | 8,393 | 9,335 | 10,551 | S100R876, S100TTSU, S100W6EU, S100YK6H |
| Intangible assets excluding goodwill | 899 | 900 | 171 | 168 | 177 | S100R876, S100TTSU, S100W6EU, S100YK6H |
| Goodwill | 734 | 744 | — | — | — | S100R876, S100TTSU |
| Investment securities | 1,726 | 1,789 | 2,639 | 2,368 | 2,757 | S100R876, S100TTSU, S100W6EU, S100YK6H |
| Current assets | 12,063 | 14,702 | 13,584 | 13,054 | 14,524 | S100R876, S100TTSU, S100W6EU, S100YK6H |
| Current liabilities | 7,322 | 9,623 | 8,184 | 8,470 | 9,535 | S100R876, S100TTSU, S100W6EU, S100YK6H |
| Trade payables | 1,610 | 1,769 | 1,011 | 1,104 | 1,327 | S100R876, S100TTSU, S100W6EU, S100YK6H |
| Short-term borrowings | 1,111 | 2,563 | 2,666 | 3,418 | 4,386 | S100R876, S100TTSU, S100W6EU, S100YK6H |
| Long-term borrowings | 2,171 | 2,202 | 2,747 | 2,869 | 4,030 | S100R876, S100TTSU, S100W6EU, S100YK6H |
| Total liabilities | 12,241 | 14,673 | 14,187 | 14,577 | 17,577 | S100R876, S100TTSU, S100W6EU, S100YK6H |
| Non-controlling interests | 194 | 215 | 188 | 197 | 168 | S100R876, S100TTSU, S100W6EU, S100YK6H |
| Equity attributable to owners of parent | 7,708 | 8,491 | 8,782 | 8,787 | 8,413 | S100R876, S100TTSU, S100W6EU, S100YK6H |
| Retained earnings | 4,289 | 5,054 | 5,325 | 5,298 | 5,030 | S100R876, S100TTSU, S100W6EU, S100YK6H |
| Treasury stock | -9 | -9 | -9 | -9 | -147 | S100R876, S100TTSU, S100W6EU, S100YK6H |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 12% | S100YK6H |
| Property, plant and equipment | 36% | S100YK6H |
| Intangibles and goodwill | 1% | S100YK6H |
| Investment securities | 9% | S100YK6H |
| Other assets | 42% | S100YK6H |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 4% | S100YK6H |
| Other liabilities | 56% | S100YK6H |
| Equity | 40% | S100YK6H |
| Other liabilities | 0% | S100YK6H |

### 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 | 22,048 | 25,403 | 25,885 | 26,160 | 29,204 |
| Equity | 9,806 | 10,730 | 11,697 | 11,582 | 11,627 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 2,846 | 3,960 | 3,233 | 3,290 | 3,361 |

## 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) | 54.1% | S100YK6H |
| Fixed assets ÷ total assets | 36.1% | S100YK6H |
| Goodwill ÷ parent equity | — | —, S100YK6H |

### 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) | 11.5% |
| Cash ÷ revenue | 17.2% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | -1871.3% |
| Cash vs. profit gap | -518 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 9.8% |
| 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 3.1% | 0.82× | 2.6% | 2.86× | 7.3% | S100R876 |
| 2023 | 4.0% | 0.96× | 3.8% | 2.93× | 11.2% | S100TTSU |
| 2024 | 2.7% | 0.72× | 1.9% | 2.97× | 5.8% | S100W6EU |
| 2025 | 1.0% | 0.66× | 0.7% | 2.96× | 2.0% | S100YK6H |
| 2026 | — | —× | -0.3% | —× | — | S100YK6H |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社日本共創プラットフォーム | Major shareholder | 20.3% | 2026-03-31 |
| 黒田 浩史 | Major shareholder | 5.5% | 2026-03-31 |
| 株式会社みずほ銀行 | Major shareholder | 4.9% | 2026-03-31 |
| ファナック株式会社 | Major shareholder | 3.5% | 2026-03-31 |
| 伊藤忠丸紅鉄鋼株式会社 | Major shareholder | 3.5% | 2026-03-31 |
| 株式会社日本政策投資銀行 | Major shareholder | 3.1% | 2026-03-31 |
| ユーログループ ラミネーションズ エスピーエー （常任代理人 みずほ証券株式会社） | Major shareholder | 3.0% | 2026-03-31 |
| 株式会社横浜銀行 | Major shareholder | 2.7% | 2026-03-31 |
| 黒田精工取引先持株会 | Major shareholder | 2.3% | 2026-03-31 |
| 三井住友信託銀行株式会社 | Major shareholder | 2.2% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第82期(2025/04/01－2026/03/31) | S100YK6H | 2026-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YK6H,, |
| 有価証券報告書－第81期(2024/04/01－2025/03/31) | S100W6EU | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W6EU,, |
| 有価証券報告書－第80期(2023/04/01－2024/03/31) | S100TTSU | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TTSU,, |
| 有価証券報告書－第79期(2022/04/01－2023/03/31) | S100R876 | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R876,, |
| 有価証券報告書－第78期(令和3年4月1日－令和4年3月31日) | S100OJZH | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OJZH,, |
| 訂正有価証券報告書－第77期(令和2年4月1日－令和3年3月31日) | S100NBAK | 2022-02-01 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100NBAK,, |

## 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).