# KYOTO KIMONO YUZEN HOLDINGS 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55期(2025/04/01－2026/03/31) (S100YH5X)
> Page: https://vizora.meequs.com/en/company/kyoto-kimono-yuzen-holdings
> Retrieved: 2026-09-30T22:45:41.978Z

## Company

Kyoto Kimono Yuzen Holdings, founded in 1971, is a company in Apparel listed on TSE Standard. It has 335 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | KYOTO KIMONO YUZEN HOLDINGS Co.,Ltd. |
| Ticker | 7615 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7615.T) |
| Listing | TSE Standard |
| Head office | 東京都中央区日本橋大伝馬町14番1号 |
| Representative (per filing) | 代表取締役社長 浅香竜也 |
| Founded | Aug 1971 |
| Share capital | ¥642.7M |
| Employees (consolidated) | 335 |
| Average salary (parent only) | ¥3.7M |
| Fiscal year end | March |
| Website | www.kyotokimonoyuzenholdings.co.jp (https://www.kyotokimonoyuzenholdings.co.jp/) |
| Corporate number | 7010001040938 |
| EDINET | E03320 |
| Industries (Vizora) | Apparel |

> Profile source: annual securities report (S100YH5X, filed 2026-06-23). As of filing

## Five-axis industry profile

Primary industry: Apparel (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 15.5 | 55 |
| Profitability | 56.6 | 61 |
| Cash conversion | 94.7 | 47 |
| Efficiency | 25.4 | 61 |

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)

- Kyoto Kimono Yuzen Holdings brought in ¥5.95B in revenue.
- Out of every ¥100 of sales, about ¥4 is left as operating profit.
- Revenue changed +15.3% from the prior year, and it swung back to an operating profit.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥5951600000 → ¥221413000
- Net income → operating cash flow: ¥221413000 → ¥939556000（difference ¥718143000）
- Main uses of operating cash flow: CapEx ¥51583000 / dividends ¥295000 / buybacks ¥5000
- Change in cash: ¥1352833000
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 | ¥5.95B |  |
| Operating income | ¥259M | Margin 4.4% |
| Net income | ¥221.4M | Margin 3.7% |
| Free cash flow | ¥888M |  |
| Employees (consolidated) | 335 |  |
| EPS | ¥13.24 |  |
| Diluted EPS | ¥12.33 |  |
| Book value per share | ¥124.7 |  |
| Equity ratio | 37.9% |  |
| Shares outstanding | 21,614,700 |  |
| Treasury shares | 915,100 |  |
| Shareholders | 12,141 |  |
| Average salary (parent only) | ¥3.7M | Filing company only |
| Cash ratio | 36.9% | Cash ÷ revenue 50.6% |
| Vs. industry median margin | +1.3 pp | Apparel |
| ROE | 8.7% | Derived from disclosed figures |
| ROA | 2.9% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 4.2× net income
- FY2026, cash is 37% of total assets

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥7668004000 | ¥5951600000 | -22.4% |
| Operating income | ¥63012000 | ¥259035000 | +311.1% |
| Operating margin | 0.8% | 4.4% | +3.5 pp |
| Employees | 550 people | 335 people | -39.1% |
| Cash and equivalents | ¥4280960000 | ¥3013682000 | -29.6% |

### 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 |
| --- | ---: |
| 和装関連事業 → 事業再編・廃止 | 48.1% |
| 和装店舗運営事業 → 事業再編・廃止 | 49.5% |
| 金融サービス事業 → 事業再編・廃止 | 1.9% |
| その他事業 → 事業再編・廃止 | 0.5% |

Segment revenue source references: 4 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 5,952 | 100.0% | S100YH5X |
| Cost of revenue | 2,294 | 38.5% | S100YH5X |
| Gross profit | 3,658 | 61.5% | S100YH5X |
| SG&A | 3,399 | 57.1% | S100YH5X |
| Operating income | 259 | 4.4% | S100YH5X |
| Ordinary income | 258 | 4.3% | S100YH5X |
| Pretax income | 254 | 4.3% | S100YH5X |
| Income tax | 33 | 0.5% | S100YH5X |
| Net income | 221 | 3.7% | S100YH5X |
| Net income attributable to owners | 221 | 3.7% | S100YH5X |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 39 |
| SG&A | 57 |
| Operating income | 4 |
| (Ref.) Net income | 4 |

### Margin funnel

Gross margin 61.5% → Operating margin 4.4% → Net margin 3.7%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Turned profitable
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 | 5,161 | 5,952 | 790 | +15.3% |
| Gross profit | 3,028 | 3,658 | 630 | +20.8% |
| Operating income | -735 | 259 | 994 | — |
| Net income attributable to owners | -923 | 221 | 1,145 | — |
| Operating cash flow | -268 | 940 | 1,208 | — |
| Free cash flow | -332 | 888 | 1,220 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 10,514 | -378 | -3.6% | -420 | -148 | -209 | S100LSZA |
| FY ending Mar 2021 | 7,668 | 63 | 0.8% | 77 | -651 | -739 | S100OHIR |
| FY ending Mar 2022 | 8,484 | 4 | 0.1% | -185 | -335 | -451 | S100RARA |
| FY ending Mar 2023 | 8,330 | -286 | -3.4% | -469 | -444 | -502 | S100TX0O |
| FY ending Mar 2024 | 7,023 | -1,040 | -14.8% | -1,343 | -641 | -705 | S100W7ST |
| FY ending Mar 2025 | 5,161 | -735 | -14.2% | -923 | -268 | -332 | S100YH5X |
| FY ending Mar 2026 | 5,952 | 259 | 4.4% | 221 | 940 | 888 | S100YH5X |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥17.8M |
| Operating income per employee (consolidated) | ¥773.2K |
| Net income per employee (consolidated) | ¥660.9K |

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) | 537 | 496 | 437 | 361 | 335 |
| Average salary (parent company) | ¥4.4M | ¥4.3M | ¥3.8M | ¥3.9M | ¥3.7M |
| Average age (parent company) | 43.6 years | 42.4 years | 42.0 years | 43.6 years | 43.7 years |
| Average tenure (parent company) | 14.2 years | 11.0 years | 13.4 years | 14.8 years | 13.9 years |

Year over year: Employees (consolidated) -7.2% · Revenue (consolidated) +15.3%

## 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 | 940 | 15.8% | S100YH5X |
| Capital expenditure | 52 | 0.9% | S100YH5X |
| Free cash flow | 888 | 14.9% | 算出 |
| Investing cash flow | -133 | -2.2% | S100YH5X |
| Financing cash flow | 546 | 9.2% | S100YH5X |
| Dividends paid | 0 | 0.0% | S100YH5X |
| Share buyback | 0 | 0.0% | S100YH5X |
| Change in cash | 1,353 | 22.7% | S100YH5X |
| Cash and equivalents | 3,014 | 50.6% | S100YH5X |

## 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 | 3,963 | 3,226 | 2,470 | 1,661 | 3,014 | S100TX0O, S100W7ST, S100YH5X |
| Total assets | 11,857 | 10,898 | 8,915 | 7,277 | 8,160 | S100RARA, S100TX0O, S100W7ST, S100YH5X |
| Net assets | 4,788 | 4,111 | 2,710 | 1,979 | 3,098 | S100TX0O, S100W7ST, S100YH5X |
| Share capital | 1,216 | 100 | 100 | 196 | 643 | S100RARA, S100TX0O, S100W7ST, S100YH5X |
| Property, plant and equipment | 233 | 110 | 0 | 0 | 210 | S100RARA, S100TX0O, S100W7ST, S100YH5X |
| Intangible assets excluding goodwill | 74 | 57 | 0 | 0 | 2 | S100RARA, S100TX0O, S100W7ST, S100YH5X |
| Investment securities | 0 | — | — | 0 | 100 | S100OHIR, S100YH5X |
| Current assets | 9,146 | 8,360 | 6,779 | 5,305 | 5,969 | S100RARA, S100TX0O, S100W7ST, S100YH5X |
| Current liabilities | 6,628 | 6,321 | 5,785 | 4,968 | 4,544 | S100RARA, S100TX0O, S100W7ST, S100YH5X |
| Short-term borrowings | 1,400 | 1,400 | 1,300 | 581 | 250 | S100RARA, S100TX0O, S100W7ST, S100YH5X |
| Total liabilities | 7,069 | 6,787 | 6,204 | 5,297 | 5,062 | S100RARA, S100TX0O, S100W7ST, S100YH5X |
| Equity attributable to owners of parent | 4,788 | 4,111 | 2,710 | 1,979 | 3,094 | S100RARA, S100TX0O, S100W7ST, S100YH5X |
| Retained earnings | 5,195 | 4,312 | 2,877 | 1,954 | 2,101 | S100RARA, S100TX0O, S100W7ST, S100YH5X |
| Treasury stock | -3,028 | -765 | -731 | -731 | -656 | S100RARA, S100TX0O, S100W7ST, S100YH5X |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 37% | S100YH5X |
| Property, plant and equipment | 3% | S100YH5X |
| Intangibles and goodwill | 0% | S100YH5X |
| Investment securities | 1% | S100YH5X |
| Other assets | 59% | S100YH5X |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 62% | S100YH5X |
| Equity | 38% | S100YH5X |

### 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 | 11,857 | 10,898 | 8,915 | 7,277 | 8,160 |
| Equity | 4,788 | 4,111 | 2,710 | 1,979 | 3,098 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 3,963 | 3,226 | 2,470 | 1,661 | 3,014 |

## 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) | 3.5% | S100YH5X |
| Fixed assets ÷ total assets | 2.6% | S100YH5X |
| Goodwill ÷ parent equity | — | —, S100YH5X |

### 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) | 36.9% |
| Cash ÷ revenue | 50.6% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 362.7% |
| Cash vs. profit gap | 718 JPY mn (of net income 324.3%) |
| Shareholder returns / net income | 0.1% |
| Shareholder returns / FCF | 0.0% |
| Shareholder payments — dividends / net income | 0.1% |
| Shareholder payments — dividends / FCF | 0.0% |
| CapEx intensity (capex ÷ revenue) | 0.9% |
| Investing CF relative to operating CF | 14.1% |

## 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 | — | —× | -1.6% | —× | — | S100RARA |
| 2023 | — | —× | -4.1% | —× | — | S100TX0O |
| 2024 | — | —× | -13.6% | —× | — | S100W7ST |
| 2025 | — | —× | -11.4% | —× | — | S100YH5X |
| 2026 | 3.7% | 0.77× | 2.9% | 3.04× | 8.7% | S100YH5X |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社ナガホリ | Major shareholder | 3.9% | 2026-03-31 |
| 楽天証券株式会社共有口 | Major shareholder | 2.5% | 2026-03-31 |
| 株式会社ＳＢＩ証券 | Major shareholder | 2.5% | 2026-03-31 |
| 小 山 忠 人 | Major shareholder | 2.4% | 2026-03-31 |
| BNYM SA／NV FOR BNYM FOR BNY GCM CLIENT ACCOUNTS M LSCB RD（常任代理人 株式会社三菱ＵＦＪ銀行） | Major shareholder | 2.2% | 2026-03-31 |
| 久 保 田 正 明 | Major shareholder | 1.8% | 2026-03-31 |
| 河 村 英 博 | Major shareholder | 1.7% | 2026-03-31 |
| 日本証券金融株式会社 | Major shareholder | 1.6% | 2026-03-31 |
| 橋 本 正 人 | Major shareholder | 1.4% | 2026-03-31 |
| NOMURA INTERNATIONAL PLC A／C JAPAN FLOW（常任代理人 野村證券株式会社） | Major shareholder | 1.3% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第55期(2025/04/01－2026/03/31) | S100YH5X | 2026-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YH5X,, |
| 有価証券報告書－第54期(2024/04/01－2025/03/31) | S100W7ST | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W7ST,, |
| 有価証券報告書－第53期(2023/04/01－2024/03/31) | S100TX0O | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TX0O,, |
| 訂正有価証券報告書－第52期(2022/04/01－2023/03/31) | S100RARA | 2023-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RARA,, |
| 有価証券報告書－第51期(令和3年4月1日－令和4年3月31日) | S100OHIR | 2022-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OHIR,, |
| 有価証券報告書－第50期(令和2年4月1日－令和3年3月31日) | S100LSZA | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LSZA,, |

## 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).