# LIFEDRINK COMPANY, INC.: 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54期(2025/04/01－2026/03/31) (S100YIP0)
> Page: https://vizora.meequs.com/en/company/lifedrink
> Retrieved: 2026-09-30T22:15:45.704Z

## Company

Lifedrink Company, founded in 1972, is a company in Beverages & Dairy listed on TSE Prime. It has 835 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | LIFEDRINK COMPANY, INC. |
| Ticker | 2585 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/2585.T) |
| Listing | TSE Prime |
| Head office | 大阪府大阪市北区梅田一丁目13番1号 |
| Representative (per filing) | 代表取締役社長 岡野 邦昭 |
| Founded | Mar 1972 |
| Share capital | ¥1.14B |
| Employees (consolidated) | 835 |
| Average salary (parent only) | ¥5.1M |
| Fiscal year end | March |
| Website | www.ld-company.com (https://www.ld-company.com/) |
| Corporate number | 7120901008940 |
| EDINET | E37165 |
| Industries (Vizora) | Beverages & Dairy |

> Profile source: annual securities report (S100YIP0, filed 2026-06-24). As of filing

## Five-axis industry profile

Primary industry: Beverages & Dairy (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 87.5 | 20 |
| Cash conversion | 32.5 | 20 |
| Efficiency | 72.5 | 20 |

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)

- Lifedrink Company brought in ¥52.7B in revenue.
- Out of every ¥100 of sales, about ¥10 is left as operating profit.
- Revenue changed +18.2% from the prior year, operating profit +12.3%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥52651000000 → ¥3461000000
- Net income → operating cash flow: ¥3461000000 → ¥4951000000（difference ¥1490000000）
- Main uses of operating cash flow: CapEx ¥13225000000 / dividends ¥627000000 / buybacks ¥999000000
- Change in cash: ¥547000000
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 | ¥52.7B |  |
| Operating income | ¥5.33B | Margin 10.1% |
| Net income | ¥3.46B | Margin 6.6% |
| Free cash flow | -¥8.27B |  |
| Employees (consolidated) | 835 |  |
| EPS | ¥59.22 |  |
| Diluted EPS | ¥59.17 |  |
| Book value per share | ¥303.4 |  |
| Equity ratio | 35.0% |  |
| Shares outstanding | 52,328,609 |  |
| Treasury shares | 440,600 |  |
| Shareholders | 11,268 |  |
| Average salary (parent only) | ¥5.1M | Filing company only |
| Cash ratio | 7.6% | Cash ÷ revenue 6.8% |
| Vs. industry median margin | +5.7 pp | Beverages & Dairy |
| ROE | 23.3% | Derived from disclosed figures |
| ROA | 8.6% | Derived from disclosed figures |

## Notable figures

- FY2026, buybacks were 1.6× dividends

## What changed in 5 years

Currency or consolidation scope differs; percentage changes are omitted.

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥22735000000 | ¥52651000000 | — |
| Operating income | ¥1386000000 | ¥5326000000 | — |
| Operating margin | 6.1% | 10.1% | +4 pp |
| Employees | 378 people | 835 people | — |
| Cash and equivalents | ¥2655000000 | ¥3561000000 | — |

### 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.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 52,651 | 100.0% | S100YIP0 |
| Cost of revenue | 28,781 | 54.7% | S100YIP0 |
| Gross profit | 23,869 | 45.3% | S100YIP0 |
| SG&A | 18,543 | 35.2% | S100YIP0 |
| Operating income | 5,326 | 10.1% | S100YIP0 |
| Ordinary income | 5,196 | 9.9% | S100YIP0 |
| Pretax income | 4,955 | 9.4% | S100YIP0 |
| Income tax | 1,493 | 2.8% | S100YIP0 |
| Net income | 3,461 | 6.6% | S100YIP0 |
| Net income attributable to owners | 3,461 | 6.6% | S100YIP0 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 55 |
| SG&A | 35 |
| Operating income | 10 |
| (Ref.) Net income | 7 |

### Margin funnel

Gross margin 45.3% → Operating margin 10.1% → Net margin 6.6%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +18.2%; Core profit growth: +12.3%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): 0.68×
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 | 44,537 | 52,651 | 8,114 | +18.2% |
| Gross profit | 19,456 | 23,869 | 4,413 | +22.7% |
| Operating income | 4,742 | 5,326 | 584 | +12.3% |
| Net income attributable to owners | 3,392 | 3,461 | 69 | +2.0% |
| Operating cash flow | 5,204 | 4,951 | -253 | -4.9% |
| Free cash flow | 1,780 | -8,274 | -10,054 | -564.8% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2021 | 22,735 | 1,386 | 6.1% | 1,402 | 2,114 | 1,505 | S100OKA4 |
| FY ending Mar 2022 | 25,389 | 2,251 | 8.9% | 2,320 | 2,922 | 787 | S100OKA4 |
| FY ending Mar 2023 | 30,250 | 3,116 | 10.3% | 2,076 | 3,774 | 363 | S100TWYD |
| FY ending Mar 2024 | 38,236 | 4,712 | 12.3% | 3,155 | 4,610 | -4,087 | S100W3SF |
| FY ending Mar 2025 | 44,537 | 4,742 | 10.6% | 3,392 | 5,204 | 1,780 | S100YIP0 |
| FY ending Mar 2026 | 52,651 | 5,326 | 10.1% | 3,461 | 4,951 | -8,274 | S100YIP0 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥63.1M |
| Operating income per employee (consolidated) | ¥6.4M |
| Net income per employee (consolidated) | ¥4.1M |

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) | 398 | 498 | 587 | 715 | 835 |
| Average salary (parent company) | ¥4.6M | ¥4.4M | ¥4.8M | ¥4.9M | ¥5.1M |
| Average age (parent company) | 41.2 years | 40.2 years | 40.2 years | 39.7 years | 38.4 years |
| Average tenure (parent company) | 6.1 years | 5.8 years | 5.5 years | 5.4 years | 5.6 years |

Year over year: Employees (consolidated) +16.8% · Revenue (consolidated) +18.2%

## 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 | 4,951 | 9.4% | S100YIP0 |
| Capital expenditure | 13,225 | 25.1% | S100YIP0 |
| Free cash flow | -8,274 | -15.7% | 算出 |
| Investing cash flow | -13,174 | -25.0% | S100YIP0 |
| Financing cash flow | 8,769 | 16.7% | S100YIP0 |
| Dividends paid | 627 | 1.2% | S100YIP0 |
| Share buyback | 999 | 1.9% | S100YIP0 |
| Change in cash | 547 | 1.0% | S100YIP0 |
| Cash and equivalents | 3,561 | 6.8% | S100YIP0 |

## 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 | 3,894 | 4,326 | 3,736 | 3,014 | 3,561 | S100OKA4, S100W3SF, S100YIP0 |
| Total assets | 17,133 | 22,165 | 30,646 | 33,207 | 47,063 | S100OKA4, S100TWYD, S100W3SF, S100YIP0 |
| Net assets | 6,243 | 8,157 | 11,342 | 14,230 | 16,449 | S100OKA4, S100W3SF, S100YIP0 |
| Share capital | 1,045 | 1,071 | 1,095 | 1,114 | 1,138 | S100OKA4, S100TWYD, S100W3SF, S100YIP0 |
| Property, plant and equipment | 6,646 | 9,892 | 17,998 | 19,975 | 29,993 | S100OKA4, S100TWYD, S100W3SF, S100YIP0 |
| Intangible assets excluding goodwill | 60 | 137 | 229 | 310 | 277 | S100OKA4, S100TWYD, S100W3SF, S100YIP0 |
| Investment securities | 20 | 118 | 109 | 123 | 135 | S100OKA4, S100TWYD, S100W3SF, S100YIP0 |
| Current assets | 8,923 | 10,905 | 11,753 | 12,443 | 15,817 | S100OKA4, S100TWYD, S100W3SF, S100YIP0 |
| Current liabilities | 7,720 | 8,397 | 7,645 | 10,811 | 19,284 | S100OKA4, S100TWYD, S100W3SF, S100YIP0 |
| Short-term borrowings | 3,500 | 3,000 | 1,000 | 3,290 | 10,227 | S100OKA4, S100TWYD, S100W3SF, S100YIP0 |
| Long-term borrowings | 2,535 | 5,080 | 11,305 | 7,884 | 10,979 | S100OKA4, S100TWYD, S100W3SF, S100YIP0 |
| Total liabilities | 10,889 | 14,007 | 19,303 | 18,976 | 30,614 | S100OKA4, S100TWYD, S100W3SF, S100YIP0 |
| Equity attributable to owners of parent | 6,243 | 8,117 | 10,959 | 13,906 | 15,789 | S100OKA4, S100TWYD, S100W3SF, S100YIP0 |
| Retained earnings | 3,969 | 5,791 | 8,584 | 11,494 | 14,328 | S100OKA4, S100TWYD, S100W3SF, S100YIP0 |
| Treasury stock | — | 0 | 0 | 0 | -1,000 | S100TWYD, S100W3SF, S100YIP0 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 7% | S100YIP0 |
| Property, plant and equipment | 64% | S100YIP0 |
| Intangibles and goodwill | 1% | S100YIP0 |
| Investment securities | 0% | S100YIP0 |
| Other assets | 28% | S100YIP0 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 65% | S100YIP0 |
| Equity | 35% | S100YIP0 |

### 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 | 17,133 | 22,165 | 30,646 | 33,207 | 47,063 |
| Equity | 6,243 | 8,157 | 11,342 | 14,230 | 16,449 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 3,894 | 4,326 | 3,736 | 3,014 | 3,561 |

## 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) | 57.0% | S100YIP0 |
| Fixed assets ÷ total assets | 63.7% | S100YIP0 |
| Goodwill ÷ parent equity | — | —, S100YIP0 |

### 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) | 7.6% |
| Cash ÷ revenue | 6.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 93.0% |
| Cash vs. profit gap | 1,490 JPY mn (of net income 43.1%) |
| Shareholder returns / net income | 47.0% |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 18.1% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 25.1% |
| Investing CF relative to operating CF | 266.1% |

## 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 | 9.1% | 1.48× | 13.5% | 2.74× | 37.2% | S100OKA4 |
| 2023 | 6.9% | 1.36× | 9.4% | 2.73× | 25.6% | S100TWYD |
| 2024 | 8.3% | 1.45× | 11.9% | 2.77× | 33.1% | S100W3SF |
| 2025 | 7.6% | 1.39× | 10.6% | 2.57× | 27.3% | S100YIP0 |
| 2026 | 6.6% | 1.31× | 8.6% | 2.70× | 23.3% | S100YIP0 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| アイリスオーヤマ株式会社 | Major shareholder | 10.1% | 2026-03-31 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 9.1% | 2026-03-31 |
| ＣＥＰＬＵＸ－ ＴＨＥ ＩＮＤＥＰＥＮＤＥＮＴ ＵＣＩＴＳ ＰＬＡＴＦＯＲＭ ２ （常任代理人 シティバンク、エヌ・エイ東京支店） | Major shareholder | 7.6% | 2026-03-31 |
| 田中将雄 | Major shareholder | 5.2% | 2026-03-31 |
| 株式会社日本カストディ銀行 （信託口） | Major shareholder | 4.4% | 2026-03-31 |
| ＴＨＥ ＣＨＡＳＥ ＭＡＮＨＡＴＴＡＮ ＢＡＮＫ， Ｎ．Ａ． ＬＯＮＤＯＮＳＥＣＳ ＬＥＮＤＩＮＧ ＯＭＮＩＢＵＳ ＡＣＣＯＵＮＴ （常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 3.2% | 2026-03-31 |
| 田中利子 | Major shareholder | 2.9% | 2026-03-31 |
| 田中頼成 | Major shareholder | 2.4% | 2026-03-31 |
| ＪＰモルガン証券株式会社 | Major shareholder | 2.3% | 2026-03-31 |
| 湯川照美 | Major shareholder | 2.2% | 2026-03-31 |
| 田中頼広 | Major shareholder | 2.2% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第54期(2025/04/01－2026/03/31) | S100YIP0 | 2026-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YIP0,, |
| 有価証券報告書－第53期(2024/04/01－2025/03/31) | S100W3SF | 2025-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W3SF,, |
| 有価証券報告書－第52期(2023/04/01－2024/03/31) | S100TWYD | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TWYD,, |
| 有価証券報告書－第51期(2022/04/01－2023/03/31) | S100R8M7 | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R8M7,, |
| 有価証券報告書－第50期(令和3年4月1日－令和4年3月31日) | S100OKA4 | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OKA4,, |

## 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).