# MITSUMURA PRINTING 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124期(2025/04/01－2026/03/31) (S100YL1G)
> Page: https://vizora.meequs.com/en/company/mitsumura-printing
> Retrieved: 2026-09-30T22:17:38.047Z

## Company

Mitsumura Printing, founded in 1901, is a company in Electronic Components listed on TSE Standard. It has 614 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | MITSUMURA PRINTING CO., LTD. |
| Ticker | 7916 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7916.T) |
| Listing | TSE Standard |
| Head office | 東京都品川区大崎一丁目15番9号 |
| Representative (per filing) | 代表取締役社長 嶋山芳夫 |
| Founded | Oct 1901 |
| Share capital | ¥100M |
| Employees (consolidated) | 614 |
| Average salary (parent only) | ¥4.9M |
| Fiscal year end | March |
| Website | www.mitsumura.co.jp (https://www.mitsumura.co.jp/) |
| Corporate number | 4010701009442 |
| EDINET | E00696 |
| Industries (Vizora) | Electronic Components, Printing, Real Estate Development & Leasing |

> Profile source: annual securities report (S100YL1G, filed 2026-06-25). As of filing

## Five-axis industry profile

Primary industry: Printing (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 6.5 | 23 |
| Profitability | 12.5 | 28 |
| Efficiency | 5.4 | 28 |

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 94% of Mitsumura Printing's sales come from Publishing, with Real estate rent and other and Industrial materials and Electronic parts manufacturing making up much of the rest.
- Operating profit was close to zero, a slight loss per ¥100 of sales.
- Revenue changed -4.2% from the prior year.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥14.1B |  |
| Operating income | -¥69.7M | Margin -0.5% |
| Net income | ¥353.2M | Margin 2.5% |
| Free cash flow | -¥970.2M |  |
| Largest business | Publishing | of segment revenue 94.0% |
| Employees (consolidated) | 614 |  |
| EPS | ¥281.67 |  |
| Book value per share | ¥5656.88 |  |
| Equity ratio | 68.3% |  |
| Shares outstanding | 3,103,420 |  |
| Treasury shares | 40,100 |  |
| Shareholders | 1,959 |  |
| Average salary (parent only) | ¥4.9M | Filing company only |
| Cash ratio | 24.0% | Cash ÷ revenue 45.5% |
| Vs. industry median margin | -3.9 pp | Printing |
| ROE | 2.2% | Derived from disclosed figures |
| ROA | 1.3% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 100% of positive segment profit
- FY2026, segment profit share differs by 97 points

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥15937469000 | ¥14133164000 | -11.3% |
| Operating income | ¥-542792000 | ¥-69663000 | — |
| Operating margin | -3.4% | -0.5% | +2.9 pp |
| Employees | 831 people | 614 people | -26.1% |
| Cash and equivalents | ¥8352235000 | ¥6434278000 | -23.0% |

### 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 |
| --- | ---: |
| 印刷 → 印刷 | 90.5% |
| 電子部品製造 → 事業再編・廃止 | 7.1% |
| 不動産賃貸等 → 不動産賃貸等 | 2.4% |
| 新設・再編 → 印刷 | 3.4% |
| 新設・再編 → 産業資材・電子部品製造 | 2.6% |
| 新設・再編 → 不動産賃貸等 | 1.0% |

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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Publishing | 5 years | -1.6% | ¥13278410000 | -2.8% | 2 |
| Real estate rent and other | 5 years | +5.0% | ¥482313000 | 74.6% | 2 |
| Industrial materials and Electronic parts manufacturing | 2 years | +7.5% | ¥372440000 | -15.6% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 14,133 | 100.0% | S100YL1G |
| Cost of revenue | 11,508 | 81.4% | S100YL1G |
| Gross profit | 2,625 | 18.6% | S100YL1G |
| SG&A | 2,694 | 19.1% | S100YL1G |
| Operating income | -70 | -0.5% | S100YL1G |
| Ordinary income | 23 | 0.2% | S100YL1G |
| Pretax income | 103 | 0.7% | S100YL1G |
| Income tax | -259 | -1.8% | S100YL1G |
| Net income | 362 | 2.6% | S100YL1G |
| Net income attributable to owners | 353 | 2.5% | S100YL1G |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 81 |
| SG&A | 19 |
| Operating income | 0 |
| (Ref.) Net income | 2 |

### Margin funnel

Gross margin 18.6% → Operating margin -0.5% → Net margin 2.5%
Derived from reported figures (DERIVED).

## Year over year（FY ending Mar 2025 → FY ending Mar 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 14,757 | 14,133 | -623 | -4.2% |
| Gross profit | 2,596 | 2,625 | 29 | +1.1% |
| Operating income | -159 | -70 | 89 | — |
| Net income attributable to owners | 71 | 353 | 283 | +400.6% |
| Operating cash flow | 899 | -265 | -1,164 | -129.5% |
| Free cash flow | 159 | -970 | -1,129 | -710.1% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 18,128 | -153 | -0.8% | -348 | 443 | -172 | S100LUAE |
| FY ending Mar 2021 | 15,937 | -543 | -3.4% | 799 | 1,121 | 271 | S100OKY9 |
| FY ending Mar 2022 | 15,413 | 221 | 1.4% | 50 | -1,451 | -3,109 | S100R8P6 |
| FY ending Mar 2023 | 14,791 | -87 | -0.6% | 488 | 1,226 | -242 | S100TWAT |
| FY ending Mar 2024 | 14,701 | -63 | -0.4% | 57 | 469 | -355 | S100W6S9 |
| FY ending Mar 2025 | 14,757 | -159 | -1.1% | 71 | 899 | 159 | S100YL1G |
| FY ending Mar 2026 | 14,133 | -70 | -0.5% | 353 | -265 | -970 | S100YL1G |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥23M |
| Operating income per employee (consolidated) | -¥113.5K |
| Net income per employee (consolidated) | ¥575.3K |

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) | 705 | 677 | 661 | 638 | 614 |
| Average salary (parent company) | ¥4.6M | ¥4.9M | ¥4.9M | ¥5M | ¥4.9M |
| Average age (parent company) | 45.8 years | 46.5 years | 47.1 years | 47.3 years | 47.2 years |
| Average tenure (parent company) | 24.6 years | 25.2 years | 25.7 years | 25.7 years | 25.2 years |

Year over year: Employees (consolidated) -3.8% · Revenue (consolidated) -4.2%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Publishing | 13,278 | 94.0% | -371 | -2.8% |
| Industrial materials and Electronic parts manufacturing | 372 | 2.6% | -58 | -15.6% |
| Real estate rent and other | 482 | 3.4% | 360 | 74.6% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Publishing | 94.0% | — | — | -2.8% |
| Industrial materials and Electronic parts manufacturing | 2.6% | — | — | -15.6% |
| Real estate rent and other | 3.4% | 100.0% | 96.6 | 74.6% |

Loss-making segment (excluded from profit shares): Publishing -371 JPY mn

Loss-making segment (excluded from profit shares): Industrial materials and Electronic parts manufacturing -58 JPY mn

Segment → industry: Industrial materials and Electronic parts manufacturing → Electronic Components / Publishing → Printing / Real estate rent and other → Real Estate Development & Leasing

## 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 | -265 | -1.9% | S100YL1G |
| Capital expenditure | 705 | 5.0% | S100YL1G |
| Free cash flow | -970 | -6.9% | 算出 |
| Investing cash flow | 581 | 4.1% | S100YL1G |
| Financing cash flow | -854 | -6.0% | S100YL1G |
| Dividends paid | 153 | 1.1% | S100YL1G |
| Change in cash | -538 | -3.8% | S100YL1G |
| Cash and equivalents | 6,434 | 45.5% | S100YL1G |

## 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 | 4,723 | 7,150 | 6,483 | 6,972 | 6,434 | S100TWAT, S100W6S9, S100YL1G |
| Total assets | 27,103 | 27,506 | 29,940 | 27,715 | 26,840 | S100R8P6, S100TWAT, S100W6S9, S100YL1G |
| Net assets | 17,187 | 17,541 | 19,165 | 17,770 | 18,527 | S100TWAT, S100W6S9, S100YL1G |
| Share capital | 5,608 | 100 | 100 | 100 | 100 | S100R8P6, S100TWAT, S100W6S9, S100YL1G |
| Property, plant and equipment | 12,276 | 10,869 | 11,183 | 10,933 | 9,694 | S100R8P6, S100TWAT, S100W6S9, S100YL1G |
| Intangible assets excluding goodwill | 75 | 73 | 164 | 140 | 129 | S100R8P6, S100TWAT, S100W6S9, S100YL1G |
| Investment securities | 4,656 | 4,876 | 7,252 | 5,159 | 5,703 | S100R8P6, S100TWAT, S100W6S9, S100YL1G |
| Current assets | 9,134 | 10,775 | 10,218 | 10,377 | 9,913 | S100R8P6, S100TWAT, S100W6S9, S100YL1G |
| Current liabilities | 5,718 | 6,017 | 5,721 | 5,382 | 3,615 | S100R8P6, S100TWAT, S100W6S9, S100YL1G |
| Trade payables | 1,718 | 1,680 | 1,773 | 1,787 | 1,134 | S100R8P6, S100TWAT, S100W6S9, S100YL1G |
| Short-term borrowings | 2,610 | 2,610 | 2,610 | 2,610 | 1,610 | S100R8P6, S100TWAT, S100W6S9, S100YL1G |
| Long-term borrowings | 150 | — | — | — | — | S100R8P6 |
| Total liabilities | 9,916 | 9,965 | 10,774 | 9,945 | 8,313 | S100R8P6, S100TWAT, S100W6S9, S100YL1G |
| Non-controlling interests | 181 | 184 | 188 | 197 | 203 | S100R8P6, S100TWAT, S100W6S9, S100YL1G |
| Equity attributable to owners of parent | 15,673 | 16,008 | 15,911 | 15,828 | 16,028 | S100R8P6, S100TWAT, S100W6S9, S100YL1G |
| Retained earnings | 5,702 | 6,037 | 5,940 | 5,858 | 6,058 | S100R8P6, S100TWAT, S100W6S9, S100YL1G |
| Treasury stock | -87 | -87 | -87 | -87 | -87 | S100R8P6, S100TWAT, S100W6S9, S100YL1G |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 24% | S100YL1G |
| Property, plant and equipment | 36% | S100YL1G |
| Intangibles and goodwill | 1% | S100YL1G |
| Investment securities | 21% | S100YL1G |
| Other assets | 18% | S100YL1G |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 4% | S100YL1G |
| Other liabilities | 27% | S100YL1G |
| Equity | 69% | S100YL1G |
| Other liabilities | 0% | S100YL1G |

### 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 | 27,103 | 27,506 | 29,940 | 27,715 | 26,840 |
| Equity | 17,187 | 17,541 | 19,165 | 17,770 | 18,527 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 4,723 | 7,150 | 6,483 | 6,972 | 6,434 |

## 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) | 68.6% | S100YL1G |
| Fixed assets ÷ total assets | 36.1% | S100YL1G |
| Goodwill ÷ parent equity | — | —, S100YL1G |

### 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) | 24.0% |
| Cash ÷ revenue | 45.5% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | -618 JPY mn (of net income -175.0%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 43.2% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 5.0% |
| 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 0.3% | 0.57× | 0.2% | 1.73× | 0.3% | S100R8P6 |
| 2023 | 3.3% | 0.54× | 1.8% | 1.72× | 3.1% | S100TWAT |
| 2024 | 0.4% | 0.51× | 0.2% | 1.80× | 0.4% | S100W6S9 |
| 2025 | 0.5% | 0.51× | 0.2% | 1.82× | 0.4% | S100YL1G |
| 2026 | 2.5% | 0.52× | 1.3% | 1.71× | 2.2% | S100YL1G |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 三菱製紙株式会社 | Major shareholder | 16.7% | 2026-03-31 |
| ＤＩＣ株式会社 | Major shareholder | 14.9% | 2026-03-31 |
| 株式会社読売新聞グループ本社 | Major shareholder | 7.3% | 2026-03-31 |
| 江口 弘尚 | Major shareholder | 4.2% | 2026-03-31 |
| 株式会社三菱ＵＦＪ銀行 | Major shareholder | 3.4% | 2026-03-31 |
| 株式会社ＳＣＲＥＥＮホールディングス | Major shareholder | 3.3% | 2026-03-31 |
| 永井 詳二 | Major shareholder | 2.9% | 2026-03-31 |
| 株式会社桜井グラフィックシステムズ | Major shareholder | 2.3% | 2026-03-31 |
| 楽天証券株式会社共有口 | Major shareholder | 1.5% | 2026-03-31 |
| 阿部 茂雄 | Major shareholder | 1.5% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第124期(2025/04/01－2026/03/31) | S100YL1G | 2026-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YL1G,, |
| 有価証券報告書－第123期(2024/04/01－2025/03/31) | S100W6S9 | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W6S9,, |
| 有価証券報告書－第122期(2023/04/01－2024/03/31) | S100TWAT | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TWAT,, |
| 有価証券報告書－第121期(2022/04/01－2023/03/31) | S100R8P6 | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R8P6,, |
| 有価証券報告書－第120期(令和3年4月1日－令和4年3月31日) | S100OKY9 | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OKY9,, |
| 有価証券報告書－第119期(令和2年4月1日－令和3年3月31日) | S100LUAE | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LUAE,, |

## 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).