# OHMORIYA Co., LTD: business model and financials

> Latest period: FY ending Sep 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第72期(2024/10/01－2025/09/30) (S100XBNR)
> Page: https://vizora.meequs.com/en/company/ohmoriya
> Retrieved: 2026-09-30T20:25:19.801Z

## Company

Ohmoriya, founded in 1955, is a company in Processed Foods listed on TSE Standard. It has 152 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | OHMORIYA Co., LTD. |
| Ticker | 2917 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/2917.T) |
| Listing | TSE Standard |
| Head office | 大阪市此花区西九条1丁目1番60号 |
| Representative (per filing) | 代表取締役社長 稲野達郎 |
| Founded | Mar 1955 |
| Share capital | ¥814.3M |
| Employees (consolidated) | 152 |
| Average salary (parent only) | ¥5.9M |
| Fiscal year end | September |
| Corporate number | 1120001034595 |
| EDINET | E00495 |
| Industries (Vizora) | Processed Foods |

> Profile source: annual securities report (S100XBNR, filed 2025-12-22). As of filing

## Five-axis industry profile

Primary industry: Processed Foods (2025-09-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 9.8 | 56 |
| Profitability | 4.2 | 60 |
| Efficiency | 22.5 | 60 |

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)

- Ohmoriya brought in ¥16.5B in revenue.
- Operating profit was close to zero, a slight loss per ¥100 of sales.
- Revenue changed +1.3% from the prior year, operating profit -124.7%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥16.5B |  |
| Operating income | -¥66.7M | Margin -0.4% |
| Net income | -¥73.7M | Margin -0.4% |
| Free cash flow | -¥6.92B |  |
| Employees (consolidated) | 152 |  |
| EPS | ¥-15.09 |  |
| Book value per share | ¥2303.13 |  |
| Equity ratio | 48.9% |  |
| Shares outstanding | 5,098,096 |  |
| Treasury shares | 117,300 |  |
| Shareholders | 2,219 |  |
| Average salary (parent only) | ¥5.9M | Filing company only |
| Cash ratio | 5.9% | Cash ÷ revenue 8.4% |
| Vs. industry median margin | -4.4 pp | Processed Foods |
| ROA | -0.4% | Derived from disclosed figures |

## What changed in 5 years

| Metric | FY ending Sep 2020 | FY ending Sep 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥18060775000 | ¥16511214000 | -8.6% |
| Operating income | ¥342746000 | ¥-66719000 | -119.5% |
| Operating margin | 1.9% | -0.4% | -2.3 pp |
| Employees | 131 people | 152 people | +16.0% |
| Cash and equivalents | ¥779782000 | ¥1380097000 | +77.0% |

### Change in segment revenue mix

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

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 16,511 | 100.0% | S100XBNR |
| Cost of revenue | 14,578 | 88.3% | S100XBNR |
| Gross profit | 1,933 | 11.7% | S100XBNR |
| SG&A | 2,000 | 12.1% | S100XBNR |
| Operating income | -67 | -0.4% | S100XBNR |
| Ordinary income | -99 | -0.6% | S100XBNR |
| Pretax income | -74 | -0.4% | S100XBNR |
| Income tax | -0 | -0.0% | S100XBNR |
| Net income | -74 | -0.4% | S100XBNR |
| Net income attributable to owners | -74 | -0.4% | S100XBNR |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 88 |
| SG&A | 12 |
| Operating income | 0 |
| (Ref.) Net income | 0 |

### Margin funnel

Gross margin 11.7% → Operating margin -0.4% → Net margin -0.4%
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 Sep 2024 → FY ending Sep 2025、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 16,305 | 16,511 | 206 | +1.3% |
| Gross profit | 2,172 | 1,933 | -239 | -11.0% |
| Operating income | 270 | -67 | -336 | -124.7% |
| Net income attributable to owners | 180 | -74 | -254 | -140.9% |
| Operating cash flow | -1,704 | -5,011 | -3,307 | — |
| Free cash flow | -1,979 | -6,917 | -4,938 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Sep 2019 | 18,471 | 361 | 2.0% | 232 | -450 | -983 | S100KDRH |
| FY ending Sep 2020 | 18,061 | 343 | 1.9% | 184 | -386 | -623 | S100N3IB |
| FY ending Sep 2021 | 17,904 | 471 | 2.6% | 332 | 1,404 | 765 | S100PU3L |
| FY ending Sep 2022 | 14,165 | 551 | 3.9% | 681 | 1,166 | 1,126 | S100SI0U |
| FY ending Sep 2023 | 14,239 | 375 | 2.6% | 245 | -761 | -946 | S100UZ49 |
| FY ending Sep 2024 | 16,305 | 270 | 1.7% | 180 | -1,704 | -1,979 | S100XBNR |
| FY ending Sep 2025 | 16,511 | -67 | -0.4% | -74 | -5,011 | -6,917 | S100XBNR |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥108.6M |
| Operating income per employee (consolidated) | -¥438.9K |
| Net income per employee (consolidated) | -¥484.9K |

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

| History | FY ending Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 134 | 141 | 139 | 150 | 152 |
| Average salary (parent company) | ¥5.5M | ¥5.5M | ¥5.7M | ¥5.8M | ¥5.9M |
| Average age (parent company) | 45.4 years | 45.4 years | 45.5 years | 46.0 years | 46.8 years |
| Average tenure (parent company) | 16.7 years | 16.5 years | 16.3 years | 15.8 years | 16.5 years |

Year over year: Employees (consolidated) +1.3% · Revenue (consolidated) +1.3%

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -5,011 | -30.3% | S100XBNR |
| Capital expenditure | 1,906 | 11.5% | S100XBNR |
| Free cash flow | -6,917 | -41.9% | 算出 |
| Investing cash flow | -1,868 | -11.3% | S100XBNR |
| Financing cash flow | 7,166 | 43.4% | S100XBNR |
| Dividends paid | 74 | 0.5% | S100XBNR |
| Share buyback | 20 | 0.1% | S100XBNR |
| Change in cash | 293 | 1.8% | S100XBNR |
| Cash and equivalents | 1,380 | 8.4% | S100XBNR |

## 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 Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 1,798 | 3,183 | 2,020 | 1,087 | 1,380 | S100SI0U, S100UZ49, S100XBNR |
| Total assets | 13,927 | 14,778 | 14,838 | 15,706 | 23,557 | S100PU3L, S100SI0U, S100UZ49, S100XBNR |
| Net assets | 10,693 | 11,279 | 11,548 | 11,658 | 11,528 | S100SI0U, S100UZ49, S100XBNR |
| Share capital | 814 | 814 | 814 | 814 | 814 | S100PU3L, S100SI0U, S100UZ49, S100XBNR |
| Trade receivables | 2,872 | 2,912 | 3,108 | 3,002 | — | S100PU3L, S100SI0U, S100UZ49 |
| Inventories | 5,880 | 5,471 | 6,287 | 8,119 | 12,593 | S100PU3L, S100SI0U, S100UZ49, S100XBNR |
| Property, plant and equipment | 2,712 | 2,518 | 2,509 | 2,583 | 5,064 | S100PU3L, S100SI0U, S100UZ49, S100XBNR |
| Intangible assets excluding goodwill | 38 | 34 | 28 | 46 | 83 | S100PU3L, S100SI0U, S100UZ49, S100XBNR |
| Investment securities | 435 | 404 | 544 | 567 | 578 | S100PU3L, S100SI0U, S100UZ49, S100XBNR |
| Current assets | 10,592 | 11,652 | 11,658 | 12,413 | 17,728 | S100PU3L, S100SI0U, S100UZ49, S100XBNR |
| Current liabilities | 2,336 | 2,717 | 2,597 | 3,403 | 9,829 | S100PU3L, S100SI0U, S100UZ49, S100XBNR |
| Trade payables | 796 | 878 | 1,278 | 901 | 729 | S100PU3L, S100SI0U, S100UZ49, S100XBNR |
| Short-term borrowings | 113 | 109 | 55 | 1,200 | 6,700 | S100PU3L, S100SI0U, S100XBNR |
| Long-term borrowings | 435 | 325 | 270 | 230 | 1,803 | S100PU3L, S100SI0U, S100UZ49, S100XBNR |
| Total liabilities | 3,234 | 3,499 | 3,290 | 4,048 | 12,028 | S100PU3L, S100SI0U, S100UZ49, S100XBNR |
| Equity attributable to owners of parent | 10,602 | 11,208 | 11,352 | 11,425 | 11,257 | S100PU3L, S100SI0U, S100UZ49, S100XBNR |
| Retained earnings | 8,801 | 9,407 | 9,550 | 9,655 | 9,506 | S100PU3L, S100SI0U, S100UZ49, S100XBNR |
| Treasury stock | -57 | -57 | -57 | -88 | -108 | S100PU3L, S100SI0U, S100UZ49, S100XBNR |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 6% | S100XBNR |
| Inventories | 54% | S100XBNR |
| Property, plant and equipment | 22% | S100XBNR |
| Intangibles and goodwill | 0% | S100XBNR |
| Investment securities | 2% | S100XBNR |
| Other assets | 16% | S100XBNR |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 3% | S100XBNR |
| Other liabilities | 48% | S100XBNR |
| Equity | 49% | S100XBNR |

### Balance sheet history

| Metric | FY ending Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 13,927 | 14,778 | 14,838 | 15,706 | 23,557 |
| Equity | 10,693 | 11,279 | 11,548 | 11,658 | 11,528 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 1,798 | 3,183 | 2,020 | 1,087 | 1,380 |

## 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) | 30.7% | S100XBNR |
| Fixed assets ÷ total assets | 21.5% | S100XBNR |
| Goodwill ÷ parent equity | — | —, S100XBNR |

### 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) | 5.9% |
| Cash ÷ revenue | 8.4% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | -4,937 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 11.5% |
| 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 | 1.9% | 1.29× | 2.4% | 1.31× | 3.1% | S100PU3L |
| 2022 | 4.8% | 0.99× | 4.7% | 1.32× | 6.2% | S100SI0U |
| 2023 | 1.7% | 0.96× | 1.7% | 1.31× | 2.2% | S100UZ49 |
| 2024 | 1.1% | 1.07× | 1.2% | 1.34× | 1.6% | S100XBNR |
| 2025 | — | —× | -0.4% | —× | — | S100XBNR |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 大森屋共栄持株会 | Major shareholder | 8.9% | 2025-09-30 |
| 稲 野 達 郎 | Major shareholder | 6.2% | 2025-09-30 |
| 稲 野 貴 之 | Major shareholder | 5.8% | 2025-09-30 |
| 稲 野 節 子 | Major shareholder | 3.6% | 2025-09-30 |
| 稲 野 惠 子 | Major shareholder | 3.0% | 2025-09-30 |
| 株式会社三井住友銀行 | Major shareholder | 2.8% | 2025-09-30 |
| 株式会社三菱ＵＦＪ銀行 | Major shareholder | 2.8% | 2025-09-30 |
| 大森屋社員持株会 | Major shareholder | 2.4% | 2025-09-30 |
| 岡 本 雅 美 | Major shareholder | 1.7% | 2025-09-30 |
| 稲 野 智 久 | Major shareholder | 1.6% | 2025-09-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第72期(2024/10/01－2025/09/30) | S100XBNR | 2025-12-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XBNR,, |
| 有価証券報告書－第71期(2023/10/01－2024/09/30) | S100UZ49 | 2024-12-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UZ49,, |
| 有価証券報告書－第70期(2022/10/01－2023/09/30) | S100SI0U | 2023-12-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100SI0U,, |
| 有価証券報告書－第69期(令和3年10月1日－令和4年9月30日) | S100PU3L | 2022-12-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PU3L,, |
| 有価証券報告書－第68期(令和2年10月1日－令和3年9月30日) | S100N3IB | 2021-12-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100N3IB,, |
| 有価証券報告書－第67期(令和1年10月1日－令和2年9月30日) | S100KDRH | 2020-12-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100KDRH,, |

## 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).