# OKUMURA ENGINEERING CORP.: 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65期(2025/04/01－2026/03/31) (S100YHR0)
> Page: https://vizora.meequs.com/en/company/okumura-engineering
> Retrieved: 2026-09-30T20:27:36.539Z

## Company

Okumura Engineering, founded in 1962, is a company in Industrial Machinery listed on TSE Standard. It has 371 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | OKUMURA ENGINEERING corp. |
| Ticker | 6229 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6229.T) |
| Listing | TSE Standard |
| Head office | 滋賀県蒲生郡日野町大字大谷446番地の1 (上記は登記上の本店所在地であり、実際の業務は 下記「最寄りの連絡場所」で行っております。) |
| Representative (per filing) | 代表取締役社長 奥村 晋一 |
| Founded | May 1962 |
| Share capital | ¥1.19B |
| Employees (consolidated) | 371 |
| Average salary (parent only) | ¥6.2M |
| Fiscal year end | March |
| Website | www.okm-net.jp (https://www.okm-net.jp/) |
| Corporate number | 5160001009813 |
| EDINET | E36098 |
| Industries (Vizora) | Industrial Machinery |

> Profile source: annual securities report (S100YHR0, filed 2026-06-24). As of filing

## Five-axis industry profile

Primary industry: Industrial Machinery (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 33.2 | 110 |
| Profitability | 72.5 | 122 |
| Cash conversion | 68.5 | 116 |
| Efficiency | 72.5 | 122 |

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)

- Okumura Engineering brought in ¥11.1B in revenue.
- Out of every ¥100 of sales, about ¥12 is left as operating profit.
- Revenue changed +6.5% from the prior year, operating profit +65.3%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥11114278000 → ¥798704000
- Net income → operating cash flow: ¥798704000 → ¥2002761000（difference ¥1204057000）
- Main uses of operating cash flow: CapEx ¥187902000 / dividends ¥204074000 / buybacks ¥256935000
- Change in cash: ¥1230541000
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 | ¥11.1B |  |
| Operating income | ¥1.3B | Margin 11.7% |
| Net income | ¥798.7M | Margin 7.2% |
| Free cash flow | ¥1.81B |  |
| Employees (consolidated) | 371 |  |
| EPS | ¥139.36 |  |
| Diluted EPS | ¥138.83 |  |
| Book value per share | ¥2106.13 |  |
| Equity ratio | 81.0% |  |
| Shares outstanding | 4,558,200 |  |
| Treasury shares | 155,000 |  |
| Shareholders | 3,164 |  |
| Average salary (parent only) | ¥6.2M | Filing company only |
| Cash ratio | 24.7% | Cash ÷ revenue 29.6% |
| Vs. industry median margin | +4.1 pp | Industrial Machinery |
| ROE | 8.1% | Derived from disclosed figures |
| ROA | 6.0% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 2.5× net income
- FY2026, buybacks were 1.3× dividends

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥8759358000 | ¥11114278000 | +26.9% |
| Operating income | ¥1009302000 | ¥1295129000 | +28.3% |
| Operating margin | 11.5% | 11.7% | +0.1 pp |
| Employees | 316 people | 371 people | +17.4% |
| Cash and equivalents | ¥2487034000 | ¥3286312000 | +32.1% |

### 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 | 11,114 | 100.0% | S100YHR0 |
| Cost of revenue | 7,037 | 63.3% | S100YHR0 |
| Gross profit | 4,078 | 36.7% | S100YHR0 |
| SG&A | 2,783 | 25.0% | S100YHR0 |
| Operating income | 1,295 | 11.7% | S100YHR0 |
| Ordinary income | 1,288 | 11.6% | S100YHR0 |
| Pretax income | 1,110 | 10.0% | S100YHR0 |
| Income tax | 311 | 2.8% | S100YHR0 |
| Net income | 799 | 7.2% | S100YHR0 |
| Net income attributable to owners | 799 | 7.2% | S100YHR0 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 63 |
| SG&A | 25 |
| Operating income | 12 |
| (Ref.) Net income | 7 |

### Margin funnel

Gross margin 36.7% → Operating margin 11.7% → Net margin 7.2%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +6.5%; Core profit growth: +65.3%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 10.08×
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 | 10,438 | 11,114 | 676 | +6.5% |
| Gross profit | 3,483 | 4,078 | 594 | +17.1% |
| Operating income | 784 | 1,295 | 512 | +65.3% |
| Net income attributable to owners | 553 | 799 | 245 | +44.3% |
| Operating cash flow | 1,121 | 2,003 | 881 | +78.6% |
| Free cash flow | 960 | 1,815 | 855 | +89.0% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 8,852 | 893 | 10.1% | 573 | 1,574 | 731 | S100LTRX |
| FY ending Mar 2021 | 8,759 | 1,009 | 11.5% | 750 | 1,093 | -207 | S100OKGZ |
| FY ending Mar 2022 | 8,456 | 663 | 7.8% | 850 | 993 | 787 | S100R8YZ |
| FY ending Mar 2023 | 9,164 | 823 | 9.0% | 767 | -1,294 | -1,385 | S100TWHR |
| FY ending Mar 2024 | 9,485 | 668 | 7.0% | 511 | 629 | 403 | S100W3WW |
| FY ending Mar 2025 | 10,438 | 784 | 7.5% | 553 | 1,121 | 960 | S100YHR0 |
| FY ending Mar 2026 | 11,114 | 1,295 | 11.7% | 799 | 2,003 | 1,815 | S100YHR0 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥30M |
| Operating income per employee (consolidated) | ¥3.5M |
| Net income per employee (consolidated) | ¥2.2M |

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) | 326 | 334 | 345 | 357 | 371 |
| Average salary (parent company) | ¥5.3M | ¥5.5M | ¥5.8M | ¥6.2M | ¥6.2M |
| Average age (parent company) | 40.7 years | 41.2 years | 40.9 years | 42.5 years | 42.9 years |
| Average tenure (parent company) | 10.8 years | 11.1 years | 10.4 years | 11.4 years | 11.6 years |

Year over year: Employees (consolidated) +3.9% · Revenue (consolidated) +6.5%

## 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 | 2,003 | 18.0% | S100YHR0 |
| Capital expenditure | 188 | 1.7% | S100YHR0 |
| Free cash flow | 1,815 | 16.3% | 算出 |
| Investing cash flow | -136 | -1.2% | S100YHR0 |
| Financing cash flow | -710 | -6.4% | S100YHR0 |
| Dividends paid | 204 | 1.8% | S100YHR0 |
| Share buyback | 257 | 2.3% | S100YHR0 |
| Change in cash | 1,231 | 11.1% | S100YHR0 |
| Cash and equivalents | 3,286 | 29.6% | S100YHR0 |

## 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 | 2,713 | 1,560 | 1,338 | 2,056 | 3,286 | S100TWHR, S100W3WW, S100YHR0 |
| Total assets | 12,366 | 12,575 | 12,598 | 13,164 | 13,331 | S100R8YZ, S100TWHR, S100W3WW, S100YHR0 |
| Net assets | 8,520 | 9,210 | 9,616 | 10,313 | 10,792 | S100TWHR, S100W3WW, S100YHR0 |
| Share capital | 1,178 | 1,179 | 1,181 | 1,186 | 1,195 | S100R8YZ, S100TWHR, S100W3WW, S100YHR0 |
| Property, plant and equipment | 4,022 | 3,871 | 3,817 | 3,824 | 3,809 | S100R8YZ, S100TWHR, S100W3WW, S100YHR0 |
| Intangible assets excluding goodwill | 191 | 167 | 143 | 137 | 121 | S100R8YZ, S100TWHR, S100W3WW, S100YHR0 |
| Investment securities | 47 | 85 | 120 | 142 | 153 | S100R8YZ, S100TWHR, S100W3WW, S100YHR0 |
| Current assets | 7,926 | 8,190 | 8,224 | 8,745 | 8,962 | S100R8YZ, S100TWHR, S100W3WW, S100YHR0 |
| Current liabilities | 2,167 | 2,283 | 2,147 | 2,298 | 2,174 | S100R8YZ, S100TWHR, S100W3WW, S100YHR0 |
| Trade payables | 387 | 416 | 316 | 435 | — | S100R8YZ, S100TWHR, S100W3WW |
| Short-term borrowings | 100 | 200 | 15 | 100 | 58 | S100R8YZ, S100TWHR, S100W3WW, S100YHR0 |
| Long-term borrowings | 1,364 | 947 | 712 | 481 | 265 | S100R8YZ, S100TWHR, S100W3WW, S100YHR0 |
| Total liabilities | 3,845 | 3,365 | 2,982 | 2,851 | 2,539 | S100R8YZ, S100TWHR, S100W3WW, S100YHR0 |
| Equity attributable to owners of parent | 8,427 | 8,990 | 9,325 | 9,707 | 10,063 | S100R8YZ, S100TWHR, S100W3WW, S100YHR0 |
| Retained earnings | 6,141 | 6,703 | 7,034 | 7,406 | 8,000 | S100R8YZ, S100TWHR, S100W3WW, S100YHR0 |
| Treasury stock | -0 | -0 | -0 | -0 | -257 | S100R8YZ, S100TWHR, S100W3WW, S100YHR0 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 25% | S100YHR0 |
| Property, plant and equipment | 28% | S100YHR0 |
| Intangibles and goodwill | 1% | S100YHR0 |
| Investment securities | 1% | S100YHR0 |
| Other assets | 45% | S100YHR0 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 19% | S100YHR0 |
| Equity | 81% | S100YHR0 |

### 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 | 12,366 | 12,575 | 12,598 | 13,164 | 13,331 |
| Equity | 8,520 | 9,210 | 9,616 | 10,313 | 10,792 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 2,713 | 1,560 | 1,338 | 2,056 | 3,286 |

## 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) | 34.3% | S100YHR0 |
| Fixed assets ÷ total assets | 28.6% | S100YHR0 |
| Goodwill ÷ parent equity | — | —, S100YHR0 |

### 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) | 24.7% |
| Cash ÷ revenue | 29.6% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 154.6% |
| Cash vs. profit gap | 1,204 JPY mn (of net income 150.8%) |
| Shareholder returns / net income | 57.7% |
| Shareholder returns / FCF | 25.4% |
| Shareholder payments — dividends / net income | 25.6% |
| Shareholder payments — dividends / FCF | 11.2% |
| CapEx intensity (capex ÷ revenue) | 1.7% |
| Investing CF relative to operating CF | 6.8% |

## 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 | 10.1% | 0.68× | 6.9% | 1.47× | 10.1% | S100R8YZ |
| 2023 | 8.4% | 0.73× | 6.2% | 1.43× | 8.8% | S100TWHR |
| 2024 | 5.4% | 0.75× | 4.1% | 1.37× | 5.6% | S100W3WW |
| 2025 | 5.3% | 0.81× | 4.3% | 1.35× | 5.8% | S100YHR0 |
| 2026 | 7.2% | 0.84× | 6.0% | 1.34× | 8.1% | S100YHR0 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 有限会社クローバー通商 | Major shareholder | 10.4% | 2026-03-31 |
| ＯＫＭ従業員持株会 | Major shareholder | 8.3% | 2026-03-31 |
| 奥村晋一商会株式会社 | Major shareholder | 6.6% | 2026-03-31 |
| 奥村 芳柾 | Major shareholder | 4.2% | 2026-03-31 |
| NOMURA CUSTODY NOMINEESLIMITED OMNIBUS-FULLY PAID(常任代理人 野村證券株式会社) | Major shareholder | 4.0% | 2026-03-31 |
| 株式会社滋賀銀行 | Major shareholder | 3.6% | 2026-03-31 |
| 奥村 勇樹 | Major shareholder | 2.8% | 2026-03-31 |
| 奥村 俊慈 | Major shareholder | 2.5% | 2026-03-31 |
| 株式会社ＫＡ＆Ｙ | Major shareholder | 1.9% | 2026-03-31 |
| 須田 美奈子 | Major shareholder | 1.8% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第65期(2025/04/01－2026/03/31) | S100YHR0 | 2026-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YHR0,, |
| 有価証券報告書－第64期(2024/04/01－2025/03/31) | S100W3WW | 2025-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W3WW,, |
| 有価証券報告書－第63期(2023/04/01－2024/03/31) | S100TWHR | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TWHR,, |
| 有価証券報告書－第62期(2022/04/01－2023/03/31) | S100R8YZ | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R8YZ,, |
| 有価証券報告書－第61期(令和3年4月1日－令和4年3月31日) | S100OKGZ | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OKGZ,, |
| 有価証券報告書－第60期(令和2年4月1日－令和3年3月31日) | S100LTRX | 2021-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LTRX,, |

## 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).