# OM2 Network Co.,Ltd: business model and financials

> Latest period: FY ending Jan 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第67期(2025/02/01－2026/01/31) (S100Y11L)
> Page: https://vizora.meequs.com/en/company/om2-network
> Retrieved: 2026-09-30T22:22:22.773Z

## Company

OM2 Network, founded in 1958, is a company in Meat Processing listed on TSE Standard. It has 753 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | OM2 Network Co.,Ltd. |
| Ticker | 7614 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7614.T) |
| Listing | TSE Standard |
| Head office | 東京都港区芝大門2丁目4番7号 |
| Representative (per filing) | 代表取締役社長 森田 竜太郎 |
| Founded | Dec 1958 |
| Share capital | ¥466.7M |
| Employees (consolidated) | 753 |
| Average salary (parent only) | ¥4.8M |
| Fiscal year end | January |
| Website | www.om2.co.jp (https://www.om2.co.jp/) |
| Corporate number | 5010401041686 |
| EDINET | E03317 |
| Industries (Vizora) | Meat Processing, Restaurants & Pubs |

> Profile source: annual securities report (S100Y11L, filed 2026-04-28). As of filing

## Five-axis industry profile

Primary industry: Meat Processing (2026-01-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 40.9 | 11 |
| Profitability | 77.3 | 11 |
| Cash conversion | 50 | 9 |
| Efficiency | 29.2 | 12 |

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 70% of OM2 Network's sales come from Retail meat products reportable segments, with Food service industry making up much of the rest.
- Out of every ¥100 of sales, about ¥4 is left as operating profit.
- Revenue changed +7.9% from the prior year, operating profit -12.1%.

## Company structure

- Segment revenue mix: Retail meat products reportable segments 70.3%、Food service industry 29.7%
- Revenue → net income: ¥35371072000 → ¥944255000
- Net income → operating cash flow: ¥944255000 → ¥1468201000（difference ¥523946000）
- Main uses of operating cash flow: CapEx ¥380067000 / dividends ¥225731000 / buybacks ¥16000
- Change in cash: ¥1223120000
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 | ¥35.4B |  |
| Operating income | ¥1.3B | Margin 3.7% |
| Net income | ¥944.3M | Margin 2.7% |
| Free cash flow | ¥1.09B |  |
| Largest business | Retail meat products reportable segments | of segment revenue 70.3% |
| Employees (consolidated) | 753 |  |
| EPS | ¥72.8 |  |
| Book value per share | ¥1539.87 |  |
| Equity ratio | 77.4% |  |
| Shares outstanding | 7,335,634 |  |
| Treasury shares | 676,300 |  |
| Shareholders | 1,905 |  |
| Average salary (parent only) | ¥4.8M | Filing company only |
| Cash ratio | 46.4% | Cash ÷ revenue 30.7% |
| Vs. industry median margin | +1.4 pp | Meat Processing |
| ROE | 5.4% | Derived from disclosed figures |
| ROA | 4.2% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 74% of positive segment profit
- FY2026, cash is 46% of total assets

## What changed in 5 years

| Metric | FY ending Jan 2021 | FY ending Jan 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥29579803000 | ¥35371072000 | +19.6% |
| Operating income | ¥1368234000 | ¥1295726000 | -5.3% |
| Operating margin | 4.6% | 3.7% | -1 pp |
| Employees | 541 people | 753 people | +39.2% |
| Cash and equivalents | ¥8773271000 | ¥10841473000 | +23.6% |

### Change in segment revenue mix

Span: FY ending Jan 2021 → FY ending Jan 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 食肉等の小売業 → 食肉等の小売業 | 70.3% |
| 食肉等の小売業 → 事業再編・廃止 | 11.3% |
| 外食業 → 外食業 | 18.4% |
| 新設・再編 → 外食業 | 11.3% |

Segment revenue source references: 4 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 35,371 | 100.0% | S100Y11L |
| Cost of revenue | 21,335 | 60.3% | S100Y11L |
| Gross profit | 14,036 | 39.7% | S100Y11L |
| SG&A | 12,740 | 36.0% | S100Y11L |
| Operating income | 1,296 | 3.7% | S100Y11L |
| Ordinary income | 1,579 | 4.5% | S100Y11L |
| Pretax income | 1,422 | 4.0% | S100Y11L |
| Income tax | 478 | 1.4% | S100Y11L |
| Net income | 944 | 2.7% | S100Y11L |
| Net income attributable to owners | 944 | 2.7% | S100Y11L |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 60 |
| SG&A | 36 |
| Operating income | 4 |
| (Ref.) Net income | 3 |

### Margin funnel

Gross margin 39.7% → Operating margin 3.7% → Net margin 2.7%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +7.9%; Core profit growth: -12.1%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -1.53×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 32,778 | 35,371 | 2,593 | +7.9% |
| Gross profit | 12,647 | 14,036 | 1,389 | +11.0% |
| Operating income | 1,475 | 1,296 | -179 | -12.1% |
| Net income attributable to owners | 1,099 | 944 | -155 | -14.1% |
| Operating cash flow | 1,270 | 1,468 | 198 | +15.6% |
| Free cash flow | 868 | 1,088 | 220 | +25.4% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jan 2020 | 29,962 | 1,066 | 3.6% | 679 | 1,117 | 688 | S100L8EY |
| FY ending Jan 2021 | 29,580 | 1,368 | 4.6% | 689 | 1,224 | 903 | S100NYNQ |
| FY ending Jan 2022 | 29,724 | 1,136 | 3.8% | 973 | 973 | 710 | S100QNMW |
| FY ending Jan 2023 | 31,541 | 1,501 | 4.8% | 887 | 1,846 | 1,690 | S100TBRQ |
| FY ending Jan 2024 | 32,109 | 1,876 | 5.8% | 1,336 | 1,654 | 1,314 | S100VOUD |
| FY ending Jan 2025 | 32,778 | 1,475 | 4.5% | 1,099 | 1,270 | 868 | S100Y11L |
| FY ending Jan 2026 | 35,371 | 1,296 | 3.7% | 944 | 1,468 | 1,088 | S100Y11L |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥47M |
| Operating income per employee (consolidated) | ¥1.7M |
| Net income per employee (consolidated) | ¥1.3M |

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

| History | FY ending Jan 2022 | FY ending Jan 2023 | FY ending Jan 2024 | FY ending Jan 2025 | FY ending Jan 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 594 | 556 | 602 | 715 | 753 |
| Average salary (parent company) | ¥4.6M | ¥4.3M | ¥4.5M | ¥4.8M | ¥4.8M |
| Average age (parent company) | 39.1 years | 39.0 years | 36.3 years | 37.3 years | 36.4 years |
| Average tenure (parent company) | 10.3 years | 8.7 years | 8.6 years | 9.6 years | 8.8 years |

Year over year: Employees (consolidated) +5.3% · Revenue (consolidated) +7.9%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Retail meat products reportable segments | 24,850 | 70.3% | 1,186 | 4.8% |
| Food service industry | 10,521 | 29.7% | 410 | 3.9% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Retail meat products reportable segments | 70.3% | 74.3% | 4.0 | 4.8% |
| Food service industry | 29.7% | 25.7% | -4.0 | 3.9% |

Segment → industry: Retail meat products reportable segments → Meat Processing / Food service industry → Restaurants & Pubs

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Jan 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 1,468 | 4.2% | S100Y11L |
| Capital expenditure | 380 | 1.1% | S100Y11L |
| Free cash flow | 1,088 | 3.1% | 算出 |
| Investing cash flow | -315 | -0.9% | S100Y11L |
| Financing cash flow | 70 | 0.2% | S100Y11L |
| Dividends paid | 226 | 0.6% | S100Y11L |
| Share buyback | 0 | 0.0% | S100Y11L |
| Change in cash | 1,223 | 3.5% | S100Y11L |
| Cash and equivalents | 10,841 | 30.7% | S100Y11L |

## 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 Jan 2022 | FY ending Jan 2023 | FY ending Jan 2024 | FY ending Jan 2025 | FY ending Jan 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 9,220 | 10,952 | 11,870 | 9,618 | 10,841 | S100TBRQ, S100VOUD, S100Y11L |
| Total assets | 18,255 | 19,181 | 20,156 | 22,063 | 23,390 | S100QNMW, S100TBRQ, S100VOUD, S100Y11L |
| Net assets | 14,628 | 15,362 | 16,441 | 17,238 | 18,109 | S100TBRQ, S100VOUD, S100Y11L |
| Share capital | 467 | 467 | 467 | 467 | 467 | S100QNMW, S100TBRQ, S100VOUD, S100Y11L |
| Trade receivables | 361 | — | 411 | 613 | 578 | S100QNMW, S100VOUD, S100Y11L |
| Property, plant and equipment | 1,793 | 1,564 | 1,641 | 3,829 | 3,675 | S100QNMW, S100TBRQ, S100VOUD, S100Y11L |
| Intangible assets excluding goodwill | 353 | 279 | 329 | 557 | 450 | S100QNMW, S100TBRQ, S100VOUD, S100Y11L |
| Goodwill | 258 | 197 | 253 | 465 | 338 | S100QNMW, S100TBRQ, S100VOUD, S100Y11L |
| Investment securities | 2,379 | 2,338 | 2,183 | 2,335 | 2,590 | S100QNMW, S100TBRQ, S100VOUD, S100Y11L |
| Current assets | 12,424 | 13,691 | 14,646 | 12,831 | 14,120 | S100QNMW, S100TBRQ, S100VOUD, S100Y11L |
| Current liabilities | 2,978 | 3,259 | 3,272 | 3,485 | 3,766 | S100QNMW, S100TBRQ, S100VOUD, S100Y11L |
| Long-term borrowings | 191 | 55 | 3 | 407 | 629 | S100QNMW, S100TBRQ, S100VOUD, S100Y11L |
| Total liabilities | 3,628 | 3,819 | 3,715 | 4,825 | 5,281 | S100QNMW, S100TBRQ, S100VOUD, S100Y11L |
| Equity attributable to owners of parent | 14,479 | 15,205 | 16,379 | 17,172 | 17,893 | S100QNMW, S100TBRQ, S100VOUD, S100Y11L |
| Retained earnings | 13,218 | 13,944 | 15,118 | 16,015 | 16,733 | S100QNMW, S100TBRQ, S100VOUD, S100Y11L |
| Treasury stock | -598 | -598 | -598 | -703 | -701 | S100QNMW, S100TBRQ, S100VOUD, S100Y11L |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 46% | S100Y11L |
| Receivables | 3% | S100Y11L |
| Property, plant and equipment | 16% | S100Y11L |
| Intangibles and goodwill | 3% | S100Y11L |
| Investment securities | 11% | S100Y11L |
| Other assets | 21% | S100Y11L |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 23% | S100Y11L |
| Equity | 77% | S100Y11L |
| Other liabilities | 0% | S100Y11L |

### Balance sheet history

| Metric | FY ending Jan 2022 | FY ending Jan 2023 | FY ending Jan 2024 | FY ending Jan 2025 | FY ending Jan 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 18,255 | 19,181 | 20,156 | 22,063 | 23,390 |
| Equity | 14,628 | 15,362 | 16,441 | 17,238 | 18,109 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 9,220 | 10,952 | 11,870 | 9,618 | 10,841 |

## 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) | 10.4% | S100Y11L |
| Fixed assets ÷ total assets | 15.7% | S100Y11L |
| Goodwill ÷ parent equity | 1.9% | S100Y11L |

Goodwill over 4 years: 258 → 338 JPY; total investing cash flow: -3,542 JPY. This does not imply causation.

### 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) | 46.4% |
| Cash ÷ revenue | 30.7% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 113.3% |
| Cash vs. profit gap | 524 JPY mn (of net income 55.5%) |
| Shareholder returns / net income | 23.9% |
| Shareholder returns / FCF | 20.7% |
| Shareholder payments — dividends / net income | 23.9% |
| Shareholder payments — dividends / FCF | 20.7% |
| CapEx intensity (capex ÷ revenue) | 1.1% |
| Investing CF relative to operating CF | 21.5% |

## 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 | 3.3% | 1.63× | 5.3% | 1.26× | 6.7% | S100QNMW |
| 2023 | 2.8% | 1.69× | 4.7% | 1.26× | 6.0% | S100TBRQ |
| 2024 | 4.2% | 1.63× | 6.8% | 1.25× | 8.5% | S100VOUD |
| 2025 | 3.4% | 1.55× | 5.2% | 1.26× | 6.6% | S100Y11L |
| 2026 | 2.7% | 1.56× | 4.2% | 1.30× | 5.4% | S100Y11L |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| エスフーズ株式会社 | Major shareholder | 53.8% | 2026-01-31 |
| オーエムツーネットワーク 取引先持株会 | Major shareholder | 7.9% | 2026-01-31 |
| 株式会社エム | Major shareholder | 3.2% | 2026-01-31 |
| 丸本 敦 | Major shareholder | 2.5% | 2026-01-31 |
| INTERACTIVE BROKERS LLC （常任代理人 インタラクティブ・ブローカーズ証券株式会社） | Major shareholder | 2.3% | 2026-01-31 |
| 日本ハム株式会社 | Major shareholder | 1.4% | 2026-01-31 |
| ハニューフーズ株式会社 | Major shareholder | 1.1% | 2026-01-31 |
| 伊藤ハム株式会社 | Major shareholder | 1.1% | 2026-01-31 |
| 福留ハム株式会社 | Major shareholder | 1.1% | 2026-01-31 |
| 梅田 泰行 | Major shareholder | 1.0% | 2026-01-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第67期(2025/02/01－2026/01/31) | S100Y11L | 2026-04-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Y11L,, |
| 有価証券報告書－第66期(2024/02/01－2025/01/31) | S100VOUD | 2025-04-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VOUD,, |
| 有価証券報告書－第65期(2023/02/01－2024/01/31) | S100TBRQ | 2024-04-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TBRQ,, |
| 有価証券報告書－第64期(2022/02/01－2023/01/31) | S100QNMW | 2023-04-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QNMW,, |
| 有価証券報告書－第63期(令和3年2月1日－令和4年1月31日) | S100NYNQ | 2022-04-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100NYNQ,, |
| 有価証券報告書－第62期(令和2年2月1日－令和3年1月31日) | S100L8EY | 2021-04-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100L8EY,, |

## 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).