# OMIKENSHI CO.,LTD.: business model and financials

> Latest period: FY ending Mar 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第160期(2024/04/01－2025/03/31) (S100W6WQ)
> Page: https://vizora.meequs.com/en/company/omikenshi
> Retrieved: 2026-09-30T22:09:01.109Z

## Company

Omikenshi, founded in 1917, is a company in Textiles & Fibers listed on TSE Standard. It has 83 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | OMIKENSHI CO.,LTD. |
| Ticker | 3111 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3111.T) |
| Listing | TSE Standard |
| Head office | 大阪市中央区南本町四丁目1番1号 |
| Representative (per filing) | 代表取締役社長 髙口 彰 |
| Founded | Aug 1917 |
| Share capital | ¥100M |
| Employees (consolidated) | 83 |
| Average salary (parent only) | ¥5.3M |
| Fiscal year end | March |
| Website | omikenshi.co.jp (https://omikenshi.co.jp/) |
| Corporate number | 9120001077372 |
| EDINET | E00531 |
| Industries (Vizora) | Textiles & Fibers, Processed Foods, Real Estate Development & Leasing |

> Profile source: annual securities report (S100W6WQ, filed 2025-06-27). As of filing

## Five-axis industry profile

Primary industry: Textiles & Fibers (2025-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 10.7 | 14 |
| Profitability | 90.6 | 16 |
| Cash conversion | 4.2 | 12 |
| Efficiency | 3.1 | 16 |

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 50% of Omikenshi's sales come from Textile industry, with Real estate and Other making up much of the rest.
- Out of every ¥100 of sales, about ¥7 is left as operating profit.
- Revenue changed +12.6% from the prior year, and it swung back to an operating profit.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥3.41B |  |
| Operating income | ¥235M | Margin 6.9% |
| Net income | ¥300M | Margin 8.8% |
| Free cash flow | -¥1.45B |  |
| Largest business | Textile industry | of segment revenue 49.6% |
| Employees (consolidated) | 83 |  |
| EPS | ¥17.66 |  |
| Diluted EPS | ¥14.57 |  |
| Book value per share | ¥134.68 |  |
| Equity ratio | 12.1% |  |
| Shares outstanding | 6,602,000 |  |
| Treasury shares | 5,300 |  |
| Shareholders | 4,081 |  |
| Average salary (parent only) | ¥5.3M | Filing company only |
| Cash ratio | 5.9% | Cash ÷ revenue 27.5% |
| Vs. industry median margin | +3.5 pp | Textiles & Fibers |
| ROE | 17.5% | Derived from disclosed figures |
| ROA | 1.8% | Derived from disclosed figures |

## Notable figures

- FY2025, one segment accounts for 99% of positive segment profit
- FY2025, segment profit share differs by 63 points
- FY2025, parent-company salary changed +22% over five years

## What changed in 5 years

| Metric | FY ending Mar 2020 | FY ending Mar 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥9026000000 | ¥3407000000 | -62.3% |
| Operating income | ¥-207000000 | ¥235000000 | — |
| Operating margin | -2.3% | 6.9% | +9.2 pp |
| Employees | 257 people | 83 people | -67.7% |
| Cash and equivalents | ¥829000000 | ¥937000000 | +13.0% |

### Change in segment revenue mix

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

| Flow | Revenue share |
| --- | ---: |
| 繊維 → 繊維 | 49.6% |
| 繊維 → 事業再編・廃止 | 28.2% |
| 不動産 → 不動産 | 13.7% |
| 食品 → 食品 | 2.1% |
| その他 → その他 | 6.4% |
| 新設・再編 → 不動産 | 22.7% |
| 新設・再編 → 食品 | 1.9% |
| 新設・再編 → その他 | 3.6% |

Segment revenue source references: 8 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Textile industry | 5 years | -24.8% | ¥1688000000 | -7.6% | 2 |
| Real estate | 5 years | +0.1% | ¥1240000000 | 68.4% | 2 |
| Other | 5 years | -10.1% | ¥342000000 | 1.5% | 2 |
| Food | 5 years | -6.4% | ¥135000000 | -56.3% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 3,407 | 100.0% | S100W6WQ |
| Cost of revenue | 2,021 | 59.3% | S100W6WQ |
| Gross profit | 1,385 | 40.7% | S100W6WQ |
| SG&A | 1,149 | 33.7% | S100W6WQ |
| Operating income | 235 | 6.9% | S100W6WQ |
| Ordinary income | 6 | 0.2% | S100W6WQ |
| Pretax income | 394 | 11.6% | S100W6WQ |
| Income tax | 93 | 2.7% | S100W6WQ |
| Net income | 300 | 8.8% | S100W6WQ |
| Net income attributable to owners | 300 | 8.8% | S100W6WQ |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 59 |
| SG&A | 34 |
| Operating income | 7 |
| (Ref.) Net income | 9 |

### Margin funnel

Gross margin 40.7% → Operating margin 6.9% → Net margin 8.8%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Turned profitable
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Mar 2024 → FY ending Mar 2025、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 3,027 | 3,407 | 380 | +12.6% |
| Gross profit | 1,242 | 1,385 | 143 | +11.5% |
| Operating income | -67 | 235 | 302 | — |
| Net income attributable to owners | -2,417 | 300 | 2,717 | — |
| Operating cash flow | -1,403 | -517 | 886 | — |
| Free cash flow | -1,924 | -1,451 | 473 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2019 | 9,746 | 148 | 1.5% | -840 | 105 | -134 | S100IZEF |
| FY ending Mar 2020 | 9,026 | -207 | -2.3% | -2,367 | -308 | -635 | S100LRLW |
| FY ending Mar 2021 | 6,788 | -187 | -2.8% | 1,040 | -1,598 | -1,938 | S100OIO0 |
| FY ending Mar 2022 | 3,980 | 175 | 4.4% | -375 | -1,237 | -1,414 | S100R8CV |
| FY ending Mar 2023 | 3,122 | -90 | -2.9% | -1,114 | -1,416 | -1,532 | S100TTMH |
| FY ending Mar 2024 | 3,027 | -67 | -2.2% | -2,417 | -1,403 | -1,924 | S100W6WQ |
| FY ending Mar 2025 | 3,407 | 235 | 6.9% | 300 | -517 | -1,451 | S100W6WQ |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥41M |
| Operating income per employee (consolidated) | ¥2.8M |
| Net income per employee (consolidated) | ¥3.6M |

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

| History | FY ending Mar 2021 | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 112 | 86 | 83 | 82 | 83 |
| Average salary (parent company) | ¥4.3M | ¥4.9M | ¥5.2M | ¥5.3M | ¥5.3M |
| Average age (parent company) | 44.6 years | 45.3 years | 45.9 years | 45.2 years | 45.8 years |
| Average tenure (parent company) | 19.5 years | 19.2 years | 18.6 years | 18.0 years | 18.6 years |

Year over year: Employees (consolidated) +1.2% · Revenue (consolidated) +12.6%

## Segments（FY ending Mar 2025, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Textile industry | 1,688 | 49.6% | -129 | -7.6% |
| Real estate | 1,240 | 36.4% | 848 | 68.4% |
| Food | 135 | 4.0% | -76 | -56.3% |
| Other | 342 | 10.0% | 5 | 1.5% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Textile industry | 49.6% | — | — | -7.6% |
| Real estate | 36.4% | 99.4% | 63.0 | 68.4% |
| Food | 4.0% | — | — | -56.3% |
| Other | 10.0% | 0.6% | -9.5 | 1.5% |

Loss-making segment (excluded from profit shares): Textile industry -129 JPY mn

Loss-making segment (excluded from profit shares): Food -76 JPY mn

Segment → industry: Textile industry → Textiles & Fibers / Food → Processed Foods / Real estate → Real Estate Development & Leasing

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -517 | -15.2% | S100W6WQ |
| Capital expenditure | 934 | 27.4% | S100W6WQ |
| Free cash flow | -1,451 | -42.6% | 算出 |
| Investing cash flow | 3,393 | 99.6% | S100W6WQ |
| Financing cash flow | -2,680 | -78.7% | S100W6WQ |
| Share buyback | 0 | 0.0% | S100W6WQ |
| Change in cash | 197 | 5.8% | S100W6WQ |
| Cash and equivalents | 937 | 27.5% | S100W6WQ |

## 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 2021 | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 2,957 | 3,105 | 1,536 | 739 | 937 | S100R8CV, S100TTMH, S100W6WQ |
| Total assets | 23,330 | 22,384 | 19,718 | 18,225 | 15,819 | S100OIO0, S100R8CV, S100TTMH, S100W6WQ |
| Net assets | 4,190 | 3,799 | 2,554 | 1,613 | 1,919 | S100R8CV, S100TTMH, S100W6WQ |
| Share capital | 3,205 | 100 | 100 | 100 | 100 | S100OIO0, S100R8CV, S100TTMH, S100W6WQ |
| Trade receivables | 503 | — | — | — | — | S100OIO0 |
| Property, plant and equipment | 18,782 | 17,851 | 16,559 | 16,178 | 12,941 | S100OIO0, S100R8CV, S100TTMH, S100W6WQ |
| Intangible assets excluding goodwill | 23 | 2 | 10 | 7 | 5 | S100OIO0, S100R8CV, S100TTMH, S100W6WQ |
| Investment securities | 51 | 54 | 54 | 66 | 73 | S100OIO0, S100R8CV, S100TTMH, S100W6WQ |
| Current assets | 4,360 | 4,373 | 2,994 | 1,877 | 1,971 | S100OIO0, S100R8CV, S100TTMH, S100W6WQ |
| Current liabilities | 3,428 | 9,837 | 3,232 | 4,548 | 7,857 | S100OIO0, S100R8CV, S100TTMH, S100W6WQ |
| Trade payables | 402 | 304 | 291 | 402 | 249 | S100OIO0, S100R8CV, S100TTMH, S100W6WQ |
| Short-term borrowings | 2,017 | 8,575 | 2,285 | 3,310 | 6,807 | S100OIO0, S100R8CV, S100TTMH, S100W6WQ |
| Long-term borrowings | 7,663 | 735 | 6,667 | 6,221 | 280 | S100OIO0, S100R8CV, S100TTMH, S100W6WQ |
| Bonds | 405 | 265 | 150 | 80 | — | S100OIO0, S100R8CV, S100TTMH, S100W6WQ |
| Interest-bearing debt | 10,085 | 9,575 | 9,102 | 9,611 | — | 算出 |
| Total liabilities | 19,139 | 18,584 | 17,164 | 16,611 | 13,900 | S100OIO0, S100R8CV, S100TTMH, S100W6WQ |
| Equity attributable to owners of parent | 5,467 | 5,092 | 3,978 | 1,560 | 1,860 | S100OIO0, S100R8CV, S100TTMH, S100W6WQ |
| Retained earnings | -456 | -832 | -1,946 | -4,364 | -4,063 | S100OIO0, S100R8CV, S100TTMH, S100W6WQ |
| Treasury stock | -4 | -4 | -4 | -4 | -4 | S100OIO0, S100R8CV, S100TTMH, S100W6WQ |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 6% | S100W6WQ |
| Property, plant and equipment | 82% | S100W6WQ |
| Intangibles and goodwill | 0% | S100W6WQ |
| Investment securities | 0% | S100W6WQ |
| Other assets | 12% | S100W6WQ |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 2% | S100W6WQ |
| Other liabilities | 86% | S100W6WQ |
| Equity | 12% | S100W6WQ |

### Balance sheet history

| Metric | FY ending Mar 2021 | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 23,330 | 22,384 | 19,718 | 18,225 | 15,819 |
| Equity | 4,190 | 3,799 | 2,554 | 1,613 | 1,919 |
| Interest-bearing debt | 10,085 | 9,575 | 9,102 | 9,611 | — |
| Cash | 2,957 | 3,105 | 1,536 | 739 | 937 |

## 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) | 379.8% | S100W6WQ |
| Fixed assets ÷ total assets | 81.8% | S100W6WQ |
| Goodwill ÷ parent equity | — | —, S100W6WQ |

### 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 | 27.5% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | -220.0% |
| Cash vs. profit gap | -817 JPY mn (of net income -272.3%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 27.4% |
| 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 | 15.3% | 0.29× | 4.5% | 4.27× | 19.0% | S100OIO0 |
| 2022 | — | —× | -1.6% | —× | — | S100R8CV |
| 2023 | — | —× | -5.3% | —× | — | S100TTMH |
| 2024 | — | —× | -12.7% | —× | — | S100W6WQ |
| 2025 | 8.8% | 0.20× | 1.8% | 9.95× | 17.5% | S100W6WQ |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 東洋商事株式会社 | Major shareholder | 29.9% | 2025-03-31 |
| 龍寶 裕子 | Major shareholder | 7.6% | 2025-03-31 |
| 丸山 三千夫 | Major shareholder | 3.9% | 2025-03-31 |
| 株式会社三菱ＵＦＪ銀行 | Major shareholder | 3.4% | 2025-03-31 |
| 太陽生命保険株式会社 | Major shareholder | 2.3% | 2025-03-31 |
| 竹甚板硝子株式会社 | Major shareholder | 2.3% | 2025-03-31 |
| 楽天証券株式会社 | Major shareholder | 0.9% | 2025-03-31 |
| 村澤 勝 | Major shareholder | 0.8% | 2025-03-31 |
| 丸山 光子 | Major shareholder | 0.8% | 2025-03-31 |
| 龍寶 惟男 | Major shareholder | 0.7% | 2025-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第160期(2024/04/01－2025/03/31) | S100W6WQ | 2025-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W6WQ,, |
| 有価証券報告書－第159期(2023/04/01－2024/03/31) | S100TTMH | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TTMH,, |
| 有価証券報告書－第158期(2022/04/01－2023/03/31) | S100R8CV | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R8CV,, |
| 有価証券報告書－第157期(令和3年4月1日－令和4年3月31日) | S100OIO0 | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OIO0,, |
| 有価証券報告書－第156期(令和2年4月1日－令和3年3月31日) | S100LRLW | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LRLW,, |
| 有価証券報告書－第155期(平成31年4月1日－令和2年3月31日) | S100IZEF | 2020-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100IZEF,, |

## 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).