# PARKER  CORPORATION: 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99期(2025/04/01－2026/03/31) (S100YJ1T)
> Page: https://vizora.meequs.com/en/company/parker
> Retrieved: 2026-09-30T17:49:10.324Z

## Company

Parker, founded in 1951, is a company in Specialty Trading & Wholesale listed on TSE Standard. It has 2,045 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | PARKER CORPORATION |
| Ticker | 9845 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/9845.T) |
| Listing | TSE Standard |
| Head office | 東京都中央区日本橋人形町二丁目22番1号 |
| Representative (per filing) | 代表取締役社長 里見 嘉重 |
| Founded | Aug 1951 |
| Share capital | ¥2.2B |
| Employees (consolidated) | 2,045 |
| Average salary (parent only) | ¥8.1M |
| Fiscal year end | March |
| Website | www.parkercorp.co.jp (https://www.parkercorp.co.jp/) |
| Corporate number | 5010001054386 |
| EDINET | E02708 |
| Industries (Vizora) | Specialty Trading & Wholesale, Industrial Machinery, Auto Parts, Chemicals, Semiconductor Materials |

> Profile source: annual securities report (S100YJ1T, filed 2026-06-24). As of filing

## Five-axis industry profile

Primary industry: Auto Parts (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 84.1 | 110 |
| Profitability | 90.5 | 111 |
| Cash conversion | 33.8 | 108 |
| Efficiency | 47.3 | 111 |

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 43% of Parker's sales come from Synthetic Materials, with Acoustic Materials and Chemical making up much of the rest.
- Out of every ¥100 of sales, about ¥9 is left as operating profit.
- Revenue changed +4.7% from the prior year, operating profit +32.1%.

## Company structure

- Segment revenue mix: Synthetic Materials 43.4%、Acoustic Materials 27.8%、Chemical 10.1%、Chemical and Engineering 9.4%、Other 4.7%
- Revenue → net income: ¥73307000000 → ¥4938000000
- Net income → operating cash flow: ¥4938000000 → ¥8710000000（difference ¥3772000000）
- Main uses of operating cash flow: CapEx ¥2658000000 / dividends ¥725000000 / buybacks ¥0
- Change in cash: ¥2702000000
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 | ¥73.3B |  |
| Operating income | ¥6.49B | Margin 8.8% |
| Net income | ¥4.69B | Margin 6.4% |
| Free cash flow | ¥6.05B |  |
| Largest business | Synthetic Materials | of segment revenue 43.4% |
| Employees (consolidated) | 2,045 |  |
| EPS | ¥87.26 |  |
| Book value per share | ¥983.51 |  |
| Equity ratio | 66.2% |  |
| Shares outstanding | 26,801,452 |  |
| Treasury shares | 1,773,000 |  |
| Shareholders | 3,058 |  |
| Average salary (parent only) | ¥8.1M | Filing company only |
| Cash ratio | 27.9% | Cash ÷ revenue 29.2% |
| Vs. industry median margin | +4.1 pp | Auto Parts |
| ROE | 11.8% | Derived from disclosed figures |
| ROA | 6.4% | Derived from disclosed figures |

## Notable figures

- FY2026, employees -6% while operating income rose 32%
- FY2026, cash is 28% of total assets

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥44061000000 | ¥73307000000 | +66.4% |
| Operating income | ¥2626000000 | ¥6487000000 | +147.0% |
| Operating margin | 6.0% | 8.8% | +2.9 pp |
| Employees | 1,654 people | 2,045 people | +23.6% |
| Cash and equivalents | ¥13385000000 | ¥21431000000 | +60.1% |

### 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.

| Flow | Revenue share |
| --- | ---: |
| 機械部門 → 機械部門 | 4.7% |
| 機械部門 → 事業再編・廃止 | 1.8% |
| 化成品部門 → 化成品部門 | 35.6% |
| 化学品部門 → 化学品部門 | 10.1% |
| 化学品部門 → 事業再編・廃止 | 1.9% |
| 産業用素材部門 → 産業用素材部門 | 27.8% |
| 産業用素材部門 → 事業再編・廃止 | 1.5% |
| 化工品部門 → 化工品部門 | 9.4% |
| 化工品部門 → 事業再編・廃止 | 1.0% |
| その他 → その他 | 4.7% |
| その他 → 事業再編・廃止 | 1.7% |
| 新設・再編 → 化成品部門 | 7.8% |

Segment revenue source references: 12 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Synthetic Materials | 5 years | +15.2% | ¥31807000000 | 7.6% | 2 |
| Acoustic Materials | 5 years | +9.6% | ¥20405000000 | 9.3% | 2 |
| Chemical | 5 years | +7.0% | ¥7377000000 | 8.5% | 2 |
| Chemical and Engineering | 5 years | +8.6% | ¥6856000000 | 13.0% | 2 |
| Other | 5 years | +4.0% | ¥3448000000 | 6.9% | 2 |
| Machinery | 5 years | +3.8% | ¥3412000000 | 12.3% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 73,307 | 100.0% | S100YJ1T |
| Cost of revenue | 53,574 | 73.1% | S100YJ1T |
| Gross profit | 19,733 | 26.9% | S100YJ1T |
| SG&A | 13,245 | 18.1% | S100YJ1T |
| Operating income | 6,487 | 8.8% | S100YJ1T |
| Ordinary income | 7,089 | 9.7% | S100YJ1T |
| Pretax income | 7,113 | 9.7% | S100YJ1T |
| Income tax | 2,175 | 3.0% | S100YJ1T |
| Net income | 4,938 | 6.7% | S100YJ1T |
| Net income attributable to owners | 4,694 | 6.4% | S100YJ1T |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 73 |
| SG&A | 18 |
| Operating income | 9 |
| (Ref.) Net income | 6 |

### Margin funnel

Gross margin 26.9% → Operating margin 8.8% → Net margin 6.4%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +4.7%; Core profit growth: +32.1%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 6.83×
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 | 70,014 | 73,307 | 3,293 | +4.7% |
| Gross profit | 17,976 | 19,733 | 1,757 | +9.8% |
| Operating income | 4,910 | 6,487 | 1,577 | +32.1% |
| Net income attributable to owners | 2,812 | 4,694 | 1,882 | +66.9% |
| Operating cash flow | 5,714 | 8,710 | 2,996 | +52.4% |
| Free cash flow | 3,863 | 6,052 | 2,189 | +56.7% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 50,768 | 3,421 | 6.7% | 2,513 | 3,761 | 1,533 | S100LQKI |
| FY ending Mar 2021 | 44,061 | 2,626 | 6.0% | 2,375 | 4,321 | 3,353 | S100OILV |
| FY ending Mar 2022 | 49,979 | 2,684 | 5.4% | 1,521 | 2,102 | 988 | S100R7I5 |
| FY ending Mar 2023 | 56,786 | 3,655 | 6.4% | 2,478 | 4,165 | 3,062 | S100TTTZ |
| FY ending Mar 2024 | 67,733 | 4,555 | 6.7% | 3,601 | 5,325 | 3,954 | S100W3VF |
| FY ending Mar 2025 | 70,014 | 4,910 | 7.0% | 2,812 | 5,714 | 3,863 | S100YJ1T |
| FY ending Mar 2026 | 73,307 | 6,487 | 8.8% | 4,694 | 8,710 | 6,052 | S100YJ1T |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥35.8M |
| Operating income per employee (consolidated) | ¥3.2M |
| Net income per employee (consolidated) | ¥2.3M |

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) | 1,726 | 1,718 | 2,217 | 2,177 | 2,045 |
| Average salary (parent company) | ¥7.3M | ¥7.3M | ¥7.4M | ¥7.7M | ¥8.1M |
| Average age (parent company) | 41.2 years | 41.3 years | 41.0 years | 40.9 years | 41.0 years |
| Average tenure (parent company) | 15.4 years | 15.5 years | 15.6 years | 15.7 years | 16.1 years |

Year over year: Employees (consolidated) -6.1% · Revenue (consolidated) +4.7%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Machinery | 3,412 | 4.7% | 421 | 12.3% |
| Synthetic Materials | 31,807 | 43.4% | 2,418 | 7.6% |
| Chemical | 7,377 | 10.1% | 626 | 8.5% |
| Acoustic Materials | 20,405 | 27.8% | 1,890 | 9.3% |
| Chemical and Engineering | 6,856 | 9.4% | 892 | 13.0% |
| Other | 3,448 | 4.7% | 237 | 6.9% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Machinery | 4.7% | 6.5% | 1.8 | 12.3% |
| Synthetic Materials | 43.4% | 37.3% | -6.1 | 7.6% |
| Chemical | 10.1% | 9.7% | -0.4 | 8.5% |
| Acoustic Materials | 27.8% | 29.1% | 1.3 | 9.3% |
| Chemical and Engineering | 9.4% | 13.8% | 4.4 | 13.0% |
| Other | 4.7% | 3.7% | -1.0 | 6.9% |

Segment → industry: Machinery → Specialty Trading & Wholesale / Machinery → Industrial Machinery / Synthetic Materials → Auto Parts / Synthetic Materials → Chemicals / Chemical → Chemicals / Acoustic Materials → Auto Parts / Chemical and Engineering → Chemicals / Chemical and Engineering → Semiconductor Materials / Other → Specialty Trading & Wholesale

## 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 | 8,710 | 11.9% | S100YJ1T |
| Capital expenditure | 2,658 | 3.6% | S100YJ1T |
| Free cash flow | 6,052 | 8.3% | 算出 |
| Investing cash flow | -4,754 | -6.5% | S100YJ1T |
| Financing cash flow | -1,632 | -2.2% | S100YJ1T |
| Dividends paid | 725 | 1.0% | S100YJ1T |
| Share buyback | 0 | 0.0% | S100YJ1T |
| Change in cash | 2,702 | 3.7% | S100YJ1T |
| Cash and equivalents | 21,431 | 29.2% | S100YJ1T |

## 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 | 13,381 | 15,153 | 15,402 | 18,728 | 21,431 | S100TTTZ, S100W3VF, S100YJ1T |
| Total assets | 54,303 | 60,160 | 69,395 | 70,853 | 76,789 | S100R7I5, S100TTTZ, S100W3VF, S100YJ1T |
| Net assets | 35,536 | 39,044 | 44,331 | 48,477 | 54,111 | S100TTTZ, S100W3VF, S100YJ1T |
| Share capital | 2,201 | 2,201 | 2,201 | 2,201 | 2,201 | S100R7I5, S100TTTZ, S100W3VF, S100YJ1T |
| Property, plant and equipment | 13,911 | 13,667 | 14,916 | 14,915 | 16,170 | S100R7I5, S100TTTZ, S100W3VF, S100YJ1T |
| Intangible assets excluding goodwill | 805 | 665 | 592 | 551 | 422 | S100R7I5, S100TTTZ, S100W3VF, S100YJ1T |
| Goodwill | 414 | 311 | 207 | 103 | — | S100R7I5, S100TTTZ, S100W3VF, S100YJ1T |
| Investment securities | 4,082 | 4,409 | 5,423 | 5,400 | 7,031 | S100R7I5, S100TTTZ, S100W3VF, S100YJ1T |
| Current assets | 33,748 | 39,613 | 46,400 | 47,896 | 51,216 | S100R7I5, S100TTTZ, S100W3VF, S100YJ1T |
| Current liabilities | 13,928 | 15,332 | 18,299 | 17,740 | 16,647 | S100R7I5, S100TTTZ, S100W3VF, S100YJ1T |
| Trade payables | 7,366 | 8,569 | 10,752 | 8,512 | 8,002 | S100R7I5, S100TTTZ, S100W3VF, S100YJ1T |
| Short-term borrowings | 2,387 | 2,601 | 2,342 | 2,364 | 2,532 | S100R7I5, S100TTTZ, S100W3VF, S100YJ1T |
| Long-term borrowings | 1,065 | 2,027 | 1,850 | 421 | 1,392 | S100R7I5, S100TTTZ, S100W3VF, S100YJ1T |
| Total liabilities | 18,766 | 21,116 | 25,064 | 22,375 | 22,678 | S100R7I5, S100TTTZ, S100W3VF, S100YJ1T |
| Non-controlling interests | 2,146 | 2,398 | 2,773 | 2,972 | 3,252 | S100R7I5, S100TTTZ, S100W3VF, S100YJ1T |
| Equity attributable to owners of parent | 30,513 | 32,487 | 35,591 | 37,845 | 41,818 | S100R7I5, S100TTTZ, S100W3VF, S100YJ1T |
| Retained earnings | 26,342 | 28,419 | 31,521 | 33,745 | 37,714 | S100R7I5, S100TTTZ, S100W3VF, S100YJ1T |
| Treasury stock | -546 | -650 | -649 | -646 | -644 | S100R7I5, S100TTTZ, S100W3VF, S100YJ1T |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 28% | S100YJ1T |
| Property, plant and equipment | 21% | S100YJ1T |
| Intangibles and goodwill | 1% | S100YJ1T |
| Investment securities | 9% | S100YJ1T |
| Other assets | 41% | S100YJ1T |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 10% | S100YJ1T |
| Other liabilities | 19% | S100YJ1T |
| Equity | 71% | S100YJ1T |

### 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 | 54,303 | 60,160 | 69,395 | 70,853 | 76,789 |
| Equity | 35,536 | 39,044 | 44,331 | 48,477 | 54,111 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 13,381 | 15,153 | 15,402 | 18,728 | 21,431 |

## 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) | 22.1% | S100YJ1T |
| Fixed assets ÷ total assets | 21.1% | S100YJ1T |
| Goodwill ÷ parent equity | — | —, S100YJ1T |

### 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) | 27.9% |
| Cash ÷ revenue | 29.2% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 134.3% |
| Cash vs. profit gap | 4,016 JPY mn (of net income 85.6%) |
| Shareholder returns / net income | 15.4% |
| Shareholder returns / FCF | 12.0% |
| Shareholder payments — dividends / net income | 15.4% |
| Shareholder payments — dividends / FCF | 12.0% |
| CapEx intensity (capex ÷ revenue) | 3.6% |
| Investing CF relative to operating CF | 54.6% |

## 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 | 3.0% | 0.92× | 2.8% | 1.78× | 5.0% | S100R7I5 |
| 2023 | 4.4% | 0.99× | 4.3% | 1.82× | 7.9% | S100TTTZ |
| 2024 | 5.3% | 1.05× | 5.6% | 1.90× | 10.6% | S100W3VF |
| 2025 | 4.0% | 1.00× | 4.0% | 1.91× | 7.7% | S100YJ1T |
| 2026 | 6.4% | 0.99× | 6.4% | 1.85× | 11.8% | S100YJ1T |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本パーカライジング株式会社 | Major shareholder | 24.2% | 2026-03-31 |
| BBH FOR FIDELITY LOW-PRICED STOCK FUND（常任代理人 株式会社三菱UFJ銀行） | Major shareholder | 8.1% | 2026-03-31 |
| ユニベスト株式会社 | Major shareholder | 5.9% | 2026-03-31 |
| 株式会社日本パーカーライジング広島工場 | Major shareholder | 3.5% | 2026-03-31 |
| 里見 嘉重 | Major shareholder | 2.7% | 2026-03-31 |
| 公益財団法人里見奨学会 | Major shareholder | 2.6% | 2026-03-31 |
| 内藤 征吾 | Major shareholder | 2.5% | 2026-03-31 |
| 浜田 信 | Major shareholder | 2.3% | 2026-03-31 |
| 株式会社旭千代田ホールディング | Major shareholder | 2.2% | 2026-03-31 |
| BBH FOR FIDELITY TRUST EMPLOYEE BENEFIT PLANS LOW PRICED STOCK POOL（常任代理人 株式会社三菱UFJ銀行） | Major shareholder | 1.7% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第99期(2025/04/01－2026/03/31) | S100YJ1T | 2026-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YJ1T,, |
| 有価証券報告書－第98期(2024/04/01－2025/03/31) | S100W3VF | 2025-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W3VF,, |
| 有価証券報告書－第97期(2023/04/01－2024/03/31) | S100TTTZ | 2024-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TTTZ,, |
| 有価証券報告書－第96期(2022/04/01－2023/03/31) | S100R7I5 | 2023-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R7I5,, |
| 有価証券報告書－第95期(令和3年4月1日－令和4年3月31日) | S100OILV | 2022-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OILV,, |
| 有価証券報告書－第94期(令和2年4月1日－令和3年3月31日) | S100LQKI | 2021-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LQKI,, |

## 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).