# PLACO CO.,LTD.: 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66期(2025/04/01－2026/03/31) (S100YFZB)
> Page: https://vizora.meequs.com/en/company/placo
> Retrieved: 2026-09-30T18:18:00.890Z

## Company

Placo, founded in 1955, is a company in IT Services & System Integration listed on TSE Standard. It has 83 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | PLACO CO.,LTD. |
| Ticker | 6347 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6347.T) |
| Listing | TSE Standard |
| Head office | 埼玉県さいたま市岩槻区笹久保新田550番地 |
| Representative (per filing) | 代表取締役社長 古野 孝志 |
| Founded | Jul 1955 |
| Share capital | ¥849.7M |
| Employees (consolidated) | 83 |
| Average salary (parent only) | ¥5.7M |
| Fiscal year end | March |
| Website | www.placo.co.jp (https://www.placo.co.jp/) |
| Corporate number | 6030001018165 |
| EDINET | E01651 |
| Industries (Vizora) | IT Services & System Integration, HR & Staffing, Industrial Machinery |

> Profile source: annual securities report (S100YFZB, filed 2026-06-24). As of filing

## Five-axis industry profile

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

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 29.1 | 122 |
| Cash conversion | 9.9 | 116 |
| Efficiency | 74.2 | 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)

- About 81% of Placo's sales come from Plastic molding machinery business, with It and resources business making up much of the rest.
- Out of every ¥100 of sales, about ¥5 is left as operating profit.
- Revenue changed +20.3% from the prior year, and it swung back to an operating profit.

## Company structure

- Segment revenue mix: Plastic molding machinery business 81.3%、It and resources business 18.7%
- Revenue → net income: ¥2679928000 → ¥82800000
- Net income → operating cash flow: ¥82800000 → ¥35421000（difference ¥-47379000）
- Main uses of operating cash flow: CapEx ¥3405000 / dividends ¥56710000 / buybacks ¥23000
- Change in cash: ¥-193025000
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 | ¥2.68B |  |
| Operating income | ¥138.4M | Margin 5.2% |
| Net income | ¥82.8M | Margin 3.1% |
| Free cash flow | ¥32M |  |
| Largest business | Plastic molding machinery business | of segment revenue 81.3% |
| Employees (consolidated) | 83 |  |
| EPS | ¥11.52 |  |
| Book value per share | ¥176.62 |  |
| Equity ratio | 53.3% |  |
| Shares outstanding | 10,287,476 |  |
| Treasury shares | 663,100 |  |
| Shareholders | 1,839 |  |
| Average salary (parent only) | ¥5.7M | Filing company only |
| Cash ratio | 27.1% | Cash ÷ revenue 31.7% |
| Vs. industry median margin | -2.4 pp | Industrial Machinery |
| ROE | 5.4% | Derived from disclosed figures |
| ROA | 2.7% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 100% of positive segment profit
- FY2026, cash is 27% of total assets

## What changed in 5 years

Currency or consolidation scope differs; percentage changes are omitted.

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥2714648000 | ¥2679928000 | — |
| Operating income | ¥188513000 | ¥138428000 | — |
| Operating margin | 6.9% | 5.2% | -1.8 pp |
| Employees | 64 people | 83 people | — |
| Cash and equivalents | ¥776571000 | ¥848300000 | — |

### 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 |
| --- | ---: |
| 新設・再編 → プラスチック成形機事業 | 81.3% |
| 新設・再編 → IT・人材事業 | 18.7% |

Segment revenue source references: 2 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 2,680 | 100.0% | S100YFZB |
| Cost of revenue | 1,843 | 68.8% | S100YFZB |
| Gross profit | 837 | 31.2% | S100YFZB |
| SG&A | 698 | 26.1% | S100YFZB |
| Operating income | 138 | 5.2% | S100YFZB |
| Ordinary income | 136 | 5.1% | S100YFZB |
| Pretax income | 129 | 4.8% | S100YFZB |
| Income tax | 46 | 1.7% | S100YFZB |
| Net income | 83 | 3.1% | S100YFZB |
| Net income attributable to owners | 83 | 3.1% | S100YFZB |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 69 |
| SG&A | 26 |
| Operating income | 5 |
| (Ref.) Net income | 3 |

### Margin funnel

Gross margin 31.2% → Operating margin 5.2% → Net margin 3.1%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Turned profitable
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 | 2,228 | 2,680 | 452 | +20.3% |
| Gross profit | 576 | 837 | 261 | +45.4% |
| Operating income | -139 | 138 | 278 | — |
| Net income attributable to owners | -96 | 83 | 179 | — |
| Operating cash flow | 102 | 35 | -67 | -65.3% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 2,953 | 470 | 15.9% | 283 | 546 | 405 | S100LNOU |
| FY ending Mar 2021 | 2,715 | 189 | 6.9% | 109 | 278 | 98 | S100OIMV |
| FY ending Mar 2022 | 2,720 | 196 | 7.2% | 149 | -28 | -37 | S100R784 |
| FY ending Mar 2023 | 3,003 | 192 | 6.4% | 127 | -580 | -613 | S100TVS8 |
| FY ending Mar 2024 | 3,411 | -258 | -7.6% | -251 | 22 | 18 | S100TVS8 |
| FY ending Mar 2025 | 2,228 | -139 | -6.2% | -96 | 102 | — | S100YFZB |
| FY ending Mar 2026 | 2,680 | 138 | 5.2% | 83 | 35 | 32 | S100YFZB |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥32.3M |
| Operating income per employee (consolidated) | ¥1.7M |
| Net income per employee (consolidated) | ¥997.6K |

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) | 67 | 72 | 73 | 78 | 83 |
| Average salary (parent company) | ¥5.7M | ¥5.7M | ¥5.9M | ¥5.9M | ¥5.7M |
| Average age (parent company) | 42.3 years | 43.2 years | 44.3 years | 44.0 years | 45.0 years |
| Average tenure (parent company) | 12.7 years | 12.7 years | 13.4 years | 13.6 years | 14.1 years |

Year over year: Employees (consolidated) +6.4% · Revenue (consolidated) +20.3%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Plastic molding machinery business | 2,180 | 81.3% | 144 | 6.6% |
| It and resources business | 500 | 18.7% | -4 | -0.8% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Plastic molding machinery business | 81.3% | 100.0% | 18.7 | 6.6% |
| It and resources business | 18.7% | — | — | -0.8% |

Loss-making segment (excluded from profit shares): It and resources business -4 JPY mn

Segment → industry: It and resources business → IT Services & System Integration / It and resources business → HR & Staffing / Plastic molding machinery business → Industrial Machinery

## 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 | 35 | 1.3% | S100YFZB |
| Capital expenditure | 3 | 0.1% | S100YFZB |
| Free cash flow | 32 | 1.2% | 算出 |
| Investing cash flow | 10 | 0.4% | S100YFZB |
| Financing cash flow | -239 | -8.9% | S100YFZB |
| Dividends paid | 57 | 2.1% | S100YFZB |
| Share buyback | 0 | 0.0% | S100YFZB |
| Change in cash | -193 | -7.2% | S100YFZB |
| Cash and equivalents | 848 | 31.7% | S100YFZB |

## 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 | 1,210 | 1,304 | 1,298 | 1,041 | 848 | S100TVS8, S100YFZB |
| Total assets | 3,200 | 3,732 | 3,491 | 3,053 | 3,135 | S100R784, S100TVS8, S100YFZB |
| Net assets | 1,750 | 1,903 | 1,600 | 1,584 | 1,672 | S100TVS8, S100YFZB |
| Share capital | 705 | 755 | 755 | 820 | 850 | S100R784, S100TVS8, S100YFZB |
| Property, plant and equipment | 675 | 661 | 621 | 565 | 528 | S100R784, S100TVS8, S100YFZB |
| Intangible assets excluding goodwill | 17 | 11 | 6 | 101 | 149 | S100R784, S100TVS8, S100YFZB |
| Goodwill | — | — | — | 97 | 144 | S100YFZB |
| Investment securities | 17 | 19 | 32 | 23 | 28 | S100R784, S100TVS8, S100YFZB |
| Current assets | 2,419 | 2,989 | 2,742 | 2,273 | 2,359 | S100R784, S100TVS8, S100YFZB |
| Current liabilities | 859 | 686 | 1,343 | 466 | 1,017 | S100R784, S100TVS8, S100YFZB |
| Short-term borrowings | — | 208 | — | — | 450 | S100TVS8, S100YFZB |
| Long-term borrowings | 481 | 1,055 | 451 | 910 | 348 | S100R784, S100TVS8, S100YFZB |
| Bonds | 22 | — | — | — | — | S100R784 |
| Total liabilities | 1,450 | 1,829 | 1,891 | 1,469 | 1,463 | S100R784, S100TVS8, S100YFZB |
| Equity attributable to owners of parent | 1,651 | 1,803 | 1,499 | 1,481 | 1,567 | S100R784, S100TVS8, S100YFZB |
| Retained earnings | 829 | 906 | 602 | 453 | 479 | S100R784, S100TVS8, S100YFZB |
| Treasury stock | -196 | -219 | -219 | -219 | -219 | S100R784, S100TVS8, S100YFZB |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 27% | S100YFZB |
| Property, plant and equipment | 17% | S100YFZB |
| Intangibles and goodwill | 9% | S100YFZB |
| Investment securities | 1% | S100YFZB |
| Other assets | 46% | S100YFZB |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 47% | S100YFZB |
| Equity | 53% | S100YFZB |

### 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 | 3,200 | 3,732 | 3,491 | 3,053 | 3,135 |
| Equity | 1,750 | 1,903 | 1,600 | 1,584 | 1,672 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 1,210 | 1,304 | 1,298 | 1,041 | 848 |

## 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) | 19.7% | S100YFZB |
| Fixed assets ÷ total assets | 16.8% | S100YFZB |
| Goodwill ÷ parent equity | 9.2% | S100YFZB |

### 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) | 27.1% |
| Cash ÷ revenue | 31.7% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 25.6% |
| Cash vs. profit gap | -47 JPY mn (of net income -57.2%) |
| Shareholder returns / net income | 68.5% |
| Shareholder returns / FCF | 177.2% |
| Shareholder payments — dividends / net income | 68.5% |
| Shareholder payments — dividends / FCF | 177.1% |
| CapEx intensity (capex ÷ revenue) | 0.1% |
| Investing CF relative to operating CF | 28.9% |

## 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 | 5.5% | 0.85× | 4.7% | 1.94× | 9.0% | S100R784 |
| 2023 | 4.2% | 0.87× | 3.7% | 2.01× | 7.3% | S100TVS8 |
| 2024 | — | —× | -7.0% | —× | — | S100TVS8 |
| 2025 | — | —× | -3.1% | —× | — | S100YFZB |
| 2026 | 3.1% | 0.87× | 2.7% | 2.03× | 5.4% | S100YFZB |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 有限会社フクジュコーポレーション | Major shareholder | 9.5% | 2026-03-31 |
| FUBON SECURITIES CO.,LTD A/C GLOBAL (常任代理人シティバンク、エヌ・エイ東京支店) | Major shareholder | 6.3% | 2026-03-31 |
| 有限会社杉山製作所 | Major shareholder | 4.4% | 2026-03-31 |
| GMOクリック証券株式会社 | Major shareholder | 4.3% | 2026-03-31 |
| 日本証券金融株式会社 | Major shareholder | 3.9% | 2026-03-31 |
| プラコー共栄会 | Major shareholder | 3.6% | 2026-03-31 |
| 海容JAPAN株式会社 | Major shareholder | 3.2% | 2026-03-31 |
| 古野 孝志 | Major shareholder | 3.2% | 2026-03-31 |
| スイス・プランツ有限責任事業組合 | Major shareholder | 3.0% | 2026-03-31 |
| 沙 莎 | Major shareholder | 2.7% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第66期(2025/04/01－2026/03/31) | S100YFZB | 2026-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YFZB,, |
| 有価証券報告書－第65期(2024/04/01－2025/03/31) | S100W7V7 | 2025-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W7V7,, |
| 有価証券報告書－第64期(2023/04/01－2024/03/31) | S100TVS8 | 2024-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TVS8,, |
| 有価証券報告書－第63期(2022/04/01－2023/03/31) | S100R784 | 2023-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R784,, |
| 有価証券報告書－第62期(令和3年4月1日－令和4年3月31日) | S100OIMV | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OIMV,, |
| 有価証券報告書－第61期(令和2年4月1日－令和3年3月31日) | S100LNOU | 2021-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LNOU,, |

## 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).