# RIKEN KEIKI 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120期(2025/04/01－2026/03/31) (S100YIB1)
> Page: https://vizora.meequs.com/en/company/riken-keiki
> Retrieved: 2026-09-30T20:30:14.902Z

## Company

Riken Keiki, founded in 1934, is a company in Robots & Factory Automation listed on TSE Prime. It has 1,465 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | RIKEN KEIKI CO., LTD. |
| Ticker | 7734 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7734.T) |
| Listing | TSE Prime |
| Head office | 東京都板橋区小豆沢二丁目7番6号 |
| Representative (per filing) | 代表取締役社長 松本 哲哉 |
| Founded | Jul 1934 |
| Share capital | ¥2.57B |
| Employees (consolidated) | 1,465 |
| Average salary (parent only) | ¥7.5M |
| Fiscal year end | March |
| Website | www.rikenkeiki.co.jp (https://www.rikenkeiki.co.jp/) |
| Corporate number | 3011401006846 |
| EDINET | E02285 |
| Industries (Vizora) | Robots & Factory Automation |

> Profile source: annual securities report (S100YIB1, filed 2026-06-24). As of filing

## Five-axis industry profile

Primary industry: Robots & Factory Automation (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 83.3 | 33 |
| Profitability | 92.6 | 34 |
| Cash conversion | 35.9 | 32 |
| Efficiency | 24.3 | 35 |

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)

- Riken Keiki brought in ¥55.2B in revenue.
- Out of every ¥100 of sales, about ¥22 is left as operating profit.
- Revenue changed +12.6% from the prior year, operating profit +16.8%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥55212234000 → ¥9957017000
- Net income → operating cash flow: ¥9957017000 → ¥11126309000（difference ¥1169292000）
- Main uses of operating cash flow: CapEx ¥2819506000 / dividends ¥2293130000 / buybacks —
- Change in cash: ¥5374435000
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 | ¥55.2B |  |
| Operating income | ¥12.4B | Margin 22.5% |
| Net income | ¥9.96B | Margin 18.0% |
| Free cash flow | ¥8.31B |  |
| Employees (consolidated) | 1,465 |  |
| EPS | ¥185.88 |  |
| Book value per share | ¥1588.23 |  |
| Equity ratio | 84.5% |  |
| Shares outstanding | 47,322,000 |  |
| Treasury shares | 1,866,200 |  |
| Shareholders | 2,572 |  |
| Average salary (parent only) | ¥7.5M | Filing company only |
| Cash ratio | 24.2% | Cash ÷ revenue 44.2% |
| Vs. industry median margin | +10.8 pp | Robots & Factory Automation |
| ROE | 13.4% | Derived from disclosed figures |
| ROA | 10.3% | Derived from disclosed figures |

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥32209297000 | ¥55212234000 | +71.4% |
| Operating income | ¥6598198000 | ¥12425027000 | +88.3% |
| Operating margin | 20.5% | 22.5% | +2 pp |
| Employees | 1,185 people | 1,465 people | +23.6% |
| Cash and equivalents | ¥13932676000 | ¥24407868000 | +75.2% |

### 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 | 55,212 | 100.0% | S100YIB1 |
| Cost of revenue | 28,049 | 50.8% | S100YIB1 |
| Gross profit | 27,163 | 49.2% | S100YIB1 |
| SG&A | 14,738 | 26.7% | S100YIB1 |
| Operating income | 12,425 | 22.5% | S100YIB1 |
| Ordinary income | 13,444 | 24.3% | S100YIB1 |
| Pretax income | 13,353 | 24.2% | S100YIB1 |
| Income tax | 3,396 | 6.2% | S100YIB1 |
| Net income | 9,957 | 18.0% | S100YIB1 |
| Net income attributable to owners | 9,957 | 18.0% | S100YIB1 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 51 |
| SG&A | 27 |
| Operating income | 22 |
| (Ref.) Net income | 18 |

### Margin funnel

Gross margin 49.2% → Operating margin 22.5% → Net margin 18.0%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +12.6%; Core profit growth: +16.8%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.33×
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 | 49,039 | 55,212 | 6,173 | +12.6% |
| Gross profit | 24,627 | 27,163 | 2,536 | +10.3% |
| Operating income | 10,642 | 12,425 | 1,783 | +16.8% |
| Net income attributable to owners | 8,008 | 9,957 | 1,950 | +24.3% |
| Operating cash flow | 6,295 | 11,126 | 4,831 | +76.7% |
| Free cash flow | 4,449 | 8,307 | 3,858 | +86.7% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 32,189 | 6,198 | 19.3% | 4,343 | 5,233 | 1,180 | S100NSAM |
| FY ending Mar 2021 | 32,209 | 6,598 | 20.5% | 4,692 | 4,086 | 1,302 | S100P4YV |
| FY ending Mar 2022 | 37,364 | 8,403 | 22.5% | 5,964 | 9,035 | 8,209 | S100R5R2 |
| FY ending Mar 2023 | 45,005 | 11,551 | 25.7% | 8,670 | 4,573 | 3,564 | S100UWB3 |
| FY ending Mar 2024 | 45,581 | 11,476 | 25.2% | 8,379 | 2,613 | -21 | S100W5VY |
| FY ending Mar 2025 | 49,039 | 10,642 | 21.7% | 8,008 | 6,295 | 4,449 | S100YIB1 |
| FY ending Mar 2026 | 55,212 | 12,425 | 22.5% | 9,957 | 11,126 | 8,307 | S100YIB1 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥37.7M |
| Operating income per employee (consolidated) | ¥8.5M |
| Net income per employee (consolidated) | ¥6.8M |

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) | 1,234 | 1,313 | 1,349 | 1,407 | 1,465 |
| Average salary (parent company) | ¥7.1M | ¥7.7M | ¥7M | ¥7.3M | ¥7.5M |
| Average age (parent company) | 40.4 years | 40.3 years | 40.7 years | 40.6 years | 40.4 years |
| Average tenure (parent company) | 15.8 years | 15.7 years | 16.0 years | 15.7 years | 15.4 years |

Year over year: Employees (consolidated) +4.1% · Revenue (consolidated) +12.6%

## 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 | 11,126 | 20.2% | S100YIB1 |
| Capital expenditure | 2,820 | 5.1% | S100YIB1 |
| Free cash flow | 8,307 | 15.0% | 算出 |
| Investing cash flow | -1,811 | -3.3% | S100YIB1 |
| Financing cash flow | -4,592 | -8.3% | S100YIB1 |
| Dividends paid | 2,293 | 4.2% | S100YIB1 |
| Change in cash | 5,374 | 9.7% | S100YIB1 |
| Cash and equivalents | 24,408 | 44.2% | S100YIB1 |

## 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 | 17,990 | 18,913 | 17,167 | 19,033 | 24,408 | S100UWB3, S100W5VY, S100YIB1 |
| Total assets | 71,606 | 79,747 | 88,591 | 92,763 | 101,051 | S100R5R2, S100UWB3, S100W5VY, S100YIB1 |
| Net assets | 56,859 | 63,384 | 72,454 | 77,504 | 85,384 | S100UWB3, S100W5VY, S100YIB1 |
| Share capital | 2,566 | 2,566 | 2,566 | 2,566 | 2,566 | S100R5R2, S100UWB3, S100W5VY, S100YIB1 |
| Trade receivables | 9,199 | 10,439 | 10,789 | — | — | S100R5R2, S100UWB3 |
| Property, plant and equipment | 17,440 | 17,338 | 18,322 | 18,809 | 19,448 | S100R5R2, S100UWB3, S100W5VY, S100YIB1 |
| Intangible assets excluding goodwill | 1,863 | 1,768 | 1,791 | 2,562 | 3,440 | S100R5R2, S100UWB3, S100W5VY, S100YIB1 |
| Goodwill | 595 | 510 | 357 | 186 | — | S100R5R2, S100UWB3, S100W5VY, S100YIB1 |
| Investment securities | 5,881 | 6,033 | 7,796 | 7,120 | 8,925 | S100R5R2, S100UWB3, S100W5VY, S100YIB1 |
| Current assets | 43,252 | 51,301 | 57,054 | 60,548 | 64,997 | S100R5R2, S100UWB3, S100W5VY, S100YIB1 |
| Current liabilities | 12,131 | 14,024 | 12,422 | 11,771 | 10,923 | S100R5R2, S100UWB3, S100W5VY, S100YIB1 |
| Trade payables | 4,094 | 5,201 | 4,718 | 2,682 | 2,686 | S100R5R2, S100UWB3, S100W5VY, S100YIB1 |
| Short-term borrowings | 995 | 995 | 995 | 995 | 1,021 | S100R5R2, S100UWB3, S100W5VY, S100YIB1 |
| Long-term borrowings | 851 | 851 | 851 | 851 | 815 | S100R5R2, S100UWB3, S100W5VY, S100YIB1 |
| Total liabilities | 14,748 | 16,363 | 16,138 | 15,259 | 15,667 | S100R5R2, S100UWB3, S100W5VY, S100YIB1 |
| Non-controlling interests | 699 | — | — | 5 | 5 | S100R5R2, S100YIB1 |
| Equity attributable to owners of parent | 53,829 | 60,065 | 66,602 | 71,062 | 77,191 | S100R5R2, S100UWB3, S100W5VY, S100YIB1 |
| Retained earnings | 49,604 | 56,627 | 63,143 | 69,284 | 76,940 | S100R5R2, S100UWB3, S100W5VY, S100YIB1 |
| Treasury stock | -226 | -223 | -222 | -1,923 | -3,461 | S100R5R2, S100UWB3, S100W5VY, S100YIB1 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 24% | S100YIB1 |
| Property, plant and equipment | 19% | S100YIB1 |
| Intangibles and goodwill | 4% | S100YIB1 |
| Investment securities | 9% | S100YIB1 |
| Other assets | 44% | S100YIB1 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 3% | S100YIB1 |
| Other liabilities | 13% | S100YIB1 |
| Equity | 84% | S100YIB1 |

### 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 | 71,606 | 79,747 | 88,591 | 92,763 | 101,051 |
| Equity | 56,859 | 63,384 | 72,454 | 77,504 | 85,384 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 17,990 | 18,913 | 17,167 | 19,033 | 24,408 |

## 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) | 35.2% | S100YIB1 |
| Fixed assets ÷ total assets | 19.2% | S100YIB1 |
| Goodwill ÷ parent equity | — | —, S100YIB1 |

### 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) | 24.2% |
| Cash ÷ revenue | 44.2% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 89.5% |
| Cash vs. profit gap | 1,169 JPY mn (of net income 11.7%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 23.0% |
| Shareholder payments — dividends / FCF | 27.6% |
| CapEx intensity (capex ÷ revenue) | 5.1% |
| Investing CF relative to operating CF | 16.3% |

## 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 | 16.0% | 0.52× | 8.3% | 1.33× | 11.1% | S100R5R2 |
| 2023 | 19.3% | 0.59× | 11.5% | 1.33× | 15.2% | S100UWB3 |
| 2024 | 18.4% | 0.54× | 10.0% | 1.33× | 13.2% | S100W5VY |
| 2025 | 16.3% | 0.54× | 8.8% | 1.32× | 11.6% | S100YIB1 |
| 2026 | 18.0% | 0.57× | 10.3% | 1.31× | 13.4% | S100YIB1 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 9.3% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505001 （常任代理人 株式会社みずほ銀行 決済営業部） | Major shareholder | 9.2% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 5.6% | 2026-03-31 |
| BANK LOMBARD ODIER AND CO LTD GENEVA （常任代理人 株式会社三菱UFJ銀行） | Major shareholder | 5.3% | 2026-03-31 |
| 第一生命保険株式会社 | Major shareholder | 5.3% | 2026-03-31 |
| 理研計器協力会社持株会 | Major shareholder | 4.4% | 2026-03-31 |
| 株式会社みずほ銀行 | Major shareholder | 4.0% | 2026-03-31 |
| 長野計器株式会社 | Major shareholder | 3.1% | 2026-03-31 |
| 株式会社三井住友銀行 | Major shareholder | 2.9% | 2026-03-31 |
| BNYM AS AGT/CLTS 10 PERCENT （常任代理人 株式会社三菱UFJ銀行） | Major shareholder | 2.9% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第120期(2025/04/01－2026/03/31) | S100YIB1 | 2026-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YIB1,, |
| 有価証券報告書－第119期(2024/04/01－2025/03/31) | S100W5VY | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W5VY,, |
| 訂正有価証券報告書－第118期(2023/04/01－2024/03/31) | S100UWB3 | 2024-12-05 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UWB3,, |
| 有価証券報告書－第117期(2022/04/01－2023/03/31) | S100R5R2 | 2023-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R5R2,, |
| 訂正有価証券報告書－第116期(令和3年4月1日－令和4年3月31日) | S100P4YV | 2022-09-07 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100P4YV,, |
| 訂正有価証券報告書－第115期(令和2年4月1日－令和3年3月31日) | S100NSAM | 2022-03-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100NSAM,, |

## 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).