# RIKEN TECHNOS 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97期(2025/04/01－2026/03/31) (S100Y9PN)
> Page: https://vizora.meequs.com/en/company/riken-technos
> Retrieved: 2026-09-30T17:49:13.072Z

## Company

Riken Technos, founded in 1951, is a company in Chemicals listed on TSE Prime. It has 1,877 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | RIKEN TECHNOS CORPORATION |
| Ticker | 4220 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/4220.T) |
| Listing | TSE Prime |
| Head office | 東京都千代田区神田淡路町二丁目101番地 |
| Representative (per filing) | 代表取締役 社長執行役員 常盤 和明 |
| Founded | Mar 1951 |
| Share capital | ¥8.51B |
| Employees (consolidated) | 1,877 |
| Average salary (parent only) | ¥8.3M |
| Fiscal year end | March |
| Website | www.rikentechnos.co.jp (https://www.rikentechnos.co.jp/) |
| Corporate number | 9010001034970 |
| EDINET | E00838 |
| Industries (Vizora) | Chemicals, Food Packaging, Housing Equipment & Building Materials |

> Profile source: annual securities report (S100Y9PN, filed 2026-06-10). As of filing

## Five-axis industry profile

Primary industry: Chemicals (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 77.6 | 96 |
| Profitability | 62.5 | 100 |
| Cash conversion | 30.7 | 96 |
| Efficiency | 96.5 | 100 |

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 33% of Riken Technos's sales come from Transportation, with Daily Life and Healthcare and Building and Construction making up much of the rest.
- Out of every ¥100 of sales, about ¥9 is left as operating profit.
- Revenue changed +2.5% from the prior year, operating profit +8.8%.

## Company structure

- Segment revenue mix: Transportation 32.6%、Daily Life and Healthcare 27.8%、Building and Construction 20.0%、Electronics 19.6%、Other 0.0%
- Revenue → net income: ¥131377381000 → ¥9330262000
- Net income → operating cash flow: ¥9330262000 → ¥13399941000（difference ¥4069679000）
- Main uses of operating cash flow: CapEx ¥4929095000 / dividends ¥2397638000 / buybacks ¥4572047000
- Change in cash: ¥2079857000
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 | ¥131.4B |  |
| Operating income | ¥11.4B | Margin 8.7% |
| Net income | ¥7.57B | Margin 5.8% |
| Free cash flow | ¥8.47B |  |
| Largest business | Transportation | of segment revenue 32.6% |
| Employees (consolidated) | 1,877 |  |
| EPS | ¥143 |  |
| Book value per share | ¥1131.44 |  |
| Equity ratio | 56.8% |  |
| Shares outstanding | 51,274,821 |  |
| Treasury shares | 3,685,500 |  |
| Shareholders | 12,542 |  |
| Average salary (parent only) | ¥8.3M | Filing company only |
| Cash ratio | 22.3% | Cash ÷ revenue 20.2% |
| Vs. industry median margin | +1.2 pp | Chemicals |
| ROE | 13.5% | Derived from disclosed figures |
| ROA | 6.4% | Derived from disclosed figures |

## Notable figures

- FY2026, buybacks were 1.9× dividends
- FY2026, parent-company salary changed +25% over five years
- FY2026, employees 0% while operating income rose 9%

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥88224442000 | ¥131377381000 | +48.9% |
| Operating income | ¥5313663000 | ¥11408926000 | +114.7% |
| Operating margin | 6.0% | 8.7% | +2.7 pp |
| Employees | 1,894 people | 1,877 people | -0.9% |
| Cash and equivalents | ¥21080770000 | ¥26527615000 | +25.8% |

### 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 |
| --- | ---: |
| トランスポーテーション → トランスポーテーション | 27.6% |
| デイリーライフ＆ヘルスケア → デイリーライフ＆ヘルスケア | 27.8% |
| デイリーライフ＆ヘルスケア → 事業再編・廃止 | 0.6% |
| エレクトロニクス → エレクトロニクス | 19.6% |
| エレクトロニクス → 事業再編・廃止 | 0.2% |
| ビルディング＆コンストラクション → ビルディング＆コンストラクション | 20.0% |
| ビルディング＆コンストラクション → 事業再編・廃止 | 3.8% |
| その他 → その他 | 0.0% |
| その他 → 事業再編・廃止 | 0.4% |
| 新設・再編 → トランスポーテーション | 5.1% |

Segment revenue source references: 10 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Transportation | 5 years | +12.0% | ¥42842310000 | 10.4% | 2 |
| Daily Life and Healthcare | 5 years | +7.8% | ¥36474347000 | 10.8% | 2 |
| Building and Construction | 5 years | +4.6% | ¥26333209000 | 4.0% | 2 |
| Electronics | 5 years | +8.1% | ¥25692831000 | 7.1% | 2 |
| Other | 5 years | -39.0% | ¥34682000 | 187.4% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 131,377 | 100.0% | S100Y9PN |
| Cost of revenue | 105,766 | 80.5% | S100Y9PN |
| Gross profit | 25,611 | 19.5% | S100Y9PN |
| SG&A | 14,202 | 10.8% | S100Y9PN |
| Operating income | 11,409 | 8.7% | S100Y9PN |
| Ordinary income | 11,787 | 9.0% | S100Y9PN |
| Pretax income | 12,497 | 9.5% | S100Y9PN |
| Income tax | 3,166 | 2.4% | S100Y9PN |
| Net income | 9,330 | 7.1% | S100Y9PN |
| Net income attributable to owners | 7,570 | 5.8% | S100Y9PN |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 80 |
| SG&A | 11 |
| Operating income | 9 |
| (Ref.) Net income | 6 |

### Margin funnel

Gross margin 19.5% → Operating margin 8.7% → Net margin 5.8%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +2.5%; Core profit growth: +8.8%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 3.47×
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 | 128,141 | 131,377 | 3,236 | +2.5% |
| Gross profit | 24,321 | 25,611 | 1,290 | +5.3% |
| Operating income | 10,489 | 11,409 | 920 | +8.8% |
| Net income attributable to owners | 7,371 | 7,570 | 199 | +2.7% |
| Operating cash flow | 11,548 | 13,400 | 1,852 | +16.0% |
| Free cash flow | 6,768 | 8,471 | 1,703 | +25.2% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 98,809 | 5,582 | 5.6% | 3,064 | 8,805 | 5,127 | S100LK5Q |
| FY ending Mar 2021 | 88,224 | 5,314 | 6.0% | 3,234 | 9,388 | 5,790 | S100QN4Z |
| FY ending Mar 2022 | 109,924 | 6,292 | 5.7% | 3,941 | 4,573 | 1,837 | S100RUNJ |
| FY ending Mar 2023 | 123,498 | 7,506 | 6.1% | 4,558 | 8,524 | 4,537 | S100TOEN |
| FY ending Mar 2024 | 125,739 | 8,775 | 7.0% | 6,880 | 10,754 | 6,505 | S100VZ92 |
| FY ending Mar 2025 | 128,141 | 10,489 | 8.2% | 7,371 | 11,548 | 6,768 | S100Y9PN |
| FY ending Mar 2026 | 131,377 | 11,409 | 8.7% | 7,570 | 13,400 | 8,471 | S100Y9PN |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥70M |
| Operating income per employee (consolidated) | ¥6.1M |
| Net income per employee (consolidated) | ¥4M |

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) | 1,884 | 1,895 | 1,904 | 1,886 | 1,877 |
| Average salary (parent company) | ¥6.6M | ¥6.8M | ¥7M | ¥7.7M | ¥8.3M |
| Average age (parent company) | 42.8 years | 42.9 years | 42.7 years | 42.8 years | 43.0 years |
| Average tenure (parent company) | 17.0 years | 17.4 years | 17.1 years | 17.3 years | 17.6 years |

Year over year: Employees (consolidated) -0.5% · Revenue (consolidated) +2.5%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Transportation | 42,842 | 32.6% | 4,456 | 10.4% |
| Daily Life and Healthcare | 36,474 | 27.8% | 3,941 | 10.8% |
| Electronics | 25,693 | 19.6% | 1,836 | 7.1% |
| Building and Construction | 26,333 | 20.0% | 1,041 | 4.0% |
| Other | 35 | 0.0% | 65 | 187.4% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Transportation | 32.6% | 39.3% | 6.7 | 10.4% |
| Daily Life and Healthcare | 27.8% | 34.8% | 7.0 | 10.8% |
| Electronics | 19.6% | 16.2% | -3.4 | 7.1% |
| Building and Construction | 20.0% | 9.2% | -10.9 | 4.0% |
| Other | 0.0% | 0.6% | 0.5 | 187.4% |

Segment → industry: Building and Construction → Chemicals / Electronics → Chemicals / Daily Life and Healthcare → Chemicals / Transportation → Chemicals / Daily Life and Healthcare → Food Packaging / Building and Construction → Housing Equipment & Building Materials

## 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 | 13,400 | 10.2% | S100Y9PN |
| Capital expenditure | 4,929 | 3.8% | S100Y9PN |
| Free cash flow | 8,471 | 6.4% | 算出 |
| Investing cash flow | -2,149 | -1.6% | S100Y9PN |
| Financing cash flow | -9,290 | -7.1% | S100Y9PN |
| Dividends paid | 2,398 | 1.8% | S100Y9PN |
| Share buyback | 4,572 | 3.5% | S100Y9PN |
| Change in cash | 2,080 | 1.6% | S100Y9PN |
| Cash and equivalents | 26,528 | 20.2% | S100Y9PN |

## 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 | 20,677 | 23,455 | 21,852 | 24,448 | 26,528 | S100TOEN, S100VZ92, S100Y9PN |
| Total assets | 102,641 | 112,003 | 115,651 | 116,469 | 119,104 | S100RUNJ, S100TOEN, S100VZ92, S100Y9PN |
| Net assets | 65,449 | 72,165 | 74,017 | 75,780 | 78,442 | S100TOEN, S100VZ92, S100Y9PN |
| Share capital | 8,514 | 8,514 | 8,514 | 8,514 | 8,514 | S100RUNJ, S100TOEN, S100VZ92, S100Y9PN |
| Property, plant and equipment | 25,137 | 27,078 | 28,475 | 30,583 | 30,509 | S100RUNJ, S100TOEN, S100VZ92, S100Y9PN |
| Intangible assets excluding goodwill | 2,106 | 2,287 | 2,247 | 2,646 | 2,420 | S100RUNJ, S100TOEN, S100VZ92, S100Y9PN |
| Goodwill | 7 | 6 | 4 | — | — | S100RUNJ, S100TOEN, S100VZ92 |
| Investment securities | 7,905 | 8,778 | 10,510 | 6,194 | 8,346 | S100RUNJ, S100TOEN, S100VZ92, S100Y9PN |
| Current assets | 65,118 | 71,668 | 71,821 | 74,323 | 74,258 | S100RUNJ, S100TOEN, S100VZ92, S100Y9PN |
| Current liabilities | 31,409 | 33,876 | 35,433 | 34,958 | 32,485 | S100RUNJ, S100TOEN, S100VZ92, S100Y9PN |
| Trade payables | 20,076 | 21,193 | 21,667 | 20,713 | 17,916 | S100RUNJ, S100TOEN, S100VZ92, S100Y9PN |
| Short-term borrowings | 6,769 | 7,718 | 7,749 | 9,102 | 7,599 | S100RUNJ, S100TOEN, S100VZ92, S100Y9PN |
| Long-term borrowings | 2,567 | 2,260 | 1,769 | 2,199 | 3,155 | S100RUNJ, S100TOEN, S100VZ92, S100Y9PN |
| Total liabilities | 37,193 | 39,838 | 41,633 | 40,689 | 40,662 | S100RUNJ, S100TOEN, S100VZ92, S100Y9PN |
| Non-controlling interests | 7,686 | 8,969 | 9,577 | 10,912 | 10,818 | S100RUNJ, S100TOEN, S100VZ92, S100Y9PN |
| Equity attributable to owners of parent | 52,846 | 56,169 | 54,282 | 55,808 | 56,470 | S100RUNJ, S100TOEN, S100VZ92, S100Y9PN |
| Retained earnings | 38,201 | 41,463 | 39,535 | 42,595 | 45,588 | S100RUNJ, S100TOEN, S100VZ92, S100Y9PN |
| Treasury stock | -466 | -406 | -365 | -1,899 | -4,229 | S100RUNJ, S100TOEN, S100VZ92, S100Y9PN |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 22% | S100Y9PN |
| Property, plant and equipment | 26% | S100Y9PN |
| Intangibles and goodwill | 2% | S100Y9PN |
| Investment securities | 7% | S100Y9PN |
| Other assets | 43% | S100Y9PN |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 15% | S100Y9PN |
| Other liabilities | 19% | S100Y9PN |
| Equity | 66% | S100Y9PN |

### 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 | 102,641 | 112,003 | 115,651 | 116,469 | 119,104 |
| Equity | 65,449 | 72,165 | 74,017 | 75,780 | 78,442 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 20,677 | 23,455 | 21,852 | 24,448 | 26,528 |

## 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) | 23.2% | S100Y9PN |
| Fixed assets ÷ total assets | 25.6% | S100Y9PN |
| Goodwill ÷ parent equity | — | —, S100Y9PN |

### 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) | 22.3% |
| Cash ÷ revenue | 20.2% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 117.5% |
| Cash vs. profit gap | 5,830 JPY mn (of net income 77.0%) |
| Shareholder returns / net income | 92.1% |
| Shareholder returns / FCF | 82.3% |
| Shareholder payments — dividends / net income | 31.7% |
| Shareholder payments — dividends / FCF | 28.3% |
| CapEx intensity (capex ÷ revenue) | 3.8% |
| Investing CF relative to operating CF | 16.0% |

## 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 | 3.6% | 1.07× | 3.8% | 1.94× | 7.5% | S100RUNJ |
| 2023 | 3.7% | 1.15× | 4.2% | 1.97× | 8.4% | S100TOEN |
| 2024 | 5.5% | 1.10× | 6.0% | 2.06× | 12.5% | S100VZ92 |
| 2025 | 5.8% | 1.10× | 6.4% | 2.11× | 13.4% | S100Y9PN |
| 2026 | 5.8% | 1.12× | 6.4% | 2.10× | 13.5% | S100Y9PN |

## 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 | 10.3% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 4.0% | 2026-03-31 |
| 株式会社りそな銀行 | Major shareholder | 3.9% | 2026-03-31 |
| 株式会社みずほ銀行 | Major shareholder | 3.9% | 2026-03-31 |
| 信越化学工業株式会社 | Major shareholder | 3.5% | 2026-03-31 |
| 明治安田生命保険相互会社 | Major shareholder | 3.3% | 2026-03-31 |
| 丸紅株式会社 | Major shareholder | 3.1% | 2026-03-31 |
| 三菱商事株式会社 | Major shareholder | 3.0% | 2026-03-31 |
| 三井物産株式会社 | Major shareholder | 2.8% | 2026-03-31 |
| 株式会社三井住友銀行 | Major shareholder | 2.7% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第97期(2025/04/01－2026/03/31) | S100Y9PN | 2026-06-10 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Y9PN,, |
| 有価証券報告書－第96期(2024/04/01－2025/03/31) | S100VZ92 | 2025-06-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VZ92,, |
| 有価証券報告書－第95期(2023/04/01－2024/03/31) | S100TOEN | 2024-06-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TOEN,, |
| 訂正有価証券報告書－第94期(2022/04/01－2023/03/31) | S100RUNJ | 2023-09-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RUNJ,, |
| 訂正有価証券報告書－第93期(2021/04/01－2022/03/31) | S100QN4Z | 2023-04-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QN4Z,, |
| 有価証券報告書－第92期(令和2年4月1日－令和3年3月31日) | S100LK5Q | 2021-06-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LK5Q,, |

## 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).