# SAKAE ELECTRONICS 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59期(2025/04/01－2026/03/31) (S100YJKR)
> Page: https://vizora.meequs.com/en/company/sakae-electronics
> Retrieved: 2026-09-30T19:05:52.453Z

## Company

Sakae Electronics, founded in 1971, is a company in Specialty Trading & Wholesale listed on TSE Standard. It has 85 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | SAKAE ELECTRONICS CORPORATION |
| Ticker | 7567 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7567.T) |
| Listing | TSE Standard |
| Head office | 東京都千代田区外神田二丁目9番10号 |
| Representative (per filing) | 代表取締役社長 津田百子 |
| Founded | Apr 1971 |
| Share capital | ¥500M |
| Employees (consolidated) | 85 |
| Average salary (parent only) | ¥5.1M |
| Fiscal year end | March |
| Website | www.sakae-denshi.com (https://www.sakae-denshi.com/) |
| Corporate number | 5010001017343 |
| EDINET | E02878 |
| Industries (Vizora) | Specialty Trading & Wholesale |

> Profile source: annual securities report (S100YJKR, filed 2026-06-25). As of filing

## Five-axis industry profile

Primary industry: Specialty Trading & Wholesale (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 49.4 | 179 |
| Profitability | 31.6 | 185 |
| Cash conversion | 13.7 | 179 |
| Efficiency | 15.9 | 185 |

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)

- Sakae Electronics brought in ¥7.33B in revenue.
- Out of every ¥100 of sales, about ¥2 is left as operating profit.
- Revenue changed +14.0% from the prior year, operating profit +119.7%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥7.33B |  |
| Operating income | ¥139.4M | Margin 1.9% |
| Net income | ¥113.8M | Margin 1.6% |
| Free cash flow | — |  |
| Employees (consolidated) | 85 |  |
| EPS | ¥18.81 |  |
| Book value per share | ¥865.46 |  |
| Equity ratio | 65.5% |  |
| Shares outstanding | 5,090,000 |  |
| Treasury shares | 11,200 |  |
| Shareholders | 5,900 |  |
| Average salary (parent only) | ¥5.1M | Filing company only |
| Cash ratio | 14.8% | Cash ÷ revenue 14.9% |
| Vs. industry median margin | -1 pp | Specialty Trading & Wholesale |
| ROE | 2.8% | Derived from disclosed figures |
| ROA | 1.6% | Derived from disclosed figures |

## Notable figures

- FY2026, employees -1% while operating income rose 120%

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥5623667000 | ¥7330361000 | +30.3% |
| Operating income | ¥122947000 | ¥139359000 | +13.3% |
| Operating margin | 2.2% | 1.9% | -0.3 pp |
| Employees | 68 people | 85 people | +25.0% |
| Cash and equivalents | ¥982749000 | ¥1090792000 | +11.0% |

### 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 | 7,330 | 100.0% | S100YJKR |
| Cost of revenue | 6,144 | 83.8% | S100YJKR |
| Gross profit | 1,186 | 16.2% | S100YJKR |
| SG&A | 1,047 | 14.3% | S100YJKR |
| Operating income | 139 | 1.9% | S100YJKR |
| Ordinary income | 154 | 2.1% | S100YJKR |
| Pretax income | 155 | 2.1% | S100YJKR |
| Income tax | 41 | 0.6% | S100YJKR |
| Net income | 114 | 1.6% | S100YJKR |
| Net income attributable to owners | 114 | 1.6% | S100YJKR |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 84 |
| SG&A | 14 |
| Operating income | 2 |
| (Ref.) Net income | 2 |

### Margin funnel

Gross margin 16.2% → Operating margin 1.9% → Net margin 1.6%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +14.0%; Core profit growth: +119.7%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 8.53×
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 | 6,428 | 7,330 | 902 | +14.0% |
| Gross profit | 1,056 | 1,186 | 131 | +12.4% |
| Operating income | 63 | 139 | 76 | +119.7% |
| Net income attributable to owners | 37 | 114 | 77 | +205.5% |
| Operating cash flow | -326 | 25 | 351 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 5,452 | 85 | 1.6% | 67 | 207 | 199 | S100LQ9X |
| FY ending Mar 2021 | 5,624 | 123 | 2.2% | 117 | 208 | 199 | S100OC7U |
| FY ending Mar 2022 | 9,008 | 688 | 7.6% | 532 | 243 | 225 | S100R2JY |
| FY ending Mar 2023 | 10,839 | 881 | 8.1% | 651 | 473 | 399 | S100TQ3Y |
| FY ending Mar 2024 | 8,366 | 319 | 3.8% | 231 | 193 | 168 | S100W7R8 |
| FY ending Mar 2025 | 6,428 | 63 | 1.0% | 37 | -326 | -395 | S100YJKR |
| FY ending Mar 2026 | 7,330 | 139 | 1.9% | 114 | 25 | — | S100YJKR |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥86.2M |
| Operating income per employee (consolidated) | ¥1.6M |
| Net income per employee (consolidated) | ¥1.3M |

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) | 74 | 76 | 80 | 86 | 85 |
| Average salary (parent company) | ¥4.4M | ¥5M | ¥4.7M | ¥4.8M | ¥5.1M |
| Average age (parent company) | 40.0 years | 39.0 years | 40.0 years | 40.0 years | 41.0 years |
| Average tenure (parent company) | 9.0 years | 9.0 years | 10.0 years | 10.0 years | 11.0 years |

Year over year: Employees (consolidated) -1.2% · Revenue (consolidated) +14.0%

## 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 | 25 | 0.3% | S100YJKR |
| Investing cash flow | -32 | -0.4% | S100YJKR |
| Financing cash flow | -51 | -0.7% | S100YJKR |
| Dividends paid | 51 | 0.7% | S100YJKR |
| Change in cash | -66 | -0.9% | S100YJKR |
| Cash and equivalents | 1,091 | 14.9% | S100YJKR |

## 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 | 1,151 | 1,494 | 1,601 | 1,156 | 1,091 | S100TQ3Y, S100W7R8, S100YJKR |
| Total assets | 6,559 | 7,443 | 7,550 | 6,692 | 7,361 | S100R2JY, S100TQ3Y, S100W7R8, S100YJKR |
| Net assets | 3,529 | 4,139 | 4,562 | 4,474 | 4,818 | S100TQ3Y, S100W7R8, S100YJKR |
| Share capital | 500 | 500 | 500 | 500 | 500 | S100R2JY, S100TQ3Y, S100W7R8, S100YJKR |
| Property, plant and equipment | 1,614 | 1,596 | 1,588 | 1,558 | 1,530 | S100R2JY, S100TQ3Y, S100W7R8, S100YJKR |
| Intangible assets excluding goodwill | 47 | 113 | 154 | 215 | 245 | S100R2JY, S100TQ3Y, S100W7R8, S100YJKR |
| Investment securities | 533 | 522 | 881 | 786 | 1,197 | S100R2JY, S100TQ3Y, S100W7R8, S100YJKR |
| Current assets | 4,358 | 5,202 | 4,917 | 4,126 | 4,378 | S100R2JY, S100TQ3Y, S100W7R8, S100YJKR |
| Current liabilities | 2,875 | 3,165 | 2,736 | 1,975 | 2,189 | S100R2JY, S100TQ3Y, S100W7R8, S100YJKR |
| Trade payables | 1,968 | 2,276 | 820 | 616 | 809 | S100R2JY, S100TQ3Y, S100W7R8, S100YJKR |
| Short-term borrowings | 500 | 500 | 500 | 500 | 500 | S100R2JY, S100TQ3Y, S100W7R8, S100YJKR |
| Total liabilities | 3,030 | 3,304 | 2,988 | 2,218 | 2,543 | S100R2JY, S100TQ3Y, S100W7R8, S100YJKR |
| Equity attributable to owners of parent | 3,298 | 3,914 | 4,083 | 4,070 | 4,133 | S100R2JY, S100TQ3Y, S100W7R8, S100YJKR |
| Retained earnings | 2,430 | 3,046 | 3,216 | 3,202 | 3,265 | S100R2JY, S100TQ3Y, S100W7R8, S100YJKR |
| Treasury stock | -5 | -5 | -5 | -5 | -5 | S100R2JY, S100TQ3Y, S100W7R8, S100YJKR |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 15% | S100YJKR |
| Property, plant and equipment | 21% | S100YJKR |
| Intangibles and goodwill | 3% | S100YJKR |
| Investment securities | 16% | S100YJKR |
| Other assets | 45% | S100YJKR |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 11% | S100YJKR |
| Other liabilities | 24% | S100YJKR |
| Equity | 65% | S100YJKR |
| Other liabilities | 0% | S100YJKR |

### 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 | 6,559 | 7,443 | 7,550 | 6,692 | 7,361 |
| Equity | 3,529 | 4,139 | 4,562 | 4,474 | 4,818 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 1,151 | 1,494 | 1,601 | 1,156 | 1,091 |

## 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) | 20.9% | S100YJKR |
| Fixed assets ÷ total assets | 20.8% | S100YJKR |
| Goodwill ÷ parent equity | — | —, S100YJKR |

### 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) | 14.8% |
| Cash ÷ revenue | 14.9% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 18.0% |
| Cash vs. profit gap | -89 JPY mn (of net income -78.0%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 44.6% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | — |
| Investing CF relative to operating CF | 128.8% |

## 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 | 5.9% | 1.37× | 8.1% | 1.99× | 16.1% | S100R2JY |
| 2023 | 6.0% | 1.55× | 9.3% | 1.94× | 18.1% | S100TQ3Y |
| 2024 | 2.8% | 1.12× | 3.1% | 1.87× | 5.8% | S100W7R8 |
| 2025 | 0.6% | 0.90× | 0.5% | 1.75× | 0.9% | S100YJKR |
| 2026 | 1.6% | 1.04× | 1.6% | 1.71× | 2.8% | S100YJKR |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 染谷 英雄 | Major shareholder | 24.3% | 2026-03-31 |
| ウルトラテクノロジー株式会社 | Major shareholder | 8.7% | 2026-03-31 |
| 染谷 美穂子 | Major shareholder | 7.6% | 2026-03-31 |
| 有限会社酒東商事 | Major shareholder | 7.3% | 2026-03-31 |
| 染谷 崇 | Major shareholder | 5.9% | 2026-03-31 |
| 染谷 政一 | Major shareholder | 5.9% | 2026-03-31 |
| 扇谷 昭子 | Major shareholder | 1.4% | 2026-03-31 |
| 中西 豊子 | Major shareholder | 1.0% | 2026-03-31 |
| 栄電子社員持株会 | Major shareholder | 0.9% | 2026-03-31 |
| 小原 悟古 | Major shareholder | 0.7% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第59期(2025/04/01－2026/03/31) | S100YJKR | 2026-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YJKR,, |
| 有価証券報告書－第58期(2024/04/01－2025/03/31) | S100W7R8 | 2025-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W7R8,, |
| 有価証券報告書－第57期(2023/04/01－2024/03/31) | S100TQ3Y | 2024-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TQ3Y,, |
| 有価証券報告書－第56期(2022/04/01－2023/03/31) | S100R2JY | 2023-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R2JY,, |
| 有価証券報告書－第55期(令和3年4月1日－令和4年3月31日) | S100OC7U | 2022-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OC7U,, |
| 有価証券報告書－第54期(令和2年4月1日－令和3年3月31日) | S100LQ9X | 2021-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LQ9X,, |

## 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).