# SAKURAI 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78期(2025/04/01－2026/03/31) (S100YI1Y)
> Page: https://vizora.meequs.com/en/company/sakurai
> Retrieved: 2026-09-30T20:25:40.270Z

## Company

Sakurai, founded in 1948, is a company in Auto Parts listed on TSE Standard. It has 271 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | SAKURAI LTD. |
| Ticker | 7255 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7255.T) |
| Listing | TSE Standard |
| Head office | 静岡県浜松市中央区半田町720番地 |
| Representative (per filing) | 代表取締役社長 櫻井 成二 |
| Founded | Sep 1948 |
| Share capital | ¥100M |
| Employees (consolidated) | 271 |
| Average salary (parent only) | ¥5.4M |
| Fiscal year end | March |
| Website | www.sakurai-net.co.jp (https://www.sakurai-net.co.jp/) |
| Corporate number | 9080401001936 |
| EDINET | E01644 |
| Industries (Vizora) | Auto Parts, Machine Tools |

> Profile source: annual securities report (S100YI1Y, filed 2026-06-26). As of filing

## Five-axis industry profile

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

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 59.5 | 110 |
| Profitability | 25.7 | 111 |
| Cash conversion | 98.6 | 108 |
| Efficiency | 9.5 | 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 73% of Sakurai's sales come from Motor parts production business, with Machine tool production business making up much of the rest.
- Out of every ¥100 of sales, about ¥3 is left as operating profit.
- Revenue changed -0.7% from the prior year, operating profit -13.4%.

## Company structure

- Segment revenue mix: Motor parts production business 73.1%、Machine tool production business 26.9%
- Revenue → net income: ¥4928906000 → ¥234807000
- Net income → operating cash flow: ¥234807000 → ¥1065474000（difference ¥830667000）
- Main uses of operating cash flow: CapEx ¥287132000 / dividends ¥51060000 / buybacks ¥46093000
- Change in cash: ¥293801000
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 | ¥4.93B |  |
| Operating income | ¥141.7M | Margin 2.9% |
| Net income | ¥234.8M | Margin 4.8% |
| Free cash flow | ¥778.3M |  |
| Largest business | Motor parts production business | of segment revenue 73.1% |
| Employees (consolidated) | 271 |  |
| EPS | ¥70.46 |  |
| Book value per share | ¥1564.95 |  |
| Equity ratio | 67.7% |  |
| Shares outstanding | 4,000,000 |  |
| Treasury shares | 678,400 |  |
| Shareholders | 445 |  |
| Average salary (parent only) | ¥5.4M | Filing company only |
| Cash ratio | 21.5% | Cash ÷ revenue 32.1% |
| Vs. industry median margin | -1.9 pp | Auto Parts |
| ROE | 4.7% | Derived from disclosed figures |
| ROA | 3.2% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 4.5× net income
- FY2026, one segment accounts for 100% of positive segment profit
- FY2026, segment profit share differs by 27 points

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥3414618000 | ¥4928906000 | +44.3% |
| Operating income | ¥-560625000 | ¥141715000 | — |
| Operating margin | -16.4% | 2.9% | +19.3 pp |
| Employees | 310 people | 271 people | -12.6% |
| Cash and equivalents | ¥1164480000 | ¥1583055000 | +35.9% |

### 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 |
| --- | ---: |
| 自動車部品製造事業 → 自動車部品製造事業 | 73.1% |
| 自動車部品製造事業 → 事業再編・廃止 | 4.2% |
| 工作機械製造事業 → 工作機械製造事業 | 22.7% |
| 新設・再編 → 工作機械製造事業 | 4.2% |

Segment revenue source references: 4 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 4,929 | 100.0% | S100YI1Y |
| Cost of revenue | 4,249 | 86.2% | S100YI1Y |
| Gross profit | 680 | 13.8% | S100YI1Y |
| SG&A | 539 | 10.9% | S100YI1Y |
| Operating income | 142 | 2.9% | S100YI1Y |
| Ordinary income | 268 | 5.4% | S100YI1Y |
| Pretax income | 285 | 5.8% | S100YI1Y |
| Income tax | 50 | 1.0% | S100YI1Y |
| Net income | 235 | 4.8% | S100YI1Y |
| Net income attributable to owners | 235 | 4.8% | S100YI1Y |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 86 |
| SG&A | 11 |
| Operating income | 3 |
| (Ref.) Net income | 5 |

### Margin funnel

Gross margin 13.8% → Operating margin 2.9% → Net margin 4.8%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit down
Revenue growth: -0.7%; Core profit growth: -13.4%
Operating leverage (core profit growth ÷ revenue growth): 18.85×
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 | 4,964 | 4,929 | -35 | -0.7% |
| Gross profit | 747 | 680 | -66 | -8.9% |
| Operating income | 164 | 142 | -22 | -13.4% |
| Net income attributable to owners | 212 | 235 | 23 | +10.8% |
| Operating cash flow | 311 | 1,065 | 754 | +242.2% |
| Free cash flow | 59 | 778 | 719 | +1210.5% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 6,243 | 39 | 0.6% | 84 | 1,753 | 528 | S100LOHD |
| FY ending Mar 2021 | 3,415 | -561 | -16.4% | -372 | 128 | -231 | S100OF39 |
| FY ending Mar 2022 | 4,872 | 28 | 0.6% | 186 | 1,021 | 446 | S100R63P |
| FY ending Mar 2023 | 4,598 | -417 | -9.1% | -306 | -473 | -1,284 | S100TRUS |
| FY ending Mar 2024 | 5,539 | -263 | -4.8% | 322 | 1,089 | 539 | S100W5W6 |
| FY ending Mar 2025 | 4,964 | 164 | 3.3% | 212 | 311 | 59 | S100YI1Y |
| FY ending Mar 2026 | 4,929 | 142 | 2.9% | 235 | 1,065 | 778 | S100YI1Y |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥18.2M |
| Operating income per employee (consolidated) | ¥522.9K |
| Net income per employee (consolidated) | ¥866.4K |

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) | 329 | 320 | 308 | 285 | 271 |
| Average salary (parent company) | ¥5M | ¥5M | ¥5.2M | ¥5.3M | ¥5.4M |
| Average age (parent company) | 39.8 years | 40.3 years | 41.9 years | 42.5 years | 42.6 years |
| Average tenure (parent company) | 15.9 years | 16.5 years | 18.0 years | 18.6 years | 18.4 years |

Year over year: Employees (consolidated) -4.9% · Revenue (consolidated) -0.7%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Motor parts production business | 3,604 | 73.1% | 260 | 7.2% |
| Machine tool production business | 1,325 | 26.9% | -118 | -8.9% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Motor parts production business | 73.1% | 100.0% | 26.9 | 7.2% |
| Machine tool production business | 26.9% | — | — | -8.9% |

Loss-making segment (excluded from profit shares): Machine tool production business -118 JPY mn

Segment → industry: Motor parts production business → Auto Parts / Machine tool production business → Machine Tools

## 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 | 1,065 | 21.6% | S100YI1Y |
| Capital expenditure | 287 | 5.8% | S100YI1Y |
| Free cash flow | 778 | 15.8% | 算出 |
| Investing cash flow | -450 | -9.1% | S100YI1Y |
| Financing cash flow | -320 | -6.5% | S100YI1Y |
| Dividends paid | 51 | 1.0% | S100YI1Y |
| Share buyback | 46 | 0.9% | S100YI1Y |
| Change in cash | 294 | 6.0% | S100YI1Y |
| Cash and equivalents | 1,583 | 32.1% | S100YI1Y |

## 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 | 1,155 | 566 | 1,289 | 1,289 | 1,583 | S100TRUS, S100W5W6, S100YI1Y |
| Total assets | 7,339 | 7,808 | 7,123 | 7,372 | 7,355 | S100R63P, S100TRUS, S100W5W6, S100YI1Y |
| Net assets | 4,978 | 4,644 | 4,759 | 4,861 | 4,982 | S100TRUS, S100W5W6, S100YI1Y |
| Share capital | 100 | 100 | 100 | 100 | 100 | S100R63P, S100TRUS, S100W5W6, S100YI1Y |
| Property, plant and equipment | 3,789 | 3,981 | 3,759 | 3,232 | 2,857 | S100R63P, S100TRUS, S100W5W6, S100YI1Y |
| Intangible assets excluding goodwill | 65 | 51 | 36 | 19 | 13 | S100R63P, S100TRUS, S100W5W6, S100YI1Y |
| Investment securities | 556 | 585 | 226 | 423 | 741 | S100R63P, S100TRUS, S100W5W6, S100YI1Y |
| Current assets | 2,174 | 2,454 | 2,378 | 2,971 | 2,888 | S100R63P, S100TRUS, S100W5W6, S100YI1Y |
| Current liabilities | 1,134 | 2,131 | 1,740 | 1,614 | 1,686 | S100R63P, S100TRUS, S100W5W6, S100YI1Y |
| Short-term borrowings | — | 900 | 900 | 800 | 800 | S100TRUS, S100W5W6, S100YI1Y |
| Long-term borrowings | 655 | 482 | 166 | 572 | 360 | S100R63P, S100TRUS, S100W5W6, S100YI1Y |
| Total liabilities | 2,362 | 3,164 | 2,363 | 2,511 | 2,373 | S100R63P, S100TRUS, S100W5W6, S100YI1Y |
| Equity attributable to owners of parent | 4,931 | 4,560 | 4,807 | 4,900 | 5,037 | S100R63P, S100TRUS, S100W5W6, S100YI1Y |
| Retained earnings | 4,884 | 4,523 | 4,808 | 4,984 | 5,168 | S100R63P, S100TRUS, S100W5W6, S100YI1Y |
| Treasury stock | -179 | -189 | -227 | -311 | -357 | S100R63P, S100TRUS, S100W5W6, S100YI1Y |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 22% | S100YI1Y |
| Property, plant and equipment | 39% | S100YI1Y |
| Intangibles and goodwill | 0% | S100YI1Y |
| Investment securities | 10% | S100YI1Y |
| Other assets | 29% | S100YI1Y |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 32% | S100YI1Y |
| Equity | 68% | S100YI1Y |
| Other liabilities | 0% | S100YI1Y |

### 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 | 7,339 | 7,808 | 7,123 | 7,372 | 7,355 |
| Equity | 4,978 | 4,644 | 4,759 | 4,861 | 4,982 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 1,155 | 566 | 1,289 | 1,289 | 1,583 |

## 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) | 58.0% | S100YI1Y |
| Fixed assets ÷ total assets | 38.8% | S100YI1Y |
| Goodwill ÷ parent equity | — | —, S100YI1Y |

### 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) | 21.5% |
| Cash ÷ revenue | 32.1% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 751.8% |
| Cash vs. profit gap | 831 JPY mn (of net income 353.8%) |
| Shareholder returns / net income | 41.4% |
| Shareholder returns / FCF | 12.5% |
| Shareholder payments — dividends / net income | 21.7% |
| Shareholder payments — dividends / FCF | 6.6% |
| CapEx intensity (capex ÷ revenue) | 5.8% |
| Investing CF relative to operating CF | 42.3% |

## 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 | 3.8% | 0.66× | 2.5% | 1.49× | 3.8% | S100R63P |
| 2023 | — | —× | -4.0% | —× | — | S100TRUS |
| 2024 | 5.8% | 0.74× | 4.3% | 1.59× | 6.9% | S100W5W6 |
| 2025 | 4.3% | 0.68× | 2.9% | 1.49× | 4.4% | S100YI1Y |
| 2026 | 4.8% | 0.67× | 3.2% | 1.48× | 4.7% | S100YI1Y |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 桜井興産株式会社 | Major shareholder | 27.7% | 2026-03-31 |
| 桜井取引先持株会 | Major shareholder | 10.6% | 2026-03-31 |
| 櫻井 美枝子 | Major shareholder | 9.6% | 2026-03-31 |
| 株式会社不二 | Major shareholder | 7.8% | 2026-03-31 |
| 櫻井 成二 | Major shareholder | 4.3% | 2026-03-31 |
| 株式会社古橋 | Major shareholder | 1.9% | 2026-03-31 |
| 桜井製作所従業員持株会 | Major shareholder | 1.9% | 2026-03-31 |
| 前田 順子 | Major shareholder | 1.6% | 2026-03-31 |
| 楽天証券株式会社共有口 | Major shareholder | 1.4% | 2026-03-31 |
| 豊証券株式会社 | Major shareholder | 1.2% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第78期(2025/04/01－2026/03/31) | S100YI1Y | 2026-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YI1Y,, |
| 有価証券報告書－第77期(2024/04/01－2025/03/31) | S100W5W6 | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W5W6,, |
| 有価証券報告書－第76期(2023/04/01－2024/03/31) | S100TRUS | 2024-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TRUS,, |
| 有価証券報告書－第75期(2022/04/01－2023/03/31) | S100R63P | 2023-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R63P,, |
| 有価証券報告書－第74期(令和3年4月1日－令和4年3月31日) | S100OF39 | 2022-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OF39,, |
| 有価証券報告書－第73期(令和2年4月1日－令和3年3月31日) | S100LOHD | 2021-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LOHD,, |

## 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).