# Seibu Electric & Machinery 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93期(2025/04/01－2026/03/31) (S100YLBS)
> Page: https://vizora.meequs.com/en/company/seibu-electric-and-machinery
> Retrieved: 2026-09-30T19:58:29.985Z

## Company

Seibu Electric & Machinery, founded in 1927, is a company in Machine Tools listed on TSE Standard. It has 681 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Seibu Electric & Machinery Co.,Ltd. |
| Ticker | 6144 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6144.T) |
| Listing | TSE Standard |
| Head office | 福岡県古賀市駅東三丁目3番1号 |
| Representative (per filing) | 代表取締役社長 税所 幸一 |
| Founded | Jan 1927 |
| Share capital | ¥2.66B |
| Employees (consolidated) | 681 |
| Average salary (parent only) | ¥7.7M |
| Fiscal year end | March |
| Website | www.seibudenki.co.jp (https://www.seibudenki.co.jp/) |
| Corporate number | 2290001036343 |
| EDINET | E01930 |
| Industries (Vizora) | Machine Tools, Industrial Machinery |

> Profile source: annual securities report (S100YLBS, filed 2026-06-25). As of filing

## Five-axis industry profile

Primary industry: Machine Tools (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 83.8 | 34 |
| Profitability | 77.9 | 34 |
| Cash conversion | 11.3 | 31 |
| Efficiency | 92.6 | 34 |

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 47% of Seibu Electric & Machinery's sales come from Precision machine business, with Distribution equipment business and Industrial machine business making up much of the rest.
- Out of every ¥100 of sales, about ¥11 is left as operating profit.
- Revenue changed +17.7% from the prior year, operating profit +31.4%.

## Company structure

- Segment revenue mix: Precision machine business 46.6%、Distribution equipment business 33.6%、Industrial machine business 17.8%、Other 2.0%
- Revenue → net income: ¥39265000000 → ¥3516000000
- Net income → operating cash flow: ¥3516000000 → ¥3451000000（difference ¥-65000000）
- Main uses of operating cash flow: CapEx ¥935000000 / dividends ¥1271000000 / buybacks ¥219000000
- Change in cash: ¥1663000000
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 | ¥39.3B |  |
| Operating income | ¥4.2B | Margin 10.7% |
| Net income | ¥3.52B | Margin 9.0% |
| Free cash flow | ¥2.52B |  |
| Largest business | Precision machine business | of segment revenue 46.6% |
| Employees (consolidated) | 681 |  |
| EPS | ¥231.81 |  |
| Book value per share | ¥2140.32 |  |
| Equity ratio | 67.8% |  |
| Shares outstanding | 15,160,000 |  |
| Treasury shares | 10,400 |  |
| Shareholders | 3,416 |  |
| Average salary (parent only) | ¥7.7M | Filing company only |
| Cash ratio | 20.2% | Cash ÷ revenue 25.5% |
| Vs. industry median margin | +3.6 pp | Machine Tools |
| ROE | 13.9% | Derived from disclosed figures |
| ROA | 7.3% | Derived from disclosed figures |

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥24648231000 | ¥39265000000 | +59.3% |
| Operating income | ¥2289008000 | ¥4195000000 | +83.3% |
| Operating margin | 9.3% | 10.7% | +1.4 pp |
| Employees | 548 people | 681 people | +24.3% |
| Cash and equivalents | ¥10824000000 | ¥10020000000 | -7.4% |

### 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 |
| --- | ---: |
| 搬送機械事業 → 搬送機械事業 | 33.6% |
| 搬送機械事業 → 事業再編・廃止 | 4.1% |
| 産業機械事業 → 産業機械事業 | 17.8% |
| 産業機械事業 → 事業再編・廃止 | 8.2% |
| 精密機械事業 → 精密機械事業 | 34.2% |
| その他 → その他 | 2.0% |
| その他 → 事業再編・廃止 | 0.1% |
| 新設・再編 → 精密機械事業 | 12.4% |

Segment revenue source references: 8 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Precision machine business | 5 years | +16.7% | ¥18300000000 | 11.0% | 2 |
| Distribution equipment business | 5 years | +7.3% | ¥13195000000 | 8.7% | 2 |
| Industrial machine business | 5 years | +1.7% | ¥6993000000 | 14.5% | 2 |
| Other | 5 years | +9.1% | ¥776000000 | 7.2% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 39,265 | 100.0% | S100YLBS |
| Cost of revenue | 27,549 | 70.2% | S100YLBS |
| Gross profit | 11,715 | 29.8% | S100YLBS |
| SG&A | 7,520 | 19.2% | S100YLBS |
| Operating income | 4,195 | 10.7% | S100YLBS |
| Ordinary income | 4,292 | 10.9% | S100YLBS |
| Pretax income | 4,926 | 12.5% | S100YLBS |
| Income tax | 1,410 | 3.6% | S100YLBS |
| Net income | 3,516 | 9.0% | S100YLBS |
| Net income attributable to owners | 3,516 | 9.0% | S100YLBS |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 70 |
| SG&A | 19 |
| Operating income | 11 |
| (Ref.) Net income | 9 |

### Margin funnel

Gross margin 29.8% → Operating margin 10.7% → Net margin 9.0%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +17.7%; Core profit growth: +31.4%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.77×
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 | 33,352 | 39,265 | 5,913 | +17.7% |
| Gross profit | 9,348 | 11,715 | 2,367 | +25.3% |
| Operating income | 3,192 | 4,195 | 1,003 | +31.4% |
| Net income attributable to owners | 2,350 | 3,516 | 1,166 | +49.6% |
| Operating cash flow | 541 | 3,451 | 2,910 | +537.9% |
| Free cash flow | -2,164 | 2,516 | 4,680 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 23,745 | 2,077 | 8.7% | 1,382 | -1,490 | -2,335 | S100LTUF |
| FY ending Mar 2021 | 24,648 | 2,289 | 9.3% | 1,633 | 4,295 | 3,869 | S100OJ8F |
| FY ending Mar 2022 | 26,323 | 2,724 | 10.3% | 1,942 | 3,628 | 3,396 | S100R8LB |
| FY ending Mar 2023 | 28,478 | 2,411 | 8.5% | 1,806 | 1,334 | -1,933 | S100TVF3 |
| FY ending Mar 2024 | 31,945 | 2,782 | 8.7% | 1,977 | 3,712 | 1,522 | S100W6D6 |
| FY ending Mar 2025 | 33,352 | 3,192 | 9.6% | 2,350 | 541 | -2,164 | S100YLBS |
| FY ending Mar 2026 | 39,265 | 4,195 | 10.7% | 3,516 | 3,451 | 2,516 | S100YLBS |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥57.7M |
| Operating income per employee (consolidated) | ¥6.2M |
| Net income per employee (consolidated) | ¥5.2M |

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) | 568 | 591 | 620 | 643 | 681 |
| Average salary (parent company) | ¥7.5M | ¥7.8M | ¥7.3M | ¥7.3M | ¥7.7M |
| Average age (parent company) | 41.7 years | 40.5 years | 40.0 years | 39.6 years | 39.4 years |
| Average tenure (parent company) | 17.6 years | 16.2 years | 15.5 years | 15.2 years | 14.7 years |

Year over year: Employees (consolidated) +5.9% · Revenue (consolidated) +17.7%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Distribution equipment business | 13,195 | 33.6% | 1,142 | 8.7% |
| Industrial machine business | 6,993 | 17.8% | 1,011 | 14.5% |
| Precision machine business | 18,300 | 46.6% | 2,019 | 11.0% |
| Other | 776 | 2.0% | 56 | 7.2% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Distribution equipment business | 33.6% | 27.0% | -6.6 | 8.7% |
| Industrial machine business | 17.8% | 23.9% | 6.1 | 14.5% |
| Precision machine business | 46.6% | 47.8% | 1.1 | 11.0% |
| Other | 2.0% | 1.3% | -0.7 | 7.2% |

Segment → industry: Precision machine business → Machine Tools / Industrial machine business → Industrial Machinery / Distribution equipment 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 | 3,451 | 8.8% | S100YLBS |
| Capital expenditure | 935 | 2.4% | S100YLBS |
| Free cash flow | 2,516 | 6.4% | 算出 |
| Investing cash flow | -257 | -0.7% | S100YLBS |
| Financing cash flow | -1,530 | -3.9% | S100YLBS |
| Dividends paid | 1,271 | 3.2% | S100YLBS |
| Share buyback | 219 | 0.6% | S100YLBS |
| Change in cash | 1,663 | 4.2% | S100YLBS |
| Cash and equivalents | 10,020 | 25.5% | S100YLBS |

## 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 | 13,654 | 10,991 | 11,856 | 8,356 | 10,020 | S100TVF3, S100W6D6, S100YLBS |
| Total assets | 43,252 | 45,116 | 50,127 | 46,411 | 49,723 | S100R8LB, S100TVF3, S100W6D6, S100YLBS |
| Net assets | 27,319 | 28,411 | 30,548 | 30,794 | 33,711 | S100TVF3, S100W6D6, S100YLBS |
| Share capital | 2,658 | 2,658 | 2,658 | 2,658 | 2,658 | S100R8LB, S100TVF3, S100W6D6, S100YLBS |
| Property, plant and equipment | 10,309 | 12,312 | 13,934 | 14,967 | 14,851 | S100R8LB, S100TVF3, S100W6D6, S100YLBS |
| Intangible assets excluding goodwill | 70 | 243 | 579 | 622 | 578 | S100R8LB, S100TVF3, S100W6D6, S100YLBS |
| Investment securities | 5,810 | 5,883 | 6,782 | 5,571 | 6,117 | S100R8LB, S100TVF3, S100W6D6, S100YLBS |
| Current assets | 25,403 | 25,070 | 26,890 | 23,409 | 25,729 | S100R8LB, S100TVF3, S100W6D6, S100YLBS |
| Current liabilities | 11,871 | 12,667 | 15,322 | 11,788 | 12,167 | S100R8LB, S100TVF3, S100W6D6, S100YLBS |
| Trade payables | 2,012 | 2,186 | 2,495 | 2,425 | 2,959 | S100R8LB, S100TVF3, S100W6D6, S100YLBS |
| Short-term borrowings | 416 | 416 | 416 | 416 | 416 | S100R8LB, S100TVF3, S100W6D6, S100YLBS |
| Total liabilities | 15,933 | 16,704 | 19,579 | 15,616 | 16,011 | S100R8LB, S100TVF3, S100W6D6, S100YLBS |
| Equity attributable to owners of parent | 20,422 | 21,546 | 22,923 | 24,341 | 26,365 | S100R8LB, S100TVF3, S100W6D6, S100YLBS |
| Retained earnings | 15,211 | 16,335 | 17,707 | 19,118 | 21,362 | S100R8LB, S100TVF3, S100W6D6, S100YLBS |
| Treasury stock | -63 | -63 | -58 | -52 | -272 | S100R8LB, S100TVF3, S100W6D6, S100YLBS |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 20% | S100YLBS |
| Property, plant and equipment | 30% | S100YLBS |
| Intangibles and goodwill | 1% | S100YLBS |
| Investment securities | 12% | S100YLBS |
| Other assets | 37% | S100YLBS |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 6% | S100YLBS |
| Other liabilities | 26% | S100YLBS |
| Equity | 68% | S100YLBS |
| Other liabilities | 0% | S100YLBS |

### 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 | 43,252 | 45,116 | 50,127 | 46,411 | 49,723 |
| Equity | 27,319 | 28,411 | 30,548 | 30,794 | 33,711 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 13,654 | 10,991 | 11,856 | 8,356 | 10,020 |

## 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) | 37.8% | S100YLBS |
| Fixed assets ÷ total assets | 29.9% | S100YLBS |
| Goodwill ÷ parent equity | — | —, S100YLBS |

### 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) | 20.2% |
| Cash ÷ revenue | 25.5% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 82.3% |
| Cash vs. profit gap | -65 JPY mn (of net income -1.8%) |
| Shareholder returns / net income | 42.4% |
| Shareholder returns / FCF | 59.2% |
| Shareholder payments — dividends / net income | 36.1% |
| Shareholder payments — dividends / FCF | 50.5% |
| CapEx intensity (capex ÷ revenue) | 2.4% |
| Investing CF relative to operating CF | 7.4% |

## 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 | 7.4% | 0.61× | 4.5% | 2.12× | 9.5% | S100R8LB |
| 2023 | 6.3% | 0.64× | 4.1% | 2.11× | 8.6% | S100TVF3 |
| 2024 | 6.2% | 0.67× | 4.2% | 2.14× | 8.9% | S100W6D6 |
| 2025 | 7.0% | 0.69× | 4.9% | 2.04× | 9.9% | S100YLBS |
| 2026 | 9.0% | 0.82× | 7.3% | 1.90× | 13.9% | S100YLBS |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社安川電機 | Major shareholder | 17.4% | 2026-03-31 |
| NOMURA CUSTODY NOMINEESLIMITED OMNIBUS-FULLY PAID(CASHPB)(常任代理人 野村證券株式会社) | Major shareholder | 11.3% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 10.1% | 2026-03-31 |
| 株式会社豊田自動織機 | Major shareholder | 7.3% | 2026-03-31 |
| 株式会社三菱ＵＦＪ銀行 | Major shareholder | 4.3% | 2026-03-31 |
| MSIP CLIENT SECURITIES（常任代理人 モルガン・スタンレーＭＵＦＧ証券株式会社） | Major shareholder | 4.2% | 2026-03-31 |
| 株式会社福岡銀行 | Major shareholder | 4.2% | 2026-03-31 |
| みずほ信託銀行株式会社 | Major shareholder | 4.1% | 2026-03-31 |
| 株式会社西日本シティ銀行 | Major shareholder | 3.9% | 2026-03-31 |
| 西部電機従業員持株会 | Major shareholder | 2.8% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第93期(2025/04/01－2026/03/31) | S100YLBS | 2026-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YLBS,, |
| 有価証券報告書－第92期(2024/04/01－2025/03/31) | S100W6D6 | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W6D6,, |
| 有価証券報告書－第91期(2023/04/01－2024/03/31) | S100TVF3 | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TVF3,, |
| 有価証券報告書－第90期(2022/04/01－2023/03/31) | S100R8LB | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R8LB,, |
| 有価証券報告書－第89期(令和3年4月1日－令和4年3月31日) | S100OJ8F | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OJ8F,, |
| 有価証券報告書－第88期(令和2年4月1日－令和3年3月31日) | S100LTUF | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LTUF,, |

## 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).