# SEVEN INDUSTRIES CO.,LTD.: business model and financials

> Latest period: FY ending Mar 2026, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第67期(2025/04/01－2026/03/31) (S100YEA0)
> Page: https://vizora.meequs.com/en/company/seven-industries
> Retrieved: 2026-09-30T22:13:48.821Z

## Company

Seven Industries, founded in 1961, is a company in Real Estate Development & Leasing listed on TSE Standard. It has 376 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | SEVEN INDUSTRIES CO.,LTD. |
| Ticker | 7896 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7896.T) |
| Listing | TSE Standard |
| Head office | 岐阜県美濃加茂市牧野1006番地 |
| Representative (per filing) | 代表取締役 社長執行役員 木下 浩一 |
| Founded | Feb 1961 |
| Share capital | ¥2.47B |
| Employees (consolidated) | 376 |
| Average salary (parent only) | ¥5.4M |
| Fiscal year end | March |
| Website | www.pronexus.co.jp (https://www.pronexus.co.jp/) |
| Corporate number | 1200001017170 |
| EDINET | E00633 |
| Industries (Vizora) | Real Estate Development & Leasing, Housing Equipment & Building Materials |

> Profile source: annual securities report (S100YEA0, filed 2026-06-19). As of filing

## Five-axis industry profile

Primary industry: Housing Equipment & Building Materials (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 58 | 56 |
| Profitability | 11.2 | 58 |
| Efficiency | 94 | 58 |

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 53% of Seven Industries's sales come from Interior building materials business unit, with Wooden structural building materials business unit and Other making up much of the rest.
- Operating profit was close to zero, a slight loss per ¥100 of sales.
- Revenue changed +1.1% from the prior year, operating profit -130.6%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥15.6B |  |
| Operating income | -¥56M | Margin -0.4% |
| Net income | -¥127M | Margin -0.8% |
| Free cash flow | -¥920M |  |
| Largest business | Interior building materials business unit | of segment revenue 53.2% |
| Employees (consolidated) | 376 |  |
| EPS | ¥-28.66 |  |
| Book value per share | ¥1366.17 |  |
| Equity ratio | 55.7% |  |
| Shares outstanding | 4,673,000 |  |
| Treasury shares | 209,800 |  |
| Shareholders | 3,519 |  |
| Average salary (parent only) | ¥5.4M | Filing company only |
| Cash ratio | 6.8% | Cash ÷ revenue 4.8% |
| Vs. industry median margin | -4.8 pp | Housing Equipment & Building Materials |
| ROA | -1.2% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 100% of positive segment profit
- FY2026, segment profit share differs by 100 points

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥12686000000 | ¥15589000000 | +22.9% |
| Operating income | ¥156000000 | ¥-56000000 | -135.9% |
| Operating margin | 1.2% | -0.4% | -1.6 pp |
| Employees | 402 people | 376 people | -6.5% |
| Cash and equivalents | ¥792000000 | ¥743000000 | -6.2% |

### 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.

| Flow | Revenue share |
| --- | ---: |
| 内装建材事業 → 内装建材事業 | 53.2% |
| 内装建材事業 → 事業再編・廃止 | 6.7% |
| 木構造事業 → 木構造事業 | 40.0% |
| その他 → その他 | 0.1% |
| その他 → 事業再編・廃止 | 0.0% |
| 新設・再編 → 木構造事業 | 6.7% |

Segment revenue source references: 6 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Interior building materials business unit | 5 years | +1.8% | ¥8289000000 | -0.3% | 2 |
| Wooden structural building materials business unit | 5 years | +7.5% | ¥7287000000 | -0.5% | 2 |
| Other | 5 years | -4.4% | ¥12000000 | 33.3% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 15,589 | 100.0% | S100YEA0 |
| Cost of revenue | 13,494 | 86.6% | S100YEA0 |
| Gross profit | 2,094 | 13.4% | S100YEA0 |
| SG&A | 2,151 | 13.8% | S100YEA0 |
| Operating income | -56 | -0.4% | S100YEA0 |
| Ordinary income | -60 | -0.4% | S100YEA0 |
| Pretax income | -89 | -0.6% | S100YEA0 |
| Income tax | 38 | 0.2% | S100YEA0 |
| Net income | -127 | -0.8% | S100YEA0 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 86 |
| SG&A | 14 |
| Operating income | 0 |
| (Ref.) Net income | -1 |

### Margin funnel

Gross margin 13.4% → Operating margin -0.4% → Net margin -0.8%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Turned to a loss
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 | 15,419 | 15,589 | 170 | +1.1% |
| Gross profit | 2,297 | 2,094 | -203 | -8.8% |
| Operating income | 183 | -56 | -239 | -130.6% |
| Operating cash flow | 328 | -264 | -592 | -180.5% |
| Free cash flow | -174 | -920 | -746 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 14,642 | 398 | 2.7% | 247 | 1,263 | 1,020 | S100LNU1 |
| FY ending Mar 2021 | 12,686 | 156 | 1.2% | 275 | 623 | 485 | S100OC5W |
| FY ending Mar 2022 | 16,016 | 463 | 2.9% | 361 | -332 | -509 | S100R5ZL |
| FY ending Mar 2023 | 17,655 | 325 | 1.8% | 231 | 281 | 26 | S100TZV5 |
| FY ending Mar 2024 | 15,264 | 37 | 0.2% | -783 | 879 | 648 | S100W788 |
| FY ending Mar 2025 | 15,419 | 183 | 1.2% | 184 | 328 | -174 | S100YEA0 |
| FY ending Mar 2026 | 15,589 | -56 | -0.4% | -127 | -264 | -920 | S100YEA0 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥41.5M |
| Operating income per employee (consolidated) | -¥148.9K |
| Net income per employee (consolidated) | -¥337.8K |

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) | 404 | 399 | 392 | 378 | 376 |
| Average salary (parent company) | ¥4.9M | ¥5.2M | ¥4.9M | ¥5.2M | ¥5.4M |
| Average age (parent company) | 41.3 years | 41.4 years | 42.1 years | 42.3 years | 42.5 years |
| Average tenure (parent company) | 15.3 years | 15.5 years | 16.1 years | 16.3 years | 16.1 years |

Year over year: Employees (consolidated) -0.5% · Revenue (consolidated) +1.1%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Interior building materials business unit | 8,289 | 53.2% | -22 | -0.3% |
| Wooden structural building materials business unit | 7,287 | 46.7% | -37 | -0.5% |
| Other | 12 | 0.1% | 4 | 33.3% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Interior building materials business unit | 53.2% | — | — | -0.3% |
| Wooden structural building materials business unit | 46.7% | — | — | -0.5% |
| Other | 0.1% | 100.0% | 99.9 | 33.3% |

Loss-making segment (excluded from profit shares): Interior building materials business unit -22 JPY mn

Loss-making segment (excluded from profit shares): Wooden structural building materials business unit -37 JPY mn

Segment → industry: Other → Real Estate Development & Leasing / Wooden structural building materials business unit → Housing Equipment & Building Materials / Interior building materials business unit → Housing Equipment & Building Materials

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, non-consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -264 | -1.7% | S100YEA0 |
| Capital expenditure | 656 | 4.2% | S100YEA0 |
| Free cash flow | -920 | -5.9% | 算出 |
| Investing cash flow | -674 | -4.3% | S100YEA0 |
| Financing cash flow | 484 | 3.1% | S100YEA0 |
| Dividends paid | 89 | 0.6% | S100YEA0 |
| Share buyback | 0 | 0.0% | S100YEA0 |
| Change in cash | -454 | -2.9% | S100YEA0 |
| Cash and equivalents | 743 | 4.8% | S100YEA0 |

## 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 | 751 | 775 | 1,130 | 1,197 | 743 | S100TZV5, S100W788, S100YEA0 |
| Total assets | 11,984 | 11,825 | 10,556 | 10,942 | 10,949 | S100R5ZL, S100TZV5, S100W788, S100YEA0 |
| Net assets | 6,948 | 7,090 | 6,219 | 6,313 | 6,097 | S100TZV5, S100W788, S100YEA0 |
| Share capital | 2,473 | 2,473 | 2,473 | 2,473 | 2,473 | S100R5ZL, S100TZV5, S100W788, S100YEA0 |
| Property, plant and equipment | 3,926 | 4,002 | 3,398 | 3,848 | 4,368 | S100R5ZL, S100TZV5, S100W788, S100YEA0 |
| Intangible assets excluding goodwill | 74 | 63 | 48 | 60 | 110 | S100R5ZL, S100TZV5, S100W788, S100YEA0 |
| Investment securities | 7 | 8 | 12 | 11 | 15 | S100R5ZL, S100TZV5, S100W788, S100YEA0 |
| Current assets | 7,727 | 7,541 | 6,917 | 6,782 | 6,168 | S100R5ZL, S100TZV5, S100W788, S100YEA0 |
| Current liabilities | 4,322 | 3,687 | 3,146 | 3,016 | 3,025 | S100R5ZL, S100TZV5, S100W788, S100YEA0 |
| Short-term borrowings | 500 | 250 | — | — | 400 | S100R5ZL, S100TZV5, S100YEA0 |
| Long-term borrowings | 635 | 960 | 1,025 | 1,345 | 1,525 | S100R5ZL, S100TZV5, S100W788, S100YEA0 |
| Total liabilities | 5,035 | 4,734 | 4,337 | 4,628 | 4,851 | S100R5ZL, S100TZV5, S100W788, S100YEA0 |
| Equity attributable to owners of parent | 6,948 | 7,090 | 6,216 | 6,312 | 6,094 | S100R5ZL, S100TZV5, S100W788, S100YEA0 |
| Retained earnings | 2,043 | 2,185 | 1,312 | 1,408 | 1,190 | S100R5ZL, S100TZV5, S100W788, S100YEA0 |
| Treasury stock | -244 | -244 | -244 | -244 | -244 | S100R5ZL, S100TZV5, S100W788, S100YEA0 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 7% | S100YEA0 |
| Property, plant and equipment | 40% | S100YEA0 |
| Intangibles and goodwill | 1% | S100YEA0 |
| Investment securities | 0% | S100YEA0 |
| Other assets | 52% | S100YEA0 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 44% | S100YEA0 |
| Equity | 56% | S100YEA0 |
| Other liabilities | 0% | S100YEA0 |

### 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 | 11,984 | 11,825 | 10,556 | 10,942 | 10,949 |
| Equity | 6,948 | 7,090 | 6,219 | 6,313 | 6,097 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 751 | 775 | 1,130 | 1,197 | 743 |

## 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) | 28.0% | S100YEA0 |
| Fixed assets ÷ total assets | 39.9% | S100YEA0 |
| Goodwill ÷ parent equity | — | —, S100YEA0 |

### 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) | 6.8% |
| Cash ÷ revenue | 4.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | -137 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 4.2% |
| Investing CF relative to operating CF | — |

## 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 | 2.3% | 1.34× | 3.0% | 1.72× | 5.2% | S100R5ZL |
| 2023 | 1.3% | 1.48× | 1.9% | 1.70× | 3.3% | S100TZV5 |
| 2024 | — | —× | -7.0% | —× | — | S100W788 |
| 2025 | 1.2% | 1.43× | 1.7% | 1.72× | 2.9% | S100YEA0 |
| 2026 | — | —× | -1.2% | —× | — | S100YEA0 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 都築木材株式会社 | Major shareholder | 40.1% | 2026-03-31 |
| 西垣林業株式会社 | Major shareholder | 10.1% | 2026-03-31 |
| セブン工業社員持株会 | Major shareholder | 3.0% | 2026-03-31 |
| 村上 隆吾 | Major shareholder | 2.9% | 2026-03-31 |
| 水元 公仁 | Major shareholder | 1.8% | 2026-03-31 |
| 須山木材株式会社 | Major shareholder | 1.7% | 2026-03-31 |
| 原田 義久 | Major shareholder | 1.4% | 2026-03-31 |
| 丸山木材ホールディングス株式会社 | Major shareholder | 1.4% | 2026-03-31 |
| 株式会社エステックス | Major shareholder | 1.3% | 2026-03-31 |
| 内木 真哉 | Major shareholder | 1.3% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第67期(2025/04/01－2026/03/31) | S100YEA0 | 2026-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YEA0,, |
| 有価証券報告書－第66期(2024/04/01－2025/03/31) | S100W788 | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W788,, |
| 訂正有価証券報告書－第65期(2023/04/01－2024/03/31) | S100TZV5 | 2024-07-04 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TZV5,, |
| 有価証券報告書－第64期(2022/04/01－2023/03/31) | S100R5ZL | 2023-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R5ZL,, |
| 有価証券報告書－第63期(令和3年4月1日－令和4年3月31日) | S100OC5W | 2022-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OC5W,, |
| 有価証券報告書－第62期(令和2年4月1日－令和3年3月31日) | S100LNU1 | 2021-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LNU1,, |

## 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).