# SHIBUYA CORPORATION: business model and financials

> Latest period: FY ending Jun 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第78期(2025/07/01－2026/06/30) (S100Z359)
> Page: https://vizora.meequs.com/en/company/shibuya
> Retrieved: 2026-09-30T21:38:03.224Z

## Company

Shibuya, founded in 1949, is a company in Medical Devices listed on TSE Prime. It has 3,437 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | SHIBUYA CORPORATION |
| Ticker | 6340 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6340.T) |
| Listing | TSE Prime |
| Head office | 石川県金沢市大豆田本町甲58番地 |
| Representative (per filing) | 代表取締役社長 澁谷 英利 |
| Founded | Jun 1949 |
| Share capital | ¥11.4B |
| Employees (consolidated) | 3,437 |
| Average salary (parent only) | ¥6.8M |
| Fiscal year end | June |
| Website | www.shibuya.co.jp (https://www.shibuya.co.jp/) |
| Corporate number | 7220001003337 |
| EDINET | E01666 |
| Industries (Vizora) | Medical Devices, Semiconductor Equipment, Industrial Machinery, Construction & Farm Machinery |

> Profile source: annual securities report (S100Z359, filed 2026-09-24). As of filing

## Five-axis industry profile

Primary industry: Industrial Machinery (2026-06-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 39.5 | 110 |
| Profitability | 63.5 | 122 |
| Cash conversion | 15.1 | 116 |
| Efficiency | 69.3 | 122 |

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 62% of Shibuya's sales come from PACKAGING PLANTS DIV., with MECHATRONICS DIV. and AGRICULTURAL DIV. making up much of the rest.
- Out of every ¥100 of sales, about ¥10 is left as operating profit.
- Revenue changed +5.1% from the prior year, operating profit -4.9%.

## Company structure

- Segment revenue mix: PACKAGING PLANTS DIV. 62.0%、MECHATRONICS DIV. 28.8%、AGRICULTURAL DIV. 9.3%
- Revenue → net income: ¥135613000000 → ¥10223000000
- Net income → operating cash flow: ¥10223000000 → ¥5280000000（difference ¥-4943000000）
- Main uses of operating cash flow: CapEx ¥4448000000 / dividends ¥2695000000 / buybacks —
- Change in cash: ¥-8590000000
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 | ¥135.6B |  |
| Operating income | ¥13.1B | Margin 9.6% |
| Net income | ¥10.2B | Margin 7.5% |
| Free cash flow | ¥832M |  |
| Largest business | PACKAGING PLANTS DIV. | of segment revenue 62.0% |
| Employees (consolidated) | 3,437 |  |
| EPS | ¥313.48 |  |
| Book value per share | ¥3428.12 |  |
| Equity ratio | 68.7% |  |
| Shares outstanding | 28,149,000 |  |
| Treasury shares | 483,600 |  |
| Shareholders | 3,171 |  |
| Average salary (parent only) | ¥6.8M | Filing company only |
| Cash ratio | 21.2% | Cash ÷ revenue 27.1% |
| Vs. industry median margin | +2.1 pp | Industrial Machinery |
| ROE | 9.5% | Derived from disclosed figures |
| ROA | 6.1% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 85% of positive segment profit
- FY2026, segment profit share differs by 23 points

## What changed in 5 years

| Metric | FY ending Jun 2021 | FY ending Jun 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥103965000000 | ¥135613000000 | +30.4% |
| Operating income | ¥12700000000 | ¥13081000000 | +3.0% |
| Operating margin | 12.2% | 9.6% | -2.6 pp |
| Employees | 3,131 people | 3,437 people | +9.8% |
| Cash and equivalents | ¥35292000000 | ¥36700000000 | +4.0% |

### Change in segment revenue mix

Span: FY ending Jun 2021 → FY ending Jun 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| パッケージングプラント事業 → パッケージングプラント事業 | 57.7% |
| メカトロシステム事業 → メカトロシステム事業 | 28.8% |
| メカトロシステム事業 → 事業再編・廃止 | 0.2% |
| 農業用設備事業 → 農業用設備事業 | 9.3% |
| 農業用設備事業 → 事業再編・廃止 | 4.1% |
| 新設・再編 → パッケージングプラント事業 | 4.3% |

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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| PACKAGING PLANTS DIV. | 5 years | +7.0% | ¥84041000000 | 15.8% | 2 |
| MECHATRONICS DIV. | 5 years | +5.3% | ¥38997000000 | 4.6% | 2 |
| AGRICULTURAL DIV. | 5 years | -2.0% | ¥12574000000 | 4.1% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 135,613 | 100.0% | S100Z359 |
| Cost of revenue | 110,376 | 81.4% | S100Z359 |
| Gross profit | 25,236 | 18.6% | S100Z359 |
| SG&A | 12,155 | 9.0% | S100Z359 |
| Operating income | 13,081 | 9.6% | S100Z359 |
| Ordinary income | 13,560 | 10.0% | S100Z359 |
| Pretax income | 14,317 | 10.6% | S100Z359 |
| Income tax | 4,093 | 3.0% | S100Z359 |
| Net income | 10,223 | 7.5% | S100Z359 |
| Net income attributable to owners | 10,223 | 7.5% | S100Z359 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 81 |
| SG&A | 9 |
| Operating income | 10 |
| (Ref.) Net income | 8 |

### Margin funnel

Gross margin 18.6% → Operating margin 9.6% → Net margin 7.5%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +5.1%; Core profit growth: -4.9%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -0.95×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Jun 2025 → FY ending Jun 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 129,017 | 135,613 | 6,596 | +5.1% |
| Gross profit | 25,206 | 25,236 | 30 | +0.1% |
| Operating income | 13,749 | 13,081 | -668 | -4.9% |
| Net income attributable to owners | 10,052 | 10,223 | 171 | +1.7% |
| Operating cash flow | 9,069 | 5,280 | -3,789 | -41.8% |
| Free cash flow | 2,090 | 832 | -1,258 | -60.2% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jun 2020 | 103,619 | 9,366 | 9.0% | 6,471 | 3,639 | -1,819 | S100MIEI |
| FY ending Jun 2021 | 103,965 | 12,700 | 12.2% | 8,826 | 14,319 | 9,802 | S100P7MP |
| FY ending Jun 2022 | 96,223 | 13,402 | 13.9% | 9,262 | 12,798 | 8,822 | S100RXNK |
| FY ending Jun 2023 | 97,842 | 8,039 | 8.2% | 5,928 | 4,854 | -1,185 | S100UFKR |
| FY ending Jun 2024 | 115,434 | 13,382 | 11.6% | 9,781 | 10,432 | 6,866 | S100WQN6 |
| FY ending Jun 2025 | 129,017 | 13,749 | 10.7% | 10,052 | 9,069 | 2,090 | S100Z359 |
| FY ending Jun 2026 | 135,613 | 13,081 | 9.6% | 10,223 | 5,280 | 832 | S100Z359 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥39.5M |
| Operating income per employee (consolidated) | ¥3.8M |
| Net income per employee (consolidated) | ¥3M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 3,152 | 3,185 | 3,248 | 3,340 | 3,437 |
| Average salary (parent company) | ¥6.1M | ¥6.2M | ¥6.4M | ¥6.6M | ¥6.8M |
| Average age (parent company) | 40.5 years | 40.5 years | 40.9 years | 41.2 years | 41.2 years |
| Average tenure (parent company) | 17.7 years | 17.7 years | 17.9 years | 18.1 years | 17.9 years |

Year over year: Employees (consolidated) +2.9% · Revenue (consolidated) +5.1%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| PACKAGING PLANTS DIV. | 84,041 | 62.0% | 13,239 | 15.8% |
| MECHATRONICS DIV. | 38,997 | 28.8% | 1,781 | 4.6% |
| AGRICULTURAL DIV. | 12,574 | 9.3% | 520 | 4.1% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| PACKAGING PLANTS DIV. | 62.0% | 85.2% | 23.2 | 15.8% |
| MECHATRONICS DIV. | 28.8% | 11.5% | -17.3 | 4.6% |
| AGRICULTURAL DIV. | 9.3% | 3.3% | -5.9 | 4.1% |

Segment → industry: MECHATRONICS DIV. → Medical Devices / MECHATRONICS DIV. → Semiconductor Equipment / PACKAGING PLANTS DIV. → Industrial Machinery / AGRICULTURAL DIV. → Construction & Farm Machinery

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 5,280 | 3.9% | S100Z359 |
| Capital expenditure | 4,448 | 3.3% | S100Z359 |
| Free cash flow | 832 | 0.6% | 算出 |
| Investing cash flow | -10,740 | -7.9% | S100Z359 |
| Financing cash flow | -3,605 | -2.7% | S100Z359 |
| Dividends paid | 2,695 | 2.0% | S100Z359 |
| Change in cash | -8,590 | -6.3% | S100Z359 |
| Cash and equivalents | 36,700 | 27.1% | S100Z359 |

## 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 Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 41,792 | 42,660 | 46,894 | 45,291 | 36,700 | S100UFKR, S100WQN6, S100Z359 |
| Total assets | 136,981 | 142,426 | 161,903 | 159,426 | 173,280 | S100RXNK, S100UFKR, S100WQN6, S100Z359 |
| Net assets | 85,425 | 90,180 | 101,029 | 107,930 | 119,091 | S100UFKR, S100WQN6, S100Z359 |
| Share capital | 11,392 | 11,392 | 11,392 | 11,392 | 11,392 | S100RXNK, S100UFKR, S100WQN6, S100Z359 |
| Property, plant and equipment | 37,148 | 39,010 | 39,843 | 43,810 | 48,418 | S100RXNK, S100UFKR, S100WQN6, S100Z359 |
| Intangible assets excluding goodwill | 449 | 473 | 551 | 538 | 496 | S100RXNK, S100UFKR, S100WQN6, S100Z359 |
| Goodwill | 0 | — | — | — | — | S100RXNK |
| Investment securities | 2,206 | 2,516 | 3,087 | 3,639 | 5,543 | S100RXNK, S100UFKR, S100WQN6, S100Z359 |
| Current assets | 92,731 | 95,806 | 112,668 | 105,574 | 111,218 | S100RXNK, S100UFKR, S100WQN6, S100Z359 |
| Current liabilities | 42,842 | 40,864 | 51,418 | 42,723 | 45,289 | S100RXNK, S100UFKR, S100WQN6, S100Z359 |
| Trade payables | 20,333 | 22,642 | 17,817 | 16,629 | 14,723 | S100RXNK, S100UFKR, S100WQN6, S100Z359 |
| Short-term borrowings | 900 | 1,099 | 907 | 907 | 863 | S100RXNK, S100UFKR, S100WQN6, S100Z359 |
| Long-term borrowings | 1,632 | 4,604 | 3,696 | 2,789 | 1,925 | S100RXNK, S100UFKR, S100WQN6, S100Z359 |
| Total liabilities | 51,555 | 52,246 | 60,873 | 51,496 | 54,188 | S100RXNK, S100UFKR, S100WQN6, S100Z359 |
| Non-controlling interests | 6 | 6 | 7 | 8 | 8 | S100RXNK, S100UFKR, S100WQN6, S100Z359 |
| Equity attributable to owners of parent | 84,762 | 88,753 | 96,597 | 103,743 | 111,268 | S100RXNK, S100UFKR, S100WQN6, S100Z359 |
| Retained earnings | 63,459 | 67,451 | 75,296 | 82,443 | 89,969 | S100RXNK, S100UFKR, S100WQN6, S100Z359 |
| Treasury stock | -440 | -440 | -441 | -442 | -442 | S100RXNK, S100UFKR, S100WQN6, S100Z359 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 21% | S100Z359 |
| Property, plant and equipment | 28% | S100Z359 |
| Intangibles and goodwill | 0% | S100Z359 |
| Investment securities | 3% | S100Z359 |
| Other assets | 48% | S100Z359 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 8% | S100Z359 |
| Other liabilities | 23% | S100Z359 |
| Equity | 69% | S100Z359 |
| Other liabilities | 0% | S100Z359 |

### Balance sheet history

| Metric | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 136,981 | 142,426 | 161,903 | 159,426 | 173,280 |
| Equity | 85,425 | 90,180 | 101,029 | 107,930 | 119,091 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 41,792 | 42,660 | 46,894 | 45,291 | 36,700 |

## 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) | 35.7% | S100Z359 |
| Fixed assets ÷ total assets | 27.9% | S100Z359 |
| Goodwill ÷ parent equity | — | —, S100Z359 |

### 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) | 21.2% |
| Cash ÷ revenue | 27.1% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 40.4% |
| Cash vs. profit gap | -4,943 JPY mn (of net income -48.4%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 26.4% |
| Shareholder payments — dividends / FCF | 323.9% |
| CapEx intensity (capex ÷ revenue) | 3.3% |
| Investing CF relative to operating CF | 203.4% |

## 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 | 9.6% | 0.70× | 6.8% | 1.62× | 10.9% | S100RXNK |
| 2023 | 6.1% | 0.70× | 4.2% | 1.61× | 6.8% | S100UFKR |
| 2024 | 8.5% | 0.76× | 6.4% | 1.64× | 10.6% | S100WQN6 |
| 2025 | 7.8% | 0.80× | 6.3% | 1.60× | 10.0% | S100Z359 |
| 2026 | 7.5% | 0.82× | 6.1% | 1.55× | 9.5% | S100Z359 |

## 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 | 10.9% | 2026-06-30 |
| 公益財団法人澁谷学術文化スポーツ振興財団 | Major shareholder | 8.4% | 2026-06-30 |
| 明治安田生命保険相互会社 | Major shareholder | 6.2% | 2026-06-30 |
| 第一生命保険株式会社 | Major shareholder | 5.8% | 2026-06-30 |
| 澁谷工業取引先持株会 | Major shareholder | 4.8% | 2026-06-30 |
| 株式会社北國銀行 | Major shareholder | 4.8% | 2026-06-30 |
| 日本生命保険相互会社 | Major shareholder | 4.6% | 2026-06-30 |
| 住友生命保険相互会社 | Major shareholder | 4.0% | 2026-06-30 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 3.7% | 2026-06-30 |
| 農林中央金庫 | Major shareholder | 3.6% | 2026-06-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第78期(2025/07/01－2026/06/30) | S100Z359 | 2026-09-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z359,, |
| 有価証券報告書－第77期(2024/07/01－2025/06/30) | S100WQN6 | 2025-09-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WQN6,, |
| 有価証券報告書－第76期(2023/07/01－2024/06/30) | S100UFKR | 2024-09-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UFKR,, |
| 有価証券報告書－第75期(2022/07/01－2023/06/30) | S100RXNK | 2023-09-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RXNK,, |
| 有価証券報告書－第74期(令和3年7月1日－令和4年6月30日) | S100P7MP | 2022-09-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100P7MP,, |
| 有価証券報告書－第73期(令和2年7月1日－令和3年6月30日) | S100MIEI | 2021-09-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MIEI,, |

## 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).