# SHINTO COMPANY LIMITED: business model and financials

> Latest period: FY ending Jun 2026, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第63期(2025/07/01－2026/06/30) (S100Z3I1)
> Page: https://vizora.meequs.com/en/company/shinto
> Retrieved: 2026-09-30T18:28:23.913Z

## Company

Shinto, founded in 1963, is a company in Real Estate Development & Leasing listed on TSE Standard. It has 65 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | SHINTO COMPANY LIMITED |
| Ticker | 5380 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/5380.T) |
| Listing | TSE Standard |
| Head office | 愛知県高浜市論地町四丁目7番地2 |
| Representative (per filing) | 代表取締役社長 石川 達也 |
| Founded | Sep 1963 |
| Share capital | ¥412.9M |
| Employees (consolidated) | 65 |
| Average salary (parent only) | ¥4.8M |
| Fiscal year end | June |
| Website | www.shintokawara.co.jp (https://www.shintokawara.co.jp/) |
| Corporate number | 9180301015778 |
| EDINET | E01219 |
| Industries (Vizora) | Real Estate Development & Leasing, Housing Equipment & Building Materials |

> Profile source: annual securities report (S100Z3I1, filed 2026-09-25). As of filing

## Five-axis industry profile

Primary industry: Housing Equipment & Building Materials (2026-06-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 4.5 | 56 |
| Profitability | 6 | 58 |
| Efficiency | 26.7 | 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 99% of Shinto's sales come from Manufactur and sale of roofing tiles, with Real estate leasing making up much of the rest.
- It lost about ¥2 for every ¥100 of sales at the operating level.
- Revenue changed -7.9% from the prior year, operating profit -196.7%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥4.26B |  |
| Operating income | -¥101.6M | Margin -2.4% |
| Net income | -¥115.7M | Margin -2.7% |
| Free cash flow | ¥295.1M |  |
| Largest business | Manufactur and sale of roofing tiles | of segment revenue 99.2% |
| Employees (consolidated) | 65 |  |
| EPS | ¥-163.52 |  |
| Book value per share | ¥4465.64 |  |
| Equity ratio | 54.8% |  |
| Shares outstanding | 831,682 |  |
| Treasury shares | 124,100 |  |
| Shareholders | 463 |  |
| Average salary (parent only) | ¥4.8M | Filing company only |
| Cash ratio | 1.3% | Cash ÷ revenue 1.8% |
| Vs. industry median margin | -6.8 pp | Housing Equipment & Building Materials |
| ROA | -1.9% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 100% of positive segment profit
- FY2026, segment profit share differs by 99 points
- FY2026, cash is 1% of total assets

## What changed in 5 years

| Metric | FY ending Jun 2021 | FY ending Jun 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥5013103000 | ¥4261802000 | -15.0% |
| Operating income | ¥19457000 | ¥-101561000 | -622.0% |
| Operating margin | 0.4% | -2.4% | -2.8 pp |
| Employees | 109 people | 65 people | -40.4% |
| Cash and equivalents | ¥104918000 | ¥77268000 | -26.4% |

### 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 |
| --- | ---: |
| 新設・再編 → 瓦製造販売事業 | 99.2% |
| 新設・再編 → 不動産賃貸事業 | 0.8% |

Segment revenue source references: 2 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 4,262 | 100.0% | S100Z3I1 |
| Cost of revenue | 3,586 | 84.1% | S100Z3I1 |
| Gross profit | 676 | 15.9% | S100Z3I1 |
| SG&A | 777 | 18.2% | S100Z3I1 |
| Operating income | -102 | -2.4% | S100Z3I1 |
| Ordinary income | -99 | -2.3% | S100Z3I1 |
| Pretax income | -114 | -2.7% | S100Z3I1 |
| Income tax | 2 | 0.0% | S100Z3I1 |
| Net income | -116 | -2.7% | S100Z3I1 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 84 |
| SG&A | 18 |
| Operating income | -2 |
| (Ref.) Net income | -3 |

### Margin funnel

Gross margin 15.9% → Operating margin -2.4% → Net margin -2.7%
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 Jun 2025 → FY ending Jun 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 4,627 | 4,262 | -365 | -7.9% |
| Gross profit | 904 | 676 | -228 | -25.2% |
| Operating income | 105 | -102 | -207 | -196.7% |
| Operating cash flow | -128 | 479 | 607 | — |
| Free cash flow | -173 | 295 | 468 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jun 2020 | 5,495 | 32 | 0.6% | 22 | 110 | 78 | S100MH92 |
| FY ending Jun 2021 | 5,013 | 19 | 0.4% | 1 | 374 | 307 | S100P88H |
| FY ending Jun 2022 | 5,420 | -2 | -0.0% | -2 | -412 | -462 | S100RX24 |
| FY ending Jun 2023 | 5,043 | 19 | 0.4% | 24 | 469 | 409 | S100UDPV |
| FY ending Jun 2024 | 4,545 | -64 | -1.4% | -66 | 178 | 145 | S100WPZQ |
| FY ending Jun 2025 | 4,627 | 105 | 2.3% | 70 | -128 | -173 | S100Z3I1 |
| FY ending Jun 2026 | 4,262 | -102 | -2.4% | -116 | 479 | 295 | S100Z3I1 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥65.6M |
| Operating income per employee (consolidated) | -¥1.6M |
| Net income per employee (consolidated) | -¥1.8M |

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) | 95 | 89 | 82 | 72 | 65 |
| Average salary (parent company) | ¥4.3M | ¥4.4M | ¥4.6M | ¥4.7M | ¥4.8M |
| Average age (parent company) | 45.0 years | 46.0 years | 46.0 years | 47.0 years | 48.0 years |
| Average tenure (parent company) | 14.0 years | 15.0 years | 16.0 years | 17.0 years | 18.0 years |

Year over year: Employees (consolidated) -9.7% · Revenue (consolidated) -7.9%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Manufactur and sale of roofing tiles | 4,229 | 99.2% | -120 | -2.8% |
| Real estate leasing | 32 | 0.8% | 19 | 58.0% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Manufactur and sale of roofing tiles | 99.2% | — | — | -2.8% |
| Real estate leasing | 0.8% | 100.0% | 99.2 | 58.0% |

Loss-making segment (excluded from profit shares): Manufactur and sale of roofing tiles -120 JPY mn

Segment → industry: Real estate leasing → Real Estate Development & Leasing / Manufactur and sale of roofing tiles → Housing Equipment & Building Materials

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 479 | 11.2% | S100Z3I1 |
| Capital expenditure | 184 | 4.3% | S100Z3I1 |
| Free cash flow | 295 | 6.9% | 算出 |
| Investing cash flow | -199 | -4.7% | S100Z3I1 |
| Financing cash flow | -289 | -6.8% | S100Z3I1 |
| Dividends paid | 27 | 0.6% | S100Z3I1 |
| Share buyback | 0 | 0.0% | S100Z3I1 |
| Change in cash | -6 | -0.2% | S100Z3I1 |
| Cash and equivalents | 77 | 1.8% | S100Z3I1 |

## 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 | 108 | 62 | 106 | 84 | 77 | S100UDPV, S100WPZQ, S100Z3I1 |
| Total assets | 6,920 | 6,423 | 6,119 | 6,247 | 5,764 | S100RX24, S100UDPV, S100WPZQ, S100Z3I1 |
| Net assets | 3,301 | 3,313 | 3,235 | 3,270 | 3,160 | S100UDPV, S100WPZQ, S100Z3I1 |
| Share capital | 413 | 413 | 413 | 413 | 413 | S100RX24, S100UDPV, S100WPZQ, S100Z3I1 |
| Property, plant and equipment | 3,676 | 3,602 | 3,515 | 3,468 | 3,515 | S100RX24, S100UDPV, S100WPZQ, S100Z3I1 |
| Intangible assets excluding goodwill | 3 | 2 | 4 | 4 | 4 | S100RX24, S100UDPV, S100WPZQ, S100Z3I1 |
| Investment securities | 76 | 96 | 117 | 107 | 154 | S100RX24, S100UDPV, S100WPZQ, S100Z3I1 |
| Current assets | 3,125 | 2,686 | 2,437 | 2,622 | 2,050 | S100RX24, S100UDPV, S100WPZQ, S100Z3I1 |
| Current liabilities | 3,026 | 2,595 | 2,394 | 2,540 | 2,191 | S100RX24, S100UDPV, S100WPZQ, S100Z3I1 |
| Short-term borrowings | 1,720 | 1,460 | 1,560 | 1,760 | 1,630 | S100RX24, S100UDPV, S100WPZQ, S100Z3I1 |
| Long-term borrowings | 267 | 187 | 179 | 138 | 104 | S100RX24, S100UDPV, S100WPZQ, S100Z3I1 |
| Total liabilities | 3,619 | 3,109 | 2,884 | 2,977 | 2,604 | S100RX24, S100UDPV, S100WPZQ, S100Z3I1 |
| Equity attributable to owners of parent | 3,273 | 3,271 | 3,178 | 3,222 | 3,080 | S100RX24, S100UDPV, S100WPZQ, S100Z3I1 |
| Retained earnings | 2,637 | 2,635 | 2,542 | 2,586 | 2,444 | S100RX24, S100UDPV, S100WPZQ, S100Z3I1 |
| Treasury stock | -125 | -125 | -125 | -125 | -125 | S100RX24, S100UDPV, S100WPZQ, S100Z3I1 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 1% | S100Z3I1 |
| Property, plant and equipment | 61% | S100Z3I1 |
| Intangibles and goodwill | 0% | S100Z3I1 |
| Investment securities | 3% | S100Z3I1 |
| Other assets | 35% | S100Z3I1 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 45% | S100Z3I1 |
| Equity | 55% | S100Z3I1 |
| Other liabilities | 0% | S100Z3I1 |

### 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 | 6,920 | 6,423 | 6,119 | 6,247 | 5,764 |
| Equity | 3,301 | 3,313 | 3,235 | 3,270 | 3,160 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 108 | 62 | 106 | 84 | 77 |

## 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) | 82.5% | S100Z3I1 |
| Fixed assets ÷ total assets | 61.0% | S100Z3I1 |
| Goodwill ÷ parent equity | — | —, S100Z3I1 |

### 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) | 1.3% |
| Cash ÷ revenue | 1.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | 595 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | 9.1% |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | 9.1% |
| CapEx intensity (capex ÷ revenue) | 4.3% |
| Investing CF relative to operating CF | 41.4% |

## 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 | — | —× | -0.0% | —× | — | S100RX24 |
| 2023 | 0.5% | 0.76× | 0.4% | 2.04× | 0.7% | S100UDPV |
| 2024 | — | —× | -1.1% | —× | — | S100WPZQ |
| 2025 | 1.5% | 0.75× | 1.1% | 1.93× | 2.2% | S100Z3I1 |
| 2026 | — | —× | -1.9% | —× | — | S100Z3I1 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 新東役員持株会 | Major shareholder | 14.1% | 2026-06-30 |
| 有限会社マルイシ | Major shareholder | 5.5% | 2026-06-30 |
| 石川 大輔 | Major shareholder | 5.4% | 2026-06-30 |
| 石川 達也 | Major shareholder | 5.2% | 2026-06-30 |
| 岡崎信用金庫 | Major shareholder | 5.2% | 2026-06-30 |
| 三浦 重剛 | Major shareholder | 4.4% | 2026-06-30 |
| 株式会社あいち銀行 | Major shareholder | 4.1% | 2026-06-30 |
| 石岡 真千子 | Major shareholder | 3.8% | 2026-06-30 |
| 三菱ＵＦＪ信託銀行株式会社 （常任代理人 日本マスタートラスト信託銀行株式会社） | Major shareholder | 3.7% | 2026-06-30 |
| 石川 富子 | Major shareholder | 3.4% | 2026-06-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第63期(2025/07/01－2026/06/30) | S100Z3I1 | 2026-09-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z3I1,, |
| 有価証券報告書－第62期(2024/07/01－2025/06/30) | S100WPZQ | 2025-09-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WPZQ,, |
| 有価証券報告書－第61期(2023/07/01－2024/06/30) | S100UDPV | 2024-09-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UDPV,, |
| 有価証券報告書－第60期(2022/07/01－2023/06/30) | S100RX24 | 2023-09-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RX24,, |
| 有価証券報告書－第59期(令和3年7月1日－令和4年6月30日) | S100P88H | 2022-09-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100P88H,, |
| 有価証券報告書－第58期(令和2年7月1日－令和3年6月30日) | S100MH92 | 2021-09-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MH92,, |

## 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).