# SINFONIA TECHNOLOGY 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102期(2025/04/01－2026/03/31) (S100YI4V)
> Page: https://vizora.meequs.com/en/company/sinfonia-technology
> Retrieved: 2026-09-30T21:01:53.446Z

## Company

Sinfonia Technology, founded in 1949, is a company in Electrical Equipment listed on TSE Prime. It has 3,729 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | SINFONIA TECHNOLOGY CO.,LTD. |
| Ticker | 6507 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6507.T) |
| Listing | TSE Prime |
| Head office | 東京都港区芝大門1丁目1番30号 |
| Representative (per filing) | 代表取締役社長 山国稔 |
| Founded | Aug 1949 |
| Share capital | ¥10.2B |
| Employees (consolidated) | 3,729 |
| Average salary (parent only) | ¥7.5M |
| Fiscal year end | March |
| Website | www.sinfo-t.jp (https://www.sinfo-t.jp/) |
| Corporate number | 2010401054443 |
| EDINET | E01743 |
| Industries (Vizora) | Electrical Equipment, Semiconductor Equipment, Plant Engineering & Building Services, Industrial Machinery |

> Profile source: annual securities report (S100YI4V, filed 2026-06-25). As of filing

## Five-axis industry profile

Primary industry: Industrial Machinery (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 61.4 | 110 |
| Profitability | 84 | 122 |
| Cash conversion | 27.2 | 116 |
| Efficiency | 75.8 | 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 40% of Sinfonia Technology's sales come from Motion machine, with Clean Transport System and Power electronics machine making up much of the rest.
- Out of every ¥100 of sales, about ¥14 is left as operating profit.
- Revenue changed +7.6% from the prior year, operating profit +17.4%.

## Company structure

- Segment revenue mix: Motion machine 39.6%、Clean Transport System 21.9%、Power electronics machine 19.6%、Engineering and Service 19.0%
- Revenue → net income: ¥128197000000 → ¥14498000000
- Net income → operating cash flow: ¥14498000000 → ¥12909000000（difference ¥-1589000000）
- Main uses of operating cash flow: CapEx ¥7441000000 / dividends ¥3239000000 / buybacks —
- Change in cash: ¥931000000
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 | ¥128.2B |  |
| Operating income | ¥18.5B | Margin 14.4% |
| Net income | ¥14.5B | Margin 11.3% |
| Free cash flow | ¥5.47B |  |
| Largest business | Motion machine | of segment revenue 39.6% |
| Employees (consolidated) | 3,729 |  |
| EPS | ¥460.73 |  |
| Book value per share | ¥2759.5 |  |
| Equity ratio | 62.3% |  |
| Shares outstanding | 29,789,122 |  |
| Treasury shares | 1,413,700 |  |
| Shareholders | 6,922 |  |
| Average salary (parent only) | ¥7.5M | Filing company only |
| Cash ratio | 7.3% | Cash ÷ revenue 9.1% |
| Vs. industry median margin | +6.8 pp | Industrial Machinery |
| ROE | 20.7% | Derived from disclosed figures |
| ROA | 9.8% | Derived from disclosed figures |

## Notable figures

- FY2026, parent-company salary changed +21% over five years
- FY2026, employees 0% while operating income rose 17%

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥87312000000 | ¥128197000000 | +46.8% |
| Operating income | ¥4891000000 | ¥18464000000 | +277.5% |
| Operating margin | 5.6% | 14.4% | +8.8 pp |
| Employees | 3,659 people | 3,729 people | +1.9% |
| Cash and equivalents | ¥12358000000 | ¥11618000000 | -6.0% |

### 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 |
| --- | ---: |
| モーション機器 → モーション機器 | 34.7% |
| パワーエレクトロニクス機器 → パワーエレクトロニクス機器 | 19.6% |
| パワーエレクトロニクス機器 → 事業再編・廃止 | 23.8% |
| サポート＆エンジニアリング → 事業再編・廃止 | 21.9% |
| 新設・再編 → クリーン搬送システム | 21.9% |
| 新設・再編 → モーション機器 | 4.9% |
| 新設・再編 → エンジニアリング＆サービス | 19.0% |

Segment revenue source references: 7 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Motion machine | 5 years | +10.9% | ¥50731000000 | 13.5% | 2 |
| Clean Transport System | 4 years | +4.4% | ¥28029000000 | 17.1% | 2 |
| Power electronics machine | 5 years | -7.9% | ¥25090000000 | 13.1% | 2 |
| Engineering and Service | 4 years | +8.0% | ¥24346000000 | 15.2% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 128,197 | 100.0% | S100YI4V |
| Cost of revenue | 91,240 | 71.2% | S100YI4V |
| Gross profit | 36,956 | 28.8% | S100YI4V |
| SG&A | 18,492 | 14.4% | S100YI4V |
| Operating income | 18,464 | 14.4% | S100YI4V |
| Ordinary income | 18,793 | 14.7% | S100YI4V |
| Pretax income | 19,387 | 15.1% | S100YI4V |
| Income tax | 4,888 | 3.8% | S100YI4V |
| Net income | 14,498 | 11.3% | S100YI4V |
| Net income attributable to owners | 14,498 | 11.3% | S100YI4V |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 71 |
| SG&A | 15 |
| Operating income | 14 |
| (Ref.) Net income | 11 |

### Margin funnel

Gross margin 28.8% → Operating margin 14.4% → Net margin 11.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +7.6%; Core profit growth: +17.4%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.29×
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 | 119,150 | 128,197 | 9,047 | +7.6% |
| Gross profit | 31,855 | 36,956 | 5,101 | +16.0% |
| Operating income | 15,734 | 18,464 | 2,730 | +17.4% |
| Net income attributable to owners | 12,097 | 14,498 | 2,401 | +19.8% |
| Operating cash flow | 11,373 | 12,909 | 1,536 | +13.5% |
| Free cash flow | 8,082 | 5,468 | -2,614 | -32.3% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 89,757 | 3,068 | 3.4% | 1,688 | 7,112 | 3,793 | S100LSMT |
| FY ending Mar 2021 | 87,312 | 4,891 | 5.6% | 3,677 | 6,813 | 3,657 | S100OOSI |
| FY ending Mar 2022 | 94,585 | 7,514 | 7.9% | 5,593 | 2,951 | 1,345 | S100R9Q0 |
| FY ending Mar 2023 | 108,808 | 11,625 | 10.7% | 8,098 | 6,034 | 1,954 | S100TVF0 |
| FY ending Mar 2024 | 102,657 | 10,011 | 9.8% | 7,506 | 9,841 | 2,604 | S100W773 |
| FY ending Mar 2025 | 119,150 | 15,734 | 13.2% | 12,097 | 11,373 | 8,082 | S100YI4V |
| FY ending Mar 2026 | 128,197 | 18,464 | 14.4% | 14,498 | 12,909 | 5,468 | S100YI4V |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥34.4M |
| Operating income per employee (consolidated) | ¥5M |
| Net income per employee (consolidated) | ¥3.9M |

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) | 3,678 | 3,680 | 3,683 | 3,744 | 3,729 |
| Average salary (parent company) | ¥6.2M | ¥6.5M | ¥6.7M | ¥6.9M | ¥7.5M |
| Average age (parent company) | 39.6 years | 39.9 years | 39.8 years | 39.7 years | 39.5 years |
| Average tenure (parent company) | 16.1 years | 16.5 years | 16.3 years | 16.3 years | 16.1 years |

Year over year: Employees (consolidated) -0.4% · Revenue (consolidated) +7.6%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Clean Transport System | 28,029 | 21.9% | 4,797 | 17.1% |
| Motion machine | 50,731 | 39.6% | 6,864 | 13.5% |
| Power electronics machine | 25,090 | 19.6% | 3,280 | 13.1% |
| Engineering and Service | 24,346 | 19.0% | 3,697 | 15.2% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Clean Transport System | 21.9% | 25.7% | 3.9 | 17.1% |
| Motion machine | 39.6% | 36.8% | -2.7 | 13.5% |
| Power electronics machine | 19.6% | 17.6% | -2.0 | 13.1% |
| Engineering and Service | 19.0% | 19.8% | 0.8 | 15.2% |

Segment → industry: Power electronics machine → Electrical Equipment / Clean Transport System → Semiconductor Equipment / Engineering and Service → Plant Engineering & Building Services / Motion machine → 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 | 12,909 | 10.1% | S100YI4V |
| Capital expenditure | 7,441 | 5.8% | S100YI4V |
| Free cash flow | 5,468 | 4.3% | 算出 |
| Investing cash flow | -6,466 | -5.0% | S100YI4V |
| Financing cash flow | -5,651 | -4.4% | S100YI4V |
| Dividends paid | 3,239 | 2.5% | S100YI4V |
| Change in cash | 931 | 0.7% | S100YI4V |
| Cash and equivalents | 11,618 | 9.1% | S100YI4V |

## 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 | 8,733 | 9,493 | 9,572 | 10,221 | 11,618 | S100TVF0, S100W773, S100YI4V |
| Total assets | 116,801 | 127,321 | 137,062 | 136,467 | 158,740 | S100R9Q0, S100TVF0, S100W773, S100YI4V |
| Net assets | 54,090 | 62,608 | 74,451 | 80,129 | 98,906 | S100TVF0, S100W773, S100YI4V |
| Share capital | 10,156 | 10,156 | 10,156 | 10,156 | 10,156 | S100R9Q0, S100TVF0, S100W773, S100YI4V |
| Property, plant and equipment | 30,356 | 32,834 | 35,928 | 37,079 | 43,639 | S100R9Q0, S100TVF0, S100W773, S100YI4V |
| Intangible assets excluding goodwill | 2,015 | 1,366 | 999 | 945 | 834 | S100R9Q0, S100TVF0, S100W773, S100YI4V |
| Investment securities | 11,015 | 12,039 | 18,606 | 14,086 | 18,831 | S100R9Q0, S100TVF0, S100W773, S100YI4V |
| Current assets | 67,803 | 74,297 | 72,737 | 77,049 | 82,700 | S100R9Q0, S100TVF0, S100W773, S100YI4V |
| Current liabilities | 45,261 | 46,093 | 41,208 | 38,296 | 41,799 | S100R9Q0, S100TVF0, S100W773, S100YI4V |
| Trade payables | 14,151 | 12,270 | 18,154 | 16,302 | 16,325 | S100R9Q0, S100TVF0, S100W773, S100YI4V |
| Short-term borrowings | 7,170 | 7,360 | 6,070 | 770 | 370 | S100R9Q0, S100TVF0, S100W773, S100YI4V |
| Long-term borrowings | 11,278 | 11,617 | 12,528 | 10,869 | 8,813 | S100R9Q0, S100TVF0, S100W773, S100YI4V |
| Total liabilities | 62,710 | 64,713 | 62,611 | 56,337 | 59,833 | S100R9Q0, S100TVF0, S100W773, S100YI4V |
| Equity attributable to owners of parent | 42,209 | 48,896 | 54,274 | 64,403 | 75,565 | S100R9Q0, S100TVF0, S100W773, S100YI4V |
| Retained earnings | 33,562 | 40,242 | 45,622 | 55,733 | 66,897 | S100R9Q0, S100TVF0, S100W773, S100YI4V |
| Treasury stock | -1,963 | -1,955 | -1,957 | -1,940 | -2,082 | S100R9Q0, S100TVF0, S100W773, S100YI4V |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 7% | S100YI4V |
| Property, plant and equipment | 27% | S100YI4V |
| Intangibles and goodwill | 1% | S100YI4V |
| Investment securities | 12% | S100YI4V |
| Other assets | 53% | S100YI4V |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 10% | S100YI4V |
| Other liabilities | 28% | S100YI4V |
| Equity | 62% | S100YI4V |
| Other liabilities | 0% | S100YI4V |

### 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 | 116,801 | 127,321 | 137,062 | 136,467 | 158,740 |
| Equity | 54,090 | 62,608 | 74,451 | 80,129 | 98,906 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 8,733 | 9,493 | 9,572 | 10,221 | 11,618 |

## 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) | 34.0% | S100YI4V |
| Fixed assets ÷ total assets | 27.5% | S100YI4V |
| Goodwill ÷ parent equity | — | —, S100YI4V |

### 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) | 7.3% |
| Cash ÷ revenue | 9.1% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 69.9% |
| Cash vs. profit gap | -1,589 JPY mn (of net income -11.0%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 22.3% |
| Shareholder payments — dividends / FCF | 59.2% |
| CapEx intensity (capex ÷ revenue) | 5.8% |
| Investing CF relative to operating CF | 50.1% |

## 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 | 5.9% | 0.81× | 4.8% | 2.77× | 13.3% | S100R9Q0 |
| 2023 | 7.4% | 0.89× | 6.6% | 2.68× | 17.8% | S100TVF0 |
| 2024 | 7.3% | 0.78× | 5.7% | 2.56× | 14.6% | S100W773 |
| 2025 | 10.2% | 0.87× | 8.8% | 2.30× | 20.4% | S100YI4V |
| 2026 | 11.3% | 0.87× | 9.8% | 2.11× | 20.7% | S100YI4V |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行㈱（信託口） | Major shareholder | 11.8% | 2026-03-31 |
| ㈱日本カストディ銀行（信託口） | Major shareholder | 6.7% | 2026-03-31 |
| 日本マスタートラスト信託銀行㈱（退職給付信託口・㈱神戸製鋼所口) | Major shareholder | 6.5% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505001 （常任代理人 ㈱みずほ銀行決済営業部） | Major shareholder | 5.1% | 2026-03-31 |
| ダイキン工業㈱ | Major shareholder | 3.6% | 2026-03-31 |
| シンフォニアテクノロジーグループ従業員持株会 | Major shareholder | 3.1% | 2026-03-31 |
| シンフォニアテクノロジー取引先持株会 | Major shareholder | 3.1% | 2026-03-31 |
| 大日本印刷㈱ | Major shareholder | 2.6% | 2026-03-31 |
| 前尾 吉信 | Major shareholder | 1.8% | 2026-03-31 |
| JPモルガン証券㈱ | Major shareholder | 1.7% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第102期(2025/04/01－2026/03/31) | S100YI4V | 2026-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YI4V,, |
| 有価証券報告書－第101期(2024/04/01－2025/03/31) | S100W773 | 2025-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W773,, |
| 有価証券報告書－第100期(2023/04/01－2024/03/31) | S100TVF0 | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TVF0,, |
| 有価証券報告書－第99期(2022/04/01－2023/03/31) | S100R9Q0 | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R9Q0,, |
| 訂正有価証券報告書－第98期(令和3年4月1日－令和4年3月31日) | S100OOSI | 2022-07-08 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OOSI,, |
| 有価証券報告書－第97期(令和2年4月1日－令和3年3月31日) | S100LSMT | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LSMT,, |

## 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).