# Sodick Co.,Ltd.: business model and financials

> Latest period: FY ending Dec 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第50期(2025/01/01－2025/12/31) (S100XUQM)
> Page: https://vizora.meequs.com/en/company/sodick
> Retrieved: 2026-09-30T20:18:06.600Z

## Company

Sodick, founded in 1976, is a company in Machine Tools listed on TSE Prime. It has 3,272 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Sodick Co., Ltd. |
| Ticker | 6143 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6143.T) |
| Listing | TSE Prime |
| Head office | 横浜市都筑区仲町台三丁目12番1号 |
| Representative (per filing) | 代表取締役 CEO 社長執行役員 圷 祐次 |
| Founded | Aug 1976 |
| Share capital | ¥24.6B |
| Employees (consolidated) | 3,272 |
| Average salary (parent only) | ¥6.2M |
| Fiscal year end | December |
| Website | www.sodick.co.jp (https://www.sodick.co.jp/) |
| Corporate number | 3020001020736 |
| EDINET | E01504 |
| Industries (Vizora) | Machine Tools, Industrial Machinery |

> Profile source: annual securities report (S100XUQM, filed 2026-03-27). As of filing

## Five-axis industry profile

Primary industry: Machine Tools (2025-12-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 54.4 | 34 |
| Profitability | 36.8 | 34 |
| Cash conversion | 72.6 | 31 |
| Efficiency | 33.8 | 34 |
| Financial strength | 50 | 3 |

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 72% of Sodick's sales come from Machine Tool Operations, with Industrial Machinery Operations and Food Processing Machinery Operations making up much of the rest.
- Out of every ¥100 of sales, about ¥5 is left as operating profit.
- Revenue changed +9.4% from the prior year, operating profit +89.3%.

## Company structure

- Segment revenue mix: Machine Tool Operations 72.4%、Industrial Machinery Operations 12.1%、Food Processing Machinery Operations 8.6%、Other 6.9%
- Revenue → net income: ¥80572000000 → ¥4507000000
- Net income → operating cash flow: ¥4507000000 → ¥7147000000（difference ¥2640000000）
- Main uses of operating cash flow: CapEx ¥2290000000 / dividends ¥1467000000 / buybacks —
- Change in cash: ¥2171000000
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 | ¥80.6B |  |
| Operating income | ¥4.22B | Margin 5.2% |
| Net income | ¥4.51B | Margin 5.6% |
| Free cash flow | ¥4.86B |  |
| Largest business | Machine Tool Operations | of segment revenue 72.4% |
| Employees (consolidated) | 3,272 |  |
| EPS | ¥81.9 |  |
| Diluted EPS | ¥76.53 |  |
| Book value per share | ¥997.27 |  |
| Equity ratio | 58.1% |  |
| Shares outstanding | 54,792,239 |  |
| Treasury shares | 4,144,500 |  |
| Shareholders | 12,828 |  |
| Average salary (parent only) | ¥6.2M | Filing company only |
| Cash ratio | 28.9% | Net cash ¥16B · Cash ÷ revenue 55.8% |
| Vs. industry median margin | -1.9 pp | Machine Tools |
| ROE | 6.7% | Derived from disclosed figures |
| ROA | 3.0% | Derived from disclosed figures |

## Notable figures

- FY2025, employees -4% while operating income rose 89%
- FY2025, one segment accounts for 74% of positive segment profit
- FY2025, cash is 29% of total assets

## What changed in 5 years

| Metric | FY ending Dec 2020 | FY ending Dec 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥58030000000 | ¥80572000000 | +38.8% |
| Operating income | ¥1852000000 | ¥4224000000 | +128.1% |
| Operating margin | 3.2% | 5.2% | +2.1 pp |
| Employees | 3,633 people | 3,272 people | -9.9% |
| Cash and equivalents | ¥38255000000 | ¥44983000000 | +17.6% |

### Change in segment revenue mix

Span: FY ending Dec 2020 → FY ending Dec 2025. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 工作機械 → 工作機械 | 65.5% |
| 産業機械 → 産業機械 | 12.1% |
| 産業機械 → 事業再編・廃止 | 6.8% |
| 食品機械 → 食品機械 | 6.2% |
| その他 → その他 | 6.9% |
| その他 → 事業再編・廃止 | 2.6% |
| 新設・再編 → 工作機械 | 6.9% |
| 新設・再編 → 食品機械 | 2.5% |

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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Machine Tool Operations | 5 years | +8.9% | ¥58332000000 | 9.4% | 2 |
| Industrial Machinery Operations | 5 years | -2.3% | ¥9730000000 | 5.3% | 2 |
| Food Processing Machinery Operations | 5 years | +14.2% | ¥6952000000 | 14.1% | 2 |
| Other | 5 years | +0.3% | ¥5557000000 | 7.7% | 2 |

## Income statement（FY ending Dec 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 80,572 | 100.0% | S100XUQM |
| Cost of revenue | 52,364 | 65.0% | S100XUQM |
| Gross profit | 28,207 | 35.0% | S100XUQM |
| SG&A | 23,982 | 29.8% | S100XUQM |
| Operating income | 4,224 | 5.2% | S100XUQM |
| Ordinary income | 5,231 | 6.5% | S100XUQM |
| Pretax income | 5,789 | 7.2% | S100XUQM |
| Income tax | 1,281 | 1.6% | S100XUQM |
| Net income | 4,507 | 5.6% | S100XUQM |
| Net income attributable to owners | 4,514 | 5.6% | S100XUQM |

## Per ¥100 of revenue（FY ending Dec 2025）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 65 |
| SG&A | 30 |
| Operating income | 5 |
| (Ref.) Net income | 6 |

### Margin funnel

Gross margin 35.0% → Operating margin 5.2% → Net margin 5.6%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +9.4%; Core profit growth: +89.3%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 9.53×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Dec 2024 → FY ending Dec 2025、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 73,668 | 80,572 | 6,904 | +9.4% |
| Gross profit | 24,068 | 28,207 | 4,139 | +17.2% |
| Operating income | 2,231 | 4,224 | 1,993 | +89.3% |
| Net income attributable to owners | 4,115 | 4,514 | 399 | +9.7% |
| Operating cash flow | 9,969 | 7,147 | -2,822 | -28.3% |
| Free cash flow | 6,843 | 4,857 | -1,986 | -29.0% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Dec 2019 | 67,591 | 3,422 | 5.1% | 2,002 | 8,336 | 2,334 | S100L2LH |
| FY ending Dec 2020 | 58,030 | 1,852 | 3.2% | 1,346 | 5,270 | 3,557 | S100NRWG |
| FY ending Dec 2021 | 75,174 | 6,813 | 9.1% | 6,591 | 7,642 | 5,191 | S100QHLL |
| FY ending Dec 2022 | 80,495 | 5,813 | 7.2% | 6,021 | 3,543 | -664 | S100TDNA |
| FY ending Dec 2023 | 67,174 | -2,819 | -4.2% | -4,604 | -14 | -5,339 | S100VI8D |
| FY ending Dec 2024 | 73,668 | 2,231 | 3.0% | 4,115 | 9,969 | 6,843 | S100XUQM |
| FY ending Dec 2025 | 80,572 | 4,224 | 5.2% | 4,514 | 7,147 | 4,857 | S100XUQM |

## People and productivity（FY ending Dec 2025, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥24.6M |
| Operating income per employee (consolidated) | ¥1.3M |
| Net income per employee (consolidated) | ¥1.4M |

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

| History | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 3,683 | 3,746 | 3,562 | 3,417 | 3,272 |
| Average salary (parent company) | ¥5.6M | ¥6M | ¥6.4M | ¥5.8M | ¥6.2M |
| Average age (parent company) | 41.5 years | 41.2 years | 41.1 years | 41.7 years | 42.3 years |
| Average tenure (parent company) | 14.1 years | 13.4 years | 13.1 years | 13.8 years | 14.4 years |

Year over year: Employees (consolidated) -4.2% · Revenue (consolidated) +9.4%

## Segments（FY ending Dec 2025, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Machine Tool Operations | 58,332 | 72.4% | 5,465 | 9.4% |
| Industrial Machinery Operations | 9,730 | 12.1% | 518 | 5.3% |
| Food Processing Machinery Operations | 6,952 | 8.6% | 981 | 14.1% |
| Other | 5,557 | 6.9% | 428 | 7.7% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Machine Tool Operations | 72.4% | 73.9% | 1.5 | 9.4% |
| Industrial Machinery Operations | 12.1% | 7.0% | -5.1 | 5.3% |
| Food Processing Machinery Operations | 8.6% | 13.3% | 4.6 | 14.1% |
| Other | 6.9% | 5.8% | -1.1 | 7.7% |

Segment → industry: Machine Tool Operations → Machine Tools / Food Processing Machinery Operations → Industrial Machinery / Industrial Machinery Operations → Industrial Machinery

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Dec 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 7,147 | 8.9% | S100XUQM |
| Capital expenditure | 2,290 | 2.8% | S100XUQM |
| Free cash flow | 4,857 | 6.0% | 算出 |
| Investing cash flow | -3,955 | -4.9% | S100XUQM |
| Financing cash flow | -2,484 | -3.1% | S100XUQM |
| Dividends paid | 1,467 | 1.8% | S100XUQM |
| Change in cash | 2,171 | 2.7% | S100XUQM |
| Cash and equivalents | 44,983 | 55.8% | S100XUQM |

## 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 Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 44,229 | 33,158 | 33,305 | 42,569 | 44,983 | S100TDNA, S100VI8D, S100XUQM |
| Total assets | 134,866 | 138,433 | 134,066 | 144,993 | 155,695 | S100QHLL, S100TDNA, S100VI8D, S100XUQM |
| Net assets | 74,438 | 80,993 | 77,129 | 84,427 | 90,592 | S100TDNA, S100VI8D, S100XUQM |
| Share capital | 24,618 | 24,618 | 24,618 | 24,618 | 24,618 | S100QHLL, S100TDNA, S100VI8D, S100XUQM |
| Trade receivables | 18,363 | — | — | — | — | S100QHLL |
| Property, plant and equipment | 30,217 | 31,562 | 32,944 | 32,238 | 32,195 | S100QHLL, S100TDNA, S100VI8D, S100XUQM |
| Intangible assets excluding goodwill | 2,273 | 2,622 | 2,654 | 2,220 | 5,478 | S100QHLL, S100TDNA, S100VI8D, S100XUQM |
| Goodwill | 1,240 | 1,150 | 799 | 714 | 3,506 | S100QHLL, S100TDNA, S100VI8D, S100XUQM |
| Investment securities | 3,537 | 4,597 | 5,480 | 6,657 | 6,339 | S100QHLL, S100TDNA, S100VI8D, S100XUQM |
| Current assets | 96,377 | 92,356 | 86,170 | 101,522 | 108,208 | S100QHLL, S100TDNA, S100VI8D, S100XUQM |
| Current liabilities | 33,705 | 34,679 | 30,808 | 34,440 | 37,746 | S100QHLL, S100TDNA, S100VI8D, S100XUQM |
| Trade payables | 6,423 | 5,312 | 4,185 | 5,574 | 6,821 | S100QHLL, S100TDNA, S100VI8D, S100XUQM |
| Short-term borrowings | 2,242 | 1,840 | 3,045 | 4,245 | 4,010 | S100QHLL, S100TDNA, S100VI8D, S100XUQM |
| Long-term borrowings | 24,251 | 20,761 | 23,829 | 23,963 | 16,921 | S100QHLL, S100TDNA, S100VI8D, S100XUQM |
| Bonds | 580 | 440 | 300 | 160 | 8,014 | S100QHLL, S100TDNA, S100VI8D, S100XUQM |
| Interest-bearing debt | 27,073 | 23,041 | 27,174 | 28,368 | 28,945 | 算出 |
| Total liabilities | 60,428 | 57,439 | 56,936 | 60,566 | 65,103 | S100QHLL, S100TDNA, S100VI8D, S100XUQM |
| Non-controlling interests | 52 | 59 | 53 | 50 | 71 | S100QHLL, S100TDNA, S100VI8D, S100XUQM |
| Equity attributable to owners of parent | 68,470 | 70,909 | 63,583 | 66,090 | 69,242 | S100QHLL, S100TDNA, S100VI8D, S100XUQM |
| Retained earnings | 37,229 | 40,312 | 32,257 | 34,888 | 37,981 | S100QHLL, S100TDNA, S100VI8D, S100XUQM |
| Treasury stock | -3,117 | -3,739 | -3,010 | -3,134 | -3,075 | S100QHLL, S100TDNA, S100VI8D, S100XUQM |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 29% | S100XUQM |
| Property, plant and equipment | 21% | S100XUQM |
| Intangibles and goodwill | 6% | S100XUQM |
| Investment securities | 4% | S100XUQM |
| Other assets | 40% | S100XUQM |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 4% | S100XUQM |
| Interest-bearing debt | 19% | 算出 |
| Other liabilities | 19% | S100XUQM |
| Equity | 58% | S100XUQM |

### Balance sheet history

| Metric | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 134,866 | 138,433 | 134,066 | 144,993 | 155,695 |
| Equity | 74,438 | 80,993 | 77,129 | 84,427 | 90,592 |
| Interest-bearing debt | 27,073 | 23,041 | 27,174 | 28,368 | 28,945 |
| Cash | 44,229 | 33,158 | 33,305 | 42,569 | 44,983 |

## 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) | 40.0% | S100XUQM |
| Fixed assets ÷ total assets | 20.7% | S100XUQM |
| Goodwill ÷ parent equity | 5.1% | S100XUQM |

Goodwill over 4 years: 1,240 → 3,506 JPY; total investing cash flow: -21,239 JPY. This does not imply causation.

### 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) | 28.9% |
| Cash ÷ revenue | 55.8% |
| Net cash (cash − interest-bearing debt) | ¥16B |
| Net debt ÷ operating cash flow | -2.24× |
| Cash conversion (operating CF ÷ operating income) | 169.2% |
| Cash vs. profit gap | 2,633 JPY mn (of net income 58.3%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 32.5% |
| Shareholder payments — dividends / FCF | 30.2% |
| CapEx intensity (capex ÷ revenue) | 2.8% |
| Investing CF relative to operating CF | 55.3% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2021 | 8.8% | 0.56× | 4.9% | 1.97× | 9.6% | S100QHLL |
| 2022 | 7.5% | 0.59× | 4.4% | 1.96× | 8.6% | S100TDNA |
| 2023 | — | —× | -3.4% | —× | — | S100VI8D |
| 2024 | 5.6% | 0.53× | 2.9% | 2.15× | 6.3% | S100XUQM |
| 2025 | 5.6% | 0.54× | 3.0% | 2.22× | 6.7% | S100XUQM |

## 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 | 13.6% | 2025-12-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 7.8% | 2025-12-31 |
| JPモルガン証券株式会社 | Major shareholder | 2.6% | 2025-12-31 |
| 森田 清 | Major shareholder | 2.4% | 2025-12-31 |
| ソディック共栄持株会 | Major shareholder | 2.1% | 2025-12-31 |
| ソディック従業員持株会 | Major shareholder | 1.9% | 2025-12-31 |
| 有限会社ティ・エフ | Major shareholder | 1.8% | 2025-12-31 |
| STATE STREET BANK AND TRUST COMPANY 505223（常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 1.7% | 2025-12-31 |
| 株式会社三井住友銀行 | Major shareholder | 1.7% | 2025-12-31 |
| 古川 健一 | Major shareholder | 1.7% | 2025-12-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第50期(2025/01/01－2025/12/31) | S100XUQM | 2026-03-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XUQM,, |
| 有価証券報告書－第49期(2024/01/01－2024/12/31) | S100VI8D | 2025-03-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VI8D,, |
| 訂正有価証券報告書－第48期(2023/01/01－2023/12/31) | S100TDNA | 2024-05-10 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TDNA,, |
| 有価証券報告書－第47期(2022/01/01－2022/12/31) | S100QHLL | 2023-03-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QHLL,, |
| 有価証券報告書－第46期(令和3年1月1日－令和3年12月31日) | S100NRWG | 2022-03-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100NRWG,, |
| 有価証券報告書－第45期(令和2年1月1日－令和2年12月31日) | S100L2LH | 2021-03-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100L2LH,, |

## 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).