# Sokensha 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59期(2025/04/01－2026/03/31) (S100YKKP)
> Page: https://vizora.meequs.com/en/company/sokensha
> Retrieved: 2026-09-30T21:02:05.336Z

## Company

Sokensha, founded in 1950, is a company in Processed Foods listed on TSE Standard. It has 38 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Sokensha Co.,Ltd. |
| Ticker | 7413 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7413.T) |
| Listing | TSE Standard |
| Head office | 横浜市神奈川区片倉二丁目37番11号 |
| Representative (per filing) | 代表取締役社長 中村靖 |
| Founded | Jun 1950 |
| Share capital | ¥920.5M |
| Employees (consolidated) | 38 |
| Average salary (parent only) | ¥6.2M |
| Fiscal year end | March |
| Website | www.sokensha.co.jp (https://www.sokensha.co.jp/) |
| Corporate number | 1020001023559 |
| EDINET | E02791 |
| Industries (Vizora) | Processed Foods |

> Profile source: annual securities report (S100YKKP, filed 2026-06-26). As of filing

## Five-axis industry profile

Primary industry: Processed Foods (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 22.3 | 56 |
| Profitability | 7.5 | 60 |
| Cash conversion | 9.6 | 57 |
| Efficiency | 85.8 | 60 |

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)

- Sokensha brought in ¥4.75B in revenue.
- Operating profit was close to zero, a slight profit per ¥100 of sales.
- Revenue changed -4.0% from the prior year, operating profit -68.0%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥4.75B |  |
| Operating income | ¥21.1M | Margin 0.4% |
| Net income | ¥17M | Margin 0.4% |
| Free cash flow | -¥27.3M |  |
| Employees (consolidated) | 38 |  |
| EPS | ¥28.77 |  |
| Book value per share | ¥1698.17 |  |
| Equity ratio | 38.9% |  |
| Shares outstanding | 705,500 |  |
| Treasury shares | 5,800 |  |
| Shareholders | 1,483 |  |
| Average salary (parent only) | ¥6.2M | Filing company only |
| Cash ratio | 36.3% | Cash ÷ revenue 23.3% |
| Vs. industry median margin | -3.6 pp | Processed Foods |
| ROE | 1.5% | Derived from disclosed figures |
| ROA | 0.6% | Derived from disclosed figures |

## Notable figures

- FY2026, cash is 36% of total assets

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥4699555000 | ¥4751616000 | +1.1% |
| Operating income | ¥48503000 | ¥21076000 | -56.5% |
| Operating margin | 1.0% | 0.4% | -0.6 pp |
| Employees | 45 people | 38 people | -15.6% |
| Cash and equivalents | ¥1182137000 | ¥1107635000 | -6.3% |

### 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.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 4,752 | 100.0% | S100YKKP |
| Cost of revenue | 3,552 | 74.7% | S100YKKP |
| Gross profit | 1,200 | 25.3% | S100YKKP |
| SG&A | 1,179 | 24.8% | S100YKKP |
| Operating income | 21 | 0.4% | S100YKKP |
| Ordinary income | 22 | 0.5% | S100YKKP |
| Pretax income | 38 | 0.8% | S100YKKP |
| Income tax | 21 | 0.4% | S100YKKP |
| Net income | 17 | 0.4% | S100YKKP |
| Net income attributable to owners | 17 | 0.4% | S100YKKP |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 75 |
| SG&A | 25 |
| Operating income | 0 |
| (Ref.) Net income | 0 |

### Margin funnel

Gross margin 25.3% → Operating margin 0.4% → Net margin 0.4%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit down
Revenue growth: -4.0%; Core profit growth: -68.0%
Operating leverage (core profit growth ÷ revenue growth): 16.92×
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 | 4,951 | 4,752 | -199 | -4.0% |
| Gross profit | 1,245 | 1,200 | -45 | -3.6% |
| Operating income | 66 | 21 | -45 | -68.0% |
| Net income attributable to owners | 48 | 17 | -31 | -64.2% |
| Operating cash flow | -38 | -5 | 33 | — |
| Free cash flow | -50 | -27 | 23 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 4,516 | 16 | 0.4% | 15 | -17 | -51 | S100LRFW |
| FY ending Mar 2021 | 4,700 | 49 | 1.0% | 48 | 153 | 134 | S100OGEM |
| FY ending Mar 2022 | 4,633 | 26 | 0.6% | 31 | 51 | 29 | S100R40S |
| FY ending Mar 2023 | 4,846 | 26 | 0.5% | 16 | -69 | -92 | S100TRF1 |
| FY ending Mar 2024 | 4,884 | 24 | 0.5% | 8 | 154 | 113 | S100W5B9 |
| FY ending Mar 2025 | 4,951 | 66 | 1.3% | 48 | -38 | -50 | S100YKKP |
| FY ending Mar 2026 | 4,752 | 21 | 0.4% | 17 | -5 | -27 | S100YKKP |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥125M |
| Operating income per employee (consolidated) | ¥554.6K |
| Net income per employee (consolidated) | ¥447.4K |

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) | 43 | 42 | 41 | 40 | 38 |
| Average salary (parent company) | ¥6M | ¥6.1M | ¥6.3M | ¥6.2M | ¥6.2M |
| Average age (parent company) | 46.9 years | 46.9 years | 45.5 years | 46.1 years | 42.8 years |
| Average tenure (parent company) | 20.4 years | 20.0 years | 18.8 years | 19.8 years | 16.0 years |

Year over year: Employees (consolidated) -5.0% · Revenue (consolidated) -4.0%

## 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 | -5 | -0.1% | S100YKKP |
| Capital expenditure | 23 | 0.5% | S100YKKP |
| Free cash flow | -27 | -0.6% | 算出 |
| Investing cash flow | -11 | -0.2% | S100YKKP |
| Financing cash flow | 112 | 2.4% | S100YKKP |
| Dividends paid | 14 | 0.3% | S100YKKP |
| Share buyback | 0 | 0.0% | S100YKKP |
| Change in cash | 96 | 2.0% | S100YKKP |
| Cash and equivalents | 1,108 | 23.3% | S100YKKP |

## 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 | 1,132 | 1,044 | 1,068 | 1,011 | 1,108 | S100TRF1, S100W5B9, S100YKKP |
| Total assets | 2,850 | 2,904 | 3,023 | 2,944 | 3,048 | S100R40S, S100TRF1, S100W5B9, S100YKKP |
| Net assets | 1,079 | 1,090 | 1,112 | 1,161 | 1,185 | S100TRF1, S100W5B9, S100YKKP |
| Share capital | 920 | 920 | 920 | 920 | 920 | S100R40S, S100TRF1, S100W5B9, S100YKKP |
| Property, plant and equipment | 191 | 185 | 203 | 208 | 195 | S100R40S, S100TRF1, S100W5B9, S100YKKP |
| Intangible assets excluding goodwill | 13 | 24 | 23 | 18 | 14 | S100R40S, S100TRF1, S100W5B9, S100YKKP |
| Investment securities | 61 | 63 | 103 | 126 | 154 | S100R40S, S100TRF1, S100W5B9, S100YKKP |
| Current assets | 2,312 | 2,341 | 2,408 | 2,298 | 2,390 | S100R40S, S100TRF1, S100W5B9, S100YKKP |
| Current liabilities | 1,090 | 1,145 | 1,284 | 1,079 | 1,191 | S100R40S, S100TRF1, S100W5B9, S100YKKP |
| Trade payables | 461 | 456 | 611 | 412 | 421 | S100R40S, S100TRF1, S100W5B9, S100YKKP |
| Short-term borrowings | 486 | 528 | 522 | 489 | 638 | S100R40S, S100TRF1, S100W5B9, S100YKKP |
| Long-term borrowings | 325 | 320 | 276 | 322 | 306 | S100R40S, S100TRF1, S100W5B9, S100YKKP |
| Total liabilities | 1,772 | 1,814 | 1,911 | 1,783 | 1,862 | S100R40S, S100TRF1, S100W5B9, S100YKKP |
| Equity attributable to owners of parent | 1,072 | 1,082 | 1,083 | 1,116 | 1,119 | S100R40S, S100TRF1, S100W5B9, S100YKKP |
| Retained earnings | 117 | 126 | 127 | 161 | 164 | S100R40S, S100TRF1, S100W5B9, S100YKKP |
| Treasury stock | -11 | -11 | -11 | -11 | -11 | S100R40S, S100TRF1, S100W5B9, S100YKKP |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 36% | S100YKKP |
| Property, plant and equipment | 6% | S100YKKP |
| Intangibles and goodwill | 1% | S100YKKP |
| Investment securities | 5% | S100YKKP |
| Other assets | 52% | S100YKKP |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 14% | S100YKKP |
| Other liabilities | 47% | S100YKKP |
| Equity | 39% | S100YKKP |

### 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 | 2,850 | 2,904 | 3,023 | 2,944 | 3,048 |
| Equity | 1,079 | 1,090 | 1,112 | 1,161 | 1,185 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 1,132 | 1,044 | 1,068 | 1,011 | 1,108 |

## 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) | 4.1% | S100YKKP |
| Fixed assets ÷ total assets | 6.4% | S100YKKP |
| Goodwill ÷ parent equity | — | —, S100YKKP |

### 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) | 36.3% |
| Cash ÷ revenue | 23.3% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | -22.4% |
| Cash vs. profit gap | -22 JPY mn (of net income -127.7%) |
| Shareholder returns / net income | 83.1% |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 81.8% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 0.5% |
| 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 | 0.7% | 1.63× | 1.1% | 2.66× | 2.9% | S100R40S |
| 2023 | 0.3% | 1.68× | 0.6% | 2.67× | 1.5% | S100TRF1 |
| 2024 | 0.2% | 1.65× | 0.3% | 2.74× | 0.7% | S100W5B9 |
| 2025 | 1.0% | 1.66× | 1.6% | 2.71× | 4.3% | S100YKKP |
| 2026 | 0.4% | 1.59× | 0.6% | 2.68× | 1.5% | S100YKKP |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 中村 靖 | Major shareholder | 23.2% | 2026-03-31 |
| 創健会(取引先持株会) | Major shareholder | 8.2% | 2026-03-31 |
| 太田油脂株式会社 | Major shareholder | 7.9% | 2026-03-31 |
| 有限会社タカ・エンタープライズ | Major shareholder | 2.8% | 2026-03-31 |
| 原田 こずえ | Major shareholder | 2.5% | 2026-03-31 |
| 牧野 弘和 | Major shareholder | 2.0% | 2026-03-31 |
| 月島食品工業株式会社 | Major shareholder | 1.8% | 2026-03-31 |
| 創健社従業員持株会 | Major shareholder | 1.6% | 2026-03-31 |
| 中島 和信 | Major shareholder | 0.9% | 2026-03-31 |
| 豊証券株式会社 | Major shareholder | 0.6% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第59期(2025/04/01－2026/03/31) | S100YKKP | 2026-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YKKP,, |
| 有価証券報告書－第58期(2024/04/01－2025/03/31) | S100W5B9 | 2025-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W5B9,, |
| 有価証券報告書－第57期(2023/04/01－2024/03/31) | S100TRF1 | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TRF1,, |
| 有価証券報告書－第56期(2022/04/01－2023/03/31) | S100R40S | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R40S,, |
| 有価証券報告書－第55期(令和3年4月1日－令和4年3月31日) | S100OGEM | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OGEM,, |
| 有価証券報告書－第54期(令和2年4月1日－令和3年3月31日) | S100LRFW | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LRFW,, |

## 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).