# Suzumo Machinery 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66期(2025/04/01－2026/03/31) (S100YN3J)
> Page: https://vizora.meequs.com/en/company/suzumo-machinery
> Retrieved: 2026-09-30T22:48:12.823Z

## Company

Suzumo Machinery, founded in 1961, is a company in Industrial Machinery listed on TSE Standard. It has 526 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Suzumo Machinery Co., Ltd. |
| Ticker | 6405 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6405.T) |
| Listing | TSE Standard |
| Head office | 東京都練馬区豊玉北二丁目23番2号 |
| Representative (per filing) | 代表取締役 社長執行役員 谷口徹 |
| Founded | Jan 1961 |
| Share capital | ¥1.15B |
| Employees (consolidated) | 526 |
| Average salary (parent only) | ¥6.9M |
| Fiscal year end | March |
| Website | www.suzumo.co.jp (https://www.suzumo.co.jp/) |
| Corporate number | 3011601010978 |
| EDINET | E01724 |
| Industries (Vizora) | Industrial Machinery |

> Profile source: annual securities report (S100YN3J, filed 2026-06-29). As of filing

## Five-axis industry profile

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

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 82.3 | 110 |
| Profitability | 39.8 | 122 |
| Cash conversion | 16.8 | 116 |
| Efficiency | 70.9 | 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)

- Suzumo Machinery brought in ¥15.9B in revenue.
- Out of every ¥100 of sales, about ¥6 is left as operating profit.
- Revenue changed +1.9% from the prior year, operating profit -46.6%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥15864553000 → ¥602105000
- Net income → operating cash flow: ¥602105000 → ¥433831000（difference ¥-168274000）
- Main uses of operating cash flow: CapEx ¥1936183000 / dividends ¥416692000 / buybacks ¥3228363000
- Change in cash: ¥-2636398000
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 | ¥15.9B |  |
| Operating income | ¥1.01B | Margin 6.4% |
| Net income | ¥603M | Margin 3.8% |
| Free cash flow | -¥1.5B |  |
| Employees (consolidated) | 526 |  |
| EPS | ¥72.73 |  |
| Book value per share | ¥1021.21 |  |
| Equity ratio | 67.6% |  |
| Shares outstanding | 12,960,000 |  |
| Treasury shares | 1,570,400 |  |
| Shareholders | 8,469 |  |
| Average salary (parent only) | ¥6.9M | Filing company only |
| Cash ratio | 15.5% | Cash ÷ revenue 18.7% |
| Vs. industry median margin | -1.2 pp | Industrial Machinery |
| ROE | 4.3% | Derived from disclosed figures |
| ROA | 3.1% | Derived from disclosed figures |

## Notable figures

- FY2026, buybacks were 7.7× dividends

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥9486060000 | ¥15864553000 | +67.2% |
| Operating income | ¥919177000 | ¥1009448000 | +9.8% |
| Operating margin | 9.7% | 6.4% | -3.3 pp |
| Employees | 401 people | 526 people | +31.2% |
| Cash and equivalents | ¥7342853000 | ¥2960711000 | -59.7% |

### 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 | 15,865 | 100.0% | S100YN3J |
| Cost of revenue | 8,274 | 52.2% | S100YN3J |
| Gross profit | 7,591 | 47.8% | S100YN3J |
| SG&A | 6,581 | 41.5% | S100YN3J |
| Operating income | 1,009 | 6.4% | S100YN3J |
| Ordinary income | 1,044 | 6.6% | S100YN3J |
| Pretax income | 1,036 | 6.5% | S100YN3J |
| Income tax | 433 | 2.7% | S100YN3J |
| Net income | 602 | 3.8% | S100YN3J |
| Net income attributable to owners | 603 | 3.8% | S100YN3J |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 52 |
| SG&A | 42 |
| Operating income | 6 |
| (Ref.) Net income | 4 |

### Margin funnel

Gross margin 47.8% → Operating margin 6.4% → Net margin 3.8%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +1.9%; Core profit growth: -46.6%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -24.47×
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 | 15,568 | 15,865 | 296 | +1.9% |
| Gross profit | 7,864 | 7,591 | -274 | -3.5% |
| Operating income | 1,890 | 1,009 | -881 | -46.6% |
| Net income attributable to owners | 1,463 | 603 | -860 | -58.8% |
| Operating cash flow | 1,365 | 434 | -931 | -68.2% |
| Free cash flow | -13 | -1,502 | -1,490 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 8,930 | 766 | 8.6% | 322 | 661 | 419 | S100KY0O |
| FY ending Mar 2021 | 9,486 | 919 | 9.7% | 683 | 1,246 | 810 | S100OG4G |
| FY ending Mar 2022 | 11,566 | 1,517 | 13.1% | 1,070 | 1,341 | 1,149 | S100R258 |
| FY ending Mar 2023 | 13,456 | 1,204 | 8.9% | 826 | -11 | -3,243 | S100V9ZE |
| FY ending Mar 2024 | 14,515 | 1,475 | 10.2% | 1,141 | 2,288 | 1,393 | S100W25F |
| FY ending Mar 2025 | 15,568 | 1,890 | 12.1% | 1,463 | 1,365 | -13 | S100YN3J |
| FY ending Mar 2026 | 15,865 | 1,009 | 6.4% | 603 | 434 | -1,502 | S100YN3J |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥30.2M |
| Operating income per employee (consolidated) | ¥1.9M |
| Net income per employee (consolidated) | ¥1.1M |

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) | 432 | 481 | 485 | 494 | 526 |
| Average salary (parent company) | ¥5.8M | ¥6.1M | ¥6M | ¥6.6M | ¥6.9M |
| Average age (parent company) | 40.7 years | 40.8 years | 41.5 years | 41.8 years | 41.6 years |
| Average tenure (parent company) | 11.9 years | 11.1 years | 11.6 years | 12.0 years | 10.9 years |

Year over year: Employees (consolidated) +6.5% · Revenue (consolidated) +1.9%

## 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 | 434 | 2.7% | S100YN3J |
| Capital expenditure | 1,936 | 12.2% | S100YN3J |
| Free cash flow | -1,502 | -9.5% | 算出 |
| Investing cash flow | -1,985 | -12.5% | S100YN3J |
| Financing cash flow | -1,093 | -6.9% | S100YN3J |
| Dividends paid | 417 | 2.6% | S100YN3J |
| Share buyback | 3,228 | 20.3% | S100YN3J |
| Change in cash | -2,636 | -16.6% | S100YN3J |
| Cash and equivalents | 2,961 | 18.7% | S100YN3J |

## 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 | 8,277 | 4,866 | 6,017 | 5,597 | 2,961 | S100V9ZE, S100W25F, S100YN3J |
| Total assets | 16,416 | 17,033 | 18,202 | 19,472 | 19,101 | S100R258, S100V9ZE, S100W25F, S100YN3J |
| Net assets | 13,254 | 13,716 | 14,581 | 15,969 | 12,957 | S100V9ZE, S100W25F, S100YN3J |
| Share capital | 1,154 | 1,154 | 1,154 | 1,154 | 1,154 | S100R258, S100V9ZE, S100W25F, S100YN3J |
| Trade receivables | 1,287 | 1,577 | 1,542 | 1,537 | 1,713 | S100R258, S100V9ZE, S100W25F, S100YN3J |
| Inventories | 2,199 | 2,762 | 2,563 | 2,819 | 2,982 | S100R258, S100V9ZE, S100W25F, S100YN3J |
| Property, plant and equipment | 2,782 | 5,969 | 5,985 | 7,028 | 8,609 | S100R258, S100V9ZE, S100W25F, S100YN3J |
| Intangible assets excluding goodwill | 325 | 452 | 539 | 518 | 654 | S100R258, S100V9ZE, S100W25F, S100YN3J |
| Goodwill | 42 | 33 | — | — | — | S100R258, S100V9ZE |
| Investment securities | 403 | 37 | 47 | 47 | 52 | S100R258, S100V9ZE, S100W25F, S100YN3J |
| Current assets | 12,086 | 9,686 | 10,693 | 10,841 | 8,757 | S100R258, S100V9ZE, S100W25F, S100YN3J |
| Current liabilities | 1,775 | 1,803 | 2,007 | 2,008 | 3,066 | S100R258, S100V9ZE, S100W25F, S100YN3J |
| Long-term borrowings | 193 | 210 | 154 | 103 | 1,603 | S100R258, S100V9ZE, S100W25F, S100YN3J |
| Total liabilities | 3,162 | 3,317 | 3,621 | 3,503 | 6,145 | S100R258, S100V9ZE, S100W25F, S100YN3J |
| Non-controlling interests | 18 | 25 | 35 | 40 | 39 | S100R258, S100V9ZE, S100W25F, S100YN3J |
| Equity attributable to owners of parent | 13,205 | 13,608 | 14,356 | 15,424 | 12,410 | S100R258, S100V9ZE, S100W25F, S100YN3J |
| Retained earnings | 11,102 | 11,476 | 12,216 | 13,265 | 13,451 | S100R258, S100V9ZE, S100W25F, S100YN3J |
| Treasury stock | -38 | -21 | -16 | -10 | -3,233 | S100R258, S100V9ZE, S100W25F, S100YN3J |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 16% | S100YN3J |
| Receivables | 9% | S100YN3J |
| Inventories | 16% | S100YN3J |
| Property, plant and equipment | 45% | S100YN3J |
| Intangibles and goodwill | 3% | S100YN3J |
| Investment securities | 0% | S100YN3J |
| Other assets | 11% | S100YN3J |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 32% | S100YN3J |
| Equity | 68% | S100YN3J |
| Other liabilities | 0% | S100YN3J |

### 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 | 16,416 | 17,033 | 18,202 | 19,472 | 19,101 |
| Equity | 13,254 | 13,716 | 14,581 | 15,969 | 12,957 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 8,277 | 4,866 | 6,017 | 5,597 | 2,961 |

## 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) | 54.3% | S100YN3J |
| Fixed assets ÷ total assets | 45.1% | S100YN3J |
| Goodwill ÷ parent equity | — | —, S100YN3J |

### 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) | 15.5% |
| Cash ÷ revenue | 18.7% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 43.0% |
| Cash vs. profit gap | -169 JPY mn (of net income -28.1%) |
| Shareholder returns / net income | 604.5% |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 69.1% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 12.2% |
| Investing CF relative to operating CF | 457.6% |

## 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 | 9.3% | 0.70× | 6.5% | 1.24× | 8.1% | S100R258 |
| 2023 | 6.1% | 0.80× | 4.9% | 1.25× | 6.2% | S100V9ZE |
| 2024 | 7.9% | 0.82× | 6.5% | 1.26× | 8.2% | S100W25F |
| 2025 | 9.4% | 0.83× | 7.8% | 1.27× | 9.8% | S100YN3J |
| 2026 | 3.8% | 0.82× | 3.1% | 1.39× | 4.3% | S100YN3J |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 鈴木映子 | Major shareholder | 14.3% | 2026-03-31 |
| 鈴木美奈子 | Major shareholder | 14.3% | 2026-03-31 |
| 合同会社アン・コーポレーション | Major shareholder | 10.9% | 2026-03-31 |
| 鈴茂器工取引先持株会 | Major shareholder | 5.7% | 2026-03-31 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 3.5% | 2026-03-31 |
| 立花証券株式会社 | Major shareholder | 2.4% | 2026-03-31 |
| UBS AG LONDON A/C IPB SEGREGATED CLIENT ACCOUNT（常任代理人シティバンク エヌ・エイ 東京支店カストディ業務部） | Major shareholder | 2.2% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託Ｅ口） | Major shareholder | 2.0% | 2026-03-31 |
| 岩本庄司 | Major shareholder | 1.8% | 2026-03-31 |
| 鈴茂器工グループ従業員持株会 | Major shareholder | 1.4% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第66期(2025/04/01－2026/03/31) | S100YN3J | 2026-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YN3J,, |
| 有価証券報告書－第65期(2024/04/01－2025/03/31) | S100W25F | 2025-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W25F,, |
| 訂正有価証券報告書－第64期(2023/04/01－2024/03/31) | S100V9ZE | 2025-02-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100V9ZE,, |
| 有価証券報告書－第63期(2022/04/01－2023/03/31) | S100R258 | 2023-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R258,, |
| 有価証券報告書－第62期(令和3年4月1日－令和4年3月31日) | S100OG4G | 2022-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OG4G,, |
| 有価証券報告書－第61期(令和2年4月1日－令和3年3月31日) | S100KY0O | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100KY0O,, |

## 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).