# Taisei Lamick Group Head Quarter & Innovation 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61期(2025/04/01－2026/03/31) (S100YG2P)
> Page: https://vizora.meequs.com/en/company/taisei-lamick-group-head-quarter-and-innovation
> Retrieved: 2026-09-30T20:40:40.154Z

## Company

Taisei Lamick Group Head Quarter & Innovation, founded in 1966, is a company in Food Packaging listed on TSE Standard. It has 631 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Taisei Lamick Group Head Quarter & Innovation Co., Ltd. |
| Ticker | 4994 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/4994.T) |
| Listing | TSE Standard |
| Head office | 埼玉県白岡市下大崎873番地1 |
| Representative (per filing) | 代表取締役社長 CEO 長谷部 正 |
| Founded | Mar 1966 |
| Share capital | ¥3.43B |
| Employees (consolidated) | 631 |
| Average salary (parent only) | ¥7M |
| Fiscal year end | March |
| Website | www.lamick.co.jp (https://www.lamick.co.jp/) |
| Corporate number | 2030001031015 |
| EDINET | E01058 |
| Industries (Vizora) | Food Packaging |

> Profile source: annual securities report (S100YG2P, filed 2026-06-22). As of filing

## Five-axis industry profile

Primary industry: Food Packaging (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 63.3 | 15 |
| Profitability | 83.3 | 15 |
| Cash conversion | 25 | 14 |
| Efficiency | 70 | 15 |

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)

- Taisei Lamick Group Head Quarter & Innovation brought in ¥32.5B in revenue.
- Out of every ¥100 of sales, about ¥7 is left as operating profit.
- Revenue changed +5.3% from the prior year, operating profit +1.8%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥32484199000 → ¥1554628000
- Net income → operating cash flow: ¥1554628000 → ¥2258681000（difference ¥704053000）
- Main uses of operating cash flow: CapEx ¥2193096000 / dividends ¥506183000 / buybacks ¥633889000
- Change in cash: ¥-1109308000
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 | ¥32.5B |  |
| Operating income | ¥2.42B | Margin 7.4% |
| Net income | ¥1.55B | Margin 4.8% |
| Free cash flow | ¥65.6M |  |
| Employees (consolidated) | 631 |  |
| EPS | ¥-73.6 |  |
| Book value per share | ¥3592.19 |  |
| Equity ratio | 73.8% |  |
| Shares outstanding | 7,047,000 |  |
| Treasury shares | 863,500 |  |
| Shareholders | 22,581 |  |
| Average salary (parent only) | ¥7M | Filing company only |
| Cash ratio | 13.3% | Cash ÷ revenue 14.4% |
| Vs. industry median margin | +2 pp | Food Packaging |
| ROE | 6.4% | Derived from disclosed figures |
| ROA | 4.5% | Derived from disclosed figures |

## Notable figures

- FY2026, buybacks were 1.3× dividends
- FY2026, employees -3% while operating income rose 2%

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥25937398000 | ¥32484199000 | +25.2% |
| Operating income | ¥2407924000 | ¥2416122000 | +0.3% |
| Operating margin | 9.3% | 7.4% | -1.8 pp |
| Employees | 808 people | 631 people | -21.9% |
| Cash and equivalents | ¥4961341000 | ¥4672624000 | -5.8% |

### 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 | 32,484 | 100.0% | S100YG2P |
| Cost of revenue | 23,648 | 72.8% | S100YG2P |
| Gross profit | 8,836 | 27.2% | S100YG2P |
| SG&A | 6,420 | 19.8% | S100YG2P |
| Operating income | 2,416 | 7.4% | S100YG2P |
| Ordinary income | 2,502 | 7.7% | S100YG2P |
| Pretax income | 2,494 | 7.7% | S100YG2P |
| Income tax | 940 | 2.9% | S100YG2P |
| Net income | 1,555 | 4.8% | S100YG2P |
| Net income attributable to owners | 1,555 | 4.8% | S100YG2P |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 73 |
| SG&A | 20 |
| Operating income | 7 |
| (Ref.) Net income | 5 |

### Margin funnel

Gross margin 27.2% → Operating margin 7.4% → Net margin 4.8%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +5.3%; Core profit growth: +1.8%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): 0.34×
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 | 30,850 | 32,484 | 1,635 | +5.3% |
| Gross profit | 8,144 | 8,836 | 692 | +8.5% |
| Operating income | 2,373 | 2,416 | 43 | +1.8% |
| Net income attributable to owners | 1,691 | 1,555 | -136 | -8.1% |
| Operating cash flow | 3,345 | 2,259 | -1,086 | -32.5% |
| Free cash flow | 1,135 | 66 | -1,070 | -94.2% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 26,496 | 1,761 | 6.6% | 1,105 | 3,479 | 2,462 | S100LJKE |
| FY ending Mar 2021 | 25,937 | 2,408 | 9.3% | 1,127 | 2,891 | 1,713 | S100O9LC |
| FY ending Mar 2022 | 28,161 | 3,000 | 10.7% | 2,163 | 2,602 | 1,827 | S100QY19 |
| FY ending Mar 2023 | 29,220 | 2,519 | 8.6% | 1,920 | 1,298 | -241 | S100TRZP |
| FY ending Mar 2024 | 28,029 | 1,622 | 5.8% | 1,084 | 2,477 | 394 | S100W21O |
| FY ending Mar 2025 | 30,850 | 2,373 | 7.7% | 1,691 | 3,345 | 1,135 | S100YG2P |
| FY ending Mar 2026 | 32,484 | 2,416 | 7.4% | 1,555 | 2,259 | 66 | S100YG2P |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥51.5M |
| Operating income per employee (consolidated) | ¥3.8M |
| Net income per employee (consolidated) | ¥2.5M |

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) | 767 | 652 | 645 | 648 | 631 |
| Average salary (parent company) | ¥6.1M | ¥6M | ¥5.9M | ¥6.4M | ¥7M |
| Average age (parent company) | 38.7 years | 39.7 years | 40.6 years | 41.1 years | 42.7 years |
| Average tenure (parent company) | 13.4 years | 14.2 years | 14.9 years | 15.0 years | 13.7 years |

Year over year: Employees (consolidated) -2.6% · Revenue (consolidated) +5.3%

## 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 | 2,259 | 7.0% | S100YG2P |
| Capital expenditure | 2,193 | 6.8% | S100YG2P |
| Free cash flow | 66 | 0.2% | 算出 |
| Investing cash flow | -2,267 | -7.0% | S100YG2P |
| Financing cash flow | -1,162 | -3.6% | S100YG2P |
| Dividends paid | 506 | 1.6% | S100YG2P |
| Share buyback | 634 | 2.0% | S100YG2P |
| Change in cash | -1,109 | -3.4% | S100YG2P |
| Cash and equivalents | 4,673 | 14.4% | S100YG2P |

## 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 | 5,285 | 5,671 | 5,088 | 5,782 | 4,673 | S100TRZP, S100W21O, S100YG2P |
| Total assets | 31,398 | 31,353 | 32,743 | 34,221 | 35,165 | S100QY19, S100TRZP, S100W21O, S100YG2P |
| Net assets | 22,838 | 23,357 | 23,955 | 25,158 | 25,968 | S100TRZP, S100W21O, S100YG2P |
| Share capital | 3,426 | 3,426 | 3,426 | 3,426 | 3,426 | S100QY19, S100TRZP, S100W21O, S100YG2P |
| Property, plant and equipment | 13,286 | 11,557 | 12,953 | 13,696 | 13,217 | S100QY19, S100TRZP, S100W21O, S100YG2P |
| Intangible assets excluding goodwill | 196 | 439 | 450 | 539 | 651 | S100QY19, S100TRZP, S100W21O, S100YG2P |
| Investment securities | 429 | 908 | 972 | 944 | 1,073 | S100QY19, S100TRZP, S100W21O, S100YG2P |
| Current assets | 16,588 | 17,608 | 17,218 | 17,844 | 18,551 | S100QY19, S100TRZP, S100W21O, S100YG2P |
| Current liabilities | 8,154 | 7,441 | 8,296 | 8,633 | 8,695 | S100QY19, S100TRZP, S100W21O, S100YG2P |
| Short-term borrowings | 262 | — | — | — | — | S100QY19 |
| Long-term borrowings | 79 | 29 | — | — | — | S100QY19, S100TRZP |
| Total liabilities | 8,560 | 7,995 | 8,788 | 9,063 | 9,197 | S100QY19, S100TRZP, S100W21O, S100YG2P |
| Non-controlling interests | 439 | — | — | — | 5 | S100QY19, S100YG2P |
| Equity attributable to owners of parent | 21,806 | 22,796 | 22,928 | 24,182 | 24,600 | S100QY19, S100TRZP, S100W21O, S100YG2P |
| Retained earnings | 16,065 | 17,539 | 18,169 | 19,414 | 20,462 | S100QY19, S100TRZP, S100W21O, S100YG2P |
| Treasury stock | -1,089 | -1,582 | -2,081 | -2,071 | -2,702 | S100QY19, S100TRZP, S100W21O, S100YG2P |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 13% | S100YG2P |
| Property, plant and equipment | 38% | S100YG2P |
| Intangibles and goodwill | 2% | S100YG2P |
| Investment securities | 3% | S100YG2P |
| Other assets | 44% | S100YG2P |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 26% | S100YG2P |
| Equity | 74% | S100YG2P |

### 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 | 31,398 | 31,353 | 32,743 | 34,221 | 35,165 |
| Equity | 22,838 | 23,357 | 23,955 | 25,158 | 25,968 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 5,285 | 5,671 | 5,088 | 5,782 | 4,673 |

## 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) | 40.7% | S100YG2P |
| Fixed assets ÷ total assets | 37.6% | S100YG2P |
| Goodwill ÷ parent equity | — | —, S100YG2P |

### 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) | 13.3% |
| Cash ÷ revenue | 14.4% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 93.5% |
| Cash vs. profit gap | 704 JPY mn (of net income 45.3%) |
| Shareholder returns / net income | 73.3% |
| Shareholder returns / FCF | 1738.3% |
| Shareholder payments — dividends / net income | 32.6% |
| Shareholder payments — dividends / FCF | 771.8% |
| CapEx intensity (capex ÷ revenue) | 6.8% |
| Investing CF relative to operating CF | 100.4% |

## 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 | 7.7% | 0.90× | 6.9% | 1.44× | 9.9% | S100QY19 |
| 2023 | 6.6% | 0.93× | 6.1% | 1.41× | 8.6% | S100TRZP |
| 2024 | 3.9% | 0.87× | 3.4% | 1.40× | 4.7% | S100W21O |
| 2025 | 5.5% | 0.92× | 5.1% | 1.42× | 7.2% | S100YG2P |
| 2026 | 4.8% | 0.94× | 4.5% | 1.42× | 6.4% | S100YG2P |

## 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 | 9.8% | 2026-03-31 |
| 株式会社タイパック | Major shareholder | 7.9% | 2026-03-31 |
| 大成ラミック取引先持株会 | Major shareholder | 4.3% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 3.7% | 2026-03-31 |
| THE CHASE MANHATTAN BANK, N.A. LONDONSECS LENDING OMNIBUS ACCOUNT（常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 3.3% | 2026-03-31 |
| 大日精化工業株式会社 | Major shareholder | 3.1% | 2026-03-31 |
| 大成ラミック従業員持株会 | Major shareholder | 2.8% | 2026-03-31 |
| 木村 義成 | Major shareholder | 2.5% | 2026-03-31 |
| 新生紙パルプ商事株式会社 | Major shareholder | 2.2% | 2026-03-31 |
| 株式会社武蔵野銀行 | Major shareholder | 1.6% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第61期(2025/04/01－2026/03/31) | S100YG2P | 2026-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YG2P,, |
| 有価証券報告書－第60期(2024/04/01－2025/03/31) | S100W21O | 2025-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W21O,, |
| 有価証券報告書－第59期(2023/04/01－2024/03/31) | S100TRZP | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TRZP,, |
| 有価証券報告書－第58期(2022/04/01－2023/03/31) | S100QY19 | 2023-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QY19,, |
| 有価証券報告書－第57期(令和3年4月1日－令和4年3月31日) | S100O9LC | 2022-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100O9LC,, |
| 有価証券報告書－第56期(令和2年4月1日－令和3年3月31日) | S100LJKE | 2021-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LJKE,, |

## 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).