# TAKAKITA CO.,LTD.: business model and financials

> Latest period: FY ending Mar 2026, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第82期(2025/04/01－2026/03/31) (S100YFLC)
> Page: https://vizora.meequs.com/en/company/takakita
> Retrieved: 2026-09-30T20:00:00.524Z

## Company

Takakita, founded in 1945, is a company in Industrial Machinery listed on TSE Standard. It has 270 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | TAKAKITA CO., LTD. |
| Ticker | 6325 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6325.T) |
| Listing | TSE Standard |
| Head office | 三重県名張市夏見2828番地 |
| Representative (per filing) | 代表取締役社長 藤澤 龍也 |
| Founded | Mar 1945 |
| Share capital | ¥1.35B |
| Employees (consolidated) | 270 |
| Average salary (parent only) | ¥5.3M |
| Fiscal year end | March |
| Website | www.takakita-net.co.jp (https://www.takakita-net.co.jp/) |
| Corporate number | 4190001009381 |
| EDINET | E01617 |
| Industries (Vizora) | Industrial Machinery, Construction & Farm Machinery |

> Profile source: annual securities report (S100YFLC, filed 2026-06-22). As of filing

## Five-axis industry profile

Primary industry: Construction & Farm Machinery (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 14.7 | 17 |
| Profitability | 28.1 | 16 |
| Cash conversion | 90 | 15 |
| Efficiency | 32.4 | 17 |

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 94% of Takakita's sales come from agricultural machines section, with bearings section making up much of the rest.
- Out of every ¥100 of sales, about ¥5 is left as operating profit.
- Revenue changed -6.6% from the prior year, operating profit -5.3%.

## Company structure

- Segment revenue mix: agricultural machines section 93.6%、bearings section 6.4%
- Revenue → net income: ¥6548675000 → ¥205663000
- Net income → operating cash flow: ¥205663000 → ¥695477000（difference ¥489814000）
- Main uses of operating cash flow: CapEx ¥724350000 / dividends ¥113012000 / buybacks ¥13000
- Change in cash: ¥-106344000
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 | ¥6.55B |  |
| Operating income | ¥326.4M | Margin 5.0% |
| Net income | ¥205.7M | Margin 3.1% |
| Free cash flow | -¥28.9M |  |
| Largest business | agricultural machines section | of segment revenue 93.6% |
| Employees (consolidated) | 270 |  |
| EPS | ¥18.21 |  |
| Diluted EPS | ¥17.92 |  |
| Book value per share | ¥734.93 |  |
| Equity ratio | 84.2% |  |
| Shares outstanding | 14,000,000 |  |
| Treasury shares | 2,706,200 |  |
| Shareholders | 9,878 |  |
| Average salary (parent only) | ¥5.3M | Filing company only |
| Cash ratio | 16.9% | Cash ÷ revenue 25.5% |
| Vs. industry median margin | -3.6 pp | Construction & Farm Machinery |
| ROE | 2.7% | Derived from disclosed figures |
| ROA | 2.1% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 3.4× net income
- FY2026, one segment accounts for 100% of positive segment profit

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥6503884000 | ¥6548675000 | +0.7% |
| Operating income | ¥399862000 | ¥326383000 | -18.4% |
| Operating margin | 6.1% | 5.0% | -1.2 pp |
| Employees | 269 people | 270 people | +0.4% |
| Cash and equivalents | ¥861659000 | ¥1666676000 | +93.4% |

### 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 |
| --- | ---: |
| 農業機械事業 → 農業機械事業 | 93.3% |
| 軸受事業 → 軸受事業 | 6.4% |
| 軸受事業 → 事業再編・廃止 | 0.3% |
| 新設・再編 → 農業機械事業 | 0.3% |

Segment revenue source references: 4 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 6,549 | 100.0% | S100YFLC |
| Cost of revenue | 4,517 | 69.0% | S100YFLC |
| Gross profit | 2,032 | 31.0% | S100YFLC |
| SG&A | 1,706 | 26.0% | S100YFLC |
| Operating income | 326 | 5.0% | S100YFLC |
| Ordinary income | 376 | 5.7% | S100YFLC |
| Pretax income | 342 | 5.2% | S100YFLC |
| Income tax | 136 | 2.1% | S100YFLC |
| Net income | 206 | 3.1% | S100YFLC |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 69 |
| SG&A | 26 |
| Operating income | 5 |
| (Ref.) Net income | 3 |

### Margin funnel

Gross margin 31.0% → Operating margin 5.0% → Net margin 3.1%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit down
Revenue growth: -6.6%; Core profit growth: -5.3%
Operating leverage (core profit growth ÷ revenue growth): 0.81×
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 | 7,008 | 6,549 | -459 | -6.6% |
| Gross profit | 2,102 | 2,032 | -70 | -3.3% |
| Operating income | 345 | 326 | -18 | -5.3% |
| Operating cash flow | 345 | 695 | 351 | +101.8% |
| Free cash flow | 196 | -29 | -225 | -114.7% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 6,432 | 379 | 5.9% | 263 | 535 | 232 | S100LKPH |
| FY ending Mar 2021 | 6,504 | 400 | 6.1% | 323 | 399 | 109 | S100OO3B |
| FY ending Mar 2022 | 7,026 | 530 | 7.5% | 400 | 702 | 484 | S100R0FW |
| FY ending Mar 2023 | 7,731 | 609 | 7.9% | 476 | -15 | -119 | S100TRVD |
| FY ending Mar 2024 | 8,483 | 973 | 11.5% | 693 | 576 | 497 | S100W5DL |
| FY ending Mar 2025 | 7,008 | 345 | 4.9% | 566 | 345 | 196 | S100YFLC |
| FY ending Mar 2026 | 6,549 | 326 | 5.0% | 206 | 695 | -29 | S100YFLC |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥24.3M |
| Operating income per employee (consolidated) | ¥1.2M |
| Net income per employee (consolidated) | ¥761.7K |

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) | 270 | 281 | 279 | 276 | 270 |
| Average salary (parent company) | ¥5.2M | ¥5.4M | ¥5.4M | ¥5.5M | ¥5.3M |
| Average age (parent company) | 40.8 years | 40.6 years | 43.7 years | 42.8 years | 40.8 years |
| Average tenure (parent company) | 16.0 years | 15.5 years | 14.8 years | 14.2 years | 15.1 years |

Year over year: Employees (consolidated) -2.2% · Revenue (consolidated) -6.6%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| agricultural machines section | 6,133 | 93.6% | 307 | 5.0% |
| bearings section | 416 | 6.4% | -13 | -3.2% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| agricultural machines section | 93.6% | 100.0% | 6.4 | 5.0% |
| bearings section | 6.4% | — | — | -3.2% |

Loss-making segment (excluded from profit shares): bearings section -13 JPY mn

Segment → industry: bearings section → Industrial Machinery / agricultural machines section → Construction & Farm Machinery

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, non-consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 695 | 10.6% | S100YFLC |
| Capital expenditure | 724 | 11.1% | S100YFLC |
| Free cash flow | -29 | -0.4% | 算出 |
| Investing cash flow | -674 | -10.3% | S100YFLC |
| Financing cash flow | -128 | -2.0% | S100YFLC |
| Dividends paid | 113 | 1.7% | S100YFLC |
| Share buyback | 0 | 0.0% | S100YFLC |
| Change in cash | -106 | -1.6% | S100YFLC |
| Cash and equivalents | 1,667 | 25.5% | S100YFLC |

## 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 | 1,204 | 778 | 1,136 | 1,773 | 1,667 | S100TRVD, S100W5DL, S100YFLC |
| Total assets | 8,648 | 9,114 | 10,230 | 9,930 | 9,854 | S100R0FW, S100TRVD, S100W5DL, S100YFLC |
| Net assets | 6,900 | 7,053 | 7,850 | 8,089 | 8,377 | S100TRVD, S100W5DL, S100YFLC |
| Share capital | 1,350 | 1,350 | 1,350 | 1,350 | 1,350 | S100R0FW, S100TRVD, S100W5DL, S100YFLC |
| Property, plant and equipment | 2,044 | 1,936 | 1,854 | 2,338 | 2,423 | S100R0FW, S100TRVD, S100W5DL, S100YFLC |
| Intangible assets excluding goodwill | 209 | 177 | 118 | 105 | 99 | S100R0FW, S100TRVD, S100W5DL, S100YFLC |
| Investment securities | 957 | 930 | 1,278 | 829 | 1,100 | S100R0FW, S100TRVD, S100W5DL, S100YFLC |
| Current assets | 5,075 | 5,662 | 6,587 | 6,193 | 5,678 | S100R0FW, S100TRVD, S100W5DL, S100YFLC |
| Current liabilities | 1,507 | 1,851 | 2,166 | 1,720 | 1,235 | S100R0FW, S100TRVD, S100W5DL, S100YFLC |
| Short-term borrowings | 70 | 70 | 70 | 70 | 70 | S100R0FW, S100TRVD, S100W5DL, S100YFLC |
| Total liabilities | 1,748 | 2,061 | 2,380 | 1,840 | 1,477 | S100R0FW, S100TRVD, S100W5DL, S100YFLC |
| Equity attributable to owners of parent | 6,428 | 6,590 | 7,138 | 7,636 | 7,728 | S100R0FW, S100TRVD, S100W5DL, S100YFLC |
| Retained earnings | 4,895 | 5,258 | 5,807 | 6,206 | 6,299 | S100R0FW, S100TRVD, S100W5DL, S100YFLC |
| Treasury stock | -649 | -851 | -851 | -792 | -792 | S100R0FW, S100TRVD, S100W5DL, S100YFLC |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 17% | S100YFLC |
| Property, plant and equipment | 25% | S100YFLC |
| Intangibles and goodwill | 1% | S100YFLC |
| Investment securities | 11% | S100YFLC |
| Other assets | 46% | S100YFLC |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 15% | S100YFLC |
| Equity | 85% | S100YFLC |
| Other liabilities | 0% | S100YFLC |

### 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 | 8,648 | 9,114 | 10,230 | 9,930 | 9,854 |
| Equity | 6,900 | 7,053 | 7,850 | 8,089 | 8,377 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 1,204 | 778 | 1,136 | 1,773 | 1,667 |

## 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) | 37.0% | S100YFLC |
| Fixed assets ÷ total assets | 24.6% | S100YFLC |
| Goodwill ÷ parent equity | — | —, S100YFLC |

### 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) | 16.9% |
| Cash ÷ revenue | 25.5% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 213.1% |
| Cash vs. profit gap | 490 JPY mn (of net income 238.2%) |
| Shareholder returns / net income | 55.0% |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 55.0% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 11.1% |
| Investing CF relative to operating CF | 96.9% |

## 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 | 5.7% | 0.81× | 4.6% | 1.35× | 6.2% | S100R0FW |
| 2023 | 6.2% | 0.87× | 5.4% | 1.36× | 7.3% | S100TRVD |
| 2024 | 8.2% | 0.88× | 7.2% | 1.41× | 10.1% | S100W5DL |
| 2025 | 8.1% | 0.70× | 5.6% | 1.36× | 7.7% | S100YFLC |
| 2026 | 3.1% | 0.66× | 2.1% | 1.29× | 2.7% | S100YFLC |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| タカキタ持株会 | Major shareholder | 17.3% | 2026-03-31 |
| 株式会社クボタ | Major shareholder | 5.8% | 2026-03-31 |
| タナシン電機株式会社 | Major shareholder | 5.6% | 2026-03-31 |
| ヤンマーアグリ株式会社 | Major shareholder | 5.1% | 2026-03-31 |
| 株式会社南都銀行 | Major shareholder | 4.9% | 2026-03-31 |
| 株式会社三十三銀行 | Major shareholder | 4.4% | 2026-03-31 |
| タカキタ従業員持株会 | Major shareholder | 4.0% | 2026-03-31 |
| 井関農機株式会社 | Major shareholder | 2.7% | 2026-03-31 |
| 株式会社ヤハタ | Major shareholder | 2.2% | 2026-03-31 |
| アグリテクノサーチ株式会社 | Major shareholder | 1.8% | 2026-03-31 |
| 日本ニューホランド株式会社 | Major shareholder | 1.8% | 2026-03-31 |
| 株式会社丸山製作所 | Major shareholder | 1.8% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第82期(2025/04/01－2026/03/31) | S100YFLC | 2026-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YFLC,, |
| 有価証券報告書－第81期(2024/04/01－2025/03/31) | S100W5DL | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W5DL,, |
| 有価証券報告書－第80期(2023/04/01－2024/03/31) | S100TRVD | 2024-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TRVD,, |
| 有価証券報告書－第79期(2022/04/01－2023/03/31) | S100R0FW | 2023-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R0FW,, |
| 訂正有価証券報告書－第78期(令和3年4月1日－令和4年3月31日) | S100OO3B | 2022-07-05 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OO3B,, |
| 有価証券報告書－第77期(令和2年4月1日－令和3年3月31日) | S100LKPH | 2021-06-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LKPH,, |

## 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).