# Takemoto Yohki 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75期(2025/01/01－2025/12/31) (S100XSML)
> Page: https://vizora.meequs.com/en/company/takemoto-yohki
> Retrieved: 2026-09-30T21:10:33.608Z

## Company

Takemoto Yohki, founded in 1953, is a company in Food Packaging listed on TSE Standard. It has 767 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Takemoto Yohki Co., Ltd. |
| Ticker | 4248 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/4248.T) |
| Listing | TSE Standard |
| Head office | 東京都台東区西浅草一丁目5番15号(上記は登記上の本店所在地であり、実際の本社業務は下記の場所で行っております。) |
| Representative (per filing) | 代表取締役社長 竹本 笑子 |
| Founded | May 1953 |
| Share capital | ¥803.4M |
| Employees (consolidated) | 767 |
| Average salary (parent only) | ¥5.1M |
| Fiscal year end | December |
| Website | www.takemotokk.jp (https://www.takemotokk.jp/) |
| Corporate number | 9010501007633 |
| EDINET | E31037 |
| Industries (Vizora) | Food Packaging |

> Profile source: annual securities report (S100XSML, filed 2026-03-23). As of filing

## Five-axis industry profile

Primary industry: Food Packaging (2025-12-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 16.7 | 15 |
| Profitability | 56.7 | 15 |
| Cash conversion | 10.7 | 14 |
| Efficiency | 43.3 | 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)

- Takemoto Yohki brought in ¥14.5B in revenue.
- Out of every ¥100 of sales, about ¥7 is left as operating profit.
- Revenue changed -7.3% from the prior year, operating profit +4.9%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥14491278000 → ¥771051000
- Net income → operating cash flow: ¥771051000 → ¥692899000（difference ¥-78152000）
- Main uses of operating cash flow: CapEx ¥1191285000 / dividends ¥434050000 / buybacks —
- Change in cash: ¥-1746146000
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 | ¥14.5B |  |
| Operating income | ¥991.1M | Margin 6.8% |
| Net income | ¥771.1M | Margin 5.3% |
| Free cash flow | -¥498.4M |  |
| Employees (consolidated) | 767 |  |
| EPS | ¥109.18 |  |
| Diluted EPS | ¥108.77 |  |
| Book value per share | ¥715.39 |  |
| Equity ratio | 71.4% |  |
| Shares outstanding | 12,529,200 |  |
| Treasury shares | 462,200 |  |
| Shareholders | 13,876 |  |
| Average salary (parent only) | ¥5.1M | Filing company only |
| Cash ratio | 25.4% | Cash ÷ revenue 29.5% |
| Vs. industry median margin | +1.4 pp | Food Packaging |
| ROE | 7.6% | Derived from disclosed figures |
| ROA | 4.4% | Derived from disclosed figures |

## Notable figures

- FY2025, cash is 25% of total assets
- FY2025, employees 0% while operating income rose 5%

## What changed in 5 years

| Metric | FY ending Dec 2020 | FY ending Dec 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥14863393000 | ¥14491278000 | -2.5% |
| Operating income | ¥1778479000 | ¥991082000 | -44.3% |
| Operating margin | 12.0% | 6.8% | -5.1 pp |
| Employees | 918 people | 767 people | -16.4% |
| Cash and equivalents | ¥5504513000 | ¥4277515000 | -22.3% |

### 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.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 14,491 | 100.0% | S100XSML |
| Cost of revenue | 10,128 | 69.9% | S100XSML |
| Gross profit | 4,363 | 30.1% | S100XSML |
| SG&A | 3,372 | 23.3% | S100XSML |
| Operating income | 991 | 6.8% | S100XSML |
| Ordinary income | 1,069 | 7.4% | S100XSML |
| Pretax income | 1,068 | 7.4% | S100XSML |
| Income tax | 297 | 2.0% | S100XSML |
| Net income | 771 | 5.3% | S100XSML |
| Net income attributable to owners | 771 | 5.3% | S100XSML |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 70 |
| SG&A | 23 |
| Operating income | 7 |
| (Ref.) Net income | 5 |

### Margin funnel

Gross margin 30.1% → Operating margin 6.8% → Net margin 5.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue down, profit up
Revenue growth: -7.3%; Core profit growth: +4.9%
Operating leverage (core profit growth ÷ revenue growth): -0.67×
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 | 15,627 | 14,491 | -1,135 | -7.3% |
| Gross profit | 4,329 | 4,363 | 34 | +0.8% |
| Operating income | 945 | 991 | 46 | +4.9% |
| Net income attributable to owners | 640 | 771 | 131 | +20.5% |
| Operating cash flow | 2,149 | 693 | -1,456 | -67.8% |
| Free cash flow | 1,410 | -498 | -1,908 | -135.3% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Dec 2019 | 15,196 | 1,538 | 10.1% | 1,044 | 1,790 | 149 | S100L1E8 |
| FY ending Dec 2020 | 14,863 | 1,778 | 12.0% | 491 | 2,917 | 2,302 | S100NROE |
| FY ending Dec 2021 | 15,776 | 1,755 | 11.1% | 1,194 | 1,787 | 1,263 | S100QGRM |
| FY ending Dec 2022 | 14,885 | 836 | 5.6% | 369 | 1,264 | 442 | S100T4LH |
| FY ending Dec 2023 | 14,317 | 522 | 3.6% | 295 | 1,780 | 539 | S100VGNR |
| FY ending Dec 2024 | 15,627 | 945 | 6.0% | 640 | 2,149 | 1,410 | S100XSML |
| FY ending Dec 2025 | 14,491 | 991 | 6.8% | 771 | 693 | -498 | S100XSML |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥18.9M |
| Operating income per employee (consolidated) | ¥1.3M |
| Net income per employee (consolidated) | ¥1M |

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) | 890 | 879 | 826 | 769 | 767 |
| Average salary (parent company) | ¥5.1M | ¥5.1M | ¥4.9M | ¥5M | ¥5.1M |
| Average age (parent company) | 38.7 years | 39.0 years | 39.3 years | 39.5 years | 39.9 years |
| Average tenure (parent company) | 12.5 years | 12.8 years | 13.2 years | 13.6 years | 13.8 years |

Year over year: Employees (consolidated) -0.3% · Revenue (consolidated) -7.3%

## 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 | 693 | 4.8% | S100XSML |
| Capital expenditure | 1,191 | 8.2% | S100XSML |
| Free cash flow | -498 | -3.4% | 算出 |
| Investing cash flow | -1,462 | -10.1% | S100XSML |
| Financing cash flow | -991 | -6.8% | S100XSML |
| Dividends paid | 434 | 3.0% | S100XSML |
| Change in cash | -1,746 | -12.0% | S100XSML |
| Cash and equivalents | 4,278 | 29.5% | S100XSML |

## 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 | 6,413 | 6,369 | 5,482 | 6,024 | 4,278 | S100T4LH, S100VGNR, S100XSML |
| Total assets | 18,977 | 18,618 | 17,919 | 18,236 | 16,827 | S100QGRM, S100T4LH, S100VGNR, S100XSML |
| Net assets | 10,981 | 11,288 | 11,010 | 11,696 | 12,067 | S100T4LH, S100VGNR, S100XSML |
| Share capital | 803 | 803 | 803 | 803 | 803 | S100QGRM, S100T4LH, S100VGNR, S100XSML |
| Trade receivables | 3,435 | 3,363 | 3,034 | 2,988 | 2,938 | S100QGRM, S100T4LH, S100VGNR, S100XSML |
| Property, plant and equipment | 6,435 | 6,327 | 6,770 | 6,566 | 6,453 | S100QGRM, S100T4LH, S100VGNR, S100XSML |
| Intangible assets excluding goodwill | 403 | 361 | 371 | 358 | 500 | S100QGRM, S100T4LH, S100VGNR, S100XSML |
| Investment securities | 9 | 7 | 7 | 7 | 10 | S100QGRM, S100T4LH, S100VGNR, S100XSML |
| Current assets | 11,821 | 11,718 | 10,581 | 11,120 | 9,593 | S100QGRM, S100T4LH, S100VGNR, S100XSML |
| Current liabilities | 4,466 | 4,019 | 4,283 | 4,458 | 3,151 | S100QGRM, S100T4LH, S100VGNR, S100XSML |
| Trade payables | 824 | 756 | 729 | 635 | 576 | S100QGRM, S100T4LH, S100VGNR, S100XSML |
| Long-term borrowings | 3,158 | 2,918 | 2,255 | 1,697 | 1,259 | S100QGRM, S100T4LH, S100VGNR, S100XSML |
| Total liabilities | 7,996 | 7,330 | 6,909 | 6,541 | 4,760 | S100QGRM, S100T4LH, S100VGNR, S100XSML |
| Equity attributable to owners of parent | 10,302 | 10,233 | 9,714 | 9,932 | 10,286 | S100QGRM, S100T4LH, S100VGNR, S100XSML |
| Retained earnings | 8,469 | 8,399 | 8,252 | 8,459 | 8,796 | S100QGRM, S100T4LH, S100VGNR, S100XSML |
| Treasury stock | -0 | -0 | -372 | -361 | -346 | S100QGRM, S100T4LH, S100VGNR, S100XSML |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 25% | S100XSML |
| Receivables | 18% | S100XSML |
| Property, plant and equipment | 38% | S100XSML |
| Intangibles and goodwill | 3% | S100XSML |
| Investment securities | 0% | S100XSML |
| Other assets | 16% | S100XSML |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 3% | S100XSML |
| Other liabilities | 25% | S100XSML |
| Equity | 72% | S100XSML |

### 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 | 18,977 | 18,618 | 17,919 | 18,236 | 16,827 |
| Equity | 10,981 | 11,288 | 11,010 | 11,696 | 12,067 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 6,413 | 6,369 | 5,482 | 6,024 | 4,278 |

## 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) | 44.5% | S100XSML |
| Fixed assets ÷ total assets | 38.3% | S100XSML |
| Goodwill ÷ parent equity | — | —, S100XSML |

### 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) | 25.4% |
| Cash ÷ revenue | 29.5% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 69.9% |
| Cash vs. profit gap | -78 JPY mn (of net income -10.1%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 56.3% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 8.2% |
| Investing CF relative to operating CF | 211.1% |

## 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 | 7.6% | 0.83× | 6.3% | 1.84× | 11.6% | S100QGRM |
| 2022 | 2.5% | 0.79× | 2.0% | 1.83× | 3.6% | S100T4LH |
| 2023 | 2.1% | 0.78× | 1.6% | 1.83× | 3.0% | S100VGNR |
| 2024 | 4.1% | 0.86× | 3.5% | 1.84× | 6.5% | S100XSML |
| 2025 | 5.3% | 0.83× | 4.4% | 1.73× | 7.6% | S100XSML |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 一 般 社 団 法 人 笑 友 会 | Major shareholder | 33.8% | 2025-12-31 |
| 竹 本 容 器 若 竹 持 株 会 | Major shareholder | 5.0% | 2025-12-31 |
| 竹 本 雅 英 | Major shareholder | 3.5% | 2025-12-31 |
| 竹 本 笑 子 | Major shareholder | 3.3% | 2025-12-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 1.8% | 2025-12-31 |
| BNYM RE BNYMLB RE GPP CLIENT MONEY AND ASSETS AC(常任代理人 株式会社三菱UFJ銀行) | Major shareholder | 1.8% | 2025-12-31 |
| 山 本 勝 人 | Major shareholder | 1.3% | 2025-12-31 |
| 山 本 健 人 | Major shareholder | 1.1% | 2025-12-31 |
| 松 井 証 券 株 式 会 社 | Major shareholder | 1.1% | 2025-12-31 |
| 高 橋 宏 一 | Major shareholder | 1.1% | 2025-12-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第75期(2025/01/01－2025/12/31) | S100XSML | 2026-03-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XSML,, |
| 有価証券報告書－第74期(2024/01/01－2024/12/31) | S100VGNR | 2025-03-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VGNR,, |
| 有価証券報告書－第73期(2023/01/01－2023/12/31) | S100T4LH | 2024-03-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100T4LH,, |
| 有価証券報告書－第72期(2022/01/01－2022/12/31) | S100QGRM | 2023-03-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QGRM,, |
| 有価証券報告書－第71期(令和3年1月1日－令和3年12月31日) | S100NROE | 2022-03-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100NROE,, |
| 有価証券報告書－第70期(令和2年1月1日－令和2年12月31日) | S100L1E8 | 2021-03-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100L1E8,, |

## 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).