# TANAKA SEIMITSU KOGYO 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75期(2025/04/01－2026/03/31) (S100YH4P)
> Page: https://vizora.meequs.com/en/company/tanaka-seimitsu-kogyo
> Retrieved: 2026-09-30T21:09:52.089Z

## Company

Tanaka Seimitsu Kogyo, founded in 1951, is a company in Robots & Factory Automation listed on TSE Standard. It has 1,383 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | TANAKA SEIMITSU KOGYO CO.,LTD. |
| Ticker | 7218 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7218.T) |
| Listing | TSE Standard |
| Head office | 富山県富山市婦中町島田328番地 |
| Representative (per filing) | 代表取締役 社長執行役員 田中 英一郎 |
| Founded | Mar 1951 |
| Share capital | ¥500.2M |
| Employees (consolidated) | 1,383 |
| Average salary (parent only) | ¥5.2M |
| Fiscal year end | March |
| Website | www.tanasei.co.jp (https://www.tanasei.co.jp/) |
| Corporate number | 6230001001654 |
| EDINET | E02241 |
| Industries (Vizora) | Robots & Factory Automation, Auto Parts, Car Dealers & Used Cars |

> Profile source: annual securities report (S100YH4P, filed 2026-06-22). As of filing

## Five-axis industry profile

Primary industry: Auto Parts (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 85.9 | 110 |
| Profitability | 58.1 | 111 |
| Cash conversion | 63.4 | 108 |
| Efficiency | 41 | 111 |

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 75% of Tanaka Seimitsu Kogyo's sales come from Parts Manufacturing, with Mobility and Solutions making up much of the rest.
- Out of every ¥100 of sales, about ¥5 is left as operating profit.
- Revenue changed +8.2% from the prior year, operating profit -12.3%.

## Company structure

- Segment revenue mix: Parts Manufacturing 75.2%、Mobility 21.5%、Solutions 3.3%
- Revenue → net income: ¥43790459000 → ¥1425331000
- Net income → operating cash flow: ¥1425331000 → ¥4723322000（difference ¥3297991000）
- Main uses of operating cash flow: CapEx ¥7155520000 / dividends ¥339101000 / buybacks —
- Change in cash: ¥-608810000
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 | ¥43.8B |  |
| Operating income | ¥2.37B | Margin 5.4% |
| Net income | ¥1.19B | Margin 2.7% |
| Free cash flow | -¥2.43B |  |
| Largest business | Parts Manufacturing | of segment revenue 75.2% |
| Employees (consolidated) | 1,383 |  |
| EPS | ¥163.35 |  |
| Book value per share | ¥1442.11 |  |
| Equity ratio | 54.4% |  |
| Shares outstanding | 9,763,600 |  |
| Treasury shares | 8,700 |  |
| Shareholders | 3,110 |  |
| Average salary (parent only) | ¥5.2M | Filing company only |
| Cash ratio | 15.9% | Cash ÷ revenue 17.3% |
| Vs. industry median margin | +0.7 pp | Auto Parts |
| ROE | 6.3% | Derived from disclosed figures |
| ROA | 2.6% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 4.0× net income
- FY2026, one segment accounts for 72% of positive segment profit
- FY2026, parent-company salary changed +21% over five years

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥26041013000 | ¥43790459000 | +68.2% |
| Operating income | ¥-239348000 | ¥2372058000 | — |
| Operating margin | -0.9% | 5.4% | +6.3 pp |
| Employees | 1,624 people | 1,383 people | -14.8% |
| Cash and equivalents | ¥7025669000 | ¥7569894000 | +7.7% |

### 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.

| Flow | Revenue share |
| --- | ---: |
| 日本 → 事業再編・廃止 | 49.4% |
| 米国 → 事業再編・廃止 | 32.3% |
| タイ → 事業再編・廃止 | 15.5% |
| ベトナム → 事業再編・廃止 | 2.7% |
| 新設・再編 → 部品製造事業 | 75.2% |
| 新設・再編 → ソリューション事業 | 3.3% |
| 新設・再編 → モビリティ事業 | 21.5% |

Segment revenue source references: 7 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| Parts Manufacturing | 4 years | +7.4% | ¥32938042000 | 5.3% | 2 |
| Mobility | 4 years | +18.9% | ¥9419385000 | 3.2% | 2 |
| Solutions | 4 years | +72.2% | ¥1433031000 | 25.8% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 43,790 | 100.0% | S100YH4P |
| Cost of revenue | 36,415 | 83.2% | S100YH4P |
| Gross profit | 7,376 | 16.8% | S100YH4P |
| SG&A | 5,004 | 11.4% | S100YH4P |
| Operating income | 2,372 | 5.4% | S100YH4P |
| Ordinary income | 2,554 | 5.8% | S100YH4P |
| Pretax income | 1,679 | 3.8% | S100YH4P |
| Income tax | 253 | 0.6% | S100YH4P |
| Net income | 1,425 | 3.3% | S100YH4P |
| Net income attributable to owners | 1,195 | 2.7% | S100YH4P |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 83 |
| SG&A | 12 |
| Operating income | 5 |
| (Ref.) Net income | 3 |

### Margin funnel

Gross margin 16.8% → Operating margin 5.4% → Net margin 2.7%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +8.2%; Core profit growth: -12.3%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -1.50×
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 | 40,474 | 43,790 | 3,316 | +8.2% |
| Gross profit | 7,436 | 7,376 | -61 | -0.8% |
| Operating income | 2,705 | 2,372 | -333 | -12.3% |
| Net income attributable to owners | 1,789 | 1,195 | -594 | -33.2% |
| Operating cash flow | 4,422 | 4,723 | 301 | +6.8% |
| Free cash flow | 810 | -2,432 | -3,242 | -400.3% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 32,005 | -321 | -1.0% | -671 | 3,608 | 151 | S100LOKU |
| FY ending Mar 2021 | 26,041 | -239 | -0.9% | -572 | 3,059 | 791 | S100OAHC |
| FY ending Mar 2022 | 29,671 | 1,298 | 4.4% | 374 | 2,370 | 696 | S100R3YV |
| FY ending Mar 2023 | 34,228 | 2,187 | 6.4% | 1,023 | 4,976 | 3,510 | S100TQHR |
| FY ending Mar 2024 | 42,545 | 3,664 | 8.6% | 2,219 | 7,423 | 4,869 | S100W46V |
| FY ending Mar 2025 | 40,474 | 2,705 | 6.7% | 1,789 | 4,422 | 810 | S100YH4P |
| FY ending Mar 2026 | 43,790 | 2,372 | 5.4% | 1,195 | 4,723 | -2,432 | S100YH4P |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥31.7M |
| Operating income per employee (consolidated) | ¥1.7M |
| Net income per employee (consolidated) | ¥863.8K |

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) | 1,485 | 1,394 | 1,402 | 1,444 | 1,383 |
| Average salary (parent company) | ¥4.3M | ¥5M | ¥5.5M | ¥5.4M | ¥5.2M |
| Average age (parent company) | 43.7 years | 43.4 years | 41.5 years | 41.5 years | 43.5 years |
| Average tenure (parent company) | 22.0 years | 21.6 years | 19.2 years | 19.3 years | 19.1 years |

Year over year: Employees (consolidated) -4.2% · Revenue (consolidated) +8.2%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Parts Manufacturing | 32,938 | 75.2% | 1,744 | 5.3% |
| Solutions | 1,433 | 3.3% | 370 | 25.8% |
| Mobility | 9,419 | 21.5% | 299 | 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 |
| --- | ---: | ---: | ---: | ---: |
| Parts Manufacturing | 75.2% | 72.3% | -2.9 | 5.3% |
| Solutions | 3.3% | 15.3% | 12.1 | 25.8% |
| Mobility | 21.5% | 12.4% | -9.1 | 3.2% |

Segment → industry: Solutions → Robots & Factory Automation / Parts Manufacturing → Auto Parts / Mobility → Car Dealers & Used Cars

## 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 | 4,723 | 10.8% | S100YH4P |
| Capital expenditure | 7,156 | 16.3% | S100YH4P |
| Free cash flow | -2,432 | -5.6% | 算出 |
| Investing cash flow | -7,421 | -16.9% | S100YH4P |
| Financing cash flow | 1,744 | 4.0% | S100YH4P |
| Dividends paid | 339 | 0.8% | S100YH4P |
| Change in cash | -609 | -1.4% | S100YH4P |
| Cash and equivalents | 7,570 | 17.3% | S100YH4P |

## 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 | 5,986 | 7,443 | 8,800 | 8,179 | 7,570 | S100TQHR, S100W46V, S100YH4P |
| Total assets | 36,842 | 39,278 | 42,681 | 43,718 | 47,724 | S100R3YV, S100TQHR, S100W46V, S100YH4P |
| Net assets | 22,723 | 25,319 | 30,146 | 31,056 | 33,152 | S100TQHR, S100W46V, S100YH4P |
| Share capital | 500 | 500 | 500 | 500 | 500 | S100R3YV, S100TQHR, S100W46V, S100YH4P |
| Trade receivables | 3,529 | 4,368 | 4,657 | 4,562 | 4,850 | S100R3YV, S100TQHR, S100W46V, S100YH4P |
| Property, plant and equipment | 16,656 | 16,304 | 16,514 | 17,486 | 20,507 | S100R3YV, S100TQHR, S100W46V, S100YH4P |
| Intangible assets excluding goodwill | 195 | 258 | 211 | 251 | 485 | S100R3YV, S100TQHR, S100W46V, S100YH4P |
| Goodwill | — | 104 | 93 | 120 | 50 | S100TQHR, S100W46V, S100YH4P |
| Investment securities | 2,797 | 2,419 | 3,731 | 3,114 | 3,386 | S100R3YV, S100TQHR, S100W46V, S100YH4P |
| Current assets | 16,745 | 19,744 | 21,395 | 21,751 | 22,587 | S100R3YV, S100TQHR, S100W46V, S100YH4P |
| Current liabilities | 9,739 | 10,834 | 10,102 | 10,655 | 11,026 | S100R3YV, S100TQHR, S100W46V, S100YH4P |
| Trade payables | 1,637 | 1,994 | 2,167 | 2,404 | 2,305 | S100R3YV, S100TQHR, S100W46V, S100YH4P |
| Short-term borrowings | 2,720 | 2,900 | 2,083 | 3,090 | 3,860 | S100R3YV, S100TQHR, S100W46V, S100YH4P |
| Long-term borrowings | 3,308 | 1,728 | 724 | 332 | 1,930 | S100R3YV, S100TQHR, S100W46V, S100YH4P |
| Total liabilities | 14,119 | 13,959 | 12,535 | 12,662 | 14,572 | S100R3YV, S100TQHR, S100W46V, S100YH4P |
| Non-controlling interests | 6,220 | 6,740 | 7,424 | 7,001 | 7,190 | S100R3YV, S100TQHR, S100W46V, S100YH4P |
| Equity attributable to owners of parent | 13,943 | 14,897 | 16,891 | 18,431 | 19,339 | S100R3YV, S100TQHR, S100W46V, S100YH4P |
| Retained earnings | 13,121 | 14,075 | 16,187 | 17,706 | 18,561 | S100R3YV, S100TQHR, S100W46V, S100YH4P |
| Treasury stock | -3 | -3 | -99 | -61 | -7 | S100R3YV, S100TQHR, S100W46V, S100YH4P |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 16% | S100YH4P |
| Receivables | 10% | S100YH4P |
| Property, plant and equipment | 43% | S100YH4P |
| Intangibles and goodwill | 1% | S100YH4P |
| Investment securities | 7% | S100YH4P |
| Other assets | 23% | S100YH4P |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 5% | S100YH4P |
| Other liabilities | 26% | S100YH4P |
| Equity | 69% | S100YH4P |

### 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 | 36,842 | 39,278 | 42,681 | 43,718 | 47,724 |
| Equity | 22,723 | 25,319 | 30,146 | 31,056 | 33,152 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 5,986 | 7,443 | 8,800 | 8,179 | 7,570 |

## 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) | 46.8% | S100YH4P |
| Fixed assets ÷ total assets | 43.0% | S100YH4P |
| Goodwill ÷ parent equity | 0.3% | S100YH4P |

### 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) | 15.9% |
| Cash ÷ revenue | 17.3% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 199.1% |
| Cash vs. profit gap | 3,529 JPY mn (of net income 295.4%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 28.4% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 16.3% |
| Investing CF relative to operating CF | 157.1% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 1.3% | 0.81× | 1.0% | 2.64× | 2.7% | S100R3YV |
| 2023 | 3.0% | 0.90× | 2.7% | 2.64× | 7.1% | S100TQHR |
| 2024 | 5.2% | 1.04× | 5.4% | 2.58× | 14.0% | S100W46V |
| 2025 | 4.4% | 0.94× | 4.1% | 2.45× | 10.1% | S100YH4P |
| 2026 | 2.7% | 0.96× | 2.6% | 2.42× | 6.3% | S100YH4P |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 本田技研工業㈱ | Major shareholder | 24.3% | 2026-03-31 |
| 田中共進会持株会 | Major shareholder | 13.0% | 2026-03-31 |
| 名古屋中小企業投資育成㈱ | Major shareholder | 5.4% | 2026-03-31 |
| 田中 一郎 | Major shareholder | 5.3% | 2026-03-31 |
| 田中 龍郎 | Major shareholder | 4.6% | 2026-03-31 |
| ㈱商工組合中央金庫 | Major shareholder | 3.6% | 2026-03-31 |
| 田中精密工業従業員持株会 | Major shareholder | 3.3% | 2026-03-31 |
| ㈱北陸銀行 | Major shareholder | 3.2% | 2026-03-31 |
| ㈱富山第一銀行 | Major shareholder | 2.8% | 2026-03-31 |
| ㈱三菱ＵＦＪ銀行 | Major shareholder | 1.6% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第75期(2025/04/01－2026/03/31) | S100YH4P | 2026-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YH4P,, |
| 有価証券報告書－第74期(2024/04/01－2025/03/31) | S100W46V | 2025-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W46V,, |
| 有価証券報告書－第73期(2023/04/01－2024/03/31) | S100TQHR | 2024-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TQHR,, |
| 有価証券報告書－第72期(2022/04/01－2023/03/31) | S100R3YV | 2023-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R3YV,, |
| 有価証券報告書－第71期(令和3年4月1日－令和4年3月31日) | S100OAHC | 2022-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OAHC,, |
| 有価証券報告書－第70期(令和2年4月1日－令和3年3月31日) | S100LOKU | 2021-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LOKU,, |

## 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).