# TANAKA 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65期(2025/04/01－2026/03/31) (S100YDHJ)
> Page: https://vizora.meequs.com/en/company/tanaka
> Retrieved: 2026-09-30T17:58:18.625Z

## Company

Tanaka, founded in 1962, is a company in Specialty Trading & Wholesale listed on TSE Standard. It has 455 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | TANAKA CO.,LTD. |
| Ticker | 7619 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7619.T) |
| Listing | TSE Standard |
| Head office | 東京都品川区南大井三丁目2番2号 |
| Representative (per filing) | 代表取締役社長 安部 安生 |
| Founded | Dec 1962 |
| Share capital | ¥1.07B |
| Employees (consolidated) | 455 |
| Average salary (parent only) | ¥5.3M |
| Fiscal year end | March |
| Website | www.tanakashoji.co.jp (https://www.tanakashoji.co.jp/) |
| Corporate number | 8010701005900 |
| EDINET | E02902 |
| Industries (Vizora) | Specialty Trading & Wholesale |

> Profile source: annual securities report (S100YDHJ, filed 2026-06-22). As of filing

## Five-axis industry profile

Primary industry: Specialty Trading & Wholesale (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 69 | 179 |
| Profitability | 54.3 | 185 |
| Cash conversion | 17.6 | 179 |
| Efficiency | 43.5 | 185 |

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)

- Tanaka brought in ¥44B in revenue.
- Out of every ¥100 of sales, about ¥3 is left as operating profit.
- Revenue changed +6.3% from the prior year, operating profit +10.7%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥44048218000 → ¥934572000
- Net income → operating cash flow: ¥934572000 → ¥460809000（difference ¥-473763000）
- Main uses of operating cash flow: CapEx ¥380553000 / dividends ¥242717000 / buybacks ¥8000
- Change in cash: ¥-170304000
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 | ¥44B |  |
| Operating income | ¥1.35B | Margin 3.1% |
| Net income | ¥934.6M | Margin 2.1% |
| Free cash flow | ¥80.3M |  |
| Employees (consolidated) | 455 |  |
| EPS | ¥112.46 |  |
| Book value per share | ¥1906.36 |  |
| Equity ratio | 50.7% |  |
| Shares outstanding | 8,832,000 |  |
| Treasury shares | 685,600 |  |
| Shareholders | 3,040 |  |
| Average salary (parent only) | ¥5.3M | Filing company only |
| Cash ratio | 9.4% | Cash ÷ revenue 6.6% |
| Vs. industry median margin | +0.2 pp | Specialty Trading & Wholesale |
| ROE | 6.2% | Derived from disclosed figures |
| ROA | 3.1% | Derived from disclosed figures |

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥30737481000 | ¥44048218000 | +43.3% |
| Operating income | ¥1031305000 | ¥1351208000 | +31.0% |
| Operating margin | 3.4% | 3.1% | -0.3 pp |
| Employees | 414 people | 455 people | +9.9% |
| Cash and equivalents | ¥1947317000 | ¥2905122000 | +49.2% |

### 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 | 44,048 | 100.0% | S100YDHJ |
| Cost of revenue | 37,498 | 85.1% | S100YDHJ |
| Gross profit | 6,550 | 14.9% | S100YDHJ |
| SG&A | 5,199 | 11.8% | S100YDHJ |
| Operating income | 1,351 | 3.1% | S100YDHJ |
| Ordinary income | 1,385 | 3.1% | S100YDHJ |
| Pretax income | 1,426 | 3.2% | S100YDHJ |
| Income tax | 491 | 1.1% | S100YDHJ |
| Net income | 935 | 2.1% | S100YDHJ |
| Net income attributable to owners | 935 | 2.1% | S100YDHJ |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 85 |
| SG&A | 12 |
| Operating income | 3 |
| (Ref.) Net income | 2 |

### Margin funnel

Gross margin 14.9% → Operating margin 3.1% → Net margin 2.1%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +6.3%; Core profit growth: +10.7%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.71×
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 | 41,452 | 44,048 | 2,596 | +6.3% |
| Gross profit | 6,204 | 6,550 | 346 | +5.6% |
| Operating income | 1,221 | 1,351 | 130 | +10.7% |
| Net income attributable to owners | 878 | 935 | 57 | +6.4% |
| Operating cash flow | 329 | 461 | 132 | +40.1% |
| Free cash flow | -371 | 80 | 451 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 32,430 | 1,226 | 3.8% | 862 | 381 | 200 | S100LRV0 |
| FY ending Mar 2021 | 30,737 | 1,031 | 3.4% | 691 | 1,089 | 806 | S100OGKK |
| FY ending Mar 2022 | 33,083 | 1,052 | 3.2% | 699 | 1,090 | 993 | S100R3AR |
| FY ending Mar 2023 | 35,707 | 1,070 | 3.0% | 976 | 616 | -231 | S100TV9B |
| FY ending Mar 2024 | 41,777 | 1,601 | 3.8% | 1,177 | 2,510 | 1,555 | S100W38F |
| FY ending Mar 2025 | 41,452 | 1,221 | 2.9% | 878 | 329 | -371 | S100YDHJ |
| FY ending Mar 2026 | 44,048 | 1,351 | 3.1% | 935 | 461 | 80 | S100YDHJ |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥96.8M |
| Operating income per employee (consolidated) | ¥3M |
| Net income per employee (consolidated) | ¥2.1M |

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 | 437 | 442 | 441 | 455 |
| Average salary (parent company) | ¥4.6M | ¥5.2M | ¥5.3M | ¥5.9M | ¥5.3M |
| Average age (parent company) | 38.9 years | 39.3 years | 39.7 years | 39.9 years | 39.4 years |
| Average tenure (parent company) | 13.2 years | 13.3 years | 13.6 years | 13.6 years | 13.4 years |

Year over year: Employees (consolidated) +3.2% · Revenue (consolidated) +6.3%

## 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 | 461 | 1.0% | S100YDHJ |
| Capital expenditure | 381 | 0.9% | S100YDHJ |
| Free cash flow | 80 | 0.2% | 算出 |
| Investing cash flow | -279 | -0.6% | S100YDHJ |
| Financing cash flow | -352 | -0.8% | S100YDHJ |
| Dividends paid | 243 | 0.6% | S100YDHJ |
| Share buyback | 0 | 0.0% | S100YDHJ |
| Change in cash | -170 | -0.4% | S100YDHJ |
| Cash and equivalents | 2,905 | 6.6% | S100YDHJ |

## 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 | 2,302 | 2,747 | 4,196 | 3,075 | 2,905 | S100TV9B, S100W38F, S100YDHJ |
| Total assets | 25,242 | 27,672 | 31,097 | 29,472 | 30,862 | S100R3AR, S100TV9B, S100W38F, S100YDHJ |
| Net assets | 12,742 | 13,559 | 14,189 | 14,890 | 15,645 | S100TV9B, S100W38F, S100YDHJ |
| Share capital | 1,073 | 1,073 | 1,073 | 1,073 | 1,073 | S100R3AR, S100TV9B, S100W38F, S100YDHJ |
| Property, plant and equipment | 10,410 | 10,540 | 10,980 | 11,118 | 10,932 | S100R3AR, S100TV9B, S100W38F, S100YDHJ |
| Intangible assets excluding goodwill | 190 | 281 | 637 | 544 | 450 | S100R3AR, S100TV9B, S100W38F, S100YDHJ |
| Goodwill | 140 | 100 | 60 | 20 | — | S100R3AR, S100TV9B, S100W38F, S100YDHJ |
| Current assets | 13,350 | 15,373 | 18,004 | 16,371 | 18,073 | S100R3AR, S100TV9B, S100W38F, S100YDHJ |
| Current liabilities | 10,358 | 11,897 | 14,675 | 12,463 | 13,057 | S100R3AR, S100TV9B, S100W38F, S100YDHJ |
| Trade payables | 5,389 | 6,346 | 8,339 | 7,328 | 7,903 | S100R3AR, S100TV9B, S100W38F, S100YDHJ |
| Short-term borrowings | 3,800 | 4,100 | 4,400 | 4,030 | 3,900 | S100R3AR, S100TV9B, S100W38F, S100YDHJ |
| Long-term borrowings | 40 | 10 | — | — | 21 | S100R3AR, S100TV9B, S100YDHJ |
| Bonds | 21 | 14 | 7 | — | — | S100R3AR, S100TV9B, S100W38F |
| Interest-bearing debt | 3,861 | 4,124 | — | — | — | 算出 |
| Total liabilities | 12,500 | 14,113 | 16,908 | 14,582 | 15,217 | S100R3AR, S100TV9B, S100W38F, S100YDHJ |
| Equity attributable to owners of parent | 12,778 | 13,567 | 14,149 | 14,751 | 15,485 | S100R3AR, S100TV9B, S100W38F, S100YDHJ |
| Retained earnings | 11,022 | 11,783 | 12,706 | 13,262 | 13,954 | S100R3AR, S100TV9B, S100W38F, S100YDHJ |
| Treasury stock | -268 | -240 | -585 | -539 | -499 | S100R3AR, S100TV9B, S100W38F, S100YDHJ |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 9% | S100YDHJ |
| Property, plant and equipment | 35% | S100YDHJ |
| Intangibles and goodwill | 2% | S100YDHJ |
| Other assets | 54% | S100YDHJ |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 25% | S100YDHJ |
| Other liabilities | 24% | S100YDHJ |
| Equity | 51% | S100YDHJ |

### 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 | 25,242 | 27,672 | 31,097 | 29,472 | 30,862 |
| Equity | 12,742 | 13,559 | 14,189 | 14,890 | 15,645 |
| Interest-bearing debt | 3,861 | 4,124 | — | — | — |
| Cash | 2,302 | 2,747 | 4,196 | 3,075 | 2,905 |

## 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) | 24.8% | S100YDHJ |
| Fixed assets ÷ total assets | 35.4% | S100YDHJ |
| Goodwill ÷ parent equity | — | —, S100YDHJ |

### 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) | 9.4% |
| Cash ÷ revenue | 6.6% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 34.1% |
| Cash vs. profit gap | -474 JPY mn (of net income -50.7%) |
| Shareholder returns / net income | 26.0% |
| Shareholder returns / FCF | 302.4% |
| Shareholder payments — dividends / net income | 26.0% |
| Shareholder payments — dividends / FCF | 302.4% |
| CapEx intensity (capex ÷ revenue) | 0.9% |
| Investing CF relative to operating CF | 60.5% |

## 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 | 2.1% | 1.31× | 2.8% | 1.98× | 5.5% | S100R3AR |
| 2023 | 2.7% | 1.35× | 3.7% | 2.01× | 7.4% | S100TV9B |
| 2024 | 2.8% | 1.42× | 4.0% | 2.12× | 8.5% | S100W38F |
| 2025 | 2.1% | 1.37× | 2.9% | 2.10× | 6.1% | S100YDHJ |
| 2026 | 2.1% | 1.46× | 3.1% | 2.00× | 6.2% | S100YDHJ |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 河合 宏美 | Major shareholder | 16.3% | 2026-03-31 |
| 河合 きよ子 | Major shareholder | 12.8% | 2026-03-31 |
| トウテック株式会社 | Major shareholder | 5.1% | 2026-03-31 |
| 田中商事従業員持株会 | Major shareholder | 4.2% | 2026-03-31 |
| 内藤 征吾 | Major shareholder | 3.2% | 2026-03-31 |
| 株式会社小泉 | Major shareholder | 2.6% | 2026-03-31 |
| 森田 健 | Major shareholder | 1.4% | 2026-03-31 |
| 小寺 武治 | Major shareholder | 1.3% | 2026-03-31 |
| 吉田 政功 | Major shareholder | 1.3% | 2026-03-31 |
| 降幡 光宏 | Major shareholder | 1.2% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第65期(2025/04/01－2026/03/31) | S100YDHJ | 2026-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YDHJ,, |
| 有価証券報告書－第64期(2024/04/01－2025/03/31) | S100W38F | 2025-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W38F,, |
| 有価証券報告書－第63期(2023/04/01－2024/03/31) | S100TV9B | 2024-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TV9B,, |
| 有価証券報告書－第62期(2022/04/01－2023/03/31) | S100R3AR | 2023-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R3AR,, |
| 有価証券報告書－第61期(令和3年4月1日－令和4年3月31日) | S100OGKK | 2022-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OGKK,, |
| 有価証券報告書－第60期(令和2年4月1日－令和3年3月31日) | S100LRV0 | 2021-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LRV0,, |

## 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).