# TOKYO KIKAI SEISAKUSHO,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169期(2025/04/01－2026/03/31) (S100YI7P)
> Page: https://vizora.meequs.com/en/company/tokyo-kikai-seisakusho
> Retrieved: 2026-09-30T19:58:26.897Z

## Company

Tokyo Kikai Seisakusho, founded in 1888, is a company in Industrial Machinery listed on TSE Standard. It has 303 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | TOKYO KIKAI SEISAKUSHO,LTD. |
| Ticker | 6335 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6335.T) |
| Listing | TSE Standard |
| Head office | 東京都港区三田三丁目11番36号 |
| Representative (per filing) | 代表取締役社長 都並 清史 |
| Founded | Aug 1888 |
| Share capital | ¥4.43B |
| Employees (consolidated) | 303 |
| Average salary (parent only) | ¥7.4M |
| Fiscal year end | March |
| Website | www.tks-net.co.jp (https://www.tks-net.co.jp/) |
| Corporate number | 9010401020496 |
| EDINET | E01539 |
| Industries (Vizora) | Industrial Machinery |

> Profile source: annual securities report (S100YI7P, filed 2026-06-24). As of filing

## Five-axis industry profile

Primary industry: Industrial Machinery (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 4.1 | 110 |
| Profitability | 53.7 | 122 |
| Cash conversion | 65.9 | 116 |
| Efficiency | 13.5 | 122 |

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)

- Tokyo Kikai Seisakusho brought in ¥8.46B in revenue.
- Out of every ¥100 of sales, about ¥9 is left as operating profit.
- Revenue changed +14.3% from the prior year, operating profit +12.5%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥8456743000 → ¥1109208000
- Net income → operating cash flow: ¥1109208000 → ¥1078668000（difference ¥-30540000）
- Main uses of operating cash flow: CapEx ¥387985000 / dividends ¥2000 / buybacks ¥302000
- Change in cash: ¥742562000
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 | ¥8.46B |  |
| Operating income | ¥721.6M | Margin 8.5% |
| Net income | ¥1.06B | Margin 12.5% |
| Free cash flow | ¥690.7M |  |
| Employees (consolidated) | 303 |  |
| EPS | ¥117.32 |  |
| Book value per share | ¥822.63 |  |
| Equity ratio | 58.4% |  |
| Shares outstanding | 8,728,920 |  |
| Treasury shares | 656,000 |  |
| Shareholders | 3,993 |  |
| Average salary (parent only) | ¥7.4M | Filing company only |
| Cash ratio | 51.7% | Cash ÷ revenue 97.9% |
| Vs. industry median margin | +1 pp | Industrial Machinery |
| ROE | 12.4% | Derived from disclosed figures |
| ROA | 6.9% | Derived from disclosed figures |

## Notable figures

- FY2026, buybacks were 151.0× dividends
- FY2026, cash is 52% of total assets
- FY2026, parent-company salary changed +33% over five years

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥10897552000 | ¥8456743000 | -22.4% |
| Operating income | ¥141751000 | ¥721562000 | +409.0% |
| Operating margin | 1.3% | 8.5% | +7.2 pp |
| Employees | 403 people | 303 people | -24.8% |
| Cash and equivalents | ¥3317021000 | ¥8276502000 | +149.5% |

### 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 | 8,457 | 100.0% | S100YI7P |
| Cost of revenue | 6,424 | 76.0% | S100YI7P |
| Gross profit | 2,033 | 24.0% | S100YI7P |
| SG&A | 1,312 | 15.5% | S100YI7P |
| Operating income | 722 | 8.5% | S100YI7P |
| Ordinary income | 777 | 9.2% | S100YI7P |
| Pretax income | 1,136 | 13.4% | S100YI7P |
| Income tax | 27 | 0.3% | S100YI7P |
| Net income | 1,109 | 13.1% | S100YI7P |
| Net income attributable to owners | 1,057 | 12.5% | S100YI7P |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 76 |
| SG&A | 15 |
| Operating income | 9 |
| (Ref.) Net income | 13 |

### Margin funnel

Gross margin 24.0% → Operating margin 8.5% → Net margin 12.5%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +14.3%; Core profit growth: +12.5%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): 0.88×
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 | 7,402 | 8,457 | 1,055 | +14.3% |
| Gross profit | 1,888 | 2,033 | 145 | +7.7% |
| Operating income | 641 | 722 | 80 | +12.5% |
| Net income attributable to owners | 346 | 1,057 | 712 | +205.9% |
| Operating cash flow | -870 | 1,079 | 1,949 | — |
| Free cash flow | -980 | 691 | 1,670 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 11,799 | -1,163 | -9.9% | -999 | 35 | -74 | S100LRQM |
| FY ending Mar 2021 | 10,898 | 142 | 1.3% | 300 | -1,698 | -1,785 | S100OI9G |
| FY ending Mar 2022 | 6,859 | -606 | -8.8% | -851 | -2,233 | -2,342 | S100TBF9 |
| FY ending Mar 2023 | 8,770 | 677 | 7.7% | 559 | 5,473 | 5,459 | S100TNDH |
| FY ending Mar 2024 | 9,315 | 615 | 6.6% | -83 | 2,284 | 2,253 | S100W3ZL |
| FY ending Mar 2025 | 7,402 | 641 | 8.7% | 346 | -870 | -980 | S100YI7P |
| FY ending Mar 2026 | 8,457 | 722 | 8.5% | 1,057 | 1,079 | 691 | S100YI7P |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥27.9M |
| Operating income per employee (consolidated) | ¥2.4M |
| Net income per employee (consolidated) | ¥3.5M |

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) | 305 | 290 | 293 | 286 | 303 |
| Average salary (parent company) | ¥5.5M | ¥6.1M | ¥7.1M | ¥6.6M | ¥7.4M |
| Average age (parent company) | 43.4 years | 44.6 years | 45.3 years | 46.1 years | 45.9 years |
| Average tenure (parent company) | 21.8 years | 23.1 years | 24.2 years | 23.2 years | 23.3 years |

Year over year: Employees (consolidated) +5.9% · Revenue (consolidated) +14.3%

## 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 | 1,079 | 12.8% | S100YI7P |
| Capital expenditure | 388 | 4.6% | S100YI7P |
| Free cash flow | 691 | 8.2% | 算出 |
| Investing cash flow | -322 | -3.8% | S100YI7P |
| Financing cash flow | -14 | -0.2% | S100YI7P |
| Dividends paid | 0 | 0.0% | S100YI7P |
| Share buyback | 0 | 0.0% | S100YI7P |
| Change in cash | 743 | 8.8% | S100YI7P |
| Cash and equivalents | 8,277 | 97.9% | S100YI7P |

## 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 | 2,270 | 6,242 | 8,492 | 7,534 | 8,277 | S100TNDH, S100W3ZL, S100YI7P |
| Total assets | 13,953 | 14,928 | 15,201 | 14,511 | 16,020 | S100TBF9, S100TNDH, S100W3ZL, S100YI7P |
| Net assets | 8,000 | 8,527 | 9,112 | 9,270 | 10,520 | S100TNDH, S100W3ZL, S100YI7P |
| Share capital | 4,435 | 4,435 | 4,435 | 4,435 | 4,435 | S100TBF9, S100TNDH, S100W3ZL, S100YI7P |
| Property, plant and equipment | 2,963 | 2,868 | 2,778 | 2,698 | 2,916 | S100TBF9, S100TNDH, S100W3ZL, S100YI7P |
| Intangible assets excluding goodwill | 14 | 9 | 11 | 35 | 50 | S100TBF9, S100TNDH, S100W3ZL, S100YI7P |
| Investment securities | 256 | 256 | 256 | 256 | 256 | S100TBF9, S100TNDH, S100W3ZL, S100YI7P |
| Current assets | 10,496 | 11,540 | 11,913 | 11,410 | 12,523 | S100TBF9, S100TNDH, S100W3ZL, S100YI7P |
| Current liabilities | 3,050 | 3,624 | 3,584 | 2,745 | 3,286 | S100TBF9, S100TNDH, S100W3ZL, S100YI7P |
| Trade payables | 958 | 1,614 | 1,481 | 650 | 551 | S100TBF9, S100TNDH, S100W3ZL, S100YI7P |
| Short-term borrowings | 1,453 | — | — | — | — | S100TBF9 |
| Total liabilities | 5,952 | 6,401 | 6,089 | 5,241 | 5,500 | S100TBF9, S100TNDH, S100W3ZL, S100YI7P |
| Non-controlling interests | 969 | 992 | 1,035 | 1,109 | 1,159 | S100TBF9, S100TNDH, S100W3ZL, S100YI7P |
| Equity attributable to owners of parent | 7,480 | 8,038 | 7,954 | 8,038 | 9,022 | S100TBF9, S100TNDH, S100W3ZL, S100YI7P |
| Retained earnings | 1,713 | 2,272 | 2,188 | 2,534 | 3,591 | S100TBF9, S100TNDH, S100W3ZL, S100YI7P |
| Treasury stock | -3 | -4 | -4 | -267 | -340 | S100TBF9, S100TNDH, S100W3ZL, S100YI7P |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 52% | S100YI7P |
| Property, plant and equipment | 18% | S100YI7P |
| Intangibles and goodwill | 0% | S100YI7P |
| Investment securities | 2% | S100YI7P |
| Other assets | 28% | S100YI7P |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 3% | S100YI7P |
| Other liabilities | 31% | S100YI7P |
| Equity | 66% | S100YI7P |
| Other liabilities | 0% | S100YI7P |

### 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 | 13,953 | 14,928 | 15,201 | 14,511 | 16,020 |
| Equity | 8,000 | 8,527 | 9,112 | 9,270 | 10,520 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 2,270 | 6,242 | 8,492 | 7,534 | 8,277 |

## 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) | 34.5% | S100YI7P |
| Fixed assets ÷ total assets | 18.2% | S100YI7P |
| Goodwill ÷ parent equity | — | —, S100YI7P |

### 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) | 51.7% |
| Cash ÷ revenue | 97.9% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 149.5% |
| Cash vs. profit gap | 21 JPY mn (of net income 2.0%) |
| Shareholder returns / net income | 0.0% |
| Shareholder returns / FCF | 0.0% |
| Shareholder payments — dividends / net income | 0.0% |
| Shareholder payments — dividends / FCF | 0.0% |
| CapEx intensity (capex ÷ revenue) | 4.6% |
| Investing CF relative to operating CF | 29.9% |

## 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 | — | —× | -6.1% | —× | — | S100TBF9 |
| 2023 | 6.4% | 0.61× | 3.9% | 1.86× | 7.2% | S100TNDH |
| 2024 | — | —× | -0.6% | —× | — | S100W3ZL |
| 2025 | 4.7% | 0.50× | 2.3% | 1.86× | 4.3% | S100YI7P |
| 2026 | 12.5% | 0.55× | 6.9% | 1.79× | 12.4% | S100YI7P |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社読売新聞東京本社 | Major shareholder | 27.0% | 2026-03-31 |
| 大田 昭彦 | Major shareholder | 11.4% | 2026-03-31 |
| 損害保険ジャパン株式会社 | Major shareholder | 6.2% | 2026-03-31 |
| 株式会社三井住友銀行 | Major shareholder | 4.8% | 2026-03-31 |
| 株式会社中日新聞社 | Major shareholder | 2.8% | 2026-03-31 |
| 株式会社みずほ銀行 | Major shareholder | 2.6% | 2026-03-31 |
| 株式会社朝日新聞社 | Major shareholder | 2.3% | 2026-03-31 |
| INTERACTIVE BROKERS LLC（常任代理人 インタラクティブ・ブローカーズ証券株式会社） | Major shareholder | 1.9% | 2026-03-31 |
| 住友生命保険相互会社 | Major shareholder | 1.7% | 2026-03-31 |
| 芝 康平 | Major shareholder | 1.3% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第169期(2025/04/01－2026/03/31) | S100YI7P | 2026-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YI7P,, |
| 有価証券報告書－第168期(2024/04/01－2025/03/31) | S100W3ZL | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W3ZL,, |
| 有価証券報告書－第167期(2023/04/01－2024/03/31) | S100TNDH | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TNDH,, |
| 訂正有価証券報告書－第166期(2022/04/01－2023/03/31) | S100TBF9 | 2024-04-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TBF9,, |
| 有価証券報告書－第165期(令和3年4月1日－令和4年3月31日) | S100OI9G | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OI9G,, |
| 有価証券報告書－第164期(令和2年4月1日－令和3年3月31日) | S100LRQM | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LRQM,, |

## 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).