# TOYO SUISAN KAISHA, 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78期(2025/04/01－2026/03/31) (S100YDW0)
> Page: https://vizora.meequs.com/en/company/toyo-suisan-kaisha
> Retrieved: 2026-09-30T19:58:20.832Z

## Company

Toyo Suisan Kaisha, founded in 1953, is a company in Processed Foods listed on TSE Prime. It has 4,717 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | TOYO SUISAN KAISHA, LTD. |
| Ticker | 2875 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/2875.T) |
| Listing | TSE Prime |
| Head office | 東京都港区港南二丁目13番40号 |
| Representative (per filing) | 代表取締役社長 住本 憲隆 |
| Founded | Mar 1953 |
| Share capital | ¥19B |
| Employees (consolidated) | 4,717 |
| Average salary (parent only) | ¥7M |
| Fiscal year end | March |
| Website | www.maruchan.co.jp (https://www.maruchan.co.jp/) |
| Corporate number | 2010401020321 |
| EDINET | E00461 |
| Industries (Vizora) | Processed Foods, Fisheries, Warehouses & Logistics Facilities |

> Profile source: annual securities report (S100YDW0, filed 2026-06-19). As of filing

## Five-axis industry profile

Primary industry: Processed Foods (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 84.8 | 56 |
| Profitability | 95.8 | 60 |
| Cash conversion | 32.5 | 57 |
| Efficiency | 25.8 | 60 |

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 46% of Toyo Suisan Kaisha's sales come from Overseas Instant Noodles, with Domestic Instant Noodles and Frozen and Refrigerated Foods making up much of the rest.
- Out of every ¥100 of sales, about ¥16 is left as operating profit.
- Revenue changed +4.8% from the prior year, operating profit +12.1%.

## Company structure

- Segment revenue mix: Overseas Instant Noodles 46.2%、Domestic Instant Noodles 19.5%、Frozen and Refrigerated Foods 11.5%、Other 7.5%、Seafood 6.1%
- Revenue → net income: ¥536636000000 → ¥70481000000
- Net income → operating cash flow: ¥70481000000 → ¥85161000000（difference ¥14680000000）
- Main uses of operating cash flow: CapEx ¥46250000000 / dividends ¥19855000000 / buybacks ¥23502000000
- Change in cash: ¥-3694000000
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 | ¥536.6B |  |
| Operating income | ¥85.8B | Margin 16.0% |
| Net income | ¥70.2B | Margin 13.1% |
| Free cash flow | ¥38.9B |  |
| Largest business | Overseas Instant Noodles | of segment revenue 46.2% |
| Employees (consolidated) | 4,717 |  |
| EPS | ¥522.01 |  |
| Book value per share | ¥2556.36 |  |
| Equity ratio | 82.6% |  |
| Shares outstanding | 110,881,044 |  |
| Treasury shares | 13,711,600 |  |
| Shareholders | 12,935 |  |
| Average salary (parent only) | ¥7M | Filing company only |
| Cash ratio | 5.6% | Cash ÷ revenue 6.7% |
| Vs. industry median margin | +12 pp | Processed Foods |
| ROE | 16.2% | Derived from disclosed figures |
| ROA | 11.3% | Derived from disclosed figures |

## Notable figures

- FY2026, buybacks were 1.2× dividends
- FY2026, one segment accounts for 73% of positive segment profit
- FY2026, segment profit share differs by 27 points

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥340841000000 | ¥536636000000 | +57.4% |
| Operating income | ¥36460000000 | ¥85799000000 | +135.3% |
| Operating margin | 10.7% | 16.0% | +5.3 pp |
| Employees | 4,880 people | 4,717 people | -3.3% |
| Cash and equivalents | ¥32832000000 | ¥35687000000 | +8.7% |

### 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 |
| --- | ---: |
| 水産食品事業 → 水産食品事業 | 6.1% |
| 水産食品事業 → 事業再編・廃止 | 1.2% |
| 海外即席麺事業 → 海外即席麺事業 | 27.6% |
| 国内即席麺事業 → 国内即席麺事業 | 19.5% |
| 国内即席麺事業 → 事業再編・廃止 | 8.7% |
| 低温食品事業 → 低温食品事業 | 11.5% |
| 低温食品事業 → 事業再編・廃止 | 4.0% |
| 加工食品事業 → 加工食品事業 | 4.4% |
| 加工食品事業 → 事業再編・廃止 | 1.1% |
| 冷蔵事業 → 冷蔵事業 | 4.9% |
| 冷蔵事業 → 事業再編・廃止 | 1.3% |
| その他 → その他 | 7.5% |
| その他 → 事業再編・廃止 | 2.4% |
| 新設・再編 → 海外即席麺事業 | 18.7% |

Segment revenue source references: 14 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Overseas Instant Noodles | 5 years | +21.4% | ¥248153000000 | 25.6% | 2 |
| Domestic Instant Noodles | 5 years | +1.7% | ¥104423000000 | 10.0% | 2 |
| Frozen and Refrigerated Foods | 5 years | +3.2% | ¥61543000000 | 13.2% | 2 |
| Other | 5 years | +3.5% | ¥40080000000 | 2.4% | 2 |
| Seafood | 5 years | +5.6% | ¥32738000000 | 4.5% | 2 |
| Cold Storage | 5 years | +4.5% | ¥26318000000 | 10.7% | 2 |
| Processed Foods | 5 years | +4.6% | ¥23378000000 | -1.9% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 536,636 | 100.0% | S100YDW0 |
| Cost of revenue | 371,626 | 69.3% | S100YDW0 |
| Gross profit | 165,009 | 30.7% | S100YDW0 |
| SG&A | 79,209 | 14.8% | S100YDW0 |
| Operating income | 85,799 | 16.0% | S100YDW0 |
| Ordinary income | 94,050 | 17.5% | S100YDW0 |
| Pretax income | 94,267 | 17.6% | S100YDW0 |
| Income tax | 23,786 | 4.4% | S100YDW0 |
| Net income | 70,481 | 13.1% | S100YDW0 |
| Net income attributable to owners | 70,188 | 13.1% | S100YDW0 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 69 |
| SG&A | 15 |
| Operating income | 16 |
| (Ref.) Net income | 13 |

### Margin funnel

Gross margin 30.7% → Operating margin 16.0% → Net margin 13.1%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +4.8%; Core profit growth: +12.1%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.55×
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 | 512,277 | 536,636 | 24,359 | +4.8% |
| Gross profit | 152,997 | 165,009 | 12,012 | +7.9% |
| Operating income | 76,513 | 85,799 | 9,286 | +12.1% |
| Net income attributable to owners | 63,847 | 70,188 | 6,341 | +9.9% |
| Operating cash flow | 79,866 | 85,161 | 5,295 | +6.6% |
| Free cash flow | 47,727 | 38,911 | -8,816 | -18.5% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 416,031 | 28,348 | 6.8% | 23,379 | 47,692 | 26,564 | S100LN47 |
| FY ending Mar 2021 | 340,841 | 36,460 | 10.7% | 29,070 | 47,783 | 31,483 | S100OC60 |
| FY ending Mar 2022 | 361,495 | 29,737 | 8.2% | 22,414 | 33,293 | 20,328 | S100R0BF |
| FY ending Mar 2023 | 435,786 | 40,330 | 9.3% | 33,126 | 42,031 | 27,709 | S100TTWS |
| FY ending Mar 2024 | 489,013 | 66,696 | 13.6% | 55,653 | 70,497 | 50,983 | S100W6LA |
| FY ending Mar 2025 | 512,277 | 76,513 | 14.9% | 63,847 | 79,866 | 47,727 | S100YDW0 |
| FY ending Mar 2026 | 536,636 | 85,799 | 16.0% | 70,188 | 85,161 | 38,911 | S100YDW0 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥113.8M |
| Operating income per employee (consolidated) | ¥18.2M |
| Net income per employee (consolidated) | ¥14.9M |

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) | 4,839 | 4,745 | 4,738 | 4,696 | 4,717 |
| Average salary (parent company) | ¥6.1M | ¥6.2M | ¥6.4M | ¥7M | ¥7M |
| Average age (parent company) | 40.7 years | 40.9 years | 41.1 years | 41.3 years | 41.7 years |
| Average tenure (parent company) | 15.6 years | 15.9 years | 16.1 years | 16.5 years | 16.8 years |

Year over year: Employees (consolidated) +0.4% · Revenue (consolidated) +4.8%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Seafood | 32,738 | 6.1% | 1,467 | 4.5% |
| Overseas Instant Noodles | 248,153 | 46.2% | 63,607 | 25.6% |
| Domestic Instant Noodles | 104,423 | 19.5% | 10,468 | 10.0% |
| Frozen and Refrigerated Foods | 61,543 | 11.5% | 8,093 | 13.2% |
| Processed Foods | 23,378 | 4.4% | -441 | -1.9% |
| Cold Storage | 26,318 | 4.9% | 2,822 | 10.7% |
| Other | 40,080 | 7.5% | 943 | 2.4% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Seafood | 6.1% | 1.7% | -4.4 | 4.5% |
| Overseas Instant Noodles | 46.2% | 72.8% | 26.5 | 25.6% |
| Domestic Instant Noodles | 19.5% | 12.0% | -7.5 | 10.0% |
| Frozen and Refrigerated Foods | 11.5% | 9.3% | -2.2 | 13.2% |
| Processed Foods | 4.4% | — | — | -1.9% |
| Cold Storage | 4.9% | 3.2% | -1.7 | 10.7% |
| Other | 7.5% | 1.1% | -6.4 | 2.4% |

Loss-making segment (excluded from profit shares): Processed Foods -441 JPY mn

Segment → industry: Processed Foods → Processed Foods / Frozen and Refrigerated Foods → Processed Foods / Domestic Instant Noodles → Processed Foods / Overseas Instant Noodles → Processed Foods / Seafood → Fisheries / Cold Storage → Warehouses & Logistics Facilities

## 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 | 85,161 | 15.9% | S100YDW0 |
| Capital expenditure | 46,250 | 8.6% | S100YDW0 |
| Free cash flow | 38,911 | 7.3% | 算出 |
| Investing cash flow | -45,034 | -8.4% | S100YDW0 |
| Financing cash flow | -43,761 | -8.2% | S100YDW0 |
| Dividends paid | 19,855 | 3.7% | S100YDW0 |
| Share buyback | 23,502 | 4.4% | S100YDW0 |
| Change in cash | -3,694 | -0.7% | S100YDW0 |
| Cash and equivalents | 35,687 | 6.7% | S100YDW0 |

## 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 | 29,351 | 37,567 | 42,066 | 39,381 | 35,687 | S100TTWS, S100W6LA, S100YDW0 |
| Total assets | 454,670 | 497,083 | 570,994 | 594,978 | 642,877 | S100R0BF, S100TTWS, S100W6LA, S100YDW0 |
| Net assets | 367,145 | 404,750 | 474,534 | 493,644 | 543,927 | S100TTWS, S100W6LA, S100YDW0 |
| Share capital | 18,969 | 18,969 | 18,969 | 18,969 | 18,969 | S100R0BF, S100TTWS, S100W6LA, S100YDW0 |
| Property, plant and equipment | 159,195 | 159,922 | 166,863 | 183,599 | 211,099 | S100R0BF, S100TTWS, S100W6LA, S100YDW0 |
| Intangible assets excluding goodwill | 1,311 | 2,553 | 2,648 | 5,580 | 8,330 | S100R0BF, S100TTWS, S100W6LA, S100YDW0 |
| Goodwill | — | — | — | 670 | 598 | S100YDW0 |
| Investment securities | 28,256 | 29,164 | 36,605 | 35,123 | 42,429 | S100R0BF, S100TTWS, S100W6LA, S100YDW0 |
| Current assets | 263,406 | 285,076 | 362,544 | 366,721 | 377,642 | S100R0BF, S100TTWS, S100W6LA, S100YDW0 |
| Current liabilities | 59,038 | 64,648 | 69,846 | 73,300 | 72,310 | S100R0BF, S100TTWS, S100W6LA, S100YDW0 |
| Trade payables | 28,452 | 32,320 | 32,443 | 34,959 | 32,234 | S100R0BF, S100TTWS, S100W6LA, S100YDW0 |
| Short-term borrowings | 378 | 377 | 390 | 442 | 481 | S100R0BF, S100TTWS, S100W6LA, S100YDW0 |
| Total liabilities | 87,525 | 92,332 | 96,460 | 101,333 | 98,950 | S100R0BF, S100TTWS, S100W6LA, S100YDW0 |
| Non-controlling interests | 12,262 | 12,573 | 12,217 | 12,452 | 13,024 | S100R0BF, S100TTWS, S100W6LA, S100YDW0 |
| Equity attributable to owners of parent | 335,901 | 359,833 | 403,228 | 421,151 | 447,984 | S100R0BF, S100TTWS, S100W6LA, S100YDW0 |
| Retained earnings | 302,223 | 326,158 | 369,556 | 411,423 | 461,757 | S100R0BF, S100TTWS, S100W6LA, S100YDW0 |
| Treasury stock | -8,234 | -8,236 | -8,239 | -32,181 | -55,684 | S100R0BF, S100TTWS, S100W6LA, S100YDW0 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 5% | S100YDW0 |
| Property, plant and equipment | 33% | S100YDW0 |
| Intangibles and goodwill | 1% | S100YDW0 |
| Investment securities | 7% | S100YDW0 |
| Other assets | 54% | S100YDW0 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 5% | S100YDW0 |
| Other liabilities | 10% | S100YDW0 |
| Equity | 85% | S100YDW0 |

### 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 | 454,670 | 497,083 | 570,994 | 594,978 | 642,877 |
| Equity | 367,145 | 404,750 | 474,534 | 493,644 | 543,927 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 29,351 | 37,567 | 42,066 | 39,381 | 35,687 |

## 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) | 39.3% | S100YDW0 |
| Fixed assets ÷ total assets | 32.8% | S100YDW0 |
| Goodwill ÷ parent equity | 0.1% | S100YDW0 |

### 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) | 5.6% |
| Cash ÷ revenue | 6.7% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 99.3% |
| Cash vs. profit gap | 14,973 JPY mn (of net income 21.3%) |
| Shareholder returns / net income | 61.8% |
| Shareholder returns / FCF | 111.4% |
| Shareholder payments — dividends / net income | 28.3% |
| Shareholder payments — dividends / FCF | 51.0% |
| CapEx intensity (capex ÷ revenue) | 8.6% |
| Investing CF relative to operating CF | 52.9% |

## 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 | 6.2% | 0.80× | 4.9% | 1.35× | 6.7% | S100R0BF |
| 2023 | 7.6% | 0.92× | 7.0% | 1.37× | 9.5% | S100TTWS |
| 2024 | 11.4% | 0.92× | 10.4% | 1.40× | 14.6% | S100W6LA |
| 2025 | 12.5% | 0.88× | 11.0% | 1.41× | 15.5% | S100YDW0 |
| 2026 | 13.1% | 0.87× | 11.3% | 1.42× | 16.2% | S100YDW0 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行㈱ （信託口） | Major shareholder | 13.4% | 2026-03-31 |
| ㈱日本カストディ銀行（信託口） | Major shareholder | 7.7% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505223 （常任代理人 ㈱みずほ銀行） | Major shareholder | 5.6% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505001 （常任代理人 ㈱みずほ銀行） | Major shareholder | 3.8% | 2026-03-31 |
| 一般財団法人東洋水産財団 | Major shareholder | 3.1% | 2026-03-31 |
| MSCO CUSTOMER SECURITIES （常任代理人 モルガン・スタンレー ＭＵＦＧ証券㈱） | Major shareholder | 2.1% | 2026-03-31 |
| ㈱三井住友銀行 | Major shareholder | 1.8% | 2026-03-31 |
| NHGGP CO-INVESTMENT A L.P. （常任代理人 ㈱三菱UFJ銀行） | Major shareholder | 1.7% | 2026-03-31 |
| ㈱榎本武平商店 | Major shareholder | 1.7% | 2026-03-31 |
| HSBC-FUND SERVICES HSBC - 006 MF EFM （常任代理人 香港上海銀行） | Major shareholder | 1.4% | 2026-03-31 |

## AI commentary（text by AI; the tables above are authoritative、claude-code）

- Revenue for the FY ending Mar 2026 was ¥536.6B, up from ¥512.3B (+4.8%).
- Profit grew faster than sales: operating income rose from ¥76.5B to ¥85.8B (+12.1%), and net income from ¥63.8B to ¥70.2B (+9.9%).
- Operating cash flow increased to ¥85.2B (+6.6%), but capital expenditure of ¥46.3B pulled free cash flow down to ¥38.9B (-18.5%).

### Drivers

- Most of the sales growth came from overseas instant noodles, where price increases in the US and Mexico were followed by continued sales growth.
- Higher material costs overseas, from the shift to paper cups and pricier imported ingredients, were offset mainly by those price increases.
- In Japan, the Japanese-style cup noodle series and Maruchan Yakisoba sold well, and lower advertising costs helped lift segment profit.

### Risks

- Subsidiaries in the US and Mexico carry a large weight, so sharp currency swings could hurt results.
- Continued global inflation could push up the cost of materials and labor.
- Price increases to cover higher costs could reduce the volume of products sold.

Cited: Annual securities report (FY ending Mar 2026) (Management's analysis of financial position, operating results and cash flows); Annual securities report (FY ending Mar 2026) (Business risks)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第78期(2025/04/01－2026/03/31) | S100YDW0 | 2026-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YDW0,, |
| 有価証券報告書－第77期(2024/04/01－2025/03/31) | S100W6LA | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W6LA,, |
| 有価証券報告書－第76期(2023/04/01－2024/03/31) | S100TTWS | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TTWS,, |
| 有価証券報告書－第75期(2022/04/01－2023/03/31) | S100R0BF | 2023-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R0BF,, |
| 有価証券報告書－第74期(令和3年4月1日－令和4年3月31日) | S100OC60 | 2022-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OC60,, |
| 有価証券報告書－第73期(令和2年4月1日－令和3年3月31日) | S100LN47 | 2021-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LN47,, |

## 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).