Trusco NakayamaTRUSCO NAKAYAMA CORPORATION9830東証プライム卸売業FY ending Dec 2025, consolidated, J-GAAP

Trusco Nakayama FY ending Dec 2025 results

About 66% of Trusco Nakayama's sales come from Factory route, with E-business route and Home center route making up much of the rest.

Out of every ¥100 of sales, about ¥7 is left as operating profit.

Revenue changed +8.5% from the prior year, operating profit +14.2%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +8.5% · profit +14.2%, calculated from disclosed figures.

Operating leverage: 1.68× (profit growth ÷ revenue growth)

What changed from last year

FY ending Dec 2024 → FY ending Dec 2025

Revenue: +8.5%¥295B → ¥320B
Gross profit: +8.2%¥61.7B → ¥66.7B
Operating income: +14.2%¥20B → ¥22.8B
Net income attributable to owners: -1.3%¥16.1B → ¥15.9B
Operating cash flow: -37.2%¥13B → ¥8.18B
Free cash flow: Loss-¥8.74B → -¥13.7B

Results at a glance

Revenue for FY ending Dec 2025 was ¥320B, up 8.5% from ¥295B.
Operating income grew faster, rising 14.2% to ¥22.8B.
Net income edged down 1.3% to ¥15.9B from ¥16.1B.
Operating cash flow fell 37.2% to ¥8.18B, and free cash flow went further negative, from -¥8.74B to -¥13.7B.

What drove the change

Sales of safety and environmental products and hand tools used in running factories increased. The e-business route grew by linking its product data to customers' systems and shipping directly to end users
SG&A went up because of a base-pay revision and higher housing allowances from July, plus more freight and packing costs as shipments grew
Net income dipped because the prior year included a one-off gain from selling the old Osaka head office. Operating cash flow fell mainly because the company built up inventory

Things to watch

Unexpected swings in the economy, especially in manufacturing, could hurt results
Because the company deliberately holds a lot of stock, a long sales slump could force inventory write-downs
If rivals invest heavily in fast logistics, its quick-delivery edge could narrow

Annual Securities Report, 63rd fiscal year (2025/01/01–2025/12/31) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report, 63rd fiscal year (2025/01/01–2025/12/31) / 事業等のリスク

Where the money goes

FY ending Dec 2024 → FY ending Dec 2025

Where ¥100 of sales goes

For every ¥100 Trusco Nakayama sells, how much goes where, and how much is kept.

FY ending Dec 2025

Cost of sales: ¥79
SG&A: ¥14
Operating profit: ¥7
Net profit kept: ¥5

Annual margin trends

Gross margin20.9%

Operating margin7.1%

Net margin5.0%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Dec 2025

Factory route¥211.2B
66%
Op. margin 7.3%Industry: Specialty Trading & Wholesale
E-business route¥77B
24%
Op. margin 8.9%Industry: Specialty Trading & Wholesale
Home center route¥28.4B
9%
Op. margin 1.0%Industry: Specialty Trading & Wholesale
Oversea¥3.46B
1%
Op. margin 9.0%Industry: Specialty Trading & Wholesale

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第63期(2025/01/01－2025/12/31)
ID S100XRJW2026-03-18Open
EDINET (FSA Japan)
有価証券報告書－第62期(2024/01/01－2024/12/31)
ID S100VH0D2025-03-27Open
EDINET (FSA Japan)
有価証券報告書－第61期(2023/01/01－2023/12/31)
ID S100T4WH2024-03-29Open
EDINET (FSA Japan)
有価証券報告書－第60期(2022/01/01－2022/12/31)
ID S100QGPP2023-03-28Open
EDINET (FSA Japan)
有価証券報告書－第59期(令和3年1月1日－令和3年12月31日)
ID S100NPHR2022-03-23Open
EDINET (FSA Japan)
有価証券報告書－第58期(令和2年1月1日－令和2年12月31日)
ID S100KYW62021-03-22Open

Extracted from XBRL: 49 / Derived from other figures: 1

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