# UMENOYADO BREWERY CO.,LTD.: business model and financials

> Latest period: FY ending Jun 2026, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第76期(2025/07/01－2026/06/30) (S100Z3LJ)
> Page: https://vizora.meequs.com/en/company/umenoyado-brewery
> Retrieved: 2026-09-30T23:25:36.724Z

## Company

Umenoyado Brewery, founded in 1950, is a company in Alcoholic Beverages listed on TSE Standard. It has 71 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | UMENOYADO BREWERY CO.,LTD. |
| Ticker | 559A |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/559A.T) |
| Listing | TSE Standard |
| Head office | 奈良県葛城市寺口27番地1 |
| Representative (per filing) | 代表取締役社長 吉田佳代(戸籍上の氏名:濱渕佳代) |
| Founded | May 1950 |
| Share capital | ¥30M |
| Employees (consolidated) | 71 |
| Average salary (parent only) | ¥5.5M |
| Fiscal year end | June |
| Website | www.umenoyado.com (https://www.umenoyado.com/) |
| Corporate number | 8150001012402 |
| EDINET | E40689 |
| Industries (Vizora) | Alcoholic Beverages |

> Profile source: annual securities report (S100Z3LJ, filed 2026-09-24). As of filing

## Five-axis industry profile

Primary industry: Alcoholic Beverages (2026-06-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 92.9 | 7 |
| Profitability | 92.9 | 7 |
| Cash conversion | 78.6 | 7 |
| Efficiency | 7.1 | 7 |

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)

- Umenoyado Brewery brought in ¥3.09B in revenue.
- Out of every ¥100 of sales, about ¥15 is left as operating profit.
- Revenue changed +15.1% from the prior year, operating profit +46.8%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥3091141000 → ¥322929000
- Net income → operating cash flow: ¥322929000 → ¥686524000（difference ¥363595000）
- Main uses of operating cash flow: CapEx ¥605657000 / dividends — / buybacks —
- Change in cash: ¥-191207000
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 | ¥3.09B |  |
| Operating income | ¥465.5M | Margin 15.1% |
| Net income | ¥322.9M | Margin 10.4% |
| Free cash flow | ¥80.9M |  |
| Employees (consolidated) | 71 |  |
| EPS | ¥53.61 |  |
| Book value per share | ¥586.79 |  |
| Equity ratio | 55.5% |  |
| Shares outstanding | 6,023,920 |  |
| Shareholders | 5,918 |  |
| Average salary (parent only) | ¥5.5M | Filing company only |
| Cash ratio | 20.8% | Cash ÷ revenue 42.9% |
| Vs. industry median margin | +8.6 pp | Alcoholic Beverages |
| ROE | 9.7% | Derived from disclosed figures |
| ROA | 5.2% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 2.1× net income
- FY2026, employees -1% while operating income rose 47%

## What changed in 1 years

| Metric | FY ending Jun 2025 | FY ending Jun 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥2684862000 | ¥3091141000 | +15.1% |
| Operating income | ¥317017000 | ¥465490000 | +46.8% |
| Operating margin | 11.8% | 15.1% | +3.3 pp |
| Employees | 72 people | 71 people | -1.4% |
| Cash and equivalents | ¥1516017000 | ¥1324810000 | -12.6% |

### Change in segment revenue mix

Span: FY ending Jun 2025 → FY ending Jun 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 3,091 | 100.0% | S100Z3LJ |
| Cost of revenue | 1,357 | 43.9% | S100Z3LJ |
| Gross profit | 1,734 | 56.1% | S100Z3LJ |
| SG&A | 1,269 | 41.0% | S100Z3LJ |
| Operating income | 465 | 15.1% | S100Z3LJ |
| Ordinary income | 444 | 14.4% | S100Z3LJ |
| Pretax income | 442 | 14.3% | S100Z3LJ |
| Income tax | 120 | 3.9% | S100Z3LJ |
| Net income | 323 | 10.4% | S100Z3LJ |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 44 |
| SG&A | 41 |
| Operating income | 15 |
| (Ref.) Net income | 10 |

### Margin funnel

Gross margin 56.1% → Operating margin 15.1% → Net margin 10.4%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +15.1%; Core profit growth: +46.8%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 3.10×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Jun 2025 → FY ending Jun 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 2,685 | 3,091 | 406 | +15.1% |
| Gross profit | 1,495 | 1,734 | 239 | +16.0% |
| Operating income | 317 | 465 | 148 | +46.8% |
| Operating cash flow | 250 | 687 | 436 | +174.3% |
| Free cash flow | 16 | 81 | 65 | +404.5% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jun 2025 | 2,685 | 317 | 11.8% | 242 | 250 | 16 | S100Z3LJ |
| FY ending Jun 2026 | 3,091 | 465 | 15.1% | 323 | 687 | 81 | S100Z3LJ |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥43.5M |
| Operating income per employee (consolidated) | ¥6.6M |
| Net income per employee (consolidated) | ¥4.5M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Jun 2025 | FY ending Jun 2026 |
| --- | ---: | ---: |
| Employees (consolidated) | 72 | 71 |
| Average salary (parent company) | — | ¥5.5M |
| Average age (parent company) | — | 40.8 years |
| Average tenure (parent company) | — | 10.2 years |

Year over year: Employees (consolidated) -1.4% · Revenue (consolidated) +15.1%

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Jun 2026, non-consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 687 | 22.2% | S100Z3LJ |
| Capital expenditure | 606 | 19.6% | S100Z3LJ |
| Free cash flow | 81 | 2.6% | 算出 |
| Investing cash flow | -619 | -20.0% | S100Z3LJ |
| Financing cash flow | -260 | -8.4% | S100Z3LJ |
| Change in cash | -191 | -6.2% | S100Z3LJ |
| Cash and equivalents | 1,325 | 42.9% | S100Z3LJ |

## 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 Jun 2025 | FY ending Jun 2026 | Source |
| --- | ---: | ---: | ---: |
| Cash and equivalents | 1,516 | 1,325 | S100Z3LJ |
| Total assets | 6,061 | 6,368 | S100Z3LJ |
| Net assets | 3,193 | 3,535 | S100Z3LJ |
| Share capital | 30 | 30 | S100Z3LJ |
| Inventories | 911 | 1,004 | S100Z3LJ |
| Property, plant and equipment | 2,929 | 3,322 | S100Z3LJ |
| Intangible assets excluding goodwill | 15 | 8 | S100Z3LJ |
| Investment securities | 50 | 79 | S100Z3LJ |
| Current assets | 2,861 | 2,800 | S100Z3LJ |
| Current liabilities | 558 | 760 | S100Z3LJ |
| Long-term borrowings | 2,236 | 1,999 | S100Z3LJ |
| Total liabilities | 2,868 | 2,834 | S100Z3LJ |
| Equity attributable to owners of parent | 3,184 | 3,507 | S100Z3LJ |
| Retained earnings | 2,255 | 2,578 | S100Z3LJ |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 21% | S100Z3LJ |
| Inventories | 16% | S100Z3LJ |
| Property, plant and equipment | 52% | S100Z3LJ |
| Intangibles and goodwill | 0% | S100Z3LJ |
| Investment securities | 1% | S100Z3LJ |
| Other assets | 10% | S100Z3LJ |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 44% | S100Z3LJ |
| Equity | 56% | S100Z3LJ |
| Other liabilities | 0% | S100Z3LJ |

### Balance sheet history

| Metric | FY ending Jun 2025 | FY ending Jun 2026 |
| --- | ---: | ---: |
| Total assets | 6,061 | 6,368 |
| Equity | 3,193 | 3,535 |
| Interest-bearing debt | — | — |
| Cash | 1,516 | 1,325 |

## 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) | 107.5% | S100Z3LJ |
| Fixed assets ÷ total assets | 52.2% | S100Z3LJ |
| Goodwill ÷ parent equity | — | —, S100Z3LJ |

### 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) | 20.8% |
| Cash ÷ revenue | 42.9% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 147.5% |
| Cash vs. profit gap | 364 JPY mn (of net income 112.6%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 19.6% |
| Investing CF relative to operating CF | 90.2% |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2025 | 9.0% | 0.44× | 4.0% | 1.90× | 7.6% | S100Z3LJ |
| 2026 | 10.4% | 0.50× | 5.2% | 1.86× | 9.7% | S100Z3LJ |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| グッドフィールド・ビーチサイド株式会社 | Major shareholder | 31.3% | 2026-06-30 |
| J-GIA2号投資事業有限責任組合 | Major shareholder | 14.3% | 2026-06-30 |
| 濱渕佳代（吉田佳代） | Major shareholder | 11.3% | 2026-06-30 |
| 梅乃宿酒造持株会 | Major shareholder | 3.6% | 2026-06-30 |
| 株式会社南都銀行 | Major shareholder | 2.8% | 2026-06-30 |
| 株式会社ＮＳＫ | Major shareholder | 2.8% | 2026-06-30 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 2.5% | 2026-06-30 |
| 野村信託銀行株式会社（投信口） | Major shareholder | 1.8% | 2026-06-30 |
| JGⅡ(CAYMAN),L.P.（常任代理人SMBC日興証券株式会社） | Major shareholder | 1.7% | 2026-06-30 |
| 松浪 雄二 | Major shareholder | 1.3% | 2026-06-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第76期(2025/07/01－2026/06/30) | S100Z3LJ | 2026-09-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z3LJ,, |

## 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).