# UOKI CO.,LTD.: business model and financials

> Latest period: FY ending Feb 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第41期(2025/03/01－2026/02/28) (S100Y5OG)
> Page: https://vizora.meequs.com/en/company/uoki
> Retrieved: 2026-09-30T18:04:25.920Z

## Company

Uoki, founded in 1985, is a company in Real Estate Development & Leasing listed on TSE Standard. It has 290 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | UOKI CO.,LTD. |
| Ticker | 2683 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/2683.T) |
| Listing | TSE Standard |
| Head office | 神奈川県藤沢市湘南台二丁目10番地5 |
| Representative (per filing) | 代表取締役社長 有吉 美和 |
| Founded | Apr 1985 |
| Share capital | ¥100M |
| Employees (consolidated) | 290 |
| Average salary (parent only) | ¥4.3M |
| Fiscal year end | February |
| Website | www.uoki.co.jp (https://www.uoki.co.jp/) |
| Corporate number | 7021001002448 |
| EDINET | E03365 |
| Industries (Vizora) | Real Estate Development & Leasing, Restaurants & Pubs, Supermarkets |

> Profile source: annual securities report (S100Y5OG, filed 2026-05-22). As of filing

## Five-axis industry profile

Primary industry: Supermarkets (2026-02-28)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 7.8 | 45 |
| Profitability | 15.3 | 49 |
| Cash conversion | 90.4 | 47 |
| Efficiency | 96.9 | 49 |

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 86% of Uoki's sales come from Fresh fish business, with Food and drink business and Real estate business making up much of the rest.
- Out of every ¥100 of sales, about ¥1 is left as operating profit.
- Revenue changed -4.4% from the prior year, operating profit -1.1%.

## Company structure

- Segment revenue mix: Fresh fish business 86.4%、Food and drink business 9.4%、Real estate business 4.2%
- Revenue → net income: ¥9492627000 → ¥30673000
- Net income → operating cash flow: ¥30673000 → ¥421082000（difference ¥390409000）
- Main uses of operating cash flow: CapEx ¥309534000 / dividends ¥23882000 / buybacks ¥35280000
- Change in cash: ¥292312000
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 | ¥9.49B |  |
| Operating income | ¥88.2M | Margin 0.9% |
| Net income | ¥30.7M | Margin 0.3% |
| Free cash flow | ¥111.5M |  |
| Largest business | Fresh fish business | of segment revenue 86.4% |
| Employees (consolidated) | 290 |  |
| EPS | ¥18.91 |  |
| Book value per share | ¥317.96 |  |
| Equity ratio | 29.7% |  |
| Shares outstanding | 2,555,856 |  |
| Treasury shares | 37,100 |  |
| Shareholders | 8,738 |  |
| Average salary (parent only) | ¥4.3M | Filing company only |
| Cash ratio | 32.7% | Cash ÷ revenue 10.5% |
| Vs. industry median margin | -1.9 pp | Supermarkets |
| ROE | 3.8% | Derived from disclosed figures |
| ROA | 1.1% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 13.7× net income
- FY2026, buybacks were 1.5× dividends
- FY2026, one segment accounts for 94% of positive segment profit

## What changed in 5 years

| Metric | FY ending Feb 2021 | FY ending Feb 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥10825627000 | ¥9492627000 | -12.3% |
| Operating income | ¥206981000 | ¥88184000 | -57.4% |
| Operating margin | 1.9% | 0.9% | -1 pp |
| Employees | 348 people | 290 people | -16.7% |
| Cash and equivalents | ¥940930000 | ¥994122000 | +5.7% |

### Change in segment revenue mix

Span: FY ending Feb 2021 → FY ending Feb 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 鮮魚事業 → 事業再編・廃止 | 90.0% |
| 飲食事業 → 事業再編・廃止 | 6.2% |
| 不動産事業 → 事業再編・廃止 | 3.8% |
| 新設・再編 → 鮮魚事業 | 86.4% |
| 新設・再編 → 飲食事業 | 9.4% |
| 新設・再編 → 不動産事業 | 4.2% |

Segment revenue source references: 6 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Fresh fish business | 3 years | -2.1% | ¥8199492000 | 7.4% | 2 |
| Food and drink business | 3 years | +1.4% | ¥890777000 | 1.7% | 2 |
| Real estate business | 3 years | +7.2% | ¥402357000 | 5.7% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 9,493 | 100.0% | S100Y5OG |
| Cost of revenue | 5,171 | 54.5% | S100Y5OG |
| Gross profit | 4,321 | 45.5% | S100Y5OG |
| SG&A | 4,233 | 44.6% | S100Y5OG |
| Operating income | 88 | 0.9% | S100Y5OG |
| Ordinary income | 90 | 0.9% | S100Y5OG |
| Pretax income | 50 | 0.5% | S100Y5OG |
| Income tax | 20 | 0.2% | S100Y5OG |
| Net income | 31 | 0.3% | S100Y5OG |
| Net income attributable to owners | 31 | 0.3% | S100Y5OG |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 54 |
| SG&A | 45 |
| Operating income | 1 |
| (Ref.) Net income | 0 |

### Margin funnel

Gross margin 45.5% → Operating margin 0.9% → Net margin 0.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit down
Revenue growth: -4.4%; Core profit growth: -1.1%
Operating leverage (core profit growth ÷ revenue growth): 0.25×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 9,934 | 9,493 | -441 | -4.4% |
| Gross profit | 4,450 | 4,321 | -129 | -2.9% |
| Operating income | 89 | 88 | -1 | -1.1% |
| Net income attributable to owners | 31 | 31 | -1 | -1.8% |
| Operating cash flow | 89 | 421 | 332 | +371.3% |
| Free cash flow | -91 | 112 | 203 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Feb 2020 | 11,785 | 113 | 1.0% | 52 | 518 | 458 | S100LF5F |
| FY ending Feb 2021 | 10,826 | 207 | 1.9% | 200 | 157 | 99 | S100O4ST |
| FY ending Feb 2022 | 11,042 | 222 | 2.0% | 218 | 213 | 112 | S100QTRR |
| FY ending Feb 2023 | 9,906 | 6 | 0.1% | 7 | -172 | -222 | S100THSL |
| FY ending Feb 2024 | 9,856 | 72 | 0.7% | 42 | 329 | 234 | S100VT25 |
| FY ending Feb 2025 | 9,934 | 89 | 0.9% | 31 | 89 | -91 | S100Y5OG |
| FY ending Feb 2026 | 9,493 | 88 | 0.9% | 31 | 421 | 112 | S100Y5OG |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥32.7M |
| Operating income per employee (consolidated) | ¥304.1K |
| Net income per employee (consolidated) | ¥105.8K |

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

| History | FY ending Feb 2022 | FY ending Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 346 | 325 | 322 | 318 | 290 |
| Average salary (parent company) | ¥4.3M | ¥4.3M | ¥4.6M | ¥4.4M | ¥4.3M |
| Average age (parent company) | 46.0 years | 46.0 years | 46.0 years | 45.0 years | 44.0 years |
| Average tenure (parent company) | 15.0 years | 15.0 years | 16.0 years | 16.0 years | 15.0 years |

Year over year: Employees (consolidated) -8.8% · Revenue (consolidated) -4.4%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Fresh fish business | 8,199 | 86.4% | 610 | 7.4% |
| Food and drink business | 891 | 9.4% | 15 | 1.7% |
| Real estate business | 402 | 4.2% | 23 | 5.7% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Fresh fish business | 86.4% | 94.2% | 7.8 | 7.4% |
| Food and drink business | 9.4% | 2.3% | -7.1 | 1.7% |
| Real estate business | 4.2% | 3.6% | -0.7 | 5.7% |

Segment → industry: Real estate business → Real Estate Development & Leasing / Food and drink business → Restaurants & Pubs / Fresh fish business → Supermarkets

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 421 | 4.4% | S100Y5OG |
| Capital expenditure | 310 | 3.3% | S100Y5OG |
| Free cash flow | 112 | 1.2% | 算出 |
| Investing cash flow | -343 | -3.6% | S100Y5OG |
| Financing cash flow | 214 | 2.3% | S100Y5OG |
| Dividends paid | 24 | 0.3% | S100Y5OG |
| Share buyback | 35 | 0.4% | S100Y5OG |
| Change in cash | 292 | 3.1% | S100Y5OG |
| Cash and equivalents | 994 | 10.5% | S100Y5OG |

## 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 Feb 2022 | FY ending Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 749 | 581 | 762 | 702 | 994 | S100THSL, S100VT25, S100Y5OG |
| Total assets | 2,151 | 1,983 | 2,153 | 2,302 | 3,041 | S100QTRR, S100THSL, S100VT25, S100Y5OG |
| Net assets | 834 | 823 | 858 | 872 | 903 | S100THSL, S100VT25, S100Y5OG |
| Share capital | 100 | 100 | 100 | 100 | 100 | S100QTRR, S100THSL, S100VT25, S100Y5OG |
| Property, plant and equipment | 228 | 193 | 225 | 317 | 510 | S100QTRR, S100THSL, S100VT25, S100Y5OG |
| Intangible assets excluding goodwill | 24 | 26 | 23 | 18 | 12 | S100QTRR, S100THSL, S100VT25, S100Y5OG |
| Investment securities | 75 | 87 | 114 | 175 | 270 | S100QTRR, S100THSL, S100VT25, S100Y5OG |
| Current assets | 1,445 | 1,309 | 1,435 | 1,351 | 1,774 | S100QTRR, S100THSL, S100VT25, S100Y5OG |
| Current liabilities | 1,040 | 923 | 1,045 | 979 | 1,680 | S100QTRR, S100THSL, S100VT25, S100Y5OG |
| Short-term borrowings | 50 | 200 | 200 | 200 | 487 | S100QTRR, S100THSL, S100VT25, S100Y5OG |
| Long-term borrowings | 136 | 97 | 117 | 306 | 281 | S100QTRR, S100THSL, S100VT25, S100Y5OG |
| Total liabilities | 1,317 | 1,160 | 1,295 | 1,430 | 2,138 | S100QTRR, S100THSL, S100VT25, S100Y5OG |
| Equity attributable to owners of parent | 821 | 802 | 818 | 824 | 794 | S100QTRR, S100THSL, S100VT25, S100Y5OG |
| Retained earnings | 480 | 461 | 478 | 483 | 489 | S100QTRR, S100THSL, S100VT25, S100Y5OG |
| Treasury stock | -6 | -6 | -6 | -6 | -41 | S100QTRR, S100THSL, S100VT25, S100Y5OG |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 33% | S100Y5OG |
| Property, plant and equipment | 17% | S100Y5OG |
| Intangibles and goodwill | 0% | S100Y5OG |
| Investment securities | 9% | S100Y5OG |
| Other assets | 41% | S100Y5OG |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 70% | S100Y5OG |
| Equity | 30% | S100Y5OG |
| Other liabilities | 0% | S100Y5OG |

### Balance sheet history

| Metric | FY ending Feb 2022 | FY ending Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 2,151 | 1,983 | 2,153 | 2,302 | 3,041 |
| Equity | 834 | 823 | 858 | 872 | 903 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 749 | 581 | 762 | 702 | 994 |

## 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) | 5.4% | S100Y5OG |
| Fixed assets ÷ total assets | 16.8% | S100Y5OG |
| Goodwill ÷ parent equity | — | —, S100Y5OG |

### 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) | 32.7% |
| Cash ÷ revenue | 10.5% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 477.5% |
| Cash vs. profit gap | 390 JPY mn (of net income 1272.8%) |
| Shareholder returns / net income | 192.9% |
| Shareholder returns / FCF | 53.0% |
| Shareholder payments — dividends / net income | 77.9% |
| Shareholder payments — dividends / FCF | 21.4% |
| CapEx intensity (capex ÷ revenue) | 3.3% |
| Investing CF relative to operating CF | 81.5% |

## 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 | 2.0% | 5.13× | 10.2% | 2.62× | 26.6% | S100QTRR |
| 2023 | 0.1% | 4.79× | 0.3% | 2.55× | 0.8% | S100THSL |
| 2024 | 0.4% | 4.77× | 2.0% | 2.55× | 5.2% | S100VT25 |
| 2025 | 0.3% | 4.46× | 1.4% | 2.71× | 3.8% | S100Y5OG |
| 2026 | 0.3% | 3.55× | 1.1% | 3.30× | 3.8% | S100Y5OG |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 有吉 和枝 | Major shareholder | 15.6% | 2026-02-28 |
| 有限会社フォー・エム | Major shareholder | 13.5% | 2026-02-28 |
| 有吉 美和 | Major shareholder | 4.8% | 2026-02-28 |
| ＵＯＫＩ社員持株会 | Major shareholder | 2.1% | 2026-02-28 |
| 株式会社万城食品 | Major shareholder | 1.1% | 2026-02-28 |
| 株式会社横浜銀行（常任代理人 株式会社日本カストディ銀行） | Major shareholder | 1.1% | 2026-02-28 |
| 福田 次起 | Major shareholder | 0.6% | 2026-02-28 |
| 有吉 充騎 | Major shareholder | 0.5% | 2026-02-28 |
| 有吉 正騎 | Major shareholder | 0.5% | 2026-02-28 |
| 株式会社静岡産業社 | Major shareholder | 0.5% | 2026-02-28 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第41期(2025/03/01－2026/02/28) | S100Y5OG | 2026-05-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Y5OG,, |
| 有価証券報告書－第40期(2024/03/01－2025/02/28) | S100VT25 | 2025-05-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VT25,, |
| 有価証券報告書－第39期(2023/03/01－2024/02/29) | S100THSL | 2024-05-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100THSL,, |
| 有価証券報告書－第38期(2022/03/01－2023/02/28) | S100QTRR | 2023-05-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QTRR,, |
| 有価証券報告書－第37期(令和3年3月1日－令和4年2月28日) | S100O4ST | 2022-05-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100O4ST,, |
| 有価証券報告書－第36期(令和2年3月1日－令和3年2月28日) | S100LF5F | 2021-05-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LF5F,, |

## 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).