# UORIKI CO.,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42期(2025/04/01－2026/03/31) (S100YGEC)
> Page: https://vizora.meequs.com/en/company/uoriki
> Retrieved: 2026-09-30T18:31:54.392Z

## Company

Uoriki, founded in 1974, is a company in Fisheries listed on TSE Prime. It has 708 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | UORIKI CO.,LTD. |
| Ticker | 7596 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7596.T) |
| Listing | TSE Prime |
| Head office | 東京都立川市曙町二丁目8番3号 |
| Representative (per filing) | 代表取締役社長 黑川 隆英 |
| Founded | Nov 1974 |
| Share capital | ¥1.56B |
| Employees (consolidated) | 708 |
| Average salary (parent only) | ¥6.3M |
| Fiscal year end | March |
| Website | uoriki.co.jp (https://uoriki.co.jp/) |
| Corporate number | 4010101000456 |
| EDINET | E03310 |
| Industries (Vizora) | Fisheries, Real Estate Development & Leasing, Specialty Trading & Wholesale, Restaurants & Pubs |

> Profile source: annual securities report (S100YGEC, filed 2026-06-22). As of filing

## Five-axis industry profile

Primary industry: Fisheries (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 68.2 | 11 |
| Profitability | 59.1 | 11 |
| Cash conversion | 40.9 | 11 |
| Efficiency | 86.4 | 11 |

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 88% of Uoriki's sales come from Retailing business, with Wholesale business and Restaurant business making up much of the rest.
- Out of every ¥100 of sales, about ¥4 is left as operating profit.
- Revenue changed +19.0% from the prior year, operating profit +4.0%.

## Company structure

- Segment revenue mix: Retailing business 87.7%、Wholesale business 8.3%、Restaurant business 3.8%、Other 0.2%
- Revenue → net income: ¥43600368000 → ¥1286621000
- Net income → operating cash flow: ¥1286621000 → ¥807633000（difference ¥-478988000）
- Main uses of operating cash flow: CapEx ¥344399000 / dividends ¥725975000 / buybacks ¥77000
- Change in cash: ¥175286000
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 | ¥43.6B |  |
| Operating income | ¥1.55B | Margin 3.6% |
| Net income | ¥1.3B | Margin 3.0% |
| Free cash flow | ¥463.2M |  |
| Largest business | Retailing business | of segment revenue 87.7% |
| Employees (consolidated) | 708 |  |
| EPS | ¥90.54 |  |
| Book value per share | ¥1296.83 |  |
| Equity ratio | 76.9% |  |
| Shares outstanding | 14,620,000 |  |
| Treasury shares | 662,500 |  |
| Shareholders | 25,374 |  |
| Average salary (parent only) | ¥6.3M | Filing company only |
| Cash ratio | 46.1% | Cash ÷ revenue 25.8% |
| Vs. industry median margin | +0.3 pp | Fisheries |
| ROE | 7.5% | Derived from disclosed figures |
| ROA | 5.5% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 96% of positive segment profit
- FY2026, cash is 46% of total assets
- FY2026, employees -1% while operating income rose 4%

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥32071988000 | ¥43600368000 | +35.9% |
| Operating income | ¥1366983000 | ¥1554130000 | +13.7% |
| Operating margin | 4.3% | 3.6% | -0.7 pp |
| Employees | 501 people | 708 people | +41.3% |
| Cash and equivalents | ¥6121582000 | ¥11261244000 | +84.0% |

### 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 |
| --- | ---: |
| 小売事業 → 小売事業 | 87.7% |
| 小売事業 → 事業再編・廃止 | 1.6% |
| 飲食事業 → 飲食事業 | 1.7% |
| 卸売事業 → 卸売事業 | 8.3% |
| 卸売事業 → 事業再編・廃止 | 0.5% |
| その他 → その他 | 0.2% |
| その他 → 事業再編・廃止 | 0.0% |
| 新設・再編 → 飲食事業 | 2.1% |

Segment revenue source references: 8 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Retailing business | 5 years | +5.9% | ¥38228737000 | 5.1% | 2 |
| Wholesale business | 5 years | +5.1% | ¥3632218000 | 0.8% | 2 |
| Restaurant business | 5 years | +25.3% | ¥1667680000 | 0.7% | 2 |
| Other | 5 years | +1.4% | ¥71732000 | 66.9% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 43,600 | 100.0% | S100YGEC |
| Cost of revenue | 25,759 | 59.1% | S100YGEC |
| Gross profit | 17,842 | 40.9% | S100YGEC |
| SG&A | 16,288 | 37.4% | S100YGEC |
| Operating income | 1,554 | 3.6% | S100YGEC |
| Ordinary income | 2,272 | 5.2% | S100YGEC |
| Pretax income | 1,917 | 4.4% | S100YGEC |
| Income tax | 631 | 1.4% | S100YGEC |
| Net income | 1,287 | 3.0% | S100YGEC |
| Net income attributable to owners | 1,303 | 3.0% | S100YGEC |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 59 |
| SG&A | 37 |
| Operating income | 4 |
| (Ref.) Net income | 3 |

### Margin funnel

Gross margin 40.9% → Operating margin 3.6% → Net margin 3.0%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +19.0%; Core profit growth: +4.0%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): 0.21×
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 | 36,629 | 43,600 | 6,971 | +19.0% |
| Gross profit | 14,863 | 17,842 | 2,979 | +20.0% |
| Operating income | 1,494 | 1,554 | 60 | +4.0% |
| Net income attributable to owners | 1,428 | 1,303 | -125 | -8.8% |
| Operating cash flow | 2,169 | 808 | -1,361 | -62.8% |
| Free cash flow | 1,937 | 463 | -1,474 | -76.1% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 30,709 | 1,142 | 3.7% | 798 | 837 | 448 | S100LVBX |
| FY ending Mar 2021 | 32,072 | 1,367 | 4.3% | 920 | 922 | 276 | S100OG7M |
| FY ending Mar 2022 | 34,128 | 1,452 | 4.3% | 1,009 | 1,759 | 1,254 | S100R6C0 |
| FY ending Mar 2023 | 33,743 | 1,087 | 3.2% | 803 | 1,103 | 953 | S100TTZ0 |
| FY ending Mar 2024 | 36,345 | 1,582 | 4.4% | 1,362 | 1,926 | 1,314 | S100WM1E |
| FY ending Mar 2025 | 36,629 | 1,494 | 4.1% | 1,428 | 2,169 | 1,937 | S100YGEC |
| FY ending Mar 2026 | 43,600 | 1,554 | 3.6% | 1,303 | 808 | 463 | S100YGEC |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥61.6M |
| Operating income per employee (consolidated) | ¥2.2M |
| Net income per employee (consolidated) | ¥1.8M |

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) | 515 | 523 | 547 | 717 | 708 |
| Average salary (parent company) | ¥5.8M | ¥5.7M | ¥6M | ¥6.4M | ¥6.3M |
| Average age (parent company) | 42.0 years | 42.0 years | 42.0 years | 43.0 years | 44.0 years |
| Average tenure (parent company) | 13.0 years | 13.0 years | 13.0 years | 13.0 years | 14.2 years |

Year over year: Employees (consolidated) -1.3% · Revenue (consolidated) +19.0%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Retailing business | 38,229 | 87.7% | 1,955 | 5.1% |
| Restaurant business | 1,668 | 3.8% | 12 | 0.7% |
| Wholesale business | 3,632 | 8.3% | 29 | 0.8% |
| Other | 72 | 0.2% | 48 | 66.9% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Retailing business | 87.7% | 95.6% | 7.9 | 5.1% |
| Restaurant business | 3.8% | 0.6% | -3.2 | 0.7% |
| Wholesale business | 8.3% | 1.4% | -6.9 | 0.8% |
| Other | 0.2% | 2.3% | 2.2 | 66.9% |

Segment → industry: Retailing business → Fisheries / Other → Real Estate Development & Leasing / Wholesale business → Specialty Trading & Wholesale / Restaurant business → Restaurants & Pubs

## 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 | 808 | 1.9% | S100YGEC |
| Capital expenditure | 344 | 0.8% | S100YGEC |
| Free cash flow | 463 | 1.1% | 算出 |
| Investing cash flow | 108 | 0.2% | S100YGEC |
| Financing cash flow | -744 | -1.7% | S100YGEC |
| Dividends paid | 726 | 1.7% | S100YGEC |
| Share buyback | 0 | 0.0% | S100YGEC |
| Change in cash | 175 | 0.4% | S100YGEC |
| Cash and equivalents | 11,261 | 25.8% | S100YGEC |

## 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 | 7,023 | 8,113 | 9,090 | 11,086 | 11,261 | S100TTZ0, S100WM1E, S100YGEC |
| Total assets | 19,507 | 19,688 | 21,398 | 22,963 | 24,433 | S100R6C0, S100TTZ0, S100WM1E, S100YGEC |
| Net assets | 16,180 | 16,333 | 17,250 | 17,747 | 19,003 | S100TTZ0, S100WM1E, S100YGEC |
| Share capital | 1,564 | 1,564 | 1,564 | 1,564 | 1,564 | S100R6C0, S100TTZ0, S100WM1E, S100YGEC |
| Property, plant and equipment | 1,081 | 992 | 1,053 | 1,162 | 1,318 | S100R6C0, S100TTZ0, S100WM1E, S100YGEC |
| Intangible assets excluding goodwill | 21 | 26 | 25 | 32 | 23 | S100R6C0, S100TTZ0, S100WM1E, S100YGEC |
| Investment securities | 6,097 | 5,524 | 5,569 | 5,252 | 4,230 | S100R6C0, S100TTZ0, S100WM1E, S100YGEC |
| Current assets | 10,463 | 11,406 | 12,944 | 14,609 | 15,258 | S100R6C0, S100TTZ0, S100WM1E, S100YGEC |
| Current liabilities | 3,032 | 3,024 | 3,841 | 4,696 | 4,681 | S100R6C0, S100TTZ0, S100WM1E, S100YGEC |
| Trade payables | 1,137 | 1,149 | 1,309 | 1,824 | 2,206 | S100R6C0, S100TTZ0, S100WM1E, S100YGEC |
| Long-term borrowings | — | — | — | 21 | 15 | S100YGEC |
| Total liabilities | 3,327 | 3,356 | 4,148 | 5,216 | 5,429 | S100R6C0, S100TTZ0, S100WM1E, S100YGEC |
| Non-controlling interests | 13 | 15 | 11 | 233 | 213 | S100R6C0, S100TTZ0, S100WM1E, S100YGEC |
| Equity attributable to owners of parent | 15,607 | 15,661 | 16,355 | 17,033 | 17,616 | S100R6C0, S100TTZ0, S100WM1E, S100YGEC |
| Retained earnings | 13,540 | 13,590 | 14,281 | 14,956 | 15,533 | S100R6C0, S100TTZ0, S100WM1E, S100YGEC |
| Treasury stock | -965 | -962 | -961 | -958 | -955 | S100R6C0, S100TTZ0, S100WM1E, S100YGEC |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 46% | S100YGEC |
| Property, plant and equipment | 6% | S100YGEC |
| Intangibles and goodwill | 0% | S100YGEC |
| Investment securities | 17% | S100YGEC |
| Other assets | 31% | S100YGEC |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 9% | S100YGEC |
| Other liabilities | 13% | S100YGEC |
| Equity | 78% | S100YGEC |
| Other liabilities | 0% | S100YGEC |

### 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 | 19,507 | 19,688 | 21,398 | 22,963 | 24,433 |
| Equity | 16,180 | 16,333 | 17,250 | 17,747 | 19,003 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 7,023 | 8,113 | 9,090 | 11,086 | 11,261 |

## 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) | 3.0% | S100YGEC |
| Fixed assets ÷ total assets | 5.4% | S100YGEC |
| Goodwill ÷ parent equity | — | —, S100YGEC |

### 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) | 46.1% |
| Cash ÷ revenue | 25.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 52.0% |
| Cash vs. profit gap | -495 JPY mn (of net income -38.0%) |
| Shareholder returns / net income | 55.7% |
| Shareholder returns / FCF | 156.7% |
| Shareholder payments — dividends / net income | 55.7% |
| Shareholder payments — dividends / FCF | 156.7% |
| CapEx intensity (capex ÷ revenue) | 0.8% |
| Investing CF relative to operating CF | 13.4% |

## 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 | 3.0% | 1.75× | 5.2% | 1.25× | 6.5% | S100R6C0 |
| 2023 | 2.4% | 1.72× | 4.1% | 1.25× | 5.1% | S100TTZ0 |
| 2024 | 3.7% | 1.77× | 6.6% | 1.28× | 8.5% | S100WM1E |
| 2025 | 3.9% | 1.65× | 6.4% | 1.33× | 8.6% | S100YGEC |
| 2026 | 3.0% | 1.84× | 5.5% | 1.37× | 7.5% | S100YGEC |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社山桂 | Major shareholder | 36.7% | 2026-03-31 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 5.3% | 2026-03-31 |
| 株式会社三菱ＵＦＪ銀行 | Major shareholder | 2.9% | 2026-03-31 |
| 株式会社みずほ銀行 | Major shareholder | 1.9% | 2026-03-31 |
| 魚力社員持株会 | Major shareholder | 1.9% | 2026-03-31 |
| 株式会社ヨンキュウ | Major shareholder | 1.8% | 2026-03-31 |
| 三上 和美 | Major shareholder | 1.4% | 2026-03-31 |
| 東都水産株式会社 | Major shareholder | 1.4% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 0.9% | 2026-03-31 |
| 明治安田生命保険相互会社 | Major shareholder | 0.7% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第42期(2025/04/01－2026/03/31) | S100YGEC | 2026-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YGEC,, |
| 有価証券報告書－第41期(2024/04/01－2025/03/31) | S100WM1E | 2025-08-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WM1E,, |
| 有価証券報告書－第40期(2023/04/01－2024/03/31) | S100TTZ0 | 2024-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TTZ0,, |
| 有価証券報告書－第39期(2022/04/01－2023/03/31) | S100R6C0 | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R6C0,, |
| 有価証券報告書－第38期(令和3年4月1日－令和4年3月31日) | S100OG7M | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OG7M,, |
| 有価証券報告書－第37期(令和2年4月1日－令和3年3月31日) | S100LVBX | 2021-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LVBX,, |

## 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).