# WISE HOLDINGS 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151期(2025/04/01－2026/03/31) (S100YDSY)
> Page: https://vizora.meequs.com/en/company/wise-holdings
> Retrieved: 2026-09-30T19:01:59.891Z

## Company

Wise Holdings, founded in 1917, is a company in Auto Parts listed on TSE Standard. It has 438 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | WISE HOLDINGS CO., LTD. |
| Ticker | 5955 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/5955.T) |
| Listing | TSE Standard |
| Head office | 京都市山科区東野狐藪町16番地 |
| Representative (per filing) | 代表取締役社長 堀直樹 |
| Founded | Sep 1917 |
| Share capital | ¥90M |
| Employees (consolidated) | 438 |
| Average salary (parent only) | ¥8.7M |
| Fiscal year end | March |
| Website | wiseholdings.co.jp (https://wiseholdings.co.jp/) |
| Corporate number | 2130001013473 |
| EDINET | E01369 |
| Industries (Vizora) | Auto Parts, Non-ferrous Metals & Wires, Real Estate Development & Leasing, Specialty Trading & Wholesale, Electric Power & Gas |

> Profile source: annual securities report (S100YDSY, filed 2026-06-19). As of filing

## Five-axis industry profile

Primary industry: Auto Parts (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 44.1 | 110 |
| Profitability | 46.4 | 111 |
| Cash conversion | 71.8 | 108 |
| Efficiency | 14.9 | 111 |

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 65% of Wise Holdings's sales come from Metal products, with Chemical products and Electric Components making up much of the rest.
- Out of every ¥100 of sales, about ¥5 is left as operating profit.
- Revenue changed +7.8% from the prior year, operating profit +30.3%.

## Company structure

- Segment revenue mix: Metal products 65.0%、Chemical products 18.4%、Electric Components 14.1%、Real estate 2.0%、Solar power business 0.6%
- Revenue → net income: ¥12725509000 → ¥398317000
- Net income → operating cash flow: ¥398317000 → ¥1269770000（difference ¥871453000）
- Main uses of operating cash flow: CapEx ¥318131000 / dividends ¥134227000 / buybacks ¥99986000
- Change in cash: ¥575567000
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 | ¥12.7B |  |
| Operating income | ¥581.6M | Margin 4.6% |
| Net income | ¥371.2M | Margin 2.9% |
| Free cash flow | ¥951.6M |  |
| Largest business | Metal products | of segment revenue 65.0% |
| Employees (consolidated) | 438 |  |
| EPS | ¥1.75 |  |
| Book value per share | ¥50.82 |  |
| Equity ratio | 65.5% |  |
| Shares outstanding | 142,611,000 |  |
| Treasury shares | 9,230,600 |  |
| Shareholders | 18,251 |  |
| Average salary (parent only) | ¥8.7M | Filing company only |
| Cash ratio | 21.9% | Cash ÷ revenue 31.5% |
| Vs. industry median margin | -0.2 pp | Auto Parts |
| ROE | 3.7% | Derived from disclosed figures |
| ROA | 2.0% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 3.4× net income
- FY2026, parent-company salary changed +86% over five years
- FY2026, employees -1% while operating income rose 30%

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥9332708000 | ¥12725509000 | +36.4% |
| Operating income | ¥512073000 | ¥581574000 | +13.6% |
| Operating margin | 5.5% | 4.6% | -0.9 pp |
| Employees | 425 people | 438 people | +3.1% |
| Cash and equivalents | ¥2320568000 | ¥4011470000 | +72.9% |

### 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 |
| --- | ---: |
| 金属製品事業 → 金属製品事業 | 65.0% |
| 金属製品事業 → 事業再編・廃止 | 4.4% |
| 電線・ケーブル事業 → 事業再編・廃止 | 12.6% |
| 不動産事業 → 不動産事業 | 2.0% |
| 不動産事業 → 事業再編・廃止 | 0.6% |
| 化成品事業 → 事業再編・廃止 | 14.9% |
| その他 → その他 | 0.0% |
| その他 → 事業再編・廃止 | 0.5% |
| 新設・再編 → 電子部品事業 | 14.1% |
| 新設・再編 → 化成品事業 | 18.4% |
| 新設・再編 → 太陽光発電事業 | 0.6% |

Segment revenue source references: 11 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Metal products | 5 years | +5.0% | ¥8273712000 | 4.9% | 2 |
| Chemical products | 3 years | +3.8% | ¥2337427000 | 5.3% | 2 |
| Electric Components | 3 years | +3.3% | ¥1787940000 | 2.3% | 2 |
| Real estate | 5 years | +0.5% | ¥251119000 | 48.9% | 2 |
| Solar power business | 2 years | +0.4% | ¥73030000 | 17.3% | 2 |
| Other | 5 years | -45.2% | ¥2280000 | 2154.6% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 12,726 | 100.0% | S100YDSY |
| Cost of revenue | 10,245 | 80.5% | S100YDSY |
| Gross profit | 2,481 | 19.5% | S100YDSY |
| SG&A | 1,899 | 14.9% | S100YDSY |
| Operating income | 582 | 4.6% | S100YDSY |
| Ordinary income | 600 | 4.7% | S100YDSY |
| Pretax income | 603 | 4.7% | S100YDSY |
| Income tax | 205 | 1.6% | S100YDSY |
| Net income | 398 | 3.1% | S100YDSY |
| Net income attributable to owners | 371 | 2.9% | S100YDSY |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 80 |
| SG&A | 15 |
| Operating income | 5 |
| (Ref.) Net income | 3 |

### Margin funnel

Gross margin 19.5% → Operating margin 4.6% → Net margin 2.9%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +7.8%; Core profit growth: +30.3%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 3.87×
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 | 11,803 | 12,726 | 923 | +7.8% |
| Gross profit | 2,289 | 2,481 | 192 | +8.4% |
| Operating income | 446 | 582 | 135 | +30.3% |
| Net income attributable to owners | 261 | 371 | 110 | +42.3% |
| Operating cash flow | 1,115 | 1,270 | 155 | +13.9% |
| Free cash flow | 666 | 952 | 285 | +42.8% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 9,527 | 386 | 4.0% | 345 | 793 | 407 | S100LNH5 |
| FY ending Mar 2021 | 9,333 | 512 | 5.5% | 327 | 787 | 615 | S100OF8Q |
| FY ending Mar 2022 | 11,030 | 754 | 6.8% | 549 | 677 | 386 | S100R4E0 |
| FY ending Mar 2023 | 11,914 | 649 | 5.4% | 435 | 511 | -263 | S100TNPN |
| FY ending Mar 2024 | 12,153 | 320 | 2.6% | 246 | 957 | -3 | S100VZ7R |
| FY ending Mar 2025 | 11,803 | 446 | 3.8% | 261 | 1,115 | 666 | S100YDSY |
| FY ending Mar 2026 | 12,726 | 582 | 4.6% | 371 | 1,270 | 952 | S100YDSY |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥29.1M |
| Operating income per employee (consolidated) | ¥1.3M |
| Net income per employee (consolidated) | ¥847.6K |

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) | 444 | 447 | 455 | 444 | 438 |
| Average salary (parent company) | ¥4.7M | ¥4.7M | ¥4.7M | ¥7.6M | ¥8.7M |
| Average age (parent company) | 45.5 years | 46.0 years | 46.1 years | 50.0 years | 49.0 years |
| Average tenure (parent company) | 19.9 years | 20.4 years | 19.8 years | 4.0 years | 4.0 years |

Year over year: Employees (consolidated) -1.4% · Revenue (consolidated) +7.8%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Metal products | 8,274 | 65.0% | 408 | 4.9% |
| Electric Components | 1,788 | 14.1% | 41 | 2.3% |
| Real estate | 251 | 2.0% | 123 | 48.9% |
| Chemical products | 2,337 | 18.4% | 123 | 5.3% |
| Solar power business | 73 | 0.6% | 13 | 17.3% |
| Other | 2 | 0.0% | 49 | 2154.6% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Metal products | 65.0% | 54.0% | -11.0 | 4.9% |
| Electric Components | 14.1% | 5.4% | -8.7 | 2.3% |
| Real estate | 2.0% | 16.2% | 14.3 | 48.9% |
| Chemical products | 18.4% | 16.2% | -2.1 | 5.3% |
| Solar power business | 0.6% | 1.7% | 1.1 | 17.3% |
| Other | 0.0% | 6.5% | 6.5 | 2154.6% |

Segment → industry: Metal products → Auto Parts / Electric Components → Non-ferrous Metals & Wires / Real estate → Real Estate Development & Leasing / Chemical products → Specialty Trading & Wholesale / Solar power business → Electric Power & Gas

## 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 | 1,270 | 10.0% | S100YDSY |
| Capital expenditure | 318 | 2.5% | S100YDSY |
| Free cash flow | 952 | 7.5% | 算出 |
| Investing cash flow | -296 | -2.3% | S100YDSY |
| Financing cash flow | -446 | -3.5% | S100YDSY |
| Dividends paid | 134 | 1.1% | S100YDSY |
| Share buyback | 100 | 0.8% | S100YDSY |
| Change in cash | 576 | 4.5% | S100YDSY |
| Cash and equivalents | 4,011 | 31.5% | S100YDSY |

## 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 | 2,690 | 2,092 | 2,912 | 3,436 | 4,011 | S100TNPN, S100VZ7R, S100YDSY |
| Total assets | 16,846 | 17,341 | 18,097 | 17,932 | 18,325 | S100R4E0, S100TNPN, S100VZ7R, S100YDSY |
| Net assets | 11,511 | 11,829 | 12,089 | 12,332 | 12,637 | S100TNPN, S100VZ7R, S100YDSY |
| Share capital | 90 | 90 | 90 | 90 | 90 | S100R4E0, S100TNPN, S100VZ7R, S100YDSY |
| Property, plant and equipment | 7,723 | 8,125 | 8,079 | 7,917 | 7,802 | S100R4E0, S100TNPN, S100VZ7R, S100YDSY |
| Intangible assets excluding goodwill | 67 | 96 | 327 | 321 | 327 | S100R4E0, S100TNPN, S100VZ7R, S100YDSY |
| Goodwill | 26 | 16 | 116 | — | — | S100R4E0, S100TNPN, S100VZ7R |
| Investment securities | 182 | 187 | 247 | 262 | 414 | S100R4E0, S100TNPN, S100VZ7R, S100YDSY |
| Current assets | 8,285 | 8,302 | 8,853 | 8,830 | 9,188 | S100R4E0, S100TNPN, S100VZ7R, S100YDSY |
| Current liabilities | 3,253 | 3,416 | 3,447 | 3,066 | 3,203 | S100R4E0, S100TNPN, S100VZ7R, S100YDSY |
| Trade payables | 1,470 | 1,739 | 1,444 | 1,280 | 1,251 | S100R4E0, S100TNPN, S100VZ7R, S100YDSY |
| Short-term borrowings | 705 | 659 | 1,077 | 985 | 995 | S100R4E0, S100TNPN, S100VZ7R, S100YDSY |
| Long-term borrowings | 151 | 241 | 700 | 770 | 600 | S100R4E0, S100TNPN, S100VZ7R, S100YDSY |
| Total liabilities | 5,336 | 5,512 | 6,008 | 5,600 | 5,688 | S100R4E0, S100TNPN, S100VZ7R, S100YDSY |
| Non-controlling interests | 446 | 487 | 588 | 609 | 627 | S100R4E0, S100TNPN, S100VZ7R, S100YDSY |
| Equity attributable to owners of parent | 9,606 | 9,805 | 9,869 | 9,995 | 10,132 | S100R4E0, S100TNPN, S100VZ7R, S100YDSY |
| Retained earnings | 3,415 | 3,713 | 3,824 | 3,951 | 4,188 | S100R4E0, S100TNPN, S100VZ7R, S100YDSY |
| Treasury stock | -332 | -432 | -479 | -479 | -522 | S100R4E0, S100TNPN, S100VZ7R, S100YDSY |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 22% | S100YDSY |
| Property, plant and equipment | 43% | S100YDSY |
| Intangibles and goodwill | 2% | S100YDSY |
| Investment securities | 2% | S100YDSY |
| Other assets | 31% | S100YDSY |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 7% | S100YDSY |
| Other liabilities | 24% | S100YDSY |
| Equity | 69% | S100YDSY |

### 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 | 16,846 | 17,341 | 18,097 | 17,932 | 18,325 |
| Equity | 11,511 | 11,829 | 12,089 | 12,332 | 12,637 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 2,690 | 2,092 | 2,912 | 3,436 | 4,011 |

## 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) | 61.3% | S100YDSY |
| Fixed assets ÷ total assets | 42.6% | S100YDSY |
| Goodwill ÷ parent equity | — | —, S100YDSY |

### 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) | 21.9% |
| Cash ÷ revenue | 31.5% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 218.3% |
| Cash vs. profit gap | 899 JPY mn (of net income 242.0%) |
| Shareholder returns / net income | 63.1% |
| Shareholder returns / FCF | 24.6% |
| Shareholder payments — dividends / net income | 36.2% |
| Shareholder payments — dividends / FCF | 14.1% |
| CapEx intensity (capex ÷ revenue) | 2.5% |
| Investing CF relative to operating CF | 23.3% |

## 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 | 5.0% | 0.65× | 3.3% | 1.75× | 5.7% | S100R4E0 |
| 2023 | 3.6% | 0.70× | 2.5% | 1.76× | 4.5% | S100TNPN |
| 2024 | 2.0% | 0.69× | 1.4% | 1.80× | 2.5% | S100VZ7R |
| 2025 | 2.2% | 0.66× | 1.4% | 1.81× | 2.6% | S100YDSY |
| 2026 | 2.9% | 0.70× | 2.0% | 1.80× | 3.7% | S100YDSY |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| ＶＴホールディングス株式会社 | Major shareholder | 35.5% | 2026-03-31 |
| 久保 和喜 | Major shareholder | 5.3% | 2026-03-31 |
| 有限会社久和インベストメント | Major shareholder | 1.9% | 2026-03-31 |
| 株式会社Ａ．Ｉ．Ｓ建築設計 | Major shareholder | 1.7% | 2026-03-31 |
| BNYM SA/NV FOR BNYM FOR BNY GCM CLIENT ACCOUNTS M LSCB RD（常任代理人 株式会社三菱UFJ銀行） | Major shareholder | 1.7% | 2026-03-31 |
| 有限会社和久インベストメント | Major shareholder | 1.7% | 2026-03-31 |
| 山本 雅史 | Major shareholder | 1.7% | 2026-03-31 |
| 渡邉 昌子 | Major shareholder | 1.5% | 2026-03-31 |
| 広布 文夫 | Major shareholder | 1.4% | 2026-03-31 |
| 株式会社Ａ．Ｉ．Ｓ | Major shareholder | 1.3% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第151期(2025/04/01－2026/03/31) | S100YDSY | 2026-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YDSY,, |
| 有価証券報告書－第150期(2024/04/01－2025/03/31) | S100VZ7R | 2025-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VZ7R,, |
| 有価証券報告書－第149期(2023/04/01－2024/03/31) | S100TNPN | 2024-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TNPN,, |
| 有価証券報告書－第148期(2022/04/01－2023/03/31) | S100R4E0 | 2023-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R4E0,, |
| 有価証券報告書－第147期(令和3年4月1日－令和4年3月31日) | S100OF8Q | 2022-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OF8Q,, |
| 有価証券報告書－第146期(令和2年4月1日－令和3年3月31日) | S100LNH5 | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LNH5,, |

## 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).