# YAMATOINTERNATIONALINC.: business model and financials

> Latest period: FY ending Aug 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第79期(2024/09/01－2025/08/31) (S100X5IF)
> Page: https://vizora.meequs.com/en/company/yamatointernationalinc
> Retrieved: 2026-09-30T22:26:41.366Z

## Company

Yamatointernationalinc., founded in 1937, is a company in Real Estate Development & Leasing listed on TSE Standard. It has 159 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | YAMATO INTERNATIONAL INC. |
| Ticker | 8127 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8127.T) |
| Listing | TSE Standard |
| Head office | 大阪市中央区博労町二丁目3番9号 (同所は登記上の本店所在地であり、実際の業務は 下記の場所で行っております。) 大阪府東大阪市森河内西一丁目3番1号 |
| Representative (per filing) | 取締役社長 盤若 智基 |
| Founded | Jun 1937 |
| Share capital | ¥4.92B |
| Employees (consolidated) | 159 |
| Average salary (parent only) | ¥5.4M |
| Fiscal year end | August |
| Website | www.yamatointr.co.jp (https://www.yamatointr.co.jp/) |
| Corporate number | 3120001077584 |
| EDINET | E00600 |
| Industries (Vizora) | Real Estate Development & Leasing, Apparel |

> Profile source: annual securities report (S100X5IF, filed 2025-11-20). As of filing

## Five-axis industry profile

Primary industry: Apparel (2025-08-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 64.5 | 55 |
| Profitability | 18.9 | 61 |
| Efficiency | 27 | 61 |

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 99% of Yamatointernationalinc.'s sales come from Textiles, with Real estate lease making up much of the rest.
- It lost about ¥1 for every ¥100 of sales at the operating level.
- Revenue changed -8.0% from the prior year, operating profit -176.7%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥19.4B |  |
| Operating income | -¥201.5M | Margin -1.0% |
| Net income | ¥143.2M | Margin 0.7% |
| Free cash flow | -¥1.31B |  |
| Largest business | Textiles | of segment revenue 98.5% |
| Employees (consolidated) | 159 |  |
| EPS | ¥6.25 |  |
| Book value per share | ¥830.65 |  |
| Equity ratio | 74.3% |  |
| Shares outstanding | 21,302,000 |  |
| Treasury shares | 830,900 |  |
| Shareholders | 16,199 |  |
| Average salary (parent only) | ¥5.4M | Filing company only |
| Cash ratio | 26.5% | Cash ÷ revenue 31.8% |
| Vs. industry median margin | -4.1 pp | Apparel |
| ROE | 0.9% | Derived from disclosed figures |
| ROA | 0.6% | Derived from disclosed figures |

## Notable figures

- FY2025, one segment accounts for 69% of positive segment profit
- FY2025, segment profit share differs by -29 points
- FY2025, cash is 27% of total assets

## What changed in 5 years

| Metric | FY ending Aug 2020 | FY ending Aug 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥14252386000 | ¥19444522000 | +36.4% |
| Operating income | ¥-923925000 | ¥-201508000 | — |
| Operating margin | -6.5% | -1.0% | +5.4 pp |
| Employees | 195 people | 159 people | -18.5% |
| Cash and equivalents | ¥5334346000 | ¥6180363000 | +15.9% |

### Change in segment revenue mix

Span: FY ending Aug 2020 → FY ending Aug 2025. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 繊維製品製造販売業 → 繊維製品製造販売業 | 97.9% |
| 不動産賃貸事業 → 不動産賃貸事業 | 1.5% |
| 不動産賃貸事業 → 事業再編・廃止 | 0.7% |
| 新設・再編 → 繊維製品製造販売業 | 0.7% |

Segment revenue source references: 4 (derived)

## Income statement（FY ending Aug 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 19,445 | 100.0% | S100X5IF |
| Cost of revenue | 8,483 | 43.6% | S100X5IF |
| Gross profit | 10,961 | 56.4% | S100X5IF |
| SG&A | 11,163 | 57.4% | S100X5IF |
| Operating income | -202 | -1.0% | S100X5IF |
| Ordinary income | -62 | -0.3% | S100X5IF |
| Pretax income | 245 | 1.3% | S100X5IF |
| Income tax | 102 | 0.5% | S100X5IF |
| Net income | 143 | 0.7% | S100X5IF |
| Net income attributable to owners | 143 | 0.7% | S100X5IF |

## Per ¥100 of revenue（FY ending Aug 2025）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 44 |
| SG&A | 57 |
| Operating income | -1 |
| (Ref.) Net income | 1 |

### Margin funnel

Gross margin 56.4% → Operating margin -1.0% → Net margin 0.7%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Turned to a loss
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Aug 2024 → FY ending Aug 2025、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 21,140 | 19,445 | -1,695 | -8.0% |
| Gross profit | 11,994 | 10,961 | -1,033 | -8.6% |
| Operating income | 263 | -202 | -464 | -176.7% |
| Net income attributable to owners | 353 | 143 | -210 | -59.4% |
| Operating cash flow | 1,038 | -903 | -1,940 | -187.0% |
| Free cash flow | 881 | -1,310 | -2,191 | -248.6% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Aug 2019 | 16,818 | 583 | 3.5% | 530 | 735 | 585 | S100K7NN |
| FY ending Aug 2020 | 14,252 | -924 | -6.5% | -1,296 | -1,485 | -1,821 | S100MVMK |
| FY ending Aug 2021 | 13,691 | -364 | -2.7% | 31 | 759 | 720 | S100PNMZ |
| FY ending Aug 2022 | 19,399 | 145 | 0.7% | 452 | 1,123 | 1,022 | S100SBRA |
| FY ending Aug 2023 | 20,802 | 303 | 1.5% | 564 | 474 | 332 | S100UT9V |
| FY ending Aug 2024 | 21,140 | 263 | 1.2% | 353 | 1,038 | 881 | S100X5IF |
| FY ending Aug 2025 | 19,445 | -202 | -1.0% | 143 | -903 | -1,310 | S100X5IF |

## People and productivity（FY ending Aug 2025, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥122.3M |
| Operating income per employee (consolidated) | -¥1.3M |
| Net income per employee (consolidated) | ¥900.5K |

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

| History | FY ending Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 194 | 182 | 172 | 165 | 159 |
| Average salary (parent company) | ¥5.5M | ¥5.3M | ¥5.4M | ¥5.5M | ¥5.4M |
| Average age (parent company) | 43.8 years | 44.3 years | 42.8 years | 42.1 years | 41.3 years |
| Average tenure (parent company) | 19.6 years | 20.1 years | 18.6 years | 17.9 years | 16.9 years |

Year over year: Employees (consolidated) -3.6% · Revenue (consolidated) -8.0%

## Segments（FY ending Aug 2025, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Textiles | 19,158 | 98.5% | 308 | 1.6% |
| Real estate lease | 287 | 1.5% | 138 | 48.1% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| Textiles | 98.5% | 69.1% | -29.4 | 1.6% |
| Real estate lease | 1.5% | 30.9% | 29.4 | 48.1% |

Segment → industry: Real estate lease → Real Estate Development & Leasing / Textiles → Apparel

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Aug 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -903 | -4.6% | S100X5IF |
| Capital expenditure | 407 | 2.1% | S100X5IF |
| Free cash flow | -1,310 | -6.7% | 算出 |
| Investing cash flow | -39 | -0.2% | S100X5IF |
| Financing cash flow | -335 | -1.7% | S100X5IF |
| Dividends paid | 329 | 1.7% | S100X5IF |
| Share buyback | 31 | 0.2% | S100X5IF |
| Change in cash | -1,275 | -6.6% | S100X5IF |
| Cash and equivalents | 6,180 | 31.8% | S100X5IF |

## 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 Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 5,851 | 6,606 | 7,018 | 7,456 | 6,180 | S100SBRA, S100UT9V, S100X5IF |
| Total assets | 21,013 | 21,385 | 22,477 | 24,007 | 23,301 | S100PNMZ, S100SBRA, S100UT9V, S100X5IF |
| Net assets | 15,948 | 15,994 | 16,799 | 17,348 | 17,314 | S100SBRA, S100UT9V, S100X5IF |
| Share capital | 4,918 | 4,918 | 4,918 | 4,918 | 4,918 | S100PNMZ, S100SBRA, S100UT9V, S100X5IF |
| Trade receivables | 1,038 | — | — | — | — | S100PNMZ |
| Property, plant and equipment | 6,639 | 6,556 | 6,569 | 6,763 | 6,699 | S100PNMZ, S100SBRA, S100UT9V, S100X5IF |
| Intangible assets excluding goodwill | 20 | 25 | 18 | 10 | 5 | S100PNMZ, S100SBRA, S100UT9V, S100X5IF |
| Investment securities | 4,873 | 4,738 | 5,048 | 5,862 | 5,903 | S100PNMZ, S100SBRA, S100UT9V, S100X5IF |
| Current assets | 9,068 | 9,738 | 10,515 | 10,982 | 10,309 | S100PNMZ, S100SBRA, S100UT9V, S100X5IF |
| Current liabilities | 4,085 | 4,685 | 4,359 | 5,369 | 4,563 | S100PNMZ, S100SBRA, S100UT9V, S100X5IF |
| Trade payables | 611 | 685 | 714 | 610 | 625 | S100PNMZ, S100SBRA, S100UT9V, S100X5IF |
| Long-term borrowings | 398 | 207 | 778 | 558 | 586 | S100PNMZ, S100SBRA, S100UT9V, S100X5IF |
| Total liabilities | 5,066 | 5,391 | 5,678 | 6,659 | 5,987 | S100PNMZ, S100SBRA, S100UT9V, S100X5IF |
| Equity attributable to owners of parent | 15,306 | 15,641 | 16,081 | 16,063 | 15,847 | S100PNMZ, S100SBRA, S100UT9V, S100X5IF |
| Retained earnings | 5,764 | 6,098 | 6,539 | 6,522 | 6,336 | S100PNMZ, S100SBRA, S100UT9V, S100X5IF |
| Treasury stock | -364 | -364 | -364 | -365 | -395 | S100PNMZ, S100SBRA, S100UT9V, S100X5IF |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 27% | S100X5IF |
| Property, plant and equipment | 29% | S100X5IF |
| Intangibles and goodwill | 0% | S100X5IF |
| Investment securities | 25% | S100X5IF |
| Other assets | 19% | S100X5IF |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 3% | S100X5IF |
| Other liabilities | 23% | S100X5IF |
| Equity | 74% | S100X5IF |

### Balance sheet history

| Metric | FY ending Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 21,013 | 21,385 | 22,477 | 24,007 | 23,301 |
| Equity | 15,948 | 15,994 | 16,799 | 17,348 | 17,314 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 5,851 | 6,606 | 7,018 | 7,456 | 6,180 |

## 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) | 34.5% | S100X5IF |
| Fixed assets ÷ total assets | 28.8% | S100X5IF |
| Goodwill ÷ parent equity | — | —, S100X5IF |

### 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) | 26.5% |
| Cash ÷ revenue | 31.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | -1,046 JPY mn (of net income -730.6%) |
| Shareholder returns / net income | 250.9% |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 229.6% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 2.1% |
| Investing CF relative to operating CF | — |

## 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 |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2021 | 0.2% | 0.65× | 0.1% | 1.37× | 0.2% | S100PNMZ |
| 2022 | 2.3% | 0.92× | 2.1% | 1.37× | 2.9% | S100SBRA |
| 2023 | 2.7% | 0.95× | 2.6% | 1.38× | 3.6% | S100UT9V |
| 2024 | 1.7% | 0.91× | 1.5% | 1.45× | 2.2% | S100X5IF |
| 2025 | 0.7% | 0.82× | 0.6% | 1.48× | 0.9% | S100X5IF |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| セネシオ有限会社 | Major shareholder | 12.7% | 2025-08-31 |
| INTERACTIVE BROKERS LLC （常任代理人 インタラクティブ・ブローカーズ証券株式会社） | Major shareholder | 5.5% | 2025-08-31 |
| 株式会社三菱ＵＦＪ銀行 | Major shareholder | 5.0% | 2025-08-31 |
| 盤若 智基 | Major shareholder | 2.9% | 2025-08-31 |
| 日本生命保険相互会社 | Major shareholder | 2.8% | 2025-08-31 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 2.2% | 2025-08-31 |
| 藤原 美和子 （常任代理人 セネシオ有限会社） | Major shareholder | 1.8% | 2025-08-31 |
| 盤若 真美 | Major shareholder | 1.7% | 2025-08-31 |
| 株式会社りそな銀行 | Major shareholder | 1.5% | 2025-08-31 |
| ＭＮインターファッション株式会社 | Major shareholder | 1.5% | 2025-08-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第79期(2024/09/01－2025/08/31) | S100X5IF | 2025-11-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100X5IF,, |
| 有価証券報告書－第78期(2023/09/01－2024/08/31) | S100UT9V | 2024-11-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UT9V,, |
| 有価証券報告書－第77期(2022/09/01－2023/08/31) | S100SBRA | 2023-11-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100SBRA,, |
| 有価証券報告書－第76期(令和3年9月1日－令和4年8月31日) | S100PNMZ | 2022-11-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PNMZ,, |
| 有価証券報告書－第75期(令和2年9月1日－令和3年8月31日) | S100MVMK | 2021-11-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MVMK,, |
| 有価証券報告書－第74期(令和1年9月1日－令和2年8月31日) | S100K7NN | 2020-11-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100K7NN,, |

## 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).