# Askul vs Kokuyo vs Okamura vs Otsuka

> Unit: JPY millions (ratios in %)
> Periods: Askul = FY ending May 2026, consolidated, J-GAAP / Kokuyo = FY ending Dec 2025, consolidated, J-GAAP / Okamura = FY ending Mar 2026, consolidated, J-GAAP / Otsuka = FY ending Dec 2025, consolidated, J-GAAP
> Retrieved: 2026-09-30T23:26:54.991Z

| Metric | Askul | Kokuyo | Okamura | Otsuka |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 400,199 | 359,876 | 329,031 | 1,322,791 |
| Operating income | -17,445 | 26,247 | 24,144 | 89,943 |
| Net income | -22,150 | 21,473 | 22,416 | 64,303 |
| COGS ratio | 77.7% | 59.9% | 65.4% | 80.9% |
| Operating margin | -4.4% | 7.3% | 7.3% | 6.8% |
| Net margin | -5.5% | 6.0% | 6.8% | 4.9% |
| FCF margin | -5.9% | 0.9% | 5.0% | 5.5% |
| Period | FY ending May 2026 | FY ending Dec 2025 | FY ending Mar 2026 | FY ending Dec 2025 |
| Source | S100YSYE | S100XUE1 | S100YFDV | S100XU0X |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Askul | Kokuyo | Okamura | Otsuka |
| --- | ---: | ---: | ---: | ---: |
| Revenue growth | 14 (25 peers) | 53.1 (16 peers) | 78.1 (16 peers) | 59.6 (157 peers) |
| Profitability | 1.5 (34 peers) | 65.6 (16 peers) | 71.9 (16 peers) | 33.9 (196 peers) |
| Cash conversion | — | 34.6 (13 peers) | 73.1 (13 peers) | 71.1 (185 peers) |
| Efficiency | 63.2 (34 peers) | 53.1 (16 peers) | 71.9 (16 peers) | 86.5 (196 peers) |
| Financial strength | — | — | — | — |

## Company details

- https://vizora.meequs.com/en/company/askul/md
- https://vizora.meequs.com/en/company/kokuyo/md
- https://vizora.meequs.com/en/company/okamura/md
- https://vizora.meequs.com/en/company/otsuka/md

## 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).