# Himaraya vs Kanseki

> Unit: JPY millions (ratios in %)
> Periods: Himaraya = FY ending Aug 2025, consolidated, J-GAAP / Kanseki = FY ending Feb 2026, non-consolidated, J-GAAP
> Retrieved: 2026-09-30T20:59:37.400Z

| Metric | Himaraya | Kanseki |
| --- | ---: | ---: |
| Revenue | 60,447 | 35,471 |
| Operating income | 285 | 529 |
| Net income | 11 | 308 |
| COGS ratio | 64.9% | 73.1% |
| Operating margin | 0.5% | 1.5% |
| Net margin | 0.0% | 0.9% |
| FCF margin | -0.6% | -0.5% |
| Period | FY ending Aug 2025 | FY ending Feb 2026 |
| Source | S100X67D | S100Y67I |

## 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 | Himaraya | Kanseki |
| --- | ---: | ---: |
| Revenue growth | 16.7 (3 peers) | — |
| Profitability | 16.7 (3 peers) | 25 (10 peers) |
| Cash conversion | 50 (3 peers) | 75 (10 peers) |
| Efficiency | 83.3 (3 peers) | 95 (10 peers) |
| Financial strength | — | — |

## Company details

- https://vizora.meequs.com/en/company/himaraya/md
- https://vizora.meequs.com/en/company/kanseki/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).