# Luxury Brands industry map (FY2025)

> Scope: 3 businesses (segment level)
> Unit: JPY millions. Each company's period is in the Period column
> Fiscal year: FY2025 = periods ending Apr 2025 to Mar 2026
> Page: https://vizora.meequs.com/en/industry/luxury
> Retrieved: 2026-09-30T18:18:12.965Z

## Size and profitability

| # | Company (business) | Revenue | Share | Op. income | Op. margin | CAGR | Period |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| 1 | Japan Airport Terminal（Merchandise Sales） | 154,053 | 96.1% | 27,489 | 17.8% | +84.9%（4y） | FY ending Mar 2026 |
| 2 | Sekido（Fashion retail sales division） | 3,928 | 2.5% | -63 | -1.6% | — | FY ending Mar 2026 |
| 3 | Laxus Technologies | 2,281 | 1.4% | 185 | 8.1% | +2.0%（2y） | FY ending Mar 2026 |

## Company-wide structure (¥100 model, FCF)

| Company | COGS | SG&A etc. | Op. income | Net income | FCF (JPY mn) | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Japan Airport Terminal | 35円 | 50円 | 15円 | 10円 | 33,884 | — |
| Sekido | 75円 | 37円 | -12円 | -20円 | -214 | — |
| Laxus Technologies | 30円 | 62円 | 8円 | 4円 | -106 | — |

## Ownership links

| Company | Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: | ---: |
| Laxus Technologies | 株式会社ワールド | Major shareholder | 41.3% | 2026-03-31 |
| Laxus Technologies | 児玉 昇司 | Major shareholder | 24.8% | 2026-03-31 |
| Laxus Technologies | 野村信託銀行株式会社（投信口） | Major shareholder | 2.9% | 2026-03-31 |
| Laxus Technologies | 岡三証券株式会社 | Major shareholder | 1.1% | 2026-03-31 |
| Laxus Technologies | 野村證券株式会社 | Major shareholder | 1.0% | 2026-03-31 |
| Laxus Technologies | 吉川 直樹 | Major shareholder | 0.9% | 2026-03-31 |
| Laxus Technologies | 志賀 和夫 | Major shareholder | 0.8% | 2026-03-31 |
| Laxus Technologies | 斎藤 真吾 | Major shareholder | 0.7% | 2026-03-31 |
| Laxus Technologies | 株式会社SBI証券 | Major shareholder | 0.6% | 2026-03-31 |
| Laxus Technologies | 内藤 征吾 | Major shareholder | 0.6% | 2026-03-31 |
| Japan Airport Terminal | 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 9.3% | 2026-03-31 |
| Japan Airport Terminal | 日本航空株式会社 | Major shareholder | 4.7% | 2026-03-31 |
| Japan Airport Terminal | ANAホールディングス株式会社 | Major shareholder | 4.7% | 2026-03-31 |
| Japan Airport Terminal | ISHARES GLOBAL INFRASTRUCTURE ETF （常任代理人 シティバンク、エヌ・エイ東京支店） | Major shareholder | 3.9% | 2026-03-31 |
| Japan Airport Terminal | 株式会社日本カストディ銀行（三井住友信託銀行再信託分・京浜急行電鉄株式会社退職給付信託口） | Major shareholder | 3.7% | 2026-03-31 |
| Japan Airport Terminal | 株式会社みずほ銀行 | Major shareholder | 3.5% | 2026-03-31 |
| Japan Airport Terminal | 三菱地所株式会社 | Major shareholder | 3.3% | 2026-03-31 |
| Japan Airport Terminal | 株式会社三菱UFJ銀行 | Major shareholder | 3.3% | 2026-03-31 |
| Japan Airport Terminal | 大成建設株式会社 | Major shareholder | 2.9% | 2026-03-31 |
| Japan Airport Terminal | 株式会社日本カストディ銀行（信託口） | Major shareholder | 2.6% | 2026-03-31 |
| Sekido | 有限会社関戸興産 | Major shareholder | 9.5% | 2026-03-20 |
| Sekido | 関戸 正実 | Major shareholder | 6.3% | 2026-03-20 |
| Sekido | BNB PARIBAS LONDON BRANCH FOR PRIME BROKERAGE CLEARANCE ACC FOR THIRD PARTY 常任代理人 香港上海銀行 東京支店 | Major shareholder | 4.6% | 2026-03-20 |
| Sekido | 都田 幸男 | Major shareholder | 1.9% | 2026-03-20 |
| Sekido | 関戸 薫子 | Major shareholder | 1.6% | 2026-03-20 |
| Sekido | セキド従業員持株会 | Major shareholder | 1.3% | 2026-03-20 |
| Sekido | セキド役員持株会 | Major shareholder | 1.0% | 2026-03-20 |
| Sekido | 西村 英子 | Major shareholder | 0.6% | 2026-03-20 |
| Sekido | 飛田 康雄 | Major shareholder | 0.5% | 2026-03-20 |
| Sekido | 楽天証券株式会社 | Major shareholder | 0.5% | 2026-03-20 |

## Company details

- https://vizora.meequs.com/en/company/japan-airport-terminal/md
- https://vizora.meequs.com/en/company/sekido/md
- https://vizora.meequs.com/en/company/laxus-technologies/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).