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KITOKU SHINRYO

KITOKU SHINRYO CO., LTD.

Company highlights

The largest segment by revenue is Rice business, at 85.9% of the total.

Key figures

Period Jan 2025 to Dec 2025ConsolidatedJapanese GAAP

RevenueDisclosed ¥176.2B
Operating marginCalculated 4.6%
Net assets to total assetsCalculated 37.2%

Company profile

Securities code 2700 / EDINET code E02934 / Wholesale Trade / Fiscal year end December 31

中央区銀座七丁目２番２２号／Capital stock ¥529 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Company details
鎌田 慶彦 Representative
3 Consolidated subsidiaries

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Jan 2025 to Dec 2025) · filed 2026-03-25

Profitability ★★☆☆☆position among all companies 4.6%
Growth (revenue, 4-year average) ★★★★☆position among all companies 13.1%
Capital efficiency ★★★★★position among all companies 31.2%

Business activities and revenue composition

KITOKU SHINRYO

Revenue and profit by business segment

Period Jan 2025 to Dec 2025Source Annual securities reportsConsolidated・Disclosed

SalesProfit Rice busine…Rice business Sales 85.9% 86% Profit 91.0% 91% Egg busines…Egg business Sales 6.2% 6% Profit 3.0% 3% Feed busine…Feed business Sales 6.0% 6% Profit 5.6% 6% Food busine…Food business Sales 1.9% 2% Profit 0.4% 0%
BusinessNet sales to external customers Operating income
This yearShareLast year This yearShareMarginLast year
Rice business ¥151.3 billion 85.9% ¥96.6 billion ¥8.7 billion 91.0% 5.8% ¥2.6 billion
Egg business ¥10.9 billion 6.2% ¥8.7 billion ¥0.3 billion 3.0% 2.6% ¥0.3 billion
Feed business ¥10.6 billion 6.0% ¥10.3 billion ¥0.5 billion 5.6% 5.1% ¥0.5 billion
Food business ¥3.4 billion 1.9% ¥3.4 billion ¥38.28 million 0.4% 1.1% ¥0.1 billion
Total of the businesses ¥176.2 billion100.0% ¥9.6 billion 100.0%

Revenue and profit

KITOKU SHINRYO

Period Jan 2025 to Dec 2025Source Annual securities reports

Net sales and operating revenue ¥176.2B　100% Cost of sales ¥160.5B　91% Selling, general and administrative expenses ¥7.7B　4% Operating income ¥8.0B　5%
Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Salaries and allowances ¥1.7 billion Consolidated
Provision for bonuses ¥0.2 billion Consolidated
Depreciation ¥58.30 million Consolidated
Retirement benefit expenses ¥33.42 million Consolidated
Provision for directors' bonuses ¥23.30 million Consolidated
Provision for directors' retirement benefits ¥3.88 million Consolidated
Provision of allowance for doubtful accounts ¥1.91 million Consolidated
Profit by stage Gross profit (loss) ¥15.7 billion Consolidated
Ordinary income ¥8.2 billion Consolidated
Operating income ¥8.0 billion Consolidated
Net income ¥5.5 billion Consolidated

KITOKU SHINRYO

Selling, general and administrative expenses

Period Jan 2025 to Dec 2025Source Annual securities reports

Salaries and allowances ¥1.7 billion (21.8%)22%Provision for bonuses ¥0.2 billion (2.2%)Depreciation ¥0.1 billion (0.8%)Retirement benefit expenses ¥0.0 billion (0.4%)Provision for directors' bonuses ¥0.0 billion (0.3%)Provision for directors' retirement benefits ¥0.0 billion (0.1%)Other (not itemized) ¥5.7 billion (74.4%)74%¥7.7B
  • Salaries and allowances　¥1.7 billion
  • Provision for bonuses　¥0.2 billion
  • Depreciation　¥0.1 billion
  • Retirement benefit expenses　¥0.0 billion
  • Provision for directors' bonuses　¥0.0 billion
  • Provision for directors' retirement benefits　¥0.0 billion
  • Other (not itemized)　¥5.7 billion

Performance, financial position and capital allocation

Finance
37.2% Net assets to total assets Industry median 50.6% FY ending 12/2025 · consolidated / calculated
9.8% Return on assets (ROA)
¥2,498.06 Net assets per share
¥-1.9 billion Free cash flow
¥56.6 billion Total assets
Capital allocation
-14.4% Cash conversion Industry median 94.2% FY ending 12/2025 · consolidated / calculated
9.2% Increase in working capital ★★★★★ position among all companies FY ending 12/2025 · consolidated / calculated
111.5% Property, plant and equipment purchases relative to depreciation ★★★★☆ position among all companies FY ending 12/2025 · consolidated / calculated
-2.8% Extraordinary gains and losses relative to ordinary profit ★★☆☆☆ position among all companies FY ending 12/2025 · consolidated / calculated
21.8% Investment securities to net assets ★★★★☆ position among all companies FY ending 12/2025 · consolidated / calculated

Long-term changes in performance

Period 2012 to 2025Disclosed

Revenue ×1.61 from 2012 to 2025

KITOKU SHINRYO

Long-term revenue, profit and asset trends

Period 2012 to 2025Source Annual securities reportsDisclosed

Mark on the chart
176 117 58 -1 2012 2014 2016 2018 2020 2022 2024 2025 Net sales and operating revenue Ordinary income 2013　Ordinary income (loss) profit to loss 2014　Ordinary income (loss) loss to profit 2025　Net sales year on year +48.1%, Ordinary income (loss) as a share of revenue +2.5 points 176Latest value 2025 176¥ billion 176Highest in the period shown 2025 176¥ billion 101Lowest in the period shown 2015 101¥ billion ¥ billion

KITOKU SHINRYO

Recent performance trends

Source Annual securities reports

176 117 59 0 4 years ago 3 years ago 2 years ago Last year This year Net sales and operating revenue Ordinary income ¥ billion

Year-on-year comparison

Period 2012 to 2025Disclosed

Item20212022202320242025
Net sales ¥107.8B ¥104.7B ¥114.8B ¥119.0B ¥176.2B
Year on year (%) +0.2% -2.9% +9.7% +3.6% +48.1%◆
Ordinary income (loss) ¥0.6B ¥1.4B ¥2.2B ¥2.5B ¥8.2B
Change from prior year +649.5% +123.3% +57.0% +15.4% +228.7%
Ordinary income (loss) as a share of Net sales 0.6% 1.3% 1.9% 2.1% 4.6%
Change (percentage points) +0.5 points +0.7 points +0.6 points +0.2 points +2.5 points◆

Fiscal periods marked for changes

  • 2013Ordinary income (loss) profit to loss
  • 2014Ordinary income (loss) loss to profit
  • 2025Net sales year on year +48.1%, Ordinary income (loss) as a share of revenue +2.5 points

KITOKU SHINRYO

Earnings and net assets per share over time

Unit yenSource Annual securities reports

675 450 225 0 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 2,498 1,665 833 0 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen

KITOKU SHINRYO

Return on equity over time

Unit %Source Annual securities reports

31 21 10 0 4 years ago 3 years ago 2 years ago Last year This year Return on equity (ROE, %)
Consolidated indicators (14 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥107.8 billion ¥104.7 billion ¥114.8 billion ¥119.0 billion ¥176.2 billion
Ordinary income (loss) ¥0.6 billion ¥1.4 billion ¥2.2 billion ¥2.5 billion ¥8.2 billion
Net income (loss) attributable to owners of parent ¥0.5 billion ¥1.0 billion ¥1.5 billion ¥1.7 billion ¥5.5 billion
Comprehensive income ¥1.0 billion ¥0.8 billion ¥2.2 billion ¥2.1 billion ¥5.8 billion
Net assets ¥10.6 billion ¥11.3 billion ¥13.4 billion ¥15.6 billion ¥21.0 billion
Total assets ¥29.9 billion ¥29.4 billion ¥32.1 billion ¥40.2 billion ¥56.6 billion
Net assets per share 1,275.36 yen 1,360.87 yen 1,607.56 yen 1,837.04 yen 2,498.06 yen
Basic earnings (loss) per share 62.34 yen 128.2 yen 182.54 yen 212.14 yen 675.4 yen
Equity-to-asset ratio 34.6% 37.5% 40.6% 37.3% 36.1%
Return on equity 5.1% 9.7% 12.3% 12.3% 31.2%
Net cash provided by (used in) operating activities ¥0.8 billion ¥4.3 billion ¥0.5 billion ¥-0.9 billion ¥-1.2 billion
Net cash provided by (used in) investing activities ¥-0.6 billion ¥-0.6 billion ¥-0.4 billion ¥-1.0 billion ¥-0.7 billion
Net cash provided by (used in) financing activities ¥-0.3 billion ¥-3.3 billion ¥0.1 billion ¥2.9 billion ¥3.4 billion
Cash and cash equivalents ¥1.8 billion ¥2.3 billion ¥2.5 billion ¥3.6 billion ¥5.1 billion
Parent only indicators (14 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥101.2 billion ¥96.7 billion ¥103.6 billion ¥117.2 billion ¥174.3 billion
Ordinary income (loss) ¥0.5 billion ¥1.2 billion ¥1.9 billion ¥2.3 billion ¥8.0 billion
Net income (loss) ¥0.4 billion ¥0.9 billion ¥1.3 billion ¥1.8 billion ¥5.5 billion
Capital stock ¥0.5 billion ¥0.5 billion ¥0.5 billion ¥0.5 billion ¥0.5 billion
Total number of issued shares (common stock) 1,706,000 shares 1,706,000 shares 1,706,000 shares 1,706,000 shares 8,530,000 shares
Net assets ¥9.5 billion ¥10.0 billion ¥11.8 billion ¥13.8 billion ¥19.2 billion
Total assets ¥27.5 billion ¥26.6 billion ¥29.2 billion ¥37.6 billion ¥54.0 billion
Net assets per share 1,172.53 yen 1,238.57 yen 1,462.43 yen 1,687.59 yen 2,346.86 yen
Dividend per share 50 yen 60 yen 80 yen 130 yen 170 yen
Interim dividend per share 25 yen 25 yen 30 yen 30 yen 100 yen
Basic earnings (loss) per share 54.34 yen 113.47 yen 162.9 yen 220.01 yen 673.2 yen
Equity-to-asset ratio 34.5% 37.8% 40.6% 36.6% 35.5%
Return on equity 4.8% 9.4% 12.1% 14.0% 33.4%
Payout ratio 18.4% 10.6% 9.8% 11.8% 13.4%

Dividend history

Source: reporting company’s key figures, annual securities reports · 14 years (2012 to 2025)Parent-onlyDisclosed

3 periods Consecutive increases (own definition) through FY ending 12/2024
6 periods Consecutive periods with dividends (site definition) through FY ending 12/2024
+62.5% Dividend growth (year on year)
+21.1% Dividend growth (5-year annual rate)
Fiscal yearAnnual dividend per share Of which interimPayout ratio (as reported, parent only) Flag
FY ending 12/2025 ¥170 ¥100 13.4% Stock split or share consolidation noted
FY ending 12/2024 ¥130 ¥30 11.8%
FY ending 12/2023 ¥80 ¥30 9.8%
FY ending 12/2022 ¥60 ¥25 10.6%
FY ending 12/2021 ¥50 ¥25 18.4%
FY ending 12/2020 ¥50 ¥25 Could not be retrieved
FY ending 12/2019 ¥50 ¥25 25.8%
FY ending 12/2018 ¥30 ¥5 23.7% Stock split or share consolidation noted
FY ending 12/2017 ¥10 ¥5 13.3%
FY ending 12/2016 ¥10 ¥5 5.6%
FY ending 12/2015 ¥10 ¥5 9.9%
FY ending 12/2014 ¥10 ¥3 14.8%
FY ending 12/2013 ¥6 ¥3 Could not be retrieved
FY ending 12/2012 ¥6 ¥3 5.4%

KITOKU SHINRYO

Dividends per share over time

Unit yenSource Annual securities reports

170 113 57 0 4 years ago 3 years ago 2 years ago Last year This year Dividend per share yen

Shareholder composition

As of 2025-12-31Disclosed

Share ownership by holder category

4,320 Shareholders
4.19% Foreign holders (total) Industry median 4.70%
58.66% Individuals and others Industry median 48.66%

KITOKU SHINRYO

Unit %Source Annual securities reports

  • Financial institutions14.50%
  • Securities firms1.82%
  • Other corporations20.80%
  • Foreign holders (institutions)4.11%
  • Foreign holders (individuals)0.08%
  • Individuals and others58.66%

Major shareholders

RankShareholderShareholding ratioShares held
1 木村 良 6.12% 500,000
2 濱田精麦株式会社 5.03% 412,000
3 株式会社神明ホールディングス 4.89% 400,000
4 大和産業株式会社 4.27% 350,000
5 全国農業協同組合連合会 3.66% 300,000
6 株式会社三菱ＵＦＪ銀行 3.66% 300,000
7 株式会社三井住友銀行 2.27% 186,000
8 農林中央金庫 2.27% 186,000
9 木徳神糧従業員持株会 2.05% 167,000
10 ヤマエ久野株式会社 1.87% 153,000

Research and development expenses and capital expenditure

Source: R&D and capital expenditure sections, annual securities reports · 2 years (2020 to 2025)Disclosed

Not disclosed Research and development
¥0.6 billion Capital expenditure 0.4% of revenue (industry median 1.1%)
Fiscal year Capital expenditure
FY ending 12/2025 ¥0.6 billion
FY ending 12/2020 ¥0.5 billion

Revenue scale in the same industry

KITOKU SHINRYO

Source Annual securities reports of each company

Wholesale Trade: 330 companies · revenue · largest first・each company’s latest fiscal year・Consolidated・Disclosed

Workforce information

Source: Annual Securities Report (Jan 2025 to Dec 2025)Parent-onlyDisclosed

283 Employees (parent only) Industry median 228
42.3 Average age Industry median 42.3
15.7 years Average length of service Industry median 13.8 years
¥7.80 million Average annual salary Industry median ¥6.79 million
People and organisation
457.6¥ million Sales per employee Industry median 101.7¥ million FY ending 12/2025 · consolidated / calculated
¥20.85 million Operating income per employee
75.3% Wage gap between men and women
10.7% Women in managerial positions
66.6% Men taking childcare leave
80 Average temporary staff

Administrative filings and published information

Greenhouse gas emissions

Reported to the government for fiscal 2023Disclosed

CategoryEmissions
特定事業所排出者7,566 t-CO2
Sites covered by the report1

Audit and disclosure information

Annual securities report, year ended 2025-12-31Disclosed

ItemValue
Audit firm SK東京監査法人
Audit fees (this year, total) ¥29.50 million
Non-audit fees (this year, total) Not applicable
Going concern note Cannot be determined
Accounting standard Japanese GAAP

See the book series →

Sources and methodology

Retrieved disclosed figures

Accounts and values from the annual securities report, by section

Major management indicators (5 years) (28 items)

ItemValueConsolidated / Non-consolidated
Comprehensive income ¥5.8 billion Consolidated
Net cash provided by (used in) operating activities ¥-1.2 billion Consolidated
Net sales ¥176.2 billion Consolidated
Net cash provided by (used in) investing activities ¥-0.7 billion Consolidated
Cash and cash equivalents ¥5.1 billion Consolidated
Net assets ¥21.0 billion Consolidated
Ordinary income (loss) ¥8.2 billion Consolidated
Total assets ¥56.6 billion Consolidated
Return on equity 31.2% Consolidated
Equity-to-asset ratio 36.1% Consolidated
Net income (loss) attributable to owners of parent ¥5.5 billion Consolidated
Net cash provided by (used in) financing activities ¥3.4 billion Consolidated
Basic earnings (loss) per share 675.4 yen Consolidated
Net assets per share 2,498.06 yen Consolidated
Dividend per share 170 yen Parent only
Net sales ¥174.3 billion Parent only
Net income (loss) ¥5.5 billion Parent only
Total number of issued shares (common stock) 8,530,000 shares Parent only
Net assets ¥19.2 billion Parent only
Ordinary income (loss) ¥8.0 billion Parent only
Total assets ¥54.0 billion Parent only
Return on equity 33.4% Parent only
Equity-to-asset ratio 35.5% Parent only
Capital stock ¥0.5 billion Parent only
Payout ratio 13.4% Parent only
Interim dividend per share 100 yen Parent only
Basic earnings (loss) per share 673.2 yen Parent only
Net assets per share 2,346.86 yen Parent only

Employees (11 items)

ItemValueConsolidated / Non-consolidated
Number of employees 385 people Consolidated
Number of employees 385 people Consolidated
Wage gap between men and women (all employees) 75.3% Parent only
Average length of service (years) 15.71 years Parent only
Average annual salary ¥7.80 million Parent only
Average age (years) 42.27 years old Parent only
Number of employees 283 people Parent only
Number of employees 283 people Parent only
Number of employees 283 people Parent only
Wage gap between men and women (regular employees) 79.2% Parent only
Wage gap between men and women (non-regular employees) 61.9% Parent only

Other disclosed items (16 items)

ItemValueConsolidated / Non-consolidated
Net sales to external customers ¥176.2 billion Consolidated
Average number of temporary employees 80 people Consolidated
Average number of temporary employees 80 people Consolidated
Number of associates accounted for using equity method 1 companies Consolidated
Investments accounted for using equity method ¥3.72 million Consolidated
Increase in property plant and equipment and intangible assets ¥0.6 billion Consolidated
Write-downs of inventories ¥0.9 billion Consolidated
Depreciation ¥0.5 billion Consolidated
Number of consolidated subsidiaries 3 companies Consolidated
Rate of male employees taking childcare leave (all employees) 66.6% Parent only
Average number of temporary employees 77 people Parent only
Average number of temporary employees 77 people Parent only
Average number of temporary employees 77 people Parent only
Total return on the share price index 213.2% Parent only
Write-downs of inventories ¥0.9 billion Parent only
Ratio of female employees in managerial positions 10.7% Parent only

Shares (14 items)

ItemValueConsolidated / Non-consolidated
Number of shares held 2,954,000 shares Consolidated
Total number of shares held treasury shares etc 351,400 shares Consolidated
Number of issues whose number of shares increased shares other than those not listed investment shares held for purposes other than pure investment reporting company 7 issues Consolidated
Total acquisition cost for increased shares shares other than those not listed investment shares held for purposes other than pure investment reporting company ¥58.28 million Consolidated
Number of shares 8,530,000 shares Consolidated
Shareholding ratio treasury shares etc 4.1% Consolidated
Shareholding ratio 36.1% Consolidated
Number of shares held in own name treasury shares etc 351,400 shares Consolidated
Number of voting rights 81,660 units Consolidated
Carrying amount on the balance sheet ¥0.8 billion Consolidated
Carrying amount on the balance sheet ¥2.9 billion Consolidated
Number of issues 20 issues Consolidated
Number of issues 24 issues Consolidated
Total shareholder return 413.9% Parent only

Property and facilities (1 items)

ItemValueConsolidated / Non-consolidated
Capital expenditures ¥0.6 billion Consolidated

Audit (2 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥29.50 million Consolidated
Fees for audit and attestation services - total ¥29.50 million Consolidated

Balance sheet (148 items)

ItemValueConsolidated / Non-consolidated
Other ¥0.1 billion Consolidated
Other ¥23.71 million Consolidated
Other ¥0.3 billion Consolidated
Other ¥0.5 billion Consolidated
Other ¥0.7 billion Consolidated
Other ¥22.52 million Consolidated
Valuation difference on available-for-sale securities ¥1.2 billion Consolidated
Other, net ¥28.97 million Consolidated
Software ¥37.25 million Consolidated
Lease obligations ¥10.63 million Consolidated
Lease obligations ¥6.44 million Consolidated
Lease assets ¥0.1 billion Consolidated
Lease assets ¥5.71 million Consolidated
Lease assets, net ¥11.37 million Consolidated
Work in process ¥0.8 billion Consolidated
Retained earnings ¥18.3 billion Consolidated
Advances received ¥1.5 billion Consolidated
Advance payments trade ¥1.8 billion Consolidated
Raw materials and supplies ¥16.1 billion Consolidated
Notes receivable - trade ¥97.61 million Consolidated
Notes and accounts receivable trade ¥14.9 billion Consolidated
Merchandise and finished goods ¥6.2 billion Consolidated
Non-current liabilities ¥2.9 billion Consolidated
Non-current assets ¥10.3 billion Consolidated
Land ¥2.1 billion Consolidated
Accounts receivable - trade ¥14.8 billion Consolidated
Guarantee deposits ¥0.3 billion Consolidated
Buildings and structures ¥6.4 billion Consolidated
Buildings and structures, net ¥1.5 billion Consolidated
Provision for directors' bonuses ¥25.30 million Consolidated
Investments and other assets ¥5.1 billion Consolidated
Investment securities ¥4.6 billion Consolidated
Notes and accounts payable - trade ¥12.0 billion Consolidated
Property, plant and equipment ¥5.2 billion Consolidated
Accounts receivable - other ¥0.6 billion Consolidated
Income taxes payable ¥2.4 billion Consolidated
Accounts payable - other ¥1.7 billion Consolidated
Shareholders' equity ¥19.0 billion Consolidated
Machinery, equipment and vehicles ¥7.0 billion Consolidated
Machinery, equipment and vehicles, net ¥1.6 billion Consolidated
Current liabilities ¥32.7 billion Consolidated
Current assets ¥46.3 billion Consolidated
Accumulated depreciation ¥-0.3 billion Consolidated
Accumulated depreciation ¥-0.1 billion Consolidated
Accumulated depreciation ¥-4.9 billion Consolidated
Accumulated depreciation ¥-5.4 billion Consolidated
Foreign currency translation adjustment ¥93.09 million Consolidated
Intangible assets ¥65.48 million Consolidated
Cash and cash equivalents ¥5.1 billion Consolidated
Cash and deposits ¥5.1 billion Consolidated
Short-term loans payable ¥11.8 billion Consolidated
Net assets ¥21.0 billion Consolidated
Net assets ¥21.0 billion Consolidated
Total assets ¥56.6 billion Consolidated
Total assets ¥56.6 billion Consolidated
Deferred gains or losses on hedges ¥0.1 billion Consolidated
Deferred tax liabilities ¥0.1 billion Consolidated
Deferred tax assets ¥1.10 million Consolidated
Treasury stock ¥-0.3 billion Consolidated
Valuation and translation adjustments ¥1.4 billion Consolidated
Liabilities ¥35.6 billion Consolidated
Liabilities and net assets ¥56.6 billion Consolidated
Allowance for doubtful accounts ¥-1.27 million Consolidated
Allowance for doubtful accounts ¥-1.75 million Consolidated
Capital surplus ¥0.5 billion Consolidated
Capital stock ¥0.5 billion Consolidated
Asset retirement obligations ¥18.28 million Consolidated
Asset retirement obligations ¥18.00 million Consolidated
Provision for bonuses ¥0.3 billion Consolidated
Long-term loans payable ¥2.6 billion Consolidated
Long-term prepaid expenses ¥0.1 billion Consolidated
Non-controlling interests ¥0.6 billion Consolidated
Current portion of long-term loans payable ¥2.5 billion Consolidated
Other ¥5.07 million Parent only
Other ¥0.4 billion Parent only
Other ¥22.52 million Parent only
Valuation difference on available-for-sale securities ¥1.2 billion Parent only
Other capital surplus ¥0.1 billion Parent only
Software ¥32.85 million Parent only
Lease obligations ¥10.63 million Parent only
Lease obligations ¥6.44 million Parent only
Lease assets ¥5.71 million Parent only
Lease assets, net ¥11.37 million Parent only
Work in process ¥0.8 billion Parent only
Investments in capital ¥18.64 million Parent only
General reserve ¥1.0 billion Parent only
Retained earnings ¥17.2 billion Parent only
Legal retained earnings ¥0.1 billion Parent only
Advances received ¥1.5 billion Parent only
Prepaid expenses ¥0.1 billion Parent only
Advance payments trade ¥1.7 billion Parent only
Raw materials and supplies ¥15.9 billion Parent only
Notes receivable - trade ¥97.31 million Parent only
Merchandise and finished goods ¥5.7 billion Parent only
Non-current liabilities ¥2.8 billion Parent only
Non-current assets ¥9.6 billion Parent only
Reserve for advanced depreciation of noncurrent assets ¥0.3 billion Parent only
Land ¥2.1 billion Parent only
Accounts receivable - trade ¥14.6 billion Parent only
Tools, furniture and fixtures ¥27.61 million Parent only
Guarantee deposits ¥0.3 billion Parent only
Buildings, net ¥1.4 billion Parent only
Provision for directors' bonuses ¥25.30 million Parent only
Investments and other assets ¥4.6 billion Parent only
Investment securities ¥3.8 billion Parent only
Property, plant and equipment ¥4.9 billion Parent only
Accounts receivable - other ¥0.6 billion Parent only
Income taxes payable ¥2.4 billion Parent only
Accrued expenses ¥0.3 billion Parent only
Accounts payable - other ¥1.7 billion Parent only
Shareholders' equity ¥17.9 billion Parent only
Structures, net ¥59.28 million Parent only
Machinery and equipment, net ¥1.4 billion Parent only
Current liabilities ¥32.0 billion Parent only
Current assets ¥44.4 billion Parent only
Intangible assets ¥61.09 million Parent only
Cash and deposits ¥4.5 billion Parent only
Short-term loans payable ¥11.1 billion Parent only
Claims provable in bankruptcy claims provable in rehabilitation and other ¥1.27 million Parent only
Net assets ¥19.2 billion Parent only
Net assets ¥19.2 billion Parent only
Total assets ¥54.0 billion Parent only
Deferred gains or losses on hedges ¥0.1 billion Parent only
Deferred tax liabilities ¥0.1 billion Parent only
Retained earnings brought forward ¥15.8 billion Parent only
Treasury stock ¥-0.3 billion Parent only
Valuation and translation adjustments ¥1.3 billion Parent only
Liabilities ¥34.8 billion Parent only
Liabilities and net assets ¥54.0 billion Parent only
Accounts payable - trade ¥12.0 billion Parent only
Allowance for doubtful accounts ¥-1.27 million Parent only
Allowance for doubtful accounts ¥-0.61 million Parent only
Capital surplus ¥0.4 billion Parent only
Legal capital surplus ¥0.3 billion Parent only
Capital stock ¥0.5 billion Parent only
Asset retirement obligations ¥18.28 million Parent only
Asset retirement obligations ¥18.00 million Parent only
Provision for bonuses ¥0.3 billion Parent only
Vehicles, net ¥0 Parent only
Long-term loans payable ¥2.6 billion Parent only
Long-term prepaid expenses ¥96.76 million Parent only
Long term accounts payable other ¥0.1 billion Parent only
Long-term loans receivable ¥1.06 million Parent only
Investments in capital of subsidiaries and affiliates ¥16.64 million Parent only
Shares of subsidiaries and associates ¥0.4 billion Parent only
Guarantee deposited-NCL ¥1.79 million Parent only
Deposits received ¥0.2 billion Parent only
Current portion of long-term loans payable ¥2.5 billion Parent only

Accounts unique to this company (12 items)

ItemValueConsolidated / Non-consolidated
Revenue ¥0.1 billion Consolidated
Revenue ¥43.20 million Consolidated
Revenue ¥38.52 million Consolidated
Revenue ¥0.1 billion Consolidated
Revenue ¥0.1 billion Consolidated
Revenue ¥-43.20 million Consolidated
Revenue ¥3.5 billion Consolidated
Revenue ¥0.1 billion Parent only
Revenue ¥43.20 million Parent only
Revenue ¥38.52 million Parent only
Revenue ¥0.1 billion Parent only
Revenue ¥3.3 billion Parent only

Statement of income (97 items)

ItemValueConsolidated / Non-consolidated
Other ¥85.50 million Consolidated
Other ¥67.25 million Consolidated
Other comprehensive income ¥0.2 billion Consolidated
Valuation difference on available for sale securities net of tax ¥0.2 billion Consolidated
Real estate rent ¥37.44 million Consolidated
Rent expenses on real estates ¥4.57 million Consolidated
Dividends from surplus ¥-0.3 billion Consolidated
Comprehensive income ¥5.8 billion Consolidated
Insurance ¥30.72 million Consolidated
Interest income ¥4.75 million Consolidated
Dividend income ¥0.2 billion Consolidated
Operating income ¥8.0 billion Consolidated
Operating income ¥8.0 billion Consolidated
Non-operating income ¥0.4 billion Consolidated
Non-operating expenses ¥0.3 billion Consolidated
Net cash provided by (used in) operating activities ¥-1.2 billion Consolidated
Gain on sales of non-current assets ¥7.66 million Consolidated
Loss on retirement of non-current assets ¥27.86 million Consolidated
Cost of sales ¥160.5 billion Consolidated
Gross profit (loss) ¥15.7 billion Consolidated
Net sales ¥176.2 billion Consolidated
Net sales ¥176.2 billion Consolidated
Net income ¥5.5 billion Consolidated
Net income ¥5.5 billion Consolidated
Net income (loss) ¥5.6 billion Consolidated
Net income (loss) ¥5.6 billion Consolidated
Provision for directors' bonuses ¥23.30 million Consolidated
Provision for directors' retirement benefits ¥3.88 million Consolidated
Loss on valuation of investment securities ¥3.35 million Consolidated
Net cash provided by (used in) investing activities ¥-0.7 billion Consolidated
Share of profit of investments accounted for using equity method ¥0.95 million Consolidated
Interest expenses ¥0.2 billion Consolidated
Income taxes - current ¥2.7 billion Consolidated
Income taxes ¥2.3 billion Consolidated
Income taxes - deferred ¥-0.3 billion Consolidated
Depreciation ¥58.30 million Consolidated
Impairment loss ¥71.72 million Consolidated
Impairment loss ¥71.72 million Consolidated
Foreign exchange gains ¥23.95 million Consolidated
Foreign currency translation adjustment net of tax ¥6.06 million Consolidated
Extraordinary income ¥7.66 million Consolidated
Extraordinary loss ¥0.2 billion Consolidated
Effect of exchange rate change on cash and cash equivalents ¥7.54 million Consolidated
Net increase (decrease) in cash and cash equivalents ¥1.5 billion Consolidated
Income (loss) before income taxes ¥7.9 billion Consolidated
Income (loss) before income taxes ¥7.9 billion Consolidated
Ordinary income ¥8.2 billion Consolidated
Salaries and allowances ¥1.7 billion Consolidated
Deferred gains or losses on hedges net of tax ¥33.70 million Consolidated
Disposal of treasury stock ¥27.32 million Consolidated
Purchase of treasury stock ¥-0.41 million Consolidated
Comprehensive income attributable to owners of parent ¥5.7 billion Consolidated
Net cash provided by (used in) financing activities ¥3.4 billion Consolidated
Selling, general and administrative expenses ¥7.7 billion Consolidated
Reversal of allowance for doubtful accounts ¥0.07 million Consolidated
Provision of allowance for doubtful accounts ¥1.91 million Consolidated
Provision for bonuses ¥0.2 billion Consolidated
Retirement benefit expenses ¥33.42 million Consolidated
Comprehensive income attributable to non-controlling interests ¥74.82 million Consolidated
Net income (loss) attributable to non-controlling interests ¥66.89 million Consolidated
Other ¥72.62 million Parent only
Other ¥67.19 million Parent only
Real estate rent ¥37.44 million Parent only
Rent expenses on real estates ¥4.57 million Parent only
Dividends from surplus ¥-0.3 billion Parent only
Insurance ¥30.72 million Parent only
Interest and dividend income ¥0.2 billion Parent only
Operating income ¥7.9 billion Parent only
Non-operating income ¥0.4 billion Parent only
Non-operating expenses ¥0.2 billion Parent only
Gain on sales of non-current assets ¥7.66 million Parent only
Loss on retirement of non-current assets ¥27.86 million Parent only
Cost of sales ¥159.3 billion Parent only
Gross profit (loss) ¥15.0 billion Parent only
Net sales ¥174.3 billion Parent only
Net income (loss) ¥5.5 billion Parent only
Net income (loss) ¥5.5 billion Parent only
Provision for directors' bonuses ¥23.30 million Parent only
Provision for directors' retirement benefits ¥3.88 million Parent only
Loss on valuation of investment securities ¥3.35 million Parent only
Interest expenses ¥0.1 billion Parent only
Income taxes - current ¥2.7 billion Parent only
Income taxes ¥2.3 billion Parent only
Income taxes - deferred ¥-0.3 billion Parent only
Depreciation ¥54.54 million Parent only
Impairment loss ¥71.72 million Parent only
Foreign exchange gains ¥0.15 million Parent only
Extraordinary income ¥7.66 million Parent only
Extraordinary loss ¥0.2 billion Parent only
Income (loss) before income taxes ¥7.8 billion Parent only
Ordinary income ¥8.0 billion Parent only
Salaries and allowances ¥1.5 billion Parent only
Disposal of treasury stock ¥27.32 million Parent only
Purchase of treasury stock ¥-0.41 million Parent only
Selling, general and administrative expenses ¥7.2 billion Parent only
Provision of allowance for doubtful accounts ¥0.85 million Parent only
Provision for bonuses ¥0.2 billion Parent only

Statement of changes in equity (4 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥5.5 billion Consolidated
Net changes in items other than shareholders' equity ¥0.3 billion Consolidated
Total changes during the period ¥5.4 billion Parent only
Net changes in items other than shareholders' equity ¥0.2 billion Parent only

Statement of cash flows (39 items)

ItemValueConsolidated / Non-consolidated
Other ¥92.81 million Consolidated
Other ¥19.36 million Consolidated
Other ¥-35.97 million Consolidated
Increase (decrease) in other current liabilities ¥99.14 million Consolidated
Decrease (increase) in other current assets ¥1.9 billion Consolidated
Repayments of lease obligations ¥-13.26 million Consolidated
Increase decrease in notes and accounts payable trade ¥5.4 billion Consolidated
Interest expenses paid ¥-0.2 billion Consolidated
Interest and dividends income received ¥0.2 billion Consolidated
Interest and dividend income ¥-0.2 billion Consolidated
Loss (gain) on sales of fixed assets ¥-7.66 million Consolidated
Loss on retirement of non-current assets ¥27.86 million Consolidated
Decrease increase in notes and accounts receivable trade ¥-3.2 billion Consolidated
Net decrease (increase) in time deposits ¥-0.33 million Consolidated
Subtotal ¥-0.3 billion Consolidated
Increase decrease in provision for directors bonuses ¥1.40 million Consolidated
Increase decrease in provision for directors retirement benefits ¥-26.64 million Consolidated
Purchase of investment securities ¥-0.1 billion Consolidated
Valuation gains (losses) on investment securities ¥3.35 million Consolidated
Equity in earnings losses of affiliates ¥-0.95 million Consolidated
Interest expenses ¥0.2 billion Consolidated
Increase (decrease) in short-term investments securities ¥16.24 million Consolidated
Purchase of property plant and equipment ¥-0.6 billion Consolidated
(Increase) decrease in accounts receivables other ¥-0.2 billion Consolidated
Decrease (increase) in inventories ¥-12.9 billion Consolidated
Income taxes refund (paid) ¥-0.9 billion Consolidated
Depreciation ¥0.5 billion Consolidated
Impairment loss ¥71.72 million Consolidated
Purchase of intangible assets ¥-6.20 million Consolidated
Decrease/increase in short-term loans payable ¥3.3 billion Consolidated
Regarding purchase of treasury stock ¥-0.41 million Consolidated
Payments of loans receivable ¥-2.54 million Consolidated
Collection of loans receivable ¥1.85 million Consolidated
Increase (decrease) in allowance for doubtful accounts ¥1.32 million Consolidated
Increase (decrease) in provision for bonuses ¥22.16 million Consolidated
Dividends ¥-0.3 billion Consolidated
Proceeds from long term loans payable ¥3.0 billion Consolidated
Repayment of long term loans payable ¥-2.5 billion Consolidated
Dividends paid to non-controlling interests ¥-28.67 million Consolidated
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥-1.2 billion ConsolidatedDisclosed
Dividend per share 170 Parent onlyDisclosed
Number of employees 385 ConsolidatedDisclosed
Net assets ¥21.0 billion ConsolidatedDisclosed
Net sales ¥176.2 billion ConsolidatedDisclosed
Operating income ¥8.0 billion ConsolidatedDisclosed
Ordinary income ¥8.2 billion ConsolidatedDisclosed
Net income ¥5.5 billion ConsolidatedDisclosed
Total assets ¥56.6 billion ConsolidatedDisclosed
Operating margin 4.6%ConsolidatedCalculated
Net margin 3.1%ConsolidatedCalculated
Sales per employee 457639842 yenConsolidatedCalculated
Total asset turnover 3.11 timesConsolidatedCalculated
Net assets to total assets 37.2%ConsolidatedCalculated
How to read the figures, and caveats

Terms

  • Consolidated: the parent company together with the subsidiaries it consolidates
  • Parent-only: the single company that filed the annual securities report
  • Calculated: a disclosed figure put through the formula shown
  • Not disclosed: no such value in the filing (not treated as zero)
  • Not retrieved: a value this page could not extract, including values in the filing that could not be matched. The same item may appear in another table
  • Segment: a business division the company uses in its disclosures
  • Industry median: the middle value among companies in the same industry that disclose the item
  • ★: position when every company is lined up by value (not a judgement of the company)See the formulas
  • Source: document name, period covered, filing date and where it was obtained
  • Tables scroll sideways

Key figures

  • Operating margin 4.6%　Operating income ÷ net sales 　＝ ¥8.0 billion ÷ ¥176.2 billion
    Operating income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Net margin 3.1%　Net income ÷ net sales 　＝ ¥5.5 billion ÷ ¥176.2 billion
    Net income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Sales per employee 457,639,842 yen　Sales or operating revenue ÷ employees 　＝ ¥176.2 billion ÷ 385 people
    Sales or operating revenue ÷ employees. The denominator is Number of employees (Consolidated, Japanese GAAP).
  • Total asset turnover 3.11 times　Sales or operating revenue ÷ total assets 　＝ ¥176.2 billion ÷ ¥56.6 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).
  • Net assets to total assets 37.2%　Net assets ÷ total assets 　＝ ¥21.0 billion ÷ ¥56.6 billion
    Net assets ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).

Company details

  • Representative　President, Representative Director, gBizINFO
  • Consolidated subsidiaries　Annual Securities Report

Revenue and profit by business segment

  • Source: segment information, Annual Securities Report (Jan 2025 to Dec 2025) · Consolidated · Net sales to external customers · filed 2026-03-25
  • Share: against the total of Net sales to external customers disclosed by business (100%). Adjustments, corporate, eliminations and “other” left out as they are not businesses (so no match with company-wide Net sales to external customers). Margin: calculated against the Net sales to external customers on the same row“報告セグメント計” in the segment information of the annual securities report: ¥176.2 billion. Gap against this table’s total (the part not listed as a business, such as “other”) within 1%The account may differ from “Revenue” at the top of this page

Amounts by account

  • Totals and their component lines together; consolidated and parent-only figures mixed (right-hand column)

Selling, general and administrative expenses

  • Breakdown of selling, general and administrative expenses (costs of selling and running the company). Cost of sales not included
  • Each item: already inside the SG&A total (not added to it)

Finance

  • Net assets to total assets　Net assets ÷ total assets
  • Return on assets (ROA)　Net income ÷ total assets (consolidated)
  • Net assets per share　Consolidated
  • Free cash flow　Free cash flow: operating cash flow (cash generated by the business) plus investing cash flow (asset purchases, disposals and other investments), consolidated
  • Total assets　Consolidated

Capital allocation

  • ★: position when all companies are sorted by value and cut into fifths (a position, not a rating). The five items with ★: only where both numerator and denominator are available on a consolidated basisSee the formulas
  • Cash conversion　Net cash provided by (used in) operating activities ÷ operating income
  • Increase in working capital　(increase in trade receivables + increase in inventories) ÷ net sales (or operating revenue)。Trade receivables up ¥3.2 billion + inventories up ¥12.9 billion, over net sales ¥176.2 billion
  • Property, plant and equipment purchases relative to depreciation　Purchase of property, plant and equipment ÷ depreciation。Purchase of property, plant and equipment ¥0.6 billion, over depreciation ¥0.5 billion
  • Extraordinary gains and losses relative to ordinary profit　(extraordinary income − extraordinary loss) ÷ ordinary income。Extraordinary income ¥7.66 million − extraordinary loss ¥0.2 billion, over ordinary income ¥8.2 billion
  • Investment securities to net assets　Investment securities ÷ net assets。Investment securities ¥4.6 billion, over net assets ¥21.0 billion

Long-term changes in performance

  • Revenue　Disclosed value for 2025 ÷ disclosed value for 2012

Year-on-year comparison

  • Year on year: calculated only where the item, reporting range and accounting standard match and the periods are consecutive
  • Comparison basis not confirmed: periods with a change of accounting standard or reporting range, a moved fiscal year end, or an unconfirmed period
  • ◆: a period where revenue moved 20% or more from the prior year, profit as a share of revenue moved 2.0 percentage points or more, or profit or loss changed sign. Item used named in the table and list. Not a ranking of companies

Earnings and net assets per share over time

  • Earnings per share = net profit ÷ shares; net assets per share = net assets ÷ shares. Disclosed values from the key financial indicators of the annual securities report. No share prices used

Return on equity over time

  • Return on equity (ROE): net profit as a proportion of equity. For Japanese companies, the disclosed value in the key financial indicators of the annual securities report (decimals converted to percentages)

Dividend history

  • Payout ratio: dividends as a proportion of net profit. Dividend amounts and payout ratios: the reporting company’s parent-only disclosed values (as written in the annual securities report, not recalculated from consolidated profit). Consecutive increases: years in a row, from the latest backwards, in which the annual dividend per share rose. Consecutive years with a dividend: years in a row with an annual dividend per share above zero. Both this site’s own count (not the criteria of any published index). A year with no disclosure not read as zero; counting stops there. Range limited to the years listed above. Flagged 2 years: a note about a stock split or share consolidation, or a period other than 12 months. No calculation across those years, as the dividend per share may rest on a different share base.

Share ownership by holder category

  • Source: ownership table, annual securities report. Percentages as disclosed, calculated on trading units (some companies do not total exactly 100%). Foreign holders (total): institutions and individuals combined. “Individuals and others”: a register category (not necessarily the share actually held by individuals). Industry median: the middle value among companies in Wholesale Trade that disclose the item (industries with at least 5 companies only).

Major shareholders

  • Source: major shareholders table, annual securities report. Trust bank holdings as written (whose trust is not disclosed)

Research and development expenses and capital expenditure

  • Research and development: total in the R&D section of the annual securities report. Capital expenditure: this year’s actual spending in the capital expenditure overview (not a plan). Years: only those available in the annual securities reports on hand (one to four per company); no row for other years. Share of revenue: divided by consolidated revenue in the same annual securities report. Industry median: the middle value among companies in Wholesale Trade that disclose the item (industries with at least 5 companies only).

Revenue scale in the same industry

  • Revenue (disclosed values) of companies in the same industry, using the same grouping as the industry pages. Only the top three and the two companies either side of this one. Bar length relative to the largest company (100). An order of size, not a ranking of quality

Workforce information

  • All four: the reporting company (parent-only), as disclosed in the employee section of the annual securities report. Employees across the consolidated group: 385 (a different scope, kept apart from the four above). Industry median: the middle value among companies in Wholesale Trade that disclose the item (industries with at least 5 companies only).

People and organisation

  • Sales per employee　Net sales (or operating revenue) ÷ employees
  • Operating income per employee　Operating income ÷ employees
  • Wage gap between men and women　Women's pay with men's pay set to 100, reporting company
  • Women in managerial positions　Reporting company (parent only)
  • Men taking childcare leave　Reporting company (parent only)
  • Average temporary staff　Consolidated, average headcount other than regular employees

Greenhouse gas emissions

  • Source: processed from the Ministry of the Environment’s greenhouse gas calculation, reporting and disclosure system (EEGS). Companies required to report only Ministry of the Environment (EEGS)

Audit and disclosure information

  • Whether there is a going concern note (the accounting assumption that a company will continue operating), and audit information
  • Audit firm, audit fees, going concern note and accounting standard: facts written in the latest annual securities report and the audit report filed with it (not a judgement of the company). Going concern note: “note” when the note text is present, “not applicable” when the report states nothing to report, “cannot be determined” when neither appears. Note text not reproduced. Amended filings not shown (annual securities reports only)

Data sources and calculation methods

Primary source: the annual securities report of KITOKU SHINRYO CO., LTD. on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 4010001040882 / Accounting standard: Japanese GAAP

  • Amounts: machine transcription of EDINET XBRL (no manual re-keying). Long narrative notes are text and not in the account list. Identifiers: machine transcription of the EDINET code list (retrieved 2026-08-22)
  • ★: position of the value calculated from disclosed figures among the 4,240 companies on this site, on a five-step scale. Not a judgement of the company. No forecasts usedThe formulas and how they are counted
  • No rank: net assets as a share of total assets, cash conversion and revenue per employee (size alone does not show quality). Industry median shown for comparison. Cash conversion of 100%: operating cash flow equal to operating profit
  • Profit-and-loss chart: only where “sales − cost of sales − SG&A = operating income” holds between disclosed values. Cost breakdown: the six largest SG&A items
  • Trend charts: key financial indicators of the annual securities report. Amounts in billions of yen (dividend per share in yen). Long-run chart joins reports filed in different years (newer report for overlapping years). Some items stop part-way after a change of accounting standard. A stock split changes the weight of one share. Consolidated and parent-only in separate tables
  • Revenue scale in the same industry: bars of revenue (disclosed values) of companies in the same industry grouping as the industry pages, largest first. Only the top three and the two companies either side of this one. Each company’s latest fiscal year. An order of size, not a ranking of quality or an investment view
  • Share prices: not published (no data source allows redistribution). No share-price-based indicators (such as the price earnings ratio) and no extension of past growth into the future
  • Average age, average length of service and average annual salary: the reporting company alone (the parent). At a holding company, a small head-office staff. Payout ratio (basic facts): dividend per share ÷ consolidated earnings per share, calculated here (the payout ratio in the annual securities report is the reporting company’s figure, on a different basis). Representative and founding date: gBizINFO (Ministry of Economy, Trade and Industry), some companies only
  • “Retrieved disclosed figures”: every value readable as a number from the annual securities report. Company-wide values only (no segment or other breakdowns)
  • Segment table: machine transcription of the segment information in the annual securities report. Business names as labelled by the company in its XBRL. No table where segment sales differ from the disclosed total by more than 1%. Adjustments, corporate, eliminations and “other” left out of the table and the share denominator, as they are not businesses
  • Breakdowns of amounts, not diagrams of how the business works. Who pays whom, and for what, is not in the disclosed figures; no lines drawn from guesswork