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TMH

TMH Inc.

Company highlights

The largest holder on the register is ET Family Asset株式会社, at 54.1%.

Key figures

Period Dec 2024 to Nov 2025ConsolidatedJapanese GAAP

RevenueDisclosed ¥8.6B
Operating marginCalculated 4.1%
Net assets to total assetsCalculated 51.4%

Company profile

Securities code 280A / EDINET code E40175 / Wholesale Trade / Fiscal year end end of November

大分市下郡北三丁目１４番６号　メゾンドールⅡ　１号／Capital stock ¥312 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Official website: http://www.tmh-inc.co.jp/
Official website: gBizINFO (Ministry of Economy, Trade and Industry).

Company details
榎並 大輔 Representative
1 Consolidated subsidiaries

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Dec 2024 to Nov 2025) · filed 2026-02-27

Profitability ★★☆☆☆position among all companies 4.1%
Growth (revenue, 4-year average) ★★★★★position among all companies 65.5%
Capital efficiency ★★★★★position among all companies 20.7%

Business activities and revenue composition

Revenue and profit by business segment

Disclosed segments (business divisions used in reporting): one

Revenue and profit

TMH

Period Dec 2024 to Nov 2025Source Annual securities reports

Net sales and operating revenue ¥8.6B　100% Cost of sales ¥7.7B　89% Selling, general and administrative expenses ¥0.6B　7% Operating income ¥0.4B　4%
Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Salaries and allowances ¥0.1 billion Consolidated
Directors' compensations ¥0.1 billion Consolidated
Depreciation ¥10.59 million Consolidated
Provision for bonuses ¥1.15 million Consolidated
Retirement benefit expenses ¥0.21 million Consolidated
Profit by stage Gross profit (loss) ¥1.0 billion Consolidated
Operating income ¥0.4 billion Consolidated
Ordinary income ¥0.3 billion Consolidated
Net income ¥0.2 billion Consolidated

TMH

Selling, general and administrative expenses

Period Dec 2024 to Nov 2025Source Annual securities reports

Salaries and allowances ¥0.1 billion (24.0%)24%Directors' compensations ¥0.1 billion (19.7%)20%Depreciation ¥0.0 billion (1.7%)Provision for bonuses ¥0.0 billion (0.2%)Retirement benefit expenses ¥0.0 billion (0.0%)Other (not itemized) ¥0.3 billion (54.4%)54%¥0.6B
  • Salaries and allowances　¥0.1 billion
  • Directors' compensations　¥0.1 billion
  • Depreciation　¥0.0 billion
  • Provision for bonuses　¥0.0 billion
  • Retirement benefit expenses　¥0.0 billion
  • Other (not itemized)　¥0.3 billion

Performance, financial position and capital allocation

Finance
51.4% Net assets to total assets Industry median 50.6% FY ending 11/2025 · consolidated / calculated
9.0% Return on assets (ROA)
¥385.13 Net assets per share
¥-2.4 billion Free cash flow
¥2.8 billion Total assets
Capital allocation
452.9% Cash conversion Industry median 94.2% FY ending 11/2025 · consolidated / calculated
6.7% Increase in working capital ★★★★★ position among all companies FY ending 11/2025 · consolidated / calculated
57.0% Property, plant and equipment purchases relative to depreciation ★★☆☆☆ position among all companies FY ending 11/2025 · consolidated / calculated

Recent performance trends

Year-on-year comparison

Period 2021 to 2025Disclosed

Item20212022202320242025
Net sales ¥1.1B ¥1.7B ¥1.7B ¥6.0B ¥8.6B
Year on year (%) Could not be retrieved +53.0%◆ +2.8% +244.4%◆ comparison basis not confirmed
Ordinary income (loss) ¥0.0B ¥0.2B -¥0.4B ¥0.3B ¥0.3B
Change from prior year Could not be retrieved +2,596.2% profit to loss◆ loss to profit◆ comparison basis not confirmed
Ordinary income (loss) as a share of Net sales 0.8% 14.5% -20.2% 5.1% 3.9%
Change (percentage points) Could not be retrieved +13.7 points◆ -34.7 points◆ +25.3 points◆ comparison basis not confirmed

Fiscal periods marked for changes

  • 2022Net sales year on year +53.0%, Ordinary income (loss) as a share of revenue +13.7 points
  • 2023Ordinary income (loss) as a share of revenue -34.7 points, Ordinary income (loss) profit to loss
  • 2024Net sales year on year +244.4%, Ordinary income (loss) as a share of revenue +25.3 points, Ordinary income (loss) loss to profit
Consolidated indicators (15 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved ¥8.6 billion
Ordinary income (loss) Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved ¥0.3 billion
Net income (loss) attributable to owners of parent Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved ¥0.2 billion
Comprehensive income Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved ¥0.2 billion
Net assets Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved ¥1.4 billion
Total assets Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved ¥2.8 billion
Net assets per share Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved 385.13 yen
Basic earnings (loss) per share Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved 67.73 yen
Diluted earnings per share Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved 66.1 yen
Equity-to-asset ratio Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved 51.4%
Return on equity Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved 17.5%
Net cash provided by (used in) operating activities Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved ¥-2.4 billion
Net cash provided by (used in) investing activities Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved ¥0.29 million
Net cash provided by (used in) financing activities Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved ¥0.5 billion
Cash and cash equivalents Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved ¥0.6 billion
Parent only indicators (16 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥1.1 billion ¥1.7 billion ¥1.7 billion ¥6.0 billion ¥8.3 billion
Ordinary income (loss) ¥9.13 million ¥0.2 billion ¥-0.4 billion ¥0.3 billion ¥0.3 billion
Net income (loss) ¥5.70 million ¥0.2 billion ¥0.1 billion ¥0.3 billion ¥0.2 billion
Capital stock ¥0.1 billion ¥0.1 billion ¥0.1 billion ¥0.1 billion ¥0.3 billion
Total number of issued shares (common stock) 11,680 shares 11,680 shares 11,880 shares 3,366,250 shares 3,698,100 shares
Net assets ¥82.07 million ¥0.4 billion ¥0.5 billion ¥0.8 billion ¥1.4 billion
Total assets ¥0.8 billion ¥2.8 billion ¥1.7 billion ¥3.8 billion ¥2.7 billion
Net assets per share -25,856.62 yen -36.65 yen 5.66 yen 232.24 yen 380.18 yen
Basic earnings (loss) per share 435.61 yen 65.4 yen 34.89 yen 80.95 yen 61.41 yen
Diluted earnings per share Could not be retrieved Could not be retrieved Could not be retrieved Could not be retrieved 59.94 yen
Equity-to-asset ratio 10.7% 13.3% 30.0% 20.5% 51.2%
Return on equity 7.2% 96.2% 26.6% 42.2% 20.7%
Net cash provided by (used in) operating activities Could not be retrieved ¥1.4 billion ¥-1.1 billion ¥1.5 billion Could not be retrieved
Net cash provided by (used in) investing activities Could not be retrieved ¥-31.45 million ¥-23.15 million ¥-0.2 billion Could not be retrieved
Net cash provided by (used in) financing activities Could not be retrieved ¥52.99 million ¥1.64 million ¥95.36 million Could not be retrieved
Cash and cash equivalents Could not be retrieved ¥2.1 billion ¥1.1 billion ¥2.5 billion Could not be retrieved

Shareholder composition

As of 2025-11-30Disclosed

Share ownership by holder category

1,566 Shareholders
8.81% Foreign holders (total) Industry median 4.70%
33.15% Individuals and others Industry median 48.66%

TMH

Unit %Source Annual securities reports

  • Financial institutions0.95%
  • Securities firms0.83%
  • Other corporations56.26%
  • Foreign holders (institutions)4.67%
  • Foreign holders (individuals)4.14%
  • Individuals and others33.15%

Major shareholders

RankShareholderShareholding ratioShares held
1 ET Family Asset株式会社 54.08% 2,000,000
2 SBI AI&Blockchain投資事業有限責任組合 6.76% 250,000
3 榎並 大輔 2.69% 99,500
4 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） 2.49% 92,100
5 LIN SHU-HUNG（常任代理人 行政書士法人中央ライズアクロス） 2.02% 75,000
6 LIN SHU-HSUAN（常任代理人 行政書士法人中央ライズアクロス） 2.02% 75,000
7 九州アントレプレナークラブ２号投資事業有限責任組合 1.87% 69,500
8 藤本 茂 1.84% 68,200
9 CBC株式会社 1.69% 62,500
10 関 真希 1.48% 55,000

Research and development expenses and capital expenditure

Source: R&D and capital expenditure sections, annual securities reports · 1 years (FY 2025)Disclosed

Not disclosed Research and development
¥22.88 million Capital expenditure 0.3% of revenue (industry median 1.1%)

Revenue scale in the same industry

TMH

Source Annual securities reports of each company

Wholesale Trade: 330 companies · revenue · largest first・each company’s latest fiscal year・consolidated (parent-only where no consolidated figures)・Disclosed

  • 1 MitsubishiFY Mar 2026 ¥18.9T
  • 2 ITOCHUFY Mar 2026 ¥14.8T
  • 3 MITSUI &FY Mar 2026 ¥14.0T
  • … 295 companies
  • 299 AmifaFY Sep 2025 ¥8.8B
  • 300 ZAOHFY Mar 2026 ¥8.8B
  • 301 TMHThis companyFY Nov 2025 ¥8.6B
  • 302 AZEARTHFY Apr 2026 ¥8.3B
  • 303 StridersFY Mar 2026 ¥8.2B
  • … 27 companies

Workforce information

Source: Annual Securities Report (Dec 2024 to Nov 2025)Parent-onlyDisclosed

43 Employees (parent only) Industry median 228
43.6 Average age Industry median 42.3
3.3 years Average length of service Industry median 13.8 years
¥6.58 million Average annual salary Industry median ¥6.79 million
People and organisation
191.7¥ million Sales per employee Industry median 101.7¥ million FY ending 11/2025 · consolidated / calculated
¥7.90 million Operating income per employee

Administrative filings and published information

Workplace information filings

Filed 2020-07-10Disclosed

ItemValue
Employees 35

Audit and disclosure information

Annual securities report, year ended 2025-11-30Disclosed

ItemValue
Audit firm 有限責任監査法人トーマツ
Audit fees (this year, total) ¥24.31 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) (27 items)

ItemValueConsolidated / Non-consolidated
Comprehensive income ¥0.2 billion Consolidated
Net cash provided by (used in) operating activities ¥-2.4 billion Consolidated
Net sales ¥8.6 billion Consolidated
Net cash provided by (used in) investing activities ¥0.29 million Consolidated
Diluted earnings per share 66.1 yen Consolidated
Cash and cash equivalents ¥0.6 billion Consolidated
Net assets ¥1.4 billion Consolidated
Ordinary income (loss) ¥0.3 billion Consolidated
Total assets ¥2.8 billion Consolidated
Return on equity 17.5% Consolidated
Equity-to-asset ratio 51.4% Consolidated
Net income (loss) attributable to owners of parent ¥0.2 billion Consolidated
Net cash provided by (used in) financing activities ¥0.5 billion Consolidated
Basic earnings (loss) per share 67.73 yen Consolidated
Net assets per share 385.13 yen Consolidated
Net sales ¥8.3 billion Parent only
Net income (loss) ¥0.2 billion Parent only
Diluted earnings per share 59.94 yen Parent only
Total number of issued shares (common stock) 3,698,100 shares Parent only
Net assets ¥1.4 billion Parent only
Ordinary income (loss) ¥0.3 billion Parent only
Total assets ¥2.7 billion Parent only
Return on equity 20.7% Parent only
Equity-to-asset ratio 51.2% Parent only
Capital stock ¥0.3 billion Parent only
Basic earnings (loss) per share 61.41 yen Parent only
Net assets per share 380.18 yen Parent only

Employees (7 items)

ItemValueConsolidated / Non-consolidated
Number of employees 45 people Consolidated
Number of employees 45 people Consolidated
Average length of service (years) 3.3 years Parent only
Average annual salary ¥6.58 million Parent only
Average age (years) 43.6 years old Parent only
Number of employees 43 people Parent only
Number of employees 43 people Parent only

Accounts unique to this company (1 items)

ItemValueConsolidated / Non-consolidated
Revenue 3,698,100 Parent only

Property and facilities (1 items)

ItemValueConsolidated / Non-consolidated
Capital expenditures ¥22.88 million Consolidated

Shares (4 items)

ItemValueConsolidated / Non-consolidated
Number of shares held 2,846,800 shares Consolidated
Number of shares 3,698,100 shares Consolidated
Shareholding ratio 77.0% Consolidated
Number of voting rights 36,954 units Consolidated

Audit (2 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥24.31 million Consolidated
Fees for audit and attestation services - total ¥24.31 million Consolidated

Balance sheet (91 items)

ItemValueConsolidated / Non-consolidated
Other ¥25.38 million Consolidated
Other ¥0.2 billion Consolidated
Other ¥48.55 million Consolidated
Other ¥23.98 million Consolidated
Other, net ¥1.87 million Consolidated
Retained earnings ¥0.8 billion Consolidated
Merchandise ¥0.9 billion Consolidated
Non-current liabilities ¥0.1 billion Consolidated
Non-current assets ¥0.3 billion Consolidated
Land ¥93.32 million Consolidated
Accounts receivable - trade ¥0.2 billion Consolidated
Contract liabilities ¥0.3 billion Consolidated
Buildings and structures, net ¥0.1 billion Consolidated
Investments and other assets ¥48.87 million Consolidated
Property, plant and equipment ¥0.2 billion Consolidated
Consumption taxes receivable ¥0.7 billion Consolidated
Income taxes payable ¥64.69 million Consolidated
Shareholders' equity ¥1.4 billion Consolidated
Machinery, equipment and vehicles, net ¥1.03 million Consolidated
Current liabilities ¥1.2 billion Consolidated
Current assets ¥2.5 billion Consolidated
Accumulated depreciation ¥-45.05 million Consolidated
Foreign currency translation adjustment ¥-4.92 million Consolidated
Intangible assets ¥23.98 million Consolidated
Cash and cash equivalents ¥0.6 billion Consolidated
Cash and deposits ¥0.6 billion Consolidated
Short-term loans payable ¥0.2 billion Consolidated
Net assets ¥1.4 billion Consolidated
Net assets ¥1.4 billion Consolidated
Total assets ¥2.8 billion Consolidated
Deferred tax assets ¥23.48 million Consolidated
Valuation and translation adjustments ¥-4.92 million Consolidated
Liabilities ¥1.3 billion Consolidated
Liabilities and net assets ¥2.8 billion Consolidated
Supplies ¥0.12 million Consolidated
Accounts payable - trade ¥0.4 billion Consolidated
Capital surplus ¥0.3 billion Consolidated
Capital stock ¥0.3 billion Consolidated
Asset retirement obligations ¥2.24 million Consolidated
Provision for bonuses ¥1.15 million Consolidated
Net defined benefit liability ¥0.21 million Consolidated
Long-term loans payable ¥0.1 billion Consolidated
Current portion of long-term loans payable ¥31.29 million Consolidated
Other ¥6.13 million Parent only
Other ¥3.23 million Parent only
Other capital surplus ¥81.92 million Parent only
Other, net ¥1.87 million Parent only
Software ¥6.80 million Parent only
Software in progress ¥17.19 million Parent only
Retained earnings ¥0.8 billion Parent only
Prepaid expenses ¥10.28 million Parent only
Advance payments trade ¥2.32 million Parent only
Merchandise ¥0.9 billion Parent only
Non-current liabilities ¥0.1 billion Parent only
Non-current assets ¥0.4 billion Parent only
Land ¥93.32 million Parent only
Accounts receivable - trade ¥0.2 billion Parent only
Contract liabilities ¥0.3 billion Parent only
Buildings, net ¥0.1 billion Parent only
Investments and other assets ¥0.2 billion Parent only
Property, plant and equipment ¥0.2 billion Parent only
Consumption taxes receivable ¥0.7 billion Parent only
Income taxes payable ¥60.20 million Parent only
Accrued expenses ¥89.30 million Parent only
Accounts payable - other ¥14.96 million Parent only
Shareholders' equity ¥1.4 billion Parent only
Structures, net ¥0.67 million Parent only
Current liabilities ¥1.2 billion Parent only
Current assets ¥2.4 billion Parent only
Intangible assets ¥23.98 million Parent only
Cash and deposits ¥0.5 billion Parent only
Short-term loans payable ¥0.2 billion Parent only
Net assets ¥1.4 billion Parent only
Net assets ¥1.4 billion Parent only
Total assets ¥2.7 billion Parent only
Deferred tax assets ¥23.17 million Parent only
Retained earnings brought forward ¥0.8 billion Parent only
Liabilities ¥1.3 billion Parent only
Liabilities and net assets ¥2.7 billion Parent only
Supplies ¥0.12 million Parent only
Accounts payable - trade ¥0.4 billion Parent only
Capital surplus ¥0.3 billion Parent only
Legal capital surplus ¥0.2 billion Parent only
Capital stock ¥0.3 billion Parent only
Asset retirement obligations ¥2.24 million Parent only
Vehicles, net ¥1.03 million Parent only
Long-term loans payable ¥0.1 billion Parent only
Long-term prepaid expenses ¥17.66 million Parent only
Shares of subsidiaries and associates ¥0.1 billion Parent only
Deposits received ¥74.26 million Parent only
Current portion of long-term loans payable ¥31.29 million Parent only

Statement of income (67 items)

ItemValueConsolidated / Non-consolidated
Other ¥1.58 million Consolidated
Other ¥2.29 million Consolidated
Other comprehensive income ¥-4.92 million Consolidated
Listing related expenses-NOE ¥8.46 million Consolidated
Comprehensive income ¥0.2 billion Consolidated
Interest income ¥8.24 million Consolidated
Operating income ¥0.4 billion Consolidated
Non-operating income ¥9.82 million Consolidated
Non-operating expenses ¥26.97 million Consolidated
Net cash provided by (used in) operating activities ¥-2.4 billion Consolidated
Loss on sales of accounts receivable ¥4.91 million Consolidated
Cost of sales ¥7.7 billion Consolidated
Gross profit (loss) ¥1.0 billion Consolidated
Net sales ¥8.6 billion Consolidated
Net income ¥0.2 billion Consolidated
Net income ¥0.2 billion Consolidated
Net income (loss) ¥0.2 billion Consolidated
Net income (loss) ¥0.2 billion Consolidated
Directors' compensations ¥0.1 billion Consolidated
Net cash provided by (used in) investing activities ¥0.29 million Consolidated
Interest expenses ¥2.61 million Consolidated
Issuance of new shares ¥0.4 billion Consolidated
Exercise of subscription rights to shares ¥35.10 million Consolidated
Income taxes - current ¥86.15 million Consolidated
Income taxes ¥89.21 million Consolidated
Income taxes - deferred ¥3.06 million Consolidated
Depreciation ¥10.59 million Consolidated
Foreign exchange losses ¥8.69 million Consolidated
Foreign currency translation adjustment net of tax ¥-4.92 million Consolidated
Effect of exchange rate change on cash and cash equivalents ¥-1.78 million Consolidated
Net increase (decrease) in cash and cash equivalents ¥-1.9 billion Consolidated
Income (loss) before income taxes ¥0.3 billion Consolidated
Income (loss) before income taxes ¥0.3 billion Consolidated
Ordinary income ¥0.3 billion Consolidated
Salaries and allowances ¥0.1 billion Consolidated
Comprehensive income attributable to owners of parent ¥0.2 billion Consolidated
Net cash provided by (used in) financing activities ¥0.5 billion Consolidated
Selling, general and administrative expenses ¥0.6 billion Consolidated
Provision for bonuses ¥1.15 million Consolidated
Retirement benefit expenses ¥0.21 million Consolidated
Other ¥2.17 million Parent only
Other ¥2.29 million Parent only
Listing related expenses-NOE ¥8.46 million Parent only
Interest income ¥8.23 million Parent only
Operating income ¥0.3 billion Parent only
Non-operating income ¥10.78 million Parent only
Non-operating expenses ¥26.50 million Parent only
Loss on sales of accounts receivable ¥4.91 million Parent only
Cost of sales ¥7.4 billion Parent only
Gross profit (loss) ¥0.9 billion Parent only
Net sales ¥8.3 billion Parent only
Net income (loss) ¥0.2 billion Parent only
Net income (loss) ¥0.2 billion Parent only
Directors' compensations ¥0.1 billion Parent only
Interest expenses ¥2.61 million Parent only
Issuance of new shares ¥0.4 billion Parent only
Exercise of subscription rights to shares ¥35.10 million Parent only
Income taxes - current ¥81.65 million Parent only
Income taxes ¥85.03 million Parent only
Income taxes - deferred ¥3.38 million Parent only
Depreciation ¥10.57 million Parent only
Foreign exchange losses ¥8.22 million Parent only
Income (loss) before income taxes ¥0.3 billion Parent only
Ordinary income ¥0.3 billion Parent only
Salaries and allowances ¥0.1 billion Parent only
Subsidy income ¥0.38 million Parent only
Selling, general and administrative expenses ¥0.6 billion Parent only

Statement of changes in equity (3 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥0.6 billion Consolidated
Net changes in items other than shareholders' equity ¥-4.92 million Consolidated
Total changes during the period ¥0.6 billion Parent only

Statement of cash flows (26 items)

ItemValueConsolidated / Non-consolidated
Other ¥22.88 million Consolidated
Other ¥-5.76 million Consolidated
Increase decrease in notes and accounts payable trade ¥-0.4 billion Consolidated
Interest expenses paid ¥-2.61 million Consolidated
Interest and dividends income received ¥8.24 million Consolidated
Interest and dividend income ¥-8.24 million Consolidated
Decrease increase in notes and accounts receivable trade ¥-0.2 billion Consolidated
Increase (decrease) in contract liabilities ¥-1.5 billion Consolidated
Proceeds from withdrawal of time deposits ¥30.00 million Consolidated
Payments into time deposits ¥-1.06 million Consolidated
Subtotal ¥-2.3 billion Consolidated
Interest expenses ¥2.61 million Consolidated
Proceeds from exercise of share acquisition rights ¥34.73 million Consolidated
Purchase of property plant and equipment ¥-6.03 million Consolidated
(Increase)/decrease in consumption tax/value-added tax receivables ¥-0.2 billion Consolidated
Proceeds from issuance of common stock ¥0.4 billion Consolidated
Stock issuance cost ¥2.29 million Consolidated
Decrease (increase) in inventories ¥-0.4 billion Consolidated
Income taxes paid ¥-91.81 million Consolidated
Depreciation ¥10.59 million Consolidated
Foreign exchange loss (gain) ¥-3.08 million Consolidated
Purchase of intangible assets ¥-16.85 million Consolidated
Decrease/increase in short-term loans payable ¥0.2 billion Consolidated
Increase (decrease) in provision for bonuses ¥1.15 million Consolidated
Increase (decrease) in net defined benefit liability ¥0.21 million Consolidated
Repayment of long term loans payable ¥-0.1 billion Consolidated

Other disclosed items (2 items)

ItemValueConsolidated / Non-consolidated
Write-downs of inventories ¥-12.24 million Consolidated
Number of consolidated subsidiaries 1 companies Consolidated
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥-2.4 billion ConsolidatedDisclosed
Number of employees 45 ConsolidatedDisclosed
Net assets ¥1.4 billion ConsolidatedDisclosed
Net sales ¥8.6 billion ConsolidatedDisclosed
Operating income ¥0.4 billion ConsolidatedDisclosed
Ordinary income ¥0.3 billion ConsolidatedDisclosed
Net income ¥0.2 billion ConsolidatedDisclosed
Total assets ¥2.8 billion ConsolidatedDisclosed
Operating margin 4.1%ConsolidatedCalculated
Net margin 2.9%ConsolidatedCalculated
Sales per employee 191741600 yenConsolidatedCalculated
Total asset turnover 3.11 timesConsolidatedCalculated
Net assets to total assets 51.4%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 4.1%　Operating income ÷ net sales 　＝ ¥0.4 billion ÷ ¥8.6 billion
    Operating income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Net margin 2.9%　Net income ÷ net sales 　＝ ¥0.2 billion ÷ ¥8.6 billion
    Net income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Sales per employee 191,741,600 yen　Sales or operating revenue ÷ employees 　＝ ¥8.6 billion ÷ 45 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 　＝ ¥8.6 billion ÷ ¥2.8 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).
  • Net assets to total assets 51.4%　Net assets ÷ total assets 　＝ ¥1.4 billion ÷ ¥2.8 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

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 ¥0.2 billion + inventories up ¥0.4 billion, over net sales ¥8.6 billion
  • Property, plant and equipment purchases relative to depreciation　Purchase of property, plant and equipment ÷ depreciation。Purchase of property, plant and equipment ¥6.03 million, over depreciation ¥10.59 million

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

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: 45 (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

Workplace information filings

  • Source: processed from Shokuba-labo, the workplace information site of the Ministry of Health, Labour and Welfare. Items the company filed only Shokuba-labo

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 TMH Inc. on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 9320001011625 / 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