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GOLDWIN

GOLDWIN INC.

Company highlights

The annual dividend per share has risen for 3 consecutive years.

Key figures

Period Apr 2025 to Mar 2026ConsolidatedJapanese GAAP

RevenueDisclosed ¥137.5B
Operating marginCalculated 18.8%
Net assets to total assetsCalculated 77.6%

Company profile

Securities code 8111 / EDINET code E00603 / Textiles and Apparels / Fiscal year end March 31

小矢部市清沢２１０番地／Capital stock ¥7,079 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Official website: https://corp.goldwin.co.jp/about/actionplan
Official website: gBizINFO (Ministry of Economy, Trade and Industry).

Company details
渡辺 貴生 Representative
17 Consolidated subsidiaries

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Apr 2025 to Mar 2026) · filed 2026-06-23

Profitability ★★★★★position among all companies 18.8%
Growth (revenue, 4-year average) ★★★★☆position among all companies 8.8%
Capital efficiency ★★★★★position among all companies 20.1%

Business activities and revenue composition

Revenue and profit by business segment

Disclosed segments (business divisions used in reporting): one

Revenue and profit

GOLDWIN

Period Apr 2025 to Mar 2026Source Annual securities reports

Net sales and operating revenue ¥137.5B　100% Cost of sales ¥64.6B　47% Selling, general and administrative expenses ¥47.1B　34% Operating income ¥25.9B　19%
Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Directors compensations salaries and allowances ¥16.1 billion Consolidated
Other ¥14.4 billion Parent only
Rent expenses ¥7.8 billion Consolidated
Advertising expenses ¥7.0 billion Consolidated
Depreciation ¥1.8 billion Parent only
Provision for bonuses ¥0.8 billion Consolidated
Retirement benefit expenses ¥0.6 billion Consolidated
Profit by stage Gross profit (loss) ¥72.9 billion Consolidated
Ordinary income ¥33.9 billion Consolidated
Operating income ¥25.9 billion Consolidated
Net income ¥24.1 billion Consolidated

GOLDWIN

Selling, general and administrative expenses

Period Apr 2025 to Mar 2026Source Annual securities reports

Directors compensations salaries and allowances ¥16.1 billion (33.6%)34%Other ¥14.4 billion (30.1%)30%Rent expenses ¥7.8 billion (16.2%)16%Advertising expenses ¥7.0 billion (14.6%)15%Depreciation ¥1.8 billion (3.8%)Provision for bonuses ¥0.8 billion (1.6%)¥47.9B
  • Directors compensations salaries and allowances　¥16.1 billion
  • Other　¥14.4 billion
  • Rent expenses　¥7.8 billion
  • Advertising expenses　¥7.0 billion
  • Depreciation　¥1.8 billion
  • Provision for bonuses　¥0.8 billion

Performance, financial position and capital allocation

Finance
77.6% Net assets to total assets Industry median 58.8% FY ending 3/2026 · consolidated / calculated
14.3% Return on assets (ROA)
¥946.17 Net assets per share
¥12.8 billion Free cash flow
¥168.2 billion Total assets
¥0.1 billion Goodwill (the part of the acquisition price above the net assets acquired)
Capital allocation
101.6% Cash conversion Industry median 118.3% FY ending 3/2026 · consolidated / calculated
2.6% Increase in working capital ★★★★☆ position among all companies FY ending 3/2026 · consolidated / calculated
51.0% Return to shareholders ★★★★☆ position among all companies FY ending 3/2026 · consolidated / calculated
-5.2% Extraordinary gains and losses relative to ordinary profit ★★☆☆☆ position among all companies FY ending 3/2026 · consolidated / calculated
27.2% Investment securities to net assets ★★★★★ position among all companies FY ending 3/2026 · consolidated / calculated

Long-term changes in performance

Period 2013 to 2026Disclosed

Revenue ×2.62 from 2013 to 2026

GOLDWIN

Long-term revenue, profit and asset trends

Period 2013 to 2026Source Annual securities reportsDisclosed

Mark on the chart
138 92 46 0 2013 2015 2017 2019 2021 2023 2025 2026 Net sales and operating revenue Ordinary income 2018　Ordinary income (loss) as a share of revenue +3.6 points 2019　Net sales year on year +20.6%, Ordinary income (loss) as a share of revenue +4.2 points 2022　Ordinary income (loss) as a share of revenue +3.0 points 2023　Ordinary income (loss) as a share of revenue +3.8 points 2025　Ordinary income (loss) as a share of revenue -2.4 points 138Latest value 2026 138¥ billion 138Highest in the period shown 2026 138¥ billion 53Lowest in the period shown 2013 53¥ billion ¥ billion

GOLDWIN

Recent performance trends

Source Annual securities reports

138 92 46 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 2013 to 2026Disclosed

Item20222023202420252026
Net sales ¥98.2B ¥115.1B ¥126.9B ¥132.3B ¥137.5B
Year on year (%) +8.6% +17.1% +10.3% +4.3% +3.9%
Ordinary income (loss) ¥20.3B ¥28.1B ¥32.6B ¥30.8B ¥33.9B
Change from prior year +26.9% +38.4% +16.1% -5.5% +10.1%
Ordinary income (loss) as a share of Net sales 20.6% 24.4% 25.7% 23.3% 24.7%
Change (percentage points) +3.0 points◆ +3.8 points◆ +1.3 points -2.4 points◆ +1.4 points

Fiscal periods marked for changes

Earlier fiscal periods (2)
  • 2018Ordinary income (loss) as a share of revenue +3.6 points
  • 2019Net sales year on year +20.6%, Ordinary income (loss) as a share of revenue +4.2 points
  • 2022Ordinary income (loss) as a share of revenue +3.0 points
  • 2023Ordinary income (loss) as a share of revenue +3.8 points
  • 2025Ordinary income (loss) as a share of revenue -2.4 points

GOLDWIN

Earnings and net assets per share over time

Unit yenSource Annual securities reports

182 121 61 0 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 946 631 315 0 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen

GOLDWIN

Return on equity over time

Unit %Source Annual securities reports

29 20 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 ¥98.2 billion ¥115.1 billion ¥126.9 billion ¥132.3 billion ¥137.5 billion
Ordinary income (loss) ¥20.3 billion ¥28.1 billion ¥32.6 billion ¥30.8 billion ¥33.9 billion
Net income (loss) attributable to owners of parent ¥14.3 billion ¥21.0 billion ¥24.3 billion ¥24.4 billion ¥24.1 billion
Comprehensive income ¥15.4 billion ¥22.6 billion ¥27.5 billion ¥23.9 billion ¥27.2 billion
Net assets ¥63.4 billion ¥80.1 billion ¥100.2 billion ¥111.2 billion ¥130.5 billion
Total assets ¥99.1 billion ¥118.5 billion ¥141.0 billion ¥150.9 billion ¥168.2 billion
Net assets per share 466.18 yen 591.4 yen 742.23 yen 829.99 yen 946.17 yen
Basic earnings (loss) per share 105.43 yen 155.23 yen 179.69 yen 181.99 yen 175.76 yen
Equity-to-asset ratio 63.9% 67.4% 70.9% 73.2% 76.9%
Return on equity 24.7% 29.3% 27.0% 23.2% 20.1%
Net cash provided by (used in) operating activities ¥18.0 billion ¥20.2 billion ¥18.6 billion ¥24.4 billion ¥26.3 billion
Net cash provided by (used in) investing activities ¥-1.6 billion ¥-3.4 billion ¥-1.5 billion ¥0.2 billion ¥-13.5 billion
Net cash provided by (used in) financing activities ¥-11.9 billion ¥-7.7 billion ¥-9.4 billion ¥-14.8 billion ¥-13.7 billion
Cash and cash equivalents ¥25.0 billion ¥34.2 billion ¥42.0 billion ¥52.0 billion ¥51.0 billion
Parent only indicators (14 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥85.8 billion ¥104.6 billion ¥115.0 billion ¥120.7 billion ¥122.7 billion
Ordinary income (loss) ¥17.5 billion ¥24.7 billion ¥27.7 billion ¥30.1 billion ¥32.0 billion
Net income (loss) ¥12.0 billion ¥18.5 billion ¥20.5 billion ¥24.2 billion ¥24.5 billion
Capital stock ¥7.1 billion ¥7.1 billion ¥7.1 billion ¥7.1 billion ¥7.1 billion
Total number of issued shares (common stock) 47,448,000 shares 47,448,000 shares 47,448,000 shares 47,448,000 shares 142,344,000 shares
Net assets ¥42.1 billion ¥54.8 billion ¥69.1 billion ¥79.7 billion ¥98.2 billion
Total assets ¥74.5 billion ¥90.6 billion ¥106.8 billion ¥117.8 billion ¥132.4 billion
Net assets per share 309.9 yen 405.45 yen 512.74 yen 599.14 yen 717.93 yen
Dividend per share 28.33 yen 36.67 yen 54 yen 54.33 yen 58 yen
Interim dividend per share 6.67 yen 8.33 yen 10 yen 13.33 yen 29 yen
Basic earnings (loss) per share 87.8 yen 136.56 yen 151.9 yen 179.94 yen 179.03 yen
Equity-to-asset ratio 56.4% 60.5% 64.7% 67.6% 74.2%
Return on equity 31.1% 38.1% 33.1% 32.5% 27.6%
Payout ratio 32.3% 26.9% 35.5% 30.2% 32.4%

Dividend history

Source: reporting company’s key figures, annual securities reports · 14 years (2013 to 2026)Parent-onlyDisclosed

3 periods Consecutive increases (own definition) through FY ending 3/2025
5 periods Consecutive periods with dividends (site definition) through FY ending 3/2025
+0.6% Dividend growth (year on year)
Fewer than six years Dividend growth (5-year annual rate)
Fiscal yearAnnual dividend per share Of which interimPayout ratio (as reported, parent only) Flag
FY ending 3/2026 ¥58 ¥29 32.4% Stock split or share consolidation noted
FY ending 3/2025 ¥54.33 ¥13.33 30.2%
FY ending 3/2024 ¥54 ¥10 35.5%
FY ending 3/2023 ¥36.67 ¥8.33 26.9%
FY ending 3/2022 ¥28.33 ¥6.67 32.3%
FY ending 3/2021 ¥70 ¥15 30.9%
FY ending 3/2020 ¥60 ¥15 36.9% Stock split or share consolidation noted
FY ending 3/2019 ¥85 ¥16 24.4% Stock split or share consolidation noted
FY ending 3/2018 ¥85 Could not be retrieved 41.0%
FY ending 3/2017 ¥65 Could not be retrieved 30.5%
FY ending 3/2016 ¥55 Could not be retrieved 33.9% Stock split or share consolidation noted
FY ending 3/2015 ¥10 Could not be retrieved 31.4%
FY ending 3/2014 ¥8 Could not be retrieved 28.8%
FY ending 3/2013 ¥6 Could not be retrieved 20.6%

GOLDWIN

Dividends per share over time

Unit yenSource Annual securities reports

58 39 19 0 4 years ago 3 years ago 2 years ago Last year This year Dividend per share yen

Shareholder composition

As of 2026-03-31Disclosed

Share ownership by holder category

34,230 Shareholders
21.93% Foreign holders (total) Industry median 6.56%
21.56% Individuals and others Industry median 44.51%

GOLDWIN

Unit %Source Annual securities reports

  • Financial institutions31.69%
  • Securities firms2.55%
  • Other corporations22.27%
  • Foreign holders (institutions)21.88%
  • Foreign holders (individuals)0.05%
  • Individuals and others21.56%

Major shareholders

RankShareholderShareholding ratioShares held
1 日本マスタートラスト信託銀行株式会社（信託口） 11.15% 15,303,000
2 三井物産株式会社 9.55% 13,102,000
3 コリア セキュリティーズ デポジトリー サムスン（常任代理人シティバンク、エヌ・エイ東京支店） 7.38% 10,131,000
4 コリア セキュリティーズ デポジトリー シンハン セキュリティーズ（常任代理人シティバンク、エヌ・エイ東京支店） 4.61% 6,328,000
5 株式会社北陸銀行 4.33% 5,942,000
6 株式会社日本カストディ銀行（信託口） 4.16% 5,710,000
7 公益財団法人ゴールドウイン西田東作スポーツ振興記念財団 3.7% 5,076,000
8 株式会社西田 3.55% 4,874,000
9 株式会社北國銀行 2.68% 3,676,000
10 株式会社みずほ銀行 2.0% 2,742,000

Research and development expenses and capital expenditure

Source: R&D and capital expenditure sections, annual securities reports · 6 years (2016 to 2026)Disclosed

¥0.5 billion Research and development 0.4% of revenue (industry median 1.2%)
¥6.0 billion Capital expenditure 4.4% of revenue (industry median 3.8%)
Fiscal year Research and development Capital expenditure
FY ending 3/2026 ¥0.5 billion ¥6.0 billion
FY ending 3/2025 ¥0.7 billion Could not be retrieved
FY ending 3/2021 ¥0.7 billion ¥7.3 billion
FY ending 3/2020 ¥0.7 billion Could not be retrieved
FY ending 3/2017 ¥0.7 billion Could not be retrieved
FY ending 3/2016 ¥0.6 billion Could not be retrieved

Revenue scale in the same industry

GOLDWIN

Source Annual securities reports of each company

Textiles and Apparels: 51 companies · revenue · largest first・each company’s latest fiscal year・Consolidated・Disclosed

Workforce information

Source: Annual Securities Report (Apr 2025 to Mar 2026)Parent-onlyDisclosed

1,287 Employees (parent only) Industry median 141
44.6 Average age Industry median 44.4
15.8 years Average length of service Industry median 17.4 years
¥6.52 million Average annual salary Industry median ¥5.98 million
People and organisation
89.5¥ million Sales per employee Industry median 36.3¥ million FY ending 3/2026 · consolidated / calculated
¥16.84 million Operating income per employee
67.8% Wage gap between men and women
11.4% Women in managerial positions
42.9% Share of female employees
71.1% Men taking childcare leave
Men 12.7 yrs
Women 11.6 yrs Average length of service by gender
1,519 Average temporary staff

Administrative filings and published information

Workplace information filings

Filed 2026-06-25Disclosed

ItemValue
Employees 2,451
Annual paid leave taken
Scope: その他		 86.9%

Audit and disclosure information

Annual securities report, year ended 2026-03-31Disclosed

ItemValue
Audit firm EY新日本有限責任監査法人
Audit fees (this year, total) ¥55.00 million
Non-audit fees (this year, total) Not applicable
Audit fees (this year, network firms) ¥9.00 million
Going concern note Stated as not applicable
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 ¥27.2 billion Consolidated
Net cash provided by (used in) operating activities ¥26.3 billion Consolidated
Net sales ¥137.5 billion Consolidated
Net cash provided by (used in) investing activities ¥-13.5 billion Consolidated
Cash and cash equivalents ¥51.0 billion Consolidated
Net assets ¥130.5 billion Consolidated
Ordinary income (loss) ¥33.9 billion Consolidated
Total assets ¥168.2 billion Consolidated
Return on equity 20.1% Consolidated
Equity-to-asset ratio 76.9% Consolidated
Net income (loss) attributable to owners of parent ¥24.1 billion Consolidated
Net cash provided by (used in) financing activities ¥-13.7 billion Consolidated
Basic earnings (loss) per share 175.76 yen Consolidated
Net assets per share 946.17 yen Consolidated
Dividend per share 58 yen Parent only
Net sales ¥122.7 billion Parent only
Net income (loss) ¥24.5 billion Parent only
Total number of issued shares (common stock) 142,344,000 shares Parent only
Net assets ¥98.2 billion Parent only
Ordinary income (loss) ¥32.0 billion Parent only
Total assets ¥132.4 billion Parent only
Return on equity 27.6% Parent only
Equity-to-asset ratio 74.2% Parent only
Capital stock ¥7.1 billion Parent only
Payout ratio 32.4% Parent only
Interim dividend per share 29 yen Parent only
Basic earnings (loss) per share 179.03 yen Parent only
Net assets per share 717.93 yen Parent only

Employees (10 items)

ItemValueConsolidated / Non-consolidated
Number of employees 1,536 people Consolidated
Number of employees 1,536 people Consolidated
Wage gap between men and women (all employees) 67.8% Parent only
Average length of service (years) 15.8 years Parent only
Average annual salary ¥6.52 million Parent only
Average age (years) 44.6 years old Parent only
Number of employees 1,287 people Parent only
Number of employees 1,287 people Parent only
Wage gap between men and women (regular employees) 67.4% Parent only
Wage gap between men and women (non-regular employees) 82.7% Parent only

Accounts unique to this company (6 items)

ItemValueConsolidated / Non-consolidated
Revenue 1,519 Consolidated
Revenue ¥17.00 million Consolidated
Revenue ¥0.1 billion Consolidated
Revenue ¥0.3 billion Consolidated
Revenue 1,354 Parent only
Change in average annual salary from the previous year -8.7% Parent only

Shares (16 items)

ItemValueConsolidated / Non-consolidated
Number of shares held 72,887,000 shares Consolidated
Total number of shares held treasury shares etc 5,146,700 shares Consolidated
Number of issues whose number of shares decreased shares not listed investment shares held for purposes other than pure investment reporting company 10 issues Consolidated
Number of issues whose number of shares decreased shares other than those not listed investment shares held for purposes other than pure investment reporting company 2 issues Consolidated
Total sale amount for decreased shares shares not listed investment shares held for purposes other than pure investment reporting company ¥1.1 billion Consolidated
Total sale amount for decreased shares shares other than those not listed investment shares held for purposes other than pure investment reporting company ¥46.00 million Consolidated
Number of shares 142,344,516 shares Consolidated
Shareholding ratio treasury shares etc 3.6% Consolidated
Shareholding ratio 53.1% Consolidated
Number of shares held in own name treasury shares etc 5,146,700 shares Consolidated
Number of voting rights 1,371,085 units Consolidated
Carrying amount on the balance sheet ¥0.1 billion Consolidated
Carrying amount on the balance sheet ¥6.2 billion Consolidated
Number of issues 9 issues Consolidated
Number of issues 13 issues Consolidated
Total shareholder return 103.5% Parent only

Other disclosed items (8 items)

ItemValueConsolidated / Non-consolidated
Average number of temporary employees 1,519 people Consolidated
Number of associates accounted for using equity method 2 companies Consolidated
Write-downs of inventories ¥0.4 billion Consolidated
Number of consolidated subsidiaries 17 companies Consolidated
Rate of male employees taking childcare leave (all employees) 71.1% Parent only
Average number of temporary employees 1,354 people Parent only
Total return on the share price index 202.2% Parent only
Ratio of female employees in managerial positions 11.4% Parent only

Research and development (2 items)

ItemValueConsolidated / Non-consolidated
Research and development expenses included in general and administrative expenses and manufacturing cost for current period ¥0.5 billion Consolidated
Research and development expenses ¥0.5 billion Consolidated

Property and facilities (1 items)

ItemValueConsolidated / Non-consolidated
Capital expenditures ¥6.0 billion Consolidated

Audit (6 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥5.00 million Consolidated
Fees for audit and attestation services - reporting company ¥52.00 million Consolidated
Fees for audit and attestation services - total ¥9.00 million Consolidated
Fees for audit and attestation services - total ¥55.00 million Consolidated
Fees for audit and attestation services - consolidated subsidiaries ¥4.00 million Consolidated
Fees for audit and attestation services - consolidated subsidiaries ¥3.00 million Consolidated

Balance sheet (140 items)

ItemValueConsolidated / Non-consolidated
Other ¥0.3 billion Consolidated
Other ¥2.9 billion Consolidated
Other ¥0.7 billion Consolidated
Other ¥2.1 billion Consolidated
Other ¥0.1 billion Consolidated
Valuation difference on available-for-sale securities ¥3.9 billion Consolidated
Other, net ¥0.6 billion Consolidated
Goodwill ¥0.1 billion Consolidated
Software ¥0.5 billion Consolidated
Software in progress ¥2.0 billion Consolidated
Lease obligations ¥2.6 billion Consolidated
Lease obligations ¥0.9 billion Consolidated
Lease assets, net ¥3.3 billion Consolidated
Work in process ¥0.2 billion Consolidated
Retained earnings ¥128.0 billion Consolidated
Raw materials and supplies ¥0.9 billion Consolidated
Notes receivable - trade ¥9.00 million Consolidated
Merchandise and finished goods ¥18.6 billion Consolidated
Right of trademark ¥0.3 billion Consolidated
Non-current liabilities ¥5.4 billion Consolidated
Non-current assets ¥65.3 billion Consolidated
Land ¥4.7 billion Consolidated
Accounts receivable - trade ¥16.3 billion Consolidated
Contract liabilities ¥1.2 billion Consolidated
Guarantee deposits ¥3.2 billion Consolidated
Buildings and structures, net ¥2.5 billion Consolidated
Construction in progress ¥5.1 billion Consolidated
Provision for directors' bonuses ¥0.1 billion Consolidated
Investments and other assets ¥45.8 billion Consolidated
Investment securities ¥35.4 billion Consolidated
Notes and accounts payable - trade ¥4.6 billion Consolidated
Property, plant and equipment ¥16.3 billion Consolidated
Income taxes payable ¥2.2 billion Consolidated
Accrued consumption taxes ¥0.3 billion Consolidated
Accrued expenses ¥1.9 billion Consolidated
Accounts payable - other ¥3.4 billion Consolidated
Shareholders' equity ¥122.3 billion Consolidated
Stock-based compensation allowance-NCL ¥69.00 million Consolidated
Machinery, equipment and vehicles, net ¥0.2 billion Consolidated
Current liabilities ¥32.3 billion Consolidated
Current assets ¥102.9 billion Consolidated
Accumulated depreciation ¥-13.2 billion Consolidated
Foreign currency translation adjustment ¥2.4 billion Consolidated
Intangible assets ¥3.2 billion Consolidated
Cash and cash equivalents ¥51.0 billion Consolidated
Cash and deposits ¥58.5 billion Consolidated
Claims provable in bankruptcy claims provable in rehabilitation and other ¥18.00 million Consolidated
Net assets ¥130.5 billion Consolidated
Net assets ¥130.5 billion Consolidated
Total assets ¥168.2 billion Consolidated
Deferred gains or losses on hedges ¥0.1 billion Consolidated
Deferred tax liabilities ¥1.0 billion Consolidated
Treasury stock ¥-14.4 billion Consolidated
Valuation and translation adjustments ¥7.2 billion Consolidated
Liabilities ¥37.7 billion Consolidated
Liabilities and net assets ¥168.2 billion Consolidated
Allowance for doubtful accounts ¥-88.00 million Consolidated
Allowance for doubtful accounts ¥-3.00 million Consolidated
Capital surplus ¥1.6 billion Consolidated
Capital stock ¥7.1 billion Consolidated
Asset retirement obligations ¥0.1 billion Consolidated
Provision for bonuses ¥0.9 billion Consolidated
Remeasurements of defined benefit plans ¥0.8 billion Consolidated
Net defined benefit liability ¥0.2 billion Consolidated
Net defined benefit asset ¥4.4 billion Consolidated
Long-term loans payable ¥1.1 billion Consolidated
Electronically recorded obligations - operating ¥16.1 billion Consolidated
Electronically recorded monetary claims - operating ¥6.3 billion Consolidated
Non-controlling interests ¥1.1 billion Consolidated
Current portion of long-term loans payable ¥6.00 million Consolidated
Other ¥0.3 billion Parent only
Other ¥1.9 billion Parent only
Other ¥1.3 billion Parent only
Other ¥1.5 billion Parent only
Other ¥85.00 million Parent only
Valuation difference on available-for-sale securities ¥3.8 billion Parent only
Other capital surplus ¥1.3 billion Parent only
Other, net ¥0.7 billion Parent only
Software ¥0.4 billion Parent only
Software in progress ¥2.0 billion Parent only
Lease obligations ¥1.4 billion Parent only
Lease obligations ¥0.6 billion Parent only
Lease assets, net ¥1.7 billion Parent only
Work in process ¥0.2 billion Parent only
Investments in capital ¥11.00 million Parent only
Retained earnings ¥100.0 billion Parent only
Legal retained earnings ¥1.8 billion Parent only
Prepaid pension cost ¥3.2 billion Parent only
Prepaid expenses ¥0.3 billion Parent only
Raw materials and supplies ¥0.9 billion Parent only
Notes receivable - trade ¥9.00 million Parent only
Merchandise and finished goods ¥17.4 billion Parent only
Right of trademark ¥0.3 billion Parent only
Non-current liabilities ¥3.0 billion Parent only
Non-current assets ¥40.2 billion Parent only
Land ¥4.3 billion Parent only
Accounts receivable - trade ¥15.4 billion Parent only
Guarantee deposits ¥2.7 billion Parent only
Buildings, net ¥2.1 billion Parent only
Provision for directors' bonuses ¥0.1 billion Parent only
Investments and other assets ¥28.4 billion Parent only
Investment securities ¥6.4 billion Parent only
Property, plant and equipment ¥8.9 billion Parent only
Accounts receivable - other ¥0.9 billion Parent only
Income taxes payable ¥1.4 billion Parent only
Accrued expenses ¥1.7 billion Parent only
Accounts payable - other ¥3.7 billion Parent only
Shareholders' equity ¥94.2 billion Parent only
Stock-based compensation allowance-NCL ¥69.00 million Parent only
Structures, net ¥46.00 million Parent only
Current liabilities ¥31.2 billion Parent only
Current assets ¥92.2 billion Parent only
Intangible assets ¥2.9 billion Parent only
Cash and deposits ¥49.3 billion Parent only
Short-term loans payable ¥2.0 billion Parent only
Claims provable in bankruptcy claims provable in rehabilitation and other ¥18.00 million Parent only
Net assets ¥98.2 billion Parent only
Net assets ¥98.2 billion Parent only
Total assets ¥132.4 billion Parent only
Deferred gains or losses on hedges ¥0.1 billion Parent only
Deferred tax assets ¥0.7 billion Parent only
Retained earnings brought forward ¥98.2 billion Parent only
Treasury stock ¥-14.4 billion Parent only
Valuation and translation adjustments ¥4.0 billion Parent only
Liabilities ¥34.2 billion Parent only
Liabilities and net assets ¥132.4 billion Parent only
Accounts payable - trade ¥3.6 billion Parent only
Allowance for doubtful accounts ¥-0.5 billion Parent only
Allowance for doubtful accounts ¥-1.00 million Parent only
Capital surplus ¥1.6 billion Parent only
Legal capital surplus ¥0.3 billion Parent only
Capital stock ¥7.1 billion Parent only
Provision for bonuses ¥0.8 billion Parent only
Long-term loans payable ¥1.0 billion Parent only
Long term accounts payable other ¥0.1 billion Parent only
Long-term loans receivable ¥6.4 billion Parent only
Investments in capital of subsidiaries and affiliates ¥3.2 billion Parent only
Shares of subsidiaries and associates ¥4.4 billion Parent only
Electronically recorded obligations - operating ¥15.9 billion Parent only
Electronically recorded monetary claims - operating ¥6.1 billion Parent only

Statement of income (103 items)

ItemValueConsolidated / Non-consolidated
Other ¥0.3 billion Consolidated
Other ¥62.00 million Consolidated
Other ¥12.00 million Consolidated
Other comprehensive income ¥3.1 billion Consolidated
Valuation difference on available for sale securities net of tax ¥2.1 billion Consolidated
Commitment fee ¥18.00 million Consolidated
Loss on withdrawal from business ¥22.00 million Consolidated
Loss on insurance cancellation ¥8.00 million Consolidated
Dividends from surplus ¥-9.7 billion Consolidated
Comprehensive income ¥27.2 billion Consolidated
Interest income ¥67.00 million Consolidated
Dividend income ¥0.1 billion Consolidated
Operating income ¥25.9 billion Consolidated
Non-operating income ¥8.2 billion Consolidated
Non-operating expenses ¥0.2 billion Consolidated
Net cash provided by (used in) operating activities ¥26.3 billion Consolidated
Loss on disposal of noncurrent assets ¥0.1 billion Consolidated
Cost of sales ¥64.6 billion Consolidated
Gross profit (loss) ¥72.9 billion Consolidated
Net sales ¥137.5 billion Consolidated
Advertising expenses ¥7.0 billion Consolidated
Loss on closing of stores ¥0.1 billion Consolidated
Net income ¥24.1 billion Consolidated
Net income ¥24.1 billion Consolidated
Net income (loss) ¥24.2 billion Consolidated
Net income (loss) ¥24.2 billion Consolidated
Directors compensations salaries and allowances ¥16.1 billion Consolidated
Loss on sales of investment securities ¥1.1 billion Consolidated
Gain on sales of investment securities ¥0.2 billion Consolidated
Loss on valuation of investment securities ¥0.1 billion Consolidated
Net cash provided by (used in) investing activities ¥-13.5 billion Consolidated
Share of profit of investments accounted for using equity method ¥7.8 billion Consolidated
Share of other comprehensive income of investments accounted for using equity method ¥-85.00 million Consolidated
Interest expenses ¥67.00 million Consolidated
Income taxes - current ¥5.9 billion Consolidated
Income taxes ¥8.0 billion Consolidated
Income taxes - deferred ¥2.1 billion Consolidated
Impairment loss ¥14.00 million Consolidated
Foreign currency translation adjustment net of tax ¥21.00 million Consolidated
Extraordinary income ¥0.2 billion Consolidated
Extraordinary loss ¥2.0 billion Consolidated
Early retirement program expenses ¥0.4 billion Consolidated
Effect of exchange rate change on cash and cash equivalents ¥58.00 million Consolidated
Net increase (decrease) in cash and cash equivalents ¥-0.8 billion Consolidated
Income (loss) before income taxes ¥32.1 billion Consolidated
Income (loss) before income taxes ¥32.1 billion Consolidated
Ordinary income ¥33.9 billion Consolidated
Deferred gains or losses on hedges net of tax ¥0.1 billion Consolidated
Disposal of treasury stock ¥5.1 billion Consolidated
Purchase of treasury stock ¥-3.7 billion Consolidated
Comprehensive income attributable to owners of parent ¥27.2 billion Consolidated
Net cash provided by (used in) financing activities ¥-13.7 billion Consolidated
Selling, general and administrative expenses ¥47.1 billion Consolidated
Rent expenses ¥7.8 billion Consolidated
Provision for bonuses ¥0.8 billion Consolidated
Remeasurements of defined benefit plans net of tax ¥0.9 billion Consolidated
Retirement benefit expenses ¥0.6 billion Consolidated
Purchase of shares of consolidated subsidiaries ¥1.00 million Consolidated
Decrease in cash and cash equivalents resulting from exclusion of subsidiaries from consolidation ¥-0.2 billion Consolidated
Comprehensive income attributable to non-controlling interests ¥57.00 million Consolidated
Net income (loss) attributable to non-controlling interests ¥57.00 million Consolidated
Other ¥0.6 billion Parent only
Other ¥82.00 million Parent only
Other ¥0 Parent only
Other ¥14.4 billion Parent only
Dividends from surplus ¥-9.7 billion Parent only
Interest and dividend income ¥9.3 billion Parent only
Rent income ¥90.00 million Parent only
Operating income ¥22.6 billion Parent only
Non-operating income ¥9.9 billion Parent only
Non-operating expenses ¥0.5 billion Parent only
Loss on disposal of noncurrent assets ¥0.1 billion Parent only
Cost of sales ¥55.6 billion Parent only
Gross profit (loss) ¥67.1 billion Parent only
Net sales ¥122.7 billion Parent only
Advertising expenses ¥6.3 billion Parent only
Loss on closing of stores ¥8.00 million Parent only
Net income (loss) ¥24.5 billion Parent only
Net income (loss) ¥24.5 billion Parent only
Directors compensations salaries and allowances ¥14.9 billion Parent only
Loss on investments in partnership ¥0.2 billion Parent only
Loss on sales of investment securities ¥1.1 billion Parent only
Gain on sales of investment securities ¥0.1 billion Parent only
Loss on valuation of investment securities ¥10.00 million Parent only
Interest expenses ¥45.00 million Parent only
Income taxes - current ¥4.7 billion Parent only
Income taxes ¥6.0 billion Parent only
Income taxes - deferred ¥1.2 billion Parent only
Depreciation ¥1.8 billion Parent only
Impairment loss ¥14.00 million Parent only
Extraordinary income ¥0.1 billion Parent only
Extraordinary loss ¥1.6 billion Parent only
Early retirement program expenses ¥0.4 billion Parent only
Income (loss) before income taxes ¥30.5 billion Parent only
Ordinary income ¥32.0 billion Parent only
Disposal of treasury stock ¥5.1 billion Parent only
Purchase of treasury stock ¥-3.7 billion Parent only
Selling, general and administrative expenses ¥44.5 billion Parent only
Depreciation of assets for rent ¥48.00 million Parent only
Provision of allowance for doubtful accounts ¥0.2 billion Parent only
Rent expenses ¥6.5 billion Parent only
Provision for bonuses ¥19.00 million Parent only
Retirement benefit expenses ¥0.6 billion Parent only

Statement of changes in equity (4 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥19.3 billion Consolidated
Net changes in items other than shareholders' equity ¥3.3 billion Consolidated
Total changes during the period ¥18.5 billion Parent only
Net changes in items other than shareholders' equity ¥2.2 billion Parent only

Statement of cash flows (41 items)

ItemValueConsolidated / Non-consolidated
Other ¥6.2 billion Consolidated
Other ¥-0.3 billion Consolidated
Other ¥-60.00 million Consolidated
Amortization of goodwill ¥16.00 million Consolidated
Repayments of lease obligations ¥-1.1 billion Consolidated
Increase decrease in notes and accounts payable trade ¥0.5 billion Consolidated
Interest expenses paid ¥-68.00 million Consolidated
Interest and dividends income received ¥7.5 billion Consolidated
Decrease (increase) in prepaid expenses ¥0.1 billion Consolidated
Interest and dividend income ¥-0.2 billion Consolidated
Purchase of non-current assets ¥-6.0 billion Consolidated
Proceeds from sales of non-current assets ¥0 Consolidated
Loss (gain) on disposal of non-current assets ¥0.1 billion Consolidated
Decrease increase in notes and accounts receivable trade ¥-3.1 billion Consolidated
Proceeds from withdrawal of time deposits ¥7.4 billion Consolidated
Payments into time deposits ¥-14.4 billion Consolidated
Subtotal ¥24.4 billion Consolidated
Proceeds from collection of guarantee deposits ¥84.00 million Consolidated
Payments for guarantee deposits ¥-0.4 billion Consolidated
Purchase of investment securities ¥-0.4 billion Consolidated
Proceeds from sales of investment securities ¥0.3 billion Consolidated
Equity in earnings losses of affiliates ¥-7.8 billion Consolidated
Interest expenses ¥67.00 million Consolidated
(Increase) decrease in accounts receivables other ¥0.7 billion Consolidated
Decrease in consumption taxes payable ¥-0.2 billion Consolidated
Increase (decrease) in accounts payable-other ¥0.1 billion Consolidated
Increase (decrease) in provision for share awards ¥-5.0 billion Consolidated
Decrease (increase) in inventories ¥-0.5 billion Consolidated
Income taxes paid ¥-5.6 billion Consolidated
Depreciation ¥2.5 billion Consolidated
Impairment loss ¥14.00 million Consolidated
Regarding purchase of treasury stock ¥-3.7 billion Consolidated
Proceeds from sales of treasury stock ¥0.2 billion Consolidated
Increase (decrease) in allowance for doubtful accounts ¥-0 Consolidated
Increase (decrease) in provision for bonuses ¥24.00 million Consolidated
Increase (decrease) in net defined benefit liability ¥14.00 million Consolidated
Inorease (decrease) in asset for retirement benefits ¥-1.4 billion Consolidated
Dividends ¥-9.7 billion Consolidated
Proceeds from long term loans payable ¥1.2 billion Consolidated
Repayment of long term loans payable ¥-0.8 billion Consolidated
Proceeds from share issuance to non controlling shareholders ¥0.3 billion Consolidated
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥26.3 billion ConsolidatedDisclosed
Dividend per share 58 Parent onlyDisclosed
Number of employees 1,536 ConsolidatedDisclosed
Net assets ¥130.5 billion ConsolidatedDisclosed
Net sales ¥137.5 billion ConsolidatedDisclosed
Operating income ¥25.9 billion ConsolidatedDisclosed
Ordinary income ¥33.9 billion ConsolidatedDisclosed
Net income ¥24.1 billion ConsolidatedDisclosed
Total assets ¥168.2 billion ConsolidatedDisclosed
Operating margin 18.8%ConsolidatedCalculated
Net margin 17.5%ConsolidatedCalculated
Sales per employee 89528646 yenConsolidatedCalculated
Total asset turnover 0.82 timesConsolidatedCalculated
Net assets to total assets 77.6%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 18.8%　Operating income ÷ net sales 　＝ ¥25.9 billion ÷ ¥137.5 billion
    Operating income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Net margin 17.5%　Net income ÷ net sales 　＝ ¥24.1 billion ÷ ¥137.5 billion
    Net income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Sales per employee 89,528,646 yen　Sales or operating revenue ÷ employees 　＝ ¥137.5 billion ÷ 1,536 people
    Sales or operating revenue ÷ employees. The denominator is Number of employees (Consolidated, Japanese GAAP).
  • Total asset turnover 0.82 times　Sales or operating revenue ÷ total assets 　＝ ¥137.5 billion ÷ ¥168.2 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).
  • Net assets to total assets 77.6%　Net assets ÷ total assets 　＝ ¥130.5 billion ÷ ¥168.2 billion
    Net assets ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).

Company details

  • Representative　代表取締役社長CEO, 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
  • Goodwill (the part of the acquisition price above the net assets acquired)　0% of net 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 ¥3.1 billion + inventories up ¥0.5 billion, over net sales ¥137.5 billion
  • Return to shareholders　(dividends paid + purchase of treasury stock) ÷ net cash provided by operating activities。Dividends paid ¥9.7 billion + purchase of treasury stock ¥3.7 billion, over operating cash flow ¥26.3 billion
  • Extraordinary gains and losses relative to ordinary profit　(extraordinary income − extraordinary loss) ÷ ordinary income。Extraordinary income ¥0.2 billion − extraordinary loss ¥2.0 billion, over ordinary income ¥33.9 billion
  • Investment securities to net assets　Investment securities ÷ net assets。Investment securities ¥35.4 billion, over net assets ¥130.5 billion

Long-term changes in performance

  • Revenue　Disclosed value for 2026 ÷ disclosed value for 2013

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 4 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 Textiles and Apparels 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 Textiles and Apparels 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: 1,536 (a different scope, kept apart from the four above). Industry median: the middle value among companies in Textiles and Apparels 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)
  • Share of female employees　gBizINFO, covering 正社員
  • Men taking childcare leave　Reporting company (parent only)
  • Average length of service by gender　gBizINFO, covering その他
  • Average temporary staff　Consolidated, average headcount other than regular 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 GOLDWIN INC. on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 3230001008974 / 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