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Puequ

Puequ Co., LTD.

Company highlights

The largest segment by revenue is Environment / Energy, at 51.7% of the total.

Key figures

Period Sep 2024 to Aug 2025ConsolidatedJapanese GAAP

RevenueDisclosed ¥10.1B
Operating marginCalculated 9.0%
Net assets to total assetsCalculated 28.2%

Company profile

Securities code 9264 / EDINET code E33514 / Wholesale Trade / Fiscal year end August 31

福山市南蔵王町二丁目１番１２号／Capital stock ¥1,694 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Company details
松村 俊宏 Representative
7 Consolidated subsidiaries

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Sep 2024 to Aug 2025) · filed 2025-11-25

Profitability ★★★★☆position among all companies 9.0%
Growth (revenue, 4-year average) ★★★★☆position among all companies 12.8%
Capital efficiency ★★★★☆position among all companies 13.7%

Business activities and revenue composition

Puequ

Revenue and profit by business segment

Period Sep 2024 to Aug 2025Source Annual securities reportsConsolidated・Disclosed

SalesProfit Environment…Environment / Energy Sales 51.7% 52% Profit 22.4% 22% 動力・重機等動力・重機等 Sales 38.7% 39% Profit 65.0% 65% 防災・安全防災・安全 Sales 9.6% 10% Profit 12.6% 13%
BusinessNet sales to external customers Operating income
This yearShareLast year This yearShareMarginLast year
Environment / Energy ¥5.2 billion 51.7% ¥4.4 billion ¥0.3 billion 22.4% 4.8% ¥0.2 billion
動力・重機等 ¥3.9 billion 38.7% ¥3.6 billion ¥0.7 billion 65.0% 18.6% ¥0.5 billion
防災・安全 ¥1.0 billion 9.6% ¥0.4 billion ¥0.1 billion 12.6% 14.5% ¥57.61 million
Total of the businesses ¥10.1 billion100.0% ¥1.1 billion 100.0%

Revenue and profit

Puequ

Period Sep 2024 to Aug 2025Source Annual securities reports

Net sales and operating revenue ¥10.1B　100% Cost of sales ¥7.5B　74% Selling, general and administrative expenses ¥1.8B　17% Operating income ¥0.9B　9%
Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Salaries and allowances ¥0.5 billion Consolidated
Directors' compensations ¥0.3 billion Consolidated
Fee expenses ¥0.1 billion Consolidated
Legal welfare expenses ¥58.14 million Parent only
Depreciation ¥48.44 million Parent only
Commission fees ¥35.34 million Parent only
Provision for bonuses ¥12.66 million Consolidated
Provision for directors' retirement benefits ¥8.65 million Consolidated
Research and development expenses ¥6.71 million Consolidated
Provision of allowance for doubtful accounts ¥6.50 million Consolidated
Retirement benefit expenses ¥3.72 million Consolidated
Profit by stage Gross profit (loss) ¥2.7 billion Consolidated
Ordinary income ¥1.0 billion Consolidated
Operating income ¥0.9 billion Consolidated
Net income ¥0.6 billion Consolidated

Puequ

Selling, general and administrative expenses

Period Sep 2024 to Aug 2025Source Annual securities reports

Salaries and allowances ¥0.5 billion (27.3%)27%Directors' compensations ¥0.3 billion (18.4%)18%Fee expenses ¥0.1 billion (6.5%)6%Legal welfare expenses ¥0.1 billion (3.3%)Depreciation ¥0.0 billion (2.8%)Commission fees ¥0.0 billion (2.0%)Other (not itemized) ¥0.7 billion (39.8%)40%¥1.8B
  • Salaries and allowances　¥0.5 billion
  • Directors' compensations　¥0.3 billion
  • Fee expenses　¥0.1 billion
  • Legal welfare expenses　¥0.1 billion
  • Depreciation　¥0.0 billion
  • Commission fees　¥0.0 billion
  • Other (not itemized)　¥0.7 billion

Performance, financial position and capital allocation

Finance
28.2% Net assets to total assets Industry median 50.6% FY ending 8/2025 · consolidated / calculated
3.8% Return on assets (ROA)
¥940.57 Net assets per share
¥-13.93 million Free cash flow
¥15.1 billion Total assets
¥0.5 billion Goodwill (the part of the acquisition price above the net assets acquired)
Capital allocation
116.7% Cash conversion Industry median 94.2% FY ending 8/2025 · consolidated / calculated
1.5% Increase in working capital ★★★★☆ position among all companies FY ending 8/2025 · consolidated / calculated
507.3% Property, plant and equipment purchases relative to depreciation ★★★★★ position among all companies FY ending 8/2025 · consolidated / calculated
47.1% Return to shareholders ★★★★☆ position among all companies FY ending 8/2025 · consolidated / calculated
-3.9% Extraordinary gains and losses relative to ordinary profit ★★☆☆☆ position among all companies FY ending 8/2025 · consolidated / calculated
6.1% Investment securities to net assets ★★☆☆☆ position among all companies FY ending 8/2025 · consolidated / calculated

Long-term changes in performance

Period 2016 to 2025Disclosed

Revenue ×1.87 from 2016 to 2025

Puequ

Long-term revenue, profit and asset trends

Period 2016 to 2025Source Annual securities reportsDisclosed

Mark on the chart
10 7 3 0 2016 2018 2020 2022 2024 2025 Net sales and operating revenue Ordinary income 2023　Net sales year on year +21.5% 2025　Net sales year on year +20.8%, Ordinary income (loss) as a share of revenue +4.6 points 10Latest value 2025 10¥ billion 10Highest in the period shown 2025 10¥ billion 5Lowest in the period shown 2017 5¥ billion ¥ billion

Puequ

Recent performance trends

Source Annual securities reports

10 7 3 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 2016 to 2025Disclosed

Item20212022202320242025
Net sales ¥6.3B ¥5.8B ¥7.1B ¥8.4B ¥10.1B
Year on year (%) +2.5% -7.2% +21.5%◆ +18.7% +20.8%◆
Ordinary income (loss) ¥0.3B ¥0.3B ¥0.4B ¥0.4B ¥1.0B
Change from prior year +15.6% -0.9% +43.2% +2.6% +129.2%
Ordinary income (loss) as a share of Net sales 4.7% 5.0% 6.0% 5.1% 9.8%
Change (percentage points) +0.5 points +0.3 points +0.9 points -0.8 points +4.6 points◆

Fiscal periods marked for changes

  • 2023Net sales year on year +21.5%
  • 2025Net sales year on year +20.8%, Ordinary income (loss) as a share of revenue +4.6 points

Puequ

Earnings and net assets per share over time

Unit yenSource Annual securities reports

124 79 34 -10 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 1,189 793 396 0 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen

Puequ

Return on equity over time

Unit %Source Annual securities reports

14 9 4 -1 4 years ago 3 years ago 2 years ago Last year This year Return on equity (ROE, %)
Consolidated indicators (15 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥6.3 billion ¥5.8 billion ¥7.1 billion ¥8.4 billion ¥10.1 billion
Ordinary income (loss) ¥0.3 billion ¥0.3 billion ¥0.4 billion ¥0.4 billion ¥1.0 billion
Net income (loss) attributable to owners of parent ¥0.2 billion ¥-23.91 million ¥0.3 billion ¥0.2 billion ¥0.6 billion
Comprehensive income ¥0.2 billion ¥-31.80 million ¥0.3 billion ¥0.2 billion ¥0.6 billion
Net assets ¥2.8 billion ¥2.7 billion ¥4.0 billion ¥4.1 billion ¥4.3 billion
Total assets ¥8.5 billion ¥8.1 billion ¥9.8 billion ¥11.4 billion ¥15.1 billion
Net assets per share 1,189.08 yen 1,137.56 yen 868.18 yen 884.96 yen 940.57 yen
Basic earnings (loss) per share 82.24 yen -10.16 yen 108.51 yen 42.34 yen 123.64 yen
Diluted earnings per share 82.21 yen Could not be retrieved Could not be retrieved Could not be retrieved 92.47 yen
Equity-to-asset ratio 32.8% 32.9% 40.5% 36.2% 28.2%
Return on equity 7.2% -0.9% 8.0% 4.8% 13.7%
Net cash provided by (used in) operating activities ¥0.6 billion ¥0.3 billion ¥0.3 billion ¥33.37 million ¥1.1 billion
Net cash provided by (used in) investing activities ¥-0.4 billion ¥-0.3 billion ¥-0.3 billion ¥-1.3 billion ¥-1.1 billion
Net cash provided by (used in) financing activities ¥-0.3 billion ¥-0.4 billion ¥1.1 billion ¥0.6 billion ¥2.4 billion
Cash and cash equivalents ¥1.5 billion ¥1.2 billion ¥2.3 billion ¥1.6 billion ¥4.0 billion
Parent only indicators (14 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥3.8 billion ¥3.1 billion ¥3.8 billion ¥4.1 billion ¥4.5 billion
Ordinary income (loss) ¥0.2 billion ¥0.2 billion ¥0.2 billion ¥0.3 billion ¥0.7 billion
Net income (loss) ¥0.2 billion ¥-58.70 million ¥0.1 billion ¥0.1 billion ¥0.6 billion
Capital stock ¥1.1 billion ¥1.1 billion ¥1.6 billion ¥1.7 billion ¥1.7 billion
Total number of issued shares (common stock) 2,353,500 shares 2,353,500 shares 4,566,526 shares 4,650,526 shares 4,700,826 shares
Net assets ¥2.5 billion ¥2.3 billion ¥3.5 billion ¥3.6 billion ¥3.7 billion
Total assets ¥4.7 billion ¥4.5 billion ¥5.8 billion ¥6.3 billion ¥9.2 billion
Net assets per share 1,058 yen 991.36 yen 764.34 yen 765.88 yen 824.76 yen
Dividend per share 38 yen 38 yen 33 yen 53 yen 70 yen
Basic earnings (loss) per share 67.02 yen -24.95 yen 56.26 yen 25.6 yen 131.49 yen
Diluted earnings per share 67 yen Could not be retrieved Could not be retrieved Could not be retrieved 98.34 yen
Equity-to-asset ratio 52.6% 52.0% 59.8% 56.1% 40.7%
Return on equity 6.6% -2.4% 4.7% 3.4% 16.7%
Payout ratio 56.7% -152.3% 58.7% 207.1% 53.2%

Dividend history

Source: reporting company’s key figures, annual securities reports · 10 years (2016 to 2025)Parent-onlyDisclosed

2 periods Consecutive increases (own definition) through FY ending 8/2025
7 periods Consecutive periods with dividends (site definition) through FY ending 8/2025
+32.1% Dividend growth (year on year)
+13.0% Dividend growth (5-year annual rate)
Fiscal yearAnnual dividend per share Of which interimPayout ratio (as reported, parent only) Flag
FY ending 8/2025 ¥70 Could not be retrieved 53.2%
FY ending 8/2024 ¥53 Could not be retrieved 207.1%
FY ending 8/2023 ¥33 Could not be retrieved 58.7%
FY ending 8/2022 ¥38 Could not be retrieved -152.3%
FY ending 8/2021 ¥38 Could not be retrieved 56.7%
FY ending 8/2020 ¥38 Could not be retrieved 44.7%
FY ending 8/2019 ¥50 Could not be retrieved 77.7%
FY ending 8/2018 ¥50 Could not be retrieved 53.8% Stock split or share consolidation noted
FY ending 8/2017 ¥20,000 Could not be retrieved 51.1%
FY ending 8/2016 ¥15,000 Could not be retrieved 88.6%

Puequ

Dividends per share over time

Unit yenSource Annual securities reports

70 47 23 0 4 years ago 3 years ago 2 years ago Last year This year Dividend per share yen

Shareholder composition

As of 2025-08-31Disclosed

Share ownership by holder category

3,311 Shareholders
0.31% Foreign holders (total) Industry median 4.70%
92.75% Individuals and others Industry median 48.66%

Puequ

Unit %Source Annual securities reports

  • Financial institutions0.01%
  • Securities firms0.38%
  • Other corporations6.55%
  • Foreign holders (institutions)0.27%
  • Foreign holders (individuals)0.04%
  • Individuals and others92.75%

Major shareholders

RankShareholderShareholding ratioShares held
1 来山 哲二 13.78% 623,700
2 東洋額装株式会社 4.42% 200,000
3 来山 美佐子 3.02% 136,800
4 宮地 治夫 2.4% 108,600
5 小林 正明 1.77% 80,000
6 ポエック従業員持株会 1.47% 66,628
7 岡部 寛 1.44% 65,000
8 山内 義光 1.12% 50,500
9 藤田 砂智 1.07% 48,600
10 株式会社ケンセイ舎 1.06% 48,000

Research and development expenses and capital expenditure

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

¥6.00 million Research and development 0.1% of revenue (industry median 0.1%)
¥1.5 billion Capital expenditure 15.0% of revenue (industry median 1.1%)
Fiscal year Research and development Capital expenditure
FY ending 8/2025 ¥6.00 million ¥1.5 billion
FY ending 8/2020 Could not be retrieved ¥0.2 billion

Research and development expenses and capital expenditure by segment (FY ending 8/2025)

Segment Capital expenditure
Environment / Energy ¥0.3 billion
動力・重機等 ¥0.9 billion
防災・安全 ¥82.05 million

Revenue scale in the same industry

Puequ

Source Annual securities reports of each company

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

  • 1 MitsubishiFY Mar 2026 ¥18.9T
  • 2 ITOCHUFY Mar 2026 ¥14.8T
  • 3 MITSUI &FY Mar 2026 ¥14.0T
  • … 287 companies
  • 291 ozuFY May 2026 ¥10.7B
  • 292 テリロジーFY Mar 2026 ¥10.6B
  • 293 PuequThis companyFY Aug 2025 ¥10.1B
  • 294 SAFTECFY Mar 2026 ¥10.1B
  • 295 TSUKAMOTOFY Mar 2026 ¥10.1B
  • … 35 companies

Workforce information

Source: Annual Securities Report (Sep 2024 to Aug 2025)Parent-onlyDisclosed

67 Employees (parent only) Industry median 228
39.8 Average age Industry median 42.3
11.1 years Average length of service Industry median 13.8 years
¥5.19 million Average annual salary Industry median ¥6.79 million
People and organisation
36.8¥ million Sales per employee Industry median 101.7¥ million FY ending 8/2025 · consolidated / calculated
¥3.32 million Operating income per employee

Audit and disclosure information

Annual securities report, year ended 2025-08-31Disclosed

ItemValue
Audit firm 太陽有限責任監査法人
Audit fees (this year, total) ¥31.00 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) (29 items)

ItemValueConsolidated / Non-consolidated
Comprehensive income ¥0.6 billion Consolidated
Net cash provided by (used in) operating activities ¥1.1 billion Consolidated
Net sales ¥10.1 billion Consolidated
Net cash provided by (used in) investing activities ¥-1.1 billion Consolidated
Diluted earnings per share 92.47 yen Consolidated
Cash and cash equivalents ¥4.0 billion Consolidated
Net assets ¥4.3 billion Consolidated
Ordinary income (loss) ¥1.0 billion Consolidated
Total assets ¥15.1 billion Consolidated
Return on equity 13.7% Consolidated
Equity-to-asset ratio 28.2% Consolidated
Net income (loss) attributable to owners of parent ¥0.6 billion Consolidated
Net cash provided by (used in) financing activities ¥2.4 billion Consolidated
Basic earnings (loss) per share 123.64 yen Consolidated
Net assets per share 940.57 yen Consolidated
Dividend per share 70 yen Parent only
Net sales ¥4.5 billion Parent only
Net income (loss) ¥0.6 billion Parent only
Diluted earnings per share 98.34 yen Parent only
Total number of issued shares (common stock) 4,700,826 shares Parent only
Net assets ¥3.7 billion Parent only
Ordinary income (loss) ¥0.7 billion Parent only
Total assets ¥9.2 billion Parent only
Return on equity 16.7% Parent only
Equity-to-asset ratio 40.7% Parent only
Capital stock ¥1.7 billion Parent only
Payout ratio 53.2% Parent only
Basic earnings (loss) per share 131.49 yen Parent only
Net assets per share 824.76 yen Parent only

Employees (8 items)

ItemValueConsolidated / Non-consolidated
Number of employees 275 people Consolidated
Number of employees 275 people Consolidated
Average length of service (years) 11.1 years Parent only
Average annual salary ¥5.19 million Parent only
Average age (years) 39.8 years old Parent only
Number of employees 67 people Parent only
Number of employees 67 people Parent only
Number of employees 67 people Parent only

Shares (16 items)

ItemValueConsolidated / Non-consolidated
Total of dividends received equity securities other than those not listed investment equity securities held for pure investment reporting company ¥0.23 million Consolidated
Total of gain loss on sale equity securities other than those not listed investment equity securities held for pure investment reporting company ¥0.42 million Consolidated
Number of shares held 1,427,828 shares Consolidated
Total number of shares held treasury shares etc 176,100 shares Consolidated
Number of shares 4,700,826 shares Consolidated
Shareholding ratio treasury shares etc 3.8% Consolidated
Shareholding ratio 31.6% Consolidated
Number of shares held in own name treasury shares etc 176,100 shares Consolidated
Total of valuation gain (loss) ¥-30.10 million Consolidated
Total of valuation gain (loss) ¥2.83 million Consolidated
Number of voting rights 45,189 units Consolidated
Book value equity securities not listed investment equity securities held for pure investment reporting company ¥10.00 million Consolidated
Book value equity securities other than those not listed investment equity securities held for pure investment reporting company ¥8.10 million Consolidated
Number of issues 6 issues Consolidated
Number of issues 8 issues Consolidated
Total shareholder return 54.4% Parent only

Other disclosed items (6 items)

ItemValueConsolidated / Non-consolidated
Net sales to external customers ¥10.1 billion Consolidated
Increase in property plant and equipment and intangible assets ¥1.5 billion Consolidated
Write-downs of inventories ¥-12.96 million Consolidated
Depreciation ¥0.3 billion Consolidated
Number of consolidated subsidiaries 7 companies Consolidated
Total return on the share price index 184.6% Parent only

Research and development (1 items)

ItemValueConsolidated / Non-consolidated
Research and development expenses ¥6.00 million Consolidated

Property and facilities (1 items)

ItemValueConsolidated / Non-consolidated
Capital expenditures ¥1.5 billion Consolidated

Audit (2 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥31.00 million Consolidated
Fees for audit and attestation services - total ¥31.00 million Consolidated

Balance sheet (135 items)

ItemValueConsolidated / Non-consolidated
Other ¥66.52 million Consolidated
Other ¥0.6 billion Consolidated
Other ¥0.5 billion Consolidated
Other ¥0.3 billion Consolidated
Other ¥0.1 billion Consolidated
Other ¥31.04 million Consolidated
Valuation difference on available-for-sale securities ¥12.91 million Consolidated
Other, net ¥0.2 billion Consolidated
Goodwill ¥0.5 billion Consolidated
Work in process ¥0.4 billion Consolidated
Retained earnings ¥1.2 billion Consolidated
Raw materials and supplies ¥0.1 billion Consolidated
Notes receivable - trade ¥2.5 billion Consolidated
Merchandise and finished goods ¥0.3 billion Consolidated
Non-current liabilities ¥4.6 billion Consolidated
Non-current assets ¥7.0 billion Consolidated
Land ¥2.5 billion Consolidated
Contract liabilities ¥0.1 billion Consolidated
Buildings and structures ¥2.9 billion Consolidated
Buildings and structures, net ¥1.4 billion Consolidated
Construction in progress ¥0.7 billion Consolidated
Provision for directors' retirement benefits ¥34.27 million Consolidated
Investments and other assets ¥1.1 billion Consolidated
Real estate for investment ¥0.2 billion Consolidated
Investment securities ¥0.3 billion Consolidated
Notes and accounts payable - trade ¥0.6 billion Consolidated
Property, plant and equipment ¥5.3 billion Consolidated
Income taxes payable ¥0.2 billion Consolidated
Accounts payable - other ¥0.4 billion Consolidated
Shareholders' equity ¥4.2 billion Consolidated
Machinery, equipment and vehicles ¥2.5 billion Consolidated
Machinery, equipment and vehicles, net ¥0.6 billion Consolidated
Current liabilities ¥6.3 billion Consolidated
Current assets ¥8.1 billion Consolidated
Accumulated depreciation ¥-0.4 billion Consolidated
Accumulated depreciation ¥-1.5 billion Consolidated
Accumulated depreciation ¥-1.9 billion Consolidated
Intangible assets ¥0.5 billion Consolidated
Cash and cash equivalents ¥4.0 billion Consolidated
Cash and deposits ¥4.3 billion Consolidated
Short-term loans payable ¥3.6 billion Consolidated
Net assets ¥4.3 billion Consolidated
Net assets ¥4.3 billion Consolidated
Total assets ¥15.1 billion Consolidated
Total assets ¥15.1 billion Consolidated
Deferred tax liabilities ¥0.2 billion Consolidated
Deferred tax assets ¥0.1 billion Consolidated
Treasury stock ¥-0.3 billion Consolidated
Valuation and translation adjustments ¥12.91 million Consolidated
Liabilities ¥10.8 billion Consolidated
Liabilities and net assets ¥15.1 billion Consolidated
Allowance for doubtful accounts ¥-15.08 million Consolidated
Allowance for doubtful accounts ¥-0.60 million Consolidated
Capital surplus ¥1.6 billion Consolidated
Capital stock ¥1.7 billion Consolidated
Provision for bonuses ¥44.53 million Consolidated
Convertible-bond-type bonds with share acquisition rights ¥2.0 billion Consolidated
Net defined benefit liability ¥0.2 billion Consolidated
Long-term loans payable ¥2.1 billion Consolidated
Long-term loans receivable ¥7.07 million Consolidated
Electronically recorded monetary claims - operating ¥0.3 billion Consolidated
Current portion of long-term loans payable ¥1.0 billion Consolidated
Other ¥29.47 million Parent only
Other ¥7.08 million Parent only
Other ¥14.39 million Parent only
Valuation difference on available-for-sale securities ¥1.03 million Parent only
Lease obligations ¥8.28 million Parent only
Lease obligations ¥4.50 million Parent only
Lease assets, net ¥11.28 million Parent only
Life insurance funds ¥92.98 million Parent only
Investments in capital ¥0.10 million Parent only
Retained earnings ¥0.7 billion Parent only
Unearned revenue ¥0.68 million Parent only
Prepaid expenses ¥35.64 million Parent only
Advance payments trade ¥58.08 million Parent only
Raw materials and supplies ¥2.66 million Parent only
Notes receivable - trade ¥0.7 billion Parent only
Merchandise and finished goods ¥89.34 million Parent only
Non-current liabilities ¥2.7 billion Parent only
Non-current assets ¥4.7 billion Parent only
Land ¥0.8 billion Parent only
Contract liabilities ¥27.59 million Parent only
Tools, furniture and fixtures ¥77.90 million Parent only
Buildings, net ¥0.4 billion Parent only
Construction in progress ¥0.3 billion Parent only
Provision for directors' retirement benefits ¥9.07 million Parent only
Investments and other assets ¥3.0 billion Parent only
Real estate for investment ¥0.1 billion Parent only
Investment securities ¥0.2 billion Parent only
Property, plant and equipment ¥1.6 billion Parent only
Accounts receivable - other ¥0.3 billion Parent only
Income taxes refund receivable ¥0.46 million Parent only
Income taxes payable ¥21.79 million Parent only
Accrued consumption taxes ¥31.45 million Parent only
Accrued expenses ¥3.32 million Parent only
Dividends payable ¥1.09 million Parent only
Accounts payable - other ¥64.35 million Parent only
Shareholders' equity ¥3.7 billion Parent only
Structures, net ¥47.98 million Parent only
Machinery and equipment, net ¥15.81 million Parent only
Current liabilities ¥2.8 billion Parent only
Current assets ¥4.5 billion Parent only
Intangible assets ¥14.39 million Parent only
Cash and deposits ¥3.2 billion Parent only
Short-term loans payable ¥1.9 billion Parent only
Claims provable in bankruptcy claims provable in rehabilitation and other ¥18.96 million Parent only
Net assets ¥3.7 billion Parent only
Net assets ¥3.7 billion Parent only
Total assets ¥9.2 billion Parent only
Deferred tax assets ¥49.31 million Parent only
Retained earnings brought forward ¥0.7 billion Parent only
Treasury stock ¥-0.3 billion Parent only
Valuation and translation adjustments ¥1.03 million Parent only
Liabilities ¥5.4 billion Parent only
Liabilities and net assets ¥9.2 billion Parent only
Accounts payable - trade ¥0.3 billion Parent only
Allowance for doubtful accounts ¥-15.08 million Parent only
Allowance for doubtful accounts ¥-0.60 million Parent only
Capital surplus ¥1.6 billion Parent only
Legal capital surplus ¥1.6 billion Parent only
Capital stock ¥1.7 billion Parent only
Provision for bonuses ¥12.87 million Parent only
Vehicles, net ¥1.15 million Parent only
Convertible-bond-type bonds with share acquisition rights ¥2.0 billion Parent only
Provision for retirement benefits ¥55.30 million Parent only
Long-term loans payable ¥0.6 billion Parent only
Long-term prepaid expenses ¥0.2 billion Parent only
Long-term accounts receivable-other ¥29.25 million Parent only
Long-term loans receivable ¥7.07 million Parent only
Shares of subsidiaries and associates ¥2.2 billion Parent only
Long-term loans receivable from subsidiaries and affiliates ¥15.82 million Parent only
Electronically recorded monetary claims - operating ¥46.51 million Parent only
Guarantee deposited-NCL ¥2.75 million Parent only
Deposits received ¥14.44 million Parent only
Current portion of long-term loans payable ¥0.4 billion Parent only

Statement of income (102 items)

ItemValueConsolidated / Non-consolidated
Other ¥32.58 million Consolidated
Other ¥18.59 million Consolidated
Other comprehensive income ¥7.97 million Consolidated
Valuation difference on available for sale securities net of tax ¥7.97 million Consolidated
Cancellation refund ¥1.60 million Consolidated
Dividends from surplus ¥-0.2 billion Consolidated
Comprehensive income ¥0.6 billion Consolidated
Interest income ¥3.80 million Consolidated
Dividend income ¥1.04 million Consolidated
Operating income ¥0.9 billion Consolidated
Operating income ¥0.9 billion Consolidated
Non-operating income ¥0.2 billion Consolidated
Non-operating expenses ¥0.1 billion Consolidated
Net cash provided by (used in) operating activities ¥1.1 billion Consolidated
Loss on sale of non-current assets ¥0.08 million Consolidated
Gain on sales of non-current assets ¥0.19 million Consolidated
Fixed asset rent ¥18.66 million Consolidated
Loss on retirement of non-current assets ¥8.02 million Consolidated
Cost of sales ¥7.5 billion Consolidated
Gross profit (loss) ¥2.7 billion Consolidated
Net sales ¥10.1 billion Consolidated
Net sales ¥10.1 billion Consolidated
Net income ¥0.6 billion Consolidated
Net income ¥0.6 billion Consolidated
Net income (loss) ¥0.6 billion Consolidated
Net income (loss) ¥0.6 billion Consolidated
Directors' compensations ¥0.3 billion Consolidated
Provision for directors' retirement benefits ¥8.65 million Consolidated
Loss on sales of investment securities ¥0.13 million Consolidated
Gain on sales of investment securities ¥0.56 million Consolidated
Loss on valuation of investment securities ¥30.10 million Consolidated
Net cash provided by (used in) investing activities ¥-1.1 billion Consolidated
Share of loss of investments accounted for using equity method ¥6.32 million Consolidated
Guarantee commission ¥2.00 million Consolidated
Interest expenses ¥56.92 million Consolidated
Fee expenses ¥0.1 billion Consolidated
Commission fees ¥34.50 million Consolidated
Issuance of new shares ¥59.76 million Consolidated
Stock issuance cost ¥0.05 million Consolidated
Income taxes - current ¥0.3 billion Consolidated
Income taxes ¥0.4 billion Consolidated
Income taxes - deferred ¥65.75 million Consolidated
Extraordinary income ¥0.19 million Consolidated
Extraordinary loss ¥38.20 million Consolidated
Effect of exchange rate change on cash and cash equivalents ¥1.39 million Consolidated
Net increase (decrease) in cash and cash equivalents ¥2.4 billion Consolidated
Research and development expenses ¥6.71 million Consolidated
Income (loss) before income taxes ¥0.9 billion Consolidated
Income (loss) before income taxes ¥0.9 billion Consolidated
Ordinary income ¥1.0 billion Consolidated
Salaries and allowances ¥0.5 billion Consolidated
Purchase of treasury stock ¥-0.3 billion Consolidated
Subsidy income ¥0.1 billion Consolidated
Comprehensive income attributable to owners of parent ¥0.6 billion Consolidated
Net cash provided by (used in) financing activities ¥2.4 billion Consolidated
Selling, general and administrative expenses ¥1.8 billion Consolidated
Provision of allowance for doubtful accounts ¥6.50 million Consolidated
Provision for bonuses ¥12.66 million Consolidated
Retirement benefit expenses ¥3.72 million Consolidated
Other ¥15.19 million Parent only
Other ¥0.66 million Parent only
Dividends from surplus ¥-0.2 billion Parent only
Interest income ¥2.57 million Parent only
Dividend income ¥0.6 billion Parent only
Operating income ¥77.32 million Parent only
Non-operating income ¥0.7 billion Parent only
Non-operating expenses ¥60.33 million Parent only
Gain on sales of non-current assets ¥0.07 million Parent only
Fixed asset rent ¥7.62 million Parent only
Rent expenses on non-current assets ¥11.04 million Parent only
Loss on retirement of non-current assets ¥0 Parent only
Cost of sales ¥3.6 billion Parent only
Gross profit (loss) ¥1.0 billion Parent only
Net sales ¥4.5 billion Parent only
Net income (loss) ¥0.6 billion Parent only
Net income (loss) ¥0.6 billion Parent only
Directors' compensations ¥0.1 billion Parent only
Provision for directors' retirement benefits ¥0.55 million Parent only
Loss on sales of investment securities ¥0.13 million Parent only
Gain on sales of investment securities ¥0.56 million Parent only
Loss on valuation of investment securities ¥30.10 million Parent only
Interest expenses ¥19.81 million Parent only
Commission fees ¥28.64 million Parent only
Commission fees ¥35.34 million Parent only
Issuance of new shares ¥59.76 million Parent only
Stock issuance cost ¥0.05 million Parent only
Income taxes - current ¥11.60 million Parent only
Income taxes ¥27.21 million Parent only
Income taxes - deferred ¥15.61 million Parent only
Legal welfare expenses ¥58.14 million Parent only
Depreciation ¥48.44 million Parent only
Extraordinary income ¥0.07 million Parent only
Extraordinary loss ¥36.42 million Parent only
Income (loss) before income taxes ¥0.6 billion Parent only
Ordinary income ¥0.7 billion Parent only
Salaries and allowances ¥0.3 billion Parent only
Purchase of treasury stock ¥-0.3 billion Parent only
Selling, general and administrative expenses ¥0.9 billion Parent only
Provision of allowance for doubtful accounts ¥6.57 million Parent only
Provision for bonuses ¥10.21 million Parent only
Retirement benefit expenses ¥3.08 million Parent only
Loss on valuation of shares of subsidiaries and associates ¥6.32 million Parent only

Accounts unique to this company (5 items)

ItemValueConsolidated / Non-consolidated
Revenue ¥4.86 million Consolidated
Revenue ¥0.33 million Consolidated
Revenue ¥0.3 billion Consolidated
Revenue ¥0.6 billion Consolidated
Revenue ¥0.4 billion Parent only

Statement of changes in equity (4 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥0.1 billion Consolidated
Net changes in items other than shareholders' equity ¥7.97 million Consolidated
Total changes during the period ¥0.2 billion Parent only
Net changes in items other than shareholders' equity ¥1.15 million Parent only

Statement of cash flows (52 items)

ItemValueConsolidated / Non-consolidated
Other ¥57.36 million Consolidated
Other ¥-13.51 million Consolidated
Amortization of goodwill ¥55.48 million Consolidated
Repayment of lease liabilities-FinCF ¥-7.42 million Consolidated
Increase decrease in notes and accounts payable trade ¥14.36 million Consolidated
Payments for contributions in insurance fund ¥-22.80 million Consolidated
Proceeds from cancellation of insurance funds ¥6.45 million Consolidated
Cancellation refund ¥-1.60 million Consolidated
Interest expenses paid ¥-58.67 million Consolidated
Interest and dividends income received ¥4.83 million Consolidated
Decrease (increase) in advance payments to suppliers ¥-34.32 million Consolidated
Interest and dividend income ¥-4.84 million Consolidated
Increase decrease in provision for loss on order received ¥1.77 million Consolidated
Loss on retirement of non-current assets ¥8.02 million Consolidated
Decrease increase in notes and accounts receivable trade ¥-65.12 million Consolidated
Increase (decrease) in contract liabilities ¥0.1 billion Consolidated
Proceeds from withdrawal of time deposits ¥0.5 billion Consolidated
Payments into time deposits ¥-0.3 billion Consolidated
Subtotal ¥1.4 billion Consolidated
Increase decrease in provision for directors retirement benefits ¥16.71 million Consolidated
Purchase of investment securities ¥-4.11 million Consolidated
Proceeds from sales of investment securities ¥5.46 million Consolidated
Loss (gain) on sales of long-term investment securities ¥-0.42 million Consolidated
Valuation gains (losses) on investment securities ¥30.10 million Consolidated
Equity in earnings losses of affiliates ¥6.32 million Consolidated
Interest expenses ¥56.92 million Consolidated
Commission fees ¥34.50 million Consolidated
Purchase of property plant and equipment ¥-1.3 billion Consolidated
Proceeds from sales of property plant and equipment ¥0.26 million Consolidated
Loss gain on sales of property plant and equipment ¥-0.11 million Consolidated
Decrease in consumption taxes payable ¥97.16 million Consolidated
Increase (decrease) in accounts payable-other ¥14.01 million Consolidated
Payments for issuance of common stock ¥-0.05 million Consolidated
Stock issuance cost ¥0.05 million Consolidated
Decrease (increase) in inventories ¥-88.32 million Consolidated
Income taxes paid ¥-0.3 billion Consolidated
Depreciation ¥0.3 billion Consolidated
Foreign exchange loss (gain) ¥-1.39 million Consolidated
Purchase of intangible assets ¥-5.21 million Consolidated
Decrease/increase in short-term loans payable ¥1.0 billion Consolidated
Decrease increase in claims provable in bankruptcy claims provable in rehabilitation ¥-11.55 million Consolidated
Proceeds from issuance of bonds ¥2.0 billion Consolidated
Regarding purchase of treasury stock ¥-0.3 billion Consolidated
Proceeds from subsidy-InvCF ¥0.1 billion Consolidated
Subsidy income ¥-0.1 billion Consolidated
Collection of loans receivable ¥0.08 million Consolidated
Increase (decrease) in allowance for doubtful accounts ¥6.50 million Consolidated
Increase (decrease) in provision for bonuses ¥3.90 million Consolidated
Increase (decrease) in net defined benefit liability ¥10.81 million Consolidated
Dividends ¥-0.2 billion Consolidated
Proceeds from long term loans payable ¥0.9 billion Consolidated
Repayment of long term loans payable ¥-1.0 billion Consolidated
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥1.1 billion ConsolidatedDisclosed
Dividend per share 70 Parent onlyDisclosed
Number of employees 275 ConsolidatedDisclosed
Net assets ¥4.3 billion ConsolidatedDisclosed
Net sales ¥10.1 billion ConsolidatedDisclosed
Operating income ¥0.9 billion ConsolidatedDisclosed
Ordinary income ¥1.0 billion ConsolidatedDisclosed
Net income ¥0.6 billion ConsolidatedDisclosed
Total assets ¥15.1 billion ConsolidatedDisclosed
Operating margin 9.0%ConsolidatedCalculated
Net margin 5.7%ConsolidatedCalculated
Sales per employee 36779255 yenConsolidatedCalculated
Total asset turnover 0.67 timesConsolidatedCalculated
Net assets to total assets 28.2%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 9%　Operating income ÷ net sales 　＝ ¥0.9 billion ÷ ¥10.1 billion
    Operating income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Net margin 5.7%　Net income ÷ net sales 　＝ ¥0.6 billion ÷ ¥10.1 billion
    Net income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Sales per employee 36,779,255 yen　Sales or operating revenue ÷ employees 　＝ ¥10.1 billion ÷ 275 people
    Sales or operating revenue ÷ employees. The denominator is Number of employees (Consolidated, Japanese GAAP).
  • Total asset turnover 0.67 times　Sales or operating revenue ÷ total assets 　＝ ¥10.1 billion ÷ ¥15.1 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).
  • Net assets to total assets 28.2%　Net assets ÷ total assets 　＝ ¥4.3 billion ÷ ¥15.1 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 (Sep 2024 to Aug 2025) · Consolidated · Net sales to external customers · filed 2025-11-25
  • 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: ¥10.1 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
  • Goodwill (the part of the acquisition price above the net assets acquired)　12% 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 ¥65.12 million + inventories up ¥88.32 million, over net sales ¥10.1 billion
  • Property, plant and equipment purchases relative to depreciation　Purchase of property, plant and equipment ÷ depreciation。Purchase of property, plant and equipment ¥1.3 billion, over depreciation ¥0.3 billion
  • Return to shareholders　(dividends paid + purchase of treasury stock) ÷ net cash provided by operating activities。Dividends paid ¥0.2 billion + purchase of treasury stock ¥0.3 billion, over operating cash flow ¥1.1 billion
  • Extraordinary gains and losses relative to ordinary profit　(extraordinary income − extraordinary loss) ÷ ordinary income。Extraordinary income ¥0.19 million − extraordinary loss ¥38.20 million, over ordinary income ¥1.0 billion
  • Investment securities to net assets　Investment securities ÷ net assets。Investment securities ¥0.3 billion, over net assets ¥4.3 billion

Long-term changes in performance

  • Revenue　Disclosed value for 2025 ÷ disclosed value for 2016

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 1 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). Segment names and order: the same as the segment table above. Group-wide research and adjustments mean segment figures may not add up to the company-wide amount.

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: 275 (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

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 Puequ Co., LTD. on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 5240001032096 / 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