Sokensha Co.,Ltd.
7413・Standard Market・Wholesale Trade
Health & Natural Foods Wholesale Business (Single Segment)
A wholesale business specializing in natural foods that avoid unnecessary food additives (founded over 55 years ago)
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales (Consolidated) | ¥4,751 million | ¥4,950 million | ↓ |
| Operating Income (Consolidated) | ¥21 million | ¥65 million | ↓ |
| Ordinary Income (Consolidated) | ¥22 million | ¥71 million | ↓ |
| Profit Attributable to Owners of Parent (Consolidated) | ¥17 million | ¥47 million | ↓ |
| Gross Profit Margin (Consolidated) | 25.3% | 25.2% | ↑ |
| Operating Margin (Consolidated) | 0.4% | 1.3% | ↓ |
| Equity Ratio (Consolidated) | 38.9% | 39.4% | ↓ |
| Net Assets per Share (Consolidated) | ¥1,694.21 | ¥1,658.54 | ↑ |
| Earnings per Share (Consolidated) | ¥24.30 | ¥67.94 | ↓ |
| Cash and Cash Equivalents at End of Period (Consolidated) | ¥1,107 million | ¥1,011 million | ↑ |
| Total Assets (Consolidated) | ¥3,047 million | ¥2,943 million | ↑ |
| Net Assets (Consolidated) | ¥1,185 million | ¥1,160 million | ↑ |
| Annual Dividend | ¥20.00 | ¥20.00 | — |
| Dividend Payout Ratio (Consolidated) | 82.3% | 29.4% | ↑ |
Business Details
A health and natural foods wholesale business consisting of Sokensha Co., Ltd. and its consolidated subsidiary Takahashi Seimen Co., Ltd. The company plans, develops, and sells organic and plant-based products, centered on Seasonings, Side Dishes, and Confectionery & Beverages. Main product categories are Seasonings (33.5% of sales), Side Dishes (25.9%), and Confectionery & Beverages (22.7%). With a basic policy of not using food additives, the company focuses on building fans of its proprietary brand products based on trust cultivated since its founding.
Recent Overview
In FY2026 (ending March 2026), both net sales and operating income declined sharply year on year, while extraordinary gains supported net income
Consolidated net sales for the full year of FY2026 (ending March 2026) were ¥4,751 million (down 4.0% year on year), operating income was ¥21 million (down 68.0%), and ordinary income was ¥22 million (down 69.2%), representing a significant deterioration. The main cause was an 8.9% decline in the mainstay Seasonings category due to lower sales of mayonnaise and other items following a change in package volume. On the other hand, Confectionery & Beverages achieved a 5.5% increase thanks to strong sales of the Meicy Series. The company recorded extraordinary gains of ¥6 million from the sale of fixed assets, ¥10 million in compensation received, and ¥8 million from the sale of investment securities (totaling ¥25 million), which partially offset an extraordinary loss of ¥10 million from the write-off of inventory. As a result, profit attributable to owners of parent was ¥17 million (down 64.2% year on year). The company has launched its 7th Medium-Term Management Plan (April 2026 to March 2029) and forecasts net sales of ¥4,900 million (up 3.1% year on year) and operating income of ¥35 million (up 66.1%) for FY2027 (ending March 2027).
Key Products
Growth Drivers
- Continued increase in sales volume in the Confectionery & Beverages category, centered on the Meicy Series (up 5.5% in FY2026)
- Strengthened appeal of organic and plant-based products through compliance with the food additive-free guidelines (effective April 2024)
- Acquisition of new customers through the expansion of non-contact sales and services such as e-commerce sites and delivery services
- Promotion of various measures aimed at achieving operating income of ¥100 million under the 7th Medium-Term Management Plan (April 2026 to March 2029), 'Strengthening the Growth Foundation through Co-creation and Transformation'
- Continued improvement in gross profit margin (25.3% in FY2026, up 0.1 percentage point year on year)
Risks
- Risk of sales decline associated with package volume changes and price revisions of mainstay products (seasonings such as mayonnaise) (8.9% decline in the Seasonings category in FY2026)
- Rising procurement costs due to soaring raw material and energy prices and a weaker yen (although procurement value decreased 4.2% year on year, interest expense increased from ¥5 million in the prior period to ¥7 million in the current period)
- Risk of declining demand for natural and organic foods due to growing consumer thrift-mindedness
- Risk of problems arising related to food safety, radioactive substances, food allergies, and public regulations
- Intensifying competition and labor shortages/logistics issues in the food industry amid growing polarization between small-to-medium enterprises and large corporations
- Risk of increased financial burden due to a significant increase in short-term borrowings (from ¥489 million in the prior period to ¥638 million in the current period)
- Intensifying competition due to an increase in new entrants amid the expansion of the natural foods market
Last updated: June 26, 2026