Earnings quality
Compare earnings and operating cash flow for earnings quality.
MatsukiyoCocokara & Co.
Ticker 3088 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-18 · Period end 2026-03-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 7.6%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin7.6%
Equity ratio—
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
株式会社マツキヨココカラ＆カンパニー is a Japanese listed company. Its reportable segments include And Company, Cocokara Fine Group, Management Business, Matsumoto Kiyoshi Group.
- And Company
- Cocokara Fine Group
- Management Business
- Matsumoto Kiyoshi Group
- Total Of
- Description Of
- Disclosure Of Changes In
- Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each
Segments And Company · Cocokara Fine Group · Management Business · Matsumoto Kiyoshi Group · Total Of · Description Of
Compare trends
No phone/email found in this filing · Filing date 2026-06-18
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥1.1T | ¥1.1T |
| Cost of sales* | ¥689.4B | ¥723.7B |
| Gross profit | ¥372.2B | ¥393.8B |
| Operating profit (loss) | ¥82.1B | ¥84.9B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥28.9B | ¥31.9B |
| Profit (loss) | ¥55.0B | ¥56.1B |
| Profit (loss) attributable to owners | ¥54.7B | ¥55.8B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥111.8B | ¥119.7B |
| Current assets | ¥364.3B | ¥401.1B |
| Non-current assets | ¥348.5B | ¥354.7B |
| Total assets | ¥712.8B | ¥755.8B |
| Short-term borrowings | ¥1.2B | ¥1.9B |
| Current liabilities | ¥162.6B | ¥181.7B |
| Non-current liabilities* | ¥28.6B | ¥29.7B |
| Total liabilities | ¥191.3B | ¥211.4B |
| Equity attributable to owners | — | — |
| Total equity | — | — |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥81.5B | ¥73.2B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥66.7B | -¥34.1B |
| Net increase (decrease) in cash | -¥6.0B | ¥4.8B |
| Cash at end of period | ¥111.8B | ¥119.7B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥730.0B | ¥951.2B | ¥1.0T | ¥1.1T | ¥1.1T | |
| Operating profit | ¥44.6B | ¥66.7B | ¥80.5B | ¥86.3B | ¥89.9B | |
| Profit to owners | — | — | — | ¥54.7B | ¥55.8B | |
| Total assets | ¥652.5B | ¥688.1B | ¥724.7B | ¥712.8B | ¥755.8B | |
| Cash & equivalents | — | — | ¥117.7B | ¥111.8B | ¥119.7B | |
| Owners’ equity | ¥460.1B | ¥482.7B | ¥515.2B | ¥521.5B | ¥544.5B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from ¥1.1T to ¥1.1T (▲ +5.3%), so the top line did not break. Gross profit only slipped from ¥372.2B to ¥393.8B, while operating profit swung from ¥82.1B to ¥84.9B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥73.2B (prior ¥81.5B), and cash on the balance sheet rose to ¥119.7B from ¥111.8B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
Goodwill on the balance sheet fell from ¥99.3B to ¥98.3B, consistent with heavy write-downs of past acquisitions’ carrying values.
The balance sheet got heavier on leverage. Total liabilities rose to ¥211.4B while owners’ equity fell to —. ROE moved from 10.6% to 10.5%, and the equity ratio from 73.1% to 71.9%. Employee count is 14,293 vs 12,753 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Owners’ equity ratio fell from 73.1% to 71.9%; the balance sheet absorbed a heavy loss year.
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Source: EDINET S100YD1I
(株式会社マツキヨココカラ＆カンパニー), period end 2026-03-31.