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Producer Manufacturing

Okamura Corp.

Business Summary

Okamura Corp. engages in the manufacture and sale of office, logistics, and business equipment. It operates through the following segments: Office Environment, Commercial Environment, Logistics Systems, and Others. The Office Environment segment offers office furniture, furniture for public facilities, security products, and healthcare-related products. The Commercial Environment segment provides store display shelves, refrigerated showcases, and store counters. The Logistics Systems segment manufactures and markets storage shelves for factories and warehouses. It also deals with automatic logistics equipment and devices. The Others segment includes the power train business. The company was founded by Kenjiro Yoshiwara on October 10, 1945 and is headquartered in Yokohama, Japan.

Financial Highlights

Mar 2021 JPYUSD
Gross Profit77,713M732.74M
Operating income14,176M133.66M
Income before tax18,007M169.78M
Net income11,970M112.86M
Diluted EPS112.501.06
Dividends Per Share320.30
Total Assets253,322M2,292.50M
Total liabilities113,544M1,027.54M
Total equity138,757M1,255.71M
Operating cash flow26,921M253.83M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 236,776M 241,752M 247,925M 253,170M 244,454M
Gross Profit 71,879M 73,731M 76,882M 79,473M 77,713M
Operating income 11,817M 13,144M 12,419M 13,391M 14,176M
Income before tax 11,996M 16,078M 14,803M 14,483M 18,007M
Net income 8,295M 10,821M 10,235M 9,851M 11,970M
EBITDA 17,074M 18,549M 17,956M 19,325M 20,181M
Diluted EPS 75.30 98.22 92.90 89.43 112.50
Dividends Per Share 24 26 28 32 32
Total Assets 222,784M 240,628M 236,974M 244,494M 253,322M
Total liabilities 108,533M 115,041M 106,567M 108,996M 113,544M
Total equity 113,690M 125,223M 129,933M 134,283M 138,757M
Operating cash flow 11,443M 12,059M 9,464M 14,501M 26,921M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 2,186.54M 2,181.23M 2,235.68M 2,328.51M 2,304.92M
Gross Profit 663.77M 665.24M 693.28M 730.94M 732.74M
Operating income 109.12M 118.59M 111.98M 123.16M 133.66M
Income before tax 110.77M 145.06M 133.48M 133.20M 169.78M
Net income 76.60M 97.63M 92.29M 90.60M 112.86M
EBITDA 157.67M 167.36M 161.91M 177.74M 190.28M
Diluted EPS 0.69 0.88 0.83 0.82 1.06
Dividends Per Share 0.22 0.23 0.25 0.29 0.30
Total Assets 1,999.31M 2,262.60M 2,140.97M 2,264.77M 2,292.50M
Total liabilities 974.00M 1,081.72M 962.79M 1,009.64M 1,027.54M
Total equity 1,020.28M 1,177.46M 1,173.89M 1,243.87M 1,255.71M
Operating cash flow 105.67M 108.80M 85.34M 133.37M 253.83M

Valuation Measures

Mar 2021
Operating margin5.79%
Profit margin4.89%

Key executives

  • President & Representative Director: Masayuki Nakamura
  • Director, Head-Information Systems & Corporate: Teiichi Toshida
  • Director, Executive Officer & Head-Accounting: Sakae Fukuda
  • Director & General Manager-Office Sales: Shigeji Kikuchi
  • Director & Senior Managing Executive Officer: Fumio Yamamoto


  • Okamura Group Employee Stock Ownership Plan (5.7%)
  • Meiji Yasuda Life Insurance Co. (5.4%)
  • Mitsubishi UFJ Financial Group, Inc. (5.3%)
  • MS&AD Insurance Group Holdings, Inc. (4.2%)
  • Okamura Business Association (3.5%)
  • Concordia Financial Group, Ltd. (2.8%)
  • Norges Bank Investment Management (2.6%)
  • Nomura Asset Management Co., Ltd. (2.1%)
  • The Vanguard Group, Inc. (1.9%)

Contact Details

  • Website:
  • Address: Tenri Building, 19/F, 1-4-1 Kitasaiwai, Yokohama, 220-0004, Japan
  • Phone: +81.45.319.3401

Related Companies

  • Okamura Trading (Shanghai) Co., Ltd.
  • Okamura Corp. Trust
  • Td Japan KK (New)
  • Okamura Business Support KK
  • Okamura Dealer Business Association
  • Okamura Logistics Corp.
  • Shibuya Engineering & Consulting
  • Okamura Support & Service Corp.
  • Kansai Okamura MFG Co. Ltd.
  • Salotto (China) Ltd.
  • DB & B Holdings Pte Ltd.
  • SEC KK (Osaka)
  • Sanyo Okamura KK
  • Fuji Seiko Honsha KK
  • Seeder Co., Ltd.
  • Okamura Business Association
  • Okamura Group Employee Stock Ownership Plan


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