ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Distribution Services

Workman Co., Ltd.

Business Summary

Workman Co., Ltd. engages in the operation of franchise chain stores and directly managed stores that sells work wear, casual wear, family clothing, footwear, and work related products. The company was founded on November 30, 1979 and is headquartered in Isesaki, Japan.

Financial Highlights

Mar 2022 JPYUSD
Gross Profit44,044M391.94M
Operating income26,803M238.51M
Income before tax27,313M243.05M
Net income18,303M162.87M
Diluted EPS224.271.99
Dividends Per Share680.60
Total Assets125,677M1,035.44M
Total liabilities22,116M182.21M
Total equity103,559M853.21M
Operating cash flow18,451M164.19M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 56,083.21M 66,969.38M 92,307.97M 105,815M 116,264M
Gross Profit 19,388.82M 24,060.61M 33,071.42M 40,108M 44,044M
Operating income 10,603.85M 13,526.51M 19,170.53M 23,956M 26,803M
Income before tax 11,795.58M 14,728.89M 20,095.58M 25,356M 27,313M
Net income 7,844.57M 9,809.91M 13,369.46M 17,039M 18,303M
EBITDA 11,706.58M 14,688.98M 20,508.65M 25,633M 28,845M
Diluted EPS 96.12 120.20 163.82 208.78 224.27
Dividends Per Share 29 36.50 50 64 68
Total Assets 73,246.87M 83,183.39M 97,522.37M 113,243M 125,677M
Total liabilities 13,868.29M 16,256.33M 20,019.23M 22,648M 22,116M
Total equity 59,378.57M 66,927.05M 77,503.13M 90,593M 103,559M
Operating cash flow 9,857.38M 9,657.79M 6,689.94M 21,319M 18,451M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 506.01M 603.90M 848.99M 997.71M 1,034.62M
Gross Profit 174.93M 216.96M 304.17M 378.17M 391.94M
Operating income 95.67M 121.97M 176.32M 225.87M 238.51M
Income before tax 106.42M 132.81M 184.82M 239.07M 243.05M
Net income 70.77M 88.46M 122.96M 160.65M 162.87M
EBITDA 105.62M 132.45M 188.62M 241.68M 256.69M
Diluted EPS 0.86 1.08 1.50 1.96 1.99
Dividends Per Share 0.26 0.32 0.45 0.60 0.60
Total Assets 688.73M 751.53M 903.36M 1,024.82M 1,035.44M
Total liabilities 130.40M 146.87M 185.44M 204.95M 182.21M
Total equity 558.33M 604.66M 717.92M 819.84M 853.21M
Operating cash flow 88.93M 87.08M 61.53M 201.01M 164.19M

Valuation Measures

Mar 2022
Operating margin23.05%
Profit margin15.74%

Key executives

  • President & Representative Director: Hideyuki Kohama
  • Director & Manager-Finance: Yukitaka Iizuka
  • Senior MD & Head-Information System: Tetsuo Tsuchiya


  • OHTAKE MEGUMI (7.2%)
  • Cainz Kosan KK (3.6%)
  • Dai-ichi Life Holdings, Inc. (1.1%)
  • Gunma Bank, Ltd. (1.1%)
  • MS&AD Insurance Group Holdings, Inc. (0.7%)
  • First Sentier Investors (Hong Kong) Ltd. (0.4%)

Contact Details

  • Website:
  • Address: TIXTOWER UENO, 4-8-1 Higashiueno, Tokyo, 110-0015, Japan
  • Phone: +81.3.3847.7740

Related Companies

  • Workman Business Association


    Last Updated on 29 Nov, 2022

    Discover the all new Nikkei Asia app

    • Take your reading anywhere with offline reading functions
    • Never miss a story with breaking news alerts
    • Customize your reading experience

    Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

    Celebrate our next chapter
    Free access for everyone - Sep. 30

    Find out more