Top 100 Japanese Listed Companies by Operating Margin (FY2026)

100 companies · FY2026 results (earnings releases, consolidated)

SoftBank ranks first for operating margin in all industries at 78.7%. The top three are SoftBank (78.7%), Zenkoku Hosho (70.5%) and Obic (65.7%).

Across the 100 companies the average is 32.4% and the median 28.9%. Future comes last at 21.3%, a gap of 57.4 percentage points to the leader.

37 of 100 companies are above the average.

All industries TOP3

1
SoftBankTelecom & Investment Industry78.7%
2
Zenkoku HoshoFinance Industry70.5%
3
ObicIT Services Industry65.7%

Companies: 100
Average: 32.4%
Median: 28.9%
Above average: 37of 100

Operating margin ranking

100 companies

RankCompanyAverage 32.4%Operating marginRevenueShares 1Y

1
SoftBank9984 · Telecom & Investment Industry78.7%78.7%¥7.8T−33.8%
2
Zenkoku Hosho7164 · Finance Industry70.5%70.5%¥58.7B−2.6%
3
Obic4684 · IT Services Industry65.7%65.7%¥135.2B+28.0%
4
JPX8697 · Securities Industry58.5%58.5%¥198.7B+22.4%
5
INPEX1605 · Energy & Resources Industry56.5%56.5%¥2.0T+43.1%
6
USS4732 · Other Services Industry52.6%52.6%¥113.9B+4.9%
7
Keyence6861 · Electronics Industry51.0%51.0%¥1.2T+36.0%
8
Chugai4519 · Pharmaceutical Industry47.6%47.6%¥1.3T−3.2%
9
OBC4733 · IT Services Industry45.9%45.9%¥51.4B+12.4%
10
Lasertec6920 · Semiconductor Equipment Industry45.7%45.7%¥230.5B+32.7%
11
Matsui Securities8628 · Securities Industry44.6%44.6%¥52.7B+32.2%
12
Advantest6857 · Semiconductor Equipment Industry44.2%44.2%¥1.1T+50.7%
12
Digital Arts2326 · Cybersecurity Industry44.2%44.2%¥10.8B−27.9%
14
JustSystems4686 · IT Services Industry43.7%43.7%¥51.5B−0.8%
15
Disco6146 · Semiconductor Equipment Industry42.3%42.3%¥436.9B−4.0%
16
Koei Tecmo3635 · Entertainment Industry42.0%42.0%¥88.4B−17.4%
17
JR Central9022 · Transportation Industry41.4%41.4%¥2.0T+4.9%
18
JCU4975 · Chemical Industry41.0%41.0%¥29.7B+20.9%
19
IwaiCosmo8707 · Securities Industry40.3%40.3%¥32.3B+34.4%
20
Capcom9697 · Entertainment Industry38.5%38.5%¥195.4B−1.9%
21
Strike Group6196 · Consulting Industry38.4%38.4%¥27.1B+11.4%
22
GMO-PG3769 · Fintech Industry38.0%38.0%¥82.5B+1.6%
23
Nihon M&A Center2127 · Other Services Industry37.3%37.3%¥50.3B−14.7%
23
Plus Alpha4071 · IT Services Industry37.3%37.3%¥17.1B−4.5%
25
Kioxia285A · Semiconductor Equipment Industry37.2%37.2%¥2.3T+273%
26
Tokyo Keiba9672 · Leisure & Tourism Industry36.9%36.9%¥41.8B−12.6%
27
K
Kyokuto8706 · Securities Industry36.5%36.5%¥8.3B−1.8%
28
ANYCOLOR5032 · Entertainment Industry36.2%36.2%¥55.7B−47.8%
29
Sanrio8136 · Entertainment Industry35.8%35.8%¥144.9B−12.4%
30
SANKYO6417 · Machinery Industry34.9%34.9%¥179.2B−18.6%
31
HOYA7741 · Electronics Industry34.6%34.6%¥947.7B+4.5%
31
M&A Capital6080 · Consulting Industry34.6%34.6%¥22.4B+42.0%
33
BayCurrent6532 · Consulting Industry34.3%34.3%¥148.3B+67.4%
34
Dexerials4980 · Chemical Industry33.5%33.5%¥113.8B+15.9%
34
MARUWA5344 · Glass & Ceramics Industry33.5%33.5%¥74.5B+17.3%
36
Shionogi4507 · Pharmaceutical Industry33.4%33.4%¥499.7B+16.7%
37
Toei Animation4816 · Entertainment Industry33.1%33.1%¥93.7B+4.6%
38
Yokohama FG7186 · Banking Industry31.6%31.6%¥490.7B+49.6%
39
Oracle Japan4716 · IT Services Industry31.5%31.5%¥285.1B−30.2%
40
Chiba Bank8331 · Banking Industry31.2%31.2%¥445.0B+66.3%
41
Asahi Intecc7747 · Medical Equipment Industry31.1%31.1%¥145.4B+49.9%
42
ZOZO3092 · Retail Industry30.4%30.4%¥228.4B−13.0%
43
FPG7148 · Finance Industry30.2%30.2%¥81.8B−34.6%
44
MANI7730 · Medical Equipment Industry30.1%30.1%¥33.0B+2.6%
45
Shizuoka FG5831 · Banking Industry29.7%29.7%¥438.5B+47.6%
45
Acom8572 · Finance Industry29.7%29.7%¥337.7B+0.8%
45
Heiwa Real Estate8803 · Construction & Real Estate Industry29.7%29.7%¥50.9B+0.3%
48
Goldcrest8871 · Construction & Real Estate Industry29.3%29.3%¥30.4B−25.3%
49
WingArc1st4432 · IT Services Industry29.0%29.0%¥30.9B+7.3%
50
Kakaku.com2371 · Internet Services Industry28.9%28.9%¥94.1B+35.5%
51
Resona8308 · Banking Industry28.8%28.8%¥1.4T+50.3%
51
Rakus3923 · IT Services Industry28.8%28.8%¥60.3B−10.8%
51
QRI Holdings9552 · Consulting Industry28.8%28.8%¥16.6B−19.5%
54
Sumitomo Realty8830 · Construction & Real Estate Industry28.3%28.3%¥1.1T−1.2%
55
Tsugami6101 · Machinery Industry28.0%28.0%¥129.1B+57.4%
56
SKY Perfect JSAT9412 · Telecom & Investment Industry27.6%27.6%¥127.6B+19.3%
57
Konami9766 · Entertainment Industry27.5%27.5%¥493.7B+2.5%
58
MEC4971 · Chemical Industry27.4%27.4%¥20.9B+28.4%
59
SBI8473 · Finance Industry27.2%27.2%¥1.9T−17.1%
59
Mars6419 · Machinery Industry27.2%27.2%¥32.3B+7.0%
61
Cybozu4776 · IT Services Industry27.0%27.0%¥37.4B−4.7%
62
KeePer6036 · Automotive Industry26.6%26.6%¥26.0B+0.7%
63
Nexon3659 · Entertainment Industry26.1%26.1%¥475.1B−12.4%
63
Mebuki7167 · Banking Industry26.1%26.1%¥443.3B+56.1%
65
JAFCO8595 · Securities Industry25.9%25.9%¥21.6B−10.4%
66
Hulic3003 · Construction & Real Estate Industry25.7%25.7%¥727.4B+13.5%
67
TEL8035 · Semiconductor Equipment Industry25.6%25.6%¥2.4T+39.2%
68
SIGMAXYZ6088 · Consulting Industry25.5%25.5%¥23.8B−29.3%
69
JAC Recruitment2124 · Human Resources Industry25.3%25.3%¥46.1B+7.9%
69
Japan Material6055 · Semiconductor Equipment Industry25.3%25.3%¥58.0B+5.1%
69
Daiseki Kankyo9336 · Other Services Industry25.3%25.3%¥87.9B+16.6%
72
JT2914 · Food & Beverage Industry25.0%25.0%¥3.5T+35.1%
73
F
Furuya Metal7826 · Non-ferrous Metals Industry24.8%24.8%¥100.1B+230%
74
Shin-Etsu4063 · Chemical Industry24.7%24.7%¥2.6T+28.2%
74
Visional4194 · Human Resources Industry24.7%24.7%¥99.3B−10.8%
74
Marusan Securities8613 · Securities Industry24.7%24.7%¥21.7B+25.2%
74
Tri Chemical4369 · Chemical Industry24.7%24.7%¥23.9B+1.6%
78
Simplex4373 · IT Services Industry24.6%24.6%¥58.7B+8.5%
79
FUSO Chemical4368 · Chemical Industry24.5%24.5%¥76.9B+69.3%
80
ASB6284 · Machinery Industry24.4%24.4%¥43.7B+15.8%
81
Rorze6323 · Semiconductor Equipment Industry24.2%24.2%¥128.8B+71.2%
82
TOCALO3433 · Metal Products Industry24.1%24.1%¥58.5B+16.9%
83
OLC4661 · Leisure & Tourism Industry23.9%23.9%¥704.5B+10.2%
84
Sumitomo Pharma4506 · Pharmaceutical Industry23.7%23.7%¥453.3B+11.9%
85
Kotobuki Spirits2222 · Food & Beverage Industry23.6%23.6%¥78.8B+35.5%
85
Taiyo Holdings4626 · Chemical Industry23.6%23.6%¥137.9B+13.9%
85
Tosei8923 · Construction & Real Estate Industry23.6%23.6%¥94.7B+12.3%
85
MJC6871 · Semiconductor Equipment Industry23.6%23.6%¥70.2B+23.7%
89
Sho-Bond1414 · Construction & Real Estate Industry23.4%23.4%¥89.2B+2.1%
90
MUFG8306 · Banking Industry23.3%23.3%¥14.6T+47.9%
91
Nicera6929 · Electronics Industry22.8%22.8%¥27.3B−1.2%
92
Nissan Chemical4021 · Chemical Industry22.7%22.7%¥279.6B+49.6%
93
SMC6273 · Machinery Industry22.6%22.6%¥842.5B+21.1%
94
Riken Keiki7734 · Precision Instruments Industry22.5%22.5%¥55.2B−1.1%
95
SCREEN7735 · Semiconductor Equipment Industry21.7%21.7%¥625.3B+54.9%
95
Union Tool6278 · Machinery Industry21.7%21.7%¥40.2B+49.6%
97
FANUC6954 · Electronics Industry21.4%21.4%¥857.8B+16.2%
97
Weathernews4825 · Internet Services Industry21.4%21.4%¥24.5B−6.1%
99
SMFG8316 · Banking Industry21.3%21.3%¥10.8T+55.2%
99
Future4722 · IT Services Industry21.3%21.3%¥76.0B+11.6%

Shares 1Y is a closing-price reference (vs. about a year earlier).

Financials and pay compared

The same companies on other measures

Rank	Company	Operating margin	Average salary	Revenue	Operating profit
1	SoftBank9984	78.7%	¥13.6M	¥7.8T	¥6.1T
2	Zenkoku Hosho7164	70.5%	¥8.09M	¥58.7B	¥41.4B
3	Obic4684	65.7%	¥11.0M	¥135.2B	¥88.8B
4	JPX8697	58.5%	¥11.1M	¥198.7B	¥116.3B
5	INPEX1605	56.5%	¥11.7M	¥2.0T	¥1.1T
6	USS4732	52.6%	¥7.33M	¥113.9B	¥59.8B
7	Keyence6861	51.0%	¥20.4M	¥1.2T	¥595.8B
8	Chugai4519	47.6%	¥12.1M	¥1.3T	¥598.8B
9	OBC4733	45.9%	¥8.31M	¥51.4B	¥23.6B
10	Lasertec6920	45.7%	¥16.8M	¥230.5B	¥105.3B
11	Matsui Securities8628	44.6%	¥11.5M	¥52.7B	¥23.5B
12	Advantest6857	44.2%	¥11.0M	¥1.1T	¥499.1B
12	Digital Arts2326	44.2%	¥6.99M	¥10.8B	¥4.8B
14	JustSystems4686	43.7%	¥14.3M	¥51.5B	¥22.5B
15	Disco6146	42.3%	¥16.7M	¥436.9B	¥185.0B
16	Koei Tecmo3635	42.0%	¥7.94M	¥88.4B	¥37.2B
17	JR Central9022	41.4%	¥8.10M	¥2.0T	¥830.2B
18	JCU4975	41.0%	¥8.21M	¥29.7B	¥12.2B
19	IwaiCosmo8707	40.3%	-	¥32.3B	¥13.0B
20	Capcom9697	38.5%	¥9.85M	¥195.4B	¥75.3B
21	Strike Group6196	38.4%	¥15.2M	¥27.1B	¥10.4B
22	GMO-PG3769	38.0%	¥11.0M	¥82.5B	¥31.3B
23	Nihon M&A Center2127	37.3%	-	¥50.3B	¥18.8B
23	Plus Alpha4071	37.3%	¥6.99M	¥17.1B	¥6.4B
25	Kioxia285A	37.2%	¥11.5M	¥2.3T	¥870.4B
26	Tokyo Keiba9672	36.9%	¥7.30M	¥41.8B	¥15.4B
27	Kyokuto8706	36.5%	¥8.38M	¥8.3B	¥3.0B
28	ANYCOLOR5032	36.2%	¥5.40M	¥55.7B	¥20.2B
29	Sanrio8136	35.8%	¥9.43M	¥144.9B	¥51.8B
30	SANKYO6417	34.9%	¥10.1M	¥179.2B	¥62.5B
31	HOYA7741	34.6%	¥9.24M	¥947.7B	¥327.7B
31	M&A Capital6080	34.6%	¥22.7M	¥22.4B	¥7.8B
33	BayCurrent6532	34.3%	¥13.5M	¥148.3B	¥50.9B
34	Dexerials4980	33.5%	¥7.59M	¥113.8B	¥38.1B
34	MARUWA5344	33.5%	¥8.88M	¥74.5B	¥25.0B
36	Shionogi4507	33.4%	¥10.0M	¥499.7B	¥166.7B
37	Toei Animation4816	33.1%	¥8.27M	¥93.7B	¥31.0B
38	Yokohama FG7186	31.6%	-	¥490.7B	¥155.0B
39	Oracle Japan4716	31.5%	¥13.0M	¥285.1B	¥89.8B
40	Chiba Bank8331	31.2%	¥8.37M	¥445.0B	¥138.8B
41	Asahi Intecc7747	31.1%	¥6.95M	¥145.4B	¥45.2B
42	ZOZO3092	30.4%	¥8.56M	¥228.4B	¥69.4B
43	FPG7148	30.2%	¥10.2M	¥81.8B	¥24.7B
44	MANI7730	30.1%	¥7.86M	¥33.0B	¥9.9B
45	Shizuoka FG5831	29.7%	-	¥438.5B	¥130.3B
45	Acom8572	29.7%	¥6.90M	¥337.7B	¥100.4B
45	Heiwa Real Estate8803	29.7%	¥12.3M	¥50.9B	¥15.1B
48	Goldcrest8871	29.3%	¥7.64M	¥30.4B	¥8.9B
49	WingArc1st4432	29.0%	¥7.61M	¥30.9B	¥9.0B
50	Kakaku.com2371	28.9%	¥7.55M	¥94.1B	¥27.2B
51	Resona8308	28.8%	¥9.07M	¥1.4T	¥390.9B
51	Rakus3923	28.8%	¥6.49M	¥60.3B	¥17.3B
51	QRI Holdings9552	28.8%	-	¥16.6B	¥4.8B
54	Sumitomo Realty8830	28.3%	¥7.49M	¥1.1T	¥299.2B
55	Tsugami6101	28.0%	¥6.93M	¥129.1B	¥36.1B
56	SKY Perfect JSAT9412	27.6%	-	¥127.6B	¥35.3B
57	Konami9766	27.5%	¥7.90M	¥493.7B	¥135.9B
58	MEC4971	27.4%	¥7.83M	¥20.9B	¥5.7B
59	SBI8473	27.2%	¥9.77M	¥1.9T	¥516.7B
59	Mars6419	27.2%	-	¥32.3B	¥8.8B
61	Cybozu4776	27.0%	¥7.19M	¥37.4B	¥10.1B
62	KeePer6036	26.6%	¥5.13M	¥26.0B	¥6.9B
63	Nexon3659	26.1%	¥7.26M	¥475.1B	¥124.0B
63	Mebuki7167	26.1%	-	¥443.3B	¥115.7B
65	JAFCO8595	25.9%	¥13.7M	¥21.6B	¥5.6B
66	Hulic3003	25.7%	¥20.4M	¥727.4B	¥186.8B
67	TEL8035	25.6%	¥13.5M	¥2.4T	¥624.9B
68	SIGMAXYZ6088	25.5%	¥10.3M	¥23.8B	¥6.1B
69	JAC Recruitment2124	25.3%	¥7.89M	¥46.1B	¥11.7B
69	Japan Material6055	25.3%	¥6.37M	¥58.0B	¥14.6B
69	Daiseki Kankyo9336	25.3%	¥6.01M	¥87.9B	¥22.2B
72	JT2914	25.0%	¥9.52M	¥3.5T	¥867.0B
73	Furuya Metal7826	24.8%	¥7.48M	¥100.1B	¥24.8B
74	Shin-Etsu4063	24.7%	¥8.76M	¥2.6T	¥635.2B
74	Visional4194	24.7%	¥8.61M	¥99.3B	¥24.6B
74	Marusan Securities8613	24.7%	¥7.73M	¥21.7B	¥5.4B
74	Tri Chemical4369	24.7%	¥8.38M	¥23.9B	¥5.9B
78	Simplex4373	24.6%	¥9.38M	¥58.7B	¥14.4B
79	FUSO Chemical4368	24.5%	¥7.58M	¥76.9B	¥18.9B
80	ASB6284	24.4%	¥8.02M	¥43.7B	¥10.6B
81	Rorze6323	24.2%	¥10.2M	¥128.8B	¥31.2B
82	TOCALO3433	24.1%	¥7.98M	¥58.5B	¥14.1B
83	OLC4661	23.9%	¥6.01M	¥704.5B	¥168.4B
84	Sumitomo Pharma4506	23.7%	¥9.06M	¥453.3B	¥107.3B
85	Kotobuki Spirits2222	23.6%	-	¥78.8B	¥18.6B
85	Taiyo Holdings4626	23.6%	¥9.85M	¥137.9B	¥32.5B
85	Tosei8923	23.6%	¥9.04M	¥94.7B	¥22.3B
85	MJC6871	23.6%	¥7.87M	¥70.2B	¥16.5B
89	Sho-Bond1414	23.4%	-	¥89.2B	¥20.8B
90	MUFG8306	23.3%	¥11.7M	¥14.6T	¥3.4T
91	Nicera6929	22.8%	¥4.21M	¥27.3B	¥6.2B
92	Nissan Chemical4021	22.7%	¥8.71M	¥279.6B	¥63.6B
93	SMC6273	22.6%	¥8.53M	¥842.5B	¥190.6B
94	Riken Keiki7734	22.5%	¥7.48M	¥55.2B	¥12.4B
95	SCREEN7735	21.7%	¥10.8M	¥625.3B	¥135.7B
95	Union Tool6278	21.7%	¥7.14M	¥40.2B	¥8.7B
97	FANUC6954	21.4%	¥11.6M	¥857.8B	¥183.8B
97	Weathernews4825	21.4%	¥6.54M	¥24.5B	¥5.2B
99	SMFG8316	21.3%	¥11.3M	¥10.8T	¥2.3T
99	Future4722	21.3%	¥7.98M	¥76.0B	¥16.2B

Revenue and operating profit are from the latest full-year consolidated results. Average salary is for the reporting entity per its annual securities report; pure holding companies with fewer than 50 staff are excluded.