34 companies · FY2026 results (earnings releases, consolidated)
AS ONE ranks first for operating margin in the Specialized Trading Company industry at 11.6%. The top three are AS ONE (11.6%), Misumi (10.8%) and Sangetsu (9.4%).
Across the 34 companies the average is 4.4% and the median 3.5%. Toho Holdings comes last at 1.1%, a gap of 10.5 percentage points to the leader.
12 of 34 companies are above the average.

























Shares 1Y is a closing-price reference (vs. about a year earlier).
| Rank | Company | Operating margin | Average salary | Revenue | Operating profit |
|---|---|---|---|---|---|
| 1 | AS ONE7476 | 11.6% | ¥7.12M | ¥110.7B | ¥12.8B |
| 2 | Misumi9962 | 10.8% | ¥9.14M | ¥441.4B | ¥47.6B |
| 3 | Sangetsu8130 | 9.4% | ¥7.89M | ¥206.4B | ¥19.4B |
| 4 | Canon MJ8060 | 8.6% | ¥8.27M | ¥679.8B | ¥58.2B |
| 5 | Seika8061 | 7.4% | ¥10.1M | ¥108.5B | ¥8.0B |
| 6 | Inaba Denki9934 | 7.1% | ¥9.89M | ¥417.0B | ¥29.7B |
| 6 | TRUSCO9830 | 7.1% | ¥7.53M | ¥320.0B | ¥22.8B |
| 8 | Senshu Electric9824 | 6.6% | ¥7.07M | ¥135.6B | ¥9.0B |
| 9 | Wakita8125 | 5.7% | ¥6.29M | ¥93.2B | ¥5.3B |
| 10 | TED2760 | 5.0% | ¥10.8M | ¥203.7B | ¥10.3B |
| 11 | Nagase8012 | 4.6% | ¥11.9M | ¥972.8B | ¥44.7B |
| 12 | ALCONIX3036 | 4.4% | ¥9.53M | ¥219.7B | ¥9.7B |
| 13 | Iwatani8088 | 4.2% | ¥10.3M | ¥908.5B | ¥38.3B |
| 13 | Kaga Electronics8154 | 4.2% | ¥8.52M | ¥658.9B | ¥27.8B |
| 15 | Uchida Yoko8057 | 3.7% | ¥7.78M | ¥425.7B | ¥15.6B |
| 16 | IDOM7599 | 3.6% | ¥5.66M | ¥562.8B | ¥20.2B |
| 17 | Macnica3132 | 3.5% | - | ¥1.2T | ¥42.0B |
| 18 | Ship Healthcare3360 | 3.4% | - | ¥718.2B | ¥24.5B |
| 18 | Hakuto7433 | 3.4% | ¥9.68M | ¥181.2B | ¥6.1B |
| 20 | Daiwabo3107 | 3.3% | - | ¥1.4T | ¥44.2B |
| 20 | Matsuda Sangyo7456 | 3.3% | ¥6.81M | ¥687.8B | ¥22.4B |
| 22 | Inabata8098 | 3.1% | ¥10.1M | ¥832.7B | ¥26.2B |
| 22 | SIIX7613 | 3.1% | ¥7.36M | ¥289.5B | ¥8.9B |
| 24 | Itochu Enex8133 | 2.8% | ¥10.0M | ¥851.2B | ¥24.1B |
| 24 | Ryosan Ryoyo167A | 2.8% | ¥7.65M | ¥359.9B | ¥10.1B |
| 26 | Japan Pulp & Paper8032 | 2.7% | ¥8.90M | ¥554.5B | ¥15.1B |
| 27 | Hanwa8078 | 2.2% | ¥9.26M | ¥2.7T | ¥58.4B |
| 28 | UNISOL7128 | 2.1% | ¥7.06M | ¥159.0B | ¥3.4B |
| 29 | Yamazen8051 | 1.8% | ¥7.59M | ¥516.1B | ¥9.5B |
| 30 | Yamae7130 | 1.7% | ¥6.96M | ¥1.1T | ¥18.1B |
| 31 | Medipal7459 | 1.4% | ¥8.14M | ¥3.8T | ¥53.2B |
| 32 | Arata2733 | 1.3% | ¥6.19M | ¥1.0T | ¥13.2B |
| 33 | Alfresa2784 | 1.2% | ¥8.39M | ¥3.1T | ¥36.2B |
| 34 | Toho Holdings8129 | 1.1% | ¥6.79M | ¥1.6T | ¥16.6B |
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.