Industries›35 companies · latest full-year results
An industry specializing in the wholesale, import/export, and logistics of specific products or sectors, leveraging deep expertise and unique supply networks.
The 35 specialized trading company companies we cover had combined revenue of ¥27.4T (+6.2% year over year) and operating profit of ¥811.6B, an industry-wide operating margin of 3.0%.
Medipal leads on revenue (¥3.8T, a 13.9% share), and the top three hold 35% of industry sales. 17 grew both revenue and operating profit; 5 saw both fall.
AS ONE has the highest operating margin (11.6%); average pay across the industry is ¥8.34M, highest at Nagase (¥11.9M).
Industry total
Specialized Trading Company · 35 companies
YoY compares companies with prior-year figures
StockShares are +24.7% over a year, ahead of the all-industry average (+14.9%) — #11 of 53 industries.Details
GuidanceCompany plans for FY2027 (34 companies combined): revenue +5.2%, operating profit +11.0%. Planned profit growth is below the all-industry plan (+13.0%).Details
Revisions14 raised and 2 cut this year's forecast. The biggest revision: Misumi (operating profit +41.8%).Details
Latest resultsYear to date through Q1, 18 companies combined: revenue +12.3%, operating profit +35.3% year over year. 7 are ahead of an even pace toward their full-year plan, 7 behind.Details
Disclosures11 TSE filings in the last 90 days (guidance revisions 4, buybacks 3, M&A and restructuring 2).Details
Earnings dates24 companies report within 30 days, starting with Macnica on Nov 2 and Medipal on Nov 5.Details
| Company | Op. profit (last FY) | This year's plan | Plan change | Revision | Progress (Q1 cumulative) |
|---|---|---|---|---|---|
| ¥53.2B | ¥53.5B | +0.6% | Down −2.7% | 25% |
| ¥36.2B | ¥33.9B | −6.3% | Unchanged | 17% |
| ¥58.4B | ¥62.5B | +6.9% | - | - |
| ¥16.6B | ¥14.8B | −10.8% | Unchanged | 17% |
| ¥44.2B | ¥36.5B | −17.4% | Unchanged | 21% |
| ¥42.0B | ¥52.0B | +24.0% | Unchanged | 32% |
| ¥18.1B | ¥22.0B | +21.7% | Unchanged | 18% |
| ¥13.2B | ¥11.0B | −16.7% | Unchanged | 28% |
 | ¥44.7B | ¥45.0B | +0.6% | - | - |
 | ¥38.3B | ¥48.8B | +27.4% | Unchanged | 27% |
 | ¥24.1B | ¥24.5B | +1.5% | Unchanged | 80% |
 | ¥26.2B | ¥27.5B | +5.1% | Unchanged | 36% |
 | ¥24.5B | ¥26.0B | +6.2% | Unchanged | 11% |
 | ¥22.4B | ¥28.5B | +27.0% | Up +18.8% | 36% |
 | ¥58.2B | ¥63.0B | +8.3% | Up +5.0% | 74% |
Plans are each company's forecast for the current year from its earnings release. Plan change compares with last year's results; revisions compare the latest forecast with the first one given for the year. Progress is cumulative operating profit ÷ the full-year plan, against an even pace of 25% after Q1, 50% after Q2 and 75% after Q3 (a rough guide for seasonal businesses).
| Change | 1M | 3M | 1Y |
|---|---|---|---|
| Specialized Trading Company | −0.8% | +6.4% | +24.7% |
| All industries | −2.7% | −0.9% | +14.9% |
| vs. market | +1.9pt | +7.4pt | +9.7pt |
Rank among industries:3M #9/531Y #11/53
Industry returns are an equal-weighted (geometric) average of member companies. Prices are split-adjusted closes for reference, not real-time.
Totals for the 13 covered companies with full-year results for every year from FY2022 to FY2026. The set is fixed, so adding or removing coverage doesn't move the figures.
Average salary is the reporting entity's figure (often a holding company) from its annual securities report. Holding companies with fewer than 50 staff are excluded.
| Company | Revenue | YoY | Operating profit | Margin | Share | Average salary | Average age | Employees |
|---|---|---|---|---|---|---|---|---|
| 1 | ¥3.8T | +4.0% | ¥53.2B | 1.4% | 13.9% | ¥8.14M | 48.6 | 185 |
| 2 | ¥3.1T | +4.8% | ¥36.2B | 1.2% | 11.3% | ¥8.39M | 46.6 | 67 |
| 3 | ¥2.7T | +4.2% | ¥58.4B | 2.2% | 9.7% | ¥9.26M | 37.4 | 1,745 |
| 4 | ¥1.6T | +2.3% | ¥16.6B | 1.1% | 5.7% | ¥6.79M | 48.3 | 199 |
| 5 | ¥1.4T | +18.8% | ¥44.2B | 3.3% | 4.9% | - | 46.9 | 37 |
| 6 | ¥1.2T | +17.4% | ¥42.0B | 3.5% | 4.4% | - | 51.5 | 38 |
| 7 | ¥1.1T | +7.8% | ¥18.1B | 1.7% | 4.0% | ¥6.96M | 39.3 | 123 |
| 8 | ¥1.0T | +1.9% | ¥13.2B | 1.3% | 3.7% | ¥6.19M | 42.7 | 1,954 |
| 9 | ¥972.8B | +2.9% | ¥44.7B | 4.6% | 3.5% | ¥11.9M | 41.2 | 942 |
| 10 | ¥908.5B | +2.9% | ¥38.3B | 4.2% | 3.3% | ¥10.3M | 39.9 | 1,368 |
| 11 | ¥851.2B | −7.9% | ¥24.1B | 2.8% | 3.1% | ¥10.0M | 41.3 | 421 |
| 12 | ¥832.7B | −0.6% | ¥26.2B | 3.1% | 3.0% | ¥10.1M | 40.1 | 678 |
| 13 | ¥718.2B | +5.9% | ¥24.5B | 3.4% | 2.6% | - | 42.9 | 22 |
| 14 | ¥687.8B | +46.7% | ¥22.4B | 3.3% | 2.5% | ¥6.81M | 39.7 | 1,238 |
| 15 | ¥679.8B | +4.0% | ¥58.2B | 8.6% | 2.5% | ¥8.27M | 48.7 | 4,510 |
| 16 | ¥658.9B | +20.3% | ¥27.8B | 4.2% | 2.4% | ¥8.52M | 42.6 | 560 |
17 | ¥562.8B | +13.3% | ¥20.2B | 3.6% | 2.1% | ¥5.66M | 34.0 | 3,812 |
18 | ¥554.5B | +3.8% | ¥15.1B | 2.7% | 2.0% | ¥8.90M | 44.4 | 728 |
19 | ¥516.1B | +1.8% | ¥9.5B | 1.8% | 1.9% | ¥7.59M | 39.7 | 1,842 |
20 | ¥441.4B | +9.8% | ¥47.6B | 10.8% | 1.6% | ¥9.14M | 41.4 | 327 |
| 21 | ¥425.7B | +26.3% | ¥15.6B | 3.7% | 1.6% | ¥7.78M | 40.6 | 1,113 |
| 22 | ¥417.0B | +8.6% | ¥29.7B | 7.1% | 1.5% | ¥9.89M | 37.6 | 1,790 |
23 | ¥359.9B | +0.0% | ¥10.1B | 2.8% | 1.3% | ¥7.65M | 47.0 | 59 |
24 | ¥320.0B | +8.5% | ¥22.8B | 7.1% | 1.2% | ¥7.53M | 39.3 | 1,756 |
25 | ¥289.5B | −4.2% | ¥8.9B | 3.1% | 1.1% | ¥7.36M | 37.6 | 241 |
| 26 | ¥219.7B | +11.5% | ¥9.7B | 4.4% | 0.8% | ¥9.53M | 44.4 | 225 |
27 | ¥206.4B | +3.0% | ¥19.4B | 9.4% | 0.8% | ¥7.89M | 37.9 | 1,298 |
| 28 | ¥203.7B | −5.8% | ¥10.3B | 5.0% | 0.7% | ¥10.8M | 46.2 | 1,182 |
| 29 | ¥181.2B | −1.1% | ¥6.1B | 3.4% | 0.7% | ¥9.68M | 43.9 | 727 |
30 | ¥159.0B | −1.7% | ¥3.4B | 2.1% | 0.6% | ¥7.06M | 40.6 | 51 |
31 | ¥135.6B | −0.4% | ¥9.0B | 6.6% | 0.5% | ¥7.07M | 39.3 | 579 |
32 | ¥110.7B | +6.7% | ¥12.8B | 11.6% | 0.4% | ¥7.12M | 38.1 | 576 |
| 33 | ¥108.5B | +15.7% | ¥8.0B | 7.4% | 0.4% | ¥10.1M | 41.2 | 359 |
34 | ¥93.2B | +1.0% | ¥5.3B | 5.7% | 0.3% | ¥6.29M | 38.7 | 633 |
35 | - | - | - | - | - | ¥8.39M | 38.3 | 1,286 |
| Industry total / average | ¥27.4T | +6.2% | ¥811.6B | 3.0% | 100% | ¥8.34M | 41.9 | 32,671 |
Revenue and operating profit are from each company's latest full-year results. Green margins are at or above the industry margin. Financial institutions may not report operating profit.
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