3353
Medical Ikkou Group Co.,Ltd.
株式会社メディカル一光グループ
Retail Trade
Medical Ikkou Group Co.,Ltd. operates dispensing pharmacies in Japan. It also offers in residential nursing homes, such as paid nursing homes and group homes. In addition, the company provides sales activities specializing in the sale of generic drugs to medical institutions; and dispensing pharmacy business; pharmaceutical wholesale, real estate, and investment business. Medical Ikkou Group Co.,Ltd. was founded in 1980 and is headquartered in Tsu, Japan.
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⚠ TSE Capital Mandate
P / Book
0.66×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
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FY 2022
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FY 2021
EDINET ↗
Net Sales
¥55.0B
¥48.4B
¥39.9B
¥33.9B
¥33.6B
Cost of Sales
¥48.5B
¥42.6B
¥35.3B
¥30.7B
¥30.0B
Gross Profit
¥6.5B
¥5.7B
¥4.6B
¥3.2B
¥3.6B
SG&A
¥4.7B
¥4.1B
¥3.0B
¥2.2B
¥2.3B
Operating Income
¥1.8B
¥1.7B
¥1.6B
¥935M
¥1.3B
Non-Operating Income
¥315M
¥235M
¥261M
¥352M
¥144M
Dividend Income
¥85M
¥65M
¥46M
¥38M
¥29M
Interest Income
¥16M
¥8M
¥2M
¥1M
¥1M
Non-Operating Expenses
¥244M
¥111M
¥69M
¥59M
¥62M
Interest Expense
¥103M
¥64M
¥54M
¥51M
¥58M
Ordinary Income
¥1.9B
¥1.8B
¥1.8B
¥1.2B
¥1.4B
Pre-tax Income
¥2.0B
¥1.9B
¥1.7B
¥1.3B
¥1.5B
Income Taxes
¥710M
¥754M
¥581M
¥540M
¥607M
Current Tax
¥765M
¥794M
¥704M
¥482M
¥611M
Deferred Tax
¥-55M
¥-40M
¥-123M
¥58M
¥-4M
Net Income (owners)
¥1.3B
¥1.1B
¥1.0B
¥760M
¥852M
Minority Interest
¥39M
¥14M
¥42M
¥14M
¥17M
Comprehensive Income
¥2.0B
¥1.1B
¥1.4B
¥828M
¥838M
EBITDA
¥2.6B
¥2.5B
¥2.3B
¥1.8B
¥2.1B
Goodwill Amort. (J-GAAP)
¥122M
¥139M
¥171M
¥209M
¥242M
EPS
¥338.73
¥301.35
¥276.70
¥202.20
¥226.92
Shares Outstanding
3.8M
3.8M
3.8M
3.8M
3.8M
Shares Issued (total)
3.8M
4.1M
4.1M
4.1M
4.1M
Treasury Shares
0.0M
0.3M
0.3M
0.3M
0.3M
Metric
FY 2025
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FY 2024
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FY 2023
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FY 2022
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FY 2021
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Total Assets
¥37.6B
¥34.2B
¥31.7B
¥27.5B
¥29.1B
Current Assets
¥19.1B
¥18.0B
¥16.7B
¥13.2B
¥14.6B
Cash & Deposits
¥6.1B
¥6.8B
¥7.7B
¥6.4B
¥8.0B
Trade Receivables
¥8.4B
¥7.5B
¥6.0B
¥5.0B
¥4.9B
Inventories
¥2.4B
¥2.2B
¥1.8B
¥1.2B
¥1.2B
Non-Current Assets
¥18.4B
¥16.3B
¥14.9B
¥14.3B
¥14.5B
PP&E
¥10.9B
¥10.0B
¥9.1B
¥9.6B
¥9.9B
Goodwill
¥775M
¥816M
¥693M
¥1.3B
¥1.5B
Intangible Assets
¥937M
¥990M
¥860M
¥1.5B
¥1.7B
Investment Securities
¥3.4B
¥2.4B
¥2.1B
¥1.3B
¥1.1B
Deferred Tax Assets
¥489M
¥521M
¥465M
¥363M
¥420M
Total Liabilities
¥21.2B
¥19.5B
¥17.8B
¥14.9B
¥17.2B
Current Liabilities
¥11.6B
¥11.7B
¥10.4B
¥7.5B
¥8.4B
ST Debt
¥2.8B
¥3.8B
¥3.7B
¥2.9B
¥3.7B
Taxes Payable
¥374M
¥535M
¥381M
¥189M
¥280M
Non-Current Liabilities
¥9.6B
¥7.9B
¥7.4B
¥7.4B
¥8.8B
Total LT Borrowings
¥7.4B
¥6.1B
¥5.7B
¥6.1B
¥7.4B
Pension Obligations
¥1.1B
¥1.1B
¥1.0B
¥802M
¥761M
Total Equity
¥16.3B
¥14.7B
¥13.8B
¥12.6B
¥11.9B
Capital Stock
¥917M
¥917M
¥917M
¥917M
¥917M
Capital Surplus
¥1.1B
¥1.1B
¥1.1B
¥1.1B
¥1.1B
Retained Earnings
¥12.8B
¥12.4B
¥11.4B
¥10.6B
¥9.9B
Treasury Stock
¥-7M
¥-532M
¥-538M
¥-540M
¥-542M
AOCI
¥913M
¥236M
¥333M
¥33M
¥-21M
Equity (owners)
¥14.8B
¥13.9B
¥12.9B
¥12.0B
¥11.4B
Minority Interests
¥654M
¥614M
¥600M
¥559M
¥545M
Total Interest-Bearing Debt ⓘ
¥10.2B
¥9.8B
¥9.4B
¥8.9B
¥11.1B
Net Cash ⓘ
¥-4.1B
¥-3.1B
¥-1.7B
¥-2.5B
¥-3.1B
NCAV ⓘ
¥-2.1B
¥-1.6B
¥-1.1B
¥-1.7B
¥-2.6B
NCAV/Share
¥-555
¥-413
¥-292
¥-441
¥-689
BV/Share
¥3,922
¥3,685
¥3,435
¥3,198
¥3,036
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥1.2B
¥1.2B
¥4.3B
¥1.3B
¥1.1B
Interest Paid
¥-102M
¥-65M
¥-55M
¥-50M
¥-59M
Interest Received
¥90M
¥69M
¥46M
¥38M
¥30M
D&A
¥722M
¥625M
¥613M
¥632M
¥628M
Goodwill Amort.
¥122M
¥139M
¥171M
¥209M
¥242M
Investing CF
¥-1.8B
¥-1.1B
¥-3.2B
¥-478M
¥-216M
CapEx
¥527M
¥997M
¥303M
¥312M
¥323M
Purchase Investments
¥-386M
¥-848M
¥-772M
¥-408M
¥-699M
Proceeds from Invest.
¥612M
¥571M
¥578M
¥307M
¥750M
Financing CF
¥-284M
¥-1.0B
¥278M
¥-2.4B
¥65M
Dividends Paid
¥-376M
¥-188M
¥-150M
¥-150M
¥-150M
Share Buybacks
¥-0M
—
—
—
—
LT Debt Repaid
¥-2.9B
¥-2.8B
¥-2.8B
¥-3.6B
¥-3.6B
Free Cash Flow
¥681M
¥201M
¥4.0B
¥995M
¥812M
Net Change in Cash
¥-890M
¥-964M
¥1.3B
¥-1.5B
¥984M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
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ROE
8.6%
8.3%
8.2%
6.5%
7.8%
ROA
3.6%
3.4%
3.5%
2.7%
2.9%
EPS
¥338.73
¥301.35
¥276.70
¥202.20
¥226.92
DPS
¥120.00
¥65.00
¥45.00
¥40.00
¥40.00
BPS
¥4,164.98
¥3,747.70
¥3,523.25
¥3,207.14
¥3,030.61
FCF/Share
¥181
¥54
¥1,058
¥265
¥216
NCAV/Share
¥-555
¥-413
¥-292
¥-441
¥-689
Payout Ratio
35.4%
21.6%
16.3%
19.8%
17.6%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 7
Date Activist Stake Event Flag Demands Source
2026-05-22
Hikari Tsushin K.K.
7.32%
increase
Passive
—
2025-01-24
MINAMINO TOSHIHISA
17.46%
correction
Passive
—
2025-01-24
Minamino Co.,Ltd.
17.46%
correction
Passive
—
2025-01-24
Sausu Co.,Ltd.
17.46%
correction
Passive
—
2025-01-20
MINAMINO TOSHIHISA
17.46%
change
Passive
—
2025-01-20
Minamino Co.,Ltd.
17.46%
change
Passive
—
2025-01-20
Sausu Co.,Ltd.
17.46%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 1
#
Shareholder
Shares (thou.)
% of Total
1
AEON Co.,Ltd.
イオン株式会社
1,020,000
27.08%
2
南野利久
710,800
18.87%
3
House Foods Group Headquarters Co., Ltd.
ハウス食品グループ本社株式会社
360,000
9.55%
4
Employee Stock Ownership Plan
メディカル一光グループ従業員持株会
153,972
4.08%
5
アルフレッサ株式会社
120,000
3.18%
6
The San-in Godo Bank,Ltd.
株式会社山陰合同銀行
100,000
2.65%
7
菊川 東
80,000
2.12%
8
TOHO HOLDINGS CO.,LTD.
東邦ホールディングス株式会社
73,000
1.93%
9
日本メディカルコンサルタント株式会社
52,000
1.38%
10
沢井製薬株式会社
50,000
1.32%
Domestic Nominees
0.0%
+0.0% vs 2025
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2025
Sub-custodians for foreign asset managers
Direct / Strategic
72.2%
-6.3% vs 2025
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
2026
AEON Co.,Ltd.
イオン
27.14%
27.14%
27.11%
27.08%
-0.03%
南野利久
6.45%
6.45%
18.89%
18.87%
-0.02%
House Foods Group Headquarters Co., Ltd.
ハウス食品グループ本社
9.58%
9.57%
9.57%
9.55%
-0.02%
Employee Stock Ownership Plan
メディカル一光グループ従業員持株会
3.95%
3.85%
4.19%
4.08%
-0.11%
アルフレッサ
3.19%
3.19%
3.19%
3.18%
-0.01%
The San-in Godo Bank,Ltd.
式会社山陰合同銀行
2.66%
2.66%
2.65%
2.65%
菊川 東
—
—
2.12%
2.12%
TOHO HOLDINGS CO.,LTD.
東邦ホールディングス
5.40%
5.40%
5.39%
1.93%
-3.46%
日本メディカルコンサルタント
—
—
1.59%
1.38%
-0.21%
沢井製薬
3.72%
3.72%
3.72%
1.32%
-2.40%
式会社サウス
last seen 2024
Exited Top 10
6.23%
6.23%
—
—
式会社南野
last seen 2024
Exited Top 10
6.23%
6.23%
—
—
Concentration (HHI)
ⓘ
1023
1022
1268
1226
4 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥224M
+142% since 2023
Holdings
1
1 exited
Trend
1 building
vs 2023
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding