FCF margin, latest fiscal year
All 90 of the 100 with a computed FCF margin, sorted highest first.
Free cash flow is operating cash flow plus investing cash flow, as filed. FCF margin divides it by revenue: the cash left from each yen of sales after the year's investment. A large acquisition or asset sale can swing one year, so each company's page shows ten years.
10 banks and insurers are left out, because deposits, loans and policy reserves run through their operating cash flow.
| Company | FCF margin | Fiscal year end |
|---|---|---|
| 8697 Japan Exchange Group | 46.55% | Mar 2026 |
| 7741 HOYA | 28.58% | Mar 2026 |
| 6857 Advantest | 26.64% | Mar 2026 |
| 6723 Renesas Electronics | 24.84% | Dec 2025 |
| 4503 Astellas Pharma | 23.07% | Mar 2026 |
| 6954 Fanuc | 22.67% | Mar 2026 |
| 6920 Lasertec | 20.24% | Jun 2026 |
| 8035 Tokyo Electron | 18.14% | Mar 2026 |
| 7011 Mitsubishi Heavy Industries | 17.96% | Mar 2026 |
| 285A Kioxia Holdings | 16.9% | Mar 2026 |
| 6098 Recruit Holdings | 16.76% | Mar 2026 |
| 9766 Konami Group | 16.27% | Mar 2026 |
| 4502 Takeda Pharmaceutical | 14.92% | Mar 2026 |
| 4519 Chugai Pharmaceutical | 14.71% | Dec 2025 |
| 6971 Kyocera | 14.53% | Mar 2026 |
| 6702 Fujitsu | 13.78% | Mar 2026 |
| 6525 Kokusai Electric | 13.55% | Mar 2026 |
| 6701 NEC | 13.18% | Mar 2026 |
| 4062 Ibiden | 12.97% | Mar 2026 |
| 6981 Murata Manufacturing | 12.64% | Mar 2026 |
| 6501 Hitachi | 12.53% | Mar 2026 |
| 9433 KDDI | 11.67% | Mar 2026 |
| 6861 Keyence | 10.12% | Mar 2026 |
| 5108 Bridgestone | 9.83% | Dec 2025 |
| 4578 Otsuka Holdings | 9.8% | Dec 2025 |
| 2802 Ajinomoto | 9.79% | Mar 2026 |
| 6273 SMC | 9.66% | Mar 2026 |
| 7832 Bandai Namco Holdings | 9.16% | Mar 2026 |
| 9735 Secom | 9.15% | Mar 2026 |
| 9531 Tokyo Gas | 8.64% | Mar 2026 |
| 6988 Nitto Denko | 8.24% | Mar 2026 |
| 7203 Toyota Motor | 7.8% | Mar 2026 |
| 8591 ORIX | 7.65% | Mar 2026 |
| 2914 Japan Tobacco | 7.18% | Dec 2025 |
| 6902 Denso | 6.55% | Mar 2026 |
| 4063 Shin-Etsu Chemical | 6.52% | Mar 2026 |
| 3407 Asahi Kasei | 6.38% | Mar 2026 |
| 9022 Central Japan Railway | 6.32% | Mar 2026 |
| 7013 IHI | 6.26% | Mar 2026 |
| 4307 Nomura Research Institute | 6.21% | Mar 2026 |
| 6301 Komatsu | 6.04% | Mar 2026 |
| 8058 Mitsubishi Corp. | 5.51% | Mar 2026 |
| 6326 Kubota | 5.44% | Dec 2025 |
| 6762 TDK | 5.19% | Mar 2026 |
| 7751 Canon | 5.16% | Dec 2025 |
| 8002 Marubeni | 5.05% | Mar 2026 |
| 8001 ITOCHU | 5.01% | Mar 2026 |
| 9532 Osaka Gas | 4.87% | Mar 2026 |
| 2503 Kirin Holdings | 4.54% | Dec 2025 |
| 9101 Nippon Yusen | 4.21% | Mar 2026 |
| 6503 Mitsubishi Electric | 3.93% | Mar 2026 |
| 8802 Mitsubishi Estate | 3.86% | Mar 2026 |
| 8015 Toyota Tsusho | 3.75% | Mar 2026 |
| 7269 Suzuki Motor | 3.46% | Mar 2026 |
| 7974 Nintendo | 3.45% | Mar 2026 |
| 5016 JX Advanced Metals | 3.42% | Mar 2026 |
| 9432 NTT | 3.2% | Mar 2026 |
| 4004 Resonac Holdings | 3.2% | Dec 2025 |
| 5020 ENEOS Holdings | 3.13% | Mar 2026 |
| 6367 Daikin Industries | 2.86% | Mar 2026 |
| 1812 Kajima | 2.22% | Mar 2026 |
| 3382 Seven & I Holdings | 2.13% | Feb 2026 |
| 7272 Yamaha Motor | 2.07% | Dec 2025 |
| 9503 Kansai Electric Power | 1.98% | Mar 2026 |
| 9434 SoftBank | 1.75% | Mar 2026 |
| 4661 Oriental Land | 1.3% | Mar 2026 |
| 7267 Honda Motor | 1.3% | Mar 2026 |
| 1605 INPEX | 1.25% | Dec 2025 |
| 8267 AEON | 0.41% | Feb 2026 |
| 6752 Panasonic Holdings | 0.21% | Mar 2026 |
| 9983 Fast Retailing | 0.05% | Aug 2025 |
| 6758 Sony Group | −0.2% | Mar 2026 |
| 6146 Disco | −0.51% | Mar 2026 |
| 8031 Mitsui & Co. | −0.58% | Mar 2026 |
| 8801 Mitsui Fudosan | −1.25% | Mar 2026 |
| 2768 Sojitz | −2.53% | Mar 2026 |
| 8830 Sumitomo Realty & Development | −2.56% | Mar 2026 |
| 2502 Asahi Group Holdings | −3.3% | Dec 2025 |
| 4568 Daiichi Sankyo | −3.32% | Mar 2026 |
| 9020 East Japan Railway | −3.65% | Mar 2026 |
| 4901 Fujifilm Holdings | −4.29% | Mar 2026 |
| 5713 Sumitomo Metal Mining | −4.79% | Mar 2026 |
| 8601 Daiwa Securities Group | −9.85% | Mar 2026 |
| 4543 Terumo | −10.01% | Mar 2026 |
| 9697 Capcom | −12.53% | Mar 2026 |
| 9104 Mitsui O.S.K. Lines | −14.83% | Mar 2026 |
| 5401 Nippon Steel | −21.07% | Mar 2026 |
| 8604 Nomura Holdings | −49.21% | Mar 2026 |
| 4507 Shionogi | −58.55% | Mar 2026 |
| 9984 SoftBank Group | −63.29% | Mar 2026 |