Akikawa Foods & FarmsAKIKAWA FOODS & FARMS CO., LTD.1380東証スタンダード水産・農林業FY ending Mar 2026, consolidated, J-GAAP

Akikawa Foods & Farms revenue and profit

Out of every ¥100 of sales, about ¥2 is left as operating profit. Revenue changed +4.1% from the prior year, and it swung back to an operating profit.

Five-year trend

Revenue¥8.28B
FY ending Mar 2022: ¥6.64B¥6.64BFY ending Mar 2023: ¥7.07B¥7.07BFY ending Mar 2024: ¥7.39B¥7.39BFY ending Mar 2025: ¥7.96B¥7.96BFY ending Mar 2026: ¥8.28B¥8.28BFY22FY23FY24FY25FY26
Operating income¥143M
FY ending Mar 2022: ¥115.7M¥115.7MFY ending Mar 2023: ¥19.8M¥19.8MFY ending Mar 2024: ¥11.8M¥11.8MFY ending Mar 2025: -¥3.2M-¥3.2MFY ending Mar 2026: ¥143M¥143MFY22FY23FY24FY25FY26
Operating margin1.7%
FY ending Mar 2022: 1.7%1.7%FY ending Mar 2023: 0.3%0.3%FY ending Mar 2024: 0.2%0.2%FY ending Mar 2025: -0.0%-0.0%FY ending Mar 2026: 1.7%1.7%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin0.3%
Asset turnover1.17×
ROA0.3%
ROA0.3%
Financial leverage3.34×
ROE1.0%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin0.3%
2022: 2.4%2.4%2023: 2.2%2.2%2024: 1.3%1.3%2025: 0.4%0.4%2026: 0.3%0.3%2223242526
Asset turnover1.17×
2022: 1.19×1.19×2023: 1.21×1.21×2024: 1.13×1.13×2025: 1.12×1.12×2026: 1.17×1.17×2223242526
ROA0.3%
2022: 2.9%2.9%2023: 2.7%2.7%2024: 1.5%1.5%2025: 0.4%0.4%2026: 0.3%0.3%2223242526
Financial leverage3.34×
2022: 2.85×2.85×2023: 2.88×2.88×2024: 3.11×3.11×2025: 3.33×3.33×2026: 3.34×3.34×2223242526
ROE1.0%
2022: 8.1%8.1%2023: 7.7%7.7%2024: 4.7%4.7%2025: 1.3%1.3%2026: 1.0%1.0%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20222.4%1.19×2.9%2.85×8.1%
20232.2%1.21×2.7%2.88×7.7%
20241.3%1.13×1.5%3.11×4.7%
20250.4%1.12×0.4%3.33×1.3%
20260.3%1.17×0.3%3.34×1.0%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue43.8%
2021: 42.8%42.8%2022: 42.9%42.9%2023: 44.2%44.2%2024: 52.3%52.3%2025: 48.7%48.7%2026: 43.8%43.8%212223242526
PPE ÷ total assets52.0%
2021: 51.1%51.1%2022: 50.9%50.9%2023: 51.4%51.4%2024: 54.9%54.9%2025: 54.4%54.4%2026: 52.0%52.0%212223242526
Goodwill ÷ parent equity—
2021: 0.9%0.9%2022: 0.6%0.6%2023: 0.4%0.4%2024: 0.2%0.2%2025: 0.1%0.1%212223242526
Goodwill balance—
2021: ¥16.1M¥16.1M2022: ¥12.5M¥12.5M2023: ¥8.8M¥8.8M2024: ¥5.2M¥5.2M2025: ¥1.5M¥1.5M212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥32.9M
2021: ¥21.2M¥21.2M2022: ¥24.7M¥24.7M2023: ¥27.9M¥27.9M2024: ¥30.7M¥30.7M2025: ¥30.5M¥30.5M2026: ¥32.9M¥32.9M212223242526
R&D / revenue0.4%
2021: 0.3%0.3%2022: 0.4%0.4%2023: 0.4%0.4%2024: 0.4%0.4%2025: 0.4%0.4%2026: 0.4%0.4%212223242526
Receivable days—
2021: 40d40d212223242526
Payable days35d
2021: 31d31d2022: 26d26d2023: 30d30d2024: 29d29d2025: 30d30d2026: 35d35d212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue6,6397,0707,3927,9578,283
Cost of revenue4,9295,4175,6506,0496,186
Gross profit1,7091,6541,7421,9082,097
SG&A1,5941,6341,7311,9111,954
Operating income1162012-3143
Pretax income2252361504747
Income tax6579501825
Net income attributable to owners160156982822
Operating margin1.7%0.3%0.2%-0.0%1.7%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 13%
Property, plant and equipment 52%
0%
2%
Other assets 33%

Funding

Trade payables 9%
Interest-bearing debt 43%
Other liabilities 17%
Equity 31%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥866.2M¥779.8M¥696.4M¥968M¥904.8M
Total assets¥5.59B¥6.07B¥7.05B¥7.13B¥6.97B
Net assets¥2.04B¥2.14B¥2.19B¥2.19B¥2.18B
Share capital¥714.1M¥714.1M¥714.1M¥714.1M¥714.1M
Property, plant and equipment¥2.85B¥3.12B¥3.87B¥3.88B¥3.63B
Intangible assets excluding goodwill¥33.9M¥27.5M¥38.6M¥32.1M¥25.3M
Goodwill¥12.5M¥8.8M¥5.2M¥1.5M—
Investment securities¥152.7M¥134.8M¥129.9M¥118.8M¥140.6M
Current assets¥2.44B¥2.63B¥2.86B¥2.93B¥2.99B
Current liabilities¥2.14B¥2.41B¥2.49B¥2.69B¥2.88B
Trade payables¥355.3M¥449M¥456.2M¥499.2M¥599.5M
Short-term borrowings¥1.21B¥1.33B¥1.37B¥1.56B¥1.63B
Long-term borrowings¥1.04B¥1.15B¥1.86B¥1.71B¥1.27B
Bonds————¥100M
Interest-bearing debt————¥3Bderived
Total liabilities¥3.56B¥3.94B¥4.86B¥4.94B¥4.79B
Non-controlling interests¥2.2M¥3M¥4.2M¥5M¥5.1M
Equity attributable to owners of parent¥1.97B¥2.08B¥2.14B¥2.12B¥2.1B
Retained earnings¥704M¥818.4M¥875M¥861.5M¥841.6M
Treasury stock-¥5.9M-¥5.9M-¥5.9M-¥5.9M-¥5.9M

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第47期(2025/04/01-2026/03/31)

    ID S100YK4U2026-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第46期(2024/04/01-2025/03/31)

    ID S100W98M2025-06-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第45期(2023/04/01-2024/03/31)

    ID S100TXIC2024-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第44期(2022/04/01-2023/03/31)

    ID S100R5M92023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第43期(令和3年4月1日-令和4年3月31日)

    ID S100OF592022-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第42期(令和2年4月1日-令和3年3月31日)

    ID S100LTZ82021-06-30Open

Extracted from XBRL: 52 / Derived from other figures: 2

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