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Alps AlpineALPS ALPINE CO., LTD.6770東証プライム電気機器FY ending Mar 2026, consolidated, J-GAAP

Alps Alpine revenue and profit

Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +2.9% from the prior year, operating profit +23.3%.

Five-year trend

Revenue¥1.02T
FY ending Mar 2022: ¥802.9B¥802.9BFY ending Mar 2023: ¥933.1B¥933.1BFY ending Mar 2024: ¥964.1B¥964.1BFY ending Mar 2025: ¥990.4B¥990.4BFY ending Mar 2026: ¥1.02T¥1.02TFY22FY23FY24FY25FY26
Operating income¥42B
FY ending Mar 2022: ¥35.2B¥35.2BFY ending Mar 2023: ¥33.6B¥33.6BFY ending Mar 2024: ¥19.7B¥19.7BFY ending Mar 2025: ¥34.1B¥34.1BFY ending Mar 2026: ¥42B¥42BFY22FY23FY24FY25FY26
Operating margin4.1%
FY ending Mar 2022: 4.4%4.4%FY ending Mar 2023: 3.6%3.6%FY ending Mar 2024: 2.0%2.0%FY ending Mar 2025: 3.4%3.4%FY ending Mar 2026: 4.1%4.1%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin2.6%
Asset turnover1.34×
ROA3.5%
ROA3.5%
Financial leverage2.20×
ROE7.8%

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

Net margin2.6%
2022: 2.9%2.9%2023: 1.2%1.2%2025: 3.8%3.8%2026: 2.6%2.6%2223242526
Asset turnover1.34×
2022: 1.08×1.08×2023: 1.26×1.26×2025: 1.33×1.33×2026: 1.34×1.34×2223242526
ROA3.5%
2022: 3.1%3.1%2023: 1.5%1.5%2024: -4.0%-4.0%2025: 5.1%5.1%2026: 3.5%3.5%2223242526
Financial leverage2.20×
2022: 2.10×2.10×2023: 2.08×2.08×2025: 2.24×2.24×2026: 2.20×2.20×2223242526
ROE7.8%
2022: 6.5%6.5%2023: 3.2%3.2%2025: 11.3%11.3%2026: 7.8%7.8%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20222.9%1.08×3.1%2.10×6.5%
20231.2%1.26×1.5%2.08×3.2%
2024——×-4.0%—×—
20253.8%1.33×5.1%2.24×11.3%
20262.6%1.34×3.5%2.20×7.8%

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 ÷ revenue15.5%
2021: 25.2%25.2%2022: 23.8%23.8%2023: 17.0%17.0%2024: 13.9%13.9%2025: 13.8%13.8%2026: 15.5%15.5%212223242526
PPE ÷ total assets20.2%
2021: 26.1%26.1%2022: 25.7%25.7%2023: 21.5%21.5%2024: 17.8%17.8%2025: 18.5%18.5%2026: 20.2%20.2%212223242526

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¥21.9B
2021: ¥31.1B¥31.1B2022: ¥30.7B¥30.7B2023: ¥31.9B¥31.9B2024: ¥33B¥33B2025: ¥24.3B¥24.3B2026: ¥21.9B¥21.9B212223242526
R&D / revenue2.2%
2021: 4.3%4.3%2022: 3.8%3.8%2023: 3.4%3.4%2024: 3.4%3.4%2025: 2.5%2.5%2026: 2.2%2.2%212223242526
Receivable days60d
2021: 75d75d2022: 71d71d2023: 69d69d2024: 60d60d2025: 61d61d2026: 60d60d212223242526
Payable days41d
2021: 48d48d2022: 47d47d2023: 47d47d2024: 43d43d2025: 40d40d2026: 41d41d212223242526

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
Revenue802,854933,114964,090990,4071,019,459
Cost of revenue664,054765,587798,017815,238837,600
Gross profit138,800167,527166,072175,169181,858
SG&A103,592133,931146,360141,062139,814
Operating income35,20833,59519,71134,10642,043
Pretax income38,66826,812-14,47757,87243,944
Income tax13,29413,83315,03019,78816,650
Net income attributable to owners22,96011,470-29,81437,83726,879
Operating margin4.4%3.6%2.0%3.4%4.1%

Balance sheet (reported items)

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

Assets

Cash 20%
Receivables 21%
Property, plant and equipment 20%
4%
Investment securities 9%
Other assets 26%

Funding

Trade payables 12%
Other liabilities 31%
Equity 57%
0%

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¥138.5B¥82.9B¥122.3B¥147.5B¥153.4B
Total assets¥743.5B¥737B¥754B¥740.7B¥783.2B
Net assets¥425.3B¥399.8B¥392.8B¥415.5B¥449.4B
Share capital¥38.7B¥38.7B¥38.7B¥38.7B¥38.7B
Trade receivables¥156.5B¥176.9B¥158.6B¥164.8B¥168.4B
Property, plant and equipment¥191.3B¥158.5B¥134.2B¥136.7B¥158B
Intangible assets excluding goodwill¥28.2B¥26.5B¥26.6B¥22B¥30.6B
Investment securities¥46.1B¥66.7B¥71.8B¥60B¥67.7B
Current assets¥459B¥466.5B¥491.5B¥494.9B¥500.7B
Current liabilities¥234.3B¥264.6B¥247.7B¥226.9B¥240.7B
Trade payables¥85.2B¥98.5B¥94B¥90.4B¥93.2B
Short-term borrowings¥57B¥77.2B¥50.5B¥44.3B¥37.1B
Long-term borrowings¥56.2B¥44.7B¥78.8B¥56.5B¥55.2B
Total liabilities¥318.2B¥337.2B¥361.2B¥325.2B¥333.8B
Non-controlling interests¥35.7B¥1.56B¥1.65B¥1.51B¥1.87B
Equity attributable to owners of parent¥354.2B¥356.7B¥318.9B¥348.3B¥343.8B
Retained earnings¥217.1B¥222.4B¥184.3B¥213.9B¥207.8B
Treasury stock-¥26.2B-¥28.6B-¥28.4B-¥28.3B-¥25.3B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第93期(2025/04/01－2026/03/31)

    ID S100YB8V2026-06-18Open

  • EDINET (FSA Japan)

    有価証券報告書－第92期(2024/04/01－2025/03/31)

    ID S100W2402025-06-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第91期(2023/04/01－2024/03/31)

    ID S100TU0N2024-06-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第90期(2022/04/01－2023/03/31)

    ID S100R23Q2023-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第89期(令和3年4月1日－令和4年3月31日)

    ID S100OD9W2022-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第88期(令和2年4月1日－令和3年3月31日)

    ID S100LP312021-06-25Open

Extracted from XBRL: 55 / Derived from other figures: 1

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