AzbilAzbil Corporation6845東証プライム電気機器FY ending Mar 2026, consolidated, J-GAAP

Azbil revenue and profit

Out of every ¥100 of sales, about ¥16 is left as operating profit. Revenue changed -0.5% from the prior year, operating profit +14.0%.

Five-year trend

Revenue¥298.9B
FY ending Mar 2022: ¥256.6B¥256.6BFY ending Mar 2023: ¥278.4B¥278.4BFY ending Mar 2024: ¥290.9B¥290.9BFY ending Mar 2025: ¥300.4B¥300.4BFY ending Mar 2026: ¥298.9B¥298.9BFY22FY23FY24FY25FY26
Operating income¥47.3B
FY ending Mar 2022: ¥28.2B¥28.2BFY ending Mar 2023: ¥31.3B¥31.3BFY ending Mar 2024: ¥36.8B¥36.8BFY ending Mar 2025: ¥41.5B¥41.5BFY ending Mar 2026: ¥47.3B¥47.3BFY22FY23FY24FY25FY26
Operating margin15.8%
FY ending Mar 2022: 11.0%11.0%FY ending Mar 2023: 11.2%11.2%FY ending Mar 2024: 12.7%12.7%FY ending Mar 2025: 13.8%13.8%FY ending Mar 2026: 15.8%15.8%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin12.9%
Asset turnover0.92×
ROA11.9%
ROA11.9%
Financial leverage1.45×
ROE17.3%

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

Net margin12.9%
2022: 8.1%8.1%2023: 8.1%8.1%2024: 10.4%10.4%2025: 13.6%13.6%2026: 12.9%12.9%2223242526
Asset turnover0.92×
2022: 0.92×0.92×2023: 0.97×0.97×2024: 0.95×0.95×2025: 0.96×0.96×2026: 0.92×0.92×2223242526
ROA11.9%
2022: 7.4%7.4%2023: 7.8%7.8%2024: 9.9%9.9%2025: 13.0%13.0%2026: 11.9%11.9%2223242526
Financial leverage1.45×
2022: 1.48×1.48×2023: 1.53×1.53×2024: 1.56×1.56×2025: 1.50×1.50×2026: 1.45×1.45×2223242526
ROE17.3%
2022: 11.0%11.0%2023: 12.0%12.0%2024: 15.5%15.5%2025: 19.5%19.5%2026: 17.3%17.3%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20228.1%0.92×7.4%1.48×11.0%
20238.1%0.97×7.8%1.53×12.0%
202410.4%0.95×9.9%1.56×15.5%
202513.6%0.96×13.0%1.50×19.5%
202612.9%0.92×11.9%1.45×17.3%

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 ÷ revenue14.3%
2021: 11.0%11.0%2022: 12.9%12.9%2023: 13.7%13.7%2024: 14.2%14.2%2025: 13.7%13.7%2026: 14.3%14.3%212223242526
PPE ÷ total assets12.9%
2021: 9.5%9.5%2022: 11.8%11.8%2023: 12.9%12.9%2024: 13.2%13.2%2025: 13.1%13.1%2026: 12.9%12.9%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¥12.7B
2021: ¥11.2B¥11.2B2022: ¥12.1B¥12.1B2023: ¥12.4B¥12.4B2024: ¥12.3B¥12.3B2025: ¥12.7B¥12.7B2026: ¥12.7B¥12.7B212223242526
R&D / revenue4.3%
2021: 4.5%4.5%2022: 4.7%4.7%2023: 4.4%4.4%2024: 4.2%4.2%2025: 4.2%4.2%2026: 4.3%4.3%212223242526
Receivable days—
2021: 121d121d212223242526
Payable days38d
2021: 79d79d2022: 56d56d2023: 54d54d2024: 44d44d2025: 35d35d2026: 38d38d212223242526

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
Revenue256,551278,406290,938300,378298,930
Cost of revenue150,845166,467167,964168,514159,352
Gross profit105,705111,938122,973131,863139,577
SG&A77,47480,68786,13290,37792,273
Operating income28,23131,25136,84141,48647,304
Pretax income30,04432,11841,88453,13250,767
Income tax8,6238,81210,91411,51111,715
Net income attributable to owners20,78422,60230,20740,95538,565
Operating margin11.0%11.2%12.7%13.8%15.8%

Balance sheet (reported items)

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

Assets

Cash 29%
Property, plant and equipment 13%
3%
Investment securities 9%
Other assets 46%

Funding

5%
Other liabilities 18%
Equity 77%
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¥77.9B¥71.2B¥75.6B¥92.6B¥97.9B
Total assets¥280.1B¥296.9B¥313.7B¥315.1B¥332.2B
Net assets¥203.1B¥205.9B¥224.9B¥240.5B¥256B
Share capital¥10.5B¥10.5B¥10.5B¥10.5B¥10.5B
Property, plant and equipment¥33.2B¥38.3B¥41.4B¥41.2B¥42.8B
Intangible assets excluding goodwill¥5.74B¥6.17B¥6.16B¥7.47B¥8.32B
Investment securities¥19.6B¥19.6B¥26B¥22.8B¥29.1B
Current assets¥210.8B¥219.7B¥229B¥230.8B¥239B
Current liabilities¥69.5B¥79B¥78B¥67.8B¥64.4B
Trade payables¥23B¥24.7B¥20.5B¥16.1B¥16.8B
Short-term borrowings¥8.05B¥8.81B¥7.47B¥4.86B¥4.82B
Long-term borrowings¥300M¥3.6B¥1.99B¥620M¥5.07B
Total liabilities¥76.9B¥91B¥88.8B¥74.6B¥76.2B
Non-controlling interests¥2.83B¥3.06B¥3.37B¥3.31B¥3.15B
Equity attributable to owners of parent¥188.8B¥189.1B¥201.1B¥218.6B¥226.8B
Retained earnings¥190.3B¥199.2B¥211.8B¥237.7B¥243B
Treasury stock-¥23.7B-¥32.4B-¥32.8B-¥41.9B-¥39B

Sources

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

    有価証券報告書-第104期(2025/04/01-2026/03/31)

    ID S100YEE52026-06-19Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第103期(2024/04/01-2025/03/31)

    ID S100WCAS2025-07-11Open
  • EDINET (FSA Japan)

    有価証券報告書-第102期(2023/04/01-2024/03/31)

    ID S100TQOR2024-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第101期(2022/04/01-2023/03/31)

    ID S100R46X2023-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第100期(令和3年4月1日-令和4年3月31日)

    ID S100ODCY2022-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第99期(令和2年4月1日-令和3年3月31日)

    ID S100LN5L2021-06-24Open

Extracted from XBRL: 53 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.