Bando Chemical IndustriesBando Chemical Industries, Ltd.5195東証プライムゴム製品FY ending Mar 2026, consolidated, IFRS

Bando Chemical Industries revenue and profit

Out of every ¥100 of sales, about ¥10 is left as operating profit. Revenue changed +3.2% from the prior year, operating profit +246.9%.

Five-year trend

Revenue¥119.3B
FY ending Mar 2022: ¥93.7B¥93.7BFY ending Mar 2023: ¥103.6B¥103.6BFY ending Mar 2024: ¥108.3B¥108.3BFY ending Mar 2025: ¥115.6B¥115.6BFY ending Mar 2026: ¥119.3B¥119.3BFY22FY23FY24FY25FY26
Operating income¥12.1B
FY ending Mar 2022: ¥2.67B¥2.67BFY ending Mar 2023: ¥8.26B¥8.26BFY ending Mar 2024: ¥7.77B¥7.77BFY ending Mar 2025: ¥3.48B¥3.48BFY ending Mar 2026: ¥12.1B¥12.1BFY22FY23FY24FY25FY26
Operating margin10.1%
FY ending Mar 2022: 2.8%2.8%FY ending Mar 2023: 8.0%8.0%FY ending Mar 2024: 7.2%7.2%FY ending Mar 2025: 3.0%3.0%FY ending Mar 2026: 10.1%10.1%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin8.9%
Asset turnover0.94×
ROA8.4%
ROA8.4%
Financial leverage1.45×
ROE12.1%

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

Net margin8.9%
2022: 1.3%1.3%2023: 5.5%5.5%2024: 5.7%5.7%2025: 1.3%1.3%2026: 8.9%8.9%2223242526
Asset turnover0.94×
2022: 0.81×0.81×2023: 0.88×0.88×2024: 0.89×0.89×2025: 0.94×0.94×2026: 0.94×0.94×2223242526
ROA8.4%
2022: 1.0%1.0%2023: 4.9%4.9%2024: 5.1%5.1%2025: 1.2%1.2%2026: 8.4%8.4%2223242526
Financial leverage1.45×
2022: 1.61×1.61×2023: 1.57×1.57×2024: 1.50×1.50×2025: 1.47×1.47×2026: 1.45×1.45×2223242526
ROE12.1%
2022: 1.7%1.7%2023: 7.6%7.6%2024: 7.6%7.6%2025: 1.8%1.8%2026: 12.1%12.1%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20221.3%0.81×1.0%1.61×1.7%
20235.5%0.88×4.9%1.57×7.6%
20245.7%0.89×5.1%1.50×7.6%
20251.3%0.94×1.2%1.47×1.8%
20268.9%0.94×8.4%1.45×12.1%

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 ÷ revenue27.4%
2021: 40.4%40.4%2022: 35.2%35.2%2023: 31.4%31.4%2024: 30.1%30.1%2025: 26.4%26.4%2026: 27.4%27.4%212223242526
PPE ÷ total assets24.8%
2021: 28.3%28.3%2022: 28.3%28.3%2023: 27.3%27.3%2024: 25.9%25.9%2025: 25.3%25.3%2026: 24.8%24.8%212223242526
Goodwill ÷ parent equity1.3%
2021: 12.2%12.2%2022: 6.4%6.4%2023: 5.9%5.9%2024: 5.4%5.4%2025: 1.4%1.4%2026: 1.3%1.3%212223242526
Goodwill balance¥1.18B
2021: ¥8.6B¥8.6B2022: ¥4.58B¥4.58B2023: ¥4.58B¥4.58B2024: ¥4.59B¥4.59B2025: ¥1.18B¥1.18B2026: ¥1.18B¥1.18B212223242526

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¥4.43B
2021: ¥4.09B¥4.09B2022: ¥4.03B¥4.03B2023: ¥4.11B¥4.11B2024: ¥4.2B¥4.2B2025: ¥4.26B¥4.26B2026: ¥4.43B¥4.43B212223242526
R&D / revenue3.7%
2021: 5.0%5.0%2022: 4.3%4.3%2023: 4.0%4.0%2024: 3.9%3.9%2025: 3.7%3.7%2026: 3.7%3.7%212223242526

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
Revenue93,744103,608108,278115,593119,257
Cost of revenue66,08174,18677,24682,80583,629
Gross profit27,66229,42131,03232,78735,628
SG&A21,78222,68723,44725,04426,076
Operating income2,6658,2597,7723,48012,073
Pretax income3,4148,5428,6763,47212,646
Income tax2,1972,7802,4581,9312,055
Net income attributable to owners1,2115,7226,1801,49610,568
Operating margin2.8%8.0%7.2%3.0%10.1%

Balance sheet (reported items)

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

Assets

Cash 16%
Property, plant and equipment 25%
1%
Other assets 58%

Funding

Other liabilities 30%
Equity 70%
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¥18.8B¥16.8B¥17.9B¥17.7B¥21.7B
Total assets¥116.4B¥119B¥125.6B¥120.7B¥131.9B
Net assets¥72.4B¥78B¥85.5B¥82.5B¥92.9B
Share capital¥11B¥11B¥11B¥11B¥11B
Property, plant and equipment¥33B¥32.5B¥32.5B¥30.5B¥32.7B
Goodwill¥4.58B¥4.58B¥4.59B¥1.18B¥1.18B
Current assets¥59.2B¥60.5B¥63.6B¥63.4B¥68.3B
Total liabilities¥44B¥41B¥40.1B¥38.2B¥39B
Equity attributable to owners of parent¥72.1B¥77.7B¥85.2B¥82.1B¥92.6B
Retained earnings¥56.5B¥60.4B¥61B¥59.4B¥66.9B
Treasury stock-¥2.58B-¥3.58B-¥1.69B-¥3.68B-¥5.66B

Sources

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

    有価証券報告書-第103期(2025/04/01-2026/03/31)

    ID S100YEMC2026-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第102期(2024/04/01-2025/03/31)

    ID S100W1792025-06-23Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第101期(2023/04/01-2024/03/31)

    ID S100TYPV2024-07-01Open
  • EDINET (FSA Japan)

    有価証券報告書-第100期(2022/04/01-2023/03/31)

    ID S100R7472023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第99期(令和3年4月1日-令和4年3月31日)

    ID S100OD5G2022-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第98期(令和2年4月1日-令和3年3月31日)

    ID S100LQKK2021-06-25Open

Extracted from XBRL: 44 / Derived from other figures: 1

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