Brother IndustriesBROTHER INDUSTRIES LTD.6448東証プライム電気機器FY ending Mar 2026, consolidated, IFRS

Brother Industries revenue and profit

Out of every ¥100 of sales, about ¥9 is left as operating profit. Revenue changed +5.3% from the prior year, operating profit +15.0%.

Five-year trend

Revenue¥893.5B
FY ending Mar 2022: ¥710.9B¥710.9BFY ending Mar 2023: ¥815.3B¥815.3BFY ending Mar 2024: ¥822.9B¥822.9BFY ending Mar 2025: ¥848.9B¥848.9BFY ending Mar 2026: ¥893.5B¥893.5BFY22FY23FY24FY25FY26
Operating income¥77.9B
FY ending Mar 2022: ¥85.5B¥85.5BFY ending Mar 2023: ¥55.4B¥55.4BFY ending Mar 2024: ¥49.8B¥49.8BFY ending Mar 2025: ¥67.7B¥67.7BFY ending Mar 2026: ¥77.9B¥77.9BFY22FY23FY24FY25FY26
Operating margin8.7%
FY ending Mar 2022: 12.0%12.0%FY ending Mar 2023: 6.8%6.8%FY ending Mar 2024: 6.1%6.1%FY ending Mar 2025: 8.0%8.0%FY ending Mar 2026: 8.7%8.7%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin7.6%
Asset turnover0.92×
ROA6.9%
ROA6.9%
Financial leverage1.34×
ROE9.3%

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

Net margin7.6%
2022: 8.6%8.6%2023: 4.8%4.8%2024: 3.8%3.8%2025: 6.5%6.5%2026: 7.6%7.6%2223242526
Asset turnover0.92×
2022: 0.88×0.88×2023: 0.98×0.98×2024: 0.94×0.94×2025: 0.93×0.93×2026: 0.92×0.92×2223242526
ROA6.9%
2022: 7.5%7.5%2023: 4.7%4.7%2024: 3.6%3.6%2025: 6.0%6.0%2026: 6.9%6.9%2223242526
Financial leverage1.34×
2022: 1.45×1.45×2023: 1.44×1.44×2024: 1.38×1.38×2025: 1.35×1.35×2026: 1.34×1.34×2223242526
ROE9.3%
2022: 10.9%10.9%2023: 6.8%6.8%2024: 5.0%5.0%2025: 8.1%8.1%2026: 9.3%9.3%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20228.6%0.88×7.5%1.45×10.9%
20234.8%0.98×4.7%1.44×6.8%
20243.8%0.94×3.6%1.38×5.0%
20256.5%0.93×6.0%1.35×8.1%
20267.6%0.92×6.9%1.34×9.3%

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 ÷ revenue17.0%
2021: 17.1%17.1%2022: 16.5%16.5%2023: 15.8%15.8%2024: 18.0%18.0%2025: 17.6%17.6%2026: 17.0%17.0%212223242526
PPE ÷ total assets14.9%
2021: 14.5%14.5%2022: 14.4%14.4%2023: 15.1%15.1%2024: 16.5%16.5%2025: 16.0%16.0%2026: 14.9%14.9%212223242526
Goodwill ÷ parent equity7.9%
2021: 15.7%15.7%2022: 14.1%14.1%2023: 11.9%11.9%2024: 7.9%7.9%2025: 7.8%7.8%2026: 7.9%7.9%212223242526
Goodwill balance¥60.6B
2021: ¥75.8B¥75.8B2022: ¥79.4B¥79.4B2023: ¥70.8B¥70.8B2024: ¥53B¥53B2025: ¥53.7B¥53.7B2026: ¥60.6B¥60.6B212223242526

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¥50.8B
2021: ¥43.1B¥43.1B2022: ¥43.8B¥43.8B2023: ¥45.4B¥45.4B2024: ¥47.9B¥47.9B2025: ¥49.5B¥49.5B2026: ¥50.8B¥50.8B212223242526
R&D / revenue5.7%
2021: 6.8%6.8%2022: 6.2%6.2%2023: 5.6%5.6%2024: 5.8%5.8%2025: 5.8%5.8%2026: 5.7%5.7%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
Revenue710,938815,269822,930848,889893,464
Cost of revenue403,614495,681467,589484,883513,480
Gross profit307,324319,587355,340364,006379,983
SG&A222,771259,183279,761288,516296,351
Operating income85,50155,37849,79267,69677,868
Pretax income86,42956,95352,52372,54281,973
Income tax24,91417,86620,86119,12719,369
Net income attributable to owners61,03039,08231,64554,77867,624
Operating margin12.0%6.8%6.1%8.0%8.7%

Balance sheet (reported items)

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

Assets

Cash 19%
Property, plant and equipment 15%
6%
Other assets 60%

Funding

Other liabilities 25%
Equity 75%
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¥167.9B¥119B¥166.1B¥172.8B¥197.7B
Total assets¥811.1B¥850.5B¥896.1B¥932.6B¥1.02T
Net assets¥561.2B¥596.7B¥668.1B¥691.5B¥767.4B
Share capital¥19.2B¥19.2B¥19.2B¥19.2B¥19.2B
Property, plant and equipment¥117.1B¥128.5B¥147.8B¥149.4B¥152.2B
Goodwill¥79.4B¥70.8B¥53B¥53.7B¥60.6B
Current assets¥476.7B¥511.7B¥541.9B¥574.1B¥647.4B
Total liabilities¥249.9B¥253.8B¥228B¥241.2B¥251.5B
Equity attributable to owners of parent¥561.1B¥596.6B¥668B¥691.4B¥763.3B
Retained earnings¥554.9B¥568.1B¥584.3B¥612.6B¥658.1B
Treasury stock-¥5.43B-¥3.53B-¥3.44B-¥3.39B-¥21.7B

Sources

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

    有価証券報告書-第134期(2025/04/01-2026/03/31)

    ID S100YECO2026-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第133期(2024/04/01-2025/03/31)

    ID S100W0FQ2025-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第132期(2023/04/01-2024/03/31)

    ID S100TKYL2024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第131期(2022/04/01-2023/03/31)

    ID S100R2IM2023-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第130期(令和3年4月1日-令和4年3月31日)

    ID S100OAHX2022-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第129期(令和2年4月1日-令和3年3月31日)

    ID S100LNIH2021-06-24Open

Extracted from XBRL: 46 / Derived from other figures: 1

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