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Citizen WatchCitizen Watch Co., Ltd.7762東証プライム精密機器FY ending Mar 2026, consolidated, J-GAAP

Citizen Watch FY ending Mar 2026 results

About 57% of Citizen Watch's sales come from Watches and Clocks, with Machine tools and Devices and Components making up much of the rest.

Out of every ¥100 of sales, about ¥9 is left as operating profit.

Revenue changed +9.4% from the prior year, operating profit +46.9%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +9.4% · profit +46.9%, calculated from disclosed figures.

Operating leverage: 4.97× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+9.4%¥316.9B → ¥346.8B
Gross profit
+11.1%¥134.6B → ¥149.5B
Operating income
+46.9%¥20.6B → ¥30.3B
Net income attributable to owners
+30.3%¥23.9B → ¥31.1B
Operating cash flow
+8.5%¥35.8B → ¥38.8B
Free cash flow
-7.2%¥16.1B → ¥15B

Results at a glance

  • Revenue for the FY ending Mar 2026 grew +9.4%, from ¥316.9B to ¥346.8B.
  • Operating income rose much faster, up +46.9% from ¥20.6B to ¥30.3B, and net income climbed +30.3% to ¥31.1B.
  • Free cash flow slipped -7.2%, from ¥16.1B to ¥15B.

What drove the change

  • Watch sales were strong in North America, helped by global sub-brands, Bulova, growing online direct sales and higher average prices.
  • Machine tools benefited from strong semiconductor-related demand in China and steady medical-sector orders in the Americas and Europe.
  • Net income absorbed charges for prior-year tariffs, but gains on selling investment securities and a review of deferred tax assets offset them.

Things to watch

  • The low-priced analog quartz market is shrinking, and competition from Chinese makers is pushing down movement prices.
  • Machine tool sales depend on business investment cycles and raw material costs.
  • Most sales come from outside Japan, so regional economies and exchange rates affect results.

Annual securities report (141st fiscal period) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual securities report (141st fiscal period) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Citizen Watch sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥57
SG&A
¥34
Operating profit
¥9
Net profit kept
¥9

Annual margin trends

Gross margin43.1%
FY ending Mar 2021: 31.9%31.9%FY ending Mar 2022: 38.0%38.0%FY ending Mar 2023: 40.5%40.5%FY ending Mar 2024: 42.0%42.0%FY ending Mar 2025: 42.5%42.5%FY ending Mar 2026: 43.1%43.1%FY21FY22FY23FY24FY25FY26
Operating margin8.7%
FY ending Mar 2021: -4.6%-4.6%FY ending Mar 2022: 7.9%7.9%FY ending Mar 2023: 7.9%7.9%FY ending Mar 2024: 8.0%8.0%FY ending Mar 2025: 6.5%6.5%FY ending Mar 2026: 8.7%8.7%FY21FY22FY23FY24FY25FY26
Net margin9.0%
FY ending Mar 2021: -12.2%-12.2%FY ending Mar 2022: 7.9%7.9%FY ending Mar 2023: 7.2%7.2%FY ending Mar 2024: 7.3%7.3%FY ending Mar 2025: 7.5%7.5%FY ending Mar 2026: 9.0%9.0%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第141期(2025/04/01－2026/03/31)

    ID S100YGYK2026-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第140期(2024/04/01－2025/03/31)

    ID S100W6342025-06-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第139期(2023/04/01－2024/03/31)

    ID S100TSXQ2024-06-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第138期(2022/04/01－2023/03/31)

    ID S100R82H2023-06-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第137期(令和3年4月1日－令和4年3月31日)

    ID S100OHED2022-06-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第136期(令和2年4月1日－令和3年3月31日)

    ID S100LRN82021-06-28Open

Extracted from XBRL: 55 / Derived from other figures: 2

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

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