CK San-Etsu MetalsCK SAN-ETSU METALS Co.,Ltd.5757東証プライム非鉄金属FY ending Mar 2026, consolidated, J-GAAP

CK San-Etsu Metals revenue and profit

Out of every ¥100 of sales, about ¥10 is left as operating profit. Revenue changed +19.4% from the prior year, operating profit +38.0%.

Five-year trend

Revenue¥149.4B
FY ending Mar 2022: ¥115.3B¥115.3BFY ending Mar 2023: ¥123.8B¥123.8BFY ending Mar 2024: ¥111.4B¥111.4BFY ending Mar 2025: ¥125.1B¥125.1BFY ending Mar 2026: ¥149.4B¥149.4BFY22FY23FY24FY25FY26
Operating income¥14.2B
FY ending Mar 2022: ¥10.8B¥10.8BFY ending Mar 2023: ¥8.28B¥8.28BFY ending Mar 2024: ¥7.93B¥7.93BFY ending Mar 2025: ¥10.3B¥10.3BFY ending Mar 2026: ¥14.2B¥14.2BFY22FY23FY24FY25FY26
Operating margin9.5%
FY ending Mar 2022: 9.3%9.3%FY ending Mar 2023: 6.7%6.7%FY ending Mar 2024: 7.1%7.1%FY ending Mar 2025: 8.2%8.2%FY ending Mar 2026: 9.5%9.5%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin2.4%
Asset turnover1.62×
ROA3.9%
ROA3.9%
Financial leverage1.76×
ROE6.8%

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

Net margin2.4%
2022: 3.7%3.7%2023: 4.3%4.3%2024: 3.4%3.4%2025: 4.2%4.2%2026: 2.4%2.4%2223242526
Asset turnover1.62×
2022: 1.62×1.62×2023: 1.69×1.69×2024: 1.46×1.46×2025: 1.52×1.52×2026: 1.62×1.62×2223242526
ROA3.9%
2022: 6.1%6.1%2023: 7.3%7.3%2024: 5.0%5.0%2025: 6.3%6.3%2026: 3.9%3.9%2223242526
Financial leverage1.76×
2022: 1.87×1.87×2023: 1.81×1.81×2024: 1.71×1.71×2025: 1.68×1.68×2026: 1.76×1.76×2223242526
ROE6.8%
2022: 11.3%11.3%2023: 13.2%13.2%2024: 8.6%8.6%2025: 10.7%10.7%2026: 6.8%6.8%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.7%1.62×6.1%1.87×11.3%
20234.3%1.69×7.3%1.81×13.2%
20243.4%1.46×5.0%1.71×8.6%
20254.2%1.52×6.3%1.68×10.7%
20262.4%1.62×3.9%1.76×6.8%

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 ÷ revenue14.2%
2021: 25.8%25.8%2022: 16.0%16.0%2023: 14.5%14.5%2024: 16.6%16.6%2025: 16.8%16.8%2026: 14.2%14.2%212223242526
PPE ÷ total assets21.8%
2021: 26.9%26.9%2022: 26.0%26.0%2023: 23.8%23.8%2024: 24.0%24.0%2025: 24.2%24.2%2026: 21.8%21.8%212223242526
Goodwill ÷ parent equity—
2021: 0.8%0.8%2022: 0.4%0.4%2023: 0.2%0.2%212223242526
Goodwill balance—
2021: ¥290M¥290M2022: ¥164M¥164M2023: ¥74M¥74M212223242526

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¥144M
2021: ¥202M¥202M2022: ¥164M¥164M2023: ¥153M¥153M2024: ¥110M¥110M2025: ¥123M¥123M2026: ¥144M¥144M212223242526
R&D / revenue0.1%
2021: 0.3%0.3%2022: 0.1%0.1%2023: 0.1%0.1%2024: 0.1%0.1%2025: 0.1%0.1%2026: 0.1%0.1%212223242526
Receivable days—
2021: 83d83d212223242526
Payable days33d
2021: 42d42d2022: 34d34d2023: 31d31d2024: 31d31d2025: 31d31d2026: 33d33d212223242526

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
Revenue115,343123,838111,433125,108149,438
Cost of revenue99,791110,60198,410109,686129,067
Gross profit15,55113,23713,02215,42120,371
SG&A4,7804,9575,0935,1586,209
Operating income10,7718,2797,92910,26314,161
Pretax income6,5608,6606,1148,3825,954
Income tax1,6412,7231,8562,5801,643
Net income attributable to owners4,3135,3183,8155,2073,587
Operating margin9.3%6.7%7.1%8.2%9.5%

Balance sheet (reported items)

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

Assets

1%
Property, plant and equipment 22%
0%
3%
Other assets 74%

Funding

Trade payables 12%
Other liabilities 24%
Equity 64%
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¥679M¥1.03B¥981M¥3.7B¥1.29B
Total assets¥71.1B¥75.5B¥77.1B¥87B¥97.5B
Net assets¥43.9B¥49.1B¥53.6B¥59B¥62.6B
Share capital¥2.76B¥2.76B¥2.76B¥2.76B¥2.76B
Property, plant and equipment¥18.5B¥18B¥18.5B¥21B¥21.2B
Intangible assets excluding goodwill¥606M¥422M¥277M¥178M¥157M
Goodwill¥164M¥74M———
Investment securities¥1.35B¥1.34B¥1.84B¥1.76B¥2.51B
Current assets¥49.3B¥54.5B¥55.6B¥63B¥72.8B
Current liabilities¥24.7B¥22.8B¥20.3B¥25B¥30.8B
Trade payables¥9.42B¥9.34B¥8.33B¥9.25B¥11.6B
Short-term borrowings¥8.44B¥7.89B¥7.5B¥8.4B¥12B
Long-term borrowings—¥776M¥441M¥102M¥1.18B
Total liabilities¥27.2B¥26.3B¥23.5B¥27.9B¥34.9B
Non-controlling interests¥5.37B¥5.76B¥6.17B¥6.77B¥7.73B
Equity attributable to owners of parent¥38B¥42.8B¥46.4B¥51.3B¥53.5B
Retained earnings¥32.1B¥36.9B¥40B¥44.5B¥47.3B
Treasury stock-¥1.37B-¥1.5B-¥1.12B-¥663M-¥2.06B

Sources

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

    有価証券報告書

    ID S100YIA12026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書

    ID S100W4RZ2025-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書

    ID S100TV6M2024-06-27Open
  • EDINET (FSA Japan)

    訂正有価証券報告書

    ID S100RFVG2023-07-21Open
  • EDINET (FSA Japan)

    有価証券報告書

    ID S100OA0V2022-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書

    ID S100LL0B2021-06-22Open

Extracted from XBRL: 50 / Derived from other figures: 1

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