Daido SignalDaido Signal Co.,Ltd.6743東証スタンダード電気機器FY ending Mar 2026, consolidated, J-GAAP

Daido Signal revenue and profit

Out of every ¥100 of sales, about ¥9 is left as operating profit. Revenue changed +17.3% from the prior year, operating profit +89.8%.

Five-year trend

Revenue¥25.7B
FY ending Mar 2022: ¥22.2B¥22.2BFY ending Mar 2023: ¥19.5B¥19.5BFY ending Mar 2024: ¥20.8B¥20.8BFY ending Mar 2025: ¥21.9B¥21.9BFY ending Mar 2026: ¥25.7B¥25.7BFY22FY23FY24FY25FY26
Operating income¥2.19B
FY ending Mar 2022: ¥1.38B¥1.38BFY ending Mar 2023: ¥925.4M¥925.4MFY ending Mar 2024: ¥1.3B¥1.3BFY ending Mar 2025: ¥1.15B¥1.15BFY ending Mar 2026: ¥2.19B¥2.19BFY22FY23FY24FY25FY26
Operating margin8.5%
FY ending Mar 2022: 6.2%6.2%FY ending Mar 2023: 4.7%4.7%FY ending Mar 2024: 6.2%6.2%FY ending Mar 2025: 5.3%5.3%FY ending Mar 2026: 8.5%8.5%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin7.0%
Asset turnover0.53×
ROA3.7%
ROA3.7%
Financial leverage2.12×
ROE7.9%

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

Net margin7.0%
2022: 3.2%3.2%2023: 3.0%3.0%2024: 2.7%2.7%2025: 7.0%7.0%2026: 7.0%7.0%2223242526
Asset turnover0.53×
2022: 0.52×0.52×2023: 0.45×0.45×2024: 0.47×0.47×2025: 0.49×0.49×2026: 0.53×0.53×2223242526
ROA3.7%
2022: 1.7%1.7%2023: 1.4%1.4%2024: 1.3%1.3%2025: 3.4%3.4%2026: 3.7%3.7%2223242526
Financial leverage2.12×
2022: 2.05×2.05×2023: 2.05×2.05×2024: 2.06×2.06×2025: 2.07×2.07×2026: 2.12×2.12×2223242526
ROE7.9%
2022: 3.5%3.5%2023: 2.8%2.8%2024: 2.7%2.7%2025: 7.1%7.1%2026: 7.9%7.9%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.2%0.52×1.7%2.05×3.5%
20233.0%0.45×1.4%2.05×2.8%
20242.7%0.47×1.3%2.06×2.7%
20257.0%0.49×3.4%2.07×7.1%
20267.0%0.53×3.7%2.12×7.9%

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 ÷ revenue42.6%
2021: 44.6%44.6%2022: 45.4%45.4%2023: 51.0%51.0%2024: 51.9%51.9%2025: 50.7%50.7%2026: 42.6%42.6%212223242526
PPE ÷ total assets21.5%
2021: 22.9%22.9%2022: 23.7%23.7%2023: 23.0%23.0%2024: 24.1%24.1%2025: 24.5%24.5%2026: 21.5%21.5%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¥1B
2021: ¥853.5M¥853.5M2022: ¥840.2M¥840.2M2023: ¥847.1M¥847.1M2024: ¥1B¥1B2025: ¥948.1M¥948.1M2026: ¥1B¥1B212223242526
R&D / revenue3.9%
2021: 3.7%3.7%2022: 3.8%3.8%2023: 4.3%4.3%2024: 4.8%4.8%2025: 4.3%4.3%2026: 3.9%3.9%212223242526
Receivable days—
2021: 142d142d212223242526
Payable days56d
2021: 99d99d2022: 85d85d2023: 96d96d2024: 104d104d2025: 46d46d2026: 56d56d212223242526

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
Revenue22,17219,49720,76921,91425,696
Cost of revenue16,51514,48515,20415,87718,299
Gross profit5,6565,0125,5656,0377,397
SG&A4,2774,0874,2694,8855,209
Operating income1,3809251,2971,1522,188
Pretax income1,3339958572,3142,723
Income tax537340286640801
Net income attributable to owners7165885711,5431,791
Operating margin6.2%4.7%6.2%5.3%8.5%

Balance sheet (reported items)

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

Assets

7%
Property, plant and equipment 21%
1%
Investment securities 18%
Other assets 53%

Funding

6%
Interest-bearing debt 11%
Other liabilities 18%
Equity 65%

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¥6.61B¥4.19B¥3.74B¥3.5B¥3.82B
Total assets¥42.4B¥43.3B¥44.7B¥45.4B¥51B
Net assets¥27B¥27.3B¥28.7B¥28.9B¥33B
Share capital¥1.5B¥1.5B¥1.5B¥1.5B¥1.5B
Property, plant and equipment¥10.1B¥9.94B¥10.8B¥11.1B¥11B
Intangible assets excluding goodwill¥105.4M¥105M¥143.9M¥274.4M¥307.8M
Investment securities¥5.5B¥5.34B¥6.79B¥5.95B¥9.05B
Current assets¥26.5B¥27.5B¥26.5B¥27.4B¥29.9B
Current liabilities¥9.87B¥10.7B¥10.8B¥11.7B¥12.4B
Trade payables¥3.84B¥3.8B¥4.32B¥2.02B¥2.79B
Short-term borrowings¥3.63B¥4.58B¥3.58B¥5.46B¥5.19B
Long-term borrowings¥1.44B¥1.22B¥993.8M¥865.6M¥610.5M
Bonds————¥50M
Interest-bearing debt————¥5.85Bderived
Total liabilities¥15.5B¥16B¥15.9B¥16.5B¥18B
Non-controlling interests¥4.37B¥4.38B¥4.5B¥4.62B¥5.16B
Equity attributable to owners of parent¥20.7B¥21.1B¥21.5B¥22B¥23.6B
Retained earnings¥18.1B¥18.5B¥18.9B¥20.2B¥21.8B
Treasury stock-¥66.4M-¥66.5M-¥66.5M-¥989.6M-¥959.3M

Sources

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

    有価証券報告書-第80期(2025/04/01-2026/03/31)

    ID S100YEMV2026-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第79期(2024/04/01-2025/03/31)

    ID S100W7U92025-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第78期(2023/04/01-2024/03/31)

    ID S100TW692024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第77期(2022/04/01-2023/03/31)

    ID S100R7AX2023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第76期(令和3年4月1日-令和4年3月31日)

    ID S100OCEW2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第75期(令和2年4月1日-令和3年3月31日)

    ID S100LPQM2021-06-29Open

Extracted from XBRL: 54 / Derived from other figures: 2

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