Ecology and CombustionEcology and Combustion Inc.6225名古屋証券取引所機械FY ending Jul 2025, non-consolidated, J-GAAP

Ecology and Combustion revenue and profit

Out of every ¥100 of sales, about ¥14 is left as operating profit. Revenue changed +7.1% from the prior year, operating profit +20.1%.

Five-year trend

Revenue¥2.64B
FY ending Jul 2022: ¥1.5B¥1.5BFY ending Jul 2023: ¥2.38B¥2.38BFY ending Jul 2024: ¥2.47B¥2.47BFY ending Jul 2025: ¥2.64B¥2.64BFY22FY23FY24FY25
Operating income¥374M
FY ending Jul 2022: ¥97.8M¥97.8MFY ending Jul 2023: ¥243.6M¥243.6MFY ending Jul 2024: ¥311.4M¥311.4MFY ending Jul 2025: ¥374M¥374MFY22FY23FY24FY25
Operating margin14.2%
FY ending Jul 2022: 6.5%6.5%FY ending Jul 2023: 10.2%10.2%FY ending Jul 2024: 12.6%12.6%FY ending Jul 2025: 14.2%14.2%FY22FY23FY24FY25

What drives ROE

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

Net margin9.9%
Asset turnover0.65×
ROA6.5%
ROA6.5%
Financial leverage1.27×
ROE8.3%

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

Net margin9.9%
2022: 6.7%6.7%2023: 11.6%11.6%2024: 8.6%8.6%2025: 9.9%9.9%22232425
Asset turnover0.65×
2022: 0.37×0.37×2023: 0.59×0.59×2024: 0.61×0.61×2025: 0.65×0.65×22232425
ROA6.5%
2022: 2.5%2.5%2023: 6.8%6.8%2024: 5.2%5.2%2025: 6.5%6.5%22232425
Financial leverage1.27×
2022: 1.58×1.58×2023: 1.48×1.48×2024: 1.35×1.35×2025: 1.27×1.27×22232425
ROE8.3%
2022: 3.9%3.9%2023: 10.1%10.1%2024: 7.1%7.1%2025: 8.3%8.3%22232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20226.7%0.37×2.5%1.58×3.9%
202311.6%0.59×6.8%1.48×10.1%
20248.6%0.61×5.2%1.35×7.1%
20259.9%0.65×6.5%1.27×8.3%

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 ÷ revenue43.5%
2022: 98.7%98.7%2023: 53.4%53.4%2024: 49.0%49.0%2025: 43.5%43.5%22232425
PPE ÷ total assets28.3%
2022: 36.5%36.5%2023: 31.5%31.5%2024: 29.9%29.9%2025: 28.3%28.3%22232425
Goodwill ÷ parent equity0.6%
2024: 0.8%0.8%2025: 0.6%0.6%22232425
Goodwill balance¥18.3M
2024: ¥23.3M¥23.3M2025: ¥18.3M¥18.3M22232425

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¥30.5M
2022: ¥6.2M¥6.2M2023: ¥294K¥294K2025: ¥30.5M¥30.5M22232425
R&D / revenue1.2%
2022: 0.4%0.4%2023: 0.0%0.0%2025: 1.2%1.2%22232425

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 Jul 2022FY ending Jul 2023FY ending Jul 2024FY ending Jul 2025
Revenue1,5012,3822,4662,640
Cost of revenue1,0421,7391,6961,747
Gross profit460643770893
SG&A362400458519
Operating income98244311374
Pretax income157390309383
Income tax5611398120
Net income attributable to owners101277211263
Operating margin6.5%10.2%12.6%14.2%

Balance sheet (reported items)

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

Assets

Cash 42%
Property, plant and equipment 28%
1%
1%
Other assets 28%

Funding

Other liabilities 19%
Equity 81%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Jul 2022FY ending Jul 2023FY ending Jul 2024FY ending Jul 2025
Cash and equivalents¥1.41B¥1.78B¥1.45B¥1.7B
Total assets¥4.06B¥4.03B¥4.04B¥4.05B
Net assets¥2.57B¥2.9B¥3.07B¥3.28B
Share capital¥100M¥131.7M¥131.7M¥131.7M
Property, plant and equipment¥1.48B¥1.27B¥1.21B¥1.15B
Intangible assets excluding goodwill¥7.8M¥5.7M¥27.1M¥19.6M
Goodwill——¥23.3M¥18.3M
Investment securities———¥40M
Current assets¥2.53B¥2.71B¥2.76B¥2.78B
Current liabilities¥1.06B¥737M¥609.1M¥548.7M
Long-term borrowings¥235.7M¥192.8M¥150M—
Total liabilities¥1.49B¥1.13B¥972.8M¥771M
Equity attributable to owners of parent¥2.57B¥2.9B¥3.07B¥3.28B
Retained earnings¥2.81B¥3.08B¥3.25B¥3.21B
Treasury stock-¥369.2M-¥369.2M-¥369.2M-¥123.5M

Sources

Show source documents (3)
  • EDINET (FSA Japan)

    有価証券報告書-第40期(2024/08/01-2025/07/31)

    ID S100WWVI2025-10-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第39期(2023/08/01-2024/07/31)

    ID S100ULL02024-10-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第38期(2022/08/01-2023/07/31)

    ID S100S31F2023-10-27Open

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

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