EiwaEIWA CORPORATION9857東証スタンダード卸売業FY ending Mar 2026, consolidated, J-GAAP

Eiwa revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed +3.6% from the prior year, operating profit +6.8%.

Five-year trend

Revenue¥48.8B
FY ending Mar 2022: ¥37.4B¥37.4BFY ending Mar 2023: ¥41.3B¥41.3BFY ending Mar 2024: ¥43.3B¥43.3BFY ending Mar 2025: ¥47.1B¥47.1BFY ending Mar 2026: ¥48.8B¥48.8BFY22FY23FY24FY25FY26
Operating income¥2.98B
FY ending Mar 2022: ¥1.56B¥1.56BFY ending Mar 2023: ¥1.89B¥1.89BFY ending Mar 2024: ¥2.33B¥2.33BFY ending Mar 2025: ¥2.79B¥2.79BFY ending Mar 2026: ¥2.98B¥2.98BFY22FY23FY24FY25FY26
Operating margin6.1%
FY ending Mar 2022: 4.2%4.2%FY ending Mar 2023: 4.6%4.6%FY ending Mar 2024: 5.4%5.4%FY ending Mar 2025: 5.9%5.9%FY ending Mar 2026: 6.1%6.1%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin4.2%
Asset turnover1.48×
ROA6.3%
ROA6.3%
Financial leverage1.94×
ROE12.2%

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

Net margin4.2%
2022: 2.9%2.9%2023: 3.2%3.2%2024: 3.9%3.9%2025: 4.1%4.1%2026: 4.2%4.2%2223242526
Asset turnover1.48×
2022: 1.32×1.32×2023: 1.38×1.38×2024: 1.36×1.36×2025: 1.45×1.45×2026: 1.48×1.48×2223242526
ROA6.3%
2022: 3.8%3.8%2023: 4.4%4.4%2024: 5.2%5.2%2025: 6.0%6.0%2026: 6.3%6.3%2223242526
Financial leverage1.94×
2022: 2.28×2.28×2023: 2.31×2.31×2024: 2.24×2.24×2025: 2.09×2.09×2026: 1.94×1.94×2223242526
ROE12.2%
2022: 8.6%8.6%2023: 10.2%10.2%2024: 11.8%11.8%2025: 12.6%12.6%2026: 12.2%12.2%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20222.9%1.32×3.8%2.28×8.6%
20233.2%1.38×4.4%2.31×10.2%
20243.9%1.36×5.2%2.24×11.8%
20254.1%1.45×6.0%2.09×12.6%
20264.2%1.48×6.3%1.94×12.2%

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 ÷ revenue3.2%
2021: 3.3%3.3%2022: 4.0%4.0%2023: 3.8%3.8%2024: 3.5%3.5%2025: 3.3%3.3%2026: 3.2%3.2%212223242526
PPE ÷ total assets4.8%
2021: 4.7%4.7%2022: 5.3%5.3%2023: 4.9%4.9%2024: 4.7%4.7%2025: 4.7%4.7%2026: 4.8%4.8%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.

Receivable days—
2021: 140d140d212223242526
Payable days61d
2021: 83d83d2022: 79d79d2023: 83d83d2024: 65d65d2025: 61d61d2026: 61d61d212223242526

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
Revenue37,37841,28443,29247,13648,846
Cost of revenue31,26334,45035,79838,95040,147
Gross profit6,1156,8357,4958,1868,699
SG&A4,5534,9405,1695,4005,724
Operating income1,5621,8942,3252,7862,975
Pretax income1,6091,9892,4212,9043,058
Income tax542668753950988
Net income attributable to owners1,0671,3211,6681,9542,070
Operating margin4.2%4.6%5.4%5.9%6.1%

Balance sheet (reported items)

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

Assets

Cash 15%
5%
0%
5%
Other assets 75%

Funding

Trade payables 21%
Other liabilities 21%
Equity 58%
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¥6.61B¥6.48B¥6.54B¥6.1B¥5.04B
Total assets¥28.4B¥31.6B¥31.9B¥33.1B¥32.8B
Net assets¥12.8B¥14B¥15.8B¥17B¥19B
Share capital¥1.53B¥1.53B¥1.53B¥1.53B¥1.53B
Property, plant and equipment¥1.51B¥1.55B¥1.52B¥1.56B¥1.58B
Intangible assets excluding goodwill¥146.9M¥129.2M¥97.9M¥66.3M¥69.1M
Investment securities¥812.8M¥1.12B¥1.47B¥1.43B¥1.52B
Current assets¥24.7B¥27.6B¥27.5B¥28.6B¥27.6B
Current liabilities¥14.8B¥16.9B¥16B¥15.9B¥13.6B
Trade payables¥6.8B¥7.8B¥6.37B¥6.46B¥6.74B
Short-term borrowings¥200M¥150M¥50M¥50M¥50M
Long-term borrowings¥440M¥463.3M¥16.7M¥68M¥72.1M
Total liabilities¥15.6B¥17.6B¥16.2B¥16.2B¥13.8B
Equity attributable to owners of parent¥12.5B¥13.5B¥14.8B¥16.2B¥17.8B
Retained earnings¥9.4B¥10.5B¥11.8B¥13.2B¥14.7B
Treasury stock-¥51.1M-¥51.2M-¥51.2M-¥51.5M-¥51.6M

Sources

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

    有価証券報告書-第79期(2025/04/01-2026/03/31)

    ID S100YCFQ2026-06-16Open
  • EDINET (FSA Japan)

    有価証券報告書-第78期(2024/04/01-2025/03/31)

    ID S100W5IA2025-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第77期(2023/04/01-2024/03/31)

    ID S100TUZZ2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第76期(2022/04/01-2023/03/31)

    ID S100R5C92023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第75期(令和3年4月1日-令和4年3月31日)

    ID S100OL9V2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第74期(令和2年4月1日-令和3年3月31日)

    ID S100LSVD2021-06-28Open

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

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