EizoEIZO Corporation6737東証プライム電気機器FY ending Mar 2026, consolidated, J-GAAP

Eizo revenue and profit

Out of every ¥100 of sales, about ¥3 is left as operating profit. Revenue changed +1.0% from the prior year, operating profit -36.2%.

Five-year trend

Revenue¥81.3B
FY ending Mar 2022: ¥86.8B¥86.8BFY ending Mar 2023: ¥80.8B¥80.8BFY ending Mar 2024: ¥80.5B¥80.5BFY ending Mar 2025: ¥80.5B¥80.5BFY ending Mar 2026: ¥81.3B¥81.3BFY22FY23FY24FY25FY26
Operating income¥2.37B
FY ending Mar 2022: ¥11.3B¥11.3BFY ending Mar 2023: ¥5B¥5BFY ending Mar 2024: ¥3.91B¥3.91BFY ending Mar 2025: ¥3.71B¥3.71BFY ending Mar 2026: ¥2.37B¥2.37BFY22FY23FY24FY25FY26
Operating margin2.9%
FY ending Mar 2022: 13.0%13.0%FY ending Mar 2023: 6.2%6.2%FY ending Mar 2024: 4.9%4.9%FY ending Mar 2025: 4.6%4.6%FY ending Mar 2026: 2.9%2.9%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin9.0%
Asset turnover0.49×
ROA4.4%
ROA4.4%
Financial leverage1.86×
ROE8.1%

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

Net margin9.0%
2022: 9.0%9.0%2023: 7.3%7.3%2024: 6.8%6.8%2025: 5.2%5.2%2026: 9.0%9.0%2223242526
Asset turnover0.49×
2022: 0.56×0.56×2023: 0.52×0.52×2024: 0.50×0.50×2025: 0.50×0.50×2026: 0.49×0.49×2223242526
ROA4.4%
2022: 5.0%5.0%2023: 3.8%3.8%2024: 3.4%3.4%2025: 2.6%2.6%2026: 4.4%4.4%2223242526
Financial leverage1.86×
2022: 1.76×1.76×2023: 1.76×1.76×2024: 1.79×1.79×2025: 1.78×1.78×2026: 1.86×1.86×2223242526
ROE8.1%
2022: 8.8%8.8%2023: 6.6%6.6%2024: 6.1%6.1%2025: 4.6%4.6%2026: 8.1%8.1%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20229.0%0.56×5.0%1.76×8.8%
20237.3%0.52×3.8%1.76×6.6%
20246.8%0.50×3.4%1.79×6.1%
20255.2%0.50×2.6%1.78×4.6%
20269.0%0.49×4.4%1.86×8.1%

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 ÷ revenue32.4%
2021: 24.6%24.6%2022: 23.2%23.2%2023: 27.2%27.2%2024: 28.2%28.2%2025: 30.3%30.3%2026: 32.4%32.4%212223242526
PPE ÷ total assets14.8%
2021: 12.6%12.6%2022: 13.0%13.0%2023: 14.1%14.1%2024: 13.8%13.8%2025: 15.5%15.5%2026: 14.8%14.8%212223242526
Goodwill ÷ parent equity—
2021: 1.8%1.8%212223242526
Goodwill balance—
2021: ¥1.51B¥1.51B212223242526

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¥6.86B
2021: ¥5.64B¥5.64B2022: ¥5.83B¥5.83B2023: ¥6.14B¥6.14B2024: ¥6.31B¥6.31B2025: ¥6.72B¥6.72B2026: ¥6.86B¥6.86B212223242526
R&D / revenue8.4%
2021: 7.4%7.4%2022: 6.7%6.7%2023: 7.6%7.6%2024: 7.8%7.8%2025: 8.3%8.3%2026: 8.4%8.4%212223242526
Receivable days—
2021: 81d81d212223242526

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
Revenue86,78980,84980,47180,49381,308
Cost of revenue55,92955,60555,05054,29355,407
Gross profit30,85925,24325,42126,19925,901
SG&A19,56020,24121,51222,49323,535
Operating income11,2995,0023,9083,7062,365
Pretax income11,2868,0647,8765,65510,565
Income tax3,4912,2012,4211,5063,242
Net income attributable to owners7,7945,8625,4544,1487,323
Operating margin13.0%6.2%4.9%4.6%2.9%

Balance sheet (reported items)

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

Assets

Cash 11%
Property, plant and equipment 15%
1%
Investment securities 36%
Other assets 37%

Funding

Other liabilities 23%
Equity 77%
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¥22.4B¥9.56B¥16.4B¥21.1B¥20.4B
Total assets¥155.5B¥155.9B¥164.8B¥157.8B¥177.5B
Net assets¥118.6B¥120.6B¥129.4B¥124.4B¥136.9B
Share capital¥4.42B¥4.42B¥4.42B¥4.42B¥4.42B
Property, plant and equipment¥20.2B¥22B¥22.7B¥24.4B¥26.3B
Intangible assets excluding goodwill¥841M¥748M¥895M¥1.02B¥836M
Investment securities¥52.8B¥52.2B¥57.9B¥50.7B¥64.4B
Current assets¥80.5B¥79.9B¥82.4B¥80.7B¥84.8B
Current liabilities¥20.7B¥19.7B¥19B¥18.7B¥21.3B
Short-term borrowings¥2.05B¥1.57B¥4.9B¥4.86B¥5.5B
Long-term borrowings¥1.02B¥947M¥897M¥729M¥641M
Total liabilities¥36.9B¥35.4B¥35.4B¥33.4B¥40.6B
Equity attributable to owners of parent¥88.1B¥88.6B¥90.7B¥90.7B¥90B
Retained earnings¥82B¥83.9B¥86B¥85.9B¥86B
Treasury stock-¥2.66B-¥4B-¥3.99B-¥3.98B-¥4.77B

Sources

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

    有価証券報告書-第59期(2025/04/01-2026/03/31)

    ID S100YEV12026-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第58期(2024/04/01-2025/03/31)

    ID S100VZDT2025-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第57期(2023/04/01-2024/03/31)

    ID S100TP462024-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第56期(2022/04/01-2023/03/31)

    ID S100QYVU2023-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第55期(令和3年4月1日-令和4年3月31日)

    ID S100O9K82022-06-17Open
  • EDINET (FSA Japan)

    有価証券報告書-第54期(令和2年4月1日-令和3年3月31日)

    ID S100LPSG2021-06-25Open

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

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

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.