France BED HoldingsFRANCE BED HOLDINGS CO.,LTD.7840東証プライムその他製品FY ending Mar 2026, consolidated, J-GAAP

France BED Holdings revenue and profit

Out of every ¥100 of sales, about ¥7 is left as operating profit. Revenue changed +2.0% from the prior year, operating profit -7.7%.

Five-year trend

Revenue¥61.8B
FY ending Mar 2022: ¥54.4B¥54.4BFY ending Mar 2023: ¥58.6B¥58.6BFY ending Mar 2024: ¥59.2B¥59.2BFY ending Mar 2025: ¥60.6B¥60.6BFY ending Mar 2026: ¥61.8B¥61.8BFY22FY23FY24FY25FY26
Operating income¥4.33B
FY ending Mar 2022: ¥3.92B¥3.92BFY ending Mar 2023: ¥4.48B¥4.48BFY ending Mar 2024: ¥4.59B¥4.59BFY ending Mar 2025: ¥4.7B¥4.7BFY ending Mar 2026: ¥4.33B¥4.33BFY22FY23FY24FY25FY26
Operating margin7.0%
FY ending Mar 2022: 7.2%7.2%FY ending Mar 2023: 7.6%7.6%FY ending Mar 2024: 7.8%7.8%FY ending Mar 2025: 7.8%7.8%FY ending Mar 2026: 7.0%7.0%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin4.4%
Asset turnover0.89×
ROA4.0%
ROA4.0%
Financial leverage1.82×
ROE7.2%

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

Net margin4.4%
2022: 4.7%4.7%2023: 4.6%4.6%2024: 5.3%5.3%2025: 4.9%4.9%2026: 4.4%4.4%2223242526
Asset turnover0.89×
2022: 0.85×0.85×2023: 0.91×0.91×2024: 0.89×0.89×2025: 0.87×0.87×2026: 0.89×0.89×2223242526
ROA4.0%
2022: 4.0%4.0%2023: 4.2%4.2%2024: 4.7%4.7%2025: 4.2%4.2%2026: 4.0%4.0%2223242526
Financial leverage1.82×
2022: 1.80×1.80×2023: 1.78×1.78×2024: 1.82×1.82×2025: 1.86×1.86×2026: 1.82×1.82×2223242526
ROE7.2%
2022: 7.2%7.2%2023: 7.5%7.5%2024: 8.5%8.5%2025: 7.9%7.9%2026: 7.2%7.2%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20224.7%0.85×4.0%1.80×7.2%
20234.6%0.91×4.2%1.78×7.5%
20245.3%0.89×4.7%1.82×8.5%
20254.9%0.87×4.2%1.86×7.9%
20264.4%0.89×4.0%1.82×7.2%

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 ÷ revenue33.7%
2021: 37.4%37.4%2022: 40.5%40.5%2023: 36.0%36.0%2024: 35.3%35.3%2025: 34.0%34.0%2026: 33.7%33.7%212223242526
PPE ÷ total assets30.7%
2021: 31.6%31.6%2022: 34.2%34.2%2023: 32.6%32.6%2024: 30.4%30.4%2025: 29.1%29.1%2026: 30.7%30.7%212223242526
Goodwill ÷ parent equity0.6%
2021: 1.0%1.0%2022: 3.3%3.3%2023: 2.5%2.5%2024: 1.9%1.9%2025: 1.2%1.2%2026: 0.6%0.6%212223242526
Goodwill balance¥222M
2021: ¥353M¥353M2022: ¥1.17B¥1.17B2023: ¥929M¥929M2024: ¥691M¥691M2025: ¥457M¥457M2026: ¥222M¥222M212223242526

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¥207M
2021: ¥200M¥200M2022: ¥197M¥197M2023: ¥185M¥185M2024: ¥178M¥178M2025: ¥186M¥186M2026: ¥207M¥207M212223242526
R&D / revenue0.3%
2021: 0.4%0.4%2022: 0.4%0.4%2023: 0.3%0.3%2024: 0.3%0.3%2025: 0.3%0.3%2026: 0.3%0.3%212223242526
Receivable days—
2021: 63d63d212223242526
Payable days30d
2021: 41d41d2022: 38d38d2023: 35d35d2024: 38d38d2025: 35d35d2026: 30d30d212223242526

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
Revenue54,39858,57859,15160,56161,769
Cost of revenue25,39827,38427,26127,50527,955
Gross profit28,99931,19431,88933,05633,813
SG&A25,08126,71327,30228,35929,478
Operating income3,9184,4814,5874,6964,335
Pretax income3,8834,3664,7084,5994,253
Income tax1,3261,6641,5741,6521,507
Net income attributable to owners2,5572,7023,1342,9462,746
Operating margin7.2%7.6%7.8%7.8%7.0%

Balance sheet (reported items)

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

Assets

Cash 18%
Property, plant and equipment 31%
2%
1%
Other assets 48%

Funding

3%
Interest-bearing debt 10%
Other liabilities 28%
Equity 59%
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¥10.8B¥10.4B¥13.2B¥13.2B¥12.4B
Total assets¥64.3B¥64.7B¥68.6B¥70.9B¥67.7B
Net assets¥37.5B¥38.1B¥38.2B¥40.6B¥40.2B
Share capital¥3B¥3B¥3B¥3B¥3B
Property, plant and equipment¥22B¥21.1B¥20.9B¥20.6B¥20.8B
Intangible assets excluding goodwill¥2.42B¥2.23B¥1.74B¥1.3B¥962M
Goodwill¥1.17B¥929M¥691M¥457M¥222M
Investment securities¥716M¥519M¥535M¥326M¥747M
Current assets¥31.2B¥33B¥37.2B¥38.5B¥35.3B
Current liabilities¥19.2B¥16.7B¥15.1B¥15.5B¥13.6B
Trade payables¥2.67B¥2.66B¥2.84B¥2.67B¥2.32B
Short-term borrowings¥3.98B¥2.55B¥2.07B¥1.54B¥1.54B
Long-term borrowings¥2.14B¥3.9B¥4.81B¥4.52B¥3.63B
Bonds¥300M¥1.5B¥1.5B¥1.5B¥1.5B
Interest-bearing debt¥6.42Bderived¥7.95Bderived¥8.38Bderived¥7.56Bderived¥6.67Bderived
Total liabilities¥26.8B¥26.6B¥30.4B¥30.3B¥27.6B
Equity attributable to owners of parent¥35.7B¥36.8B¥36.6B¥38.2B¥38.1B
Retained earnings¥37.2B¥38.7B¥37.8B¥35.4B¥36.8B
Treasury stock-¥4.56B-¥4.94B-¥4.17B-¥205M-¥1.7B

Sources

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

    有価証券報告書-第23期(2025/04/01-2026/03/31)

    ID S100YE442026-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第22期(2024/04/01-2025/03/31)

    ID S100W0N02025-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第21期(2023/04/01-2024/03/31)

    ID S100TQR82024-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第20期(2022/04/01-2023/03/31)

    ID S100R10T2023-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第19期(令和3年4月1日-令和4年3月31日)

    ID S100OD8O2022-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第18期(令和2年4月1日-令和3年3月31日)

    ID S100LOF82021-06-25Open

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

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