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Fuji KyukoFUJI KYUKO CO., LTD.9010東証プライム陸運業FY ending Mar 2026, consolidated, J-GAAP

Fuji Kyuko revenue and profit

Out of every ¥100 of sales, about ¥16 is left as operating profit. Revenue changed +2.5% from the prior year, operating profit +5.4%.

Five-year trend

Revenue¥53.5B
FY ending Mar 2022: ¥35.1B¥35.1BFY ending Mar 2023: ¥42.9B¥42.9BFY ending Mar 2024: ¥50.7B¥50.7BFY ending Mar 2025: ¥52.2B¥52.2BFY ending Mar 2026: ¥53.5B¥53.5BFY22FY23FY24FY25FY26
Operating income¥8.76B
FY ending Mar 2022: ¥761.5M¥761.5MFY ending Mar 2023: ¥4.24B¥4.24BFY ending Mar 2024: ¥8.15B¥8.15BFY ending Mar 2025: ¥8.31B¥8.31BFY ending Mar 2026: ¥8.76B¥8.76BFY22FY23FY24FY25FY26
Operating margin16.4%
FY ending Mar 2022: 2.2%2.2%FY ending Mar 2023: 9.9%9.9%FY ending Mar 2024: 16.1%16.1%FY ending Mar 2025: 15.9%15.9%FY ending Mar 2026: 16.4%16.4%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin10.8%
Asset turnover0.52×
ROA5.7%
ROA5.7%
Financial leverage2.94×
ROE16.7%

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

Net margin10.8%
2022: 1.1%1.1%2023: 5.4%5.4%2024: 9.0%9.0%2025: 9.8%9.8%2026: 10.8%10.8%2223242526
Asset turnover0.52×
2022: 0.36×0.36×2023: 0.43×0.43×2024: 0.50×0.50×2025: 0.52×0.52×2026: 0.52×0.52×2223242526
ROA5.7%
2022: 0.4%0.4%2023: 2.3%2.3%2024: 4.5%4.5%2025: 5.1%5.1%2026: 5.7%5.7%2223242526
Financial leverage2.94×
2022: 4.22×4.22×2023: 4.11×4.11×2024: 3.73×3.73×2025: 3.28×3.28×2026: 2.94×2.94×2223242526
ROE16.7%
2022: 1.6%1.6%2023: 9.6%9.6%2024: 16.9%16.9%2025: 16.6%16.6%2026: 16.7%16.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20221.1%0.36×0.4%4.22×1.6%
20235.4%0.43×2.3%4.11×9.6%
20249.0%0.50×4.5%3.73×16.9%
20259.8%0.52×5.1%3.28×16.6%
202610.8%0.52×5.7%2.94×16.7%

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 ÷ revenue104.5%
2021: 186.1%186.1%2022: 156.9%156.9%2023: 126.6%126.6%2024: 104.6%104.6%2025: 103.2%103.2%2026: 104.5%104.5%212223242526
PPE ÷ total assets54.4%
2021: 55.8%55.8%2022: 56.0%56.0%2023: 53.9%53.9%2024: 52.8%52.8%2025: 53.3%53.3%2026: 54.4%54.4%212223242526
Goodwill ÷ parent equity0.0%
2023: 0.1%0.1%2024: 0.0%0.0%2025: 0.0%0.0%2026: 0.0%0.0%212223242526
Goodwill balance¥4.6M
2023: ¥18.4M¥18.4M2024: ¥13.8M¥13.8M2025: ¥9.2M¥9.2M2026: ¥4.6M¥4.6M212223242526

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: 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
Revenue35,08442,92550,70252,23153,517
Cost of revenue—————
Gross profit—————
SG&A1,2791,2751,4601,4201,446
Operating income7624,2438,1528,3148,762
Pretax income7233,6636,6017,5998,679
Income tax3381,2841,9142,3862,779
Net income attributable to owners3762,3194,5725,1085,799
Operating margin2.2%9.9%16.1%15.9%16.4%

Balance sheet (reported items)

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

Assets

Cash 12%
Property, plant and equipment 54%
3%
Investment securities 13%
Other assets 18%

Funding

3%
Interest-bearing debt 41%
Other liabilities 14%
Equity 42%

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¥17B¥19B¥17.8B¥16.7B¥12.3B
Total assets¥98.3B¥100.7B¥100.5B¥101.1B¥102.8B
Net assets¥24.6B¥26.8B¥32.4B¥36.8B¥43B
Share capital¥9.13B¥9.13B¥9.13B¥9.13B¥9.13B
Property, plant and equipment¥55B¥54.3B¥53B¥53.9B¥55.9B
Intangible assets excluding goodwill¥2.68B¥2.76B¥2.83B¥2.86B¥2.81B
Goodwill—¥18.4M¥13.8M¥9.2M¥4.6M
Investment securities¥6B¥6.26B¥8.18B¥8.72B¥13.1B
Current assets¥31.2B¥34.7B¥34B¥33.1B¥29.1B
Current liabilities¥16.1B¥21B¥19.8B¥22.7B¥18.2B
Trade payables¥1.7B¥2.44B¥2.75B¥2.49B¥2.82B
Short-term borrowings¥9.12B¥12.3B¥9.63B¥12.7B¥7.94B
Long-term borrowings¥45B¥41.5B¥37.5B¥30.4B¥29.2B
Bonds¥5B¥5B¥5B¥5B¥5B
Interest-bearing debt¥59.1Bderived¥58.7Bderived¥52.1Bderived¥48.1Bderived¥42.2Bderived
Total liabilities¥73.8B¥74B¥68.2B¥64.3B¥59.8B
Non-controlling interests¥851.9M¥904.2M¥1.02B¥1.1B¥1.19B
Equity attributable to owners of parent¥23.3B¥25.1B¥28.9B¥32.6B¥36.9B
Retained earnings¥12B¥13.8B¥17.6B¥21.3B¥25.6B
Treasury stock-¥1.55B-¥1.54B-¥1.55B-¥1.55B-¥1.55B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第125期(2025/04/01－2026/03/31)

    ID S100YBGE2026-06-15Open

  • EDINET (FSA Japan)

    有価証券報告書－第124期(2024/04/01－2025/03/31)

    ID S100VYIY2025-06-17Open

  • EDINET (FSA Japan)

    有価証券報告書－第123期(2023/04/01－2024/03/31)

    ID S100TOFS2024-06-20Open

  • EDINET (FSA Japan)

    有価証券報告書－第122期(2022/04/01－2023/03/31)

    ID S100R1EI2023-06-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第121期(令和3年4月1日－令和4年3月31日)

    ID S100OD8G2022-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第120期(令和2年4月1日－令和3年3月31日)

    ID S100LK7S2021-06-21Open

Extracted from XBRL: 52 / Derived from other figures: 2

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