Fuji P.SFUJI P.S CORPORATION1848東証スタンダード建設業FY ending Mar 2026, consolidated, J-GAAP

Fuji P.S revenue and profit

Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed -4.6% from the prior year, operating profit +79.4%.

Five-year trend

Revenue¥32.2B
FY ending Mar 2022: ¥27.3B¥27.3BFY ending Mar 2023: ¥26.8B¥26.8BFY ending Mar 2024: ¥28.6B¥28.6BFY ending Mar 2025: ¥33.8B¥33.8BFY ending Mar 2026: ¥32.2B¥32.2BFY22FY23FY24FY25FY26
Operating income¥1.59B
FY ending Mar 2022: ¥1.05B¥1.05BFY ending Mar 2023: ¥221M¥221MFY ending Mar 2024: ¥564M¥564MFY ending Mar 2025: ¥885M¥885MFY ending Mar 2026: ¥1.59B¥1.59BFY22FY23FY24FY25FY26
Operating margin4.9%
FY ending Mar 2022: 3.8%3.8%FY ending Mar 2023: 0.8%0.8%FY ending Mar 2024: 2.0%2.0%FY ending Mar 2025: 2.6%2.6%FY ending Mar 2026: 4.9%4.9%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin3.1%
Asset turnover0.88×
ROA2.7%
ROA2.7%
Financial leverage2.95×
ROE8.0%

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

Net margin3.1%
2022: 2.8%2.8%2023: 0.5%0.5%2024: 1.5%1.5%2025: 6.5%6.5%2026: 3.1%3.1%2223242526
Asset turnover0.88×
2022: 0.98×0.98×2023: 0.95×0.95×2024: 0.91×0.91×2025: 0.95×0.95×2026: 0.88×0.88×2223242526
ROA2.7%
2022: 2.8%2.8%2023: 0.4%0.4%2024: 1.3%1.3%2025: 6.1%6.1%2026: 2.7%2.7%2223242526
Financial leverage2.95×
2022: 2.81×2.81×2023: 2.87×2.87×2024: 3.13×3.13×2025: 3.22×3.22×2026: 2.95×2.95×2223242526
ROE8.0%
2022: 7.8%7.8%2023: 1.2%1.2%2024: 4.2%4.2%2025: 19.7%19.7%2026: 8.0%8.0%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20222.8%0.98×2.8%2.81×7.8%
20230.5%0.95×0.4%2.87×1.2%
20241.5%0.91×1.3%3.13×4.2%
20256.5%0.95×6.1%3.22×19.7%
20263.1%0.88×2.7%2.95×8.0%

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 ÷ revenue26.0%
2022: 25.9%25.9%2023: 28.9%28.9%2024: 30.0%30.0%2025: 24.0%24.0%2026: 26.0%26.0%2223242526
PPE ÷ total assets23.6%
2022: 25.5%25.5%2023: 27.0%27.0%2024: 25.5%25.5%2025: 21.4%21.4%2026: 23.6%23.6%2223242526
Goodwill ÷ parent equity2.2%
2022: 4.7%4.7%2023: 4.3%4.3%2024: 3.7%3.7%2025: 2.7%2.7%2026: 2.2%2.2%2223242526
Goodwill balance¥276M
2022: ¥468M¥468M2023: ¥420M¥420M2024: ¥372M¥372M2025: ¥324M¥324M2026: ¥276M¥276M2223242526

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¥125M
2022: ¥104M¥104M2023: ¥154M¥154M2024: ¥146M¥146M2025: ¥132M¥132M2026: ¥125M¥125M2223242526
R&D / revenue0.4%
2022: 0.4%0.4%2023: 0.6%0.6%2024: 0.5%0.5%2025: 0.4%0.4%2026: 0.4%0.4%2223242526

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
Revenue27,30126,84328,56633,77132,230
Cost of revenue23,02923,47024,79329,46027,102
Gross profit4,2713,3723,7724,3115,128
SG&A3,2223,1513,2083,4253,539
Operating income1,0482215648851,588
Pretax income1,1112266563,1041,424
Income tax336102241916430
Net income attributable to owners7751234152,187993
Operating margin3.8%0.8%2.0%2.6%4.9%

Balance sheet (reported items)

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

Assets

5%
Property, plant and equipment 24%
2%
1%
Other assets 68%

Funding

Interest-bearing debt 30%
Other liabilities 33%
Equity 37%

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¥3.25B¥2.32B¥2.2B¥3.08B¥1.95B
Total assets¥27.8B¥28.8B¥33.7B¥37.8B¥35.6B
Net assets¥9.83B¥9.93B¥10.4B¥12.3B¥13.1B
Share capital¥2.38B¥2.38B¥2.38B¥2.38B¥2.38B
Property, plant and equipment¥7.07B¥7.76B¥8.57B¥8.1B¥8.39B
Intangible assets excluding goodwill¥547M¥518M¥509M¥460M¥461M
Goodwill¥468M¥420M¥372M¥324M¥276M
Investment securities¥162M¥159M¥164M¥159M¥174M
Current assets¥19.1B¥19.4B¥23.3B¥27.9B¥25.4B
Current liabilities¥14.8B¥16.5B¥20.3B¥23.9B¥21B
Short-term borrowings¥3.05B¥5.14B¥7.05B¥10.1B¥9.96B
Long-term borrowings¥1.83B¥1.24B¥1.91B¥612M¥555M
Bonds¥72M¥63M¥54M¥45M¥36M
Interest-bearing debt¥4.95Bderived¥6.45Bderived¥9.02Bderived¥10.8Bderived¥10.5Bderived
Total liabilities¥18B¥18.9B¥23.3B¥25.4B¥22.5B
Equity attributable to owners of parent¥9.88B¥9.84B¥10.1B¥12.1B¥12.8B
Retained earnings¥6.1B¥6.06B¥6.32B¥8.31B¥9.07B
Treasury stock-¥376M-¥376M-¥357M-¥395M-¥389M

Sources

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

    有価証券報告書-第74期(2025/04/01-2026/03/31)

    ID S100YG4M2026-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第73期(2024/04/01-2025/03/31)

    ID S100VZ7H2025-06-18Open
  • EDINET (FSA Japan)

    有価証券報告書-第72期(2023/04/01-2024/03/31)

    ID S100TQJO2024-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第71期(2022/04/01-2023/03/31)

    ID S100R1GR2023-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第70期(令和3年4月1日-令和4年3月31日)

    ID S100ODK52022-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第69期(令和2年4月1日-令和3年3月31日)

    ID S100LMZC2021-06-23Open

Extracted from XBRL: 50 / Derived from other figures: 2

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