Fuji SeikiFUJI SEIKI CO.,LTD.6400東証スタンダード機械FY ending Dec 2025, consolidated, J-GAAP

Fuji Seiki revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed +5.7% from the prior year, operating profit +17.1%.

Five-year trend

Revenue¥8.72B
FY ending Dec 2021: ¥7.47B¥7.47BFY ending Dec 2022: ¥7.83B¥7.83BFY ending Dec 2023: ¥8.26B¥8.26BFY ending Dec 2024: ¥8.25B¥8.25BFY ending Dec 2025: ¥8.72B¥8.72BFY21FY22FY23FY24FY25
Operating income¥474.1M
FY ending Dec 2021: ¥605.5M¥605.5MFY ending Dec 2022: ¥482.9M¥482.9MFY ending Dec 2023: ¥425M¥425MFY ending Dec 2024: ¥404.9M¥404.9MFY ending Dec 2025: ¥474.1M¥474.1MFY21FY22FY23FY24FY25
Operating margin5.4%
FY ending Dec 2021: 8.1%8.1%FY ending Dec 2022: 6.2%6.2%FY ending Dec 2023: 5.1%5.1%FY ending Dec 2024: 4.9%4.9%FY ending Dec 2025: 5.4%5.4%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin2.6%
Asset turnover0.91×
ROA2.4%
ROA2.4%
Financial leverage3.92×
ROE9.4%

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

Net margin2.6%
2021: 6.8%6.8%2022: 4.3%4.3%2023: 2.8%2.8%2024: 1.7%1.7%2025: 2.6%2.6%2122232425
Asset turnover0.91×
2021: 0.91×0.91×2022: 0.92×0.92×2023: 0.96×0.96×2024: 0.92×0.92×2025: 0.91×0.91×2122232425
ROA2.4%
2021: 6.2%6.2%2022: 4.0%4.0%2023: 2.7%2.7%2024: 1.6%1.6%2025: 2.4%2.4%2122232425
Financial leverage3.92×
2021: 4.53×4.53×2022: 4.33×4.33×2023: 3.93×3.93×2024: 3.85×3.85×2025: 3.92×3.92×2122232425
ROE9.4%
2021: 28.0%28.0%2022: 17.3%17.3%2023: 10.6%10.6%2024: 6.0%6.0%2025: 9.4%9.4%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20216.8%0.91×6.2%4.53×28.0%
20224.3%0.92×4.0%4.33×17.3%
20232.8%0.96×2.7%3.93×10.6%
20241.7%0.92×1.6%3.85×6.0%
20252.6%0.91×2.4%3.92×9.4%

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 ÷ revenue47.1%
2020: 59.1%59.1%2021: 48.6%48.6%2022: 48.3%48.3%2023: 45.8%45.8%2024: 49.5%49.5%2025: 47.1%47.1%202122232425
PPE ÷ total assets41.9%
2020: 46.9%46.9%2021: 44.4%44.4%2022: 43.1%43.1%2023: 44.5%44.5%2024: 43.3%43.3%2025: 41.9%41.9%202122232425
Goodwill ÷ parent equity0.6%
2020: 2.4%2.4%2021: 1.7%1.7%2022: 1.3%1.3%2023: 1.0%1.0%2024: 0.8%0.8%2025: 0.6%0.6%202122232425
Goodwill balance¥15.5M
2020: ¥34.9M¥34.9M2021: ¥31M¥31M2022: ¥27.1M¥27.1M2023: ¥23.3M¥23.3M2024: ¥19.4M¥19.4M2025: ¥15.5M¥15.5M202122232425

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¥159.7M
2020: ¥24.8M¥24.8M2021: ¥31.4M¥31.4M2022: ¥18.5M¥18.5M2023: ¥36.6M¥36.6M2024: ¥86.5M¥86.5M2025: ¥159.7M¥159.7M202122232425
R&D / revenue1.8%
2020: 0.4%0.4%2021: 0.4%0.4%2022: 0.2%0.2%2023: 0.4%0.4%2024: 1.0%1.0%2025: 1.8%1.8%202122232425
Receivable days—
2020: 63d63d2021: 59d59d202122232425
Payable days38d
2020: 46d46d2021: 61d61d2022: 58d58d2023: 42d42d2024: 43d43d2025: 38d38d202122232425

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 Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue7,4687,8338,2648,2518,719
Cost of revenue5,7266,2826,6836,6506,918
Gross profit1,7421,5511,5801,6011,801
SG&A1,1371,0681,1551,1961,327
Operating income606483425405474
Pretax income693474395314367
Income tax151136162174136
Net income attributable to owners506339233139231
Operating margin8.1%6.2%5.1%4.9%5.4%

Balance sheet (reported items)

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

Assets

Cash 19%
Property, plant and equipment 42%
2%
2%
Other assets 35%

Funding

7%
Other liabilities 55%
Equity 38%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥899.1M¥939.2M¥1.16B¥1.46B¥1.87B
Total assets¥8.18B¥8.79B¥8.5B¥9.44B¥9.8B
Net assets¥2.2B¥2.8B¥3.18B¥3.51B¥3.7B
Share capital¥500M¥500M¥500M¥500M¥500M
Trade receivables¥1.2B————
Property, plant and equipment¥3.63B¥3.78B¥3.79B¥4.09B¥4.1B
Intangible assets excluding goodwill¥104.9M¥125.1M¥168.3M¥164.8M¥143.2M
Goodwill¥31M¥27.1M¥23.3M¥19.4M¥15.5M
Investment securities¥183.7M¥141.6M¥184.5M¥212.9M¥191.7M
Current assets¥4.04B¥4.58B¥4.18B¥4.78B¥5.17B
Current liabilities¥4.83B¥4.14B¥3.66B¥4.02B¥3.72B
Trade payables¥959.8M¥1B¥762.5M¥779M¥727.3M
Short-term borrowings¥2.56B¥1.89B¥1.86B¥1.8B¥1.62B
Long-term borrowings¥836.4M¥1.59B¥1.39B¥1.6B¥2.05B
Total liabilities¥5.98B¥5.99B¥5.32B¥5.93B¥6.09B
Equity attributable to owners of parent¥1.8B¥2.11B¥2.29B¥2.37B¥2.54B
Retained earnings¥834.2M¥1.09B¥1.27B¥1.35B¥1.53B
Treasury stock-¥268.4M-¥233.3M-¥233.3M-¥233.3M-¥233.3M

Sources

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

    有価証券報告書-第61期(2025/01/01-2025/12/31)

    ID S100XUJ92026-03-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第60期(2024/01/01-2024/12/31)

    ID S100VHCQ2025-03-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第59期(2023/01/01-2023/12/31)

    ID S100T58C2024-03-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第58期(2022/01/01-2022/12/31)

    ID S100QHQT2023-03-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第57期(令和3年1月1日-令和3年12月31日)

    ID S100NR982022-03-31Open
  • EDINET (FSA Japan)

    有価証券報告書-第56期(令和2年1月1日-令和2年12月31日)

    ID S100KZHN2021-03-31Open

Extracted from XBRL: 51 / Derived from other figures: 1

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