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Fuji SeikoFUJI SEIKO LIMITED6142名古屋証券取引所機械FY ending Feb 2026, consolidated, J-GAAP

Fuji Seiko revenue and profit

Out of every ¥100 of sales, about ¥1 is left as operating profit. Revenue changed +4.2% from the prior year, and it swung back to an operating profit.

Five-year trend

Revenue¥20.5B
FY ending Feb 2022: ¥20.1B¥20.1BFY ending Feb 2023: ¥19.7B¥19.7BFY ending Feb 2024: ¥21.4B¥21.4BFY ending Feb 2025: ¥19.6B¥19.6BFY ending Feb 2026: ¥20.5B¥20.5BFY22FY23FY24FY25FY26
Operating income¥233.8M
FY ending Feb 2022: ¥359.6M¥359.6MFY ending Feb 2023: ¥59.1M¥59.1MFY ending Feb 2024: ¥431.3M¥431.3MFY ending Feb 2025: -¥368.2M-¥368.2MFY ending Feb 2026: ¥233.8M¥233.8MFY22FY23FY24FY25FY26
Operating margin1.1%
FY ending Feb 2022: 1.8%1.8%FY ending Feb 2023: 0.3%0.3%FY ending Feb 2024: 2.0%2.0%FY ending Feb 2025: -1.9%-1.9%FY ending Feb 2026: 1.1%1.1%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin3.4%
Asset turnover0.77×
ROA2.6%
ROA2.6%
Financial leverage1.71×
ROE4.5%

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

Net margin3.4%
2022: 3.3%3.3%2023: 1.0%1.0%2024: 0.8%0.8%2026: 3.4%3.4%2223242526
Asset turnover0.77×
2022: 0.75×0.75×2023: 0.72×0.72×2024: 0.75×0.75×2026: 0.77×0.77×2223242526
ROA2.6%
2022: 2.5%2.5%2023: 0.7%0.7%2024: 0.6%0.6%2025: -14.0%-14.0%2026: 2.6%2.6%2223242526
Financial leverage1.71×
2022: 1.35×1.35×2023: 1.38×1.38×2024: 1.43×1.43×2026: 1.71×1.71×2223242526
ROE4.5%
2022: 3.3%3.3%2023: 0.9%0.9%2024: 0.9%0.9%2026: 4.5%4.5%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.3%0.75×2.5%1.35×3.3%
20231.0%0.72×0.7%1.38×0.9%
20240.8%0.75×0.6%1.43×0.9%
2025——×-14.0%—×—
20263.4%0.77×2.6%1.71×4.5%

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 ÷ revenue30.7%
2021: 45.1%45.1%2022: 41.3%41.3%2023: 42.1%42.1%2024: 37.0%37.0%2025: 29.5%29.5%2026: 30.7%30.7%212223242526
PPE ÷ total assets22.3%
2021: 30.5%30.5%2022: 30.8%30.8%2023: 29.5%29.5%2024: 27.6%27.6%2025: 23.1%23.1%2026: 22.3%22.3%212223242526

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¥98M
2021: ¥99M¥99M2022: ¥113M¥113M2023: ¥114M¥114M2024: ¥91M¥91M2025: ¥95M¥95M2026: ¥98M¥98M212223242526
R&D / revenue0.5%
2021: 0.6%0.6%2022: 0.6%0.6%2023: 0.6%0.6%2024: 0.4%0.4%2025: 0.5%0.5%2026: 0.5%0.5%212223242526
Receivable days52d
2021: 70d70d2022: 53d53d2023: 55d55d2024: 55d55d2025: 50d50d2026: 52d52d212223242526
Payable days18d
2021: 32d32d2022: 23d23d2023: 23d23d2024: 22d22d2025: 20d20d2026: 18d18d212223242526

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 Feb 2022FY ending Feb 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Revenue20,10119,74721,42519,64820,465
Cost of revenue15,60615,33716,50615,51715,737
Gross profit4,4954,4114,9184,1314,728
SG&A4,1354,3524,4874,5004,494
Operating income36059431-368234
Pretax income1,046477263-3,3851,120
Income tax280206393422396
Net income attributable to owners666189174-3,762693
Operating margin1.8%0.3%2.0%-1.9%1.1%

Balance sheet (reported items)

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

Assets

Cash 34%
Receivables 10%
Property, plant and equipment 22%
0%
Investment securities 12%
Other assets 22%

Funding

3%
Other liabilities 18%
Equity 79%

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

ItemFY ending Feb 2022FY ending Feb 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Cash and equivalents¥8.69B¥8.28B¥9.04B¥8.84B¥9.56B
Total assets¥26.9B¥28.1B¥28.7B¥25.1B¥28.3B
Net assets¥22.3B¥23.8B¥24.4B¥20.4B¥22.3B
Share capital¥2.88B¥2.88B¥2.88B¥2.88B¥2.88B
Trade receivables¥2.9B¥2.99B¥3.2B¥2.68B¥2.89B
Property, plant and equipment¥8.3B¥8.31B¥7.92B¥5.8B¥6.29B
Intangible assets excluding goodwill¥470.1M¥613.9M¥815.6M¥55.6M¥72.9M
Investment securities¥1.24B¥1.59B¥1.89B¥1.76B¥3.29B
Current assets¥16.2B¥16.6B¥17.2B¥16B¥16.4B
Current liabilities¥3.24B¥3.29B¥3.2B¥2.98B¥3.19B
Trade payables¥981.1M¥958.9M¥1.01B¥833.7M¥768.9M
Short-term borrowings¥388.9M¥433.9M¥453.5M¥587.4M¥819.7M
Long-term borrowings¥128.9M¥82.5M¥62.4M¥126.3M¥128.8M
Total liabilities¥4.65B¥4.39B¥4.29B¥4.69B¥5.93B
Non-controlling interests¥2.4B¥2.57B¥2.4B¥1.51B¥1.59B
Equity attributable to owners of parent¥19.9B¥19.9B¥19.9B¥15.5B¥15.6B
Retained earnings¥13.9B¥13.9B¥13.9B¥9.97B¥10.6B
Treasury stock-¥1.04B-¥1.04B-¥1.04B-¥1.04B-¥1.51B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第68期(2025/03/01－2026/02/28)

    ID S100Y6NR2026-05-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第67期(2024/03/01－2025/02/28)

    ID S100VU312025-05-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第66期(2023/03/01－2024/02/29)

    ID S100TJ0L2024-05-30Open

  • EDINET (FSA Japan)

    有価証券報告書－第65期(2022/03/01－2023/02/28)

    ID S100QTGK2023-05-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第64期(令和3年3月1日－令和4年2月28日)

    ID S100O3252022-05-19Open

  • EDINET (FSA Japan)

    有価証券報告書－第63期(令和2年3月1日－令和3年2月28日)

    ID S100LD8A2021-05-20Open

Extracted from XBRL: 54 / Derived from other figures: 1

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