FujiFUJI CORPORATION6134東証プライム機械FY ending Mar 2026, consolidated, J-GAAP

Fuji revenue and profit

Out of every ¥100 of sales, about ¥16 is left as operating profit. Revenue changed +41.8% from the prior year, operating profit +112.5%.

Five-year trend

Revenue¥180.6B
FY ending Mar 2022: ¥148.1B¥148.1BFY ending Mar 2023: ¥153.3B¥153.3BFY ending Mar 2024: ¥127.1B¥127.1BFY ending Mar 2025: ¥127.4B¥127.4BFY ending Mar 2026: ¥180.6B¥180.6BFY22FY23FY24FY25FY26
Operating income¥29.3B
FY ending Mar 2022: ¥28.5B¥28.5BFY ending Mar 2023: ¥27.1B¥27.1BFY ending Mar 2024: ¥13.4B¥13.4BFY ending Mar 2025: ¥13.8B¥13.8BFY ending Mar 2026: ¥29.3B¥29.3BFY22FY23FY24FY25FY26
Operating margin16.2%
FY ending Mar 2022: 19.2%19.2%FY ending Mar 2023: 17.7%17.7%FY ending Mar 2024: 10.6%10.6%FY ending Mar 2025: 10.8%10.8%FY ending Mar 2026: 16.2%16.2%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin8.7%
Asset turnover0.69×
ROA6.0%
ROA6.0%
Financial leverage1.30×
ROE7.8%

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

Net margin8.7%
2022: 14.3%14.3%2023: 13.3%13.3%2024: 8.2%8.2%2025: 8.6%8.6%2026: 8.7%8.7%2223242526
Asset turnover0.69×
2022: 0.61×0.61×2023: 0.62×0.62×2024: 0.50×0.50×2025: 0.51×0.51×2026: 0.69×0.69×2223242526
ROA6.0%
2022: 8.7%8.7%2023: 8.2%8.2%2024: 4.1%4.1%2025: 4.4%4.4%2026: 6.0%6.0%2223242526
Financial leverage1.30×
2022: 1.24×1.24×2023: 1.22×1.22×2024: 1.22×1.22×2025: 1.23×1.23×2026: 1.30×1.30×2223242526
ROE7.8%
2022: 10.8%10.8%2023: 10.1%10.1%2024: 5.1%5.1%2025: 5.4%5.4%2026: 7.8%7.8%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202214.3%0.61×8.7%1.24×10.8%
202313.3%0.62×8.2%1.22×10.1%
20248.2%0.50×4.1%1.22×5.1%
20258.6%0.51×4.4%1.23×5.4%
20268.7%0.69×6.0%1.30×7.8%

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 ÷ revenue20.9%
2021: 17.9%17.9%2022: 17.8%17.8%2023: 18.4%18.4%2024: 26.5%26.5%2025: 29.9%29.9%2026: 20.9%20.9%212223242526
PPE ÷ total assets13.5%
2021: 10.8%10.8%2022: 10.8%10.8%2023: 11.1%11.1%2024: 13.4%13.4%2025: 15.6%15.6%2026: 13.5%13.5%212223242526
Goodwill ÷ parent equity—
2021: 6.5%6.5%2022: 5.9%5.9%2023: 5.0%5.0%2024: 4.6%4.6%2025: 4.1%4.1%212223242526
Goodwill balance—
2021: ¥11.9B¥11.9B2022: ¥11.6B¥11.6B2023: ¥10.6B¥10.6B2024: ¥9.42B¥9.42B2025: ¥8.09B¥8.09B212223242526

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¥8.51B
2021: ¥9.01B¥9.01B2022: ¥8.11B¥8.11B2023: ¥8.61B¥8.61B2024: ¥8.23B¥8.23B2025: ¥7.73B¥7.73B2026: ¥8.51B¥8.51B212223242526
R&D / revenue4.7%
2021: 6.6%6.6%2022: 5.5%5.5%2023: 5.6%5.6%2024: 6.5%6.5%2025: 6.1%6.1%2026: 4.7%4.7%212223242526
Receivable days132d
2021: 98d98d2022: 96d96d2023: 100d100d2024: 93d93d2025: 100d100d2026: 132d132d212223242526
Payable days47d
2021: 47d47d2022: 51d51d2023: 36d36d2024: 28d28d2025: 35d35d2026: 47d47d212223242526

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
Revenue148,128153,326127,059127,387180,642
Cost of revenue89,63792,67380,82380,750114,367
Gross profit58,49160,65246,23646,63666,275
SG&A30,01833,54432,81432,85536,993
Operating income28,47227,10813,42113,78129,282
Pretax income30,10129,32215,01816,27124,641
Income tax8,9018,8754,5885,3518,885
Net income attributable to owners21,18820,45410,43810,90615,733
Operating margin19.2%17.7%10.6%10.8%16.2%

Balance sheet (reported items)

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

Assets

Cash 19%
Receivables 23%
Property, plant and equipment 14%
5%
8%
Other assets 31%

Funding

5%
Other liabilities 11%
Equity 84%

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¥59.5B¥60B¥62.5B¥58B¥53.2B
Total assets¥243.3B¥254.2B¥250.9B¥244.3B¥278.4B
Net assets¥208.8B¥225.1B¥228.3B¥218.7B¥232.5B
Share capital¥5.88B¥5.88B¥5.88B¥5.88B¥5.88B
Trade receivables¥39B¥42.1B¥32.2B¥34.8B¥65.3B
Property, plant and equipment¥26.3B¥28.3B¥33.7B¥38.1B¥37.7B
Intangible assets excluding goodwill¥25.8B¥24.3B¥23.6B¥22.7B¥13.8B
Goodwill¥11.6B¥10.6B¥9.42B¥8.09B—
Investment securities¥20.4B¥19.8B¥25.9B¥21B¥21.9B
Current assets¥166B¥176.8B¥161.4B¥155.4B¥195.5B
Current liabilities¥33B¥27.6B¥18.4B¥22.3B¥43.4B
Trade payables¥12.5B¥9.08B¥6.11B¥7.84B¥14.8B
Total liabilities¥34.5B¥29.1B¥22.7B¥25.6B¥45.9B
Non-controlling interests¥117M¥116M¥114M¥120M¥136M
Equity attributable to owners of parent¥196.6B¥209.9B¥203.3B¥198.1B¥205B
Retained earnings¥185.3B¥198.5B¥201.3B¥204.9B¥213.5B
Treasury stock-¥1.66B-¥1.63B-¥11B-¥19.7B-¥21.7B

Sources

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

    有価証券報告書-第80期(2025/04/01-2026/03/31)

    ID S100YKAW2026-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第79期(2024/04/01-2025/03/31)

    ID S100W95P2025-06-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第78期(2023/04/01-2024/03/31)

    ID S100TXFJ2024-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第77期(2022/04/01-2023/03/31)

    ID S100R5T42023-06-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第76期(令和3年4月1日-令和4年3月31日)

    ID S100OIKV2022-06-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第75期(令和2年4月1日-令和3年3月31日)

    ID S100LCUK2021-06-30Open

Extracted from XBRL: 52 / Derived from other figures: 1

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