FujikuraFujikura Ltd.5803東証プライム非鉄金属FY ending Mar 2026, consolidated, J-GAAP

Fujikura revenue and profit

Out of every ¥100 of sales, about ¥16 is left as operating profit. Revenue changed +20.7% from the prior year, operating profit +39.2%.

Five-year trend

Revenue¥1.18T
FY ending Mar 2022: ¥670.4B¥670.4BFY ending Mar 2023: ¥806.5B¥806.5BFY ending Mar 2024: ¥799.8B¥799.8BFY ending Mar 2025: ¥979.4B¥979.4BFY ending Mar 2026: ¥1.18T¥1.18TFY22FY23FY24FY25FY26
Operating income¥188.7B
FY ending Mar 2022: ¥38.3B¥38.3BFY ending Mar 2023: ¥70.2B¥70.2BFY ending Mar 2024: ¥69.5B¥69.5BFY ending Mar 2025: ¥135.5B¥135.5BFY ending Mar 2026: ¥188.7B¥188.7BFY22FY23FY24FY25FY26
Operating margin16.0%
FY ending Mar 2022: 5.7%5.7%FY ending Mar 2023: 8.7%8.7%FY ending Mar 2024: 8.7%8.7%FY ending Mar 2025: 13.8%13.8%FY ending Mar 2026: 16.0%16.0%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin13.3%
Asset turnover1.31×
ROA17.5%
ROA17.5%
Financial leverage2.27×
ROE39.7%

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

Net margin13.3%
2022: 5.8%5.8%2023: 5.1%5.1%2024: 6.4%6.4%2025: 9.3%9.3%2026: 13.3%13.3%2223242526
Asset turnover1.31×
2022: 1.10×1.10×2023: 1.27×1.27×2024: 1.16×1.16×2025: 1.26×1.26×2026: 1.31×1.31×2223242526
ROA17.5%
2022: 6.4%6.4%2023: 6.4%6.4%2024: 7.4%7.4%2025: 11.7%11.7%2026: 17.5%17.5%2223242526
Financial leverage2.27×
2022: 3.10×3.10×2023: 2.96×2.96×2024: 2.75×2.75×2025: 2.55×2.55×2026: 2.27×2.27×2223242526
ROE39.7%
2022: 19.8%19.8%2023: 19.1%19.1%2024: 20.3%20.3%2025: 29.9%29.9%2026: 39.7%39.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20225.8%1.10×6.4%3.10×19.8%
20235.1%1.27×6.4%2.96×19.1%
20246.4%1.16×7.4%2.75×20.3%
20259.3%1.26×11.7%2.55×29.9%
202613.3%1.31×17.5%2.27×39.7%

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 ÷ revenue16.7%
2021: 28.6%28.6%2022: 26.0%26.0%2023: 20.2%20.2%2024: 20.7%20.7%2025: 17.5%17.5%2026: 16.7%16.7%212223242526
PPE ÷ total assets20.3%
2021: 32.3%32.3%2022: 28.5%28.5%2023: 24.8%24.8%2024: 22.9%22.9%2025: 20.6%20.6%2026: 20.3%20.3%212223242526
Goodwill ÷ parent equity1.7%
2021: 4.0%4.0%2022: 3.5%3.5%2023: 2.7%2.7%2024: 3.7%3.7%2025: 2.5%2.5%2026: 1.7%1.7%212223242526
Goodwill balance¥7.49B
2021: ¥6.26B¥6.26B2022: ¥6.88B¥6.88B2023: ¥6.33B¥6.33B2024: ¥10.1B¥10.1B2025: ¥8.53B¥8.53B2026: ¥7.49B¥7.49B212223242526

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¥16.8B
2021: ¥16.5B¥16.5B2022: ¥16.4B¥16.4B2023: ¥15B¥15B2024: ¥17.1B¥17.1B2025: ¥18.4B¥18.4B2026: ¥16.8B¥16.8B212223242526
R&D / revenue1.4%
2021: 2.6%2.6%2022: 2.4%2.4%2023: 1.9%1.9%2024: 2.1%2.1%2025: 1.9%1.9%2026: 1.4%1.4%212223242526
Receivable days—
2021: 70d70d212223242526
Payable days54d
2021: 47d47d2022: 48d48d2023: 43d43d2024: 45d45d2025: 53d53d2026: 54d54d212223242526

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
Revenue670,350806,453799,760979,3751,182,358
Cost of revenue543,762635,434629,053718,931850,075
Gross profit126,588171,019170,707260,444332,283
SG&A88,300100,856101,223124,925143,576
Operating income38,28870,16369,483135,519188,707
Pretax income51,67550,74264,215121,400204,613
Income tax11,5458,17411,10326,93042,565
Net income attributable to owners39,10140,89151,01191,123157,163
Operating margin5.7%8.7%8.7%13.8%16.0%

Balance sheet (reported items)

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

Assets

Cash 18%
Property, plant and equipment 20%
3%
5%
Other assets 54%

Funding

Trade payables 13%
8%
Other liabilities 18%
Equity 61%

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¥90.4B¥106.6B¥147B¥184.2B¥178.9B
Total assets¥611.5B¥656.8B¥723.9B¥830.3B¥969.5B
Net assets¥243.7B¥294.4B¥366.6B¥435.3B¥593.2B
Share capital¥53.1B¥53.1B¥53.1B¥53.1B¥53.1B
Property, plant and equipment¥174.1B¥163.2B¥165.7B¥171.4B¥196.9B
Intangible assets excluding goodwill¥15.4B¥15.1B¥20.4B¥18.3B¥18.1B
Goodwill¥6.88B¥6.33B¥10.1B¥8.53B¥7.49B
Investment securities¥29.1B¥30.4B¥35.2B¥34.3B¥48.3B
Current assets¥369.1B¥418.4B¥467.3B¥561.3B¥657.6B
Current liabilities¥198.4B¥182B¥200.3B¥281.1B¥277.9B
Trade payables¥71.8B¥74.7B¥78B¥104.9B¥126.8B
Short-term borrowings¥71B¥41.4B¥49.6B¥76.9B¥24.7B
Long-term borrowings¥110.5B¥121.5B¥108B¥50.3B¥40.3B
Bonds¥30B¥20B¥10B¥20B¥10B
Interest-bearing debt¥211.5Bderived¥182.9Bderived¥167.6Bderived¥147.1Bderived¥75Bderived
Total liabilities¥367.9B¥362.4B¥357.3B¥395B¥376.3B
Non-controlling interests¥23.2B¥23.8B¥25.5B¥27.8B¥32.8B
Equity attributable to owners of parent¥197.1B¥230.8B¥270.5B¥339.8B¥452.5B
Retained earnings¥126.5B¥161.7B¥201.8B¥272.8B¥385.3B
Treasury stock-¥10.6B-¥10.5B-¥10.5B-¥10.4B-¥10.4B

Sources

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

    有価証券報告書-第178期(2025/04/01-2026/03/31)

    ID S100YGP32026-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第177期(2024/04/01-2025/03/31)

    ID S100W6LJ2025-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第176期(2023/04/01-2024/03/31)

    ID S100TU5R2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第175期(2022/04/01-2023/03/31)

    ID S100RHOT2023-07-31Open
  • EDINET (FSA Japan)

    有価証券報告書-第174期(令和3年4月1日-令和4年3月31日)

    ID S100OL6D2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第173期(令和2年4月1日-令和3年3月31日)

    ID S100LV4N2021-06-30Open

Extracted from XBRL: 54 / Derived from other figures: 2

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