FujimiFUJIMI INCORPORATED5384東証プライムガラス・土石製品FY ending Mar 2026, consolidated, J-GAAP

Fujimi revenue and profit

Out of every ¥100 of sales, about ¥20 is left as operating profit. Revenue changed +11.0% from the prior year, operating profit +17.4%.

Five-year trend

Revenue¥69.4B
FY ending Mar 2022: ¥51.7B¥51.7BFY ending Mar 2023: ¥58.4B¥58.4BFY ending Mar 2024: ¥51.4B¥51.4BFY ending Mar 2025: ¥62.5B¥62.5BFY ending Mar 2026: ¥69.4B¥69.4BFY22FY23FY24FY25FY26
Operating income¥13.8B
FY ending Mar 2022: ¥12.1B¥12.1BFY ending Mar 2023: ¥13.2B¥13.2BFY ending Mar 2024: ¥8.25B¥8.25BFY ending Mar 2025: ¥11.8B¥11.8BFY ending Mar 2026: ¥13.8B¥13.8BFY22FY23FY24FY25FY26
Operating margin19.9%
FY ending Mar 2022: 23.3%23.3%FY ending Mar 2023: 22.7%22.7%FY ending Mar 2024: 16.0%16.0%FY ending Mar 2025: 18.8%18.8%FY ending Mar 2026: 19.9%19.9%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin13.1%
Asset turnover0.65×
ROA8.5%
ROA8.5%
Financial leverage1.47×
ROE12.5%

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

Net margin13.1%
2022: 17.7%17.7%2023: 18.1%18.1%2024: 12.6%12.6%2025: 15.1%15.1%2026: 13.1%13.1%2223242526
Asset turnover0.65×
2022: 0.68×0.68×2023: 0.75×0.75×2024: 0.63×0.63×2025: 0.72×0.72×2026: 0.65×0.65×2223242526
ROA8.5%
2022: 12.1%12.1%2023: 13.6%13.6%2024: 8.0%8.0%2025: 10.8%10.8%2026: 8.5%8.5%2223242526
Financial leverage1.47×
2022: 1.25×1.25×2023: 1.23×1.23×2024: 1.23×1.23×2025: 1.27×1.27×2026: 1.47×1.47×2223242526
ROE12.5%
2022: 15.1%15.1%2023: 16.8%16.8%2024: 9.8%9.8%2025: 13.7%13.7%2026: 12.5%12.5%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202217.7%0.68×12.1%1.25×15.1%
202318.1%0.75×13.6%1.23×16.8%
202412.6%0.63×8.0%1.23×9.8%
202515.1%0.72×10.8%1.27×13.7%
202613.1%0.65×8.5%1.47×12.5%

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 ÷ revenue73.8%
2021: 32.4%32.4%2022: 27.5%27.5%2023: 25.4%25.4%2024: 32.7%32.7%2025: 46.7%46.7%2026: 73.8%73.8%212223242526
PPE ÷ total assets42.2%
2021: 20.6%20.6%2022: 18.8%18.8%2023: 18.5%18.5%2024: 20.3%20.3%2025: 32.1%32.1%2026: 42.2%42.2%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¥5.83B
2021: ¥4.12B¥4.12B2022: ¥4.33B¥4.33B2023: ¥4.91B¥4.91B2024: ¥5.01B¥5.01B2025: ¥5.48B¥5.48B2026: ¥5.83B¥5.83B212223242526
R&D / revenue8.4%
2021: 9.8%9.8%2022: 8.4%8.4%2023: 8.4%8.4%2024: 9.7%9.7%2025: 8.8%8.8%2026: 8.4%8.4%212223242526
Receivable days72d
2021: 79d79d2022: 82d82d2023: 70d70d2024: 87d87d2025: 75d75d2026: 72d72d212223242526
Payable days42d
2021: 46d46d2024: 42d42d2025: 44d44d2026: 42d42d212223242526

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
Revenue51,73158,39451,42362,50369,404
Cost of revenue27,34331,20629,07835,05238,192
Gross profit24,38827,18722,34527,45131,211
SG&A12,32813,94414,09315,67017,384
Operating income12,05913,2438,25111,78013,826
Pretax income12,38213,5078,71312,25113,747
Income tax3,2252,9122,2132,8084,620
Net income attributable to owners9,15610,5946,4999,4289,059
Operating margin23.3%22.7%16.0%18.8%19.9%

Balance sheet (reported items)

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

Assets

Cash 24%
Receivables 11%
Property, plant and equipment 42%
2%
5%
Other assets 16%

Funding

4%
Other liabilities 26%
Equity 70%

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¥34.4B¥35.3B¥32.6B¥23.8B¥29.5B
Total assets¥75.7B¥80.1B¥83B¥90.9B¥121.3B
Net assets¥63B¥69B¥72.6B¥76.9B¥84.7B
Share capital¥4.75B¥4.75B¥4.75B¥4.75B¥4.75B
Trade receivables¥11.6B¥11.2B¥12.2B¥12.8B¥13.7B
Property, plant and equipment¥14.2B¥14.8B¥16.8B¥29.2B¥51.2B
Intangible assets excluding goodwill¥349M¥241M¥204M¥893M¥1.64B
Investment securities¥1.84B¥2.28B¥3.23B¥3.51B¥6.08B
Current assets¥58B¥61.6B¥61.9B¥56.1B¥61.2B
Current liabilities¥11.5B¥9.65B¥9.26B¥12.5B¥18.1B
Trade payables——¥3.31B¥4.23B¥4.38B
Long-term borrowings————¥16.2B
Total liabilities¥12.7B¥11.1B¥10.4B¥14B¥36.6B
Non-controlling interests———¥776M¥844M
Equity attributable to owners of parent¥60.6B¥65.7B¥66.7B¥70.5B¥74.1B
Retained earnings¥55.7B¥60.3B¥61.3B¥65.2B¥68.7B
Treasury stock-¥6.75B-¥4.41B-¥4.42B-¥4.42B-¥4.42B

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 S100YE622026-06-19Open
  • EDINET (FSA Japan)

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

    ID S100WXSY2025-11-05Open
  • EDINET (FSA Japan)

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

    ID S100TO1U2024-06-21Open
  • EDINET (FSA Japan)

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

    ID S100QZD82023-06-22Open
  • 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 S100OIHE2022-06-29Open
  • 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 S100LLGV2021-06-24Open

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

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