FujisashFUJISASH CO.,LTD.5940東証スタンダード金属製品FY ending Mar 2026, consolidated, J-GAAP

Fujisash revenue and profit

Out of every ¥100 of sales, about ¥3 is left as operating profit. Revenue changed -3.1% from the prior year, operating profit +12.2%.

Five-year trend

Revenue¥101.5B
FY ending Mar 2022: ¥90.4B¥90.4BFY ending Mar 2023: ¥101.7B¥101.7BFY ending Mar 2024: ¥101.3B¥101.3BFY ending Mar 2025: ¥104.8B¥104.8BFY ending Mar 2026: ¥101.5B¥101.5BFY22FY23FY24FY25FY26
Operating income¥2.78B
FY ending Mar 2022: ¥885M¥885MFY ending Mar 2023: ¥735M¥735MFY ending Mar 2024: ¥1.77B¥1.77BFY ending Mar 2025: ¥2.48B¥2.48BFY ending Mar 2026: ¥2.78B¥2.78BFY22FY23FY24FY25FY26
Operating margin2.7%
FY ending Mar 2022: 1.0%1.0%FY ending Mar 2023: 0.7%0.7%FY ending Mar 2024: 1.8%1.8%FY ending Mar 2025: 2.4%2.4%FY ending Mar 2026: 2.7%2.7%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin2.0%
Asset turnover1.19×
ROA2.4%
ROA2.4%
Financial leverage4.11×
ROE9.8%

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

Net margin2.0%
2023: 0.3%0.3%2024: 1.7%1.7%2025: 2.1%2.1%2026: 2.0%2.0%2223242526
Asset turnover1.19×
2023: 1.19×1.19×2024: 1.15×1.15×2025: 1.21×1.21×2026: 1.19×1.19×2223242526
ROA2.4%
2022: -4.0%-4.0%2023: 0.4%0.4%2024: 1.9%1.9%2025: 2.6%2.6%2026: 2.4%2.4%2223242526
Financial leverage4.11×
2023: 5.23×5.23×2024: 5.14×5.14×2025: 4.58×4.58×2026: 4.11×4.11×2223242526
ROE9.8%
2023: 2.1%2.1%2024: 10.0%10.0%2025: 11.7%11.7%2026: 9.8%9.8%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×-4.0%—×—
20230.3%1.19×0.4%5.23×2.1%
20241.7%1.15×1.9%5.14×10.0%
20252.1%1.21×2.6%4.58×11.7%
20262.0%1.19×2.4%4.11×9.8%

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 ÷ revenue30.3%
2021: 31.9%31.9%2022: 28.1%28.1%2023: 26.0%26.0%2024: 27.0%27.0%2025: 26.2%26.2%2026: 30.3%30.3%212223242526
PPE ÷ total assets35.7%
2021: 32.1%32.1%2022: 30.5%30.5%2023: 30.3%30.3%2024: 30.5%30.5%2025: 32.6%32.6%2026: 35.7%35.7%212223242526
Goodwill ÷ parent equity0.0%
2021: 1.2%1.2%2022: 1.2%1.2%2023: 0.9%0.9%2024: 0.5%0.5%2025: 0.2%0.2%2026: 0.0%0.0%212223242526
Goodwill balance¥3M
2021: ¥232M¥232M2022: ¥187M¥187M2023: ¥141M¥141M2024: ¥95M¥95M2025: ¥49M¥49M2026: ¥3M¥3M212223242526

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¥1.27B
2021: ¥1.5B¥1.5B2022: ¥1.3B¥1.3B2023: ¥1.31B¥1.31B2024: ¥1.31B¥1.31B2025: ¥1.31B¥1.31B2026: ¥1.27B¥1.27B212223242526
R&D / revenue1.3%
2021: 1.6%1.6%2022: 1.4%1.4%2023: 1.3%1.3%2024: 1.3%1.3%2025: 1.3%1.3%2026: 1.3%1.3%212223242526
Receivable days—
2021: 58d58d212223242526
Payable days33d
2021: 62d62d2022: 67d67d2023: 57d57d2024: 50d50d2025: 37d37d2026: 33d33d212223242526

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
Revenue90,430101,700101,260104,754101,470
Cost of revenue76,69787,94685,64688,41284,751
Gross profit13,73213,75315,61316,34216,719
SG&A12,84713,01713,84013,86613,941
Operating income8857351,7732,4752,778
Pretax income-2,6064672,0702,8432,827
Income tax708116343618785
Net income attributable to owners-3,3263381,7142,2252,032
Operating margin1.0%0.7%1.8%2.4%2.7%

Balance sheet (reported items)

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

Assets

Cash 14%
Property, plant and equipment 36%
1%
5%
Other assets 44%

Funding

Trade payables 9%
Interest-bearing debt 28%
Other liabilities 33%
Equity 30%

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¥13.6B¥13.5B¥15.6B¥12.1B¥12.4B
Total assets¥83.3B¥87.2B¥89.4B¥84.3B¥86.2B
Net assets¥18.1B¥18.6B¥21B¥23.6B¥25.8B
Share capital¥1.71B¥1.71B¥1.71B¥1.71B¥1.71B
Property, plant and equipment¥25.4B¥26.4B¥27.3B¥27.4B¥30.7B
Intangible assets excluding goodwill¥550M¥688M¥682M¥653M¥1.07B
Goodwill¥187M¥141M¥95M¥49M¥3M
Investment securities¥2.87B¥3.11B¥4.03B¥3.8B¥4.55B
Current assets¥49.4B¥51.8B¥52.3B¥47.8B¥45.7B
Current liabilities¥39B¥41.8B¥41.7B¥36B¥36.8B
Trade payables¥14.1B¥13.6B¥11.7B¥9.04B¥7.55B
Short-term borrowings¥13.3B¥14.7B¥14.1B¥13.3B¥15.4B
Long-term borrowings¥5.67B¥5.46B¥5.67B¥5.61B¥8.41B
Bonds¥3.44B¥4.23B¥4.07B¥3.91B¥550M
Interest-bearing debt¥22.4Bderived¥24.4Bderived¥23.9Bderived¥22.8Bderived¥24.4Bderived
Total liabilities¥65.3B¥68.6B¥68.5B¥60.7B¥60.4B
Non-controlling interests¥175M¥193M¥210M¥221M¥259M
Equity attributable to owners of parent¥16.2B¥16.4B¥18B¥19.9B¥21.6B
Retained earnings¥13.7B¥13.9B¥15.4B¥17.4B¥19.1B
Treasury stock-¥9M-¥9M-¥10M-¥14M-¥70M

Sources

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

    有価証券報告書-第45期(2025/04/01-2026/03/31)

    ID S100YIDL2026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第44期(2024/04/01-2025/03/31)

    ID S100W2EZ2025-06-24Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第43期(2023/04/01-2024/03/31)

    ID S100ULUP2024-10-31Open
  • EDINET (FSA Japan)

    有価証券報告書-第42期(2022/04/01-2023/03/31)

    ID S100R7452023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第41期(令和3年4月1日-令和4年3月31日)

    ID S100OJGU2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第40期(令和2年4月1日-令和3年3月31日)

    ID S100LSRM2021-06-29Open

Extracted from XBRL: 53 / Derived from other figures: 2

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