Fukuda DenshiFUKUDA DENSHI CO.,LTD.6960東証スタンダード電気機器FY ending Mar 2026, consolidated, J-GAAP

Fukuda Denshi revenue and profit

Out of every ¥100 of sales, about ¥19 is left as operating profit. Revenue changed +0.5% from the prior year, operating profit +2.8%.

Five-year trend

Revenue¥139.7B
FY ending Mar 2022: ¥132.1B¥132.1BFY ending Mar 2023: ¥134.6B¥134.6BFY ending Mar 2024: ¥140.3B¥140.3BFY ending Mar 2025: ¥139B¥139BFY ending Mar 2026: ¥139.7B¥139.7BFY22FY23FY24FY25FY26
Operating income¥26.6B
FY ending Mar 2022: ¥22.7B¥22.7BFY ending Mar 2023: ¥24.1B¥24.1BFY ending Mar 2024: ¥26.5B¥26.5BFY ending Mar 2025: ¥25.9B¥25.9BFY ending Mar 2026: ¥26.6B¥26.6BFY22FY23FY24FY25FY26
Operating margin19.0%
FY ending Mar 2022: 17.2%17.2%FY ending Mar 2023: 17.9%17.9%FY ending Mar 2024: 18.9%18.9%FY ending Mar 2025: 18.6%18.6%FY ending Mar 2026: 19.0%19.0%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin13.5%
Asset turnover0.63×
ROA8.4%
ROA8.4%
Financial leverage1.27×
ROE10.7%

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

Net margin13.5%
2022: 12.3%12.3%2023: 12.8%12.8%2024: 13.3%13.3%2025: 13.4%13.4%2026: 13.5%13.5%2223242526
Asset turnover0.63×
2022: 0.68×0.68×2023: 0.67×0.67×2024: 0.67×0.67×2025: 0.65×0.65×2026: 0.63×0.63×2223242526
ROA8.4%
2022: 8.3%8.3%2023: 8.6%8.6%2024: 9.0%9.0%2025: 8.6%8.6%2026: 8.4%8.4%2223242526
Financial leverage1.27×
2022: 1.32×1.32×2023: 1.30×1.30×2024: 1.29×1.29×2025: 1.28×1.28×2026: 1.27×1.27×2223242526
ROE10.7%
2022: 10.9%10.9%2023: 11.2%11.2%2024: 11.6%11.6%2025: 11.0%11.0%2026: 10.7%10.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202212.3%0.68×8.3%1.32×10.9%
202312.8%0.67×8.6%1.30×11.2%
202413.3%0.67×9.0%1.29×11.6%
202513.4%0.65×8.6%1.28×11.0%
202613.5%0.63×8.4%1.27×10.7%

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 ÷ revenue44.1%
2021: 27.8%27.8%2022: 34.3%34.3%2023: 34.8%34.8%2024: 36.8%36.8%2025: 40.6%40.6%2026: 44.1%44.1%212223242526
PPE ÷ total assets27.4%
2021: 21.3%21.3%2022: 23.2%23.2%2023: 22.6%22.6%2024: 24.7%24.7%2025: 25.5%25.5%2026: 27.4%27.4%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¥4.73B
2021: ¥3.3B¥3.3B2022: ¥3.45B¥3.45B2023: ¥3.79B¥3.79B2024: ¥4.74B¥4.74B2025: ¥4.22B¥4.22B2026: ¥4.73B¥4.73B212223242526
R&D / revenue3.4%
2021: 2.2%2.2%2022: 2.6%2.6%2023: 2.8%2.8%2024: 3.4%3.4%2025: 3.0%3.0%2026: 3.4%3.4%212223242526
Receivable days—
2021: 107d107d212223242526
Payable days61d
2021: 87d87d2022: 88d88d2023: 78d78d2024: 64d64d2025: 66d66d2026: 61d61d212223242526

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
Revenue132,098134,648140,323139,007139,697
Cost of revenue64,51864,24465,87565,19063,174
Gross profit67,57970,40374,44773,81676,522
SG&A44,87046,30947,94147,94249,914
Operating income22,70824,09326,50625,87426,608
Pretax income23,72425,20226,98627,12727,027
Income tax7,5087,9238,2938,5218,237
Net income attributable to owners16,21617,27818,69318,60518,790
Operating margin17.2%17.9%18.9%18.6%19.0%

Balance sheet (reported items)

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

Assets

Cash 27%
Property, plant and equipment 27%
1%
Investment securities 10%
Other assets 35%

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¥61B¥64.9B¥57.2B¥67.3B¥60.7B
Total assets¥195.5B¥206.9B¥209.1B¥221.3B¥225.4B
Net assets¥149.9B¥163B¥169B¥181.7B¥188.8B
Share capital¥4.62B¥4.62B¥4.62B¥4.62B¥4.62B
Property, plant and equipment¥45.3B¥46.8B¥51.6B¥56.4B¥61.7B
Intangible assets excluding goodwill¥1.54B¥1.62B¥1.86B¥1.78B¥1.94B
Investment securities¥9.67B¥10.8B¥15.5B¥14.7B¥22B
Current assets¥119.7B¥126.7B¥119.1B¥127.1B¥120.1B
Current liabilities¥38.8B¥37.5B¥34.4B¥35.2B¥31B
Trade payables¥15.5B¥13.7B¥11.6B¥11.7B¥10.6B
Short-term borrowings¥1.75B¥1.75B¥1.75B¥1.75B¥1.8B
Total liabilities¥45.6B¥43.9B¥40.1B¥39.7B¥36.6B
Equity attributable to owners of parent¥148.2B¥160.3B¥162.2B¥175.3B¥177B
Retained earnings¥142.1B¥154.2B¥167.4B¥180.4B¥193.5B
Treasury stock-¥20.4B-¥20.4B-¥27.3B-¥27.3B-¥39.1B

Sources

Show source documents (6)
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    有価証券報告書-第79期(2025/04/01-2026/03/31)

    ID S100YLF72026-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第78期(2024/04/01-2025/03/31)

    ID S100W6NZ2025-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第77期(2023/04/01-2024/03/31)

    ID S100TU7S2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第76期(2022/04/01-2023/03/31)

    ID S100R73A2023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第75期(令和3年4月1日-令和4年3月31日)

    ID S100OJ3B2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第74期(令和2年4月1日-令和3年3月31日)

    ID S100LSU02021-06-29Open

Extracted from XBRL: 50 / Derived from other figures: 1

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