Furukawa ElectricFurukawa Electric Co., Ltd.5801東証プライム非鉄金属FY ending Mar 2026, consolidated, J-GAAP

Furukawa Electric revenue and profit

Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed +8.8% from the prior year, operating profit +35.8%.

Five-year trend

Revenue¥1.31T
FY ending Mar 2022: ¥930.5B¥930.5BFY ending Mar 2023: ¥1.07T¥1.07TFY ending Mar 2024: ¥1.06T¥1.06TFY ending Mar 2025: ¥1.2T¥1.2TFY ending Mar 2026: ¥1.31T¥1.31TFY22FY23FY24FY25FY26
Operating income¥63.9B
FY ending Mar 2022: ¥11.4B¥11.4BFY ending Mar 2023: ¥15.4B¥15.4BFY ending Mar 2024: ¥11.2B¥11.2BFY ending Mar 2025: ¥47B¥47BFY ending Mar 2026: ¥63.9B¥63.9BFY22FY23FY24FY25FY26
Operating margin4.9%
FY ending Mar 2022: 1.2%1.2%FY ending Mar 2023: 1.4%1.4%FY ending Mar 2024: 1.1%1.1%FY ending Mar 2025: 3.9%3.9%FY ending Mar 2026: 4.9%4.9%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin5.5%
Asset turnover1.27×
ROA7.1%
ROA7.1%
Financial leverage3.17×
ROE22.4%

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

Net margin5.5%
2022: 1.1%1.1%2023: 1.5%1.5%2024: 0.6%0.6%2025: 2.8%2.8%2026: 5.5%5.5%2223242526
Asset turnover1.27×
2022: 0.99×0.99×2023: 1.14×1.14×2024: 1.10×1.10×2025: 1.22×1.22×2026: 1.27×1.27×2223242526
ROA7.1%
2022: 1.1%1.1%2023: 1.7%1.7%2024: 0.7%0.7%2025: 3.4%3.4%2026: 7.1%7.1%2223242526
Financial leverage3.17×
2022: 3.52×3.52×2023: 3.40×3.40×2024: 3.38×3.38×2025: 3.42×3.42×2026: 3.17×3.17×2223242526
ROE22.4%
2022: 3.8%3.8%2023: 5.8%5.8%2024: 2.3%2.3%2025: 11.6%11.6%2026: 22.4%22.4%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20221.1%0.99×1.1%3.52×3.8%
20231.5%1.14×1.7%3.40×5.8%
20240.6%1.10×0.7%3.38×2.3%
20252.8%1.22×3.4%3.42×11.6%
20265.5%1.27×7.1%3.17×22.4%

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 ÷ revenue21.2%
2021: 30.4%30.4%2022: 28.0%28.0%2023: 25.3%25.3%2024: 26.4%26.4%2025: 23.1%23.1%2026: 21.2%21.2%212223242526
PPE ÷ total assets26.0%
2021: 29.7%29.7%2022: 27.8%27.8%2023: 28.8%28.8%2024: 28.3%28.3%2025: 28.0%28.0%2026: 26.0%26.0%212223242526
Goodwill ÷ parent equity0.7%
2021: 0.6%0.6%2022: 0.2%0.2%2023: 0.1%0.1%2024: 0.0%0.0%2025: 0.2%0.2%2026: 0.7%0.7%212223242526
Goodwill balance¥2.45B
2021: ¥1.45B¥1.45B2022: ¥573M¥573M2023: ¥211M¥211M2024: ¥50M¥50M2025: ¥570M¥570M2026: ¥2.45B¥2.45B212223242526

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¥28.4B
2021: ¥20.2B¥20.2B2022: ¥20.8B¥20.8B2023: ¥23.3B¥23.3B2024: ¥24.5B¥24.5B2025: ¥25.4B¥25.4B2026: ¥28.4B¥28.4B212223242526
R&D / revenue2.2%
2021: 2.5%2.5%2022: 2.2%2.2%2023: 2.2%2.2%2024: 2.3%2.3%2025: 2.1%2.1%2026: 2.2%2.2%212223242526
Receivable days—
2021: 86d86d212223242526
Payable days48d
2021: 62d62d2022: 59d59d2023: 50d50d2024: 52d52d2025: 50d50d2026: 48d48d212223242526

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
Revenue930,4961,066,3261,056,5281,201,7621,307,560
Cost of revenue791,804909,622897,5351,000,1431,077,746
Gross profit138,691156,703158,993201,619229,813
SG&A127,263141,262147,821154,586165,957
Operating income11,42815,44111,17147,03263,856
Pretax income20,43027,92120,06454,025104,944
Income tax7,19010,28911,58716,72429,047
Net income attributable to owners10,09315,8946,50833,35772,514
Operating margin1.2%1.4%1.1%3.9%4.9%

Balance sheet (reported items)

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

Assets

6%
Property, plant and equipment 26%
3%
Investment securities 14%
Other assets 51%

Funding

Trade payables 13%
Interest-bearing debt 27%
Other liabilities 19%
Equity 41%

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¥67.6B¥52B¥53.1B¥66.1B¥70.5B
Total assets¥935.9B¥933.5B¥985B¥988.1B¥1.07T
Net assets¥314.1B¥329.1B¥358.2B¥373.8B¥435.2B
Share capital¥69.4B¥69.4B¥69.4B¥69.4B¥69.4B
Property, plant and equipment¥260.2B¥269.3B¥278.6B¥277B¥276.9B
Intangible assets excluding goodwill¥20.5B¥20.2B¥20.3B¥24B¥25.4B
Goodwill¥573M¥211M¥50M¥570M¥2.45B
Investment securities¥116.8B¥119.6B¥131.7B¥98.8B¥145.5B
Current assets¥503B¥486.8B¥517.8B¥556.4B¥595.5B
Current liabilities¥379.7B¥381B¥400.9B¥394.5B¥428.7B
Trade payables¥128B¥125.4B¥128.8B¥136.7B¥140.5B
Short-term borrowings¥115B¥141.3B¥137.4B¥153.3B¥149.4B
Long-term borrowings¥133.1B¥114.5B¥120.2B¥111.4B¥112.3B
Bonds¥40B¥40B¥40B¥40B¥30B
Interest-bearing debt¥288.1Bderived¥295.8Bderived¥297.5Bderived¥304.6Bderived¥291.7Bderived
Total liabilities¥621.8B¥604.4B¥626.8B¥614.3B¥631.1B
Non-controlling interests¥34.8B¥27.4B¥29.9B¥32.3B¥18.2B
Equity attributable to owners of parent¥266B¥283.5B¥284.9B¥291.5B¥356.2B
Retained earnings¥174.3B¥191.8B¥193.1B¥198.8B¥264.7B
Treasury stock-¥901M-¥871M-¥691M-¥651M-¥1.75B

Sources

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

    有価証券報告書-第204期(2025/04/01-2026/03/31)

    ID S100YCF02026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第203期(2024/04/01-2025/03/31)

    ID S100VZIV2025-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第202期(2023/04/01-2024/03/31)

    ID S100TPPL2024-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第201期(2022/04/01-2023/03/31)

    ID S100QYDK2023-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第200期(令和3年4月1日-令和4年3月31日)

    ID S100OALR2022-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第199期(令和2年4月1日-令和3年3月31日)

    ID S100LMSK2021-06-24Open

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

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