Furuno ElectricFURUNO ELECTRIC CO., LTD.6814東証プライム電気機器FY ending Feb 2026, consolidated, J-GAAP

Furuno Electric revenue and profit

Out of every ¥100 of sales, about ¥12 is left as operating profit. Revenue changed +10.8% from the prior year, operating profit +23.3%.

Five-year trend

Revenue¥140.6B
FY ending Feb 2022: ¥84.8B¥84.8BFY ending Feb 2023: ¥91.3B¥91.3BFY ending Feb 2024: ¥114.8B¥114.8BFY ending Feb 2025: ¥127B¥127BFY ending Feb 2026: ¥140.6B¥140.6BFY22FY23FY24FY25FY26
Operating income¥16.2B
FY ending Feb 2022: ¥2.53B¥2.53BFY ending Feb 2023: ¥1.52B¥1.52BFY ending Feb 2024: ¥6.52B¥6.52BFY ending Feb 2025: ¥13.2B¥13.2BFY ending Feb 2026: ¥16.2B¥16.2BFY22FY23FY24FY25FY26
Operating margin11.6%
FY ending Feb 2022: 3.0%3.0%FY ending Feb 2023: 1.7%1.7%FY ending Feb 2024: 5.7%5.7%FY ending Feb 2025: 10.4%10.4%FY ending Feb 2026: 11.6%11.6%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin11.9%
Asset turnover1.06×
ROA12.6%
ROA12.6%
Financial leverage1.88×
ROE23.8%

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

Net margin11.9%
2022: 3.3%3.3%2023: 1.5%1.5%2024: 5.4%5.4%2025: 9.0%9.0%2026: 11.9%11.9%2223242526
Asset turnover1.06×
2022: 0.99×0.99×2023: 0.95×0.95×2024: 1.04×1.04×2025: 1.07×1.07×2026: 1.06×1.06×2223242526
ROA12.6%
2022: 3.3%3.3%2023: 1.4%1.4%2024: 5.7%5.7%2025: 9.6%9.6%2026: 12.6%12.6%2223242526
Financial leverage1.88×
2022: 1.76×1.76×2023: 1.95×1.95×2024: 2.10×2.10×2025: 1.99×1.99×2026: 1.88×1.88×2223242526
ROE23.8%
2022: 5.8%5.8%2023: 2.7%2.7%2024: 11.9%11.9%2025: 19.2%19.2%2026: 23.8%23.8%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.3%0.99×3.3%1.76×5.8%
20231.5%0.95×1.4%1.95×2.7%
20245.4%1.04×5.7%2.10×11.9%
20259.0%1.07×9.6%1.99×19.2%
202611.9%1.06×12.6%1.88×23.8%

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 ÷ revenue12.8%
2021: 13.6%13.6%2022: 15.8%15.8%2023: 15.2%15.2%2024: 12.8%12.8%2025: 13.1%13.1%2026: 12.8%12.8%212223242526
PPE ÷ total assets12.7%
2021: 13.6%13.6%2022: 15.6%15.6%2023: 13.1%13.1%2024: 12.9%12.9%2025: 13.4%13.4%2026: 12.7%12.7%212223242526
Goodwill ÷ parent equity0.9%
2021: 1.8%1.8%2022: 1.6%1.6%2023: 1.6%1.6%2024: 1.7%1.7%2025: 1.3%1.3%2026: 0.9%0.9%212223242526
Goodwill balance¥695M
2021: ¥874M¥874M2022: ¥778M¥778M2023: ¥819M¥819M2024: ¥942M¥942M2025: ¥839M¥839M2026: ¥695M¥695M212223242526

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¥6.01B
2021: ¥5.3B¥5.3B2022: ¥5.46B¥5.46B2023: ¥5.69B¥5.69B2024: ¥5.99B¥5.99B2025: ¥6.3B¥6.3B2026: ¥6.01B¥6.01B212223242526
R&D / revenue4.3%
2021: 6.4%6.4%2022: 6.4%6.4%2023: 6.2%6.2%2024: 5.2%5.2%2025: 5.0%5.0%2026: 4.3%4.3%212223242526
Receivable days—
2021: 77d77d2022: 65d65d212223242526
Payable days34d
2021: 27d27d2022: 28d28d2023: 41d41d2024: 28d28d2025: 33d33d2026: 34d34d212223242526

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 Feb 2022FY ending Feb 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Revenue84,78391,325114,850126,953140,616
Cost of revenue53,14556,94772,25573,98382,278
Gross profit31,63834,37742,59452,96958,338
SG&A29,10532,85336,07339,78742,091
Operating income2,5321,5236,52113,18116,246
Pretax income3,7352,4438,17114,31318,363
Income tax8931,0271,9402,7371,586
Net income attributable to owners2,8141,3486,24011,45716,735
Operating margin3.0%1.7%5.7%10.4%11.6%

Balance sheet (reported items)

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

Assets

Cash 17%
Property, plant and equipment 13%
5%
5%
Other assets 60%

Funding

5%
Other liabilities 31%
Equity 64%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Feb 2022FY ending Feb 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Cash and equivalents¥13.9B¥14.7B¥11.2B¥15.4B¥23.5B
Total assets¥86B¥106.4B¥114.4B¥123.5B¥141.4B
Net assets¥47.9B¥52.5B¥61.4B¥72.6B¥89.8B
Share capital¥7.53B¥7.53B¥7.53B¥7.53B¥7.53B
Trade receivables¥15.1B————
Property, plant and equipment¥13.4B¥13.9B¥14.8B¥16.6B¥18B
Intangible assets excluding goodwill¥4.28B¥4.03B¥4.94B¥6.09B¥6.64B
Goodwill¥778M¥819M¥942M¥839M¥695M
Investment securities¥3.18B¥3.09B¥4.1B¥4.55B¥7.07B
Current assets¥62B¥82.3B¥86.3B¥91.6B¥102.5B
Current liabilities¥25B¥37.5B¥39.4B¥35.7B¥34.3B
Trade payables¥4.05B¥6.43B¥5.58B¥6.69B¥7.58B
Short-term borrowings¥2M¥8.01B¥6B¥6.1B¥200M
Long-term borrowings¥8.3B¥11.1B¥8.21B¥8.7B¥10.3B
Total liabilities¥38.1B¥53.9B¥53B¥50.9B¥51.6B
Non-controlling interests—¥389M¥393M¥433M¥426M
Equity attributable to owners of parent¥48.8B¥50B¥55.2B¥64.3B¥76.3B
Retained earnings¥32.2B¥33.4B¥38.5B¥47.6B¥59.6B
Treasury stock-¥187M-¥175M-¥162M-¥158M-¥155M

Sources

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

    訂正有価証券報告書-第75期(2025/03/01-2026/02/28)

    ID S100YS032026-07-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第74期(2024/03/01-2025/02/28)

    ID S100VS622025-05-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第73期(2023/03/01-2024/02/29)

    ID S100THDZ2024-05-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第72期(2022/03/01-2023/02/28)

    ID S100QTP02023-05-25Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第71期(令和3年3月1日-令和4年2月28日)

    ID S100O8D42022-06-13Open
  • EDINET (FSA Japan)

    有価証券報告書-第70期(令和2年3月1日-令和3年2月28日)

    ID S100LF832021-05-28Open

Extracted from XBRL: 53 / Derived from other figures: 1

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