Vizora日本語

Fuso ChemicalFUSO CHEMICAL CO.,LTD.4368東証プライム化学FY ending Mar 2026, consolidated, J-GAAP

Fuso Chemical revenue and profit

Out of every ¥100 of sales, about ¥24 is left as operating profit. Revenue changed +10.7% from the prior year, operating profit +16.1%.

Five-year trend

Revenue¥76.9B
FY ending Mar 2022: ¥55.8B¥55.8BFY ending Mar 2023: ¥68.5B¥68.5BFY ending Mar 2024: ¥59B¥59BFY ending Mar 2025: ¥69.5B¥69.5BFY ending Mar 2026: ¥76.9B¥76.9BFY22FY23FY24FY25FY26
Operating income¥18.9B
FY ending Mar 2022: ¥15B¥15BFY ending Mar 2023: ¥18.9B¥18.9BFY ending Mar 2024: ¥11.1B¥11.1BFY ending Mar 2025: ¥16.2B¥16.2BFY ending Mar 2026: ¥18.9B¥18.9BFY22FY23FY24FY25FY26
Operating margin24.5%
FY ending Mar 2022: 27.0%27.0%FY ending Mar 2023: 27.7%27.7%FY ending Mar 2024: 18.8%18.8%FY ending Mar 2025: 23.4%23.4%FY ending Mar 2026: 24.5%24.5%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin18.6%
Asset turnover0.52×
ROA9.7%
ROA9.7%
Financial leverage1.40×
ROE13.6%

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

Net margin18.6%
2022: 19.5%19.5%2023: 20.6%20.6%2024: 14.1%14.1%2025: 16.7%16.7%2026: 18.6%18.6%2223242526
Asset turnover0.52×
2022: 0.61×0.61×2023: 0.67×0.67×2024: 0.48×0.48×2025: 0.51×0.51×2026: 0.52×0.52×2223242526
ROA9.7%
2022: 11.8%11.8%2023: 13.7%13.7%2024: 6.7%6.7%2025: 8.4%8.4%2026: 9.7%9.7%2223242526
Financial leverage1.40×
2022: 1.27×1.27×2023: 1.31×1.31×2024: 1.42×1.42×2025: 1.45×1.45×2026: 1.40×1.40×2223242526
ROE13.6%
2022: 15.1%15.1%2023: 18.1%18.1%2024: 9.6%9.6%2025: 12.3%12.3%2026: 13.6%13.6%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202219.5%0.61×11.8%1.27×15.1%
202320.6%0.67×13.7%1.31×18.1%
202414.1%0.48×6.7%1.42×9.6%
202516.7%0.51×8.4%1.45×12.3%
202618.6%0.52×9.7%1.40×13.6%

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 ÷ revenue83.9%
2021: 61.4%61.4%2022: 63.3%63.3%2023: 79.3%79.3%2024: 100.1%100.1%2025: 96.4%96.4%2026: 83.9%83.9%212223242526
PPE ÷ total assets42.4%
2021: 34.1%34.1%2022: 38.4%38.4%2023: 47.8%47.8%2024: 44.1%44.1%2025: 47.3%47.3%2026: 42.4%42.4%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¥1.09B
2021: ¥685M¥685M2022: ¥688M¥688M2023: ¥845M¥845M2024: ¥850M¥850M2025: ¥923M¥923M2026: ¥1.09B¥1.09B212223242526
R&D / revenue1.4%
2021: 1.6%1.6%2022: 1.2%1.2%2023: 1.2%1.2%2024: 1.4%1.4%2025: 1.3%1.3%2026: 1.4%1.4%212223242526
Receivable days79d
2021: 91d91d2022: 97d97d2023: 80d80d2024: 102d102d2025: 84d84d2026: 79d79d212223242526
Payable days—
2021: 29d29d2022: 34d34d2023: 30d30d2024: 22d22d2025: 26d26d212223242526

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
Revenue55,76068,45958,97069,50276,926
Cost of revenue32,67940,04838,39743,53047,609
Gross profit23,08128,41120,57325,97129,317
SG&A8,0479,4809,4899,74110,467
Operating income15,03518,93111,08416,23118,851
Pretax income15,71420,08212,00616,26719,528
Income tax4,8245,9533,6634,6445,216
Net income attributable to owners10,89014,1298,34311,62314,312
Operating margin27.0%27.7%18.8%23.4%24.5%

Balance sheet (reported items)

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

Assets

Cash 25%
Receivables 11%
Property, plant and equipment 42%
4%
0%
Other assets 18%

Funding

Other liabilities 23%
Equity 77%
0%

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¥23.5B¥22.4B¥29.5B¥29.2B¥37.9B
Total assets¥92B¥113.5B¥133.7B¥141.5B¥152.3B
Net assets¥75.3B¥87.5B¥95B¥104B¥117.2B
Share capital¥4.33B¥4.33B¥4.33B¥4.33B¥4.33B
Trade receivables¥14.9B¥15B¥16.5B¥16B¥16.6B
Property, plant and equipment¥35.3B¥54.3B¥59B¥67B¥64.5B
Intangible assets excluding goodwill¥1.9B¥1.35B¥3.13B¥4.01B¥5.49B
Investment securities¥1.03B¥691.3M¥885.4M¥714.5M¥679.8M
Current assets¥52.1B¥55.3B¥68.1B¥67.1B¥78.5B
Current liabilities¥14.7B¥23.9B¥16.5B¥18.5B¥19.8B
Trade payables¥3.04B¥3.29B¥2.36B¥3.07B—
Long-term borrowings——¥20B¥16.9B¥12.9B
Total liabilities¥16.7B¥26B¥38.7B¥37.5B¥35B
Equity attributable to owners of parent¥72.2B¥84.2B¥90.3B¥99.5B¥111.1B
Retained earnings¥64.2B¥76.2B¥82.2B¥91.4B¥102.9B
Treasury stock-¥1.11B-¥1.11B-¥1.09B-¥1.06B-¥1.02B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第69期(2025/04/01－2026/03/31)

    ID S100YEIS2026-06-19Open

  • EDINET (FSA Japan)

    有価証券報告書－第68期(2024/04/01－2025/03/31)

    ID S100VZS32025-06-19Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第67期(2023/04/01－2024/03/31)

    ID S100U1TC2024-07-12Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第66期(2022/04/01－2023/03/31)

    ID S100RH5I2023-07-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第65期(令和3年4月1日－令和4年3月31日)

    ID S100OHQ42022-06-27Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第64期(令和2年4月1日－令和3年3月31日)

    ID S100M1O72021-07-26Open

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

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.

Open MarkdownShare on XSave image