Harada IndustryHARADA INDUSTRY CO.,LTD.6904東証スタンダード電気機器FY ending Mar 2026, consolidated, J-GAAP

Harada Industry revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed -5.9% from the prior year, operating profit +38.7%.

Five-year trend

Revenue¥42.2B
FY ending Mar 2022: ¥35.8B¥35.8BFY ending Mar 2023: ¥42.1B¥42.1BFY ending Mar 2024: ¥47B¥47BFY ending Mar 2025: ¥44.8B¥44.8BFY ending Mar 2026: ¥42.2B¥42.2BFY22FY23FY24FY25FY26
Operating income¥2.4B
FY ending Mar 2022: -¥1.16B-¥1.16BFY ending Mar 2023: -¥722M-¥722MFY ending Mar 2024: ¥1.03B¥1.03BFY ending Mar 2025: ¥1.73B¥1.73BFY ending Mar 2026: ¥2.4B¥2.4BFY22FY23FY24FY25FY26
Operating margin5.7%
FY ending Mar 2022: -3.2%-3.2%FY ending Mar 2023: -1.7%-1.7%FY ending Mar 2024: 2.2%2.2%FY ending Mar 2025: 3.9%3.9%FY ending Mar 2026: 5.7%5.7%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin1.0%
Asset turnover1.13×
ROA1.2%
ROA1.2%
Financial leverage3.63×
ROE4.2%

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

Net margin1.0%
2024: 1.9%1.9%2025: 0.4%0.4%2026: 1.0%1.0%2223242526
Asset turnover1.13×
2024: 1.21×1.21×2025: 1.17×1.17×2026: 1.13×1.13×2223242526
ROA1.2%
2022: -3.1%-3.1%2023: -4.0%-4.0%2024: 2.3%2.3%2025: 0.4%0.4%2026: 1.2%1.2%2223242526
Financial leverage3.63×
2024: 3.80×3.80×2025: 3.69×3.69×2026: 3.63×3.63×2223242526
ROE4.2%
2024: 8.7%8.7%2025: 1.6%1.6%2026: 4.2%4.2%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×-3.1%—×—
2023——×-4.0%—×—
20241.9%1.21×2.3%3.80×8.7%
20250.4%1.17×0.4%3.69×1.6%
20261.0%1.13×1.2%3.63×4.2%

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 ÷ revenue13.3%
2021: 17.8%17.8%2022: 17.7%17.7%2023: 16.3%16.3%2024: 13.6%13.6%2025: 14.1%14.1%2026: 13.3%13.3%212223242526
PPE ÷ total assets15.7%
2021: 18.9%18.9%2022: 17.6%17.6%2023: 17.1%17.1%2024: 17.0%17.0%2025: 16.3%16.3%2026: 15.7%15.7%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¥876M
2021: ¥1.22B¥1.22B2022: ¥976M¥976M2023: ¥1.04B¥1.04B2024: ¥968M¥968M2025: ¥925M¥925M2026: ¥876M¥876M212223242526
R&D / revenue2.1%
2021: 3.5%3.5%2022: 2.7%2.7%2023: 2.5%2.5%2024: 2.1%2.1%2025: 2.1%2.1%2026: 2.1%2.1%212223242526
Receivable days—
2021: 77d77d212223242526
Payable days26d
2021: 43d43d2022: 34d34d2023: 32d32d2024: 27d27d2025: 35d35d2026: 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
Revenue35,81142,10546,99344,81742,192
Cost of revenue29,99935,04238,33435,58332,657
Gross profit5,8137,0638,6599,2349,535
SG&A6,9767,7857,6337,5057,137
Operating income-1,163-7221,0261,7292,398
Pretax income-1,049-1,1252,4131,3091,745
Income tax574071,5271,1431,311
Net income attributable to owners-1,106-1,531886166434
Operating margin-3.2%-1.7%2.2%3.9%5.7%

Balance sheet (reported items)

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

Assets

Cash 19%
Property, plant and equipment 16%
0%
Other assets 65%

Funding

7%
Other liabilities 55%
Equity 38%
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¥3.73B¥5.95B¥5.14B¥6.45B¥6.98B
Total assets¥35.9B¥40.1B¥37.6B¥38.9B¥35.8B
Net assets¥11.2B¥11.2B¥11.9B¥13.4B¥13.7B
Share capital¥2.02B¥2.02B¥2.02B¥2.02B¥2.02B
Property, plant and equipment¥6.33B¥6.88B¥6.38B¥6.34B¥5.61B
Intangible assets excluding goodwill¥165.8M¥146.3M¥97.8M¥63.5M¥65.7M
Current assets¥26.4B¥29.7B¥27.4B¥28.8B¥26.7B
Current liabilities¥23.1B¥27.4B¥23.7B¥23.8B¥20.7B
Trade payables¥2.83B¥3.04B¥2.78B¥3.39B¥2.31B
Short-term borrowings¥16.1B¥19.2B¥14.9B¥16.5B¥14.1B
Long-term borrowings¥500M————
Total liabilities¥24.7B¥29B¥25.7B¥25.6B¥22.1B
Equity attributable to owners of parent¥11.5B¥9.83B¥10.6B¥10.1B¥10.4B
Retained earnings¥7.59B¥5.95B¥6.73B¥6.57B¥6.85B
Treasury stock-¥2.4M-¥2.4M-¥2.5M-¥302.5M-¥302.5M

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 S100YJHN2026-06-25Open
  • EDINET (FSA Japan)

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

    ID S100W8RQ2025-06-27Open
  • EDINET (FSA Japan)

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

    ID S100TSC62024-06-27Open
  • EDINET (FSA Japan)

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

    ID S100R60S2023-06-29Open
  • 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 S100OGD72022-06-29Open
  • EDINET (FSA Japan)

    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 S100LRR42021-06-29Open

Extracted from XBRL: 48 / Derived from other figures: 1

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