Heiwa PaperHEIWA PAPER CO., LTD.9929東証スタンダード卸売業FY ending Mar 2026, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥1 is left as operating profit. Revenue changed -1.5% from the prior year, operating profit -30.3%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2022 | 0.6% | 0.99× | 0.6% | 1.96× | 1.1% |
| 2023 | 5.4% | 0.96× | 5.2% | 1.98× | 10.4% |
| 2024 | 0.8% | 0.89× | 0.7% | 2.08× | 1.6% |
| 2025 | 0.7% | 0.87× | 0.6% | 2.10× | 1.3% |
| 2026 | 0.5% | 0.88× | 0.4% | 2.05× | 0.9% |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
Track R&D investment and how long operating capital remains tied up before sales turn into cash.
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.
| Item | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 15,619 | 16,069 | 16,124 | 16,032 | 15,797 |
| Cost of revenue | 12,697 | 12,835 | 12,836 | 12,758 | 12,510 |
| Gross profit | 2,923 | 3,234 | 3,289 | 3,274 | 3,287 |
| SG&A | 2,761 | 3,096 | 3,130 | 3,131 | 3,188 |
| Operating income | 162 | 138 | 158 | 143 | 99 |
| Pretax income | 148 | 1,280 | 220 | 192 | 141 |
| Income tax | 61 | 405 | 84 | 75 | 63 |
| Net income attributable to owners | 87 | 875 | 136 | 117 | 79 |
| Operating margin | 1.0% | 0.9% | 1.0% | 0.9% | 0.6% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥3.32B | ¥3.07B | ¥2.84B | ¥2.37B | ¥2.19B |
| Total assets | ¥15.8B | ¥17.6B | ¥18.8B | ¥18B | ¥17.8B |
| Net assets | ¥8.53B | ¥9.41B | ¥10.1B | ¥9.92B | ¥10.2B |
| Share capital | ¥2.11B | ¥2.11B | ¥2.11B | ¥2.11B | ¥2.11B |
| Trade receivables | ¥3.9B | ¥3.83B | ¥3.92B | ¥3.4B | ¥2.72B |
| Property, plant and equipment | ¥809.6M | ¥1.95B | ¥2.13B | ¥2.75B | ¥2.91B |
| Intangible assets excluding goodwill | ¥57.7M | ¥40M | ¥34.8M | ¥25.2M | ¥42.9M |
| Investment securities | ¥2.27B | ¥2.44B | ¥3.3B | ¥3.07B | ¥3.71B |
| Current assets | ¥12.2B | ¥12.5B | ¥12.8B | ¥11.8B | ¥10.7B |
| Current liabilities | ¥6.82B | ¥7.54B | ¥7.71B | ¥7.14B | ¥6.51B |
| Trade payables | ¥4.34B | ¥4.36B | ¥4.72B | ¥3.95B | ¥3.93B |
| Short-term borrowings | ¥2.13B | ¥2.37B | ¥2.21B | ¥2.24B | ¥1.72B |
| Total liabilities | ¥7.24B | ¥8.16B | ¥8.74B | ¥8.05B | ¥7.53B |
| Equity attributable to owners of parent | ¥8.05B | ¥8.75B | ¥8.77B | ¥8.78B | ¥8.65B |
| Retained earnings | ¥3.83B | ¥4.61B | ¥4.63B | ¥4.63B | ¥4.6B |
| Treasury stock | -¥218.7M | -¥294M | -¥294M | -¥294M | -¥386.5M |
EDINET (FSA Japan)
有価証券報告書－第93期(2025/04/01－2026/03/31)
EDINET (FSA Japan)
有価証券報告書－第92期(2024/04/01－2025/03/31)
EDINET (FSA Japan)
有価証券報告書－第91期(2023/04/01－2024/03/31)
EDINET (FSA Japan)
訂正有価証券報告書－第90期(2022/04/01－2023/03/31)
EDINET (FSA Japan)
有価証券報告書－第89期(令和3年4月1日－令和4年3月31日)
EDINET (FSA Japan)
有価証券報告書－第88期(令和2年4月1日－令和3年3月31日)
Extracted from XBRL: 50 / Derived from other figures: 1
Spotted an error? Report it (corrections keep the original record)
Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.