Hirose ElectricHIROSE ELECTRIC CO.,LTD.6806東証プライム電気機器FY ending Mar 2026, consolidated, IFRS

Hirose Electric revenue and profit

Out of every ¥100 of sales, about ¥20 is left as operating profit. Revenue changed +11.5% from the prior year, operating profit +0.8%.

Five-year trend

Revenue¥211.3B
FY ending Mar 2022: ¥163.7B¥163.7BFY ending Mar 2023: ¥183.2B¥183.2BFY ending Mar 2024: ¥165.5B¥165.5BFY ending Mar 2025: ¥189.4B¥189.4BFY ending Mar 2026: ¥211.3B¥211.3BFY22FY23FY24FY25FY26
Operating income¥43B
FY ending Mar 2022: ¥40.8B¥40.8BFY ending Mar 2023: ¥46.8B¥46.8BFY ending Mar 2024: ¥34B¥34BFY ending Mar 2025: ¥42.7B¥42.7BFY ending Mar 2026: ¥43B¥43BFY22FY23FY24FY25FY26
Operating margin20.4%
FY ending Mar 2022: 24.9%24.9%FY ending Mar 2023: 25.5%25.5%FY ending Mar 2024: 20.6%20.6%FY ending Mar 2025: 22.5%22.5%FY ending Mar 2026: 20.4%20.4%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin15.7%
Asset turnover0.50×
ROA7.8%
ROA7.8%
Financial leverage1.13×
ROE8.9%

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

Net margin15.7%
2022: 19.2%19.2%2023: 18.9%18.9%2024: 16.0%16.0%2025: 17.4%17.4%2026: 15.7%15.7%2223242526
Asset turnover0.50×
2022: 0.41×0.41×2023: 0.46×0.46×2024: 0.41×0.41×2025: 0.46×0.46×2026: 0.50×0.50×2223242526
ROA7.8%
2022: 8.0%8.0%2023: 8.7%8.7%2024: 6.6%6.6%2025: 8.1%8.1%2026: 7.8%7.8%2223242526
Financial leverage1.13×
2022: 1.15×1.15×2023: 1.15×1.15×2024: 1.13×1.13×2025: 1.12×1.12×2026: 1.13×1.13×2223242526
ROE8.9%
2022: 9.2%9.2%2023: 10.0%10.0%2024: 7.4%7.4%2025: 9.0%9.0%2026: 8.9%8.9%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202219.2%0.41×8.0%1.15×9.2%
202318.9%0.46×8.7%1.15×10.0%
202416.0%0.41×6.6%1.13×7.4%
202517.4%0.46×8.1%1.12×9.0%
202615.7%0.50×7.8%1.13×8.9%

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 ÷ revenue42.8%
2021: 45.8%45.8%2022: 37.4%37.4%2023: 34.8%34.8%2024: 48.9%48.9%2025: 45.6%45.6%2026: 42.8%42.8%212223242526
PPE ÷ total assets21.0%
2021: 16.5%16.5%2022: 15.5%15.5%2023: 15.9%15.9%2024: 20.1%20.1%2025: 20.7%20.7%2026: 21.0%21.0%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¥9.43B
2021: ¥7.17B¥7.17B2022: ¥7.82B¥7.82B2023: ¥8.65B¥8.65B2024: ¥7.88B¥7.88B2025: ¥9.09B¥9.09B2026: ¥9.43B¥9.43B212223242526
R&D / revenue4.5%
2021: 5.4%5.4%2022: 4.8%4.8%2023: 4.7%4.7%2024: 4.8%4.8%2025: 4.8%4.8%2026: 4.5%4.5%212223242526

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
Revenue163,671183,224165,509189,420211,264
Cost of revenue88,72895,03693,012104,048122,268
Gross profit74,94388,18872,49785,37288,996
SG&A34,15340,92037,23742,46745,710
Operating income40,76546,75134,01742,67242,995
Pretax income43,08148,59138,76146,21846,626
Income tax11,64413,94312,28113,18513,484
Net income attributable to owners31,43734,64826,48033,03333,142
Operating margin24.9%25.5%20.6%22.5%20.4%

Balance sheet (reported items)

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

Assets

Cash 20%
Property, plant and equipment 21%
Other assets 59%

Funding

Other liabilities 12%
Equity 88%

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¥68.4B¥88B¥90.3B¥85.7B¥87.3B
Total assets¥394.8B¥401.4B¥403.4B¥416.9B¥431.2B
Net assets¥342.1B¥349.9B¥364.2B¥370.1B¥378.1B
Share capital¥9.4B¥9.4B¥9.4B¥9.4B¥9.4B
Property, plant and equipment¥61.1B¥63.8B¥80.9B¥86.4B¥90.4B
Current assets¥280.8B¥256.7B¥234.5B¥248.8B¥233.8B
Total liabilities¥52.7B¥51.5B¥39.3B¥46.7B¥53.1B
Equity attributable to owners of parent¥342.1B¥349.9B¥364.2B¥370.1B¥378.1B
Retained earnings¥338.8B¥345.2B¥340.8B¥349B¥364.9B
Treasury stock-¥36.3B-¥39.8B-¥35.8B-¥27.5B-¥47.8B

Sources

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

    有価証券報告書-第79期(2025/04/01-2026/03/31)

    ID S100YJDW2026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第78期(2024/04/01-2025/03/31)

    ID S100W2RH2025-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第77期(2023/04/01-2024/03/31)

    ID S100TONX2024-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第76期(2022/04/01-2023/03/31)

    ID S100R1BM2023-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第75期(令和3年4月1日-令和4年3月31日)

    ID S100OCDQ2022-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第74期(令和2年4月1日-令和3年3月31日)

    ID S100LOYB2021-06-25Open

Extracted from XBRL: 43 / Derived from other figures: 1

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