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Hodogaya ChemicalHodogaya Chemical Co.,Ltd.4112東証プライム化学FY ending Mar 2026, consolidated, J-GAAP

Hodogaya Chemical revenue and profit

Out of every ¥100 of sales, about ¥8 is left as operating profit. Revenue changed -1.1% from the prior year, operating profit -23.9%.

Five-year trend

Revenue¥48B
FY ending Mar 2022: ¥41.9B¥41.9BFY ending Mar 2023: ¥43.3B¥43.3BFY ending Mar 2024: ¥44.3B¥44.3BFY ending Mar 2025: ¥48.6B¥48.6BFY ending Mar 2026: ¥48B¥48BFY22FY23FY24FY25FY26
Operating income¥3.71B
FY ending Mar 2022: ¥6.42B¥6.42BFY ending Mar 2023: ¥3.7B¥3.7BFY ending Mar 2024: ¥3.95B¥3.95BFY ending Mar 2025: ¥4.88B¥4.88BFY ending Mar 2026: ¥3.71B¥3.71BFY22FY23FY24FY25FY26
Operating margin7.7%
FY ending Mar 2022: 15.3%15.3%FY ending Mar 2023: 8.5%8.5%FY ending Mar 2024: 8.9%8.9%FY ending Mar 2025: 10.0%10.0%FY ending Mar 2026: 7.7%7.7%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin6.4%
Asset turnover0.58×
ROA3.7%
ROA3.7%
Financial leverage1.98×
ROE7.3%

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

Net margin6.4%
2022: 7.8%7.8%2023: 5.1%5.1%2024: 5.6%5.6%2025: 6.5%6.5%2026: 6.4%6.4%2223242526
Asset turnover0.58×
2022: 0.63×0.63×2023: 0.63×0.63×2024: 0.58×0.58×2025: 0.60×0.60×2026: 0.58×0.58×2223242526
ROA3.7%
2022: 4.9%4.9%2023: 3.2%3.2%2024: 3.2%3.2%2025: 3.9%3.9%2026: 3.7%3.7%2223242526
Financial leverage1.98×
2022: 1.89×1.89×2023: 1.94×1.94×2024: 2.06×2.06×2025: 2.04×2.04×2026: 1.98×1.98×2223242526
ROE7.3%
2022: 9.3%9.3%2023: 6.2%6.2%2024: 6.7%6.7%2025: 8.1%8.1%2026: 7.3%7.3%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20227.8%0.63×4.9%1.89×9.3%
20235.1%0.63×3.2%1.94×6.2%
20245.6%0.58×3.2%2.06×6.7%
20256.5%0.60×3.9%2.04×8.1%
20266.4%0.58×3.7%1.98×7.3%

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 ÷ revenue67.4%
2021: 55.0%55.0%2022: 53.6%53.6%2023: 54.8%54.8%2024: 64.8%64.8%2025: 60.7%60.7%2026: 67.4%67.4%212223242526
PPE ÷ total assets37.5%
2021: 36.2%36.2%2022: 33.8%33.8%2023: 32.9%32.9%2024: 35.3%35.3%2025: 37.0%37.0%2026: 37.5%37.5%212223242526
Goodwill ÷ parent equity—
2021: 0.2%0.2%2022: 0.1%0.1%2023: 0.1%0.1%2024: 0.1%0.1%2025: 0.0%0.0%212223242526
Goodwill balance—
2021: ¥53M¥53M2022: ¥43M¥43M2023: ¥32M¥32M2024: ¥22M¥22M2025: ¥7M¥7M212223242526

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¥5.92B
2021: ¥3.38B¥3.38B2022: ¥3.86B¥3.86B2023: ¥4.94B¥4.94B2024: ¥5.01B¥5.01B2025: ¥5.64B¥5.64B2026: ¥5.92B¥5.92B212223242526
R&D / revenue12.3%
2021: 8.2%8.2%2022: 9.2%9.2%2023: 11.4%11.4%2024: 11.3%11.3%2025: 11.6%11.6%2026: 12.3%12.3%212223242526
Receivable days—
2021: 106d106d212223242526
Payable days—
2021: 60d60d2022: 71d71d2023: 63d63d2024: 69d69d2025: 59d59d212223242526

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
Revenue41,87943,32444,26148,57848,040
Cost of revenue24,22126,65427,16229,37829,278
Gross profit17,65716,66917,09919,20018,762
SG&A11,23612,96813,14714,32415,050
Operating income6,4213,7013,9514,8753,711
Pretax income6,2244,2714,6934,8324,594
Income tax1,4451,081956254-111
Net income attributable to owners3,2512,2232,4803,1783,054
Operating margin15.3%8.5%8.9%10.0%7.7%

Balance sheet (reported items)

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

Assets

Cash 9%
Property, plant and equipment 38%
1%
Investment securities 14%
Other assets 38%

Funding

Other liabilities 26%
Equity 74%
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¥10.4B¥6.71B¥10.7B¥7.6B¥8.13B
Total assets¥66.4B¥72.1B¥81.2B¥79.9B¥86.4B
Net assets¥47.9B¥49.9B¥57.4B¥58.5B¥63.6B
Share capital¥11.2B¥11.2B¥11.2B¥11.2B¥11.2B
Property, plant and equipment¥22.4B¥23.7B¥28.7B¥29.5B¥32.4B
Intangible assets excluding goodwill¥243M¥241M¥558M¥967M¥811M
Goodwill¥43M¥32M¥22M¥7M—
Investment securities¥7.99B¥8.52B¥10.9B¥10.2B¥11.9B
Current assets¥34B¥36.6B¥38.7B¥36.4B¥37.2B
Current liabilities¥11.5B¥13B¥14.8B¥13.9B¥13.6B
Trade payables¥4.74B¥4.6B¥5.13B¥4.76B—
Short-term borrowings¥2B¥4.16B¥4.16B¥4.16B¥4.16B
Long-term borrowings¥3.37B¥5.23B¥4.35B¥3.09B¥4.21B
Total liabilities¥18.5B¥22.2B¥23.7B¥21.3B¥22.8B
Non-controlling interests¥6.5B¥7.06B¥9.71B¥9.93B¥11B
Equity attributable to owners of parent¥35.1B¥36.1B¥38.2B¥40.7B¥43.3B
Retained earnings¥16.9B¥18.6B¥20.7B¥23.2B¥25.4B
Treasury stock-¥1.67B-¥1.64B-¥1.59B-¥1.56B-¥1.54B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第168期(2025/04/01－2026/03/31)

    ID S100YGIX2026-06-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第167期(2024/04/01－2025/03/31)

    ID S100W3EU2025-06-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第166期(2023/04/01－2024/03/31)

    ID S100TQ0E2024-06-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第165期(2022/04/01－2023/03/31)

    ID S100R1S92023-06-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第164期(令和3年4月1日－令和4年3月31日)

    ID S100ODTM2022-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第163期(令和2年4月1日－令和3年3月31日)

    ID S100LN5P2021-06-23Open

Extracted from XBRL: 52 / Derived from other figures: 1

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