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IbidenIBIDEN CO.,LTD.4062東証プライム電気機器FY ending Mar 2026, consolidated, J-GAAP

Ibiden revenue and profit

Out of every ¥100 of sales, about ¥15 is left as operating profit. Revenue changed +12.7% from the prior year, operating profit +30.3%.

Five-year trend

Revenue¥416.2B
FY ending Mar 2022: ¥401.1B¥401.1BFY ending Mar 2023: ¥417.5B¥417.5BFY ending Mar 2024: ¥370.5B¥370.5BFY ending Mar 2025: ¥369.4B¥369.4BFY ending Mar 2026: ¥416.2B¥416.2BFY22FY23FY24FY25FY26
Operating income¥62B
FY ending Mar 2022: ¥70.8B¥70.8BFY ending Mar 2023: ¥72.4B¥72.4BFY ending Mar 2024: ¥47.6B¥47.6BFY ending Mar 2025: ¥47.6B¥47.6BFY ending Mar 2026: ¥62B¥62BFY22FY23FY24FY25FY26
Operating margin14.9%
FY ending Mar 2022: 17.7%17.7%FY ending Mar 2023: 17.3%17.3%FY ending Mar 2024: 12.8%12.8%FY ending Mar 2025: 12.9%12.9%FY ending Mar 2026: 14.9%14.9%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin15.3%
Asset turnover0.41×
ROA6.2%
ROA6.2%
Financial leverage2.33×
ROE14.6%

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

Net margin15.3%
2022: 10.3%10.3%2023: 12.5%12.5%2024: 8.5%8.5%2025: 9.1%9.1%2026: 15.3%15.3%2223242526
Asset turnover0.41×
2022: 0.60×0.60×2023: 0.55×0.55×2024: 0.37×0.37×2025: 0.33×0.33×2026: 0.41×0.41×2223242526
ROA6.2%
2022: 6.2%6.2%2023: 6.9%6.9%2024: 3.2%3.2%2025: 3.0%3.0%2026: 6.2%6.2%2223242526
Financial leverage2.33×
2022: 2.14×2.14×2023: 2.29×2.29×2024: 2.70×2.70×2025: 2.80×2.80×2026: 2.33×2.33×2223242526
ROE14.6%
2022: 13.3%13.3%2023: 15.7%15.7%2024: 8.5%8.5%2025: 8.5%8.5%2026: 14.6%14.6%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202210.3%0.60×6.2%2.14×13.3%
202312.5%0.55×6.9%2.29×15.7%
20248.5%0.37×3.2%2.70×8.5%
20259.1%0.33×3.0%2.80×8.5%
202615.3%0.41×6.2%2.33×14.6%

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 ÷ revenue105.2%
2021: 66.4%66.4%2022: 56.3%56.3%2023: 73.5%73.5%2024: 110.3%110.3%2025: 124.5%124.5%2026: 105.2%105.2%212223242526
PPE ÷ total assets45.6%
2021: 37.1%37.1%2022: 34.0%34.0%2023: 35.8%35.8%2024: 36.2%36.2%2025: 42.5%42.5%2026: 45.6%45.6%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¥29.9B
2021: ¥16.8B¥16.8B2022: ¥15.7B¥15.7B2023: ¥19.7B¥19.7B2024: ¥20.2B¥20.2B2025: ¥27.5B¥27.5B2026: ¥29.9B¥29.9B212223242526
R&D / revenue7.2%
2021: 5.2%5.2%2022: 3.9%3.9%2023: 4.7%4.7%2024: 5.5%5.5%2025: 7.4%7.4%2026: 7.2%7.2%212223242526
Receivable days—
2021: 101d101d212223242526
Payable days43d
2021: 70d70d2022: 53d53d2023: 36d36d2024: 43d43d2025: 41d41d2026: 43d43d212223242526

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
Revenue401,138417,549370,511369,436416,201
Cost of revenue281,059290,033268,040256,108284,532
Gross profit120,079127,515102,471113,328131,668
SG&A49,25855,15254,90265,70669,640
Operating income70,82172,36247,56847,62162,027
Pretax income59,25271,70247,43551,45191,092
Income tax17,68819,28815,68517,40026,929
Net income attributable to owners41,23252,18731,49033,70463,713
Operating margin17.7%17.3%12.8%12.9%14.9%

Balance sheet (reported items)

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

Assets

Cash 31%
Property, plant and equipment 46%
0%
3%
Other assets 20%

Funding

4%
Other liabilities 38%
Equity 58%
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¥185.6B¥302.4B¥443.6B¥390.7B¥292.9B
Total assets¥664.3B¥857.5B¥1.13T¥1.08T¥960.4B
Net assets¥370.7B¥425.6B¥501.8B¥497.3B¥557.4B
Share capital¥64.2B¥64.2B¥64.2B¥64.2B¥64.2B
Property, plant and equipment¥225.9B¥307B¥408.8B¥460.1B¥437.7B
Intangible assets excluding goodwill¥5.45B¥5.18B¥4.59B¥4.35B¥4.42B
Investment securities¥64.6B¥61.3B¥110.2B¥58.8B¥32.3B
Current assets¥363.3B¥476.8B¥600.8B¥549.6B¥465.5B
Current liabilities¥156.2B¥223.3B¥358.4B¥327.7B¥221.6B
Trade payables¥40.6B¥28.3B¥31.4B¥28.5B¥33.7B
Short-term borrowings¥20B¥65B¥55B¥50B—
Long-term borrowings¥80B¥105B¥115B¥120B¥60B
Bonds¥50B¥100B¥65B¥60B¥45B
Interest-bearing debt¥150Bderived¥270Bderived¥235Bderived¥230Bderived—
Total liabilities¥293.6B¥431.9B¥628.2B¥584.4B¥403B
Non-controlling interests¥6.15B¥6.37B¥6.85B¥6.8B¥7.34B
Equity attributable to owners of parent¥310B¥355.3B¥381.4B¥409B¥465.8B
Retained earnings¥184.6B¥229.8B¥255.7B¥283.8B¥340.5B
Treasury stock-¥3.26B-¥3.13B-¥2.98B-¥3.5B-¥3.45B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    訂正有価証券報告書－第173期(2025/04/01－2026/03/31)

    ID S100YFCS2026-06-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第172期(2024/04/01－2025/03/31)

    ID S100VXHK2025-06-19Open

  • EDINET (FSA Japan)

    有価証券報告書－第171期(2023/04/01－2024/03/31)

    ID S100TLL32024-06-13Open

  • EDINET (FSA Japan)

    有価証券報告書－第170期(2022/04/01－2023/03/31)

    ID S100QXXT2023-06-15Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第169期(2021/04/01－2022/03/31)

    ID S100Q3GD2023-02-15Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第168期(令和2年4月1日－令和3年3月31日)

    ID S100MCNJ2021-08-30Open

Extracted from XBRL: 54 / Derived from other figures: 1

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