IkuyoIKUYO CO.,LTD.7273東証スタンダード輸送用機器FY ending Mar 2026, consolidated, J-GAAP

Ikuyo revenue and profit

Out of every ¥100 of sales, about ¥2 is left as operating profit. Revenue changed +70.0% from the prior year, operating profit +1274.9%.

Five-year trend

Revenue¥30.1B
FY ending Mar 2022: ¥13.2B¥13.2BFY ending Mar 2023: ¥14.6B¥14.6BFY ending Mar 2024: ¥17.4B¥17.4BFY ending Mar 2025: ¥17.7B¥17.7BFY ending Mar 2026: ¥30.1B¥30.1BFY22FY23FY24FY25FY26
Operating income¥540M
FY ending Mar 2022: ¥356.2M¥356.2MFY ending Mar 2023: ¥695.3M¥695.3MFY ending Mar 2024: ¥712.1M¥712.1MFY ending Mar 2025: ¥39.3M¥39.3MFY ending Mar 2026: ¥540M¥540MFY22FY23FY24FY25FY26
Operating margin1.8%
FY ending Mar 2022: 2.7%2.7%FY ending Mar 2023: 4.8%4.8%FY ending Mar 2024: 4.1%4.1%FY ending Mar 2025: 0.2%0.2%FY ending Mar 2026: 1.8%1.8%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin9.1%
Asset turnover1.23×
ROA11.2%
ROA11.2%
Financial leverage2.57×
ROE28.8%

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

Net margin9.1%
2022: 3.3%3.3%2023: 3.4%3.4%2024: 2.8%2.8%2025: 0.3%0.3%2026: 9.1%9.1%2223242526
Asset turnover1.23×
2022: 1.18×1.18×2023: 1.16×1.16×2024: 1.18×1.18×2025: 1.12×1.12×2026: 1.23×1.23×2223242526
ROA11.2%
2022: 3.9%3.9%2023: 3.9%3.9%2024: 3.3%3.3%2025: 0.3%0.3%2026: 11.2%11.2%2223242526
Financial leverage2.57×
2022: 2.34×2.34×2023: 2.51×2.51×2024: 2.69×2.69×2025: 2.61×2.61×2026: 2.57×2.57×2223242526
ROE28.8%
2022: 9.1%9.1%2023: 9.9%9.9%2024: 8.9%8.9%2025: 0.7%0.7%2026: 28.8%28.8%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.3%1.18×3.9%2.34×9.1%
20233.4%1.16×3.9%2.51×9.9%
20242.8%1.18×3.3%2.69×8.9%
20250.3%1.12×0.3%2.61×0.7%
20269.1%1.23×11.2%2.57×28.8%

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 ÷ revenue29.8%
2021: 51.5%51.5%2022: 36.5%36.5%2023: 49.2%49.2%2024: 45.8%45.8%2025: 40.4%40.4%2026: 29.8%29.8%212223242526
PPE ÷ total assets27.4%
2021: 53.0%53.0%2022: 43.3%43.3%2023: 51.4%51.4%2024: 51.3%51.3%2025: 44.1%44.1%2026: 27.4%27.4%212223242526
Goodwill ÷ parent equity11.5%
2026: 11.5%11.5%212223242526
Goodwill balance¥1.46B
2026: ¥1.46B¥1.46B212223242526

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¥347.4M
2021: ¥56.5M¥56.5M2022: ¥54.7M¥54.7M2023: ¥91.1M¥91.1M2024: ¥111.3M¥111.3M2025: ¥67.3M¥67.3M2026: ¥347.4M¥347.4M212223242526
R&D / revenue1.2%
2021: 0.5%0.5%2022: 0.4%0.4%2023: 0.6%0.6%2024: 0.6%0.6%2025: 0.4%0.4%2026: 1.2%1.2%212223242526
Receivable days70d
2021: 59d59d2025: 63d63d2026: 70d70d212223242526
Payable days41d
2021: 92d92d2022: 80d80d2023: 89d89d2024: 90d90d2025: 54d54d2026: 41d41d212223242526

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
Revenue13,23914,60917,35117,73630,145
Cost of revenue11,50312,43914,94615,73325,675
Gross profit1,7362,1702,4052,0044,469
SG&A1,3801,4751,6931,9643,929
Operating income35669571239540
Pretax income530698647495,504
Income tax9320415572,382
Net income attributable to owners432494489452,757
Operating margin2.7%4.8%4.1%0.2%1.8%

Balance sheet (reported items)

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

Assets

Cash 13%
Receivables 18%
Property, plant and equipment 27%
Intangibles and goodwill 16%
6%
Other assets 20%

Funding

Trade payables 9%
Other liabilities 42%
Equity 49%

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¥2.28B¥1.35B¥1.67B¥1.5B¥4.24B
Total assets¥11.2B¥14B¥15.5B¥16.3B¥32.9B
Net assets¥4.83B¥5.27B¥6.04B¥7.07B¥16.3B
Share capital¥2.3B¥2.3B¥2.3B¥2.66B¥4.75B
Trade receivables———¥3.08B¥5.77B
Property, plant and equipment¥4.84B¥7.19B¥7.95B¥7.16B¥9B
Intangible assets excluding goodwill¥398.5M¥424.1M¥505.1M¥486.8M¥3.97B
Goodwill————¥1.46B
Investment securities¥294.4M¥410.3M¥367.1M¥349.8M¥1.97B
Current assets¥5.53B¥5.87B¥6.57B¥8.15B¥15.3B
Current liabilities¥3.9B¥6.01B¥6.69B¥6.95B¥9.83B
Trade payables¥2.54B¥3.03B¥3.67B¥2.33B¥2.88B
Short-term borrowings—¥420M¥840M¥1B¥1.19B
Long-term borrowings¥1.62B¥1.89B¥2.02B¥1.59B¥1.88B
Total liabilities¥6.35B¥8.73B¥9.44B¥9.18B¥16.6B
Non-controlling interests¥33.9M¥34.4M¥40.2M¥44.5M¥2.91B
Equity attributable to owners of parent¥4.77B¥5.25B¥5.71B¥6.43B¥12.7B
Retained earnings¥2.48B¥2.96B¥3.42B¥3.41B¥5.46B
Treasury stock-¥26.9M-¥27.1M-¥27.1M-¥27.3M-¥50.3M

Sources

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

    有価証券報告書-第87期(2025/04/01-2026/03/31)

    ID S100YLTN2026-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第86期(2024/04/01-2025/03/31)

    ID S100W6U02025-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第85期(2023/04/01-2024/03/31)

    ID S100TUGF2024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第84期(2022/04/01-2023/03/31)

    ID S100R67X2023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第83期(令和3年4月1日-令和4年3月31日)

    ID S100OJTP2022-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第82期(令和2年4月1日-令和3年3月31日)

    ID S100LQ5Q2021-06-25Open

Extracted from XBRL: 56 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.