inspecinspec Inc.6656東証スタンダード電気機器FY ending Apr 2026, non-consolidated, J-GAAP

inspec revenue and profit

Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +10.8% from the prior year, operating profit -0.3%.

Five-year trend

Revenue¥2.48B
FY ending Apr 2022: ¥1.76B¥1.76BFY ending Apr 2023: ¥2.29B¥2.29BFY ending Apr 2024: ¥1.67B¥1.67BFY ending Apr 2025: ¥2.24B¥2.24BFY ending Apr 2026: ¥2.48B¥2.48BFY22FY23FY24FY25FY26
Operating income¥108.3M
FY ending Apr 2022: ¥18.9M¥18.9MFY ending Apr 2023: ¥106.5M¥106.5MFY ending Apr 2024: -¥233.3M-¥233.3MFY ending Apr 2025: ¥108.7M¥108.7MFY ending Apr 2026: ¥108.3M¥108.3MFY22FY23FY24FY25FY26
Operating margin4.4%
FY ending Apr 2022: 1.1%1.1%FY ending Apr 2023: 4.6%4.6%FY ending Apr 2024: -14.0%-14.0%FY ending Apr 2025: 4.9%4.9%FY ending Apr 2026: 4.4%4.4%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin3.1%
Asset turnover0.74×
ROA2.3%
ROA2.3%
Financial leverage4.28×
ROE9.8%

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

Net margin3.1%
2022: 8.8%8.8%2023: 3.4%3.4%2026: 3.1%3.1%2223242526
Asset turnover0.74×
2022: 0.54×0.54×2023: 0.63×0.63×2026: 0.74×0.74×2223242526
ROA2.3%
2022: 4.7%4.7%2023: 2.2%2.2%2024: -9.2%-9.2%2025: -4.2%-4.2%2026: 2.3%2.3%2223242526
Financial leverage4.28×
2022: 3.57×3.57×2023: 3.37×3.37×2026: 4.28×4.28×2223242526
ROE9.8%
2022: 16.9%16.9%2023: 7.3%7.3%2026: 9.8%9.8%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20228.8%0.54×4.7%3.57×16.9%
20233.4%0.63×2.2%3.37×7.3%
2024——×-9.2%—×—
2025——×-4.2%—×—
20263.1%0.74×2.3%4.28×9.8%

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 ÷ revenue35.0%
2021: 63.9%63.9%2022: 59.8%59.8%2023: 46.5%46.5%2024: 54.1%54.1%2025: 32.9%32.9%2026: 35.0%35.0%212223242526
PPE ÷ total assets23.2%
2021: 30.1%30.1%2022: 32.2%32.2%2023: 26.8%26.8%2024: 24.1%24.1%2025: 24.5%24.5%2026: 23.2%23.2%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¥256M
2021: ¥179M¥179M2022: ¥227M¥227M2023: ¥285M¥285M2024: ¥425M¥425M2026: ¥256M¥256M212223242526
R&D / revenue10.3%
2021: 14.1%14.1%2022: 12.9%12.9%2023: 12.4%12.4%2024: 25.5%25.5%2026: 10.3%10.3%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 Apr 2022FY ending Apr 2023FY ending Apr 2024FY ending Apr 2025FY ending Apr 2026
Revenue1,7622,2901,6682,2382,479
Cost of revenue1,1001,4451,0591,3331,622
Gross profit663846609905857
SG&A644739843796749
Operating income19106-233109108
Pretax income13283-334-13081
Income tax-23520124
Net income attributable to owners15579-354-14277
Operating margin1.1%4.6%-14.0%4.9%4.4%

Balance sheet (reported items)

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

Assets

Cash 12%
Property, plant and equipment 23%
1%
Other assets 64%

Funding

Other liabilities 72%
Equity 28%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Apr 2022FY ending Apr 2023FY ending Apr 2024FY ending Apr 2025FY ending Apr 2026
Cash and equivalents¥558.8M¥437.1M¥594.6M¥396.3M¥454.5M
Total assets¥3.28B¥3.98B¥3.74B¥3B¥3.74B
Net assets¥1.09B¥1.41B¥1.08B¥958.6M¥1.04B
Share capital¥678M¥802.6M¥810.5M¥813.9M¥813.9M
Property, plant and equipment¥1.05B¥1.06B¥902.1M¥736.1M¥867.6M
Intangible assets excluding goodwill¥33M¥40.4M¥41.2M¥26M¥27.6M
Current assets¥2.15B¥2.85B¥2.79B¥2.23B¥2.83B
Current liabilities¥1.08B¥1.63B¥1.89B¥1.43B¥2.23B
Short-term borrowings¥600M¥1.2B¥1.5B¥1B¥1.72B
Long-term borrowings¥969.8M¥815.5M¥661.3M¥507.1M¥376.6M
Total liabilities¥2.19B¥2.57B¥2.66B¥2.04B¥2.7B
Equity attributable to owners of parent¥916.9M¥1.23B¥883.6M¥748.2M¥825M
Retained earnings¥160.4M¥227.8M-¥137.9M-¥280.2M-¥203.4M
Treasury stock-¥372K-¥372K-¥426K-¥426K-¥426K

Sources

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

    有価証券報告書-第38期(2025/05/01-2026/04/30)

    ID S100YR8L2026-07-17Open
  • EDINET (FSA Japan)

    有価証券報告書-第37期(2024/05/01-2025/04/30)

    ID S100WEBL2025-07-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第36期(2023/05/01-2024/04/30)

    ID S100U4L82024-07-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第35期(2022/05/01-2023/04/30)

    ID S100RHDI2023-07-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第34期(令和3年5月1日-令和4年4月30日)

    ID S100OS302022-07-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第33期(令和2年5月1日-令和3年4月30日)

    ID S100M29Z2021-07-28Open

Extracted from XBRL: 45 / Derived from other figures: 2

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.