IwabuchiIWABUCHI CORPORATION5983東証スタンダード金属製品FY ending Mar 2026, consolidated, J-GAAP

Iwabuchi revenue and profit

Out of every ¥100 of sales, about ¥11 is left as operating profit. Revenue changed +7.0% from the prior year, operating profit +65.8%.

Five-year trend

Revenue¥13.5B
FY ending Mar 2022: ¥10.3B¥10.3BFY ending Mar 2023: ¥11.1B¥11.1BFY ending Mar 2024: ¥11.8B¥11.8BFY ending Mar 2025: ¥12.6B¥12.6BFY ending Mar 2026: ¥13.5B¥13.5BFY22FY23FY24FY25FY26
Operating income¥1.46B
FY ending Mar 2022: ¥415M¥415MFY ending Mar 2023: ¥255.3M¥255.3MFY ending Mar 2024: ¥852.9M¥852.9MFY ending Mar 2025: ¥878.6M¥878.6MFY ending Mar 2026: ¥1.46B¥1.46BFY22FY23FY24FY25FY26
Operating margin10.8%
FY ending Mar 2022: 4.0%4.0%FY ending Mar 2023: 2.3%2.3%FY ending Mar 2024: 7.2%7.2%FY ending Mar 2025: 6.9%6.9%FY ending Mar 2026: 10.8%10.8%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin7.0%
Asset turnover0.51×
ROA3.6%
ROA3.6%
Financial leverage1.46×
ROE5.2%

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

Net margin7.0%
2022: 7.4%7.4%2023: 7.1%7.1%2024: 5.7%5.7%2025: 5.5%5.5%2026: 7.0%7.0%2223242526
Asset turnover0.51×
2022: 0.45×0.45×2023: 0.47×0.47×2024: 0.48×0.48×2025: 0.50×0.50×2026: 0.51×0.51×2223242526
ROA3.6%
2022: 3.3%3.3%2023: 3.4%3.4%2024: 2.8%2.8%2025: 2.8%2.8%2026: 3.6%3.6%2223242526
Financial leverage1.46×
2022: 1.40×1.40×2023: 1.40×1.40×2024: 1.42×1.42×2025: 1.43×1.43×2026: 1.46×1.46×2223242526
ROE5.2%
2022: 4.6%4.6%2023: 4.7%4.7%2024: 3.9%3.9%2025: 4.0%4.0%2026: 5.2%5.2%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20227.4%0.45×3.3%1.40×4.6%
20237.1%0.47×3.4%1.40×4.7%
20245.7%0.48×2.8%1.42×3.9%
20255.5%0.50×2.8%1.43×4.0%
20267.0%0.51×3.6%1.46×5.2%

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 ÷ revenue62.5%
2021: 55.9%55.9%2022: 74.2%74.2%2023: 73.6%73.6%2024: 67.9%67.9%2025: 68.2%68.2%2026: 62.5%62.5%212223242526
PPE ÷ total assets31.0%
2021: 27.6%27.6%2022: 33.2%33.2%2023: 34.2%34.2%2024: 32.0%32.0%2025: 33.9%33.9%2026: 31.0%31.0%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¥346.8M
2021: ¥183.4M¥183.4M2022: ¥216.3M¥216.3M2023: ¥235.4M¥235.4M2024: ¥255.3M¥255.3M2025: ¥337.3M¥337.3M2026: ¥346.8M¥346.8M212223242526
R&D / revenue2.6%
2021: 1.9%1.9%2022: 2.1%2.1%2023: 2.1%2.1%2024: 2.2%2.2%2025: 2.7%2.7%2026: 2.6%2.6%212223242526
Receivable days—
2021: 89d89d212223242526
Payable days29d
2021: 80d80d2022: 95d95d2023: 61d61d2024: 43d43d2025: 36d36d2026: 29d29d212223242526

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
Revenue10,26311,08311,76912,64213,528
Cost of revenue7,4698,1668,2278,9328,991
Gross profit2,7942,9173,5413,7104,538
SG&A2,3792,6622,6892,8313,081
Operating income4152558538791,457
Pretax income9259449639791,492
Income tax169156276256433
Net income attributable to owners755785674699940
Operating margin4.0%2.3%7.2%6.9%10.8%

Balance sheet (reported items)

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

Assets

Cash 19%
Property, plant and equipment 31%
1%
Investment securities 15%
Other assets 34%

Funding

3%
Other liabilities 18%
Equity 79%
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¥5.25B¥4.95B¥4.8B¥4.03B¥5.13B
Total assets¥23B¥23.8B¥25B¥25.5B¥27.3B
Net assets¥18.1B¥18.7B¥19.7B¥20.3B¥21.6B
Share capital¥1.5B¥1.5B¥1.5B¥1.5B¥1.5B
Property, plant and equipment¥7.61B¥8.15B¥7.99B¥8.62B¥8.46B
Intangible assets excluding goodwill¥189.2M¥368.4M¥333.9M¥274.9M¥211.3M
Investment securities¥1.46B¥2.05B¥2.67B¥2.87B¥4.08B
Current assets¥13.2B¥12.8B¥13.4B¥13B¥13.5B
Current liabilities¥2.93B¥2.58B¥2.67B¥2.81B¥2.88B
Trade payables¥1.94B¥1.36B¥958.4M¥874.3M¥720.6M
Short-term borrowings¥242.4M¥321.2M¥285.5M¥208.1M¥244.1M
Long-term borrowings¥306M¥739.5M¥693M¥502.8M¥478.3M
Total liabilities¥4.87B¥5.11B¥5.3B¥5.21B¥5.7B
Non-controlling interests¥986.2M¥982.3M¥993.9M¥1.02B¥1.14B
Equity attributable to owners of parent¥16.4B¥16.9B¥17.4B¥17.8B¥18.2B
Retained earnings¥13.8B¥14.4B¥14.8B¥15.3B¥15.9B
Treasury stock-¥151M-¥151.5M-¥152.6M-¥152.7M-¥429M

Sources

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

    有価証券報告書-第76期(2025/04/01-2026/03/31)

    ID S100YHYU2026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第75期(2024/04/01-2025/03/31)

    ID S100W5R12025-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第74期(2023/04/01-2024/03/31)

    ID S100TTBJ2024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第73期(2022/04/01-2023/03/31)

    ID S100R7H32023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第72期(令和3年4月1日-令和4年3月31日)

    ID S100OI7K2022-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第71期(令和2年4月1日-令和3年3月31日)

    ID S100LQMN2021-06-25Open

Extracted from XBRL: 53 / Derived from other figures: 1

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