IwataniIWATANI CORPORATION8088東証プライム卸売業FY ending Mar 2026, consolidated, J-GAAP

Iwatani FY ending Mar 2026 results

About 40% of Iwatani's sales come from Energy, with Industrial Gases and Machinery and Materials making up much of the rest.

Out of every ¥100 of sales, about ¥4 is left as operating profit.

Revenue changed +2.9% from the prior year, operating profit -17.1%.

Revenue and profit pattern

Revenue up, profit downRevenue grew faster

Revenue +2.9% · profit -17.1%, calculated from disclosed figures.

Operating leverage: -5.92× (profit growth ÷ revenue growth)

FY ending Mar 2025 → FY ending Mar 2026

Revenue for the FY ending Mar 2026 was ¥908.5B, up +2.9% from ¥883B.
Operating income dropped -17.1% from ¥46.2B to ¥38.3B, as gross profit barely moved (+0.7%) and did not keep up with higher SG&A.
Net income attributable to owners still rose +17.8% to ¥47.7B, lifted by gains from selling fixed assets.
Operating cash flow grew +12.8% to ¥59.1B, and free cash flow swung from negative to a positive ¥13.3B.

Lower LP gas import prices meant inventory bought at higher cost was sold at lower prices, cutting profit in the Energy segment.
A softer helium market reduced margins in industrial gases.
Higher sales of hydrogen and hydrogen equipment, plus rare earths and stainless steel in Materials, pushed revenue up.
Gains on the sale of fixed assets boosted the bottom line.

When LP gas import prices fall, the time lag between buying and selling squeezes profit.
LP gas sells mostly in winter, so profit is weighted to the second half of the year and depends on the weather.
As LP gas is a fossil fuel, new climate rules could affect results.

Annual Securities Report (83rd term) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report (83rd term) / 事業等のリスク

FY ending Mar 2025 → FY ending Mar 2026

For every ¥100 Iwatani sells, how much goes where, and how much is kept.

FY ending Mar 2026

Gross margin26.0%

Operating margin4.2%

Net margin5.2%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Energy¥367.7B
40%
Op. margin 3.7%Industry: Electric Power & Gas
Industrial Gases and Machinery¥288.7B
32%
Op. margin 5.3%Industry: Specialty Trading & Wholesale
Materials¥218.4B
24%
Op. margin 5.3%Industry: Specialty Trading & Wholesale
Other¥33.7B
4%
Op. margin 10.4%

※ Segment figures include inter-segment sales and do not sum to the company total

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第83期(2025/04/01－2026/03/31)
ID S100YBEM2026-06-16Open
EDINET (FSA Japan)
有価証券報告書－第82期(2024/04/01－2025/03/31)
ID S100VY242025-06-17Open
EDINET (FSA Japan)
有価証券報告書－第81期(2023/04/01－2024/03/31)
ID S100TNQ12024-06-20Open
EDINET (FSA Japan)
有価証券報告書－第80期(2022/04/01－2023/03/31)
ID S100R0HX2023-06-22Open
EDINET (FSA Japan)
有価証券報告書－第79期(令和3年4月1日－令和4年3月31日)
ID S100OB0D2022-06-23Open
EDINET (FSA Japan)
有価証券報告書－第78期(令和2年4月1日－令和3年3月31日)
ID S100LJ1L2021-06-24Open

Extracted from XBRL: 54 / Derived from other figures: 2

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