Japan Electronic MaterialsJAPAN ELECTRONIC MATERIALS CORPORATION6855東証スタンダード電気機器FY ending Mar 2026, consolidated, J-GAAP

Japan Electronic Materials revenue and profit

Out of every ¥100 of sales, about ¥25 is left as operating profit. Revenue changed +23.2% from the prior year, operating profit +58.1%.

Five-year trend

Revenue¥29.4B
FY ending Mar 2022: ¥23.6B¥23.6BFY ending Mar 2023: ¥20.8B¥20.8BFY ending Mar 2024: ¥17.5B¥17.5BFY ending Mar 2025: ¥23.8B¥23.8BFY ending Mar 2026: ¥29.4B¥29.4BFY22FY23FY24FY25FY26
Operating income¥7.25B
FY ending Mar 2022: ¥4.95B¥4.95BFY ending Mar 2023: ¥3.21B¥3.21BFY ending Mar 2024: ¥870M¥870MFY ending Mar 2025: ¥4.58B¥4.58BFY ending Mar 2026: ¥7.25B¥7.25BFY22FY23FY24FY25FY26
Operating margin24.7%
FY ending Mar 2022: 21.0%21.0%FY ending Mar 2023: 15.4%15.4%FY ending Mar 2024: 5.0%5.0%FY ending Mar 2025: 19.2%19.2%FY ending Mar 2026: 24.7%24.7%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin18.6%
Asset turnover0.60×
ROA11.1%
ROA11.1%
Financial leverage1.40×
ROE15.5%

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

Net margin18.6%
2022: 16.1%16.1%2023: 12.6%12.6%2024: 3.6%3.6%2025: 14.5%14.5%2026: 18.6%18.6%2223242526
Asset turnover0.60×
2022: 0.72×0.72×2023: 0.63×0.63×2024: 0.52×0.52×2025: 0.64×0.64×2026: 0.60×0.60×2223242526
ROA11.1%
2022: 11.5%11.5%2023: 8.0%8.0%2024: 1.8%1.8%2025: 9.3%9.3%2026: 11.1%11.1%2223242526
Financial leverage1.40×
2022: 1.52×1.52×2023: 1.44×1.44×2024: 1.41×1.41×2025: 1.47×1.47×2026: 1.40×1.40×2223242526
ROE15.5%
2022: 17.5%17.5%2023: 11.5%11.5%2024: 2.6%2.6%2025: 13.6%13.6%2026: 15.5%15.5%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202216.1%0.72×11.5%1.52×17.5%
202312.6%0.63×8.0%1.44×11.5%
20243.6%0.52×1.8%1.41×2.6%
202514.5%0.64×9.3%1.47×13.6%
202618.6%0.60×11.1%1.40×15.5%

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 ÷ revenue44.0%
2021: 35.2%35.2%2022: 27.5%27.5%2023: 32.6%32.6%2024: 45.2%45.2%2025: 44.6%44.6%2026: 44.0%44.0%212223242526
PPE ÷ total assets22.1%
2021: 25.5%25.5%2022: 19.7%19.7%2023: 20.7%20.7%2024: 22.7%22.7%2025: 26.7%26.7%2026: 22.1%22.1%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¥1.68B
2021: ¥1.45B¥1.45B2022: ¥1.41B¥1.41B2023: ¥1.5B¥1.5B2024: ¥1.63B¥1.63B2025: ¥1.54B¥1.54B2026: ¥1.68B¥1.68B212223242526
R&D / revenue5.7%
2021: 7.8%7.8%2022: 6.0%6.0%2023: 7.2%7.2%2024: 9.4%9.4%2025: 6.5%6.5%2026: 5.7%5.7%212223242526
Receivable days—
2021: 152d152d212223242526
Payable days—
2021: 37d37d212223242526

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
Revenue23,59920,78117,46123,82929,366
Cost of revenue14,62713,39312,21714,37016,482
Gross profit8,9717,3885,2439,45812,883
SG&A4,0184,1834,3734,8735,634
Operating income4,9533,2058704,5857,249
Pretax income5,0923,4651,0074,6277,281
Income tax1,2908533841,1721,830
Net income attributable to owners3,8022,6126223,4545,451
Operating margin21.0%15.4%5.0%19.2%24.7%

Balance sheet (reported items)

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

Assets

Cash 45%
Property, plant and equipment 22%
1%
0%
Other assets 32%

Funding

Other liabilities 23%
Equity 77%
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¥11.5B¥12.5B¥13.6B¥11.5B¥26.3B
Total assets¥33B¥32.7B¥34.8B¥39.9B¥58.5B
Net assets¥21.8B¥24.2B¥24.7B¥27.9B¥44.9B
Share capital¥3.04B¥3.05B¥3.07B¥3.07B¥9.21B
Property, plant and equipment¥6.49B¥6.77B¥7.9B¥10.6B¥12.9B
Intangible assets excluding goodwill¥185M¥202M¥186M¥259M¥281M
Investment securities¥66M¥66M¥71M¥74M¥78M
Current assets¥25.5B¥25B¥26.1B¥28.5B¥43.6B
Current liabilities¥7.38B¥5.49B¥5.52B¥6.79B¥6.93B
Short-term borrowings—¥500M———
Long-term borrowings¥3.68B¥2.77B¥3.48B¥3.75B¥3.49B
Bonds——¥900M¥800M¥2.7B
Total liabilities¥11.2B¥8.45B¥10.1B¥11.9B¥13.6B
Equity attributable to owners of parent¥21.7B¥23.8B¥24B¥26.8B¥43.6B
Retained earnings¥15.4B¥17.5B¥17.6B¥20.4B¥25B
Treasury stock-¥15M-¥15M-¥16M-¥16M-¥16M

Sources

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

    有価証券報告書-第67期(2025/04/01-2026/03/31)

    ID S100YHWG2026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第66期(2024/04/01-2025/03/31)

    ID S100W3ST2025-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第65期(2023/04/01-2024/03/31)

    ID S100TQTH2024-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第64期(2022/04/01-2023/03/31)

    ID S100R2732023-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第63期(令和3年4月1日-令和4年3月31日)

    ID S100OES62022-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第62期(令和2年4月1日-令和3年3月31日)

    ID S100LPVS2021-06-25Open

Extracted from XBRL: 50 / Derived from other figures: 1

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