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THE Japan Wool TextileTHE JAPAN WOOL TEXTILE CO., LTD.3201東証プライム繊維製品FY ending Nov 2025, consolidated, J-GAAP

THE Japan Wool Textile revenue and profit

Out of every ¥100 of sales, about ¥10 is left as operating profit. Revenue changed +3.4% from the prior year, operating profit +2.3%.

Five-year trend

Revenue¥119.4B
FY ending Nov 2021: ¥106.6B¥106.6BFY ending Nov 2022: ¥109B¥109BFY ending Nov 2023: ¥113.5B¥113.5BFY ending Nov 2024: ¥115.4B¥115.4BFY ending Nov 2025: ¥119.4B¥119.4BFY21FY22FY23FY24FY25
Operating income¥11.9B
FY ending Nov 2021: ¥9.9B¥9.9BFY ending Nov 2022: ¥10.7B¥10.7BFY ending Nov 2023: ¥11B¥11BFY ending Nov 2024: ¥11.6B¥11.6BFY ending Nov 2025: ¥11.9B¥11.9BFY21FY22FY23FY24FY25
Operating margin10.0%
FY ending Nov 2021: 9.3%9.3%FY ending Nov 2022: 9.8%9.8%FY ending Nov 2023: 9.7%9.7%FY ending Nov 2024: 10.1%10.1%FY ending Nov 2025: 10.0%10.0%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin7.6%
Asset turnover0.65×
ROA4.9%
ROA4.9%
Financial leverage1.65×
ROE8.1%

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

Net margin7.6%
2021: 7.8%7.8%2022: 6.7%6.7%2023: 6.7%6.7%2024: 7.8%7.8%2025: 7.6%7.6%2122232425
Asset turnover0.65×
2021: 0.65×0.65×2022: 0.67×0.67×2023: 0.69×0.69×2024: 0.67×0.67×2025: 0.65×0.65×2122232425
ROA4.9%
2021: 5.1%5.1%2022: 4.5%4.5%2023: 4.6%4.6%2024: 5.2%5.2%2025: 4.9%4.9%2122232425
Financial leverage1.65×
2021: 1.65×1.65×2022: 1.63×1.63×2023: 1.60×1.60×2024: 1.61×1.61×2025: 1.65×1.65×2122232425
ROE8.1%
2021: 8.4%8.4%2022: 7.3%7.3%2023: 7.4%7.4%2024: 8.4%8.4%2025: 8.1%8.1%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20217.8%0.65×5.1%1.65×8.4%
20226.7%0.67×4.5%1.63×7.3%
20236.7%0.69×4.6%1.60×7.4%
20247.8%0.67×5.2%1.61×8.4%
20257.6%0.65×4.9%1.65×8.1%

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 ÷ revenue44.3%
2020: 37.5%37.5%2021: 44.7%44.7%2022: 43.3%43.3%2023: 40.2%40.2%2024: 43.5%43.5%2025: 44.3%44.3%202122232425
PPE ÷ total assets27.8%
2020: 26.7%26.7%2021: 29.1%29.1%2022: 28.9%28.9%2023: 27.5%27.5%2024: 27.9%27.9%2025: 27.8%27.8%202122232425
Goodwill ÷ parent equity0.4%
2020: 1.2%1.2%2021: 0.8%0.8%2022: 0.4%0.4%2023: 0.9%0.9%2024: 0.6%0.6%2025: 0.4%0.4%202122232425
Goodwill balance¥440M
2020: ¥1.09B¥1.09B2021: ¥787M¥787M2022: ¥376M¥376M2023: ¥954M¥954M2024: ¥625M¥625M2025: ¥440M¥440M202122232425

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¥1.11B
2020: ¥904M¥904M2021: ¥922M¥922M2022: ¥853M¥853M2023: ¥901M¥901M2024: ¥985M¥985M2025: ¥1.11B¥1.11B202122232425
R&D / revenue0.9%
2020: 0.9%0.9%2021: 0.9%0.9%2022: 0.8%0.8%2023: 0.8%0.8%2024: 0.9%0.9%2025: 0.9%0.9%202122232425
Receivable days—
2020: 78d78d2021: 87d87d202122232425
Payable days42d
2020: 47d47d2021: 51d51d2022: 50d50d2023: 46d46d2024: 57d57d2025: 42d42d202122232425

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 Nov 2021FY ending Nov 2022FY ending Nov 2023FY ending Nov 2024FY ending Nov 2025
Revenue106,619109,048113,497115,438119,377
Cost of revenue75,33376,23879,47882,43085,107
Gross profit31,28532,81034,01833,00734,269
SG&A21,38422,10223,00221,36722,355
Operating income9,90010,70711,01611,64011,913
Pretax income10,99711,11211,37311,36913,262
Income tax2,5193,8633,5942,4274,144
Net income attributable to owners8,3087,2837,6438,9709,090
Operating margin9.3%9.8%9.7%10.1%10.0%

Balance sheet (reported items)

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

Assets

Cash 16%
Property, plant and equipment 28%
1%
Investment securities 20%
Other assets 35%

Funding

5%
7%
Other liabilities 18%
Equity 70%
0%

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

ItemFY ending Nov 2021FY ending Nov 2022FY ending Nov 2023FY ending Nov 2024FY ending Nov 2025
Cash and equivalents¥41.1B¥34.4B¥35.3B¥33.4B¥31.3B
Total assets¥163.6B¥163.4B¥166.1B¥179.9B¥189.8B
Net assets¥104.6B¥107.7B¥114.1B¥123.7B¥132.2B
Share capital¥6.46B¥6.46B¥6.46B¥6.46B¥6.46B
Trade receivables¥25.4B————
Property, plant and equipment¥47.7B¥47.2B¥45.7B¥50.2B¥52.8B
Intangible assets excluding goodwill¥1.46B¥1.1B¥1.77B¥1.6B¥1.86B
Goodwill¥787M¥376M¥954M¥625M¥440M
Investment securities¥18.6B¥22.1B¥22.5B¥26.7B¥37.1B
Current assets¥91.2B¥88.9B¥92.8B¥97.3B¥92.7B
Current liabilities¥40.2B¥38.2B¥34.3B¥38.2B¥35.4B
Trade payables¥10.5B¥10.5B¥10.1B¥12.8B¥9.78B
Short-term borrowings¥16.7B¥16.3B¥12.6B¥11.9B¥11.6B
Long-term borrowings¥4.15B¥2.85B¥1.97B¥1.17B¥2.6B
Bonds¥120M¥60M¥62M¥41M¥23M
Interest-bearing debt¥21Bderived¥19.2Bderived¥14.6Bderived¥13.1Bderived¥14.2Bderived
Total liabilities¥59B¥55.6B¥52B¥56.2B¥57.6B
Non-controlling interests¥1.68B¥1.1B¥987M¥930M¥498M
Equity attributable to owners of parent¥99.3B¥101.4B¥104.2B¥110.6B¥113.7B
Retained earnings¥96.9B¥96.4B¥101.8B¥106.5B¥110.8B
Treasury stock-¥9.1B-¥5.93B-¥8.11B-¥6.35B-¥7.43B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第195期(2024/12/01－2025/11/30)

    ID S100XLV82026-02-20Open

  • EDINET (FSA Japan)

    有価証券報告書－第194期(2023/12/01－2024/11/30)

    ID S100V93S2025-02-21Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第193期(2022/12/01－2023/11/30)

    ID S100T7C22024-04-05Open

  • EDINET (FSA Japan)

    有価証券報告書－第192期(2021/12/01－2022/11/30)

    ID S100Q9X62023-02-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第191期(令和2年12月1日－令和3年11月30日)

    ID S100NJWH2022-02-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第190期(令和1年12月1日－令和2年11月30日)

    ID S100KU9A2021-02-25Open

Extracted from XBRL: 55 / Derived from other figures: 2

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