JFE SystemsJFE Systems, Inc.4832東証スタンダード情報・通信業FY ending Mar 2026, consolidated, J-GAAP

JFE Systems revenue and profit

Out of every ¥100 of sales, about ¥11 is left as operating profit. Revenue changed -10.3% from the prior year, operating profit -16.4%.

Five-year trend

Revenue¥57.4B
FY ending Mar 2022: ¥50.4B¥50.4BFY ending Mar 2023: ¥56.5B¥56.5BFY ending Mar 2024: ¥62B¥62BFY ending Mar 2025: ¥64B¥64BFY ending Mar 2026: ¥57.4B¥57.4BFY22FY23FY24FY25FY26
Operating income¥6.35B
FY ending Mar 2022: ¥5.61B¥5.61BFY ending Mar 2023: ¥6.25B¥6.25BFY ending Mar 2024: ¥7.4B¥7.4BFY ending Mar 2025: ¥7.59B¥7.59BFY ending Mar 2026: ¥6.35B¥6.35BFY22FY23FY24FY25FY26
Operating margin11.1%
FY ending Mar 2022: 11.1%11.1%FY ending Mar 2023: 11.1%11.1%FY ending Mar 2024: 11.9%11.9%FY ending Mar 2025: 11.9%11.9%FY ending Mar 2026: 11.1%11.1%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin7.4%
Asset turnover1.09×
ROA8.1%
ROA8.1%
Financial leverage1.60×
ROE12.9%

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

Net margin7.4%
2022: 7.4%7.4%2023: 7.7%7.7%2024: 8.0%8.0%2025: 8.5%8.5%2026: 7.4%7.4%2223242526
Asset turnover1.09×
2022: 1.28×1.28×2023: 1.38×1.38×2024: 1.39×1.39×2025: 1.28×1.28×2026: 1.09×1.09×2223242526
ROA8.1%
2022: 9.5%9.5%2023: 10.6%10.6%2024: 11.1%11.1%2025: 10.9%10.9%2026: 8.1%8.1%2223242526
Financial leverage1.60×
2022: 1.75×1.75×2023: 1.72×1.72×2024: 1.68×1.68×2025: 1.67×1.67×2026: 1.60×1.60×2223242526
ROE12.9%
2022: 16.5%16.5%2023: 18.2%18.2%2024: 18.7%18.7%2025: 18.2%18.2%2026: 12.9%12.9%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20227.4%1.28×9.5%1.75×16.5%
20237.7%1.38×10.6%1.72×18.2%
20248.0%1.39×11.1%1.68×18.7%
20258.5%1.28×10.9%1.67×18.2%
20267.4%1.09×8.1%1.60×12.9%

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 ÷ revenue6.0%
2021: 6.5%6.5%2022: 5.0%5.0%2023: 3.7%3.7%2024: 4.2%4.2%2025: 6.4%6.4%2026: 6.0%6.0%212223242526
PPE ÷ total assets6.5%
2021: 8.4%8.4%2022: 6.4%6.4%2023: 5.0%5.0%2024: 5.5%5.5%2025: 7.7%7.7%2026: 6.5%6.5%212223242526
Goodwill ÷ parent equity0.8%
2021: 3.6%3.6%2022: 2.8%2.8%2023: 2.1%2.1%2024: 1.6%1.6%2025: 1.1%1.1%2026: 0.8%0.8%212223242526
Goodwill balance¥269M
2021: ¥718.5M¥718.5M2022: ¥628.1M¥628.1M2023: ¥538M¥538M2024: ¥448.3M¥448.3M2025: ¥358.7M¥358.7M2026: ¥269M¥269M212223242526

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¥422M
2021: ¥121M¥121M2022: ¥156M¥156M2023: ¥210M¥210M2024: ¥205M¥205M2025: ¥307M¥307M2026: ¥422M¥422M212223242526
R&D / revenue0.7%
2021: 0.3%0.3%2022: 0.3%0.3%2023: 0.4%0.4%2024: 0.3%0.3%2025: 0.5%0.5%2026: 0.7%0.7%212223242526
Receivable days—
2021: 72d72d212223242526

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
Revenue50,39556,47262,03363,97257,411
Cost of revenue38,92043,97447,25448,88842,987
Gross profit11,47512,49814,77915,08414,424
SG&A5,8666,2507,3777,4958,078
Operating income5,6096,2487,4027,5896,346
Pretax income5,6446,2827,4527,6676,172
Income tax1,8011,8032,3232,0311,743
Net income attributable to owners3,7244,3234,9695,4424,266
Operating margin11.1%11.1%11.9%11.9%11.1%

Balance sheet (reported items)

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

Assets

Cash 26%
6%
6%
3%
Other assets 59%

Funding

Other liabilities 30%
Equity 70%

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¥16B¥18B¥21.3B¥24.1B¥13.4B
Total assets¥39.3B¥42.6B¥46.9B¥53.1B¥52.7B
Net assets¥23.9B¥26.8B¥30B¥34.1B¥36.7B
Share capital¥1.39B¥1.39B¥1.39B¥1.39B¥1.39B
Property, plant and equipment¥2.53B¥2.11B¥2.58B¥4.08B¥3.42B
Intangible assets excluding goodwill¥3.24B¥2.95B¥2.66B¥2.74B¥2.81B
Goodwill¥628.1M¥538M¥448.3M¥358.7M¥269M
Investment securities¥910.3M¥1.28B¥1.32B¥1.86B¥1.73B
Current assets¥29.6B¥33.1B¥37.4B¥40.3B¥41B
Current liabilities¥10.4B¥10.9B¥11.6B¥12.5B¥10.5B
Total liabilities¥15.5B¥15.8B¥16.9B¥18.9B¥16B
Non-controlling interests¥776.9M¥895.8M¥1B¥1.14B¥1.23B
Equity attributable to owners of parent¥22.5B¥25B¥28.1B¥31.9B¥34.1B
Retained earnings¥19.2B¥21.7B¥24.8B¥28.5B¥30.8B
Treasury stock-¥1.1M-¥1.1M-¥1.5M-¥1.5M-¥1.6M

Sources

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

    有価証券報告書-第43期(2025/04/01-2026/03/31)

    ID S100YCWP2026-06-17Open
  • EDINET (FSA Japan)

    有価証券報告書-第42期(2024/04/01-2025/03/31)

    ID S100W18V2025-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第41期(2023/04/01-2024/03/31)

    ID S100TMTQ2024-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第40期(2022/04/01-2023/03/31)

    ID S100QZTX2023-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第39期(令和3年4月1日-令和4年3月31日)

    ID S100OA492022-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第38期(令和2年4月1日-令和3年3月31日)

    ID S100LLM12021-06-24Open

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

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