JX Advanced MetalsJX Advanced Metals Corporation5016東証プライム非鉄金属FY ending Mar 2026, consolidated, IFRS

JX Advanced Metals revenue and profit

Out of every ¥100 of sales, about ¥20 is left as operating profit. Revenue changed +23.7% from the prior year, operating profit +55.5%.

Five-year trend

Revenue¥884.6B
FY ending Mar 2023: ¥1.64T¥1.64TFY ending Mar 2024: ¥1.51T¥1.51TFY ending Mar 2025: ¥714.9B¥714.9BFY ending Mar 2026: ¥884.6B¥884.6BFY23FY24FY25FY26
Operating income¥175B
FY ending Mar 2024: ¥86.2B¥86.2BFY ending Mar 2025: ¥112.5B¥112.5BFY ending Mar 2026: ¥175B¥175BFY23FY24FY25FY26
Operating margin19.8%
FY ending Mar 2024: 5.7%5.7%FY ending Mar 2025: 15.7%15.7%FY ending Mar 2026: 19.8%19.8%FY23FY24FY25FY26

What drives ROE

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

Net margin11.8%
Asset turnover0.63×
ROA7.5%
ROA7.5%
Financial leverage2.08×
ROE15.6%

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

Net margin11.8%
2023: 2.3%2.3%2024: 6.8%6.8%2025: 9.5%9.5%2026: 11.8%11.8%23242526
Asset turnover0.63×
2023: 0.89×0.89×2024: 0.96×0.96×2025: 0.55×0.55×2026: 0.63×0.63×23242526
ROA7.5%
2023: 2.0%2.0%2024: 6.5%6.5%2025: 5.2%5.2%2026: 7.5%7.5%23242526
Financial leverage2.08×
2023: 3.04×3.04×2024: 2.52×2.52×2025: 2.10×2.10×2026: 2.08×2.08×23242526
ROE15.6%
2023: 6.1%6.1%2024: 16.4%16.4%2025: 11.0%11.0%2026: 15.6%15.6%23242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20232.3%0.89×2.0%3.04×6.1%
20246.8%0.96×6.5%2.52×16.4%
20259.5%0.55×5.2%2.10×11.0%
202611.8%0.63×7.5%2.08×15.6%

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 ÷ revenue46.0%
2024: 21.7%21.7%2025: 52.0%52.0%2026: 46.0%46.0%23242526
PPE ÷ total assets27.0%
2024: 24.8%24.8%2025: 29.0%29.0%2026: 27.0%27.0%23242526
Goodwill ÷ parent equity1.2%
2024: 2.0%2.0%2025: 1.3%1.3%2026: 1.2%1.2%23242526
Goodwill balance¥8.48B
2024: ¥12.5B¥12.5B2025: ¥8.2B¥8.2B2026: ¥8.48B¥8.48B23242526

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¥20B
2025: ¥17.8B¥17.8B2026: ¥20B¥20B23242526
R&D / revenue2.3%
2025: 2.5%2.5%2026: 2.3%2.3%23242526

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 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue1,638,4841,512,345714,940884,638
Cost of revenue—1,338,941557,978682,987
Gross profit—173,404156,962201,651
SG&A—105,392100,155107,450
Operating income—86,172112,484174,967
Pretax income63,32778,714107,476169,082
Income tax—-36,17326,08940,345
Net income attributable to owners36,930102,62468,271104,645
Operating margin—5.7%15.7%19.8%

Balance sheet (reported items)

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

Assets

4%
Property, plant and equipment 27%
1%
Other assets 68%

Funding

Other liabilities 44%
Equity 56%

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

ItemFY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥58B¥36.8B¥58.3B¥66.3B
Total assets¥1.83T¥1.33T¥1.28T¥1.51T
Net assets¥602.5B¥720.8B¥711.8B¥838.3B
Share capital—¥75B¥75B¥75B
Property, plant and equipment—¥328.2B¥371.8B¥406.8B
Goodwill—¥12.5B¥8.2B¥8.48B
Current assets—¥501.2B¥494.2B¥623.2B
Total liabilities—¥605.1B¥571.2B¥667.1B
Equity attributable to owners of parent—¥627.4B¥615.3B¥726.5B
Retained earnings—¥446.9B¥432.1B¥518.5B
Treasury stock——-¥1B-¥2.22B

Sources

Show source documents (2)
  • EDINET (FSA Japan)

    有価証券報告書-第24期(2025/04/01-2026/03/31)

    ID S100YINW2026-06-24Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第23期(2024/04/01-2025/03/31)

    ID S100W9AH2025-06-30Open

Extracted from XBRL: 45 / Derived from other figures: 1

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