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KitzKITZ CORPORATION6498東証プライム機械FY ending Dec 2025, consolidated, J-GAAP

Kitz revenue and profit

Out of every ¥100 of sales, about ¥9 is left as operating profit. Revenue changed +2.7% from the prior year, operating profit +8.7%.

Five-year trend

Revenue¥176.7B
FY ending Dec 2021: ¥135.8B¥135.8BFY ending Dec 2022: ¥159.9B¥159.9BFY ending Dec 2023: ¥166.9B¥166.9BFY ending Dec 2024: ¥172B¥172BFY ending Dec 2025: ¥176.7B¥176.7BFY21FY22FY23FY24FY25
Operating income¥15.5B
FY ending Dec 2021: ¥8.99B¥8.99BFY ending Dec 2022: ¥11.1B¥11.1BFY ending Dec 2023: ¥13.7B¥13.7BFY ending Dec 2024: ¥14.2B¥14.2BFY ending Dec 2025: ¥15.5B¥15.5BFY21FY22FY23FY24FY25
Operating margin8.7%
FY ending Dec 2021: 6.6%6.6%FY ending Dec 2022: 6.9%6.9%FY ending Dec 2023: 8.2%8.2%FY ending Dec 2024: 8.3%8.3%FY ending Dec 2025: 8.7%8.7%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin6.5%
Asset turnover0.99×
ROA6.4%
ROA6.4%
Financial leverage1.78×
ROE11.4%

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

Net margin6.5%
2021: 3.6%3.6%2022: 5.3%5.3%2023: 6.3%6.3%2024: 6.9%6.9%2025: 6.5%6.5%2122232425
Asset turnover0.99×
2021: 0.95×0.95×2022: 1.08×1.08×2023: 1.05×1.05×2024: 1.01×1.01×2025: 0.99×0.99×2122232425
ROA6.4%
2021: 3.5%3.5%2022: 5.8%5.8%2023: 6.6%6.6%2024: 7.0%7.0%2025: 6.4%6.4%2122232425
Financial leverage1.78×
2021: 1.84×1.84×2022: 1.82×1.82×2023: 1.81×1.81×2024: 1.80×1.80×2025: 1.78×1.78×2122232425
ROE11.4%
2021: 6.3%6.3%2022: 10.5%10.5%2023: 12.0%12.0%2024: 12.5%12.5%2025: 11.4%11.4%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20213.6%0.95×3.5%1.84×6.3%
20225.3%1.08×5.8%1.82×10.5%
20236.3%1.05×6.6%1.81×12.0%
20246.9%1.01×7.0%1.80×12.5%
20256.5%0.99×6.4%1.78×11.4%

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 ÷ revenue34.8%
2020: 50.2%50.2%2021: 30.5%30.5%2022: 28.3%28.3%2023: 29.9%29.9%2024: 31.6%31.6%2025: 34.8%34.8%202122232425
PPE ÷ total assets33.4%
2020: 30.1%30.1%2021: 28.9%28.9%2022: 29.6%29.6%2023: 30.0%30.0%2024: 31.6%31.6%2025: 33.4%33.4%202122232425
Goodwill ÷ parent equity—
2020: 0.5%0.5%2021: 0.4%0.4%2022: 0.4%0.4%2023: 0.3%0.3%2024: 0.1%0.1%202122232425
Goodwill balance—
2020: ¥395M¥395M2021: ¥319M¥319M2022: ¥301M¥301M2023: ¥231M¥231M2024: ¥99M¥99M202122232425

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¥3.03B
2020: ¥1.95B¥1.95B2021: ¥2.62B¥2.62B2022: ¥2.72B¥2.72B2023: ¥2.61B¥2.61B2024: ¥3.08B¥3.08B2025: ¥3.03B¥3.03B202122232425
R&D / revenue1.7%
2020: 2.3%2.3%2021: 1.9%1.9%2022: 1.7%1.7%2023: 1.6%1.6%2024: 1.8%1.8%2025: 1.7%1.7%202122232425
Receivable days—
2020: 70d70d2021: 53d53d202122232425
Payable days28d
2020: 33d33d2021: 29d29d2022: 27d27d2023: 26d26d2024: 27d27d2025: 28d28d202122232425

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 Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue135,790159,914166,941172,042176,682
Cost of revenue101,328121,094123,403127,071129,720
Gross profit34,46138,81943,53744,97146,961
SG&A25,47027,76829,84930,75131,506
Operating income8,99011,05113,68714,22015,454
Pretax income7,70512,00415,28216,46916,418
Income tax2,6143,2754,4034,4954,710
Net income attributable to owners4,9548,54910,59111,82411,465
Operating margin6.6%6.9%8.2%8.3%8.7%

Balance sheet (reported items)

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

Assets

Cash 15%
Property, plant and equipment 34%
1%
3%
Other assets 47%

Funding

5%
Interest-bearing debt 17%
Other liabilities 13%
Equity 65%

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

ItemFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥27.7B¥24.1B¥28.4B¥30.4B¥28.1B
Total assets¥143.4B¥152.6B¥166.7B¥172.4B¥184.3B
Net assets¥81.3B¥91B¥102.2B¥109.8B¥119.8B
Share capital¥21.2B¥21.2B¥21.2B¥21.2B¥21.2B
Trade receivables¥19.8B————
Property, plant and equipment¥41.4B¥45.2B¥49.9B¥54.4B¥61.6B
Intangible assets excluding goodwill¥4.59B¥3.16B¥1.96B¥1.7B¥2.17B
Goodwill¥319M¥301M¥231M¥99M—
Investment securities¥6.76B¥7.12B¥6.89B¥5.51B¥5.68B
Current assets¥86.6B¥93.2B¥103.9B¥106.4B¥110.3B
Current liabilities¥32.9B¥23.3B¥26.5B¥35.4B¥27.2B
Trade payables¥8.04B¥8.97B¥8.94B¥9.51B¥9.93B
Short-term borrowings¥816M¥856M¥1.05B¥645M¥568M
Long-term borrowings¥4.58B¥3.36B¥3.49B¥2.56B¥10.6B
Bonds¥20.7B¥30.4B¥30.3B¥20.1B¥20B
Interest-bearing debt¥26.1Bderived¥34.6Bderived¥34.8Bderived¥23.3Bderived¥31.1Bderived
Total liabilities¥62.2B¥61.5B¥64.5B¥62.6B¥64.5B
Non-controlling interests¥884M¥1.08B¥1.33B¥1.42B¥1.63B
Equity attributable to owners of parent¥78.1B¥84.4B¥91.7B¥96.8B¥104.1B
Retained earnings¥51.7B¥57.9B¥65.3B¥70.4B¥77.7B
Treasury stock-¥492M-¥460M-¥459M-¥482M-¥497M

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第112期(2025/01/01－2025/12/31)

    ID S100XS6X2026-03-19Open

  • EDINET (FSA Japan)

    有価証券報告書－第111期(2024/01/01－2024/12/31)

    ID S100VHYD2025-03-27Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第110期(2023/01/01－2023/12/31)

    ID S100U6JT2024-08-09Open

  • EDINET (FSA Japan)

    有価証券報告書－第109期(2022/01/01－2022/12/31)

    ID S100QH6G2023-03-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第108期(令和3年1月1日－令和3年12月31日)

    ID S100NQW22022-03-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第107期(令和2年4月1日－令和2年12月31日)

    ID S100L2752021-03-30Open

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

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