Kunimine IndustriesKUNIMINE INDUSTRIES CO.,LTD5388東証スタンダードガラス・土石製品FY ending Mar 2026, consolidated, J-GAAP

Kunimine Industries revenue and profit

Out of every ¥100 of sales, about ¥9 is left as operating profit. Revenue changed +8.7% from the prior year, operating profit +25.1%.

Five-year trend

Revenue¥17.1B
FY ending Mar 2022: ¥15.3B¥15.3BFY ending Mar 2023: ¥15.3B¥15.3BFY ending Mar 2024: ¥15.7B¥15.7BFY ending Mar 2025: ¥15.7B¥15.7BFY ending Mar 2026: ¥17.1B¥17.1BFY22FY23FY24FY25FY26
Operating income¥1.6B
FY ending Mar 2022: ¥1.67B¥1.67BFY ending Mar 2023: ¥828.7M¥828.7MFY ending Mar 2024: ¥1.23B¥1.23BFY ending Mar 2025: ¥1.28B¥1.28BFY ending Mar 2026: ¥1.6B¥1.6BFY22FY23FY24FY25FY26
Operating margin9.4%
FY ending Mar 2022: 10.9%10.9%FY ending Mar 2023: 5.4%5.4%FY ending Mar 2024: 7.9%7.9%FY ending Mar 2025: 8.2%8.2%FY ending Mar 2026: 9.4%9.4%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin7.9%
Asset turnover0.65×
ROA5.1%
ROA5.1%
Financial leverage1.24×
ROE6.3%

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

Net margin7.9%
2022: 8.5%8.5%2023: 5.5%5.5%2024: 6.7%6.7%2025: 6.9%6.9%2026: 7.9%7.9%2223242526
Asset turnover0.65×
2022: 0.61×0.61×2023: 0.62×0.62×2024: 0.63×0.63×2025: 0.62×0.62×2026: 0.65×0.65×2223242526
ROA5.1%
2022: 5.2%5.2%2023: 3.4%3.4%2024: 4.2%4.2%2025: 4.2%4.2%2026: 5.1%5.1%2223242526
Financial leverage1.24×
2022: 1.24×1.24×2023: 1.23×1.23×2024: 1.22×1.22×2025: 1.24×1.24×2026: 1.24×1.24×2223242526
ROE6.3%
2022: 6.5%6.5%2023: 4.2%4.2%2024: 5.1%5.1%2025: 5.2%5.2%2026: 6.3%6.3%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20228.5%0.61×5.2%1.24×6.5%
20235.5%0.62×3.4%1.23×4.2%
20246.7%0.63×4.2%1.22×5.1%
20256.9%0.62×4.2%1.24×5.2%
20267.9%0.65×5.1%1.24×6.3%

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 ÷ revenue34.2%
2021: 41.3%41.3%2022: 38.4%38.4%2023: 38.2%38.2%2024: 36.7%36.7%2025: 34.8%34.8%2026: 34.2%34.2%212223242526
PPE ÷ total assets21.7%
2021: 24.8%24.8%2022: 23.6%23.6%2023: 23.8%23.8%2024: 22.8%22.8%2025: 21.2%21.2%2026: 21.7%21.7%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¥235M
2021: ¥151M¥151M2022: ¥162M¥162M2023: ¥159M¥159M2024: ¥176M¥176M2025: ¥207M¥207M2026: ¥235M¥235M212223242526
R&D / revenue1.4%
2021: 1.0%1.0%2022: 1.1%1.1%2023: 1.0%1.0%2024: 1.1%1.1%2025: 1.3%1.3%2026: 1.4%1.4%212223242526
Receivable days—
2021: 110d110d2022: 106d106d2023: 107d107d2024: 105d105d2025: 98d98d212223242526

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
Revenue15,25715,32615,67515,70817,075
Cost of revenue10,52211,44811,21611,24612,071
Gross profit4,7353,8774,4594,4625,005
SG&A3,0693,0493,2283,1813,403
Operating income1,6668291,2311,2811,602
Pretax income1,8911,3521,5641,7002,048
Income tax535462488563647
Net income attributable to owners1,3028421,0441,0781,341
Operating margin10.9%5.4%7.9%8.2%9.4%

Balance sheet (reported items)

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

Assets

Cash 34%
Property, plant and equipment 22%
2%
3%
Other assets 39%

Funding

Other liabilities 14%
Equity 86%
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¥9.5B¥7.92B¥8.24B¥7.88B¥9.11B
Total assets¥24.8B¥24.6B¥25.2B¥25.8B¥26.8B
Net assets¥21B¥21.3B¥21.9B¥22.4B¥23.1B
Share capital¥1.62B¥1.62B¥1.62B¥1.62B¥1.62B
Trade receivables¥4.42B¥4.5B¥4.52B¥4.2B—
Property, plant and equipment¥5.86B¥5.85B¥5.76B¥5.47B¥5.84B
Intangible assets excluding goodwill¥78.6M¥80.1M¥263.3M¥788.4M¥632.9M
Investment securities¥1.58B¥1.7B¥1.89B¥1.63B¥779M
Current assets¥16.8B¥16.4B¥16.8B¥17.4B¥19B
Current liabilities¥2.04B¥2.05B¥2.12B¥2.24B¥2.47B
Long-term borrowings¥825M————
Total liabilities¥3.87B¥3.21B¥3.36B¥3.49B¥3.7B
Non-controlling interests¥473.1M¥590.7M¥665.8M¥805.2M¥873.5M
Equity attributable to owners of parent¥20.1B¥20.2B¥20.5B¥20.8B¥21.6B
Retained earnings¥16.2B¥16.6B¥17B¥17.6B¥18.4B
Treasury stock-¥1.38B-¥1.75B-¥1.76B-¥2.09B-¥2.09B

Sources

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

    訂正有価証券報告書-第92期(2025/04/01-2026/03/31)

    ID S100YOPN2026-07-03Open
  • EDINET (FSA Japan)

    有価証券報告書-第91期(2024/04/01-2025/03/31)

    ID S100W6IN2025-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第90期(2023/04/01-2024/03/31)

    ID S100TT992024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第89期(2022/04/01-2023/03/31)

    ID S100R6S02023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第88期(令和3年4月1日-令和4年3月31日)

    ID S100OJ1S2022-06-29Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第87期(令和2年4月1日-令和3年3月31日)

    ID S100M0JK2021-07-19Open

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

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