Kuroda GroupKuroda Group Co., Ltd.287A東証スタンダードその他製品FY ending Mar 2026, consolidated, IFRS

Kuroda Group revenue and profit

Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed +1.2% from the prior year, operating profit +10.3%.

Five-year trend

Revenue¥122.8B
FY ending Mar 2023: ¥139.3B¥139.3BFY ending Mar 2024: ¥126.7B¥126.7BFY ending Mar 2025: ¥121.3B¥121.3BFY ending Mar 2026: ¥122.8B¥122.8BFY23FY24FY25FY26
Operating income¥6.54B
FY ending Mar 2024: ¥1.98B¥1.98BFY ending Mar 2025: ¥5.93B¥5.93BFY ending Mar 2026: ¥6.54B¥6.54BFY23FY24FY25FY26
Operating margin5.3%
FY ending Mar 2024: 1.6%1.6%FY ending Mar 2025: 4.9%4.9%FY ending Mar 2026: 5.3%5.3%FY23FY24FY25FY26

What drives ROE

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

Net margin2.9%
Asset turnover1.27×
ROA3.6%
ROA3.6%
Financial leverage2.44×
ROE8.9%

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

Net margin2.9%
2023: 1.9%1.9%2024: 0.3%0.3%2025: 3.2%3.2%2026: 2.9%2.9%23242526
Asset turnover1.27×
2023: 1.37×1.37×2024: 1.27×1.27×2025: 1.25×1.25×2026: 1.27×1.27×23242526
ROA3.6%
2023: 2.6%2.6%2024: 0.4%0.4%2025: 4.0%4.0%2026: 3.6%3.6%23242526
Financial leverage2.44×
2023: 2.86×2.86×2024: 2.93×2.93×2025: 2.67×2.67×2026: 2.44×2.44×23242526
ROE8.9%
2023: 7.3%7.3%2024: 1.1%1.1%2025: 10.8%10.8%2026: 8.9%8.9%23242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20231.9%1.37×2.6%2.86×7.3%
20240.3%1.27×0.4%2.93×1.1%
20253.2%1.25×4.0%2.67×10.8%
20262.9%1.27×3.6%2.44×8.9%

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 ÷ revenue13.4%
2024: 10.7%10.7%2025: 12.8%12.8%2026: 13.4%13.4%23242526
PPE ÷ total assets16.8%
2024: 13.8%13.8%2025: 16.3%16.3%2026: 16.8%16.8%23242526
Goodwill ÷ parent equity46.3%
2024: 55.8%55.8%2025: 49.6%49.6%2026: 46.3%46.3%23242526
Goodwill balance¥19.1B
2024: ¥19.1B¥19.1B2025: ¥19.1B¥19.1B2026: ¥19.1B¥19.1B23242526

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¥115M
2025: ¥122M¥122M2026: ¥115M¥115M23242526
R&D / revenue0.1%
2025: 0.1%0.1%2026: 0.1%0.1%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
Revenue139,275126,691121,327122,796
Cost of revenue—109,26499,943101,926
Gross profit—17,42721,38420,871
SG&A—14,93015,32715,681
Operating income—1,9815,9286,538
Pretax income4,0741,1685,5445,986
Income tax—1,0681,5682,358
Net income attributable to owners2,5973783,9143,521
Operating margin—1.6%4.9%5.3%

Balance sheet (reported items)

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

Assets

Cash 18%
Property, plant and equipment 17%
Intangibles and goodwill 19%
Other assets 46%

Funding

Other liabilities 57%
Equity 43%

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¥10.2B¥15.1B¥15.5B¥17.3B
Total assets¥101.8B¥98.3B¥95.8B¥98B
Net assets¥35.6B¥35.3B¥39.6B¥42.4B
Share capital—¥11.6B¥11.6B¥11.6B
Property, plant and equipment—¥13.6B¥15.6B¥16.5B
Goodwill—¥19.1B¥19.1B¥19.1B
Current assets—¥60.1B¥56.2B¥55.2B
Total liabilities—¥63.1B¥56.2B¥55.6B
Equity attributable to owners of parent—¥34.1B¥38.4B¥41.1B
Retained earnings—¥9.35B¥13.7B¥13.4B
Treasury stock—-¥3B-¥1.63B-¥1.63B

Sources

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

    有価証券報告書-第9期(2025/04/01-2026/03/31)

    ID S100YFL22026-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第8期(2024/04/01-2025/03/31)

    ID S100W60Z2025-06-25Open

Extracted from XBRL: 44 / Derived from other figures: 1

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