MarubeniMarubeni Corporation8002東証プライム卸売業FY ending Mar 2026, consolidated, IFRS

Marubeni revenue and profit

Out of every ¥100 of sales, about ¥3 is left as operating profit. Revenue changed +6.1% from the prior year.

Five-year trend

Revenue¥8.27T
FY ending Mar 2022: ¥8.51T¥8.51TFY ending Mar 2023: ¥9.19T¥9.19TFY ending Mar 2024: ¥7.25T¥7.25TFY ending Mar 2025: ¥7.79T¥7.79TFY ending Mar 2026: ¥8.27T¥8.27TFY22FY23FY24FY25FY26

What drives ROE

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

Net margin6.6%
Asset turnover0.84×
ROA5.5%
ROA5.5%
Financial leverage2.47×
ROE13.6%

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

Net margin6.6%
2022: 5.0%5.0%2023: 5.9%5.9%2024: 6.5%6.5%2025: 6.5%6.5%2026: 6.6%6.6%2223242526
Asset turnover0.84×
2022: 1.03×1.03×2023: 1.13×1.13×2024: 0.86×0.86×2025: 0.86×0.86×2026: 0.84×0.84×2223242526
ROA5.5%
2022: 5.1%5.1%2023: 6.7%6.7%2024: 5.6%5.6%2025: 5.5%5.5%2026: 5.5%5.5%2223242526
Financial leverage2.47×
2022: 3.68×3.68×2023: 3.17×3.17×2024: 2.66×2.66×2025: 2.56×2.56×2026: 2.47×2.47×2223242526
ROE13.6%
2022: 18.9%18.9%2023: 21.2%21.2%2024: 14.9%14.9%2025: 14.2%14.2%2026: 13.6%13.6%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20225.0%1.03×5.1%3.68×18.9%
20235.9%1.13×6.7%3.17×21.2%
20246.5%0.86×5.6%2.66×14.9%
20256.5%0.86×5.5%2.56×14.2%
20266.6%0.84×5.5%2.47×13.6%

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 ÷ revenue13.8%
2021: 15.8%15.8%2022: 11.2%11.2%2023: 10.3%10.3%2024: 14.9%14.9%2025: 14.4%14.4%2026: 13.8%13.8%212223242526
PPE ÷ total assets10.9%
2021: 14.4%14.4%2022: 11.6%11.6%2023: 11.9%11.9%2024: 12.1%12.1%2025: 12.2%12.2%2026: 10.9%10.9%212223242526
Goodwill ÷ parent equity6.1%
2021: 7.3%7.3%2022: 6.4%6.4%2023: 5.3%5.3%2024: 6.2%6.2%2025: 6.2%6.2%2026: 6.1%6.1%212223242526
Goodwill balance¥267B
2021: ¥133.4B¥133.4B2022: ¥144.3B¥144.3B2023: ¥153.6B¥153.6B2024: ¥214.4B¥214.4B2025: ¥223.5B¥223.5B2026: ¥267B¥267B212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue8,508,5919,190,4727,250,5157,790,1688,265,841
Cost of revenue7,613,2608,139,1776,184,6976,643,5837,083,142
Gross profit895,3311,051,2951,065,8181,146,5851,182,699
SG&A606,551704,500781,209862,994913,596
Operating income—————
Pretax income528,790651,745567,136629,207664,457
Income tax93,84098,92684,588114,203105,292
Net income attributable to owners424,320543,001471,412502,965543,852
Operating margin—————

Balance sheet (reported items)

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

Assets

5%
Property, plant and equipment 11%
3%
Other assets 81%

Funding

Other liabilities 57%
Equity 43%

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¥578.6B¥608.9B¥506.3B¥569.1B¥551.1B
Total assets¥8.26T¥7.95T¥8.92T¥9.2T¥10.5T
Net assets¥2.34T¥2.98T¥3.56T¥3.77T¥4.51T
Share capital¥262.9B¥263.3B¥263.6B¥263.7B¥263.7B
Property, plant and equipment¥954.7B¥947.6B¥1.08T¥1.13T¥1.14T
Goodwill¥144.3B¥153.6B¥214.4B¥223.5B¥267B
Current assets¥4.43T¥3.76T¥3.95T¥4.02T¥4.51T
Total liabilities¥5.92T¥4.97T¥5.36T¥5.43T¥6.02T
Equity attributable to owners of parent¥2.24T¥2.88T¥3.46T¥3.63T¥4.36T
Retained earnings¥1.38T¥1.78T¥2.09T¥2.44T¥2.88T
Treasury stock-¥19.7B-¥3.36B-¥4.19B-¥5.81B-¥74.3B

Sources

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

    有価証券報告書-第102期(2025/04/01-2026/03/31)

    ID S100YAY42026-06-12Open
  • EDINET (FSA Japan)

    有価証券報告書-第101期(2024/04/01-2025/03/31)

    ID S100VYGC2025-06-17Open
  • EDINET (FSA Japan)

    有価証券報告書-第100期(2023/04/01-2024/03/31)

    ID S100TP602024-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第99期(2022/04/01-2023/03/31)

    ID S100R2ES2023-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第98期(令和3年4月1日-令和4年3月31日)

    ID S100OE5O2022-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第97期(令和2年4月1日-令和3年3月31日)

    ID S100LO782021-06-24Open

Extracted from XBRL: 40 / Derived from other figures: 1

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