Vizora日本語

MarubunMARUBUN CORPORATION7537東証プライム卸売業FY ending Mar 2026, consolidated, J-GAAP

Marubun revenue and profit

Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +1.2% from the prior year, operating profit -15.2%.

Five-year trend

Revenue¥213.4B
FY ending Mar 2022: ¥167.8B¥167.8BFY ending Mar 2023: ¥226.2B¥226.2BFY ending Mar 2024: ¥236.5B¥236.5BFY ending Mar 2025: ¥210.8B¥210.8BFY ending Mar 2026: ¥213.4B¥213.4BFY22FY23FY24FY25FY26
Operating income¥7.76B
FY ending Mar 2022: ¥5.99B¥5.99BFY ending Mar 2023: ¥11B¥11BFY ending Mar 2024: ¥13B¥13BFY ending Mar 2025: ¥9.15B¥9.15BFY ending Mar 2026: ¥7.76B¥7.76BFY22FY23FY24FY25FY26
Operating margin3.6%
FY ending Mar 2022: 3.6%3.6%FY ending Mar 2023: 4.9%4.9%FY ending Mar 2024: 5.5%5.5%FY ending Mar 2025: 4.3%4.3%FY ending Mar 2026: 3.6%3.6%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin1.5%
Asset turnover1.47×
ROA2.3%
ROA2.3%
Financial leverage2.87×
ROE6.5%

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

Net margin1.5%
2022: 1.5%1.5%2023: 2.3%2.3%2024: 1.4%1.4%2025: 2.1%2.1%2026: 1.5%1.5%2223242526
Asset turnover1.47×
2022: 1.13×1.13×2023: 1.40×1.40×2024: 1.35×1.35×2025: 1.32×1.32×2026: 1.47×1.47×2223242526
ROA2.3%
2022: 1.6%1.6%2023: 3.2%3.2%2024: 1.9%1.9%2025: 2.8%2.8%2026: 2.3%2.3%2223242526
Financial leverage2.87×
2022: 3.60×3.60×2023: 3.75×3.75×2024: 3.81×3.81×2025: 3.32×3.32×2026: 2.87×2.87×2223242526
ROE6.5%
2022: 5.9%5.9%2023: 12.0%12.0%2024: 7.4%7.4%2025: 9.2%9.2%2026: 6.5%6.5%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20221.5%1.13×1.6%3.60×5.9%
20232.3%1.40×3.2%3.75×12.0%
20241.4%1.35×1.9%3.81×7.4%
20252.1%1.32×2.8%3.32×9.2%
20261.5%1.47×2.3%2.87×6.5%

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 ÷ revenue2.4%
2021: 1.5%1.5%2022: 1.9%1.9%2023: 1.4%1.4%2024: 1.4%1.4%2025: 2.1%2.1%2026: 2.4%2.4%212223242526
PPE ÷ total assets3.6%
2021: 3.3%3.3%2022: 2.2%2.2%2023: 1.8%1.8%2024: 1.9%1.9%2025: 3.0%3.0%2026: 3.6%3.6%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.

Receivable days85d
2021: 59d59d2022: 83d83d2023: 83d83d2024: 70d70d2025: 81d81d2026: 85d85d212223242526
Payable days50d
2021: 40d40d2022: 52d52d2023: 51d51d2024: 50d50d2025: 51d51d2026: 50d50d212223242526

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
Revenue167,794226,171236,490210,837213,425
Cost of revenue147,542198,907206,883184,613188,723
Gross profit20,25127,26429,60726,22324,701
SG&A14,25716,26716,62317,06816,938
Operating income5,99410,99712,9849,1557,763
Pretax income3,8487,8845,6226,7815,187
Income tax1,1852,1771,7382,2271,506
Net income attributable to owners2,4375,2013,4014,4093,303
Operating margin3.6%4.9%5.5%4.3%3.6%

Balance sheet (reported items)

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

Assets

Cash 17%
Receivables 34%
3%
2%
3%
Other assets 41%

Funding

Trade payables 18%
Other liabilities 39%
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¥24.7B¥20.7B¥23B¥23.5B¥24.3B
Total assets¥148.2B¥176B¥174.1B¥145.2B¥145B
Net assets¥47.6B¥53.1B¥56.4B¥60.8B¥62.8B
Share capital¥6.21B¥6.21B¥6.21B¥6.21B¥6.21B
Trade receivables¥38B¥51.4B¥45.4B¥46.8B¥49.6B
Property, plant and equipment¥3.2B¥3.2B¥3.29B¥4.34B¥5.15B
Intangible assets excluding goodwill¥1.04B¥898M¥1.36B¥2.28B¥2.27B
Investment securities¥2.22B¥2.32B¥3.3B¥3.72B¥4.12B
Current assets¥137.6B¥166.1B¥162.6B¥130.6B¥129.3B
Current liabilities¥94.7B¥117.1B¥116.7B¥79.2B¥76.1B
Trade payables¥21.1B¥28B¥28.2B¥25.6B¥25.8B
Short-term borrowings¥48.7B¥69.4B¥59.5B¥46.4B¥44.8B
Long-term borrowings¥5.03B¥5B—¥4B¥4B
Total liabilities¥100.6B¥122.9B¥117.7B¥84.4B¥82.2B
Non-controlling interests¥4.86B¥5.34B¥5.74B¥5.98B¥5.9B
Equity attributable to owners of parent¥41.2B¥45.3B¥46.5B¥49.7B¥51.4B
Retained earnings¥30.2B¥34.4B¥35.6B¥38.8B¥40.3B
Treasury stock-¥1.63B-¥1.63B-¥1.61B-¥1.6B-¥1.54B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第79期(2025/04/01－2026/03/31)

    ID S100YIN72026-06-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第78期(2024/04/01－2025/03/31)

    ID S100W4XI2025-06-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第77期(2023/04/01－2024/03/31)

    ID S100TSKH2024-06-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第76期(2022/04/01－2023/03/31)

    ID S100R6RK2023-06-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第75期(令和3年4月1日－令和4年3月31日)

    ID S100OIN52022-06-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第74期(令和2年4月1日－令和3年3月31日)

    ID S100LPK42021-06-25Open

Extracted from XBRL: 52 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.

Open MarkdownShare on XSave image