MeitoMEITO CO., LTD.2207東証プライム食料品FY ending Mar 2026, consolidated, J-GAAP

Meito revenue and profit

Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +3.7% from the prior year, operating profit -12.5%.

Five-year trend

Revenue¥29.1B
FY ending Mar 2022: ¥21.1B¥21.1BFY ending Mar 2023: ¥22.7B¥22.7BFY ending Mar 2024: ¥24.4B¥24.4BFY ending Mar 2025: ¥28.1B¥28.1BFY ending Mar 2026: ¥29.1B¥29.1BFY22FY23FY24FY25FY26
Operating income¥1.23B
FY ending Mar 2022: ¥350M¥350MFY ending Mar 2023: ¥95M¥95MFY ending Mar 2024: ¥232M¥232MFY ending Mar 2025: ¥1.41B¥1.41BFY ending Mar 2026: ¥1.23B¥1.23BFY22FY23FY24FY25FY26
Operating margin4.2%
FY ending Mar 2022: 1.7%1.7%FY ending Mar 2023: 0.4%0.4%FY ending Mar 2024: 1.0%1.0%FY ending Mar 2025: 5.0%5.0%FY ending Mar 2026: 4.2%4.2%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin10.5%
Asset turnover0.32×
ROA3.3%
ROA3.3%
Financial leverage2.77×
ROE9.2%

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

Net margin10.5%
2022: 8.6%8.6%2023: 3.1%3.1%2025: 16.8%16.8%2026: 10.5%10.5%2223242526
Asset turnover0.32×
2022: 0.30×0.30×2023: 0.32×0.32×2025: 0.34×0.34×2026: 0.32×0.32×2223242526
ROA3.3%
2022: 2.6%2.6%2023: 1.0%1.0%2024: -0.9%-0.9%2025: 5.7%5.7%2026: 3.3%3.3%2223242526
Financial leverage2.77×
2022: 2.41×2.41×2023: 2.39×2.39×2025: 2.70×2.70×2026: 2.77×2.77×2223242526
ROE9.2%
2022: 6.2%6.2%2023: 2.4%2.4%2025: 15.4%15.4%2026: 9.2%9.2%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20228.6%0.30×2.6%2.41×6.2%
20233.1%0.32×1.0%2.39×2.4%
2024——×-0.9%—×—
202516.8%0.34×5.7%2.70×15.4%
202610.5%0.32×3.3%2.77×9.2%

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 ÷ revenue103.4%
2021: 95.6%95.6%2022: 81.1%81.1%2023: 83.2%83.2%2024: 77.3%77.3%2025: 72.1%72.1%2026: 103.4%103.4%212223242526
PPE ÷ total assets30.0%
2021: 31.2%31.2%2022: 24.2%24.2%2023: 26.9%26.9%2024: 22.9%22.9%2025: 24.3%24.3%2026: 30.0%30.0%212223242526
Goodwill ÷ parent equity1.2%
2024: 1.8%1.8%2025: 1.4%1.4%2026: 1.2%1.2%212223242526
Goodwill balance¥413M
2024: ¥499M¥499M2025: ¥460M¥460M2026: ¥413M¥413M212223242526

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¥953M
2021: ¥696M¥696M2022: ¥749M¥749M2023: ¥819M¥819M2024: ¥840M¥840M2025: ¥917M¥917M2026: ¥953M¥953M212223242526
R&D / revenue3.3%
2021: 2.9%2.9%2022: 3.5%3.5%2023: 3.6%3.6%2024: 3.4%3.4%2025: 3.3%3.3%2026: 3.3%3.3%212223242526
Receivable days—
2021: 66d66d212223242526
Payable days41d
2021: 53d53d2022: 54d54d2023: 65d65d2024: 59d59d2025: 52d52d2026: 41d41d212223242526

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
Revenue21,13622,72724,39228,07129,106
Cost of revenue16,08817,63919,02020,08620,637
Gross profit5,0485,0875,3727,9858,468
SG&A4,6984,9925,1406,5797,238
Operating income350952321,4051,230
Pretax income2,6091,027-7686,3714,262
Income tax793326-641,6521,194
Net income attributable to owners1,816700-7034,7193,067
Operating margin1.7%0.4%1.0%5.0%4.2%

Balance sheet (reported items)

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

Assets

3%
Property, plant and equipment 30%
2%
Investment securities 52%
Other assets 13%

Funding

2%
Other liabilities 36%
Equity 62%

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¥5.48B¥5.35B¥6.36B¥7.19B¥3.58B
Total assets¥70.9B¥70.3B¥82.2B¥83.3B¥100.3B
Net assets¥44.7B¥44.6B¥51.1B¥54.9B¥62.2B
Share capital¥1.31B¥1.31B¥1.32B¥1.33B¥1.33B
Property, plant and equipment¥17.1B¥18.9B¥18.8B¥20.2B¥30.1B
Intangible assets excluding goodwill¥85M¥83M¥2.15B¥2.06B¥1.89B
Goodwill——¥499M¥460M¥413M
Investment securities¥35.3B¥33.8B¥43.8B¥43.1B¥51.7B
Current assets¥18.2B¥17B¥17B¥17.4B¥16.1B
Current liabilities¥7.63B¥7.87B¥11B¥8.84B¥9.38B
Trade payables¥2.37B¥3.14B¥3.07B¥2.88B¥2.3B
Short-term borrowings¥50M¥100M¥3.07B—¥1.85B
Long-term borrowings¥10.6B¥9.84B¥9.08B¥8.34B¥14.5B
Total liabilities¥26.2B¥25.6B¥31.2B¥28.4B¥38.2B
Equity attributable to owners of parent¥29.4B¥29.6B¥28.5B¥32.7B¥33.7B
Retained earnings¥28.7B¥28.9B¥27.8B¥32B¥33B
Treasury stock-¥708M-¥687M-¥688M-¥689M-¥766M

Sources

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

    有価証券報告書-第84期(2025/04/01-2026/03/31)

    ID S100YHY52026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第83期(2024/04/01-2025/03/31)

    ID S100W3JR2025-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第82期(2023/04/01-2024/03/31)

    ID S100TTHS2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第81期(2022/04/01-2023/03/31)

    ID S100R4HL2023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第80期(令和3年4月1日-令和4年3月31日)

    ID S100OJFP2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第79期(令和2年4月1日-令和3年3月31日)

    ID S100LQDY2021-06-28Open

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.