Minato HoldingsMINATO HOLDINGS INC.6862東証スタンダード電気機器FY ending Mar 2026, consolidated, J-GAAP

Minato Holdings revenue and profit

Out of every ¥100 of sales, about ¥12 is left as operating profit. Revenue changed +49.0% from the prior year, operating profit +451.7%.

Five-year trend

Revenue¥36.6B
FY ending Mar 2022: ¥24.6B¥24.6BFY ending Mar 2023: ¥22.6B¥22.6BFY ending Mar 2024: ¥19B¥19BFY ending Mar 2025: ¥24.5B¥24.5BFY ending Mar 2026: ¥36.6B¥36.6BFY22FY23FY24FY25FY26
Operating income¥4.23B
FY ending Mar 2022: ¥783.5M¥783.5MFY ending Mar 2023: ¥810.2M¥810.2MFY ending Mar 2024: ¥1.24B¥1.24BFY ending Mar 2025: ¥767.2M¥767.2MFY ending Mar 2026: ¥4.23B¥4.23BFY22FY23FY24FY25FY26
Operating margin11.6%
FY ending Mar 2022: 3.2%3.2%FY ending Mar 2023: 3.6%3.6%FY ending Mar 2024: 6.5%6.5%FY ending Mar 2025: 3.1%3.1%FY ending Mar 2026: 11.6%11.6%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin5.8%
Asset turnover1.47×
ROA8.5%
ROA8.5%
Financial leverage3.62×
ROE30.7%

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

Net margin5.8%
2022: 2.7%2.7%2023: 2.6%2.6%2024: 7.8%7.8%2025: 1.5%1.5%2026: 5.8%5.8%2223242526
Asset turnover1.47×
2022: 1.60×1.60×2023: 1.52×1.52×2024: 1.22×1.22×2025: 1.43×1.43×2026: 1.47×1.47×2223242526
ROA8.5%
2022: 4.4%4.4%2023: 4.0%4.0%2024: 9.5%9.5%2025: 2.2%2.2%2026: 8.5%8.5%2223242526
Financial leverage3.62×
2022: 4.09×4.09×2023: 3.71×3.71×2024: 3.16×3.16×2025: 3.00×3.00×2026: 3.62×3.62×2223242526
ROE30.7%
2022: 17.9%17.9%2023: 14.8%14.8%2024: 30.1%30.1%2025: 6.5%6.5%2026: 30.7%30.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20222.7%1.60×4.4%4.09×17.9%
20232.6%1.52×4.0%3.71×14.8%
20247.8%1.22×9.5%3.16×30.1%
20251.5%1.43×2.2%3.00×6.5%
20265.8%1.47×8.5%3.62×30.7%

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 ÷ revenue8.0%
2021: 8.4%8.4%2022: 5.3%5.3%2023: 5.6%5.6%2024: 17.3%17.3%2025: 12.3%12.3%2026: 8.0%8.0%212223242526
PPE ÷ total assets9.1%
2021: 10.6%10.6%2022: 8.4%8.4%2023: 8.8%8.8%2024: 19.5%19.5%2025: 17.2%17.2%2026: 9.1%9.1%212223242526
Goodwill ÷ parent equity5.7%
2021: 7.1%7.1%2022: 6.5%6.5%2023: 4.8%4.8%2024: 2.8%2.8%2025: 2.3%2.3%2026: 5.7%5.7%212223242526
Goodwill balance¥446.3M
2021: ¥238.2M¥238.2M2022: ¥243M¥243M2023: ¥205.4M¥205.4M2024: ¥159.3M¥159.3M2025: ¥134.2M¥134.2M2026: ¥446.3M¥446.3M212223242526

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¥10M
2021: ¥49M¥49M2022: ¥35M¥35M2023: ¥17M¥17M2024: ¥31M¥31M2025: ¥8M¥8M2026: ¥10M¥10M212223242526
R&D / revenue0.0%
2021: 0.3%0.3%2022: 0.1%0.1%2023: 0.1%0.1%2024: 0.2%0.2%2025: 0.0%0.0%2026: 0.0%0.0%212223242526
Receivable days—
2021: 80d80d212223242526
Payable days52d
2021: 39d39d2022: 36d36d2023: 24d24d2024: 28d28d2025: 22d22d2026: 52d52d212223242526

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
Revenue24,57922,59919,01824,54036,572
Cost of revenue20,43518,15714,20320,22527,982
Gross profit4,1444,4424,8154,3158,590
SG&A3,3603,6323,5803,5484,357
Operating income7838101,2357674,233
Pretax income8028682,2526103,451
Income tax1022707682361,342
Net income attributable to owners6745911,4833742,109
Operating margin3.2%3.6%6.5%3.1%11.6%

Balance sheet (reported items)

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

Assets

7%
Property, plant and equipment 9%
3%
2%
Other assets 79%

Funding

Trade payables 13%
Other liabilities 62%
Equity 25%
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¥2.64B¥3.54B¥2.49B¥2.07B¥2.33B
Total assets¥15.4B¥14.4B¥16.8B¥17.6B¥32.1B
Net assets¥3.96B¥4.38B¥5.75B¥5.91B¥8.08B
Share capital¥1.06B¥1.06B¥1.08B¥1.09B¥1.09B
Property, plant and equipment¥1.3B¥1.26B¥3.28B¥3.02B¥2.91B
Intangible assets excluding goodwill¥281.6M¥249.3M¥198.4M¥180.2M¥483.6M
Goodwill¥243M¥205.4M¥159.3M¥134.2M¥446.3M
Investment securities¥263.9M¥221.4M¥755.8M¥725M¥709.8M
Current assets¥12.9B¥11.9B¥11.7B¥12.5B¥26.7B
Current liabilities¥9.7B¥8.79B¥9.01B¥9.88B¥21B
Trade payables¥2.03B¥1.18B¥1.08B¥1.23B¥3.99B
Short-term borrowings¥5.52B¥5.62B¥5.12B¥6.8B¥13.4B
Long-term borrowings¥1.46B¥1.05B¥1.9B¥1.6B¥2.72B
Bonds¥20M————
Interest-bearing debt¥7Bderived————
Total liabilities¥11.4B¥10B¥11.1B¥11.6B¥24B
Non-controlling interests¥41.3M¥44.1M¥1.4M¥1.5M¥1.7M
Equity attributable to owners of parent¥3.76B¥4.25B¥5.62B¥5.85B¥7.87B
Retained earnings¥1.36B¥1.89B¥3.3B¥3.57B¥5.57B
Treasury stock-¥127.5M-¥162.7M-¥252.7M-¥337.5M-¥342.1M

Sources

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

    有価証券報告書-第70期(2025/04/01-2026/03/31)

    ID S100YKH42026-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第69期(2024/04/01-2025/03/31)

    ID S100W6ZV2025-06-26Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第68期(2023/04/01-2024/03/31)

    ID S100UP1B2024-11-11Open
  • EDINET (FSA Japan)

    有価証券報告書-第67期(2022/04/01-2023/03/31)

    ID S100R1KV2023-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第66期(令和3年4月1日-令和4年3月31日)

    ID S100OGGU2022-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第65期(令和2年4月1日-令和3年3月31日)

    ID S100LSMF2021-06-28Open

Extracted from XBRL: 53 / Derived from other figures: 1

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