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MISUMI GroupMISUMI Group Inc.9962東証プライム卸売業FY ending Mar 2026, consolidated, J-GAAP

MISUMI Group revenue and profit

Out of every ¥100 of sales, about ¥11 is left as operating profit. Revenue changed +9.8% from the prior year, operating profit +2.4%.

Five-year trend

Revenue¥441.4B
FY ending Mar 2022: ¥366.2B¥366.2BFY ending Mar 2023: ¥373.2B¥373.2BFY ending Mar 2024: ¥367.6B¥367.6BFY ending Mar 2025: ¥402B¥402BFY ending Mar 2026: ¥441.4B¥441.4BFY22FY23FY24FY25FY26
Operating income¥47.6B
FY ending Mar 2022: ¥52.2B¥52.2BFY ending Mar 2023: ¥46.6B¥46.6BFY ending Mar 2024: ¥38.4B¥38.4BFY ending Mar 2025: ¥46.5B¥46.5BFY ending Mar 2026: ¥47.6B¥47.6BFY22FY23FY24FY25FY26
Operating margin10.8%
FY ending Mar 2022: 14.3%14.3%FY ending Mar 2023: 12.5%12.5%FY ending Mar 2024: 10.4%10.4%FY ending Mar 2025: 11.6%11.6%FY ending Mar 2026: 10.8%10.8%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin9.2%
Asset turnover1.00×
ROA9.1%
ROA9.1%
Financial leverage1.44×
ROE13.2%

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

Net margin9.2%
2022: 10.3%10.3%2023: 9.2%9.2%2024: 7.7%7.7%2025: 9.1%9.1%2026: 9.2%9.2%2223242526
Asset turnover1.00×
2022: 1.05×1.05×2023: 1.03×1.03×2024: 0.93×0.93×2025: 0.97×0.97×2026: 1.00×1.00×2223242526
ROA9.1%
2022: 10.8%10.8%2023: 9.4%9.4%2024: 7.1%7.1%2025: 8.8%8.8%2026: 9.1%9.1%2223242526
Financial leverage1.44×
2022: 1.35×1.35×2023: 1.34×1.34×2024: 1.37×1.37×2025: 1.39×1.39×2026: 1.44×1.44×2223242526
ROE13.2%
2022: 14.5%14.5%2023: 12.7%12.7%2024: 9.7%9.7%2025: 12.2%12.2%2026: 13.2%13.2%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202210.3%1.05×10.8%1.35×14.5%
20239.2%1.03×9.4%1.34×12.7%
20247.7%0.93×7.1%1.37×9.7%
20259.1%0.97×8.8%1.39×12.2%
20269.2%1.00×9.1%1.44×13.2%

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 ÷ revenue12.8%
2021: 13.7%13.7%2022: 12.7%12.7%2023: 13.0%13.0%2024: 13.9%13.9%2025: 13.1%13.1%2026: 12.8%12.8%212223242526
PPE ÷ total assets12.2%
2021: 14.7%14.7%2022: 13.4%13.4%2023: 12.8%12.8%2024: 12.3%12.3%2025: 12.5%12.5%2026: 12.2%12.2%212223242526
Goodwill ÷ parent equity14.2%
2026: 14.2%14.2%212223242526
Goodwill balance¥44B
2026: ¥44B¥44B212223242526

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¥5.37B
2021: ¥966M¥966M2022: ¥1.21B¥1.21B2023: ¥2.8B¥2.8B2024: ¥3.98B¥3.98B2025: ¥4.14B¥4.14B2026: ¥5.37B¥5.37B212223242526
R&D / revenue1.2%
2021: 0.3%0.3%2022: 0.3%0.3%2023: 0.8%0.8%2024: 1.1%1.1%2025: 1.0%1.0%2026: 1.2%1.2%212223242526
Receivable days81d
2021: 84d84d2022: 77d77d2023: 75d75d2024: 75d75d2025: 71d71d2026: 81d81d212223242526
Payable days46d
2021: 40d40d2022: 40d40d2023: 41d41d2024: 38d38d2025: 36d36d2026: 46d46d212223242526

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
Revenue366,160373,151367,649401,987441,383
Cost of revenue199,296202,073200,272214,997235,367
Gross profit166,863171,078167,377186,990206,015
SG&A114,652124,463129,011140,509158,402
Operating income52,21046,61538,36546,48047,613
Pretax income51,13146,53339,21949,94048,498
Income tax13,50912,12610,96413,2857,873
Net income attributable to owners37,55734,28228,15236,54940,457
Operating margin14.3%12.5%10.4%11.6%10.8%

Balance sheet (reported items)

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

Assets

Cash 23%
Receivables 21%
Property, plant and equipment 12%
Intangibles and goodwill 29%
1%
Other assets 14%

Funding

7%
Other liabilities 11%
Equity 82%

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¥101.4B¥106.6B¥133.4B¥128.3B¥104.2B
Total assets¥347.4B¥378.5B¥413.5B¥419.6B¥465B
Net assets¥280B¥314.2B¥347.7B¥352.1B¥382.5B
Share capital¥13.7B¥13.9B¥14.1B¥14.5B¥14.7B
Trade receivables¥76.8B¥76.4B¥75.9B¥78.4B¥98.5B
Property, plant and equipment¥46.5B¥48.4B¥51B¥52.5B¥56.6B
Intangible assets excluding goodwill¥35.7B¥35B¥36.1B¥33.3B¥90.4B
Goodwill————¥44B
Investment securities¥6M¥6M¥6M¥1.22B¥5.55B
Current assets¥253.1B¥282.6B¥313.4B¥317.8B¥295.7B
Current liabilities¥52.4B¥48.9B¥49.9B¥51.9B¥65.2B
Trade payables¥21.6B¥22.4B¥21B¥21.2B¥29.9B
Total liabilities¥67.4B¥64.2B¥65.8B¥67.5B¥82.5B
Non-controlling interests¥797M¥948M¥1.08B¥1.12B¥1.38B
Equity attributable to owners of parent¥258.1B¥283.7B¥295.9B¥304.3B¥309.7B
Retained earnings¥220.5B¥245.6B¥266.7B¥293.5B¥322.7B
Treasury stock-¥79M-¥80M-¥9.16B-¥28.4B-¥52.4B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第64期(2025/04/01－2026/03/31)

    ID S100YB3N2026-06-16Open

  • EDINET (FSA Japan)

    有価証券報告書－第63期(2024/04/01－2025/03/31)

    ID S100VXU62025-06-18Open

  • EDINET (FSA Japan)

    有価証券報告書－第62期(2023/04/01－2024/03/31)

    ID S100TPEH2024-06-21Open

  • EDINET (FSA Japan)

    有価証券報告書－第61期(2022/04/01－2023/03/31)

    ID S100R1SZ2023-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第60期(令和3年4月1日－令和4年3月31日)

    ID S100OEEK2022-06-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第59期(令和2年4月1日－令和3年3月31日)

    ID S100LRIF2021-06-25Open

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

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