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MitsubaMITSUBA Corporation7280東証プライム電気機器FY ending Mar 2026, consolidated, J-GAAP

Mitsuba FY ending Mar 2026 results

About 93% of Mitsuba's sales come from Transportation equipment related, with Information service making up much of the rest.

Out of every ¥100 of sales, about ¥7 is left as operating profit.

Revenue changed -0.2% from the prior year, operating profit +14.2%.

Revenue and profit pattern

Revenue down, profit up

Revenue -0.2% · profit +14.2%, calculated from disclosed figures.

Operating leverage: -65.92× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
-0.2%¥349.4B → ¥348.6B
Gross profit
+5.0%¥54.3B → ¥57B
Operating income
+14.2%¥20.9B → ¥23.9B
Net income attributable to owners
-0.4%¥11.9B → ¥11.8B
Operating cash flow
-24.8%¥38B → ¥28.6B
Free cash flow
-41.8%¥29.2B → ¥17B

Results at a glance

  • Revenue for the FY ending Mar 2026 was ¥348.6B, almost unchanged from ¥349.4B (-0.2%).
  • Operating income grew from ¥20.9B to ¥23.9B, up +14.2%, so the core business became more profitable.
  • Net income stayed about flat at ¥11.8B (-0.4%), and operating cash flow fell -24.8% to ¥28.6B.

What drove the change

  • Car parts sales in China stayed weak, but the motorcycle business in Asia and South America did well
  • The IT services business grew on large projects for local governments, schools and energy companies, plus PC upgrade demand
  • Impairment losses at subsidiaries in China kept the rise in operating income from reaching net income

Things to watch

  • Price competition with global mega-suppliers and local makers overseas, plus new entrants from other industries, could get tougher
  • War, conflict or shifts in trade policy in the countries where it operates could hurt the business
  • Higher prices for materials and energy, and sharp swings in emerging-market currencies, could raise costs

Annual securities report (FY ending Mar 2026) / Management's discussion and analysis · Annual securities report (FY ending Mar 2026) / Business risks

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Mitsuba sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥84
SG&A
¥9
Operating profit
¥7
Net profit kept
¥3

Annual margin trends

Gross margin16.3%
FY ending Mar 2021: 14.1%14.1%FY ending Mar 2022: 13.6%13.6%FY ending Mar 2023: 12.5%12.5%FY ending Mar 2024: 15.2%15.2%FY ending Mar 2025: 15.5%15.5%FY ending Mar 2026: 16.3%16.3%FY21FY22FY23FY24FY25FY26
Operating margin6.9%
FY ending Mar 2021: 3.2%3.2%FY ending Mar 2022: 2.5%2.5%FY ending Mar 2023: 2.1%2.1%FY ending Mar 2024: 6.1%6.1%FY ending Mar 2025: 6.0%6.0%FY ending Mar 2026: 6.9%6.9%FY21FY22FY23FY24FY25FY26
Net margin3.4%
FY ending Mar 2021: 0.3%0.3%FY ending Mar 2022: 0.0%0.0%FY ending Mar 2023: 0.4%0.4%FY ending Mar 2024: 4.0%4.0%FY ending Mar 2025: 3.4%3.4%FY ending Mar 2026: 3.4%3.4%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第81期(2025/04/01－2026/03/31)

    ID S100Y9OD2026-06-24Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第80期(2024/04/01－2025/03/31)

    ID S100W8I72025-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第79期(2023/04/01－2024/03/31)

    ID S100TNHY2024-06-20Open

  • EDINET (FSA Japan)

    有価証券報告書－第78期(2022/04/01－2023/03/31)

    ID S100QYZZ2023-06-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第77期(令和3年4月1日－令和4年3月31日)

    ID S100OBF42022-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第76期(令和2年4月1日－令和3年3月31日)

    ID S100LKF52021-06-25Open

Extracted from XBRL: 54 / Derived from other figures: 1

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

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