Miyairi Valve MFG.MIYAIRI VALVE MFG.CO., LTD.6495東証スタンダード機械FY ending Mar 2026, non-consolidated, J-GAAP

Miyairi Valve MFG. revenue and profit

Out of every ¥100 of sales, about ¥2 is left as operating profit. Revenue changed +3.8% from the prior year, operating profit +35.5%.

Five-year trend

Revenue¥7.04B
FY ending Mar 2022: ¥5.39B¥5.39BFY ending Mar 2023: ¥6.33B¥6.33BFY ending Mar 2024: ¥6.16B¥6.16BFY ending Mar 2025: ¥6.79B¥6.79BFY ending Mar 2026: ¥7.04B¥7.04BFY22FY23FY24FY25FY26
Operating income¥111.1M
FY ending Mar 2022: ¥72.5M¥72.5MFY ending Mar 2023: ¥265M¥265MFY ending Mar 2024: ¥210.9M¥210.9MFY ending Mar 2025: ¥82M¥82MFY ending Mar 2026: ¥111.1M¥111.1MFY22FY23FY24FY25FY26
Operating margin1.6%
FY ending Mar 2022: 1.3%1.3%FY ending Mar 2023: 4.2%4.2%FY ending Mar 2024: 3.4%3.4%FY ending Mar 2025: 1.2%1.2%FY ending Mar 2026: 1.6%1.6%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin0.9%
Asset turnover0.80×
ROA0.7%
ROA0.7%
Financial leverage4.02×
ROE2.8%

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

Net margin0.9%
2022: 0.8%0.8%2023: 3.7%3.7%2024: 2.9%2.9%2026: 0.9%0.9%2223242526
Asset turnover0.80×
2022: 0.66×0.66×2023: 0.78×0.78×2024: 0.73×0.73×2026: 0.80×0.80×2223242526
ROA0.7%
2022: 0.5%0.5%2023: 2.9%2.9%2024: 2.1%2.1%2025: -0.9%-0.9%2026: 0.7%0.7%2223242526
Financial leverage4.02×
2022: 3.88×3.88×2023: 3.70×3.70×2024: 3.58×3.58×2026: 4.02×4.02×2223242526
ROE2.8%
2022: 1.9%1.9%2023: 10.6%10.6%2024: 7.5%7.5%2026: 2.8%2.8%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20220.8%0.66×0.5%3.88×1.9%
20233.7%0.78×2.9%3.70×10.6%
20242.9%0.73×2.1%3.58×7.5%
2025——×-0.9%—×—
20260.9%0.80×0.7%4.02×2.8%

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 ÷ revenue59.7%
2021: 82.7%82.7%2022: 71.8%71.8%2023: 61.4%61.4%2024: 67.3%67.3%2025: 65.1%65.1%2026: 59.7%59.7%212223242526
PPE ÷ total assets47.7%
2021: 46.4%46.4%2022: 47.3%47.3%2023: 47.8%47.8%2024: 47.9%47.9%2025: 49.6%49.6%2026: 47.7%47.7%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.

R&D spending¥214.7M
2021: ¥100.1M¥100.1M2022: ¥200.1M¥200.1M2023: ¥267.9M¥267.9M2024: ¥281.5M¥281.5M2025: ¥262.9M¥262.9M2026: ¥214.7M¥214.7M212223242526
R&D / revenue3.0%
2021: 2.2%2.2%2022: 3.7%3.7%2023: 4.2%4.2%2024: 4.6%4.6%2025: 3.9%3.9%2026: 3.0%3.0%212223242526

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
Revenue5,3866,3316,1586,7867,044
Cost of revenue4,5425,1454,9695,7415,978
Gross profit8441,1871,1891,0451,066
SG&A772922978963955
Operating income7326521182111
Pretax income53259209-4894
Income tax1326322734
Net income attributable to owners41233177-7561
Operating margin1.3%4.2%3.4%1.2%1.6%

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 48%
1%
5%
Other assets 43%

Funding

Other liabilities 55%
Equity 45%
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¥208.1M¥284M¥388.2M¥343.8M¥260.8M
Total assets¥8.18B¥8.14B¥8.65B¥8.9B¥8.81B
Net assets¥3.88B¥4.08B¥4.18B¥3.98B¥3.98B
Share capital¥1.99B¥1.99B¥1.99B¥1.99B¥1.99B
Property, plant and equipment¥3.87B¥3.89B¥4.14B¥4.41B¥4.2B
Intangible assets excluding goodwill¥15.9M¥23M¥84.4M¥69.2M¥52.8M
Investment securities¥321.2M¥323.7M¥320.9M¥296.9M¥461.5M
Current assets¥3.54B¥3.41B¥3.52B¥3.52B¥3.56B
Current liabilities¥2.39B¥2.27B¥2.72B¥2.8B¥2.67B
Short-term borrowings¥1.18B¥930.6M¥1.2B¥1.35B¥1.24B
Long-term borrowings¥641.3M¥472.6M¥331.5M¥703.4M¥783M
Total liabilities¥4.29B¥4.06B¥4.47B¥4.92B¥4.83B
Equity attributable to owners of parent¥2.11B¥2.3B¥2.39B¥2.22B¥2.19B
Retained earnings¥235.1M¥420.2M¥500.7M¥329.5M¥293.9M
Treasury stock-¥124.5M-¥117.3M-¥109.3M-¥104.2M-¥104.2M

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 S100YKBD2026-06-25Open
  • EDINET (FSA Japan)

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

    ID S100W3CI2025-06-24Open
  • EDINET (FSA Japan)

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

    ID S100TUHG2024-06-26Open
  • EDINET (FSA Japan)

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

    ID S100R40Z2023-06-26Open
  • 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 S100OGWP2022-06-27Open
  • 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 S100LQME2021-06-25Open

Extracted from XBRL: 48 / Derived from other figures: 1

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