Miyaji Engineering GroupMIYAJI ENGINEERING GROUP, INC.3431東証プライム金属製品FY ending Mar 2026, consolidated, J-GAAP

Miyaji Engineering Group revenue and profit

Out of every ¥100 of sales, about ¥8 is left as operating profit. Revenue changed -24.2% from the prior year, operating profit -50.6%.

Five-year trend

Revenue¥56.7B
FY ending Mar 2022: ¥58B¥58BFY ending Mar 2023: ¥60.3B¥60.3BFY ending Mar 2024: ¥69.4B¥69.4BFY ending Mar 2025: ¥74.7B¥74.7BFY ending Mar 2026: ¥56.7B¥56.7BFY22FY23FY24FY25FY26
Operating income¥4.53B
FY ending Mar 2022: ¥5.81B¥5.81BFY ending Mar 2023: ¥5.13B¥5.13BFY ending Mar 2024: ¥7.9B¥7.9BFY ending Mar 2025: ¥9.16B¥9.16BFY ending Mar 2026: ¥4.53B¥4.53BFY22FY23FY24FY25FY26
Operating margin8.0%
FY ending Mar 2022: 10.0%10.0%FY ending Mar 2023: 8.5%8.5%FY ending Mar 2024: 11.4%11.4%FY ending Mar 2025: 12.3%12.3%FY ending Mar 2026: 8.0%8.0%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin5.8%
Asset turnover0.66×
ROA3.8%
ROA3.8%
Financial leverage2.54×
ROE9.6%

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

Net margin5.8%
2022: 5.9%5.9%2023: 5.1%5.1%2024: 6.3%6.3%2025: 6.5%6.5%2026: 5.8%5.8%2223242526
Asset turnover0.66×
2022: 0.94×0.94×2023: 0.97×0.97×2024: 1.01×1.01×2025: 0.91×0.91×2026: 0.66×0.66×2223242526
ROA3.8%
2022: 5.5%5.5%2023: 4.9%4.9%2024: 6.3%6.3%2025: 5.9%5.9%2026: 3.8%3.8%2223242526
Financial leverage2.54×
2022: 2.20×2.20×2023: 2.16×2.16×2024: 2.20×2.20×2025: 2.49×2.49×2026: 2.54×2.54×2223242526
ROE9.6%
2022: 12.1%12.1%2023: 10.6%10.6%2024: 14.0%14.0%2025: 14.7%14.7%2026: 9.6%9.6%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20225.9%0.94×5.5%2.20×12.1%
20235.1%0.97×4.9%2.16×10.6%
20246.3%1.01×6.3%2.20×14.0%
20256.5%0.91×5.9%2.49×14.7%
20265.8%0.66×3.8%2.54×9.6%

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 ÷ revenue31.6%
2021: 23.4%23.4%2022: 22.0%22.0%2023: 21.5%21.5%2024: 20.1%20.1%2025: 20.7%20.7%2026: 31.6%31.6%212223242526
PPE ÷ total assets21.8%
2021: 21.3%21.3%2022: 20.6%20.6%2023: 20.6%20.6%2024: 18.8%18.8%2025: 17.1%17.1%2026: 21.8%21.8%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¥315M
2021: ¥211.4M¥211.4M2022: ¥160M¥160M2023: ¥236M¥236M2024: ¥246M¥246M2025: ¥428M¥428M2026: ¥315M¥315M212223242526
R&D / revenue0.6%
2021: 0.4%0.4%2022: 0.3%0.3%2023: 0.4%0.4%2024: 0.4%0.4%2025: 0.6%0.6%2026: 0.6%0.6%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
Revenue58,00260,27969,36574,72556,659
Cost of revenue48,76051,22556,53260,53246,807
Gross profit9,2419,05312,83214,1929,852
SG&A3,4313,9254,9275,0355,326
Operating income5,8105,1277,9049,1574,525
Pretax income5,9645,3208,0489,5634,966
Income tax1,5561,5042,4992,9491,499
Net income attributable to owners3,4063,0774,3544,8513,264
Operating margin10.0%8.5%11.4%12.3%8.0%

Balance sheet (reported items)

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

Assets

Cash 15%
Property, plant and equipment 22%
0%
Investment securities 11%
Other assets 52%

Funding

Other liabilities 39%
Equity 61%
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¥16B¥13.6B¥19.1B¥16.5B¥12.4B
Total assets¥61.8B¥63.1B¥74.1B¥90.6B¥82B
Net assets¥39.1B¥41.6B¥46.6B¥48.6B¥50B
Share capital¥3B¥3B¥3B¥3B¥3B
Property, plant and equipment¥12.8B¥13B¥13.9B¥15.5B¥17.9B
Intangible assets excluding goodwill¥336M¥372M¥415M¥439M¥436M
Investment securities¥5.36B¥5.16B¥7.09B¥6.89B¥8.81B
Current assets¥42.1B¥43.2B¥51.3B¥66.7B¥53.8B
Current liabilities¥18.1B¥17.4B¥22.9B¥37.4B¥27.3B
Short-term borrowings———¥7.5B—
Long-term borrowings——¥300M¥300M—
Total liabilities¥22.7B¥21.5B¥27.5B¥42B¥32B
Non-controlling interests¥5.71B¥6.06B¥6.92B¥7.85B¥7.15B
Equity attributable to owners of parent¥28.1B¥29.8B¥32.5B¥33.6B¥34.3B
Retained earnings¥21.6B¥23.3B¥26B¥28.5B¥29.3B
Treasury stock-¥231M-¥232M-¥233M-¥1.73B-¥1.73B

Sources

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

    有価証券報告書-第23期(2025/04/01-2026/03/31)

    ID S100YDPT2026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第22期(2024/04/01-2025/03/31)

    ID S100W5UR2025-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第21期(2023/04/01-2024/03/31)

    ID S100TU8T2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第20期(2022/04/01-2023/03/31)

    ID S100R8IA2023-06-29Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第19期(令和3年4月1日-令和4年3月31日)

    ID S100OPN42022-07-13Open
  • EDINET (FSA Japan)

    有価証券報告書-第18期(令和2年4月1日-令和3年3月31日)

    ID S100LQ462021-06-25Open

Extracted from XBRL: 50 / Derived from other figures: 1

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