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Moriroku CompanyMORIROKU COMPANY, LTD.4249東証プライム化学FY ending Mar 2026, consolidated, J-GAAP

Moriroku Company revenue and profit

Out of every ¥100 of sales, about ¥3 is left as operating profit. Revenue changed -8.4% from the prior year, operating profit +12.2%.

Five-year trend

Revenue¥133.9B
FY ending Mar 2022: ¥128.8B¥128.8BFY ending Mar 2023: ¥142B¥142BFY ending Mar 2024: ¥145.6B¥145.6BFY ending Mar 2025: ¥146.2B¥146.2BFY ending Mar 2026: ¥133.9B¥133.9BFY22FY23FY24FY25FY26
Operating income¥4.64B
FY ending Mar 2022: ¥2.85B¥2.85BFY ending Mar 2023: ¥1.33B¥1.33BFY ending Mar 2024: ¥5.71B¥5.71BFY ending Mar 2025: ¥4.13B¥4.13BFY ending Mar 2026: ¥4.64B¥4.64BFY22FY23FY24FY25FY26
Operating margin3.5%
FY ending Mar 2022: 2.2%2.2%FY ending Mar 2023: 0.9%0.9%FY ending Mar 2024: 3.9%3.9%FY ending Mar 2025: 2.8%2.8%FY ending Mar 2026: 3.5%3.5%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin1.8%
Asset turnover1.08×
ROA2.0%
ROA2.0%
Financial leverage2.43×
ROE4.8%

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

Net margin1.8%
2022: 3.3%3.3%2023: 0.9%0.9%2024: 2.1%2.1%2026: 1.8%1.8%2223242526
Asset turnover1.08×
2022: 0.94×0.94×2023: 1.06×1.06×2024: 1.07×1.07×2026: 1.08×1.08×2223242526
ROA2.0%
2022: 3.1%3.1%2023: 1.0%1.0%2024: 2.2%2.2%2025: -5.9%-5.9%2026: 2.0%2.0%2223242526
Financial leverage2.43×
2022: 2.22×2.22×2023: 2.20×2.20×2024: 2.25×2.25×2026: 2.43×2.43×2223242526
ROE4.8%
2022: 6.9%6.9%2023: 2.2%2.2%2024: 5.0%5.0%2026: 4.8%4.8%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.3%0.94×3.1%2.22×6.9%
20230.9%1.06×1.0%2.20×2.2%
20242.1%1.07×2.2%2.25×5.0%
2025——×-5.9%—×—
20261.8%1.08×2.0%2.43×4.8%

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 ÷ revenue28.1%
2021: 28.2%28.2%2022: 34.6%34.6%2023: 32.5%32.5%2024: 31.3%31.3%2025: 27.5%27.5%2026: 28.1%28.1%212223242526
PPE ÷ total assets30.4%
2021: 33.0%33.0%2022: 32.5%32.5%2023: 35.0%35.0%2024: 32.4%32.4%2025: 32.2%32.2%2026: 30.4%30.4%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¥3.57B
2021: ¥2.58B¥2.58B2022: ¥2.61B¥2.61B2023: ¥3.03B¥3.03B2024: ¥3.25B¥3.25B2025: ¥3.72B¥3.72B2026: ¥3.57B¥3.57B212223242526
R&D / revenue2.7%
2021: 1.7%1.7%2022: 2.0%2.0%2023: 2.1%2.1%2024: 2.2%2.2%2025: 2.5%2.5%2026: 2.7%2.7%212223242526
Receivable days—
2021: 74d74d212223242526
Payable days62d
2021: 56d56d2022: 73d73d2023: 58d58d2024: 68d68d2025: 56d56d2026: 62d62d212223242526

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
Revenue128,842142,019145,638146,174133,871
Cost of revenue109,541123,018121,289122,570109,683
Gross profit19,30019,00024,34823,60424,188
SG&A16,45417,66418,64119,46919,549
Operating income2,8461,3355,7064,1354,638
Pretax income7,9153,4074,974-6,5714,237
Income tax3,5711,9591,8721,1841,735
Net income attributable to owners4,2591,3463,022-7,8142,447
Operating margin2.2%0.9%3.9%2.8%3.5%

Balance sheet (reported items)

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

Assets

Cash 12%
Property, plant and equipment 31%
1%
7%
Other assets 49%

Funding

Trade payables 15%
Interest-bearing debt 15%
Other liabilities 16%
Equity 54%
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¥18.4B¥17.7B¥19.4B¥19.1B¥15.3B
Total assets¥137.1B¥131.8B¥140.6B¥124.6B¥123.7B
Net assets¥72.1B¥70.7B¥76.4B¥64.9B¥67.4B
Share capital¥1.64B¥1.64B¥1.64B¥1.64B¥1.64B
Property, plant and equipment¥44.6B¥46.1B¥45.6B¥40.1B¥37.6B
Intangible assets excluding goodwill¥981M¥948M¥953M¥1.46B¥1.59B
Investment securities¥11.9B¥8.48B¥12.5B¥7.55B¥8.48B
Current assets¥77.1B¥73.7B¥78.2B¥72.8B¥72.2B
Current liabilities¥56B¥53.5B¥53.3B¥52.8B¥49.3B
Trade payables¥21.8B¥19.5B¥22.7B¥18.9B¥18.6B
Short-term borrowings¥21.2B¥21.5B¥16.9B¥15.7B¥15.1B
Long-term borrowings¥3.51B¥2.76B¥3.96B¥2.31B¥2.22B
Bonds——¥1.03B¥859M¥688M
Interest-bearing debt——¥21.9Bderived¥18.8Bderived¥18Bderived
Total liabilities¥65.1B¥61.1B¥64.1B¥59.7B¥56.4B
Non-controlling interests¥1.38B¥1.36B¥1.3B¥1.25B¥1.21B
Equity attributable to owners of parent¥61.7B¥60.3B¥60.8B¥51.1B¥51.1B
Retained earnings¥56.6B¥56.5B¥57.9B¥48.5B¥48.2B
Treasury stock-¥1.35B-¥2.63B-¥1.47B-¥518M-¥162M

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第111期(2025/04/01－2026/03/31)

    ID S100YE002026-06-18Open

  • EDINET (FSA Japan)

    有価証券報告書－第110期(2024/04/01－2025/03/31)

    ID S100W1662025-06-20Open

  • EDINET (FSA Japan)

    有価証券報告書－第109期(2023/04/01－2024/03/31)

    ID S100TNA42024-06-18Open

  • EDINET (FSA Japan)

    有価証券報告書－第108期(2022/04/01－2023/03/31)

    ID S100R1J82023-06-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第107期(令和3年4月1日－令和4年3月31日)

    ID S100O9B42022-06-16Open

  • EDINET (FSA Japan)

    有価証券報告書－第106期(令和2年4月1日－令和3年3月31日)

    ID S100LM0V2021-06-22Open

Extracted from XBRL: 54 / Derived from other figures: 2

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