Morishita JintanMORISHITA JINTAN CO.,LTD.4524東証スタンダード医薬品FY ending Mar 2026, consolidated, J-GAAP

Morishita Jintan revenue and profit

Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed -0.6% from the prior year, operating profit -13.9%.

Five-year trend

Revenue¥12.7B
FY ending Mar 2022: ¥9.56B¥9.56BFY ending Mar 2023: ¥11.4B¥11.4BFY ending Mar 2024: ¥12.4B¥12.4BFY ending Mar 2025: ¥12.8B¥12.8BFY ending Mar 2026: ¥12.7B¥12.7BFY22FY23FY24FY25FY26
Operating income¥692M
FY ending Mar 2022: ¥299M¥299MFY ending Mar 2023: ¥569M¥569MFY ending Mar 2024: ¥716M¥716MFY ending Mar 2025: ¥804M¥804MFY ending Mar 2026: ¥692M¥692MFY22FY23FY24FY25FY26
Operating margin5.5%
FY ending Mar 2022: 3.1%3.1%FY ending Mar 2023: 5.0%5.0%FY ending Mar 2024: 5.8%5.8%FY ending Mar 2025: 6.3%6.3%FY ending Mar 2026: 5.5%5.5%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin4.9%
Asset turnover0.69×
ROA3.4%
ROA3.4%
Financial leverage1.71×
ROE5.9%

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

Net margin4.9%
2022: 3.0%3.0%2023: 4.3%4.3%2024: 5.6%5.6%2025: 4.3%4.3%2026: 4.9%4.9%2223242526
Asset turnover0.69×
2022: 0.66×0.66×2023: 0.74×0.74×2024: 0.75×0.75×2025: 0.73×0.73×2026: 0.69×0.69×2223242526
ROA3.4%
2022: 2.0%2.0%2023: 3.2%3.2%2024: 4.2%4.2%2025: 3.1%3.1%2026: 3.4%3.4%2223242526
Financial leverage1.71×
2022: 1.57×1.57×2023: 1.63×1.63×2024: 1.69×1.69×2025: 1.71×1.71×2026: 1.71×1.71×2223242526
ROE5.9%
2022: 3.1%3.1%2023: 5.2%5.2%2024: 7.1%7.1%2025: 5.3%5.3%2026: 5.9%5.9%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.0%0.66×2.0%1.57×3.1%
20234.3%0.74×3.2%1.63×5.2%
20245.6%0.75×4.2%1.69×7.1%
20254.3%0.73×3.1%1.71×5.3%
20264.9%0.69×3.4%1.71×5.9%

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 ÷ revenue48.6%
2021: 50.2%50.2%2022: 46.8%46.8%2023: 39.3%39.3%2024: 43.5%43.5%2025: 43.2%43.2%2026: 48.6%48.6%212223242526
PPE ÷ total assets33.1%
2021: 32.8%32.8%2022: 30.9%30.9%2023: 27.7%27.7%2024: 31.4%31.4%2025: 30.8%30.8%2026: 33.1%33.1%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¥1.11B
2021: ¥1.06B¥1.06B2022: ¥850M¥850M2023: ¥849M¥849M2024: ¥957M¥957M2025: ¥1.11B¥1.11B2026: ¥1.11B¥1.11B212223242526
R&D / revenue8.8%
2021: 11.3%11.3%2022: 8.9%8.9%2023: 7.5%7.5%2024: 7.7%7.7%2025: 8.7%8.7%2026: 8.8%8.8%212223242526
Receivable days—
2021: 67d67d212223242526
Payable days45d
2021: 61d61d2022: 77d77d2023: 83d83d2024: 76d76d2025: 69d69d2026: 45d45d212223242526

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
Revenue9,56311,35912,40612,76612,688
Cost of revenue4,6866,0476,4086,7936,594
Gross profit4,8765,3115,9975,9736,094
SG&A4,5774,7425,2815,1695,402
Operating income299569716804692
Pretax income385623820772773
Income tax101131123225144
Net income attributable to owners283491697547628
Operating margin3.1%5.0%5.8%6.3%5.5%

Balance sheet (reported items)

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

Assets

Cash 10%
Property, plant and equipment 33%
2%
Investment securities 23%
Other assets 32%

Funding

4%
Other liabilities 26%
Equity 70%

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¥2.14B¥2.41B¥1.09B¥1.94B¥1.83B
Total assets¥14.5B¥16.1B¥17.2B¥17.9B¥18.6B
Net assets¥10.5B¥11.4B¥12.1B¥12.2B¥13B
Share capital¥3.54B¥3.54B¥3.54B¥3.54B¥3.54B
Property, plant and equipment¥4.47B¥4.46B¥5.39B¥5.51B¥6.16B
Intangible assets excluding goodwill¥458M¥353M¥278M¥265M¥295M
Investment securities¥3.22B¥4.08B¥4.39B¥3.86B¥4.31B
Current assets¥6.26B¥7.14B¥7.05B¥8.19B¥7.77B
Current liabilities¥2.13B¥2.82B¥3.23B¥2.84B¥2.58B
Trade payables¥983M¥1.38B¥1.34B¥1.29B¥814M
Short-term borrowings————¥300M
Long-term borrowings¥469M¥242M¥106M¥1.26B¥1.21B
Total liabilities¥4.02B¥4.71B¥5.04B¥5.74B¥5.65B
Equity attributable to owners of parent¥9.22B¥9.56B¥10.1B¥10.5B¥10.9B
Retained earnings¥4.83B¥5.17B¥5.71B¥6.05B¥6.45B
Treasury stock-¥120M-¥114M-¥108M-¥99M-¥86M

Sources

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

    有価証券報告書-第89期(2025/04/01-2026/03/31)

    ID S100YE3I2026-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第88期(2024/04/01-2025/03/31)

    ID S100W0BR2025-06-20Open
  • EDINET (FSA Japan)

    有価証券報告書-第87期(2023/04/01-2024/03/31)

    ID S100TRZ72024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第86期(2022/04/01-2023/03/31)

    ID S100R8RC2023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第85期(令和3年4月1日-令和4年3月31日)

    ID S100OJ6V2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第84期(令和2年4月1日-令和3年3月31日)

    ID S100LOVX2021-06-29Open

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

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