MuroMURO CORPORATION7264東証スタンダード輸送用機器FY ending Mar 2026, consolidated, J-GAAP

Muro revenue and profit

Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed +2.5% from the prior year, operating profit +64.1%.

Five-year trend

Revenue¥23.1B
FY ending Mar 2022: ¥20.5B¥20.5BFY ending Mar 2023: ¥21.8B¥21.8BFY ending Mar 2024: ¥23.7B¥23.7BFY ending Mar 2025: ¥22.6B¥22.6BFY ending Mar 2026: ¥23.1B¥23.1BFY22FY23FY24FY25FY26
Operating income¥1.24B
FY ending Mar 2022: ¥1.26B¥1.26BFY ending Mar 2023: ¥410.7M¥410.7MFY ending Mar 2024: ¥1.45B¥1.45BFY ending Mar 2025: ¥755.2M¥755.2MFY ending Mar 2026: ¥1.24B¥1.24BFY22FY23FY24FY25FY26
Operating margin5.4%
FY ending Mar 2022: 6.1%6.1%FY ending Mar 2023: 1.9%1.9%FY ending Mar 2024: 6.1%6.1%FY ending Mar 2025: 3.3%3.3%FY ending Mar 2026: 5.4%5.4%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin3.1%
Asset turnover0.76×
ROA2.4%
ROA2.4%
Financial leverage1.51×
ROE3.6%

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

Net margin3.1%
2022: 6.6%6.6%2023: 1.3%1.3%2024: 5.6%5.6%2025: 2.2%2.2%2026: 3.1%3.1%2223242526
Asset turnover0.76×
2022: 0.75×0.75×2023: 0.79×0.79×2024: 0.78×0.78×2025: 0.72×0.72×2026: 0.76×0.76×2223242526
ROA2.4%
2022: 4.9%4.9%2023: 1.1%1.1%2024: 4.4%4.4%2025: 1.5%1.5%2026: 2.4%2.4%2223242526
Financial leverage1.51×
2022: 1.47×1.47×2023: 1.49×1.49×2024: 1.58×1.58×2025: 1.59×1.59×2026: 1.51×1.51×2223242526
ROE3.6%
2022: 7.2%7.2%2023: 1.6%1.6%2024: 6.9%6.9%2025: 2.5%2.5%2026: 3.6%3.6%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20226.6%0.75×4.9%1.47×7.2%
20231.3%0.79×1.1%1.49×1.6%
20245.6%0.78×4.4%1.58×6.9%
20252.2%0.72×1.5%1.59×2.5%
20263.1%0.76×2.4%1.51×3.6%

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 ÷ revenue43.9%
2021: 44.5%44.5%2022: 45.2%45.2%2023: 43.5%43.5%2024: 45.4%45.4%2025: 47.2%47.2%2026: 43.9%43.9%212223242526
PPE ÷ total assets33.5%
2021: 31.6%31.6%2022: 33.9%33.9%2023: 33.9%33.9%2024: 33.1%33.1%2025: 35.0%35.0%2026: 33.5%33.5%212223242526
Goodwill ÷ parent equity—
2021: 0.4%0.4%2022: 0.3%0.3%2023: 0.1%0.1%212223242526
Goodwill balance—
2021: ¥75.3M¥75.3M2022: ¥50.2M¥50.2M2023: ¥25.1M¥25.1M212223242526

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¥97.6M
2021: ¥41.3M¥41.3M2022: ¥63.1M¥63.1M2023: ¥82.7M¥82.7M2024: ¥78.8M¥78.8M2025: ¥95.8M¥95.8M2026: ¥97.6M¥97.6M212223242526
R&D / revenue0.4%
2021: 0.2%0.2%2022: 0.3%0.3%2023: 0.4%0.4%2024: 0.3%0.3%2025: 0.4%0.4%2026: 0.4%0.4%212223242526
Receivable days53d
2021: 56d56d2022: 56d56d2023: 58d58d2024: 44d44d2025: 49d49d2026: 53d53d212223242526
Payable days24d
2021: 25d25d2022: 30d30d2023: 29d29d2024: 23d23d2025: 24d24d2026: 24d24d212223242526

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
Revenue20,53421,84223,65622,59023,144
Cost of revenue16,52218,48719,10918,66418,714
Gross profit4,0123,3554,5473,9264,430
SG&A2,7522,9453,1013,1713,190
Operating income1,2604111,4467551,239
Pretax income2,0037661,9518531,198
Income tax655474633367484
Net income attributable to owners1,3482921,317486714
Operating margin6.1%1.9%6.1%3.3%5.4%

Balance sheet (reported items)

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

Assets

Cash 22%
Receivables 11%
Property, plant and equipment 34%
1%
7%
Other assets 25%

Funding

4%
Other liabilities 21%
Equity 75%
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¥6.24B¥6.34B¥8.83B¥7.57B¥6.8B
Total assets¥27.4B¥28.1B¥32.4B¥30.5B¥30.3B
Net assets¥19.3B¥19.7B¥21.7B¥22.1B¥22.7B
Share capital¥1.1B¥1.1B¥1.1B¥1.1B¥1.1B
Trade receivables¥3.16B¥3.45B¥2.83B¥3.06B¥3.34B
Property, plant and equipment¥9.28B¥9.51B¥10.7B¥10.7B¥10.2B
Intangible assets excluding goodwill¥327.6M¥299.3M¥269.4M¥266.2M¥317.6M
Goodwill¥50.2M¥25.1M———
Investment securities¥2.15B¥1.85B¥1.93B¥1.85B¥2.09B
Current assets¥14.4B¥15.3B¥17.5B¥16.4B¥16.7B
Current liabilities¥7.37B¥7.38B¥8.92B¥6.93B¥6.25B
Trade payables¥1.36B¥1.45B¥1.19B¥1.21B¥1.23B
Short-term borrowings¥960M¥1.11B¥1.5B¥1.11B¥810M
Long-term borrowings¥414.2M¥643.5M¥1.04B¥851.5M¥674.5M
Total liabilities¥8.05B¥8.32B¥10.8B¥8.42B¥7.55B
Equity attributable to owners of parent¥18.6B¥18.6B¥19.7B¥19.9B¥20.3B
Retained earnings¥17B¥17B¥18.1B¥18.3B¥18.7B
Treasury stock-¥395.4M-¥395.5M-¥395.5M-¥395.5M-¥395.5M

Sources

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

    有価証券報告書-第69期(2025/04/01-2026/03/31)

    ID S100YGBE2026-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第68期(2024/04/01-2025/03/31)

    ID S100W2902025-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第67期(2023/04/01-2024/03/31)

    ID S100TQPL2024-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第66期(2022/04/01-2023/03/31)

    ID S100R1F42023-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第65期(令和3年4月1日-令和4年3月31日)

    ID S100OEDJ2022-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第64期(令和2年4月1日-令和3年3月31日)

    ID S100LNKX2021-06-23Open

Extracted from XBRL: 51 / Derived from other figures: 1

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