Nagase &NAGASE & CO., LTD.8012東証プライム卸売業FY ending Mar 2026, consolidated, J-GAAP

Nagase & FY ending Mar 2026 results

About 32% of Nagase &'s sales come from Life and Healthcare, with Advanced Materials and Processing and Electronics and Energy making up much of the rest.

Out of every ¥100 of sales, about ¥4 is left as operating profit.

Revenue changed +2.9% from the prior year, operating profit +14.5%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +2.9% · profit +14.5%, calculated from disclosed figures.

Operating leverage: 4.91× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +2.9%¥945B → ¥972.8B
Gross profit: +8.3%¥173.3B → ¥187.7B
Operating income: +14.5%¥39.1B → ¥44.7B
Net income attributable to owners: +29.8%¥25.5B → ¥33.1B
Operating cash flow: +31.6%¥36.3B → ¥47.8B
Free cash flow: -6.8%¥21.1B → ¥19.7B

Results at a glance

Revenue for the year to March 2026 was ¥972.8B, up 2.9% from ¥945B.
Gross profit rose 8.3% to ¥187.7B and operating income rose 14.5% to ¥44.7B, so profit grew faster than sales.
Net income attributable to owners climbed 29.8% to ¥33.1B.
Operating cash flow grew to ¥47.8B, but free cash flow slipped 6.8% to ¥19.7B.

What drove the change

In Electronics and Energy, sales of semiconductor materials rose, and modified epoxy resins for AI chips and Pac Tech's wafer bumping equipment and services also did well.
In Life and Healthcare, Prinova gained market share in food ingredients and sold more, while Nagase Viita cut production costs for food ingredients and improved its margin.
Net income got a lift from a gain on negative goodwill and larger gains on selling investment securities, despite a loss from exiting a glass substrate thinning business in China.
Mobility earned less as sales of interior, exterior and electrification parts fell.

Things to watch

If prices of the goods it handles swing and higher costs can't be passed on to customers, margins could shrink.
Foreign-currency trade and the translation of overseas subsidiaries' results (mainly US dollar and yuan) into yen expose it to exchange rate moves.
More severe natural disasters from climate change could cut supply chains and stall production and sales.

Amended Annual Securities Report / Management's analysis of financial position, results and cash flows · Amended Annual Securities Report / Business risks

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Nagase & sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥81
SG&A: ¥15
Operating profit: ¥4
Net profit kept: ¥3

Annual margin trends

Gross margin19.3%

Operating margin4.6%

Net margin3.4%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Life and Healthcare¥309.2B
32%
Op. margin 3.2%Industry: Specialty Trading & Wholesale
Advanced Materials and Processing¥206.7B
21%
Op. margin 3.7%Industry: Specialty Trading & Wholesale
Electronics and Energy¥172.9B
18%
Op. margin 8.6%Industry: Specialty Trading & Wholesale
Functional Materials¥153.6B
16%
Op. margin 6.1%Industry: Specialty Trading & Wholesale
Mobility¥130.3B
13%
Op. margin 2.9%Industry: Specialty Trading & Wholesale
Other¥94M
0%
Op. margin 300.0%

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
訂正有価証券報告書－第111期(2025/04/01－2026/03/31)
ID S100YK282026-06-26Open
EDINET (FSA Japan)
有価証券報告書－第110期(2024/04/01－2025/03/31)
ID S100VYOV2025-06-17Open
EDINET (FSA Japan)
有価証券報告書－第109期(2023/04/01－2024/03/31)
ID S100TPW22024-06-24Open
EDINET (FSA Japan)
有価証券報告書－第108期(2022/04/01－2023/03/31)
ID S100QZSZ2023-06-21Open
EDINET (FSA Japan)
訂正有価証券報告書－第107期(2021/04/01－2022/03/31)
ID S100Q3FX2023-02-10Open
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 S100LN6K2021-06-24Open

Extracted from XBRL: 56 / Derived from other figures: 2

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