Nagoya Electric WorksNAGOYA ELECTRIC WORKS CO.,LTD.6797東証スタンダード電気機器FY ending Mar 2026, consolidated, J-GAAP

Nagoya Electric Works revenue and profit

Out of every ¥100 of sales, about ¥10 is left as operating profit. Revenue changed +0.3% from the prior year, operating profit -36.4%.

Five-year trend

Revenue¥17.3B
FY ending Mar 2022: ¥17.4B¥17.4BFY ending Mar 2023: ¥18B¥18BFY ending Mar 2024: ¥17.6B¥17.6BFY ending Mar 2025: ¥17.3B¥17.3BFY ending Mar 2026: ¥17.3B¥17.3BFY22FY23FY24FY25FY26
Operating income¥1.75B
FY ending Mar 2022: ¥2.62B¥2.62BFY ending Mar 2023: ¥2.5B¥2.5BFY ending Mar 2024: ¥2.34B¥2.34BFY ending Mar 2025: ¥2.75B¥2.75BFY ending Mar 2026: ¥1.75B¥1.75BFY22FY23FY24FY25FY26
Operating margin10.1%
FY ending Mar 2022: 15.1%15.1%FY ending Mar 2023: 13.9%13.9%FY ending Mar 2024: 13.3%13.3%FY ending Mar 2025: 15.9%15.9%FY ending Mar 2026: 10.1%10.1%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin8.8%
Asset turnover0.61×
ROA5.3%
ROA5.3%
Financial leverage1.28×
ROE6.8%

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

Net margin8.8%
2022: 11.5%11.5%2023: 8.9%8.9%2024: 9.6%9.6%2025: 12.8%12.8%2026: 8.8%8.8%2223242526
Asset turnover0.61×
2022: 0.70×0.70×2023: 0.71×0.71×2024: 0.66×0.66×2025: 0.63×0.63×2026: 0.61×0.61×2223242526
ROA5.3%
2022: 8.0%8.0%2023: 6.3%6.3%2024: 6.3%6.3%2025: 8.1%8.1%2026: 5.3%5.3%2223242526
Financial leverage1.28×
2022: 1.43×1.43×2023: 1.40×1.40×2024: 1.37×1.37×2025: 1.31×1.31×2026: 1.28×1.28×2223242526
ROE6.8%
2022: 11.5%11.5%2023: 8.9%8.9%2024: 8.7%8.7%2025: 10.6%10.6%2026: 6.8%6.8%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202211.5%0.70×8.0%1.43×11.5%
20238.9%0.71×6.3%1.40×8.9%
20249.6%0.66×6.3%1.37×8.7%
202512.8%0.63×8.1%1.31×10.6%
20268.8%0.61×5.3%1.28×6.8%

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 ÷ revenue32.5%
2021: 11.2%11.2%2022: 14.0%14.0%2023: 32.4%32.4%2024: 32.3%32.3%2025: 33.2%33.2%2026: 32.5%32.5%212223242526
PPE ÷ total assets19.2%
2021: 10.0%10.0%2022: 9.8%9.8%2023: 22.7%22.7%2024: 20.9%20.9%2025: 20.8%20.8%2026: 19.2%19.2%212223242526
Goodwill ÷ parent equity—
2021: 0.5%0.5%2022: 0.3%0.3%2023: 0.1%0.1%212223242526
Goodwill balance—
2021: ¥70.6M¥70.6M2022: ¥45M¥45M2023: ¥19.3M¥19.3M212223242526

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¥817.3M
2021: ¥872.5M¥872.5M2022: ¥817M¥817M2023: ¥736M¥736M2024: ¥916.8M¥916.8M2025: ¥960.7M¥960.7M2026: ¥817.3M¥817.3M212223242526
R&D / revenue4.7%
2021: 4.0%4.0%2022: 4.7%4.7%2023: 4.1%4.1%2024: 5.2%5.2%2025: 5.6%5.6%2026: 4.7%4.7%212223242526
Receivable days—
2021: 167d167d212223242526
Payable days23d
2021: 19d19d2022: 22d22d2023: 14d14d2024: 20d20d2025: 16d16d2026: 23d23d212223242526

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
Revenue17,38018,00917,58217,26217,307
Cost of revenue11,73112,32112,21111,35412,316
Gross profit5,6505,6895,3725,9084,991
SG&A3,0293,1923,0273,1563,242
Operating income2,6202,4972,3452,7521,749
Pretax income2,8122,2122,3522,8892,108
Income tax821615671682590
Net income attributable to owners1,9901,5971,6802,2071,518
Operating margin15.1%13.9%13.3%15.9%10.1%

Balance sheet (reported items)

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

Assets

Cash 26%
Property, plant and equipment 19%
1%
6%
Other assets 48%

Funding

3%
Other liabilities 15%
Equity 82%

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¥7.36B¥4.21B¥4.99B¥4.44B¥7.54B
Total assets¥24.8B¥25.7B¥27.2B¥27.5B¥29.2B
Net assets¥17.8B¥19B¥20.8B¥22.4B¥24B
Share capital¥1.18B¥1.18B¥1.18B¥1.18B¥1.18B
Property, plant and equipment¥2.44B¥5.84B¥5.68B¥5.74B¥5.62B
Intangible assets excluding goodwill¥149.1M¥108.3M¥96.2M¥111M¥158.4M
Goodwill¥45M¥19.3M———
Investment securities¥834.5M¥909.7M¥1.21B¥1.13B¥1.78B
Current assets¥20.5B¥18B¥19B¥19.1B¥19.8B
Current liabilities¥6.96B¥6.46B¥6.03B¥4.88B¥4.66B
Trade payables¥717.6M¥463.6M¥670.3M¥487M¥786.6M
Total liabilities¥7B¥6.7B¥6.48B¥5.14B¥5.25B
Equity attributable to owners of parent¥17.4B¥18.6B¥19.9B¥21.7B¥22.8B
Retained earnings¥15.5B¥16.7B¥18B¥19.8B¥20.8B
Treasury stock-¥428.2M-¥419.1M-¥410.8M-¥404.5M-¥735.7M

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 S100YEDT2026-06-19Open
  • EDINET (FSA Japan)

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

    ID S100W0Z22025-06-24Open
  • EDINET (FSA Japan)

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

    ID S100TQZH2024-06-25Open
  • EDINET (FSA Japan)

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

    ID S100T0832024-03-06Open
  • 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 S100OCAT2022-06-23Open
  • 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 S100LNMD2021-06-23Open

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

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