Nakabohtec Corrosion ProtectingNakabohtec Corrosion Protecting Co.,Ltd.1787東証スタンダード建設業FY ending Mar 2026, non-consolidated, J-GAAP

Nakabohtec Corrosion Protecting revenue and profit

Out of every ¥100 of sales, about ¥9 is left as operating profit. Revenue changed +1.2% from the prior year, operating profit -10.0%.

Five-year trend

Revenue¥14.9B
FY ending Mar 2022: ¥12.9B¥12.9BFY ending Mar 2023: ¥14.2B¥14.2BFY ending Mar 2024: ¥13.8B¥13.8BFY ending Mar 2025: ¥14.7B¥14.7BFY ending Mar 2026: ¥14.9B¥14.9BFY22FY23FY24FY25FY26
Operating income¥1.31B
FY ending Mar 2022: ¥1.06B¥1.06BFY ending Mar 2023: ¥1.25B¥1.25BFY ending Mar 2024: ¥1.18B¥1.18BFY ending Mar 2025: ¥1.46B¥1.46BFY ending Mar 2026: ¥1.31B¥1.31BFY22FY23FY24FY25FY26
Operating margin8.8%
FY ending Mar 2022: 8.2%8.2%FY ending Mar 2023: 8.8%8.8%FY ending Mar 2024: 8.5%8.5%FY ending Mar 2025: 9.9%9.9%FY ending Mar 2026: 8.8%8.8%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin8.0%
Asset turnover1.23×
ROA9.8%
ROA9.8%
Financial leverage1.39×
ROE13.5%

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

Net margin8.0%
2022: 5.9%5.9%2023: 6.4%6.4%2024: 6.1%6.1%2025: 7.1%7.1%2026: 8.0%8.0%2223242526
Asset turnover1.23×
2022: 1.19×1.19×2023: 1.27×1.27×2024: 1.21×1.21×2025: 1.25×1.25×2026: 1.23×1.23×2223242526
ROA9.8%
2022: 7.0%7.0%2023: 8.1%8.1%2024: 7.3%7.3%2025: 8.9%8.9%2026: 9.8%9.8%2223242526
Financial leverage1.39×
2022: 1.44×1.44×2023: 1.44×1.44×2024: 1.42×1.42×2025: 1.41×1.41×2026: 1.39×1.39×2223242526
ROE13.5%
2022: 10.1%10.1%2023: 11.7%11.7%2024: 10.4%10.4%2025: 12.6%12.6%2026: 13.5%13.5%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20225.9%1.19×7.0%1.44×10.1%
20236.4%1.27×8.1%1.44×11.7%
20246.1%1.21×7.3%1.42×10.4%
20257.1%1.25×8.9%1.41×12.6%
20268.0%1.23×9.8%1.39×13.5%

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 ÷ revenue5.0%
2021: 5.1%5.1%2022: 5.3%5.3%2023: 5.3%5.3%2024: 5.2%5.2%2025: 4.9%4.9%2026: 5.0%5.0%212223242526
PPE ÷ total assets6.2%
2021: 5.9%5.9%2022: 6.2%6.2%2023: 6.6%6.6%2024: 6.4%6.4%2025: 6.0%6.0%2026: 6.2%6.2%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¥301M
2021: ¥153M¥153M2022: ¥162M¥162M2023: ¥201M¥201M2024: ¥186M¥186M2025: ¥201M¥201M2026: ¥301M¥301M212223242526
R&D / revenue2.0%
2021: 1.2%1.2%2022: 1.3%1.3%2023: 1.4%1.4%2024: 1.3%1.3%2025: 1.4%1.4%2026: 2.0%2.0%212223242526

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
Revenue12,91014,15813,78014,72614,903
Cost of revenue9,83010,74210,40710,94110,975
Gross profit3,0803,4163,3733,7853,928
SG&A2,0172,1692,1972,3272,616
Operating income1,0631,2471,1771,4571,312
Pretax income1,0961,2831,2041,4981,594
Income tax332384369451408
Net income attributable to owners7648998351,0471,186
Operating margin8.2%8.8%8.5%9.9%8.8%

Balance sheet (reported items)

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

Assets

Cash 40%
6%
0%
6%
Other assets 48%

Funding

Other liabilities 23%
Equity 77%

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¥3.33B¥3.42B¥3.93B¥3.92B¥4.84B
Total assets¥10.9B¥11.4B¥11.3B¥12.1B¥12.2B
Net assets¥7.64B¥8.01B¥8.3B¥8.73B¥9.37B
Share capital¥866.4M¥866.4M¥866.4M¥866.4M¥866.4M
Property, plant and equipment¥678.4M¥749.2M¥720.5M¥723.8M¥751M
Intangible assets excluding goodwill¥28.4M¥23M¥25M¥21.6M¥26.6M
Investment securities¥316M¥313.1M¥441.1M¥394.9M¥742.6M
Current assets¥8.95B¥9.51B¥9.45B¥10.4B¥10.2B
Current liabilities¥2.16B¥2.33B¥2.01B¥2.51B¥2.22B
Total liabilities¥3.22B¥3.41B¥3.03B¥3.42B¥2.8B
Equity attributable to owners of parent¥7.53B¥7.89B¥8.1B¥8.55B¥8.96B
Retained earnings¥6.29B¥6.64B¥6.85B¥7.31B¥7.75B
Treasury stock-¥489.1M-¥489.3M-¥489.3M-¥489.9M-¥538.3M

Sources

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

    有価証券報告書-第83期(2025/04/01-2026/03/31)

    ID S100YF2C2026-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第82期(2024/04/01-2025/03/31)

    ID S100VZ8C2025-06-20Open
  • EDINET (FSA Japan)

    有価証券報告書-第81期(2023/04/01-2024/03/31)

    ID S100TUAD2024-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第80期(2022/04/01-2023/03/31)

    ID S100R7VN2023-06-30Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第79期(令和3年4月1日-令和4年3月31日)

    ID S100OR4A2022-07-20Open
  • EDINET (FSA Japan)

    有価証券報告書-第78期(令和2年4月1日-令和3年3月31日)

    ID S100LU3M2021-06-30Open

Extracted from XBRL: 47 / Derived from other figures: 1

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