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Namura ShipbuildingNamura Shipbuilding Co.,Ltd.7014東証スタンダード輸送用機器FY ending Mar 2026, consolidated, J-GAAP

Namura Shipbuilding revenue and profit

Out of every ¥100 of sales, about ¥18 is left as operating profit. Revenue changed -0.1% from the prior year, operating profit -4.7%.

Five-year trend

Revenue¥159B
FY ending Mar 2022: ¥83.4B¥83.4BFY ending Mar 2023: ¥124.1B¥124.1BFY ending Mar 2024: ¥135B¥135BFY ending Mar 2025: ¥159.2B¥159.2BFY ending Mar 2026: ¥159B¥159BFY22FY23FY24FY25FY26
Operating income¥28.1B
FY ending Mar 2022: -¥9.53B-¥9.53BFY ending Mar 2023: ¥9.6B¥9.6BFY ending Mar 2024: ¥16.5B¥16.5BFY ending Mar 2025: ¥29.5B¥29.5BFY ending Mar 2026: ¥28.1B¥28.1BFY22FY23FY24FY25FY26
Operating margin17.7%
FY ending Mar 2022: -11.4%-11.4%FY ending Mar 2023: 7.7%7.7%FY ending Mar 2024: 12.2%12.2%FY ending Mar 2025: 18.5%18.5%FY ending Mar 2026: 17.7%17.7%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin13.6%
Asset turnover0.67×
ROA9.1%
ROA9.1%
Financial leverage2.54×
ROE23.1%

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

Net margin13.6%
2023: 9.0%9.0%2024: 14.8%14.8%2025: 16.5%16.5%2026: 13.6%13.6%2223242526
Asset turnover0.67×
2023: 1.00×1.00×2024: 0.90×0.90×2025: 0.83×0.83×2026: 0.67×0.67×2223242526
ROA9.1%
2022: -6.8%-6.8%2023: 9.0%9.0%2024: 13.3%13.3%2025: 13.7%13.7%2026: 9.1%9.1%2223242526
Financial leverage2.54×
2023: 3.50×3.50×2024: 2.95×2.95×2025: 2.65×2.65×2026: 2.54×2.54×2223242526
ROE23.1%
2023: 31.6%31.6%2024: 39.3%39.3%2025: 36.3%36.3%2026: 23.1%23.1%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×-6.8%—×—
20239.0%1.00×9.0%3.50×31.6%
202414.8%0.90×13.3%2.95×39.3%
202516.5%0.83×13.7%2.65×36.3%
202613.6%0.67×9.1%2.54×23.1%

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 ÷ revenue23.1%
2021: 35.5%35.5%2022: 39.5%39.5%2023: 25.7%25.7%2024: 22.9%22.9%2025: 21.0%21.0%2026: 23.1%23.1%212223242526
PPE ÷ total assets13.8%
2021: 31.3%31.3%2022: 26.6%26.6%2023: 25.5%25.5%2024: 17.7%17.7%2025: 16.0%16.0%2026: 13.8%13.8%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¥863M
2021: ¥462M¥462M2022: ¥534M¥534M2023: ¥609M¥609M2024: ¥643M¥643M2025: ¥556M¥556M2026: ¥863M¥863M212223242526
R&D / revenue0.5%
2021: 0.5%0.5%2022: 0.6%0.6%2023: 0.5%0.5%2024: 0.5%0.5%2025: 0.3%0.3%2026: 0.5%0.5%212223242526
Receivable days—
2021: 127d127d212223242526
Payable days47d
2021: 62d62d2022: 63d63d2023: 50d50d2024: 57d57d2025: 49d49d2026: 47d47d212223242526

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
Revenue83,423124,080135,006159,227159,035
Cost of revenue87,558109,069112,083122,919122,857
Gross profit-4,13515,01122,92336,30836,178
SG&A5,3975,4166,4306,8428,093
Operating income-9,5329,59516,49329,46628,085
Pretax income-8,15611,33220,05629,59029,582
Income tax263138-1003,0587,873
Net income attributable to owners-8,41911,19419,95426,24521,590
Operating margin-11.4%7.7%12.2%18.5%17.7%

Balance sheet (reported items)

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

Assets

Cash 45%
Property, plant and equipment 14%
0%
Investment securities 19%
Other assets 22%

Funding

6%
Other liabilities 42%
Equity 52%

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¥25.3B¥29.5B¥55.4B¥90.1B¥119.1B
Total assets¥123.7B¥124.9B¥174.8B¥209B¥266.1B
Net assets¥37.2B¥50B¥79.9B¥105.1B¥137.4B
Share capital¥8.13B¥8.17B¥8.19B¥8.2B¥8.32B
Property, plant and equipment¥32.9B¥31.9B¥30.9B¥33.5B¥36.7B
Intangible assets excluding goodwill¥327M¥358M¥357M¥473M¥657M
Investment securities¥15.8B¥17.3B¥31.5B¥32.6B¥51.2B
Current assets¥72.9B¥74.5B¥110.2B¥141.3B¥176.3B
Current liabilities¥69.6B¥55.6B¥72B¥78.4B¥95.1B
Trade payables¥15B¥14.9B¥17.5B¥16.5B¥15.8B
Short-term borrowings¥8.84B¥3.55B¥3.5B¥4.87B¥6.29B
Long-term borrowings¥5.55B¥7.74B¥9.26B¥12.9B¥14.7B
Total liabilities¥86.5B¥74.9B¥94.9B¥103.9B¥128.7B
Non-controlling interests——¥215M¥378M¥469M
Equity attributable to owners of parent¥29.8B¥41.1B¥60.4B¥84.4B¥102.8B
Retained earnings-¥12.2B-¥979M¥25.3B¥49.1B¥67.2B
Treasury stock-¥14M-¥5M-¥5M-¥6M-¥9M

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第127期(2025/04/01－2026/03/31)

    ID S100YEFT2026-06-19Open

  • EDINET (FSA Japan)

    有価証券報告書－第126期(2024/04/01－2025/03/31)

    ID S100W4QD2025-06-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第125期(2023/04/01－2024/03/31)

    ID S100TTP52024-06-26Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第124期(2022/04/01－2023/03/31)

    ID S100RHUX2023-07-31Open

  • EDINET (FSA Japan)

    有価証券報告書－第123期(令和3年4月1日－令和4年3月31日)

    ID S100OF472022-06-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第122期(令和2年4月1日－令和3年3月31日)

    ID S100LO2C2021-06-24Open

Extracted from XBRL: 52 / Derived from other figures: 1

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