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NHK SpringNHK SPRING CO., LTD.5991東証プライム金属製品FY ending Mar 2026, consolidated, J-GAAP

NHK Spring revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed +1.9% from the prior year, operating profit -12.2%.

Five-year trend

Revenue¥816.9B
FY ending Mar 2022: ¥586.9B¥586.9BFY ending Mar 2023: ¥693.2B¥693.2BFY ending Mar 2024: ¥766.9B¥766.9BFY ending Mar 2025: ¥801.7B¥801.7BFY ending Mar 2026: ¥816.9B¥816.9BFY22FY23FY24FY25FY26
Operating income¥45.8B
FY ending Mar 2022: ¥21.4B¥21.4BFY ending Mar 2023: ¥28.8B¥28.8BFY ending Mar 2024: ¥34.7B¥34.7BFY ending Mar 2025: ¥52.2B¥52.2BFY ending Mar 2026: ¥45.8B¥45.8BFY22FY23FY24FY25FY26
Operating margin5.6%
FY ending Mar 2022: 3.6%3.6%FY ending Mar 2023: 4.2%4.2%FY ending Mar 2024: 4.5%4.5%FY ending Mar 2025: 6.5%6.5%FY ending Mar 2026: 5.6%5.6%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin3.4%
Asset turnover1.14×
ROA3.9%
ROA3.9%
Financial leverage2.17×
ROE8.4%

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

Net margin3.4%
2022: 5.5%5.5%2023: 3.1%3.1%2024: 5.1%5.1%2025: 6.0%6.0%2026: 3.4%3.4%2223242526
Asset turnover1.14×
2022: 1.00×1.00×2023: 1.16×1.16×2024: 1.18×1.18×2025: 1.16×1.16×2026: 1.14×1.14×2223242526
ROA3.9%
2022: 5.4%5.4%2023: 3.6%3.6%2024: 6.0%6.0%2025: 6.9%6.9%2026: 3.9%3.9%2223242526
Financial leverage2.17×
2022: 2.08×2.08×2023: 2.06×2.06×2024: 2.10×2.10×2025: 2.14×2.14×2026: 2.17×2.17×2223242526
ROE8.4%
2022: 11.3%11.3%2023: 7.4%7.4%2024: 12.7%12.7%2025: 14.9%14.9%2026: 8.4%8.4%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20225.5%1.00×5.4%2.08×11.3%
20233.1%1.16×3.6%2.06×7.4%
20245.1%1.18×6.0%2.10×12.7%
20256.0%1.16×6.9%2.14×14.9%
20263.4%1.14×3.9%2.17×8.4%

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 ÷ revenue24.1%
2021: 30.7%30.7%2022: 28.3%28.3%2023: 24.0%24.0%2024: 22.8%22.8%2025: 23.1%23.1%2026: 24.1%24.1%212223242526
PPE ÷ total assets26.7%
2021: 31.3%31.3%2022: 28.3%28.3%2023: 27.4%27.4%2024: 25.3%25.3%2025: 26.6%26.6%2026: 26.7%26.7%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¥24.7B
2021: ¥15.7B¥15.7B2022: ¥16.1B¥16.1B2023: ¥17.5B¥17.5B2024: ¥19.3B¥19.3B2025: ¥22.7B¥22.7B2026: ¥24.7B¥24.7B212223242526
R&D / revenue3.0%
2021: 2.7%2.7%2022: 2.7%2.7%2023: 2.5%2.5%2024: 2.5%2.5%2025: 2.8%2.8%2026: 3.0%3.0%212223242526
Receivable days—
2021: 90d90d212223242526
Payable days51d
2021: 57d57d2022: 57d57d2023: 55d55d2024: 52d52d2025: 52d52d2026: 51d51d212223242526

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
Revenue586,903693,246766,934801,698816,879
Cost of revenue513,099612,410677,519688,643703,143
Gross profit73,80380,83589,415113,055113,736
SG&A52,44351,99754,76360,89467,952
Operating income21,35928,83834,65252,16045,784
Pretax income50,10530,31156,82559,61750,308
Income tax16,8307,24117,0729,66221,677
Net income attributable to owners31,99821,53739,18848,16727,862
Operating margin3.6%4.2%4.5%6.5%5.6%

Balance sheet (reported items)

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

Assets

Cash 12%
Property, plant and equipment 27%
1%
Investment securities 9%
Other assets 51%

Funding

Trade payables 13%
7%
Other liabilities 19%
Equity 61%
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¥91.9B¥57.8B¥93.1B¥81.8B¥90B
Total assets¥588.1B¥606B¥690.3B¥696.3B¥738.5B
Net assets¥338.8B¥365.9B¥420.6B¥423.2B¥453B
Share capital¥17B¥17B¥17B¥17B¥17B
Property, plant and equipment¥166.2B¥166.3B¥174.7B¥185.4B¥197.1B
Intangible assets excluding goodwill¥3.03B¥3.32B¥3.26B¥3.23B¥4.8B
Investment securities¥58.7B¥62.3B¥73.5B¥65B¥71.1B
Current assets¥325.3B¥337.2B¥382.7B¥390.4B¥409.5B
Current liabilities¥187.3B¥171.6B¥182.6B¥194.3B¥199.8B
Trade payables¥80B¥91.5B¥97.2B¥99B¥97.4B
Short-term borrowings¥28.7B¥21.2B¥12B¥27.2B¥26.6B
Long-term borrowings¥11.1B¥17.1B¥22B¥20B¥22.4B
Bonds¥10B¥11B¥12B¥13B¥3B
Interest-bearing debt¥49.8Bderived¥49.3Bderived¥46Bderived¥60.2Bderived¥52Bderived
Total liabilities¥249.2B¥240.2B¥269.7B¥273.2B¥285.4B
Non-controlling interests¥16.2B¥16.6B¥15.6B¥15.5B¥15.4B
Equity attributable to owners of parent¥283.1B¥296.5B¥320.7B¥325.7B¥337B
Retained earnings¥260.7B¥275.4B¥306.9B¥327.5B¥340.7B
Treasury stock-¥14.3B-¥15.7B-¥23.1B-¥36.8B-¥39.1B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第106期(2025/04/01－2026/03/31)

    ID S100YD4O2026-06-17Open

  • EDINET (FSA Japan)

    有価証券報告書－第105期(2024/04/01－2025/03/31)

    ID S100W53K2025-06-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第104期(2023/04/01－2024/03/31)

    ID S100TSHQ2024-06-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第103期(2022/04/01－2023/03/31)

    ID S100R45X2023-06-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第102期(令和3年4月1日－令和4年3月31日)

    ID S100O8IM2022-06-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第101期(令和2年4月1日－令和3年3月31日)

    ID S100LRLL2021-06-28Open

Extracted from XBRL: 54 / Derived from other figures: 2

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