Nippon ChuzoNIPPON CHUZO K. K.5609東証スタンダード鉄鋼FY ending Mar 2026, non-consolidated, J-GAAP

Nippon Chuzo revenue and profit

Out of every ¥100 of sales, about ¥3 is left as operating profit. Revenue changed -8.8% from the prior year, operating profit +26.4%.

Five-year trend

Revenue¥12.3B
FY ending Mar 2023: ¥14.8B¥14.8BFY ending Mar 2024: ¥16B¥16BFY ending Mar 2025: ¥14.3B¥14.3BFY ending Mar 2025: ¥13.5B¥13.5BFY ending Mar 2026: ¥12.3B¥12.3BFY23FY24FY25FY25FY26
Operating income¥416M
FY ending Mar 2023: ¥707M¥707MFY ending Mar 2024: ¥1.29B¥1.29BFY ending Mar 2025: ¥408M¥408MFY ending Mar 2025: ¥329M¥329MFY ending Mar 2026: ¥416M¥416MFY23FY24FY25FY25FY26
Operating margin3.4%
FY ending Mar 2023: 4.8%4.8%FY ending Mar 2024: 8.0%8.0%FY ending Mar 2025: 2.9%2.9%FY ending Mar 2025: 2.4%2.4%FY ending Mar 2026: 3.4%3.4%FY23FY24FY25FY25FY26

What drives ROE

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

Net margin1.3%
Asset turnover0.56×
ROA0.7%
ROA0.7%
Financial leverage3.13×
ROE2.2%

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

Net margin1.3%
2023: 3.8%3.8%2024: 4.1%4.1%2025: 1.6%1.6%2025: 1.8%1.8%2026: 1.3%1.3%2324252526
Asset turnover0.56×
2023: 0.65×0.65×2024: 0.69×0.69×2025: 0.62×0.62×2025: 0.61×0.61×2026: 0.56×0.56×2324252526
ROA0.7%
2023: 2.5%2.5%2024: 2.8%2.8%2025: 1.0%1.0%2025: 1.1%1.1%2026: 0.7%0.7%2324252526
Financial leverage3.13×
2023: 3.44×3.44×2024: 3.38×3.38×2025: 3.22×3.22×2025: 3.17×3.17×2026: 3.13×3.13×2324252526
ROE2.2%
2023: 8.6%8.6%2024: 9.5%9.5%2025: 3.3%3.3%2025: 3.4%3.4%2026: 2.2%2.2%2324252526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20233.8%0.65×2.5%3.44×8.6%
20244.1%0.69×2.8%3.38×9.5%
20251.6%0.62×1.0%3.22×3.3%
20251.8%0.61×1.1%3.17×3.4%
20261.3%0.56×0.7%3.13×2.2%

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 ÷ revenue92.1%
2025: 82.5%82.5%2026: 92.1%92.1%2526
PPE ÷ total assets52.5%
2025: 50.5%50.5%2026: 52.5%52.5%2526

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¥271M
2025: ¥284M¥284M2026: ¥271M¥271M2526
R&D / revenue2.2%
2025: 2.1%2.1%2026: 2.2%2.2%2526

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 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2025FY ending Mar 2026
Revenue14,81115,99214,31113,47812,290
Cost of revenue12,73013,25512,28011,62710,438
Gross profit2,0802,7362,0311,8501,852
SG&A1,3731,4481,6221,5211,436
Operating income7071,287408329416
Pretax income677882329259140
Income tax1092319266-13
Net income attributable to owners568651236236154
Operating margin4.8%8.0%2.9%2.4%3.4%

Balance sheet (reported items)

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

Assets

8%
Property, plant and equipment 52%
1%
1%
Other assets 38%

Funding

Other liabilities 46%
Equity 54%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥560M¥1.12B¥586M¥343M¥1.74B
Total assets¥22.7B¥23.5B¥22.3B¥22B¥21.5B
Net assets¥11.4B¥11.9B¥11.9B¥11.7B¥11.7B
Share capital¥2.63B¥2.63B¥2.63B¥2.63B¥2.63B
Property, plant and equipment¥10.9B¥10.8B¥11.1B¥11.1B¥11.3B
Intangible assets excluding goodwill¥160M¥221M¥241M¥240M¥231M
Investment securities¥103M¥115M¥112M¥70M¥123M
Current assets¥10.9B¥11.6B¥10.1B¥9.65B¥9.11B
Current liabilities¥6.35B¥6.38B¥5.44B¥5.38B¥4.88B
Trade payables¥1.35B¥1.16B¥864M——
Short-term borrowings¥3.04B¥2.45B¥2.71B¥2.2B¥1.9B
Long-term borrowings¥1.09B¥1.29B¥1.07B¥1.07B¥1.03B
Total liabilities¥11.3B¥11.6B¥10.4B¥10.4B¥9.86B
Equity attributable to owners of parent¥6.59B¥7.09B¥7.16B¥6.94B¥6.95B
Retained earnings¥3.44B¥3.94B¥4.01B¥3.8B¥3.81B
Treasury stock-¥5M-¥5M-¥5M-¥5M-¥5M

Sources

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

    有価証券報告書-第104期(2025/04/01-2026/03/31)

    ID S100YGG52026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第103期(2024/04/01-2025/03/31)

    ID S100W46L2025-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第102期(2023/04/01-2024/03/31)

    ID S100TN5P2024-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第101期(2022/04/01-2023/03/31)

    ID S100QZQK2023-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第100期(令和3年4月1日-令和4年3月31日)

    ID S100OBK82022-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第99期(令和2年4月1日-令和3年3月31日)

    ID S100LJ9Q2021-06-17Open

Extracted from XBRL: 49 / Derived from other figures: 1

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