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Nippon Fine ChemicalNippon Fine Chemical Co., Ltd.4362東証プライム化学FY ending Mar 2026, consolidated, J-GAAP

Nippon Fine Chemical revenue and profit

Out of every ¥100 of sales, about ¥16 is left as operating profit. Revenue changed -5.2% from the prior year, operating profit +9.1%.

Five-year trend

Revenue¥33.8B
FY ending Mar 2022: ¥33.4B¥33.4BFY ending Mar 2023: ¥36.8B¥36.8BFY ending Mar 2024: ¥33.5B¥33.5BFY ending Mar 2025: ¥35.7B¥35.7BFY ending Mar 2026: ¥33.8B¥33.8BFY22FY23FY24FY25FY26
Operating income¥5.34B
FY ending Mar 2022: ¥4.88B¥4.88BFY ending Mar 2023: ¥5.06B¥5.06BFY ending Mar 2024: ¥4.2B¥4.2BFY ending Mar 2025: ¥4.9B¥4.9BFY ending Mar 2026: ¥5.34B¥5.34BFY22FY23FY24FY25FY26
Operating margin15.8%
FY ending Mar 2022: 14.6%14.6%FY ending Mar 2023: 13.7%13.7%FY ending Mar 2024: 12.5%12.5%FY ending Mar 2025: 13.7%13.7%FY ending Mar 2026: 15.8%15.8%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin13.1%
Asset turnover0.54×
ROA7.1%
ROA7.1%
Financial leverage1.50×
ROE10.6%

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

Net margin13.1%
2022: 10.4%10.4%2023: 11.1%11.1%2024: 9.9%9.9%2025: 10.9%10.9%2026: 13.1%13.1%2223242526
Asset turnover0.54×
2022: 0.61×0.61×2023: 0.66×0.66×2024: 0.58×0.58×2025: 0.60×0.60×2026: 0.54×0.54×2223242526
ROA7.1%
2022: 6.3%6.3%2023: 7.3%7.3%2024: 5.7%5.7%2025: 6.5%6.5%2026: 7.1%7.1%2223242526
Financial leverage1.50×
2022: 1.47×1.47×2023: 1.48×1.48×2024: 1.51×1.51×2025: 1.48×1.48×2026: 1.50×1.50×2223242526
ROE10.6%
2022: 9.3%9.3%2023: 10.8%10.8%2024: 8.6%8.6%2025: 9.6%9.6%2026: 10.6%10.6%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202210.4%0.61×6.3%1.47×9.3%
202311.1%0.66×7.3%1.48×10.8%
20249.9%0.58×5.7%1.51×8.6%
202510.9%0.60×6.5%1.48×9.6%
202613.1%0.54×7.1%1.50×10.6%

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 ÷ revenue54.0%
2021: 36.8%36.8%2022: 38.2%38.2%2023: 38.6%38.6%2024: 42.9%42.9%2025: 43.8%43.8%2026: 54.0%54.0%212223242526
PPE ÷ total assets27.9%
2021: 21.1%21.1%2022: 23.3%23.3%2023: 25.1%25.1%2024: 24.2%24.2%2025: 26.1%26.1%2026: 27.9%27.9%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¥947M
2021: ¥712M¥712M2022: ¥824M¥824M2023: ¥893M¥893M2024: ¥901M¥901M2025: ¥967M¥967M2026: ¥947M¥947M212223242526
R&D / revenue2.8%
2021: 2.3%2.3%2022: 2.5%2.5%2023: 2.4%2.4%2024: 2.7%2.7%2025: 2.7%2.7%2026: 2.8%2.8%212223242526
Receivable days88d
2021: 94d94d2022: 95d95d2023: 88d88d2024: 100d100d2025: 84d84d2026: 88d88d212223242526
Payable days52d
2021: 67d67d2022: 62d62d2023: 60d60d2024: 61d61d2025: 45d45d2026: 52d52d212223242526

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
Revenue33,44936,83833,53235,66433,796
Cost of revenue23,17025,88223,60224,78522,662
Gross profit10,27810,9569,93010,87911,135
SG&A5,3965,8995,7325,9835,793
Operating income4,8825,0574,1984,8955,342
Pretax income5,0175,6434,8675,3816,426
Income tax1,4541,4781,4481,4121,922
Net income attributable to owners3,4724,0803,3283,8714,429
Operating margin14.6%13.7%12.5%13.7%15.8%

Balance sheet (reported items)

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

Assets

Cash 20%
Receivables 13%
Property, plant and equipment 28%
1%
Investment securities 21%
Other assets 17%

Funding

5%
Other liabilities 15%
Equity 80%

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¥11.4B¥7.77B¥10.9B¥12.6B¥13.3B
Total assets¥54.8B¥56.7B¥59.5B¥59.8B¥65.4B
Net assets¥44.6B¥46.1B¥47.6B¥49.1B¥52.4B
Share capital¥5.93B¥5.93B¥5.93B¥5.93B¥5.93B
Trade receivables¥8.7B¥8.86B¥9.17B¥8.22B¥8.11B
Property, plant and equipment¥12.8B¥14.2B¥14.4B¥15.6B¥18.2B
Intangible assets excluding goodwill¥307.3M¥521.7M¥778.2M¥656.2M¥574.9M
Investment securities¥11.2B¥12B¥11.9B¥10.9B¥13.9B
Current assets¥30.2B¥29.6B¥32B¥32.2B¥32.2B
Current liabilities¥7.61B¥7.62B¥9.44B¥7.42B¥9.39B
Trade payables¥3.93B¥4.26B¥3.95B¥3.05B¥3.21B
Short-term borrowings———¥300M—
Long-term borrowings———¥800M—
Total liabilities¥10.2B¥10.6B¥11.9B¥10.7B¥13B
Non-controlling interests¥828.1M¥834.6M¥911.5M¥908.8M¥1.01B
Equity attributable to owners of parent¥37.2B¥38.1B¥39.1B¥41.3B¥41.9B
Retained earnings¥25.8B¥28.5B¥30.4B¥32.6B¥32.7B
Treasury stock-¥1.3B-¥3.17B-¥4.12B-¥4.11B-¥3.53B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第158期(2025/04/01－2026/03/31)

    ID S100YCCG2026-06-17Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第157期(2024/04/01－2025/03/31)

    ID S100XRGN2026-03-18Open

  • EDINET (FSA Japan)

    有価証券報告書－第156期(2023/04/01－2024/03/31)

    ID S100TPI62024-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第155期(2022/04/01－2023/03/31)

    ID S100R12G2023-06-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第154期(令和3年4月1日－令和4年3月31日)

    ID S100OCNM2022-06-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第153期(令和2年4月1日－令和3年3月31日)

    ID S100LJOD2021-06-24Open

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

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