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Nippon GASNIPPON GAS CO.,LTD.8174東証プライム小売業FY ending Mar 2026, consolidated, J-GAAP

Nippon GAS revenue and profit

Out of every ¥100 of sales, about ¥10 is left as operating profit. Revenue changed +4.2% from the prior year, operating profit +14.7%.

Five-year trend

Revenue¥208.5B
FY ending Mar 2022: ¥162.6B¥162.6BFY ending Mar 2023: ¥207.9B¥207.9BFY ending Mar 2024: ¥194.4B¥194.4BFY ending Mar 2025: ¥200.1B¥200.1BFY ending Mar 2026: ¥208.5B¥208.5BFY22FY23FY24FY25FY26
Operating income¥21.3B
FY ending Mar 2022: ¥12.8B¥12.8BFY ending Mar 2023: ¥15.1B¥15.1BFY ending Mar 2024: ¥17.4B¥17.4BFY ending Mar 2025: ¥18.5B¥18.5BFY ending Mar 2026: ¥21.3B¥21.3BFY22FY23FY24FY25FY26
Operating margin10.2%
FY ending Mar 2022: 7.9%7.9%FY ending Mar 2023: 7.3%7.3%FY ending Mar 2024: 9.0%9.0%FY ending Mar 2025: 9.3%9.3%FY ending Mar 2026: 10.2%10.2%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin7.1%
Asset turnover1.30×
ROA9.3%
ROA9.3%
Financial leverage2.42×
ROE22.5%

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

Net margin7.1%
2022: 6.1%6.1%2023: 5.1%5.1%2024: 5.6%5.6%2025: 5.8%5.8%2026: 7.1%7.1%2223242526
Asset turnover1.30×
2022: 1.06×1.06×2023: 1.35×1.35×2024: 1.24×1.24×2025: 1.27×1.27×2026: 1.30×1.30×2223242526
ROA9.3%
2022: 6.5%6.5%2023: 6.8%6.8%2024: 6.9%6.9%2025: 7.3%7.3%2026: 9.3%9.3%2223242526
Financial leverage2.42×
2022: 2.14×2.14×2023: 2.11×2.11×2024: 2.14×2.14×2025: 2.25×2.25×2026: 2.42×2.42×2223242526
ROE22.5%
2022: 13.9%13.9%2023: 14.5%14.5%2024: 14.8%14.8%2025: 16.5%16.5%2026: 22.5%22.5%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20226.1%1.06×6.5%2.14×13.9%
20235.1%1.35×6.8%2.11×14.5%
20245.6%1.24×6.9%2.14×14.8%
20255.8%1.27×7.3%2.25×16.5%
20267.1%1.30×9.3%2.42×22.5%

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 ÷ revenue38.1%
2021: 59.8%59.8%2022: 52.4%52.4%2023: 39.7%39.7%2024: 42.0%42.0%2025: 40.5%40.5%2026: 38.1%38.1%212223242526
PPE ÷ total assets48.5%
2021: 61.2%61.2%2022: 55.4%55.4%2023: 53.3%53.3%2024: 51.3%51.3%2025: 51.9%51.9%2026: 48.5%48.5%212223242526
Goodwill ÷ parent equity2.4%
2021: 6.0%6.0%2022: 4.2%4.2%2023: 2.9%2.9%2024: 2.3%2.3%2025: 1.7%1.7%2026: 2.4%2.4%212223242526
Goodwill balance¥1.52B
2021: ¥4.13B¥4.13B2022: ¥2.98B¥2.98B2023: ¥2.18B¥2.18B2024: ¥1.7B¥1.7B2025: ¥1.15B¥1.15B2026: ¥1.52B¥1.52B212223242526

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.

Receivable days49d
2021: 38d38d2022: 48d48d2023: 49d49d2024: 54d54d2025: 45d45d2026: 49d49d212223242526
Payable days55d
2021: 43d43d2022: 56d56d2023: 47d47d2024: 49d49d2025: 50d50d2026: 55d55d212223242526

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
Revenue162,552207,942194,364200,057208,480
Cost of revenue95,958138,209120,746125,503131,732
Gross profit66,59369,73373,61774,55476,748
SG&A53,80754,60556,17556,00755,469
Operating income12,78615,12717,44218,54621,278
Pretax income14,45615,14515,14416,81921,099
Income tax4,4844,5774,3195,2716,246
Net income attributable to owners9,97210,56810,82511,54814,815
Operating margin7.9%7.3%9.0%9.3%10.2%

Balance sheet (reported items)

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

Assets

Cash 15%
Receivables 17%
Property, plant and equipment 48%
5%
4%
Other assets 11%

Funding

Trade payables 12%
Other liabilities 47%
Equity 41%
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¥16.9B¥12.9B¥18.7B¥19.4B¥23.8B
Total assets¥153.8B¥154.9B¥159.2B¥156B¥163.6B
Net assets¥71.9B¥74.3B¥72.7B¥67.4B¥67.5B
Share capital¥7.07B¥7.07B¥7.07B¥7.07B¥7.07B
Trade receivables¥21.5B¥28.2B¥29B¥24.9B¥28B
Property, plant and equipment¥85.2B¥82.6B¥81.6B¥81B¥79.4B
Intangible assets excluding goodwill¥7.8B¥8.12B¥8.23B¥6.67B¥6.35B
Goodwill¥2.98B¥2.18B¥1.7B¥1.15B¥1.52B
Investment securities¥2.09B¥2.69B¥3.72B¥2.13B¥6.5B
Current assets¥49.5B¥52.8B¥56.6B¥57.4B¥64.4B
Current liabilities¥45.8B¥46.4B¥47.4B¥49.3B¥55B
Trade payables¥14.7B¥17.8B¥16.3B¥17.3B¥19.7B
Short-term borrowings—¥500M¥4B¥4B¥6B
Long-term borrowings¥24.5B¥22.2B¥25.2B¥25.7B¥28.1B
Total liabilities¥81.9B¥80.6B¥86.5B¥88.6B¥96.1B
Non-controlling interests¥3M¥0—¥0¥498M
Equity attributable to owners of parent¥71.8B¥74.4B¥72.3B¥67.8B¥64.1B
Retained earnings¥64.6B¥66B¥66.4B¥62.7B¥66.8B
Treasury stock-¥5.79B-¥4.58B-¥7.07B-¥7.83B-¥15.6B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第72期(2025/04/01－2026/03/31)

    ID S100YEGP2026-06-19Open

  • EDINET (FSA Japan)

    有価証券報告書－第71期(2024/04/01－2025/03/31)

    ID S100VZQ02025-06-19Open

  • EDINET (FSA Japan)

    有価証券報告書－第70期(2023/04/01－2024/03/31)

    ID S100TPTE2024-06-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第69期(2022/04/01－2023/03/31)

    ID S100R4MS2023-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第68期(令和3年4月1日－令和4年3月31日)

    ID S100OCQR2022-06-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第67期(令和2年4月1日－令和3年3月31日)

    ID S100LM9R2021-06-24Open

Extracted from XBRL: 54 / Derived from other figures: 1

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