Nippon Pigment HoldingsNippon Pigment Holdings Company Limited4119東証スタンダード化学FY ending Mar 2026, consolidated, J-GAAP

Nippon Pigment Holdings revenue and profit

Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +11.3% from the prior year, operating profit +754.8%.

Five-year trend

Revenue¥42.2B
FY ending Mar 2022: ¥27.6B¥27.6BFY ending Mar 2023: ¥27.5B¥27.5BFY ending Mar 2024: ¥26.7B¥26.7BFY ending Mar 2025: ¥37.9B¥37.9BFY ending Mar 2026: ¥42.2B¥42.2BFY22FY23FY24FY25FY26
Operating income¥1.51B
FY ending Mar 2022: ¥1.28B¥1.28BFY ending Mar 2023: -¥59.1M-¥59.1MFY ending Mar 2024: ¥425.8M¥425.8MFY ending Mar 2025: ¥176.6M¥176.6MFY ending Mar 2026: ¥1.51B¥1.51BFY22FY23FY24FY25FY26
Operating margin3.6%
FY ending Mar 2022: 4.7%4.7%FY ending Mar 2023: -0.2%-0.2%FY ending Mar 2024: 1.6%1.6%FY ending Mar 2025: 0.5%0.5%FY ending Mar 2026: 3.6%3.6%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin2.7%
Asset turnover0.94×
ROA2.6%
ROA2.6%
Financial leverage2.48×
ROE6.4%

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

Net margin2.7%
2022: 3.2%3.2%2024: 2.8%2.8%2025: 13.3%13.3%2026: 2.7%2.7%2223242526
Asset turnover0.94×
2022: 0.84×0.84×2024: 0.91×0.91×2025: 1.02×1.02×2026: 0.94×0.94×2223242526
ROA2.6%
2022: 2.7%2.7%2023: -1.7%-1.7%2024: 2.5%2.5%2025: 13.6%13.6%2026: 2.6%2.6%2223242526
Financial leverage2.48×
2022: 2.55×2.55×2024: 2.36×2.36×2025: 2.44×2.44×2026: 2.48×2.48×2223242526
ROE6.4%
2022: 6.9%6.9%2024: 5.9%5.9%2025: 33.1%33.1%2026: 6.4%6.4%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.2%0.84×2.7%2.55×6.9%
2023——×-1.7%—×—
20242.8%0.91×2.5%2.36×5.9%
202513.3%1.02×13.6%2.44×33.1%
20262.7%0.94×2.6%2.48×6.4%

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 ÷ revenue19.1%
2021: 31.5%31.5%2022: 33.4%33.4%2023: 27.8%27.8%2024: 26.4%26.4%2025: 21.9%21.9%2026: 19.1%19.1%212223242526
PPE ÷ total assets17.8%
2021: 29.3%29.3%2022: 28.1%28.1%2023: 26.2%26.2%2024: 23.8%23.8%2025: 18.7%18.7%2026: 17.8%17.8%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¥673M
2021: ¥249M¥249M2022: ¥255M¥255M2023: ¥285M¥285M2024: ¥313M¥313M2025: ¥596M¥596M2026: ¥673M¥673M212223242526
R&D / revenue1.6%
2021: 0.8%0.8%2022: 0.9%0.9%2023: 1.0%1.0%2024: 1.2%1.2%2025: 1.6%1.6%2026: 1.6%1.6%212223242526
Receivable days81d
2021: 77d77d2022: 90d90d2023: 91d91d2024: 92d92d2025: 112d112d2026: 81d81d212223242526
Payable days102d
2021: 76d76d2022: 93d93d2023: 93d93d2024: 100d100d2025: 108d108d2026: 102d102d212223242526

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
Revenue27,56727,46426,68337,92142,225
Cost of revenue23,20824,27522,90132,44735,137
Gross profit4,3593,1893,7825,4747,088
SG&A3,0743,2483,3565,2975,579
Operating income1,285-594261771,509
Pretax income1,363-8691,5635,1161,493
Income tax411-35572292264
Net income attributable to owners886-5207415,0261,159
Operating margin4.7%-0.2%1.6%0.5%3.6%

Balance sheet (reported items)

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

Assets

Cash 13%
Receivables 21%
Property, plant and equipment 18%
0%
Investment securities 23%
Other assets 25%

Funding

Trade payables 22%
Other liabilities 25%
Equity 53%
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¥4.69B¥2.34B¥3.22B¥3.84B¥5.91B
Total assets¥32.8B¥29.1B¥29.6B¥44.4B¥45.5B
Net assets¥15B¥15.2B¥15.7B¥21.6B¥24.2B
Share capital¥1.48B¥1.48B¥1.48B¥1.48B¥1.48B
Trade receivables¥6.83B¥6.84B¥6.75B¥11.6B¥9.36B
Property, plant and equipment¥9.2B¥7.63B¥7.04B¥8.3B¥8.08B
Intangible assets excluding goodwill¥200.7M¥147.6M¥116M¥106.4M¥84.7M
Investment securities¥4.81B¥5.09B¥5.15B¥9.07B¥10.7B
Current assets¥17.5B¥15B¥16B¥25.2B¥24.7B
Current liabilities¥13B¥9.9B¥10.1B¥15.6B¥14.1B
Trade payables¥5.94B¥6.16B¥6.27B¥9.59B¥9.77B
Short-term borrowings¥5.38B¥2.63B¥2.32B¥3.56B¥2.44B
Long-term borrowings¥2.97B¥2.81B¥2.5B¥3.07B¥2.69B
Total liabilities¥17.8B¥13.9B¥13.9B¥22.8B¥21.3B
Non-controlling interests¥996.2M¥1.04B¥1.2B¥1.81B¥1.84B
Equity attributable to owners of parent¥12.8B¥12.2B¥12.7B¥17.6B¥18.6B
Retained earnings¥10.3B¥9.67B¥10.3B¥15.1B¥16.1B
Treasury stock-¥18.3M-¥18.7M-¥19M-¥19.1M-¥19.4M

Sources

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

    有価証券報告書-第90期(2025/04/01-2026/03/31)

    ID S100YGDM2026-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第89期(2024/04/01-2025/03/31)

    ID S100W7GL2025-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第88期(2023/04/01-2024/03/31)

    ID S100TS1B2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第87期(2022/04/01-2023/03/31)

    ID S100R5UP2023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第86期(令和3年4月1日-令和4年3月31日)

    ID S100OFOI2022-06-29Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第85期(令和2年4月1日-令和3年3月31日)

    ID S100NEUH2022-02-10Open

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