Nippon PrimexNIPPON PRIMEX INC.2795東証スタンダード卸売業FY ending Mar 2026, consolidated, J-GAAP

Nippon Primex revenue and profit

Out of every ¥100 of sales, about ¥7 is left as operating profit. Revenue changed -0.7% from the prior year, operating profit -11.6%.

Five-year trend

Revenue¥7.04B
FY ending Mar 2022: ¥5.88B¥5.88BFY ending Mar 2023: ¥6.17B¥6.17BFY ending Mar 2024: ¥6.94B¥6.94BFY ending Mar 2025: ¥7.09B¥7.09BFY ending Mar 2026: ¥7.04B¥7.04BFY22FY23FY24FY25FY26
Operating income¥485.9M
FY ending Mar 2022: ¥472.6M¥472.6MFY ending Mar 2023: ¥522.5M¥522.5MFY ending Mar 2024: ¥577M¥577MFY ending Mar 2025: ¥549.9M¥549.9MFY ending Mar 2026: ¥485.9M¥485.9MFY22FY23FY24FY25FY26
Operating margin6.9%
FY ending Mar 2022: 8.0%8.0%FY ending Mar 2023: 8.5%8.5%FY ending Mar 2024: 8.3%8.3%FY ending Mar 2025: 7.8%7.8%FY ending Mar 2026: 6.9%6.9%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin6.4%
Asset turnover0.66×
ROA4.2%
ROA4.2%
Financial leverage1.40×
ROE5.9%

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

Net margin6.4%
2022: 7.1%7.1%2023: 6.4%6.4%2024: 7.3%7.3%2025: 5.8%5.8%2026: 6.4%6.4%2223242526
Asset turnover0.66×
2022: 0.68×0.68×2023: 0.69×0.69×2024: 0.72×0.72×2025: 0.69×0.69×2026: 0.66×0.66×2223242526
ROA4.2%
2022: 4.8%4.8%2023: 4.4%4.4%2024: 5.2%5.2%2025: 4.0%4.0%2026: 4.2%4.2%2223242526
Financial leverage1.40×
2022: 1.34×1.34×2023: 1.34×1.34×2024: 1.38×1.38×2025: 1.40×1.40×2026: 1.40×1.40×2223242526
ROE5.9%
2022: 6.4%6.4%2023: 6.0%6.0%2024: 7.2%7.2%2025: 5.6%5.6%2026: 5.9%5.9%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20227.1%0.68×4.8%1.34×6.4%
20236.4%0.69×4.4%1.34×6.0%
20247.3%0.72×5.2%1.38×7.2%
20255.8%0.69×4.0%1.40×5.6%
20266.4%0.66×4.2%1.40×5.9%

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 ÷ revenue19.7%
2021: 25.4%25.4%2022: 22.6%22.6%2023: 20.9%20.9%2024: 19.5%19.5%2025: 19.9%19.9%2026: 19.7%19.7%212223242526
PPE ÷ total assets12.8%
2021: 16.2%16.2%2022: 15.3%15.3%2023: 14.1%14.1%2024: 13.4%13.4%2025: 13.6%13.6%2026: 12.8%12.8%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¥233M
2021: ¥261.7M¥261.7M2022: ¥281.4M¥281.4M2023: ¥256.1M¥256.1M2024: ¥260M¥260M2025: ¥256.6M¥256.6M2026: ¥233M¥233M212223242526
R&D / revenue3.3%
2021: 5.0%5.0%2022: 4.8%4.8%2023: 4.1%4.1%2024: 3.7%3.7%2025: 3.6%3.6%2026: 3.3%3.3%212223242526
Receivable days—
2021: 92d92d212223242526
Payable days46d
2021: 125d125d2022: 91d91d2023: 44d44d2024: 38d38d2025: 43d43d2026: 46d46d212223242526

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
Revenue5,8776,1726,9407,0947,044
Cost of revenue4,2674,5225,1425,2715,283
Gross profit1,6101,6501,7981,8221,760
SG&A1,1371,1281,2211,2731,274
Operating income473523577550486
Pretax income645608764586673
Income tax228211259177223
Net income attributable to owners417397504409450
Operating margin8.0%8.5%8.3%7.8%6.9%

Balance sheet (reported items)

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

Assets

Cash 17%
Property, plant and equipment 13%
0%
Investment securities 15%
Other assets 55%

Funding

6%
Other liabilities 17%
Equity 77%
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¥2.45B¥1.04B¥1.56B¥1.56B¥1.84B
Total assets¥8.7B¥9.18B¥10.1B¥10.4B¥10.8B
Net assets¥6.49B¥6.87B¥7.52B¥7.89B¥8.36B
Share capital¥394M¥394M¥394M¥394M¥394M
Property, plant and equipment¥1.33B¥1.29B¥1.36B¥1.41B¥1.39B
Intangible assets excluding goodwill¥21.7M¥27.3M¥38.7M¥36.6M¥24.6M
Investment securities¥613.1M¥700.7M¥1.06B¥1.28B¥1.63B
Current assets¥6.63B¥7.06B¥7.62B¥7.58B¥7.73B
Current liabilities¥1.79B¥1.86B¥2.07B¥1.83B¥1.71B
Trade payables¥1.07B¥546.9M¥534.4M¥618M¥671.5M
Total liabilities¥2.21B¥2.31B¥2.6B¥2.48B¥2.48B
Equity attributable to owners of parent¥6.51B¥6.8B¥7.2B¥7.48B¥7.71B
Retained earnings¥5.99B¥6.28B¥6.68B¥6.96B¥7.28B
Treasury stock-¥158.9M-¥158.9M-¥158.9M-¥158.9M-¥239.9M

Sources

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

    有価証券報告書-第48期(2025/04/01-2026/03/31)

    ID S100YEGQ2026-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第47期(2024/04/01-2025/03/31)

    ID S100VZEU2025-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第46期(2023/04/01-2024/03/31)

    ID S100TQXN2024-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第45期(2022/04/01-2023/03/31)

    ID S100R4GR2023-06-27Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第44期(令和3年4月1日-令和4年3月31日)

    ID S100OINR2022-06-28Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第43期(令和2年4月1日-令和3年3月31日)

    ID S100MVL02021-11-15Open

Extracted from XBRL: 47 / Derived from other figures: 1

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