Nippon SeikiNIPPON SEIKI CO.,LTD.7287東証スタンダード輸送用機器FY ending Mar 2026, consolidated, IFRS

Nippon Seiki revenue and profit

Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +3.6% from the prior year, operating profit +21.3%.

Five-year trend

Revenue¥327.9B
FY ending Mar 2022: ¥223.6B¥223.6BFY ending Mar 2023: ¥275.8B¥275.8BFY ending Mar 2024: ¥312.4B¥312.4BFY ending Mar 2025: ¥316.4B¥316.4BFY ending Mar 2026: ¥327.9B¥327.9BFY22FY23FY24FY25FY26
Operating income¥11.6B
FY ending Mar 2022: -¥4.28B-¥4.28BFY ending Mar 2023: ¥2.73B¥2.73BFY ending Mar 2024: ¥8.48B¥8.48BFY ending Mar 2025: ¥9.58B¥9.58BFY ending Mar 2026: ¥11.6B¥11.6BFY22FY23FY24FY25FY26
Operating margin3.5%
FY ending Mar 2022: -1.9%-1.9%FY ending Mar 2023: 1.0%1.0%FY ending Mar 2024: 2.7%2.7%FY ending Mar 2025: 3.0%3.0%FY ending Mar 2026: 3.5%3.5%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin2.5%
Asset turnover0.97×
ROA2.4%
ROA2.4%
Financial leverage1.52×
ROE3.7%

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

Net margin2.5%
2023: 0.5%0.5%2024: 1.7%1.7%2025: 1.9%1.9%2026: 2.5%2.5%2223242526
Asset turnover0.97×
2023: 0.80×0.80×2024: 0.90×0.90×2025: 0.94×0.94×2026: 0.97×0.97×2223242526
ROA2.4%
2022: -1.6%-1.6%2023: 0.4%0.4%2024: 1.5%1.5%2025: 1.8%1.8%2026: 2.4%2.4%2223242526
Financial leverage1.52×
2023: 1.78×1.78×2024: 1.65×1.65×2025: 1.53×1.53×2026: 1.52×1.52×2223242526
ROE3.7%
2023: 0.7%0.7%2024: 2.5%2.5%2025: 2.8%2.8%2026: 3.7%3.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×-1.6%—×—
20230.5%0.80×0.4%1.78×0.7%
20241.7%0.90×1.5%1.65×2.5%
20251.9%0.94×1.8%1.53×2.8%
20262.5%0.97×2.4%1.52×3.7%

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 ÷ revenue25.1%
2021: 32.2%32.2%2022: 30.0%30.0%2023: 25.0%25.0%2024: 23.8%23.8%2025: 24.8%24.8%2026: 25.1%25.1%212223242526
PPE ÷ total assets23.7%
2021: 22.2%22.2%2022: 20.4%20.4%2023: 19.3%19.3%2024: 22.0%22.0%2025: 23.6%23.6%2026: 23.7%23.7%212223242526
Goodwill ÷ parent equity0.1%
2021: 0.0%0.0%2022: 0.0%0.0%2023: 0.2%0.2%2024: 0.2%0.2%2025: 0.2%0.2%2026: 0.1%0.1%212223242526
Goodwill balance¥343M
2021: ¥47M¥47M2022: ¥60M¥60M2023: ¥343M¥343M2024: ¥343M¥343M2025: ¥343M¥343M2026: ¥343M¥343M212223242526

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¥5.62B
2021: ¥2.93B¥2.93B2022: ¥3.15B¥3.15B2023: ¥3.52B¥3.52B2024: ¥6.48B¥6.48B2025: ¥6.19B¥6.19B2026: ¥5.62B¥5.62B212223242526
R&D / revenue1.7%
2021: 1.4%1.4%2022: 1.4%1.4%2023: 1.3%1.3%2024: 2.1%2.1%2025: 2.0%2.0%2026: 1.7%1.7%212223242526

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
Revenue223,621275,776312,355316,397327,894
Cost of revenue187,514237,151266,881270,057279,042
Gross profit36,10738,62545,47346,33948,852
SG&A38,36236,28636,05736,78036,963
Operating income-4,2762,7278,4849,58411,624
Pretax income-1,3996,37713,9299,34413,875
Income tax3,1434,3618,3063,0725,148
Net income attributable to owners-5,1801,3065,3006,1228,220
Operating margin-1.9%1.0%2.7%3.0%3.5%

Balance sheet (reported items)

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

Assets

Cash 15%
Property, plant and equipment 24%
0%
Other assets 61%

Funding

Other liabilities 33%
Equity 67%
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¥24.8B¥30B¥33.3B¥35.3B¥51.9B
Total assets¥329.6B¥356.2B¥338.6B¥332.1B¥347.3B
Net assets¥194.9B¥206.4B¥229.1B¥220.2B¥233.9B
Share capital¥14.5B¥14.5B¥14.5B¥14.5B¥14.5B
Property, plant and equipment¥67.1B¥68.8B¥74.4B¥78.4B¥82.2B
Goodwill¥60M¥343M¥343M¥343M¥343M
Current assets¥221.9B¥245B¥213.2B¥216.5B¥226.2B
Total liabilities¥134.7B¥149.9B¥109.6B¥111.9B¥113.4B
Equity attributable to owners of parent¥186.3B¥199.5B¥221.5B¥216.7B¥231.6B
Retained earnings¥149.9B¥149.2B¥150.8B¥154.3B¥158.8B
Treasury stock-¥1.01B-¥972M-¥1.94B-¥1.45B-¥1.3B

Sources

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

    有価証券報告書-第81期(2025/04/01-2026/03/31)

    ID S100YHIT2026-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第80期(2024/04/01-2025/03/31)

    ID S100W6PR2025-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第79期(2023/04/01-2024/03/31)

    ID S100TW0W2024-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第78期(2022/04/01-2023/03/31)

    ID S100R97P2023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第77期(令和3年4月1日-令和4年3月31日)

    ID S100OHPF2022-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第76期(令和2年4月1日-令和3年3月31日)

    ID S100LPO62021-06-25Open

Extracted from XBRL: 44 / Derived from other figures: 1

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