Nippon SignalNippon Signal Company,Limited6741東証プライム電気機器FY ending Mar 2026, consolidated, J-GAAP

Nippon Signal revenue and profit

Out of every ¥100 of sales, about ¥10 is left as operating profit. Revenue changed +6.7% from the prior year, operating profit +18.1%.

Five-year trend

Revenue¥114.1B
FY ending Mar 2022: ¥85B¥85BFY ending Mar 2023: ¥85.5B¥85.5BFY ending Mar 2024: ¥98.5B¥98.5BFY ending Mar 2025: ¥106.9B¥106.9BFY ending Mar 2026: ¥114.1B¥114.1BFY22FY23FY24FY25FY26
Operating income¥11.7B
FY ending Mar 2022: ¥5.39B¥5.39BFY ending Mar 2023: ¥5.11B¥5.11BFY ending Mar 2024: ¥6.82B¥6.82BFY ending Mar 2025: ¥9.91B¥9.91BFY ending Mar 2026: ¥11.7B¥11.7BFY22FY23FY24FY25FY26
Operating margin10.3%
FY ending Mar 2022: 6.3%6.3%FY ending Mar 2023: 6.0%6.0%FY ending Mar 2024: 6.9%6.9%FY ending Mar 2025: 9.3%9.3%FY ending Mar 2026: 10.3%10.3%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin10.2%
Asset turnover0.67×
ROA6.9%
ROA6.9%
Financial leverage1.80×
ROE12.3%

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

Net margin10.2%
2022: 5.3%5.3%2023: 4.8%4.8%2024: 5.4%5.4%2025: 8.0%8.0%2026: 10.2%10.2%2223242526
Asset turnover0.67×
2022: 0.63×0.63×2023: 0.61×0.61×2024: 0.63×0.63×2025: 0.64×0.64×2026: 0.67×0.67×2223242526
ROA6.9%
2022: 3.4%3.4%2023: 2.9%2.9%2024: 3.4%3.4%2025: 5.1%5.1%2026: 6.9%6.9%2223242526
Financial leverage1.80×
2022: 1.75×1.75×2023: 1.80×1.80×2024: 1.92×1.92×2025: 1.93×1.93×2026: 1.80×1.80×2223242526
ROE12.3%
2022: 5.9%5.9%2023: 5.2%5.2%2024: 6.6%6.6%2025: 9.9%9.9%2026: 12.3%12.3%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20225.3%0.63×3.4%1.75×5.9%
20234.8%0.61×2.9%1.80×5.2%
20245.4%0.63×3.4%1.92×6.6%
20258.0%0.64×5.1%1.93×9.9%
202610.2%0.67×6.9%1.80×12.3%

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 ÷ revenue18.2%
2021: 17.8%17.8%2022: 19.5%19.5%2023: 19.1%19.1%2024: 17.4%17.4%2025: 17.5%17.5%2026: 18.2%18.2%212223242526
PPE ÷ total assets12.1%
2021: 11.7%11.7%2022: 12.4%12.4%2023: 11.2%11.2%2024: 10.4%10.4%2025: 11.3%11.3%2026: 12.1%12.1%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.

Receivable days—
2021: 219d219d212223242526
Payable days45d
2021: 68d68d2022: 58d58d2023: 62d62d2024: 64d64d2025: 53d53d2026: 45d45d212223242526

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
Revenue85,04785,45698,536106,859114,071
Cost of revenue65,47465,40576,94981,18085,112
Gross profit19,57320,05021,58625,67928,958
SG&A14,18214,93814,76215,77317,256
Operating income5,3905,1126,8249,90611,701
Pretax income6,5316,0278,04711,67416,472
Income tax2,0271,9512,7013,1714,878
Net income attributable to owners4,5034,0755,3468,50311,594
Operating margin6.3%6.0%6.9%9.3%10.3%

Balance sheet (reported items)

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

Assets

6%
Property, plant and equipment 12%
2%
Investment securities 16%
Other assets 64%

Funding

6%
Other liabilities 28%
Equity 66%

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¥6.34B¥8.37B¥11.8B¥11.2B¥10.9B
Total assets¥134.1B¥146B¥165.3B¥166.2B¥172.2B
Net assets¥86.7B¥89.4B¥96.8B¥102.6B¥114.3B
Share capital¥10B¥10B¥10B¥10B¥10B
Property, plant and equipment¥16.6B¥16.3B¥17.1B¥18.7B¥20.8B
Intangible assets excluding goodwill¥1.9B¥2.08B¥2.88B¥3.06B¥3.02B
Investment securities¥23.4B¥24.6B¥29B¥28.3B¥28.1B
Current assets¥86.7B¥97.3B¥110.6B¥110.2B¥113.2B
Current liabilities¥37B¥46.6B¥57.8B¥54B¥49.5B
Trade payables¥10.4B¥11.1B¥13.4B¥11.7B¥10.6B
Short-term borrowings¥11.8B¥17.5B¥18.7B¥19.2B¥15.5B
Total liabilities¥47.3B¥56.7B¥68.5B¥63.6B¥57.9B
Equity attributable to owners of parent¥76.8B¥79.2B¥82.9B¥89.3B¥99B
Retained earnings¥65.8B¥68.2B¥71.9B¥78.2B¥88B
Treasury stock-¥6.57B-¥6.57B-¥6.57B-¥6.57B-¥6.57B

Sources

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

    有価証券報告書-第143期(2025/04/01-2026/03/31)

    ID S100YAO12026-06-15Open
  • EDINET (FSA Japan)

    有価証券報告書-第142期(2024/04/01-2025/03/31)

    ID S100VX5P2025-06-16Open
  • EDINET (FSA Japan)

    有価証券報告書-第141期(2023/04/01-2024/03/31)

    ID S100TMU52024-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第140期(2022/04/01-2023/03/31)

    ID S100R2EO2023-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第139期(令和3年4月1日-令和4年3月31日)

    ID S100OCP72022-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第138期(令和2年4月1日-令和3年3月31日)

    ID S100LP5R2021-06-25Open

Extracted from XBRL: 48 / Derived from other figures: 1

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