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Obara GroupObara Group Incorporated6877東証スタンダード電気機器FY ending Sep 2025, consolidated, J-GAAP

Obara Group revenue and profit

Out of every ¥100 of sales, about ¥16 is left as operating profit. Revenue changed +9.4% from the prior year, operating profit +5.5%.

Five-year trend

Revenue¥61.7B
FY ending Sep 2021: ¥45.5B¥45.5BFY ending Sep 2022: ¥50.3B¥50.3BFY ending Sep 2023: ¥55.2B¥55.2BFY ending Sep 2024: ¥56.4B¥56.4BFY ending Sep 2025: ¥61.7B¥61.7BFY21FY22FY23FY24FY25
Operating income¥9.7B
FY ending Sep 2021: ¥7.32B¥7.32BFY ending Sep 2022: ¥8.5B¥8.5BFY ending Sep 2023: ¥9.01B¥9.01BFY ending Sep 2024: ¥9.2B¥9.2BFY ending Sep 2025: ¥9.7B¥9.7BFY21FY22FY23FY24FY25
Operating margin15.7%
FY ending Sep 2021: 16.1%16.1%FY ending Sep 2022: 16.9%16.9%FY ending Sep 2023: 16.3%16.3%FY ending Sep 2024: 16.3%16.3%FY ending Sep 2025: 15.7%15.7%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin11.0%
Asset turnover0.60×
ROA6.6%
ROA6.6%
Financial leverage1.59×
ROE10.5%

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

Net margin11.0%
2021: 13.2%13.2%2022: 12.3%12.3%2023: 13.1%13.1%2024: 11.9%11.9%2025: 11.0%11.0%2122232425
Asset turnover0.60×
2021: 0.58×0.58×2022: 0.59×0.59×2023: 0.59×0.59×2024: 0.58×0.58×2025: 0.60×0.60×2122232425
ROA6.6%
2021: 7.6%7.6%2022: 7.3%7.3%2023: 7.7%7.7%2024: 6.9%6.9%2025: 6.6%6.6%2122232425
Financial leverage1.59×
2021: 1.53×1.53×2022: 1.61×1.61×2023: 1.57×1.57×2024: 1.52×1.52×2025: 1.59×1.59×2122232425
ROE10.5%
2021: 11.7%11.7%2022: 11.7%11.7%2023: 12.1%12.1%2024: 10.5%10.5%2025: 10.5%10.5%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
202113.2%0.58×7.6%1.53×11.7%
202212.3%0.59×7.3%1.61×11.7%
202313.1%0.59×7.7%1.57×12.1%
202411.9%0.58×6.9%1.52×10.5%
202511.0%0.60×6.6%1.59×10.5%

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 ÷ revenue36.9%
2020: 31.2%31.2%2021: 31.4%31.4%2022: 31.2%31.2%2023: 28.0%28.0%2024: 30.6%30.6%2025: 36.9%36.9%202122232425
PPE ÷ total assets21.9%
2020: 19.1%19.1%2021: 18.2%18.2%2022: 17.0%17.0%2023: 16.3%16.3%2024: 17.1%17.1%2025: 21.9%21.9%202122232425
Goodwill ÷ parent equity6.0%
2020: 0.6%0.6%2021: 0.3%0.3%2022: 0.1%0.1%2025: 6.0%6.0%202122232425
Goodwill balance¥3.86B
2020: ¥291M¥291M2021: ¥171M¥171M2022: ¥74M¥74M2025: ¥3.86B¥3.86B202122232425

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¥478M
2020: ¥818M¥818M2021: ¥636M¥636M2022: ¥691M¥691M2023: ¥630M¥630M2024: ¥482M¥482M2025: ¥478M¥478M202122232425
R&D / revenue0.8%
2020: 1.8%1.8%2021: 1.4%1.4%2022: 1.4%1.4%2023: 1.1%1.1%2024: 0.9%0.9%2025: 0.8%0.8%202122232425
Receivable days—
2020: 101d101d2021: 99d99d202122232425
Payable days50d
2020: 42d42d2021: 51d51d2022: 53d53d2023: 39d39d2024: 43d43d2025: 50d50d202122232425

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 Sep 2021FY ending Sep 2022FY ending Sep 2023FY ending Sep 2024FY ending Sep 2025
Revenue45,47550,28255,20956,39161,682
Cost of revenue30,78233,46437,68538,45641,327
Gross profit14,69316,81717,52417,93520,355
SG&A7,3718,3198,5108,73910,655
Operating income7,3218,4979,0149,1959,699
Pretax income9,1279,81310,1799,80410,122
Income tax3,1253,6072,9533,0733,351
Net income attributable to owners5,9936,1977,2116,7246,762
Operating margin16.1%16.9%16.3%16.3%15.7%

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 22%
Intangibles and goodwill 9%
2%
Other assets 50%

Funding

5%
Other liabilities 23%
Equity 72%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Sep 2021FY ending Sep 2022FY ending Sep 2023FY ending Sep 2024FY ending Sep 2025
Cash and equivalents¥20.6B¥26.4B¥34.7B¥37.4B¥18.2B
Total assets¥78.4B¥92.3B¥94.6B¥100.8B¥103.8B
Net assets¥54.2B¥63.7B¥74.1B¥73.8B¥74.7B
Share capital¥1.93B¥1.93B¥1.93B¥1.93B¥1.93B
Trade receivables¥12.3B————
Property, plant and equipment¥14.3B¥15.7B¥15.5B¥17.2B¥22.8B
Intangible assets excluding goodwill¥686M¥543M¥451M¥389M¥5.76B
Goodwill¥171M¥74M——¥3.86B
Investment securities¥1.49B¥1.2B¥1.16B¥1.44B¥1.68B
Current assets¥55.9B¥72.8B¥75.4B¥79.8B¥69.2B
Current liabilities¥13.3B¥17.5B¥14.9B¥15.7B¥16.8B
Trade payables¥4.34B¥4.83B¥3.98B¥4.58B¥5.63B
Long-term borrowings¥666M¥572M¥475M¥382M¥289M
Total liabilities¥24.2B¥28.7B¥20.5B¥27B¥29.1B
Non-controlling interests¥70M¥69M¥75M¥71M¥146M
Equity attributable to owners of parent¥51.3B¥54.7B¥64.1B¥64.3B¥64.2B
Retained earnings¥65.5B¥69.9B¥74B¥77.9B¥82.2B
Treasury stock-¥16B-¥17.1B-¥11.8B-¥15.5B-¥19.9B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第67期(2024/10/01－2025/09/30)

    ID S100XB5N2025-12-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第66期(2023/10/01－2024/09/30)

    ID S100UYOP2024-12-20Open

  • EDINET (FSA Japan)

    有価証券報告書－第65期(2022/10/01－2023/09/30)

    ID S100SHBX2023-12-20Open

  • EDINET (FSA Japan)

    有価証券報告書－第64期(令和3年10月1日－令和4年9月30日)

    ID S100PT632022-12-21Open

  • EDINET (FSA Japan)

    有価証券報告書－第63期(令和2年10月1日－令和3年9月30日)

    ID S100N38C2021-12-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第62期(令和1年10月1日－令和2年9月30日)

    ID S100KDH72020-12-21Open

Extracted from XBRL: 53 / Derived from other figures: 1

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