Vizora日本語

Okura IndustrialOkura Industrial Co.,Ltd.4221東証プライム化学FY ending Dec 2025, consolidated, J-GAAP

Okura Industrial revenue and profit

Out of every ¥100 of sales, about ¥7 is left as operating profit. Revenue changed +6.7% from the prior year, operating profit +35.5%.

Five-year trend

Revenue¥86.7B
FY ending Dec 2021: ¥88.4B¥88.4BFY ending Dec 2022: ¥77.3B¥77.3BFY ending Dec 2023: ¥78.9B¥78.9BFY ending Dec 2024: ¥81.2B¥81.2BFY ending Dec 2025: ¥86.7B¥86.7BFY21FY22FY23FY24FY25
Operating income¥6.18B
FY ending Dec 2021: ¥5.12B¥5.12BFY ending Dec 2022: ¥3.77B¥3.77BFY ending Dec 2023: ¥4.96B¥4.96BFY ending Dec 2024: ¥4.56B¥4.56BFY ending Dec 2025: ¥6.18B¥6.18BFY21FY22FY23FY24FY25
Operating margin7.1%
FY ending Dec 2021: 5.8%5.8%FY ending Dec 2022: 4.9%4.9%FY ending Dec 2023: 6.3%6.3%FY ending Dec 2024: 5.6%5.6%FY ending Dec 2025: 7.1%7.1%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin4.4%
Asset turnover0.84×
ROA3.7%
ROA3.7%
Financial leverage1.81×
ROE6.7%

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

Net margin4.4%
2021: 3.9%3.9%2022: 4.9%4.9%2023: 5.5%5.5%2024: 5.4%5.4%2025: 4.4%4.4%2122232425
Asset turnover0.84×
2021: 1.03×1.03×2022: 0.88×0.88×2023: 0.83×0.83×2024: 0.80×0.80×2025: 0.84×0.84×2122232425
ROA3.7%
2021: 4.0%4.0%2022: 4.3%4.3%2023: 4.5%4.5%2024: 4.3%4.3%2025: 3.7%3.7%2122232425
Financial leverage1.81×
2021: 1.75×1.75×2022: 1.74×1.74×2023: 1.77×1.77×2024: 1.81×1.81×2025: 1.81×1.81×2122232425
ROE6.7%
2021: 7.0%7.0%2022: 7.5%7.5%2023: 8.0%8.0%2024: 7.8%7.8%2025: 6.7%6.7%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20213.9%1.03×4.0%1.75×7.0%
20224.9%0.88×4.3%1.74×7.5%
20235.5%0.83×4.5%1.77×8.0%
20245.4%0.80×4.3%1.81×7.8%
20254.4%0.84×3.7%1.81×6.7%

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 ÷ revenue40.3%
2020: 36.4%36.4%2021: 32.2%32.2%2022: 37.5%37.5%2023: 45.2%45.2%2024: 41.0%41.0%2025: 40.3%40.3%202122232425
PPE ÷ total assets33.9%
2020: 35.7%35.7%2021: 33.2%33.2%2022: 32.1%32.1%2023: 35.5%35.5%2024: 32.3%32.3%2025: 33.9%33.9%202122232425

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¥1.59B
2020: ¥949M¥949M2021: ¥1.05B¥1.05B2022: ¥1.18B¥1.18B2023: ¥1.3B¥1.3B2024: ¥1.48B¥1.48B2025: ¥1.59B¥1.59B202122232425
R&D / revenue1.8%
2020: 1.2%1.2%2021: 1.2%1.2%2022: 1.5%1.5%2023: 1.6%1.6%2024: 1.8%1.8%2025: 1.8%1.8%202122232425
Receivable days—
2020: 92d92d2021: 87d87d202122232425
Payable days—
2020: 82d82d2021: 80d80d2022: 104d104d2023: 97d97d202122232425

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 Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue88,42077,26078,86381,19286,658
Cost of revenue73,91263,94463,97466,01969,119
Gross profit14,50813,31614,88815,17317,538
SG&A9,3849,5449,93210,60811,353
Operating income5,1233,7714,9564,5646,185
Pretax income4,9375,2785,6886,0005,201
Income tax1,5191,4921,3711,6361,383
Net income attributable to owners3,4173,7884,3154,3593,815
Operating margin5.8%4.9%6.3%5.6%7.1%

Balance sheet (reported items)

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

Assets

8%
Property, plant and equipment 34%
2%
Investment securities 10%
Other assets 46%

Funding

Other liabilities 39%
Equity 61%

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

ItemFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥9.77B¥8.45B¥7.81B¥8.95B¥7.98B
Total assets¥85.9B¥90.2B¥100.3B¥103B¥103B
Net assets¥52.5B¥55.6B¥60.9B¥62.1B¥63.1B
Share capital¥8.62B¥8.62B¥8.62B¥8.62B¥8.62B
Trade receivables¥21.1B————
Property, plant and equipment¥28.5B¥29B¥35.6B¥33.3B¥34.9B
Intangible assets excluding goodwill¥720M¥642M¥888M¥1.42B¥1.96B
Investment securities¥8.7B¥9.14B¥11.3B¥10.3B¥10.5B
Current assets¥47B¥50.6B¥50.9B¥55.5B¥52.7B
Current liabilities¥28B¥29.5B¥34.1B¥34.9B¥34.5B
Trade payables¥16.2B¥18.2B¥17B——
Short-term borrowings¥1.91B¥1.55B¥1.53B¥4.47B¥5.47B
Long-term borrowings¥827M¥343M—¥1.26B¥869M
Total liabilities¥33.3B¥34.6B¥39.4B¥40.9B¥39.9B
Non-controlling interests¥22M¥20M¥24M¥31M¥35M
Equity attributable to owners of parent¥49B¥52B¥55.6B¥56.7B¥57B
Retained earnings¥32.1B¥35.1B¥38.4B¥40.8B¥42.3B
Treasury stock-¥841M-¥829M-¥557M-¥1.82B-¥3.05B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第106期(2025/01/01－2025/12/31)

    ID S100XSNI2026-03-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第105期(2024/01/01－2024/12/31)

    ID S100VGQD2025-03-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第104期(2023/01/01－2023/12/31)

    ID S100T30Y2024-03-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第103期(2022/01/01－2022/12/31)

    ID S100QF8O2023-03-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第102期(令和3年1月1日－令和3年12月31日)

    ID S100NPMF2022-03-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第101期(令和2年1月1日－令和2年12月31日)

    ID S100L03K2021-03-25Open

Extracted from XBRL: 52 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.

Open MarkdownShare on XSave image