OlympusOLYMPUS CORPORATION7733東証プライム精密機器FY ending Mar 2026, consolidated, IFRS

Olympus revenue and profit

Out of every ¥100 of sales, about ¥10 is left as operating profit. Revenue changed +1.3% from the prior year, operating profit -40.2%.

Five-year trend

Revenue¥1.01T
FY ending Mar 2022: ¥750.1B¥750.1BFY ending Mar 2023: ¥881.9B¥881.9BFY ending Mar 2024: ¥925.8B¥925.8BFY ending Mar 2025: ¥997.3B¥997.3BFY ending Mar 2026: ¥1.01T¥1.01TFY22FY23FY24FY25FY26
Operating income¥97.1B
FY ending Mar 2022: ¥146.2B¥146.2BFY ending Mar 2023: ¥186.6B¥186.6BFY ending Mar 2025: ¥162.5B¥162.5BFY ending Mar 2026: ¥97.1B¥97.1BFY22FY23FY24FY25FY26
Operating margin9.6%
FY ending Mar 2022: 19.5%19.5%FY ending Mar 2023: 21.2%21.2%FY ending Mar 2025: 16.3%16.3%FY ending Mar 2026: 9.6%9.6%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin6.7%
Asset turnover0.68×
ROA4.6%
ROA4.6%
Financial leverage1.90×
ROE8.7%

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

Net margin6.7%
2022: 15.4%15.4%2023: 16.3%16.3%2024: 26.2%26.2%2025: 11.8%11.8%2026: 6.7%6.7%2223242526
Asset turnover0.68×
2022: 0.55×0.55×2023: 0.62×0.62×2024: 0.61×0.61×2025: 0.67×0.67×2026: 0.68×0.68×2223242526
ROA4.6%
2022: 8.5%8.5%2023: 10.0%10.0%2024: 15.9%15.9%2025: 7.9%7.9%2026: 4.6%4.6%2223242526
Financial leverage1.90×
2022: 2.66×2.66×2023: 2.49×2.49×2024: 2.18×2.18×2025: 1.97×1.97×2026: 1.90×1.90×2223242526
ROE8.7%
2022: 22.7%22.7%2023: 24.9%24.9%2024: 34.7%34.7%2025: 15.7%15.7%2026: 8.7%8.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202215.4%0.55×8.5%2.66×22.7%
202316.3%0.62×10.0%2.49×24.9%
202426.2%0.61×15.9%2.18×34.7%
202511.8%0.67×7.9%1.97×15.7%
20266.7%0.68×4.6%1.90×8.7%

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 ÷ revenue28.4%
2021: 32.7%32.7%2022: 32.9%32.9%2023: 27.1%27.1%2025: 26.4%26.4%2026: 28.4%28.4%212223242526
PPE ÷ total assets18.7%
2021: 20.2%20.2%2022: 18.2%18.2%2023: 15.8%15.8%2025: 18.4%18.4%2026: 18.7%18.7%212223242526
Goodwill ÷ parent equity23.9%
2021: 32.3%32.3%2022: 32.2%32.2%2023: 28.3%28.3%2025: 24.0%24.0%2026: 23.9%23.9%212223242526
Goodwill balance¥194.2B
2021: ¥127.4B¥127.4B2022: ¥164.5B¥164.5B2023: ¥181.3B¥181.3B2025: ¥180.6B¥180.6B2026: ¥194.2B¥194.2B212223242526

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¥109.9B
2021: ¥81.8B¥81.8B2022: ¥85.3B¥85.3B2023: ¥76.9B¥76.9B2025: ¥103.9B¥103.9B2026: ¥109.9B¥109.9B212223242526
R&D / revenue10.9%
2021: 11.2%11.2%2022: 11.4%11.4%2023: 8.7%8.7%2025: 10.4%10.4%2026: 10.9%10.9%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
Revenue750,123881,923925,752997,3321,010,676
Cost of revenue243,423285,074—313,635356,586
Gross profit506,700596,849—683,697654,090
SG&A357,510420,547—495,654507,080
Operating income146,188186,609—162,46297,120
Pretax income141,701182,29443,611159,07093,994
Income tax31,07444,304—41,27025,822
Net income attributable to owners115,742143,432242,566117,85568,172
Operating margin19.5%21.2%—16.3%9.6%

Balance sheet (reported items)

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

Assets

Cash 12%
Property, plant and equipment 19%
Intangibles and goodwill 13%
Other assets 56%

Funding

Other liabilities 47%
Equity 53%

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¥302.6B¥169.3B¥340.9B¥252.5B¥188B
Total assets¥1.36T¥1.51T¥1.53T¥1.43T¥1.54T
Net assets¥511.4B¥641.2B¥757.2B¥751.7B¥812B
Share capital¥124.6B¥124.6B—¥124.6B¥124.6B
Property, plant and equipment¥247.1B¥238.7B—¥263.3B¥287.2B
Goodwill¥164.5B¥181.3B—¥180.6B¥194.2B
Current assets¥694.6B¥726.4B—¥679.6B¥706.3B
Total liabilities¥846.6B¥867.5B—¥681.5B¥725.1B
Equity attributable to owners of parent¥510.2B¥640.1B—¥751.7B¥812B
Retained earnings¥305.1B¥371.1B—¥421B¥422.3B
Treasury stock-¥45.6B-¥28.1B—-¥27.9B-¥26.6B

Sources

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

    有価証券報告書-第158期(2025/04/01-2026/03/31)

    ID S100YDN32026-06-18Open
  • EDINET (FSA Japan)

    有価証券報告書-第157期(2024/04/01-2025/03/31)

    ID S100W0092025-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第156期(2023/04/01-2024/03/31)

    ID S100TNZ42024-06-20Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第155期(2022/04/01-2023/03/31)

    ID S100RV9X2023-09-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第154期(令和3年4月1日-令和4年3月31日)

    ID S100OBAY2022-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第153期(令和2年4月1日-令和3年3月31日)

    ID S100LL9I2021-06-21Open

Extracted from XBRL: 44 / 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.