PietroPIETRO Co., Ltd.2818東証スタンダード食料品FY ending Mar 2026, consolidated, J-GAAP

Pietro revenue and profit

Out of every ¥100 of sales, about ¥1 is left as operating profit. Revenue changed +9.1% from the prior year, operating profit +11.2%.

Five-year trend

Revenue¥12.1B
FY ending Mar 2022: ¥8.54B¥8.54BFY ending Mar 2023: ¥9.11B¥9.11BFY ending Mar 2024: ¥10.1B¥10.1BFY ending Mar 2025: ¥11.1B¥11.1BFY ending Mar 2026: ¥12.1B¥12.1BFY22FY23FY24FY25FY26
Operating income¥197.1M
FY ending Mar 2022: ¥353.3M¥353.3MFY ending Mar 2023: -¥75.8M-¥75.8MFY ending Mar 2024: ¥218.5M¥218.5MFY ending Mar 2025: ¥177.2M¥177.2MFY ending Mar 2026: ¥197.1M¥197.1MFY22FY23FY24FY25FY26
Operating margin1.6%
FY ending Mar 2022: 4.1%4.1%FY ending Mar 2023: -0.8%-0.8%FY ending Mar 2024: 2.2%2.2%FY ending Mar 2025: 1.6%1.6%FY ending Mar 2026: 1.6%1.6%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin—
2022: 1.9%1.9%2024: 1.1%1.1%2025: 0.5%0.5%2223242526
Asset turnover—
2022: 0.93×0.93×2024: 1.04×1.04×2025: 1.07×1.07×2223242526
ROA-0.3%
2022: 1.8%1.8%2023: -4.4%-4.4%2024: 1.1%1.1%2025: 0.6%0.6%2026: -0.3%-0.3%2223242526
Financial leverage—
2022: 1.66×1.66×2024: 1.70×1.70×2025: 1.65×1.65×2223242526
ROE—
2022: 3.0%3.0%2024: 1.9%1.9%2025: 0.9%0.9%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20221.9%0.93×1.8%1.66×3.0%
2023——×-4.4%—×—
20241.1%1.04×1.1%1.70×1.9%
20250.5%1.07×0.6%1.65×0.9%
2026——×-0.3%—×—

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 ÷ revenue75.2%
2021: 55.3%55.3%2022: 62.0%62.0%2023: 53.7%53.7%2024: 50.9%50.9%2025: 56.3%56.3%2026: 75.2%75.2%212223242526
PPE ÷ total assets63.7%
2021: 50.4%50.4%2022: 57.7%57.7%2023: 55.3%55.3%2024: 48.5%48.5%2025: 61.0%61.0%2026: 63.7%63.7%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.

R&D spending¥77M
2021: ¥82M¥82M2022: ¥90M¥90M2023: ¥102M¥102M2024: ¥95M¥95M2025: ¥80M¥80M2026: ¥77M¥77M212223242526
R&D / revenue0.6%
2021: 1.0%1.0%2022: 1.1%1.1%2023: 1.1%1.1%2024: 0.9%0.9%2025: 0.7%0.7%2026: 0.6%0.6%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
Revenue8,5409,10810,09611,13512,146
Cost of revenue4,0104,4694,7735,4326,033
Gross profit4,5304,6395,3235,7036,113
SG&A4,1774,7155,1055,5265,916
Operating income353-76219177197
Pretax income307-39717413379
Income tax14126576112
Net income attributable to owners165-40011058-33
Operating margin4.1%-0.8%2.2%1.6%1.6%

Balance sheet (reported items)

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

Assets

Cash 16%
Property, plant and equipment 64%
0%
0%
Other assets 20%

Funding

Other liabilities 57%
Equity 43%
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¥1.29B¥1.36B¥2.57B¥1.18B¥2.27B
Total assets¥9.18B¥8.83B¥10.6B¥10.3B¥14.3B
Net assets¥5.53B¥5.06B¥6.43B¥6.36B¥6.21B
Share capital¥1.04B¥1.04B¥1.72B¥1.72B¥1.72B
Property, plant and equipment¥5.3B¥4.89B¥5.14B¥6.27B¥9.13B
Intangible assets excluding goodwill¥115.3M¥88.3M¥57.1M¥59.7M¥70.9M
Investment securities¥14.8M¥17M¥14.4M¥15.5M¥25.9M
Current assets¥3.08B¥3.14B¥4.65B¥3.28B¥4.57B
Current liabilities¥2.78B¥3.01B¥3.45B¥3.14B¥3.97B
Short-term borrowings¥1.35B¥1.35B¥1.35B¥1.35B¥2.12B
Long-term borrowings¥256.7M¥143.3M¥16.6M—¥3.34B
Total liabilities¥3.65B¥3.77B¥4.15B¥3.91B¥8.11B
Equity attributable to owners of parent¥5.53B¥5.02B¥6.38B¥6.3B¥6.14B
Retained earnings¥3.78B¥3.24B¥3.2B¥3.09B¥2.89B
Treasury stock-¥371.6M-¥336.9M-¥301.8M-¥266.6M-¥230M

Sources

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

    訂正有価証券報告書-第41期(2025/04/01-2026/03/31)

    ID S100YOI82026-07-03Open
  • EDINET (FSA Japan)

    有価証券報告書-第40期(2024/04/01-2025/03/31)

    ID S100W7A42025-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第39期(2023/04/01-2024/03/31)

    ID S100TVP92024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第38期(2022/04/01-2023/03/31)

    ID S100R4P62023-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第37期(令和3年4月1日-令和4年3月31日)

    ID S100OGVZ2022-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第36期(令和2年4月1日-令和3年3月31日)

    ID S100LQDE2021-06-25Open

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

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