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Pola Orbis HoldingsPOLA ORBIS HOLDINGS INC.4927東証プライム化学FY ending Dec 2025, consolidated, J-GAAP

Pola Orbis Holdings revenue and profit

Out of every ¥100 of sales, about ¥9 is left as operating profit. Revenue changed -0.0% from the prior year, operating profit +13.6%.

Five-year trend

Revenue¥170.3B
FY ending Dec 2021: ¥178.6B¥178.6BFY ending Dec 2022: ¥166.3B¥166.3BFY ending Dec 2023: ¥173.3B¥173.3BFY ending Dec 2024: ¥170.4B¥170.4BFY ending Dec 2025: ¥170.3B¥170.3BFY21FY22FY23FY24FY25
Operating income¥15.7B
FY ending Dec 2021: ¥16.9B¥16.9BFY ending Dec 2022: ¥12.6B¥12.6BFY ending Dec 2023: ¥16.1B¥16.1BFY ending Dec 2024: ¥13.8B¥13.8BFY ending Dec 2025: ¥15.7B¥15.7BFY21FY22FY23FY24FY25
Operating margin9.2%
FY ending Dec 2021: 9.5%9.5%FY ending Dec 2022: 7.6%7.6%FY ending Dec 2023: 9.3%9.3%FY ending Dec 2024: 8.1%8.1%FY ending Dec 2025: 9.2%9.2%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin5.6%
Asset turnover0.86×
ROA4.8%
ROA4.8%
Financial leverage1.21×
ROE5.7%

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

Net margin5.6%
2021: 6.6%6.6%2022: 6.9%6.9%2023: 5.6%5.6%2024: 5.5%5.5%2025: 5.6%5.6%2122232425
Asset turnover0.86×
2021: 0.86×0.86×2022: 0.80×0.80×2023: 0.85×0.85×2024: 0.85×0.85×2025: 0.86×0.86×2122232425
ROA4.8%
2021: 5.6%5.6%2022: 5.5%5.5%2023: 4.7%4.7%2024: 4.6%4.6%2025: 4.8%4.8%2122232425
Financial leverage1.21×
2021: 1.21×1.21×2022: 1.21×1.21×2023: 1.20×1.20×2024: 1.20×1.20×2025: 1.21×1.21×2122232425
ROE5.7%
2021: 6.8%6.8%2022: 6.7%6.7%2023: 5.7%5.7%2024: 5.5%5.5%2025: 5.7%5.7%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20216.6%0.86×5.6%1.21×6.8%
20226.9%0.80×5.5%1.21×6.7%
20235.6%0.85×4.7%1.20×5.7%
20245.5%0.85×4.6%1.20×5.5%
20255.6%0.86×4.8%1.21×5.7%

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 ÷ revenue33.3%
2020: 23.3%23.3%2021: 22.6%22.6%2022: 26.7%26.7%2023: 31.0%31.0%2024: 33.8%33.8%2025: 33.3%33.3%202122232425
PPE ÷ total assets28.7%
2020: 20.2%20.2%2021: 19.4%19.4%2022: 21.6%21.6%2023: 26.7%26.7%2024: 28.7%28.7%2025: 28.7%28.7%202122232425
Goodwill ÷ parent equity—
2021: 1.4%1.4%202122232425
Goodwill balance—
2021: ¥2.37B¥2.37B202122232425

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¥5.1B
2020: ¥4.63B¥4.63B2021: ¥4.87B¥4.87B2022: ¥4.69B¥4.69B2023: ¥4.63B¥4.63B2024: ¥5.1B¥5.1B2025: ¥5.1B¥5.1B202122232425
R&D / revenue3.0%
2020: 2.6%2.6%2021: 2.7%2.7%2022: 2.8%2.8%2023: 2.7%2.7%2024: 3.0%3.0%2025: 3.0%3.0%202122232425
Receivable days38d
2020: 37d37d2021: 36d36d2022: 39d39d2023: 38d38d2024: 37d37d2025: 38d38d202122232425
Payable days25d
2020: 32d32d2021: 32d32d2022: 32d32d2023: 32d32d2024: 26d26d2025: 25d25d202122232425

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
Revenue178,642166,307173,304170,359170,285
Cost of revenue28,72031,03731,22731,84632,021
Gross profit149,921135,270142,076138,513138,264
SG&A133,033122,688125,996124,702122,570
Operating income16,88812,58116,08013,81015,693
Pretax income17,61212,31115,36014,64913,296
Income tax5,8218045,6275,3413,823
Net income attributable to owners11,73411,4469,6659,2869,472
Operating margin9.5%7.6%9.3%8.1%9.2%

Balance sheet (reported items)

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

Assets

Cash 31%
Receivables 9%
Property, plant and equipment 29%
6%
7%
Other assets 18%

Funding

1%
Other liabilities 17%
Equity 82%

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¥71.7B¥62.6B¥46.4B¥47.3B¥61.9B
Total assets¥208B¥205.9B¥201.2B¥200.3B¥197.9B
Net assets¥173.3B¥171.5B¥168.4B¥164.9B¥163.1B
Share capital¥10B¥10B¥10B¥10B¥10B
Trade receivables¥17.5B¥17.8B¥17.8B¥17.5B¥17.6B
Property, plant and equipment¥40.4B¥44.4B¥53.7B¥57.5B¥56.7B
Intangible assets excluding goodwill¥15.4B¥12.6B¥11.9B¥11.7B¥11.1B
Goodwill¥2.37B————
Investment securities¥12.1B¥16.2B¥17.4B¥15.4B¥14.6B
Current assets¥129.6B¥118.3B¥107.7B¥106.1B¥105.2B
Current liabilities¥25.2B¥26B¥25.6B¥27.4B¥26.3B
Trade payables¥2.51B¥2.75B¥2.75B¥2.26B¥2.21B
Long-term borrowings¥72M¥59M¥46M¥40M¥30M
Total liabilities¥34.8B¥34.5B¥32.8B¥35.4B¥34.8B
Non-controlling interests¥220M¥291M¥348M¥23M¥25M
Equity attributable to owners of parent¥172B¥170.9B¥169.1B¥166.2B¥164.2B
Retained earnings¥83.9B¥82.8B¥80.9B¥78.7B¥76.6B
Treasury stock-¥2.87B-¥2.86B-¥2.84B-¥2.92B-¥2.92B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第20期(2025/01/01－2025/12/31)

    ID S100XSDL2026-03-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第19期(2024/01/01－2024/12/31)

    ID S100VG9G2025-03-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第18期(2023/01/01－2023/12/31)

    ID S100T3O22024-03-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第17期(2022/01/01－2022/12/31)

    ID S100QGYT2023-03-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第16期(令和3年1月1日－令和3年12月31日)

    ID S100NQDT2022-03-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第15期(令和2年1月1日－令和2年12月31日)

    ID S100L0SU2021-03-25Open

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

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