Prima Meat PackersPrima Meat Packers, Ltd.2281東証プライム食料品FY ending Mar 2026, consolidated, J-GAAP

Prima Meat Packers revenue and profit

Out of every ¥100 of sales, about ¥2 is left as operating profit. Revenue changed +3.8% from the prior year, operating profit +2.0%.

Five-year trend

Revenue¥475.6B
FY ending Mar 2022: ¥420.7B¥420.7BFY ending Mar 2023: ¥430.7B¥430.7BFY ending Mar 2024: ¥448.4B¥448.4BFY ending Mar 2025: ¥458.4B¥458.4BFY ending Mar 2026: ¥475.6B¥475.6BFY22FY23FY24FY25FY26
Operating income¥9.13B
FY ending Mar 2022: ¥14B¥14BFY ending Mar 2023: ¥9.72B¥9.72BFY ending Mar 2024: ¥11.8B¥11.8BFY ending Mar 2025: ¥8.95B¥8.95BFY ending Mar 2026: ¥9.13B¥9.13BFY22FY23FY24FY25FY26
Operating margin1.9%
FY ending Mar 2022: 3.3%3.3%FY ending Mar 2023: 2.3%2.3%FY ending Mar 2024: 2.6%2.6%FY ending Mar 2025: 2.0%2.0%FY ending Mar 2026: 1.9%1.9%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin1.0%
Asset turnover1.98×
ROA1.9%
ROA1.9%
Financial leverage2.16×
ROE4.1%

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

Net margin1.0%
2022: 2.3%2.3%2023: 1.0%1.0%2024: 1.7%1.7%2025: 1.5%1.5%2026: 1.0%1.0%2223242526
Asset turnover1.98×
2022: 1.90×1.90×2023: 1.91×1.91×2024: 1.89×1.89×2025: 1.89×1.89×2026: 1.98×1.98×2223242526
ROA1.9%
2022: 4.4%4.4%2023: 2.0%2.0%2024: 3.2%3.2%2025: 2.9%2.9%2026: 1.9%1.9%2223242526
Financial leverage2.16×
2022: 2.16×2.16×2023: 2.18×2.18×2024: 2.24×2.24×2025: 2.21×2.21×2026: 2.16×2.16×2223242526
ROE4.1%
2022: 9.5%9.5%2023: 4.4%4.4%2024: 7.1%7.1%2025: 6.5%6.5%2026: 4.1%4.1%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20222.3%1.90×4.4%2.16×9.5%
20231.0%1.91×2.0%2.18×4.4%
20241.7%1.89×3.2%2.24×7.1%
20251.5%1.89×2.9%2.21×6.5%
20261.0%1.98×1.9%2.16×4.1%

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 ÷ revenue19.8%
2021: 21.0%21.0%2022: 23.1%23.1%2023: 23.8%23.8%2024: 22.1%22.1%2025: 21.2%21.2%2026: 19.8%19.8%212223242526
PPE ÷ total assets39.0%
2021: 42.4%42.4%2022: 43.8%43.8%2023: 44.5%44.5%2024: 40.4%40.4%2025: 40.5%40.5%2026: 39.0%39.0%212223242526
Goodwill ÷ parent equity—
2021: 0.3%0.3%2022: 2.4%2.4%2023: 1.4%1.4%2024: 1.3%1.3%2025: 0.3%0.3%212223242526
Goodwill balance—
2021: ¥259M¥259M2022: ¥2.47B¥2.47B2023: ¥1.51B¥1.51B2024: ¥1.44B¥1.44B2025: ¥375M¥375M212223242526

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¥391M
2021: ¥381M¥381M2022: ¥335M¥335M2023: ¥389M¥389M2024: ¥366M¥366M2025: ¥365M¥365M2026: ¥391M¥391M212223242526
R&D / revenue0.1%
2021: 0.1%0.1%2022: 0.1%0.1%2023: 0.1%0.1%2024: 0.1%0.1%2025: 0.1%0.1%2026: 0.1%0.1%212223242526
Receivable days38d
2021: 37d37d2022: 38d38d2023: 39d39d2024: 43d43d2025: 39d39d2026: 38d38d212223242526
Payable days50d
2021: 49d49d2022: 49d49d2023: 47d47d2024: 54d54d2025: 51d51d2026: 50d50d212223242526

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
Revenue420,717430,740448,429458,354475,574
Cost of revenue367,971382,986398,289409,868422,998
Gross profit52,74547,75350,14048,48652,575
SG&A38,70838,02838,32039,53743,444
Operating income14,0379,72511,8208,9489,131
Pretax income15,1065,90013,42710,9218,673
Income tax4,2342,0565,0533,7886,259
Net income attributable to owners9,7184,5057,4897,0764,587
Operating margin3.3%2.3%2.6%2.0%1.9%

Balance sheet (reported items)

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

Assets

3%
Receivables 20%
Property, plant and equipment 39%
Intangibles and goodwill 9%
2%
Other assets 27%

Funding

Trade payables 24%
Other liabilities 22%
Equity 54%
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¥16.2B¥14.1B¥9.77B¥6.27B¥5.92B
Total assets¥221.7B¥229.9B¥244.8B¥239.6B¥241.3B
Net assets¥122.6B¥123.2B¥130.2B¥130.2B¥130.5B
Share capital¥7.91B¥7.91B¥7.91B¥7.91B¥7.91B
Trade receivables¥44.1B¥46.5B¥52.6B¥48.4B¥49.3B
Property, plant and equipment¥97.2B¥102.3B¥99B¥97B¥94.2B
Intangible assets excluding goodwill¥4.85B¥7.31B¥12.4B¥14.2B¥22.1B
Goodwill¥2.47B¥1.51B¥1.44B¥375M—
Investment securities¥5.69B¥6.15B¥8.86B¥9.28B¥3.9B
Current assets¥95.8B¥95.3B¥103.2B¥99.6B¥103.7B
Current liabilities¥71.7B¥74.9B¥85.2B¥81.7B¥85.3B
Trade payables¥49.6B¥49.3B¥58.9B¥57.2B¥57.5B
Short-term borrowings¥278M¥323M¥362M¥234M¥155M
Long-term borrowings¥14.9B¥19.8B¥16B¥15.9B¥14.1B
Total liabilities¥99.2B¥106.7B¥114.6B¥109.4B¥110.7B
Non-controlling interests¥10.7B¥10B¥10.9B¥10.8B¥8.6B
Equity attributable to owners of parent¥102.8B¥104B¥108.3B¥111.1B¥111.7B
Retained earnings¥85.1B¥86.3B¥90.6B¥93.4B¥93.9B
Treasury stock-¥409M-¥405M-¥397M-¥372M-¥374M

Sources

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

    有価証券報告書-第79期(2025/04/01-2026/03/31)

    ID S100YDH82026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第78期(2024/04/01-2025/03/31)

    ID S100W0KK2025-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第77期(2023/04/01-2024/03/31)

    ID S100TRK62024-06-26Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第76期(2022/04/01-2023/03/31)

    ID S100RK4C2023-08-09Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第75期(令和3年4月1日-令和4年3月31日)

    ID S100P4G52022-09-09Open
  • EDINET (FSA Japan)

    有価証券報告書-第74期(令和2年4月1日-令和3年3月31日)

    ID S100LUIO2021-06-29Open

Extracted from XBRL: 54 / Derived from other figures: 1

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