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Saibu GAS HoldingsSAIBU GAS HOLDINGS CO.,LTD.9536東証プライム電気・ガス業FY ending Mar 2026, consolidated, J-GAAP

Saibu GAS Holdings revenue and profit

Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed +2.9% from the prior year, operating profit +18.4%.

Five-year trend

Revenue¥261.8B
FY ending Mar 2022: ¥215.3B¥215.3BFY ending Mar 2023: ¥266.3B¥266.3BFY ending Mar 2024: ¥256.3B¥256.3BFY ending Mar 2025: ¥254.4B¥254.4BFY ending Mar 2026: ¥261.8B¥261.8BFY22FY23FY24FY25FY26
Operating income¥12.5B
FY ending Mar 2022: ¥451M¥451MFY ending Mar 2023: ¥10.8B¥10.8BFY ending Mar 2024: ¥9.67B¥9.67BFY ending Mar 2025: ¥10.5B¥10.5BFY ending Mar 2026: ¥12.5B¥12.5BFY22FY23FY24FY25FY26
Operating margin4.8%
FY ending Mar 2022: 0.2%0.2%FY ending Mar 2023: 4.1%4.1%FY ending Mar 2024: 3.8%3.8%FY ending Mar 2025: 4.1%4.1%FY ending Mar 2026: 4.8%4.8%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin2.7%
Asset turnover0.57×
ROA1.6%
ROA1.6%
Financial leverage5.24×
ROE8.2%

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

Net margin2.7%
2022: 0.2%0.2%2023: 5.0%5.0%2024: 2.4%2.4%2025: 2.5%2.5%2026: 2.7%2.7%2223242526
Asset turnover0.57×
2022: 0.54×0.54×2023: 0.66×0.66×2024: 0.61×0.61×2025: 0.58×0.58×2026: 0.57×0.57×2223242526
ROA1.6%
2022: 0.1%0.1%2023: 3.3%3.3%2024: 1.5%1.5%2025: 1.4%1.4%2026: 1.6%1.6%2223242526
Financial leverage5.24×
2022: 5.83×5.83×2023: 5.53×5.53×2024: 5.27×5.27×2025: 5.23×5.23×2026: 5.24×5.24×2223242526
ROE8.2%
2022: 0.7%0.7%2023: 18.1%18.1%2024: 7.7%7.7%2025: 7.6%7.6%2026: 8.2%8.2%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20220.2%0.54×0.1%5.83×0.7%
20235.0%0.66×3.3%5.53×18.1%
20242.4%0.61×1.5%5.27×7.7%
20252.5%0.58×1.4%5.23×7.6%
20262.7%0.57×1.6%5.24×8.2%

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 ÷ revenue89.4%
2021: 121.9%121.9%2022: 105.7%105.7%2023: 84.9%84.9%2024: 88.9%88.9%2025: 90.8%90.8%2026: 89.4%89.4%212223242526
PPE ÷ total assets50.3%
2021: 60.0%60.0%2022: 57.5%57.5%2023: 54.6%54.6%2024: 52.8%52.8%2025: 51.6%51.6%2026: 50.3%50.3%212223242526
Goodwill ÷ parent equity0.3%
2021: 0.1%0.1%2022: 0.1%0.1%2023: 0.2%0.2%2024: 0.2%0.2%2025: 0.2%0.2%2026: 0.3%0.3%212223242526
Goodwill balance¥300M
2021: ¥47M¥47M2022: ¥99M¥99M2023: ¥172M¥172M2024: ¥141M¥141M2025: ¥171M¥171M2026: ¥300M¥300M212223242526

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¥74M
2021: ¥252M¥252M2022: ¥226M¥226M2023: ¥68M¥68M2024: ¥88M¥88M2025: ¥104M¥104M2026: ¥74M¥74M212223242526
R&D / revenue0.0%
2021: 0.1%0.1%2022: 0.1%0.1%2023: 0.0%0.0%2024: 0.0%0.0%2025: 0.0%0.0%2026: 0.0%0.0%212223242526
Receivable days—
2021: 36d36d212223242526
Payable days21d
2021: 32d32d2022: 26d26d2023: 22d22d2024: 30d30d2025: 32d32d2026: 21d21d212223242526

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
Revenue215,273266,319256,328254,442261,823
Cost of revenue146,224188,102178,812177,407180,554
Gross profit69,04878,21777,51577,03581,269
SG&A—————
Operating income45110,8119,67210,53012,463
Pretax income83717,9409,58510,59312,505
Income tax-944,0372,8673,4494,994
Net income attributable to owners49513,2156,1556,3627,147
Operating margin0.2%4.1%3.8%4.1%4.8%

Balance sheet (reported items)

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

Assets

5%
Property, plant and equipment 50%
3%
Investment securities 15%
Other assets 27%

Funding

2%
Interest-bearing debt 53%
Other liabilities 18%
Equity 27%

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¥24.4B¥35.7B¥26.4B¥28.4B¥22.8B
Total assets¥395.7B¥414.3B¥431.8B¥447.8B¥465.8B
Net assets¥80.6B¥93.6B¥105.6B¥111.7B¥123.3B
Share capital¥20.6B¥20.6B¥20.6B¥20.6B¥20.6B
Property, plant and equipment¥227.6B¥226.1B¥227.9B¥231.1B¥234.2B
Intangible assets excluding goodwill¥3.31B¥3.21B¥4.27B¥6.73B¥11.6B
Goodwill¥99M¥172M¥141M¥171M¥300M
Investment securities¥39.7B¥44.2B¥55.8B¥59.4B¥72.1B
Current assets¥104.2B¥122.4B¥123.3B¥124.4B¥114.3B
Current liabilities¥103.3B¥107.2B¥108.8B¥123B¥121.7B
Trade payables¥10.2B¥11.3B¥14.8B¥15.4B¥10.3B
Short-term borrowings¥37.8B¥29.6B¥37.2B¥37B¥46B
Long-term borrowings¥131.2B¥127.6B¥120.7B¥125.5B¥134.2B
Bonds¥67.3B¥72.1B¥82B¥71.5B¥67.5B
Interest-bearing debt¥236.3Bderived¥229.3Bderived¥239.9Bderived¥233.9Bderived¥247.7Bderived
Total liabilities¥315B¥320.6B¥326.2B¥336.1B¥342.5B
Non-controlling interests¥6.3B¥6.84B¥7.22B¥7.88B¥8.09B
Equity attributable to owners of parent¥67.9B¥78.5B¥82.1B¥85.9B¥88.5B
Retained earnings¥41.9B¥52.5B¥56.1B¥59.9B¥64.4B
Treasury stock-¥371M-¥369M-¥363M-¥346M-¥2.33B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第133期(2025/04/01－2026/03/31)

    ID S100YE542026-06-19Open

  • EDINET (FSA Japan)

    有価証券報告書－第132期(2024/04/01－2025/03/31)

    ID S100W1IE2025-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第131期(2023/04/01－2024/03/31)

    ID S100TN8G2024-06-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第130期(2022/04/01－2023/03/31)

    ID S100R2WN2023-06-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第129期(令和3年4月1日－令和4年3月31日)

    ID S100OGZD2022-06-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第128期(令和2年4月1日－令和3年3月31日)

    ID S100LQI82021-06-25Open

Extracted from XBRL: 54 / Derived from other figures: 2

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