SaxaSAXA, Inc.6675東証スタンダード電気機器FY ending Mar 2026, consolidated, J-GAAP

Saxa revenue and profit

Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed -0.2% from the prior year, operating profit -37.3%.

Five-year trend

Revenue¥43.9B
FY ending Mar 2022: ¥30.8B¥30.8BFY ending Mar 2023: ¥37.3B¥37.3BFY ending Mar 2024: ¥40.9B¥40.9BFY ending Mar 2025: ¥44B¥44BFY ending Mar 2026: ¥43.9B¥43.9BFY22FY23FY24FY25FY26
Operating income¥2.09B
FY ending Mar 2022: ¥4M¥4MFY ending Mar 2023: ¥2.42B¥2.42BFY ending Mar 2024: ¥3.35B¥3.35BFY ending Mar 2025: ¥3.33B¥3.33BFY ending Mar 2026: ¥2.09B¥2.09BFY22FY23FY24FY25FY26
Operating margin4.8%
FY ending Mar 2022: 0.0%0.0%FY ending Mar 2023: 6.5%6.5%FY ending Mar 2024: 8.2%8.2%FY ending Mar 2025: 7.6%7.6%FY ending Mar 2026: 4.8%4.8%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin3.1%
Asset turnover0.89×
ROA2.8%
ROA2.8%
Financial leverage1.74×
ROE4.8%

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

Net margin3.1%
2022: 3.7%3.7%2023: 1.6%1.6%2024: 6.8%6.8%2025: 8.0%8.0%2026: 3.1%3.1%2223242526
Asset turnover0.89×
2022: 0.84×0.84×2023: 0.95×0.95×2024: 0.98×0.98×2025: 1.01×1.01×2026: 0.89×0.89×2223242526
ROA2.8%
2022: 3.1%3.1%2023: 1.5%1.5%2024: 6.7%6.7%2025: 8.1%8.1%2026: 2.8%2.8%2223242526
Financial leverage1.74×
2022: 1.61×1.61×2023: 1.70×1.70×2024: 1.69×1.69×2025: 1.60×1.60×2026: 1.74×1.74×2223242526
ROE4.8%
2022: 5.0%5.0%2023: 2.6%2.6%2024: 11.4%11.4%2025: 12.9%12.9%2026: 4.8%4.8%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.7%0.84×3.1%1.61×5.0%
20231.6%0.95×1.5%1.70×2.6%
20246.8%0.98×6.7%1.69×11.4%
20258.0%1.01×8.1%1.60×12.9%
20263.1%0.89×2.8%1.74×4.8%

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 ÷ revenue23.0%
2021: 22.2%22.2%2022: 25.9%25.9%2023: 20.0%20.0%2024: 18.9%18.9%2025: 20.9%20.9%2026: 23.0%23.0%212223242526
PPE ÷ total assets18.9%
2021: 22.3%22.3%2022: 21.7%21.7%2023: 17.8%17.8%2024: 18.6%18.6%2025: 20.3%20.3%2026: 18.9%18.9%212223242526
Goodwill ÷ parent equity8.9%
2026: 8.9%8.9%212223242526
Goodwill balance¥2.53B
2026: ¥2.53B¥2.53B212223242526

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¥3.52B
2021: ¥3.79B¥3.79B2022: ¥3.46B¥3.46B2023: ¥3.23B¥3.23B2024: ¥3.34B¥3.34B2025: ¥3.42B¥3.42B2026: ¥3.52B¥3.52B212223242526
R&D / revenue8.0%
2021: 10.4%10.4%2022: 11.2%11.2%2023: 8.6%8.6%2024: 8.2%8.2%2025: 7.8%7.8%2026: 8.0%8.0%212223242526
Receivable days—
2021: 87d87d212223242526
Payable days—
2021: 65d65d2022: 79d79d2023: 87d87d2024: 60d60d2025: 49d49d212223242526

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
Revenue30,79337,32040,94843,97143,900
Cost of revenue21,69825,12827,36330,55330,946
Gross profit9,09412,19213,58413,51113,153
SG&A9,0909,77610,23910,17711,063
Operating income42,4163,3453,3332,089
Pretax income9198223,6543,8511,895
Income tax-210220854349520
Net income attributable to owners1,1376012,8003,5021,375
Operating margin0.0%6.5%8.2%7.6%4.8%

Balance sheet (reported items)

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

Assets

Cash 19%
Property, plant and equipment 19%
Intangibles and goodwill 12%
7%
Other assets 43%

Funding

Other liabilities 39%
Equity 61%

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¥6.99B¥8.13B¥9.37B¥10.3B¥10.4B
Total assets¥36.8B¥41.8B¥41.5B¥45.2B¥53.5B
Net assets¥23.5B¥24.9B¥28.4B¥30.8B¥32.7B
Share capital¥10.8B¥10.8B¥10.8B¥10.8B¥10.8B
Property, plant and equipment¥7.98B¥7.45B¥7.72B¥9.17B¥10.1B
Intangible assets excluding goodwill¥1.06B¥749M¥728M¥948M¥3.59B
Goodwill————¥2.53B
Investment securities¥4.03B¥5.1B¥4.49B¥2.93B¥3.89B
Current assets¥22.3B¥26.9B¥27.1B¥29.5B¥30.1B
Current liabilities¥9.14B¥13.6B¥11.2B¥11.6B¥17.3B
Trade payables¥4.68B¥6.02B¥4.46B¥4.09B—
Short-term borrowings¥1.34B¥2.09B¥773M¥1.21B¥5.9B
Long-term borrowings¥1.52B¥1.02B¥630M¥1.54B¥719M
Total liabilities¥13.3B¥16.9B¥13.1B¥14.4B¥20.8B
Equity attributable to owners of parent¥22.9B¥23.3B¥25.8B¥28.5B¥28.3B
Retained earnings¥7.39B¥7.83B¥10.4B¥13.1B¥12.9B
Treasury stock-¥1.25B-¥1.25B-¥1.3B-¥1.38B-¥1.32B

Sources

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

    有価証券報告書-第23期(2025/04/01-2026/03/31)

    ID S100YJLC2026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第22期(2024/04/01-2025/03/31)

    ID S100W1H62025-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第21期(2023/04/01-2024/03/31)

    ID S100TSFA2024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第20期(2022/04/01-2023/03/31)

    ID S100R3Y62023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第19期(令和3年4月1日-令和4年3月31日)

    ID S100OFA12022-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第18期(令和2年4月1日-令和3年3月31日)

    ID S100LSQ92021-06-29Open

Extracted from XBRL: 51 / Derived from other figures: 1

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