Seiryo ElectricSEIRYO ELECTRIC CORPORATION4341東証スタンダードサービス業FY ending Mar 2026, consolidated, J-GAAP

Seiryo Electric revenue and profit

Out of every ¥100 of sales, about ¥2 is left as operating profit. Revenue changed +7.1% from the prior year, operating profit +36.2%.

Five-year trend

Revenue¥20.7B
FY ending Mar 2022: ¥17.2B¥17.2BFY ending Mar 2023: ¥17B¥17BFY ending Mar 2024: ¥18.5B¥18.5BFY ending Mar 2025: ¥19.3B¥19.3BFY ending Mar 2026: ¥20.7B¥20.7BFY22FY23FY24FY25FY26
Operating income¥380M
FY ending Mar 2022: ¥276M¥276MFY ending Mar 2023: ¥10M¥10MFY ending Mar 2024: ¥195M¥195MFY ending Mar 2025: ¥279M¥279MFY ending Mar 2026: ¥380M¥380MFY22FY23FY24FY25FY26
Operating margin1.8%
FY ending Mar 2022: 1.6%1.6%FY ending Mar 2023: 0.1%0.1%FY ending Mar 2024: 1.1%1.1%FY ending Mar 2025: 1.4%1.4%FY ending Mar 2026: 1.8%1.8%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin1.2%
Asset turnover1.71×
ROA2.0%
ROA2.0%
Financial leverage2.23×
ROE4.5%

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

Net margin1.2%
2022: 1.1%1.1%2024: 1.5%1.5%2025: 0.4%0.4%2026: 1.2%1.2%2223242526
Asset turnover1.71×
2022: 1.57×1.57×2024: 1.66×1.66×2025: 1.62×1.62×2026: 1.71×1.71×2223242526
ROA2.0%
2022: 1.8%1.8%2023: -3.0%-3.0%2024: 2.5%2.5%2025: 0.7%0.7%2026: 2.0%2.0%2223242526
Financial leverage2.23×
2022: 1.97×1.97×2024: 2.11×2.11×2025: 2.20×2.20×2026: 2.23×2.23×2223242526
ROE4.5%
2022: 3.6%3.6%2024: 5.4%5.4%2025: 1.5%1.5%2026: 4.5%4.5%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20221.1%1.57×1.8%1.97×3.6%
2023——×-3.0%—×—
20241.5%1.66×2.5%2.11×5.4%
20250.4%1.62×0.7%2.20×1.5%
20261.2%1.71×2.0%2.23×4.5%

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 ÷ revenue4.0%
2021: 5.3%5.3%2022: 5.4%5.4%2023: 4.8%4.8%2024: 4.3%4.3%2025: 4.0%4.0%2026: 4.0%4.0%212223242526
PPE ÷ total assets7.0%
2021: 8.5%8.5%2022: 8.6%8.6%2023: 7.7%7.7%2024: 6.9%6.9%2025: 6.3%6.3%2026: 7.0%7.0%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¥68M
2021: ¥81M¥81M2022: ¥90M¥90M2023: ¥89M¥89M2024: ¥86M¥86M2025: ¥107M¥107M2026: ¥68M¥68M212223242526
R&D / revenue0.3%
2021: 0.4%0.4%2022: 0.5%0.5%2023: 0.5%0.5%2024: 0.5%0.5%2025: 0.6%0.6%2026: 0.3%0.3%212223242526
Receivable days—
2021: 135d135d212223242526
Payable days82d
2021: 82d82d2022: 103d103d2023: 86d86d2024: 87d87d2025: 104d104d2026: 82d82d212223242526

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
Revenue17,22217,02418,48919,29620,675
Cost of revenue12,30812,40513,57414,11814,920
Gross profit4,9144,6194,9155,1785,754
SG&A4,6384,6084,7194,8985,374
Operating income27610195279380
Pretax income30349183177453
Income tax105376-10196209
Net income attributable to owners198-32628481244
Operating margin1.6%0.1%1.1%1.4%1.8%

Balance sheet (reported items)

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

Assets

Cash 9%
7%
1%
1%
Other assets 82%

Funding

Trade payables 28%
Other liabilities 26%
Equity 46%
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¥1.28B¥975M¥1.06B¥905M¥1.12B
Total assets¥10.9B¥10.7B¥11.7B¥12.1B¥12B
Net assets¥5.56B¥5.16B¥5.48B¥5.43B¥5.53B
Share capital¥523M¥523M¥523M¥523M¥523M
Property, plant and equipment¥938M¥822M¥801M¥765M¥837M
Intangible assets excluding goodwill¥205M¥200M¥166M¥151M¥85M
Investment securities¥46M¥54M¥93M¥118M¥152M
Current assets¥8.87B¥8.74B¥9.72B¥10.5B¥10.3B
Current liabilities¥5.22B¥5.23B¥5.95B¥6.46B¥6.25B
Trade payables¥3.49B¥2.91B¥3.23B¥4.04B¥3.35B
Short-term borrowings¥200M¥1B¥1B¥900M¥900M
Total liabilities¥5.38B¥5.52B¥6.18B¥6.71B¥6.48B
Equity attributable to owners of parent¥5.56B¥5.15B¥5.43B¥5.37B¥5.44B
Retained earnings¥4.54B¥4.13B¥4.41B¥4.35B¥4.51B
Treasury stock-¥1M-¥1M-¥1M-¥1M-¥92M

Sources

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

    有価証券報告書-第60期(2025/04/01-2026/03/31)

    ID S100YFFX2026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第59期(2024/04/01-2025/03/31)

    ID S100W7OG2025-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第58期(2023/04/01-2024/03/31)

    ID S100TUKN2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第57期(2022/04/01-2023/03/31)

    ID S100R8G42023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第56期(令和3年4月1日-令和4年3月31日)

    ID S100OJU62022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第55期(令和2年4月1日-令和3年3月31日)

    ID S100LPFE2021-06-25Open

Extracted from XBRL: 50 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.