SharpSharp Corporation6753東証プライム電気機器FY ending Mar 2026, consolidated, J-GAAP

Sharp revenue and profit

Out of every ¥100 of sales, about ¥2 is left as operating profit. Revenue changed -12.4% from the prior year, operating profit +77.6%.

Five-year trend

Revenue¥1.89T
FY ending Mar 2022: ¥2.5T¥2.5TFY ending Mar 2023: ¥2.55T¥2.55TFY ending Mar 2024: ¥2.32T¥2.32TFY ending Mar 2025: ¥2.16T¥2.16TFY ending Mar 2026: ¥1.89T¥1.89TFY22FY23FY24FY25FY26
Operating income¥48.6B
FY ending Mar 2022: ¥84.7B¥84.7BFY ending Mar 2023: -¥25.7B-¥25.7BFY ending Mar 2024: -¥20.3B-¥20.3BFY ending Mar 2025: ¥27.3B¥27.3BFY ending Mar 2026: ¥48.6B¥48.6BFY22FY23FY24FY25FY26
Operating margin2.6%
FY ending Mar 2022: 3.4%3.4%FY ending Mar 2023: -1.0%-1.0%FY ending Mar 2024: -0.9%-0.9%FY ending Mar 2025: 1.3%1.3%FY ending Mar 2026: 2.6%2.6%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin2.5%
Asset turnover1.31×
ROA3.3%
ROA3.3%
Financial leverage13.21×
ROE43.5%

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

Net margin2.5%
2022: 3.0%3.0%2025: 1.7%1.7%2026: 2.5%2.5%2223242526
Asset turnover1.31×
2022: 1.28×1.28×2025: 1.42×1.42×2026: 1.31×1.31×2223242526
ROA3.3%
2022: 3.8%3.8%2023: -14.0%-14.0%2024: -8.9%-8.9%2025: 2.4%2.4%2026: 3.3%3.3%2223242526
Financial leverage13.21×
2022: 4.40×4.40×2025: 22.29×22.29×2026: 13.21×13.21×2223242526
ROE43.5%
2022: 16.6%16.6%2025: 52.9%52.9%2026: 43.5%43.5%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.0%1.28×3.8%4.40×16.6%
2023——×-14.0%—×—
2024——×-8.9%—×—
20251.7%1.42×2.4%22.29×52.9%
20262.5%1.31×3.3%13.21×43.5%

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 ÷ revenue9.7%
2021: 18.1%18.1%2022: 16.8%16.8%2023: 15.3%15.3%2024: 12.1%12.1%2025: 9.3%9.3%2026: 9.7%9.7%212223242526
PPE ÷ total assets12.8%
2021: 22.8%22.8%2022: 21.4%21.4%2023: 22.0%22.0%2024: 17.6%17.6%2025: 13.9%13.9%2026: 12.8%12.8%212223242526
Goodwill ÷ parent equity6.9%
2022: 1.9%1.9%2023: 3.1%3.1%2024: 10.8%10.8%2025: 8.4%8.4%2026: 6.9%6.9%212223242526
Goodwill balance¥9.14B
2022: ¥8.44B¥8.44B2023: ¥6.28B¥6.28B2024: ¥5.42B¥5.42B2025: ¥7.26B¥7.26B2026: ¥9.14B¥9.14B212223242526

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¥69.2B
2021: ¥86.8B¥86.8B2022: ¥86.3B¥86.3B2023: ¥78.7B¥78.7B2024: ¥73B¥73B2025: ¥76.3B¥76.3B2026: ¥69.2B¥69.2B212223242526
R&D / revenue3.7%
2021: 3.6%3.6%2022: 3.5%3.5%2023: 3.1%3.1%2024: 3.1%3.1%2025: 3.5%3.5%2026: 3.7%3.7%212223242526
Cash conversion cycle—
2021: 51d51d212223242526
Receivable days—
2021: 69d69d212223242526
Inventory days62d
2021: 48d48d2022: 55d55d2023: 49d49d2024: 50d50d2025: 50d50d2026: 62d62d212223242526
Payable days66d
2021: 66d66d2022: 67d67d2023: 54d54d2024: 59d59d2025: 58d58d2026: 66d66d212223242526

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
Revenue2,495,5882,548,1172,321,9212,160,1461,892,811
Cost of revenue2,063,8642,217,2851,974,0321,754,4371,472,048
Gross profit431,723330,831347,888405,708420,763
SG&A347,006356,550368,232378,370372,197
Operating income84,716-25,719-20,34327,33848,565
Pretax income89,802-239,043-137,56353,63763,378
Income tax16,04522,61012,52217,87015,097
Net income attributable to owners73,991-260,840-149,98036,09547,434
Operating margin3.4%-1.0%-0.9%1.3%2.6%

Balance sheet (reported items)

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

Assets

Cash 16%
Inventories 18%
Property, plant and equipment 13%
3%
Investment securities 14%
Other assets 36%

Funding

Trade payables 19%
Other liabilities 60%
Equity 21%
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¥239.4B¥206.6B¥219.1B¥242.7B¥230.5B
Total assets¥1.96T¥1.77T¥1.59T¥1.45T¥1.43T
Net assets¥469.3B¥222.4B¥157.4B¥167.7B¥295.3B
Share capital¥5B¥5B¥5B¥5B¥5B
Inventories¥310.3B¥299.3B¥269.6B¥242.1B¥250.4B
Property, plant and equipment¥418.3B¥389.3B¥280.1B¥201.9B¥183.3B
Intangible assets excluding goodwill¥42.3B¥35.8B¥31.1B¥36.6B¥38.2B
Goodwill¥8.44B¥6.28B¥5.42B¥7.26B¥9.14B
Investment securities¥171.4B¥216.2B¥238.6B¥185.7B¥195.8B
Current assets¥1.23T¥1.09T¥990.2B¥979.8B¥949.4B
Current liabilities¥808.2B¥882.6B¥856.4B¥756.9B¥1.05T
Trade payables¥379.4B¥328.9B¥318.2B¥278.9B¥267.6B
Short-term borrowings¥54.3B¥163.9B¥116B¥111.3B¥432.3B
Long-term borrowings¥572.3B¥542.7B¥457.6B¥406.4B¥562M
Total liabilities¥1.49T¥1.55T¥1.43T¥1.29T¥1.13T
Non-controlling interests¥14.7B¥13.6B¥14.2B¥13.1B¥13.4B
Equity attributable to owners of parent¥445.1B¥200B¥50B¥86.5B¥131.7B
Retained earnings¥345.2B¥59.8B-¥90.2B-¥54.1B-¥6.65B
Treasury stock-¥13.7B-¥13.7B-¥13.4B-¥13.4B-¥13.4B

Sources

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

    有価証券報告書-第132期(2025/04/01-2026/03/31)

    ID S100YHZV2026-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第131期(2024/04/01-2025/03/31)

    ID S100W5F72025-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第130期(2023/04/01-2024/03/31)

    ID S100TXZ32024-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第129期(2022/04/01-2023/03/31)

    ID S100R5CO2023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第128期(令和3年4月1日-令和4年3月31日)

    ID S100OEYJ2022-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第127期(令和2年4月1日-令和3年3月31日)

    ID S100LV8Q2021-06-30Open

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