Shin Nippon Biomedical LaboratoriesSHIN NIPPON BIOMEDICAL LABORATORIES, LTD.2395東証プライムサービス業FY ending Mar 2026, consolidated, J-GAAP

Shin Nippon Biomedical Laboratories revenue and profit

Out of every ¥100 of sales, about ¥8 is left as operating profit. Revenue changed +0.3% from the prior year, operating profit -11.1%.

Five-year trend

Revenue¥32.5B
FY ending Mar 2022: ¥17.7B¥17.7BFY ending Mar 2023: ¥25.1B¥25.1BFY ending Mar 2024: ¥26.5B¥26.5BFY ending Mar 2025: ¥32.4B¥32.4BFY ending Mar 2026: ¥32.5B¥32.5BFY22FY23FY24FY25FY26
Operating income¥2.65B
FY ending Mar 2022: ¥4.2B¥4.2BFY ending Mar 2023: ¥5.25B¥5.25BFY ending Mar 2024: ¥4.16B¥4.16BFY ending Mar 2025: ¥2.99B¥2.99BFY ending Mar 2026: ¥2.65B¥2.65BFY22FY23FY24FY25FY26
Operating margin8.2%
FY ending Mar 2022: 23.6%23.6%FY ending Mar 2023: 20.9%20.9%FY ending Mar 2024: 15.7%15.7%FY ending Mar 2025: 9.2%9.2%FY ending Mar 2026: 8.2%8.2%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin14.0%
Asset turnover0.33×
ROA4.6%
ROA4.6%
Financial leverage2.96×
ROE13.7%

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

Net margin14.0%
2022: 40.2%40.2%2023: 24.2%24.2%2024: 20.9%20.9%2025: 15.2%15.2%2026: 14.0%14.0%2223242526
Asset turnover0.33×
2022: 0.45×0.45×2023: 0.52×0.52×2024: 0.40×0.40×2025: 0.38×0.38×2026: 0.33×0.33×2223242526
ROA4.6%
2022: 18.1%18.1%2023: 12.6%12.6%2024: 8.3%8.3%2025: 5.8%5.8%2026: 4.6%4.6%2223242526
Financial leverage2.96×
2022: 1.77×1.77×2023: 2.01×2.01×2024: 2.43×2.43×2025: 2.75×2.75×2026: 2.96×2.96×2223242526
ROE13.7%
2022: 32.1%32.1%2023: 25.3%25.3%2024: 20.1%20.1%2025: 16.0%16.0%2026: 13.7%13.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202240.2%0.45×18.1%1.77×32.1%
202324.2%0.52×12.6%2.01×25.3%
202420.9%0.40×8.3%2.43×20.1%
202515.2%0.38×5.8%2.75×16.0%
202614.0%0.33×4.6%2.96×13.7%

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 ÷ revenue111.3%
2021: 85.4%85.4%2022: 74.1%74.1%2023: 75.2%75.2%2024: 99.6%99.6%2025: 107.5%107.5%2026: 111.3%111.3%212223242526
PPE ÷ total assets34.5%
2021: 34.9%34.9%2022: 33.5%33.5%2023: 33.0%33.0%2024: 34.5%34.5%2025: 37.7%37.7%2026: 34.5%34.5%212223242526
Goodwill ÷ parent equity5.1%
2023: 5.6%5.6%2024: 6.6%6.6%2025: 5.9%5.9%2026: 5.1%5.1%212223242526
Goodwill balance¥1.76B
2023: ¥1.44B¥1.44B2024: ¥1.93B¥1.93B2025: ¥1.88B¥1.88B2026: ¥1.76B¥1.76B212223242526

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¥2.4B
2021: ¥392.2M¥392.2M2022: ¥425.1M¥425.1M2023: ¥683.1M¥683.1M2024: ¥1.74B¥1.74B2025: ¥2.22B¥2.22B2026: ¥2.4B¥2.4B212223242526
R&D / revenue7.4%
2021: 2.6%2.6%2022: 2.4%2.4%2023: 2.7%2.7%2024: 6.6%6.6%2025: 6.8%6.8%2026: 7.4%7.4%212223242526
Receivable days—
2021: 71d71d212223242526
Inventory days339d
2021: 197d197d2022: 197d197d2023: 222d222d2024: 371d371d2025: 298d298d2026: 339d339d212223242526
Payable days9d
2023: 13d13d2024: 14d14d2025: 11d11d2026: 9d9d212223242526

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
Revenue17,74825,09126,45032,41432,525
Cost of revenue8,06112,04412,16815,45316,286
Gross profit9,68713,04714,28316,96116,239
SG&A5,4927,80110,12013,97613,585
Operating income4,1965,2454,1622,9852,654
Pretax income8,1837,7606,9746,0136,248
Income tax1,0161,7091,4571,1491,713
Net income attributable to owners7,1286,0605,5314,9254,567
Operating margin23.6%20.9%15.7%9.2%8.2%

Balance sheet (reported items)

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

Assets

Cash 18%
Inventories 14%
Property, plant and equipment 34%
4%
Investment securities 20%
Other assets 10%

Funding

0%
Other liabilities 58%
Equity 42%

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¥4.55B¥9.2B¥10.3B¥11.8B¥18.4B
Total assets¥39.3B¥57.2B¥76.3B¥92.4B¥105.1B
Net assets¥19.7B¥26.4B¥34.2B¥40.1B¥43.5B
Share capital¥9.68B¥9.68B¥9.68B¥9.68B¥9.68B
Inventories¥4.36B¥7.33B¥12.4B¥12.6B¥15.1B
Property, plant and equipment¥13.2B¥18.9B¥26.4B¥34.8B¥36.2B
Intangible assets excluding goodwill¥212.3M¥1.7B¥2.16B¥2.1B¥2.12B
Goodwill—¥1.44B¥1.93B¥1.88B¥1.76B
Investment securities¥7.08B¥12B¥15.2B¥19.8B¥21.4B
Current assets¥16.1B¥23.9B¥30.8B¥32.9B¥43B
Current liabilities¥13.4B¥21B¥23.6B¥29.3B¥39.3B
Trade payables—¥419.8M¥460.5M¥460.9M¥406.9M
Short-term borrowings¥2.94B¥8.92B¥7.83B¥11.8B¥19.7B
Long-term borrowings¥5.81B¥9.48B¥18.1B¥22.3B¥21.1B
Total liabilities¥19.6B¥30.9B¥42.1B¥52.3B¥61.6B
Non-controlling interests¥162M¥147.2M¥46.2M¥62.9M¥368.5M
Equity attributable to owners of parent¥22.2B¥25.8B¥29.3B¥32.1B¥34.6B
Retained earnings¥10.2B¥13.8B¥17.2B¥20.1B¥22.6B
Treasury stock-¥247K-¥420K-¥420K-¥745K-¥780K

Sources

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

    有価証券報告書-第53期(2025/04/01-2026/03/31)

    ID S100YK732026-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第52期(2024/04/01-2025/03/31)

    ID S100W81X2025-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第51期(2023/04/01-2024/03/31)

    ID S100TS9X2024-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第50期(2022/04/01-2023/03/31)

    ID S100R8752023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第49期(令和3年4月1日-令和4年3月31日)

    ID S100OK5K2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第48期(令和2年4月1日-令和3年3月31日)

    ID S100LVCO2021-06-30Open

Extracted from XBRL: 55 / Derived from other figures: 1

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