Vizora日本語

Shinanen HoldingsSHINANEN HOLDINGS CO., LTD.8132東証プライム卸売業FY ending Mar 2026, consolidated, J-GAAP

Shinanen Holdings revenue and profit

Out of every ¥100 of sales, about ¥1 is left as operating profit. Revenue changed -5.8% from the prior year, operating profit +9.8%.

Five-year trend

Revenue¥298.8B
FY ending Mar 2022: ¥289.3B¥289.3BFY ending Mar 2023: ¥342.3B¥342.3BFY ending Mar 2024: ¥348.3B¥348.3BFY ending Mar 2025: ¥317.1B¥317.1BFY ending Mar 2026: ¥298.8B¥298.8BFY22FY23FY24FY25FY26
Operating income¥4.4B
FY ending Mar 2022: ¥2.48B¥2.48BFY ending Mar 2023: ¥895M¥895MFY ending Mar 2024: -¥711M-¥711MFY ending Mar 2025: ¥4.01B¥4.01BFY ending Mar 2026: ¥4.4B¥4.4BFY22FY23FY24FY25FY26
Operating margin1.5%
FY ending Mar 2022: 0.9%0.9%FY ending Mar 2023: 0.3%0.3%FY ending Mar 2024: -0.2%-0.2%FY ending Mar 2025: 1.3%1.3%FY ending Mar 2026: 1.5%1.5%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin1.5%
Asset turnover2.79×
ROA4.1%
ROA4.1%
Financial leverage1.98×
ROE8.2%

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

Net margin1.5%
2022: 0.9%0.9%2023: 0.1%0.1%2025: 1.0%1.0%2026: 1.5%1.5%2223242526
Asset turnover2.79×
2022: 2.76×2.76×2023: 3.32×3.32×2025: 2.96×2.96×2026: 2.79×2.79×2223242526
ROA4.1%
2022: 2.4%2.4%2023: 0.5%0.5%2024: -1.0%-1.0%2025: 2.9%2.9%2026: 4.1%4.1%2223242526
Financial leverage1.98×
2022: 2.01×2.01×2023: 1.98×1.98×2025: 2.09×2.09×2026: 1.98×1.98×2223242526
ROE8.2%
2022: 4.8%4.8%2023: 0.9%0.9%2025: 6.1%6.1%2026: 8.2%8.2%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20220.9%2.76×2.4%2.01×4.8%
20230.1%3.32×0.5%1.98×0.9%
2024——×-1.0%—×—
20251.0%2.96×2.9%2.09×6.1%
20261.5%2.79×4.1%1.98×8.2%

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 ÷ revenue8.7%
2021: 14.2%14.2%2022: 9.7%9.7%2023: 8.3%8.3%2024: 8.1%8.1%2025: 8.8%8.8%2026: 8.7%8.7%212223242526
PPE ÷ total assets24.0%
2021: 31.9%31.9%2022: 26.8%26.8%2023: 27.9%27.9%2024: 26.0%26.0%2025: 26.3%26.3%2026: 24.0%24.0%212223242526
Goodwill ÷ parent equity1.7%
2021: 6.9%6.9%2022: 4.6%4.6%2023: 3.3%3.3%2024: 2.9%2.9%2025: 2.3%2.3%2026: 1.7%1.7%212223242526
Goodwill balance¥975M
2021: ¥3.43B¥3.43B2022: ¥2.41B¥2.41B2023: ¥1.73B¥1.73B2024: ¥1.45B¥1.45B2025: ¥1.2B¥1.2B2026: ¥975M¥975M212223242526

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¥159M
2021: ¥186M¥186M2022: ¥291M¥291M2023: ¥170M¥170M2024: ¥182M¥182M2025: ¥147M¥147M2026: ¥159M¥159M212223242526
R&D / revenue0.1%
2021: 0.1%0.1%2022: 0.1%0.1%2023: 0.0%0.0%2024: 0.1%0.1%2025: 0.0%0.0%2026: 0.1%0.1%212223242526
Receivable days—
2021: 45d45d212223242526
Payable days37d
2021: 47d47d2022: 46d46d2023: 32d32d2024: 33d33d2025: 40d40d2026: 37d37d212223242526

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
Revenue289,340342,254348,282317,118298,752
Cost of revenue254,933308,918315,899277,940259,619
Gross profit34,40633,33632,38339,17739,132
SG&A31,92632,44033,09535,16834,729
Operating income2,480895-7114,0094,403
Pretax income4,4621,789-703,5255,683
Income tax1,9912,0469613701,244
Net income attributable to owners2,487478-1,0393,1534,435
Operating margin0.9%0.3%-0.2%1.3%1.5%

Balance sheet (reported items)

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

Assets

Cash 15%
Property, plant and equipment 24%
3%
Investment securities 12%
Other assets 46%

Funding

Trade payables 24%
Other liabilities 20%
Equity 56%
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¥9.95B¥9.93B¥11.6B¥11.7B¥16.7B
Total assets¥104.9B¥101.3B¥108.5B¥105.9B¥108.1B
Net assets¥54.4B¥53.6B¥53.3B¥55.2B¥60.1B
Share capital¥15.6B¥15.6B¥15.6B¥15.6B¥15.6B
Property, plant and equipment¥28.1B¥28.3B¥28.2B¥27.9B¥26B
Intangible assets excluding goodwill¥3.37B¥2.67B¥2.33B¥2.18B¥2.03B
Goodwill¥2.41B¥1.73B¥1.45B¥1.2B¥975M
Investment securities¥7.6B¥7.4B¥8.81B¥8.24B¥12.6B
Current assets¥61.8B¥58.8B¥65.4B¥62.9B¥62.7B
Current liabilities¥42.4B¥39.1B¥46.7B¥43.2B¥40.6B
Trade payables¥32.4B¥27.2B¥28.8B¥30.6B¥26.6B
Short-term borrowings¥964M¥2.95B¥8.74B¥2.38B¥2.33B
Long-term borrowings¥2.92B¥2.47B¥2.04B¥1.67B¥1.33B
Total liabilities¥50.5B¥47.7B¥55.2B¥50.7B¥48B
Non-controlling interests¥693M¥15M¥19M¥20M¥24M
Equity attributable to owners of parent¥52.2B¥52B¥50.1B¥52.5B¥55.8B
Retained earnings¥34.4B¥34.1B¥32.2B¥31.8B¥33B
Treasury stock-¥5.55B-¥5.47B-¥5.47B-¥2.71B-¥580M

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第92期(2025/04/01－2026/03/31)

    ID S100YGS42026-06-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第91期(2024/04/01－2025/03/31)

    ID S100W65X2025-06-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第90期(2023/04/01－2024/03/31)

    ID S100TTBB2024-06-26Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第89期(2022/04/01－2023/03/31)

    ID S100RHED2023-07-31Open

  • EDINET (FSA Japan)

    有価証券報告書－第88期(令和3年4月1日－令和4年3月31日)

    ID S100OCMF2022-06-22Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第87期(令和2年4月1日－令和3年3月31日)

    ID S100M0LX2021-07-16Open

Extracted from XBRL: 54 / 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.

Open MarkdownShare on XSave image