Shinto PaintSHINTO PAINT COMPANY, LIMITED4615東証スタンダード化学FY ending Mar 2026, consolidated, J-GAAP

Shinto Paint revenue and profit

Out of every ¥100 of sales, about ¥1 is left as operating profit. Revenue changed +3.5% from the prior year, operating profit +10.9%.

Five-year trend

Revenue¥21.5B
FY ending Mar 2022: ¥19.1B¥19.1BFY ending Mar 2023: ¥19B¥19BFY ending Mar 2024: ¥19B¥19BFY ending Mar 2025: ¥20.8B¥20.8BFY ending Mar 2026: ¥21.5B¥21.5BFY22FY23FY24FY25FY26
Operating income¥255M
FY ending Mar 2022: -¥343M-¥343MFY ending Mar 2023: -¥1.2B-¥1.2BFY ending Mar 2024: -¥479M-¥479MFY ending Mar 2025: ¥230M¥230MFY ending Mar 2026: ¥255M¥255MFY22FY23FY24FY25FY26
Operating margin1.2%
FY ending Mar 2022: -1.8%-1.8%FY ending Mar 2023: -6.3%-6.3%FY ending Mar 2024: -2.5%-2.5%FY ending Mar 2025: 1.1%1.1%FY ending Mar 2026: 1.2%1.2%FY22FY23FY24FY25FY26

What drives ROE

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

ROA-1.9%
2022: -5.6%-5.6%2023: -5.4%-5.4%2024: -1.5%-1.5%2025: -0.2%-0.2%2026: -1.9%-1.9%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×-5.6%—×—
2023——×-5.4%—×—
2024——×-1.5%—×—
2025——×-0.2%—×—
2026——×-1.9%—×—

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 ÷ revenue75.3%
2021: 88.8%88.8%2022: 92.3%92.3%2023: 90.0%90.0%2024: 89.3%89.3%2025: 81.3%81.3%2026: 75.3%75.3%212223242526
PPE ÷ total assets51.9%
2021: 53.2%53.2%2022: 54.1%54.1%2023: 50.6%50.6%2024: 51.2%51.2%2025: 52.7%52.7%2026: 51.9%51.9%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¥93M
2021: ¥219M¥219M2022: ¥206M¥206M2023: ¥163M¥163M2024: ¥144M¥144M2025: ¥121M¥121M2026: ¥93M¥93M212223242526
R&D / revenue0.4%
2021: 1.1%1.1%2022: 1.1%1.1%2023: 0.9%0.9%2024: 0.8%0.8%2025: 0.6%0.6%2026: 0.4%0.4%212223242526
Receivable days—
2021: 97d97d212223242526
Payable days76d
2021: 88d88d2022: 99d99d2023: 95d95d2024: 97d97d2025: 86d86d2026: 76d76d212223242526

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
Revenue19,13619,03818,95420,75821,481
Cost of revenue15,77816,73316,01317,10217,859
Gross profit3,3572,3042,9403,6553,622
SG&A3,7003,5083,4193,4253,367
Operating income-343-1,203-479230255
Pretax income-999-1,665-335222-213
Income tax76488100164227
Net income attributable to owners-1,825-1,806-497-59-593
Operating margin-1.8%-6.3%-2.5%1.1%1.2%

Balance sheet (reported items)

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

Assets

Cash 10%
Property, plant and equipment 52%
0%
Investment securities 9%
Other assets 29%

Funding

Trade payables 12%
Other liabilities 42%
Equity 46%

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¥2.69B¥4.44B¥3.43B¥2.69B¥3.02B
Total assets¥32.6B¥33.9B¥33B¥32B¥31.2B
Net assets¥16.2B¥14.4B¥14.2B¥14.6B¥14.2B
Share capital¥2.25B¥2.25B¥2.25B¥2.45B¥2.45B
Property, plant and equipment¥17.7B¥17.1B¥16.9B¥16.9B¥16.2B
Intangible assets excluding goodwill¥239M¥186M¥165M¥126M¥92M
Investment securities¥1.96B¥2.11B¥2.59B¥2.73B¥2.9B
Current assets¥12.6B¥14.2B¥13.2B¥12.1B¥11.9B
Current liabilities¥8.95B¥9.95B¥9.85B¥11.6B¥11.1B
Trade payables¥4.28B¥4.36B¥4.26B¥4.04B¥3.74B
Short-term borrowings¥2.38B¥2.73B¥2.63B¥4.99B¥5.07B
Long-term borrowings¥1.19B¥3.49B¥3.11B¥40M¥31M
Total liabilities¥16.5B¥19.5B¥18.8B¥17.4B¥17B
Non-controlling interests¥863M¥887M¥933M¥1.02B¥1.13B
Equity attributable to owners of parent¥6.44B¥4.55B¥4.06B¥4.38B¥3.79B
Retained earnings¥3.6B¥1.72B¥1.22B¥1.16B¥566M
Treasury stock-¥4M-¥4M-¥4M-¥4M-¥4M

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 S100YD502026-06-19Open
  • EDINET (FSA Japan)

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

    ID S100XY8R2026-04-13Open
  • EDINET (FSA Japan)

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

    ID S100TTUK2024-06-28Open
  • EDINET (FSA Japan)

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

    ID S100RAWK2023-06-30Open
  • 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 S100OCPB2022-06-22Open
  • 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 S100LM1Z2021-06-22Open

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

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