Showa ManufacturingShowa Manufacturing Co.,Ltd.5953福岡証券取引所金属製品FY ending Mar 2026, consolidated, J-GAAP

Showa Manufacturing revenue and profit

Out of every ¥100 of sales, about ¥9 is left as operating profit. Revenue changed +4.5% from the prior year, operating profit +10.7%.

Five-year trend

Revenue¥15.1B
FY ending Mar 2022: ¥10.7B¥10.7BFY ending Mar 2023: ¥12B¥12BFY ending Mar 2024: ¥13.5B¥13.5BFY ending Mar 2025: ¥14.4B¥14.4BFY ending Mar 2026: ¥15.1B¥15.1BFY22FY23FY24FY25FY26
Operating income¥1.33B
FY ending Mar 2022: -¥187M-¥187MFY ending Mar 2023: -¥63M-¥63MFY ending Mar 2024: ¥662M¥662MFY ending Mar 2025: ¥1.21B¥1.21BFY ending Mar 2026: ¥1.33B¥1.33BFY22FY23FY24FY25FY26
Operating margin8.9%
FY ending Mar 2022: -1.7%-1.7%FY ending Mar 2023: -0.5%-0.5%FY ending Mar 2024: 4.9%4.9%FY ending Mar 2025: 8.4%8.4%FY ending Mar 2026: 8.9%8.9%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin7.3%
Asset turnover0.72×
ROA5.2%
ROA5.2%
Financial leverage3.07×
ROE16.1%

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

Net margin7.3%
2023: 0.6%0.6%2024: 7.8%7.8%2025: 7.3%7.3%2026: 7.3%7.3%2223242526
Asset turnover0.72×
2023: 0.79×0.79×2024: 0.76×0.76×2025: 0.73×0.73×2026: 0.72×0.72×2223242526
ROA5.2%
2022: -0.7%-0.7%2023: 0.5%0.5%2024: 5.9%5.9%2025: 5.3%5.3%2026: 5.2%5.2%2223242526
Financial leverage3.07×
2023: 3.50×3.50×2024: 3.66×3.66×2025: 3.37×3.37×2026: 3.07×3.07×2223242526
ROE16.1%
2023: 1.8%1.8%2024: 21.5%21.5%2025: 17.9%17.9%2026: 16.1%16.1%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×-0.7%—×—
20230.6%0.79×0.5%3.50×1.8%
20247.8%0.76×5.9%3.66×21.5%
20257.3%0.73×5.3%3.37×17.9%
20267.3%0.72×5.2%3.07×16.1%

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 ÷ revenue26.5%
2021: 28.7%28.7%2022: 32.7%32.7%2023: 28.6%28.6%2024: 26.1%26.1%2025: 26.2%26.2%2026: 26.5%26.5%212223242526
PPE ÷ total assets17.8%
2021: 21.4%21.4%2022: 23.8%23.8%2023: 22.0%22.0%2024: 17.7%17.7%2025: 19.4%19.4%2026: 17.8%17.8%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¥97M
2021: ¥43M¥43M2022: ¥92M¥92M2023: ¥80M¥80M2024: ¥62M¥62M2025: ¥110M¥110M2026: ¥97M¥97M212223242526
R&D / revenue0.6%
2021: 0.4%0.4%2022: 0.9%0.9%2023: 0.7%0.7%2024: 0.5%0.5%2025: 0.8%0.8%2026: 0.6%0.6%212223242526
Receivable days—
2021: 98d98d212223242526
Payable days29d
2021: 90d90d2022: 40d40d2023: 32d32d2024: 28d28d2025: 31d31d2026: 29d29d212223242526

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
Revenue10,73512,04213,51514,42015,071
Cost of revenue8,4949,57110,20910,38310,712
Gross profit2,2402,4703,3054,0364,358
SG&A2,4282,5332,6432,8303,024
Operating income-187-636621,2051,334
Pretax income101081,1571,3421,571
Income tax10929108294473
Net income attributable to owners-99781,0481,0471,097
Operating margin-1.7%-0.5%4.9%8.4%8.9%

Balance sheet (reported items)

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

Assets

Cash 12%
Property, plant and equipment 18%
0%
Investment securities 35%
Other assets 35%

Funding

4%
Other liabilities 42%
Equity 54%

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¥2.81B¥2.35B¥3.24B¥3.38B¥2.69B
Total assets¥14.8B¥15.6B¥20B¥19.4B¥22.4B
Net assets¥5.03B¥5.63B¥8.78B¥9.31B¥12.2B
Share capital¥1.64B¥1.64B¥1.64B¥1.64B¥1.64B
Property, plant and equipment¥3.52B¥3.44B¥3.53B¥3.78B¥3.99B
Intangible assets excluding goodwill¥87M¥61M¥74M¥88M¥117M
Investment securities¥2.68B¥3.45B¥6.12B¥5.21B¥7.74B
Current assets¥8.47B¥8.64B¥10B¥9.99B¥10B
Current liabilities¥6.89B¥7.2B¥8.02B¥7.55B¥6.87B
Trade payables¥923M¥849M¥796M¥887M¥853M
Short-term borrowings¥3.05B¥3.15B¥3.15B¥3.25B¥3.08B
Long-term borrowings¥525M¥325M¥225M¥25M¥100M
Total liabilities¥9.77B¥10B¥11.2B¥10.1B¥10.2B
Equity attributable to owners of parent¥4.33B¥4.37B¥5.37B¥6.3B¥7.3B
Retained earnings¥1.59B¥1.63B¥2.64B¥3.57B¥4.57B
Treasury stock-¥130M-¥130M-¥130M-¥131M-¥132M

Sources

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

    有価証券報告書-第104期(2025/04/01-2026/03/31)

    ID S100YE8F2026-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第103期(2024/04/01-2025/03/31)

    ID S100W5OD2025-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第102期(2023/04/01-2024/03/31)

    ID S100TUG72024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第101期(2022/04/01-2023/03/31)

    ID S100R8TQ2023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第100期(令和3年4月1日-令和4年3月31日)

    ID S100OK2D2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第99期(令和2年4月1日-令和3年3月31日)

    ID S100LNWI2021-06-24Open

Extracted from XBRL: 49 / Derived from other figures: 1

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