Sukegawa ElectricSUKEGAWA ELECTRIC CO.,LTD7711東証スタンダード精密機器FY ending Sep 2025, non-consolidated, J-GAAP

Sukegawa Electric revenue and profit

Out of every ¥100 of sales, about ¥21 is left as operating profit. Revenue changed +10.1% from the prior year, operating profit +27.1%.

Five-year trend

Revenue¥5.47B
FY ending Sep 2021: ¥3.7B¥3.7BFY ending Sep 2022: ¥4.33B¥4.33BFY ending Sep 2023: ¥4.58B¥4.58BFY ending Sep 2024: ¥4.96B¥4.96BFY ending Sep 2025: ¥5.47B¥5.47BFY21FY22FY23FY24FY25
Operating income¥1.17B
FY ending Sep 2021: ¥292.5M¥292.5MFY ending Sep 2022: ¥445.2M¥445.2MFY ending Sep 2023: ¥589.8M¥589.8MFY ending Sep 2024: ¥916.4M¥916.4MFY ending Sep 2025: ¥1.17B¥1.17BFY21FY22FY23FY24FY25
Operating margin21.3%
FY ending Sep 2021: 7.9%7.9%FY ending Sep 2022: 10.3%10.3%FY ending Sep 2023: 12.9%12.9%FY ending Sep 2024: 18.5%18.5%FY ending Sep 2025: 21.3%21.3%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin14.5%
Asset turnover0.75×
ROA10.9%
ROA10.9%
Financial leverage1.76×
ROE19.2%

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

Net margin14.5%
2021: 5.4%5.4%2022: 7.5%7.5%2023: 8.7%8.7%2024: 12.8%12.8%2025: 14.5%14.5%2122232425
Asset turnover0.75×
2021: 0.58×0.58×2022: 0.66×0.66×2023: 0.70×0.70×2024: 0.74×0.74×2025: 0.75×0.75×2122232425
ROA10.9%
2021: 3.1%3.1%2022: 5.0%5.0%2023: 6.1%6.1%2024: 9.5%9.5%2025: 10.9%10.9%2122232425
Financial leverage1.76×
2021: 1.87×1.87×2022: 1.86×1.86×2023: 1.87×1.87×2024: 1.86×1.86×2025: 1.76×1.76×2122232425
ROE19.2%
2021: 5.8%5.8%2022: 9.3%9.3%2023: 11.4%11.4%2024: 17.7%17.7%2025: 19.2%19.2%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20215.4%0.58×3.1%1.87×5.8%
20227.5%0.66×5.0%1.86×9.3%
20238.7%0.70×6.1%1.87×11.4%
202412.8%0.74×9.5%1.86×17.7%
202514.5%0.75×10.9%1.76×19.2%

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 ÷ revenue29.5%
2020: 57.6%57.6%2021: 48.7%48.7%2022: 41.3%41.3%2023: 37.8%37.8%2024: 32.4%32.4%2025: 29.5%29.5%202122232425
PPE ÷ total assets21.4%
2020: 29.9%29.9%2021: 28.2%28.2%2022: 26.8%26.8%2023: 27.2%27.2%2024: 22.9%22.9%2025: 21.4%21.4%202122232425

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¥86.2M
2020: ¥81.2M¥81.2M2021: ¥91.1M¥91.1M2022: ¥93.9M¥93.9M2023: ¥115.2M¥115.2M2024: ¥149.3M¥149.3M2025: ¥86.2M¥86.2M202122232425
R&D / revenue1.6%
2020: 2.6%2.6%2021: 2.5%2.5%2022: 2.2%2.2%2023: 2.5%2.5%2024: 3.0%3.0%2025: 1.6%1.6%202122232425

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 Sep 2021FY ending Sep 2022FY ending Sep 2023FY ending Sep 2024FY ending Sep 2025
Revenue3,6984,3324,5774,9655,468
Cost of revenue2,7573,1873,1823,2033,481
Gross profit9411,1461,3951,7621,987
SG&A649700805846822
Operating income2934455909161,165
Pretax income2894695648931,138
Income tax89143166255344
Net income attributable to owners199325398638794
Operating margin7.9%10.3%12.9%18.5%21.3%

Balance sheet (reported items)

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

Assets

7%
Property, plant and equipment 21%
0%
Investment securities 12%
Other assets 60%

Funding

Other liabilities 35%
Equity 65%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Sep 2021FY ending Sep 2022FY ending Sep 2023FY ending Sep 2024FY ending Sep 2025
Cash and equivalents¥998.8M¥1.17B¥453.7M¥229.7M¥513.5M
Total assets¥6.38B¥6.67B¥6.35B¥7.04B¥7.55B
Net assets¥3.5B¥3.64B¥3.52B¥4.22B¥4.89B
Share capital¥921.1M¥921.1M¥921.1M¥921.1M¥921.1M
Property, plant and equipment¥1.8B¥1.79B¥1.73B¥1.61B¥1.61B
Intangible assets excluding goodwill¥53.3M¥45.1M¥36.2M¥31.9M¥3.2M
Investment securities¥467.9M¥395.6M¥471.1M¥803M¥920M
Current assets¥3.68B¥4.07B¥3.83B¥4.41B¥4.69B
Current liabilities¥1.64B¥1.98B¥1.77B¥1.61B¥1.96B
Short-term borrowings¥690M¥690M¥590M¥190M¥190M
Bonds¥716M¥488M¥620M¥792M¥260M
Total liabilities¥2.88B¥3.03B¥2.83B¥2.82B¥2.66B
Equity attributable to owners of parent¥3.41B¥3.59B¥3.37B¥3.84B¥4.43B
Retained earnings¥1.84B¥2.01B¥2.25B¥2.72B¥3.32B
Treasury stock-¥923K-¥969K-¥457.3M-¥457.3M-¥457.5M

Sources

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

    有価証券報告書-第88期(2024/10/01-2025/09/30)

    ID S100XAGE2025-12-15Open
  • EDINET (FSA Japan)

    有価証券報告書-第87期(2023/10/01-2024/09/30)

    ID S100UZ9L2024-12-20Open
  • EDINET (FSA Japan)

    有価証券報告書-第86期(2022/10/01-2023/09/30)

    ID S100SIL42023-12-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第85期(令和3年10月1日-令和4年9月30日)

    ID S100PU5E2022-12-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第84期(令和2年10月1日-令和3年9月30日)

    ID S100N2TA2021-12-17Open
  • EDINET (FSA Japan)

    有価証券報告書-第83期(令和1年10月1日-令和2年9月30日)

    ID S100KE3E2020-12-18Open

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

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