SuzudenSUZUDEN CORPORATION7480東証スタンダード卸売業FY ending Mar 2026, consolidated, J-GAAP

Suzuden revenue and profit

Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed -1.6% from the prior year, operating profit -14.5%.

Five-year trend

Revenue¥45.9B
FY ending Mar 2022: ¥59.7B¥59.7BFY ending Mar 2023: ¥67.4B¥67.4BFY ending Mar 2024: ¥50.9B¥50.9BFY ending Mar 2025: ¥46.6B¥46.6BFY ending Mar 2026: ¥45.9B¥45.9BFY22FY23FY24FY25FY26
Operating income¥2.07B
FY ending Mar 2022: ¥3.05B¥3.05BFY ending Mar 2023: ¥4.4B¥4.4BFY ending Mar 2024: ¥2.79B¥2.79BFY ending Mar 2025: ¥2.42B¥2.42BFY ending Mar 2026: ¥2.07B¥2.07BFY22FY23FY24FY25FY26
Operating margin4.5%
FY ending Mar 2022: 5.1%5.1%FY ending Mar 2023: 6.5%6.5%FY ending Mar 2024: 5.5%5.5%FY ending Mar 2025: 5.2%5.2%FY ending Mar 2026: 4.5%4.5%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin3.8%
Asset turnover1.60×
ROA6.0%
ROA6.0%
Financial leverage1.63×
ROE9.8%

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

Net margin3.8%
2022: 3.9%3.9%2023: 4.9%4.9%2024: 4.1%4.1%2025: 3.8%3.8%2026: 3.8%3.8%2223242526
Asset turnover1.60×
2022: 1.82×1.82×2023: 2.04×2.04×2024: 1.65×1.65×2025: 1.62×1.62×2026: 1.60×1.60×2223242526
ROA6.0%
2022: 7.2%7.2%2023: 10.0%10.0%2024: 6.8%6.8%2025: 6.2%6.2%2026: 6.0%6.0%2223242526
Financial leverage1.63×
2022: 1.87×1.87×2023: 1.84×1.84×2024: 1.68×1.68×2025: 1.56×1.56×2026: 1.63×1.63×2223242526
ROE9.8%
2022: 13.3%13.3%2023: 18.4%18.4%2024: 11.4%11.4%2025: 9.7%9.7%2026: 9.8%9.8%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.9%1.82×7.2%1.87×13.3%
20234.9%2.04×10.0%1.84×18.4%
20244.1%1.65×6.8%1.68×11.4%
20253.8%1.62×6.2%1.56×9.7%
20263.8%1.60×6.0%1.63×9.8%

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 ÷ revenue9.3%
2021: 7.9%7.9%2022: 7.5%7.5%2023: 6.9%6.9%2024: 9.0%9.0%2025: 9.6%9.6%2026: 9.3%9.3%212223242526
PPE ÷ total assets15.1%
2021: 13.6%13.6%2022: 13.7%13.7%2023: 14.0%14.0%2024: 16.2%16.2%2025: 15.3%15.3%2026: 15.1%15.1%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.

Receivable days—
2021: 76d76d212223242526
Inventory days37d
2023: 26d26d2024: 30d30d2025: 34d34d2026: 37d37d212223242526
Payable days50d
2021: 44d44d2022: 45d45d2023: 36d36d2024: 28d28d2025: 35d35d2026: 50d50d212223242526

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
Revenue59,69167,44050,93046,63245,902
Cost of revenue50,55356,63342,69438,82438,426
Gross profit9,13810,8078,2357,8077,476
SG&A6,0866,4085,4495,3845,404
Operating income3,0524,3992,7872,4232,072
Pretax income3,4434,7753,1132,6882,563
Income tax1,1011,4661,021898840
Net income attributable to owners2,3423,3092,0921,7901,723
Operating margin5.1%6.5%5.5%5.2%4.5%

Balance sheet (reported items)

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

Assets

Cash 24%
Inventories 14%
Property, plant and equipment 15%
0%
1%
Other assets 46%

Funding

Trade payables 19%
Other liabilities 22%
Equity 59%

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¥6.14B¥6.07B¥6.16B¥8.12B¥6.82B
Total assets¥32.7B¥33.4B¥28.3B¥29.1B¥28.4B
Net assets¥17.6B¥18.6B¥18.5B¥18.7B¥16.8B
Share capital¥1.82B¥1.82B¥1.82B¥1.82B¥1.82B
Inventories—¥4.05B¥3.55B¥3.6B¥3.87B
Property, plant and equipment¥4.47B¥4.66B¥4.57B¥4.46B¥4.27B
Intangible assets excluding goodwill¥113.8M¥163M¥161.3M¥128.7M¥103M
Investment securities¥394.8M¥551.5M¥573.7M¥424.5M¥356.6M
Current assets¥26.9B¥27.2B¥22.3B¥23.4B¥22.9B
Current liabilities¥13.9B¥13.3B¥8.03B¥9.08B¥10.5B
Trade payables¥6.2B¥5.57B¥3.31B¥3.75B¥5.24B
Short-term borrowings¥2B¥2B——¥1B
Long-term borrowings—¥325M¥637M¥201M¥25M
Total liabilities¥15.1B¥14.8B¥9.83B¥10.4B¥11.6B
Equity attributable to owners of parent¥17.6B¥18.5B¥18.2B¥18.6B¥16.6B
Retained earnings¥14.8B¥15.6B¥15.4B¥15.7B¥14.2B
Treasury stock-¥586.7M-¥565.1M-¥543.9M-¥664.6M-¥894.4M

Sources

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

    有価証券報告書-第74期(2025/04/01-2026/03/31)

    ID S100YG542026-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第73期(2024/04/01-2025/03/31)

    ID S100W1NW2025-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第72期(2023/04/01-2024/03/31)

    ID S100TQR22024-06-25Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第71期(2022/04/01-2023/03/31)

    ID S100RWBG2023-09-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第70期(令和3年4月1日-令和4年3月31日)

    ID S100OKEJ2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書

    ID S100LS1X2021-06-28Open

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

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