Vizora日本語

Taiyo HoldingsTAIYO HOLDINGS CO., LTD.4626東証プライム化学FY ending Mar 2026, consolidated, J-GAAP

Taiyo Holdings revenue and profit

Out of every ¥100 of sales, about ¥24 is left as operating profit. Revenue changed +15.8% from the prior year, operating profit +47.4%.

Five-year trend

Revenue¥137.9B
FY ending Mar 2022: ¥98B¥98BFY ending Mar 2023: ¥97.3B¥97.3BFY ending Mar 2024: ¥104.8B¥104.8BFY ending Mar 2025: ¥119B¥119BFY ending Mar 2026: ¥137.9B¥137.9BFY22FY23FY24FY25FY26
Operating income¥32.5B
FY ending Mar 2022: ¥18B¥18BFY ending Mar 2023: ¥16B¥16BFY ending Mar 2024: ¥18.2B¥18.2BFY ending Mar 2025: ¥22.1B¥22.1BFY ending Mar 2026: ¥32.5B¥32.5BFY22FY23FY24FY25FY26
Operating margin23.6%
FY ending Mar 2022: 18.3%18.3%FY ending Mar 2023: 16.4%16.4%FY ending Mar 2024: 17.4%17.4%FY ending Mar 2025: 18.5%18.5%FY ending Mar 2026: 23.6%23.6%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin17.4%
Asset turnover0.70×
ROA12.2%
ROA12.2%
Financial leverage2.02×
ROE24.6%

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

Net margin17.4%
2022: 12.0%12.0%2023: 11.7%11.7%2024: 8.3%8.3%2025: 9.1%9.1%2026: 17.4%17.4%2223242526
Asset turnover0.70×
2022: 0.52×0.52×2023: 0.52×0.52×2024: 0.52×0.52×2025: 0.59×0.59×2026: 0.70×0.70×2223242526
ROA12.2%
2022: 6.2%6.2%2023: 6.1%6.1%2024: 4.3%4.3%2025: 5.3%5.3%2026: 12.2%12.2%2223242526
Financial leverage2.02×
2022: 2.37×2.37×2023: 2.27×2.27×2024: 2.27×2.27×2025: 2.20×2.20×2026: 2.02×2.02×2223242526
ROE24.6%
2022: 14.8%14.8%2023: 13.7%13.7%2024: 9.8%9.8%2025: 11.7%11.7%2026: 24.6%24.6%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202212.0%0.52×6.2%2.37×14.8%
202311.7%0.52×6.1%2.27×13.7%
20248.3%0.52×4.3%2.27×9.8%
20259.1%0.59×5.3%2.20×11.7%
202617.4%0.70×12.2%2.02×24.6%

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 ÷ revenue51.1%
2021: 57.2%57.2%2022: 53.3%53.3%2023: 62.1%62.1%2024: 65.7%65.7%2025: 56.8%56.8%2026: 51.1%51.1%212223242526
PPE ÷ total assets34.9%
2021: 25.9%25.9%2022: 27.6%27.6%2023: 32.3%32.3%2024: 32.4%32.4%2025: 35.2%35.2%2026: 34.9%34.9%212223242526
Goodwill ÷ parent equity2.7%
2021: 8.6%8.6%2022: 7.5%7.5%2023: 5.8%5.8%2024: 3.2%3.2%2025: 3.2%3.2%2026: 2.7%2.7%212223242526
Goodwill balance¥2.74B
2021: ¥6.4B¥6.4B2022: ¥5.97B¥5.97B2023: ¥4.97B¥4.97B2024: ¥2.9B¥2.9B2025: ¥3.03B¥3.03B2026: ¥2.74B¥2.74B212223242526

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¥7.64B
2021: ¥3.32B¥3.32B2022: ¥3.61B¥3.61B2023: ¥4.48B¥4.48B2024: ¥6.19B¥6.19B2025: ¥7.21B¥7.21B2026: ¥7.64B¥7.64B212223242526
R&D / revenue5.5%
2021: 4.1%4.1%2022: 3.7%3.7%2023: 4.6%4.6%2024: 5.9%5.9%2025: 6.1%6.1%2026: 5.5%5.5%212223242526
Receivable days—
2021: 102d102d2022: 103d103d2023: 85d85d212223242526
Payable days49d
2021: 63d63d2022: 61d61d2023: 44d44d2024: 57d57d2025: 49d49d2026: 49d49d212223242526

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
Revenue97,96697,338104,775119,010137,851
Cost of revenue55,09954,54755,94462,82370,355
Gross profit42,86642,79148,83056,18767,496
SG&A24,90826,81830,62734,11934,967
Operating income17,95815,97218,20322,06732,529
Pretax income16,95915,46212,10214,56632,136
Income tax4,9604,0573,4493,7868,121
Net income attributable to owners11,80311,4058,65410,78024,011
Operating margin18.3%16.4%17.4%18.5%23.6%

Balance sheet (reported items)

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

Assets

Cash 21%
Property, plant and equipment 35%
Intangibles and goodwill 9%
4%
Other assets 31%

Funding

5%
Other liabilities 38%
Equity 57%
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¥51.2B¥47.1B¥57.7B¥44.1B¥42.5B
Total assets¥189.3B¥187.3B¥212.8B¥192B¥201.9B
Net assets¥85.5B¥92.7B¥100.4B¥103B¥115.8B
Share capital¥9.61B¥9.76B¥9.9B¥10B¥10.2B
Trade receivables¥27.6B¥22.7B———
Property, plant and equipment¥52.3B¥60.4B¥68.9B¥67.6B¥70.5B
Intangible assets excluding goodwill¥32.1B¥29.2B¥25.8B¥16.3B¥14.5B
Goodwill¥5.97B¥4.97B¥2.9B¥3.03B¥2.74B
Investment securities¥3.18B¥3.92B¥4.44B¥4.87B¥8.96B
Current assets¥98.8B¥90B¥109.7B¥98B¥103.1B
Current liabilities¥49.4B¥35.1B¥64.9B¥38B¥40.3B
Trade payables¥9.26B¥6.51B¥8.79B¥8.51B¥9.5B
Short-term borrowings¥13.2B¥5.42B¥9.82B¥305M¥1.27B
Long-term borrowings¥48.4B¥53.2B¥43.1B¥46.9B¥41.1B
Total liabilities¥103.8B¥94.5B¥112.4B¥89B¥86.2B
Non-controlling interests¥1M¥3M¥4M¥4M¥12M
Equity attributable to owners of parent¥79.9B¥86.1B¥89.9B¥94B¥101B
Retained earnings¥60.3B¥67.6B¥71B¥76.9B¥83.3B
Treasury stock-¥4.75B-¥6.11B-¥5.99B-¥8.11B-¥7.83B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第80期(2025/04/01－2026/03/31)

    ID S100YBLG2026-06-16Open

  • EDINET (FSA Japan)

    有価証券報告書－第79期(2024/04/01－2025/03/31)

    ID S100VYA12025-06-17Open

  • EDINET (FSA Japan)

    有価証券報告書－第78期(2023/04/01－2024/03/31)

    ID S100TMEU2024-06-17Open

  • EDINET (FSA Japan)

    有価証券報告書－第77期(2022/04/01－2023/03/31)

    ID S100QYYO2023-06-19Open

  • EDINET (FSA Japan)

    有価証券報告書－第76期(令和3年4月1日－令和4年3月31日)

    ID S100O9US2022-06-20Open

  • EDINET (FSA Japan)

    有価証券報告書－第75期(令和2年4月1日－令和3年3月31日)

    ID S100LKSX2021-06-21Open

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