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Taiyo TechnolexTAIYO TECHNOLEX CO.,LTD.6663東証スタンダード電気機器FY ending Dec 2025, consolidated, J-GAAP

Taiyo Technolex revenue and profit

Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +6.6% from the prior year, and it swung back to an operating profit.

Five-year trend

Revenue¥3.75B
FY ending Dec 2021: ¥3.92B¥3.92BFY ending Dec 2022: ¥3.63B¥3.63BFY ending Dec 2023: ¥3.41B¥3.41BFY ending Dec 2024: ¥3.52B¥3.52BFY ending Dec 2025: ¥3.75B¥3.75BFY21FY22FY23FY24FY25
Operating income¥142.6M
FY ending Dec 2021: ¥121.2M¥121.2MFY ending Dec 2022: -¥27.8M-¥27.8MFY ending Dec 2023: -¥141.9M-¥141.9MFY ending Dec 2024: -¥54.1M-¥54.1MFY ending Dec 2025: ¥142.6M¥142.6MFY21FY22FY23FY24FY25
Operating margin3.8%
FY ending Dec 2021: 3.1%3.1%FY ending Dec 2022: -0.8%-0.8%FY ending Dec 2023: -4.2%-4.2%FY ending Dec 2024: -1.5%-1.5%FY ending Dec 2025: 3.8%3.8%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin3.6%
Asset turnover0.82×
ROA3.0%
ROA3.0%
Financial leverage1.91×
ROE5.7%

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

Net margin3.6%
2021: 6.2%6.2%2022: 1.1%1.1%2025: 3.6%3.6%2122232425
Asset turnover0.82×
2021: 0.81×0.81×2022: 0.75×0.75×2025: 0.82×0.82×2122232425
ROA3.0%
2021: 5.0%5.0%2022: 0.8%0.8%2023: -2.7%-2.7%2024: -1.7%-1.7%2025: 3.0%3.0%2122232425
Financial leverage1.91×
2021: 1.91×1.91×2022: 1.89×1.89×2025: 1.91×1.91×2122232425
ROE5.7%
2021: 9.5%9.5%2022: 1.6%1.6%2025: 5.7%5.7%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20216.2%0.81×5.0%1.91×9.5%
20221.1%0.75×0.8%1.89×1.6%
2023——×-2.7%—×—
2024——×-1.7%—×—
20253.6%0.82×3.0%1.91×5.7%

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 ÷ revenue36.1%
2020: 45.9%45.9%2021: 35.4%35.4%2022: 38.7%38.7%2023: 41.1%41.1%2024: 40.4%40.4%2025: 36.1%36.1%202122232425
PPE ÷ total assets29.7%
2020: 32.9%32.9%2021: 28.7%28.7%2022: 29.3%29.3%2023: 30.6%30.6%2024: 31.3%31.3%2025: 29.7%29.7%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¥61.2M
2020: ¥93.6M¥93.6M2021: ¥108.8M¥108.8M2022: ¥101.8M¥101.8M2023: ¥67M¥67M2024: ¥85.1M¥85.1M2025: ¥61.2M¥61.2M202122232425
R&D / revenue1.6%
2020: 2.9%2.9%2021: 2.8%2.8%2022: 2.8%2.8%2023: 2.0%2.0%2024: 2.4%2.4%2025: 1.6%1.6%202122232425
Receivable days—
2020: 57d57d2021: 84d84d202122232425
Payable days—
2020: 23d23d2021: 18d18d2022: 18d18d202122232425

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 Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue3,9183,6263,4113,5193,752
Cost of revenue2,7262,5842,4672,5092,628
Gross profit1,1921,0429441,0101,124
SG&A1,0711,0701,0861,064981
Operating income121-28-142-54143
Pretax income25843-123-50169
Income tax211043136
Net income attributable to owners24140-127-80137
Operating margin3.1%-0.8%-4.2%-1.5%3.8%

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 30%
1%
8%
Other assets 51%

Funding

Other liabilities 41%
Equity 59%

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

ItemFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥691.4M¥713.6M¥485.3M¥573.9M¥462.9M
Total assets¥4.83B¥4.79B¥4.58B¥4.54B¥4.57B
Net assets¥2.62B¥2.67B¥2.54B¥2.53B¥2.7B
Share capital¥807.3M¥815.2M¥815.2M¥822.2M¥822.2M
Trade receivables¥900.5M————
Property, plant and equipment¥1.38B¥1.4B¥1.4B¥1.42B¥1.36B
Intangible assets excluding goodwill¥29.5M¥61.8M¥78.5M¥57.4M¥41.8M
Investment securities¥373M¥384.3M¥343.7M¥338.8M¥394.9M
Current assets¥2.83B¥2.73B¥2.53B¥2.54B¥2.6B
Current liabilities¥973M¥892.1M¥851.7M¥851.4M¥784.1M
Trade payables¥132.4M¥129.6M———
Short-term borrowings¥397.3M¥353.2M¥339.2M¥371.2M¥290.7M
Long-term borrowings¥472.8M¥459.6M¥414.7M¥321.7M¥280.6M
Total liabilities¥2.22B¥2.13B¥2.04B¥2.01B¥1.87B
Non-controlling interests¥31.5M¥28.7M¥30.7M¥31.9M¥29.4M
Equity attributable to owners of parent¥2.53B¥2.55B¥2.41B¥2.33B¥2.45B
Retained earnings¥791.1M¥801.4M¥657M¥559.4M¥678.1M
Treasury stock-¥99K-¥116K-¥116K-¥116K-¥116K

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第65期(2024/12/21－2025/12/20)

    ID S100XRF92026-03-17Open

  • EDINET (FSA Japan)

    有価証券報告書－第64期(2023/12/21－2024/12/20)

    ID S100VET62025-03-18Open

  • EDINET (FSA Japan)

    有価証券報告書－第63期(2022/12/21－2023/12/20)

    ID S100T1ZT2024-03-15Open

  • EDINET (FSA Japan)

    有価証券報告書－第62期(2021/12/21－2022/12/20)

    ID S100QDJC2023-03-17Open

  • EDINET (FSA Japan)

    有価証券報告書－第61期(令和2年12月21日－令和3年12月20日)

    ID S100NLNU2022-03-17Open

  • EDINET (FSA Japan)

    有価証券報告書－第60期(令和1年12月21日－令和2年12月20日)

    ID S100KXIA2021-03-18Open

Extracted from XBRL: 51 / Derived from other figures: 1

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