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Taiyo YudenTAIYO YUDEN CO., LTD.6976東証プライム電気機器FY ending Mar 2026, consolidated, J-GAAP

Taiyo Yuden revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed +4.1% from the prior year, operating profit +91.2%.

Five-year trend

Revenue¥355.3B
FY ending Mar 2022: ¥349.6B¥349.6BFY ending Mar 2023: ¥319.5B¥319.5BFY ending Mar 2024: ¥322.6B¥322.6BFY ending Mar 2025: ¥341.4B¥341.4BFY ending Mar 2026: ¥355.3B¥355.3BFY22FY23FY24FY25FY26
Operating income¥20B
FY ending Mar 2022: ¥68.2B¥68.2BFY ending Mar 2023: ¥32B¥32BFY ending Mar 2024: ¥9.08B¥9.08BFY ending Mar 2025: ¥10.5B¥10.5BFY ending Mar 2026: ¥20B¥20BFY22FY23FY24FY25FY26
Operating margin5.6%
FY ending Mar 2022: 19.5%19.5%FY ending Mar 2023: 10.0%10.0%FY ending Mar 2024: 2.8%2.8%FY ending Mar 2025: 3.1%3.1%FY ending Mar 2026: 5.6%5.6%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin4.2%
Asset turnover0.60×
ROA2.5%
ROA2.5%
Financial leverage2.02×
ROE5.0%

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

Net margin4.2%
2022: 15.5%15.5%2023: 7.3%7.3%2024: 2.6%2.6%2025: 0.7%0.7%2026: 4.2%4.2%2223242526
Asset turnover0.60×
2022: 0.74×0.74×2023: 0.65×0.65×2024: 0.60×0.60×2025: 0.59×0.59×2026: 0.60×0.60×2223242526
ROA2.5%
2022: 11.5%11.5%2023: 4.7%4.7%2024: 1.5%1.5%2025: 0.4%0.4%2026: 2.5%2.5%2223242526
Financial leverage2.02×
2022: 1.63×1.63×2023: 1.64×1.64×2024: 1.79×1.79×2025: 1.94×1.94×2026: 2.02×2.02×2223242526
ROE5.0%
2022: 18.7%18.7%2023: 7.8%7.8%2024: 2.8%2.8%2025: 0.8%0.8%2026: 5.0%5.0%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202215.5%0.74×11.5%1.63×18.7%
20237.3%0.65×4.7%1.64×7.8%
20242.6%0.60×1.5%1.79×2.8%
20250.7%0.59×0.4%1.94×0.8%
20264.2%0.60×2.5%2.02×5.0%

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 ÷ revenue81.6%
2021: 52.9%52.9%2022: 52.9%52.9%2023: 69.0%69.0%2024: 84.8%84.8%2025: 84.0%84.0%2026: 81.6%81.6%212223242526
PPE ÷ total assets47.1%
2021: 39.3%39.3%2022: 39.0%39.0%2023: 43.8%43.8%2024: 47.2%47.2%2025: 50.0%50.0%2026: 47.1%47.1%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.

R&D spending¥14.5B
2021: ¥12.6B¥12.6B2022: ¥13.1B¥13.1B2023: ¥12.7B¥12.7B2024: ¥13.7B¥13.7B2025: ¥15B¥15B2026: ¥14.5B¥14.5B212223242526
R&D / revenue4.1%
2021: 4.2%4.2%2022: 3.7%3.7%2023: 4.0%4.0%2024: 4.2%4.2%2025: 4.4%4.4%2026: 4.1%4.1%212223242526
Receivable days89d
2021: 96d96d2022: 90d90d2023: 80d80d2024: 92d92d2025: 86d86d2026: 89d89d212223242526
Payable days35d
2021: 55d55d2022: 53d53d2023: 36d36d2024: 42d42d2025: 37d37d2026: 35d35d212223242526

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
Revenue349,636319,504322,647341,438355,341
Cost of revenue224,654232,085257,191269,867273,412
Gross profit124,98187,41965,45671,57081,928
SG&A56,76355,43856,37661,11061,932
Operating income68,21831,9809,07910,45919,996
Pretax income71,87231,10213,0738,36520,066
Income tax17,5107,8864,7556,0375,260
Net income attributable to owners54,36123,2168,3172,32814,806
Operating margin19.5%10.0%2.8%3.1%5.6%

Balance sheet (reported items)

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

Assets

Cash 16%
Receivables 14%
Property, plant and equipment 47%
0%
0%
Other assets 23%

Funding

4%
Other liabilities 40%
Equity 56%
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¥88.6B¥84.1B¥94.9B¥67.5B¥98.1B
Total assets¥474.5B¥503.5B¥579.7B¥573.2B¥615.5B
Net assets¥300.3B¥318.5B¥330.1B¥319.2B¥344.4B
Share capital¥33.6B¥33.6B¥33.6B¥33.6B¥33.6B
Trade receivables¥86.6B¥70.4B¥81.2B¥80.5B¥86.4B
Property, plant and equipment¥184.9B¥220.6B¥273.6B¥286.8B¥290B
Intangible assets excluding goodwill¥1.34B¥1.66B¥1.81B¥1.91B¥1.79B
Investment securities¥1.5B¥1.45B¥1.34B¥20M¥20M
Current assets¥282.6B¥274.4B¥297.2B¥279.3B¥318.3B
Current liabilities¥107B¥112.1B¥85.8B¥79.6B¥93.8B
Trade payables¥32.8B¥23B¥29.7B¥27.2B¥26.5B
Short-term borrowings¥20.2B¥30.2B¥4.2B¥4.2B¥11.2B
Long-term borrowings¥48.7B¥50.8B¥84.2B¥93.7B¥85.2B
Total liabilities¥174.2B¥185B¥249.6B¥254B¥271.1B
Equity attributable to owners of parent¥291.2B¥303.8B¥301B¥292.4B¥296.7B
Retained earnings¥221.2B¥233.8B¥230.9B¥222B¥225.6B
Treasury stock-¥13.5B-¥13.5B-¥13.4B-¥13.2B-¥12.4B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第85期(2025/04/01－2026/03/31)

    ID S100YHU52026-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第84期(2024/04/01－2025/03/31)

    ID S100W3IP2025-06-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第83期(2023/04/01－2024/03/31)

    ID S100TXXZ2024-06-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第82期(2022/04/01－2023/03/31)

    ID S100RAQ12023-06-30Open

  • EDINET (FSA Japan)

    有価証券報告書－第81期(令和3年4月1日－令和4年3月31日)

    ID S100OM4A2022-06-30Open

  • EDINET (FSA Japan)

    有価証券報告書－第80期(令和2年4月1日－令和3年3月31日)

    ID S100LVTG2021-06-30Open

Extracted from XBRL: 53 / Derived from other figures: 1

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