Tamagawa HoldingsTAMAGAWA HOLDINGS CO.,LTD.6838東証スタンダード電気機器FY ending Oct 2025, consolidated, J-GAAP

Tamagawa Holdings revenue and profit

Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed +137.1% from the prior year, and it swung back to an operating profit.

Five-year trend

Revenue¥5.59B
FY ending Mar 2024: ¥4.15B¥4.15BFY ending Oct 2024: ¥2.36B¥2.36BFY ending Oct 2025: ¥5.59B¥5.59BFY24FY24FY25
Operating income¥278.9M
FY ending Mar 2024: -¥215.3M-¥215.3MFY ending Oct 2024: -¥47.8M-¥47.8MFY ending Oct 2025: ¥278.9M¥278.9MFY24FY24FY25
Operating margin5.0%
FY ending Mar 2024: -5.2%-5.2%FY ending Oct 2024: -2.0%-2.0%FY ending Oct 2025: 5.0%5.0%FY24FY24FY25

What drives ROE

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

Net margin4.8%
Asset turnover0.53×
ROA2.5%
ROA2.5%
Financial leverage2.19×
ROE5.6%

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

Net margin4.8%
2025: 4.8%4.8%242425
Asset turnover0.53×
2025: 0.53×0.53×242425
ROA2.5%
2024: -4.6%-4.6%2024: -1.2%-1.2%2025: 2.5%2.5%242425
Financial leverage2.19×
2025: 2.19×2.19×242425
ROE5.6%
2025: 5.6%5.6%242425
PeriodNet marginAsset turnoverROAFinancial leverageROE
2024——×-4.6%—×—
2024——×-1.2%—×—
20254.8%0.53×2.5%2.19×5.6%

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 ÷ revenue67.8%
2024: 19.7%19.7%2024: 153.8%153.8%2025: 67.8%67.8%242425
PPE ÷ total assets33.6%
2024: 8.6%8.6%2024: 36.8%36.8%2025: 33.6%33.6%242425

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¥161M
2024: ¥109M¥109M2025: ¥161M¥161M242425
R&D / revenue2.9%
2024: 4.6%4.6%2025: 2.9%2.9%242425
Payable days60d
2024: 56d56d2024: 106d106d2025: 60d60d242425

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 2024FY ending Oct 2024FY ending Oct 2025
Revenue4,1542,3565,588
Cost of revenue3,0591,6453,895
Gross profit1,0957121,693
SG&A1,3107591,414
Operating income-215-48279
Pretax income-322-119361
Income tax123-692
Net income attributable to owners-443-114269
Operating margin-5.2%-2.0%5.0%

Balance sheet (reported items)

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

Assets

Cash 12%
Property, plant and equipment 34%
0%
6%
Other assets 48%

Funding

6%
Other liabilities 46%
Equity 48%
0%

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

ItemFY ending Mar 2024FY ending Oct 2024FY ending Oct 2025
Cash and equivalents¥1.21B¥1.74B¥1.33B
Total assets¥9.57B¥9.84B¥11.3B
Net assets¥4.89B¥4.68B¥5.47B
Share capital¥2.7B¥2.7B¥2.71B
Property, plant and equipment¥818.6M¥3.62B¥3.79B
Intangible assets excluding goodwill¥43.9M¥39.1M¥25.6M
Investment securities¥272.9M¥229.6M¥735.2M
Current assets¥8.12B¥5.48B¥6.23B
Current liabilities¥1.74B¥1.91B¥2.37B
Trade payables¥467.2M¥475.5M¥643M
Short-term borrowings¥440.2M¥561M¥471.1M
Long-term borrowings¥2.49B¥2.76B¥2.85B
Total liabilities¥4.69B¥5.16B¥5.8B
Equity attributable to owners of parent¥4.81B¥4.68B¥4.95B
Retained earnings¥347.3M¥233.6M¥502.2M
Treasury stock-¥61.4M-¥61.4M-¥61.4M

Sources

Show source documents (2)
  • EDINET (FSA Japan)

    有価証券報告書-第58期(2024/11/01-2025/10/31)

    ID S100XHR92026-01-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第57期(2024/04/01-2024/10/31)

    ID S100V5E92025-01-30Open

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

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