Togami Electric Mfg.Togami Electric Mfg. Co.,Ltd.6643東証スタンダード電気機器FY ending Mar 2026, consolidated, J-GAAP

Togami Electric Mfg. revenue and profit

Out of every ¥100 of sales, about ¥12 is left as operating profit. Revenue changed +11.2% from the prior year, operating profit +11.2%.

Five-year trend

Revenue¥30.7B
FY ending Mar 2022: ¥23.6B¥23.6BFY ending Mar 2023: ¥24.8B¥24.8BFY ending Mar 2024: ¥26.7B¥26.7BFY ending Mar 2025: ¥27.6B¥27.6BFY ending Mar 2026: ¥30.7B¥30.7BFY22FY23FY24FY25FY26
Operating income¥3.75B
FY ending Mar 2022: ¥1.48B¥1.48BFY ending Mar 2023: ¥1.76B¥1.76BFY ending Mar 2024: ¥2.69B¥2.69BFY ending Mar 2025: ¥3.37B¥3.37BFY ending Mar 2026: ¥3.75B¥3.75BFY22FY23FY24FY25FY26
Operating margin12.2%
FY ending Mar 2022: 6.3%6.3%FY ending Mar 2023: 7.1%7.1%FY ending Mar 2024: 10.1%10.1%FY ending Mar 2025: 12.2%12.2%FY ending Mar 2026: 12.2%12.2%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin8.7%
Asset turnover0.93×
ROA8.1%
ROA8.1%
Financial leverage1.51×
ROE12.2%

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

Net margin8.7%
2022: 5.5%5.5%2023: 5.8%5.8%2024: 7.8%7.8%2025: 8.7%8.7%2026: 8.7%8.7%2223242526
Asset turnover0.93×
2022: 0.88×0.88×2023: 0.89×0.89×2024: 0.89×0.89×2025: 0.87×0.87×2026: 0.93×0.93×2223242526
ROA8.1%
2022: 4.8%4.8%2023: 5.2%5.2%2024: 6.9%6.9%2025: 7.5%7.5%2026: 8.1%8.1%2223242526
Financial leverage1.51×
2022: 1.55×1.55×2023: 1.56×1.56×2024: 1.57×1.57×2025: 1.54×1.54×2026: 1.51×1.51×2223242526
ROE12.2%
2022: 7.5%7.5%2023: 8.1%8.1%2024: 10.9%10.9%2025: 11.6%11.6%2026: 12.2%12.2%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20225.5%0.88×4.8%1.55×7.5%
20235.8%0.89×5.2%1.56×8.1%
20247.8%0.89×6.9%1.57×10.9%
20258.7%0.87×7.5%1.54×11.6%
20268.7%0.93×8.1%1.51×12.2%

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 ÷ revenue22.9%
2021: 22.8%22.8%2022: 21.4%21.4%2023: 20.3%20.3%2024: 22.2%22.2%2025: 25.4%25.4%2026: 22.9%22.9%212223242526
PPE ÷ total assets21.1%
2021: 20.0%20.0%2022: 18.8%18.8%2023: 17.5%17.5%2024: 18.9%18.9%2025: 21.7%21.7%2026: 21.1%21.1%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¥164.6M
2021: ¥194.1M¥194.1M2022: ¥189.9M¥189.9M2023: ¥197M¥197M2024: ¥185.1M¥185.1M2025: ¥134.2M¥134.2M2026: ¥164.6M¥164.6M212223242526
R&D / revenue0.5%
2021: 0.9%0.9%2022: 0.8%0.8%2023: 0.8%0.8%2024: 0.7%0.7%2025: 0.5%0.5%2026: 0.5%0.5%212223242526
Receivable days—
2021: 79d79d212223242526
Payable days28d
2021: 42d42d2022: 41d41d2023: 51d51d2024: 39d39d2025: 27d27d2026: 28d28d212223242526

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
Revenue23,57524,80526,73127,64830,746
Cost of revenue18,76519,53520,52720,47522,942
Gross profit4,8105,2706,2047,1747,804
SG&A3,3323,5083,5103,8044,055
Operating income1,4781,7622,6943,3703,748
Pretax income1,7852,1093,0293,2803,788
Income tax4816609048611,083
Net income attributable to owners1,2891,4332,0902,3932,676
Operating margin6.3%7.1%10.1%12.2%12.2%

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 21%
1%
Investment securities 9%
Other assets 48%

Funding

5%
Other liabilities 22%
Equity 73%
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¥6.32B¥6.58B¥6.89B¥7.42B¥6.94B
Total assets¥26.8B¥28.8B¥31.4B¥32.4B¥33.4B
Net assets¥17.7B¥18.9B¥21.1B¥22.7B¥24.4B
Share capital¥2.9B¥2.9B¥2.9B¥2.9B¥2.9B
Property, plant and equipment¥5.04B¥5.04B¥5.93B¥7.03B¥7.04B
Intangible assets excluding goodwill¥319.6M¥382.7M¥454M¥406.5M¥379.6M
Investment securities¥1.46B¥1.62B¥2.21B¥1.88B¥2.88B
Current assets¥17.8B¥19.7B¥20.8B¥20.8B¥21B
Current liabilities¥6.11B¥6.97B¥7.37B¥6.54B¥5.98B
Trade payables¥2.13B¥2.74B¥2.19B¥1.52B¥1.76B
Short-term borrowings¥344.8M¥336.3M¥328M¥400.4M¥380.7M
Long-term borrowings¥8.3M——¥299.5M¥218.8M
Total liabilities¥9.16B¥9.91B¥10.3B¥9.75B¥9B
Non-controlling interests¥165.2M¥182.1M¥223.5M¥249.3M¥284.8M
Equity attributable to owners of parent¥17.3B¥18.3B¥20B¥21.3B¥22.4B
Retained earnings¥13.9B¥14.9B¥16.6B¥18B¥19.6B
Treasury stock-¥71.3M-¥72.3M-¥73.2M-¥172.1M-¥744.2M

Sources

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

    有価証券報告書-第151期(2025/04/01-2026/03/31)

    ID S100YJNT2026-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第150期(2024/04/01-2025/03/31)

    ID S100W8GJ2025-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第149期(2023/04/01-2024/03/31)

    ID S100TV2K2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第148期(2022/04/01-2023/03/31)

    ID S100R8GX2023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第147期(令和3年4月1日-令和4年3月31日)

    ID S100OKOU2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第146期(令和2年4月1日-令和3年3月31日)

    ID S100LT2P2021-06-29Open

Extracted from XBRL: 52 / Derived from other figures: 1

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