Tokushu Tokai PaperTokushu Tokai Paper Co.,Ltd.3708東証プライムパルプ・紙FY ending Mar 2026, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +0.6% from the prior year, operating profit +9.4%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2022 | 6.5% | 0.64× | 4.2% | 1.80× | 7.6% |
| 2023 | 4.9% | 0.68× | 3.3% | 1.77× | 5.9% |
| 2024 | 5.3% | 0.68× | 3.6% | 1.77× | 6.3% |
| 2025 | 3.8% | 0.70× | 2.6% | 1.82× | 4.8% |
| 2026 | 4.6% | 0.68× | 3.1% | 1.83× | 5.7% |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
Track R&D investment and how long operating capital remains tied up before sales turn into cash.
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.
| Item | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 80,711 | 84,130 | 86,517 | 94,800 | 95,413 |
| Cost of revenue | 68,952 | 75,332 | 76,150 | 82,097 | 81,744 |
| Gross profit | 11,759 | 8,798 | 10,366 | 12,702 | 13,669 |
| SG&A | 7,527 | 7,157 | 8,069 | 8,774 | 9,372 |
| Operating income | 4,231 | 1,640 | 2,296 | 3,928 | 4,296 |
| Pretax income | 7,299 | 5,411 | 5,909 | 5,481 | 6,226 |
| Income tax | 1,869 | 1,130 | 1,070 | 1,553 | 1,677 |
| Net income attributable to owners | 5,251 | 4,130 | 4,590 | 3,607 | 4,368 |
| Operating margin | 5.2% | 1.9% | 2.7% | 4.1% | 4.5% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥11.7B | ¥9.97B | ¥12.7B | ¥10.6B | ¥7.08B |
| Total assets | ¥125.4B | ¥123.3B | ¥133B | ¥139.4B | ¥141.3B |
| Net assets | ¥78.6B | ¥78.6B | ¥83.9B | ¥85.8B | ¥90.1B |
| Share capital | ¥11.5B | ¥11.5B | ¥11.5B | ¥11.5B | ¥11.5B |
| Property, plant and equipment | ¥58.9B | ¥57.1B | ¥60B | ¥64.4B | ¥66.3B |
| Intangible assets excluding goodwill | ¥1.49B | ¥1.27B | ¥2.85B | ¥3.75B | ¥3.36B |
| Goodwill | ¥1.13B | ¥986M | ¥2.59B | ¥3.4B | ¥2.92B |
| Investment securities | ¥13.9B | ¥11B | ¥14.4B | ¥14B | ¥17.5B |
| Current assets | ¥49.4B | ¥51.5B | ¥54.2B | ¥54.4B | ¥51B |
| Current liabilities | ¥34.9B | ¥31.6B | ¥33.6B | ¥34.8B | ¥33.4B |
| Trade payables | ¥11B | ¥10.1B | ¥9.83B | ¥9.39B | ¥8.58B |
| Short-term borrowings | ¥10.6B | ¥10.1B | ¥9.55B | ¥8.98B | ¥8.45B |
| Long-term borrowings | ¥8.95B | ¥10.1B | ¥12.4B | ¥14.4B | ¥12B |
| Bonds | ¥350M | ¥280M | ¥230M | ¥195M | ¥80M |
| Interest-bearing debt | ¥19.9Bderived | ¥20.4Bderived | ¥22.2Bderived | ¥23.5Bderived | ¥20.6Bderived |
| Total liabilities | ¥46.9B | ¥44.8B | ¥49B | ¥53.6B | ¥51.2B |
| Non-controlling interests | ¥6.27B | ¥6.34B | ¥6.92B | ¥7.15B | ¥6.64B |
| Equity attributable to owners of parent | ¥69.5B | ¥71B | ¥74B | ¥75.5B | ¥77.8B |
| Retained earnings | ¥56.1B | ¥58.7B | ¥62.1B | ¥64.2B | ¥67.1B |
| Treasury stock | -¥8.96B | -¥4.75B | -¥5.09B | -¥4.72B | -¥4.83B |
EDINET (FSA Japan)
有価証券報告書－第19期(2025/04/01－2026/03/31)
EDINET (FSA Japan)
有価証券報告書－第18期(2024/04/01－2025/03/31)
EDINET (FSA Japan)
有価証券報告書－第17期(2023/04/01－2024/03/31)
EDINET (FSA Japan)
有価証券報告書－第16期(2022/04/01－2023/03/31)
EDINET (FSA Japan)
有価証券報告書－第15期(令和3年4月1日－令和4年3月31日)
EDINET (FSA Japan)
有価証券報告書－第14期(令和2年4月1日－令和3年3月31日)
Extracted from XBRL: 56 / Derived from other figures: 2
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