Tokyo Board IndustriesTokyo Board Industries co.,ltd.7815東証スタンダードその他製品FY ending Feb 2026, consolidated, J-GAAP

Tokyo Board Industries revenue and profit

It lost about ¥1 for every ¥100 of sales at the operating level. Revenue changed -14.3% from the prior year.

Five-year trend

Revenue¥6.63B
FY ending Mar 2025: ¥7.73B¥7.73BFY ending Feb 2026: ¥6.63B¥6.63BFY25FY26
Operating income-¥81.3M
FY ending Mar 2025: -¥32.9M-¥32.9MFY ending Feb 2026: -¥81.3M-¥81.3MFY25FY26
Operating margin-1.2%
FY ending Mar 2025: -0.4%-0.4%FY ending Feb 2026: -1.2%-1.2%FY25FY26

What drives ROE

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

Net margin—
2025: 3.8%3.8%2526
Asset turnover—
2025: 0.62×0.62×2526
ROA-6.5%
2025: 2.3%2.3%2026: -6.5%-6.5%2526
Financial leverage—
2025: 8.35×8.35×2526
ROE—
2025: 19.5%19.5%2526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20253.8%0.62×2.3%8.35×19.5%
2026——×-6.5%—×—

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 ÷ revenue109.2%
2025: 93.5%93.5%2026: 109.2%109.2%2526
PPE ÷ total assets64.4%
2025: 57.7%57.7%2026: 64.4%64.4%2526

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¥20.2M
2026: ¥20.2M¥20.2M2526
R&D / revenue0.3%
2026: 0.3%0.3%2526

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 2025FY ending Feb 2026
Revenue7,7346,625
Cost of revenue5,9174,937
Gross profit1,8161,688
SG&A1,8491,770
Operating income-33-81
Pretax income410-701
Income tax8161
Net income attributable to owners293-778
Operating margin-0.4%-1.2%

Balance sheet (reported items)

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

Assets

Cash 11%
Property, plant and equipment 64%
0%
1%
Other assets 24%

Funding

Other liabilities 85%
Equity 15%

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

ItemFY ending Mar 2025FY ending Feb 2026
Cash and equivalents¥1.78B¥1.17B
Total assets¥12.5B¥11.2B
Net assets¥2.4B¥1.65B
Share capital¥221M¥100M
Property, plant and equipment¥7.23B¥7.23B
Intangible assets excluding goodwill¥9.7M¥7.8M
Investment securities¥112M¥142.2M
Current assets¥4.77B¥3.46B
Current liabilities¥7.09B¥7.44B
Short-term borrowings¥257M¥256.3M
Long-term borrowings¥1.86B¥925.6M
Total liabilities¥10.1B¥9.59B
Non-controlling interests¥857M¥868.3M
Equity attributable to owners of parent¥1.5B¥722.2M
Retained earnings¥2.57B¥1.79B
Treasury stock-¥1.4B-¥1.4B

Sources

Show source documents (1)
  • EDINET (FSA Japan)

    訂正有価証券報告書-第81期(2025/04/01-2026/02/28)

    ID S100YQAW2026-07-13Open

Extracted from XBRL: 47 / Derived from other figures: 1

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