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Toyo Suisan KaishaTOYO SUISAN KAISHA, LTD.2875東証プライム食料品FY ending Mar 2026, consolidated, J-GAAP

Toyo Suisan Kaisha revenue and profit

Out of every ¥100 of sales, about ¥16 is left as operating profit. Revenue changed +4.8% from the prior year, operating profit +12.1%.

Five-year trend

Revenue¥536.6B
FY ending Mar 2022: ¥361.5B¥361.5BFY ending Mar 2023: ¥435.8B¥435.8BFY ending Mar 2024: ¥489B¥489BFY ending Mar 2025: ¥512.3B¥512.3BFY ending Mar 2026: ¥536.6B¥536.6BFY22FY23FY24FY25FY26
Operating income¥85.8B
FY ending Mar 2022: ¥29.7B¥29.7BFY ending Mar 2023: ¥40.3B¥40.3BFY ending Mar 2024: ¥66.7B¥66.7BFY ending Mar 2025: ¥76.5B¥76.5BFY ending Mar 2026: ¥85.8B¥85.8BFY22FY23FY24FY25FY26
Operating margin16.0%
FY ending Mar 2022: 8.2%8.2%FY ending Mar 2023: 9.3%9.3%FY ending Mar 2024: 13.6%13.6%FY ending Mar 2025: 14.9%14.9%FY ending Mar 2026: 16.0%16.0%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin13.1%
Asset turnover0.87×
ROA11.3%
ROA11.3%
Financial leverage1.42×
ROE16.2%

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

Net margin13.1%
2022: 6.2%6.2%2023: 7.6%7.6%2024: 11.4%11.4%2025: 12.5%12.5%2026: 13.1%13.1%2223242526
Asset turnover0.87×
2022: 0.80×0.80×2023: 0.92×0.92×2024: 0.92×0.92×2025: 0.88×0.88×2026: 0.87×0.87×2223242526
ROA11.3%
2022: 4.9%4.9%2023: 7.0%7.0%2024: 10.4%10.4%2025: 11.0%11.0%2026: 11.3%11.3%2223242526
Financial leverage1.42×
2022: 1.35×1.35×2023: 1.37×1.37×2024: 1.40×1.40×2025: 1.41×1.41×2026: 1.42×1.42×2223242526
ROE16.2%
2022: 6.7%6.7%2023: 9.5%9.5%2024: 14.6%14.6%2025: 15.5%15.5%2026: 16.2%16.2%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20226.2%0.80×4.9%1.35×6.7%
20237.6%0.92×7.0%1.37×9.5%
202411.4%0.92×10.4%1.40×14.6%
202512.5%0.88×11.0%1.41×15.5%
202613.1%0.87×11.3%1.42×16.2%

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 ÷ revenue39.3%
2021: 46.3%46.3%2022: 44.0%44.0%2023: 36.7%36.7%2024: 34.1%34.1%2025: 35.8%35.8%2026: 39.3%39.3%212223242526
PPE ÷ total assets32.8%
2021: 36.8%36.8%2022: 35.0%35.0%2023: 32.2%32.2%2024: 29.2%29.2%2025: 30.9%30.9%2026: 32.8%32.8%212223242526
Goodwill ÷ parent equity0.1%
2025: 0.2%0.2%2026: 0.1%0.1%212223242526
Goodwill balance¥598M
2025: ¥670M¥670M2026: ¥598M¥598M212223242526

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¥1.77B
2021: ¥1.81B¥1.81B2022: ¥1.81B¥1.81B2023: ¥1.79B¥1.79B2024: ¥1.81B¥1.81B2025: ¥1.78B¥1.78B2026: ¥1.77B¥1.77B212223242526
R&D / revenue0.3%
2021: 0.5%0.5%2022: 0.5%0.5%2023: 0.4%0.4%2024: 0.4%0.4%2025: 0.3%0.3%2026: 0.3%0.3%212223242526
Receivable days—
2021: 55d55d212223242526
Payable days32d
2021: 37d37d2022: 38d38d2023: 36d36d2024: 34d34d2025: 36d36d2026: 32d32d212223242526

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
Revenue361,495435,786489,013512,277536,636
Cost of revenue270,977327,744348,909359,279371,626
Gross profit90,518108,042140,103152,997165,009
SG&A60,78067,71273,40776,48379,209
Operating income29,73740,33066,69676,51385,799
Pretax income31,58643,54773,20985,10694,267
Income tax8,57110,05318,10920,85623,786
Net income attributable to owners22,41433,12655,65363,84770,188
Operating margin8.2%9.3%13.6%14.9%16.0%

Balance sheet (reported items)

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

Assets

5%
Property, plant and equipment 33%
1%
7%
Other assets 54%

Funding

5%
Other liabilities 10%
Equity 85%

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¥29.4B¥37.6B¥42.1B¥39.4B¥35.7B
Total assets¥454.7B¥497.1B¥571B¥595B¥642.9B
Net assets¥367.1B¥404.8B¥474.5B¥493.6B¥543.9B
Share capital¥19B¥19B¥19B¥19B¥19B
Property, plant and equipment¥159.2B¥159.9B¥166.9B¥183.6B¥211.1B
Intangible assets excluding goodwill¥1.31B¥2.55B¥2.65B¥5.58B¥8.33B
Goodwill———¥670M¥598M
Investment securities¥28.3B¥29.2B¥36.6B¥35.1B¥42.4B
Current assets¥263.4B¥285.1B¥362.5B¥366.7B¥377.6B
Current liabilities¥59B¥64.6B¥69.8B¥73.3B¥72.3B
Trade payables¥28.5B¥32.3B¥32.4B¥35B¥32.2B
Short-term borrowings¥378M¥377M¥390M¥442M¥481M
Total liabilities¥87.5B¥92.3B¥96.5B¥101.3B¥99B
Non-controlling interests¥12.3B¥12.6B¥12.2B¥12.5B¥13B
Equity attributable to owners of parent¥335.9B¥359.8B¥403.2B¥421.2B¥448B
Retained earnings¥302.2B¥326.2B¥369.6B¥411.4B¥461.8B
Treasury stock-¥8.23B-¥8.24B-¥8.24B-¥32.2B-¥55.7B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第78期(2025/04/01－2026/03/31)

    ID S100YDW02026-06-19Open

  • EDINET (FSA Japan)

    有価証券報告書－第77期(2024/04/01－2025/03/31)

    ID S100W6LA2025-06-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第76期(2023/04/01－2024/03/31)

    ID S100TTWS2024-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第75期(2022/04/01－2023/03/31)

    ID S100R0BF2023-06-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第74期(令和3年4月1日－令和4年3月31日)

    ID S100OC602022-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第73期(令和2年4月1日－令和3年3月31日)

    ID S100LN472021-06-24Open

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

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