Tsutsumi JewelryTSUTSUMI JEWELRY CO.,LTD.7937東証スタンダードその他製品FY ending Mar 2026, non-consolidated, J-GAAP

Tsutsumi Jewelry revenue and profit

Out of every ¥100 of sales, about ¥15 is left as operating profit. Revenue changed +41.8% from the prior year, operating profit +117.6%.

Five-year trend

Revenue¥35.2B
FY ending Mar 2022: ¥16.5B¥16.5BFY ending Mar 2023: ¥18.1B¥18.1BFY ending Mar 2024: ¥19.9B¥19.9BFY ending Mar 2025: ¥24.8B¥24.8BFY ending Mar 2026: ¥35.2B¥35.2BFY22FY23FY24FY25FY26
Operating income¥5.24B
FY ending Mar 2022: ¥1.07B¥1.07BFY ending Mar 2023: ¥1.47B¥1.47BFY ending Mar 2024: ¥1.67B¥1.67BFY ending Mar 2025: ¥2.41B¥2.41BFY ending Mar 2026: ¥5.24B¥5.24BFY22FY23FY24FY25FY26
Operating margin14.9%
FY ending Mar 2022: 6.5%6.5%FY ending Mar 2023: 8.1%8.1%FY ending Mar 2024: 8.4%8.4%FY ending Mar 2025: 9.7%9.7%FY ending Mar 2026: 14.9%14.9%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin10.5%
Asset turnover0.49×
ROA5.1%
ROA5.1%
Financial leverage1.04×
ROE5.4%

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

Net margin10.5%
2022: 4.2%4.2%2023: 5.0%5.0%2024: 5.8%5.8%2025: 8.0%8.0%2026: 10.5%10.5%2223242526
Asset turnover0.49×
2022: 0.24×0.24×2023: 0.27×0.27×2024: 0.29×0.29×2025: 0.36×0.36×2026: 0.49×0.49×2223242526
ROA5.1%
2022: 1.0%1.0%2023: 1.3%1.3%2024: 1.7%1.7%2025: 2.9%2.9%2026: 5.1%5.1%2223242526
Financial leverage1.04×
2022: 1.03×1.03×2023: 1.03×1.03×2024: 1.03×1.03×2025: 1.03×1.03×2026: 1.04×1.04×2223242526
ROE5.4%
2022: 1.0%1.0%2023: 1.4%1.4%2024: 1.7%1.7%2025: 2.9%2.9%2026: 5.4%5.4%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20224.2%0.24×1.0%1.03×1.0%
20235.0%0.27×1.3%1.03×1.4%
20245.8%0.29×1.7%1.03×1.7%
20258.0%0.36×2.9%1.03×2.9%
202610.5%0.49×5.1%1.04×5.4%

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 ÷ revenue19.4%
2021: 57.7%57.7%2022: 53.4%53.4%2023: 34.6%34.6%2024: 31.6%31.6%2025: 25.2%25.2%2026: 19.4%19.4%212223242526
PPE ÷ total assets9.3%
2021: 12.3%12.3%2022: 12.9%12.9%2023: 9.2%9.2%2024: 9.1%9.1%2025: 9.0%9.0%2026: 9.3%9.3%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¥46M
2021: ¥31M¥31M2022: ¥28M¥28M2023: ¥31M¥31M2024: ¥34M¥34M2025: ¥40M¥40M2026: ¥46M¥46M212223242526
R&D / revenue0.1%
2021: 0.2%0.2%2022: 0.2%0.2%2023: 0.2%0.2%2024: 0.2%0.2%2025: 0.2%0.2%2026: 0.1%0.1%212223242526

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
Revenue16,47718,11919,90724,83535,225
Cost of revenue7,4648,5659,93313,45219,930
Gross profit9,0139,5549,97411,38315,295
SG&A7,9418,0888,3028,97310,052
Operating income1,0711,4651,6712,4105,243
Pretax income1,1211,4441,7162,4685,437
Income tax4365345604821,746
Net income attributable to owners6849091,1551,9863,691
Operating margin6.5%8.1%8.4%9.7%14.9%

Balance sheet (reported items)

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

Assets

Cash 44%
Property, plant and equipment 9%
1%
0%
Other assets 46%

Funding

5%
Equity 95%
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¥38.9B¥38.5B¥36.5B¥33.6B¥32.2B
Total assets¥67.9B¥68.3B¥69.1B¥69.6B¥73.7B
Net assets¥66.1B¥66.5B¥66.9B¥67.8B¥70.1B
Share capital¥13.1B¥13.1B¥13.1B¥13.1B¥13.1B
Property, plant and equipment¥8.79B¥6.27B¥6.29B¥6.26B¥6.82B
Intangible assets excluding goodwill¥262M¥235M¥363M¥386M¥501M
Investment securities¥53M¥58M¥63M¥52M¥82M
Current assets¥55.1B¥55.2B¥55.8B¥56.4B¥60B
Current liabilities¥1.75B¥1.72B¥2.06B¥1.71B¥3.48B
Total liabilities¥1.82B¥1.81B¥2.16B¥1.84B¥3.6B
Equity attributable to owners of parent¥66.1B¥66.5B¥66.9B¥67.8B¥70.1B
Retained earnings¥47.3B¥37.7B¥38.1B¥39B¥41.3B
Treasury stock-¥10.1B-¥7M-¥8M-¥8M-¥8M

Sources

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

    有価証券報告書-第53期(2025/04/01-2026/03/31)

    ID S100Y7SI2026-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第52期(2024/04/01-2025/03/31)

    ID S100VWP82025-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第51期(2023/04/01-2024/03/31)

    ID S100TLUD2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第50期(2022/04/01-2023/03/31)

    ID S100QW5G2023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第49期(令和3年4月1日-令和4年3月31日)

    ID S100O5PH2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第48期(令和2年4月1日-令和3年3月31日)

    ID S100LH3X2021-06-29Open

Extracted from XBRL: 46 / Derived from other figures: 2

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