Tsuzuki DenkiTSUZUKI DENKI CO., LTD.8157東証プライム卸売業FY ending Mar 2026, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥8 is left as operating profit. Revenue changed +5.6% from the prior year, operating profit +26.2%.
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 | 2.3% | 1.51× | 3.5% | 2.39× | 8.4% |
| 2023 | 2.8% | 1.53× | 4.3% | 2.35× | 10.2% |
| 2024 | 4.4% | 1.52× | 6.7% | 2.15× | 14.4% |
| 2025 | 4.8% | 1.22× | 5.9% | 1.93× | 11.4% |
| 2026 | 6.2% | 1.24× | 7.7% | 1.84× | 14.2% |
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 | 119,316 | 123,899 | 124,856 | 98,263 | 103,728 |
| Cost of revenue | 96,804 | 99,720 | 99,548 | 75,598 | 78,762 |
| Gross profit | 22,511 | 24,178 | 25,308 | 22,665 | 24,965 |
| SG&A | 18,498 | 19,060 | 18,868 | 16,183 | 16,787 |
| Operating income | 4,012 | 5,118 | 6,439 | 6,481 | 8,178 |
| Pretax income | 4,430 | 5,579 | 8,415 | 6,848 | 9,391 |
| Income tax | 1,453 | 1,844 | 2,768 | 1,953 | 2,778 |
| Net income attributable to owners | 2,798 | 3,521 | 5,477 | 4,764 | 6,472 |
| Operating margin | 3.4% | 4.1% | 5.2% | 6.6% | 7.9% |
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 | ¥19.1B | ¥20.8B | ¥38.7B | ¥38.7B | ¥43.5B |
| Total assets | ¥79.2B | ¥83.2B | ¥81.1B | ¥80.1B | ¥87.6B |
| Net assets | ¥33.2B | ¥35.4B | ¥40.9B | ¥44.6B | ¥48.8B |
| Share capital | ¥9.81B | ¥9.81B | ¥9.81B | ¥9.81B | ¥9.81B |
| Inventories | ¥7.48B | ¥11.7B | ¥3.65B | ¥2.6B | ¥4.26B |
| Property, plant and equipment | ¥5.43B | ¥4.5B | ¥2.19B | ¥1.97B | ¥1.81B |
| Intangible assets excluding goodwill | ¥3.07B | ¥2.61B | ¥2.29B | ¥2.54B | ¥2B |
| Goodwill | ¥135M | ¥45M | — | — | — |
| Investment securities | ¥4.1B | ¥3.47B | ¥4.09B | ¥4.54B | ¥2.38B |
| Current assets | ¥61.2B | ¥67.2B | ¥65.9B | ¥65.1B | ¥74.2B |
| Current liabilities | ¥34.9B | ¥33.1B | ¥28.5B | ¥29.2B | ¥29.2B |
| Trade payables | ¥15.3B | ¥17.1B | ¥11.6B | ¥11.6B | ¥13.8B |
| Short-term borrowings | ¥5.14B | ¥4.85B | ¥4.75B | ¥4.61B | ¥3.75B |
| Long-term borrowings | ¥152M | ¥4.11B | ¥4.1B | — | ¥4.1B |
| Total liabilities | ¥46B | ¥47.8B | ¥40.2B | ¥35.4B | ¥38.8B |
| Non-controlling interests | ¥352M | ¥441M | ¥462M | ¥473M | ¥522M |
| Equity attributable to owners of parent | ¥33.2B | ¥36B | ¥40.2B | ¥43.3B | ¥47.9B |
| Retained earnings | ¥23B | ¥25.6B | ¥29.7B | ¥31.9B | ¥36.4B |
| Treasury stock | -¥2.26B | -¥1.98B | -¥2.04B | -¥985M | -¥867M |
EDINET (FSA Japan)
有価証券報告書－第86期(2025/04/01－2026/03/31)
EDINET (FSA Japan)
有価証券報告書－第85期(2024/04/01－2025/03/31)
EDINET (FSA Japan)
有価証券報告書－第84期(2023/04/01－2024/03/31)
EDINET (FSA Japan)
有価証券報告書－第83期(2022/04/01－2023/03/31)
EDINET (FSA Japan)
有価証券報告書－第82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81期(令和2年4月1日－令和3年3月31日)
Extracted from XBRL: 54 / Derived from other figures: 1
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