Yamaichi ElectronicsYAMAICHI ELECTRONICS CO.,LTD.6941東証プライム電気機器FY ending Mar 2026, consolidated, J-GAAP

Yamaichi Electronics revenue and profit

Out of every ¥100 of sales, about ¥22 is left as operating profit. Revenue changed +16.3% from the prior year, operating profit +40.5%.

Five-year trend

Revenue¥52.7B
FY ending Mar 2022: ¥39.6B¥39.6BFY ending Mar 2023: ¥47B¥47BFY ending Mar 2024: ¥36.4B¥36.4BFY ending Mar 2025: ¥45.3B¥45.3BFY ending Mar 2026: ¥52.7B¥52.7BFY22FY23FY24FY25FY26
Operating income¥11.6B
FY ending Mar 2022: ¥8.38B¥8.38BFY ending Mar 2023: ¥9.13B¥9.13BFY ending Mar 2024: ¥2.93B¥2.93BFY ending Mar 2025: ¥8.23B¥8.23BFY ending Mar 2026: ¥11.6B¥11.6BFY22FY23FY24FY25FY26
Operating margin21.9%
FY ending Mar 2022: 21.2%21.2%FY ending Mar 2023: 19.4%19.4%FY ending Mar 2024: 8.1%8.1%FY ending Mar 2025: 18.2%18.2%FY ending Mar 2026: 21.9%21.9%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin17.2%
Asset turnover0.90×
ROA15.6%
ROA15.6%
Financial leverage1.48×
ROE22.9%

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

Net margin17.2%
2022: 17.1%17.1%2023: 15.4%15.4%2024: 5.7%5.7%2025: 11.6%11.6%2026: 17.2%17.2%2223242526
Asset turnover0.90×
2022: 0.87×0.87×2023: 0.98×0.98×2024: 0.72×0.72×2025: 0.87×0.87×2026: 0.90×0.90×2223242526
ROA15.6%
2022: 14.9%14.9%2023: 15.1%15.1%2024: 4.1%4.1%2025: 10.0%10.0%2026: 15.6%15.6%2223242526
Financial leverage1.48×
2022: 1.45×1.45×2023: 1.44×1.44×2024: 1.44×1.44×2025: 1.46×1.46×2026: 1.48×1.48×2223242526
ROE22.9%
2022: 21.7%21.7%2023: 21.7%21.7%2024: 5.9%5.9%2025: 14.6%14.6%2026: 22.9%22.9%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202217.1%0.87×14.9%1.45×21.7%
202315.4%0.98×15.1%1.44×21.7%
20245.7%0.72×4.1%1.44×5.9%
202511.6%0.87×10.0%1.46×14.6%
202617.2%0.90×15.6%1.48×22.9%

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 ÷ revenue36.4%
2021: 47.5%47.5%2022: 34.4%34.4%2023: 33.7%33.7%2024: 52.4%52.4%2025: 40.9%40.9%2026: 36.4%36.4%212223242526
PPE ÷ total assets30.4%
2021: 37.1%37.1%2022: 30.0%30.0%2023: 31.4%31.4%2024: 37.4%37.4%2025: 34.7%34.7%2026: 30.4%30.4%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¥1.25B
2021: ¥835.2M¥835.2M2022: ¥1.12B¥1.12B2023: ¥1.14B¥1.14B2024: ¥868M¥868M2025: ¥1.01B¥1.01B2026: ¥1.25B¥1.25B212223242526
R&D / revenue2.4%
2021: 3.0%3.0%2022: 2.8%2.8%2023: 2.4%2.4%2024: 2.4%2.4%2025: 2.2%2.2%2026: 2.4%2.4%212223242526
Receivable days—
2021: 68d68d212223242526
Payable days41d
2021: 33d33d2022: 37d37d2023: 28d28d2024: 35d35d2025: 29d29d2026: 41d41d212223242526

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
Revenue39,57546,98536,42445,29952,699
Cost of revenue23,69329,23125,31927,79931,295
Gross profit15,88217,75511,10517,50021,404
SG&A7,5078,6208,1729,2759,847
Operating income8,3759,1342,9338,22511,557
Pretax income8,7659,4513,0847,35112,015
Income tax1,9902,2489712,1382,927
Net income attributable to owners6,7717,2122,0605,2419,074
Operating margin21.2%19.4%8.1%18.2%21.9%

Balance sheet (reported items)

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

Assets

Cash 27%
Property, plant and equipment 30%
3%
0%
Other assets 40%

Funding

6%
Other liabilities 20%
Equity 74%
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¥13.5B¥16.7B¥13.1B¥12.8B¥17.2B
Total assets¥45.4B¥50.4B¥51.1B¥53.4B¥63.3B
Net assets¥32B¥37B¥38.3B¥39.7B¥46.7B
Share capital¥10.1B¥10.1B¥10.1B¥10.1B¥10.1B
Property, plant and equipment¥13.6B¥15.8B¥19.1B¥18.5B¥19.2B
Intangible assets excluding goodwill¥244.9M¥229.5M¥517.3M¥993.3M¥1.56B
Investment securities¥57.1M¥58.2M¥67.7M¥65M¥71.4M
Current assets¥30.2B¥32.7B¥29.7B¥32.1B¥40.5B
Current liabilities¥10.7B¥10.4B¥9.23B¥10.4B¥13.3B
Trade payables¥2.38B¥2.22B¥2.45B¥2.24B¥3.53B
Short-term borrowings¥2.89B¥3.06B¥2.76B¥3.21B¥2.8B
Long-term borrowings¥300M¥450M¥410M¥370M¥30M
Total liabilities¥13.4B¥13.4B¥12.8B¥13.7B¥16.5B
Non-controlling interests¥126.2M¥122.7M¥189.9M¥142.9M¥158.2M
Equity attributable to owners of parent¥31.2B¥35.3B¥34.9B¥36.7B¥42.4B
Retained earnings¥22B¥26.8B¥25.3B¥29.6B¥36.9B
Treasury stock-¥2.65B-¥3.35B-¥2.09B-¥4.59B-¥6.39B

Sources

Show source documents (6)
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    有価証券報告書-第71期(2025/04/01-2026/03/31)

    ID S100YHIH2026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第70期(2024/04/01-2025/03/31)

    ID S100W32I2025-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第69期(2023/04/01-2024/03/31)

    ID S100TT1N2024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第68期(2022/04/01-2023/03/31)

    ID S100R69V2023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第67期(令和3年4月1日-令和4年3月31日)

    ID S100OH9H2022-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第66期(令和2年4月1日-令和3年3月31日)

    ID S100LPZF2021-06-25Open

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