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ZuikoZUIKO CORPORATION6279東証プライム機械FY ending Feb 2026, consolidated, J-GAAP

Zuiko revenue and profit

Out of every ¥100 of sales, about ¥1 is left as operating profit. Revenue changed +6.1% from the prior year, and it swung back to an operating profit.

Five-year trend

Revenue¥21.2B
FY ending Feb 2022: ¥23.6B¥23.6BFY ending Feb 2023: ¥26.5B¥26.5BFY ending Feb 2024: ¥21.7B¥21.7BFY ending Feb 2025: ¥20B¥20BFY ending Feb 2026: ¥21.2B¥21.2BFY22FY23FY24FY25FY26
Operating income¥162.7M
FY ending Feb 2022: ¥2.15B¥2.15BFY ending Feb 2023: ¥1.8B¥1.8BFY ending Feb 2024: ¥1.03B¥1.03BFY ending Feb 2025: -¥300.1M-¥300.1MFY ending Feb 2026: ¥162.7M¥162.7MFY22FY23FY24FY25FY26
Operating margin0.8%
FY ending Feb 2022: 9.1%9.1%FY ending Feb 2023: 6.8%6.8%FY ending Feb 2024: 4.7%4.7%FY ending Feb 2025: -1.5%-1.5%FY ending Feb 2026: 0.8%0.8%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin9.3%
Asset turnover0.40×
ROA3.8%
ROA3.8%
Financial leverage1.66×
ROE6.2%

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

Net margin9.3%
2022: 7.4%7.4%2023: 10.1%10.1%2024: 6.3%6.3%2026: 9.3%9.3%2223242526
Asset turnover0.40×
2022: 0.47×0.47×2023: 0.53×0.53×2024: 0.44×0.44×2026: 0.40×0.40×2223242526
ROA3.8%
2022: 3.5%3.5%2023: 5.3%5.3%2024: 2.8%2.8%2025: -1.5%-1.5%2026: 3.8%3.8%2223242526
Financial leverage1.66×
2022: 1.73×1.73×2023: 1.65×1.65×2024: 1.56×1.56×2026: 1.66×1.66×2223242526
ROE6.2%
2022: 6.0%6.0%2023: 8.8%8.8%2024: 4.3%4.3%2026: 6.2%6.2%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20227.4%0.47×3.5%1.73×6.0%
202310.1%0.53×5.3%1.65×8.8%
20246.3%0.44×2.8%1.56×4.3%
2025——×-1.5%—×—
20269.3%0.40×3.8%1.66×6.2%

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 ÷ revenue82.8%
2021: 63.2%63.2%2022: 68.9%68.9%2023: 60.7%60.7%2024: 67.1%67.1%2025: 77.6%77.6%2026: 82.8%82.8%212223242526
PPE ÷ total assets33.4%
2021: 34.5%34.5%2022: 32.4%32.4%2023: 32.4%32.4%2024: 29.6%29.6%2025: 29.6%29.6%2026: 33.4%33.4%212223242526
Goodwill ÷ parent equity0.2%
2025: 0.2%0.2%2026: 0.2%0.2%212223242526
Goodwill balance¥55.4M
2025: ¥60.5M¥60.5M2026: ¥55.4M¥55.4M212223242526

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¥183M
2021: ¥233M¥233M2022: ¥549M¥549M2023: ¥857M¥857M2024: ¥332M¥332M2025: ¥132M¥132M2026: ¥183M¥183M212223242526
R&D / revenue0.9%
2021: 1.0%1.0%2022: 2.3%2.3%2023: 3.2%3.2%2024: 1.5%1.5%2025: 0.7%0.7%2026: 0.9%0.9%212223242526
Receivable days—
2021: 99d99d2022: 75d75d212223242526
Payable days47d
2021: 41d41d2022: 35d35d2023: 36d36d2024: 24d24d2025: 49d49d2026: 47d47d212223242526

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 Feb 2022FY ending Feb 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Revenue23,58126,50521,73819,95121,170
Cost of revenue18,24320,75217,13317,31617,965
Gross profit5,3385,7534,6052,6353,205
SG&A3,1923,9503,5772,9353,042
Operating income2,1461,8031,028-300163
Pretax income2,3653,4411,8804762,051
Income tax6287765011,264104
Net income attributable to owners1,7372,6651,379-7781,973
Operating margin9.1%6.8%4.7%-1.5%0.8%

Balance sheet (reported items)

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

Assets

Cash 18%
Property, plant and equipment 33%
1%
3%
Other assets 45%

Funding

5%
Other liabilities 26%
Equity 69%
0%

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

ItemFY ending Feb 2022FY ending Feb 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Cash and equivalents¥9.4B¥7.88B¥7.92B¥9.73B¥9.4B
Total assets¥50.2B¥49.6B¥49.3B¥52.4B¥52.4B
Net assets¥30.1B¥33.1B¥34.8B¥34.3B¥36.3B
Share capital¥1.89B¥1.89B¥1.89B¥1.89B¥1.89B
Trade receivables¥4.84B————
Property, plant and equipment¥16.2B¥16.1B¥14.6B¥15.5B¥17.5B
Intangible assets excluding goodwill¥816.6M¥717.3M¥647.3M¥653.2M¥620.8M
Goodwill———¥60.5M¥55.4M
Investment securities¥1.57B¥1.31B¥1.43B¥651.7M¥1.28B
Current assets¥31.1B¥31.2B¥32.4B¥35.5B¥32.7B
Current liabilities¥11.9B¥8.63B¥6.9B¥15B¥8.79B
Trade payables¥1.74B¥2.03B¥1.11B¥2.33B¥2.29B
Long-term borrowings¥2.75B¥2.5B¥2.25B¥2.16B¥5.88B
Bonds¥5B¥5B¥5B——
Total liabilities¥20.2B¥16.6B¥14.5B¥18.1B¥16.1B
Non-controlling interests———¥40.6M¥50.4M
Equity attributable to owners of parent¥29.1B¥31.5B¥31.9B¥30.8B¥32.5B
Retained earnings¥25B¥27.4B¥27.8B¥26.6B¥28.3B
Treasury stock-¥591.9M-¥578M-¥561.1M-¥550.4M-¥547M

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第63期(2025/02/21－2026/02/20)

    ID S100Y3PF2026-05-14Open

  • EDINET (FSA Japan)

    有価証券報告書－第62期(2024/02/21－2025/02/20)

    ID S100VRJK2025-05-16Open

  • EDINET (FSA Japan)

    有価証券報告書－第61期(2023/02/21－2024/02/20)

    ID S100TGHZ2024-05-17Open

  • EDINET (FSA Japan)

    有価証券報告書－第60期(2022/02/21－2023/02/20)

    ID S100QSD02023-05-18Open

  • EDINET (FSA Japan)

    有価証券報告書－第59期(令和3年2月21日－令和4年2月20日)

    ID S100O2NV2022-05-17Open

  • EDINET (FSA Japan)

    有価証券報告書－第58期(令和2年2月21日－令和3年2月20日)

    ID S100LCTZ2021-05-18Open

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

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