Earnings quality
Compare earnings and operating cash flow for earnings quality.
IBIDEN Co., Ltd.
Ticker 4062 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-18 · Period end 2026-03-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 14.9%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin14.9%
Equity ratio—
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
イビデン株式会社 is a Japanese listed company. Its reportable segments include Ceramics, Electronics, Operating Segments Not Included In, Total Of.
- Ceramics
- Electronics
- Operating Segments Not Included In
- Total Of
- Description Of
- Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each
Segments Ceramics · Electronics · Operating Segments Not Included In · Total Of · Description Of · Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each
Compare trends
No phone/email found in this filing · Filing date 2026-06-18
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥369.4B | ¥416.2B |
| Cost of sales* | ¥256.1B | ¥284.5B |
| Gross profit | ¥113.3B | ¥131.7B |
| Operating profit (loss) | ¥47.6B | ¥62.0B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥17.4B | ¥26.9B |
| Profit (loss) | ¥34.0B | ¥64.2B |
| Profit (loss) attributable to owners | ¥33.7B | ¥63.7B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥390.7B | ¥292.9B |
| Current assets | ¥549.6B | ¥465.5B |
| Non-current assets | ¥532.1B | ¥494.9B |
| Total assets | ¥1.1T | ¥960.4B |
| Short-term borrowings | ¥50.0B | — |
| Current liabilities | ¥327.7B | ¥221.6B |
| Non-current liabilities* | ¥256.7B | ¥181.4B |
| Total liabilities | ¥584.4B | ¥403.0B |
| Equity attributable to owners | — | — |
| Total equity | — | — |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥118.9B | ¥106.4B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥7.1B | -¥157.5B |
| Net increase (decrease) in cash | -¥52.9B | -¥97.7B |
| Cash at end of period | ¥390.7B | ¥292.9B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥401.1B | ¥417.5B | ¥370.5B | ¥369.4B | ¥416.2B | |
| Operating profit | ¥74.4B | ¥76.2B | ¥51.1B | ¥47.9B | ¥60.8B | |
| Profit to owners | — | — | — | ¥33.7B | ¥63.7B | |
| Total assets | ¥664.3B | ¥857.5B | ¥1.1T | ¥1.1T | ¥960.4B | |
| Cash & equivalents | — | — | ¥443.6B | ¥390.7B | ¥292.9B | |
| Owners’ equity | ¥370.7B | ¥425.6B | ¥501.8B | ¥497.3B | ¥557.4B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from ¥369.4B to ¥416.2B (▲ +12.7%), so the top line did not break. Gross profit only slipped from ¥113.3B to ¥131.7B, while operating profit swung from ¥47.6B to ¥62.0B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥106.4B (prior ¥118.9B), and cash on the balance sheet rose to ¥292.9B from ¥390.7B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥403.0B while owners’ equity fell to —. ROE moved from 6.8% to 12.2%, and the equity ratio from 45.4% to 57.3%. Employee count is 11,105 vs 11,168 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Capital structure held relatively steady.
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Source: EDINET S100YC4B
(イビデン株式会社), period end 2026-03-31.