Earnings quality
Compare earnings and operating cash flow for earnings quality.
Fujikura Ltd.
Ticker 5803 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-23 · Period end 2026-03-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 16.0%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin16.0%
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
株式会社フジクラ is a Japanese listed company. Its reportable segments include Real Estate, Operating Segments Not Included In, Total Of, Telecommunication Systems.
- Real Estate
- Operating Segments Not Included In
- Total Of
- Telecommunication Systems
- Electronics Business
- Automotive Products
- Power Systems
- Description Of
Segments Real Estate · Operating Segments Not Included In · Total Of · Telecommunication Systems · Electronics Business · Automotive Products
Compare trends
No phone/email found in this filing · Filing date 2026-06-23
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥979.4B | ¥1.2T |
| Cost of sales* | ¥718.9B | ¥850.1B |
| Gross profit | ¥260.4B | ¥332.3B |
| Operating profit (loss) | ¥135.5B | ¥188.7B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥26.9B | ¥42.6B |
| Profit (loss) | ¥94.5B | ¥162.0B |
| Profit (loss) attributable to owners | ¥91.1B | ¥157.2B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥184.2B | ¥178.9B |
| Current assets | ¥561.3B | ¥657.6B |
| Non-current assets | ¥269.0B | ¥311.9B |
| Total assets | ¥830.3B | ¥969.5B |
| Short-term borrowings | ¥76.9B | ¥24.7B |
| Current liabilities | ¥281.1B | ¥277.9B |
| Non-current liabilities* | ¥113.9B | ¥98.3B |
| Total liabilities | ¥395.0B | ¥376.3B |
| 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 | ¥115.9B | ¥132.9B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥57.4B | -¥111.3B |
| Net increase (decrease) in cash | ¥37.2B | -¥5.3B |
| Cash at end of period | ¥184.2B | ¥178.9B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥670.4B | ¥806.5B | ¥799.8B | ¥979.4B | ¥1.2T | |
| Operating profit | ¥34.1B | ¥67.9B | ¥69.7B | ¥137.2B | ¥199.5B | |
| Profit to owners | — | — | — | ¥91.1B | ¥157.2B | |
| Total assets | ¥611.5B | ¥656.8B | ¥723.9B | ¥830.3B | ¥969.5B | |
| Cash & equivalents | — | — | ¥147.0B | ¥184.2B | ¥178.9B | |
| Owners’ equity | ¥243.7B | ¥294.4B | ¥366.6B | ¥435.3B | ¥593.2B |
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 ¥979.4B to ¥1.2T (▲ +20.7%), so the top line did not break. Gross profit only slipped from ¥260.4B to ¥332.3B, while operating profit swung from ¥135.5B to ¥188.7B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥132.9B (prior ¥115.9B), and cash on the balance sheet rose to ¥178.9B from ¥184.2B. 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.
Goodwill on the balance sheet fell from ¥8.5B to ¥7.5B, consistent with heavy write-downs of past acquisitions’ carrying values.
The balance sheet got heavier on leverage. Total liabilities rose to ¥376.3B while owners’ equity fell to —. ROE moved from 24.3% to 32.5%, and the equity ratio from 49.1% to 57.8%. Employee count is 50,586 vs 51,262 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 S100YGP3
(株式会社フジクラ), period end 2026-03-31.