Earnings quality
Compare earnings and operating cash flow for earnings quality.
JTEKT Corporation
Ticker 6473 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-19 · Period end 2026-03-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
equity ratio is 50.1%.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin—
Equity ratio50.1%
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
株式会社ジェイテクト is a Japanese listed company whose core business is the manufacture and sale of machine tools, based on its annual securities report business description.
- machine tools
Segments Industrial Machine And Bearing · Machine Tools · Mobilities
Compare trends
No phone/email found in this filing · Filing date 2026-06-19
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | — | — |
| Cost of sales* | — | — |
| Gross profit | ¥281.3B | ¥297.0B |
| Operating profit (loss) | ¥38.5B | ¥24.8B |
| Finance income | ¥8.5B | ¥16.6B |
| Finance costs | ¥17.1B | ¥14.6B |
| Income tax expense | ¥14.3B | ¥13.0B |
| Profit (loss) | ¥16.5B | ¥14.4B |
| Profit (loss) attributable to owners | ¥13.7B | ¥12.0B |
| Basic EPS (¥) | 40.36 | 37.62 |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥119.1B | ¥137.6B |
| Current assets | ¥762.8B | ¥799.2B |
| Non-current assets | ¥802.5B | ¥778.5B |
| Total assets | ¥1.6T | ¥1.6T |
| Short-term borrowings | — | — |
| Current liabilities | ¥482.2B | ¥507.0B |
| Non-current liabilities* | ¥305.7B | ¥245.4B |
| Total liabilities | ¥787.9B | ¥752.5B |
| Equity attributable to owners | ¥745.0B | ¥790.2B |
| Total equity | ¥777.5B | ¥825.2B |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥80.2B | ¥108.5B |
| Cash flows from investing activities | -¥75.9B | -¥52.7B |
| Cash flows from financing activities | -¥52.1B | -¥47.0B |
| Net increase (decrease) in cash | -¥48.0B | ¥18.5B |
| Cash at end of period | ¥119.1B | ¥137.6B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥1.4T | ¥1.7T | ¥1.9T | ¥1.9T | ¥1.9T | |
| Operating profit | — | — | — | ¥38.5B | ¥24.8B | |
| Profit to owners | ¥20.7B | ¥34.3B | ¥40.3B | ¥13.7B | ¥12.0B | |
| Total assets | ¥1.4T | ¥1.4T | ¥1.6T | ¥1.6T | ¥1.6T | |
| Cash & equivalents | ¥124.3B | ¥123.8B | ¥167.0B | ¥119.1B | ¥137.6B | |
| Owners’ equity | ¥624.0B | ¥667.2B | ¥789.0B | ¥745.0B | ¥790.2B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from — to — (—), so the top line did not break. Gross profit only slipped from ¥281.3B to ¥297.0B, while operating profit swung from ¥38.5B to ¥24.8B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥108.5B (prior ¥80.2B), and cash on the balance sheet rose to ¥137.6B from ¥119.1B. 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 ¥8.4B to ¥8.2B, consistent with heavy write-downs of past acquisitions’ carrying values.
The balance sheet got heavier on leverage. Total liabilities rose to ¥752.5B while owners’ equity fell to ¥790.2B. ROE moved from 1.8% to 1.6%, and the equity ratio from 47.6% to 50.1%.
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 S100YEL3
(株式会社ジェイテクト), period end 2026-03-31.