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M

Musashi Co 7521.T · JPY

Industrials · Tokyo Stock Exchange · 🇯🇵 Japan

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2,600

-0.38%

Close of 9 Nov 2026, in JPY

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At a glance

Figures in JPY, from our data supplier.

FY2026

Revenue

¥40.59bn

FY2017FY2026

Net income

¥2.80bn

FY2017FY2026

Free cash flow

¥2.16bn

FY2017FY2026

Shareholders' equity

¥36.94bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥40.59bn¥37.39bn¥33.14bn¥37.07bn¥36.21bn¥30.26bn¥37.59bn¥37.13bn¥37.30bn¥35.27bn
Gross profit¥11.78bn¥10.56bn¥7.95bn¥9.29bn¥8.61bn¥6.61bn¥8.54bn¥7.70bn¥8.04bn¥7.27bn
Research and development—¥532.0m¥353.0m¥220.0m¥164.0m¥165.0m¥126.0m¥136.0m¥106.0m¥122.0m
Operating income¥4.68bn¥3.37bn¥1.12bn¥2.66bn¥1.79bn−¥96.0m¥1.05bn¥339.0m¥961.0m¥1.13bn
Net income¥2.80bn¥3.43bn¥767.0m¥1.76bn¥981.0m−¥28.0m¥865.0m¥183.0m¥742.0m¥781.0m
Diluted earnings per share411.35503.65112.56258.57143.96-4.11120.4224.5999.68104.92

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets¥52.85bn¥49.81bn¥45.03bn¥43.89bn¥43.48bn¥41.31bn¥42.91bn¥44.21bn¥44.83bn¥41.18bn
Cash and short-term investments¥23.57bn¥22.29bn¥16.66bn¥20.68bn¥19.48bn¥18.48bn¥20.18bn¥18.75bn¥19.66bn¥19.61bn
Total liabilities¥15.91bn¥15.84bn¥14.83bn¥15.19bn¥16.45bn¥14.28bn¥15.70bn¥17.05bn¥17.38bn¥14.32bn
Debt¥3.52bn¥3.64bn¥3.64bn¥3.73bn¥3.90bn¥3.52bn¥3.52bn¥3.52bn¥3.52bn¥3.52bn
Shareholders' equity¥36.94bn¥33.97bn¥30.20bn¥28.70bn¥27.02bn¥27.03bn¥27.20bn¥27.15bn¥27.44bn¥26.86bn
Shares outstanding7m7m7m7m7m7m7m7m7m7m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations¥2.56bn¥3.33bn−¥322.0m¥1.59bn¥2.60bn−¥689.0m¥2.77bn−¥585.0m¥2.37bn¥2.50bn
Capital spending−¥401.0m−¥209.0m−¥380.0m−¥230.0m−¥678.0m−¥203.0m−¥695.0m−¥219.0m−¥261.0m−¥208.0m
Free cash flow¥2.16bn¥3.12bn−¥702.0m¥1.36bn¥1.92bn−¥892.0m¥2.07bn−¥804.0m¥2.11bn¥2.29bn
Dividends paid−¥395.0m−¥347.0m−¥238.0m−¥306.0m−¥209.0m−¥198.0m−¥238.0m−¥238.0m−¥239.0m−¥208.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue¥7.39bn¥12.48bn¥8.17bn¥9.97bn¥9.97bn¥9.16bn¥11.65bn¥8.79bn
Gross profit¥1.70bn¥4.09bn¥1.81bn¥2.98bn¥2.90bn¥2.39bn¥4.21bn¥2.04bn
Operating income¥6.0m¥2.19bn¥129.0m¥1.17bn¥1.19bn¥519.0m¥2.23bn¥312.0m
Net income−¥32.0m¥1.51bn¥15.0m¥488.0m¥785.0m¥338.0m¥1.59bn¥1.33bn
Diluted earnings per share-4.70222.332.2071.61115.2049.60233.04194.73
Total assets¥50.16bn¥52.85bn¥50.06bn¥50.30bn¥49.32bn¥49.81bn¥48.40bn¥46.32bn
Cash and short-term investments¥23.39bn¥23.57bn¥22.28bn¥23.82bn¥21.94bn¥22.29bn¥21.16bn¥18.73bn
Debt¥3.52bn¥3.52bn¥3.52bn¥3.52bn¥3.52bn¥3.60bn¥3.52bn¥3.52bn
Shareholders' equity¥36.99bn¥36.94bn¥35.04bn¥35.26bn¥34.57bn¥33.97bn¥33.41bn¥31.67bn

Financial ratios

Data as of 29 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin29.0%28.2%24.0%25.1%23.8%21.8%—
Operating margin11.5%9.0%3.4%7.2%4.9%-0.3%—
Net margin6.9%9.2%2.3%4.8%2.7%-0.1%—
Return on equity7.6%10.1%2.5%6.1%3.6%-0.1%—
Return on assets5.3%6.9%1.7%4.0%2.3%-0.1%—
Free cash flow yield16.2%19.3%0.3%9.9%17.9%-2.7%—
Revenue growth8.5%12.8%-10.6%2.4%19.7%-19.5%—
Earnings growth-18.3%347.5%-56.5%79.6%-3603.6%-103.2%—
Current ratio2.91x2.72x2.70x2.58x2.30x2.48x—
Debt to equity0.10x0.11x0.12x0.12x0.13x0.13x—
Equity ratio69.9%68.2%67.1%65.4%62.2%65.4%—
Interest coverage79.29x73.35x28.62x64.85x44.65x-2.82x—
R&D as a share of sales—1.4%1.1%0.6%0.5%0.5%0.3%
Buybacks as a share of market value0.0%0.0%0.0%0.0%0.0%5.1%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue3.1%6.0%1.3%
Operating income20.7%—17.6%
Net income16.7%—14.0%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin28.6%26.7%25.5%23.5%
Operating margin10.3%8.0%6.3%4.5%
Net margin8.0%5.9%4.5%3.3%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings6.34.714.87.010.1-430.016.782.722.117.5
Price to sales0.40.40.30.30.30.40.40.40.40.4

Dividends and splits

Per share, in the currency the company pays

Paid for 32 years. Last went ex-dividend on 30 Mar 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year54.0033.0027.0024.0024.0024.0024.0024.00

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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