Ushio Inc. (TYO:6925)

Ushio Financials Overview

Financials in millions JPY. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	201,324	179,211	177,616	179,420	175,025	148,821
Revenue Growth	16.11%	0.90%	-1.00%	2.51%	17.61%	25.53%
Gross Profit Gross Profit Growth	75,881	65,518	62,216	64,916	63,216	54,029
Operating Income Operating Income Growth	17,733	11,959	8,827	12,977	15,863	13,069
Net Income Net Income Growth	13,122	7,995	6,797	10,785	13,699	12,606
Earnings Per Share EPS Growth	162.96	94.88	70.27	97.22	115.69	104.54
EPS Growth	209.77%	35.02%	-27.72%	-15.96%	10.66%	-

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Industrial Process Business Industrial Process Business Growth	89,077	77,142	78,932	82,131	-	-
Visual Imaging Business Visual Imaging Business Growth	92,368	83,882	80,906	80,557	-	-
Unallocated Adjustment Amount Unallocated Adjustment Amount Growth	-15	-21	-26	-61	-53	-77
Photonics Solution Business Photonics Solution Business Growth	11,997	10,585	10,311	10,250	-	-
Others Others Growth	1,296	1,362	1,382	1,327	4,113	3,486
Life Science Business Life Science Business Growth	6,599	6,259	6,110	5,215	-	-
Total Total Growth	201,322	179,209	177,615	179,419	175,023	148,819

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	75,906	77,980	63,548	69,771	66,810	93,624
Total Debt Total Debt Growth	64,118	74,607	41,398	32,851	8,316	18,587
Net Cash (Debt) Net Cash Growth	11,788	3,373	22,150	36,920	58,494	75,037
Net Cash Growth	-15.49%	-84.77%	-40.01%	-36.88%	-22.05%	44.44%
Net Cash Per Share Net Cash Per Share Growth	146.39	40.03	228.99	332.81	493.98	622.27

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	22,848	18,144	20,424	8,966	871	21,628
Capital Expenditures CapEx Growth	-6,059	-8,599	-13,641	-7,936	-7,767	-5,958
Free Cash Flow Free Cash Flow Growth	16,789	9,545	6,783	1,030	-6,896	15,670
Free Cash Flow Growth	34.80%	40.72%	558.54%	-	-	90.80%

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	37.69%	36.56%	35.03%	36.18%	36.12%	36.30%
Operating Margin	8.81%	6.67%	4.97%	7.23%	9.06%	8.78%
Pretax Margin	10.81%	8.49%	7.89%	8.74%	11.55%	10.59%
Profit Margin	6.52%	4.46%	3.83%	6.01%	7.83%	8.47%
FCF Margin	8.34%	5.33%	3.82%	0.57%	-3.94%	10.53%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 11, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	70.000	70.000	70.000	50.000	50.000	50.000
Dividend Per Share Growth	0%	0%	40.00%	0%	0%	92.31%
Dividend Yield	2.17%	2.47%	3.72%	2.56%	3.09%	2.74%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 11, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	19.81	28.33	24.53	18.52	13.88	17.47
Forward PE	17.11	23.92	18.64	19.53	22.26	17.83
P/FCF Ratio	15.26	23.73	24.58	193.87	-	14.05
PS Ratio	1.27	1.26	0.94	1.11	1.09	1.48

Data Source: S&P Global Market Intelligence Last updated: Nov 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 11, 2026

Data Sources Report a data error