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6861 · TSE · Japan · Technology
In shortKeyence Corporation is profitable.
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 51.0% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 38.1% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 13.5% | 68/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | – | n/a |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 10.54× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | – | n/a |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 25.57 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 34.4% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.90× | 75/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 4 | 100/100 |
| Revenue growth volatility | 7.4% | 84/100 |
| Operating margin volatility | 0.7% | 100/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 8.2% | 62/100 |
|---|---|---|
| EPS growth, 3-year average | 7.0% | 60/100 |
Weight in the score: 10%
Fiscal year 2026 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 5 fiscal years from the company's annual reports.
JPY millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 755,174 | 922,422 | 967,288 | 1,059,145 | 1,169,289 |
| Cost of revenue | – | – | – | 171,444 | 198,552 |
| Gross profit | – | – | – | 887,700 | 970,737 |
| Research & development | – | – | – | 28,856 | 32,839 |
| Selling, general & admin | – | – | – | 337,925 | 374,978 |
| Operating income | – | – | – | 549,775 | 595,759 |
| Pre-tax income | – | – | – | 561,010 | 635,756 |
| Income tax | – | – | – | 162,353 | 190,570 |
| Net income | 303,360 | 362,963 | 369,642 | 398,656 | 445,185 |
| Diluted EPS | ¥1,250.83 | ¥1,496.60 | ¥1,524.14 | ¥1,643.77 | ¥1,835.63 |
25.57 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: EDINET (FSA Japan). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Mar 20, 2026 · Data updated Jun 15, 2026