Vizora日本語

Marui GroupMARUI GROUP CO.,LTD.8252東証プライム小売業FY ending Mar 2026, consolidated, J-GAAP

Marui Group revenue and profit

Out of every ¥100 of sales, about ¥18 is left as operating profit. Revenue changed +8.8% from the prior year, operating profit +12.8%.

Five-year trend

Revenue¥276.9B
FY ending Mar 2022: ¥209.3B¥209.3BFY ending Mar 2023: ¥217.9B¥217.9BFY ending Mar 2024: ¥235.2B¥235.2BFY ending Mar 2025: ¥254.4B¥254.4BFY ending Mar 2026: ¥276.9B¥276.9BFY22FY23FY24FY25FY26
Operating income¥50.2B
FY ending Mar 2022: ¥36.8B¥36.8BFY ending Mar 2023: ¥38.8B¥38.8BFY ending Mar 2024: ¥41B¥41BFY ending Mar 2025: ¥44.5B¥44.5BFY ending Mar 2026: ¥50.2B¥50.2BFY22FY23FY24FY25FY26
Operating margin18.1%
FY ending Mar 2022: 17.6%17.6%FY ending Mar 2023: 17.8%17.8%FY ending Mar 2024: 17.4%17.4%FY ending Mar 2025: 17.5%17.5%FY ending Mar 2026: 18.1%18.1%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin10.3%
Asset turnover0.25×
ROA2.6%
ROA2.6%
Financial leverage4.68×
ROE12.2%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin10.3%
2022: 8.5%8.5%2023: 9.9%9.9%2024: 10.5%10.5%2025: 10.5%10.5%2026: 10.3%10.3%2223242526
Asset turnover0.25×
2022: 0.23×0.23×2023: 0.23×0.23×2024: 0.24×0.24×2025: 0.25×0.25×2026: 0.25×0.25×2223242526
ROA2.6%
2022: 1.9%1.9%2023: 2.3%2.3%2024: 2.5%2.5%2025: 2.6%2.6%2026: 2.6%2.6%2223242526
Financial leverage4.68×
2022: 3.59×3.59×2023: 3.79×3.79×2024: 4.04×4.04×2025: 4.27×4.27×2026: 4.68×4.68×2223242526
ROE12.2%
2022: 6.9%6.9%2023: 8.6%8.6%2024: 10.1%10.1%2025: 11.0%11.0%2026: 12.2%12.2%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20228.5%0.23×1.9%3.59×6.9%
20239.9%0.23×2.3%3.79×8.6%
202410.5%0.24×2.5%4.04×10.1%
202510.5%0.25×2.6%4.27×11.0%
202610.3%0.25×2.6%4.68×12.2%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue61.0%
2021: 83.9%83.9%2022: 80.9%80.9%2023: 77.0%77.0%2024: 73.7%73.7%2025: 66.5%66.5%2026: 61.0%61.0%212223242526
PPE ÷ total assets14.8%
2021: 19.2%19.2%2022: 18.4%18.4%2023: 17.4%17.4%2024: 17.3%17.3%2025: 16.1%16.1%2026: 14.8%14.8%212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

Receivable days9d
2021: 9d9d2022: 8d8d2023: 8d8d2024: 10d10d2025: 12d12d2026: 9d9d212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue209,323217,854235,227254,392276,862
Cost of revenue28,24926,11129,60831,63534,585
Gross profit181,073191,742205,619222,757242,276
SG&A144,288152,971164,593178,241192,065
Operating income36,78438,77141,02544,51550,211
Pretax income26,32632,48237,49539,35541,604
Income tax8,62510,94912,83512,59112,853
Net income attributable to owners17,79121,47324,66726,58828,476
Operating margin17.6%17.8%17.4%17.5%18.1%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

5%
1%
Property, plant and equipment 15%
1%
3%
Other assets 75%

Funding

Interest-bearing debt 58%
Other liabilities 20%
Equity 22%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥39.7B¥52.4B¥64.6B¥49.3B¥53.5B
Total assets¥920B¥962B¥1T¥1.05T¥1.14T
Net assets¥262.1B¥246.6B¥253.6B¥246.6B¥244.8B
Share capital¥35.9B¥35.9B¥35.9B¥35.9B¥35.9B
Trade receivables¥4.75B¥4.83B¥6.16B¥8.19B¥6.92B
Property, plant and equipment¥169.3B¥167.7B¥173.3B¥169.1B¥168.9B
Intangible assets excluding goodwill¥8.91B¥9.66B¥10.7B¥13.8B¥12.2B
Investment securities¥36B¥38.5B¥39.5B¥46.5B¥39.2B
Current assets¥648B¥675.9B¥709B¥737.6B¥834.1B
Current liabilities¥266.1B¥258.4B¥245.7B¥276.6B¥346.1B
Short-term borrowings¥111.2B¥103.9B¥87.3B¥91.4B¥129.8B
Long-term borrowings¥301.7B¥352.6B¥385.6B¥414.9B¥455.3B
Bonds¥61.3B¥81.3B¥100B¥100B¥80B
Interest-bearing debt¥474.2Bderived¥537.8Bderived¥572.9Bderived¥606.3Bderived¥665.1Bderived
Total liabilities¥658B¥715.4B¥749.9B¥806.7B¥896.5B
Non-controlling interests¥438M¥417M¥377M¥496M¥635M
Equity attributable to owners of parent¥256.5B¥240.2B¥246.3B¥235.3B¥233.4B
Retained earnings¥147.1B¥155.1B¥164.5B¥171.5B¥119.6B
Treasury stock-¥18.3B-¥42.8B-¥46.1B-¥64.2B-¥10.1B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    訂正有価証券報告書－第90期(2025/04/01－2026/03/31)

    ID S100YWE42026-08-13Open

  • EDINET (FSA Japan)

    有価証券報告書－第89期(2024/04/01－2025/03/31)

    ID S100W1HA2025-06-23Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第88期(2023/04/01－2024/03/31)

    ID S100U2SH2024-07-19Open

  • EDINET (FSA Japan)

    有価証券報告書－第87期(2022/04/01－2023/03/31)

    ID S100R5Z52023-06-27Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第86期(令和3年4月1日－令和4年3月31日)

    ID S100OQY02022-07-19Open

  • EDINET (FSA Japan)

    有価証券報告書－第85期(令和2年4月1日－令和3年3月31日)

    ID S100LQTO2021-06-25Open

Extracted from XBRL: 53 / Derived from other figures: 2

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.

Open MarkdownShare on XSave image