A.D.Works GroupA.D.Works Group Co.,Ltd.2982東証プライム不動産業FY ending Dec 2025, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥7 is left as operating profit. Revenue changed +35.3% from the prior year, operating profit +55.1%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2021 | 1.3% | 0.59× | 0.7% | 2.86× | 2.1% |
| 2022 | 1.9% | 0.58× | 1.1% | 3.19× | 3.5% |
| 2023 | 3.4% | 0.74× | 2.5% | 3.55× | 9.0% |
| 2024 | 3.2% | 0.84× | 2.7% | 3.50× | 9.5% |
| 2025 | 4.9% | 1.02× | 5.0% | 3.48× | 17.5% |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
| Item | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 24,961 | 27,856 | 41,343 | 49,911 | 67,532 |
| Cost of revenue | 20,230 | 22,471 | 34,323 | 41,275 | 55,457 |
| Gross profit | 4,731 | 5,385 | 7,020 | 8,636 | 12,075 |
| SG&A | 3,798 | 4,009 | 4,578 | 5,419 | 7,087 |
| Operating income | 933 | 1,377 | 2,442 | 3,217 | 4,988 |
| Pretax income | 650 | 911 | 2,066 | 2,548 | 5,191 |
| Income tax | 337 | 367 | 646 | 943 | 1,891 |
| Net income attributable to owners | 312 | 527 | 1,420 | 1,611 | 3,315 |
| Operating margin | 3.7% | 4.9% | 5.9% | 6.4% | 7.4% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥8.4B | ¥7.42B | ¥9.73B | ¥10.1B | ¥11.6B |
| Total assets | ¥42B | ¥53.4B | ¥58.9B | ¥59.8B | ¥72.1B |
| Net assets | ¥14.8B | ¥15.9B | ¥17.2B | ¥18.8B | ¥20.6B |
| Share capital | ¥6.08B | ¥6.23B | ¥6.26B | ¥6.28B | ¥6.35B |
| Property, plant and equipment | ¥182.3M | ¥156.9M | ¥6.56B | ¥9.11B | ¥11.2B |
| Intangible assets excluding goodwill | ¥80.9M | ¥85M | ¥429.7M | ¥447.1M | ¥451.6M |
| Goodwill | ¥42.3M | — | ¥327.3M | ¥295.6M | ¥264M |
| Investment securities | ¥366.4M | ¥779M | ¥661.1M | ¥480.5M | ¥487.4M |
| Current assets | ¥40.8B | ¥51.7B | ¥50.3B | ¥48.7B | ¥58.9B |
| Current liabilities | ¥6.25B | ¥9.1B | ¥15B | ¥10.1B | ¥12.9B |
| Short-term borrowings | ¥253M | ¥71M | ¥779.4M | ¥432M | ¥606M |
| Long-term borrowings | ¥20.7B | ¥27.6B | ¥26B | ¥30.5B | ¥38B |
| Bonds | ¥185M | ¥719.1M | ¥675.9M | ¥361M | ¥595.2M |
| Interest-bearing debt | ¥21.1Bderived | ¥28.4Bderived | ¥27.4Bderived | ¥31.3Bderived | ¥39.2Bderived |
| Total liabilities | ¥27.2B | ¥37.5B | ¥41.7B | ¥41B | ¥51.5B |
| Non-controlling interests | ¥29.6M | ¥48.7M | ¥31.3M | ¥20.4M | -¥3.2M |
| Equity attributable to owners of parent | ¥14.7B | ¥15.2B | ¥16.4B | ¥17.5B | ¥20.4B |
| Retained earnings | ¥3.59B | ¥3.95B | ¥4.98B | ¥6.15B | ¥8.82B |
| Treasury stock | -¥50.3M | -¥295.7M | -¥235.7M | -¥288.1M | -¥233.3M |
EDINET (FSA Japan)
有価証券報告書－第6期(2025/01/01－2025/12/31)
EDINET (FSA Japan)
有価証券報告書－第5期(2024/01/01－2024/12/31)
EDINET (FSA Japan)
有価証券報告書－第4期(2023/01/01－2023/12/31)
EDINET (FSA Japan)
有価証券報告書－第3期(2022/01/01－2022/12/31)
EDINET (FSA Japan)
有価証券報告書－第2期(令和3年1月1日－令和3年12月31日)
EDINET (FSA Japan)
有価証券報告書－第1期(令和2年4月1日－令和2年12月31日)
Extracted from XBRL: 53 / Derived from other figures: 2
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