Vizora日本語

Airport FacilitiesAIRPORT FACILITIES Co.,LTD.8864東証スタンダード不動産業FY ending Mar 2026, consolidated, J-GAAP

Airport Facilities revenue and profit

Out of every ¥100 of sales, about ¥18 is left as operating profit. Revenue changed +18.2% from the prior year, operating profit +50.3%.

Five-year trend

Revenue¥36.8B
FY ending Mar 2022: ¥23.8B¥23.8BFY ending Mar 2023: ¥25.5B¥25.5BFY ending Mar 2024: ¥26B¥26BFY ending Mar 2025: ¥31.1B¥31.1BFY ending Mar 2026: ¥36.8B¥36.8BFY22FY23FY24FY25FY26
Operating income¥6.72B
FY ending Mar 2022: ¥3.28B¥3.28BFY ending Mar 2023: ¥2.5B¥2.5BFY ending Mar 2024: ¥3.18B¥3.18BFY ending Mar 2025: ¥4.47B¥4.47BFY ending Mar 2026: ¥6.72B¥6.72BFY22FY23FY24FY25FY26
Operating margin18.3%
FY ending Mar 2022: 13.8%13.8%FY ending Mar 2023: 9.8%9.8%FY ending Mar 2024: 12.3%12.3%FY ending Mar 2025: 14.4%14.4%FY ending Mar 2026: 18.3%18.3%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin9.5%
Asset turnover0.33×
ROA3.2%
ROA3.2%
Financial leverage1.95×
ROE6.2%

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

Net margin9.5%
2022: 3.5%3.5%2023: 6.1%6.1%2024: 7.8%7.8%2025: 8.3%8.3%2026: 9.5%9.5%2223242526
Asset turnover0.33×
2022: 0.23×0.23×2023: 0.25×0.25×2024: 0.25×0.25×2025: 0.28×0.28×2026: 0.33×0.33×2223242526
ROA3.2%
2022: 0.8%0.8%2023: 1.5%1.5%2024: 1.9%1.9%2025: 2.4%2.4%2026: 3.2%3.2%2223242526
Financial leverage1.95×
2022: 2.01×2.01×2023: 1.97×1.97×2024: 1.99×1.99×2025: 1.99×1.99×2026: 1.95×1.95×2223242526
ROE6.2%
2022: 1.6%1.6%2023: 3.0%3.0%2024: 3.8%3.8%2025: 4.7%4.7%2026: 6.2%6.2%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.5%0.23×0.8%2.01×1.6%
20236.1%0.25×1.5%1.97×3.0%
20247.8%0.25×1.9%1.99×3.8%
20258.3%0.28×2.4%1.99×4.7%
20269.5%0.33×3.2%1.95×6.2%

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 ÷ revenue148.1%
2021: 284.4%284.4%2022: 288.9%288.9%2023: 236.7%236.7%2024: 227.8%227.8%2025: 180.6%180.6%2026: 148.1%148.1%212223242526
PPE ÷ total assets48.6%
2021: 68.4%68.4%2022: 67.0%67.0%2023: 60.1%60.1%2024: 53.5%53.5%2025: 51.8%51.8%2026: 48.6%48.6%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 days—
2021: 21d21d212223242526
Payable days—
2021: 21d21d2022: 35d35d2023: 30d30d2024: 35d35d2025: 27d27d212223242526

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
Revenue23,77725,51625,95131,12136,792
Cost of revenue18,40520,90320,67224,35027,583
Gross profit5,3724,6135,2796,7709,208
SG&A2,0912,1102,0952,3002,488
Operating income3,2812,5043,1834,4696,719
Pretax income1,6952,1793,1633,4965,363
Income tax8045851,0298681,774
Net income attributable to owners8211,5642,0202,5773,479
Operating margin13.8%9.8%12.3%14.4%18.3%

Balance sheet (reported items)

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

Assets

Cash 12%
Property, plant and equipment 49%
0%
Investment securities 10%
Other assets 29%

Funding

Other liabilities 43%
Equity 57%

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¥9.61B¥8.6B¥10.8B¥7.16B¥13.2B
Total assets¥102.5B¥100.4B¥110.5B¥108.6B¥112B
Net assets¥55.3B¥57.4B¥60.8B¥62.6B¥64.4B
Share capital¥6.83B¥6.83B¥6.83B¥6.83B¥6.83B
Property, plant and equipment¥68.7B¥60.4B¥59.1B¥56.2B¥54.5B
Intangible assets excluding goodwill¥564.3M¥449.1M¥387.3M¥343M¥249M
Investment securities¥6.56B¥9.26B¥11.5B¥10.6B¥11.2B
Current assets¥24.6B¥28.9B¥38.5B¥39.4B¥44B
Current liabilities¥11.1B¥9.87B¥10.1B¥11.4B¥11.3B
Trade payables¥1.78B¥1.69B¥1.97B¥1.81B—
Short-term borrowings¥5.13B¥5.07B¥3.31B¥3.39B—
Long-term borrowings¥19.5B¥16.1B¥22.7B¥17.6B¥17.5B
Bonds¥6.1B¥6.1B¥6.1B¥6B¥6B
Interest-bearing debt¥30.8Bderived¥27.3Bderived¥32.1Bderived¥26.9Bderived—
Total liabilities¥47.2B¥43B¥49.7B¥46B¥47.7B
Non-controlling interests¥2.53B¥2.52B¥2.63B¥2.68B¥2.79B
Equity attributable to owners of parent¥50.9B¥51.8B¥54.3B¥56B¥57B
Retained earnings¥38.8B¥39.7B¥42B¥43.6B¥45.6B
Treasury stock-¥1.68B-¥1.63B-¥1.55B-¥1.49B-¥1.79B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第57期(2025/04/01－2026/03/31)

    ID S100YGNC2026-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第56期(2024/04/01－2025/03/31)

    ID S100W50W2025-06-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第55期(2023/04/01－2024/03/31)

    ID S100TTMC2024-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第54期(2022/04/01－2023/03/31)

    ID S100RAHQ2023-06-30Open

  • EDINET (FSA Japan)

    有価証券報告書－第53期(令和3年4月1日－令和4年3月31日)

    ID S100OKGQ2022-06-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第52期(令和2年4月1日－令和3年3月31日)

    ID S100LSRP2021-06-29Open

Extracted from XBRL: 52 / Derived from other figures: 1

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