Aizawa Securities GroupAIZAWA SECURITIES GROUP CO., LTD.8708東証プライム証券、商品先物取引業FY ending Mar 2026, consolidated, J-GAAP

Aizawa Securities Group revenue and profit

Operating profit was close to zero, a slight profit per ¥100 of sales. Revenue changed +1.9% from the prior year, operating profit -98.6%.

Five-year trend

Revenue¥21B
FY ending Mar 2022: ¥16.1B¥16.1BFY ending Mar 2023: ¥12.8B¥12.8BFY ending Mar 2024: ¥19B¥19BFY ending Mar 2025: ¥20.6B¥20.6BFY ending Mar 2026: ¥21B¥21BFY22FY23FY24FY25FY26
Operating income¥26M
FY ending Mar 2022: -¥533M-¥533MFY ending Mar 2023: -¥2.78B-¥2.78BFY ending Mar 2024: ¥1.16B¥1.16BFY ending Mar 2025: ¥1.89B¥1.89BFY ending Mar 2026: ¥26M¥26MFY22FY23FY24FY25FY26
Operating margin0.1%
FY ending Mar 2022: -3.3%-3.3%FY ending Mar 2023: -21.8%-21.8%FY ending Mar 2024: 6.1%6.1%FY ending Mar 2025: 9.2%9.2%FY ending Mar 2026: 0.1%0.1%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin13.1%
Asset turnover0.18×
ROA2.4%
ROA2.4%
Financial leverage3.30×
ROE7.8%

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

Net margin13.1%
2022: 18.1%18.1%2024: 15.7%15.7%2025: 15.4%15.4%2026: 13.1%13.1%2223242526
Asset turnover0.18×
2022: 0.15×0.15×2024: 0.17×0.17×2025: 0.18×0.18×2026: 0.18×0.18×2223242526
ROA2.4%
2022: 2.8%2.8%2023: -2.3%-2.3%2024: 2.7%2.7%2025: 2.7%2.7%2026: 2.4%2.4%2223242526
Financial leverage3.30×
2022: 2.17×2.17×2024: 2.49×2.49×2025: 2.88×2.88×2026: 3.30×3.30×2223242526
ROE7.8%
2022: 6.0%6.0%2024: 6.6%6.6%2025: 7.8%7.8%2026: 7.8%7.8%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202218.1%0.15×2.8%2.17×6.0%
2023——×-2.3%—×—
202415.7%0.17×2.7%2.49×6.6%
202515.4%0.18×2.7%2.88×7.8%
202613.1%0.18×2.4%3.30×7.8%

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 ÷ revenue53.6%
2021: 40.8%40.8%2022: 50.8%50.8%2023: 77.9%77.9%2024: 57.2%57.2%2025: 54.5%54.5%2026: 53.6%53.6%212223242526
PPE ÷ total assets9.0%
2021: 6.3%6.3%2022: 7.8%7.8%2023: 10.1%10.1%2024: 8.7%8.7%2025: 10.2%10.2%2026: 9.0%9.0%212223242526
Goodwill ÷ parent equity—
2021: 0.6%0.6%2022: 0.4%0.4%2023: 0.2%0.2%212223242526
Goodwill balance—
2021: ¥295M¥295M2022: ¥182M¥182M2023: ¥69M¥69M212223242526

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

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue16,05012,75118,98020,58720,973
Cost of revenue—————
Gross profit—————
SG&A16,15314,99117,03118,13519,879
Operating income-533-2,7821,1591,88626
Pretax income4,672-1,9074,3254,6504,156
Income tax1,8064951,4431,5261,533
Net income attributable to owners2,901-2,3752,9753,1722,752
Operating margin-3.3%-21.8%6.1%9.2%0.1%

Balance sheet (reported items)

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

Assets

Cash 18%
Property, plant and equipment 9%
0%
Investment securities 23%
Other assets 50%

Funding

Other liabilities 59%
Equity 41%
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¥18.7B¥13.7B¥22.7B¥13.2B¥22.4B
Total assets¥104.7B¥98.8B¥124.1B¥109.5B¥124.3B
Net assets¥58B¥54B¥58.7B¥47.6B¥50.5B
Share capital¥8B¥8B¥8B¥8B¥8B
Property, plant and equipment¥8.16B¥9.94B¥10.8B¥11.2B¥11.2B
Intangible assets excluding goodwill¥241M¥100M¥33M¥32M¥40M
Goodwill¥182M¥69M———
Investment securities¥24.8B¥23.4B¥26.1B¥25.2B¥28.5B
Current assets¥69.5B¥63.5B¥84B¥70B¥81.8B
Current liabilities¥38.4B¥34.4B¥53B¥51.1B¥61.9B
Short-term borrowings¥3.79B¥6.45B¥6.04B¥9.68B¥7.51B
Long-term borrowings¥3.04B¥5.59B¥6.35B¥5.16B¥5.32B
Total liabilities¥46.7B¥44.8B¥65.5B¥61.9B¥73.8B
Non-controlling interests¥2.32B¥3.03B¥3B¥3.04B¥3B
Equity attributable to owners of parent¥48.3B¥44.2B¥45.5B¥35.6B¥35.3B
Retained earnings¥36.9B¥33.4B¥35.5B¥28.2B¥27.9B
Treasury stock-¥4.79B-¥5.47B-¥6.18B-¥8.51B-¥8.43B

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第106期(2025/04/01-2026/03/31)

    ID S100YIEX2026-06-24Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第105期(2024/04/01-2025/03/31)

    ID S100WCU12025-07-14Open
  • EDINET (FSA Japan)

    有価証券報告書-第104期(2023/04/01-2024/03/31)

    ID S100TVL42024-06-27Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第103期(2022/04/01-2023/03/31)

    ID S100RXLK2023-09-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第102期(令和3年4月1日-令和4年3月31日)

    ID S100OI0O2022-06-27Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第101期(令和2年4月1日-令和3年3月31日)

    ID S100N5AH2021-12-28Open

Extracted from XBRL: 48 / Derived from other figures: 1

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