Aoyama Zaisan NetworksAoyama Zaisan Networks Company,Limited8929東証スタンダード不動産業FY ending Dec 2025, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥9 is left as operating profit. Revenue changed -8.4% from the prior year, operating profit +10.0%.
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 | 6.1% | 1.39× | 8.5% | 2.51× | 21.3% |
| 2022 | 4.7% | 1.84× | 8.6% | 2.62× | 22.6% |
| 2023 | 5.7% | 1.60× | 9.1% | 2.63× | 24.0% |
| 2024 | 5.3% | 1.95× | 10.4% | 2.50× | 26.0% |
| 2025 | 6.6% | 1.69× | 11.1% | 2.41× | 26.7% |
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 | 24,213 | 35,952 | 36,098 | 45,618 | 41,785 |
| Cost of revenue | 19,882 | 30,251 | 29,742 | 38,649 | 33,284 |
| Gross profit | 4,330 | 5,700 | 6,356 | 6,969 | 8,501 |
| SG&A | 2,474 | 3,071 | 3,090 | 3,462 | 4,642 |
| Operating income | 1,856 | 2,629 | 3,265 | 3,506 | 3,858 |
| Pretax income | 2,010 | 2,477 | 3,134 | 3,404 | 3,756 |
| Income tax | 534 | 782 | 1,059 | 978 | 990 |
| Net income attributable to owners | 1,481 | 1,694 | 2,062 | 2,428 | 2,750 |
| Operating margin | 7.7% | 7.3% | 9.0% | 7.7% | 9.2% |
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 | ¥10.9B | ¥12.8B | ¥14.7B | ¥12.9B | ¥13.8B |
| Total assets | ¥17.4B | ¥21.8B | ¥23.5B | ¥23.3B | ¥26.3B |
| Net assets | ¥7.13B | ¥8.32B | ¥9.58B | ¥9.82B | ¥11.7B |
| Share capital | ¥1.17B | ¥1.21B | ¥1.21B | ¥1.26B | ¥1.27B |
| Property, plant and equipment | ¥2.68B | ¥2.63B | ¥2.49B | ¥328M | ¥327M |
| Intangible assets excluding goodwill | ¥551M | ¥410M | ¥289M | ¥4B | ¥3.62B |
| Goodwill | ¥28M | ¥19M | ¥10M | ¥1.29B | ¥1.16B |
| Investment securities | ¥1.59B | ¥2.73B | ¥2.51B | ¥2.85B | ¥2.11B |
| Current assets | ¥12.1B | ¥15.4B | ¥17.6B | ¥15.4B | ¥19.6B |
| Current liabilities | ¥3.85B | ¥5.14B | ¥5.46B | ¥5.71B | ¥6.06B |
| Short-term borrowings | ¥200M | — | ¥200M | ¥200M | ¥100M |
| Long-term borrowings | ¥4.68B | ¥6B | ¥5.78B | ¥3.7B | ¥3.83B |
| Bonds | ¥180M | ¥30M | — | ¥70M | ¥50M |
| Interest-bearing debt | ¥5.06Bderived | — | — | ¥3.97Bderived | ¥3.98Bderived |
| Total liabilities | ¥10.3B | ¥13.4B | ¥13.9B | ¥13.5B | ¥14.6B |
| Non-controlling interests | ¥4M | ¥24M | ¥37M | ¥15M | ¥31M |
| Equity attributable to owners of parent | ¥6.96B | ¥8.01B | ¥9.2B | ¥9.47B | ¥11.1B |
| Retained earnings | ¥4.63B | ¥5.59B | ¥6.76B | ¥8.11B | ¥9.71B |
| Treasury stock | -¥167M | -¥168M | -¥144M | -¥1.98B | -¥1.95B |
EDINET (FSA Japan)
有価証券報告書－第35期(2025/01/01－2025/12/31)
EDINET (FSA Japan)
有価証券報告書－第34期(2024/01/01－2024/12/31)
EDINET (FSA Japan)
有価証券報告書－第33期(2023/01/01－2023/12/31)
EDINET (FSA Japan)
有価証券報告書－第32期(2022/01/01－2022/12/31)
EDINET (FSA Japan)
有価証券報告書－第31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30期(令和2年1月1日－令和2年12月31日)
Extracted from XBRL: 53 / Derived from other figures: 2
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