Applied TechnologyAPPLIED TECHNOLOGY CO., LTD4356東証スタンダード情報・通信業FY ending Dec 2025, non-consolidated, J-GAAP

Applied Technology revenue and profit

Out of every ¥100 of sales, about ¥16 is left as operating profit. Revenue changed -4.9% from the prior year, operating profit +28.0%.

Five-year trend

Revenue¥7.45B
FY ending Dec 2021: ¥6.45B¥6.45BFY ending Dec 2022: ¥7.08B¥7.08BFY ending Dec 2023: ¥7.42B¥7.42BFY ending Dec 2024: ¥7.84B¥7.84BFY ending Dec 2025: ¥7.45B¥7.45BFY21FY22FY23FY24FY25
Operating income¥1.2B
FY ending Dec 2021: ¥908.2M¥908.2MFY ending Dec 2022: ¥956.1M¥956.1MFY ending Dec 2023: ¥978.2M¥978.2MFY ending Dec 2024: ¥937.7M¥937.7MFY ending Dec 2025: ¥1.2B¥1.2BFY21FY22FY23FY24FY25
Operating margin16.1%
FY ending Dec 2021: 14.1%14.1%FY ending Dec 2022: 13.5%13.5%FY ending Dec 2023: 13.2%13.2%FY ending Dec 2024: 12.0%12.0%FY ending Dec 2025: 16.1%16.1%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin12.3%
Asset turnover0.97×
ROA11.9%
ROA11.9%
Financial leverage1.31×
ROE15.6%

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

Net margin12.3%
2021: 11.0%11.0%2022: 10.4%10.4%2023: 9.7%9.7%2024: 9.3%9.3%2025: 12.3%12.3%2122232425
Asset turnover0.97×
2021: 1.29×1.29×2022: 1.32×1.32×2023: 1.21×1.21×2024: 1.15×1.15×2025: 0.97×0.97×2122232425
ROA11.9%
2021: 14.3%14.3%2022: 13.7%13.7%2023: 11.6%11.6%2024: 10.6%10.6%2025: 11.9%11.9%2122232425
Financial leverage1.31×
2021: 1.39×1.39×2022: 1.34×1.34×2023: 1.31×1.31×2024: 1.31×1.31×2025: 1.31×1.31×2122232425
ROE15.6%
2021: 19.9%19.9%2022: 18.4%18.4%2023: 15.3%15.3%2024: 13.9%13.9%2025: 15.6%15.6%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
202111.0%1.29×14.3%1.39×19.9%
202210.4%1.32×13.7%1.34×18.4%
20239.7%1.21×11.6%1.31×15.3%
20249.3%1.15×10.6%1.31×13.9%
202512.3%0.97×11.9%1.31×15.6%

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 ÷ revenue1.7%
2020: 2.6%2.6%2021: 1.7%1.7%2022: 1.3%1.3%2023: 1.8%1.8%2024: 1.7%1.7%2025: 1.7%1.7%202122232425
PPE ÷ total assets1.5%
2020: 3.1%3.1%2021: 2.3%2.3%2022: 1.6%1.6%2023: 2.0%2.0%2024: 1.8%1.8%2025: 1.5%1.5%202122232425

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 Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue6,4477,0767,4197,8387,454
Cost of revenue4,6655,0575,2585,8325,160
Gross profit1,7822,0182,1622,0062,294
SG&A8741,0621,1841,0681,094
Operating income9089569789381,200
Pretax income1,0231,0281,0559991,279
Income tax312292339273364
Net income attributable to owners711736716726915
Operating margin14.1%13.5%13.2%12.0%16.1%

Balance sheet (reported items)

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

Assets

Cash 62%
1%
0%
0%
Other assets 37%

Funding

Other liabilities 24%
Equity 76%

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

ItemFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥2.69B¥3.07B¥3.39B¥3.93B¥5.08B
Total assets¥4.99B¥5.74B¥6.55B¥7.13B¥8.23B
Net assets¥3.58B¥4.41B¥4.95B¥5.51B¥6.25B
Share capital¥600M¥600M¥600M¥600M¥600M
Property, plant and equipment¥112.6M¥94.2M¥130.1M¥129.7M¥124.8M
Intangible assets excluding goodwill¥45.1M¥36M¥38.4M¥26.2M¥18M
Investment securities¥22M¥23.6M¥200K¥200K¥200K
Current assets¥4.54B¥5.28B¥6.02B¥6.55B¥7.6B
Current liabilities¥1.35B¥1.28B¥1.51B¥1.53B¥1.89B
Total liabilities¥1.41B¥1.33B¥1.6B¥1.62B¥1.98B
Equity attributable to owners of parent¥3.58B¥4.41B¥4.95B¥5.51B¥6.25B
Retained earnings¥2.59B¥3.42B¥3.97B¥4.52B¥5.27B
Treasury stock-¥4.2M-¥4.4M-¥4.4M-¥4.4M-¥4.5M

Sources

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

    有価証券報告書-第43期(2025/01/01-2025/12/31)

    ID S100XSUL2026-03-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第42期(2024/01/01-2024/12/31)

    ID S100VG7Z2025-03-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第41期(2023/01/01-2023/12/31)

    ID S100T39Z2024-03-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第40期(2022/01/01-2022/12/31)

    ID S100QF7D2023-03-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第39期(令和3年1月1日-令和3年12月31日)

    ID S100NPW12022-03-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第38期(令和2年1月1日-令和2年12月31日)

    ID S100KZZY2021-03-24Open

Extracted from XBRL: 45 / Derived from other figures: 1

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