AR advanced technologyAR advanced technology, Inc.5578東証グロース情報・通信業FY ending Aug 2025, consolidated, J-GAAP

AR advanced technology revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed +27.2% from the prior year, operating profit +96.7%.

Five-year trend

Revenue¥14.2B
FY ending Aug 2022: ¥8.77B¥8.77BFY ending Aug 2023: ¥10.2B¥10.2BFY ending Aug 2024: ¥11.1B¥11.1BFY ending Aug 2025: ¥14.2B¥14.2BFY22FY23FY24FY25
Operating income¥829.3M
FY ending Aug 2022: ¥396.5M¥396.5MFY ending Aug 2023: ¥528.1M¥528.1MFY ending Aug 2024: ¥421.7M¥421.7MFY ending Aug 2025: ¥829.3M¥829.3MFY22FY23FY24FY25
Operating margin5.9%
FY ending Aug 2022: 4.5%4.5%FY ending Aug 2023: 5.2%5.2%FY ending Aug 2024: 3.8%3.8%FY ending Aug 2025: 5.9%5.9%FY22FY23FY24FY25

What drives ROE

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

Net margin3.1%
Asset turnover2.46×
ROA7.7%
ROA7.7%
Financial leverage2.81×
ROE21.8%

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

Net margin3.1%
2022: 3.1%3.1%2023: 3.1%3.1%2024: 2.5%2.5%2025: 3.1%3.1%22232425
Asset turnover2.46×
2022: 3.12×3.12×2023: 2.79×2.79×2024: 2.42×2.42×2025: 2.46×2.46×22232425
ROA7.7%
2022: 9.7%9.7%2023: 8.8%8.8%2024: 6.0%6.0%2025: 7.7%7.7%22232425
Financial leverage2.81×
2022: 2.54×2.54×2023: 2.55×2.55×2024: 2.48×2.48×2025: 2.81×2.81×22232425
ROE21.8%
2022: 24.7%24.7%2023: 22.4%22.4%2024: 14.8%14.8%2025: 21.8%21.8%22232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.1%3.12×9.7%2.54×24.7%
20233.1%2.79×8.8%2.55×22.4%
20242.5%2.42×6.0%2.48×14.8%
20253.1%2.46×7.7%2.81×21.8%

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 ÷ revenue2.2%
2022: 0.7%0.7%2023: 0.8%0.8%2024: 1.8%1.8%2025: 2.2%2.2%22232425
PPE ÷ total assets4.7%
2022: 2.3%2.3%2023: 1.7%1.7%2024: 4.2%4.2%2025: 4.7%4.7%22232425
Goodwill ÷ parent equity34.0%
2025: 34.0%34.0%22232425
Goodwill balance¥723.1M
2025: ¥723.1M¥723.1M22232425

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.

R&D spending¥58.5M
2023: ¥106.2M¥106.2M2024: ¥175.4M¥175.4M2025: ¥58.5M¥58.5M22232425
R&D / revenue0.4%
2023: 1.0%1.0%2024: 1.6%1.6%2025: 0.4%0.4%22232425

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 Aug 2022FY ending Aug 2023FY ending Aug 2024FY ending Aug 2025
Revenue8,76910,16211,13014,153
Cost of revenue6,7827,6938,29210,381
Gross profit1,9872,4692,8383,772
SG&A1,5911,9412,4162,943
Operating income397528422829
Pretax income397491416729
Income tax124172140284
Net income attributable to owners273319276445
Operating margin4.5%5.2%3.8%5.9%

Balance sheet (reported items)

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

Assets

Cash 43%
5%
Intangibles and goodwill 24%
1%
Other assets 27%

Funding

Interest-bearing debt 20%
Other liabilities 48%
Equity 32%
0%

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

ItemFY ending Aug 2022FY ending Aug 2023FY ending Aug 2024FY ending Aug 2025
Cash and equivalents¥876.9M¥2.39B¥2.33B¥2.9B
Total assets¥2.81B¥4.47B¥4.75B¥6.76B
Net assets¥1.11B¥1.75B¥1.97B¥2.17B
Share capital¥100M¥129M¥133.2M¥141.7M
Property, plant and equipment¥64.8M¥77.8M¥197.3M¥318.2M
Intangible assets excluding goodwill¥174.9M¥120.9M¥61.9M¥937.4M
Goodwill———¥723.1M
Investment securities——¥111.1M¥50.2M
Current assets¥2.35B¥3.96B¥3.98B¥5.02B
Current liabilities¥1.71B¥2.72B¥2.76B¥4.08B
Short-term borrowings¥300M¥880M¥880M¥940M
Long-term borrowings———¥351.1M
Bonds———¥30M
Interest-bearing debt———¥1.32Bderived
Total liabilities¥1.71B¥2.72B¥2.78B¥4.59B
Non-controlling interests———¥45M
Equity attributable to owners of parent¥1.11B¥1.75B¥1.97B¥2.12B
Retained earnings¥1.07B¥1.39B¥1.6B¥2.05B
Treasury stock-¥90.2M-¥24K-¥134K-¥308.2M

Sources

Show source documents (3)
  • EDINET (FSA Japan)

    有価証券報告書-第16期(2024/09/01-2025/08/31)

    ID S100X6EQ2025-11-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第15期(2023/09/01-2024/08/31)

    ID S100UUY72024-11-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第14期(2022/09/01-2023/08/31)

    ID S100SDN12023-11-29Open

Extracted from XBRL: 54 / Derived from other figures: 2

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