ArtnatureARTNATURE INC.7823東証スタンダードその他製品FY ending Mar 2026, consolidated, J-GAAP

Artnature revenue and profit

Out of every ¥100 of sales, about ¥7 is left as operating profit. Revenue changed +2.9% from the prior year, operating profit +47.6%.

Five-year trend

Revenue¥44.6B
FY ending Mar 2022: ¥40.4B¥40.4BFY ending Mar 2023: ¥43.2B¥43.2BFY ending Mar 2024: ¥42.9B¥42.9BFY ending Mar 2025: ¥43.3B¥43.3BFY ending Mar 2026: ¥44.6B¥44.6BFY22FY23FY24FY25FY26
Operating income¥3.22B
FY ending Mar 2022: ¥3.02B¥3.02BFY ending Mar 2023: ¥3.57B¥3.57BFY ending Mar 2024: ¥2.65B¥2.65BFY ending Mar 2025: ¥2.18B¥2.18BFY ending Mar 2026: ¥3.22B¥3.22BFY22FY23FY24FY25FY26
Operating margin7.2%
FY ending Mar 2022: 7.5%7.5%FY ending Mar 2023: 8.3%8.3%FY ending Mar 2024: 6.2%6.2%FY ending Mar 2025: 5.0%5.0%FY ending Mar 2026: 7.2%7.2%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin4.3%
Asset turnover0.87×
ROA3.7%
ROA3.7%
Financial leverage1.92×
ROE7.2%

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

Net margin4.3%
2022: 3.0%3.0%2023: 4.3%4.3%2024: 3.4%3.4%2025: 1.9%1.9%2026: 4.3%4.3%2223242526
Asset turnover0.87×
2022: 0.87×0.87×2023: 0.91×0.91×2024: 0.88×0.88×2025: 0.87×0.87×2026: 0.87×0.87×2223242526
ROA3.7%
2022: 2.6%2.6%2023: 4.0%4.0%2024: 3.0%3.0%2025: 1.6%1.6%2026: 3.7%3.7%2223242526
Financial leverage1.92×
2022: 1.92×1.92×2023: 1.90×1.90×2024: 1.90×1.90×2025: 1.91×1.91×2026: 1.92×1.92×2223242526
ROE7.2%
2022: 5.0%5.0%2023: 7.5%7.5%2024: 5.7%5.7%2025: 3.2%3.2%2026: 7.2%7.2%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.0%0.87×2.6%1.92×5.0%
20234.3%0.91×4.0%1.90×7.5%
20243.4%0.88×3.0%1.90×5.7%
20251.9%0.87×1.6%1.91×3.2%
20264.3%0.87×3.7%1.92×7.2%

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 ÷ revenue23.7%
2021: 24.2%24.2%2022: 21.5%21.5%2023: 20.4%20.4%2024: 22.7%22.7%2025: 22.9%22.9%2026: 23.7%23.7%212223242526
PPE ÷ total assets20.2%
2021: 19.3%19.3%2022: 18.7%18.7%2023: 18.3%18.3%2024: 19.5%19.5%2025: 20.0%20.0%2026: 20.2%20.2%212223242526
Goodwill ÷ parent equity—
2021: 2.4%2.4%2022: 1.0%1.0%2023: 0.2%0.2%212223242526
Goodwill balance—
2021: ¥602M¥602M2022: ¥233M¥233M2023: ¥54M¥54M212223242526

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¥120M
2021: ¥153M¥153M2022: ¥156M¥156M2023: ¥197M¥197M2024: ¥205M¥205M2025: ¥125M¥125M2026: ¥120M¥120M212223242526
R&D / revenue0.3%
2021: 0.4%0.4%2022: 0.4%0.4%2023: 0.5%0.5%2024: 0.5%0.5%2025: 0.3%0.3%2026: 0.3%0.3%212223242526

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
Revenue40,43743,20942,85043,34044,600
Cost of revenue12,69814,05314,13414,64614,803
Gross profit27,73929,15628,71528,69429,797
SG&A24,71925,58226,06026,51226,577
Operating income3,0203,5732,6542,1813,219
Pretax income2,3223,1731,7861,4993,034
Income tax1,1141,2963236751,133
Net income attributable to owners1,2041,8741,4628211,898
Operating margin7.5%8.3%6.2%5.0%7.2%

Balance sheet (reported items)

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

Assets

Cash 38%
Property, plant and equipment 20%
3%
4%
Other assets 35%

Funding

Other liabilities 46%
Equity 54%

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¥19.5B¥20.1B¥19.2B¥18B¥19.8B
Total assets¥46.5B¥48B¥49.9B¥49.7B¥52.4B
Net assets¥24.6B¥25.9B¥26.9B¥27.1B¥28.3B
Share capital¥3.67B¥3.67B¥3.67B¥3.67B¥3.67B
Property, plant and equipment¥8.69B¥8.79B¥9.73B¥9.93B¥10.6B
Intangible assets excluding goodwill¥674M¥558M¥1.28B¥1.82B¥1.73B
Goodwill¥233M¥54M———
Investment securities¥2.1B¥2.02B¥2.13B¥2.09B¥2.15B
Current assets¥28B¥29.3B¥28.8B¥27.9B¥29.4B
Current liabilities¥14.2B¥14.5B¥13.8B¥13.5B¥15B
Total liabilities¥21.9B¥22B¥23B¥22.6B¥24.1B
Non-controlling interests¥12M¥12M¥11M¥11M¥10M
Equity attributable to owners of parent¥24.3B¥25.5B¥26.1B¥26B¥27B
Retained earnings¥18.3B¥19.3B¥19.8B¥19.7B¥20.7B
Treasury stock-¥1.27B-¥1.08B-¥1.04B-¥1.03B-¥1.02B

Sources

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

    有価証券報告書-第59期(2025/04/01-2026/03/31)

    ID S100YCH92026-06-17Open
  • EDINET (FSA Japan)

    有価証券報告書-第58期(2024/04/01-2025/03/31)

    ID S100W1132025-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第57期(2023/04/01-2024/03/31)

    ID S100TPBB2024-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第56期(2022/04/01-2023/03/31)

    ID S100R0V72023-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第55期(令和3年4月1日-令和4年3月31日)

    ID S100OEHU2022-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第54期(令和2年4月1日-令和3年3月31日)

    ID S100LP9N2021-06-24Open

Extracted from XBRL: 50 / Derived from other figures: 1

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