ASAHI NetASAHI Net, Inc.3834東証プライム情報・通信業FY ending Mar 2026, non-consolidated, J-GAAP

ASAHI Net revenue and profit

Out of every ¥100 of sales, about ¥13 is left as operating profit. Revenue changed +3.4% from the prior year, operating profit -23.6%.

Five-year trend

Revenue¥13.5B
FY ending Mar 2022: ¥11.6B¥11.6BFY ending Mar 2023: ¥12.2B¥12.2BFY ending Mar 2024: ¥12.2B¥12.2BFY ending Mar 2025: ¥13.1B¥13.1BFY ending Mar 2026: ¥13.5B¥13.5BFY22FY23FY24FY25FY26
Operating income¥1.79B
FY ending Mar 2022: ¥1.83B¥1.83BFY ending Mar 2023: ¥1.84B¥1.84BFY ending Mar 2024: ¥1.97B¥1.97BFY ending Mar 2025: ¥2.35B¥2.35BFY ending Mar 2026: ¥1.79B¥1.79BFY22FY23FY24FY25FY26
Operating margin13.2%
FY ending Mar 2022: 15.8%15.8%FY ending Mar 2023: 15.1%15.1%FY ending Mar 2024: 16.1%16.1%FY ending Mar 2025: 17.9%17.9%FY ending Mar 2026: 13.2%13.2%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin9.6%
Asset turnover0.92×
ROA8.8%
ROA8.8%
Financial leverage1.14×
ROE10.1%

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

Net margin9.6%
2022: 10.8%10.8%2023: 10.6%10.6%2024: 10.6%10.6%2025: 13.4%13.4%2026: 9.6%9.6%2223242526
Asset turnover0.92×
2022: 0.89×0.89×2023: 0.92×0.92×2024: 0.87×0.87×2025: 0.90×0.90×2026: 0.92×0.92×2223242526
ROA8.8%
2022: 9.7%9.7%2023: 9.7%9.7%2024: 9.2%9.2%2025: 12.1%12.1%2026: 8.8%8.8%2223242526
Financial leverage1.14×
2022: 1.16×1.16×2023: 1.16×1.16×2024: 1.16×1.16×2025: 1.15×1.15×2026: 1.14×1.14×2223242526
ROE10.1%
2022: 11.3%11.3%2023: 11.2%11.2%2024: 10.7%10.7%2025: 13.9%13.9%2026: 10.1%10.1%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202210.8%0.89×9.7%1.16×11.3%
202310.6%0.92×9.7%1.16×11.2%
202410.6%0.87×9.2%1.16×10.7%
202513.4%0.90×12.1%1.15×13.9%
20269.6%0.92×8.8%1.14×10.1%

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 ÷ revenue16.4%
2021: 20.9%20.9%2022: 20.4%20.4%2023: 18.6%18.6%2024: 18.3%18.3%2025: 14.0%14.0%2026: 16.4%16.4%212223242526
PPE ÷ total assets15.2%
2021: 18.5%18.5%2022: 18.2%18.2%2023: 16.6%16.6%2024: 15.7%15.7%2025: 12.4%12.4%2026: 15.2%15.2%212223242526

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
Revenue11,57712,17012,21713,07813,517
Cost of revenue7,9908,6188,4228,6419,407
Gross profit3,5873,5513,7944,4374,109
SG&A1,7521,7091,8292,0912,318
Operating income1,8341,8411,9652,3451,791
Pretax income1,8131,8581,8652,4971,820
Income tax558573575744527
Net income attributable to owners1,2551,2851,2891,7521,293
Operating margin15.8%15.1%16.1%17.9%13.2%

Balance sheet (reported items)

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

Assets

Cash 17%
Property, plant and equipment 15%
Intangibles and goodwill 30%
3%
Other assets 35%

Funding

Other liabilities 10%
Equity 90%
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¥3.99B¥3.65B¥3.51B¥4.16B¥2.47B
Total assets¥12.9B¥13.7B¥14.3B¥14.8B¥14.5B
Net assets¥11.3B¥12B¥12.5B¥13.1B¥13.1B
Share capital¥630M¥630M¥630M¥630M¥630M
Property, plant and equipment¥2.36B¥2.27B¥2.24B¥1.83B¥2.21B
Intangible assets excluding goodwill¥830M¥1.27B¥1.92B¥3.02B¥4.31B
Investment securities¥475M¥276M¥354M¥401M¥462M
Current assets¥8.85B¥9.34B¥9.25B¥8.92B¥6.87B
Current liabilities¥1.66B¥1.7B¥1.77B¥1.7B¥1.41B
Total liabilities¥1.66B¥1.7B¥1.77B¥1.7B¥1.41B
Equity attributable to owners of parent¥11.1B¥11.8B¥12.3B¥12.9B¥12.8B
Retained earnings¥11.7B¥12.3B¥13B¥14.1B¥14.7B
Treasury stock-¥2.02B-¥2B-¥2.17B-¥2.74B-¥3.4B

Sources

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

    有価証券報告書-第36期(2025/04/01-2026/03/31)

    ID S100YEHW2026-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第35期(2024/04/01-2025/03/31)

    ID S100W33B2025-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第34期(2023/04/01-2024/03/31)

    ID S100TQNY2024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第33期(2022/04/01-2023/03/31)

    ID S100R68Z2023-06-28Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第32期(令和3年4月1日-令和4年3月31日)

    ID S100P8FT2022-09-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第31期(令和2年4月1日-令和3年3月31日)

    ID S100LLAJ2021-06-28Open

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

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