Asia Air SurveyAsia Air Survey Co.,Ltd.9233東証スタンダード空運業FY ending Sep 2025, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥7 is left as operating profit. Revenue changed +3.3% from the prior year, operating profit +0.2%.
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 | 5.3% | 1.12× | 6.0% | 1.92× | 11.5% |
| 2022 | 5.1% | 1.11× | 5.7% | 1.93× | 11.0% |
| 2023 | 5.0% | 1.14× | 5.7% | 1.92× | 10.9% |
| 2024 | 4.7% | 1.15× | 5.4% | 1.91× | 10.4% |
| 2025 | 4.3% | 1.09× | 4.7% | 1.96× | 9.3% |
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
Track R&D investment and how long operating capital remains tied up before sales turn into cash.
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.
| Item | FY ending Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 |
|---|---|---|---|---|---|
| Revenue | 32,507 | 33,674 | 37,304 | 40,271 | 41,591 |
| Cost of revenue | 23,879 | 24,397 | 27,339 | 29,290 | 30,188 |
| Gross profit | 8,627 | 9,277 | 9,966 | 10,980 | 11,404 |
| SG&A | 6,289 | 6,811 | 7,219 | 8,130 | 8,547 |
| Operating income | 2,339 | 2,466 | 2,746 | 2,850 | 2,856 |
| Pretax income | 2,551 | 2,650 | 2,776 | 2,992 | 2,911 |
| Income tax | 804 | 902 | 910 | 1,071 | 1,079 |
| Net income attributable to owners | 1,730 | 1,728 | 1,848 | 1,902 | 1,803 |
| Operating margin | 7.2% | 7.3% | 7.4% | 7.1% | 6.9% |
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 Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥7.07B | ¥5.52B | ¥8.09B | ¥6.7B | ¥4.65B |
| Total assets | ¥28.9B | ¥31.5B | ¥33.7B | ¥36.4B | ¥39.6B |
| Net assets | ¥17.3B | ¥18.4B | ¥20B | ¥21.2B | ¥22.2B |
| Share capital | ¥1.67B | ¥1.67B | ¥1.67B | ¥1.67B | ¥1.67B |
| Trade receivables | ¥8.51B | — | — | — | — |
| Property, plant and equipment | ¥3.71B | ¥3.8B | ¥3.9B | ¥4.27B | ¥5.48B |
| Intangible assets excluding goodwill | ¥1.73B | ¥2.15B | ¥2.17B | ¥2.21B | ¥3.09B |
| Goodwill | ¥296M | ¥255.3M | ¥214.5M | ¥342.8M | ¥1.27B |
| Investment securities | ¥4.45B | ¥4.38B | ¥5.02B | ¥4.85B | ¥5.47B |
| Current assets | ¥17.3B | ¥19.2B | ¥20.7B | ¥22.8B | ¥23.4B |
| Current liabilities | ¥5.97B | ¥7.76B | ¥8.09B | ¥9.99B | ¥12B |
| Trade payables | ¥1.22B | ¥1.62B | ¥1.36B | ¥1.84B | ¥2.19B |
| Short-term borrowings | — | — | — | ¥1.5B | ¥3.5B |
| Long-term borrowings | ¥391.2M | ¥417.7M | ¥218.5M | ¥166.9M | ¥206.5M |
| Bonds | — | — | — | ¥50M | — |
| Interest-bearing debt | — | — | — | ¥1.72Bderived | — |
| Total liabilities | ¥11.6B | ¥13.1B | ¥13.7B | ¥15.2B | ¥17.4B |
| Non-controlling interests | ¥187.5M | ¥207.3M | ¥234.4M | ¥254.1M | ¥285.4M |
| Equity attributable to owners of parent | ¥15B | ¥16.3B | ¥17.7B | ¥19B | ¥19.8B |
| Retained earnings | ¥10.9B | ¥12.2B | ¥13.5B | ¥14.8B | ¥15.6B |
| Treasury stock | -¥172M | -¥168.9M | -¥168.9M | -¥135.5M | -¥130.9M |
EDINET (FSA Japan)
有価証券報告書－第78期(2024/10/01－2025/09/30)
EDINET (FSA Japan)
有価証券報告書－第77期(2023/10/01－2024/09/30)
EDINET (FSA Japan)
有価証券報告書－第76期(2022/10/01－2023/09/30)
EDINET (FSA Japan)
有価証券報告書－第75期(令和3年10月1日－令和4年9月30日)
EDINET (FSA Japan)
有価証券報告書－第74期(令和2年10月1日－令和3年9月30日)
EDINET (FSA Japan)
有価証券報告書－第73期(令和1年10月1日－令和2年9月30日)
Extracted from XBRL: 53 / Derived from other figures: 1
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