AsiroASIRO Inc.7378東証グロースサービス業FY ending Oct 2025, consolidated, IFRS

Asiro revenue and profit

Out of every ¥100 of sales, about ¥21 is left as operating profit. Revenue changed +41.6% from the prior year, operating profit +262.0%.

Five-year trend

Revenue¥6.65B
FY ending Oct 2021: ¥1.55B¥1.55BFY ending Oct 2022: ¥2.2B¥2.2BFY ending Oct 2023: ¥3.2B¥3.2BFY ending Oct 2024: ¥4.69B¥4.69BFY ending Oct 2025: ¥6.65B¥6.65BFY21FY22FY23FY24FY25
Operating income¥1.42B
FY ending Oct 2021: ¥360.9M¥360.9MFY ending Oct 2022: ¥483.7M¥483.7MFY ending Oct 2023: ¥53.3M¥53.3MFY ending Oct 2024: ¥392.1M¥392.1MFY ending Oct 2025: ¥1.42B¥1.42BFY21FY22FY23FY24FY25
Operating margin21.4%
FY ending Oct 2021: 23.2%23.2%FY ending Oct 2022: 22.0%22.0%FY ending Oct 2023: 1.7%1.7%FY ending Oct 2024: 8.4%8.4%FY ending Oct 2025: 21.4%21.4%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin15.4%
Asset turnover1.49×
ROA23.0%
ROA23.0%
Financial leverage1.64×
ROE37.8%

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

Net margin15.4%
2021: 14.7%14.7%2022: 15.6%15.6%2024: 3.0%3.0%2025: 15.4%15.4%2122232425
Asset turnover1.49×
2021: 0.55×0.55×2022: 0.65×0.65×2024: 1.21×1.21×2025: 1.49×1.49×2122232425
ROA23.0%
2021: 8.2%8.2%2022: 10.1%10.1%2023: -0.3%-0.3%2024: 3.7%3.7%2025: 23.0%23.0%2122232425
Financial leverage1.64×
2021: 1.26×1.26×2022: 1.41×1.41×2024: 1.73×1.73×2025: 1.64×1.64×2122232425
ROE37.8%
2021: 10.3%10.3%2022: 14.2%14.2%2024: 6.3%6.3%2025: 37.8%37.8%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
202114.7%0.55×8.2%1.26×10.3%
202215.6%0.65×10.1%1.41×14.2%
2023——×-0.3%—×—
20243.0%1.21×3.7%1.73×6.3%
202515.4%1.49×23.0%1.64×37.8%

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 ÷ revenue0.7%
2020: 1.8%1.8%2021: 1.6%1.6%2022: 4.2%4.2%2023: 3.5%3.5%2024: 1.7%1.7%2025: 0.7%0.7%202122232425
PPE ÷ total assets1.0%
2020: 1.3%1.3%2021: 0.9%0.9%2022: 2.3%2.3%2023: 3.0%3.0%2024: 2.0%2.0%2025: 1.0%1.0%202122232425
Goodwill ÷ parent equity36.3%
2020: 101.7%101.7%2021: 51.2%51.2%2022: 49.9%49.9%2023: 60.4%60.4%2024: 50.0%50.0%2025: 36.3%36.3%202122232425
Goodwill balance¥1.14B
2020: ¥1.14B¥1.14B2021: ¥1.14B¥1.14B2022: ¥1.3B¥1.3B2023: ¥1.34B¥1.34B2024: ¥1.14B¥1.14B2025: ¥1.14B¥1.14B202122232425

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 Oct 2021FY ending Oct 2022FY ending Oct 2023FY ending Oct 2024FY ending Oct 2025
Revenue1,5532,2023,1984,6946,647
Cost of revenue7681,1481,9412,9544,023
Gross profit7841,0541,2571,7402,625
SG&A4265791,0941,1821,214
Operating income361484533921,419
Pretax income354477433821,415
Income tax12614782191464
Net income attributable to owners229344-121421,024
Operating margin23.2%22.0%1.7%8.4%21.4%

Balance sheet (reported items)

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

Assets

Cash 51%
1%
Intangibles and goodwill 24%
Other assets 24%

Funding

Other liabilities 35%
Equity 65%

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

ItemFY ending Oct 2021FY ending Oct 2022FY ending Oct 2023FY ending Oct 2024FY ending Oct 2025
Cash and equivalents¥1.3B¥1.88B¥1.23B¥1.6B¥2.47B
Total assets¥2.8B¥4B¥3.72B¥4.06B¥4.83B
Net assets¥2.22B¥2.65B¥2.23B¥2.3B¥3.14B
Share capital¥542.4M¥606.3M¥608.5M¥610.6M¥610.6M
Property, plant and equipment¥24.5M¥92.5M¥113.1M¥79.7M¥46.2M
Goodwill¥1.14B¥1.3B¥1.34B¥1.14B¥1.14B
Current assets¥1.52B¥2.2B¥1.78B¥2.43B¥3.33B
Total liabilities¥580.1M¥1.35B¥1.49B¥1.77B¥1.69B
Equity attributable to owners of parent¥2.22B¥2.61B¥2.22B¥2.28B¥3.13B
Retained earnings¥482.8M¥830.6M¥723.2M¥865.3M¥1.89B
Treasury stock—-¥99.8M-¥81.3M-¥70.3M-¥62M

Sources

Show source documents (5)
  • EDINET (FSA Japan)

    有価証券報告書-第10期(2024/11/01-2025/10/31)

    ID S100XHO22026-01-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第9期(2023/11/01-2024/10/31)

    ID S100V5842025-01-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第8期(2022/11/01-2023/10/31)

    ID S100SOLV2024-01-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第7期(2021/11/01-2022/10/31)

    ID S100Q1KW2023-01-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第6期(令和2年11月1日-令和3年10月31日)

    ID S100NA8D2022-01-28Open

Extracted from XBRL: 44 / Derived from other figures: 1

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