ASJASJ INC.2351東証スタンダード情報・通信業FY ending Mar 2026, consolidated, IFRS

ASJ revenue and profit

Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed -2.9% from the prior year, operating profit -21.4%.

Five-year trend

Revenue¥2.66B
FY ending Mar 2022: ¥2.49B¥2.49BFY ending Mar 2023: ¥2.75B¥2.75BFY ending Mar 2024: ¥2.85B¥2.85BFY ending Mar 2025: ¥2.74B¥2.74BFY ending Mar 2026: ¥2.66B¥2.66BFY22FY23FY24FY25FY26
Operating income¥126.7M
FY ending Mar 2023: ¥78.5M¥78.5MFY ending Mar 2024: ¥102.7M¥102.7MFY ending Mar 2025: ¥161.1M¥161.1MFY ending Mar 2026: ¥126.7M¥126.7MFY22FY23FY24FY25FY26
Operating margin4.8%
FY ending Mar 2023: 2.9%2.9%FY ending Mar 2024: 3.6%3.6%FY ending Mar 2025: 5.9%5.9%FY ending Mar 2026: 4.8%4.8%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin3.3%
Asset turnover0.55×
ROA1.8%
ROA1.8%
Financial leverage1.67×
ROE3.1%

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

Net margin3.3%
2023: 2.3%2.3%2024: 3.9%3.9%2025: 9.0%9.0%2026: 3.3%3.3%2223242526
Asset turnover0.55×
2023: 0.69×0.69×2024: 0.69×0.69×2025: 0.60×0.60×2026: 0.55×0.55×2223242526
ROA1.8%
2022: -12.2%-12.2%2023: 1.6%1.6%2024: 2.7%2.7%2025: 5.4%5.4%2026: 1.8%1.8%2223242526
Financial leverage1.67×
2023: 1.58×1.58×2024: 1.56×1.56×2025: 1.64×1.64×2026: 1.67×1.67×2223242526
ROE3.1%
2023: 2.5%2.5%2024: 4.2%4.2%2025: 8.9%8.9%2026: 3.1%3.1%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×-12.2%—×—
20232.3%0.69×1.6%1.58×2.5%
20243.9%0.69×2.7%1.56×4.2%
20259.0%0.60×5.4%1.64×8.9%
20263.3%0.55×1.8%1.67×3.1%

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 ÷ revenue71.5%
2021: 64.0%64.0%2023: 55.2%55.2%2024: 52.4%52.4%2025: 70.5%70.5%2026: 71.5%71.5%212223242526
PPE ÷ total assets39.4%
2021: 36.5%36.5%2023: 37.4%37.4%2024: 35.2%35.2%2025: 39.7%39.7%2026: 39.4%39.4%212223242526
Goodwill ÷ parent equity0.4%
2024: 0.5%0.5%2025: 0.5%0.5%2026: 0.4%0.4%212223242526
Goodwill balance¥13.1M
2021: ¥295.7M¥295.7M2023: ¥13.1M¥13.1M2024: ¥13.1M¥13.1M2025: ¥13.1M¥13.1M2026: ¥13.1M¥13.1M212223242526

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¥13.9M
2021: ¥47.8M¥47.8M2023: ¥58.1M¥58.1M2024: ¥59.4M¥59.4M2025: ¥43.5M¥43.5M2026: ¥13.9M¥13.9M212223242526
R&D / revenue0.5%
2021: 1.9%1.9%2023: 2.1%2.1%2024: 2.1%2.1%2025: 1.6%1.6%2026: 0.5%0.5%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
Revenue2,4912,7542,8472,7422,662
Cost of revenue—1,7221,7381,6231,648
Gross profit—1,0321,1091,1191,014
SG&A—9581,011960882
Operating income—79103161127
Pretax income-48183110164126
Income tax—20-2-8337
Net income attributable to owners-4856311224789
Operating margin—2.9%3.6%5.9%4.8%

Balance sheet (reported items)

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

Assets

Cash 23%
Property, plant and equipment 39%
0%
Other assets 38%

Funding

Other liabilities 40%
Equity 60%

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¥838.9M¥928.7M¥862.9M¥989.5M¥1.09B
Total assets¥3.96B¥4.06B¥4.24B¥4.87B¥4.83B
Net assets—¥2.54B¥2.66B¥2.89B¥2.92B
Share capital—¥1.38B¥1.38B¥1.38B¥1.38B
Property, plant and equipment—¥1.52B¥1.49B¥1.93B¥1.9B
Goodwill—¥13.1M¥13.1M¥13.1M¥13.1M
Current assets—¥1.72B¥1.85B¥1.88B¥1.88B
Total liabilities—¥1.52B¥1.58B¥1.98B¥1.91B
Equity attributable to owners of parent——¥2.66B¥2.89B¥2.92B
Retained earnings—-¥230.6M-¥134.2M¥96.5M¥161.5M
Treasury stock—-¥8K-¥8K-¥8K-¥54M

Sources

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

    有価証券報告書-第43期(2025/04/01-2026/03/31)

    ID S100YHBT2026-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第42期(2024/04/01-2025/03/31)

    ID S100W8922025-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第41期(2023/04/01-2024/03/31)

    ID S100TRUF2024-06-26Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第40期(2022/04/01-2023/03/31)

    ID S100ROOZ2023-08-10Open
  • EDINET (FSA Japan)

    有価証券報告書-第39期(令和3年4月1日-令和4年3月31日)

    ID S100OHBE2022-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第38期(令和2年4月1日-令和3年3月31日)

    ID S100LQVU2021-06-25Open

Extracted from XBRL: 43 / Derived from other figures: 1

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