AsmarqASMARQ Co.,Ltd.4197東証スタンダード情報・通信業FY ending Nov 2025, consolidated, J-GAAP

Asmarq revenue and profit

Out of every ¥100 of sales, about ¥7 is left as operating profit. Revenue changed +1.2% from the prior year, operating profit -22.3%.

Five-year trend

Revenue¥4.42B
FY ending Nov 2022: ¥3.89B¥3.89BFY ending Nov 2023: ¥4.28B¥4.28BFY ending Nov 2024: ¥4.36B¥4.36BFY ending Nov 2025: ¥4.42B¥4.42BFY22FY23FY24FY25
Operating income¥280.3M
FY ending Nov 2022: ¥323.7M¥323.7MFY ending Nov 2023: ¥317.6M¥317.6MFY ending Nov 2024: ¥360.8M¥360.8MFY ending Nov 2025: ¥280.3M¥280.3MFY22FY23FY24FY25
Operating margin6.3%
FY ending Nov 2022: 8.3%8.3%FY ending Nov 2023: 7.4%7.4%FY ending Nov 2024: 8.3%8.3%FY ending Nov 2025: 6.3%6.3%FY22FY23FY24FY25

What drives ROE

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

Net margin4.5%
Asset turnover1.75×
ROA7.9%
ROA7.9%
Financial leverage1.60×
ROE12.7%

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

Net margin4.5%
2022: 4.6%4.6%2023: 5.5%5.5%2024: 5.9%5.9%2025: 4.5%4.5%22232425
Asset turnover1.75×
2022: 2.39×2.39×2023: 2.43×2.43×2024: 2.06×2.06×2025: 1.75×1.75×22232425
ROA7.9%
2022: 11.0%11.0%2023: 13.4%13.4%2024: 12.1%12.1%2025: 7.9%7.9%22232425
Financial leverage1.60×
2022: 2.11×2.11×2023: 1.98×1.98×2024: 1.74×1.74×2025: 1.60×1.60×22232425
ROE12.7%
2022: 23.1%23.1%2023: 26.5%26.5%2024: 21.0%21.0%2025: 12.7%12.7%22232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20224.6%2.39×11.0%2.11×23.1%
20235.5%2.43×13.4%1.98×26.5%
20245.9%2.06×12.1%1.74×21.0%
20254.5%1.75×7.9%1.60×12.7%

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 ÷ revenue1.1%
2025: 1.1%1.1%25
PPE ÷ total assets1.9%
2025: 1.9%1.9%25
Goodwill ÷ parent equity5.6%
2025: 5.6%5.6%25
Goodwill balance¥88.8M
2025: ¥88.8M¥88.8M25

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 Nov 2022FY ending Nov 2023FY ending Nov 2024FY ending Nov 2025
Revenue3,8924,2824,3634,416
Cost of revenue2,3582,6822,6472,664
Gross profit1,5351,6001,7171,752
SG&A1,2111,2831,3561,472
Operating income324318361280
Pretax income266333349291
Income tax87969291
Net income attributable to owners179237257200
Operating margin8.3%7.4%8.3%6.3%

Balance sheet (reported items)

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

Assets

Cash 55%
2%
Intangibles and goodwill 11%
2%
Other assets 30%

Funding

Other liabilities 37%
Equity 63%
0%

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

ItemFY ending Nov 2022FY ending Nov 2023FY ending Nov 2024FY ending Nov 2025
Cash and equivalents¥737.1M¥895.1M¥1.34B¥1.39B
Total assets¥1.63B¥1.9B¥2.34B¥2.53B
Net assets¥777M¥1.02B¥1.45B¥1.59B
Share capital¥50M¥50M¥151.8M¥166.9M
Property, plant and equipment¥54.7M¥52.4M¥50.9M¥47.8M
Intangible assets excluding goodwill¥68.8M¥98.5M¥116.6M¥198.2M
Goodwill———¥88.8M
Investment securities——¥28.7M¥41M
Current assets¥1.3B¥1.52B¥1.92B¥1.99B
Current liabilities¥803M¥780.6M¥799.7M¥838.7M
Total liabilities¥854.5M¥875M¥890.7M¥934.5M
Equity attributable to owners of parent¥773.6M¥1.01B¥1.43B¥1.58B
Retained earnings¥723.6M¥960.2M¥1.18B¥1.29B
Treasury stock——-¥170K-¥170K

Sources

Show source documents (3)
  • EDINET (FSA Japan)

    有価証券報告書-第24期(2024/12/01-2025/11/30)

    ID S100XNPA2026-02-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第23期(2023/12/01-2024/11/30)

    ID S100VB7H2025-02-27Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第22期(2022/12/01-2023/11/30)

    ID S100USPH2024-11-15Open

Extracted from XBRL: 47 / Derived from other figures: 1

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