AsukanetAsukanet Company,Limited2438東証グロースサービス業FY ending Apr 2026, consolidated, J-GAAP

Asukanet revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed -2.2% from the prior year, operating profit +125.6%.

Five-year trend

Revenue¥7.1B
FY ending Apr 2022: ¥6.33B¥6.33BFY ending Apr 2023: ¥6.98B¥6.98BFY ending Apr 2024: ¥7.04B¥7.04BFY ending Apr 2025: ¥7.26B¥7.26BFY ending Apr 2026: ¥7.1B¥7.1BFY22FY23FY24FY25FY26
Operating income¥391.8M
FY ending Apr 2022: ¥440M¥440MFY ending Apr 2023: ¥585.4M¥585.4MFY ending Apr 2024: ¥447.5M¥447.5MFY ending Apr 2025: ¥173.7M¥173.7MFY ending Apr 2026: ¥391.8M¥391.8MFY22FY23FY24FY25FY26
Operating margin5.5%
FY ending Apr 2022: 6.9%6.9%FY ending Apr 2023: 8.4%8.4%FY ending Apr 2024: 6.4%6.4%FY ending Apr 2025: 2.4%2.4%FY ending Apr 2026: 5.5%5.5%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin4.1%
Asset turnover1.13×
ROA4.7%
ROA4.7%
Financial leverage1.18×
ROE5.5%

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

Net margin4.1%
2022: 5.3%5.3%2023: 6.9%6.9%2024: 3.0%3.0%2026: 4.1%4.1%2223242526
Asset turnover1.13×
2022: 0.92×0.92×2023: 0.99×0.99×2024: 0.99×0.99×2026: 1.13×1.13×2223242526
ROA4.7%
2022: 4.8%4.8%2023: 6.9%6.9%2024: 3.0%3.0%2025: -3.9%-3.9%2026: 4.7%4.7%2223242526
Financial leverage1.18×
2022: 1.15×1.15×2023: 1.15×1.15×2024: 1.16×1.16×2026: 1.18×1.18×2223242526
ROE5.5%
2022: 5.5%5.5%2023: 7.9%7.9%2024: 3.5%3.5%2026: 5.5%5.5%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20225.3%0.92×4.8%1.15×5.5%
20236.9%0.99×6.9%1.15×7.9%
20243.0%0.99×3.0%1.16×3.5%
2025——×-3.9%—×—
20264.1%1.13×4.7%1.18×5.5%

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 ÷ revenue30.9%
2024: 33.3%33.3%2025: 29.7%29.7%2026: 30.9%30.9%242526
PPE ÷ total assets35.3%
2024: 33.1%33.1%2025: 34.0%34.0%2026: 35.3%35.3%242526
Goodwill ÷ parent equity4.2%
2024: 4.9%4.9%2025: 4.9%4.9%2026: 4.2%4.2%242526
Goodwill balance¥221.8M
2024: ¥298.9M¥298.9M2025: ¥260.3M¥260.3M2026: ¥221.8M¥221.8M242526

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¥200M
2024: ¥228.6M¥228.6M2025: ¥201.8M¥201.8M2026: ¥200M¥200M242526
R&D / revenue2.8%
2024: 3.2%3.2%2025: 2.8%2.8%2026: 2.8%2.8%242526

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 Apr 2022FY ending Apr 2023FY ending Apr 2024FY ending Apr 2025FY ending Apr 2026
Revenue6,3316,9767,0387,2637,103
Cost of revenue3,3163,7003,8244,2203,867
Gross profit3,0163,2763,2143,0433,236
SG&A2,5762,6902,7672,8692,844
Operating income440585447174392
Pretax income452618366-258410
Income tax1191351525117
Net income attributable to owners333482214-263293
Operating margin6.9%8.4%6.4%2.4%5.5%

Balance sheet (reported items)

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

Assets

Cash 22%
Property, plant and equipment 35%
Intangibles and goodwill 10%
7%
Other assets 26%

Funding

Other liabilities 14%
Equity 86%
0%

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

ItemFY ending Apr 2022FY ending Apr 2023FY ending Apr 2024FY ending Apr 2025FY ending Apr 2026
Cash and equivalents¥1.99B¥2.04B¥1.66B¥1.68B¥1.38B
Total assets¥6.9B¥7.13B¥7.09B¥6.35B¥6.22B
Net assets¥6.02B¥6.2B¥6.16B¥5.39B¥5.34B
Share capital¥490.3M¥490.3M¥490.3M¥490.3M¥490.3M
Property, plant and equipment¥2.46B¥2.32B¥2.35B¥2.16B¥2.2B
Intangible assets excluding goodwill¥208.4M¥219.3M¥503.8M¥451.6M¥407.7M
Goodwill——¥298.9M¥260.3M¥221.8M
Investment securities¥587.4M¥634.4M¥571.6M¥331.6M¥396.4M
Current assets¥3.43B¥3.75B¥3.46B¥3.07B¥2.83B
Current liabilities¥864.6M¥922.3M¥926.3M¥957.3M¥882.8M
Total liabilities¥875.4M¥931.8M¥933.6M¥962.9M¥885.6M
Equity attributable to owners of parent¥6.01B¥6.19B¥6.12B¥5.35B¥5.28B
Retained earnings¥5.2B¥5.56B¥5.63B¥5.25B¥5.43B
Treasury stock-¥298.4M-¥487.9M-¥627.8M-¥1.01B-¥1.25B

Sources

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

    有価証券報告書-第31期(2025/05/01-2026/04/30)

    ID S100YRYL2026-07-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第30期(2024/05/01-2025/04/30)

    ID S100WE8J2025-07-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第29期(2023/05/01-2024/04/30)

    ID S100U3CC2024-07-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第28期(2022/05/01-2023/04/30)

    ID S100RG8H2023-07-27Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第27期(令和3年5月1日-令和4年4月30日)

    ID S100P0H62022-08-12Open
  • EDINET (FSA Japan)

    有価証券報告書-第26期(令和2年5月1日-令和3年4月30日)

    ID S100M1N42021-07-28Open

Extracted from XBRL: 49 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.