Axelspace HoldingsAxelspace Holdings Corporation402A東証グロース情報・通信業FY ending May 2026, consolidated, J-GAAP
It lost about ¥152 for every ¥100 of sales at the operating level. Revenue changed +58.1% from the prior year.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2024 | — | —× | -43.2% | —× | — |
| 2025 | — | —× | -23.1% | —× | — |
| 2026 | — | —× | -33.6% | —× | — |
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 May 2024 | FY ending May 2025 | FY ending May 2026 |
|---|---|---|---|
| Revenue | 2,111 | 1,587 | 2,508 |
| Cost of revenue | 2,380 | 1,479 | 1,711 |
| Gross profit | -269 | 108 | 797 |
| SG&A | 2,269 | 2,603 | 4,620 |
| Operating income | -2,538 | -2,495 | -3,823 |
| Pretax income | -3,160 | -1,947 | -4,051 |
| Income tax | 15 | 4 | 6 |
| Net income attributable to owners | -3,174 | -1,951 | -4,057 |
| Operating margin | -120.3% | -157.2% | -152.4% |
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 May 2024 | FY ending May 2025 | FY ending May 2026 |
|---|---|---|---|
| Cash and equivalents | ¥4.24B | ¥4.11B | ¥4.72B |
| Total assets | ¥7.35B | ¥9.52B | ¥14.6B |
| Net assets | ¥4.98B | ¥3.03B | ¥6.99B |
| Share capital | ¥100M | ¥100M | ¥4.1B |
| Property, plant and equipment | — | — | ¥3.36B |
| Intangible assets excluding goodwill | — | — | ¥17.2M |
| Current assets | ¥7.32B | ¥9.4B | ¥11B |
| Current liabilities | ¥1.83B | ¥1.55B | ¥4.35B |
| Short-term borrowings | ¥338.2M | ¥166.2M | — |
| Long-term borrowings | ¥550M | ¥4.95B | ¥3.26B |
| Total liabilities | ¥2.38B | ¥6.5B | ¥7.62B |
| Equity attributable to owners of parent | ¥4.98B | ¥3.03B | ¥6.97B |
| Retained earnings | -¥9.31B | -¥11.3B | -¥15.3B |
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