Azuma ShippingAzuma Shipping Co.,Ltd.9380東証スタンダード倉庫・運輸関連FY ending Mar 2026, consolidated, J-GAAP

Azuma Shipping revenue and profit

Out of every ¥100 of sales, about ¥2 is left as operating profit. Revenue changed +1.9% from the prior year, operating profit +26.3%.

Five-year trend

Revenue¥40.1B
FY ending Mar 2022: ¥39.6B¥39.6BFY ending Mar 2023: ¥41.5B¥41.5BFY ending Mar 2024: ¥39.7B¥39.7BFY ending Mar 2025: ¥39.4B¥39.4BFY ending Mar 2026: ¥40.1B¥40.1BFY22FY23FY24FY25FY26
Operating income¥868.9M
FY ending Mar 2022: ¥684.3M¥684.3MFY ending Mar 2023: ¥666.3M¥666.3MFY ending Mar 2024: ¥288.3M¥288.3MFY ending Mar 2025: ¥688.1M¥688.1MFY ending Mar 2026: ¥868.9M¥868.9MFY22FY23FY24FY25FY26
Operating margin2.2%
FY ending Mar 2022: 1.7%1.7%FY ending Mar 2023: 1.6%1.6%FY ending Mar 2024: 0.7%0.7%FY ending Mar 2025: 1.7%1.7%FY ending Mar 2026: 2.2%2.2%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin1.8%
Asset turnover0.94×
ROA1.7%
ROA1.7%
Financial leverage2.61×
ROE4.4%

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

Net margin1.8%
2022: 1.6%1.6%2023: 0.5%0.5%2024: 0.8%0.8%2025: 1.5%1.5%2026: 1.8%1.8%2223242526
Asset turnover0.94×
2022: 1.06×1.06×2023: 1.11×1.11×2024: 1.04×1.04×2025: 0.99×0.99×2026: 0.94×0.94×2223242526
ROA1.7%
2022: 1.7%1.7%2023: 0.5%0.5%2024: 0.8%0.8%2025: 1.4%1.4%2026: 1.7%1.7%2223242526
Financial leverage2.61×
2022: 2.41×2.41×2023: 2.41×2.41×2024: 2.44×2.44×2025: 2.51×2.51×2026: 2.61×2.61×2223242526
ROE4.4%
2022: 4.1%4.1%2023: 1.3%1.3%2024: 2.0%2.0%2025: 3.6%3.6%2026: 4.4%4.4%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20221.6%1.06×1.7%2.41×4.1%
20230.5%1.11×0.5%2.41×1.3%
20240.8%1.04×0.8%2.44×2.0%
20251.5%0.99×1.4%2.51×3.6%
20261.8%0.94×1.7%2.61×4.4%

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 ÷ revenue60.7%
2021: 49.5%49.5%2022: 48.5%48.5%2023: 45.2%45.2%2024: 47.6%47.6%2025: 57.1%57.1%2026: 60.7%60.7%212223242526
PPE ÷ total assets55.2%
2021: 53.6%53.6%2022: 51.5%51.5%2023: 49.9%49.9%2024: 48.9%48.9%2025: 54.6%54.6%2026: 55.2%55.2%212223242526

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 Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue39,61441,46739,74739,39940,148
Cost of revenue—————
Gross profit—————
SG&A3,0453,2033,2873,3353,432
Operating income684666288688869
Pretax income1,001533542837965
Income tax346289206245232
Net income attributable to owners636198317578723
Operating margin1.7%1.6%0.7%1.7%2.2%

Balance sheet (reported items)

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

Assets

Cash 13%
0%
Property, plant and equipment 55%
4%
Investment securities 10%
Other assets 18%

Funding

Other liabilities 58%
Equity 42%
0%

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¥5.48B¥6.26B¥6.05B¥5.69B¥5.83B
Total assets¥37.4B¥37.5B¥38.7B¥41.2B¥44.1B
Net assets¥16.1B¥16.3B¥17B¥17.6B¥18.6B
Share capital¥2.29B¥2.29B¥2.29B¥2.29B¥2.29B
Inventories¥52.7M¥63.2M¥67.4M¥72.3M¥75.4M
Property, plant and equipment¥19.2B¥18.7B¥18.9B¥22.5B¥24.4B
Intangible assets excluding goodwill¥1.54B¥1.5B¥1.44B¥1.5B¥1.58B
Investment securities¥2.79B¥2.92B¥3.54B¥3.76B¥4.45B
Current assets¥13.2B¥13.9B¥14.2B¥12.9B¥13.2B
Current liabilities¥10.9B¥11B¥10.9B¥10.8B¥10.7B
Short-term borrowings¥2.7B¥3.1B¥3.13B¥2.74B¥3B
Long-term borrowings¥3.74B¥3.69B¥4.44B¥6.73B¥8.78B
Total liabilities¥21.2B¥21.2B¥21.7B¥23.6B¥25.5B
Non-controlling interests¥70.5M¥111.5M¥118.6M¥128.3M¥133.5M
Equity attributable to owners of parent¥15.5B¥15.5B¥15.7B¥16.1B¥16.5B
Retained earnings¥12.1B¥12B¥12.2B¥12.6B¥13.1B
Treasury stock-¥317.8M-¥301.4M-¥284.7M-¥244.9M-¥355.6M

Sources

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

    有価証券報告書-第125期(2025/04/01-2026/03/31)

    ID S100YHD32026-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第124期(2024/04/01-2025/03/31)

    ID S100W2BM2025-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第123期(2023/04/01-2024/03/31)

    ID S100TQBN2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第122期(2022/04/01-2023/03/31)

    ID S100R06J2023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第121期(令和3年4月1日-令和4年3月31日)

    ID S100OCPU2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第120期(令和2年4月1日-令和3年3月31日)

    ID S100LNHZ2021-06-29Open

Extracted from XBRL: 50 / Derived from other figures: 1

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