Azuma HouseAZUMA HOUSE Co., Ltd.3293東証スタンダード不動産業FY ending Mar 2026, consolidated, J-GAAP

Azuma House revenue and profit

Out of every ¥100 of sales, about ¥9 is left as operating profit. Revenue changed -12.5% from the prior year, operating profit -17.9%.

Five-year trend

Revenue¥11.6B
FY ending Mar 2022: ¥13.9B¥13.9BFY ending Mar 2023: ¥14.2B¥14.2BFY ending Mar 2024: ¥13.1B¥13.1BFY ending Mar 2025: ¥13.3B¥13.3BFY ending Mar 2026: ¥11.6B¥11.6BFY22FY23FY24FY25FY26
Operating income¥1.01B
FY ending Mar 2022: ¥1.19B¥1.19BFY ending Mar 2023: ¥1.2B¥1.2BFY ending Mar 2024: ¥1.01B¥1.01BFY ending Mar 2025: ¥1.23B¥1.23BFY ending Mar 2026: ¥1.01B¥1.01BFY22FY23FY24FY25FY26
Operating margin8.7%
FY ending Mar 2022: 8.6%8.6%FY ending Mar 2023: 8.5%8.5%FY ending Mar 2024: 7.7%7.7%FY ending Mar 2025: 9.3%9.3%FY ending Mar 2026: 8.7%8.7%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin4.3%
Asset turnover0.36×
ROA1.6%
ROA1.6%
Financial leverage1.86×
ROE2.9%

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

Net margin4.3%
2022: 5.4%5.4%2023: 5.1%5.1%2024: 6.1%6.1%2025: 5.8%5.8%2026: 4.3%4.3%2223242526
Asset turnover0.36×
2022: 0.44×0.44×2023: 0.46×0.46×2024: 0.41×0.41×2025: 0.41×0.41×2026: 0.36×0.36×2223242526
ROA1.6%
2022: 2.4%2.4%2023: 2.3%2.3%2024: 2.5%2.5%2025: 2.4%2.4%2026: 1.6%1.6%2223242526
Financial leverage1.86×
2022: 1.99×1.99×2023: 1.95×1.95×2024: 1.94×1.94×2025: 1.91×1.91×2026: 1.86×1.86×2223242526
ROE2.9%
2022: 4.8%4.8%2023: 4.6%4.6%2024: 4.9%4.9%2025: 4.5%4.5%2026: 2.9%2.9%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20225.4%0.44×2.4%1.99×4.8%
20235.1%0.46×2.3%1.95×4.6%
20246.1%0.41×2.5%1.94×4.9%
20255.8%0.41×2.4%1.91×4.5%
20264.3%0.36×1.6%1.86×2.9%

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 ÷ revenue195.9%
2021: 134.6%134.6%2022: 141.8%141.8%2023: 138.5%138.5%2024: 161.2%161.2%2025: 169.5%169.5%2026: 195.9%195.9%212223242526
PPE ÷ total assets71.0%
2021: 61.5%61.5%2022: 63.0%63.0%2023: 63.5%63.5%2024: 65.1%65.1%2025: 70.9%70.9%2026: 71.0%71.0%212223242526
Goodwill ÷ parent equity1.1%
2021: 2.5%2.5%2022: 2.2%2.2%2023: 1.9%1.9%2024: 1.6%1.6%2025: 1.3%1.3%2026: 1.1%1.1%212223242526
Goodwill balance¥192.1M
2021: ¥378.3M¥378.3M2022: ¥341M¥341M2023: ¥303.8M¥303.8M2024: ¥266.6M¥266.6M2025: ¥229.3M¥229.3M2026: ¥192.1M¥192.1M212223242526

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.

Receivable days—
2021: 1d1d212223242526

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
Revenue13,91114,16313,08813,27911,622
Cost of revenue9,4009,5198,6648,7607,414
Gross profit4,5114,6444,4244,5194,209
SG&A3,3193,4403,4123,2893,198
Operating income1,1921,2041,0121,2301,010
Pretax income1,1651,1361,1901,134901
Income tax399412393369396
Net income attributable to owners756724797765505
Operating margin8.6%8.5%7.7%9.3%8.7%

Balance sheet (reported items)

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

Assets

Cash 11%
Property, plant and equipment 71%
1%
0%
Other assets 17%

Funding

Interest-bearing debt 33%
Other liabilities 13%
Equity 54%

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¥3.92B¥3.14B¥3.46B¥3.43B¥3.49B
Total assets¥31.3B¥30.9B¥32.4B¥31.7B¥32.1B
Net assets¥15.8B¥16.1B¥16.6B¥17.1B¥17.3B
Share capital¥596.8M¥596.8M¥596.8M¥596.8M¥596.8M
Property, plant and equipment¥19.7B¥19.6B¥21.1B¥22.5B¥22.8B
Intangible assets excluding goodwill¥388.4M¥347.9M¥315.2M¥274.1M¥234.4M
Goodwill¥341M¥303.8M¥266.6M¥229.3M¥192.1M
Investment securities¥309.4M¥463.1M¥25.1M¥13.8M¥10M
Current assets¥10.5B¥10.1B¥10.6B¥8.56B¥8.78B
Current liabilities¥5.01B¥3.63B¥4.34B¥3.44B¥3.95B
Short-term borrowings¥1.63B¥262.9M¥251.5M¥259.9M¥481.4M
Long-term borrowings¥9.64B¥10.1B¥10.5B¥10.3B¥9.9B
Bonds¥250M¥390M¥350M¥310M¥270M
Interest-bearing debt¥11.5Bderived¥10.8Bderived¥11.1Bderived¥10.9Bderived¥10.6Bderived
Total liabilities¥15.5B¥14.7B¥15.8B¥14.7B¥14.8B
Equity attributable to owners of parent¥15.8B¥16.1B¥16.6B¥17.1B¥17.3B
Retained earnings¥14.6B¥14.9B¥15.5B¥15.9B¥16.2B
Treasury stock-¥19.5M-¥18.3M-¥9.6M-¥9.6M-¥9.6M

Sources

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

    有価証券報告書-第49期(2025/04/01-2026/03/31)

    ID S100YL9X2026-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第48期(2024/04/01-2025/03/31)

    ID S100W4QL2025-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第47期(2023/04/01-2024/03/31)

    ID S100TV4I2024-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第46期(2022/04/01-2023/03/31)

    ID S100R7PO2023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第45期(令和3年4月1日-令和4年3月31日)

    ID S100OKGI2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第44期(令和2年4月1日-令和3年3月31日)

    ID S100LRFF2021-06-29Open

Extracted from XBRL: 49 / Derived from other figures: 2

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