BarcosBARCOS Co., Ltd.7790名古屋証券取引所その他製品FY ending Dec 2025, consolidated, J-GAAP

Barcos revenue and profit

Out of every ¥100 of sales, about ¥2 is left as operating profit. Revenue changed +9.6% from the prior year, operating profit -58.8%.

Five-year trend

Revenue¥5.5B
FY ending Dec 2023: ¥3.86B¥3.86BFY ending Dec 2024: ¥5.02B¥5.02BFY ending Dec 2025: ¥5.5B¥5.5BFY23FY24FY25
Operating income¥105.2M
FY ending Dec 2023: ¥118.6M¥118.6MFY ending Dec 2024: ¥255.4M¥255.4MFY ending Dec 2025: ¥105.2M¥105.2MFY23FY24FY25
Operating margin1.9%
FY ending Dec 2023: 3.1%3.1%FY ending Dec 2024: 5.1%5.1%FY ending Dec 2025: 1.9%1.9%FY23FY24FY25

What drives ROE

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

Net margin0.9%
Asset turnover1.22×
ROA1.1%
ROA1.1%
Financial leverage6.39×
ROE7.2%

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

Net margin0.9%
2023: 1.1%1.1%2024: 3.1%3.1%2025: 0.9%0.9%232425
Asset turnover1.22×
2023: 0.92×0.92×2024: 1.16×1.16×2025: 1.22×1.22×232425
ROA1.1%
2023: 1.0%1.0%2024: 3.5%3.5%2025: 1.1%1.1%232425
Financial leverage6.39×
2023: 8.65×8.65×2024: 7.71×7.71×2025: 6.39×6.39×232425
ROE7.2%
2023: 8.8%8.8%2024: 27.3%27.3%2025: 7.2%7.2%232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20231.1%0.92×1.0%8.65×8.8%
20243.1%1.16×3.5%7.71×27.3%
20250.9%1.22×1.1%6.39×7.2%

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 ÷ revenue9.1%
2023: 17.6%17.6%2024: 13.5%13.5%2025: 9.1%9.1%232425
PPE ÷ total assets10.9%
2023: 16.2%16.2%2024: 15.1%15.1%2025: 10.9%10.9%232425
Goodwill ÷ parent equity92.1%
2023: 163.1%163.1%2024: 111.1%111.1%2025: 92.1%92.1%232425
Goodwill balance¥715.5M
2023: ¥791M¥791M2024: ¥709.4M¥709.4M2025: ¥715.5M¥715.5M232425

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 days40d
2023: 53d53d2024: 40d40d2025: 40d40d232425
Payable days37d
2023: 21d21d2024: 29d29d2025: 37d37d232425

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 Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue3,8585,0245,504
Cost of revenue1,1021,5321,779
Gross profit2,7563,4913,725
SG&A2,6373,2363,620
Operating income119255105
Pretax income116296175
Income tax73143124
Net income attributable to owners4315451
Operating margin3.1%5.1%1.9%

Balance sheet (reported items)

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

Assets

4%
Receivables 13%
Property, plant and equipment 11%
Intangibles and goodwill 46%
3%
Other assets 23%

Funding

4%
Other liabilities 79%
Equity 17%

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

ItemFY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥680M¥778.8M¥179.9M
Total assets¥4.2B¥4.47B¥4.58B
Net assets¥491.2M¥652.4M¥778.1M
Share capital¥30M¥30M¥74M
Trade receivables¥558.9M¥553.2M¥602.7M
Property, plant and equipment¥679.8M¥676.6M¥500.9M
Intangible assets excluding goodwill¥1.31B¥1.26B¥1.4B
Goodwill¥791M¥709.4M¥715.5M
Investment securities¥37M¥50.4M¥115.4M
Current assets¥1.99B¥2.24B¥2.26B
Current liabilities¥1.64B¥1.86B¥1.91B
Trade payables¥63M¥123.1M¥181M
Short-term borrowings¥850M¥800M¥900M
Long-term borrowings¥1.84B¥1.74B¥1.59B
Total liabilities¥3.7B¥3.82B¥3.8B
Equity attributable to owners of parent¥484.9M¥638.5M¥777.1M
Retained earnings¥432.9M¥586.5M¥637.2M

Sources

Show source documents (2)
  • EDINET (FSA Japan)

    訂正有価証券報告書-第35期(2025/01/01-2025/12/31)

    ID S100Y7FJ2026-05-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第34期(2024/01/01-2024/12/31)

    ID S100VIC42025-03-28Open

Extracted from XBRL: 46 / Derived from other figures: 1

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