Benefit JapanBENEFIT JAPAN Co.,Ltd.3934東証スタンダード情報・通信業FY ending Mar 2026, consolidated, J-GAAP

Benefit Japan revenue and profit

Out of every ¥100 of sales, about ¥8 is left as operating profit. Revenue changed +44.3% from the prior year, operating profit +21.4%.

Five-year trend

Revenue¥18.4B
FY ending Mar 2022: ¥11.6B¥11.6BFY ending Mar 2023: ¥12.6B¥12.6BFY ending Mar 2024: ¥13.1B¥13.1BFY ending Mar 2025: ¥12.7B¥12.7BFY ending Mar 2026: ¥18.4B¥18.4BFY22FY23FY24FY25FY26
Operating income¥1.48B
FY ending Mar 2022: ¥1.51B¥1.51BFY ending Mar 2023: ¥1.02B¥1.02BFY ending Mar 2024: ¥886.6M¥886.6MFY ending Mar 2025: ¥1.22B¥1.22BFY ending Mar 2026: ¥1.48B¥1.48BFY22FY23FY24FY25FY26
Operating margin8.1%
FY ending Mar 2022: 13.0%13.0%FY ending Mar 2023: 8.2%8.2%FY ending Mar 2024: 6.8%6.8%FY ending Mar 2025: 9.6%9.6%FY ending Mar 2026: 8.1%8.1%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin5.4%
Asset turnover1.40×
ROA7.6%
ROA7.6%
Financial leverage1.58×
ROE12.0%

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

Net margin5.4%
2022: 9.1%9.1%2023: 4.5%4.5%2024: 5.6%5.6%2025: 6.5%6.5%2026: 5.4%5.4%2223242526
Asset turnover1.40×
2022: 1.15×1.15×2023: 1.24×1.24×2024: 1.22×1.22×2025: 1.11×1.11×2026: 1.40×1.40×2223242526
ROA7.6%
2022: 10.4%10.4%2023: 5.5%5.5%2024: 6.9%6.9%2025: 7.2%7.2%2026: 7.6%7.6%2223242526
Financial leverage1.58×
2022: 1.63×1.63×2023: 1.58×1.58×2024: 1.54×1.54×2025: 1.52×1.52×2026: 1.58×1.58×2223242526
ROE12.0%
2022: 17.0%17.0%2023: 8.7%8.7%2024: 10.6%10.6%2025: 11.0%11.0%2026: 12.0%12.0%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20229.1%1.15×10.4%1.63×17.0%
20234.5%1.24×5.5%1.58×8.7%
20245.6%1.22×6.9%1.54×10.6%
20256.5%1.11×7.2%1.52×11.0%
20265.4%1.40×7.6%1.58×12.0%

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 ÷ revenue1.3%
2021: 0.5%0.5%2022: 0.7%0.7%2023: 1.9%1.9%2024: 2.0%2.0%2025: 1.4%1.4%2026: 1.3%1.3%212223242526
PPE ÷ total assets1.7%
2021: 0.6%0.6%2022: 0.7%0.7%2023: 2.4%2.4%2024: 2.3%2.3%2025: 1.5%1.5%2026: 1.7%1.7%212223242526
Goodwill ÷ parent equity1.9%
2021: 5.0%5.0%2022: 3.0%3.0%2023: 1.6%1.6%2024: 0.9%0.9%2025: 0.3%0.3%2026: 1.9%1.9%212223242526
Goodwill balance¥169.5M
2021: ¥255.9M¥255.9M2022: ¥182.8M¥182.8M2023: ¥109.7M¥109.7M2024: ¥62M¥62M2025: ¥20.1M¥20.1M2026: ¥169.5M¥169.5M212223242526

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: 40d40d212223242526
Payable days18d
2021: 20d20d2022: 19d19d2023: 16d16d2024: 17d17d2025: 21d21d2026: 18d18d212223242526

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
Revenue11,56812,55713,06612,74518,394
Cost of revenue5,1155,7205,7115,3947,926
Gross profit6,4536,8377,3557,35110,468
SG&A4,9465,8136,4696,1318,986
Operating income1,5071,0248871,2211,482
Pretax income1,5118931,0671,2311,489
Income tax461332333400494
Net income attributable to owners1,049561735831995
Operating margin13.0%8.2%6.8%9.6%8.1%

Balance sheet (reported items)

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

Assets

Cash 24%
2%
4%
0%
Other assets 70%

Funding

3%
Other liabilities 36%
Equity 61%
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¥2.82B¥2.62B¥3.13B¥4.23B¥3.49B
Total assets¥10.1B¥10.2B¥11.2B¥11.9B¥14.3B
Net assets¥6.16B¥6.67B¥7.25B¥7.94B¥8.74B
Share capital¥648.4M¥652.1M¥656.8M¥658.4M¥680.5M
Property, plant and equipment¥75.3M¥241.2M¥257.3M¥182.9M¥248.2M
Intangible assets excluding goodwill¥250.6M¥203.6M¥212.2M¥178.4M¥358.7M
Goodwill¥182.8M¥109.7M¥62M¥20.1M¥169.5M
Investment securities¥8M¥8M¥11M¥5.5M¥42.5M
Current assets¥9.35B¥9.31B¥10.2B¥11B¥13.1B
Current liabilities¥3.76B¥2.56B¥3.32B¥2.55B¥4.42B
Trade payables¥268.6M¥255.2M¥264.9M¥306.2M¥397M
Short-term borrowings¥2B¥800M¥850M¥400M¥750M
Long-term borrowings¥90M¥895M¥581.3M¥1.28B¥1.07B
Total liabilities¥3.91B¥3.51B¥3.96B¥3.92B¥5.59B
Equity attributable to owners of parent¥6.16B¥6.67B¥7.24B¥7.93B¥8.7B
Retained earnings¥5.24B¥5.74B¥6.42B¥7.14B¥7.88B
Treasury stock-¥506K-¥506K-¥116.3M-¥152.3M-¥159.7M

Sources

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

    有価証券報告書-第30期(2025/04/01-2026/03/31)

    ID S100YHUS2026-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第29期(2024/04/01-2025/03/31)

    ID S100W3YU2025-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第28期(2023/04/01-2024/03/31)

    ID S100TVOR2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第27期(2022/04/01-2023/03/31)

    ID S100R7872023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第26期(令和3年4月1日-令和4年3月31日)

    ID S100OKGX2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第25期(令和2年4月1日-令和3年3月31日)

    ID S100LOU62021-06-24Open

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