Bitcoin JapanBitcoin Japan Corporation8105東証スタンダード卸売業FY ending Mar 2026, consolidated, J-GAAP

Bitcoin Japan revenue and profit

It lost about ¥16 for every ¥100 of sales at the operating level. Revenue changed -4.5% from the prior year.

Five-year trend

Revenue¥2.96B
FY ending Mar 2022: ¥3.7B¥3.7BFY ending Mar 2023: ¥3.87B¥3.87BFY ending Mar 2024: ¥3.69B¥3.69BFY ending Mar 2025: ¥3.1B¥3.1BFY ending Mar 2026: ¥2.96B¥2.96BFY22FY23FY24FY25FY26
Operating income-¥462M
FY ending Mar 2022: -¥174M-¥174MFY ending Mar 2023: -¥116.1M-¥116.1MFY ending Mar 2024: -¥190.6M-¥190.6MFY ending Mar 2025: -¥355.2M-¥355.2MFY ending Mar 2026: -¥462M-¥462MFY22FY23FY24FY25FY26
Operating margin-15.6%
FY ending Mar 2022: -4.7%-4.7%FY ending Mar 2023: -3.0%-3.0%FY ending Mar 2024: -5.2%-5.2%FY ending Mar 2025: -11.5%-11.5%FY ending Mar 2026: -15.6%-15.6%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin—
2024: 0.5%0.5%2223242526
Asset turnover—
2024: 0.99×0.99×2223242526
ROA-13.5%
2022: -5.4%-5.4%2023: -2.1%-2.1%2024: 0.5%0.5%2025: -11.4%-11.4%2026: -13.5%-13.5%2223242526
Financial leverage—
2024: 1.26×1.26×2223242526
ROE—
2024: 0.7%0.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×-5.4%—×—
2023——×-2.1%—×—
20240.5%0.99×0.5%1.26×0.7%
2025——×-11.4%—×—
2026——×-13.5%—×—

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 ÷ revenue2.8%
2021: 2.2%2.2%2022: 2.2%2.2%2023: 2.4%2.4%2024: 2.9%2.9%2025: 3.8%3.8%2026: 2.8%2.8%212223242526
PPE ÷ total assets1.8%
2021: 2.0%2.0%2022: 2.1%2.1%2023: 2.5%2.5%2024: 2.8%2.8%2025: 3.5%3.5%2026: 1.8%1.8%212223242526

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: 71d71d212223242526
Payable days38d
2021: 48d48d2022: 49d49d2023: 46d46d2024: 38d38d2025: 49d49d2026: 38d38d212223242526

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
Revenue3,7023,8673,6943,0992,959
Cost of revenue2,5822,6732,5902,0891,967
Gross profit1,1201,1941,1031,010992
SG&A1,2941,3101,2941,3651,454
Operating income-174-116-191-355-462
Pretax income-195-7626-398-530
Income tax132797
Net income attributable to owners-208-7819-407-537
Operating margin-4.7%-3.0%-5.2%-11.5%-15.6%

Balance sheet (reported items)

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

Assets

Cash 65%
2%
0%
1%
Other assets 32%

Funding

5%
Other liabilities 9%
Equity 86%
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¥1.04B¥977.4M¥420.3M¥474.7M¥3.02B
Total assets¥3.82B¥3.69B¥3.8B¥3.33B¥4.64B
Net assets¥3.09B¥3.03B¥3.06B¥2.68B¥4B
Share capital¥100M¥100M¥100M¥100M¥1.03B
Property, plant and equipment¥81.5M¥91.9M¥106.9M¥117.1M¥81.7M
Intangible assets excluding goodwill¥399K¥130K——¥425K
Investment securities¥42.8M¥45.5M¥53.3M¥51.3M¥56M
Current assets¥3.64B¥3.5B¥3.59B¥3.11B¥4.45B
Current liabilities¥706.6M¥642.5M¥709.6M¥627.3M¥608.7M
Trade payables¥343.2M¥333.7M¥269.4M¥280.8M¥203.1M
Total liabilities¥731.5M¥668.1M¥740.7M¥654.8M¥637M
Equity attributable to owners of parent¥3.05B¥2.98B¥2.99B¥2.59B¥3.9B
Retained earnings¥106.5M¥28.4M¥47.8M-¥359.5M-¥896.8M
Treasury stock-¥389.6M-¥389.6M-¥389.6M-¥389.6M-¥389.7M

Sources

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

    有価証券報告書-第122期(2025/04/01-2026/03/31)

    ID S100YM8W2026-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第121期(2024/04/01-2025/03/31)

    ID S100W75R2025-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第120期(2023/04/01-2024/03/31)

    ID S100TRYD2024-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第119期(2022/04/01-2023/03/31)

    ID S100R4KC2023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第118期(令和3年4月1日-令和4年3月31日)

    ID S100OJMR2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第117期(令和2年4月1日-令和3年3月31日)

    ID S100LL2S2021-06-24Open

Extracted from XBRL: 44 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.