Blue innovationBlue innovation Co., Ltd.5597東証グロース情報・通信業FY ending Dec 2025, non-consolidated, J-GAAP

Blue innovation revenue and profit

It lost about ¥52 for every ¥100 of sales at the operating level. Revenue changed -14.0% from the prior year.

Five-year trend

Revenue¥1.05B
FY ending Dec 2022: ¥908.4M¥908.4MFY ending Dec 2023: ¥1.26B¥1.26BFY ending Dec 2024: ¥1.22B¥1.22BFY ending Dec 2025: ¥1.05B¥1.05BFY22FY23FY24FY25
Operating income-¥548.1M
FY ending Dec 2022: -¥349.5M-¥349.5MFY ending Dec 2023: -¥289.8M-¥289.8MFY ending Dec 2024: -¥398.4M-¥398.4MFY ending Dec 2025: -¥548.1M-¥548.1MFY22FY23FY24FY25
Operating margin-52.1%
FY ending Dec 2022: -38.5%-38.5%FY ending Dec 2023: -22.9%-22.9%FY ending Dec 2024: -32.6%-32.6%FY ending Dec 2025: -52.1%-52.1%FY22FY23FY24FY25

What drives ROE

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

ROA-46.3%
2022: -36.8%-36.8%2023: -22.0%-22.0%2024: -25.2%-25.2%2025: -46.3%-46.3%22232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×-36.8%—×—
2023——×-22.0%—×—
2024——×-25.2%—×—
2025——×-46.3%—×—

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 ÷ revenue—
2022: 7.6%7.6%2023: 6.6%6.6%2024: 6.7%6.7%22232425
PPE ÷ total assets—
2022: 7.4%7.4%2023: 4.6%4.6%2024: 6.1%6.1%22232425

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.

R&D spending¥150.1M
2022: ¥185.9M¥185.9M2023: ¥241.8M¥241.8M2024: ¥147.9M¥147.9M2025: ¥150.1M¥150.1M22232425
R&D / revenue14.3%
2022: 20.5%20.5%2023: 19.1%19.1%2024: 12.1%12.1%2025: 14.3%14.3%22232425

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 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue9081,2651,2231,051
Cost of revenue518698713641
Gross profit391566511410
SG&A740856909959
Operating income-350-290-398-548
Pretax income-342-297-392-633
Income tax3333
Net income attributable to owners-345-299-395-635
Operating margin-38.5%-22.9%-32.6%-52.1%

Balance sheet (reported items)

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

Assets

Cash 70%
Other assets 30%

Funding

Other liabilities 85%
Equity 15%
0%

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

ItemFY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥527.3M¥1.22B¥668.5M¥988.2M
Total assets¥937.1M¥1.79B¥1.34B¥1.4B
Net assets¥366M¥1.03B¥633.3M¥205.3M
Share capital¥215M¥695.7M¥695.7M¥797.4M
Property, plant and equipment¥69.4M¥82.9M¥82.2M—
Intangible assets excluding goodwill¥25.3M¥16.4M¥7.4M—
Current assets¥832.5M¥1.68B¥1.24B¥1.39B
Current liabilities¥176.6M¥281.7M¥250.9M¥264.5M
Long-term borrowings¥392.5M¥473.2M¥456.5M¥430.9M
Bonds———¥500M
Total liabilities¥571.2M¥757M¥709.5M¥1.2B
Equity attributable to owners of parent¥366M¥1.03B¥633.3M¥201.4M
Retained earnings-¥344.6M-¥299.3M-¥694M-¥1.33B

Sources

Show source documents (3)
  • EDINET (FSA Japan)

    有価証券報告書-第27期(2025/01/01-2025/12/31)

    ID S100XVG32026-03-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第26期(2024/01/01-2024/12/31)

    ID S100VJ3L2025-03-31Open
  • EDINET (FSA Japan)

    有価証券報告書-第25期(2023/01/01-2023/12/31)

    ID S100T6IA2024-03-29Open

Extracted from XBRL: 38 / Derived from other figures: 1

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