Vizora日本語

CE HoldingsCE Holdings Co.,Ltd.4320東証スタンダード情報・通信業FY ending Sep 2025, consolidated, J-GAAP

CE Holdings revenue and profit

Out of every ¥100 of sales, about ¥9 is left as operating profit. Revenue changed +8.8% from the prior year, operating profit +22.9%.

Five-year trend

Revenue¥15.8B
FY ending Sep 2021: ¥12.3B¥12.3BFY ending Sep 2022: ¥13.7B¥13.7BFY ending Sep 2023: ¥13.6B¥13.6BFY ending Sep 2024: ¥14.6B¥14.6BFY ending Sep 2025: ¥15.8B¥15.8BFY21FY22FY23FY24FY25
Operating income¥1.41B
FY ending Sep 2021: ¥879.1M¥879.1MFY ending Sep 2022: ¥1.03B¥1.03BFY ending Sep 2023: ¥1.25B¥1.25BFY ending Sep 2024: ¥1.15B¥1.15BFY ending Sep 2025: ¥1.41B¥1.41BFY21FY22FY23FY24FY25
Operating margin8.9%
FY ending Sep 2021: 7.2%7.2%FY ending Sep 2022: 7.5%7.5%FY ending Sep 2023: 9.2%9.2%FY ending Sep 2024: 7.9%7.9%FY ending Sep 2025: 8.9%8.9%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin9.8%
Asset turnover1.32×
ROA13.0%
ROA13.0%
Financial leverage1.67×
ROE21.7%

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

Net margin9.8%
2021: 5.2%5.2%2022: 4.3%4.3%2023: 5.0%5.0%2024: 0.8%0.8%2025: 9.8%9.8%2122232425
Asset turnover1.32×
2021: 1.30×1.30×2022: 1.35×1.35×2023: 1.23×1.23×2024: 1.29×1.29×2025: 1.32×1.32×2122232425
ROA13.0%
2021: 6.7%6.7%2022: 5.8%5.8%2023: 6.2%6.2%2024: 1.1%1.1%2025: 13.0%13.0%2122232425
Financial leverage1.67×
2021: 1.88×1.88×2022: 1.91×1.91×2023: 1.90×1.90×2024: 1.85×1.85×2025: 1.67×1.67×2122232425
ROE21.7%
2021: 12.6%12.6%2022: 11.0%11.0%2023: 11.8%11.8%2024: 2.0%2.0%2025: 21.7%21.7%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20215.2%1.30×6.7%1.88×12.6%
20224.3%1.35×5.8%1.91×11.0%
20235.0%1.23×6.2%1.90×11.8%
20240.8%1.29×1.1%1.85×2.0%
20259.8%1.32×13.0%1.67×21.7%

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 ÷ revenue10.7%
2020: 5.6%5.6%2021: 5.3%5.3%2022: 12.7%12.7%2023: 13.9%13.9%2024: 11.8%11.8%2025: 10.7%10.7%202122232425
PPE ÷ total assets13.3%
2020: 6.7%6.7%2021: 6.9%6.9%2022: 16.0%16.0%2023: 16.8%16.8%2024: 15.3%15.3%2025: 13.3%13.3%202122232425
Goodwill ÷ parent equity0.1%
2020: 4.2%4.2%2021: 3.3%3.3%2022: 6.6%6.6%2023: 5.0%5.0%2024: 0.3%0.3%2025: 0.1%0.1%202122232425
Goodwill balance¥8.6M
2020: ¥189.1M¥189.1M2021: ¥166.5M¥166.5M2022: ¥369.6M¥369.6M2023: ¥305.1M¥305.1M2024: ¥15.5M¥15.5M2025: ¥8.6M¥8.6M202122232425

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¥16.1M
2020: ¥45.9M¥45.9M2021: ¥147.2M¥147.2M2022: ¥178.4M¥178.4M2023: ¥137.7M¥137.7M2024: ¥15.7M¥15.7M2025: ¥16.1M¥16.1M202122232425
R&D / revenue0.1%
2020: 0.4%0.4%2021: 1.2%1.2%2022: 1.3%1.3%2023: 1.0%1.0%2024: 0.1%0.1%2025: 0.1%0.1%202122232425
Receivable days—
2020: 77d77d2021: 75d75d202122232425

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 Sep 2021FY ending Sep 2022FY ending Sep 2023FY ending Sep 2024FY ending Sep 2025
Revenue12,28513,70313,63214,55415,831
Cost of revenue9,63610,5449,94211,18912,250
Gross profit2,6493,1593,6903,3653,582
SG&A1,7702,1272,4352,2172,170
Operating income8791,0311,2551,1481,412
Pretax income1,0011,0661,2627182,264
Income tax279384489528595
Net income attributable to owners6335886881231,558
Operating margin7.2%7.5%9.2%7.9%8.9%

Balance sheet (reported items)

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

Assets

Cash 40%
Property, plant and equipment 13%
8%
3%
Other assets 36%

Funding

Other liabilities 31%
Equity 69%
0%

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

ItemFY ending Sep 2021FY ending Sep 2022FY ending Sep 2023FY ending Sep 2024FY ending Sep 2025
Cash and equivalents¥2.87B¥3.96B¥3.14B¥3.83B¥5.03B
Total assets¥9.46B¥10.9B¥11.2B¥11.3B¥12.7B
Net assets¥5.48B¥6.08B¥6.58B¥6.6B¥8.84B
Share capital¥1.18B¥1.2B¥1.22B¥1.27B¥1.73B
Trade receivables¥2.54B————
Property, plant and equipment¥652.1M¥1.74B¥1.89B¥1.72B¥1.7B
Intangible assets excluding goodwill¥636.8M¥987.8M¥1.2B¥1.02B¥1.02B
Goodwill¥166.5M¥369.6M¥305.1M¥15.5M¥8.6M
Investment securities¥479.8M¥435.8M¥439.8M¥438.3M¥408.2M
Current assets¥7.1B¥7.1B¥7.06B¥7.47B¥9.08B
Current liabilities¥2.86B¥3.26B¥3.62B¥2.84B¥2.86B
Short-term borrowings—¥100M¥200M——
Long-term borrowings¥841.2M¥1.19B¥660.7M¥1.43B¥884.3M
Bonds¥5M————
Total liabilities¥3.98B¥4.82B¥4.66B¥4.65B¥3.9B
Non-controlling interests¥406.5M¥457.1M¥503.5M¥500.7M¥537.4M
Equity attributable to owners of parent¥5.04B¥5.61B¥6.06B¥6.08B¥8.27B
Retained earnings¥2.76B¥3.29B¥3.8B¥3.71B¥5B
Treasury stock-¥100.4M-¥100.4M-¥200.4M-¥200.4M-¥200.4M

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第30期(2024/10/01－2025/09/30)

    ID S100XB2A2025-12-18Open

  • EDINET (FSA Japan)

    有価証券報告書－第29期(2023/10/01－2024/09/30)

    ID S100UZ282024-12-20Open

  • EDINET (FSA Japan)

    有価証券報告書－第28期(2022/10/01－2023/09/30)

    ID S100SHNJ2023-12-20Open

  • EDINET (FSA Japan)

    有価証券報告書－第27期(令和3年10月1日－令和4年9月30日)

    ID S100PTO22022-12-20Open

  • EDINET (FSA Japan)

    有価証券報告書－第26期(令和2年10月1日－令和3年9月30日)

    ID S100N3A02021-12-21Open

  • EDINET (FSA Japan)

    有価証券報告書－第25期(令和1年10月1日－令和2年9月30日)

    ID S100KDRY2020-12-18Open

Extracted from XBRL: 48 / 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.

Open MarkdownShare on XSave image