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Columbia WorksColumbia Works Inc.146A東証スタンダード不動産業FY ending Dec 2025, consolidated, J-GAAP

Columbia Works revenue and profit

Out of every ¥100 of sales, about ¥16 is left as operating profit. Revenue changed +76.8% from the prior year, operating profit +54.9%.

Five-year trend

Revenue¥37.1B
FY ending Dec 2022: ¥11B¥11BFY ending Dec 2023: ¥14.5B¥14.5BFY ending Dec 2024: ¥21B¥21BFY ending Dec 2025: ¥37.1B¥37.1BFY22FY23FY24FY25
Operating income¥6.03B
FY ending Dec 2022: ¥2.19B¥2.19BFY ending Dec 2023: ¥2.72B¥2.72BFY ending Dec 2024: ¥3.89B¥3.89BFY ending Dec 2025: ¥6.03B¥6.03BFY22FY23FY24FY25
Operating margin16.3%
FY ending Dec 2022: 19.9%19.9%FY ending Dec 2023: 18.8%18.8%FY ending Dec 2024: 18.6%18.6%FY ending Dec 2025: 16.3%16.3%FY22FY23FY24FY25

What drives ROE

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

Net margin9.3%
Asset turnover0.62×
ROA5.8%
ROA5.8%
Financial leverage4.03×
ROE23.5%

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

Net margin9.3%
2022: 10.7%10.7%2023: 10.5%10.5%2024: 10.7%10.7%2025: 9.3%9.3%22232425
Asset turnover0.62×
2022: 0.41×0.41×2023: 0.49×0.49×2024: 0.50×0.50×2025: 0.62×0.62×22232425
ROA5.8%
2022: 4.4%4.4%2023: 5.1%5.1%2024: 5.3%5.3%2025: 5.8%5.8%22232425
Financial leverage4.03×
2022: 4.65×4.65×2023: 4.56×4.56×2024: 4.38×4.38×2025: 4.03×4.03×22232425
ROE23.5%
2022: 20.2%20.2%2023: 23.4%23.4%2024: 23.3%23.3%2025: 23.5%23.5%22232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
202210.7%0.41×4.4%4.65×20.2%
202310.5%0.49×5.1%4.56×23.4%
202410.7%0.50×5.3%4.38×23.3%
20259.3%0.62×5.8%4.03×23.5%

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 ÷ revenue31.5%
2022: 50.4%50.4%2023: 62.0%62.0%2024: 49.3%49.3%2025: 31.5%31.5%22232425
PPE ÷ total assets17.5%
2022: 20.6%20.6%2023: 28.0%28.0%2024: 19.8%19.8%2025: 17.5%17.5%22232425

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Income statement (JPY millions)

ItemFY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue11,01314,46920,98137,084
Cost of revenue7,72210,61715,30828,428
Gross profit3,2903,8515,6738,656
SG&A1,1001,1321,7802,627
Operating income2,1902,7183,8926,028
Pretax income1,8112,2743,5185,288
Income tax6367571,2801,823
Net income attributable to owners1,1741,5162,2383,464
Operating margin19.9%18.8%18.6%16.3%

Balance sheet (reported items)

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

Assets

Cash 12%
Property, plant and equipment 18%
0%
0%
Other assets 70%

Funding

Interest-bearing debt 55%
Other liabilities 19%
Equity 26%
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¥3.03B¥3.1B¥4.24B¥7.86B
Total assets¥27B¥32B¥52.2B¥66.9B
Net assets¥5.8B¥7.14B¥12.1B¥17.4B
Share capital¥100M¥100M¥1.58B¥2.7B
Property, plant and equipment¥5.55B¥8.97B¥10.3B¥11.7B
Intangible assets excluding goodwill¥95M¥90M¥213M¥169M
Investment securities¥128M¥20M¥7M¥133M
Current assets¥20.8B¥22B¥40.8B¥53.7B
Current liabilities¥6.55B¥8.95B¥9.12B¥22.3B
Short-term borrowings¥2.63B¥3.25B¥2.25B¥9.93B
Long-term borrowings¥14.2B¥15.3B¥30.5B¥26.5B
Bonds¥43M¥16M¥8M¥136M
Interest-bearing debt¥16.9Bderived¥18.6Bderived¥32.8Bderived¥36.5Bderived
Total liabilities¥21.2B¥24.9B¥40.1B¥49.4B
Equity attributable to owners of parent¥5.8B¥7.14B¥12.1B¥17.4B
Retained earnings¥5.69B¥7.03B¥9.04B¥12.1B

Sources

Show source documents (3)

  • EDINET (FSA Japan)

    有価証券報告書－第13期(2025/01/01－2025/12/31)

    ID S100XUIC2026-03-26Open

  • EDINET (FSA Japan)

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

    ID S100VJ202025-03-31Open

  • EDINET (FSA Japan)

    有価証券報告書－第11期(2023/01/01－2023/12/31)

    ID S100T6JR2024-03-29Open

Extracted from XBRL: 47 / Derived from other figures: 2

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