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DCM HoldingsDCM Holdings Co.,Ltd.3050東証プライム小売業FY ending Feb 2026, consolidated, J-GAAP

DCM Holdings revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed -0.6% from the prior year, operating profit -6.7%.

Five-year trend

Revenue¥533.1B
FY ending Feb 2022: ¥437.7B¥437.7BFY ending Feb 2023: ¥469.8B¥469.8BFY ending Feb 2024: ¥481.3B¥481.3BFY ending Feb 2025: ¥536.1B¥536.1BFY ending Feb 2026: ¥533.1B¥533.1BFY22FY23FY24FY25FY26
Operating income¥31B
FY ending Feb 2022: ¥30.6B¥30.6BFY ending Feb 2023: ¥30.1B¥30.1BFY ending Feb 2024: ¥28.7B¥28.7BFY ending Feb 2025: ¥33.2B¥33.2BFY ending Feb 2026: ¥31B¥31BFY22FY23FY24FY25FY26
Operating margin5.8%
FY ending Feb 2022: 7.0%7.0%FY ending Feb 2023: 6.4%6.4%FY ending Feb 2024: 6.0%6.0%FY ending Feb 2025: 6.2%6.2%FY ending Feb 2026: 5.8%5.8%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin3.2%
Asset turnover0.81×
ROA2.6%
ROA2.6%
Financial leverage2.48×
ROE6.5%

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

Net margin3.2%
2022: 4.3%4.3%2023: 3.9%3.9%2024: 4.5%4.5%2025: 3.2%3.2%2026: 3.2%3.2%2223242526
Asset turnover0.81×
2022: 0.97×0.97×2023: 0.97×0.97×2024: 0.85×0.85×2025: 0.84×0.84×2026: 0.81×0.81×2223242526
ROA2.6%
2022: 4.2%4.2%2023: 3.8%3.8%2024: 3.8%3.8%2025: 2.7%2.7%2026: 2.6%2.6%2223242526
Financial leverage2.48×
2022: 1.89×1.89×2023: 2.02×2.02×2024: 2.34×2.34×2025: 2.53×2.53×2026: 2.48×2.48×2223242526
ROE6.5%
2022: 7.9%7.9%2023: 7.6%7.6%2024: 8.8%8.8%2025: 6.8%6.8%2026: 6.5%6.5%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20224.3%0.97×4.2%1.89×7.9%
20233.9%0.97×3.8%2.02×7.6%
20244.5%0.85×3.8%2.34×8.8%
20253.2%0.84×2.7%2.53×6.8%
20263.2%0.81×2.6%2.48×6.5%

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 ÷ revenue43.8%
2021: 43.6%43.6%2022: 44.8%44.8%2023: 41.7%41.7%2024: 45.3%45.3%2025: 41.3%41.3%2026: 43.8%43.8%212223242526
PPE ÷ total assets34.8%
2021: 41.2%41.2%2022: 43.7%43.7%2023: 37.9%37.9%2024: 35.0%35.0%2025: 34.1%34.1%2026: 34.8%34.8%212223242526
Goodwill ÷ parent equity18.5%
2021: 0.3%0.3%2022: 0.2%0.2%2023: 8.5%8.5%2024: 18.4%18.4%2025: 16.6%16.6%2026: 18.5%18.5%212223242526
Goodwill balance¥50.9B
2021: ¥730M¥730M2022: ¥488M¥488M2023: ¥20.4B¥20.4B2024: ¥45.2B¥45.2B2025: ¥42.7B¥42.7B2026: ¥50.9B¥50.9B212223242526

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 days9d
2021: 12d12d2022: 12d12d2025: 7d7d2026: 9d9d212223242526
Payable days28d
2021: 42d42d2022: 29d29d2023: 28d28d2024: 27d27d2025: 23d23d2026: 28d28d212223242526

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 Feb 2022FY ending Feb 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Revenue437,722469,782481,310536,132533,107
Cost of revenue290,336313,503321,043353,472350,014
Gross profit147,386156,279160,266182,660183,092
SG&A123,765133,250138,885157,899161,288
Operating income30,64930,06828,68533,23031,014
Pretax income27,74228,64630,07729,10428,227
Income tax8,93210,5108,59811,95910,916
Net income attributable to owners18,80918,13521,44617,14417,310
Operating margin7.0%6.4%6.0%6.2%5.8%

Balance sheet (reported items)

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

Assets

Cash 13%
2%
Property, plant and equipment 35%
Intangibles and goodwill 17%
8%
Other assets 25%

Funding

4%
Interest-bearing debt 34%
Other liabilities 18%
Equity 44%

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

ItemFY ending Feb 2022FY ending Feb 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Cash and equivalents¥44.1B¥55.6B¥93.7B¥119.4B¥85.1B
Total assets¥449.2B¥516B¥622.7B¥647.9B¥670.9B
Net assets¥240.7B¥243.4B¥251.3B¥264.3B¥298.2B
Share capital¥20B¥20B¥20B¥20B¥20B
Trade receivables¥14.2B——¥10.5B¥12.7B
Property, plant and equipment¥196.2B¥195.7B¥218.1B¥221.2B¥233.5B
Intangible assets excluding goodwill¥13.3B¥33.6B¥57.2B¥55.1B¥64.1B
Goodwill¥488M¥20.4B¥45.2B¥42.7B¥50.9B
Investment securities¥23.7B¥30.9B¥34.5B¥35.9B¥57.2B
Current assets¥175.1B¥214.4B¥268.1B¥292.4B¥272.6B
Current liabilities¥100.1B¥102.8B¥168.7B¥127.7B¥112.4B
Trade payables¥22.8B¥24.2B¥23.8B¥22.7B¥27.1B
Short-term borrowings—¥10B¥57.3B—¥3.53B
Long-term borrowings¥73.8B¥137.1B¥169.8B¥188.8B¥186.3B
Bonds¥10B¥10B—¥35B¥35B
Interest-bearing debt—¥157.1Bderived——¥224.9Bderived
Total liabilities¥208.4B¥272.6B¥371.5B¥383.6B¥372.7B
Equity attributable to owners of parent¥237.6B¥240.8B¥245.6B¥256.8B¥274.8B
Retained earnings¥178.3B¥185.4B¥192.5B¥200.1B¥211.1B
Treasury stock-¥15.7B-¥18.6B-¥18.3B-¥14.6B-¥10.2B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第20期(2025/03/01－2026/02/28)

    ID S100Y6MK2026-05-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第19期(2024/03/01－2025/02/28)

    ID S100VUJ12025-05-30Open

  • EDINET (FSA Japan)

    有価証券報告書－第18期(2023/03/01－2024/02/29)

    ID S100TJ6A2024-05-31Open

  • EDINET (FSA Japan)

    有価証券報告書－第17期(2022/03/01－2023/02/28)

    ID S100QTTX2023-05-26Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第16期(令和3年3月1日－令和4年2月28日)

    ID S100OAQD2022-06-20Open

  • EDINET (FSA Japan)

    有価証券報告書－第15期(令和2年3月1日－令和3年2月28日)

    ID S100LF7I2021-05-28Open

Extracted from XBRL: 50 / Derived from other figures: 2

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