D&M CompanyD&M COMPANY CO.,LTD189A東証グロースその他金融業FY ending May 2026, consolidated, J-GAAP

D&M Company revenue and profit

Out of every ¥100 of sales, about ¥17 is left as operating profit. Revenue changed +8.1% from the prior year, operating profit -9.1%.

Five-year trend

Revenue¥1.62B
FY ending May 2023: ¥1.11B¥1.11BFY ending May 2024: ¥1.19B¥1.19BFY ending May 2025: ¥1.5B¥1.5BFY ending May 2026: ¥1.62B¥1.62BFY23FY24FY25FY26
Operating income¥272.3M
FY ending May 2023: ¥236.4M¥236.4MFY ending May 2024: ¥281M¥281MFY ending May 2025: ¥299.6M¥299.6MFY ending May 2026: ¥272.3M¥272.3MFY23FY24FY25FY26
Operating margin16.8%
FY ending May 2023: 21.3%21.3%FY ending May 2024: 23.6%23.6%FY ending May 2025: 19.9%19.9%FY ending May 2026: 16.8%16.8%FY23FY24FY25FY26

What drives ROE

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

Net margin13.7%
Asset turnover0.16×
ROA2.2%
ROA2.2%
Financial leverage4.46×
ROE9.9%

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

Net margin13.7%
2023: 15.5%15.5%2024: 14.9%14.9%2025: 14.7%14.7%2026: 13.7%13.7%23242526
Asset turnover0.16×
2023: 0.14×0.14×2024: 0.14×0.14×2025: 0.17×0.17×2026: 0.16×0.16×23242526
ROA2.2%
2023: 2.1%2.1%2024: 2.1%2.1%2025: 2.4%2.4%2026: 2.2%2.2%23242526
Financial leverage4.46×
2023: 7.35×7.35×2024: 7.12×7.12×2025: 5.33×5.33×2026: 4.46×4.46×23242526
ROE9.9%
2023: 15.6%15.6%2024: 14.9%14.9%2025: 13.0%13.0%2026: 9.9%9.9%23242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202315.5%0.14×2.1%7.35×15.6%
202414.9%0.14×2.1%7.12×14.9%
202514.7%0.17×2.4%5.33×13.0%
202613.7%0.16×2.2%4.46×9.9%

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 ÷ revenue17.0%
2023: 2.7%2.7%2024: 2.1%2.1%2025: 4.0%4.0%2026: 17.0%17.0%23242526
PPE ÷ total assets2.6%
2023: 0.4%0.4%2024: 0.3%0.3%2025: 0.6%0.6%2026: 2.6%2.6%23242526
Goodwill ÷ parent equity0.2%
2026: 0.2%0.2%23242526
Goodwill balance¥4M
2026: ¥4M¥4M23242526

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 May 2023FY ending May 2024FY ending May 2025FY ending May 2026
Revenue1,1111,1901,5031,624
Cost of revenue455435657750
Gross profit656755846874
SG&A419474546601
Operating income236281300272
Pretax income250274300311
Income tax79977989
Net income attributable to owners172177221222
Operating margin21.3%23.6%19.9%16.8%

Balance sheet (reported items)

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

Assets

6%
3%
0%
0%
Other assets 91%

Funding

Other liabilities 78%
Equity 22%
0%

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

ItemFY ending May 2023FY ending May 2024FY ending May 2025FY ending May 2026
Cash and equivalents¥641.3M¥347.2M¥453.9M¥611.3M
Total assets¥8.1B¥8.79B¥9.28B¥10.6B
Net assets¥1.1B¥1.27B¥2.12B¥2.35B
Share capital¥153.4M¥153.4M¥471.3M¥494.8M
Property, plant and equipment¥29.9M¥25.4M¥60.2M¥275.6M
Intangible assets excluding goodwill¥2.1M¥1.7M¥1.1M¥5.7M
Goodwill———¥4M
Investment securities———¥30M
Current assets¥8.01B¥8.66B¥9.09B¥10.2B
Current liabilities¥6.23B¥6.98B¥6.34B¥7.31B
Short-term borrowings¥5.55B¥6.43B¥5.66B¥6.72B
Long-term borrowings¥699.2M¥495.1M¥785.6M¥762M
Total liabilities¥6.99B¥7.52B¥7.16B¥8.28B
Equity attributable to owners of parent¥1.1B¥1.27B¥2.12B¥2.34B
Retained earnings¥825M¥994.7M¥1.21B¥1.38B

Sources

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

    有価証券報告書-第11期(2025/06/01-2026/05/31)

    ID S100YZ572026-08-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第10期(2024/06/01-2025/05/31)

    ID S100WKS02025-08-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第9期(2023/06/01-2024/05/31)

    ID S100UA022024-08-26Open

Extracted from XBRL: 46 / Derived from other figures: 1

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