EM SystemsEM SYSTEMS CO.,LTD.4820東証プライム情報・通信業FY ending Dec 2025, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥15 is left as operating profit. Revenue changed -4.7% from the prior year, operating profit -17.7%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2021 | 12.7% | 0.58× | 7.4% | 1.33× | 9.8% |
| 2022 | 11.2% | 0.66× | 7.4% | 1.34× | 10.0% |
| 2023 | 9.6% | 0.73× | 7.0% | 1.41× | 9.9% |
| 2024 | 9.8% | 0.81× | 7.9% | 1.50× | 11.9% |
| 2025 | 10.4% | 0.80× | 8.3% | 1.47× | 12.2% |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
Track R&D investment and how long operating capital remains tied up before sales turn into cash.
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.
| Item | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 14,436 | 16,919 | 20,355 | 24,837 | 23,658 |
| Cost of revenue | 7,345 | 8,644 | 10,433 | 11,275 | 11,779 |
| Gross profit | 7,090 | 8,275 | 9,921 | 13,561 | 11,879 |
| SG&A | 5,219 | 5,879 | 7,591 | 9,097 | 8,202 |
| Operating income | 1,870 | 2,395 | 2,330 | 4,464 | 3,676 |
| Pretax income | 2,599 | 2,789 | 2,750 | 3,694 | 3,624 |
| Income tax | 787 | 914 | 766 | 1,246 | 1,160 |
| Net income attributable to owners | 1,829 | 1,893 | 1,962 | 2,425 | 2,452 |
| Operating margin | 13.0% | 14.2% | 11.4% | 18.0% | 15.5% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥8.29B | ¥8.88B | ¥9.44B | ¥11.9B | ¥7.85B |
| Total assets | ¥24.8B | ¥26.3B | ¥29.4B | ¥31.7B | ¥27.5B |
| Net assets | ¥18.8B | ¥19.5B | ¥20.6B | ¥20.6B | ¥20.4B |
| Share capital | ¥2.79B | ¥2.79B | ¥2.79B | ¥2.79B | ¥2.79B |
| Trade receivables | ¥2.56B | ¥2.76B | ¥3.08B | ¥4.29B | ¥3.21B |
| Property, plant and equipment | ¥1.33B | ¥1.37B | ¥1.33B | ¥1.24B | ¥1.38B |
| Intangible assets excluding goodwill | ¥2.52B | ¥2.32B | ¥5.19B | ¥3.49B | ¥4.02B |
| Goodwill | ¥285M | ¥188M | ¥1.48B | ¥1.26B | ¥2.06B |
| Investment securities | ¥677M | ¥1.26B | ¥962M | ¥906M | ¥1.04B |
| Current assets | ¥12.6B | ¥13.8B | ¥14.8B | ¥18.3B | ¥12.9B |
| Current liabilities | ¥4.17B | ¥4.94B | ¥5.62B | ¥9.07B | ¥5.77B |
| Trade payables | ¥852M | ¥1.4B | ¥1.12B | ¥1.38B | ¥1.18B |
| Long-term borrowings | — | — | ¥1.53B | ¥569M | ¥5M |
| Total liabilities | ¥5.98B | ¥6.85B | ¥8.82B | ¥11.1B | ¥7.07B |
| Non-controlling interests | ¥42M | ¥23M | ¥45M | ¥29M | ¥41M |
| Equity attributable to owners of parent | ¥18.7B | ¥19.3B | ¥20.3B | ¥20.3B | ¥19.9B |
| Retained earnings | ¥14.1B | ¥15.2B | ¥16.1B | ¥15.8B | ¥15.3B |
| Treasury stock | -¥1.54B | -¥2.02B | -¥1.99B | -¥763M | -¥711M |
EDINET (FSA Japan)
有価証券報告書－第43期(2025/01/01－2025/12/31)
EDINET (FSA Japan)
有価証券報告書－第42期(2024/01/01－2024/12/31)
EDINET (FSA Japan)
有価証券報告書－第40期(2022/01/01－2022/12/31)
EDINET (FSA Japan)
有価証券報告書－第39期(令和3年1月1日－令和3年12月31日)
EDINET (FSA Japan)
訂正有価証券報告書－第38期(令和2年4月1日－令和2年12月31日)
Extracted from XBRL: 54 / Derived from other figures: 1
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