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EnechangeENECHANGE Ltd.4169東証グロースサービス業FY ending Mar 2026, consolidated, J-GAAP

Enechange revenue and profit

Out of every ¥100 of sales, about ¥9 is left as operating profit. Revenue changed +52.9% from the prior year, and it swung back to an operating profit.

Five-year trend

Revenue¥6.7B
FY ending Dec 2022: ¥3.73B¥3.73BFY ending Dec 2023: ¥4.38B¥4.38BFY ending Mar 2026: ¥6.7B¥6.7BFY22FY23FY26
Operating income¥592.8M
FY ending Dec 2022: -¥1.12B-¥1.12BFY ending Dec 2023: -¥2.13B-¥2.13BFY ending Mar 2026: ¥592.8M¥592.8MFY22FY23FY26
Operating margin8.9%
FY ending Dec 2022: -30.0%-30.0%FY ending Dec 2023: -48.5%-48.5%FY ending Mar 2026: 8.9%8.9%FY22FY23FY26

What drives ROE

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

Net margin2.0%
Asset turnover0.87×
ROA1.7%
ROA1.7%
Financial leverage1.71×
ROE2.9%

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

Net margin2.0%
2026: 2.0%2.0%222326
Asset turnover0.87×
2026: 0.87×0.87×222326
ROA1.7%
2022: -19.5%-19.5%2023: -80.9%-80.9%2026: 1.7%1.7%222326
Financial leverage1.71×
2026: 1.71×1.71×222326
ROE2.9%
2026: 2.9%2.9%222326
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×-19.5%—×—
2023——×-80.9%—×—
20262.0%0.87×1.7%1.71×2.9%

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 ÷ revenue0.8%
2022: 2.8%2.8%2023: 0.3%0.3%2026: 0.8%0.8%222326
PPE ÷ total assets0.7%
2022: 1.5%1.5%2023: 0.3%0.3%2026: 0.7%0.7%222326
Goodwill ÷ parent equity2.3%
2022: 19.8%19.8%2026: 2.3%2.3%222326
Goodwill balance¥101.1M
2022: ¥702M¥702M2023: ¥357.9M¥357.9M2026: ¥101.1M¥101.1M222326

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 Mar 2026
Revenue3,7344,3796,698
Cost of revenue7981,027792
Gross profit2,9363,3525,906
SG&A4,0575,4775,313
Operating income-1,122-2,125593
Pretax income-1,229-4,959-116
Income tax8626-247
Net income attributable to owners-1,315-4,985131
Operating margin-30.0%-48.5%8.9%

Balance sheet (reported items)

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

Assets

Cash 59%
1%
2%
Investment securities 10%
Other assets 28%

Funding

Other liabilities 38%
Equity 62%
0%

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

ItemFY ending Dec 2022FY ending Dec 2023FY ending Mar 2026
Cash and equivalents¥3.07B¥2.18B¥4.49B
Total assets¥6.76B¥5.56B¥7.66B
Net assets¥3.5B-¥1.48B¥4.78B
Share capital¥3.06B¥47M¥21.4M
Property, plant and equipment¥104.8M¥15M¥53.6M
Intangible assets excluding goodwill¥808.5M¥560.8M¥102.3M
Goodwill¥702M¥357.9M¥101.1M
Investment securities¥1.13B¥1.02B¥743M
Current assets¥4.53B¥3.64B¥6.26B
Current liabilities¥2.08B¥3.57B¥2.62B
Short-term borrowings¥674.9M¥777.2M¥100M
Long-term borrowings¥1.14B¥1.53B¥260.8M
Bonds—¥1B—
Interest-bearing debt—¥3.31Bderived—
Total liabilities¥3.26B¥7.04B¥2.88B
Equity attributable to owners of parent¥3.55B-¥1.36B¥4.48B
Retained earnings-¥2.44B-¥7.42B¥232.8M
Treasury stock-¥163K-¥297K-¥653K

Sources

Show source documents (3)

  • EDINET (FSA Japan)

    有価証券報告書－第11期(2025/04/01－2026/03/31)

    ID S100YGHR2026-06-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第10期(2024/01/01－2025/03/31)

    ID S100W43H2025-06-24Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第9期(2023/01/01－2023/12/31)

    ID S100V62I2025-01-31Open

Extracted from XBRL: 47 / Derived from other figures: 1

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