Es-Con JapanES-CON JAPAN Ltd.8892東証プライム不動産業FY ending Mar 2026, consolidated, J-GAAP

Es-Con Japan revenue and profit

Out of every ¥100 of sales, about ¥19 is left as operating profit. Revenue changed +20.6% from the prior year, operating profit +22.5%.

Five-year trend

Revenue¥137B
FY ending Dec 2022: ¥99.4B¥99.4BFY ending Mar 2025: ¥113.6B¥113.6BFY ending Mar 2026: ¥137B¥137BFY22FY25FY26
Operating income¥26.1B
FY ending Dec 2022: ¥15.5B¥15.5BFY ending Mar 2025: ¥21.3B¥21.3BFY ending Mar 2026: ¥26.1B¥26.1BFY22FY25FY26
Operating margin19.0%
FY ending Dec 2022: 15.6%15.6%FY ending Mar 2025: 18.8%18.8%FY ending Mar 2026: 19.0%19.0%FY22FY25FY26

What drives ROE

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

Net margin8.9%
Asset turnover0.28×
ROA2.5%
ROA2.5%
Financial leverage5.86×
ROE14.7%

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

Net margin8.9%
2022: 7.3%7.3%2025: 9.9%9.9%2026: 8.9%8.9%222526
Asset turnover0.28×
2022: 0.38×0.38×2025: 0.25×0.25×2026: 0.28×0.28×222526
ROA2.5%
2022: 2.7%2.7%2025: 2.4%2.4%2026: 2.5%2.5%222526
Financial leverage5.86×
2022: 4.01×4.01×2025: 5.82×5.82×2026: 5.86×5.86×222526
ROE14.7%
2022: 11.0%11.0%2025: 14.2%14.2%2026: 14.7%14.7%222526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20227.3%0.38×2.7%4.01×11.0%
20259.9%0.25×2.4%5.82×14.2%
20268.9%0.28×2.5%5.86×14.7%

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 ÷ revenue69.7%
2022: 52.4%52.4%2025: 73.7%73.7%2026: 69.7%69.7%222526
PPE ÷ total assets18.7%
2022: 19.8%19.8%2025: 18.2%18.2%2026: 18.7%18.7%222526
Goodwill ÷ parent equity16.6%
2022: 11.7%11.7%2025: 19.2%19.2%2026: 16.6%16.6%222526
Goodwill balance¥14.4B
2022: ¥7.7B¥7.7B2025: ¥15.2B¥15.2B2026: ¥14.4B¥14.4B222526

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 Mar 2025FY ending Mar 2026
Revenue99,431113,603137,029
Cost of revenue72,82377,13496,021
Gross profit26,60736,46941,008
SG&A11,11515,15714,906
Operating income15,49221,31126,101
Pretax income10,29017,16117,735
Income tax4,6485,9575,733
Net income attributable to owners7,25011,19312,191
Operating margin15.6%18.8%19.0%

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 19%
6%
4%
Other assets 59%

Funding

Interest-bearing debt 63%
Other liabilities 20%
Equity 17%

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

ItemFY ending Dec 2022FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥35.6B¥46B¥62.1B
Total assets¥263.7B¥459.8B¥509.8B
Net assets¥64.1B¥78.7B¥86.1B
Share capital¥16.5B¥16.5B¥16.5B
Property, plant and equipment¥52.1B¥83.7B¥95.5B
Intangible assets excluding goodwill¥7.77B¥15.3B¥14.5B
Goodwill¥7.7B¥15.2B¥14.4B
Investment securities¥6.28B¥19.5B¥20.1B
Current assets¥191.4B¥335.1B¥372.1B
Current liabilities¥55.7B¥95.7B¥91.9B
Short-term borrowings¥10.1B¥4.74B¥12B
Long-term borrowings¥132.8B¥257.9B¥291.6B
Bonds—¥7.4B¥17.4B
Interest-bearing debt—¥270Bderived¥321Bderived
Total liabilities¥199.6B¥381.2B¥423.7B
Non-controlling interests-¥1.76B-¥459M-¥612M
Equity attributable to owners of parent¥65.8B¥78.9B¥86.6B
Retained earnings¥38.3B¥51.2B¥58.8B
Treasury stock-¥1.46B-¥1.34B-¥1.26B

Sources

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

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

    ID S100YGKW2026-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第30期(2024/04/01-2025/03/31)

    ID S100W2BR2025-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第29期(2023/01/01-2024/03/31)

    ID S100TS732024-06-26Open

Extracted from XBRL: 53 / Derived from other figures: 2

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