ES NetworksES NETWORKS CO., LTD.5867東証グロースサービス業FY ending Dec 2025, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥9 is left as operating profit. Revenue changed +15.9% from the prior year, operating profit +1.4%.
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 |
|---|---|---|---|---|---|
| 2022 | 5.4% | 1.11× | 6.0% | 1.96× | 11.8% |
| 2023 | 5.0% | 1.18× | 6.0% | 1.85× | 11.0% |
| 2024 | 10.2% | 1.31× | 13.4% | 1.65× | 22.1% |
| 2025 | 6.4% | 1.38× | 8.8% | 1.56× | 13.7% |
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
| Item | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|
| Revenue | 2,650 | 2,711 | 2,951 | 3,419 |
| Cost of revenue | 1,412 | 1,455 | 1,608 | 1,901 |
| Gross profit | 1,237 | 1,257 | 1,343 | 1,518 |
| SG&A | 1,039 | 987 | 1,040 | 1,211 |
| Operating income | 199 | 269 | 302 | 306 |
| Pretax income | 216 | 190 | 416 | 353 |
| Income tax | 61 | 39 | 113 | 127 |
| Net income attributable to owners | 143 | 137 | 302 | 218 |
| Operating margin | 7.5% | 9.9% | 10.2% | 9.0% |
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 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|
| Cash and equivalents | ¥1.33B | ¥1.1B | ¥1.26B | ¥1.38B |
| Total assets | ¥2.38B | ¥2.22B | ¥2.28B | ¥2.69B |
| Net assets | ¥1.26B | ¥1.4B | ¥1.57B | ¥1.83B |
| Share capital | ¥567M | ¥567M | ¥567M | ¥636.3M |
| Property, plant and equipment | ¥42.3M | ¥185M | ¥165.6M | ¥159.7M |
| Intangible assets excluding goodwill | ¥2M | ¥1.3M | ¥698K | ¥97.3M |
| Goodwill | — | — | — | ¥53.7M |
| Investment securities | ¥271.3M | ¥270.4M | ¥127.6M | ¥70.1M |
| Current assets | ¥1.73B | ¥1.58B | ¥1.8B | ¥2B |
| Current liabilities | ¥700.2M | ¥595.5M | ¥655.8M | ¥593.5M |
| Long-term borrowings | ¥420.7M | ¥227.1M | ¥54.2M | ¥267.5M |
| Total liabilities | ¥1.12B | ¥822.5M | ¥710M | ¥861M |
| Non-controlling interests | ¥45M | ¥61M | ¥67.8M | ¥73.6M |
| Equity attributable to owners of parent | ¥1.21B | ¥1.27B | ¥1.46B | ¥1.72B |
| Retained earnings | ¥562.1M | ¥542.3M | ¥702.3M | ¥779.8M |
| Treasury stock | -¥161.8M | -¥83.6M | -¥58.7M | -¥7.6M |
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