f-codef-code Inc.9211東証グロースサービス業FY ending Dec 2025, consolidated, IFRS
Out of every ¥100 of sales, about ¥20 is left as operating profit. Revenue changed +132.7% from the prior year, operating profit +73.8%.
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 | 6.5% | 0.33× | 2.1% | 4.69× | 10.1% |
| 2022 | 18.1% | 0.37× | 6.8% | 3.92× | 26.6% |
| 2023 | 19.3% | 0.23× | 4.4% | 3.44× | 15.1% |
| 2024 | 16.3% | 0.31× | 5.1% | 3.32× | 17.0% |
| 2025 | 12.1% | 0.50× | 6.0% | 3.39× | 20.4% |
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 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 1,072 | 1,072 | 2,482 | 5,131 | 11,938 |
| Cost of revenue | 444 | 453 | 1,012 | 2,290 | 4,813 |
| Gross profit | 628 | 619 | 1,471 | 2,841 | 7,125 |
| SG&A | 489 | 388 | 832 | 1,796 | 5,254 |
| Operating income | 131 | 231 | 645 | 1,329 | 2,309 |
| Pretax income | 124 | 219 | 605 | 1,219 | 2,103 |
| Income tax | 55 | 24 | 126 | 353 | 599 |
| Net income attributable to owners | 69 | 194 | 480 | 838 | 1,450 |
| Operating margin | 12.2% | 21.5% | 26.0% | 25.9% | 19.3% |
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 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥978M | ¥978M | ¥4.04B | ¥6.24B | ¥8.09B |
| Total assets | ¥3.23B | ¥2.86B | ¥11B | ¥21.7B | ¥26.5B |
| Net assets | ¥689.6M | ¥730M | ¥3.32B | ¥6.04B | ¥6.74B |
| Share capital | ¥263.6M | ¥263.6M | ¥16M | ¥27.9M | ¥57.5M |
| Property, plant and equipment | ¥106.6M | ¥21.1M | ¥238.4M | ¥283.3M | ¥459.4M |
| Intangible assets excluding goodwill | — | ¥987.3M | — | — | — |
| Goodwill | ¥1.14B | ¥941.3M | ¥4.28B | ¥11.4B | ¥12.1B |
| Current assets | ¥1.36B | ¥1.36B | ¥4.83B | ¥8.71B | ¥11.5B |
| Current liabilities | — | ¥1.05B | — | — | — |
| Short-term borrowings | — | ¥450M | — | — | — |
| Long-term borrowings | — | ¥1.09B | — | — | — |
| Total liabilities | ¥2.55B | ¥2.13B | ¥7.66B | ¥15.6B | ¥19.7B |
| Equity attributable to owners of parent | ¥689.6M | ¥729.8M | ¥3.19B | ¥6.66B | ¥7.54B |
| Retained earnings | -¥170.3M | ¥58.7M | ¥309.4M | ¥1.15B | ¥2.6B |
| Treasury stock | -¥289K | -¥289K | -¥432K | -¥485K | -¥356.4M |
EDINET (FSA Japan)
有価証券報告書－第20期(2025/01/01－2025/12/31)
EDINET (FSA Japan)
有価証券報告書－第19期(2024/01/01－2024/12/31)
EDINET (FSA Japan)
訂正有価証券報告書－第18期(2023/01/01－2023/12/31)
EDINET (FSA Japan)
有価証券報告書－第17期(2022/01/01－2022/12/31)
EDINET (FSA Japan)
有価証券報告書－第16期(令和3年1月1日－令和3年12月31日)
Extracted from XBRL: 41 / Derived from other figures: 1
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