ForvalFORVAL CORPORATION8275東証スタンダード卸売業FY ending Mar 2026, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed -1.5% from the prior year, operating profit -0.4%.
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 | 3.6% | 1.59× | 5.7% | 2.53× | 14.3% |
| 2023 | 2.8% | 1.74× | 4.9% | 2.55× | 12.5% |
| 2024 | 3.2% | 1.66× | 5.3% | 2.54× | 13.4% |
| 2025 | 3.0% | 1.75× | 5.2% | 2.47× | 12.9% |
| 2026 | 2.1% | 1.70× | 3.5% | 2.35× | 8.3% |
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 Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 51,535 | 59,539 | 63,528 | 72,629 | 71,525 |
| Cost of revenue | 32,488 | 39,183 | 41,065 | 47,379 | 45,163 |
| Gross profit | 19,048 | 20,356 | 22,463 | 25,251 | 26,362 |
| SG&A | 16,362 | 17,912 | 19,228 | 21,510 | 22,638 |
| Operating income | 2,686 | 2,443 | 3,235 | 3,740 | 3,724 |
| Pretax income | 3,280 | 2,941 | 3,735 | 4,056 | 3,376 |
| Income tax | 1,213 | 1,101 | 1,464 | 1,633 | 1,434 |
| Net income attributable to owners | 1,837 | 1,679 | 2,011 | 2,168 | 1,478 |
| Operating margin | 5.2% | 4.1% | 5.1% | 5.1% | 5.2% |
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 Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥10.1B | ¥11.1B | ¥11.7B | ¥11.2B | ¥12.1B |
| Total assets | ¥32.5B | ¥35.9B | ¥40.7B | ¥42.1B | ¥41.8B |
| Net assets | ¥14.4B | ¥15.6B | ¥17.8B | ¥19.7B | ¥21.4B |
| Share capital | ¥4.15B | ¥4.15B | ¥4.15B | ¥4.15B | ¥4.15B |
| Property, plant and equipment | ¥1.23B | ¥1.64B | ¥2.56B | ¥2.61B | ¥2.64B |
| Intangible assets excluding goodwill | ¥3.01B | ¥3.04B | ¥4.14B | ¥4.11B | ¥4B |
| Goodwill | ¥1.98B | ¥1.73B | ¥2.71B | ¥2.62B | ¥2.55B |
| Investment securities | ¥1.85B | ¥2.25B | ¥1.95B | ¥2.6B | ¥2.37B |
| Current assets | ¥22.6B | ¥25.1B | ¥27.9B | ¥28.6B | ¥28.9B |
| Current liabilities | ¥15.1B | ¥16.9B | ¥17.2B | ¥18.3B | ¥17B |
| Trade payables | ¥5.76B | ¥7.3B | ¥7.1B | ¥7.82B | ¥7.25B |
| Short-term borrowings | ¥2.24B | ¥1.93B | ¥1.54B | ¥1.33B | ¥1.21B |
| Long-term borrowings | ¥200.5M | ¥162.8M | ¥2.55B | ¥935.5M | ¥602.7M |
| Bonds | — | ¥100M | — | — | — |
| Interest-bearing debt | — | ¥2.19Bderived | — | — | — |
| Total liabilities | ¥18.1B | ¥20.2B | ¥23B | ¥22.4B | ¥20.4B |
| Non-controlling interests | ¥922.4M | ¥985.4M | ¥1.25B | ¥2.16B | ¥2.48B |
| Equity attributable to owners of parent | ¥12.8B | ¥14B | ¥16.1B | ¥17.5B | ¥18.3B |
| Retained earnings | ¥7.39B | ¥8.41B | ¥9.72B | ¥11.2B | ¥11.9B |
| Treasury stock | -¥1.24B | -¥1.19B | -¥906.3M | -¥1.11B | -¥1.07B |
EDINET (FSA Japan)
有価証券報告書－第46期(2025/04/01－2026/03/31)
EDINET (FSA Japan)
有価証券報告書－第45期(2024/04/01－2025/03/31)
EDINET (FSA Japan)
有価証券報告書－第44期(2023/04/01－2024/03/31)
EDINET (FSA Japan)
訂正有価証券報告書－第43期(2022/04/01－2023/03/31)
EDINET (FSA Japan)
有価証券報告書－第42期(令和3年4月1日－令和4年3月31日)
EDINET (FSA Japan)
有価証券報告書－第41期(令和2年4月1日－令和3年3月31日)
Extracted from XBRL: 53 / Derived from other figures: 1
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