Fuji JapanFUJI JAPAN CO. LTD.1449札幌証券取引所建設業FY ending Dec 2025, non-consolidated, J-GAAP

Fuji Japan revenue and profit

It lost about ¥7 for every ¥100 of sales at the operating level. Revenue changed -11.2% from the prior year.

Five-year trend

Revenue¥989.1M
FY ending Dec 2021: ¥1.69B¥1.69BFY ending Dec 2022: ¥1.55B¥1.55BFY ending Dec 2023: ¥1.34B¥1.34BFY ending Dec 2024: ¥1.11B¥1.11BFY ending Dec 2025: ¥989.1M¥989.1MFY21FY22FY23FY24FY25
Operating income-¥67.6M
FY ending Dec 2021: ¥60.5M¥60.5MFY ending Dec 2022: -¥27.8M-¥27.8MFY ending Dec 2023: -¥49.6M-¥49.6MFY ending Dec 2024: -¥64.5M-¥64.5MFY ending Dec 2025: -¥67.6M-¥67.6MFY21FY22FY23FY24FY25
Operating margin-6.8%
FY ending Dec 2021: 3.6%3.6%FY ending Dec 2022: -1.8%-1.8%FY ending Dec 2023: -3.7%-3.7%FY ending Dec 2024: -5.8%-5.8%FY ending Dec 2025: -6.8%-6.8%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin10.9%
Asset turnover1.42×
ROA15.5%
ROA15.5%
Financial leverage2.20×
ROE34.1%

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

Net margin10.9%
2021: 2.6%2.6%2025: 10.9%10.9%2122232425
Asset turnover1.42×
2021: 2.33×2.33×2025: 1.42×1.42×2122232425
ROA15.5%
2021: 6.0%6.0%2022: -2.3%-2.3%2023: -8.5%-8.5%2024: -1.1%-1.1%2025: 15.5%15.5%2122232425
Financial leverage2.20×
2021: 2.00×2.00×2025: 2.20×2.20×2122232425
ROE34.1%
2021: 12.0%12.0%2025: 34.1%34.1%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20212.6%2.33×6.0%2.00×12.0%
2022——×-2.3%—×—
2023——×-8.5%—×—
2024——×-1.1%—×—
202510.9%1.42×15.5%2.20×34.1%

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 ÷ revenue23.9%
2020: 9.3%9.3%2021: 16.2%16.2%2022: 26.9%26.9%2023: 28.8%28.8%2024: 30.4%30.4%2025: 23.9%23.9%202122232425
PPE ÷ total assets36.1%
2020: 24.7%24.7%2021: 37.8%37.8%2022: 51.1%51.1%2023: 56.0%56.0%2024: 46.1%46.1%2025: 36.1%36.1%202122232425

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 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue1,6951,5521,3381,114989
Cost of revenue1,018997842801707
Gross profit677555495313283
SG&A617583545377350
Operating income61-28-50-64-68
Pretax income66-24-49-54167
Income tax22-615-4660
Net income attributable to owners43-18-64-8107
Operating margin3.6%-1.8%-3.7%-5.8%-6.8%

Balance sheet (reported items)

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

Assets

Cash 28%
Property, plant and equipment 36%
Other assets 36%

Funding

Other liabilities 44%
Equity 56%
0%

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

ItemFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥124.6M¥83.4M¥52M¥121M¥185.8M
Total assets¥726.3M¥816.6M¥687.8M¥735.1M¥654M
Net assets¥362.2M¥333M¥269.2M¥261.3M¥368.8M
Share capital¥65.4M¥65.4M¥65.4M¥65.4M¥65.4M
Property, plant and equipment¥274.9M¥417.2M¥385.3M¥338.8M¥236.3M
Current assets¥372.9M¥343.5M¥267.6M¥318.1M¥385.8M
Current liabilities¥195.9M¥220.9M¥199.1M¥251.5M¥145M
Short-term borrowings—¥50M¥50M¥80M—
Long-term borrowings¥135M¥232.5M¥196M¥197.9M¥123.2M
Total liabilities¥364M¥483.6M¥418.6M¥473.7M¥285.3M
Equity attributable to owners of parent¥362.2M¥333M¥269.2M¥261.3M¥368.8M
Retained earnings¥276.4M¥247.2M¥183.4M¥175.5M¥282.9M

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第21期(2025/01/01-2025/12/31)

    ID S100XT842026-03-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第20期(2024/01/01-2024/12/31)

    ID S100VI6T2025-03-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第19期(2023/01/01-2023/12/31)

    ID S100T5I02024-03-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第18期(2022/01/01-2022/12/31)

    ID S100QI2J2023-03-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第17期(令和3年1月1日-令和3年12月31日)

    ID S100NS802022-03-30Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第16期(令和2年1月1日-令和2年12月31日)

    ID S100L3U92021-04-01Open

Extracted from XBRL: 41 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.