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Fujita KankoFUJITA KANKO INC.9722東証プライムサービス業FY ending Dec 2025, consolidated, J-GAAP

Fujita Kanko revenue and profit

Out of every ¥100 of sales, about ¥17 is left as operating profit. Revenue changed +7.6% from the prior year, operating profit +12.1%.

Five-year trend

Revenue¥82B
FY ending Dec 2021: ¥28.4B¥28.4BFY ending Dec 2022: ¥43.7B¥43.7BFY ending Dec 2023: ¥64.5B¥64.5BFY ending Dec 2024: ¥76.2B¥76.2BFY ending Dec 2025: ¥82B¥82BFY21FY22FY23FY24FY25
Operating income¥13.8B
FY ending Dec 2021: -¥15.8B-¥15.8BFY ending Dec 2022: -¥4.05B-¥4.05BFY ending Dec 2023: ¥6.64B¥6.64BFY ending Dec 2024: ¥12.3B¥12.3BFY ending Dec 2025: ¥13.8B¥13.8BFY21FY22FY23FY24FY25
Operating margin16.8%
FY ending Dec 2021: -55.6%-55.6%FY ending Dec 2022: -9.3%-9.3%FY ending Dec 2023: 10.3%10.3%FY ending Dec 2024: 16.2%16.2%FY ending Dec 2025: 16.8%16.8%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin11.3%
Asset turnover0.85×
ROA9.6%
ROA9.6%
Financial leverage3.63×
ROE35.0%

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

Net margin11.3%
2021: 44.6%44.6%2023: 12.6%12.6%2024: 12.0%12.0%2025: 11.3%11.3%2122232425
Asset turnover0.85×
2021: 0.25×0.25×2023: 0.67×0.67×2024: 0.81×0.81×2025: 0.85×0.85×2122232425
ROA9.6%
2021: 11.2%11.2%2022: -5.4%-5.4%2023: 8.4%8.4%2024: 9.7%9.7%2025: 9.6%9.6%2122232425
Financial leverage3.63×
2021: 4.27×4.27×2023: 4.48×4.48×2024: 4.08×4.08×2025: 3.63×3.63×2122232425
ROE35.0%
2021: 48.1%48.1%2023: 37.6%37.6%2024: 39.8%39.8%2025: 35.0%35.0%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
202144.6%0.25×11.2%4.27×48.1%
2022——×-5.4%—×—
202312.6%0.67×8.4%4.48×37.6%
202412.0%0.81×9.7%4.08×39.8%
202511.3%0.85×9.6%3.63×35.0%

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 ÷ revenue62.5%
2020: 219.4%219.4%2021: 168.1%168.1%2022: 112.1%112.1%2023: 78.0%78.0%2024: 64.9%64.9%2025: 62.5%62.5%202122232425
PPE ÷ total assets51.8%
2020: 60.5%60.5%2021: 42.4%42.4%2022: 49.1%49.1%2023: 53.9%53.9%2024: 52.6%52.6%2025: 51.8%51.8%202122232425
Goodwill balance—
2020: ¥160M¥160M202122232425

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

Receivable days26d
2020: 28d28d2021: 29d29d2022: 35d35d2023: 29d29d2024: 29d29d2025: 26d26d202122232425
Payable days7d
2020: 6d6d2021: 7d7d2022: 8d8d2023: 8d8d2024: 7d7d2025: 7d7d202122232425

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.

Income statement (JPY millions)

ItemFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue28,43343,74964,54776,21182,004
Cost of revenue41,63144,97654,80060,21063,978
Gross profit-13,197-1,2279,74616,00018,025
SG&A2,6252,8213,1093,6914,229
Operating income-15,822-4,0486,63612,30913,795
Pretax income17,158-6,3626,68511,32813,376
Income tax4,469-578-1,4262,1934,083
Net income attributable to owners12,675-5,7898,1149,1349,292
Operating margin-55.6%-9.3%10.3%16.2%16.8%

Balance sheet (reported items)

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

Assets

Cash 12%
6%
Property, plant and equipment 52%
1%
Investment securities 17%
Other assets 12%

Funding

1%
Other liabilities 62%
Equity 37%
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¥38.6B¥24.1B¥13.7B¥14.4B¥12.2B
Total assets¥112.8B¥100B¥93.5B¥94B¥98.8B
Net assets¥28.8B¥22.7B¥26B¥25.7B¥36.8B
Share capital¥100M¥100M¥100M¥100M¥100M
Trade receivables¥2.29B¥4.16B¥5.16B¥6.16B¥5.89B
Property, plant and equipment¥47.8B¥49.1B¥50.4B¥49.4B¥51.2B
Intangible assets excluding goodwill¥756M¥673M¥602M¥559M¥653M
Investment securities¥10.3B¥9.79B¥11.6B¥10.5B¥16.7B
Current assets¥44.3B¥30.9B¥21.3B¥23.7B¥20.7B
Current liabilities¥23.9B¥27.3B¥30.4B¥31.2B¥29.4B
Trade payables¥809M¥957M¥1.13B¥1.24B¥1.24B
Short-term borrowings¥10.7B¥10B¥9.39B¥8.32B¥7.79B
Long-term borrowings¥39.7B¥30.7B¥19.7B¥19.3B¥12.5B
Total liabilities¥83.9B¥77.2B¥67.5B¥68.4B¥62B
Non-controlling interests¥177M¥110M———
Equity attributable to owners of parent¥26.4B¥20.4B¥22.7B¥23.2B¥29.9B
Retained earnings-¥5.23B-¥11B-¥2.91B¥9.96B¥18.7B
Treasury stock-¥902M-¥903M-¥904M-¥911M-¥917M

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第93期(2025/01/01－2025/12/31)

    ID S100XS712026-03-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第92期(2024/01/01－2024/12/31)

    ID S100VG232025-03-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第91期(2023/01/01－2023/12/31)

    ID S100T41H2024-03-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第90期(2022/01/01－2022/12/31)

    ID S100QGQZ2023-03-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第89期(令和3年1月1日－令和3年12月31日)

    ID S100NRSN2022-03-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第88期(令和2年1月1日－令和2年12月31日)

    ID S100KZA62021-03-26Open

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