Fullcast HoldingsFULLCAST HOLDINGS CO.,LTD.4848東証プライムサービス業FY ending Dec 2025, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥10 is left as operating profit. Revenue changed +12.6% from the prior year, operating profit +10.9%.
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 |
|---|---|---|---|---|---|
| 2021 | 9.6% | 1.78× | 17.0% | 1.52× | 25.9% |
| 2022 | 10.2% | 1.99× | 20.3% | 1.52× | 31.0% |
| 2023 | 8.5% | 1.85× | 15.8% | 1.54× | 24.3% |
| 2024 | 8.0% | 1.70× | 13.7% | 1.51× | 20.7% |
| 2025 | 6.2% | 1.56× | 9.6% | 1.70× | 16.4% |
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
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 Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 52,366 | 64,645 | 68,974 | 68,556 | 77,227 |
| Cost of revenue | 34,336 | 43,184 | 45,961 | 44,039 | 50,783 |
| Gross profit | 18,030 | 21,460 | 23,013 | 24,517 | 26,445 |
| SG&A | 10,438 | 11,637 | 14,355 | 17,377 | 18,530 |
| Operating income | 7,592 | 9,823 | 8,658 | 7,140 | 7,915 |
| Pretax income | 7,606 | 9,922 | 9,073 | 8,629 | 7,883 |
| Income tax | 2,472 | 3,181 | 3,050 | 3,088 | 3,002 |
| Net income attributable to owners | 5,012 | 6,622 | 5,889 | 5,493 | 4,784 |
| Operating margin | 14.5% | 15.2% | 12.6% | 10.4% | 10.2% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
| Item | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥17.4B | ¥20.6B | ¥14.5B | ¥17.5B | ¥21B |
| Total assets | ¥29.5B | ¥35.6B | ¥39B | ¥41.5B | ¥57.8B |
| Net assets | ¥20.6B | ¥24.9B | ¥26.8B | ¥28.9B | ¥32.7B |
| Share capital | ¥2.78B | ¥2.78B | ¥2.78B | ¥2.78B | ¥2.78B |
| Trade receivables | ¥7.09B | ¥8.99B | ¥8.42B | ¥7.66B | ¥10.1B |
| Property, plant and equipment | ¥632M | ¥617M | ¥2.04B | ¥2.08B | ¥6.65B |
| Intangible assets excluding goodwill | ¥940M | ¥1.7B | ¥7.95B | ¥7.44B | ¥10.2B |
| Goodwill | ¥607M | ¥1.3B | ¥5.83B | ¥5.22B | ¥8.04B |
| Investment securities | ¥2.01B | ¥2.11B | ¥2.32B | ¥2.74B | ¥2.78B |
| Current assets | ¥24.8B | ¥30B | ¥24.8B | ¥27.5B | ¥34.8B |
| Current liabilities | ¥7.96B | ¥9.66B | ¥9.79B | ¥10.2B | ¥21.7B |
| Trade payables | ¥22M | ¥52M | ¥537M | ¥582M | ¥683M |
| Short-term borrowings | ¥1B | ¥1B | ¥1B | ¥1B | ¥10.5B |
| Long-term borrowings | — | — | — | — | ¥1.36B |
| Total liabilities | ¥8.9B | ¥10.7B | ¥12.2B | ¥12.6B | ¥25.2B |
| Non-controlling interests | ¥919M | ¥1.04B | ¥1.18B | — | ¥1.79B |
| Equity attributable to owners of parent | ¥19.3B | ¥23.4B | ¥25B | ¥28.2B | ¥30.3B |
| Retained earnings | ¥16.4B | ¥21.3B | ¥24.9B | ¥28.1B | ¥26.1B |
| Treasury stock | -¥1.82B | -¥2.66B | -¥4.65B | -¥4.64B | -¥482M |
EDINET (FSA Japan)
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EDINET (FSA Japan)
有価証券報告書－第31期(2023/01/01－2023/12/31)
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有価証券報告書－第30期(2022/01/01－2022/12/31)
EDINET (FSA Japan)
有価証券報告書－第29期(令和3年1月1日－令和3年12月31日)
EDINET (FSA Japan)
有価証券報告書－第28期(令和2年1月1日－令和2年12月31日)
Extracted from XBRL: 55 / Derived from other figures: 1
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