Fuva BrainFuva Brain Limited3927東証スタンダード情報・通信業FY ending Mar 2026, consolidated, J-GAAP

Fuva Brain revenue and profit

Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +29.0% from the prior year, operating profit +8.7%.

Five-year trend

Revenue¥5.64B
FY ending Mar 2022: ¥1.68B¥1.68BFY ending Mar 2023: ¥2.34B¥2.34BFY ending Mar 2024: ¥3.08B¥3.08BFY ending Mar 2025: ¥4.37B¥4.37BFY ending Mar 2026: ¥5.64B¥5.64BFY22FY23FY24FY25FY26
Operating income¥203.7M
FY ending Mar 2022: -¥57.5M-¥57.5MFY ending Mar 2023: ¥58.7M¥58.7MFY ending Mar 2024: ¥22.6M¥22.6MFY ending Mar 2025: ¥187.4M¥187.4MFY ending Mar 2026: ¥203.7M¥203.7MFY22FY23FY24FY25FY26
Operating margin3.6%
FY ending Mar 2022: -3.4%-3.4%FY ending Mar 2023: 2.5%2.5%FY ending Mar 2024: 0.7%0.7%FY ending Mar 2025: 4.3%4.3%FY ending Mar 2026: 3.6%3.6%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin5.5%
Asset turnover0.84×
ROA4.6%
ROA4.6%
Financial leverage4.46×
ROE20.4%

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

Net margin5.5%
2023: 1.1%1.1%2024: 0.9%0.9%2025: 2.5%2.5%2026: 5.5%5.5%2223242526
Asset turnover0.84×
2023: 0.86×0.86×2024: 0.81×0.81×2025: 0.88×0.88×2026: 0.84×0.84×2223242526
ROA4.6%
2022: -1.3%-1.3%2023: 1.0%1.0%2024: 0.7%0.7%2025: 2.2%2.2%2026: 4.6%4.6%2223242526
Financial leverage4.46×
2023: 1.98×1.98×2024: 2.79×2.79×2025: 3.50×3.50×2026: 4.46×4.46×2223242526
ROE20.4%
2023: 1.9%1.9%2024: 2.0%2.0%2025: 7.7%7.7%2026: 20.4%20.4%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×-1.3%—×—
20231.1%0.86×1.0%1.98×1.9%
20240.9%0.81×0.7%2.79×2.0%
20252.5%0.88×2.2%3.50×7.7%
20265.5%0.84×4.6%4.46×20.4%

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 ÷ revenue2.7%
2022: 0.3%0.3%2023: 1.0%1.0%2024: 0.7%0.7%2025: 0.5%0.5%2026: 2.7%2.7%2223242526
PPE ÷ total assets1.9%
2022: 0.2%0.2%2023: 0.7%0.7%2024: 0.5%0.5%2025: 0.4%0.4%2026: 1.9%1.9%2223242526
Goodwill ÷ parent equity57.8%
2022: 13.7%13.7%2023: 15.9%15.9%2024: 18.6%18.6%2025: 35.5%35.5%2026: 57.8%57.8%2223242526
Goodwill balance¥867.5M
2022: ¥187.6M¥187.6M2023: ¥221.5M¥221.5M2024: ¥246M¥246M2025: ¥540.2M¥540.2M2026: ¥867.5M¥867.5M2223242526

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 Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue1,6832,3383,0764,3735,641
Cost of revenue9371,4372,0623,0694,082
Gross profit7469021,0131,3041,560
SG&A8048439911,1171,356
Operating income-585923187204
Pretax income-475330162585
Income tax-1822-212245
Net income attributable to owners-292727109309
Operating margin-3.4%2.5%0.7%4.3%3.6%

Balance sheet (reported items)

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

Assets

Cash 24%
2%
Intangibles and goodwill 22%
Investment securities 14%
Other assets 38%

Funding

Other liabilities 71%
Equity 29%

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

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥1.34B¥1.42B¥1.4B¥1.52B¥1.91B
Total assets¥2.23B¥3.23B¥4.35B¥5.6B¥7.87B
Net assets¥1.39B¥1.43B¥1.38B¥1.73B¥2.32B
Share capital¥796.6M¥796.6M¥796.6M¥796.9M¥796.9M
Property, plant and equipment¥5M¥23.3M¥21.1M¥24M¥151.6M
Intangible assets excluding goodwill¥202.1M¥241.3M¥259.4M¥544.4M¥869.5M
Goodwill¥187.6M¥221.5M¥246M¥540.2M¥867.5M
Investment securities¥126.5M¥129.8M¥152.3M¥135.8M¥1.06B
Current assets¥1.77B¥2.08B¥2.58B¥3.33B¥4.16B
Current liabilities¥478.6M¥751.1M¥1.32B¥1.83B¥3.09B
Short-term borrowings———¥297K¥600.3M
Long-term borrowings—¥66M¥48M¥275M¥226.4M
Total liabilities¥839M¥1.8B¥2.98B¥3.87B¥5.56B
Non-controlling interests¥15.3M¥24.3M¥36.7M¥191.8M¥163.9M
Equity attributable to owners of parent¥1.37B¥1.39B¥1.32B¥1.52B¥1.5B
Retained earnings-¥258.5M¥12.2M¥39.2M¥148.7M¥457.2M
Treasury stock-¥10.3M-¥10.3M-¥110.2M-¥72.3M-¥72.3M

Sources

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

    有価証券報告書-第25期(2025/04/01-2026/03/31)

    ID S100YI0F2026-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第24期(2024/04/01-2025/03/31)

    ID S100W46G2025-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第23期(2023/04/01-2024/03/31)

    ID S100TROD2024-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第22期(2022/04/01-2023/03/31)

    ID S100R3OD2023-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第21期(令和3年4月1日-令和4年3月31日)

    ID S100OFZD2022-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第20期(令和2年4月1日-令和3年3月31日)

    ID S100LOUF2021-06-25Open

Extracted from XBRL: 51 / Derived from other figures: 1

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