GardenGarden Co., Ltd.274A東証スタンダード小売業FY ending Feb 2026, non-consolidated, J-GAAP

Garden revenue and profit

Out of every ¥100 of sales, about ¥7 is left as operating profit. Revenue changed +4.3% from the prior year, operating profit -29.6%.

Five-year trend

Revenue¥17.9B
FY ending Feb 2024: ¥15.3B¥15.3BFY ending Feb 2025: ¥17.2B¥17.2BFY ending Feb 2026: ¥17.9B¥17.9BFY24FY25FY26
Operating income¥1.3B
FY ending Feb 2024: ¥1.52B¥1.52BFY ending Feb 2025: ¥1.85B¥1.85BFY ending Feb 2026: ¥1.3B¥1.3BFY24FY25FY26
Operating margin7.3%
FY ending Feb 2024: 9.9%9.9%FY ending Feb 2025: 10.8%10.8%FY ending Feb 2026: 7.3%7.3%FY24FY25FY26

What drives ROE

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

Net margin3.5%
Asset turnover1.08×
ROA3.8%
ROA3.8%
Financial leverage2.15×
ROE8.1%

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

Net margin3.5%
2024: 7.0%7.0%2025: 7.0%7.0%2026: 3.5%3.5%242526
Asset turnover1.08×
2024: 1.37×1.37×2025: 1.27×1.27×2026: 1.08×1.08×242526
ROA3.8%
2024: 9.6%9.6%2025: 8.9%8.9%2026: 3.8%3.8%242526
Financial leverage2.15×
2024: 5.04×5.04×2025: 2.69×2.69×2026: 2.15×2.15×242526
ROE8.1%
2024: 48.1%48.1%2025: 24.0%24.0%2026: 8.1%8.1%242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20247.0%1.37×9.6%5.04×48.1%
20257.0%1.27×8.9%2.69×24.0%
20263.5%1.08×3.8%2.15×8.1%

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 ÷ revenue12.2%
2024: 12.0%12.0%2025: 12.3%12.3%2026: 12.2%12.2%242526
PPE ÷ total assets12.6%
2024: 16.5%16.5%2025: 13.3%13.3%2026: 12.6%12.6%242526
Goodwill ÷ parent equity5.6%
2024: 3.5%3.5%2025: 0.6%0.6%2026: 5.6%5.6%242526
Goodwill balance¥425.6M
2024: ¥77.4M¥77.4M2025: ¥44.5M¥44.5M2026: ¥425.6M¥425.6M242526

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.

Inventory days5d
2024: 4d4d2025: 4d4d2026: 5d5d242526

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 Feb 2024FY ending Feb 2025FY ending Feb 2026
Revenue15,31217,15917,895
Cost of revenue4,6315,0045,476
Gross profit10,68012,15512,419
SG&A9,16410,30511,117
Operating income1,5161,8501,302
Pretax income1,5401,576975
Income tax474369349
Net income attributable to owners1,0661,207626
Operating margin9.9%10.8%7.3%

Balance sheet (reported items)

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

Assets

Cash 62%
0%
Property, plant and equipment 13%
6%
1%
Other assets 18%

Funding

Other liabilities 55%
Equity 45%
0%

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

ItemFY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Cash and equivalents¥6.5B¥10.7B¥10.7B
Total assets¥11.1B¥15.9B¥17.3B
Net assets¥2.31B¥7.95B¥7.7B
Share capital¥10M¥2.38B¥2.39B
Inventories¥52.2M¥59.7M¥80.1M
Property, plant and equipment¥1.84B¥2.11B¥2.18B
Intangible assets excluding goodwill¥174.1M¥127.6M¥618.1M
Goodwill¥77.4M¥44.5M¥425.6M
Investment securities¥145.9M¥172.8M¥202.3M
Current assets¥7.32B¥11.7B¥11.9B
Current liabilities¥4.65B¥4.09B¥4.04B
Short-term borrowings¥127.3M¥66.6M—
Long-term borrowings¥1.21B¥1.16B¥3.53B
Bonds¥2.53B¥2.23B¥1.48B
Interest-bearing debt¥3.86Bderived¥3.46Bderived—
Total liabilities¥8.84B¥7.91B¥9.6B
Equity attributable to owners of parent¥2.21B¥7.84B¥7.56B
Retained earnings¥1.9B¥2.79B¥2.49B

Sources

Show source documents (2)
  • EDINET (FSA Japan)

    有価証券報告書-第11期(2025/03/01-2026/02/28)

    ID S100Y6WH2026-05-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第10期(2024/03/01-2025/02/28)

    ID S100VUY02025-05-30Open

Extracted from XBRL: 48 / Derived from other figures: 1

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