GendaGENDA9166東証グロースサービス業FY ending Jan 2026, consolidated, J-GAAP

Genda revenue and profit

Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed +52.8% from the prior year, operating profit -2.8%.

Five-year trend

Revenue¥170.8B
FY ending Jan 2023: ¥46.1B¥46.1BFY ending Jan 2024: ¥55.7B¥55.7BFY ending Jan 2025: ¥111.8B¥111.8BFY ending Jan 2026: ¥170.8B¥170.8BFY23FY24FY25FY26
Operating income¥7.7B
FY ending Jan 2023: ¥4.24B¥4.24BFY ending Jan 2024: ¥5.37B¥5.37BFY ending Jan 2025: ¥7.91B¥7.91BFY ending Jan 2026: ¥7.7B¥7.7BFY23FY24FY25FY26
Operating margin4.5%
FY ending Jan 2023: 9.2%9.2%FY ending Jan 2024: 9.6%9.6%FY ending Jan 2025: 7.1%7.1%FY ending Jan 2026: 4.5%4.5%FY23FY24FY25FY26

What drives ROE

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

Net margin2.2%
Asset turnover1.01×
ROA2.3%
ROA2.3%
Financial leverage3.44×
ROE7.8%

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

Net margin2.2%
2023: 7.6%7.6%2024: 7.5%7.5%2025: 2.9%2.9%2026: 2.2%2.2%23242526
Asset turnover1.01×
2023: 1.49×1.49×2024: 1.34×1.34×2025: 1.34×1.34×2026: 1.01×1.01×23242526
ROA2.3%
2023: 11.3%11.3%2024: 10.0%10.0%2025: 3.9%3.9%2026: 2.3%2.3%23242526
Financial leverage3.44×
2023: 2.77×2.77×2024: 2.72×2.72×2025: 3.06×3.06×2026: 3.44×3.44×23242526
ROE7.8%
2023: 31.2%31.2%2024: 27.3%27.3%2025: 11.9%11.9%2026: 7.8%7.8%23242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20237.6%1.49×11.3%2.77×31.2%
20247.5%1.34×10.0%2.72×27.3%
20252.9%1.34×3.9%3.06×11.9%
20262.2%1.01×2.3%3.44×7.8%

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 ÷ revenue40.3%
2023: 16.8%16.8%2024: 22.6%22.6%2025: 28.1%28.1%2026: 40.3%40.3%23242526
PPE ÷ total assets30.9%
2023: 25.0%25.0%2024: 24.1%24.1%2025: 27.4%27.4%2026: 30.9%30.9%23242526
Goodwill ÷ parent equity81.3%
2023: 11.0%11.0%2024: 25.7%25.7%2025: 52.6%52.6%2026: 81.3%81.3%23242526
Goodwill balance¥51.1B
2023: ¥1.23B¥1.23B2024: ¥4.99B¥4.99B2025: ¥18.5B¥18.5B2026: ¥51.1B¥51.1B23242526

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 days33d
2023: 23d23d2024: 37d37d2025: 35d35d2026: 33d33d23242526
Payable days20d
2023: 14d14d2024: 27d27d2025: 22d22d2026: 20d20d23242526

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 Jan 2023FY ending Jan 2024FY ending Jan 2025FY ending Jan 2026
Revenue46,09155,697111,777170,787
Cost of revenue35,23042,73886,377131,517
Gross profit10,86012,95825,40039,270
SG&A6,6157,58817,48631,574
Operating income4,2445,3707,9137,695
Pretax income3,3064,4146,6385,725
Income tax-1452173,1661,839
Net income attributable to owners3,4944,1783,2523,826
Operating margin9.2%9.6%7.1%4.5%

Balance sheet (reported items)

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

ItemFY ending Jan 2023FY ending Jan 2024FY ending Jan 2025FY ending Jan 2026
Cash and equivalents¥7.09B¥12.3B¥25.5B¥31.9B
Total assets¥31B¥52.1B¥115B¥222.6B
Net assets¥11.2B¥19.7B¥35.6B¥65.4B
Share capital¥95M¥2.16B¥7.44B¥16.9B
Inventories¥2.26B¥4.37B¥8.21B¥11.9B
Property, plant and equipment¥7.75B¥12.6B¥31.5B¥68.9B
Intangible assets excluding goodwill¥1.9B¥5.7B¥21.7B¥67.9B
Goodwill¥1.23B¥4.99B¥18.5B¥51.1B
Investment securities¥216M¥113M¥769M¥1.06B
Current assets¥12.7B¥23.6B¥45.6B¥63.5B
Current liabilities¥7.61B¥16.9B¥39.8B¥90.7B
Trade payables¥1.36B¥3.21B¥5.27B¥7.38B
Short-term borrowings¥100M¥3.51B¥11.3B¥39.6B
Long-term borrowings¥8.17B¥10.6B¥28.4B¥37.8B
Bonds———¥11.3B
Interest-bearing debt———¥88.7Bderived
Total liabilities¥19.8B¥32.5B¥79.3B¥157.3B
Non-controlling interests¥9M¥231M¥207M¥123M
Equity attributable to owners of parent¥11.2B¥19.4B¥35.3B¥62.9B
Retained earnings¥9.85B¥14B¥17.3B¥21.1B
Treasury stock—¥0¥0-¥2.03B

Sources

Show source documents (3)
  • EDINET (FSA Japan)

    有価証券報告書-第8期(2025/02/01-2026/01/31)

    ID S100Y1F92026-04-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第7期(2024/02/01-2025/01/31)

    ID S100VOBW2025-04-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第6期(2023/02/01-2024/01/31)

    ID S100TC502024-04-26Open

Extracted from XBRL: 52 / Derived from other figures: 2

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