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Grandy HouseGrandy House Corporation8999東証プライム不動産業FY ending Mar 2026, consolidated, J-GAAP

Grandy House revenue and profit

Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed -1.8% from the prior year, operating profit +56.1%.

Five-year trend

Revenue¥53B
FY ending Mar 2022: ¥54.9B¥54.9BFY ending Mar 2023: ¥55.2B¥55.2BFY ending Mar 2024: ¥51.5B¥51.5BFY ending Mar 2025: ¥54B¥54BFY ending Mar 2026: ¥53B¥53BFY22FY23FY24FY25FY26
Operating income¥1.89B
FY ending Mar 2022: ¥4.02B¥4.02BFY ending Mar 2023: ¥3.33B¥3.33BFY ending Mar 2024: ¥1.18B¥1.18BFY ending Mar 2025: ¥1.21B¥1.21BFY ending Mar 2026: ¥1.89B¥1.89BFY22FY23FY24FY25FY26
Operating margin3.6%
FY ending Mar 2022: 7.3%7.3%FY ending Mar 2023: 6.0%6.0%FY ending Mar 2024: 2.3%2.3%FY ending Mar 2025: 2.2%2.2%FY ending Mar 2026: 3.6%3.6%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin1.7%
Asset turnover0.77×
ROA1.3%
ROA1.3%
Financial leverage2.78×
ROE3.7%

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

Net margin1.7%
2022: 4.7%4.7%2023: 3.9%3.9%2024: 0.8%0.8%2025: 0.9%0.9%2026: 1.7%1.7%2223242526
Asset turnover0.77×
2022: 0.90×0.90×2023: 0.83×0.83×2024: 0.70×0.70×2025: 0.75×0.75×2026: 0.77×0.77×2223242526
ROA1.3%
2022: 4.2%4.2%2023: 3.2%3.2%2024: 0.6%0.6%2025: 0.7%0.7%2026: 1.3%1.3%2223242526
Financial leverage2.78×
2022: 2.48×2.48×2023: 2.64×2.64×2024: 2.88×2.88×2025: 2.89×2.89×2026: 2.78×2.78×2223242526
ROE3.7%
2022: 10.5%10.5%2023: 8.6%8.6%2024: 1.6%1.6%2025: 2.0%2.0%2026: 3.7%3.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20224.7%0.90×4.2%2.48×10.5%
20233.9%0.83×3.2%2.64×8.6%
20240.8%0.70×0.6%2.88×1.6%
20250.9%0.75×0.7%2.89×2.0%
20261.7%0.77×1.3%2.78×3.7%

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 ÷ revenue22.5%
2021: 20.4%20.4%2022: 18.3%18.3%2023: 20.4%20.4%2024: 22.2%22.2%2025: 21.9%21.9%2026: 22.5%22.5%212223242526
PPE ÷ total assets17.3%
2021: 16.6%16.6%2022: 16.5%16.5%2023: 15.5%15.5%2024: 15.3%15.3%2025: 17.2%17.2%2026: 17.3%17.3%212223242526
Goodwill ÷ parent equity1.9%
2021: 5.1%5.1%2022: 4.2%4.2%2023: 3.4%3.4%2024: 3.0%3.0%2025: 2.5%2.5%2026: 1.9%1.9%212223242526
Goodwill balance¥479.9M
2021: ¥1.17B¥1.17B2022: ¥1.03B¥1.03B2023: ¥891.3M¥891.3M2024: ¥754.2M¥754.2M2025: ¥617.1M¥617.1M2026: ¥479.9M¥479.9M212223242526

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 days—
2021: 4d4d212223242526

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 Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue54,88555,20551,52253,96052,981
Cost of revenue44,39945,42843,94246,61845,135
Gross profit10,4869,7777,5797,3427,846
SG&A6,4636,4486,4046,1295,953
Operating income4,0233,3291,1751,2121,893
Pretax income3,8123,1888707651,470
Income tax1,2281,019453279553
Net income attributable to owners2,5842,169417486917
Operating margin7.3%6.0%2.3%2.2%3.6%

Balance sheet (reported items)

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

Assets

Cash 14%
Property, plant and equipment 17%
2%
2%
Other assets 65%

Funding

Interest-bearing debt 44%
Other liabilities 20%
Equity 36%
0%

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¥11.1B¥10.8B¥10.2B¥10.8B¥9.92B
Total assets¥60.9B¥72.6B¥74.5B¥68.8B¥68.9B
Net assets¥24.7B¥26.2B¥25.1B¥24.9B¥25.2B
Share capital¥2.08B¥2.08B¥2.08B¥2.08B¥2.08B
Property, plant and equipment¥10B¥11.2B¥11.4B¥11.8B¥11.9B
Intangible assets excluding goodwill¥1.08B¥956.6M¥812.6M¥664.2M¥515.7M
Goodwill¥1.03B¥891.3M¥754.2M¥617.1M¥479.9M
Investment securities¥143M¥177M¥270.8M¥377.9M¥1.64B
Current assets¥47.8B¥58.3B¥60.1B¥54B¥53B
Current liabilities¥22.8B¥24.2B¥26.6B¥26.5B¥24.2B
Short-term borrowings¥13.1B¥15.3B¥17B¥13.2B¥12.2B
Long-term borrowings¥9.82B¥16.2B¥13.4B¥7.69B¥10.4B
Bonds¥2.3B¥4.6B¥7.8B¥8B¥7.5B
Interest-bearing debt¥25.2Bderived¥36.1Bderived¥38.3Bderived¥28.9Bderived¥30.1Bderived
Total liabilities¥36.2B¥46.4B¥49.4B¥43.9B¥43.8B
Equity attributable to owners of parent¥24.6B¥26.1B¥24.9B¥24.7B¥24.8B
Retained earnings¥20.7B¥22B¥21.4B¥21B¥21B
Treasury stock-¥813.5M-¥629.6M-¥1.27B-¥1.08B-¥917.8M

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第35期(2025/04/01－2026/03/31)

    ID S100YIKY2026-06-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第34期(2024/04/01－2025/03/31)

    ID S100W80D2025-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第33期(2023/04/01－2024/03/31)

    ID S100TWCF2024-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第32期(2022/04/01－2023/03/31)

    ID S100R8Y12023-06-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第31期(令和3年4月1日－令和4年3月31日)

    ID S100OJSA2022-06-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第30期(令和2年4月1日－令和3年3月31日)

    ID S100LUJR2021-06-29Open

Extracted from XBRL: 51 / Derived from other figures: 2

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