Growth X PartnersGrowth X Partners, Inc.244A東証グロース情報・通信業FY ending Aug 2025, consolidated, J-GAAP

Growth X Partners revenue and profit

Out of every ¥100 of sales, about ¥15 is left as operating profit. Revenue changed +15.0% from the prior year, operating profit +28.5%.

Five-year trend

Revenue¥5.09B
FY ending Aug 2023: ¥3.74B¥3.74BFY ending Aug 2024: ¥4.42B¥4.42BFY ending Aug 2025: ¥5.09B¥5.09BFY23FY24FY25
Operating income¥774.4M
FY ending Aug 2023: ¥386.1M¥386.1MFY ending Aug 2024: ¥602.6M¥602.6MFY ending Aug 2025: ¥774.4M¥774.4MFY23FY24FY25
Operating margin15.2%
FY ending Aug 2023: 10.3%10.3%FY ending Aug 2024: 13.6%13.6%FY ending Aug 2025: 15.2%15.2%FY23FY24FY25

What drives ROE

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

Net margin11.8%
Asset turnover1.23×
ROA14.5%
ROA14.5%
Financial leverage1.64×
ROE23.8%

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

Net margin11.8%
2023: 7.5%7.5%2024: 9.4%9.4%2025: 11.8%11.8%232425
Asset turnover1.23×
2023: 1.26×1.26×2024: 1.36×1.36×2025: 1.23×1.23×232425
ROA14.5%
2023: 9.4%9.4%2024: 12.9%12.9%2025: 14.5%14.5%232425
Financial leverage1.64×
2023: 2.12×2.12×2024: 2.02×2.02×2025: 1.64×1.64×232425
ROE23.8%
2023: 20.0%20.0%2024: 26.0%26.0%2025: 23.8%23.8%232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20237.5%1.26×9.4%2.12×20.0%
20249.4%1.36×12.9%2.02×26.0%
202511.8%1.23×14.5%1.64×23.8%

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 ÷ revenue12.3%
2023: 17.2%17.2%2024: 14.0%14.0%2025: 12.3%12.3%232425
PPE ÷ total assets13.3%
2023: 21.8%21.8%2024: 17.5%17.5%2025: 13.3%13.3%232425

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.

R&D spending¥2.8M
2023: ¥9.7M¥9.7M2024: ¥1.1M¥1.1M2025: ¥2.8M¥2.8M232425
R&D / revenue0.1%
2023: 0.3%0.3%2024: 0.0%0.0%2025: 0.1%0.1%232425

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 Aug 2023FY ending Aug 2024FY ending Aug 2025
Revenue3,7364,4225,087
Cost of revenue2,0892,4742,749
Gross profit1,6481,9482,338
SG&A1,2621,3461,563
Operating income386603774
Pretax income402611870
Income tax123194272
Net income attributable to owners279417600
Operating margin10.3%13.6%15.2%

Balance sheet (reported items)

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

Assets

Cash 43%
Property, plant and equipment 13%
1%
Investment securities 11%
Other assets 32%

Funding

Other liabilities 29%
Equity 71%

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

ItemFY ending Aug 2023FY ending Aug 2024FY ending Aug 2025
Cash and equivalents¥668.8M¥1.11B¥2.05B
Total assets¥2.96B¥3.54B¥4.73B
Net assets¥1.46B¥1.91B¥3.38B
Share capital¥105.8M¥105.8M¥367.7M
Property, plant and equipment¥644M¥617.2M¥627.7M
Intangible assets excluding goodwill¥28.2M¥25.9M¥20.7M
Investment securities¥354M¥418.9M¥525M
Current assets¥1.46B¥1.98B¥3.14B
Current liabilities¥1.14B¥1.33B¥1.09B
Short-term borrowings¥500M¥500M¥150M
Long-term borrowings¥295.3M¥251.3M¥206.3M
Bonds¥35.4M¥10M—
Interest-bearing debt¥830.7Mderived¥761.3Mderived—
Total liabilities¥1.5B¥1.63B¥1.35B
Non-controlling interests——¥992K
Equity attributable to owners of parent¥1.39B¥1.82B¥3.23B
Retained earnings¥1.27B¥1.69B¥2.29B
Treasury stock-¥28.8M-¥28.3M-¥2.7M

Sources

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

    訂正有価証券報告書-第18期(2024/09/01-2025/08/31)

    ID S100XJ6M2026-03-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第17期(2023/09/01-2024/08/31)

    ID S100UVG12024-11-29Open

Extracted from XBRL: 47 / Derived from other figures: 1

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