Hatch WorkHATCH WORK CO.,LTD.148A東証グロース情報・通信業FY ending Dec 2025, non-consolidated, J-GAAP

Hatch Work revenue and profit

Out of every ¥100 of sales, about ¥9 is left as operating profit. Revenue changed +16.5% from the prior year, operating profit +32.1%.

Five-year trend

Revenue¥2.76B
FY ending Dec 2022: ¥1.65B¥1.65BFY ending Dec 2023: ¥2.06B¥2.06BFY ending Dec 2024: ¥2.37B¥2.37BFY ending Dec 2025: ¥2.76B¥2.76BFY22FY23FY24FY25
Operating income¥242.1M
FY ending Dec 2022: -¥389.8M-¥389.8MFY ending Dec 2023: ¥20.8M¥20.8MFY ending Dec 2024: ¥183.3M¥183.3MFY ending Dec 2025: ¥242.1M¥242.1MFY22FY23FY24FY25
Operating margin8.8%
FY ending Dec 2022: -23.7%-23.7%FY ending Dec 2023: 1.0%1.0%FY ending Dec 2024: 7.7%7.7%FY ending Dec 2025: 8.8%8.8%FY22FY23FY24FY25

What drives ROE

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

Net margin8.9%
Asset turnover1.04×
ROA9.3%
ROA9.3%
Financial leverage2.95×
ROE27.4%

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

Net margin8.9%
2023: 3.8%3.8%2024: 5.5%5.5%2025: 8.9%8.9%22232425
Asset turnover1.04×
2023: 1.15×1.15×2024: 1.11×1.11×2025: 1.04×1.04×22232425
ROA9.3%
2022: -21.3%-21.3%2023: 4.3%4.3%2024: 6.1%6.1%2025: 9.3%9.3%22232425
Financial leverage2.95×
2023: 8.44×8.44×2024: 4.15×4.15×2025: 2.95×2.95×22232425
ROE27.4%
2023: 36.6%36.6%2024: 25.5%25.5%2025: 27.4%27.4%22232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×-21.3%—×—
20233.8%1.15×4.3%8.44×36.6%
20245.5%1.11×6.1%4.15×25.5%
20258.9%1.04×9.3%2.95×27.4%

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 ÷ revenue1.9%
2022: 6.0%6.0%2023: 3.3%3.3%2024: 1.8%1.8%2025: 1.9%1.9%22232425
PPE ÷ total assets1.8%
2022: 5.6%5.6%2023: 3.7%3.7%2024: 1.7%1.7%2025: 1.8%1.8%22232425

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 Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue1,6482,0562,3682,759
Cost of revenue9529659901,128
Gross profit6961,0921,3781,631
SG&A1,0851,0711,1951,389
Operating income-39021183242
Pretax income-39828133254
Income tax-26-5027
Net income attributable to owners-37278131247
Operating margin-23.7%1.0%7.7%8.8%

Balance sheet (reported items)

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

Assets

Cash 48%
2%
1%
1%
Other assets 48%

Funding

7%
Other liabilities 57%
Equity 36%

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

ItemFY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥1.11B¥1B¥1.34B¥1.39B
Total assets¥1.75B¥1.84B¥2.43B¥2.88B
Net assets¥173.7M¥251.5M¥777.1M¥1.03B
Share capital¥100M¥100M¥56.9M¥58.5M
Property, plant and equipment¥98.4M¥67.7M¥41.7M¥51.6M
Intangible assets excluding goodwill¥11.8M¥31.1M¥29.5M¥22.5M
Investment securities——¥29.5M¥28.8M
Current assets¥1.48B¥1.52B¥2.1B¥2.43B
Current liabilities¥1.09B¥1.24B¥1.42B¥1.71B
Short-term borrowings¥100M¥100M¥200M¥82M
Long-term borrowings¥307.2M¥231.9M¥181.8M¥95.7M
Bonds¥150M¥90M¥30M¥20M
Interest-bearing debt¥557.2Mderived¥421.9Mderived¥411.9Mderived¥197.7Mderived
Total liabilities¥1.58B¥1.59B¥1.65B¥1.86B
Equity attributable to owners of parent¥173.7M¥251.5M¥776.6M¥1.03B
Retained earnings-¥1.03B-¥956.4M¥131M¥377.9M
Treasury stock-¥7.2M-¥7.2M——

Sources

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

    有価証券報告書-第26期(2025/01/01-2025/12/31)

    ID S100XS1R2026-03-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第25期(2024/01/01-2024/12/31)

    ID S100VGW32025-03-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第24期(2023/01/01-2023/12/31)

    ID S100T3CC2024-03-29Open

Extracted from XBRL: 43 / Derived from other figures: 2

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.