Hikari Food ServiceHikari Food Service Co., Ltd.138A東証グロース小売業FY ending Nov 2025, non-consolidated, J-GAAP
Out of every ¥100 of sales, about ¥8 is left as operating profit. Revenue changed +11.5% from the prior year, operating profit +4.0%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2022 | 3.7% | 0.90× | 3.4% | 11.49× | 38.6% |
| 2023 | 9.0% | 1.22× | 11.1% | 6.90× | 76.3% |
| 2024 | 3.9% | 1.23× | 4.8% | 2.59× | 12.5% |
| 2025 | 3.6% | 1.13× | 4.0% | 1.98× | 8.0% |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
| Item | FY ending Nov 2022 | FY ending Nov 2023 | FY ending Nov 2024 | FY ending Nov 2025 |
|---|---|---|---|---|
| Revenue | 1,684 | 2,225 | 2,567 | 2,862 |
| Cost of revenue | 469 | 616 | 682 | 765 |
| Gross profit | 1,215 | 1,609 | 1,885 | 2,097 |
| SG&A | 1,166 | 1,346 | 1,667 | 1,871 |
| Operating income | 49 | 262 | 217 | 226 |
| Pretax income | 92 | 241 | 165 | 154 |
| Income tax | 29 | 40 | 65 | 52 |
| Net income attributable to owners | 63 | 201 | 100 | 102 |
| Operating margin | 2.9% | 11.8% | 8.5% | 7.9% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending Nov 2022 | FY ending Nov 2023 | FY ending Nov 2024 | FY ending Nov 2025 |
|---|---|---|---|---|
| Cash and equivalents | ¥677M | ¥604.2M | ¥1.03B | ¥1.39B |
| Total assets | ¥1.87B | ¥1.76B | ¥2.41B | ¥2.65B |
| Net assets | ¥162.8M | ¥363.9M | ¥1.25B | ¥1.31B |
| Share capital | ¥20M | ¥20M | ¥411.6M | ¥411.6M |
| Property, plant and equipment | ¥563.4M | ¥531.3M | ¥656.2M | ¥753.2M |
| Intangible assets excluding goodwill | ¥7.7M | ¥7.1M | ¥11.5M | ¥12.7M |
| Goodwill | ¥833K | — | — | — |
| Current assets | ¥1.11B | ¥998.1M | ¥1.5B | ¥1.63B |
| Current liabilities | ¥512.9M | ¥521.2M | ¥519.4M | ¥653.7M |
| Long-term borrowings | ¥1.14B | ¥825.1M | ¥584.9M | ¥624.1M |
| Total liabilities | ¥1.71B | ¥1.4B | ¥1.16B | ¥1.34B |
| Equity attributable to owners of parent | ¥162.8M | ¥363.9M | ¥1.25B | ¥1.31B |
| Retained earnings | ¥142.8M | ¥343.9M | ¥444.2M | ¥507M |
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