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HITO-Communications HoldingsHITO-Communications Holdings,Inc.4433東証プライム情報・通信業FY ending Aug 2025, consolidated, J-GAAP

HITO-Communications Holdings revenue and profit

Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +8.6% from the prior year, operating profit +59.1%.

Five-year trend

Revenue¥63.6B
FY ending Aug 2021: ¥84.2B¥84.2BFY ending Aug 2022: ¥64.1B¥64.1BFY ending Aug 2023: ¥64B¥64BFY ending Aug 2024: ¥58.5B¥58.5BFY ending Aug 2025: ¥63.6B¥63.6BFY21FY22FY23FY24FY25
Operating income¥2.5B
FY ending Aug 2021: ¥4.79B¥4.79BFY ending Aug 2022: ¥5.74B¥5.74BFY ending Aug 2023: ¥4.2B¥4.2BFY ending Aug 2024: ¥1.57B¥1.57BFY ending Aug 2025: ¥2.5B¥2.5BFY21FY22FY23FY24FY25
Operating margin3.9%
FY ending Aug 2021: 5.7%5.7%FY ending Aug 2022: 8.9%8.9%FY ending Aug 2023: 6.6%6.6%FY ending Aug 2024: 2.7%2.7%FY ending Aug 2025: 3.9%3.9%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin1.3%
Asset turnover1.57×
ROA2.1%
ROA2.1%
Financial leverage2.35×
ROE4.9%

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

Net margin1.3%
2021: 3.3%3.3%2022: 5.0%5.0%2023: 2.9%2.9%2025: 1.3%1.3%2122232425
Asset turnover1.57×
2021: 2.70×2.70×2022: 1.96×1.96×2023: 1.67×1.67×2025: 1.57×1.57×2122232425
ROA2.1%
2021: 8.9%8.9%2022: 9.9%9.9%2023: 4.9%4.9%2024: -0.1%-0.1%2025: 2.1%2.1%2122232425
Financial leverage2.35×
2021: 2.22×2.22×2022: 2.12×2.12×2023: 2.22×2.22×2025: 2.35×2.35×2122232425
ROE4.9%
2021: 19.7%19.7%2022: 20.9%20.9%2023: 10.9%10.9%2025: 4.9%4.9%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20213.3%2.70×8.9%2.22×19.7%
20225.0%1.96×9.9%2.12×20.9%
20232.9%1.67×4.9%2.22×10.9%
2024——×-0.1%—×—
20251.3%1.57×2.1%2.35×4.9%

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 ÷ revenue7.4%
2020: 2.8%2.8%2021: 2.6%2.6%2022: 3.4%3.4%2023: 3.6%3.6%2024: 4.3%4.3%2025: 7.4%7.4%202122232425
PPE ÷ total assets11.5%
2020: 7.2%7.2%2021: 7.1%7.1%2022: 6.4%6.4%2023: 5.4%5.4%2024: 6.3%6.3%2025: 11.5%11.5%202122232425
Goodwill ÷ parent equity35.2%
2020: 39.6%39.6%2021: 28.4%28.4%2022: 20.6%20.6%2023: 42.4%42.4%2024: 39.9%39.9%2025: 35.2%35.2%202122232425
Goodwill balance¥6.11B
2020: ¥4.61B¥4.61B2021: ¥3.98B¥3.98B2022: ¥3.46B¥3.46B2023: ¥7.54B¥7.54B2024: ¥6.84B¥6.84B2025: ¥6.11B¥6.11B202122232425

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—
2020: 45d45d2021: 47d47d202122232425

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 2021FY ending Aug 2022FY ending Aug 2023FY ending Aug 2024FY ending Aug 2025
Revenue84,22564,13063,98058,54763,596
Cost of revenue69,50748,90249,74246,44950,684
Gross profit14,71815,22714,23812,09712,912
SG&A9,9319,48710,03910,52810,416
Operating income4,7875,7394,1981,5682,495
Pretax income4,8035,6603,7671,2872,070
Income tax1,8082,2451,6291,1271,011
Net income attributable to owners2,7743,2271,885-43853
Operating margin5.7%8.9%6.6%2.7%3.9%

Balance sheet (reported items)

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

Assets

Cash 29%
Property, plant and equipment 12%
Intangibles and goodwill 32%
1%
Other assets 26%

Funding

Other liabilities 54%
Equity 46%

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

ItemFY ending Aug 2021FY ending Aug 2022FY ending Aug 2023FY ending Aug 2024FY ending Aug 2025
Cash and equivalents¥9.6B¥13.1B¥16.1B¥13.9B¥11.7B
Total assets¥31.2B¥34.2B¥42.6B¥40.1B¥40.8B
Net assets¥14.9B¥17.9B¥19.1B¥18.6B¥18.9B
Share capital¥450M¥450M¥450M¥450M¥450M
Trade receivables¥10.8B————
Property, plant and equipment¥2.23B¥2.21B¥2.28B¥2.52B¥4.71B
Intangible assets excluding goodwill¥4.87B¥4.29B¥8.68B¥7.98B¥7.12B
Goodwill¥3.98B¥3.46B¥7.54B¥6.84B¥6.11B
Investment securities¥501M¥434M¥675M¥672M¥600M
Current assets¥22.2B¥25.7B¥29B¥27.2B¥25.9B
Current liabilities¥11.9B¥12.6B¥13.2B¥12.8B¥13.9B
Short-term borrowings¥100M¥100M¥100M¥100M¥100M
Long-term borrowings¥3.73B¥3.13B¥9.35B¥7.71B¥6.76B
Total liabilities¥16.2B¥16.3B¥23.5B¥21.5B¥21.9B
Non-controlling interests¥850M¥998M¥1.22B¥1.38B¥1.53B
Equity attributable to owners of parent¥14.1B¥16.8B¥17.8B¥17.1B¥17.3B
Retained earnings¥13.4B¥16.2B¥17.3B¥16.7B¥16.9B
Treasury stock-¥99M-¥100M-¥100M-¥100M-¥100M

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第7期(2024/09/01－2025/08/31)

    ID S100X6V12025-11-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第6期(2023/09/01－2024/08/31)

    ID S100UV562024-11-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第5期(2022/09/01－2023/08/31)

    ID S100SDAX2023-11-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第4期(令和3年9月1日－令和4年8月31日)

    ID S100PPT22022-11-30Open

  • EDINET (FSA Japan)

    有価証券報告書－第3期(令和2年9月1日－令和3年8月31日)

    ID S100MYGV2021-11-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第2期(令和1年9月1日－令和2年8月31日)

    ID S100K9ZZ2020-11-30Open

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