HS HoldingsHS Holdings Co.,Ltd.8699東証スタンダード証券、商品先物取引業FY ending Mar 2026, consolidated, J-GAAP
It lost about ¥1 for every ¥100 of sales at the operating level. Revenue changed +58.5% from the prior year.
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 |
|---|---|---|---|---|---|
| 2025 | 34.7% | 0.30× | 10.5% | 1.31× | 13.7% |
| 2026 | 26.6% | 0.45× | 11.9% | 1.29× | 15.4% |
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
Track R&D investment and how long operating capital remains tied up before sales turn into cash.
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.
| Item | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|
| Revenue | 34,857 | 55,263 |
| Cost of revenue | 27,038 | 44,593 |
| Gross profit | 7,819 | 10,670 |
| SG&A | 10,116 | 11,895 |
| Operating income | -1,106 | -363 |
| Pretax income | 14,925 | 17,991 |
| Income tax | 3,106 | 3,257 |
| Net income attributable to owners | 12,100 | 14,688 |
| Operating margin | -3.2% | -0.7% |
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 Mar 2025 | FY ending Mar 2026 |
|---|---|---|
| Cash and equivalents | ¥17.1B | ¥18.5B |
| Total assets | ¥115.3B | ¥132B |
| Net assets | ¥86.7B | ¥100.6B |
| Share capital | ¥12.2B | ¥12.2B |
| Inventories | ¥2.35B | ¥5.02B |
| Property, plant and equipment | ¥2.92B | ¥3.33B |
| Intangible assets excluding goodwill | ¥12B | ¥13.4B |
| Goodwill | ¥1.8B | ¥2.4B |
| Investment securities | ¥4.57B | ¥2.72B |
| Current assets | ¥36.4B | ¥43.3B |
| Current liabilities | ¥12.5B | ¥12.6B |
| Short-term borrowings | — | ¥13M |
| Long-term borrowings | ¥1.24B | ¥1.96B |
| Total liabilities | ¥28.6B | ¥31.4B |
| Non-controlling interests | ¥327M | ¥538M |
| Equity attributable to owners of parent | ¥88.3B | ¥102.7B |
| Retained earnings | ¥85.4B | ¥99.8B |
| Treasury stock | -¥13B | -¥13B |
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