HulicHulic Co.,Ltd.3003東証プライム不動産業FY ending Dec 2025, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥26 is left as operating profit. Revenue changed +23.0% from the prior year, operating profit +14.4%.
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 |
|---|---|---|---|---|---|
| 2021 | 15.6% | 0.20× | 3.2% | 3.68× | 11.6% |
| 2022 | 15.1% | 0.23× | 3.5% | 3.63× | 12.7% |
| 2023 | 21.2% | 0.19× | 3.9% | 3.55× | 14.0% |
| 2024 | 17.3% | 0.21× | 3.7% | 3.75× | 13.9% |
| 2025 | 15.7% | 0.22× | 3.5% | 4.10× | 14.3% |
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 Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 447,077 | 523,424 | 446,383 | 591,615 | 727,447 |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| SG&A | 40,902 | 46,422 | 50,329 | 67,573 | 89,976 |
| Operating income | 114,507 | 126,147 | 146,178 | 163,360 | 186,826 |
| Pretax income | 105,662 | 117,478 | 136,698 | 151,136 | 171,343 |
| Income tax | 35,204 | 38,328 | 41,978 | 47,845 | 56,081 |
| Net income attributable to owners | 69,564 | 79,150 | 94,625 | 102,341 | 114,334 |
| Operating margin | 25.6% | 24.1% | 32.7% | 27.6% | 25.7% |
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 Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥206.1B | ¥138.3B | ¥82.8B | ¥134.3B | ¥130.7B |
| Total assets | ¥2.21T | ¥2.32T | ¥2.48T | ¥3.05T | ¥3.51T |
| Net assets | ¥638.3B | ¥687.2B | ¥769.3B | ¥856.3B | ¥939.2B |
| Share capital | ¥111.6B | ¥111.6B | ¥111.6B | ¥111.6B | ¥111.6B |
| Property, plant and equipment | ¥1.53T | ¥1.64T | ¥1.62T | ¥1.72T | ¥1.93T |
| Intangible assets excluding goodwill | ¥84.7B | ¥88.2B | ¥77.9B | ¥216.9B | ¥258.8B |
| Goodwill | ¥3.71B | ¥4.79B | ¥4.16B | ¥117.2B | ¥126.2B |
| Investment securities | ¥225.5B | ¥284.7B | ¥328.5B | ¥420.5B | ¥499.5B |
| Current assets | ¥328.9B | ¥250.9B | ¥373B | ¥583.9B | ¥686.5B |
| Current liabilities | ¥107.1B | ¥245.8B | ¥185.3B | ¥462.8B | ¥490.7B |
| Short-term borrowings | ¥660M | ¥660M | ¥1.77B | ¥167B | ¥3.29B |
| Long-term borrowings | ¥977.3B | ¥857.7B | ¥929.1B | ¥1.04T | ¥1.4T |
| Bonds | ¥345B | ¥371B | ¥381B | ¥444B | ¥424.1B |
| Interest-bearing debt | ¥1.32Tderived | ¥1.23Tderived | ¥1.31Tderived | ¥1.65Tderived | ¥1.83Tderived |
| Total liabilities | ¥1.57T | ¥1.63T | ¥1.71T | ¥2.19T | ¥2.57T |
| Non-controlling interests | ¥533M | ¥424M | ¥3.64B | ¥23.3B | ¥25.8B |
| Equity attributable to owners of parent | ¥599.3B | ¥646.5B | ¥706.8B | ¥769.2B | ¥829.4B |
| Retained earnings | ¥352.4B | ¥401.1B | ¥461.2B | ¥522.9B | ¥593.9B |
| Treasury stock | -¥2.46B | -¥3.97B | -¥3.76B | -¥3.09B | -¥6.21B |
EDINET (FSA Japan)
有価証券報告書－第96期(2025/01/01－2025/12/31)
EDINET (FSA Japan)
有価証券報告書－第95期(2024/01/01－2024/12/31)
EDINET (FSA Japan)
訂正有価証券報告書－第94期(2023/01/01－2023/12/31)
EDINET (FSA Japan)
有価証券報告書－第93期(2022/01/01－2022/12/31)
EDINET (FSA Japan)
有価証券報告書－第92期(令和3年1月1日－令和3年12月31日)
EDINET (FSA Japan)
有価証券報告書－第91期(令和2年1月1日－令和2年12月31日)
Extracted from XBRL: 52 / Derived from other figures: 2
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