Internetworking and Broadband ConsultingInternetworking and Broadband Consulting Co.,Ltd.3920東証スタンダード情報・通信業FY ending Sep 2025, non-consolidated, J-GAAP

Internetworking and Broadband Consulting revenue and profit

Out of every ¥100 of sales, about ¥24 is left as operating profit. Revenue changed +15.0% from the prior year, operating profit +46.9%.

Five-year trend

Revenue¥2.4B
FY ending Sep 2022: ¥1.5B¥1.5BFY ending Sep 2023: ¥1.9B¥1.9BFY ending Sep 2024: ¥2.18B¥2.18BFY ending Sep 2024: ¥2.09B¥2.09BFY ending Sep 2025: ¥2.4B¥2.4BFY22FY23FY24FY24FY25
Operating income¥565.1M
FY ending Sep 2022: -¥48M-¥48MFY ending Sep 2023: ¥212.2M¥212.2MFY ending Sep 2024: ¥382.3M¥382.3MFY ending Sep 2024: ¥384.6M¥384.6MFY ending Sep 2025: ¥565.1M¥565.1MFY22FY23FY24FY24FY25
Operating margin23.5%
FY ending Sep 2022: -3.2%-3.2%FY ending Sep 2023: 11.2%11.2%FY ending Sep 2024: 17.5%17.5%FY ending Sep 2024: 18.4%18.4%FY ending Sep 2025: 23.5%23.5%FY22FY23FY24FY24FY25

What drives ROE

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

Net margin17.1%
Asset turnover0.69×
ROA11.8%
ROA11.8%
Financial leverage1.69×
ROE19.9%

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

Net margin17.1%
2023: 3.7%3.7%2024: 11.5%11.5%2024: 12.0%12.0%2025: 17.1%17.1%2223242425
Asset turnover0.69×
2023: 0.58×0.58×2024: 0.66×0.66×2024: 0.65×0.65×2025: 0.69×0.69×2223242425
ROA11.8%
2022: -0.5%-0.5%2023: 2.2%2.2%2024: 7.6%7.6%2024: 7.8%7.8%2025: 11.8%11.8%2223242425
Financial leverage1.69×
2023: 1.86×1.86×2024: 1.76×1.76×2024: 1.72×1.72×2025: 1.69×1.69×2223242425
ROE19.9%
2023: 4.0%4.0%2024: 13.4%13.4%2024: 13.4%13.4%2025: 19.9%19.9%2223242425
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×-0.5%—×—
20233.7%0.58×2.2%1.86×4.0%
202411.5%0.66×7.6%1.76×13.4%
202412.0%0.65×7.8%1.72×13.4%
202517.1%0.69×11.8%1.69×19.9%

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 ÷ revenue3.2%
2024: 1.5%1.5%2025: 3.2%3.2%2425
PPE ÷ total assets2.1%
2024: 1.0%1.0%2025: 2.1%2.1%2425

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.

R&D spending¥10.2M
2025: ¥10.2M¥10.2M2425
R&D / revenue0.4%
2025: 0.4%0.4%2425
Inventory days22d
2024: 23d23d2025: 22d22d2425

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 Sep 2022FY ending Sep 2023FY ending Sep 2024FY ending Sep 2024FY ending Sep 2025
Revenue1,5011,9012,1852,0912,405
Cost of revenue477565598537555
Gross profit1,0251,3361,5861,5541,850
SG&A1,0731,1241,2041,1701,285
Operating income-48212382385565
Pretax income-30140293269576
Income tax-12694239165
Net income attributable to owners-1870252252411
Operating margin-3.2%11.2%17.5%18.4%23.5%

Balance sheet (reported items)

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

Assets

Cash 65%
1%
2%
3%
5%
Other assets 24%

Funding

Other liabilities 39%
Equity 61%

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

ItemFY ending Sep 2022FY ending Sep 2023FY ending Sep 2024FY ending Sep 2024FY ending Sep 2025
Cash and equivalents¥1.41B¥1.62B¥1.97B¥1.93B¥2.41B
Total assets¥3.26B¥3.26B¥3.33B¥3.24B¥3.74B
Net assets¥1.83B¥1.83B¥1.99B¥1.91B¥2.27B
Share capital¥443.2M¥443.2M¥443.2M¥443.2M¥447.4M
Inventories¥42.5M¥30.1M¥34.1M¥34.1M¥33.8M
Property, plant and equipment¥41.5M¥34.4M¥31.7M¥31.7M¥77M
Intangible assets excluding goodwill¥64.5M¥46.4M¥45.2M¥45.2M¥121.1M
Goodwill¥36.5M¥16.6M———
Investment securities¥658.2M¥500.8M¥246.5M¥169.9M¥176.3M
Current assets¥2.2B¥2.33B¥2.72B¥2.67B¥3.03B
Current liabilities¥1.25B¥1.38B¥1.34B¥1.33B¥1.42B
Short-term borrowings¥800M¥800M¥800M¥800M¥800M
Long-term borrowings¥160M¥50M———
Total liabilities¥1.42B¥1.44B¥1.34B¥1.33B¥1.47B
Equity attributable to owners of parent¥1.72B¥1.77B¥1.97B¥1.88B¥2.25B
Retained earnings¥1.08B¥1.13B¥1.33B¥1.22B¥1.58B
Treasury stock-¥221.1M-¥221.1M-¥221.1M-¥221.1M-¥221.1M

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第23期(2024/10/01-2025/09/30)

    ID S100XBM82025-12-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第22期(2023/10/01-2024/09/30)

    ID S100UZI62024-12-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第21期(2022/10/01-2023/09/30)

    ID S100SHQ62023-12-20Open
  • EDINET (FSA Japan)

    有価証券報告書-第20期(令和3年10月1日-令和4年9月30日)

    ID S100PSOK2022-12-14Open
  • EDINET (FSA Japan)

    有価証券報告書-第19期(令和2年10月1日-令和3年9月30日)

    ID S100N29M2021-12-16Open
  • EDINET (FSA Japan)

    有価証券報告書-第18期(令和1年10月1日-令和2年9月30日)

    ID S100KDJN2020-12-17Open

Extracted from XBRL: 48 / Derived from other figures: 1

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