IngsINGS inc.245A東証グロース小売業FY ending Aug 2025, non-consolidated, J-GAAP

Ings revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed +20.5% from the prior year, operating profit +8.9%.

Five-year trend

Revenue¥7.73B
FY ending Aug 2023: ¥5.26B¥5.26BFY ending Aug 2024: ¥6.42B¥6.42BFY ending Aug 2025: ¥7.73B¥7.73BFY23FY24FY25
Operating income¥490.8M
FY ending Aug 2023: ¥283M¥283MFY ending Aug 2024: ¥450.6M¥450.6MFY ending Aug 2025: ¥490.8M¥490.8MFY23FY24FY25
Operating margin6.3%
FY ending Aug 2023: 5.4%5.4%FY ending Aug 2024: 7.0%7.0%FY ending Aug 2025: 6.3%6.3%FY23FY24FY25

What drives ROE

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

Net margin3.5%
Asset turnover1.93×
ROA6.8%
ROA6.8%
Financial leverage2.94×
ROE20.0%

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

Net margin3.5%
2023: 1.3%1.3%2024: 4.5%4.5%2025: 3.5%3.5%232425
Asset turnover1.93×
2023: 1.82×1.82×2024: 2.02×2.02×2025: 1.93×1.93×232425
ROA6.8%
2023: 2.4%2.4%2024: 9.0%9.0%2025: 6.8%6.8%232425
Financial leverage2.94×
2023: 5.97×5.97×2024: 5.06×5.06×2025: 2.94×2.94×232425
ROE20.0%
2023: 14.1%14.1%2024: 45.6%45.6%2025: 20.0%20.0%232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20231.3%1.82×2.4%5.97×14.1%
20244.5%2.02×9.0%5.06×45.6%
20253.5%1.93×6.8%2.94×20.0%

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 ÷ revenue19.6%
2023: 18.0%18.0%2024: 17.8%17.8%2025: 19.6%19.6%232425
PPE ÷ total assets33.2%
2023: 32.8%32.8%2024: 33.0%33.0%2025: 33.2%33.2%232425
Goodwill ÷ parent equity15.2%
2023: 93.2%93.2%2024: 46.9%46.9%2025: 15.2%15.2%232425
Goodwill balance¥297.6M
2023: ¥451.5M¥451.5M2024: ¥361.2M¥361.2M2025: ¥297.6M¥297.6M232425

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Income statement (JPY millions)

ItemFY ending Aug 2023FY ending Aug 2024FY ending Aug 2025
Revenue5,2626,4197,733
Cost of revenue1,8042,1792,557
Gross profit3,4584,2405,176
SG&A3,1753,7894,685
Operating income283451491
Pretax income127442425
Income tax59156153
Net income attributable to owners68286272
Operating margin5.4%7.0%6.3%

Balance sheet (reported items)

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

Assets

Cash 35%
Property, plant and equipment 33%
Intangibles and goodwill 15%
Other assets 17%

Funding

Other liabilities 57%
Equity 43%

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

ItemFY ending Aug 2023FY ending Aug 2024FY ending Aug 2025
Cash and equivalents¥661.4M¥1.01B¥1.58B
Total assets¥2.89B¥3.45B¥4.56B
Net assets¥484.4M¥770.3M¥1.96B
Share capital¥10M¥10M¥11.5M
Property, plant and equipment¥947.5M¥1.14B¥1.51B
Intangible assets excluding goodwill¥560.9M¥452.2M¥370.4M
Goodwill¥451.5M¥361.2M¥297.6M
Current assets¥917.5M¥1.31B¥1.96B
Current liabilities¥1.02B¥1.25B¥1.31B
Short-term borrowings¥10M——
Long-term borrowings¥931.6M¥1.17B¥1.06B
Bonds¥123M¥25M—
Interest-bearing debt¥1.06Bderived——
Total liabilities¥2.41B¥2.68B¥2.6B
Equity attributable to owners of parent¥484.4M¥770.3M¥1.96B
Retained earnings¥474.4M¥760.3M¥1.03B

Sources

Show source documents (2)
  • EDINET (FSA Japan)

    有価証券報告書-第17期(2024/09/01-2025/08/31)

    ID S100X72L2025-11-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第16期(2023/09/01-2024/08/31)

    ID S100UVCX2024-11-29Open

Extracted from XBRL: 42 / Derived from other figures: 1

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