J-HoldingsJ-Holdings Corp.2721東証スタンダード卸売業FY ending Dec 2025, consolidated, J-GAAP
It lost about ¥164 for every ¥100 of sales at the operating level. Revenue changed +5.6% from the prior year.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2021 | — | —× | -58.9% | —× | — |
| 2022 | — | —× | -70.0% | —× | — |
| 2023 | — | —× | -70.1% | —× | — |
| 2024 | — | —× | -133.8% | —× | — |
| 2025 | — | —× | -65.6% | —× | — |
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 Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 116 | 112 | 175 | 180 | 190 |
| Cost of revenue | 69 | 71 | 74 | 78 | 78 |
| Gross profit | 47 | 41 | 101 | 102 | 112 |
| SG&A | 177 | 242 | 381 | 369 | 423 |
| Operating income | -130 | -201 | -280 | -267 | -311 |
| Pretax income | -150 | -267 | -295 | -384 | -252 |
| Income tax | 1 | 3 | 2 | 4 | 5 |
| Net income attributable to owners | -151 | -270 | -297 | -388 | -257 |
| Operating margin | -111.7% | -179.8% | -159.5% | -148.8% | -163.8% |
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 | ¥85.7M | ¥124.7M | ¥23.8M | ¥53.9M | ¥93.2M |
| Total assets | ¥256.2M | ¥515.7M | ¥331.1M | ¥248.6M | ¥534.3M |
| Net assets | ¥231.4M | ¥479.3M | ¥282.4M | -¥33.1M | ¥119.9M |
| Share capital | ¥100M | ¥361.9M | ¥150.7M | ¥199.7M | ¥400.7M |
| Trade receivables | ¥5M | — | — | — | — |
| Property, plant and equipment | ¥20.3M | ¥37.1M | ¥35M | ¥26.1M | ¥214.3M |
| Intangible assets excluding goodwill | — | ¥293.9M | ¥187M | — | — |
| Goodwill | — | ¥293.9M | ¥187M | — | — |
| Current assets | ¥218.4M | ¥167.8M | ¥92.8M | ¥185.1M | ¥282.8M |
| Current liabilities | ¥24.1M | ¥33.4M | ¥46M | ¥125.9M | ¥65M |
| Short-term borrowings | — | — | — | ¥70M | — |
| Total liabilities | ¥24.8M | ¥36.3M | ¥48.6M | ¥281.7M | ¥414.3M |
| Equity attributable to owners of parent | ¥198.4M | ¥451.9M | ¥256.5M | -¥33.1M | ¥112.1M |
| Retained earnings | -¥95.8M | -¥366M | -¥323.5M | -¥711.2M | -¥968M |
| Treasury stock | -¥24K | -¥24K | -¥24K | -¥24K | -¥24K |
EDINET (FSA Japan)
有価証券報告書－第34期(2025/01/01－2025/12/31)
EDINET (FSA Japan)
有価証券報告書－第33期(2024/01/01－2024/12/31)
EDINET (FSA Japan)
有価証券報告書－第32期(2023/01/01－2023/12/31)
EDINET (FSA Japan)
有価証券報告書－第31期(2022/01/01－2022/12/31)
EDINET (FSA Japan)
訂正有価証券報告書－第30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29期(令和2年1月1日－令和2年12月31日)
Extracted from XBRL: 39 / Derived from other figures: 1
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