Japan Asia InvestmentJapan Asia Investment Company, Limited8518東証スタンダード証券、商品先物取引業FY ending Mar 2026, consolidated, J-GAAP

Japan Asia Investment revenue and profit

It lost about ¥19 for every ¥100 of sales at the operating level. Revenue changed -31.5% from the prior year, operating profit -492.4%.

Five-year trend

Revenue¥2.12B
FY ending Mar 2022: ¥3.2B¥3.2BFY ending Mar 2023: ¥3.87B¥3.87BFY ending Mar 2024: ¥2.44B¥2.44BFY ending Mar 2025: ¥3.09B¥3.09BFY ending Mar 2026: ¥2.12B¥2.12BFY22FY23FY24FY25FY26
Operating income-¥412M
FY ending Mar 2022: -¥237M-¥237MFY ending Mar 2023: ¥11M¥11MFY ending Mar 2024: -¥1.15B-¥1.15BFY ending Mar 2025: ¥105M¥105MFY ending Mar 2026: -¥412M-¥412MFY22FY23FY24FY25FY26
Operating margin-19.5%
FY ending Mar 2022: -7.4%-7.4%FY ending Mar 2023: 0.3%0.3%FY ending Mar 2024: -47.1%-47.1%FY ending Mar 2025: 3.4%3.4%FY ending Mar 2026: -19.5%-19.5%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin—
2022: 0.6%0.6%2025: 12.9%12.9%2223242526
Asset turnover—
2022: 0.16×0.16×2025: 0.19×0.19×2223242526
ROA-0.3%
2022: 0.1%0.1%2023: -1.5%-1.5%2024: -9.6%-9.6%2025: 2.5%2.5%2026: -0.3%-0.3%2223242526
Financial leverage—
2022: 2.88×2.88×2025: 2.74×2.74×2223242526
ROE—
2022: 0.3%0.3%2025: 6.8%6.8%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20220.6%0.16×0.1%2.88×0.3%
2023——×-1.5%—×—
2024——×-9.6%—×—
202512.9%0.19×2.5%2.74×6.8%
2026——×-0.3%—×—

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 ÷ revenue522.4%
2021: 211.7%211.7%2022: 129.5%129.5%2023: 140.3%140.3%2024: 244.6%244.6%2025: 145.9%145.9%2026: 522.4%522.4%212223242526
PPE ÷ total assets52.6%
2021: 31.2%31.2%2022: 20.5%20.5%2023: 28.9%28.9%2024: 35.6%35.6%2025: 29.3%29.3%2026: 52.6%52.6%212223242526
Goodwill ÷ parent equity7.9%
2025: 0.0%0.0%2026: 7.9%7.9%212223242526
Goodwill balance¥583M
2025: ¥0¥02026: ¥583M¥583M212223242526

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 Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue3,2043,8722,4443,0922,117
Cost of revenue—————
Gross profit—————
SG&A1,4701,4081,3161,1001,103
Operating income-23711-1,150105-412
Pretax income417-125-1,305703-103
Income tax44552131
Net income attributable to owners19-295-1,700400-46
Operating margin-7.4%0.3%-47.1%3.4%-19.5%

Balance sheet (reported items)

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

Assets

Cash 12%
Property, plant and equipment 53%
8%
1%
Other assets 26%

Funding

Interest-bearing debt 48%
6%
Equity 46%

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

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥2.4B¥1.76B¥1.4B¥3.05B¥2.44B
Total assets¥20.2B¥18.8B¥16.8B¥15.4B¥21B
Net assets¥9.44B¥9.1B¥6.13B¥7.16B¥9.63B
Share capital¥5.43B¥5.43B¥5.43B¥100M¥489M
Property, plant and equipment¥4.15B¥5.43B¥5.98B¥4.51B¥11.1B
Intangible assets excluding goodwill¥1.33B¥1.25B¥1.33B¥717M¥1.22B
Goodwill———¥0¥583M
Investment securities¥59M¥61M¥75M¥117M¥150M
Current assets¥14.3B¥11.6B¥8.95B¥9.88B¥8.41B
Current liabilities¥1.5B¥812M¥1.33B¥1.35B¥1.04B
Short-term borrowings¥654M¥555M¥901M¥888M¥688M
Long-term borrowings¥8.68B¥8.26B¥8.76B¥6.37B¥9.28B
Bonds¥177M¥170M¥162M¥153M¥244M
Interest-bearing debt¥9.51Bderived¥8.98Bderived¥9.82Bderived¥7.41Bderived¥10.2Bderived
Total liabilities¥10.8B¥9.67B¥10.7B¥8.26B¥11.4B
Non-controlling interests¥1.65B¥1.49B¥560M¥341M¥2.09B
Equity attributable to owners of parent¥7.02B¥6.84B¥5.13B¥6.63B¥7.36B
Retained earnings-¥1.57B-¥1.87B-¥3.58B¥265M¥219M
Treasury stock-¥353M-¥353M-¥353M-¥152M-¥152M

Sources

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

    有価証券報告書-第45期(2025/04/01-2026/03/31)

    ID S100YMG42026-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第44期(2024/04/01-2025/03/31)

    ID S100W4112025-06-25Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第43期(2023/04/01-2024/03/31)

    ID S100U8DW2024-08-14Open
  • EDINET (FSA Japan)

    有価証券報告書-第42期(2022/04/01-2023/03/31)

    ID S100R9302023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第41期(令和3年4月1日-令和4年3月31日)

    ID S100OKYP2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第40期(令和2年4月1日-令和3年3月31日)

    ID S100LRTP2021-06-28Open

Extracted from XBRL: 47 / Derived from other figures: 1

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