Japan CommunicationsJapan Communications Inc.9424東証プライム情報・通信業FY ending Mar 2026, consolidated, J-GAAP

Japan Communications revenue and profit

Out of every ¥100 of sales, about ¥10 is left as operating profit. Revenue changed +25.9% from the prior year, operating profit +17.8%.

Five-year trend

Revenue¥11.6B
FY ending Mar 2022: ¥4.63B¥4.63BFY ending Mar 2023: ¥6.07B¥6.07BFY ending Mar 2024: ¥7.4B¥7.4BFY ending Mar 2025: ¥9.24B¥9.24BFY ending Mar 2026: ¥11.6B¥11.6BFY22FY23FY24FY25FY26
Operating income¥1.13B
FY ending Mar 2022: ¥279.5M¥279.5MFY ending Mar 2023: ¥740.9M¥740.9MFY ending Mar 2024: ¥1.14B¥1.14BFY ending Mar 2025: ¥962.5M¥962.5MFY ending Mar 2026: ¥1.13B¥1.13BFY22FY23FY24FY25FY26
Operating margin9.7%
FY ending Mar 2022: 6.0%6.0%FY ending Mar 2023: 12.2%12.2%FY ending Mar 2024: 15.4%15.4%FY ending Mar 2025: 10.4%10.4%FY ending Mar 2026: 9.7%9.7%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin6.6%
Asset turnover1.20×
ROA7.9%
ROA7.9%
Financial leverage2.40×
ROE19.0%

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

Net margin6.6%
2022: 6.3%6.3%2023: 11.4%11.4%2024: 18.4%18.4%2025: 9.2%9.2%2026: 6.6%6.6%2223242526
Asset turnover1.20×
2022: 2.38×2.38×2023: 2.44×2.44×2024: 1.99×1.99×2025: 1.57×1.57×2026: 1.20×1.20×2223242526
ROA7.9%
2022: 15.1%15.1%2023: 27.7%27.7%2024: 36.7%36.7%2025: 14.5%14.5%2026: 7.9%7.9%2223242526
Financial leverage2.40×
2022: 3.70×3.70×2023: 2.75×2.75×2024: 1.88×1.88×2025: 1.86×1.86×2026: 2.40×2.40×2223242526
ROE19.0%
2022: 55.9%55.9%2023: 76.2%76.2%2024: 68.9%68.9%2025: 26.9%26.9%2026: 19.0%19.0%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20226.3%2.38×15.1%3.70×55.9%
202311.4%2.44×27.7%2.75×76.2%
202418.4%1.99×36.7%1.88×68.9%
20259.2%1.57×14.5%1.86×26.9%
20266.6%1.20×7.9%2.40×19.0%

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 ÷ revenue4.6%
2021: 2.4%2.4%2022: 2.6%2.6%2023: 2.4%2.4%2024: 3.1%3.1%2025: 4.0%4.0%2026: 4.6%4.6%212223242526
PPE ÷ total assets4.4%
2021: 4.6%4.6%2022: 6.3%6.3%2023: 4.7%4.7%2024: 5.2%5.2%2025: 5.0%5.0%2026: 4.4%4.4%212223242526

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¥219.2M
2021: ¥137.7M¥137.7M2022: ¥144.8M¥144.8M2023: ¥133.4M¥133.4M2024: ¥193.7M¥193.7M2025: ¥155.6M¥155.6M2026: ¥219.2M¥219.2M212223242526
R&D / revenue1.9%
2021: 3.9%3.9%2022: 3.1%3.1%2023: 2.2%2.2%2024: 2.6%2.6%2025: 1.7%1.7%2026: 1.9%1.9%212223242526

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 Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue4,6346,0757,4019,23911,634
Cost of revenue2,7823,4554,1385,3967,220
Gross profit1,8522,6193,2623,8434,414
SG&A1,5731,8782,1232,8803,280
Operating income2807411,1399621,134
Pretax income2997801,547965862
Income tax30119224158209
Net income attributable to owners2946911,365849764
Operating margin6.0%12.2%15.4%10.4%9.7%

Balance sheet (reported items)

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

Assets

Cash 59%
4%
Intangibles and goodwill 19%
2%
Other assets 16%

Funding

Other liabilities 61%
Equity 39%
0%

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¥928.7M¥1.58B¥2.52B¥4.3B¥7.11B
Total assets¥1.94B¥3.04B¥4.41B¥7.34B¥12B
Net assets¥785.2M¥1.53B¥2.98B¥3.87B¥4.64B
Share capital¥4.53B¥535.8M¥545.7M¥600.4M¥653.9M
Property, plant and equipment¥121.8M¥144.4M¥231.1M¥369.5M¥532M
Intangible assets excluding goodwill¥205.9M¥282M¥334.8M¥815M¥2.24B
Investment securities¥63.3M¥128.6M¥149.8M¥166.3M¥191M
Current assets¥1.41B¥2.31B¥3.55B¥5.51B¥8.45B
Current liabilities¥1.11B¥1.43B¥1.3B¥1.67B¥2.44B
Bonds———¥1.71B¥4.86B
Total liabilities¥1.16B¥1.51B¥1.43B¥3.47B¥7.35B
Non-controlling interests¥64.8M¥35.6M¥94.7M¥52M¥21.4M
Equity attributable to owners of parent¥525.7M¥1.29B¥2.67B¥3.63B¥4.42B
Retained earnings-¥6.98B¥530.3M¥1.9B¥2.75B¥3.51B
Treasury stock-¥2.2M-¥2.2M-¥2.2M-¥2.2M-¥2.2M

Sources

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

    有価証券報告書-第30期(2025/04/01-2026/03/31)

    ID S100YBU32026-06-18Open
  • EDINET (FSA Japan)

    有価証券報告書-第29期(2024/04/01-2025/03/31)

    ID S100W51C2025-06-26Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第28期(2023/04/01-2024/03/31)

    ID S100U02S2024-07-05Open
  • EDINET (FSA Japan)

    有価証券報告書-第27期(2022/04/01-2023/03/31)

    ID S100R42I2023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第26期(令和3年4月1日-令和4年3月31日)

    ID S100OE3I2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第25期(令和2年4月1日-令和3年3月31日)

    ID S100LQG32021-06-28Open

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

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