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Japan LifelineJapan Lifeline Co., Ltd.7575東証プライム卸売業FY ending Mar 2026, consolidated, J-GAAP

Japan Lifeline revenue and profit

Out of every ¥100 of sales, about ¥21 is left as operating profit. Revenue changed +4.6% from the prior year, operating profit +2.3%.

Five-year trend

Revenue¥59.2B
FY ending Mar 2022: ¥51.5B¥51.5BFY ending Mar 2023: ¥51.8B¥51.8BFY ending Mar 2024: ¥51.4B¥51.4BFY ending Mar 2025: ¥56.6B¥56.6BFY ending Mar 2026: ¥59.2B¥59.2BFY22FY23FY24FY25FY26
Operating income¥12.6B
FY ending Mar 2022: ¥9.97B¥9.97BFY ending Mar 2023: ¥10.8B¥10.8BFY ending Mar 2024: ¥10.9B¥10.9BFY ending Mar 2025: ¥12.3B¥12.3BFY ending Mar 2026: ¥12.6B¥12.6BFY22FY23FY24FY25FY26
Operating margin21.3%
FY ending Mar 2022: 19.4%19.4%FY ending Mar 2023: 20.9%20.9%FY ending Mar 2024: 21.2%21.2%FY ending Mar 2025: 21.8%21.8%FY ending Mar 2026: 21.3%21.3%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin15.8%
Asset turnover0.76×
ROA12.0%
ROA12.0%
Financial leverage1.26×
ROE15.2%

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

Net margin15.8%
2022: 14.5%14.5%2023: 13.3%13.3%2024: 14.6%14.6%2025: 16.5%16.5%2026: 15.8%15.8%2223242526
Asset turnover0.76×
2022: 0.70×0.70×2023: 0.70×0.70×2024: 0.69×0.69×2025: 0.76×0.76×2026: 0.76×0.76×2223242526
ROA12.0%
2022: 10.2%10.2%2023: 9.3%9.3%2024: 10.1%10.1%2025: 12.5%12.5%2026: 12.0%12.0%2223242526
Financial leverage1.26×
2022: 1.35×1.35×2023: 1.34×1.34×2024: 1.30×1.30×2025: 1.28×1.28×2026: 1.26×1.26×2223242526
ROE15.2%
2022: 13.8%13.8%2023: 12.5%12.5%2024: 13.2%13.2%2025: 16.0%16.0%2026: 15.2%15.2%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202214.5%0.70×10.2%1.35×13.8%
202313.3%0.70×9.3%1.34×12.5%
202414.6%0.69×10.1%1.30×13.2%
202516.5%0.76×12.5%1.28×16.0%
202615.8%0.76×12.0%1.26×15.2%

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 ÷ revenue23.5%
2021: 25.6%25.6%2022: 25.1%25.1%2023: 24.1%24.1%2024: 26.1%26.1%2025: 23.5%23.5%2026: 23.5%23.5%212223242526
PPE ÷ total assets17.3%
2021: 18.0%18.0%2022: 17.6%17.6%2023: 16.7%16.7%2024: 18.3%18.3%2025: 17.7%17.7%2026: 17.3%17.3%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¥3.1B
2021: ¥1.67B¥1.67B2022: ¥2.16B¥2.16B2023: ¥2.32B¥2.32B2024: ¥2.37B¥2.37B2025: ¥2.85B¥2.85B2026: ¥3.1B¥3.1B212223242526
R&D / revenue5.2%
2021: 3.3%3.3%2022: 4.2%4.2%2023: 4.5%4.5%2024: 4.6%4.6%2025: 5.0%5.0%2026: 5.2%5.2%212223242526
Cash conversion cycle328d
2021: 305d305d2022: 275d275d2023: 255d255d2024: 289d289d2025: 311d311d2026: 328d328d212223242526
Receivable days90d
2021: 94d94d2022: 88d88d2023: 93d93d2024: 94d94d2025: 89d89d2026: 90d90d212223242526
Inventory days306d
2021: 258d258d2022: 239d239d2023: 219d219d2024: 271d271d2025: 292d292d2026: 306d306d212223242526
Payable days67d
2021: 46d46d2022: 53d53d2023: 57d57d2024: 76d76d2025: 71d71d2026: 67d67d212223242526

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
Revenue51,46951,75051,38456,61059,187
Cost of revenue22,63421,85520,39722,41924,013
Gross profit28,83529,89530,98634,19135,174
SG&A18,86119,05720,09421,86422,567
Operating income9,97310,83710,89212,32612,606
Pretax income10,0419,78910,57512,02412,377
Income tax2,5562,8973,0602,7073,027
Net income attributable to owners7,4846,8917,5159,3179,350
Operating margin19.4%20.9%21.2%21.8%21.3%

Balance sheet (reported items)

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

Assets

Cash 16%
Receivables 18%
Inventories 25%
Property, plant and equipment 17%
2%
Investment securities 9%
Other assets 13%

Funding

6%
Other liabilities 12%
Equity 82%

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¥16.1B¥18.4B¥12.7B¥11B¥12.5B
Total assets¥73.2B¥74.6B¥73.5B¥75.1B¥80.2B
Net assets¥54.6B¥56.2B¥58.1B¥59.9B¥65.9B
Share capital¥2.12B¥2.12B¥2.12B¥2.12B¥2.12B
Trade receivables¥12.4B¥13.2B¥13.3B¥13.8B¥14.6B
Inventories¥14.8B¥13.1B¥15.2B¥18B¥20.1B
Property, plant and equipment¥12.9B¥12.5B¥13.4B¥13.3B¥13.9B
Intangible assets excluding goodwill¥1.47B¥2.41B¥2.29B¥1.91B¥1.56B
Investment securities¥6.85B¥5.5B¥7.6B¥7.37B¥7.35B
Current assets¥45.2B¥47.1B¥42.9B¥44.3B¥49B
Current liabilities¥14.2B¥14.4B¥14.2B¥14.3B¥13.6B
Trade payables¥3.29B¥3.43B¥4.25B¥4.36B¥4.43B
Short-term borrowings¥5.3B¥5B¥3.5B¥3.5B¥2.9B
Long-term borrowings¥1.1B¥536M¥120M——
Total liabilities¥18.6B¥18.4B¥15.4B¥15.2B¥14.3B
Equity attributable to owners of parent¥54.4B¥56.3B¥57.5B¥58.7B¥64.4B
Retained earnings¥38.9B¥42.7B¥47.3B¥53.5B¥59.1B
Treasury stock-¥1.5B-¥2.37B-¥756M-¥5.78B-¥1.21B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第46期(2025/04/01－2026/03/31)

    ID S100YEH72026-06-19Open

  • EDINET (FSA Japan)

    有価証券報告書－第45期(2024/04/01－2025/03/31)

    ID S100VZ762025-06-19Open

  • EDINET (FSA Japan)

    有価証券報告書－第44期(2023/04/01－2024/03/31)

    ID S100TNIA2024-06-19Open

  • EDINET (FSA Japan)

    有価証券報告書－第43期(2022/04/01－2023/03/31)

    ID S100R5NM2023-06-28Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第42期(令和3年4月1日－令和4年3月31日)

    ID S100PBSV2022-10-12Open

  • EDINET (FSA Japan)

    有価証券報告書－第41期(令和2年4月1日－令和3年3月31日)

    ID S100LQN62021-06-25Open

Extracted from XBRL: 52 / Derived from other figures: 1

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