Japan System TechniquesJapan System Techniques Co.,Ltd.4323東証プライム情報・通信業FY ending Mar 2026, consolidated, J-GAAP

Japan System Techniques revenue and profit

Out of every ¥100 of sales, about ¥12 is left as operating profit. Revenue changed +10.7% from the prior year, operating profit +22.7%.

Five-year trend

Revenue¥32.5B
FY ending Mar 2022: ¥21.4B¥21.4BFY ending Mar 2023: ¥23.5B¥23.5BFY ending Mar 2024: ¥26.2B¥26.2BFY ending Mar 2025: ¥29.3B¥29.3BFY ending Mar 2026: ¥32.5B¥32.5BFY22FY23FY24FY25FY26
Operating income¥3.91B
FY ending Mar 2022: ¥2B¥2BFY ending Mar 2023: ¥2.39B¥2.39BFY ending Mar 2024: ¥2.79B¥2.79BFY ending Mar 2025: ¥3.19B¥3.19BFY ending Mar 2026: ¥3.91B¥3.91BFY22FY23FY24FY25FY26
Operating margin12.0%
FY ending Mar 2022: 9.3%9.3%FY ending Mar 2023: 10.1%10.1%FY ending Mar 2024: 10.7%10.7%FY ending Mar 2025: 10.9%10.9%FY ending Mar 2026: 12.0%12.0%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin8.1%
Asset turnover1.35×
ROA10.9%
ROA10.9%
Financial leverage1.61×
ROE17.5%

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

Net margin8.1%
2022: 6.2%6.2%2023: 7.5%7.5%2024: 8.0%8.0%2025: 8.3%8.3%2026: 8.1%8.1%2223242526
Asset turnover1.35×
2022: 1.38×1.38×2023: 1.43×1.43×2024: 1.40×1.40×2025: 1.37×1.37×2026: 1.35×1.35×2223242526
ROA10.9%
2022: 8.6%8.6%2023: 10.8%10.8%2024: 11.1%11.1%2025: 11.4%11.4%2026: 10.9%10.9%2223242526
Financial leverage1.61×
2022: 1.74×1.74×2023: 1.70×1.70×2024: 1.66×1.66×2025: 1.63×1.63×2026: 1.61×1.61×2223242526
ROE17.5%
2022: 14.9%14.9%2023: 18.3%18.3%2024: 18.5%18.5%2025: 18.6%18.6%2026: 17.5%17.5%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20226.2%1.38×8.6%1.74×14.9%
20237.5%1.43×10.8%1.70×18.3%
20248.0%1.40×11.1%1.66×18.5%
20258.3%1.37×11.4%1.63×18.6%
20268.1%1.35×10.9%1.61×17.5%

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 ÷ revenue3.3%
2021: 2.9%2.9%2022: 2.6%2.6%2023: 2.7%2.7%2024: 4.1%4.1%2025: 3.7%3.7%2026: 3.3%3.3%212223242526
PPE ÷ total assets4.3%
2021: 4.2%4.2%2022: 3.5%3.5%2023: 3.6%3.6%2024: 5.3%5.3%2025: 4.8%4.8%2026: 4.3%4.3%212223242526
Goodwill ÷ parent equity1.0%
2021: 2.7%2.7%2022: 1.2%1.2%2023: 0.8%0.8%2024: 2.2%2.2%2025: 1.6%1.6%2026: 1.0%1.0%212223242526
Goodwill balance¥160.4M
2021: ¥175.7M¥175.7M2022: ¥102.8M¥102.8M2023: ¥88.5M¥88.5M2024: ¥267M¥267M2025: ¥229.1M¥229.1M2026: ¥160.4M¥160.4M212223242526

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¥589M
2021: ¥399M¥399M2022: ¥436M¥436M2023: ¥469M¥469M2024: ¥353.1B¥353.1B2025: ¥553M¥553M2026: ¥589M¥589M212223242526
R&D / revenue1.8%
2021: 2.1%2.1%2022: 2.0%2.0%2023: 2.0%2.0%2024: 1348.7%1348.7%2025: 1.9%1.9%2026: 1.8%1.8%212223242526
Receivable days—
2021: 77d77d212223242526
Payable days25d
2021: 26d26d2022: 32d32d2023: 32d32d2024: 28d28d2025: 26d26d2026: 25d25d212223242526

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
Revenue21,40023,52026,18429,32532,459
Cost of revenue15,71217,14418,91521,05322,899
Gross profit5,6886,3767,2688,2729,560
SG&A3,6883,9904,4775,0845,649
Operating income2,0012,3862,7913,1883,911
Pretax income1,9652,4502,8613,2643,695
Income tax6336727708121,061
Net income attributable to owners1,3311,7722,0872,4432,622
Operating margin9.3%10.1%10.7%10.9%12.0%

Balance sheet (reported items)

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

Assets

Cash 35%
4%
2%
7%
Other assets 52%

Funding

6%
Other liabilities 27%
Equity 67%

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¥6.46B¥6.79B¥7.52B¥6.74B¥8.81B
Total assets¥15.5B¥17.4B¥20B¥22.9B¥25.3B
Net assets¥9.19B¥10.8B¥12.7B¥14.8B¥16.8B
Share capital¥1.54B¥1.54B¥1.54B¥1.54B¥1.54B
Property, plant and equipment¥546.6M¥632M¥1.07B¥1.09B¥1.08B
Intangible assets excluding goodwill¥274.4M¥242.6M¥490.9M¥585.7M¥454.7M
Goodwill¥102.8M¥88.5M¥267M¥229.1M¥160.4M
Investment securities¥542.5M¥612.8M¥647.6M¥1.67B¥1.7B
Current assets¥12.4B¥14.2B¥15.7B¥16.6B¥18.9B
Current liabilities¥4.62B¥4.7B¥5.22B¥6.06B¥6.2B
Trade payables¥1.38B¥1.5B¥1.43B¥1.51B¥1.58B
Short-term borrowings¥8.5M——¥2.2M—
Long-term borrowings——¥66M¥54.9M¥43.8M
Total liabilities¥6.35B¥6.6B¥7.31B¥8.08B¥8.47B
Non-controlling interests¥34.6M¥47.5M¥53.5M¥65.9M¥78.3M
Equity attributable to owners of parent¥8.93B¥10.5B¥12.1B¥14.1B¥15.8B
Retained earnings¥5.87B¥7.39B¥9.08B¥11B¥12.6B
Treasury stock-¥175.3M-¥175.7M-¥175.9M-¥60.2M-¥101.5M

Sources

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

    訂正有価証券報告書-第54期(2025/04/01-2026/03/31)

    ID S100YOCW2026-07-03Open
  • EDINET (FSA Japan)

    有価証券報告書-第53期(2024/04/01-2025/03/31)

    ID S100W4ZM2025-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第52期(2023/04/01-2024/03/31)

    ID S100TQ3R2024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第51期(2022/04/01-2023/03/31)

    ID S100R5Y82023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第50期(令和3年4月1日-令和4年3月31日)

    ID S100O9T82022-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第49期(令和2年4月1日-令和3年3月31日)

    ID S100LRQL2021-06-28Open

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

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