JapaniaceJapaniace Co.,Ltd.9558東証グロースサービス業FY ending Nov 2025, non-consolidated, J-GAAP

Japaniace revenue and profit

Out of every ¥100 of sales, about ¥8 is left as operating profit. Revenue changed +7.8% from the prior year, operating profit +3.9%.

Five-year trend

Revenue¥12.1B
FY ending Nov 2021: ¥7.24B¥7.24BFY ending Nov 2022: ¥8.32B¥8.32BFY ending Nov 2023: ¥9.89B¥9.89BFY ending Nov 2024: ¥11.2B¥11.2BFY ending Nov 2025: ¥12.1B¥12.1BFY21FY22FY23FY24FY25
Operating income¥982.7M
FY ending Nov 2021: ¥341.8M¥341.8MFY ending Nov 2022: ¥611.4M¥611.4MFY ending Nov 2023: ¥836.9M¥836.9MFY ending Nov 2024: ¥945.9M¥945.9MFY ending Nov 2025: ¥982.7M¥982.7MFY21FY22FY23FY24FY25
Operating margin8.1%
FY ending Nov 2021: 4.7%4.7%FY ending Nov 2022: 7.3%7.3%FY ending Nov 2023: 8.5%8.5%FY ending Nov 2024: 8.4%8.4%FY ending Nov 2025: 8.1%8.1%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin6.3%
Asset turnover2.25×
ROA14.3%
ROA14.3%
Financial leverage1.68×
ROE24.0%

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

Net margin6.3%
2021: 3.8%3.8%2022: 5.3%5.3%2023: 6.2%6.2%2024: 6.4%6.4%2025: 6.3%6.3%2122232425
Asset turnover2.25×
2021: 2.29×2.29×2022: 2.34×2.34×2023: 2.32×2.32×2024: 2.35×2.35×2025: 2.25×2.25×2122232425
ROA14.3%
2021: 8.7%8.7%2022: 12.5%12.5%2023: 14.5%14.5%2024: 15.2%15.2%2025: 14.3%14.3%2122232425
Financial leverage1.68×
2021: 1.62×1.62×2022: 1.61×1.61×2023: 1.61×1.61×2024: 1.63×1.63×2025: 1.68×1.68×2122232425
ROE24.0%
2021: 14.1%14.1%2022: 20.1%20.1%2023: 23.2%23.2%2024: 24.7%24.7%2025: 24.0%24.0%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20213.8%2.29×8.7%1.62×14.1%
20225.3%2.34×12.5%1.61×20.1%
20236.2%2.32×14.5%1.61×23.2%
20246.4%2.35×15.2%1.63×24.7%
20256.3%2.25×14.3%1.68×24.0%

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 ÷ revenue0.6%
2021: 0.7%0.7%2022: 0.6%0.6%2023: 0.6%0.6%2024: 0.5%0.5%2025: 0.6%0.6%2122232425
PPE ÷ total assets1.2%
2021: 1.7%1.7%2022: 1.2%1.2%2023: 1.3%1.3%2024: 1.2%1.2%2025: 1.2%1.2%2122232425

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 Nov 2021FY ending Nov 2022FY ending Nov 2023FY ending Nov 2024FY ending Nov 2025
Revenue7,2448,3259,88511,21112,085
Cost of revenue5,5346,2917,3428,3139,185
Gross profit1,7102,0342,5432,8992,900
SG&A1,3681,4221,7061,9531,917
Operating income342611837946983
Pretax income3986148731,0231,078
Income tax122172257300313
Net income attributable to owners276442616723765
Operating margin4.7%7.3%8.5%8.4%8.1%

Balance sheet (reported items)

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

Assets

Cash 64%
1%
0%
1%
Other assets 34%

Funding

Other liabilities 42%
Equity 58%

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

ItemFY ending Nov 2021FY ending Nov 2022FY ending Nov 2023FY ending Nov 2024FY ending Nov 2025
Cash and equivalents¥1.72B¥2.36B¥2.68B¥3B¥3.69B
Total assets¥3.16B¥3.94B¥4.59B¥4.95B¥5.79B
Net assets¥1.96B¥2.45B¥2.86B¥3B¥3.38B
Share capital¥20M¥20M¥20M¥22.4M¥23.2M
Property, plant and equipment¥53M¥48M¥60.8M¥57M¥66.7M
Intangible assets excluding goodwill¥12.4M¥8.6M¥5.4M¥15.3M¥11M
Investment securities——¥10M¥20M¥30M
Current assets¥2.87B¥3.63B¥4.23B¥4.57B¥5.36B
Current liabilities¥997M¥1.27B¥1.52B¥1.74B¥2.19B
Short-term borrowings————¥300M
Total liabilities¥1.2B¥1.49B¥1.73B¥1.95B¥2.41B
Equity attributable to owners of parent¥1.96B¥2.45B¥2.86B¥3B¥3.38B
Retained earnings¥2.06B¥2.36B¥2.76B¥2.99B¥3.37B
Treasury stock-¥122.7M-¥20.5M-¥8.8M-¥102M-¥102M

Sources

Show source documents (4)
  • EDINET (FSA Japan)

    有価証券報告書-第26期(2024/12/01-2025/11/30)

    ID S100XN612026-02-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第25期(2023/12/01-2024/11/30)

    ID S100VAQ12025-02-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第24期(2022/12/01-2023/11/30)

    ID S100SYOA2024-02-27Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第23期(2021/12/01-2022/11/30)

    ID S100QBE52023-02-28Open

Extracted from XBRL: 45 / Derived from other figures: 1

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