Vizora日本語

JM HoldingsJM HOLDINGS CO.,LTD.3539東証プライム小売業FY ending Jul 2025, consolidated, J-GAAP

JM Holdings revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed +8.1% from the prior year, operating profit +9.8%.

Five-year trend

Revenue¥186.2B
FY ending Jul 2021: ¥129.8B¥129.8BFY ending Jul 2022: ¥140.8B¥140.8BFY ending Jul 2023: ¥154.8B¥154.8BFY ending Jul 2024: ¥172.3B¥172.3BFY ending Jul 2025: ¥186.2B¥186.2BFY21FY22FY23FY24FY25
Operating income¥10B
FY ending Jul 2021: ¥6.58B¥6.58BFY ending Jul 2022: ¥6.67B¥6.67BFY ending Jul 2023: ¥7.24B¥7.24BFY ending Jul 2024: ¥9.15B¥9.15BFY ending Jul 2025: ¥10B¥10BFY21FY22FY23FY24FY25
Operating margin5.4%
FY ending Jul 2021: 5.1%5.1%FY ending Jul 2022: 4.7%4.7%FY ending Jul 2023: 4.7%4.7%FY ending Jul 2024: 5.3%5.3%FY ending Jul 2025: 5.4%5.4%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin3.5%
Asset turnover2.58×
ROA9.0%
ROA9.0%
Financial leverage1.63×
ROE14.6%

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

Net margin3.5%
2021: 3.3%3.3%2022: 3.0%3.0%2023: 2.9%2.9%2024: 3.2%3.2%2025: 3.5%3.5%2122232425
Asset turnover2.58×
2021: 2.34×2.34×2022: 2.47×2.47×2023: 2.49×2.49×2024: 2.52×2.52×2025: 2.58×2.58×2122232425
ROA9.0%
2021: 7.7%7.7%2022: 7.5%7.5%2023: 7.1%7.1%2024: 8.0%8.0%2025: 9.0%9.0%2122232425
Financial leverage1.63×
2021: 1.73×1.73×2022: 1.69×1.69×2023: 1.67×1.67×2024: 1.67×1.67×2025: 1.63×1.63×2122232425
ROE14.6%
2021: 13.2%13.2%2022: 12.6%12.6%2023: 11.9%11.9%2024: 13.3%13.3%2025: 14.6%14.6%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20213.3%2.34×7.7%1.73×13.2%
20223.0%2.47×7.5%1.69×12.6%
20232.9%2.49×7.1%1.67×11.9%
20243.2%2.52×8.0%1.67×13.3%
20253.5%2.58×9.0%1.63×14.6%

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 ÷ revenue14.3%
2020: 10.2%10.2%2021: 12.7%12.7%2022: 13.6%13.6%2023: 15.0%15.0%2024: 14.2%14.2%2025: 14.3%14.3%202122232425
PPE ÷ total assets36.7%
2020: 26.4%26.4%2021: 29.7%29.7%2022: 32.5%32.5%2023: 35.4%35.4%2024: 34.4%34.4%2025: 36.7%36.7%202122232425
Goodwill ÷ parent equity2.9%
2020: 7.2%7.2%2021: 5.1%5.1%2022: 3.3%3.3%2023: 4.5%4.5%2024: 3.4%3.4%2025: 2.9%2.9%202122232425
Goodwill balance¥1.28B
2020: ¥2.06B¥2.06B2021: ¥1.62B¥1.62B2022: ¥1.18B¥1.18B2023: ¥1.76B¥1.76B2024: ¥1.49B¥1.49B2025: ¥1.28B¥1.28B202122232425

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.

Inventory days27d
2020: 19d19d2021: 21d21d2022: 21d21d2023: 24d24d2024: 23d23d2025: 27d27d202122232425

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 Jul 2021FY ending Jul 2022FY ending Jul 2023FY ending Jul 2024FY ending Jul 2025
Revenue129,823140,845154,815172,331186,207
Cost of revenue92,924101,506110,810123,122132,767
Gross profit36,89939,33944,00549,20953,440
SG&A30,32332,66336,76240,06043,391
Operating income6,5756,6757,2429,14910,048
Pretax income6,7796,9637,3568,7019,866
Income tax2,4942,6572,8993,2143,376
Net income attributable to owners4,2464,2664,4165,4656,457
Operating margin5.1%4.7%4.7%5.3%5.4%

Balance sheet (reported items)

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

Assets

Cash 17%
Inventories 14%
Property, plant and equipment 37%
5%
1%
Other assets 26%

Funding

Other liabilities 38%
Equity 62%

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

ItemFY ending Jul 2021FY ending Jul 2022FY ending Jul 2023FY ending Jul 2024FY ending Jul 2025
Cash and equivalents¥15.2B¥15.6B¥15.8B¥17.9B¥12.4B
Total assets¥55.4B¥58.9B¥65.6B¥71.4B¥72.7B
Net assets¥32.3B¥35.9B¥39.4B¥43.8B¥45.3B
Share capital¥2.23B¥2.23B¥2.23B¥2.23B¥2.23B
Inventories¥5.27B¥5.95B¥7.26B¥7.63B¥9.84B
Property, plant and equipment¥16.5B¥19.2B¥23.2B¥24.5B¥26.7B
Intangible assets excluding goodwill¥1.93B¥1.53B¥2.62B¥2.27B¥2.61B
Goodwill¥1.62B¥1.18B¥1.76B¥1.49B¥1.28B
Investment securities¥465M¥1.06B¥1.04B¥1.2B¥1.02B
Current assets¥30.8B¥31.2B¥31.8B¥36B¥34.9B
Current liabilities¥19.4B¥20B¥19B¥21.1B¥20.7B
Short-term borrowings¥3.15B¥3.94B¥3.54B¥3.75B¥3.55B
Long-term borrowings¥1.25B¥616M¥4.32B¥3.63B¥3.33B
Total liabilities¥23B¥23B¥26.2B¥27.6B¥27.4B
Non-controlling interests¥131M¥198M¥385M¥185M¥217M
Equity attributable to owners of parent¥32.1B¥35.5B¥38.9B¥43.3B¥44.9B
Retained earnings¥27.5B¥30.9B¥34.3B¥38.7B¥40.3B
Treasury stock¥0¥0¥0-¥1M-¥1M

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第47期(2024/08/01－2025/07/31)

    ID S100WWAM2025-10-30Open

  • EDINET (FSA Japan)

    有価証券報告書－第46期(2023/08/01－2024/07/31)

    ID S100UI862024-10-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第45期(2022/08/01－2023/07/31)

    ID S100S3L82023-10-31Open

  • EDINET (FSA Japan)

    有価証券報告書－第44期(令和3年8月1日－令和4年7月31日)

    ID S100PDWA2022-10-25Open

  • EDINET (FSA Japan)

    有価証券報告書

    ID S100MM3H2021-10-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第42期(令和1年8月1日－令和2年7月31日)

    ID S100JXU52020-10-20Open

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

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.

Open MarkdownShare on XSave image