JustsystemsJUSTSYSTEMS CORPORATION4686東証プライム情報・通信業FY ending Mar 2026, consolidated, J-GAAP

Justsystems revenue and profit

Out of every ¥100 of sales, about ¥44 is left as operating profit. Revenue changed +15.6% from the prior year, operating profit +24.7%.

Five-year trend

Revenue¥51.5B
FY ending Mar 2022: ¥41.7B¥41.7BFY ending Mar 2023: ¥42B¥42BFY ending Mar 2024: ¥41B¥41BFY ending Mar 2025: ¥44.6B¥44.6BFY ending Mar 2026: ¥51.5B¥51.5BFY22FY23FY24FY25FY26
Operating income¥22.5B
FY ending Mar 2022: ¥17.2B¥17.2BFY ending Mar 2023: ¥19B¥19BFY ending Mar 2024: ¥17B¥17BFY ending Mar 2025: ¥18B¥18BFY ending Mar 2026: ¥22.5B¥22.5BFY22FY23FY24FY25FY26
Operating margin43.7%
FY ending Mar 2022: 41.2%41.2%FY ending Mar 2023: 45.4%45.4%FY ending Mar 2024: 41.6%41.6%FY ending Mar 2025: 40.5%40.5%FY ending Mar 2026: 43.7%43.7%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin29.3%
Asset turnover0.40×
ROA11.7%
ROA11.7%
Financial leverage1.15×
ROE13.5%

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

Net margin29.3%
2022: 29.2%29.2%2023: 31.9%31.9%2024: 28.4%28.4%2025: 27.7%27.7%2026: 29.3%29.3%2223242526
Asset turnover0.40×
2022: 0.48×0.48×2023: 0.45×0.45×2024: 0.39×0.39×2025: 0.39×0.39×2026: 0.40×0.40×2223242526
ROA11.7%
2022: 14.1%14.1%2023: 14.4%14.4%2024: 11.2%11.2%2025: 10.7%10.7%2026: 11.7%11.7%2223242526
Financial leverage1.15×
2022: 1.21×1.21×2023: 1.20×1.20×2024: 1.17×1.17×2025: 1.16×1.16×2026: 1.15×1.15×2223242526
ROE13.5%
2022: 17.0%17.0%2023: 17.3%17.3%2024: 13.1%13.1%2025: 12.4%12.4%2026: 13.5%13.5%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202229.2%0.48×14.1%1.21×17.0%
202331.9%0.45×14.4%1.20×17.3%
202428.4%0.39×11.2%1.17×13.1%
202527.7%0.39×10.7%1.16×12.4%
202629.3%0.40×11.7%1.15×13.5%

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 ÷ revenue12.0%
2021: 15.0%15.0%2022: 14.5%14.5%2023: 14.1%14.1%2024: 14.2%14.2%2025: 12.9%12.9%2026: 12.0%12.0%212223242526
PPE ÷ total assets4.5%
2021: 8.2%8.2%2022: 7.0%7.0%2023: 5.9%5.9%2024: 5.3%5.3%2025: 4.7%4.7%2026: 4.5%4.5%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¥465M
2021: ¥1.26B¥1.26B2022: ¥1.02B¥1.02B2023: ¥1.28B¥1.28B2024: ¥657M¥657M2025: ¥487M¥487M2026: ¥465M¥465M212223242526
R&D / revenue0.9%
2021: 3.1%3.1%2022: 2.5%2.5%2023: 3.0%3.0%2024: 1.6%1.6%2025: 1.1%1.1%2026: 0.9%0.9%212223242526
Receivable days22d
2021: 27d27d2022: 22d22d2023: 24d24d2024: 23d23d2025: 23d23d2026: 22d22d212223242526

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
Revenue41,67641,95040,98544,55151,515
Cost of revenue9,7998,7778,5579,77910,240
Gross profit31,87733,17332,42734,77241,275
SG&A14,71114,13815,38516,73718,783
Operating income17,16619,03417,04118,03422,492
Pretax income17,31919,21817,39918,15921,812
Income tax5,1535,8175,7625,8316,719
Net income attributable to owners12,16513,40111,63612,32715,092
Operating margin41.2%45.4%41.6%40.5%43.7%

Balance sheet (reported items)

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

Assets

Cash 48%
2%
4%
3%
0%
Other assets 43%

Funding

Other liabilities 13%
Equity 87%

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¥58.5B¥70.5B¥74.1B¥60.6B¥64.9B
Total assets¥86.2B¥99.5B¥109.1B¥121B¥136.4B
Net assets¥71.3B¥83.7B¥94B¥105B¥118.7B
Share capital¥10.1B¥10.1B¥10.1B¥10.1B¥10.1B
Trade receivables¥2.54B¥2.72B¥2.61B¥2.83B¥3.07B
Property, plant and equipment¥6.03B¥5.91B¥5.82B¥5.74B¥6.18B
Intangible assets excluding goodwill¥3.01B¥3.58B¥3.97B¥4.57B¥3.81B
Investment securities¥25M¥28M¥14M¥14M¥14M
Current assets¥76.3B¥88.5B¥98.3B¥109.6B¥124.6B
Current liabilities¥14.8B¥15.6B¥14.9B¥15.8B¥17.4B
Total liabilities¥14.9B¥15.8B¥15.1B¥16B¥17.7B
Equity attributable to owners of parent¥71.4B¥83.8B¥94.1B¥105.1B¥118.7B
Retained earnings¥49B¥61.4B¥71.6B¥82.7B¥96.2B
Treasury stock-¥1M-¥2M-¥2M-¥2M-¥2M

Sources

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

    有価証券報告書-第45期(2025/04/01-2026/03/31)

    ID S100YHW42026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第44期(2024/04/01-2025/03/31)

    ID S100W3BD2025-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第43期(2023/04/01-2024/03/31)

    ID S100TSBQ2024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第42期(2022/04/01-2023/03/31)

    ID S100R7FQ2023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第41期(令和3年4月1日-令和4年3月31日)

    ID S100OG5K2022-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第40期(令和2年4月1日-令和3年3月31日)

    ID S100LQVD2021-06-25Open

Extracted from XBRL: 48 / 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.