KayacKAYAC Inc.3904東証グロース情報・通信業FY ending Dec 2025, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed +20.1% from the prior year, operating profit +199.2%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2021 | 6.6% | 1.60× | 10.6% | 2.43× | 25.7% |
| 2022 | 4.7% | 1.75× | 8.3% | 2.34× | 19.4% |
| 2023 | 2.9% | 1.54× | 4.5% | 2.22× | 10.0% |
| 2024 | 0.9% | 1.36× | 1.2% | 2.25× | 2.7% |
| 2025 | 3.4% | 1.52× | 5.2% | 2.35× | 12.1% |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
Track R&D investment and how long operating capital remains tied up before sales turn into cash.
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.
| Item | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 12,566 | 16,502 | 17,467 | 16,728 | 20,095 |
| Cost of revenue | 6,634 | 8,587 | 8,242 | 7,702 | 9,180 |
| Gross profit | 5,933 | 7,915 | 9,225 | 9,026 | 10,915 |
| SG&A | 4,791 | 6,710 | 8,204 | 8,668 | 9,844 |
| Operating income | 1,142 | 1,206 | 1,022 | 358 | 1,071 |
| Pretax income | 1,358 | 1,256 | 942 | 363 | 1,105 |
| Income tax | 441 | 418 | 376 | 201 | 401 |
| Net income attributable to owners | 829 | 780 | 511 | 149 | 684 |
| Operating margin | 9.1% | 7.3% | 5.9% | 2.1% | 5.3% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥2.46B | ¥4.26B | ¥5B | ¥4.78B | ¥5.25B |
| Total assets | ¥7.85B | ¥11B | ¥11.7B | ¥12.9B | ¥13.6B |
| Net assets | ¥3.59B | ¥5.34B | ¥5.93B | ¥6.03B | ¥6.3B |
| Share capital | ¥537.1M | ¥873.5M | ¥900.2M | ¥900.2M | ¥900.2M |
| Trade receivables | ¥2.29B | — | — | — | — |
| Property, plant and equipment | ¥1.52B | ¥1.61B | ¥1.63B | ¥1.59B | ¥2.01B |
| Intangible assets excluding goodwill | ¥602.3M | ¥1.17B | ¥903.3M | ¥1.26B | ¥819.8M |
| Goodwill | ¥344.3M | ¥851.1M | ¥698.5M | ¥884.9M | ¥451.8M |
| Investment securities | ¥255.2M | ¥308.3M | ¥318.1M | ¥638.8M | ¥243.3M |
| Current assets | ¥5.22B | ¥7.62B | ¥8.41B | ¥8.95B | ¥9.99B |
| Current liabilities | ¥2.84B | ¥4.28B | ¥4.41B | ¥4.77B | ¥5.37B |
| Short-term borrowings | ¥300M | ¥300M | ¥300M | ¥450M | ¥499.2M |
| Long-term borrowings | ¥1.38B | ¥1.32B | ¥1.31B | ¥1.99B | ¥1.8B |
| Total liabilities | ¥4.26B | ¥5.64B | ¥5.75B | ¥6.85B | ¥7.26B |
| Non-controlling interests | ¥281.9M | ¥471.6M | ¥474.2M | ¥468.2M | ¥499.7M |
| Equity attributable to owners of parent | ¥3.23B | ¥4.82B | ¥5.41B | ¥5.52B | ¥5.75B |
| Retained earnings | ¥2.22B | ¥2.94B | ¥3.39B | ¥3.47B | ¥4.09B |
| Treasury stock | -¥208K | -¥229K | -¥229K | -¥281K | -¥391.6M |
EDINET (FSA Japan)
訂正有価証券報告書－第21期(2025/01/01－2025/12/31)
EDINET (FSA Japan)
有価証券報告書－第20期(2024/01/01－2024/12/31)
EDINET (FSA Japan)
有価証券報告書－第19期(2023/01/01－2023/12/31)
EDINET (FSA Japan)
訂正有価証券報告書－第18期(2022/01/01－2022/12/31)
EDINET (FSA Japan)
有価証券報告書－第17期(令和3年1月1日－令和3年12月31日)
EDINET (FSA Japan)
有価証券報告書－第16期(令和2年1月1日－令和2年12月31日)
Extracted from XBRL: 52 / Derived from other figures: 1
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