kubellkubell Co.,Ltd.4448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 +12.5% from the prior year, operating profit +400.8%.
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 | — | —× | -13.5% | —× | — |
| 2022 | — | —× | -12.9% | —× | — |
| 2023 | — | —× | -10.6% | —× | — |
| 2024 | — | —× | -18.9% | —× | — |
| 2025 | 2.3% | 1.49× | 3.4% | 3.57× | 12.0% |
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
| Item | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 3,372 | 4,593 | 6,485 | 8,471 | 9,529 |
| Cost of revenue | 994 | 1,397 | 2,334 | 2,627 | 2,926 |
| Gross profit | 2,379 | 3,196 | 4,151 | 5,843 | 6,604 |
| SG&A | 3,067 | 3,907 | 4,828 | 5,746 | 6,119 |
| Operating income | -688 | -711 | -677 | 97 | 485 |
| Pretax income | -704 | -715 | -904 | -1,219 | 458 |
| Income tax | 4 | 2 | -218 | -46 | 243 |
| Net income attributable to owners | -696 | -679 | -620 | -1,172 | 215 |
| Operating margin | -20.4% | -15.5% | -10.4% | 1.1% | 5.1% |
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 | ¥3.2B | ¥2.85B | ¥2.1B | ¥2.91B | ¥3.11B |
| Total assets | ¥5.17B | ¥5.39B | ¥6.27B | ¥6.11B | ¥6.68B |
| Net assets | ¥3.38B | ¥2.86B | ¥2.42B | ¥1.6B | ¥2B |
| Share capital | ¥2.53B | ¥2.62B | ¥2.75B | ¥2.92B | ¥3.01B |
| Property, plant and equipment | — | ¥29.6M | ¥11.1M | ¥2.7M | ¥39.3M |
| Intangible assets excluding goodwill | — | ¥1.15B | ¥2.2B | ¥1.09B | ¥1.09B |
| Goodwill | — | ¥285.3M | ¥1.03B | — | ¥89.5M |
| Investment securities | — | ¥183.2M | ¥190.4M | ¥184.5M | ¥162.8M |
| Current assets | — | ¥3.92B | ¥3.22B | ¥4.03B | ¥4.83B |
| Current liabilities | — | ¥1.73B | ¥2.55B | ¥3.83B | ¥3.82B |
| Short-term borrowings | — | — | ¥1.3M | — | — |
| Long-term borrowings | — | ¥763.5M | ¥1.11B | ¥456.9M | ¥541.6M |
| Total liabilities | — | ¥2.53B | ¥3.85B | ¥4.52B | ¥4.68B |
| Non-controlling interests | — | ¥65.7M | — | — | — |
| Equity attributable to owners of parent | — | ¥2.79B | ¥2.42B | ¥1.6B | ¥1.98B |
| Retained earnings | — | -¥2.44B | -¥3.06B | -¥4.23B | -¥4.02B |
| Treasury stock | — | -¥88K | -¥88K | -¥115K | -¥115K |
EDINET (FSA Japan)
有価証券報告書－第22期(2025/01/01－2025/12/31)
EDINET (FSA Japan)
有価証券報告書－第21期(2024/01/01－2024/12/31)
EDINET (FSA Japan)
訂正有価証券報告書－第20期(2023/01/01－2023/12/31)
EDINET (FSA Japan)
有価証券報告書－第19期(2022/01/01－2022/12/31)
EDINET (FSA Japan)
有価証券報告書－第18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17期(令和2年1月1日－令和2年12月31日)
Extracted from XBRL: 45 / Derived from other figures: 1
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