KusurinomadoguchiKusurinomadoguchi, Inc.5592東証グロース情報・通信業FY ending Mar 2026, consolidated, J-GAAP

Kusurinomadoguchi revenue and profit

Out of every ¥100 of sales, about ¥22 is left as operating profit. Revenue changed +10.1% from the prior year, operating profit +37.3%.

Five-year trend

Revenue¥12.3B
FY ending Mar 2023: ¥7.42B¥7.42BFY ending Mar 2024: ¥8.72B¥8.72BFY ending Mar 2025: ¥11.2B¥11.2BFY ending Mar 2026: ¥12.3B¥12.3BFY23FY24FY25FY26
Operating income¥2.68B
FY ending Mar 2023: ¥1.05B¥1.05BFY ending Mar 2024: ¥1.37B¥1.37BFY ending Mar 2025: ¥1.95B¥1.95BFY ending Mar 2026: ¥2.68B¥2.68BFY23FY24FY25FY26
Operating margin21.8%
FY ending Mar 2023: 14.1%14.1%FY ending Mar 2024: 15.7%15.7%FY ending Mar 2025: 17.4%17.4%FY ending Mar 2026: 21.8%21.8%FY23FY24FY25FY26

What drives ROE

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

Net margin23.9%
Asset turnover0.82×
ROA19.7%
ROA19.7%
Financial leverage1.52×
ROE29.9%

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

Net margin23.9%
2023: 5.3%5.3%2024: 10.0%10.0%2025: 18.2%18.2%2026: 23.9%23.9%23242526
Asset turnover0.82×
2023: 0.61×0.61×2024: 0.49×0.49×2025: 0.64×0.64×2026: 0.82×0.82×23242526
ROA19.7%
2023: 3.2%3.2%2024: 4.9%4.9%2025: 11.6%11.6%2026: 19.7%19.7%23242526
Financial leverage1.52×
2023: 4.54×4.54×2024: 3.89×3.89×2025: 2.38×2.38×2026: 1.52×1.52×23242526
ROE29.9%
2023: 14.5%14.5%2024: 19.2%19.2%2025: 27.5%27.5%2026: 29.9%29.9%23242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20235.3%0.61×3.2%4.54×14.5%
202410.0%0.49×4.9%3.89×19.2%
202518.2%0.64×11.6%2.38×27.5%
202623.9%0.82×19.7%1.52×29.9%

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 ÷ revenue1.1%
2023: 1.7%1.7%2024: 1.4%1.4%2025: 1.3%1.3%2026: 1.1%1.1%23242526
PPE ÷ total assets0.8%
2023: 1.0%1.0%2024: 0.5%0.5%2025: 1.2%1.2%2026: 0.8%0.8%23242526
Goodwill ÷ parent equity7.7%
2023: 11.3%11.3%2024: 10.1%10.1%2025: 6.0%6.0%2026: 7.7%7.7%23242526
Goodwill balance¥870.5M
2023: ¥305.4M¥305.4M2024: ¥646.3M¥646.3M2025: ¥507.6M¥507.6M2026: ¥870.5M¥870.5M23242526

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.

Payable days14d
2023: 17d17d2024: 15d15d2025: 11d11d2026: 14d14d23242526

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 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue7,4218,72111,19912,330
Cost of revenue3,3463,7894,7245,359
Gross profit4,0754,9336,4756,971
SG&A3,0253,5634,5214,289
Operating income1,0501,3701,9542,682
Pretax income8371,3071,6552,622
Income tax360432-416-377
Net income attributable to owners3918712,0352,953
Operating margin14.1%15.7%17.4%21.8%

Balance sheet (reported items)

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

Assets

Cash 29%
1%
Intangibles and goodwill 33%
2%
Other assets 35%

Funding

1%
Other liabilities 35%
Equity 64%
0%

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

ItemFY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥5.95B¥14.6B¥2.1B¥5.24B
Total assets¥12.2B¥23.1B¥12.2B¥17.8B
Net assets¥2.79B¥6.42B¥8.52B¥11.5B
Share capital¥100M¥1.51B¥1.58B¥68.9M
Property, plant and equipment¥126.3M¥125.8M¥142.6M¥141.6M
Intangible assets excluding goodwill¥3.14B¥4.26B¥4.5B¥4.92B
Goodwill¥305.4M¥646.3M¥507.6M¥870.5M
Investment securities¥171.7M¥125.2M¥67.8M¥391.4M
Current assets¥8.55B¥18.2B¥6.23B¥10.1B
Current liabilities¥9.13B¥16B¥3.13B¥5.2B
Trade payables¥156.5M¥160.2M¥147.7M¥201.4M
Short-term borrowings¥100M¥5.1B—¥2B
Long-term borrowings¥24.6M¥311.6M¥63.8M¥821.2M
Total liabilities¥9.43B¥16.7B¥3.64B¥6.35B
Non-controlling interests¥97.6M¥50.4M¥64.6M¥111.6M
Equity attributable to owners of parent¥2.69B¥6.37B¥8.45B¥11.3B
Retained earnings¥953.9M¥1.81B¥3.85B¥6.5B
Treasury stock——-¥81K—

Sources

Show source documents (3)
  • EDINET (FSA Japan)

    有価証券報告書-第22期(2025/04/01-2026/03/31)

    ID S100YKTN2026-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第21期(2024/04/01-2025/03/31)

    ID S100W4512025-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第20期(2023/04/01-2024/03/31)

    ID S100TWG52024-06-27Open

Extracted from XBRL: 51 / Derived from other figures: 1

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