LancersLANCERS,INC.4484東証グロース情報・通信業FY ending Mar 2026, consolidated, J-GAAP

Lancers revenue and profit

Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +18.5% from the prior year, operating profit +84.4%.

Five-year trend

Revenue¥5.44B
FY ending Mar 2022: ¥4.07B¥4.07BFY ending Mar 2023: ¥4.81B¥4.81BFY ending Mar 2024: ¥4.57B¥4.57BFY ending Mar 2025: ¥4.59B¥4.59BFY ending Mar 2026: ¥5.44B¥5.44BFY22FY23FY24FY25FY26
Operating income¥201.3M
FY ending Mar 2022: -¥367M-¥367MFY ending Mar 2023: -¥249.8M-¥249.8MFY ending Mar 2024: ¥75.5M¥75.5MFY ending Mar 2025: ¥109.2M¥109.2MFY ending Mar 2026: ¥201.3M¥201.3MFY22FY23FY24FY25FY26
Operating margin3.7%
FY ending Mar 2022: -9.0%-9.0%FY ending Mar 2023: -5.2%-5.2%FY ending Mar 2024: 1.7%1.7%FY ending Mar 2025: 2.4%2.4%FY ending Mar 2026: 3.7%3.7%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin1.7%
Asset turnover1.57×
ROA2.6%
ROA2.6%
Financial leverage2.53×
ROE6.6%

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

Net margin1.7%
2024: 2.4%2.4%2025: 3.9%3.9%2026: 1.7%1.7%2223242526
Asset turnover1.57×
2024: 1.39×1.39×2025: 1.35×1.35×2026: 1.57×1.57×2223242526
ROA2.6%
2022: -23.7%-23.7%2023: -8.1%-8.1%2024: 3.4%3.4%2025: 5.2%5.2%2026: 2.6%2.6%2223242526
Financial leverage2.53×
2024: 3.08×3.08×2025: 2.68×2.68×2026: 2.53×2.53×2223242526
ROE6.6%
2024: 10.4%10.4%2025: 13.9%13.9%2026: 6.6%6.6%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×-23.7%—×—
2023——×-8.1%—×—
20242.4%1.39×3.4%3.08×10.4%
20253.9%1.35×5.2%2.68×13.9%
20261.7%1.57×2.6%2.53×6.6%

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 ÷ revenue0.1%
2021: 0.4%0.4%2022: 0.2%0.2%2023: 0.1%0.1%2024: 0.1%0.1%2025: 0.0%0.0%2026: 0.1%0.1%212223242526
PPE ÷ total assets0.2%
2021: 0.4%0.4%2022: 0.3%0.3%2023: 0.2%0.2%2024: 0.1%0.1%2025: 0.0%0.0%2026: 0.2%0.2%212223242526
Goodwill ÷ parent equity17.4%
2021: 23.2%23.2%2022: 14.3%14.3%2023: 42.5%42.5%2024: 30.4%30.4%2025: 22.9%22.9%2026: 17.4%17.4%212223242526
Goodwill balance¥241.5M
2021: ¥427.2M¥427.2M2022: ¥170.5M¥170.5M2023: ¥406.9M¥406.9M2024: ¥358.9M¥358.9M2025: ¥310.9M¥310.9M2026: ¥241.5M¥241.5M212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue4,0734,8084,5734,5895,437
Cost of revenue2,0702,5382,3762,5343,309
Gross profit2,0032,2702,1972,0552,129
SG&A2,3702,5202,1221,9461,927
Operating income-367-25075109201
Pretax income-656-2346311592
Income tax174-48-621
Net income attributable to owners-672-23911117791
Operating margin-9.0%-5.2%1.7%2.4%3.7%

Balance sheet (reported items)

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

Assets

Cash 59%
0%
Intangibles and goodwill 19%
Other assets 22%

Funding

Other liabilities 62%
Equity 38%
0%

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¥1.65B¥1.35B¥1.92B¥1.77B¥2.16B
Total assets¥2.84B¥3.07B¥3.52B¥3.28B¥3.66B
Net assets¥1.19B¥957.4M¥1.18B¥1.36B¥1.41B
Share capital¥59.9M¥63.6M¥120.3M¥55M¥55M
Property, plant and equipment¥8.9M¥6.4M¥3.6M¥1.5M¥6.4M
Intangible assets excluding goodwill¥416.2M¥806.3M¥725.4M¥617.6M¥462.6M
Goodwill¥170.5M¥406.9M¥358.9M¥310.9M¥241.5M
Current assets¥2.36B¥2.22B¥2.68B¥2.49B¥3.01B
Current liabilities¥1.65B¥1.76B¥1.74B¥1.4B¥1.61B
Short-term borrowings————¥14.2M
Long-term borrowings—¥359.8M¥294.4M¥225.6M¥345.2M
Total liabilities¥1.65B¥2.12B¥2.34B¥1.92B¥2.26B
Equity attributable to owners of parent¥1.19B¥957.1M¥1.18B¥1.36B¥1.39B
Retained earnings-¥650.6M-¥889.2M-¥778.1M¥63.7M¥154.8M
Treasury stock-¥36K-¥36K-¥36K-¥36K-¥58.1M

Sources

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

    有価証券報告書-第18期(2025/04/01-2026/03/31)

    ID S100YFEP2026-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第17期(2024/04/01-2025/03/31)

    ID S100W9CA2025-06-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第16期(2023/04/01-2024/03/31)

    ID S100TXXB2024-07-01Open
  • EDINET (FSA Japan)

    有価証券報告書-第15期(2022/04/01-2023/03/31)

    ID S100R4452023-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第14期(令和3年4月1日-令和4年3月31日)

    ID S100OIGK2022-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第13期(令和2年4月1日-令和3年3月31日)

    ID S100LTRF2021-06-29Open

Extracted from XBRL: 48 / Derived from other figures: 1

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