LandLAND Co.,Ltd.8918東証スタンダード不動産業FY ending Feb 2026, consolidated, J-GAAP

Land revenue and profit

Out of every ¥100 of sales, about ¥14 is left as operating profit. Revenue changed -40.9% from the prior year, operating profit -56.4%.

Five-year trend

Revenue¥3.01B
FY ending Feb 2022: ¥3.03B¥3.03BFY ending Feb 2023: ¥4.1B¥4.1BFY ending Feb 2024: ¥2.1B¥2.1BFY ending Feb 2025: ¥5.09B¥5.09BFY ending Feb 2026: ¥3.01B¥3.01BFY22FY23FY24FY25FY26
Operating income¥425.7M
FY ending Feb 2022: ¥1.44B¥1.44BFY ending Feb 2023: ¥1.29B¥1.29BFY ending Feb 2024: ¥230.3M¥230.3MFY ending Feb 2025: ¥977M¥977MFY ending Feb 2026: ¥425.7M¥425.7MFY22FY23FY24FY25FY26
Operating margin14.2%
FY ending Feb 2022: 47.7%47.7%FY ending Feb 2023: 31.5%31.5%FY ending Feb 2024: 11.0%11.0%FY ending Feb 2025: 19.2%19.2%FY ending Feb 2026: 14.2%14.2%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin14.8%
Asset turnover0.30×
ROA4.4%
ROA4.4%
Financial leverage1.13×
ROE4.9%

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

Net margin14.8%
2022: 55.2%55.2%2023: 31.1%31.1%2024: 11.4%11.4%2025: 17.2%17.2%2026: 14.8%14.8%2223242526
Asset turnover0.30×
2022: 0.42×0.42×2023: 0.52×0.52×2024: 0.23×0.23×2025: 0.51×0.51×2026: 0.30×0.30×2223242526
ROA4.4%
2022: 23.3%23.3%2023: 16.2%16.2%2024: 2.6%2.6%2025: 8.8%8.8%2026: 4.4%4.4%2223242526
Financial leverage1.13×
2022: 1.16×1.16×2023: 1.17×1.17×2024: 1.24×1.24×2025: 1.21×1.21×2026: 1.13×1.13×2223242526
ROE4.9%
2022: 27.0%27.0%2023: 18.9%18.9%2024: 3.2%3.2%2025: 10.6%10.6%2026: 4.9%4.9%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202255.2%0.42×23.3%1.16×27.0%
202331.1%0.52×16.2%1.17×18.9%
202411.4%0.23×2.6%1.24×3.2%
202517.2%0.51×8.8%1.21×10.6%
202614.8%0.30×4.4%1.13×4.9%

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 ÷ revenue0.3%
2021: 0.4%0.4%2022: 0.1%0.1%2023: 0.5%0.5%2024: 0.6%0.6%2025: 0.2%0.2%2026: 0.3%0.3%212223242526
PPE ÷ total assets0.1%
2021: 0.1%0.1%2022: 0.0%0.0%2023: 0.2%0.2%2024: 0.1%0.1%2025: 0.1%0.1%2026: 0.1%0.1%212223242526

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 Feb 2022FY ending Feb 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Revenue3,0264,1022,1025,0923,007
Cost of revenue9972,1391,1693,3501,906
Gross profit2,0291,9639331,7421,101
SG&A585669703765676
Operating income1,4451,294230977426
Pretax income1,6711,357253971480
Income tax180139635
Net income attributable to owners1,6701,276240874444
Operating margin47.7%31.5%11.0%19.2%14.2%

Balance sheet (reported items)

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

Assets

Cash 28%
0%
0%
1%
Other assets 71%

Funding

Other liabilities 11%
Equity 89%
0%

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

ItemFY ending Feb 2022FY ending Feb 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Cash and equivalents¥1.78B¥1.33B¥2.41B¥3.98B¥2.91B
Total assets¥7.17B¥8.6B¥9.85B¥10B¥10.4B
Net assets¥6.19B¥7.32B¥7.57B¥8.9B¥9.19B
Share capital¥50M¥50M¥10M¥50M¥50M
Property, plant and equipment¥3.3M¥18.9M¥13.2M¥11.8M¥9.6M
Intangible assets excluding goodwill¥3.3M¥2.5M¥1.3M¥666K¥1.2M
Investment securities¥25M¥45M¥45M¥45M¥45M
Current assets¥7.12B¥8.5B¥9.76B¥9.93B¥10.3B
Current liabilities¥761.5M¥1.09B¥1.53B¥1.01B¥1.09B
Short-term borrowings¥145.5M¥352.6M¥144.6M¥151.9M¥240M
Long-term borrowings¥223.1M¥186.7M¥146.1M¥105.4M¥77.7M
Total liabilities¥984.6M¥1.28B¥2.27B¥1.11B¥1.16B
Equity attributable to owners of parent¥6.18B¥7.32B¥7.56B¥8.89B¥9.18B
Retained earnings¥3.86B¥4.99B¥5.09B¥5.82B¥6.11B
Treasury stock-¥524.3M-¥524.3M-¥524.3M-¥524.3M-¥524.3M

Sources

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

    有価証券報告書-第30期(2025/03/01-2026/02/28)

    ID S100Y7212026-05-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第29期(2024/03/01-2025/02/28)

    ID S100VT332025-05-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第28期(2023/03/01-2024/02/29)

    ID S100THN62024-05-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第27期(2022/03/01-2023/02/28)

    ID S100QTX42023-05-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第26期(令和3年3月1日-令和4年2月28日)

    ID S100O4P22022-05-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第25期(令和2年3月1日-令和3年2月28日)

    ID S100LEY82021-05-28Open

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