LandixLandix Inc.2981東証グロース不動産業FY ending Mar 2026, consolidated, J-GAAP

Landix revenue and profit

Out of every ¥100 of sales, about ¥13 is left as operating profit. Revenue changed +16.1% from the prior year, operating profit +32.9%.

Five-year trend

Revenue¥23.5B
FY ending Mar 2022: ¥11.1B¥11.1BFY ending Mar 2023: ¥15B¥15BFY ending Mar 2024: ¥17B¥17BFY ending Mar 2025: ¥20.3B¥20.3BFY ending Mar 2026: ¥23.5B¥23.5BFY22FY23FY24FY25FY26
Operating income¥3B
FY ending Mar 2022: ¥1.47B¥1.47BFY ending Mar 2023: ¥1.68B¥1.68BFY ending Mar 2024: ¥1.28B¥1.28BFY ending Mar 2025: ¥2.26B¥2.26BFY ending Mar 2026: ¥3B¥3BFY22FY23FY24FY25FY26
Operating margin12.8%
FY ending Mar 2022: 13.2%13.2%FY ending Mar 2023: 11.2%11.2%FY ending Mar 2024: 7.5%7.5%FY ending Mar 2025: 11.1%11.1%FY ending Mar 2026: 12.8%12.8%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin7.9%
Asset turnover1.00×
ROA7.9%
ROA7.9%
Financial leverage2.58×
ROE20.3%

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

Net margin7.9%
2022: 8.4%8.4%2023: 7.0%7.0%2024: 4.6%4.6%2025: 6.9%6.9%2026: 7.9%7.9%2223242526
Asset turnover1.00×
2022: 0.87×0.87×2023: 1.13×1.13×2024: 1.17×1.17×2025: 1.09×1.09×2026: 1.00×1.00×2223242526
ROA7.9%
2022: 7.3%7.3%2023: 7.9%7.9%2024: 5.4%5.4%2025: 7.6%7.6%2026: 7.9%7.9%2223242526
Financial leverage2.58×
2022: 2.26×2.26×2023: 2.19×2.19×2024: 2.13×2.13×2025: 2.39×2.39×2026: 2.58×2.58×2223242526
ROE20.3%
2022: 16.6%16.6%2023: 17.2%17.2%2024: 11.5%11.5%2025: 18.1%18.1%2026: 20.3%20.3%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20228.4%0.87×7.3%2.26×16.6%
20237.0%1.13×7.9%2.19×17.2%
20244.6%1.17×5.4%2.13×11.5%
20256.9%1.09×7.6%2.39×18.1%
20267.9%1.00×7.9%2.58×20.3%

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 ÷ revenue11.7%
2021: 23.5%23.5%2022: 25.0%25.0%2023: 18.5%18.5%2024: 16.0%16.0%2025: 13.8%13.8%2026: 11.7%11.7%212223242526
PPE ÷ total assets10.9%
2021: 21.4%21.4%2022: 21.8%21.8%2023: 19.9%19.9%2024: 17.9%17.9%2025: 12.8%12.8%2026: 10.9%10.9%212223242526
Goodwill ÷ parent equity0.1%
2025: 0.2%0.2%2026: 0.1%0.1%212223242526
Goodwill balance¥6.7M
2025: ¥13.5M¥13.5M2026: ¥6.7M¥6.7M212223242526

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.

Inventory days296d
2021: 181d181d2022: 222d222d2023: 169d169d2024: 180d180d2025: 280d280d2026: 296d296d212223242526

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 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue11,12915,01717,04120,26823,528
Cost of revenue8,28211,72813,85915,89018,086
Gross profit2,8483,2893,1824,3785,442
SG&A1,3761,6071,9022,1192,440
Operating income1,4721,6831,2802,2593,002
Pretax income1,4311,6091,2032,1072,785
Income tax494558413702935
Net income attributable to owners9371,0507901,4051,850
Operating margin13.2%11.2%7.5%11.1%12.8%

Balance sheet (reported items)

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

Assets

Cash 23%
Inventories 58%
Property, plant and equipment 11%
0%
8%

Funding

Other liabilities 61%
Equity 39%
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¥4.51B¥4.4B¥4.38B¥4.96B¥5.72B
Total assets¥12.8B¥13.9B¥15.3B¥21.8B¥25.3B
Net assets¥5.65B¥6.54B¥7.15B¥8.35B¥9.87B
Share capital¥488.6M¥488.6M¥491.4M¥492.5M¥499.8M
Inventories¥5.03B¥5.44B¥6.85B¥12.2B¥14.7B
Property, plant and equipment¥2.78B¥2.77B¥2.73B¥2.79B¥2.75B
Intangible assets excluding goodwill¥1.6M¥1.4M¥1.2M¥14.5M¥7.6M
Goodwill———¥13.5M¥6.7M
Current assets¥9.77B¥10.9B¥12.4B¥18.7B¥22.1B
Current liabilities¥5.31B¥5.5B¥4.77B¥10.5B¥11.6B
Short-term borrowings¥4B¥4.16B¥3.91B¥6.76B¥8.81B
Long-term borrowings¥1.77B¥1.82B¥3.32B¥2.9B¥3.72B
Total liabilities¥7.12B¥7.35B¥8.14B¥13.4B¥15.4B
Equity attributable to owners of parent¥5.65B¥6.54B¥7.15B¥8.35B¥9.87B
Retained earnings¥4.46B¥5.35B¥5.95B¥7.15B¥8.66B
Treasury stock-¥304K-¥360K-¥513K-¥1M-¥1M

Sources

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

    有価証券報告書-第26期(2025/04/01-2026/03/31)

    ID S100YHQX2026-06-24Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第25期(2024/04/01-2025/03/31)

    ID S100WKCZ2025-08-20Open
  • EDINET (FSA Japan)

    有価証券報告書-第24期(2023/04/01-2024/03/31)

    ID S100TXIZ2024-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第23期(2022/04/01-2023/03/31)

    ID S100R8K62023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第22期(令和3年4月1日-令和4年3月31日)

    ID S100OF5Q2022-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第21期(令和2年4月1日-令和3年3月31日)

    ID S100LOIL2021-06-24Open

Extracted from XBRL: 49 / Derived from other figures: 1

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