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LibertaLIBERTA CO.,LTD.4935東証スタンダード化学FY ending Dec 2025, consolidated, J-GAAP

Liberta revenue and profit

Out of every ¥100 of sales, about ¥1 is left as operating profit. Revenue changed +16.2% from the prior year, operating profit +85.2%.

Five-year trend

Revenue¥10B
FY ending Dec 2021: ¥5.03B¥5.03BFY ending Dec 2022: ¥6.64B¥6.64BFY ending Dec 2023: ¥7.09B¥7.09BFY ending Dec 2024: ¥8.64B¥8.64BFY ending Dec 2025: ¥10B¥10BFY21FY22FY23FY24FY25
Operating income¥133.2M
FY ending Dec 2021: ¥251.4M¥251.4MFY ending Dec 2022: ¥167.3M¥167.3MFY ending Dec 2023: ¥172.5M¥172.5MFY ending Dec 2024: ¥71.9M¥71.9MFY ending Dec 2025: ¥133.2M¥133.2MFY21FY22FY23FY24FY25
Operating margin1.3%
FY ending Dec 2021: 5.0%5.0%FY ending Dec 2022: 2.5%2.5%FY ending Dec 2023: 2.4%2.4%FY ending Dec 2024: 0.8%0.8%FY ending Dec 2025: 1.3%1.3%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin0.5%
Asset turnover1.41×
ROA0.7%
ROA0.7%
Financial leverage4.53×
ROE2.9%

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

Net margin0.5%
2021: 4.0%4.0%2022: 1.7%1.7%2023: 1.6%1.6%2025: 0.5%0.5%2122232425
Asset turnover1.41×
2021: 1.71×1.71×2022: 1.61×1.61×2023: 1.31×1.31×2025: 1.41×1.41×2122232425
ROA0.7%
2021: 6.8%6.8%2022: 2.8%2.8%2023: 2.1%2.1%2024: -0.4%-0.4%2025: 0.7%0.7%2122232425
Financial leverage4.53×
2021: 2.23×2.23×2022: 2.86×2.86×2023: 3.39×3.39×2025: 4.53×4.53×2122232425
ROE2.9%
2021: 15.2%15.2%2022: 7.9%7.9%2023: 7.0%7.0%2025: 2.9%2.9%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20214.0%1.71×6.8%2.23×15.2%
20221.7%1.61×2.8%2.86×7.9%
20231.6%1.31×2.1%3.39×7.0%
2024——×-0.4%—×—
20250.5%1.41×0.7%4.53×2.9%

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 ÷ revenue7.1%
2020: 0.5%0.5%2021: 0.8%0.8%2022: 10.7%10.7%2023: 9.7%9.7%2024: 7.9%7.9%2025: 7.1%7.1%202122232425
PPE ÷ total assets9.2%
2020: 0.8%0.8%2021: 1.3%1.3%2022: 13.3%13.3%2023: 12.5%12.5%2024: 10.6%10.6%2025: 9.2%9.2%202122232425
Goodwill ÷ parent equity26.1%
2022: 19.7%19.7%2023: 27.3%27.3%2024: 30.6%30.6%2025: 26.1%26.1%202122232425
Goodwill balance¥414.4M
2022: ¥308.4M¥308.4M2023: ¥443.4M¥443.4M2024: ¥477.9M¥477.9M2025: ¥414.4M¥414.4M202122232425

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.

R&D spending¥58M
2020: ¥6.6M¥6.6M2021: ¥13.8M¥13.8M2022: ¥21.5M¥21.5M2023: ¥34.6M¥34.6M2024: ¥49.2M¥49.2M2025: ¥58M¥58M202122232425
R&D / revenue0.6%
2020: 0.1%0.1%2021: 0.3%0.3%2022: 0.3%0.3%2023: 0.5%0.5%2024: 0.6%0.6%2025: 0.6%0.6%202122232425
Receivable days93d
2020: 45d45d2021: 34d34d2022: 67d67d2023: 65d65d2024: 76d76d2025: 93d93d202122232425
Payable days62d
2021: 36d36d2022: 58d58d2023: 64d64d2024: 38d38d2025: 62d62d202122232425

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 Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue5,0296,6387,0888,63610,032
Cost of revenue2,8754,0374,2345,2985,958
Gross profit2,1552,6012,8543,3384,074
SG&A1,9042,4332,6813,2663,940
Operating income25116717372133
Pretax income2672011615142
Income tax67775073-4
Net income attributable to owners200115111-2146
Operating margin5.0%2.5%2.4%0.8%1.3%

Balance sheet (reported items)

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

Assets

Cash 10%
Receivables 33%
Property, plant and equipment 9%
Intangibles and goodwill 14%
Other assets 34%

Funding

Trade payables 13%
Other liabilities 67%
Equity 20%

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

ItemFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥643.1M¥657.6M¥528M¥628.9M¥799.8M
Total assets¥2.94B¥5.31B¥5.52B¥6.44B¥7.81B
Net assets¥1.33B¥1.58B¥1.64B¥1.57B¥1.59B
Share capital¥192.1M¥195.2M¥199M¥207.8M¥215.6M
Trade receivables¥468.5M¥1.21B¥1.26B¥1.8B¥2.57B
Property, plant and equipment¥39.5M¥708.4M¥688M¥681.5M¥715M
Intangible assets excluding goodwill¥29.3M¥589.5M¥771M¥788.8M¥681.9M
Goodwill—¥308.4M¥443.4M¥477.9M¥414.4M
Current assets¥2.68B¥3.79B¥3.89B¥4.8B¥6.13B
Current liabilities¥1.03B¥2.32B¥2.61B¥3.58B¥5.18B
Trade payables¥282.1M¥639.1M¥742.6M¥551.6M¥1B
Short-term borrowings—¥700M¥900M¥1.85B¥2.4B
Long-term borrowings¥350M¥1.15B¥1.06B¥1.09B¥852.1M
Bonds¥150M¥90M¥30M——
Interest-bearing debt—¥1.94Bderived¥1.99Bderived——
Total liabilities¥1.62B¥3.74B¥3.88B¥4.86B¥6.22B
Non-controlling interests¥4.4M¥4.1M¥4.4M——
Equity attributable to owners of parent¥1.32B¥1.57B¥1.63B¥1.56B¥1.58B
Retained earnings¥944.4M¥995.1M¥1.05B¥978.2M¥972.1M
Treasury stock—-¥21K-¥8.2M-¥17.2M-¥11.4M

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第30期(2025/01/01－2025/12/31)

    ID S100XVNJ2026-03-31Open

  • EDINET (FSA Japan)

    有価証券報告書－第29期(2024/01/01－2024/12/31)

    ID S100VHY82025-03-27Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第28期(2023/01/01－2023/12/31)

    ID S100T7992024-04-02Open

  • EDINET (FSA Japan)

    有価証券報告書－第27期(2022/01/01－2022/12/31)

    ID S100QH6I2023-03-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第26期(令和3年1月1日－令和3年12月31日)

    ID S100NQZ72022-03-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第25期(令和2年1月1日－令和2年12月31日)

    ID S100L1Y62021-03-29Open

Extracted from XBRL: 52 / Derived from other figures: 1

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