Logos HoldingsLOGOS HOLDINGS INC.205A東証グロース建設業FY ending May 2026, consolidated, J-GAAP

Logos Holdings revenue and profit

Out of every ¥100 of sales, about ¥3 is left as operating profit. Revenue changed +36.5% from the prior year, operating profit +197.5%.

Five-year trend

Revenue¥49.5B
FY ending May 2023: ¥28B¥28BFY ending May 2024: ¥31.7B¥31.7BFY ending May 2025: ¥36.3B¥36.3BFY ending May 2026: ¥49.5B¥49.5BFY23FY24FY25FY26
Operating income¥1.45B
FY ending May 2023: -¥118.5M-¥118.5MFY ending May 2024: ¥1.39B¥1.39BFY ending May 2025: ¥487.3M¥487.3MFY ending May 2026: ¥1.45B¥1.45BFY23FY24FY25FY26
Operating margin2.9%
FY ending May 2023: -0.4%-0.4%FY ending May 2024: 4.4%4.4%FY ending May 2025: 1.3%1.3%FY ending May 2026: 2.9%2.9%FY23FY24FY25FY26

What drives ROE

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

Net margin1.6%
Asset turnover2.23×
ROA3.6%
ROA3.6%
Financial leverage5.97×
ROE21.5%

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

Net margin1.6%
2024: 2.8%2.8%2025: 0.6%0.6%2026: 1.6%1.6%23242526
Asset turnover2.23×
2024: 2.26×2.26×2025: 2.10×2.10×2026: 2.23×2.23×23242526
ROA3.6%
2023: -0.6%-0.6%2024: 6.3%6.3%2025: 1.2%1.2%2026: 3.6%3.6%23242526
Financial leverage5.97×
2024: 4.49×4.49×2025: 5.33×5.33×2026: 5.97×5.97×23242526
ROE21.5%
2024: 28.4%28.4%2025: 6.2%6.2%2026: 21.5%21.5%23242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
2023——×-0.6%—×—
20242.8%2.26×6.3%4.49×28.4%
20250.6%2.10×1.2%5.33×6.2%
20261.6%2.23×3.6%5.97×21.5%

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 ÷ revenue7.6%
2023: 7.6%7.6%2024: 7.5%7.5%2025: 8.5%8.5%2026: 7.6%7.6%23242526
PPE ÷ total assets16.1%
2023: 14.6%14.6%2024: 17.7%17.7%2025: 14.6%14.6%2026: 16.1%16.1%23242526
Goodwill ÷ parent equity65.5%
2023: 36.3%36.3%2024: 36.7%36.7%2025: 86.0%86.0%2026: 65.5%65.5%23242526
Goodwill balance¥2.64B
2023: ¥1.16B¥1.16B2024: ¥1.13B¥1.13B2025: ¥2.92B¥2.92B2026: ¥2.64B¥2.64B23242526

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 May 2023FY ending May 2024FY ending May 2025FY ending May 2026
Revenue28,02631,71536,26949,503
Cost of revenue23,93125,81629,96240,644
Gross profit4,0945,8996,3088,859
SG&A4,2134,5085,8207,410
Operating income-1191,3914871,449
Pretax income-841,3263921,284
Income tax-3436192484
Net income attributable to owners-81890200800
Operating margin-0.4%4.4%1.3%2.9%

Balance sheet (reported items)

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

Assets

Cash 39%
Property, plant and equipment 16%
Intangibles and goodwill 23%
Other assets 22%

Funding

Interest-bearing debt 33%
Other liabilities 50%
Equity 17%
0%

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

ItemFY ending May 2023FY ending May 2024FY ending May 2025FY ending May 2026
Cash and equivalents¥4.95B¥4.48B¥6.85B¥9.11B
Total assets¥14.7B¥13.4B¥21.1B¥23.2B
Net assets¥3.19B¥3.09B¥3.41B¥4.04B
Share capital¥39M¥39M¥99.4M¥107.3M
Property, plant and equipment¥2.14B¥2.38B¥3.09B¥3.74B
Intangible assets excluding goodwill¥1.22B¥1.17B¥2.98B¥2.69B
Goodwill¥1.16B¥1.13B¥2.92B¥2.64B
Current assets¥11B¥9.52B¥14.4B¥16.2B
Current liabilities¥8.78B¥8.01B¥12.8B¥13.5B
Short-term borrowings¥1.93B¥2.16B¥1.9B¥2.21B
Long-term borrowings¥2.57B¥2.12B¥4.71B¥5.18B
Bonds———¥250M
Interest-bearing debt———¥7.64Bderived
Total liabilities¥11.5B¥10.3B¥17.7B¥19.2B
Equity attributable to owners of parent¥3.19B¥3.08B¥3.4B¥4.03B
Retained earnings¥1.68B¥1.67B¥1.87B¥2.5B

Sources

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

    有価証券報告書-第6期(2025/06/01-2026/05/31)

    ID S100YYTC2026-08-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第5期(2024/06/01-2025/05/31)

    ID S100WLM82025-08-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第4期(2023/06/01-2024/05/31)

    ID S100UAOV2024-08-30Open

Extracted from XBRL: 47 / Derived from other figures: 2

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