Lovable Marketing GroupLovable Marketing Group, Inc.9254東証グロース情報・通信業FY ending Oct 2025, consolidated, J-GAAP

Lovable Marketing Group revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed +21.7% from the prior year, operating profit +16.9%.

Five-year trend

Revenue¥2.63B
FY ending Mar 2023: ¥1.65B¥1.65BFY ending Oct 2023: ¥1.03B¥1.03BFY ending Oct 2024: ¥2.16B¥2.16BFY ending Oct 2025: ¥2.63B¥2.63BFY23FY23FY24FY25
Operating income¥160.4M
FY ending Mar 2023: ¥80.3M¥80.3MFY ending Oct 2023: ¥22.3M¥22.3MFY ending Oct 2024: ¥137.2M¥137.2MFY ending Oct 2025: ¥160.4M¥160.4MFY23FY23FY24FY25
Operating margin6.1%
FY ending Mar 2023: 4.9%4.9%FY ending Oct 2023: 2.2%2.2%FY ending Oct 2024: 6.3%6.3%FY ending Oct 2025: 6.1%6.1%FY23FY23FY24FY25

What drives ROE

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

Net margin5.1%
Asset turnover1.44×
ROA7.3%
ROA7.3%
Financial leverage5.37×
ROE39.2%

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

Net margin5.1%
2023: 2.7%2.7%2023: 1.0%1.0%2024: 3.4%3.4%2025: 5.1%5.1%23232425
Asset turnover1.44×
2023: 1.17×1.17×2023: 0.73×0.73×2024: 1.38×1.38×2025: 1.44×1.44×23232425
ROA7.3%
2023: 3.1%3.1%2023: 0.7%0.7%2024: 4.6%4.6%2025: 7.3%7.3%23232425
Financial leverage5.37×
2023: 2.64×2.64×2023: 2.58×2.58×2024: 3.90×3.90×2025: 5.37×5.37×23232425
ROE39.2%
2023: 8.3%8.3%2023: 1.8%1.8%2024: 18.1%18.1%2025: 39.2%39.2%23232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20232.7%1.17×3.1%2.64×8.3%
20231.0%0.73×0.7%2.58×1.8%
20243.4%1.38×4.6%3.90×18.1%
20255.1%1.44×7.3%5.37×39.2%

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 ÷ revenue2.3%
2023: 3.1%3.1%2023: 5.1%5.1%2024: 2.4%2.4%2025: 2.3%2.3%23232425
PPE ÷ total assets3.1%
2023: 3.7%3.7%2023: 3.7%3.7%2024: 3.0%3.0%2025: 3.1%3.1%23232425
Goodwill ÷ parent equity38.5%
2023: 15.7%15.7%2024: 26.8%26.8%2025: 38.5%38.5%23232425
Goodwill balance¥161.8M
2023: ¥85.4M¥85.4M2024: ¥69.2M¥69.2M2025: ¥161.8M¥161.8M23232425

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—
2023: ¥8.1M¥8.1M2023: ¥1M¥1M2024: ¥1.9M¥1.9M23232425
R&D / revenue—
2023: 0.5%0.5%2023: 0.1%0.1%2024: 0.1%0.1%23232425

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 2023FY ending Oct 2023FY ending Oct 2024FY ending Oct 2025
Revenue1,6541,0252,1622,631
Cost of revenue7735071,0341,360
Gross profit8815191,1281,270
SG&A8004979911,110
Operating income8022137160
Pretax income8025148147
Income tax31127112
Net income attributable to owners441073133
Operating margin4.9%2.2%6.3%6.1%

Balance sheet (reported items)

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

Assets

Cash 45%
3%
Intangibles and goodwill 18%
3%
Other assets 31%

Funding

Other liabilities 76%
Equity 24%

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

ItemFY ending Mar 2023FY ending Oct 2023FY ending Oct 2024FY ending Oct 2025
Cash and equivalents¥750.6M¥668.1M¥986.4M¥870.7M
Total assets¥1.41B¥1.41B¥1.73B¥1.92B
Net assets¥552.8M¥574.6M¥306.1M¥464.4M
Share capital¥287.8M¥287.8M¥50M¥50M
Property, plant and equipment¥51.6M¥52.6M¥51.8M¥60.4M
Intangible assets excluding goodwill¥646K¥88.9M¥73.8M¥172.2M
Goodwill—¥85.4M¥69.2M¥161.8M
Investment securities¥10M¥39.9M¥44.5M¥52.2M
Current assets¥1.27B¥1.15B¥1.46B¥1.48B
Current liabilities¥582.2M¥583.8M¥885.7M¥992.8M
Short-term borrowings¥200M¥200M¥200M¥308.4M
Long-term borrowings¥276.4M¥247.1M¥531.9M¥458.9M
Total liabilities¥858.7M¥830.9M¥1.42B¥1.45B
Non-controlling interests¥18.8M¥22.4M¥35.6M¥36.8M
Equity attributable to owners of parent¥534M¥543.8M¥258.5M¥420.2M
Retained earnings-¥16.2M-¥6.4M¥160.8M¥294M
Treasury stock——-¥357.8M-¥329.1M

Sources

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

    有価証券報告書-第12期(2024/11/01-2025/10/31)

    ID S100XHKO2026-01-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第11期(2023/11/01-2024/10/31)

    ID S100V59D2025-01-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第10期(2023/04/01-2023/10/31)

    ID S100SOH52024-01-26Open

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

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.