ManseiMANSEI CORPORATION7565東証スタンダード卸売業FY ending Mar 2026, consolidated, J-GAAP

Mansei revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed +10.5% from the prior year, operating profit +38.6%.

Five-year trend

Revenue¥27B
FY ending Mar 2022: ¥18.7B¥18.7BFY ending Mar 2023: ¥23.1B¥23.1BFY ending Mar 2024: ¥26.2B¥26.2BFY ending Mar 2025: ¥24.4B¥24.4BFY ending Mar 2026: ¥27B¥27BFY22FY23FY24FY25FY26
Operating income¥1.57B
FY ending Mar 2022: ¥549.2M¥549.2MFY ending Mar 2023: ¥1.1B¥1.1BFY ending Mar 2024: ¥1.48B¥1.48BFY ending Mar 2025: ¥1.13B¥1.13BFY ending Mar 2026: ¥1.57B¥1.57BFY22FY23FY24FY25FY26
Operating margin5.8%
FY ending Mar 2022: 2.9%2.9%FY ending Mar 2023: 4.8%4.8%FY ending Mar 2024: 5.7%5.7%FY ending Mar 2025: 4.6%4.6%FY ending Mar 2026: 5.8%5.8%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin4.1%
Asset turnover1.20×
ROA5.0%
ROA5.0%
Financial leverage1.95×
ROE9.7%

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

Net margin4.1%
2022: 2.1%2.1%2023: 2.6%2.6%2024: 4.1%4.1%2025: 3.6%3.6%2026: 4.1%4.1%2223242526
Asset turnover1.20×
2022: 1.01×1.01×2023: 1.16×1.16×2024: 1.16×1.16×2025: 1.10×1.10×2026: 1.20×1.20×2223242526
ROA5.0%
2022: 2.1%2.1%2023: 3.0%3.0%2024: 4.7%4.7%2025: 3.9%3.9%2026: 5.0%5.0%2223242526
Financial leverage1.95×
2022: 1.59×1.59×2023: 1.68×1.68×2024: 1.81×1.81×2025: 1.85×1.85×2026: 1.95×1.95×2223242526
ROE9.7%
2022: 3.4%3.4%2023: 5.1%5.1%2024: 8.6%8.6%2025: 7.3%7.3%2026: 9.7%9.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20222.1%1.01×2.1%1.59×3.4%
20232.6%1.16×3.0%1.68×5.1%
20244.1%1.16×4.7%1.81×8.6%
20253.6%1.10×3.9%1.85×7.3%
20264.1%1.20×5.0%1.95×9.7%

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 ÷ revenue6.1%
2021: 9.6%9.6%2022: 9.8%9.8%2023: 7.4%7.4%2024: 6.1%6.1%2025: 7.2%7.2%2026: 6.1%6.1%212223242526
PPE ÷ total assets6.7%
2021: 10.5%10.5%2022: 9.9%9.9%2023: 8.0%8.0%2024: 6.7%6.7%2025: 8.6%8.6%2026: 6.7%6.7%212223242526
Goodwill ÷ parent equity10.0%
2026: 10.0%10.0%212223242526
Goodwill balance¥1.2B
2026: ¥1.2B¥1.2B212223242526

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.

Receivable days—
2021: 94d94d212223242526
Payable days147d
2021: 107d107d2022: 119d119d2023: 136d136d2024: 137d137d2025: 120d120d2026: 147d147d212223242526

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
Revenue18,65623,12126,15124,42326,993
Cost of revenue15,87119,51322,09320,79622,780
Gross profit2,7843,6084,0593,6264,212
SG&A2,2352,5062,5742,4922,640
Operating income5491,1021,4851,1351,572
Pretax income5899401,5451,1861,606
Income tax193340474313492
Net income attributable to owners3966001,0718731,114
Operating margin2.9%4.8%5.7%4.6%5.8%

Balance sheet (reported items)

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

Assets

Cash 23%
7%
Intangibles and goodwill 10%
8%
Other assets 52%

Funding

Trade payables 37%
Other liabilities 9%
Equity 54%
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¥4.65B¥2.95B¥4.86B¥4.69B¥5.65B
Total assets¥18.4B¥21.3B¥24B¥20.4B¥24.6B
Net assets¥11.9B¥12.3B¥13.5B¥11.7B¥13.1B
Share capital¥1B¥1B¥1B¥1B¥1B
Property, plant and equipment¥1.82B¥1.71B¥1.6B¥1.75B¥1.64B
Intangible assets excluding goodwill¥153.4M¥112.3M¥71.5M¥34.9M¥1.23B
Goodwill————¥1.2B
Investment securities¥815.4M¥847.4M¥1.17B¥1.26B¥1.91B
Current assets¥15.6B¥18.5B¥21B¥17.2B¥19.5B
Current liabilities¥5.98B¥8.4B¥9.78B¥7.97B¥10.5B
Trade payables¥5.17B¥7.29B¥8.3B¥6.83B¥9.19B
Short-term borrowings¥300M¥300M¥300M¥300M¥300M
Total liabilities¥6.57B¥8.96B¥10.4B¥8.67B¥11.4B
Equity attributable to owners of parent¥11.6B¥12B¥12.9B¥11.1B¥11.9B
Retained earnings¥9.75B¥10.2B¥11.1B¥9.23B¥10.1B
Treasury stock-¥16.2M-¥16.2M-¥16.5M-¥16.7M-¥17.3M

Sources

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

    有価証券報告書-第80期(2025/04/01-2026/03/31)

    ID S100YLNO2026-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第79期(2024/04/01-2025/03/31)

    ID S100W6SN2025-06-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第78期(2023/04/01-2024/03/31)

    ID S100TTKI2024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第77期(2022/04/01-2023/03/31)

    ID S100R6K02023-06-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第76期(令和3年4月1日-令和4年3月31日)

    ID S100OFKR2022-06-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第75期(令和2年4月1日-令和3年3月31日)

    ID S100LU8I2021-06-30Open

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

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