MarcheMARCHE CORPORATION7524東証スタンダード小売業FY ending Mar 2026, non-consolidated, J-GAAP

Marche revenue and profit

It lost about ¥1 for every ¥100 of sales at the operating level. Revenue changed +4.1% from the prior year, operating profit -166.7%.

Five-year trend

Revenue¥4.77B
FY ending Mar 2022: ¥2.63B¥2.63BFY ending Mar 2023: ¥4.61B¥4.61BFY ending Mar 2024: ¥4.68B¥4.68BFY ending Mar 2025: ¥4.58B¥4.58BFY ending Mar 2026: ¥4.77B¥4.77BFY22FY23FY24FY25FY26
Operating income-¥29.8M
FY ending Mar 2022: -¥1.23B-¥1.23BFY ending Mar 2023: -¥388.1M-¥388.1MFY ending Mar 2024: ¥92M¥92MFY ending Mar 2025: ¥44.6M¥44.6MFY ending Mar 2026: -¥29.8M-¥29.8MFY22FY23FY24FY25FY26
Operating margin-0.6%
FY ending Mar 2022: -46.9%-46.9%FY ending Mar 2023: -8.4%-8.4%FY ending Mar 2024: 2.0%2.0%FY ending Mar 2025: 1.0%1.0%FY ending Mar 2026: -0.6%-0.6%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin—
2024: 0.7%0.7%2025: 0.8%0.8%2223242526
Asset turnover—
2024: 1.25×1.25×2025: 1.26×1.26×2223242526
ROA-1.4%
2022: -8.0%-8.0%2023: -15.4%-15.4%2024: 0.9%0.9%2025: 1.0%1.0%2026: -1.4%-1.4%2223242526
Financial leverage—
2024: 17.10×17.10×2025: 9.37×9.37×2223242526
ROE—
2024: 16.0%16.0%2025: 9.0%9.0%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×-8.0%—×—
2023——×-15.4%—×—
20240.7%1.25×0.9%17.10×16.0%
20250.8%1.26×1.0%9.37×9.0%
2026——×-1.4%—×—

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 ÷ revenue9.0%
2021: 16.3%16.3%2022: 23.8%23.8%2023: 8.4%8.4%2024: 7.0%7.0%2025: 8.3%8.3%2026: 9.0%9.0%212223242526
PPE ÷ total assets15.0%
2021: 13.8%13.8%2022: 15.5%15.5%2023: 10.6%10.6%2024: 8.6%8.6%2025: 11.1%11.1%2026: 15.0%15.0%212223242526

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 Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue2,6284,6154,6754,5824,768
Cost of revenue1,0891,8291,9071,7921,870
Gross profit1,5392,7862,7682,7892,897
SG&A2,7723,1742,6762,7452,927
Operating income-1,233-3889245-30
Pretax income-296-5582143-48
Income tax2733-148-2
Net income attributable to owners-324-5903535-45
Operating margin-46.9%-8.4%2.0%1.0%-0.6%

Balance sheet (reported items)

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

Assets

Cash 50%
Property, plant and equipment 15%
1%
2%
Other assets 32%

Funding

Other liabilities 76%
Equity 24%
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¥2.39B¥2.32B¥2.54B¥2.12B¥1.43B
Total assets¥4.03B¥3.65B¥3.83B¥3.43B¥2.87B
Net assets¥650.1M¥62.3M¥394.1M¥410.1M¥701.3M
Share capital¥1.51B¥100M¥100M¥100M¥100M
Property, plant and equipment¥625.8M¥386M¥328.3M¥379.5M¥428.8M
Intangible assets excluding goodwill¥28.9M¥73.1M¥60.1M¥58.5M¥39.9M
Investment securities¥12.6M¥15.7M¥26.1M¥32.5M¥41.7M
Current assets¥2.95B¥2.8B¥3.05B¥2.58B¥1.97B
Current liabilities¥2.48B¥2.72B¥2.59B¥2.22B¥1.58B
Short-term borrowings¥1.8B¥1.8B¥1.79B¥1.61B¥901M
Long-term borrowings¥415M¥385M¥378.9M¥356.5M¥200M
Total liabilities¥3.38B¥3.59B¥3.43B¥3.02B¥2.17B
Equity attributable to owners of parent¥646.5M¥56.2M¥381.1M¥392.8M¥678.4M
Retained earnings-¥2.03B-¥2.62B¥34.9M¥46.7M-¥21.8M
Treasury stock-¥453.4M-¥453.4M-¥453.4M-¥453.4M-¥453.4M

Sources

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

    有価証券報告書-第54期(2025/04/01-2026/03/31)

    ID S100YML02026-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第53期(2024/04/01-2025/03/31)

    ID S100W2QP2025-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第52期(2023/04/01-2024/03/31)

    ID S100TQR42024-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第51期(2022/04/01-2023/03/31)

    ID S100R4HH2023-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第50期(令和3年4月1日-令和4年3月31日)

    ID S100OHNL2022-06-27Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第49期(令和2年4月1日-令和3年3月31日)

    ID S100LW152021-06-30Open

Extracted from XBRL: 44 / Derived from other figures: 1

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