Vizora日本語

Meiho EnterpriseMEIHO ENTERPRISE CO.,LTD.8927東証スタンダード不動産業FY ending Jul 2025, consolidated, J-GAAP

Meiho Enterprise revenue and profit

Out of every ¥100 of sales, about ¥11 is left as operating profit. Revenue changed +44.9% from the prior year, operating profit +44.1%.

Five-year trend

Revenue¥29.8B
FY ending Jul 2021: ¥10.2B¥10.2BFY ending Jul 2022: ¥11.2B¥11.2BFY ending Jul 2023: ¥15.2B¥15.2BFY ending Jul 2024: ¥20.6B¥20.6BFY ending Jul 2025: ¥29.8B¥29.8BFY21FY22FY23FY24FY25
Operating income¥3.37B
FY ending Jul 2021: ¥982.8M¥982.8MFY ending Jul 2022: ¥1.12B¥1.12BFY ending Jul 2023: ¥1.3B¥1.3BFY ending Jul 2024: ¥2.34B¥2.34BFY ending Jul 2025: ¥3.37B¥3.37BFY21FY22FY23FY24FY25
Operating margin11.3%
FY ending Jul 2021: 9.7%9.7%FY ending Jul 2022: 10.0%10.0%FY ending Jul 2023: 8.6%8.6%FY ending Jul 2024: 11.4%11.4%FY ending Jul 2025: 11.3%11.3%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin6.4%
Asset turnover1.04×
ROA6.6%
ROA6.6%
Financial leverage3.27×
ROE21.6%

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

Net margin6.4%
2021: 8.1%8.1%2022: 5.7%5.7%2023: 4.2%4.2%2024: 6.7%6.7%2025: 6.4%6.4%2122232425
Asset turnover1.04×
2021: 0.88×0.88×2022: 0.87×0.87×2023: 0.84×0.84×2024: 0.81×0.81×2025: 1.04×1.04×2122232425
ROA6.6%
2021: 7.1%7.1%2022: 5.0%5.0%2023: 3.5%3.5%2024: 5.4%5.4%2025: 6.6%6.6%2122232425
Financial leverage3.27×
2021: 2.29×2.29×2022: 2.42×2.42×2023: 2.91×2.91×2024: 3.38×3.38×2025: 3.27×3.27×2122232425
ROE21.6%
2021: 16.3%16.3%2022: 12.1%12.1%2023: 10.2%10.2%2024: 18.4%18.4%2025: 21.6%21.6%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20218.1%0.88×7.1%2.29×16.3%
20225.7%0.87×5.0%2.42×12.1%
20234.2%0.84×3.5%2.91×10.2%
20246.7%0.81×5.4%3.38×18.4%
20256.4%1.04×6.6%3.27×21.6%

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 ÷ revenue6.7%
2020: 6.1%6.1%2021: 5.9%5.9%2022: 5.8%5.8%2023: 12.2%12.2%2024: 11.1%11.1%2025: 6.7%6.7%202122232425
PPE ÷ total assets6.9%
2020: 5.3%5.3%2021: 5.2%5.2%2022: 4.6%4.6%2023: 8.3%8.3%2024: 8.1%8.1%2025: 6.9%6.9%202122232425

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.

Payable days19d
2022: 11d11d2023: 22d22d2024: 24d24d2025: 19d19d202122232425

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 Jul 2021FY ending Jul 2022FY ending Jul 2023FY ending Jul 2024FY ending Jul 2025
Revenue10,18111,16115,24820,56229,796
Cost of revenue8,1478,89112,16716,01124,099
Gross profit2,0342,2703,0814,5525,697
SG&A1,0511,1541,7762,2102,324
Operating income9831,1161,3052,3423,374
Pretax income9629299861,8962,760
Income tax133287357520865
Net income attributable to owners8256406381,3761,894
Operating margin9.7%10.0%8.6%11.4%11.3%

Balance sheet (reported items)

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

Assets

Cash 16%
7%
0%
0%
Other assets 77%

Funding

4%
Other liabilities 63%
Equity 33%
0%

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

ItemFY ending Jul 2021FY ending Jul 2022FY ending Jul 2023FY ending Jul 2024FY ending Jul 2025
Cash and equivalents¥3.38B¥3.5B¥3.44B¥2.95B¥4.79B
Total assets¥11.6B¥14B¥22.5B¥28.1B¥29.1B
Net assets¥5.09B¥5.53B¥7.01B¥7.99B¥9.53B
Share capital¥100M¥100M¥614.4M¥614.4M¥614.4M
Property, plant and equipment¥598M¥646.1M¥1.86B¥2.29B¥2.01B
Intangible assets excluding goodwill¥160K¥5M¥19.1M¥20.9M¥21.1M
Investment securities¥36.9M¥19.8M¥16.6M¥17.9M¥32.7M
Current assets¥10.7B¥13B¥20.2B¥25.3B¥26.6B
Current liabilities¥2.25B¥4.02B¥8.92B¥10.6B¥12.5B
Trade payables—¥278.9M¥749.3M¥1.07B¥1.25B
Short-term borrowings¥487.5M¥884.5M¥1.82B¥2.01B¥2.67B
Long-term borrowings¥4.02B¥4.21B¥6.19B¥9.15B¥6.83B
Bonds¥32M¥16M———
Interest-bearing debt¥4.54Bderived¥5.11Bderived———
Total liabilities¥6.52B¥8.46B¥15.5B¥20.1B¥19.6B
Non-controlling interests¥13.8M————
Equity attributable to owners of parent¥5.07B¥5.53B¥7B¥7.98B¥9.52B
Retained earnings¥3.85B¥4.31B¥4.76B¥5.73B¥7.27B
Treasury stock-¥380.5M-¥380.5M-¥380.5M-¥380.5M-¥380.5M

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第57期(2024/08/01－2025/07/31)

    ID S100WXQ62025-10-31Open

  • EDINET (FSA Japan)

    有価証券報告書－第56期(2023/08/01－2024/07/31)

    ID S100ULUM2024-10-31Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第55期(2022/08/01－2023/07/31)

    ID S100SSVE2024-02-09Open

  • EDINET (FSA Japan)

    有価証券報告書－第54期(令和3年8月1日－令和4年7月31日)

    ID S100PFGS2022-10-31Open

  • EDINET (FSA Japan)

    有価証券報告書－第53期(令和2年8月1日－令和3年7月31日)

    ID S100MODX2021-10-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第52期(令和1年8月1日－令和2年7月31日)

    ID S100JZWT2020-10-30Open

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