Meiko Network JapanMEIKO NETWORK JAPAN CO.,LTD.4668東証プライムサービス業FY ending Aug 2025, consolidated, J-GAAP

Meiko Network Japan revenue and profit

Out of every ¥100 of sales, about ¥7 is left as operating profit. Revenue changed +10.0% from the prior year, operating profit +67.4%.

Five-year trend

Revenue¥24.8B
FY ending Aug 2021: ¥19B¥19BFY ending Aug 2022: ¥19.7B¥19.7BFY ending Aug 2023: ¥20.9B¥20.9BFY ending Aug 2024: ¥22.6B¥22.6BFY ending Aug 2025: ¥24.8B¥24.8BFY21FY22FY23FY24FY25
Operating income¥1.69B
FY ending Aug 2021: ¥969M¥969MFY ending Aug 2022: ¥1.17B¥1.17BFY ending Aug 2023: ¥1.06B¥1.06BFY ending Aug 2024: ¥1.01B¥1.01BFY ending Aug 2025: ¥1.69B¥1.69BFY21FY22FY23FY24FY25
Operating margin6.8%
FY ending Aug 2021: 5.1%5.1%FY ending Aug 2022: 5.9%5.9%FY ending Aug 2023: 5.1%5.1%FY ending Aug 2024: 4.5%4.5%FY ending Aug 2025: 6.8%6.8%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin7.0%
Asset turnover1.40×
ROA9.8%
ROA9.8%
Financial leverage1.69×
ROE16.5%

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

Net margin7.0%
2021: 6.0%6.0%2022: 5.0%5.0%2023: 3.9%3.9%2024: 2.2%2.2%2025: 7.0%7.0%2122232425
Asset turnover1.40×
2021: 1.30×1.30×2022: 1.31×1.31×2023: 1.34×1.34×2024: 1.41×1.41×2025: 1.40×1.40×2122232425
ROA9.8%
2021: 7.8%7.8%2022: 6.5%6.5%2023: 5.2%5.2%2024: 3.1%3.1%2025: 9.8%9.8%2122232425
Financial leverage1.69×
2021: 1.52×1.52×2022: 1.53×1.53×2023: 1.53×1.53×2024: 1.58×1.58×2025: 1.69×1.69×2122232425
ROE16.5%
2021: 11.8%11.8%2022: 9.9%9.9%2023: 7.9%7.9%2024: 4.8%4.8%2025: 16.5%16.5%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20216.0%1.30×7.8%1.52×11.8%
20225.0%1.31×6.5%1.53×9.9%
20233.9%1.34×5.2%1.53×7.9%
20242.2%1.41×3.1%1.58×4.8%
20257.0%1.40×9.8%1.69×16.5%

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 ÷ revenue4.1%
2020: 6.3%6.3%2021: 2.8%2.8%2022: 3.2%3.2%2023: 3.3%3.3%2024: 3.8%3.8%2025: 4.1%4.1%202122232425
PPE ÷ total assets5.3%
2020: 8.1%8.1%2021: 3.6%3.6%2022: 4.0%4.0%2023: 4.4%4.4%2024: 5.2%5.2%2025: 5.3%5.3%202122232425
Goodwill ÷ parent equity2.8%
2020: 3.0%3.0%2021: 2.1%2.1%2022: 4.2%4.2%2023: 2.8%2.8%2024: 3.5%3.5%2025: 2.8%2.8%202122232425
Goodwill balance¥305M
2020: ¥277M¥277M2021: ¥203M¥203M2022: ¥422M¥422M2023: ¥292M¥292M2024: ¥344M¥344M2025: ¥305M¥305M202122232425

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 Aug 2021FY ending Aug 2022FY ending Aug 2023FY ending Aug 2024FY ending Aug 2025
Revenue19,03919,67420,87122,57924,827
Cost of revenue13,91214,62715,81917,31418,540
Gross profit5,1265,0475,0515,2656,287
SG&A4,1573,8783,9874,2554,595
Operating income9691,1681,0641,0101,691
Pretax income1,7441,7691,3509702,588
Income tax604794541480861
Net income attributable to owners1,1409748094891,727
Operating margin5.1%5.9%5.1%4.5%6.8%

Balance sheet (reported items)

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

Assets

Cash 47%
5%
4%
Investment securities 20%
Other assets 24%

Funding

Other liabilities 34%
Equity 66%
0%

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

ItemFY ending Aug 2021FY ending Aug 2022FY ending Aug 2023FY ending Aug 2024FY ending Aug 2025
Cash and equivalents¥8.58B¥8.56B¥8.29B¥7.68B¥8.93B
Total assets¥14.6B¥15.4B¥15.8B¥16.2B¥19.1B
Net assets¥10B¥10.6B¥11.2B¥10.9B¥12.6B
Share capital¥972M¥972M¥972M¥972M¥972M
Property, plant and equipment¥531M¥624M¥693M¥849M¥1.02B
Intangible assets excluding goodwill¥402M¥607M¥482M¥561M¥530M
Goodwill¥203M¥422M¥292M¥344M¥305M
Investment securities¥2.02B¥2.45B¥2.81B¥2.89B¥3.79B
Current assets¥10.4B¥10.4B¥10.4B¥10.5B¥12.2B
Current liabilities¥3.88B¥4.02B¥3.76B¥4.48B¥5.51B
Total liabilities¥4.62B¥4.83B¥4.61B¥5.36B¥6.56B
Equity attributable to owners of parent¥9.63B¥10.1B¥10.4B¥9.93B¥11.1B
Retained earnings¥10.5B¥11B¥11.2B¥10.8B¥11.8B
Treasury stock-¥2.78B-¥2.78B-¥2.71B-¥2.7B-¥2.65B

Sources

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

    有価証券報告書-第41期(2024/09/01-2025/08/31)

    ID S100X5JB2025-11-20Open
  • EDINET (FSA Japan)

    有価証券報告書-第40期(2023/09/01-2024/08/31)

    ID S100USJE2024-11-18Open
  • EDINET (FSA Japan)

    有価証券報告書-第39期(2022/09/01-2023/08/31)

    ID S100SBCR2023-11-20Open
  • EDINET (FSA Japan)

    有価証券報告書-第38期(令和3年9月1日-令和4年8月31日)

    ID S100PNSM2022-11-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第37期(令和2年9月1日-令和3年8月31日)

    ID S100MXEX2021-11-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第36期(令和1年9月1日-令和2年8月31日)

    ID S100K8Y72020-11-25Open

Extracted from XBRL: 47 / Derived from other figures: 1

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