meinan M&Ameinan M&A co.,ltd.7076名古屋証券取引所サービス業FY ending Sep 2025, consolidated, J-GAAP

meinan M&A revenue and profit

It lost about ¥2 for every ¥100 of sales at the operating level. Revenue changed -22.7% from the prior year, operating profit -104.0%.

Five-year trend

Revenue¥1.49B
FY ending Sep 2021: ¥1.37B¥1.37BFY ending Sep 2022: ¥1.38B¥1.38BFY ending Sep 2023: ¥1.45B¥1.45BFY ending Sep 2024: ¥1.92B¥1.92BFY ending Sep 2025: ¥1.49B¥1.49BFY21FY22FY23FY24FY25
Operating income-¥22.6M
FY ending Sep 2021: ¥255.9M¥255.9MFY ending Sep 2022: ¥352.1M¥352.1MFY ending Sep 2023: ¥186.2M¥186.2MFY ending Sep 2024: ¥563.5M¥563.5MFY ending Sep 2025: -¥22.6M-¥22.6MFY21FY22FY23FY24FY25
Operating margin-1.5%
FY ending Sep 2021: 18.7%18.7%FY ending Sep 2022: 25.5%25.5%FY ending Sep 2023: 12.8%12.8%FY ending Sep 2024: 29.3%29.3%FY ending Sep 2025: -1.5%-1.5%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin—
2021: 11.7%11.7%2022: 16.7%16.7%2023: 7.5%7.5%2024: 20.2%20.2%2122232425
Asset turnover—
2021: 1.02×1.02×2022: 0.90×0.90×2023: 0.82×0.82×2024: 0.91×0.91×2122232425
ROA-2.5%
2021: 12.0%12.0%2022: 15.0%15.0%2023: 6.1%6.1%2024: 18.4%18.4%2025: -2.5%-2.5%2122232425
Financial leverage—
2021: 1.09×1.09×2022: 1.15×1.15×2023: 1.19×1.19×2024: 1.22×1.22×2122232425
ROE—
2021: 13.0%13.0%2022: 17.3%17.3%2023: 7.3%7.3%2024: 22.6%22.6%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
202111.7%1.02×12.0%1.09×13.0%
202216.7%0.90×15.0%1.15×17.3%
20237.5%0.82×6.1%1.19×7.3%
202420.2%0.91×18.4%1.22×22.6%
2025——×-2.5%—×—

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 ÷ revenue2.9%
2025: 2.9%2.9%25
PPE ÷ total assets2.1%
2025: 2.1%2.1%25

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 Sep 2021FY ending Sep 2022FY ending Sep 2023FY ending Sep 2024FY ending Sep 2025
Revenue1,3661,3831,4531,9241,488
Cost of revenue782632836872993
Gross profit5847516181,053495
SG&A328399432489517
Operating income256352186564-23
Pretax income245343176540-46
Income tax85112671505
Net income attributable to owners160231109390-51
Operating margin18.7%25.5%12.8%29.3%-1.5%

Balance sheet (reported items)

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

Assets

Cash 58%
2%
0%
Investment securities 17%
Other assets 23%

Funding

Other liabilities 12%
Equity 88%

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

ItemFY ending Sep 2021FY ending Sep 2022FY ending Sep 2023FY ending Sep 2024FY ending Sep 2025
Cash and equivalents¥1.24B¥1.53B¥1.35B¥1.79B¥1.19B
Total assets¥1.34B¥1.74B¥1.81B¥2.41B¥2.03B
Net assets¥1.23B¥1.45B¥1.54B¥1.92B¥1.78B
Share capital¥310.7M¥310.7M¥310.7M¥310.7M¥310.7M
Property, plant and equipment¥15.5M¥34.9M¥38.1M¥34.3M¥42.5M
Intangible assets excluding goodwill¥3.4M¥12.4M¥11.9M¥10.3M¥6.4M
Investment securities¥4.4M¥50.9M¥120.2M¥164.9M¥339.9M
Current assets¥1.26B¥1.55B¥1.38B¥1.82B¥1.34B
Current liabilities¥108.2M¥294.5M¥270.8M¥497.1M¥245.9M
Total liabilities¥108.2M¥294.5M¥270.8M¥497.1M¥245.9M
Equity attributable to owners of parent¥1.23B¥1.44B¥1.54B¥1.91B¥1.78B
Retained earnings¥642.5M¥857.7M¥950.9M¥1.32B¥1.19B
Treasury stock-¥1.2M-¥1.2M-¥1.2M-¥1.2M-¥1.2M

Sources

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

    有価証券報告書-第11期(2024/10/01-2025/09/30)

    ID S100XALI2025-12-16Open
  • EDINET (FSA Japan)

    有価証券報告書-第10期(2023/10/01-2024/09/30)

    ID S100V0AD2024-12-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第9期(2022/10/01-2023/09/30)

    ID S100SJ5W2023-12-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第8期(令和3年10月1日-令和4年9月30日)

    ID S100PVN12022-12-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第7期(令和2年10月1日-令和3年9月30日)

    ID S100N4GN2021-12-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第6期(令和1年10月1日-令和2年9月30日)

    ID S100KGDU2020-12-25Open

Extracted from XBRL: 43 / Derived from other figures: 1

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