Mercuria HoldingsMercuria Holdings Co., Ltd.7347東証プライム証券、商品先物取引業FY ending Dec 2025, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥35 is left as operating profit. Revenue changed +29.6% from the prior year, operating profit +157.9%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2021 | 31.3% | 0.23× | 7.2% | 1.16× | 8.4% |
| 2022 | 34.0% | 0.24× | 8.2% | 1.19× | 9.8% |
| 2023 | 18.1% | 0.29× | 5.3% | 1.21× | 6.4% |
| 2024 | 9.1% | 0.27× | 2.5% | 1.24× | 3.1% |
| 2025 | 23.3% | 0.32× | 7.6% | 1.31× | 9.9% |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
| Item | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 4,170 | 4,598 | 5,842 | 5,566 | 7,216 |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| SG&A | 1,875 | 2,340 | 2,689 | 3,551 | 4,220 |
| Operating income | 1,763 | 2,055 | 1,344 | 975 | 2,515 |
| Pretax income | 1,817 | 2,208 | 1,501 | 1,157 | 2,554 |
| Income tax | 426 | 502 | 300 | 552 | 772 |
| Net income attributable to owners | 1,304 | 1,563 | 1,055 | 506 | 1,685 |
| Operating margin | 42.3% | 44.7% | 23.0% | 17.5% | 34.9% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥4.6B | ¥2.94B | ¥3B | ¥3.37B | ¥5.23B |
| Total assets | ¥18B | ¥20B | ¥19.7B | ¥21.1B | ¥23.5B |
| Net assets | ¥15.8B | ¥17.5B | ¥18.2B | ¥18.9B | ¥19.2B |
| Share capital | ¥4.06B | ¥4.06B | ¥4.07B | ¥4.07B | ¥4.07B |
| Property, plant and equipment | ¥85.2M | ¥193M | ¥189.9M | ¥136.3M | ¥214.2M |
| Intangible assets excluding goodwill | ¥282K | ¥1.4M | ¥1.6M | ¥768K | ¥786K |
| Investment securities | ¥281M | ¥307.5M | ¥243.1M | ¥272.5M | ¥296.3M |
| Current assets | ¥16.8B | ¥18.8B | ¥18.8B | ¥20.3B | ¥22.5B |
| Current liabilities | ¥936.2M | ¥1.18B | ¥754.7M | ¥1.41B | ¥2.88B |
| Short-term borrowings | — | ¥100M | — | — | ¥684.5M |
| Long-term borrowings | ¥743.5M | ¥613.5M | — | — | — |
| Total liabilities | ¥2.19B | ¥2.44B | ¥1.41B | ¥2.16B | ¥4.26B |
| Non-controlling interests | ¥713M | ¥914.3M | ¥1.15B | ¥1.39B | ¥1.22B |
| Equity attributable to owners of parent | ¥15.6B | ¥16.4B | ¥16.4B | ¥16.3B | ¥17.6B |
| Retained earnings | ¥7.72B | ¥8.86B | ¥9.38B | ¥9.47B | ¥10.7B |
| Treasury stock | -¥712.9M | -¥1.07B | -¥1.59B | -¥1.63B | -¥1.63B |
EDINET (FSA Japan)
有価証券報告書－第5期(2025/01/01－2025/12/31)
EDINET (FSA Japan)
有価証券報告書－第4期(2024/01/01－2024/12/31)
EDINET (FSA Japan)
有価証券報告書－第3期(2023/01/01－2023/12/31)
EDINET (FSA Japan)
有価証券報告書－第2期(2022/01/01－2022/12/31)
EDINET (FSA Japan)
有価証券報告書－第1期(令和3年1月1日－令和3年12月31日)
Extracted from XBRL: 46 / Derived from other figures: 1
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