MerfMERF Inc.3168東証スタンダード卸売業FY ending Aug 2025, consolidated, J-GAAP
Operating profit was close to zero, a slight profit per ¥100 of sales. Revenue changed +0.5% from the prior year, operating profit -91.9%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2021 | 2.2% | 2.63× | 5.7% | 2.74× | 15.7% |
| 2022 | 0.6% | 3.61× | 2.2% | 2.81× | 6.2% |
| 2023 | 0.2% | 3.33× | 0.7% | 2.87× | 1.9% |
| 2024 | 0.6% | 3.18× | 2.1% | 2.91× | 6.0% |
| 2025 | — | —× | -0.8% | —× | — |
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
Track R&D investment and how long operating capital remains tied up before sales turn into cash.
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.
| Item | FY ending Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
|---|---|---|---|---|---|
| Revenue | 62,058 | 89,103 | 84,594 | 82,070 | 82,463 |
| Cost of revenue | 57,481 | 86,530 | 82,504 | 78,950 | 80,130 |
| Gross profit | 4,577 | 2,573 | 2,090 | 3,121 | 2,333 |
| SG&A | 1,379 | 1,711 | 1,557 | 1,670 | 2,216 |
| Operating income | 3,197 | 862 | 533 | 1,450 | 117 |
| Pretax income | 2,096 | 846 | 260 | 945 | -217 |
| Income tax | 742 | 298 | 90 | 413 | -14 |
| Net income attributable to owners | 1,354 | 547 | 170 | 533 | -203 |
| Operating margin | 5.2% | 1.0% | 0.6% | 1.8% | 0.1% |
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 Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥1.4B | ¥770.4M | ¥1.06B | ¥1.53B | ¥1.64B |
| Total assets | ¥23.6B | ¥25.7B | ¥25.1B | ¥26.6B | ¥25.7B |
| Net assets | ¥8.68B | ¥9.22B | ¥9.1B | ¥9.48B | ¥9.22B |
| Share capital | ¥1B | ¥1B | ¥1B | ¥1B | ¥1B |
| Trade receivables | ¥8.57B | — | — | — | — |
| Property, plant and equipment | ¥2.28B | ¥2.43B | ¥2.46B | ¥2.57B | ¥3.32B |
| Intangible assets excluding goodwill | ¥32.6M | ¥51.4M | ¥38.7M | ¥44.6M | ¥121.5M |
| Investment securities | ¥576.6M | ¥708.6M | ¥653.5M | ¥481.2M | ¥849.6M |
| Current assets | ¥20.6B | ¥22.5B | ¥21.9B | ¥23.4B | ¥21.2B |
| Current liabilities | ¥12.5B | ¥14B | ¥13.8B | ¥14.9B | ¥12.3B |
| Trade payables | ¥1.9B | ¥1.92B | ¥2.29B | ¥2.95B | ¥2.01B |
| Short-term borrowings | ¥7.78B | ¥9.91B | ¥9.5B | ¥9.4B | ¥7.7B |
| Long-term borrowings | ¥2.39B | ¥2.42B | ¥2.07B | ¥2.11B | ¥3.58B |
| Total liabilities | ¥15B | ¥16.5B | ¥16B | ¥17.1B | ¥16.5B |
| Equity attributable to owners of parent | ¥8.61B | ¥8.93B | ¥8.74B | ¥9.01B | ¥8.53B |
| Retained earnings | ¥6.99B | ¥7.29B | ¥7.17B | ¥7.42B | ¥6.94B |
| Treasury stock | -¥65.8M | -¥52.7M | -¥125.8M | -¥115M | -¥104.9M |
EDINET (FSA Japan)
訂正有価証券報告書－第40期(2024/09/01－2025/08/31)
EDINET (FSA Japan)
有価証券報告書－第39期(2023/09/01－2024/08/31)
EDINET (FSA Japan)
有価証券報告書－第38期(2022/09/01－2023/08/31)
EDINET (FSA Japan)
有価証券報告書－第37期(令和3年9月1日－令和4年8月31日)
EDINET (FSA Japan)
有価証券報告書－第36期(令和2年9月1日－令和3年8月31日)
EDINET (FSA Japan)
有価証券報告書－第35期(令和1年9月1日－令和2年8月31日)
Extracted from XBRL: 47 / Derived from other figures: 1
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