Minkabu the InfonoidMINKABU THE INFONOID, Inc.4436東証グロース情報・通信業FY ending Mar 2026, consolidated, J-GAAP

Minkabu the Infonoid revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed -16.8% from the prior year, and it swung back to an operating profit.

Five-year trend

Revenue¥8.78B
FY ending Mar 2022: ¥5.48B¥5.48BFY ending Mar 2023: ¥6.84B¥6.84BFY ending Mar 2024: ¥9.92B¥9.92BFY ending Mar 2025: ¥10.5B¥10.5BFY ending Mar 2026: ¥8.78B¥8.78BFY22FY23FY24FY25FY26
Operating income¥549.8M
FY ending Mar 2022: ¥874.7M¥874.7MFY ending Mar 2023: ¥111.7M¥111.7MFY ending Mar 2024: -¥699.7M-¥699.7MFY ending Mar 2025: -¥1.91B-¥1.91BFY ending Mar 2026: ¥549.8M¥549.8MFY22FY23FY24FY25FY26
Operating margin6.3%
FY ending Mar 2022: 16.0%16.0%FY ending Mar 2023: 1.6%1.6%FY ending Mar 2024: -7.1%-7.1%FY ending Mar 2025: -18.1%-18.1%FY ending Mar 2026: 6.3%6.3%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin8.5%
Asset turnover0.88×
ROA7.4%
ROA7.4%
Financial leverage14.27×
ROE106.1%

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

Net margin8.5%
2022: 12.7%12.7%2023: 10.6%10.6%2026: 8.5%8.5%2223242526
Asset turnover0.88×
2022: 0.56×0.56×2023: 0.52×0.52×2026: 0.88×0.88×2223242526
ROA7.4%
2022: 7.1%7.1%2023: 5.5%5.5%2024: -7.5%-7.5%2025: -44.5%-44.5%2026: 7.4%7.4%2223242526
Financial leverage14.27×
2022: 1.34×1.34×2023: 1.75×1.75×2026: 14.27×14.27×2223242526
ROE106.1%
2022: 9.5%9.5%2023: 9.7%9.7%2026: 106.1%106.1%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202212.7%0.56×7.1%1.34×9.5%
202310.6%0.52×5.5%1.75×9.7%
2024——×-7.5%—×—
2025——×-44.5%—×—
20268.5%0.88×7.4%14.27×106.1%

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 ÷ revenue5.1%
2021: 1.7%1.7%2022: 1.6%1.6%2023: 1.4%1.4%2024: 8.3%8.3%2025: 4.9%4.9%2026: 5.1%5.1%212223242526
PPE ÷ total assets4.5%
2021: 1.0%1.0%2022: 0.9%0.9%2023: 0.6%0.6%2024: 5.6%5.6%2025: 5.2%5.2%2026: 4.5%4.5%212223242526
Goodwill ÷ parent equity231.3%
2021: 26.3%26.3%2022: 12.8%12.8%2023: 46.2%46.2%2024: 56.9%56.9%2025: 1277.2%1277.2%2026: 231.3%231.3%212223242526
Goodwill balance¥2.71B
2021: ¥1.02B¥1.02B2022: ¥931.8M¥931.8M2023: ¥3.56B¥3.56B2024: ¥3.5B¥3.5B2025: ¥2.91B¥2.91B2026: ¥2.71B¥2.71B212223242526

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 Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue5,4826,8369,92010,5498,781
Cost of revenue2,9084,2045,7167,6624,852
Gross profit2,5742,6324,2042,8873,928
SG&A1,7002,5204,9044,7983,378
Operating income875112-700-1,911550
Pretax income8291,246-1,189-5,302581
Income tax10550768227-160
Net income attributable to owners696726-1,181-5,526743
Operating margin16.0%1.6%-7.1%-18.1%6.3%

Balance sheet (reported items)

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

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥3.53B¥4.46B¥2.05B¥542.6M¥1.3B
Total assets¥9.76B¥16.5B¥14.8B¥9.98B¥10B
Net assets¥7.44B¥7.86B¥6.18B¥320M¥1.44B
Share capital¥3.51B¥3.53B¥3.53B¥320.8M¥421.2M
Property, plant and equipment¥86.8M¥97.7M¥824.9M¥521.1M¥445.4M
Intangible assets excluding goodwill¥3.44B¥8.82B¥8.59B¥6.24B¥6.03B
Goodwill¥931.8M¥3.56B¥3.5B¥2.91B¥2.71B
Investment securities¥1.11B¥773.6M¥560.5M¥438.8M¥615M
Current assets¥4.83B¥6.57B¥4.13B¥2.04B¥2.45B
Current liabilities¥942.2M¥1.93B¥2.73B¥4.38B¥8.2B
Short-term borrowings—¥200M¥608M¥2.1B¥7.49B
Long-term borrowings¥1.3B¥6.75B¥5.64B¥4.79B—
Total liabilities¥2.31B¥8.68B¥8.65B¥9.66B¥8.55B
Non-controlling interests¥100.9M¥91.5M¥14.7M¥11.3M—
Equity attributable to owners of parent¥7.3B¥7.71B¥6.14B¥228.1M¥1.17B
Retained earnings-¥745M-¥18.7M-¥1.2B-¥6.73B-¥5.98B
Treasury stock-¥93K-¥93K-¥93K-¥111K-¥116K

Sources

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

    有価証券報告書-第20期(2025/04/01-2026/03/31)

    ID S100YJON2026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第19期(2024/04/01-2025/03/31)

    ID S100W2TP2025-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第18期(2023/04/01-2024/03/31)

    ID S100TY7D2024-06-28Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第17期(2022/04/01-2023/03/31)

    ID S100RV8V2023-09-15Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第16期(令和3年4月1日-令和4年3月31日)

    ID S100PDRV2022-10-20Open
  • EDINET (FSA Japan)

    有価証券報告書-第15期(令和2年4月1日-令和3年3月31日)

    ID S100LPGG2021-06-24Open

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

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