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Mirarth HoldingsMIRARTH HOLDINGS, Inc.8897東証プライム不動産業FY ending Mar 2026, consolidated, J-GAAP

Mirarth Holdings revenue and profit

Out of every ¥100 of sales, about ¥8 is left as operating profit. Revenue changed +9.1% from the prior year, operating profit +22.9%.

Five-year trend

Revenue¥214.4B
FY ending Mar 2022: ¥162.7B¥162.7BFY ending Mar 2023: ¥153.5B¥153.5BFY ending Mar 2024: ¥185.2B¥185.2BFY ending Mar 2025: ¥196.5B¥196.5BFY ending Mar 2026: ¥214.4B¥214.4BFY22FY23FY24FY25FY26
Operating income¥17.6B
FY ending Mar 2022: ¥11.9B¥11.9BFY ending Mar 2023: ¥7.03B¥7.03BFY ending Mar 2024: ¥15.5B¥15.5BFY ending Mar 2025: ¥14.4B¥14.4BFY ending Mar 2026: ¥17.6B¥17.6BFY22FY23FY24FY25FY26
Operating margin8.2%
FY ending Mar 2022: 7.3%7.3%FY ending Mar 2023: 4.6%4.6%FY ending Mar 2024: 8.3%8.3%FY ending Mar 2025: 7.3%7.3%FY ending Mar 2026: 8.2%8.2%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin2.2%
Asset turnover0.54×
ROA1.2%
ROA1.2%
Financial leverage4.79×
ROE5.7%

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

Net margin2.2%
2022: 3.8%3.8%2023: 3.0%3.0%2024: 4.4%4.4%2025: 4.2%4.2%2026: 2.2%2.2%2223242526
Asset turnover0.54×
2022: 0.73×0.73×2023: 0.54×0.54×2024: 0.55×0.55×2025: 0.55×0.55×2026: 0.54×0.54×2223242526
ROA1.2%
2022: 2.8%2.8%2023: 1.6%1.6%2024: 2.4%2.4%2025: 2.3%2.3%2026: 1.2%1.2%2223242526
Financial leverage4.79×
2022: 3.82×3.82×2023: 4.71×4.71×2024: 5.34×5.34×2025: 4.80×4.80×2026: 4.79×4.79×2223242526
ROE5.7%
2022: 10.6%10.6%2023: 7.6%7.6%2024: 12.9%12.9%2025: 11.1%11.1%2026: 5.7%5.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.8%0.73×2.8%3.82×10.6%
20233.0%0.54×1.6%4.71×7.6%
20244.4%0.55×2.4%5.34×12.9%
20254.2%0.55×2.3%4.80×11.1%
20262.2%0.54×1.2%4.79×5.7%

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 ÷ revenue62.5%
2021: 43.2%43.2%2022: 39.2%39.2%2023: 81.7%81.7%2024: 63.6%63.6%2025: 64.7%64.7%2026: 62.5%62.5%212223242526
PPE ÷ total assets31.9%
2021: 31.4%31.4%2022: 28.5%28.5%2023: 36.7%36.7%2024: 34.9%34.9%2025: 34.1%34.1%2026: 31.9%31.9%212223242526
Goodwill ÷ parent equity3.2%
2021: 1.8%1.8%2022: 2.7%2.7%2023: 6.4%6.4%2024: 5.2%5.2%2025: 3.7%3.7%2026: 3.2%3.2%212223242526
Goodwill balance¥2.63B
2021: ¥960M¥960M2022: ¥1.56B¥1.56B2023: ¥3.92B¥3.92B2024: ¥3.42B¥3.42B2025: ¥3.01B¥3.01B2026: ¥2.63B¥2.63B212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

Receivable days—
2021: 5d5d212223242526
Payable days—
2021: 41d41d2022: 43d43d2023: 49d49d2024: 68d68d212223242526

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.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue162,744153,472185,194196,523214,369
Cost of revenue129,626121,763144,603154,212168,710
Gross profit33,11731,70840,59042,31145,659
SG&A21,24024,67725,13327,94628,009
Operating income11,8777,03015,45714,36417,649
Pretax income9,4505,70312,99111,3269,452
Income tax3,1791,2574,7143,0284,593
Net income attributable to owners6,2154,5848,1788,2074,758
Operating margin7.3%4.6%8.3%7.3%8.2%

Balance sheet (reported items)

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

Assets

Cash 14%
Property, plant and equipment 32%
2%
1%
Other assets 51%

Funding

Interest-bearing debt 54%
Other liabilities 25%
Equity 21%
0%

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

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥32.7B¥47.1B¥41.9B¥47B¥57.9B
Total assets¥223.5B¥341.7B¥337.4B¥372.5B¥419.5B
Net assets¥59.6B¥65.1B¥71.7B¥89.1B¥90.1B
Share capital¥4.82B¥4.82B¥4.82B¥9.06B¥9.06B
Property, plant and equipment¥63.7B¥125.4B¥117.8B¥127.2B¥134B
Intangible assets excluding goodwill¥2.51B¥8.38B¥8.06B¥7.89B¥7.7B
Goodwill¥1.56B¥3.92B¥3.42B¥3.01B¥2.63B
Investment securities¥5.46B¥2.37B¥2.6B¥3.13B¥2.95B
Current assets¥142.6B¥188.7B¥191.9B¥215.3B¥258B
Current liabilities¥75B¥162.2B¥122.5B¥134.1B¥143.9B
Trade payables¥15.4B¥16.3B¥27.1B——
Short-term borrowings¥14.2B¥92.1B¥25.6B¥43.2B¥45.2B
Long-term borrowings¥81.9B¥104.8B¥130.7B¥136.2B¥174.7B
Bonds¥4.07B¥4.01B¥7.01B¥6.89B¥4.62B
Interest-bearing debt¥100.2Bderived¥200.9Bderived¥163.3Bderived¥186.3Bderived¥224.5Bderived
Total liabilities¥163.9B¥276.5B¥265.8B¥283.4B¥329.4B
Non-controlling interests¥294M¥3.54B¥5.67B¥5.83B¥6B
Equity attributable to owners of parent¥58.6B¥61.4B¥65.6B¥82.3B¥83.2B
Retained earnings¥53.4B¥56B¥61.5B¥66.8B¥67.7B
Treasury stock-¥4.46B-¥4.17B-¥4.07B-¥1.66B-¥1.61B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第54期(2025/04/01－2026/03/31)

    ID S100YIRG2026-06-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第53期(2024/04/01－2025/03/31)

    ID S100W4D82025-06-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第52期(2023/04/01－2024/03/31)

    ID S100TTAZ2024-06-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第51期(2022/04/01－2023/03/31)

    ID S100R2CP2023-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第50期(令和3年4月1日－令和4年3月31日)

    ID S100OEZU2022-06-24Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第49期(令和2年4月1日－令和3年3月31日)

    ID S100LYYK2021-07-09Open

Extracted from XBRL: 53 / Derived from other figures: 2

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