Misawa &Misawa & Co.,Ltd.3169東証スタンダード小売業FY ending Jan 2026, non-consolidated, J-GAAP

Misawa & revenue and profit

Out of every ¥100 of sales, about ¥2 is left as operating profit. Revenue changed -3.8% from the prior year, operating profit -27.6%.

Five-year trend

Revenue¥12.2B
FY ending Jan 2022: ¥11.6B¥11.6BFY ending Jan 2023: ¥12.2B¥12.2BFY ending Jan 2024: ¥12.1B¥12.1BFY ending Jan 2025: ¥12.6B¥12.6BFY ending Jan 2026: ¥12.2B¥12.2BFY22FY23FY24FY25FY26
Operating income¥235.7M
FY ending Jan 2022: ¥1.01B¥1.01BFY ending Jan 2023: ¥534M¥534MFY ending Jan 2024: ¥65M¥65MFY ending Jan 2025: ¥325.6M¥325.6MFY ending Jan 2026: ¥235.7M¥235.7MFY22FY23FY24FY25FY26
Operating margin1.9%
FY ending Jan 2022: 8.6%8.6%FY ending Jan 2023: 4.4%4.4%FY ending Jan 2024: 0.5%0.5%FY ending Jan 2025: 2.6%2.6%FY ending Jan 2026: 1.9%1.9%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin1.0%
Asset turnover2.29×
ROA2.4%
ROA2.4%
Financial leverage1.65×
ROE3.9%

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

Net margin1.0%
2022: 6.0%6.0%2023: 2.8%2.8%2024: 0.1%0.1%2025: 1.5%1.5%2026: 1.0%1.0%2223242526
Asset turnover2.29×
2022: 2.55×2.55×2023: 2.69×2.69×2024: 2.49×2.49×2025: 2.47×2.47×2026: 2.29×2.29×2223242526
ROA2.4%
2022: 15.2%15.2%2023: 7.5%7.5%2024: 0.3%0.3%2025: 3.7%3.7%2026: 2.4%2.4%2223242526
Financial leverage1.65×
2022: 1.57×1.57×2023: 1.51×1.51×2024: 1.57×1.57×2025: 1.65×1.65×2026: 1.65×1.65×2223242526
ROE3.9%
2022: 23.8%23.8%2023: 11.3%11.3%2024: 0.4%0.4%2025: 6.0%6.0%2026: 3.9%3.9%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20226.0%2.55×15.2%1.57×23.8%
20232.8%2.69×7.5%1.51×11.3%
20240.1%2.49×0.3%1.57×0.4%
20251.5%2.47×3.7%1.65×6.0%
20261.0%2.29×2.4%1.65×3.9%

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 ÷ revenue3.5%
2021: 2.1%2.1%2022: 2.1%2.1%2023: 2.6%2.6%2024: 3.6%3.6%2025: 3.3%3.3%2026: 3.5%3.5%212223242526
PPE ÷ total assets7.8%
2021: 5.2%5.2%2022: 5.3%5.3%2023: 7.0%7.0%2024: 8.3%8.3%2025: 8.2%8.2%2026: 7.8%7.8%212223242526

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 Jan 2022FY ending Jan 2023FY ending Jan 2024FY ending Jan 2025FY ending Jan 2026
Revenue11,62612,19812,08512,63812,159
Cost of revenue4,5046,0286,1386,3465,960
Gross profit7,1226,1715,9476,2926,199
SG&A6,1175,6375,8825,9665,963
Operating income1,00553465326236
Pretax income1,01450625281182
Income tax322165139457
Net income attributable to owners69334112187125
Operating margin8.6%4.4%0.5%2.6%1.9%

Balance sheet (reported items)

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

Assets

Cash 25%
8%
Intangibles and goodwill 9%
Other assets 58%

Funding

Other liabilities 41%
Equity 59%

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

ItemFY ending Jan 2022FY ending Jan 2023FY ending Jan 2024FY ending Jan 2025FY ending Jan 2026
Cash and equivalents¥940.2M¥641.3M¥1.12B¥1.1B¥1.36B
Total assets¥4.55B¥4.52B¥5.16B¥5.08B¥5.52B
Net assets¥2.9B¥3.12B¥3.04B¥3.17B¥3.24B
Share capital¥380.5M¥380.5M¥380.5M¥380.5M¥380.5M
Property, plant and equipment¥239.4M¥317.6M¥429.7M¥417.7M¥431.1M
Intangible assets excluding goodwill¥124.3M¥122.9M¥136.8M¥214.9M¥527.8M
Current assets¥3.37B¥3.31B¥3.8B¥3.63B¥3.74B
Current liabilities¥1.6B¥1.35B¥2.01B¥1.82B¥1.99B
Long-term borrowings——¥54.2M¥29.2M¥216.2M
Total liabilities¥1.65B¥1.4B¥2.12B¥1.91B¥2.28B
Equity attributable to owners of parent¥2.9B¥3.12B¥3.04B¥3.17B¥3.24B
Retained earnings¥2.16B¥2.39B¥2.33B¥2.46B¥2.53B
Treasury stock-¥250K-¥9.9M-¥29.6M-¥31.8M-¥31.2M

Sources

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

    有価証券報告書-第67期(2025/02/01-2026/01/31)

    ID S100Y0VC2026-04-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第66期(2024/02/01-2025/01/31)

    ID S100VOBN2025-04-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第65期(2023/02/01-2024/01/31)

    ID S100TC0J2024-04-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第64期(2022/02/01-2023/01/31)

    ID S100QNXD2023-04-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第63期(令和3年2月1日-令和4年1月31日)

    ID S100NYOC2022-04-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第62期(令和2年2月1日-令和3年1月31日)

    ID S100L8UV2021-04-30Open

Extracted from XBRL: 44 / Derived from other figures: 2

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