Mitsubishi Research InstituteMitsubishi Research Institute, Inc.3636東証プライム情報・通信業FY ending Sep 2025, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥7 is left as operating profit. Revenue changed +5.3% from the prior year, operating profit +13.5%.
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 | 4.9% | 1.03× | 5.0% | 1.84× | 9.3% |
| 2022 | 6.6% | 1.09× | 7.2% | 1.86× | 13.4% |
| 2023 | 5.1% | 1.05× | 5.4% | 1.87× | 10.1% |
| 2024 | 4.3% | 0.97× | 4.2% | 1.85× | 7.8% |
| 2025 | 5.3% | 0.98× | 5.2% | 1.85× | 9.5% |
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 Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 |
|---|---|---|---|---|---|
| Revenue | 103,030 | 116,620 | 122,126 | 115,362 | 121,458 |
| Cost of revenue | 79,582 | 90,039 | 96,142 | 89,942 | 92,718 |
| Gross profit | 23,447 | 26,580 | 25,984 | 25,419 | 28,739 |
| SG&A | 16,593 | 17,415 | 17,295 | 18,358 | 20,728 |
| Operating income | 6,853 | 9,165 | 8,688 | 7,060 | 8,010 |
| Pretax income | 7,826 | 12,160 | 9,620 | 7,981 | 10,241 |
| Income tax | 2,226 | 3,548 | 2,482 | 2,420 | 3,015 |
| Net income attributable to owners | 5,009 | 7,707 | 6,287 | 5,003 | 6,386 |
| Operating margin | 6.7% | 7.9% | 7.1% | 6.1% | 6.6% |
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 Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥29.1B | ¥27.9B | ¥24.9B | ¥30.6B | ¥30B |
| Total assets | ¥99.7B | ¥114.7B | ¥118B | ¥119.7B | ¥128.1B |
| Net assets | ¥63.8B | ¥71.2B | ¥74.4B | ¥76.4B | ¥81.3B |
| Share capital | ¥6.34B | ¥6.34B | ¥6.34B | ¥6.34B | ¥6.34B |
| Trade receivables | ¥17.7B | — | — | — | — |
| Inventories | ¥9.85B | ¥336M | ¥342M | ¥208M | ¥477M |
| Property, plant and equipment | ¥11.3B | ¥10.7B | ¥12.1B | ¥10.9B | ¥12.8B |
| Intangible assets excluding goodwill | ¥5.65B | ¥5.49B | ¥6.25B | ¥6.83B | ¥7.1B |
| Investment securities | ¥15.7B | ¥16.3B | ¥19.8B | ¥18.1B | ¥19.1B |
| Current assets | ¥59.1B | ¥73.9B | ¥71.2B | ¥74.3B | ¥79.5B |
| Current liabilities | ¥20.6B | ¥30.2B | ¥30.8B | ¥31.1B | ¥34.1B |
| Long-term borrowings | ¥900M | ¥500M | — | — | — |
| Total liabilities | ¥35.9B | ¥43.5B | ¥43.6B | ¥43.4B | ¥46.8B |
| Non-controlling interests | ¥7.56B | ¥8.1B | ¥8.58B | ¥8.74B | ¥9.42B |
| Equity attributable to owners of parent | ¥54.1B | ¥61.2B | ¥63.4B | ¥65B | ¥68.9B |
| Retained earnings | ¥43.7B | ¥50.7B | ¥54.5B | ¥57B | ¥59B |
| Treasury stock | -¥762M | -¥622M | -¥2.39B | -¥3.26B | -¥1.34B |
EDINET (FSA Japan)
有価証券報告書－第56期(2024/10/01－2025/09/30)
EDINET (FSA Japan)
有価証券報告書－第55期(2023/10/01－2024/09/30)
EDINET (FSA Japan)
有価証券報告書－第54期(2022/10/01－2023/09/30)
EDINET (FSA Japan)
有価証券報告書－第53期(令和3年10月1日－令和4年9月30日)
EDINET (FSA Japan)
有価証券報告書－第52期(令和2年10月1日－令和3年9月30日)
EDINET (FSA Japan)
有価証券報告書－第51期(令和1年10月1日－令和2年9月30日)
Extracted from XBRL: 51 / Derived from other figures: 1
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