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MonotaROMonotaRO Co.,Ltd.3064東証プライム小売業FY ending Dec 2025, consolidated, J-GAAP

MonotaRO revenue and profit

Out of every ¥100 of sales, about ¥14 is left as operating profit. Revenue changed +15.9% from the prior year, operating profit +24.6%.

Five-year trend

Revenue¥333.9B
FY ending Dec 2021: ¥189.7B¥189.7BFY ending Dec 2022: ¥226B¥226BFY ending Dec 2023: ¥254.3B¥254.3BFY ending Dec 2024: ¥288.1B¥288.1BFY ending Dec 2025: ¥333.9B¥333.9BFY21FY22FY23FY24FY25
Operating income¥46.2B
FY ending Dec 2021: ¥24.1B¥24.1BFY ending Dec 2022: ¥26.2B¥26.2BFY ending Dec 2023: ¥31.3B¥31.3BFY ending Dec 2024: ¥37.1B¥37.1BFY ending Dec 2025: ¥46.2B¥46.2BFY21FY22FY23FY24FY25
Operating margin13.8%
FY ending Dec 2021: 12.7%12.7%FY ending Dec 2022: 11.6%11.6%FY ending Dec 2023: 12.3%12.3%FY ending Dec 2024: 12.9%12.9%FY ending Dec 2025: 13.8%13.8%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin9.7%
Asset turnover1.97×
ROA19.2%
ROA19.2%
Financial leverage1.50×
ROE28.8%

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

Net margin9.7%
2021: 9.3%9.3%2022: 8.3%8.3%2023: 8.6%8.6%2024: 9.1%9.1%2025: 9.7%9.7%2122232425
Asset turnover1.97×
2021: 1.98×1.98×2022: 2.18×2.18×2023: 2.12×2.12×2024: 2.11×2.11×2025: 1.97×1.97×2122232425
ROA19.2%
2021: 18.3%18.3%2022: 18.0%18.0%2023: 18.2%18.2%2024: 19.3%19.3%2025: 19.2%19.2%2122232425
Financial leverage1.50×
2021: 1.62×1.62×2022: 1.59×1.59×2023: 1.52×1.52×2024: 1.44×1.44×2025: 1.50×1.50×2122232425
ROE28.8%
2021: 29.7%29.7%2022: 28.5%28.5%2023: 27.6%27.6%2024: 27.8%27.8%2025: 28.8%28.8%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20219.3%1.98×18.3%1.62×29.7%
20228.3%2.18×18.0%1.59×28.5%
20238.6%2.12×18.2%1.52×27.6%
20249.1%2.11×19.3%1.44×27.8%
20259.7%1.97×19.2%1.50×28.8%

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 ÷ revenue16.5%
2020: 12.1%12.1%2021: 14.8%14.8%2022: 15.5%15.5%2023: 15.6%15.6%2024: 12.9%12.9%2025: 16.5%16.5%202122232425
PPE ÷ total assets28.4%
2020: 23.5%23.5%2021: 29.3%29.3%2022: 31.4%31.4%2023: 30.8%30.8%2024: 25.7%25.7%2025: 28.4%28.4%202122232425
Goodwill ÷ parent equity—
2020: 1.7%1.7%2021: 1.3%1.3%2022: 1.0%1.0%202122232425
Goodwill balance—
2020: ¥803M¥803M2021: ¥770M¥770M2022: ¥710M¥710M202122232425

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 days45d
2020: 41d41d2021: 42d42d2022: 41d41d2023: 41d41d2024: 41d41d2025: 45d45d202122232425

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 Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue189,731225,970254,286288,119333,880
Cost of revenue135,685160,532178,321203,699234,243
Gross profit54,04565,43775,96484,42099,636
SG&A29,91639,22444,65447,35353,443
Operating income24,12926,21331,30937,06646,192
Pretax income24,26025,55430,77037,17346,038
Income tax6,9197,3599,50511,44614,059
Net income attributable to owners17,55218,65821,81326,33832,434
Operating margin12.7%11.6%12.3%12.9%13.8%

Balance sheet (reported items)

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

Assets

Cash 24%
Receivables 21%
Property, plant and equipment 29%
4%
1%
Other assets 21%

Funding

Other liabilities 36%
Equity 64%

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

ItemFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥11.1B¥8.59B¥18.5B¥30.4B¥47B
Total assets¥95.8B¥111.7B¥128.4B¥145B¥193.2B
Net assets¥60.3B¥72.6B¥87B¥104.3B¥122.9B
Share capital¥2B¥2.04B¥2.04B¥2.04B¥2.05B
Trade receivables¥21.7B¥25.2B¥28.4B¥32.6B¥41.4B
Property, plant and equipment¥28.1B¥35B¥39.6B¥37.3B¥55B
Intangible assets excluding goodwill¥6.33B¥7.09B¥6.36B¥6.52B¥7.68B
Goodwill¥770M¥710M———
Investment securities—¥1.5B¥1.5B¥1.5B¥1.46B
Current assets¥57.1B¥63B¥75.3B¥94.1B¥123.1B
Current liabilities¥23.8B¥31.6B¥37B¥36.5B¥53.6B
Short-term borrowings—¥61M¥221M¥215M¥109M
Long-term borrowings¥9B¥4.92B¥221M—¥13B
Total liabilities¥35.5B¥39.1B¥41.4B¥40.8B¥70.3B
Non-controlling interests¥897M¥482M¥520M¥564M¥413M
Equity attributable to owners of parent¥59.1B¥71.8B¥86B¥103.3B¥122.2B
Retained earnings¥56.6B¥69.2B¥83.6B¥101.5B¥120.7B
Treasury stock-¥413M-¥502M-¥619M-¥747M-¥876M

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第26期(2025/01/01－2025/12/31)

    ID S100XSYP2026-03-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第25期(2024/01/01－2024/12/31)

    ID S100VHTU2025-03-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第24期(2023/01/01－2023/12/31)

    ID S100T4N72024-03-26Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第23期(2022/01/01－2022/12/31)

    ID S100RR6X2023-08-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第22期(令和3年1月1日－令和3年12月31日)

    ID S100NSIX2022-03-30Open

  • EDINET (FSA Japan)

    有価証券報告書－第21期(令和2年1月1日－令和2年12月31日)

    ID S100L2A12021-03-29Open

Extracted from XBRL: 53 / Derived from other figures: 1

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