MrsoMRSO Inc.5619東証グロース情報・通信業FY ending Dec 2025, consolidated, J-GAAP

Mrso revenue and profit

It lost about ¥3 for every ¥100 of sales at the operating level. Revenue changed -19.1% from the prior year, operating profit -121.5%.

Five-year trend

Revenue¥1.08B
FY ending Dec 2022: ¥2.25B¥2.25BFY ending Dec 2023: ¥1.81B¥1.81BFY ending Dec 2024: ¥1.33B¥1.33BFY ending Dec 2025: ¥1.08B¥1.08BFY22FY23FY24FY25
Operating income-¥33.9M
FY ending Dec 2022: ¥995.4M¥995.4MFY ending Dec 2023: ¥618.9M¥618.9MFY ending Dec 2024: ¥157.5M¥157.5MFY ending Dec 2025: -¥33.9M-¥33.9MFY22FY23FY24FY25
Operating margin-3.1%
FY ending Dec 2022: 44.2%44.2%FY ending Dec 2023: 34.2%34.2%FY ending Dec 2024: 11.8%11.8%FY ending Dec 2025: -3.1%-3.1%FY22FY23FY24FY25

What drives ROE

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

Net margin—
2022: 29.0%29.0%2023: 21.4%21.4%2024: 7.6%7.6%22232425
Asset turnover—
2022: 1.08×1.08×2023: 0.84×0.84×2024: 0.59×0.59×22232425
ROA-1.1%
2022: 31.4%31.4%2023: 17.9%17.9%2024: 4.5%4.5%2025: -1.1%-1.1%22232425
Financial leverage—
2022: 1.56×1.56×2023: 1.35×1.35×2024: 1.11×1.11×22232425
ROE—
2022: 48.9%48.9%2023: 24.1%24.1%2024: 5.0%5.0%22232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
202229.0%1.08×31.4%1.56×48.9%
202321.4%0.84×17.9%1.35×24.1%
20247.6%0.59×4.5%1.11×5.0%
2025——×-1.1%—×—

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 ÷ revenue0.0%
2024: 0.0%0.0%2025: 0.0%0.0%2425
PPE ÷ total assets0.0%
2024: 0.0%0.0%2025: 0.0%0.0%2425

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.

R&D spending¥73.9M
2024: ¥46.4M¥46.4M2025: ¥73.9M¥73.9M2425
R&D / revenue6.9%
2024: 3.5%3.5%2025: 6.9%6.9%2425

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 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue2,2511,8091,3331,078
Cost of revenue465359304254
Gross profit1,7861,4511,029824
SG&A791832871858
Operating income995619158-34
Pretax income997602157-33
Income tax34321456-10
Net income attributable to owners654388101-23
Operating margin44.2%34.2%11.8%-3.1%

Balance sheet (reported items)

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

Assets

Cash 79%
0%
0%
5%
Other assets 16%

Funding

8%
Equity 92%
0%

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

ItemFY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥1.74B¥1.93B¥1.81B¥1.68B
Total assets¥2.08B¥2.25B¥2.26B¥2.12B
Net assets¥1.34B¥1.88B¥2.02B¥1.95B
Share capital¥100M¥100M¥122.4M¥122.4M
Property, plant and equipment¥1.1M¥838K¥411K¥362K
Intangible assets excluding goodwill¥15.6M¥11.4M¥6.6M¥3.9M
Investment securities——¥60M¥109.8M
Current assets¥1.97B¥2.16B¥2.11B¥1.93B
Current liabilities¥728.6M¥365.6M¥234.5M¥167.5M
Long-term borrowings¥15.4M¥7.4M——
Total liabilities¥744M¥373M¥234.5M¥167.5M
Equity attributable to owners of parent¥1.34B¥1.88B¥2.03B¥1.95B
Retained earnings¥1.09B¥1.47B¥1.57B¥1.55B
Treasury stock-¥60M—-¥115K-¥49.2M

Sources

Show source documents (3)
  • EDINET (FSA Japan)

    有価証券報告書-第11期(2025/01/01-2025/12/31)

    ID S100XU722026-03-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第10期(2024/01/01-2024/12/31)

    ID S100VI362025-03-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第9期(2023/01/01-2023/12/31)

    ID S100T4CT2024-03-29Open

Extracted from XBRL: 42 / Derived from other figures: 1

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