MS-Japan6539東証プライムサービス業FY ending Mar 2026, consolidated, J-GAAP

MS-Japan revenue and profit

Out of every ¥100 of sales, about ¥22 is left as operating profit. Revenue changed +2.3% from the prior year, operating profit +4.3%.

Five-year trend

Revenue¥7.65B
FY ending Mar 2022: ¥3.76B¥3.76BFY ending Mar 2023: ¥4.29B¥4.29BFY ending Mar 2024: ¥4.57B¥4.57BFY ending Mar 2025: ¥7.47B¥7.47BFY ending Mar 2026: ¥7.65B¥7.65BFY22FY23FY24FY25FY26
Operating income¥1.67B
FY ending Mar 2022: ¥1.58B¥1.58BFY ending Mar 2023: ¥1.79B¥1.79BFY ending Mar 2024: ¥1.62B¥1.62BFY ending Mar 2025: ¥1.6B¥1.6BFY ending Mar 2026: ¥1.67B¥1.67BFY22FY23FY24FY25FY26
Operating margin21.9%
FY ending Mar 2022: 41.9%41.9%FY ending Mar 2023: 41.7%41.7%FY ending Mar 2024: 35.5%35.5%FY ending Mar 2025: 21.5%21.5%FY ending Mar 2026: 21.9%21.9%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin13.5%
Asset turnover0.71×
ROA9.6%
ROA9.6%
Financial leverage1.16×
ROE11.1%

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

Net margin13.5%
2022: 27.5%27.5%2023: 28.5%28.5%2024: 24.8%24.8%2025: 13.8%13.8%2026: 13.5%13.5%2223242526
Asset turnover0.71×
2022: 0.36×0.36×2023: 0.40×0.40×2024: 0.40×0.40×2025: 0.67×0.67×2026: 0.71×0.71×2223242526
ROA9.6%
2022: 9.9%9.9%2023: 11.3%11.3%2024: 10.0%10.0%2025: 9.2%9.2%2026: 9.6%9.6%2223242526
Financial leverage1.16×
2022: 1.12×1.12×2023: 1.11×1.11×2024: 1.13×1.13×2025: 1.14×1.14×2026: 1.16×1.16×2223242526
ROE11.1%
2022: 11.1%11.1%2023: 12.6%12.6%2024: 11.2%11.2%2025: 10.5%10.5%2026: 11.1%11.1%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202227.5%0.36×9.9%1.12×11.1%
202328.5%0.40×11.3%1.11×12.6%
202424.8%0.40×10.0%1.13×11.2%
202513.8%0.67×9.2%1.14×10.5%
202613.5%0.71×9.6%1.16×11.1%

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 ÷ revenue3.2%
2021: 1.6%1.6%2022: 1.2%1.2%2023: 1.0%1.0%2024: 2.9%2.9%2025: 3.0%3.0%2026: 3.2%3.2%212223242526
PPE ÷ total assets2.2%
2021: 0.5%0.5%2022: 0.4%0.4%2023: 0.4%0.4%2024: 1.1%1.1%2025: 2.1%2.1%2026: 2.2%2.2%212223242526
Goodwill ÷ parent equity28.9%
2024: 30.4%30.4%2025: 29.4%29.4%2026: 28.9%28.9%212223242526
Goodwill balance¥2.65B
2024: ¥3.06B¥3.06B2025: ¥2.8B¥2.8B2026: ¥2.65B¥2.65B212223242526

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 Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue3,7594,2934,5757,4747,647
Cost of revenue0111,5511,721
Gross profit3,7594,2934,5745,9235,926
SG&A2,1822,5032,9504,3184,252
Operating income1,5761,7901,6241,6051,674
Pretax income1,5341,7691,6631,6771,680
Income tax501547529607601
Net income attributable to owners1,0331,2231,1351,0331,035
Operating margin41.9%41.7%35.5%21.5%21.9%

Balance sheet (reported items)

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

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥7.42B¥8.73B¥4.67B¥4.23B¥3.85B
Total assets¥10.4B¥11.3B¥11.5B¥10.8B¥10.8B
Net assets¥9.6B¥10.5B¥10.3B¥9.77B¥9.63B
Share capital¥586.4M¥587.2M¥587.2M¥587.2M¥587.3M
Property, plant and equipment¥44.3M¥41M¥132.2M¥227M¥242.8M
Intangible assets excluding goodwill¥227.7M¥225.5M¥3.32B¥3.06B¥2.93B
Goodwill——¥3.06B¥2.8B¥2.65B
Investment securities¥1.86B¥1.89B¥1.57B¥1.46B¥1.91B
Current assets¥8.15B¥8.96B¥6.22B¥5.78B¥5.38B
Current liabilities¥816M¥767.3M¥1.11B¥916.6M¥1.01B
Total liabilities¥816M¥767.3M¥1.17B¥1.07B¥1.18B
Non-controlling interests¥19.1M¥17.9M¥94.7M¥102.8M¥107.1M
Equity attributable to owners of parent¥9.3B¥10.2B¥10.1B¥9.53B¥9.18B
Retained earnings¥7.48B¥8.33B¥8.24B¥7.87B¥7.52B
Treasury stock-¥579K-¥629K-¥658K-¥166.5M-¥160.5M

Sources

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

    有価証券報告書-第36期(2025/04/01-2026/03/31)

    ID S100YEG12026-06-18Open
  • EDINET (FSA Japan)

    有価証券報告書-第35期(2024/04/01-2025/03/31)

    ID S100W3KW2025-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第34期(2023/04/01-2024/03/31)

    ID S100TU9C2024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第33期(2022/04/01-2023/03/31)

    ID S100R8492023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第32期(令和3年4月1日-令和4年3月31日)

    ID S100OGVV2022-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第31期(令和2年4月1日-令和3年3月31日)

    ID S100LSBB2021-06-28Open

Extracted from XBRL: 49 / Derived from other figures: 1

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