Mugen EstateMUGEN ESTATE Co.,Ltd.3299東証スタンダード不動産業FY ending Dec 2025, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥16 is left as operating profit. Revenue changed +9.8% from the prior year, operating profit +14.8%.
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 | 3.8% | 0.54× | 2.0% | 2.68× | 5.4% |
| 2022 | 5.0% | 0.45× | 2.2% | 2.92× | 6.5% |
| 2023 | 7.1% | 0.65× | 4.6% | 3.02× | 14.0% |
| 2024 | 9.8% | 0.74× | 7.3% | 2.81× | 20.4% |
| 2025 | 9.8% | 0.70× | 6.9% | 2.87× | 19.7% |
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
| Item | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 33,956 | 31,242 | 51,640 | 62,187 | 68,262 |
| Cost of revenue | 28,168 | 24,092 | 40,233 | 45,622 | 48,934 |
| Gross profit | 5,788 | 7,150 | 11,406 | 16,564 | 19,328 |
| SG&A | 3,445 | 4,173 | 5,469 | 6,941 | 8,278 |
| Operating income | 2,342 | 2,976 | 5,936 | 9,623 | 11,049 |
| Pretax income | 1,776 | 2,278 | 5,222 | 8,853 | 9,947 |
| Income tax | 500 | 713 | 1,568 | 2,766 | 3,287 |
| Net income attributable to owners | 1,276 | 1,564 | 3,653 | 6,086 | 6,659 |
| Operating margin | 6.9% | 9.5% | 11.5% | 15.5% | 16.2% |
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 Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥16.1B | ¥16.3B | ¥19B | ¥20.5B | ¥19.2B |
| Total assets | ¥62.8B | ¥77.4B | ¥80.4B | ¥87.5B | ¥106.7B |
| Net assets | ¥23.5B | ¥24.6B | ¥27.8B | ¥32.1B | ¥35.8B |
| Share capital | ¥2.55B | ¥2.55B | ¥2.55B | ¥2.55B | ¥2.55B |
| Property, plant and equipment | ¥7.61B | ¥6.43B | ¥5.16B | ¥2.77B | ¥5.93B |
| Intangible assets excluding goodwill | ¥85M | ¥84M | ¥81M | ¥79M | ¥113M |
| Investment securities | ¥21M | ¥21M | ¥7M | ¥0 | ¥1.17B |
| Current assets | ¥54.4B | ¥70.2B | ¥74.2B | ¥83.7B | ¥98.4B |
| Current liabilities | ¥12.2B | ¥18.5B | ¥19.5B | ¥22.3B | ¥30B |
| Short-term borrowings | ¥4.74B | ¥6.02B | ¥9.15B | ¥7.82B | ¥10.7B |
| Long-term borrowings | ¥23.2B | ¥29B | ¥25.9B | ¥28.8B | ¥35.1B |
| Bonds | ¥3.22B | ¥4.62B | ¥6.15B | ¥3B | ¥4.36B |
| Interest-bearing debt | ¥31.1Bderived | ¥39.7Bderived | ¥41.2Bderived | ¥39.6Bderived | ¥50.2Bderived |
| Total liabilities | ¥39.2B | ¥52.8B | ¥52.5B | ¥55.4B | ¥70.9B |
| Equity attributable to owners of parent | ¥23.5B | ¥24.5B | ¥27.8B | ¥32B | ¥35.7B |
| Retained earnings | ¥18.8B | ¥20B | ¥23.2B | ¥27.8B | ¥31B |
| Treasury stock | -¥401M | -¥543M | -¥483M | -¥919M | -¥747M |
EDINET (FSA Japan)
有価証券報告書－第36期(2025/01/01－2025/12/31)
EDINET (FSA Japan)
有価証券報告書－第35期(2024/01/01－2024/12/31)
EDINET (FSA Japan)
有価証券報告書－第34期(2023/01/01－2023/12/31)
EDINET (FSA Japan)
有価証券報告書－第33期(2022/01/01－2022/12/31)
EDINET (FSA Japan)
有価証券報告書－第32期(令和3年1月1日－令和3年12月31日)
EDINET (FSA Japan)
有価証券報告書－第31期(令和2年1月1日－令和2年12月31日)
Extracted from XBRL: 50 / Derived from other figures: 2
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