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Nakamichi LeasingNakamichi Leasing Co., Ltd.8594札幌証券取引所その他金融業FY ending Dec 2025, non-consolidated, J-GAAP

Nakamichi Leasing revenue and profit

Out of every ¥100 of sales, about ¥3 is left as operating profit. Revenue changed +3.4% from the prior year, operating profit +9.1%.

Five-year trend

Revenue¥51.2B
FY ending Dec 2021: ¥39.3B¥39.3BFY ending Dec 2022: ¥43.6B¥43.6BFY ending Dec 2023: ¥43.2B¥43.2BFY ending Dec 2024: ¥49.5B¥49.5BFY ending Dec 2025: ¥51.2B¥51.2BFY21FY22FY23FY24FY25
Operating income¥1.67B
FY ending Dec 2021: ¥669.3M¥669.3MFY ending Dec 2022: ¥743.7M¥743.7MFY ending Dec 2023: ¥1.04B¥1.04BFY ending Dec 2024: ¥1.53B¥1.53BFY ending Dec 2025: ¥1.67B¥1.67BFY21FY22FY23FY24FY25
Operating margin3.3%
FY ending Dec 2021: 1.7%1.7%FY ending Dec 2022: 1.7%1.7%FY ending Dec 2023: 2.4%2.4%FY ending Dec 2024: 3.1%3.1%FY ending Dec 2025: 3.3%3.3%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin2.2%
Asset turnover0.33×
ROA0.7%
ROA0.7%
Financial leverage13.06×
ROE9.3%

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

Net margin2.2%
2021: 1.3%1.3%2022: 1.3%1.3%2023: 1.7%1.7%2024: 2.5%2.5%2025: 2.2%2.2%2122232425
Asset turnover0.33×
2021: 0.29×0.29×2022: 0.31×0.31×2023: 0.29×0.29×2024: 0.32×0.32×2025: 0.33×0.33×2122232425
ROA0.7%
2021: 0.4%0.4%2022: 0.4%0.4%2023: 0.5%0.5%2024: 0.8%0.8%2025: 0.7%0.7%2122232425
Financial leverage13.06×
2021: 15.73×15.73×2022: 15.26×15.26×2023: 14.69×14.69×2024: 14.11×14.11×2025: 13.06×13.06×2122232425
ROE9.3%
2021: 5.7%5.7%2022: 6.2%6.2%2023: 7.4%7.4%2024: 11.2%11.2%2025: 9.3%9.3%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20211.3%0.29×0.4%15.73×5.7%
20221.3%0.31×0.4%15.26×6.2%
20231.7%0.29×0.5%14.69×7.4%
20242.5%0.32×0.8%14.11×11.2%
20252.2%0.33×0.7%13.06×9.3%

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 ÷ revenue34.5%
2020: 35.2%35.2%2021: 45.7%45.7%2022: 41.8%41.8%2023: 42.2%42.2%2024: 37.2%37.2%2025: 34.5%34.5%202122232425
PPE ÷ total assets11.5%
2020: 11.4%11.4%2021: 13.1%13.1%2022: 12.6%12.6%2023: 12.0%12.0%2024: 11.6%11.6%2025: 11.5%11.5%202122232425

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 Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue39,29343,56843,17749,54051,234
Cost of revenue35,98140,11339,74945,51946,579
Gross profit3,3133,4553,4284,0214,655
SG&A2,6432,7112,3842,4892,984
Operating income6697441,0441,5321,670
Pretax income7498741,1221,8071,621
Income tax257307373573512
Net income attributable to owners4925677481,2341,109
Operating margin1.7%1.7%2.4%3.1%3.3%

Balance sheet (reported items)

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

Assets

8%
Property, plant and equipment 12%
0%
4%
Other assets 76%

Funding

Interest-bearing debt 47%
Other liabilities 45%
8%

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¥6.93B¥6.73B¥7.21B¥13.1B¥12.3B
Total assets¥136.4B¥144.2B¥151.4B¥158.6B¥153.4B
Net assets¥8.8B¥9.88B¥10.7B¥12B¥13.2B
Share capital¥2.3B¥2.3B¥2.3B¥2.3B¥2.3B
Property, plant and equipment¥17.9B¥18.2B¥18.2B¥18.4B¥17.7B
Intangible assets excluding goodwill¥68.1M¥89.8M¥98.6M¥93.4M¥255.6M
Investment securities¥3.85B¥4.57B¥5.58B¥5.75B¥5.84B
Current assets¥110.4B¥117.2B¥123.4B¥130.2B¥125.7B
Current liabilities¥46.6B¥46B¥46.1B¥47.5B¥50.1B
Short-term borrowings¥4.47B¥2.77B¥2.57B¥3.54B¥2.6B
Long-term borrowings¥62.6B¥66.1B¥67.8B¥69.9B¥67.2B
Bonds¥5.86B¥5.95B¥5.41B¥6.58B¥1.68B
Interest-bearing debt¥72.9Bderived¥74.8Bderived¥75.8Bderived¥80.1Bderived¥71.5Bderived
Total liabilities¥127.6B¥134.3B¥140.7B¥146.6B¥140.2B
Equity attributable to owners of parent¥8.67B¥9.72B¥10.4B¥11.6B¥12.3B
Retained earnings¥4.46B¥5.5B¥6.19B¥7.33B¥8.31B
Treasury stock-¥217.2M-¥215.2M-¥213M-¥211M-¥412.8M

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第54期(2025/01/01－2025/12/31)

    ID S100XSCO2026-03-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第53期(2024/01/01－2024/12/31)

    ID S100VG4Q2025-03-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第52期(2023/01/01－2023/12/31)

    ID S100T3WJ2024-03-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第51期(2022/01/01－2022/12/31)

    ID S100QEZM2023-03-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第50期(令和3年1月1日－令和3年12月31日)

    ID S100NO202022-03-17Open

  • EDINET (FSA Japan)

    有価証券報告書－第49期(令和2年1月1日－令和2年12月31日)

    ID S100KZBM2021-03-19Open

Extracted from XBRL: 48 / Derived from other figures: 1

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