Vizora日本語

NetstarsNETSTARS Co.,Ltd.5590東証グロース情報・通信業FY ending Dec 2025, consolidated, J-GAAP

Netstars revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed +22.7% from the prior year, and it swung back to an operating profit.

Five-year trend

Revenue¥4.79B
FY ending Dec 2022: ¥2.99B¥2.99BFY ending Dec 2023: ¥3.72B¥3.72BFY ending Dec 2024: ¥3.9B¥3.9BFY ending Dec 2025: ¥4.79B¥4.79BFY22FY23FY24FY25
Operating income¥293.1M
FY ending Dec 2022: -¥554.7M-¥554.7MFY ending Dec 2023: -¥321.7M-¥321.7MFY ending Dec 2024: -¥84.3M-¥84.3MFY ending Dec 2025: ¥293.1M¥293.1MFY22FY23FY24FY25
Operating margin6.1%
FY ending Dec 2022: -18.6%-18.6%FY ending Dec 2023: -8.6%-8.6%FY ending Dec 2024: -2.2%-2.2%FY ending Dec 2025: 6.1%6.1%FY22FY23FY24FY25

What drives ROE

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

Net margin10.1%
Asset turnover0.13×
ROA1.3%
ROA1.3%
Financial leverage5.11×
ROE6.7%

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

Net margin10.1%
2025: 10.1%10.1%22232425
Asset turnover0.13×
2025: 0.13×0.13×22232425
ROA1.3%
2022: -2.7%-2.7%2023: -1.4%-1.4%2024: -0.1%-0.1%2025: 1.3%1.3%22232425
Financial leverage5.11×
2025: 5.11×5.11×22232425
ROE6.7%
2025: 6.7%6.7%22232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×-2.7%—×—
2023——×-1.4%—×—
2024——×-0.1%—×—
202510.1%0.13×1.3%5.11×6.7%

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 ÷ revenue0.5%
2022: 1.0%1.0%2023: 0.9%0.9%2024: 0.6%0.6%2025: 0.5%0.5%22232425
PPE ÷ total assets0.1%
2022: 0.1%0.1%2023: 0.1%0.1%2024: 0.1%0.1%2025: 0.1%0.1%22232425
Goodwill ÷ parent equity—
2022: 0.3%0.3%2023: 0.2%0.2%2024: 0.0%0.0%22232425
Goodwill balance—
2022: ¥20.1M¥20.1M2023: ¥11.7M¥11.7M2024: ¥2.5M¥2.5M22232425

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 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue2,9873,7213,9024,788
Cost of revenue1,1221,0999241,122
Gross profit1,8652,6222,9783,666
SG&A2,4202,9433,0633,373
Operating income-555-322-84293
Pretax income-569-343-31402
Income tax446-83
Net income attributable to owners-573-348-38485
Operating margin-18.6%-8.6%-2.2%6.1%

Balance sheet (reported items)

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

Assets

Cash 94%
0%
1%
1%
4%

Funding

Other liabilities 80%
Equity 20%
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¥19.7B¥26.5B¥33.9B¥36.2B
Total assets¥21.6B¥28.4B¥35.7B¥38.4B
Net assets¥6.46B¥7.07B¥7.11B¥7.63B
Share capital¥3.98B¥4.45B¥4.46B¥4.49B
Property, plant and equipment¥30M¥34M¥24.6M¥26.3M
Intangible assets excluding goodwill¥755.7M¥726.1M¥649.5M¥517.3M
Goodwill¥20.1M¥11.7M¥2.5M—
Investment securities¥251.2M¥251.2M¥326M¥283M
Current assets¥20.4B¥27.2B¥34.6B¥37.2B
Current liabilities¥15.1B¥21.3B¥28.6B¥30.7B
Total liabilities¥15.1B¥21.3B¥28.6B¥30.7B
Equity attributable to owners of parent¥6.41B¥7B¥6.97B¥7.53B
Retained earnings-¥4.79B-¥5.14B-¥5.18B-¥4.69B
Treasury stock——-¥77K-¥77K

Sources

Show source documents (3)

  • EDINET (FSA Japan)

    有価証券報告書－第17期(2025/01/01－2025/12/31)

    ID S100XTGZ2026-03-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第16期(2024/01/01－2024/12/31)

    ID S100VHQQ2025-03-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第15期(2023/01/01－2023/12/31)

    ID S100T6402024-03-29Open

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

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.

Open MarkdownShare on XSave image