Nippon GrandeNippon Grande Co.,Ltd.2976札幌証券取引所不動産業FY ending Mar 2026, consolidated, J-GAAP

Nippon Grande revenue and profit

Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +35.9% from the prior year, and it swung back to an operating profit.

Five-year trend

Revenue¥3.66B
FY ending Mar 2022: ¥4.67B¥4.67BFY ending Mar 2023: ¥4.56B¥4.56BFY ending Mar 2024: ¥3.89B¥3.89BFY ending Mar 2025: ¥2.69B¥2.69BFY ending Mar 2026: ¥3.66B¥3.66BFY22FY23FY24FY25FY26
Operating income¥139.1M
FY ending Mar 2022: ¥149.9M¥149.9MFY ending Mar 2023: ¥200.4M¥200.4MFY ending Mar 2024: ¥106M¥106MFY ending Mar 2025: -¥88.8M-¥88.8MFY ending Mar 2026: ¥139.1M¥139.1MFY22FY23FY24FY25FY26
Operating margin3.8%
FY ending Mar 2022: 3.2%3.2%FY ending Mar 2023: 4.4%4.4%FY ending Mar 2024: 2.7%2.7%FY ending Mar 2025: -3.3%-3.3%FY ending Mar 2026: 3.8%3.8%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin2.4%
Asset turnover0.70×
ROA1.7%
ROA1.7%
Financial leverage2.68×
ROE4.5%

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

Net margin2.4%
2022: 2.7%2.7%2023: 3.4%3.4%2024: 1.2%1.2%2026: 2.4%2.4%2223242526
Asset turnover0.70×
2022: 0.56×0.56×2023: 0.55×0.55×2024: 0.51×0.51×2026: 0.70×0.70×2223242526
ROA1.7%
2022: 1.5%1.5%2023: 1.9%1.9%2024: 0.6%0.6%2025: -1.1%-1.1%2026: 1.7%1.7%2223242526
Financial leverage2.68×
2022: 4.56×4.56×2023: 4.42×4.42×2024: 3.83×3.83×2026: 2.68×2.68×2223242526
ROE4.5%
2022: 6.8%6.8%2023: 8.3%8.3%2024: 2.4%2.4%2026: 4.5%4.5%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20222.7%0.56×1.5%4.56×6.8%
20233.4%0.55×1.9%4.42×8.3%
20241.2%0.51×0.6%3.83×2.4%
2025——×-1.1%—×—
20262.4%0.70×1.7%2.68×4.5%

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 ÷ revenue79.4%
2021: 74.2%74.2%2022: 68.5%68.5%2023: 68.3%68.3%2024: 77.8%77.8%2025: 108.0%108.0%2026: 79.4%79.4%212223242526
PPE ÷ total assets60.2%
2021: 36.5%36.5%2022: 38.7%38.7%2023: 36.8%36.8%2024: 44.9%44.9%2025: 51.1%51.1%2026: 60.2%60.2%212223242526

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
Revenue4,6664,5643,8912,6903,655
Cost of revenue3,9233,7973,1982,2423,074
Gross profit743767693449581
SG&A593566587537442
Operating income150200106-89139
Pretax income16622971-61112
Income tax427223524
Net income attributable to owners12415748-6687
Operating margin3.2%4.4%2.7%-3.3%3.8%

Balance sheet (reported items)

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

Assets

Cash 25%
Property, plant and equipment 60%
0%
0%
Other assets 15%

Funding

Interest-bearing debt 46%
Other liabilities 12%
Equity 42%

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

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥3.07B¥2.56B¥1.48B¥604.3M¥1.19B
Total assets¥8.26B¥8.47B¥6.75B¥5.69B¥4.82B
Net assets¥1.81B¥1.97B¥2B¥1.92B¥2.01B
Share capital¥175.8M¥182.7M¥182.7M¥182.7M¥182.7M
Property, plant and equipment¥3.19B¥3.12B¥3.03B¥2.91B¥2.9B
Intangible assets excluding goodwill¥4.1M¥3M¥6.9M¥4.7M¥2.7M
Investment securities¥845K¥16.1M¥20.2M¥19.4M¥20.5M
Current assets¥5.03B¥5.29B¥3.67B¥2.73B¥1.87B
Current liabilities¥3.72B¥3.98B¥2.43B¥1.51B¥809M
Short-term borrowings¥1.19B¥1.48B¥1.2B¥572.2M¥318M
Long-term borrowings¥2.62B¥2.42B¥2.2B¥1.99B¥1.78B
Bonds———¥175M¥125M
Interest-bearing debt———¥2.74Bderived¥2.23Bderived
Total liabilities¥6.45B¥6.49B¥4.74B¥3.77B¥2.82B
Equity attributable to owners of parent¥1.81B¥1.97B¥2B¥1.92B¥2.01B
Retained earnings¥1.56B¥1.71B¥1.74B¥1.65B¥1.74B

Sources

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

    有価証券報告書-第23期(2025/04/01-2026/03/31)

    ID S100YIXO2026-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第22期(2024/04/01-2025/03/31)

    ID S100W60G2025-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第21期(2023/04/01-2024/03/31)

    ID S100TUVS2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第20期(2022/04/01-2023/03/31)

    ID S100R2D82023-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第19期(令和3年4月1日-令和4年3月31日)

    ID S100OCXZ2022-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第18期(令和2年4月1日-令和3年3月31日)

    ID S100LQ5O2021-06-25Open

Extracted from XBRL: 45 / Derived from other figures: 2

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