Nippon InsureNippon Insure Co., Ltd.5843東証スタンダードその他金融業FY ending Sep 2025, non-consolidated, J-GAAP

Nippon Insure revenue and profit

Out of every ¥100 of sales, about ¥20 is left as operating profit. Revenue changed +16.0% from the prior year, operating profit +81.5%.

Five-year trend

Revenue¥3.74B
FY ending Sep 2022: ¥2.6B¥2.6BFY ending Sep 2023: ¥2.88B¥2.88BFY ending Sep 2024: ¥3.22B¥3.22BFY ending Sep 2025: ¥3.74B¥3.74BFY22FY23FY24FY25
Operating income¥759.1M
FY ending Sep 2022: ¥396.3M¥396.3MFY ending Sep 2023: ¥291.7M¥291.7MFY ending Sep 2024: ¥418.2M¥418.2MFY ending Sep 2025: ¥759.1M¥759.1MFY22FY23FY24FY25
Operating margin20.3%
FY ending Sep 2022: 15.2%15.2%FY ending Sep 2023: 10.1%10.1%FY ending Sep 2024: 13.0%13.0%FY ending Sep 2025: 20.3%20.3%FY22FY23FY24FY25

What drives ROE

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

Net margin14.1%
Asset turnover0.75×
ROA10.6%
ROA10.6%
Financial leverage2.22×
ROE23.6%

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

Net margin14.1%
2022: 9.8%9.8%2023: 6.8%6.8%2024: 8.7%8.7%2025: 14.1%14.1%22232425
Asset turnover0.75×
2022: 0.89×0.89×2023: 0.91×0.91×2024: 0.80×0.80×2025: 0.75×0.75×22232425
ROA10.6%
2022: 8.8%8.8%2023: 6.2%6.2%2024: 7.0%7.0%2025: 10.6%10.6%22232425
Financial leverage2.22×
2022: 3.21×3.21×2023: 3.15×3.15×2024: 2.60×2.60×2025: 2.22×2.22×22232425
ROE23.6%
2022: 28.2%28.2%2023: 19.6%19.6%2024: 18.2%18.2%2025: 23.6%23.6%22232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20229.8%0.89×8.8%3.21×28.2%
20236.8%0.91×6.2%3.15×19.6%
20248.7%0.80×7.0%2.60×18.2%
202514.1%0.75×10.6%2.22×23.6%

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 ÷ revenue0.7%
2022: 1.3%1.3%2023: 1.2%1.2%2024: 0.9%0.9%2025: 0.7%0.7%22232425
PPE ÷ total assets0.5%
2022: 1.2%1.2%2023: 1.0%1.0%2024: 0.7%0.7%2025: 0.5%0.5%22232425

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 Sep 2022FY ending Sep 2023FY ending Sep 2024FY ending Sep 2025
Revenue2,6052,8773,2213,738
Cost of revenue1,0171,2041,3351,396
Gross profit1,5881,6721,8862,342
SG&A1,1911,3811,4681,583
Operating income396292418759
Pretax income406292410775
Income tax15195130247
Net income attributable to owners255197280528
Operating margin15.2%10.1%13.0%20.3%

Balance sheet (reported items)

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

Assets

Cash 52%
1%
2%
0%
Other assets 45%

Funding

Other liabilities 53%
Equity 47%
0%

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

ItemFY ending Sep 2022FY ending Sep 2023FY ending Sep 2024FY ending Sep 2025
Cash and equivalents¥1.62B¥1.73B¥2.46B¥2.76B
Total assets¥2.91B¥3.41B¥4.6B¥5.34B
Net assets¥905.6M¥1.1B¥1.98B¥2.49B
Share capital¥50M¥50M¥347.6M¥357.3M
Property, plant and equipment¥33.8M¥34.8M¥30.2M¥26.3M
Intangible assets excluding goodwill¥62.5M¥61.9M¥81.6M¥112.2M
Investment securities¥20M¥20M¥20M¥20M
Current assets¥2.53B¥2.94B¥4.05B¥4.72B
Current liabilities¥1.92B¥2.22B¥2.52B¥2.72B
Short-term borrowings¥374.1M¥479.5M¥483.5M¥481M
Long-term borrowings¥8.1M¥7.2M¥6.4M¥5.5M
Total liabilities¥2.01B¥2.31B¥2.62B¥2.84B
Equity attributable to owners of parent¥905.6M¥1.1B¥1.98B¥2.49B
Retained earnings¥785.4M¥982.3M¥1.26B¥1.76B
Treasury stock———-¥236K

Sources

Show source documents (3)
  • EDINET (FSA Japan)

    有価証券報告書-第25期(2024/10/01-2025/09/30)

    ID S100XCA42025-12-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第24期(2023/10/01-2024/09/30)

    ID S100V0BL2024-12-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第23期(2022/10/01-2023/09/30)

    ID S100SJ0S2023-12-25Open

Extracted from XBRL: 46 / Derived from other figures: 1

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