PAPA Co., Ltd4766東証スタンダードサービス業FY ending Dec 2025, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed +7.7% from the prior year, operating profit +89.8%.
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 | — | —× | -20.0% | —× | — |
| 2022 | 3.0% | 1.22× | 3.6% | 3.93× | 14.2% |
| 2023 | 2.5% | 1.33× | 3.3% | 3.59× | 12.0% |
| 2024 | 3.9% | 1.39× | 5.5% | 3.10× | 16.9% |
| 2025 | 4.7% | 1.48× | 7.0% | 2.76× | 19.3% |
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
Track R&D investment and how long operating capital remains tied up before sales turn into cash.
R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.
| Item | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 1,582 | 1,666 | 1,786 | 1,877 | 2,021 |
| Cost of revenue | 897 | 922 | 1,003 | 1,105 | 1,236 |
| Gross profit | 685 | 744 | 784 | 772 | 785 |
| SG&A | 745 | 703 | 724 | 705 | 658 |
| Operating income | -60 | 41 | 60 | 67 | 127 |
| Pretax income | -262 | 73 | 63 | 68 | 119 |
| Income tax | 21 | 24 | 17 | -3 | 23 |
| Net income attributable to owners | -281 | 49 | 45 | 73 | 96 |
| Operating margin | -3.8% | 2.5% | 3.3% | 3.6% | 6.3% |
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 | ¥853.2M | ¥822.3M | ¥877.7M | ¥824.3M | ¥803.7M |
| Total assets | ¥1.4B | ¥1.33B | ¥1.36B | ¥1.34B | ¥1.4B |
| Net assets | ¥353.1M | ¥353.4M | ¥398.4M | ¥465.8M | ¥520.8M |
| Share capital | ¥514.1M | ¥514.1M | ¥514.1M | ¥10M | ¥10M |
| Trade receivables | ¥198.9M | — | — | — | — |
| Inventories | ¥195K | ¥2.2M | ¥4M | ¥151K | ¥195K |
| Property, plant and equipment | ¥172.4M | ¥178.6M | ¥162M | ¥151.6M | ¥177.4M |
| Intangible assets excluding goodwill | ¥217K | ¥212K | ¥448K | ¥344K | ¥240K |
| Current assets | ¥1.15B | ¥1.08B | ¥1.11B | ¥1.09B | ¥1.1B |
| Current liabilities | ¥727.8M | ¥678.3M | ¥715.8M | ¥706.1M | ¥766.6M |
| Trade payables | ¥17.1M | ¥36.4M | ¥30M | ¥30.6M | ¥35.6M |
| Short-term borrowings | ¥495M | ¥450M | ¥450M | ¥450M | ¥490M |
| Long-term borrowings | ¥224M | ¥200.5M | ¥145.5M | ¥90.5M | ¥35.5M |
| Total liabilities | ¥1.05B | ¥978.7M | ¥957.7M | ¥871.7M | ¥877.1M |
| Non-controlling interests | ¥1.9M | ¥2.8M | ¥3M | ¥494K | ¥215K |
| Equity attributable to owners of parent | ¥342.7M | ¥352.2M | ¥397.2M | ¥470.6M | ¥521.3M |
| Retained earnings | -¥499.9M | -¥490.4M | -¥445.4M | ¥264.9M | ¥315.6M |
| Treasury stock | -¥71.3M | -¥71.3M | -¥71.3M | -¥71.3M | -¥71.4M |
EDINET (FSA Japan)
有価証券報告書－第40期(2025/01/01－2025/12/31)
EDINET (FSA Japan)
有価証券報告書－第39期(2024/01/01－2024/12/31)
EDINET (FSA Japan)
有価証券報告書－第38期(2023/01/01－2023/12/31)
EDINET (FSA Japan)
訂正有価証券報告書－第37期(2022/01/01－2022/12/31)
EDINET (FSA Japan)
有価証券報告書－第36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35期(令和2年1月1日－令和2年12月31日)
Extracted from XBRL: 52 / Derived from other figures: 1
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