PIAPIA CORPORATION4337東証プライムサービス業FY ending Mar 2026, consolidated, J-GAAP

PIA revenue and profit

Out of every ¥100 of sales, about ¥8 is left as operating profit. Revenue changed +22.0% from the prior year, operating profit +63.5%.

Five-year trend

Revenue¥55.3B
FY ending Mar 2022: ¥25.8B¥25.8BFY ending Mar 2023: ¥32.8B¥32.8BFY ending Mar 2024: ¥39.6B¥39.6BFY ending Mar 2025: ¥45.4B¥45.4BFY ending Mar 2026: ¥55.3B¥55.3BFY22FY23FY24FY25FY26
Operating income¥4.31B
FY ending Mar 2022: -¥833M-¥833MFY ending Mar 2023: ¥820M¥820MFY ending Mar 2024: ¥1.21B¥1.21BFY ending Mar 2025: ¥2.64B¥2.64BFY ending Mar 2026: ¥4.31B¥4.31BFY22FY23FY24FY25FY26
Operating margin7.8%
FY ending Mar 2022: -3.2%-3.2%FY ending Mar 2023: 2.5%2.5%FY ending Mar 2024: 3.1%3.1%FY ending Mar 2025: 5.8%5.8%FY ending Mar 2026: 7.8%7.8%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin6.0%
Asset turnover0.50×
ROA3.0%
ROA3.0%
Financial leverage12.25×
ROE37.1%

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

Net margin6.0%
2023: 4.3%4.3%2024: 2.8%2.8%2025: 3.5%3.5%2026: 6.0%6.0%2223242526
Asset turnover0.50×
2023: 0.47×0.47×2024: 0.48×0.48×2025: 0.47×0.47×2026: 0.50×0.50×2223242526
ROA3.0%
2022: -1.7%-1.7%2023: 2.0%2.0%2024: 1.4%1.4%2025: 1.7%1.7%2026: 3.0%3.0%2223242526
Financial leverage12.25×
2023: 19.44×19.44×2024: 16.73×16.73×2025: 15.07×15.07×2026: 12.25×12.25×2223242526
ROE37.1%
2023: 39.5%39.5%2024: 22.7%22.7%2025: 24.9%24.9%2026: 37.1%37.1%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×-1.7%—×—
20234.3%0.47×2.0%19.44×39.5%
20242.8%0.48×1.4%16.73×22.7%
20253.5%0.47×1.7%15.07×24.9%
20266.0%0.50×3.0%12.25×37.1%

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 ÷ revenue20.2%
2021: 19.3%19.3%2022: 47.5%47.5%2023: 38.6%38.6%2024: 30.8%30.8%2025: 25.6%25.6%2026: 20.2%20.2%212223242526
PPE ÷ total assets9.5%
2021: 24.7%24.7%2022: 19.0%19.0%2023: 16.9%16.9%2024: 13.5%13.5%2025: 11.4%11.4%2026: 9.5%9.5%212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

Inventory days2d
2022: 2d2d2023: 1d1d2024: 1d1d2025: 2d2d2026: 2d2d212223242526

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.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue25,82932,76339,58745,36255,330
Cost of revenue17,48320,81125,88628,42633,622
Gross profit8,34511,95213,70016,93621,708
SG&A9,17911,13212,49014,30017,396
Operating income-8338201,2092,6364,311
Pretax income-1,3171,2508951,9084,283
Income tax-191-165-219317965
Net income attributable to owners-1,1221,4151,1181,5913,317
Operating margin-3.2%2.5%3.1%5.8%7.8%

Balance sheet (reported items)

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

Assets

Cash 47%
0%
Property, plant and equipment 9%
6%
1%
Other assets 37%

Funding

Other liabilities 91%
Equity 9%
0%

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¥24.4B¥26.4B¥33.9B¥46.3B¥54.7B
Total assets¥64.6B¥74.8B¥90.3B¥102.2B¥117.2B
Net assets¥2.81B¥4.35B¥5.54B¥7.24B¥10.8B
Share capital¥5.94B¥5.96B¥6.44B¥6.47B¥6.48B
Inventories¥79M¥77M¥91M¥119M¥158M
Property, plant and equipment¥12.3B¥12.7B¥12.2B¥11.6B¥11.2B
Intangible assets excluding goodwill¥5.54B¥6.14B¥5.91B¥5.95B¥6.88B
Investment securities¥975M¥1.59B¥1.48B¥1.13B¥1.22B
Current assets¥42.9B¥51.4B¥66.8B¥79.7B¥93.3B
Current liabilities¥38.7B¥56.4B¥65.1B¥76.3B¥89.6B
Short-term borrowings¥2.5B————
Long-term borrowings¥21.2B¥12.2B¥17.6B¥16.6B¥14.8B
Total liabilities¥61.8B¥70.4B¥84.7B¥94.9B¥106.5B
Non-controlling interests—¥3M—¥3M¥3M
Equity attributable to owners of parent¥2.83B¥4.34B¥5.53B¥7.24B¥10.7B
Retained earnings-¥5B-¥3.58B-¥2.46B-¥874M¥2.44B
Treasury stock-¥216M-¥166M-¥1.06B-¥987M-¥910M

Sources

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

    有価証券報告書-第53期(2025/04/01-2026/03/31)

    ID S100YDQN2026-06-18Open
  • EDINET (FSA Japan)

    有価証券報告書-第52期(2024/04/01-2025/03/31)

    ID S100VZU02025-06-19Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第51期(2023/04/01-2024/03/31)

    ID S100TXVJ2024-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第50期(2022/04/01-2023/03/31)

    ID S100QZ6F2023-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第49期(令和3年4月1日-令和4年3月31日)

    ID S100OATK2022-06-20Open
  • EDINET (FSA Japan)

    有価証券報告書-第48期(令和2年4月1日-令和3年3月31日)

    ID S100LKV52021-06-21Open

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

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