ProjectHoldingsProjectHoldings,Inc.9246東証グロースサービス業FY ending Dec 2025, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥3 is left as operating profit. Revenue changed +3.9% from the prior year, and it swung back to an operating profit.
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 | 16.8% | 0.77× | 12.9% | 1.33× | 17.2% |
| 2022 | 15.6% | 1.02× | 15.8% | 1.54× | 24.3% |
| 2023 | 9.4% | 1.26× | 11.8% | 1.84× | 21.7% |
| 2024 | — | —× | -7.0% | —× | — |
| 2025 | 2.3% | 1.08× | 2.5% | 2.27× | 5.6% |
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 | 2,140 | 4,352 | 6,284 | 5,280 | 5,486 |
| Cost of revenue | 1,131 | 2,510 | 3,870 | 3,523 | 3,507 |
| Gross profit | 1,008 | 1,842 | 2,414 | 1,757 | 1,978 |
| SG&A | 498 | 884 | 1,561 | 1,945 | 1,822 |
| Operating income | 511 | 958 | 853 | -188 | 156 |
| Pretax income | 502 | 949 | 831 | -286 | 138 |
| Income tax | 142 | 272 | 242 | 108 | 11 |
| Net income attributable to owners | 360 | 677 | 589 | -394 | 127 |
| Operating margin | 23.9% | 22.0% | 13.6% | -3.6% | 2.8% |
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 | ¥2.25B | ¥2.22B | ¥2.77B | ¥2.62B | ¥2.1B |
| Total assets | ¥2.78B | ¥4.29B | ¥5.71B | ¥5.54B | ¥4.63B |
| Net assets | ¥2.09B | ¥2.81B | ¥2.65B | ¥2.24B | ¥2.26B |
| Share capital | ¥945.5M | ¥971M | ¥1.03B | ¥50M | ¥50M |
| Trade receivables | — | ¥592.7M | ¥697.2M | ¥585.6M | — |
| Property, plant and equipment | ¥50.6M | ¥59.4M | ¥57.2M | ¥579.6M | ¥533.1M |
| Intangible assets excluding goodwill | ¥9.7M | ¥569M | ¥1.12B | ¥448M | ¥395.8M |
| Goodwill | ¥7.5M | ¥568.5M | ¥907.4M | ¥255.9M | ¥224.6M |
| Investment securities | ¥19.1M | ¥53.3M | ¥55.8M | ¥18.1M | — |
| Current assets | ¥2.6B | ¥2.91B | ¥3.6B | ¥3.68B | ¥2.91B |
| Current liabilities | ¥484.7M | ¥968M | ¥1.21B | ¥1.5B | ¥1.5B |
| Long-term borrowings | ¥138.9M | ¥485.9M | ¥1.78B | ¥1.59B | ¥736M |
| Bonds | ¥69M | ¥25M | ¥5M | — | — |
| Total liabilities | ¥696.4M | ¥1.48B | ¥3.06B | ¥3.3B | ¥2.37B |
| Equity attributable to owners of parent | ¥2.09B | ¥2.79B | ¥2.65B | ¥2.24B | ¥2.25B |
| Retained earnings | ¥527.4M | ¥1.2B | ¥1.74B | ¥1.35B | ¥1.48B |
| Treasury stock | -¥171K | -¥226K | -¥757.2M | -¥729.3M | -¥201.4M |
EDINET (FSA Japan)
有価証券報告書－第10期(2025/01/01－2025/12/31)
EDINET (FSA Japan)
有価証券報告書－第9期(2024/01/01－2024/12/31)
EDINET (FSA Japan)
有価証券報告書－第8期(2023/01/01－2023/12/31)
EDINET (FSA Japan)
有価証券報告書－第7期(2022/01/01－2022/12/31)
EDINET (FSA Japan)
有価証券報告書－第6期(令和3年1月1日－令和3年12月31日)
Extracted from XBRL: 46 / Derived from other figures: 1
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