Migalo HoldingsMIGALO HOLDINGS Inc.5535東証プライム不動産業FY ending Mar 2026, consolidated, J-GAAP

Migalo Holdings revenue and profit

Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed +11.3% from the prior year, operating profit +12.8%.

Five-year trend

Revenue¥57.5B
FY ending Mar 2024: ¥42.7B¥42.7BFY ending Mar 2025: ¥51.7B¥51.7BFY ending Mar 2026: ¥57.5B¥57.5BFY24FY25FY26
Operating income¥3.06B
FY ending Mar 2024: ¥2.5B¥2.5BFY ending Mar 2025: ¥2.71B¥2.71BFY ending Mar 2026: ¥3.06B¥3.06BFY24FY25FY26
Operating margin5.3%
FY ending Mar 2024: 5.9%5.9%FY ending Mar 2025: 5.2%5.2%FY ending Mar 2026: 5.3%5.3%FY24FY25FY26

What drives ROE

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

Net margin2.5%
Asset turnover1.03×
ROA2.6%
ROA2.6%
Financial leverage4.26×
ROE10.9%

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

Net margin2.5%
2024: 2.6%2.6%2025: 2.7%2.7%2026: 2.5%2.5%242526
Asset turnover1.03×
2024: 0.88×0.88×2025: 1.00×1.00×2026: 1.03×1.03×242526
ROA2.6%
2024: 2.3%2.3%2025: 2.7%2.7%2026: 2.6%2.6%242526
Financial leverage4.26×
2024: 4.73×4.73×2025: 4.82×4.82×2026: 4.26×4.26×242526
ROE10.9%
2024: 10.9%10.9%2025: 13.0%13.0%2026: 10.9%10.9%242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20242.6%0.88×2.3%4.73×10.9%
20252.7%1.00×2.7%4.82×13.0%
20262.5%1.03×2.6%4.26×10.9%

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 ÷ revenue0.6%
2024: 0.4%0.4%2025: 0.4%0.4%2026: 0.6%0.6%242526
PPE ÷ total assets0.6%
2024: 0.3%0.3%2025: 0.3%0.3%2026: 0.6%0.6%242526
Goodwill ÷ parent equity5.4%
2024: 5.9%5.9%2025: 6.8%6.8%2026: 5.4%5.4%242526
Goodwill balance¥821.7M
2024: ¥605.9M¥605.9M2025: ¥759.4M¥759.4M2026: ¥821.7M¥821.7M242526

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 days326d
2024: 373d373d2025: 370d370d2026: 326d326d242526

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 2024FY ending Mar 2025FY ending Mar 2026
Revenue42,67251,70957,532
Cost of revenue35,59443,63648,358
Gross profit7,0798,0739,174
SG&A4,5785,3606,113
Operating income2,5002,7133,061
Pretax income1,9102,3132,255
Income tax787926790
Net income attributable to owners1,1131,3911,434
Operating margin5.9%5.2%5.3%

Balance sheet (reported items)

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

Assets

Cash 17%
Inventories 76%
1%
3%
0%
3%

Funding

Interest-bearing debt 47%
Other liabilities 26%
Equity 27%

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

ItemFY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥8.89B¥6.87B¥9.96B
Total assets¥48.4B¥54.5B¥57.3B
Net assets¥10.5B¥11.3B¥15.4B
Share capital¥73.4M¥79.7M¥1.56B
Inventories¥36.3B¥44.2B¥43.2B
Property, plant and equipment¥153.6M¥185.3M¥330.9M
Intangible assets excluding goodwill¥808.7M¥971.7M¥1.1B
Goodwill¥605.9M¥759.4M¥821.7M
Investment securities¥468.5M¥232.4M¥222.4M
Current assets¥46.4B¥52.5B¥54.9B
Current liabilities¥23.2B¥23.6B¥23B
Short-term borrowings¥9.72B¥10.2B¥8.59B
Long-term borrowings¥13.8B¥19.1B¥18B
Bonds¥734M¥266M¥518M
Interest-bearing debt¥24.2Bderived¥29.5Bderived¥27.1Bderived
Total liabilities¥38B¥43.2B¥42B
Non-controlling interests¥99M¥96.1M¥215.9M
Equity attributable to owners of parent¥10.2B¥11.1B¥15.1B
Retained earnings¥9.11B¥10.5B¥11.5B
Treasury stock-¥48.7M-¥48.9M-¥48.9M

Sources

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

    有価証券報告書-第3期(2025/04/01-2026/03/31)

    ID S100YFV92026-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第2期(2024/04/01-2025/03/31)

    ID S100W4LK2025-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第1期(2023/04/01-2024/03/31)

    ID S100TSS62024-06-26Open

Extracted from XBRL: 53 / Derived from other figures: 2

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