RealgateREALGATE INC.5532東証グロース不動産業FY ending Sep 2025, non-consolidated, J-GAAP

Realgate revenue and profit

Out of every ¥100 of sales, about ¥11 is left as operating profit. Revenue changed +23.2% from the prior year, operating profit +36.0%.

Five-year trend

Revenue¥9.79B
FY ending Sep 2022: ¥5.84B¥5.84BFY ending Sep 2023: ¥6.97B¥6.97BFY ending Sep 2024: ¥7.95B¥7.95BFY ending Sep 2025: ¥9.79B¥9.79BFY22FY23FY24FY25
Operating income¥1.04B
FY ending Sep 2022: ¥429.3M¥429.3MFY ending Sep 2023: ¥548.9M¥548.9MFY ending Sep 2024: ¥766.8M¥766.8MFY ending Sep 2025: ¥1.04B¥1.04BFY22FY23FY24FY25
Operating margin10.7%
FY ending Sep 2022: 7.3%7.3%FY ending Sep 2023: 7.9%7.9%FY ending Sep 2024: 9.6%9.6%FY ending Sep 2025: 10.7%10.7%FY22FY23FY24FY25

What drives ROE

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

Net margin5.7%
Asset turnover0.53×
ROA3.0%
ROA3.0%
Financial leverage6.20×
ROE18.7%

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

Net margin5.7%
2022: 0.6%0.6%2023: 4.0%4.0%2024: 4.8%4.8%2025: 5.7%5.7%22232425
Asset turnover0.53×
2022: 0.75×0.75×2023: 0.73×0.73×2024: 0.58×0.58×2025: 0.53×0.53×22232425
ROA3.0%
2022: 0.5%0.5%2023: 2.9%2.9%2024: 2.8%2.8%2025: 3.0%3.0%22232425
Financial leverage6.20×
2022: 10.61×10.61×2023: 6.36×6.36×2024: 5.49×5.49×2025: 6.20×6.20×22232425
ROE18.7%
2022: 4.9%4.9%2023: 18.5%18.5%2024: 15.3%15.3%2025: 18.7%18.7%22232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20220.6%0.75×0.5%10.61×4.9%
20234.0%0.73×2.9%6.36×18.5%
20244.8%0.58×2.8%5.49×15.3%
20255.7%0.53×3.0%6.20×18.7%

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 ÷ revenue147.5%
2022: 65.0%65.0%2023: 77.4%77.4%2024: 102.6%102.6%2025: 147.5%147.5%22232425
PPE ÷ total assets67.9%
2022: 49.0%49.0%2023: 47.3%47.3%2024: 51.3%51.3%2025: 67.9%67.9%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
Revenue5,8436,9727,9489,792
Cost of revenue5,0555,9896,6568,115
Gross profit7899831,2921,677
SG&A359434526634
Operating income4295497671,043
Pretax income40426552797
Income tax4147171238
Net income attributable to owners36279380559
Operating margin7.3%7.9%9.6%10.7%

Balance sheet (reported items)

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

Assets

5%
Property, plant and equipment 68%
0%
Other assets 27%

Funding

Other liabilities 84%
Equity 16%
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¥642.9M¥1.96B¥1.13B¥947.1M
Total assets¥7.76B¥11.4B¥15.9B¥21.3B
Net assets¥736.9M¥2.28B¥2.71B¥3.35B
Share capital¥30M¥665.7M¥681M¥705.3M
Property, plant and equipment¥3.8B¥5.39B¥8.15B¥14.4B
Intangible assets excluding goodwill¥74.8M¥70.5M¥58.5M¥60.7M
Current assets¥2.04B¥4.01B¥5.53B¥4.47B
Current liabilities¥1.97B¥4.33B¥5.84B¥3.9B
Short-term borrowings—¥1.84B——
Long-term borrowings¥3.56B¥3.14B¥5.58B¥12.3B
Total liabilities¥7.02B¥9.13B¥13.2B¥17.9B
Equity attributable to owners of parent¥731.6M¥2.28B¥2.69B¥3.3B
Retained earnings¥701.6M¥980.2M¥1.36B¥1.92B
Treasury stock——-¥218K-¥218K

Sources

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

    有価証券報告書-第17期(2024/10/01-2025/09/30)

    ID S100X9V92025-12-11Open
  • EDINET (FSA Japan)

    有価証券報告書-第16期(2023/10/01-2024/09/30)

    ID S100UXKQ2024-12-12Open
  • EDINET (FSA Japan)

    有価証券報告書-第15期(2022/10/01-2023/09/30)

    ID S100SF3Z2023-12-07Open

Extracted from XBRL: 43 / Derived from other figures: 1

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