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ResorttrustRESORTTRUST,INC.4681東証プライムサービス業FY ending Mar 2026, consolidated, J-GAAP

Resorttrust revenue and profit

Out of every ¥100 of sales, about ¥11 is left as operating profit. Revenue changed +5.5% from the prior year, operating profit +10.6%.

Five-year trend

Revenue¥263B
FY ending Mar 2022: ¥157.8B¥157.8BFY ending Mar 2023: ¥169.8B¥169.8BFY ending Mar 2024: ¥201.8B¥201.8BFY ending Mar 2025: ¥249.3B¥249.3BFY ending Mar 2026: ¥263B¥263BFY22FY23FY24FY25FY26
Operating income¥29.2B
FY ending Mar 2022: ¥8.69B¥8.69BFY ending Mar 2023: ¥12.3B¥12.3BFY ending Mar 2024: ¥21.1B¥21.1BFY ending Mar 2025: ¥26.4B¥26.4BFY ending Mar 2026: ¥29.2B¥29.2BFY22FY23FY24FY25FY26
Operating margin11.1%
FY ending Mar 2022: 5.5%5.5%FY ending Mar 2023: 7.2%7.2%FY ending Mar 2024: 10.5%10.5%FY ending Mar 2025: 10.6%10.6%FY ending Mar 2026: 11.1%11.1%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin8.0%
Asset turnover0.52×
ROA4.1%
ROA4.1%
Financial leverage3.59×
ROE14.8%

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

Net margin8.0%
2022: 3.7%3.7%2023: 10.0%10.0%2024: 7.9%7.9%2025: 8.1%8.1%2026: 8.0%8.0%2223242526
Asset turnover0.52×
2022: 0.40×0.40×2023: 0.41×0.41×2024: 0.44×0.44×2025: 0.52×0.52×2026: 0.52×0.52×2223242526
ROA4.1%
2022: 1.5%1.5%2023: 4.1%4.1%2024: 3.5%3.5%2025: 4.2%4.2%2026: 4.1%4.1%2223242526
Financial leverage3.59×
2022: 4.02×4.02×2023: 3.97×3.97×2024: 3.92×3.92×2025: 3.78×3.78×2026: 3.59×3.59×2223242526
ROE14.8%
2022: 5.9%5.9%2023: 16.1%16.1%2024: 13.7%13.7%2025: 15.8%15.8%2026: 14.8%14.8%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.7%0.40×1.5%4.02×5.9%
202310.0%0.41×4.1%3.97×16.1%
20247.9%0.44×3.5%3.92×13.7%
20258.1%0.52×4.2%3.78×15.8%
20268.0%0.52×4.1%3.59×14.8%

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 ÷ revenue81.2%
2021: 105.3%105.3%2022: 111.5%111.5%2023: 103.7%103.7%2024: 95.3%95.3%2025: 82.1%82.1%2026: 81.2%81.2%212223242526
PPE ÷ total assets40.7%
2021: 43.3%43.3%2022: 44.6%44.6%2023: 40.0%40.0%2024: 41.1%41.1%2025: 41.5%41.5%2026: 40.7%40.7%212223242526
Goodwill ÷ parent equity0.1%
2021: 2.2%2.2%2022: 1.7%1.7%2023: 1.1%1.1%2024: 0.7%0.7%2025: 0.4%0.4%2026: 0.1%0.1%212223242526
Goodwill balance¥94M
2021: ¥2.51B¥2.51B2022: ¥1.69B¥1.69B2023: ¥1.26B¥1.26B2024: ¥842M¥842M2025: ¥526M¥526M2026: ¥94M¥94M212223242526

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.

R&D spending¥190M
2021: ¥197M¥197M2022: ¥256M¥256M2023: ¥190M¥190M2024: ¥165M¥165M2025: ¥245M¥245M2026: ¥190M¥190M212223242526
R&D / revenue0.1%
2021: 0.1%0.1%2022: 0.2%0.2%2023: 0.1%0.1%2024: 0.1%0.1%2025: 0.1%0.1%2026: 0.1%0.1%212223242526
Receivable days—
2021: 20d20d212223242526
Payable days13d
2021: 13d13d2022: 22d22d2023: 34d34d2024: 21d21d2025: 12d12d2026: 13d13d212223242526

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
Revenue157,782169,830201,803249,333263,020
Cost of revenue22,45318,81831,11156,20958,429
Gross profit135,329151,012170,691193,124204,591
SG&A126,636138,741149,572166,758175,429
Operating income8,69312,27021,11926,36529,161
Pretax income10,78022,56722,87028,41129,514
Income tax4,8165,3816,7297,9858,449
Net income attributable to owners5,77516,90615,89220,13920,912
Operating margin5.5%7.2%10.5%10.6%11.1%

Balance sheet (reported items)

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

Assets

6%
Property, plant and equipment 41%
1%
8%
Other assets 44%

Funding

0%
Other liabilities 68%
Equity 32%
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¥29.2B¥28.9B¥32.3B¥28.9B¥32.9B
Total assets¥394.4B¥440B¥468.6B¥492.9B¥525.3B
Net assets¥106.8B¥123.9B¥135.6B¥150.7B¥166.7B
Share capital¥19.6B¥19.6B¥19.6B¥19.6B¥19.6B
Property, plant and equipment¥175.9B¥176.1B¥192.4B¥204.6B¥213.6B
Intangible assets excluding goodwill¥7.58B¥6.16B¥6.15B¥6.26B¥6.07B
Goodwill¥1.69B¥1.26B¥842M¥526M¥94M
Investment securities¥26.1B¥22.9B¥22.7B¥33.8B¥42.9B
Current assets¥139.5B¥188B¥200.5B¥196.4B¥206.6B
Current liabilities¥133.4B¥156.7B¥177.9B¥170B¥172.8B
Trade payables¥1.35B¥1.74B¥1.79B¥1.87B¥2.09B
Short-term borrowings¥8.8B¥1.31B¥1.65B¥4.81B¥3.61B
Long-term borrowings¥24.8B¥13.5B¥2.17B¥2.53B¥1.88B
Total liabilities¥287.6B¥316.1B¥333B¥342.2B¥358.6B
Non-controlling interests¥5.13B¥6.01B¥6.24B¥6.42B¥6.43B
Equity attributable to owners of parent¥98.2B¥111.8B¥119.9B¥134.6B¥148.8B
Retained earnings¥60.5B¥73.7B¥84.2B¥98.4B¥111.9B
Treasury stock-¥3.51B-¥3.06B-¥5.48B-¥4.92B-¥6.77B

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 S100YFZK2026-06-23Open

  • EDINET (FSA Japan)

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

    ID S100W60B2025-06-26Open

  • EDINET (FSA Japan)

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

    ID S100TQXG2024-06-26Open

  • EDINET (FSA Japan)

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

    ID S100R6N22023-06-29Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第49期(令和3年4月1日－令和4年3月31日)

    ID S100PVIE2022-12-26Open

  • 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 S100LRYE2021-06-29Open

Extracted from XBRL: 54 / Derived from other figures: 1

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