Rizap GroupRIZAP GROUP,Inc.2928札幌証券取引所小売業FY ending Mar 2026, consolidated, IFRS

Rizap Group revenue and profit

Out of every ¥100 of sales, about ¥7 is left as operating profit. Revenue changed -2.2% from the prior year, operating profit +489.1%.

Five-year trend

Revenue¥167.3B
FY ending Mar 2022: ¥161B¥161BFY ending Mar 2023: ¥154.6B¥154.6BFY ending Mar 2024: ¥162.6B¥162.6BFY ending Mar 2025: ¥171.1B¥171.1BFY ending Mar 2026: ¥167.3B¥167.3BFY22FY23FY24FY25FY26
Operating income¥11.1B
FY ending Mar 2022: ¥5.82B¥5.82BFY ending Mar 2023: -¥4.95B-¥4.95BFY ending Mar 2024: -¥648M-¥648MFY ending Mar 2025: ¥1.88B¥1.88BFY ending Mar 2026: ¥11.1B¥11.1BFY22FY23FY24FY25FY26
Operating margin6.6%
FY ending Mar 2022: 3.6%3.6%FY ending Mar 2023: -3.2%-3.2%FY ending Mar 2024: -0.4%-0.4%FY ending Mar 2025: 1.1%1.1%FY ending Mar 2026: 6.6%6.6%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin0.9%
Asset turnover1.00×
ROA0.9%
ROA0.9%
Financial leverage3.26×
ROE2.8%

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

Net margin0.9%
2022: 1.3%1.3%2025: 0.2%0.2%2026: 0.9%0.9%2223242526
Asset turnover1.00×
2022: 1.15×1.15×2025: 1.05×1.05×2026: 1.00×1.00×2223242526
ROA0.9%
2022: 1.5%1.5%2023: -9.0%-9.0%2024: -2.9%-2.9%2025: 0.2%0.2%2026: 0.9%0.9%2223242526
Financial leverage3.26×
2022: 5.25×5.25×2025: 4.60×4.60×2026: 3.26×3.26×2223242526
ROE2.8%
2022: 8.0%8.0%2025: 0.7%0.7%2026: 2.8%2.8%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20221.3%1.15×1.5%5.25×8.0%
2023——×-9.0%—×—
2024——×-2.9%—×—
20250.2%1.05×0.2%4.60×0.7%
20260.9%1.00×0.9%3.26×2.8%

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 ÷ revenue20.2%
2021: 13.0%13.0%2022: 11.5%11.5%2023: 15.3%15.3%2024: 21.0%21.0%2025: 21.0%21.0%2026: 20.2%20.2%212223242526
PPE ÷ total assets20.7%
2021: 13.6%13.6%2022: 13.2%13.2%2023: 16.6%16.6%2024: 21.7%21.7%2025: 21.2%21.2%2026: 20.7%20.7%212223242526
Goodwill ÷ parent equity3.7%
2021: 10.0%10.0%2022: 7.8%7.8%2023: 12.7%12.7%2024: 9.2%9.2%2025: 3.6%3.6%2026: 3.7%3.7%212223242526
Goodwill balance¥1.87B
2021: ¥2.69B¥2.69B2022: ¥2.07B¥2.07B2023: ¥1.79B¥1.79B2024: ¥1.79B¥1.79B2025: ¥1.88B¥1.88B2026: ¥1.87B¥1.87B212223242526

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 Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue160,963154,550162,604171,090167,257
Cost of revenue85,73984,58881,92587,02190,466
Gross profit75,22369,96180,67884,06976,791
SG&A70,27574,76881,88981,35269,920
Operating income5,816-4,948-6481,88211,086
Pretax income4,190-7,031-4,551-1,4958,128
Income tax-1055,190-182-3,3363,499
Net income attributable to owners2,131-12,673-4,3002641,440
Operating margin3.6%-3.2%-0.4%1.1%6.6%

Balance sheet (reported items)

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

Assets

Cash 18%
Property, plant and equipment 21%
1%
Other assets 60%

Funding

Interest-bearing debt 39%
Other liabilities 22%
Equity 39%

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¥24.1B¥15.8B¥13.1B¥20.1B¥29.1B
Total assets¥139.8B¥142.6B¥157.2B¥169.5B¥163.5B
Net assets¥36.1B¥24.1B¥29.3B¥62.4B¥64.6B
Share capital¥19.2B¥19.2B¥19.2B¥25.3B¥100M
Property, plant and equipment¥18.5B¥23.6B¥34.2B¥36B¥33.9B
Goodwill¥2.07B¥1.79B¥1.79B¥1.88B¥1.87B
Current assets¥73.5B¥67.2B¥64B¥72.1B¥73.9B
Interest-bearing debt¥66.4B¥82.8B¥89.7B¥71.2B¥63.7B
Total liabilities¥103.7B¥118.5B¥127.8B¥107.1B¥98.9B
Equity attributable to owners of parent¥26.6B¥14.1B¥19.5B¥51.5B¥50.5B
Retained earnings¥2.27B-¥8.74B-¥13.2B-¥13.6B¥4.46B

Sources

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

    有価証券報告書-第23期(2025/04/01-2026/03/31)

    ID S100YF9Y2026-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第22期(2024/04/01-2025/03/31)

    ID S100W7NX2025-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第21期(2023/04/01-2024/03/31)

    ID S100TY2D2024-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第20期(2022/04/01-2023/03/31)

    ID S100RB272023-06-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第19期(令和3年4月1日-令和4年3月31日)

    ID S100OLK72022-06-29Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第18期(令和2年4月1日-令和3年3月31日)

    ID S100MY602021-11-26Open

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

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