SAKIGAKE HoldingsSAKIGAKE Holdings Co.,Ltd.5891東証スタンダード小売業FY ending Dec 2025, consolidated, J-GAAP

SAKIGAKE Holdings revenue and profit

Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed +20.0% from the prior year, operating profit -11.1%.

Five-year trend

Revenue¥14.7B
FY ending Dec 2022: ¥8.82B¥8.82BFY ending Dec 2023: ¥10.6B¥10.6BFY ending Dec 2024: ¥12.3B¥12.3BFY ending Dec 2025: ¥14.7B¥14.7BFY22FY23FY24FY25
Operating income¥764.9M
FY ending Dec 2022: ¥381M¥381MFY ending Dec 2023: ¥679.4M¥679.4MFY ending Dec 2024: ¥860.3M¥860.3MFY ending Dec 2025: ¥764.9M¥764.9MFY22FY23FY24FY25
Operating margin5.2%
FY ending Dec 2022: 4.3%4.3%FY ending Dec 2023: 6.4%6.4%FY ending Dec 2024: 7.0%7.0%FY ending Dec 2025: 5.2%5.2%FY22FY23FY24FY25

What drives ROE

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

Net margin2.0%
Asset turnover1.52×
ROA3.1%
ROA3.1%
Financial leverage1.88×
ROE5.8%

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

Net margin2.0%
2022: 3.6%3.6%2023: 3.7%3.7%2024: 4.4%4.4%2025: 2.0%2.0%22232425
Asset turnover1.52×
2022: 1.59×1.59×2023: 1.63×1.63×2024: 1.58×1.58×2025: 1.52×1.52×22232425
ROA3.1%
2022: 5.7%5.7%2023: 6.0%6.0%2024: 6.9%6.9%2025: 3.1%3.1%22232425
Financial leverage1.88×
2022: 2.25×2.25×2023: 1.90×1.90×2024: 1.66×1.66×2025: 1.88×1.88×22232425
ROE5.8%
2022: 12.8%12.8%2023: 11.4%11.4%2024: 11.5%11.5%2025: 5.8%5.8%22232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.6%1.59×5.7%2.25×12.8%
20233.7%1.63×6.0%1.90×11.4%
20244.4%1.58×6.9%1.66×11.5%
20252.0%1.52×3.1%1.88×5.8%

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 ÷ revenue19.4%
2025: 19.4%19.4%25
PPE ÷ total assets29.6%
2025: 29.6%29.6%25
Goodwill ÷ parent equity16.8%
2025: 16.8%16.8%25
Goodwill balance¥863.8M
2025: ¥863.8M¥863.8M25

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 Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue8,81610,58412,27314,722
Cost of revenue2,3733,0783,5344,394
Gross profit6,4427,5068,73910,327
SG&A6,0626,8267,8799,562
Operating income381679860765
Pretax income440681840632
Income tax125290305335
Net income attributable to owners314390536297
Operating margin4.3%6.4%7.0%5.2%

Balance sheet (reported items)

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

Assets

Cash 36%
Property, plant and equipment 30%
Intangibles and goodwill 18%
Other assets 16%

Funding

Other liabilities 47%
Equity 53%

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

ItemFY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥2.08B¥3.59B¥3.47B¥3.45B
Total assets¥5.55B¥7.47B¥8.05B¥9.68B
Net assets¥2.46B¥4.4B¥4.94B¥5.16B
Share capital¥100M¥872.8M¥916.8M¥925.2M
Property, plant and equipment¥1.84B¥2.13B¥2.45B¥2.86B
Intangible assets excluding goodwill¥66.6M¥64.4M¥65.7M¥926.9M
Goodwill———¥863.8M
Current assets¥2.63B¥4.29B¥4.27B¥4.57B
Current liabilities¥1.81B¥2.04B¥2.24B¥2.59B
Short-term borrowings——¥30M—
Long-term borrowings¥896.9M¥615.6M¥377.1M¥1.32B
Total liabilities¥3.09B¥3.07B¥3.1B¥4.52B
Equity attributable to owners of parent¥2.46B¥4.4B¥4.94B¥5.15B
Retained earnings¥2.11B¥2.5B¥2.95B¥3.15B
Treasury stock——-¥93K-¥93K

Sources

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

    有価証券報告書-第23期(2025/01/01-2025/12/31)

    ID S100XTBZ2026-03-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第22期(2024/01/01-2024/12/31)

    ID S100VJCY2025-03-31Open
  • EDINET (FSA Japan)

    有価証券報告書-第21期(2023/01/01-2023/12/31)

    ID S100T68H2024-03-29Open

Extracted from XBRL: 46 / Derived from other figures: 1

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