SAKURA internetSAKURA internet Inc.3778東証プライム情報・通信業FY ending Mar 2026, consolidated, J-GAAP

SAKURA internet revenue and profit

It lost about ¥1 for every ¥100 of sales at the operating level. Revenue changed +12.4% from the prior year, operating profit -109.7%.

Five-year trend

Revenue¥35.3B
FY ending Mar 2022: ¥20B¥20BFY ending Mar 2023: ¥20.6B¥20.6BFY ending Mar 2024: ¥21.8B¥21.8BFY ending Mar 2025: ¥31.4B¥31.4BFY ending Mar 2026: ¥35.3B¥35.3BFY22FY23FY24FY25FY26
Operating income-¥403.7M
FY ending Mar 2022: ¥763.1M¥763.1MFY ending Mar 2023: ¥1.09B¥1.09BFY ending Mar 2024: ¥884.5M¥884.5MFY ending Mar 2025: ¥4.15B¥4.15BFY ending Mar 2026: -¥403.7M-¥403.7MFY22FY23FY24FY25FY26
Operating margin-1.1%
FY ending Mar 2022: 3.8%3.8%FY ending Mar 2023: 5.3%5.3%FY ending Mar 2024: 4.1%4.1%FY ending Mar 2025: 13.2%13.2%FY ending Mar 2026: -1.1%-1.1%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin0.6%
Asset turnover0.43×
ROA0.3%
ROA0.3%
Financial leverage2.73×
ROE0.7%

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

Net margin0.6%
2022: 1.4%1.4%2023: 3.2%3.2%2024: 3.0%3.0%2025: 9.4%9.4%2026: 0.6%0.6%2223242526
Asset turnover0.43×
2022: 0.70×0.70×2023: 0.75×0.75×2024: 0.77×0.77×2025: 0.56×0.56×2026: 0.43×0.43×2223242526
ROA0.3%
2022: 1.0%1.0%2023: 2.4%2.4%2024: 2.3%2.3%2025: 5.3%5.3%2026: 0.3%0.3%2223242526
Financial leverage2.73×
2022: 3.42×3.42×2023: 3.28×3.28×2024: 3.26×3.26×2025: 2.87×2.87×2026: 2.73×2.73×2223242526
ROE0.7%
2022: 3.3%3.3%2023: 8.0%8.0%2024: 7.5%7.5%2025: 15.1%15.1%2026: 0.7%0.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20221.4%0.70×1.0%3.42×3.3%
20233.2%0.75×2.4%3.28×8.0%
20243.0%0.77×2.3%3.26×7.5%
20259.4%0.56×5.3%2.87×15.1%
20260.6%0.43×0.3%2.73×0.7%

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 ÷ revenue132.4%
2021: 78.6%78.6%2022: 78.6%78.6%2023: 71.4%71.4%2024: 76.3%76.3%2025: 106.5%106.5%2026: 132.4%132.4%212223242526
PPE ÷ total assets56.7%
2021: 62.3%62.3%2022: 55.4%55.4%2023: 56.0%56.0%2024: 55.1%55.1%2025: 41.1%41.1%2026: 56.7%56.7%212223242526

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¥213.9M
2021: ¥98.4M¥98.4M2022: ¥111.3M¥111.3M2023: ¥140.8M¥140.8M2024: ¥166M¥166M2025: ¥199.1M¥199.1M2026: ¥213.9M¥213.9M212223242526
R&D / revenue0.6%
2021: 0.4%0.4%2022: 0.6%0.6%2023: 0.7%0.7%2024: 0.8%0.8%2025: 0.6%0.6%2026: 0.6%0.6%212223242526

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
Revenue20,01920,62321,82731,41235,302
Cost of revenue15,31115,25516,09120,18227,345
Gross profit4,7085,3685,73611,2307,957
SG&A3,9454,2754,8517,0858,360
Operating income7631,0938854,146-404
Pretax income3879608303,979244
Income tax862881941,02610
Net income attributable to owners2756676522,937216
Operating margin3.8%5.3%4.1%13.2%-1.1%

Balance sheet (reported items)

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

Assets

Cash 19%
Property, plant and equipment 57%
2%
1%
Other assets 21%

Funding

Other liabilities 63%
Equity 37%

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¥5.45B¥4.81B¥5.26B¥29.5B¥15.4B
Total assets¥28.4B¥26.3B¥30.2B¥81.4B¥82.5B
Net assets¥8.45B¥8.49B¥9.32B¥30.3B¥30.3B
Share capital¥2.26B¥2.26B¥2.26B¥11.3B¥11.3B
Property, plant and equipment¥15.7B¥14.7B¥16.7B¥33.5B¥46.7B
Intangible assets excluding goodwill¥426.3M¥508M¥505.3M¥1.26B¥2.02B
Investment securities¥514.8M¥517.9M¥705.1M¥682.3M¥820.7M
Current assets¥9.78B¥8.93B¥10.6B¥41.7B¥26.3B
Current liabilities¥11.3B¥9.84B¥10.6B¥40.3B¥33.9B
Short-term borrowings¥1.45B¥320M¥417.7M¥9.26B¥10.7B
Long-term borrowings¥3.48B¥2.66B¥3.62B¥3.15B¥5.78B
Total liabilities¥19.9B¥17.8B¥20.9B¥51.2B¥52.1B
Non-controlling interests¥132.2M¥137.4M¥186.2M¥202.1M¥227.9M
Equity attributable to owners of parent¥8.31B¥8.34B¥8.99B¥29.9B¥30.1B
Retained earnings¥5.29B¥5.85B¥6.37B¥9.18B¥9.23B
Treasury stock-¥600M-¥1.15B-¥1.12B-¥1.11B-¥1.09B

Sources

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

    有価証券報告書-第27期(2025/04/01-2026/03/31)

    ID S100YBG62026-06-15Open
  • EDINET (FSA Japan)

    有価証券報告書-第26期(2024/04/01-2025/03/31)

    ID S100VW982025-06-16Open
  • EDINET (FSA Japan)

    有価証券報告書-第25期(2023/04/01-2024/03/31)

    ID S100TQOZ2024-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第24期(2022/04/01-2023/03/31)

    ID S100QY432023-06-15Open
  • EDINET (FSA Japan)

    有価証券報告書-第23期(令和3年4月1日-令和4年3月31日)

    ID S100O8PJ2022-06-15Open
  • EDINET (FSA Japan)

    有価証券報告書-第22期(令和2年4月1日-令和3年3月31日)

    ID S100LITZ2021-06-15Open

Extracted from XBRL: 52 / Derived from other figures: 1

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