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SiixSIIX Corp.7613東証プライム卸売業FY ending Dec 2025, consolidated, J-GAAP

Siix revenue and profit

Out of every ¥100 of sales, about ¥3 is left as operating profit. Revenue changed -4.2% from the prior year, operating profit +3.4%.

Five-year trend

Revenue¥289.5B
FY ending Dec 2021: ¥226.8B¥226.8BFY ending Dec 2022: ¥277B¥277BFY ending Dec 2023: ¥309.8B¥309.8BFY ending Dec 2024: ¥302.3B¥302.3BFY ending Dec 2025: ¥289.5B¥289.5BFY21FY22FY23FY24FY25
Operating income¥8.85B
FY ending Dec 2021: ¥4.95B¥4.95BFY ending Dec 2022: ¥8.93B¥8.93BFY ending Dec 2023: ¥12.3B¥12.3BFY ending Dec 2024: ¥8.56B¥8.56BFY ending Dec 2025: ¥8.85B¥8.85BFY21FY22FY23FY24FY25
Operating margin3.1%
FY ending Dec 2021: 2.2%2.2%FY ending Dec 2022: 3.2%3.2%FY ending Dec 2023: 4.0%4.0%FY ending Dec 2024: 2.8%2.8%FY ending Dec 2025: 3.1%3.1%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin0.9%
Asset turnover1.36×
ROA1.2%
ROA1.2%
Financial leverage3.03×
ROE3.5%

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

Net margin0.9%
2021: 2.0%2.0%2022: 1.7%1.7%2023: 2.6%2.6%2024: 1.2%1.2%2025: 0.9%0.9%2122232425
Asset turnover1.36×
2021: 1.33×1.33×2022: 1.48×1.48×2023: 1.47×1.47×2024: 1.39×1.39×2025: 1.36×1.36×2122232425
ROA1.2%
2021: 2.7%2.7%2022: 2.5%2.5%2023: 3.9%3.9%2024: 1.7%1.7%2025: 1.2%1.2%2122232425
Financial leverage3.03×
2021: 2.88×2.88×2022: 3.10×3.10×2023: 3.22×3.22×2024: 3.13×3.13×2025: 3.03×3.03×2122232425
ROE3.5%
2021: 7.7%7.7%2022: 7.8%7.8%2023: 12.5%12.5%2024: 5.4%5.4%2025: 3.5%3.5%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20212.0%1.33×2.7%2.88×7.7%
20221.7%1.48×2.5%3.10×7.8%
20232.6%1.47×3.9%3.22×12.5%
20241.2%1.39×1.7%3.13×5.4%
20250.9%1.36×1.2%3.03×3.5%

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 ÷ revenue14.7%
2020: 17.7%17.7%2021: 16.6%16.6%2022: 16.4%16.4%2023: 15.8%15.8%2024: 16.2%16.2%2025: 14.7%14.7%202122232425
PPE ÷ total assets20.5%
2020: 22.2%22.2%2021: 22.2%22.2%2022: 22.1%22.1%2023: 22.6%22.6%2024: 22.5%22.5%2025: 20.5%20.5%202122232425
Goodwill ÷ parent equity0.1%
2024: 0.1%0.1%2025: 0.1%0.1%202122232425
Goodwill balance¥81M
2024: ¥94M¥94M2025: ¥81M¥81M202122232425

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¥582M
2024: ¥482M¥482M2025: ¥582M¥582M202122232425
R&D / revenue0.2%
2024: 0.2%0.2%2025: 0.2%0.2%202122232425
Receivable days—
2020: 74d74d2021: 76d76d202122232425

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 Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue226,833277,031309,768302,314289,491
Cost of revenue206,712251,239278,917273,706261,281
Gross profit20,12025,79130,85028,60728,210
SG&A15,16516,86218,59520,04719,356
Operating income4,9548,92912,2548,5598,853
Pretax income5,9357,96011,8525,9666,618
Income tax1,3643,2293,6712,2524,141
Net income attributable to owners4,5614,7338,1853,7542,488
Operating margin2.2%3.2%4.0%2.8%3.1%

Balance sheet (reported items)

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

Assets

Cash 14%
Property, plant and equipment 21%
1%
1%
Other assets 63%

Funding

Interest-bearing debt 19%
Other liabilities 31%
Equity 50%
0%

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

ItemFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥9.31B¥13.7B¥18.1B¥21.8B¥29.8B
Total assets¥169.9B¥205.2B¥216.8B¥217.5B¥207.9B
Net assets¥66.4B¥77.4B¥89.5B¥101B¥103.8B
Share capital¥2.14B¥2.14B¥2.14B¥2.14B¥2.14B
Trade receivables¥47.3B————
Property, plant and equipment¥37.8B¥45.4B¥49B¥48.9B¥42.7B
Intangible assets excluding goodwill¥2.59B¥2.52B¥2.12B¥2.63B¥2.06B
Goodwill———¥94M¥81M
Investment securities¥2.38B¥2.23B¥2.31B¥2.43B¥2.76B
Current assets¥122.8B¥150.3B¥157.6B¥156.2B¥152.8B
Current liabilities¥79.8B¥96.6B¥88.7B¥78.5B¥71.6B
Short-term borrowings¥31.6B¥36.1B¥28.1B¥16.4B¥14.6B
Long-term borrowings¥8.45B¥15.1B¥22.1B¥16.5B¥10.1B
Bonds¥10B¥10B¥10B¥15B¥15B
Interest-bearing debt¥50Bderived¥61.3Bderived¥60.2Bderived¥47.9Bderived¥39.7Bderived
Total liabilities¥103.6B¥127.8B¥127.3B¥116.5B¥104.1B
Non-controlling interests¥412M¥430M¥446M¥539M¥538M
Equity attributable to owners of parent¥58.9B¥62.3B¥68.8B¥70.1B¥70.4B
Retained earnings¥57.1B¥60.4B¥67.3B¥68.6B¥68.8B
Treasury stock-¥5.95B-¥5.87B-¥6.18B-¥6.16B-¥6.06B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第34期(2025/01/01－2025/12/31)

    ID S100XUJ02026-03-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第33期(2024/01/01－2024/12/31)

    ID S100VHVB2025-03-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第32期(2023/01/01－2023/12/31)

    ID S100T4RE2024-03-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第31期(2022/01/01－2022/12/31)

    ID S100QHUE2023-03-30Open

  • EDINET (FSA Japan)

    有価証券報告書－第30期(令和3年1月1日－令和3年12月31日)

    ID S100NS122022-03-30Open

  • EDINET (FSA Japan)

    有価証券報告書－第29期(令和2年1月1日－令和2年12月31日)

    ID S100L2HL2021-03-30Open

Extracted from XBRL: 53 / Derived from other figures: 2

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