SoracomSORACOM, INC.147A東証グロース情報・通信業FY ending Mar 2026, consolidated, J-GAAP

Soracom revenue and profit

Out of every ¥100 of sales, about ¥7 is left as operating profit. Revenue changed +38.1% from the prior year, operating profit +32.7%.

Five-year trend

Revenue¥12.4B
FY ending Mar 2023: ¥6.3B¥6.3BFY ending Mar 2024: ¥7.93B¥7.93BFY ending Mar 2025: ¥8.99B¥8.99BFY ending Mar 2026: ¥12.4B¥12.4BFY23FY24FY25FY26
Operating income¥871.3M
FY ending Mar 2023: ¥101.4M¥101.4MFY ending Mar 2024: ¥727.3M¥727.3MFY ending Mar 2025: ¥656.5M¥656.5MFY ending Mar 2026: ¥871.3M¥871.3MFY23FY24FY25FY26
Operating margin7.0%
FY ending Mar 2023: 1.6%1.6%FY ending Mar 2024: 9.2%9.2%FY ending Mar 2025: 7.3%7.3%FY ending Mar 2026: 7.0%7.0%FY23FY24FY25FY26

What drives ROE

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

Net margin5.1%
Asset turnover0.86×
ROA4.4%
ROA4.4%
Financial leverage1.40×
ROE6.1%

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

Net margin5.1%
2023: 1.1%1.1%2024: 6.1%6.1%2025: 3.9%3.9%2026: 5.1%5.1%23242526
Asset turnover0.86×
2023: 1.11×1.11×2024: 0.96×0.96×2025: 0.74×0.74×2026: 0.86×0.86×23242526
ROA4.4%
2023: 1.3%1.3%2024: 5.9%5.9%2025: 2.9%2.9%2026: 4.4%4.4%23242526
Financial leverage1.40×
2023: 1.51×1.51×2024: 1.41×1.41×2025: 1.36×1.36×2026: 1.40×1.40×23242526
ROE6.1%
2023: 1.9%1.9%2024: 8.2%8.2%2025: 3.9%3.9%2026: 6.1%6.1%23242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20231.1%1.11×1.3%1.51×1.9%
20246.1%0.96×5.9%1.41×8.2%
20253.9%0.74×2.9%1.36×3.9%
20265.1%0.86×4.4%1.40×6.1%

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 ÷ revenue4.1%
2023: 1.5%1.5%2024: 1.2%1.2%2025: 1.0%1.0%2026: 4.1%4.1%23242526
PPE ÷ total assets3.3%
2023: 1.7%1.7%2024: 0.9%0.9%2025: 0.6%0.6%2026: 3.3%3.3%23242526
Goodwill ÷ parent equity6.5%
2025: 0.5%0.5%2026: 6.5%6.5%23242526
Goodwill balance¥691.6M
2025: ¥47.5M¥47.5M2026: ¥691.6M¥691.6M23242526

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 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue6,2997,9298,99312,424
Cost of revenue3,0293,4363,9606,281
Gross profit3,2704,4935,0336,143
SG&A3,1693,7654,3775,272
Operating income101727657871
Pretax income169638421671
Income tax981538323
Net income attributable to owners71486353631
Operating margin1.6%9.2%7.3%7.0%

Balance sheet (reported items)

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

Assets

Cash 60%
3%
Intangibles and goodwill 16%
0%
Other assets 21%

Funding

Other liabilities 24%
Equity 76%
0%

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

ItemFY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥3.53B¥7.7B¥8.92B¥9.27B
Total assets¥5.66B¥10.9B¥13.4B¥15.5B
Net assets¥3.96B¥8.4B¥10.4B¥11.7B
Share capital¥100M¥2B¥2.75B¥2.85B
Property, plant and equipment¥94.6M¥96.6M¥85.7M¥511.3M
Intangible assets excluding goodwill¥187.4M¥283M¥554.3M¥1.73B
Goodwill——¥47.5M¥691.6M
Investment securities¥198.3M¥198.3M¥161.6M¥50M
Current assets¥5.07B¥10.1B¥12.3B¥12.8B
Current liabilities¥1.65B¥2.46B¥2.32B¥3.21B
Long-term borrowings——¥687.5M¥437.5M
Total liabilities¥1.7B¥2.51B¥3.05B¥3.75B
Non-controlling interests——¥38.8M¥415.7M
Equity attributable to owners of parent¥3.74B¥8.04B¥9.88B¥10.7B
Retained earnings¥16.8M¥502.3M¥855.1M¥1.96B
Treasury stock——-¥42K-¥42K

Sources

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

    有価証券報告書-第13期(2025/04/01-2026/03/31)

    ID S100YGJH2026-06-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第12期(2024/04/01-2025/03/31)

    ID S100W2AH2025-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第11期(2023/04/01-2024/03/31)

    ID S100TT1W2024-06-26Open

Extracted from XBRL: 45 / Derived from other figures: 1

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