Startia HoldingsStartia Holdings,Inc.3393東証プライム卸売業FY ending Mar 2026, consolidated, J-GAAP

Startia Holdings revenue and profit

Out of every ¥100 of sales, about ¥14 is left as operating profit. Revenue changed +7.1% from the prior year, operating profit +18.4%.

Five-year trend

Revenue¥23.8B
FY ending Mar 2022: ¥16B¥16BFY ending Mar 2023: ¥20B¥20BFY ending Mar 2024: ¥19.6B¥19.6BFY ending Mar 2025: ¥22.2B¥22.2BFY ending Mar 2026: ¥23.8B¥23.8BFY22FY23FY24FY25FY26
Operating income¥3.24B
FY ending Mar 2022: ¥344.8M¥344.8MFY ending Mar 2023: ¥1.72B¥1.72BFY ending Mar 2024: ¥2.28B¥2.28BFY ending Mar 2025: ¥2.74B¥2.74BFY ending Mar 2026: ¥3.24B¥3.24BFY22FY23FY24FY25FY26
Operating margin13.6%
FY ending Mar 2022: 2.2%2.2%FY ending Mar 2023: 8.6%8.6%FY ending Mar 2024: 11.7%11.7%FY ending Mar 2025: 12.3%12.3%FY ending Mar 2026: 13.6%13.6%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin9.7%
Asset turnover1.60×
ROA15.6%
ROA15.6%
Financial leverage1.88×
ROE29.3%

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

Net margin9.7%
2022: 6.0%6.0%2023: 6.1%6.1%2024: 7.9%7.9%2025: 8.8%8.8%2026: 9.7%9.7%2223242526
Asset turnover1.60×
2022: 1.41×1.41×2023: 1.65×1.65×2024: 1.42×1.42×2025: 1.54×1.54×2026: 1.60×1.60×2223242526
ROA15.6%
2022: 8.4%8.4%2023: 10.0%10.0%2024: 11.2%11.2%2025: 13.6%13.6%2026: 15.6%15.6%2223242526
Financial leverage1.88×
2022: 2.86×2.86×2023: 2.53×2.53×2024: 2.25×2.25×2025: 2.04×2.04×2026: 1.88×1.88×2223242526
ROE29.3%
2022: 24.1%24.1%2023: 25.3%25.3%2024: 25.2%25.2%2025: 27.7%27.7%2026: 29.3%29.3%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20226.0%1.41×8.4%2.86×24.1%
20236.1%1.65×10.0%2.53×25.3%
20247.9%1.42×11.2%2.25×25.2%
20258.8%1.54×13.6%2.04×27.7%
20269.7%1.60×15.6%1.88×29.3%

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 ÷ revenue0.8%
2021: 1.0%1.0%2022: 1.5%1.5%2023: 1.1%1.1%2024: 1.2%1.2%2025: 1.0%1.0%2026: 0.8%0.8%212223242526
PPE ÷ total assets1.3%
2021: 1.6%1.6%2022: 2.0%2.0%2023: 1.8%1.8%2024: 1.6%1.6%2025: 1.6%1.6%2026: 1.3%1.3%212223242526
Goodwill ÷ parent equity3.8%
2021: 0.9%0.9%2022: 11.3%11.3%2023: 7.0%7.0%2024: 7.0%7.0%2025: 5.2%5.2%2026: 3.8%3.8%212223242526
Goodwill balance¥319.3M
2021: ¥38M¥38M2022: ¥450.7M¥450.7M2023: ¥391.6M¥391.6M2024: ¥463.6M¥463.6M2025: ¥391.4M¥391.4M2026: ¥319.3M¥319.3M212223242526

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—
2024: ¥1.7M¥1.7M212223242526
R&D / revenue—
2024: 0.0%0.0%212223242526
Receivable days—
2021: 64d64d212223242526
Inventory days14d
2021: 8d8d2022: 23d23d2023: 24d24d2024: 13d13d2025: 14d14d2026: 14d14d212223242526

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
Revenue16,01120,00419,57222,21223,790
Cost of revenue9,17111,55010,39512,24412,961
Gross profit6,8408,4559,1779,96810,829
SG&A6,4956,7316,8947,2307,586
Operating income3451,7242,2832,7383,243
Pretax income1,3141,9382,2962,7883,357
Income tax3557257518061,000
Net income attributable to owners9581,2121,5461,9602,318
Operating margin2.2%8.6%11.7%12.3%13.6%

Balance sheet (reported items)

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

Assets

Cash 49%
3%
1%
Intangibles and goodwill 10%
1%
Other assets 36%

Funding

Other liabilities 45%
Equity 55%

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¥3.06B¥4.87B¥7.37B¥6.57B¥7.67B
Total assets¥11.4B¥12.9B¥14.7B¥14.2B¥15.5B
Net assets¥4.23B¥5.69B¥6.82B¥7.65B¥8.49B
Share capital¥824.3M¥824.3M¥824.3M¥824.3M¥824.3M
Inventories¥585.2M¥768.5M¥367.1M¥454.6M¥496.4M
Property, plant and equipment¥232.9M¥226.3M¥232.3M¥226.4M¥196.8M
Intangible assets excluding goodwill¥1.59B¥1.35B¥1.47B¥1.33B¥1.18B
Goodwill¥450.7M¥391.6M¥463.6M¥391.4M¥319.3M
Investment securities¥1B¥365.9M¥388.4M¥151.1M¥137.4M
Current assets¥7.77B¥9.9B¥11.6B¥11.5B¥13.1B
Current liabilities¥6.23B¥5.95B¥6.14B¥5.25B¥5.92B
Short-term borrowings¥1.85B¥900M¥1.1B¥400M¥400M
Long-term borrowings¥815.9M¥1.15B¥1.72B¥1.29B¥1.13B
Total liabilities¥7.15B¥7.22B¥7.87B¥6.55B¥7.06B
Non-controlling interests——¥32M¥54.4M¥93.5M
Equity attributable to owners of parent¥3.98B¥5.62B¥6.64B¥7.52B¥8.32B
Retained earnings¥3.73B¥4.69B¥5.68B¥6.57B¥7.69B
Treasury stock-¥1.47B-¥802.2M-¥1.02B-¥1.04B-¥1.36B

Sources

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

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

    ID S100YCNU2026-06-16Open
  • EDINET (FSA Japan)

    有価証券報告書-第30期(2024/04/01-2025/03/31)

    ID S100VZEI2025-06-18Open
  • EDINET (FSA Japan)

    有価証券報告書-第29期(2023/04/01-2024/03/31)

    ID S100TOTJ2024-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第28期(2022/04/01-2023/03/31)

    ID S100R0K62023-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第27期(令和3年4月1日-令和4年3月31日)

    ID S100OBZ32022-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第26期(令和2年4月1日-令和3年3月31日)

    ID S100LOMJ2021-06-24Open

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

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.