Starts PublishingStarts Publishing Corporation7849東証スタンダード情報・通信業FY ending Dec 2025, non-consolidated, J-GAAP
Out of every ¥100 of sales, about ¥21 is left as operating profit. Revenue changed -5.1% from the prior year, operating profit -24.9%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2021 | 10.1% | 0.83× | 8.4% | 1.38× | 11.6% |
| 2022 | 16.6% | 0.92× | 15.3% | 1.41× | 21.5% |
| 2023 | 21.3% | 0.87× | 18.6% | 1.41× | 26.1% |
| 2024 | 21.3% | 0.76× | 16.2% | 1.35× | 21.8% |
| 2025 | 16.9% | 0.65× | 11.1% | 1.30× | 14.4% |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
| Item | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 5,593 | 7,023 | 8,342 | 8,582 | 8,143 |
| Cost of revenue | 2,924 | 3,436 | 3,795 | 3,837 | 3,962 |
| Gross profit | 2,668 | 3,587 | 4,547 | 4,745 | 4,181 |
| SG&A | 1,777 | 2,001 | 2,274 | 2,406 | 2,424 |
| Operating income | 815 | 1,587 | 2,273 | 2,338 | 1,757 |
| Pretax income | 917 | 1,691 | 2,367 | 2,530 | 1,933 |
| Income tax | 351 | 524 | 589 | 703 | 556 |
| Net income attributable to owners | 566 | 1,168 | 1,778 | 1,827 | 1,377 |
| Operating margin | 14.6% | 22.6% | 27.3% | 27.2% | 21.6% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥2.29B | ¥3.35B | ¥4.84B | ¥6.22B | ¥5.57B |
| Total assets | ¥6.75B | ¥8.55B | ¥10.6B | ¥12B | ¥12.9B |
| Net assets | ¥5.28B | ¥6.39B | ¥8.17B | ¥9.77B | ¥10.8B |
| Share capital | ¥540.9M | ¥540.9M | ¥540.9M | ¥540.9M | ¥540.9M |
| Property, plant and equipment | ¥34.1M | ¥54M | ¥51.5M | ¥43.3M | ¥40M |
| Intangible assets excluding goodwill | ¥173.2M | ¥147.5M | ¥154.3M | ¥148.1M | ¥152.6M |
| Investment securities | ¥95.6M | ¥101.8M | ¥203.5M | ¥180.4M | ¥883.4M |
| Current assets | ¥5.77B | ¥7.57B | ¥9.4B | ¥10.6B | ¥10.4B |
| Current liabilities | ¥1.32B | ¥2.04B | ¥2.28B | ¥2.02B | ¥1.87B |
| Total liabilities | ¥1.48B | ¥2.16B | ¥2.42B | ¥2.21B | ¥2.13B |
| Equity attributable to owners of parent | ¥4.88B | ¥5.97B | ¥7.64B | ¥9.12B | ¥10B |
| Retained earnings | ¥3.81B | ¥4.9B | ¥6.56B | ¥8.04B | ¥8.96B |
| Treasury stock | -¥350K | -¥350K | -¥503K | -¥688K | -¥903K |
EDINET (FSA Japan)
有価証券報告書－第43期(2025/01/01－2025/12/31)
EDINET (FSA Japan)
有価証券報告書－第42期(2024/01/01－2024/12/31)
EDINET (FSA Japan)
有価証券報告書－第41期(2023/01/01－2023/12/31)
EDINET (FSA Japan)
有価証券報告書－第40期(2022/01/01－2022/12/31)
EDINET (FSA Japan)
有価証券報告書－第39期(令和3年1月1日－令和3年12月31日)
EDINET (FSA Japan)
有価証券報告書－第38期(令和2年1月1日－令和2年12月31日)
Extracted from XBRL: 45 / Derived from other figures: 2
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