Studio AtaoSTUDIO ATAO Co.Ltd.3550東証グロース小売業FY ending Feb 2026, non-consolidated, J-GAAP

Studio Atao revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed +11.6% from the prior year, operating profit +31.1%.

Five-year trend

Revenue¥4.13B
FY ending Feb 2023: ¥3.71B¥3.71BFY ending Feb 2023: ¥3.71B¥3.71BFY ending Feb 2024: ¥3.24B¥3.24BFY ending Feb 2025: ¥3.7B¥3.7BFY ending Feb 2026: ¥4.13B¥4.13BFY23FY23FY24FY25FY26
Operating income¥239.3M
FY ending Feb 2023: -¥257.4M-¥257.4MFY ending Feb 2023: -¥256.8M-¥256.8MFY ending Feb 2024: ¥123.7M¥123.7MFY ending Feb 2025: ¥182.6M¥182.6MFY ending Feb 2026: ¥239.3M¥239.3MFY23FY23FY24FY25FY26
Operating margin5.8%
FY ending Feb 2023: -6.9%-6.9%FY ending Feb 2023: -6.9%-6.9%FY ending Feb 2024: 3.8%3.8%FY ending Feb 2025: 4.9%4.9%FY ending Feb 2026: 5.8%5.8%FY23FY23FY24FY25FY26

What drives ROE

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

Net margin3.7%
Asset turnover1.30×
ROA4.8%
ROA4.8%
Financial leverage1.25×
ROE6.0%

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

Net margin3.7%
2024: 1.6%1.6%2025: 1.9%1.9%2026: 3.7%3.7%2323242526
Asset turnover1.30×
2024: 0.92×0.92×2025: 1.10×1.10×2026: 1.30×1.30×2323242526
ROA4.8%
2023: -6.0%-6.0%2023: -6.0%-6.0%2024: 1.4%1.4%2025: 2.0%2.0%2026: 4.8%4.8%2323242526
Financial leverage1.25×
2024: 1.42×1.42×2025: 1.34×1.34×2026: 1.25×1.25×2323242526
ROE6.0%
2024: 2.0%2.0%2025: 2.7%2.7%2026: 6.0%6.0%2323242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
2023——×-6.0%—×—
2023——×-6.0%—×—
20241.6%0.92×1.4%1.42×2.0%
20251.9%1.10×2.0%1.34×2.7%
20263.7%1.30×4.8%1.25×6.0%

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 ÷ revenue4.3%
2023: 8.5%8.5%2024: 8.3%8.3%2025: 5.9%5.9%2026: 4.3%4.3%23242526
PPE ÷ total assets5.6%
2023: 8.4%8.4%2024: 7.6%7.6%2025: 6.9%6.9%2026: 5.6%5.6%23242526

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 Feb 2023FY ending Feb 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Revenue3,7093,7093,2413,6964,126
Cost of revenue1,2681,2681,0521,2301,314
Gross profit2,4412,4412,1902,4662,812
SG&A2,6992,6982,0662,2832,573
Operating income-257-257124183239
Pretax income-243-243115159243
Income tax-14-14649192
Net income attributable to owners-229-2295168152
Operating margin-6.9%-6.9%3.8%4.9%5.8%

Balance sheet (reported items)

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

Assets

Cash 57%
6%
0%
Other assets 37%

Funding

Other liabilities 19%
Equity 81%
0%

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

ItemFY ending Feb 2023FY ending Feb 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Cash and equivalents¥1.79B¥1.83B¥1.92B¥1.83B¥1.82B
Total assets¥3.79B¥3.8B¥3.54B¥3.17B¥3.18B
Net assets¥2.55B¥2.56B¥2.5B¥2.5B¥2.59B
Share capital¥399M¥399M¥399M¥399M¥399M
Property, plant and equipment¥317.1M¥317.1M¥269.6M¥218.3M¥176.9M
Intangible assets excluding goodwill¥7.5M¥7.8M¥1.3M¥2.9M¥2.3M
Current assets¥2.94B¥2.98B¥2.85B¥2.58B¥2.67B
Current liabilities¥610.4M¥610.7M¥768.5M¥582.7M¥512.1M
Long-term borrowings¥556.7M¥556.7M¥198.3M——
Total liabilities¥1.23B¥1.24B¥1.04B¥670.1M¥596.1M
Equity attributable to owners of parent¥2.55B¥2.56B¥2.5B¥2.5B¥2.59B
Retained earnings¥1.76B¥1.77B¥1.74B¥1.74B¥1.82B
Treasury stock-¥76K-¥76K-¥35.9M-¥34.1M-¥31.5M

Sources

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

    有価証券報告書-第22期(2025/03/01-2026/02/28)

    ID S100Y4QT2026-05-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第21期(2024/03/01-2025/02/28)

    ID S100VTBZ2025-05-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第20期(2023/03/01-2024/02/29)

    ID S100THUF2024-05-28Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第19期(2022/03/01-2023/02/28)

    ID S100QV4T2023-05-31Open
  • EDINET (FSA Japan)

    有価証券報告書-第18期(令和3年3月1日-令和4年2月28日)

    ID S100O5VV2022-05-31Open
  • EDINET (FSA Japan)

    有価証券報告書-第17期(令和2年3月1日-令和3年2月28日)

    ID S100LE922021-05-25Open

Extracted from XBRL: 42 / Derived from other figures: 2

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