System LocationSystem Location Co.,Ltd.2480東証スタンダードサービス業FY ending Mar 2026, consolidated, J-GAAP

System Location revenue and profit

Out of every ¥100 of sales, about ¥35 is left as operating profit. Revenue changed +4.0% from the prior year, operating profit +12.7%.

Five-year trend

Revenue¥1.73B
FY ending Mar 2022: ¥1.3B¥1.3BFY ending Mar 2023: ¥1.7B¥1.7BFY ending Mar 2024: ¥1.74B¥1.74BFY ending Mar 2025: ¥1.67B¥1.67BFY ending Mar 2026: ¥1.73B¥1.73BFY22FY23FY24FY25FY26
Operating income¥604.3M
FY ending Mar 2022: ¥553.4M¥553.4MFY ending Mar 2023: ¥561.7M¥561.7MFY ending Mar 2024: ¥580.5M¥580.5MFY ending Mar 2025: ¥536.2M¥536.2MFY ending Mar 2026: ¥604.3M¥604.3MFY22FY23FY24FY25FY26
Operating margin34.9%
FY ending Mar 2022: 42.5%42.5%FY ending Mar 2023: 33.1%33.1%FY ending Mar 2024: 33.3%33.3%FY ending Mar 2025: 32.2%32.2%FY ending Mar 2026: 34.9%34.9%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin17.1%
Asset turnover0.37×
ROA6.4%
ROA6.4%
Financial leverage1.31×
ROE8.4%

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

Net margin17.1%
2022: 32.4%32.4%2023: 21.8%21.8%2024: 21.5%21.5%2025: 19.8%19.8%2026: 17.1%17.1%2223242526
Asset turnover0.37×
2022: 0.36×0.36×2023: 0.45×0.45×2024: 0.42×0.42×2025: 0.38×0.38×2026: 0.37×0.37×2223242526
ROA6.4%
2022: 11.7%11.7%2023: 9.7%9.7%2024: 8.9%8.9%2025: 7.6%7.6%2026: 6.4%6.4%2223242526
Financial leverage1.31×
2022: 1.27×1.27×2023: 1.30×1.30×2024: 1.33×1.33×2025: 1.30×1.30×2026: 1.31×1.31×2223242526
ROE8.4%
2022: 14.9%14.9%2023: 12.6%12.6%2024: 11.9%11.9%2025: 9.8%9.8%2026: 8.4%8.4%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202232.4%0.36×11.7%1.27×14.9%
202321.8%0.45×9.7%1.30×12.6%
202421.5%0.42×8.9%1.33×11.9%
202519.8%0.38×7.6%1.30×9.8%
202617.1%0.37×6.4%1.31×8.4%

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 ÷ revenue19.8%
2021: 26.9%26.9%2022: 20.8%20.8%2023: 19.1%19.1%2024: 21.0%21.0%2025: 20.7%20.7%2026: 19.8%19.8%212223242526
PPE ÷ total assets7.0%
2021: 9.3%9.3%2022: 7.5%7.5%2023: 8.1%8.1%2024: 8.3%8.3%2025: 7.9%7.9%2026: 7.0%7.0%212223242526
Goodwill ÷ parent equity1.7%
2022: 0.1%0.1%2023: 4.2%4.2%2024: 3.2%3.2%2025: 2.4%2.4%2026: 1.7%1.7%212223242526
Goodwill balance¥63.3M
2022: ¥3.7M¥3.7M2023: ¥126.6M¥126.6M2024: ¥105.5M¥105.5M2025: ¥84.4M¥84.4M2026: ¥63.3M¥63.3M212223242526

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¥38.1M
2021: ¥25.5M¥25.5M2022: ¥23.7M¥23.7M2023: ¥19.9M¥19.9M2024: ¥24.1M¥24.1M2025: ¥23M¥23M2026: ¥38.1M¥38.1M212223242526
R&D / revenue2.2%
2021: 2.2%2.2%2022: 1.8%1.8%2023: 1.2%1.2%2024: 1.4%1.4%2025: 1.4%1.4%2026: 2.2%2.2%212223242526
Receivable days—
2021: 43d43d212223242526

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
Revenue1,3021,6961,7421,6671,733
Cost of revenue181300375382350
Gross profit1,1211,3961,3671,2851,383
SG&A567835787749779
Operating income553562581536604
Pretax income610585574497522
Income tax192216201170226
Net income attributable to owners422369374331297
Operating margin42.5%33.1%33.3%32.2%34.9%

Balance sheet (reported items)

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

Assets

Cash 18%
7%
Intangibles and goodwill 12%
Investment securities 23%
Other assets 40%

Funding

Other liabilities 17%
Equity 83%

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¥1.98B¥1.66B¥1.98B¥2.2B¥889.6M
Total assets¥3.6B¥3.98B¥4.38B¥4.38B¥4.9B
Net assets¥3.05B¥3.19B¥3.55B¥3.7B¥4.04B
Share capital¥191.4M¥191.4M¥100M¥100M¥100M
Property, plant and equipment¥271.3M¥324M¥365.1M¥344.7M¥342.6M
Intangible assets excluding goodwill¥266.3M¥902.1M¥756.7M¥626.5M¥511M
Goodwill¥3.7M¥126.6M¥105.5M¥84.4M¥63.3M
Investment securities¥653.3M¥627.8M¥831.6M¥821.6M¥1.13B
Current assets¥2.17B¥1.88B¥2.2B¥2.42B¥2.74B
Current liabilities¥189M¥250.6M¥222.5M¥163.2M¥272.3M
Total liabilities¥549.5M¥799.3M¥822.7M¥681.3M¥855.5M
Non-controlling interests¥5.3M¥5M¥3.6M——
Equity attributable to owners of parent¥2.83B¥3.02B¥3.26B¥3.46B¥3.63B
Retained earnings¥2.47B¥2.66B¥2.9B¥3.1B¥3.26B
Treasury stock-¥18.7M-¥18.7M-¥18.7M-¥18.7M-¥18.9M

Sources

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

    有価証券報告書-第58期(2025/04/01-2026/03/31)

    ID S100YGTA2026-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第57期(2024/04/01-2025/03/31)

    ID S100W3E32025-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第56期(2023/04/01-2024/03/31)

    ID S100TS2A2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第55期(2022/04/01-2023/03/31)

    ID S100R0YH2023-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第54期(令和3年4月1日-令和4年3月31日)

    ID S100ODKK2022-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第53期(令和2年4月1日-令和3年3月31日)

    ID S100LOJF2021-06-24Open

Extracted from XBRL: 50 / Derived from other figures: 1

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