System ResearchSYSTEM RESEARCH CO.,LTD.3771東証プライム情報・通信業FY ending Mar 2026, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥12 is left as operating profit. Revenue changed +12.2% from the prior year, operating profit +15.8%.
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 |
|---|---|---|---|---|---|
| 2022 | 8.1% | 1.43× | 11.6% | 1.61× | 18.6% |
| 2023 | 7.4% | 1.59× | 11.8% | 1.58× | 18.7% |
| 2024 | 8.4% | 1.54× | 13.0% | 1.55× | 20.1% |
| 2025 | 8.5% | 1.54× | 13.0% | 1.51× | 19.7% |
| 2026 | 9.0% | 1.57× | 14.1% | 1.46× | 20.7% |
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
Track R&D investment and how long operating capital remains tied up before sales turn into cash.
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.
| Item | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 18,405 | 21,556 | 23,320 | 25,931 | 29,083 |
| Cost of revenue | 14,287 | 16,740 | 17,963 | 19,903 | 22,320 |
| Gross profit | 4,118 | 4,816 | 5,357 | 6,028 | 6,764 |
| SG&A | 2,040 | 2,314 | 2,654 | 3,031 | 3,293 |
| Operating income | 2,078 | 2,502 | 2,704 | 2,998 | 3,470 |
| Pretax income | 2,114 | 2,153 | 2,677 | 3,073 | 3,506 |
| Income tax | 619 | 549 | 704 | 875 | 891 |
| Net income attributable to owners | 1,492 | 1,602 | 1,969 | 2,195 | 2,611 |
| Operating margin | 11.3% | 11.6% | 11.6% | 11.6% | 11.9% |
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 Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥6.31B | ¥7.34B | ¥8.32B | ¥8.2B | ¥8.43B |
| Total assets | ¥12.9B | ¥14.2B | ¥16.1B | ¥17.5B | ¥19.5B |
| Net assets | ¥8.13B | ¥9.14B | ¥10.5B | ¥11.8B | ¥13.5B |
| Share capital | ¥550.1M | ¥550.1M | ¥550.1M | ¥550.1M | ¥550.1M |
| Property, plant and equipment | ¥976.3M | ¥1.14B | ¥2.03B | ¥2.82B | ¥3.5B |
| Intangible assets excluding goodwill | ¥431.1M | ¥389.9M | ¥348.1M | ¥313.4M | ¥273.4M |
| Goodwill | ¥311.3M | ¥245.8M | ¥180.2M | ¥114.7M | ¥49.1M |
| Investment securities | ¥38.2M | ¥13.5M | ¥15.8M | ¥12.9M | ¥12.4M |
| Current assets | ¥10.4B | ¥11.9B | ¥13B | ¥13.6B | ¥14.8B |
| Current liabilities | ¥4.08B | ¥4.39B | ¥4.96B | ¥5.13B | ¥5.6B |
| Long-term borrowings | ¥622.2M | ¥661M | ¥661.1M | ¥566.7M | ¥376.4M |
| Total liabilities | ¥4.75B | ¥5.05B | ¥5.62B | ¥5.7B | ¥5.97B |
| Non-controlling interests | ¥9.8M | ¥12.4M | ¥15.4M | ¥18.6M | ¥22.1M |
| Equity attributable to owners of parent | ¥8.02B | ¥9.12B | ¥10.5B | ¥11.8B | ¥13.5B |
| Retained earnings | ¥6.95B | ¥8.05B | ¥9.43B | ¥11B | ¥12.6B |
| Treasury stock | -¥1.1M | -¥1.3M | -¥1.6M | -¥223.8M | -¥196M |
EDINET (FSA Japan)
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有価証券報告書－第43期(2022/04/01－2023/03/31)
EDINET (FSA Japan)
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EDINET (FSA Japan)
有価証券報告書－第41期(令和2年4月1日－令和3年3月31日)
Extracted from XBRL: 51 / Derived from other figures: 1
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