Systems Engineering ConsultantsSystems Engineering Consultants Co.,LTD.3741東証プライム情報・通信業FY ending Mar 2026, non-consolidated, J-GAAP

Systems Engineering Consultants revenue and profit

Out of every ¥100 of sales, about ¥17 is left as operating profit. Revenue changed +9.0% from the prior year, operating profit +4.8%.

Five-year trend

Revenue¥11.2B
FY ending Mar 2022: ¥6.56B¥6.56BFY ending Mar 2023: ¥7.49B¥7.49BFY ending Mar 2024: ¥8.53B¥8.53BFY ending Mar 2025: ¥10.3B¥10.3BFY ending Mar 2026: ¥11.2B¥11.2BFY22FY23FY24FY25FY26
Operating income¥1.88B
FY ending Mar 2022: ¥1.06B¥1.06BFY ending Mar 2023: ¥1.22B¥1.22BFY ending Mar 2024: ¥1.47B¥1.47BFY ending Mar 2025: ¥1.79B¥1.79BFY ending Mar 2026: ¥1.88B¥1.88BFY22FY23FY24FY25FY26
Operating margin16.8%
FY ending Mar 2022: 16.2%16.2%FY ending Mar 2023: 16.2%16.2%FY ending Mar 2024: 17.2%17.2%FY ending Mar 2025: 17.4%17.4%FY ending Mar 2026: 16.8%16.8%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin13.5%
Asset turnover0.93×
ROA12.5%
ROA12.5%
Financial leverage1.25×
ROE15.5%

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

Net margin13.5%
2022: 11.9%11.9%2023: 11.7%11.7%2024: 13.0%13.0%2025: 13.1%13.1%2026: 13.5%13.5%2223242526
Asset turnover0.93×
2022: 0.78×0.78×2023: 0.85×0.85×2024: 0.88×0.88×2025: 0.94×0.94×2026: 0.93×0.93×2223242526
ROA12.5%
2022: 9.3%9.3%2023: 10.0%10.0%2024: 11.5%11.5%2025: 12.3%12.3%2026: 12.5%12.5%2223242526
Financial leverage1.25×
2022: 1.20×1.20×2023: 1.21×1.21×2024: 1.22×1.22×2025: 1.25×1.25×2026: 1.25×1.25×2223242526
ROE15.5%
2022: 11.1%11.1%2023: 12.0%12.0%2024: 13.9%13.9%2025: 15.3%15.3%2026: 15.5%15.5%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202211.9%0.78×9.3%1.20×11.1%
202311.7%0.85×10.0%1.21×12.0%
202413.0%0.88×11.5%1.22×13.9%
202513.1%0.94×12.3%1.25×15.3%
202613.5%0.93×12.5%1.25×15.5%

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 ÷ revenue2.0%
2021: 0.7%0.7%2022: 0.6%0.6%2023: 2.1%2.1%2024: 1.9%1.9%2025: 1.7%1.7%2026: 2.0%2.0%212223242526
PPE ÷ total assets1.8%
2021: 0.6%0.6%2022: 0.5%0.5%2023: 1.7%1.7%2024: 1.6%1.6%2025: 1.5%1.5%2026: 1.8%1.8%212223242526

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¥217.1M
2021: ¥48.6M¥48.6M2022: ¥53.7M¥53.7M2023: ¥66.4M¥66.4M2024: ¥100.4M¥100.4M2025: ¥151M¥151M2026: ¥217.1M¥217.1M212223242526
R&D / revenue1.9%
2021: 0.7%0.7%2022: 0.8%0.8%2023: 0.9%0.9%2024: 1.2%1.2%2025: 1.5%1.5%2026: 1.9%1.9%212223242526

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
Revenue6,5607,4898,53510,29511,220
Cost of revenue4,5855,2475,9847,2257,894
Gross profit1,9752,2422,5513,0703,327
SG&A9121,0261,0841,2771,447
Operating income1,0631,2161,4671,7931,880
Pretax income1,1071,2791,5481,8942,063
Income tax327400443550553
Net income attributable to owners7808791,1051,3441,509
Operating margin16.2%16.2%17.2%17.4%16.8%

Balance sheet (reported items)

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

Assets

Cash 27%
2%
0%
Investment securities 9%
Other assets 62%

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¥3.23B¥3.08B¥2.97B¥2.23B¥3.32B
Total assets¥8.43B¥9.19B¥10.1B¥11.8B¥12.4B
Net assets¥7.09B¥7.6B¥8.4B¥9.33B¥10.3B
Share capital¥477.3M¥477.3M¥477.3M¥477.3M¥477.3M
Property, plant and equipment¥38.7M¥159.6M¥158.9M¥175.1M¥228.9M
Intangible assets excluding goodwill¥6.3M¥3.8M¥11.2M¥8.5M¥12.8M
Investment securities¥807.1M¥1.01B¥1.15B¥1.18B¥1.09B
Current assets¥6.65B¥7.04B¥7.79B¥9.33B¥9.92B
Current liabilities¥1.2B¥1.39B¥1.54B¥2.28B¥1.93B
Short-term borrowings¥36M¥36M¥36M¥36M¥36M
Total liabilities¥1.33B¥1.58B¥1.71B¥2.45B¥2.12B
Equity attributable to owners of parent¥7.04B¥7.56B¥8.32B¥9.24B¥10.2B
Retained earnings¥5.99B¥6.55B¥7.31B¥8.21B¥9.16B
Treasury stock-¥11.5M-¥64.8M-¥55.6M-¥48.3M-¥36.9M

Sources

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

    有価証券報告書-第56期(2025/04/01-2026/03/31)

    ID S100YIG22026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第55期(2024/04/01-2025/03/31)

    ID S100W7GP2025-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第54期(2023/04/01-2024/03/31)

    ID S100TV8V2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第53期(2022/04/01-2023/03/31)

    ID S100R8QZ2023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第52期(令和3年4月1日-令和4年3月31日)

    ID S100OKKL2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第51期(令和2年4月1日-令和3年3月31日)

    ID S100LO592021-06-28Open

Extracted from XBRL: 46 / Derived from other figures: 1

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