TASUKI HoldingsTASUKI Holdings Inc.166A東証グロース不動産業FY ending Sep 2025, consolidated, J-GAAP

TASUKI Holdings revenue and profit

Out of every ¥100 of sales, about ¥12 is left as operating profit. Revenue changed +56.8% from the prior year, operating profit +116.8%.

Five-year trend

Revenue¥74.4B
FY ending Sep 2024: ¥47.5B¥47.5BFY ending Sep 2025: ¥74.4B¥74.4BFY24FY25
Operating income¥8.82B
FY ending Sep 2024: ¥4.07B¥4.07BFY ending Sep 2025: ¥8.82B¥8.82BFY24FY25
Operating margin11.8%
FY ending Sep 2024: 8.6%8.6%FY ending Sep 2025: 11.8%11.8%FY24FY25

What drives ROE

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

Net margin6.6%
Asset turnover1.04×
ROA6.9%
ROA6.9%
Financial leverage2.68×
ROE18.6%

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

Net margin6.6%
2024: 4.7%4.7%2025: 6.6%6.6%2425
Asset turnover1.04×
2024: 0.80×0.80×2025: 1.04×1.04×2425
ROA6.9%
2024: 3.7%3.7%2025: 6.9%6.9%2425
Financial leverage2.68×
2024: 2.79×2.79×2025: 2.68×2.68×2425
ROE18.6%
2024: 10.4%10.4%2025: 18.6%18.6%2425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20244.7%0.80×3.7%2.79×10.4%
20256.6%1.04×6.9%2.68×18.6%

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 ÷ revenue3.9%
2024: 3.3%3.3%2025: 3.9%3.9%2425
PPE ÷ total assets3.5%
2024: 2.6%2.6%2025: 3.5%3.5%2425
Goodwill ÷ parent equity9.4%
2024: 15.6%15.6%2025: 9.4%9.4%2425
Goodwill balance¥2.98B
2024: ¥3.33B¥3.33B2025: ¥2.98B¥2.98B2425

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 Sep 2024FY ending Sep 2025
Revenue47,45574,412
Cost of revenue39,48359,620
Gross profit7,97314,792
SG&A3,9075,977
Operating income4,0658,815
Pretax income3,5627,817
Income tax1,2012,432
Net income attributable to owners2,2174,934
Operating margin8.6%11.8%

Balance sheet (reported items)

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

Assets

Cash 32%
4%
7%
1%
Other assets 56%

Funding

Interest-bearing debt 49%
Other liabilities 11%
Equity 40%

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

ItemFY ending Sep 2024FY ending Sep 2025
Cash and equivalents¥14.4B¥26.2B
Total assets¥59.4B¥83.2B
Net assets¥21.9B¥33B
Share capital¥3.02B¥6.24B
Property, plant and equipment¥1.55B¥2.9B
Intangible assets excluding goodwill¥3.35B¥3.08B
Goodwill¥3.33B¥2.98B
Investment securities¥844.8M¥1.14B
Current assets¥53.2B¥75.6B
Current liabilities¥16.1B¥19.7B
Short-term borrowings¥5.8B¥10.5B
Long-term borrowings¥20.9B¥30.1B
Bonds¥149M¥55M
Interest-bearing debt¥26.8Bderived¥40.6Bderived
Total liabilities¥37.5B¥50.2B
Non-controlling interests¥628.1M¥1.08B
Equity attributable to owners of parent¥21.3B¥31.8B
Retained earnings¥4.38B¥8.48B
Treasury stock-¥7.4M-¥9.5M

Sources

Show source documents (2)
  • EDINET (FSA Japan)

    有価証券報告書-第2期(2024/10/01-2025/09/30)

    ID S100XBKO2025-12-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第1期(2024/04/01-2024/09/30)

    ID S100UZMX2024-12-20Open

Extracted from XBRL: 52 / Derived from other figures: 2

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