Vizora日本語

THE TorigoeTHE TORIGOE CO.,LTD.2009東証スタンダード食料品FY ending Dec 2025, consolidated, J-GAAP

THE Torigoe revenue and profit

Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed +0.3% from the prior year, operating profit +23.4%.

Five-year trend

Revenue¥26.3B
FY ending Dec 2021: ¥22.7B¥22.7BFY ending Dec 2022: ¥24.4B¥24.4BFY ending Dec 2023: ¥26.4B¥26.4BFY ending Dec 2024: ¥26.2B¥26.2BFY ending Dec 2025: ¥26.3B¥26.3BFY21FY22FY23FY24FY25
Operating income¥1.31B
FY ending Dec 2021: ¥964.9M¥964.9MFY ending Dec 2022: ¥1.23B¥1.23BFY ending Dec 2023: ¥1.06B¥1.06BFY ending Dec 2024: ¥1.06B¥1.06BFY ending Dec 2025: ¥1.31B¥1.31BFY21FY22FY23FY24FY25
Operating margin5.0%
FY ending Dec 2021: 4.3%4.3%FY ending Dec 2022: 5.1%5.1%FY ending Dec 2023: 4.0%4.0%FY ending Dec 2024: 4.1%4.1%FY ending Dec 2025: 5.0%5.0%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin4.3%
Asset turnover0.57×
ROA2.5%
ROA2.5%
Financial leverage1.56×
ROE3.8%

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

Net margin4.3%
2021: 3.7%3.7%2022: 3.8%3.8%2023: 3.7%3.7%2024: 3.6%3.6%2025: 4.3%4.3%2122232425
Asset turnover0.57×
2021: 0.57×0.57×2022: 0.60×0.60×2023: 0.63×0.63×2024: 0.60×0.60×2025: 0.57×0.57×2122232425
ROA2.5%
2021: 2.1%2.1%2022: 2.3%2.3%2023: 2.3%2.3%2024: 2.2%2.2%2025: 2.5%2.5%2122232425
Financial leverage1.56×
2021: 1.45×1.45×2022: 1.46×1.46×2023: 1.47×1.47×2024: 1.50×1.50×2025: 1.56×1.56×2122232425
ROE3.8%
2021: 3.0%3.0%2022: 3.3%3.3%2023: 3.4%3.4%2024: 3.3%3.3%2025: 3.8%3.8%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20213.7%0.57×2.1%1.45×3.0%
20223.8%0.60×2.3%1.46×3.3%
20233.7%0.63×2.3%1.47×3.4%
20243.6%0.60×2.2%1.50×3.3%
20254.3%0.57×2.5%1.56×3.8%

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 ÷ revenue45.0%
2020: 47.0%47.0%2021: 44.9%44.9%2022: 41.2%41.2%2023: 38.7%38.7%2024: 39.0%39.0%2025: 45.0%45.0%202122232425
PPE ÷ total assets25.4%
2020: 26.3%26.3%2021: 25.5%25.5%2022: 24.2%24.2%2023: 24.2%24.2%2024: 22.5%22.5%2025: 25.4%25.4%202122232425

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¥222.2M
2020: ¥233.7M¥233.7M2021: ¥240.8M¥240.8M2022: ¥245.5M¥245.5M2023: ¥239.2M¥239.2M2024: ¥211.2M¥211.2M2025: ¥222.2M¥222.2M202122232425
R&D / revenue0.8%
2020: 1.1%1.1%2021: 1.1%1.1%2022: 1.0%1.0%2023: 0.9%0.9%2024: 0.8%0.8%2025: 0.8%0.8%202122232425
Receivable days54d
2020: 60d60d2021: 60d60d2022: 61d61d2023: 56d56d2024: 56d56d2025: 54d54d202122232425
Payable days29d
2020: 23d23d2021: 25d25d2022: 22d22d2023: 23d23d2024: 24d24d2025: 29d29d202122232425

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 Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue22,70024,40326,38626,16826,250
Cost of revenue17,96619,49321,58421,30121,015
Gross profit4,7344,9104,8024,8675,236
SG&A3,7693,6783,7413,8043,924
Operating income9651,2331,0611,0631,312
Pretax income1,2121,4001,4661,5971,700
Income tax383469498644565
Net income attributable to owners8329329669501,132
Operating margin4.3%5.1%4.0%4.1%5.0%

Balance sheet (reported items)

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

Assets

Cash 26%
8%
Property, plant and equipment 25%
1%
Investment securities 27%
Other assets 13%

Funding

4%
Other liabilities 17%
Equity 79%

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

ItemFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥12.1B¥10.7B¥10.5B¥12.6B¥12B
Total assets¥40B¥41.6B¥42.3B¥45.4B¥46.5B
Net assets¥31.9B¥33.5B¥34.5B¥35.9B¥36.8B
Share capital¥2.81B¥2.81B¥2.81B¥2.81B¥2.81B
Trade receivables¥3.7B¥4.05B¥4.08B¥4B¥3.87B
Property, plant and equipment¥10.2B¥10.1B¥10.2B¥10.2B¥11.8B
Intangible assets excluding goodwill¥243.8M¥236.8M¥358.2M¥329M¥301M
Investment securities¥8.04B¥9.43B¥9.95B¥11.2B¥12.3B
Current assets¥21.4B¥21.7B¥21.7B¥23.5B¥21.9B
Current liabilities¥3.95B¥4.02B¥4.79B¥4.21B¥4.53B
Trade payables¥1.23B¥1.19B¥1.35B¥1.4B¥1.66B
Short-term borrowings¥1.46B¥1.55B¥2.19B¥1.44B¥1.53B
Long-term borrowings¥1.9B¥1.3B¥158M¥1.84B¥1.26B
Total liabilities¥8.1B¥8.05B¥7.82B¥9.46B¥9.68B
Non-controlling interests¥26.4M¥25.9M¥27.8M¥31M¥34.1M
Equity attributable to owners of parent¥27.6B¥28.2B¥28.9B¥29.4B¥29.6B
Retained earnings¥24.2B¥24.8B¥25.4B¥25.9B¥26.1B
Treasury stock-¥2.13B-¥2.08B-¥2.08B-¥2.08B-¥2.07B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第91期(2025/01/01－2025/12/31)

    ID S100XTAP2026-03-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第90期(2024/01/01－2024/12/31)

    ID S100VHCR2025-03-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第89期(2023/01/01－2023/12/31)

    ID S100T4JV2024-03-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第88期(2022/01/01－2022/12/31)

    ID S100QHC42023-03-30Open

  • EDINET (FSA Japan)

    有価証券報告書－第87期(令和3年1月1日－令和3年12月31日)

    ID S100NS6S2022-03-30Open

  • EDINET (FSA Japan)

    有価証券報告書－第86期(令和2年1月1日－令和2年12月31日)

    ID S100L17H2021-03-30Open

Extracted from XBRL: 54 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.

Open MarkdownShare on XSave image