ThincaThinca Co.,Ltd.149A東証グロース情報・通信業FY ending Dec 2025, non-consolidated, J-GAAP
Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +18.8% from the prior year, operating profit -23.0%.
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 | — | —× | -34.1% | —× | — |
| 2023 | 10.5% | 2.22× | 23.3% | 1.39× | 32.3% |
| 2024 | 1.3% | 1.40× | 1.8% | 1.29× | 2.3% |
| 2025 | 2.9% | 1.17× | 3.4% | 1.24× | 4.2% |
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 Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|
| Revenue | 768 | 1,040 | 1,232 | 1,464 |
| Cost of revenue | 163 | 173 | 216 | 265 |
| Gross profit | 605 | 868 | 1,016 | 1,200 |
| SG&A | 756 | 766 | 938 | 1,139 |
| Operating income | -151 | 101 | 78 | 60 |
| Pretax income | -151 | 98 | 49 | 62 |
| Income tax | -15 | -11 | 33 | 19 |
| Net income attributable to owners | -136 | 109 | 16 | 43 |
| Operating margin | -19.7% | 9.7% | 6.3% | 4.1% |
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 Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|
| Cash and equivalents | ¥218.5M | ¥319.5M | ¥972.1M | ¥984.5M |
| Total assets | ¥399.8M | ¥536.8M | ¥1.23B | ¥1.28B |
| Net assets | ¥283M | ¥391.9M | ¥978M | ¥1.05B |
| Share capital | ¥99M | ¥99M | ¥384M | ¥397.2M |
| Property, plant and equipment | ¥22.1M | ¥16.2M | ¥41.8M | ¥42.9M |
| Intangible assets excluding goodwill | ¥9M | ¥19.6M | ¥54.7M | ¥79.8M |
| Current assets | ¥332.8M | ¥439.4M | ¥1.11B | ¥1.13B |
| Current liabilities | ¥86.5M | ¥122.9M | ¥250.9M | ¥232.2M |
| Short-term borrowings | — | — | ¥90M | ¥60M |
| Long-term borrowings | ¥30.2M | ¥21.9M | — | — |
| Total liabilities | ¥116.7M | ¥144.8M | ¥250.9M | ¥232.2M |
| Equity attributable to owners of parent | ¥283M | ¥391.9M | ¥978M | ¥1.05B |
| Retained earnings | -¥228.6M | -¥119.7M | -¥103.6M | -¥60.7M |
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