TrendersTrenders, Inc.6069東証グロースサービス業FY ending Mar 2026, consolidated, J-GAAP

Trenders revenue and profit

Out of every ¥100 of sales, about ¥9 is left as operating profit. Revenue changed +33.7% from the prior year, operating profit -26.5%.

Five-year trend

Revenue¥8.28B
FY ending Mar 2022: ¥6.56B¥6.56BFY ending Mar 2023: ¥9.09B¥9.09BFY ending Mar 2024: ¥5.67B¥5.67BFY ending Mar 2025: ¥6.19B¥6.19BFY ending Mar 2026: ¥8.28B¥8.28BFY22FY23FY24FY25FY26
Operating income¥727.2M
FY ending Mar 2022: ¥593.4M¥593.4MFY ending Mar 2023: ¥1.01B¥1.01BFY ending Mar 2024: ¥788.8M¥788.8MFY ending Mar 2025: ¥988.7M¥988.7MFY ending Mar 2026: ¥727.2M¥727.2MFY22FY23FY24FY25FY26
Operating margin8.8%
FY ending Mar 2022: 9.0%9.0%FY ending Mar 2023: 11.1%11.1%FY ending Mar 2024: 13.9%13.9%FY ending Mar 2025: 16.0%16.0%FY ending Mar 2026: 8.8%8.8%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin2.6%
Asset turnover0.79×
ROA2.1%
ROA2.1%
Financial leverage2.44×
ROE5.0%

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

Net margin2.6%
2022: 6.1%6.1%2023: 7.8%7.8%2024: 8.5%8.5%2025: 9.7%9.7%2026: 2.6%2.6%2223242526
Asset turnover0.79×
2022: 1.39×1.39×2023: 1.79×1.79×2024: 0.93×0.93×2025: 0.81×0.81×2026: 0.79×0.79×2223242526
ROA2.1%
2022: 8.5%8.5%2023: 14.0%14.0%2024: 7.9%7.9%2025: 7.9%7.9%2026: 2.1%2.1%2223242526
Financial leverage2.44×
2022: 1.69×1.69×2023: 1.64×1.64×2024: 1.62×1.62×2025: 1.80×1.80×2026: 2.44×2.44×2223242526
ROE5.0%
2022: 14.3%14.3%2023: 22.9%22.9%2024: 12.8%12.8%2025: 14.1%14.1%2026: 5.0%5.0%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20226.1%1.39×8.5%1.69×14.3%
20237.8%1.79×14.0%1.64×22.9%
20248.5%0.93×7.9%1.62×12.8%
20259.7%0.81×7.9%1.80×14.1%
20262.6%0.79×2.1%2.44×5.0%

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 ÷ revenue1.5%
2021: 2.0%2.0%2022: 0.9%0.9%2023: 0.6%0.6%2024: 2.1%2.1%2025: 2.5%2.5%2026: 1.5%1.5%212223242526
PPE ÷ total assets1.0%
2021: 1.8%1.8%2022: 1.3%1.3%2023: 1.0%1.0%2024: 1.7%1.7%2025: 1.8%1.8%2026: 1.0%1.0%212223242526
Goodwill ÷ parent equity84.7%
2021: 0.1%0.1%2022: 0.9%0.9%2023: 0.6%0.6%2024: 1.6%1.6%2025: 15.6%15.6%2026: 84.7%84.7%212223242526
Goodwill balance¥3.62B
2021: ¥2M¥2M2022: ¥25.2M¥25.2M2023: ¥20.2M¥20.2M2024: ¥67.4M¥67.4M2025: ¥681.3M¥681.3M2026: ¥3.62B¥3.62B212223242526

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.

Receivable days—
2021: 66d66d212223242526

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
Revenue6,5589,0895,6746,1928,278
Cost of revenue4,6276,4682,6122,9234,211
Gross profit1,9312,6213,0623,2694,068
SG&A1,3381,6092,2732,2803,341
Operating income5931,011789989727
Pretax income592974773986558
Income tax192265293386341
Net income attributable to owners400709480601217
Operating margin9.0%11.1%13.9%16.0%8.8%

Balance sheet (reported items)

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

Assets

Cash 38%
1%
Intangibles and goodwill 58%
3%

Funding

Other liabilities 66%
Equity 34%

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¥1.61B¥1.51B¥3.21B¥2.38B¥4.78B
Total assets¥4.71B¥5.43B¥6.79B¥8.51B¥12.5B
Net assets¥2.79B¥3.38B¥4.14B¥4.36B¥4.29B
Share capital¥564.9M¥568.4M¥629.8M¥647.5M¥648M
Property, plant and equipment¥60.2M¥52.8M¥116.7M¥154M¥120.6M
Intangible assets excluding goodwill¥103.3M¥72.8M¥124.4M¥706.9M¥3.64B
Goodwill¥25.2M¥20.2M¥67.4M¥681.3M¥3.62B
Current assets¥4.46B¥5.17B¥6.4B¥7.39B¥8.48B
Current liabilities¥1.9B¥2.03B¥2.62B¥3.4B¥5B
Short-term borrowings¥700M¥800M¥1.5B¥1.31B¥1.9B
Long-term borrowings——¥7.8M¥704.9M¥3.16B
Total liabilities¥1.92B¥2.05B¥2.65B¥4.15B¥8.23B
Equity attributable to owners of parent¥2.79B¥3.39B¥4.13B¥4.36B¥4.27B
Retained earnings¥1.98B¥2.57B¥2.74B¥3.13B¥3.14B
Treasury stock-¥297.6M-¥297.7M—-¥200M-¥300M

Sources

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

    有価証券報告書-第26期(2025/04/01-2026/03/31)

    ID S100YNGH2026-06-30Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第25期(2024/04/01-2025/03/31)

    ID S100WGMM2025-08-05Open
  • EDINET (FSA Japan)

    有価証券報告書-第24期(2023/04/01-2024/03/31)

    ID S100TT6R2024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第23期(2022/04/01-2023/03/31)

    ID S100R4DE2023-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第22期(令和3年4月1日-令和4年3月31日)

    ID S100OKV02022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第21期(令和2年4月1日-令和3年3月31日)

    ID S100LVLZ2021-06-30Open

Extracted from XBRL: 49 / Derived from other figures: 1

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