Tsuruha HoldingsTSURUHA HOLDINGS INC.3391東証プライム小売業FY ending Feb 2026, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +71.5% from the prior year, operating profit +66.4%.
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 |
|---|---|---|---|---|---|
| 2024 | 2.1% | 1.87× | 4.0% | 2.14× | 8.5% |
| 2025 | 2.0% | 1.49× | 3.0% | 2.19× | 6.6% |
| 2026 | 2.9% | 1.30× | 3.8% | 1.99× | 7.6% |
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
| Item | FY ending May 2024 | FY ending Feb 2025 | FY ending Feb 2026 |
|---|---|---|---|
| Revenue | 1,027,462 | 845,603 | 1,450,585 |
| Cost of revenue | 715,185 | 588,063 | 1,006,596 |
| Gross profit | 312,276 | 257,540 | 443,989 |
| SG&A | 265,125 | 219,645 | 380,952 |
| Operating income | 47,151 | 37,894 | 63,037 |
| Pretax income | 38,226 | 28,381 | 66,326 |
| Income tax | 13,806 | 9,767 | 20,969 |
| Net income attributable to owners | 21,743 | 17,207 | 42,670 |
| Operating margin | 4.6% | 4.5% | 4.3% |
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 May 2024 | FY ending Feb 2025 | FY ending Feb 2026 |
|---|---|---|---|
| Cash and equivalents | ¥58.6B | ¥92.6B | ¥201.3B |
| Total assets | ¥549.6B | ¥583.4B | ¥1.65T |
| Net assets | ¥305.3B | ¥306.4B | ¥895.7B |
| Share capital | ¥11.5B | ¥11.6B | ¥12.3B |
| Property, plant and equipment | ¥131.6B | ¥137.9B | ¥313.7B |
| Intangible assets excluding goodwill | ¥29.3B | ¥28.3B | ¥469.7B |
| Goodwill | ¥21.9B | ¥19.8B | ¥454.6B |
| Investment securities | ¥34.2B | ¥31.9B | ¥24.8B |
| Current assets | ¥273.5B | ¥302.8B | ¥679.4B |
| Current liabilities | ¥181.4B | ¥206.6B | ¥547.6B |
| Short-term borrowings | — | ¥5B | — |
| Long-term borrowings | ¥25.1B | ¥27.9B | ¥98.9B |
| Total liabilities | ¥244.3B | ¥277B | ¥752.3B |
| Non-controlling interests | ¥23.7B | ¥24.3B | ¥19.9B |
| Equity attributable to owners of parent | ¥257.2B | ¥260.6B | ¥860.2B |
| Retained earnings | ¥229.5B | ¥232.7B | ¥263.4B |
| Treasury stock | -¥5.31B | -¥5.32B | -¥3.4B |
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