UnitedUNITED, Inc.2497東証グロースサービス業FY ending Mar 2026, consolidated, J-GAAP
It lost about ¥14 for every ¥100 of sales at the operating level. Revenue changed -26.4% from the prior year, operating profit -146.2%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2022 | 30.1% | 0.33× | 9.9% | 2.24× | 22.1% |
| 2023 | 31.5% | 0.37× | 11.7% | 1.92× | 22.4% |
| 2024 | 18.8% | 0.43× | 8.0% | 1.46× | 11.7% |
| 2025 | 12.3% | 0.47× | 5.7% | 1.24× | 7.1% |
| 2026 | — | —× | -6.9% | —× | — |
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 Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 12,715 | 13,140 | 12,574 | 12,036 | 8,863 |
| Cost of revenue | 4,351 | 4,343 | 4,464 | 5,831 | 5,868 |
| Gross profit | 8,364 | 8,797 | 8,110 | 6,204 | 2,995 |
| SG&A | 2,625 | 2,973 | 3,250 | 3,558 | 4,216 |
| Operating income | 5,738 | 5,824 | 4,860 | 2,646 | -1,222 |
| Pretax income | 5,811 | 6,168 | 4,060 | 2,575 | -1,329 |
| Income tax | 1,985 | 2,028 | 1,699 | 1,069 | 345 |
| Net income attributable to owners | 3,826 | 4,139 | 2,366 | 1,480 | -1,559 |
| Operating margin | 45.1% | 44.3% | 38.6% | 22.0% | -13.8% |
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 Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥12.2B | ¥13.4B | ¥13B | ¥12.6B | ¥5.96B |
| Total assets | ¥38.7B | ¥32.3B | ¥26.7B | ¥24.8B | ¥20B |
| Net assets | ¥30.3B | ¥26.6B | ¥23.5B | ¥21.8B | ¥17.8B |
| Share capital | ¥2.92B | ¥2.92B | ¥2.92B | ¥2.92B | ¥2.92B |
| Trade receivables | ¥1.35B | ¥1.06B | — | — | — |
| Inventories | ¥69.7M | ¥30.4M | ¥33.4M | ¥30.1M | ¥20.6M |
| Property, plant and equipment | ¥292.6M | ¥311M | ¥277.2M | ¥378.2M | ¥371.5M |
| Intangible assets excluding goodwill | ¥562.3M | ¥1.21B | ¥376.8M | ¥852.9M | ¥728.2M |
| Goodwill | ¥327.7M | ¥905.9M | ¥76.9M | ¥509.3M | ¥388.8M |
| Investment securities | ¥203.7M | ¥423.8M | ¥1.37B | ¥1.36B | ¥1.31B |
| Current assets | ¥34.2B | ¥27.9B | ¥24.4B | ¥21.7B | ¥17.1B |
| Current liabilities | ¥2.81B | ¥2.78B | ¥2.06B | ¥2.87B | ¥1.89B |
| Short-term borrowings | ¥100M | ¥100M | ¥100M | ¥100M | ¥100M |
| Long-term borrowings | ¥75.8M | ¥54.9M | ¥51.4M | ¥96.5M | ¥34.7M |
| Total liabilities | ¥8.41B | ¥5.67B | ¥3.2B | ¥3.07B | ¥2.28B |
| Non-controlling interests | — | ¥21.8M | ¥19.2M | ¥596.5M | ¥486.7M |
| Equity attributable to owners of parent | ¥17.3B | ¥19.7B | ¥20.8B | ¥20.6B | ¥16.6B |
| Retained earnings | ¥15B | ¥17.4B | ¥18.4B | ¥18B | ¥15.1B |
| Treasury stock | -¥983.3M | -¥1.07B | -¥963.1M | -¥898.1M | -¥1.97B |
EDINET (FSA Japan)
有価証券報告書－第29期(2025/04/01－2026/03/31)
EDINET (FSA Japan)
有価証券報告書－第28期(2024/04/01－2025/03/31)
EDINET (FSA Japan)
有価証券報告書－第27期(2023/04/01－2024/03/31)
EDINET (FSA Japan)
有価証券報告書－第26期(2022/04/01－2023/03/31)
EDINET (FSA Japan)
有価証券報告書－第25期(令和3年4月1日－令和4年3月31日)
EDINET (FSA Japan)
有価証券報告書－第24期(令和2年4月1日－令和3年3月31日)
Extracted from XBRL: 51 / Derived from other figures: 1
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