ValueCommerceValueCommerce Co., Ltd.2491東証プライムサービス業FY ending Dec 2025, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥8 is left as operating profit. Revenue changed -20.5% from the prior year, operating profit -52.6%.
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 |
|---|---|---|---|---|---|
| 2021 | 9.7% | 1.40× | 13.6% | 1.46× | 19.9% |
| 2022 | 16.3% | 1.37× | 22.3% | 1.41× | 31.5% |
| 2023 | 11.6% | 1.04× | 12.0% | 1.32× | 15.9% |
| 2024 | 9.4% | 1.27× | 11.9% | 1.38× | 16.4% |
| 2025 | 2.0% | 1.35× | 2.7% | 1.46× | 4.0% |
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 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 33,560 | 35,708 | 29,396 | 30,410 | 24,169 |
| Cost of revenue | 20,681 | 22,881 | 19,247 | 20,427 | 16,820 |
| Gross profit | 12,879 | 12,826 | 10,149 | 9,983 | 7,348 |
| SG&A | 4,973 | 4,577 | 4,919 | 5,823 | 5,377 |
| Operating income | 7,905 | 8,249 | 5,229 | 4,160 | 1,971 |
| Pretax income | 5,449 | 8,319 | 5,041 | 4,114 | 1,142 |
| Income tax | 2,189 | 2,513 | 1,640 | 1,258 | 655 |
| Net income attributable to owners | 3,260 | 5,806 | 3,400 | 2,855 | 487 |
| Operating margin | 23.6% | 23.1% | 17.8% | 13.7% | 8.2% |
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 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥15.5B | ¥20.2B | ¥21.5B | ¥11.8B | ¥11B |
| Total assets | ¥23.9B | ¥28.2B | ¥28.4B | ¥19.6B | ¥16.1B |
| Net assets | ¥16.6B | ¥20.8B | ¥22.5B | ¥12.9B | ¥12.2B |
| Share capital | ¥1.73B | ¥1.73B | ¥1.73B | ¥1.73B | ¥1.73B |
| Trade receivables | ¥5.03B | ¥4.28B | ¥3.75B | ¥4.2B | ¥2.2B |
| Property, plant and equipment | ¥239M | ¥210M | ¥175M | ¥216M | — |
| Intangible assets excluding goodwill | ¥1.13B | ¥1.03B | ¥872M | ¥923M | — |
| Goodwill | ¥156M | ¥104M | ¥52M | ¥77M | — |
| Investment securities | ¥453M | ¥709M | ¥619M | ¥727M | ¥757M |
| Current assets | ¥22B | ¥26.1B | ¥26.7B | ¥17.6B | ¥15B |
| Current liabilities | ¥7.29B | ¥7.31B | ¥5.8B | ¥6.67B | ¥3.82B |
| Total liabilities | ¥7.37B | ¥7.38B | ¥5.89B | ¥6.73B | ¥3.96B |
| Equity attributable to owners of parent | ¥16.4B | ¥20.5B | ¥22.2B | ¥12.6B | ¥11.9B |
| Retained earnings | ¥14B | ¥18.1B | ¥19.8B | ¥21.2B | ¥20.4B |
| Treasury stock | -¥526M | -¥521M | -¥520M | -¥11.5B | -¥11.5B |
EDINET (FSA Japan)
有価証券報告書－第30期(2025/01/01－2025/12/31)
EDINET (FSA Japan)
有価証券報告書－第29期(2024/01/01－2024/12/31)
EDINET (FSA Japan)
有価証券報告書－第28期(2023/01/01－2023/12/31)
EDINET (FSA Japan)
有価証券報告書－第27期(2022/01/01－2022/12/31)
EDINET (FSA Japan)
有価証券報告書－第26期(令和3年1月1日－令和3年12月31日)
EDINET (FSA Japan)
有価証券報告書－第25期(令和2年1月1日－令和2年12月31日)
Extracted from XBRL: 45 / Derived from other figures: 1
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