VegaVega corporation Co.,Ltd.3542東証グロース小売業FY ending Mar 2026, non-consolidated, J-GAAP

Vega revenue and profit

Out of every ¥100 of sales, about ¥8 is left as operating profit. Revenue changed +13.8% from the prior year, operating profit +46.0%.

Five-year trend

Revenue¥18.1B
FY ending Mar 2022: ¥16.8B¥16.8BFY ending Mar 2023: ¥17B¥17BFY ending Mar 2024: ¥16.1B¥16.1BFY ending Mar 2025: ¥15.9B¥15.9BFY ending Mar 2026: ¥18.1B¥18.1BFY22FY23FY24FY25FY26
Operating income¥1.35B
FY ending Mar 2022: ¥596.1M¥596.1MFY ending Mar 2023: ¥338.3M¥338.3MFY ending Mar 2024: ¥771.8M¥771.8MFY ending Mar 2025: ¥926.6M¥926.6MFY ending Mar 2026: ¥1.35B¥1.35BFY22FY23FY24FY25FY26
Operating margin7.5%
FY ending Mar 2022: 3.5%3.5%FY ending Mar 2023: 2.0%2.0%FY ending Mar 2024: 4.8%4.8%FY ending Mar 2025: 5.8%5.8%FY ending Mar 2026: 7.5%7.5%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin4.9%
Asset turnover2.08×
ROA10.1%
ROA10.1%
Financial leverage1.33×
ROE13.5%

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

Net margin4.9%
2022: 2.3%2.3%2023: 0.7%0.7%2024: 2.5%2.5%2025: 3.7%3.7%2026: 4.9%4.9%2223242526
Asset turnover2.08×
2022: 2.10×2.10×2023: 2.24×2.24×2024: 2.24×2.24×2025: 2.09×2.09×2026: 2.08×2.08×2223242526
ROA10.1%
2022: 4.8%4.8%2023: 1.6%1.6%2024: 5.5%5.5%2025: 7.7%7.7%2026: 10.1%10.1%2223242526
Financial leverage1.33×
2022: 1.53×1.53×2023: 1.44×1.44×2024: 1.33×1.33×2025: 1.34×1.34×2026: 1.33×1.33×2223242526
ROE13.5%
2022: 7.3%7.3%2023: 2.3%2.3%2024: 7.3%7.3%2025: 10.4%10.4%2026: 13.5%13.5%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20222.3%2.10×4.8%1.53×7.3%
20230.7%2.24×1.6%1.44×2.3%
20242.5%2.24×5.5%1.33×7.3%
20253.7%2.09×7.7%1.34×10.4%
20264.9%2.08×10.1%1.33×13.5%

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 ÷ revenue3.9%
2021: 1.1%1.1%2022: 1.3%1.3%2023: 1.2%1.2%2024: 1.5%1.5%2025: 3.1%3.1%2026: 3.9%3.9%212223242526
PPE ÷ total assets7.6%
2021: 2.6%2.6%2022: 2.7%2.7%2023: 3.0%3.0%2024: 3.2%3.2%2025: 6.1%6.1%2026: 7.6%7.6%212223242526

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.

R&D spending¥48.9M
2021: ¥438.9M¥438.9M2022: ¥34.3M¥34.3M2023: ¥28.1M¥28.1M2024: ¥24.5M¥24.5M2025: ¥56.2M¥56.2M2026: ¥48.9M¥48.9M212223242526
R&D / revenue0.3%
2021: 2.3%2.3%2022: 0.2%0.2%2023: 0.2%0.2%2024: 0.2%0.2%2025: 0.4%0.4%2026: 0.3%0.3%212223242526

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
Revenue16,83316,97316,06315,93518,130
Cost of revenue7,4618,5028,0687,7728,543
Gross profit9,3728,4727,9968,1639,587
SG&A8,7768,1337,2247,2368,233
Operating income5963387729271,353
Pretax income6212456809381,314
Income tax239124286346430
Net income attributable to owners383120394592884
Operating margin3.5%2.0%4.8%5.8%7.5%

Balance sheet (reported items)

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

Assets

Cash 21%
8%
4%
1%
Other assets 66%

Funding

Other liabilities 23%
Equity 77%

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¥1.23B¥2B¥1.84B¥1.92B¥2B
Total assets¥8.02B¥7.15B¥7.21B¥8.07B¥9.39B
Net assets¥5.27B¥5.3B¥5.57B¥5.96B¥7.24B
Share capital¥1.03B¥1.03B¥1.04B¥1.04B¥1.06B
Property, plant and equipment¥213.9M¥211.4M¥234.2M¥494.4M¥714.8M
Intangible assets excluding goodwill¥286.5M¥314.8M¥284.5M¥199.7M¥333.8M
Investment securities¥304.7M¥190.9M¥91.7M¥93.7M¥111.7M
Current assets¥6.68B¥5.96B¥6.15B¥6.61B¥7.18B
Current liabilities¥2.7B¥1.8B¥1.59B¥2B¥1.99B
Short-term borrowings¥1B————
Total liabilities¥2.75B¥1.85B¥1.64B¥2.11B¥2.15B
Equity attributable to owners of parent¥5.25B¥5.31B¥5.49B¥5.95B¥7.15B
Retained earnings¥3.44B¥3.46B¥3.75B¥4.23B¥5B
Treasury stock-¥205.3M-¥196.2M-¥319.2M-¥359.7M-¥139.4M

Sources

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

    有価証券報告書-第22期(2025/04/01-2026/03/31)

    ID S100YIJ82026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第21期(2024/04/01-2025/03/31)

    ID S100W7YC2025-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第20期(2023/04/01-2024/03/31)

    ID S100TV7O2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第19期(2022/04/01-2023/03/31)

    ID S100R7W82023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第18期(令和3年4月1日-令和4年3月31日)

    ID S100OL022022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第17期(令和2年4月1日-令和3年3月31日)

    ID S100LSZJ2021-06-28Open

Extracted from XBRL: 46 / Derived from other figures: 2

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