Visual Processing JapanVisual Processing Japan Co., Ltd.334A東証グロース情報・通信業FY ending Dec 2025, non-consolidated, J-GAAP

Visual Processing Japan revenue and profit

Out of every ¥100 of sales, about ¥19 is left as operating profit. Revenue changed +13.8% from the prior year, operating profit +42.2%.

Five-year trend

Revenue¥1.37B
FY ending Dec 2023: ¥1.06B¥1.06BFY ending Dec 2024: ¥1.21B¥1.21BFY ending Dec 2025: ¥1.37B¥1.37BFY23FY24FY25
Operating income¥260.4M
FY ending Dec 2023: ¥139.3M¥139.3MFY ending Dec 2024: ¥183.2M¥183.2MFY ending Dec 2025: ¥260.4M¥260.4MFY23FY24FY25
Operating margin18.9%
FY ending Dec 2023: 13.2%13.2%FY ending Dec 2024: 15.2%15.2%FY ending Dec 2025: 18.9%18.9%FY23FY24FY25

What drives ROE

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

Net margin12.9%
Asset turnover0.98×
ROA12.6%
ROA12.6%
Financial leverage1.36×
ROE17.1%

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

Net margin12.9%
2023: 8.5%8.5%2024: 10.1%10.1%2025: 12.9%12.9%232425
Asset turnover0.98×
2023: 0.98×0.98×2024: 1.10×1.10×2025: 0.98×0.98×232425
ROA12.6%
2023: 8.3%8.3%2024: 11.2%11.2%2025: 12.6%12.6%232425
Financial leverage1.36×
2023: 1.62×1.62×2024: 1.51×1.51×2025: 1.36×1.36×232425
ROE17.1%
2023: 13.5%13.5%2024: 16.9%16.9%2025: 17.1%17.1%232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20238.5%0.98×8.3%1.62×13.5%
202410.1%1.10×11.2%1.51×16.9%
202512.9%0.98×12.6%1.36×17.1%

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 ÷ revenue3.0%
2023: 4.3%4.3%2024: 3.2%3.2%2025: 3.0%3.0%232425
PPE ÷ total assets2.4%
2023: 4.2%4.2%2024: 3.5%3.5%2025: 2.4%2.4%232425

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Income statement (JPY millions)

ItemFY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue1,0561,2081,374
Cost of revenue432496523
Gross profit624712852
SG&A484529591
Operating income139183260
Pretax income140187248
Income tax506571
Net income attributable to owners90122177
Operating margin13.2%15.2%18.9%

Balance sheet (reported items)

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

Assets

Cash 71%
2%
5%
Other assets 22%

Funding

Other liabilities 25%
Equity 75%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥635.9M¥696M¥1.21B
Total assets¥1.08B¥1.11B¥1.71B
Net assets¥667.3M¥782.6M¥1.29B
Share capital¥35M¥35M¥207.3M
Property, plant and equipment¥44.9M¥38.7M¥40.7M
Intangible assets excluding goodwill¥55.3M¥60.6M¥76.3M
Investment securities¥0——
Current assets¥845.9M¥879.8M¥1.44B
Current liabilities¥414.7M¥325M¥422.7M
Total liabilities¥414.7M¥325M¥422.7M
Equity attributable to owners of parent¥667.3M¥782.6M¥1.29B
Retained earnings¥632.3M¥747.6M¥906M

Sources

Show source documents (2)
  • EDINET (FSA Japan)

    有価証券報告書-第32期(2025/01/01-2025/12/31)

    ID S100XV292026-03-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第31期(2024/01/01-2024/12/31)

    ID S100VIFL2025-03-28Open

Extracted from XBRL: 41 / Derived from other figures: 1

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