VRAIN SolutionVRAIN Solution, Inc.135A東証グロース情報・通信業FY ending Feb 2026, non-consolidated, J-GAAP
Out of every ¥100 of sales, about ¥28 is left as operating profit. Revenue changed +52.9% from the prior year, operating profit +53.9%.
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 |
|---|---|---|---|---|---|
| 2023 | 8.1% | 1.81× | 14.6% | 3.82× | 56.0% |
| 2024 | 23.4% | 1.58× | 36.9% | 1.65× | 60.8% |
| 2025 | 19.8% | 1.29× | 25.6% | 1.37× | 35.1% |
| 2026 | 19.9% | 1.29× | 25.6% | 1.45× | 37.2% |
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 Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 |
|---|---|---|---|---|
| Revenue | 617 | 1,411 | 2,144 | 3,278 |
| Cost of revenue | 70 | 276 | 462 | 692 |
| Gross profit | 547 | 1,135 | 1,682 | 2,585 |
| SG&A | 483 | 627 | 1,087 | 1,670 |
| Operating income | 64 | 508 | 594 | 914 |
| Pretax income | 60 | 496 | 595 | 912 |
| Income tax | 10 | 166 | 170 | 260 |
| Net income attributable to owners | 50 | 330 | 425 | 652 |
| Operating margin | 10.4% | 36.0% | 27.7% | 27.9% |
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 Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 |
|---|---|---|---|---|
| Cash and equivalents | ¥18.1M | ¥962M | ¥488M | ¥427M |
| Total assets | ¥341.1M | ¥1.45B | ¥1.87B | ¥3.21B |
| Net assets | ¥89.2M | ¥997M | ¥1.42B | ¥2.09B |
| Share capital | ¥9.9M | ¥298.7M | ¥10M | ¥16M |
| Property, plant and equipment | ¥44M | ¥43M | ¥85M | ¥130M |
| Intangible assets excluding goodwill | — | — | ¥1M | ¥2M |
| Current assets | ¥231.8M | ¥1.34B | ¥1.54B | ¥2.75B |
| Current liabilities | ¥183.2M | ¥430.9M | ¥451M | ¥1.13B |
| Short-term borrowings | — | — | — | ¥400M |
| Long-term borrowings | ¥68.7M | ¥21.9M | — | — |
| Total liabilities | ¥251.9M | ¥452.9M | ¥451M | ¥1.13B |
| Equity attributable to owners of parent | ¥89.2M | ¥997M | ¥1.42B | ¥2.09B |
| Retained earnings | ¥79.3M | ¥409.5M | ¥834M | ¥1.49B |
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