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Wakita &Wakita & Co.,LTD.8125東証プライム卸売業FY ending Feb 2026, consolidated, J-GAAP

Wakita & revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed +1.0% from the prior year, operating profit -17.3%.

Five-year trend

Revenue¥93.2B
FY ending Feb 2022: ¥75B¥75BFY ending Feb 2023: ¥78.9B¥78.9BFY ending Feb 2024: ¥88.7B¥88.7BFY ending Feb 2025: ¥92.3B¥92.3BFY ending Feb 2026: ¥93.2B¥93.2BFY22FY23FY24FY25FY26
Operating income¥5.28B
FY ending Feb 2022: ¥5.51B¥5.51BFY ending Feb 2023: ¥5.76B¥5.76BFY ending Feb 2024: ¥5.54B¥5.54BFY ending Feb 2025: ¥6.39B¥6.39BFY ending Feb 2026: ¥5.28B¥5.28BFY22FY23FY24FY25FY26
Operating margin5.7%
FY ending Feb 2022: 7.3%7.3%FY ending Feb 2023: 7.3%7.3%FY ending Feb 2024: 6.3%6.3%FY ending Feb 2025: 6.9%6.9%FY ending Feb 2026: 5.7%5.7%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin3.7%
Asset turnover0.64×
ROA2.4%
ROA2.4%
Financial leverage1.46×
ROE3.5%

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

Net margin3.7%
2022: 4.8%4.8%2023: 4.9%4.9%2024: 3.6%3.6%2025: 4.2%4.2%2026: 3.7%3.7%2223242526
Asset turnover0.64×
2022: 0.52×0.52×2023: 0.56×0.56×2024: 0.63×0.63×2025: 0.64×0.64×2026: 0.64×0.64×2223242526
ROA2.4%
2022: 2.5%2.5%2023: 2.8%2.8%2024: 2.2%2.2%2025: 2.7%2.7%2026: 2.4%2.4%2223242526
Financial leverage1.46×
2022: 1.46×1.46×2023: 1.43×1.43×2024: 1.42×1.42×2025: 1.45×1.45×2026: 1.46×1.46×2223242526
ROE3.5%
2022: 3.6%3.6%2023: 3.9%3.9%2024: 3.2%3.2%2025: 3.9%3.9%2026: 3.5%3.5%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20224.8%0.52×2.5%1.46×3.6%
20234.9%0.56×2.8%1.43×3.9%
20243.6%0.63×2.2%1.42×3.2%
20254.2%0.64×2.7%1.45×3.9%
20263.7%0.64×2.4%1.46×3.5%

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 ÷ revenue81.7%
2021: 90.8%90.8%2022: 93.6%93.6%2023: 96.0%96.0%2024: 85.8%85.8%2025: 83.5%83.5%2026: 81.7%81.7%212223242526
PPE ÷ total assets51.9%
2021: 48.9%48.9%2022: 48.6%48.6%2023: 54.6%54.6%2024: 52.9%52.9%2025: 52.8%52.8%2026: 51.9%51.9%212223242526
Goodwill ÷ parent equity8.9%
2021: 8.2%8.2%2022: 7.2%7.2%2023: 6.1%6.1%2024: 7.0%7.0%2025: 5.8%5.8%2026: 8.9%8.9%212223242526
Goodwill balance¥8.84B
2021: ¥8.03B¥8.03B2022: ¥7.16B¥7.16B2023: ¥6.07B¥6.07B2024: ¥6.96B¥6.96B2025: ¥5.83B¥5.83B2026: ¥8.84B¥8.84B212223242526

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¥26M
2024: ¥21M¥21M2025: ¥17M¥17M2026: ¥26M¥26M212223242526
R&D / revenue0.0%
2024: 0.0%0.0%2025: 0.0%0.0%2026: 0.0%0.0%212223242526
Receivable days—
2021: 123d123d2022: 109d109d212223242526
Payable days31d
2021: 97d97d2022: 123d123d2023: 68d68d2024: 39d39d2025: 37d37d2026: 31d31d212223242526

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 Feb 2022FY ending Feb 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Revenue74,98978,87088,65492,32193,222
Cost of revenue55,18957,37463,79165,42365,841
Gross profit19,96521,49524,86326,89727,381
SG&A14,45915,73019,32120,50622,099
Operating income5,5065,7655,5416,3905,282
Pretax income6,0806,2855,5656,4925,594
Income tax2,3752,2622,3012,4902,045
Net income attributable to owners3,5733,9013,1583,9123,451
Operating margin7.3%7.3%6.3%6.9%5.7%

Balance sheet (reported items)

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

Assets

Cash 12%
Property, plant and equipment 52%
Intangibles and goodwill 15%
5%
Other assets 16%

Funding

4%
Other liabilities 26%
Equity 70%
0%

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

ItemFY ending Feb 2022FY ending Feb 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Cash and equivalents¥33.7B¥23.1B¥18.9B¥22.8B¥17.3B
Total assets¥144.4B¥138.7B¥143.9B¥146B¥146.9B
Net assets¥99.1B¥99.6B¥100.8B¥101.9B¥103.2B
Share capital¥13.8B¥13.8B¥13.8B¥13.8B¥13.8B
Trade receivables¥22.4B————
Property, plant and equipment¥70.2B¥75.7B¥76.1B¥77.1B¥76.2B
Intangible assets excluding goodwill¥7.8B¥6.71B¥12B¥10.7B¥13.6B
Goodwill¥7.16B¥6.07B¥6.96B¥5.83B¥8.84B
Investment securities¥4.04B¥2.99B¥5.02B¥4.9B¥7.56B
Current assets¥60B¥50.5B¥47.9B¥50B¥45.5B
Current liabilities¥28.9B¥20.8B¥21.5B¥22.2B¥23.2B
Trade payables¥18.5B¥10.6B¥6.77B¥6.56B¥5.67B
Short-term borrowings¥1.1B¥920M¥490M¥168M¥110M
Long-term borrowings¥172M¥543M¥424M¥403M¥226M
Total liabilities¥45.3B¥39.1B¥43.1B¥44.1B¥43.7B
Non-controlling interests¥720M¥864M¥966M¥1.33B¥1.65B
Equity attributable to owners of parent¥99B¥99.4B¥99.6B¥100.4B¥99.6B
Retained earnings¥68.7B¥71.1B¥72.4B¥73.2B¥71.7B
Treasury stock-¥154M-¥2.15B-¥3.27B-¥3.3B-¥2.83B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第66期(2025/03/01－2026/02/28)

    ID S100Y60M2026-05-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第65期(2024/03/01－2025/02/28)

    ID S100VT8H2025-05-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第64期(2023/03/01－2024/02/29)

    ID S100THJI2024-05-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第63期(2022/03/01－2023/02/28)

    ID S100QUC22023-05-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第62期(令和3年3月1日－令和4年2月28日)

    ID S100O4SO2022-05-30Open

  • EDINET (FSA Japan)

    有価証券報告書－第61期(令和2年3月1日－令和3年2月28日)

    ID S100LEQM2021-05-28Open

Extracted from XBRL: 54 / Derived from other figures: 1

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