WedsWEDS CO., LTD.7551東証スタンダード卸売業FY ending Mar 2026, consolidated, J-GAAP

Weds revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed -1.7% from the prior year, operating profit -15.2%.

Five-year trend

Revenue¥34.5B
FY ending Mar 2022: ¥34.8B¥34.8BFY ending Mar 2023: ¥36.5B¥36.5BFY ending Mar 2024: ¥34.8B¥34.8BFY ending Mar 2025: ¥35.1B¥35.1BFY ending Mar 2026: ¥34.5B¥34.5BFY22FY23FY24FY25FY26
Operating income¥1.9B
FY ending Mar 2022: ¥1.52B¥1.52BFY ending Mar 2023: ¥2.53B¥2.53BFY ending Mar 2024: ¥1.98B¥1.98BFY ending Mar 2025: ¥2.25B¥2.25BFY ending Mar 2026: ¥1.9B¥1.9BFY22FY23FY24FY25FY26
Operating margin5.5%
FY ending Mar 2022: 4.4%4.4%FY ending Mar 2023: 6.9%6.9%FY ending Mar 2024: 5.7%5.7%FY ending Mar 2025: 6.4%6.4%FY ending Mar 2026: 5.5%5.5%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin2.8%
Asset turnover1.32×
ROA3.7%
ROA3.7%
Financial leverage1.54×
ROE5.7%

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

Net margin2.8%
2022: 2.5%2.5%2023: 4.8%4.8%2024: 4.3%4.3%2025: 4.1%4.1%2026: 2.8%2.8%2223242526
Asset turnover1.32×
2022: 1.55×1.55×2023: 1.57×1.57×2024: 1.42×1.42×2025: 1.38×1.38×2026: 1.32×1.32×2223242526
ROA3.7%
2022: 3.8%3.8%2023: 7.6%7.6%2024: 6.2%6.2%2025: 5.6%5.6%2026: 3.7%3.7%2223242526
Financial leverage1.54×
2022: 1.68×1.68×2023: 1.64×1.64×2024: 1.60×1.60×2025: 1.56×1.56×2026: 1.54×1.54×2223242526
ROE5.7%
2022: 6.4%6.4%2023: 12.5%12.5%2024: 9.8%9.8%2025: 8.8%8.8%2026: 5.7%5.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20222.5%1.55×3.8%1.68×6.4%
20234.8%1.57×7.6%1.64×12.5%
20244.3%1.42×6.2%1.60×9.8%
20254.1%1.38×5.6%1.56×8.8%
20262.8%1.32×3.7%1.54×5.7%

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 ÷ revenue19.6%
2021: 23.9%23.9%2022: 20.6%20.6%2023: 19.0%19.0%2024: 19.6%19.6%2025: 19.3%19.3%2026: 19.6%19.6%212223242526
PPE ÷ total assets25.5%
2021: 34.3%34.3%2022: 31.8%31.8%2023: 28.9%28.9%2024: 27.4%27.4%2025: 26.3%26.3%2026: 25.5%25.5%212223242526
Goodwill ÷ parent equity0.1%
2021: 0.8%0.8%2022: 0.6%0.6%2023: 0.5%0.5%2024: 0.3%0.3%2025: 0.2%0.2%2026: 0.1%0.1%212223242526
Goodwill balance¥12M
2021: ¥103.7M¥103.7M2022: ¥85.4M¥85.4M2023: ¥67M¥67M2024: ¥48.7M¥48.7M2025: ¥30.3M¥30.3M2026: ¥12M¥12M212223242526

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.

Receivable days36d
2021: 41d41d2022: 42d42d2023: 38d38d2024: 38d38d2025: 35d35d2026: 36d36d212223242526
Payable days35d
2021: 37d37d2022: 36d36d2023: 33d33d2024: 34d34d2025: 35d35d2026: 35d35d212223242526

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
Revenue34,77336,49834,78235,13834,531
Cost of revenue28,29628,68427,55227,60827,002
Gross profit6,4777,8137,2307,5307,529
SG&A4,9575,2845,2475,2835,624
Operating income1,5202,5291,9832,2471,905
Pretax income1,5022,7392,4122,3501,876
Income tax541842759747834
Net income attributable to owners8631,7641,5061,431976
Operating margin4.4%6.9%5.7%6.4%5.5%

Balance sheet (reported items)

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

Assets

Cash 32%
Receivables 13%
Property, plant and equipment 25%
1%
3%
Other assets 26%

Funding

Trade payables 10%
Other liabilities 16%
Equity 74%
0%

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¥4.88B¥6.47B¥7.46B¥8.55B¥8.52B
Total assets¥22.5B¥24B¥25B¥25.9B¥26.5B
Net assets¥15.2B¥16.6B¥17.7B¥18.8B¥19.6B
Share capital¥852.8M¥852.8M¥852.8M¥852.8M¥852.8M
Trade receivables¥3.97B¥3.84B¥3.62B¥3.37B¥3.4B
Property, plant and equipment¥7.15B¥6.93B¥6.83B¥6.8B¥6.77B
Intangible assets excluding goodwill¥150.5M¥155.2M¥193.7M¥204.3M¥200.2M
Goodwill¥85.4M¥67M¥48.7M¥30.3M¥12M
Investment securities¥454.6M¥460.9M¥546.4M¥635M¥752.5M
Current assets¥13.7B¥15.2B¥16.1B¥16.9B¥17.7B
Current liabilities¥4.66B¥4.9B¥4.8B¥4.76B¥4.51B
Trade payables¥2.8B¥2.63B¥2.6B¥2.63B¥2.56B
Short-term borrowings¥245.4M¥259.4M¥277.4M¥133.4M¥133.4M
Long-term borrowings¥1.59B¥1.46B¥1.32B¥1.19B¥1.05B
Total liabilities¥7.26B¥7.4B¥7.23B¥7.05B¥6.96B
Non-controlling interests¥1.37B¥1.47B¥1.58B¥1.71B¥1.72B
Equity attributable to owners of parent¥13.4B¥14.8B¥15.8B¥16.8B¥17.3B
Retained earnings¥11.8B¥13.2B¥14.2B¥15.1B¥15.7B
Treasury stock-¥47.8M-¥47.8M-¥47.8M-¥47.8M-¥47.8M

Sources

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

    有価証券報告書-第61期(2025/04/01-2026/03/31)

    ID S100YFMB2026-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第60期(2024/04/01-2025/03/31)

    ID S100W29E2025-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第59期(2023/04/01-2024/03/31)

    ID S100TUPB2024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第58期(2022/04/01-2023/03/31)

    ID S100R5IB2023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第57期(令和3年4月1日-令和4年3月31日)

    ID S100OHIX2022-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第56期(令和2年4月1日-令和3年3月31日)

    ID S100LN0A2021-06-24Open

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

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