WelbyWelby Inc.4438東証グロース情報・通信業FY ending Dec 2025, consolidated, J-GAAP
It lost about ¥71 for every ¥100 of sales at the operating level. Revenue changed +20.4% from the prior year.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2021 | — | —× | -9.4% | —× | — |
| 2022 | 3.2% | 0.75× | 2.4% | 1.14× | 2.8% |
| 2023 | — | —× | -41.9% | —× | — |
| 2024 | — | —× | -67.8% | —× | — |
| 2025 | — | —× | -48.6% | —× | — |
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
| Item | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 1,139 | 1,051 | 575 | 528 | 636 |
| Cost of revenue | 455 | 296 | 199 | 148 | 187 |
| Gross profit | 684 | 755 | 376 | 380 | 449 |
| SG&A | 797 | 695 | 813 | 1,034 | 901 |
| Operating income | -113 | 61 | -437 | -654 | -453 |
| Pretax income | -128 | 38 | -503 | -817 | -532 |
| Income tax | 2 | 4 | 2 | 3 | 2 |
| Net income attributable to owners | -131 | 34 | -505 | -805 | -540 |
| Operating margin | -9.9% | 5.8% | -76.0% | -123.9% | -71.2% |
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 Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥960.7M | ¥830.8M | ¥883.4M | ¥740.4M | ¥711.4M |
| Total assets | ¥1.39B | ¥1.4B | ¥1.21B | ¥1.17B | ¥1.05B |
| Net assets | ¥1.26B | ¥1.27B | ¥1.12B | ¥838.3M | ¥306.3M |
| Share capital | ¥916.6M | ¥916.6M | ¥916.6M | ¥1.17B | ¥1.17B |
| Property, plant and equipment | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
| Intangible assets excluding goodwill | — | — | — | ¥122.6M | ¥100.3M |
| Goodwill | — | — | — | ¥122.6M | ¥100.3M |
| Investment securities | — | ¥2M | ¥32M | ¥30M | ¥30M |
| Current assets | ¥1.32B | ¥1.35B | ¥1.13B | ¥973.3M | ¥878.2M |
| Current liabilities | ¥126.5M | ¥120.2M | ¥87.5M | ¥328.9M | ¥359.7M |
| Long-term borrowings | ¥8.3M | ¥1.2M | — | — | ¥10.2M |
| Total liabilities | ¥134.8M | ¥121.4M | ¥87.5M | ¥328.9M | ¥747.9M |
| Non-controlling interests | — | — | ¥27.2M | ¥28.3M | ¥34M |
| Equity attributable to owners of parent | ¥1.21B | ¥1.25B | ¥1.06B | ¥759.7M | ¥220M |
| Retained earnings | -¥618.1M | -¥584.2M | -¥1.09B | -¥1.89B | -¥2.43B |
| Treasury stock | -¥63K | -¥63K | -¥63K | -¥63K | -¥63K |
EDINET (FSA Japan)
有価証券報告書－第15期(2025/01/01－2025/12/31)
EDINET (FSA Japan)
有価証券報告書－第14期(2024/01/01－2024/12/31)
EDINET (FSA Japan)
有価証券報告書－第13期(2023/01/01－2023/12/31)
EDINET (FSA Japan)
有価証券報告書－第12期(2022/01/01－2022/12/31)
EDINET (FSA Japan)
有価証券報告書－第11期(令和3年1月1日－令和3年12月31日)
EDINET (FSA Japan)
有価証券報告書－第10期(令和2年1月1日－令和2年12月31日)
Extracted from XBRL: 45 / Derived from other figures: 1
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