West HoldingsWest Holdings corporation1407東証スタンダード建設業FY ending Aug 2025, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥18 is left as operating profit. Revenue changed -6.2% from the prior year, operating profit -18.4%.
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 |
|---|---|---|---|---|---|
| 2021 | 9.6% | 0.70× | 6.7% | 3.84× | 25.6% |
| 2022 | 6.3% | 0.68× | 4.3% | 3.76× | 16.1% |
| 2023 | 13.8% | 0.39× | 5.3% | 3.82× | 20.4% |
| 2024 | 13.4% | 0.40× | 5.4% | 3.88× | 21.0% |
| 2025 | 11.3% | 0.34× | 3.9% | 3.98× | 15.5% |
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 Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
|---|---|---|---|---|---|
| Revenue | 67,938 | 67,169 | 43,734 | 50,390 | 47,250 |
| Cost of revenue | 51,278 | 52,725 | 28,378 | 31,868 | 30,958 |
| Gross profit | 16,660 | 14,443 | 15,356 | 18,522 | 16,292 |
| SG&A | 6,511 | 6,673 | 6,856 | 7,924 | 7,645 |
| Operating income | 10,148 | 7,770 | 8,499 | 10,597 | 8,646 |
| Pretax income | 9,472 | 5,764 | 8,198 | 9,866 | 7,767 |
| Income tax | 2,977 | 1,506 | 2,181 | 2,963 | 2,266 |
| Net income attributable to owners | 6,495 | 4,257 | 6,016 | 6,757 | 5,357 |
| Operating margin | 14.9% | 11.6% | 19.4% | 21.0% | 18.3% |
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 Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥34.3B | ¥27.7B | ¥46.3B | ¥27.8B | ¥35.7B |
| Total assets | ¥97.3B | ¥101.4B | ¥123.8B | ¥125.9B | ¥148.5B |
| Net assets | ¥25.3B | ¥27.6B | ¥31.4B | ¥33.4B | ¥36.5B |
| Share capital | ¥2.02B | ¥2.02B | ¥2.02B | ¥2.02B | ¥2.02B |
| Trade receivables | ¥7.85B | — | — | — | — |
| Property, plant and equipment | ¥15.1B | ¥28.5B | ¥30.8B | ¥40.8B | ¥44.8B |
| Intangible assets excluding goodwill | ¥353M | ¥4.29B | ¥4.17B | ¥806M | ¥5.12B |
| Goodwill | — | — | — | ¥437M | ¥4.83B |
| Investment securities | ¥329M | ¥849M | ¥1.21B | ¥1.74B | ¥1.72B |
| Current assets | ¥79.5B | ¥65B | ¥84B | ¥76.5B | ¥89.2B |
| Current liabilities | ¥38B | ¥28.7B | ¥30.9B | ¥34.5B | ¥39.7B |
| Trade payables | ¥6.09B | ¥2.17B | ¥644M | ¥529M | ¥2.25B |
| Short-term borrowings | ¥20.7B | ¥15B | ¥17.9B | ¥18.6B | ¥24B |
| Long-term borrowings | ¥32.4B | ¥43.6B | ¥60.1B | ¥56.6B | ¥70.1B |
| Bonds | ¥450M | ¥310M | ¥170M | ¥50M | — |
| Interest-bearing debt | ¥53.6Bderived | ¥58.9Bderived | ¥78.1Bderived | ¥75.2Bderived | — |
| Total liabilities | ¥71.9B | ¥73.9B | ¥92.4B | ¥92.5B | ¥112B |
| Non-controlling interests | ¥15M | ¥15M | ¥15M | ¥168M | ¥313M |
| Equity attributable to owners of parent | ¥25.4B | ¥27.6B | ¥31.3B | ¥33.1B | ¥35.9B |
| Retained earnings | ¥25.8B | ¥28B | ¥31.8B | ¥36.4B | ¥39.1B |
| Treasury stock | -¥3.22B | -¥3.25B | -¥3.27B | -¥6.06B | -¥6.06B |
EDINET (FSA Japan)
有価証券報告書－第20期(2024/09/01－2025/08/31)
EDINET (FSA Japan)
有価証券報告書－第19期(2023/09/01－2024/08/31)
EDINET (FSA Japan)
有価証券報告書－第18期(2022/09/01－2023/08/31)
EDINET (FSA Japan)
有価証券報告書－第17期(令和3年9月1日－令和4年8月31日)
EDINET (FSA Japan)
有価証券報告書－第16期(令和2年9月1日－令和3年8月31日)
EDINET (FSA Japan)
訂正有価証券報告書－第15期(令和1年9月1日－令和2年8月31日)
Extracted from XBRL: 53 / Derived from other figures: 1
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