Will Smart175A東証グロース情報・通信業FY ending Dec 2025, non-consolidated, J-GAAP
It lost about ¥35 for every ¥100 of sales at the operating level. Revenue changed +57.0% from the prior year.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2024 | 2.5% | 1.40× | 3.5% | 2.49× | 8.7% |
| 2024 | — | —× | -34.1% | —× | — |
| 2025 | — | —× | -76.0% | —× | — |
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 Mar 2024 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|
| Revenue | 1,086 | 513 | 805 |
| Cost of revenue | 605 | 356 | 574 |
| Gross profit | 481 | 157 | 231 |
| SG&A | 444 | 385 | 514 |
| Operating income | 36 | -228 | -283 |
| Pretax income | 35 | -223 | -414 |
| Income tax | 8 | 1 | 1 |
| Net income attributable to owners | 27 | -224 | -416 |
| Operating margin | 3.3% | -44.5% | -35.2% |
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 Mar 2024 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|
| Cash and equivalents | ¥147.4M | ¥108.1M | ¥104.6M |
| Total assets | ¥775.6M | ¥656.9M | ¥437M |
| Net assets | ¥312.4M | ¥410.2M | ¥3.2M |
| Share capital | ¥545.9M | ¥630.5M | ¥635.2M |
| Inventories | ¥10M | ¥11.1M | ¥17.7M |
| Property, plant and equipment | ¥28M | ¥28.7M | ¥4.1M |
| Intangible assets excluding goodwill | ¥153.7M | ¥118.3M | — |
| Goodwill | ¥63.3M | ¥49M | — |
| Current assets | ¥569.4M | ¥481.9M | ¥405.7M |
| Current liabilities | ¥451.9M | ¥236.7M | ¥426.7M |
| Short-term borrowings | ¥299.5M | ¥145M | ¥326M |
| Long-term borrowings | ¥10.4M | ¥8.8M | ¥6.8M |
| Total liabilities | ¥463.2M | ¥246.7M | ¥433.8M |
| Equity attributable to owners of parent | ¥311.7M | ¥409.5M | ¥3.2M |
| Retained earnings | -¥260.2M | -¥484.2M | -¥899.8M |
| Treasury stock | -¥91M | — | — |
Spotted an error? Report it (corrections keep the original record)
Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.