WorldWORLD CO.,LTD.3612東証プライム卸売業FY ending Feb 2026, consolidated, IFRS

World revenue and profit

Out of every ¥100 of sales, about ¥6 is left as operating profit. Revenue changed +25.9% from the prior year, operating profit -4.2%.

Five-year trend

Revenue¥284B
FY ending Mar 2022: ¥171.3B¥171.3BFY ending Mar 2023: ¥214.2B¥214.2BFY ending Feb 2024: ¥202.3B¥202.3BFY ending Feb 2025: ¥225.7B¥225.7BFY ending Feb 2026: ¥284B¥284BFY22FY23FY24FY25FY26
Operating income¥16B
FY ending Mar 2022: ¥2.2B¥2.2BFY ending Mar 2023: ¥11.7B¥11.7BFY ending Feb 2024: ¥12B¥12BFY ending Feb 2025: ¥16.7B¥16.7BFY ending Feb 2026: ¥16B¥16BFY22FY23FY24FY25FY26
Operating margin5.6%
FY ending Mar 2022: 1.3%1.3%FY ending Mar 2023: 5.5%5.5%FY ending Feb 2024: 5.9%5.9%FY ending Feb 2025: 7.4%7.4%FY ending Feb 2026: 5.6%5.6%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin4.2%
Asset turnover1.03×
ROA4.3%
ROA4.3%
Financial leverage3.15×
ROE13.7%

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

Net margin4.2%
2022: 0.1%0.1%2023: 2.7%2.7%2024: 3.3%3.3%2025: 4.9%4.9%2026: 4.2%4.2%2223242526
Asset turnover1.03×
2022: 0.68×0.68×2023: 0.85×0.85×2024: 0.82×0.82×2025: 0.88×0.88×2026: 1.03×1.03×2223242526
ROA4.3%
2022: 0.1%0.1%2023: 2.3%2.3%2024: 2.8%2.8%2025: 4.3%4.3%2026: 4.3%4.3%2223242526
Financial leverage3.15×
2022: 2.99×2.99×2023: 3.05×3.05×2024: 2.99×2.99×2025: 3.15×3.15×2026: 3.15×3.15×2223242526
ROE13.7%
2022: 0.3%0.3%2023: 6.9%6.9%2024: 8.2%8.2%2025: 13.5%13.5%2026: 13.7%13.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20220.1%0.68×0.1%2.99×0.3%
20232.7%0.85×2.3%3.05×6.9%
20243.3%0.82×2.8%2.99×8.2%
20254.9%0.88×4.3%3.15×13.5%
20264.2%1.03×4.3%3.15×13.7%

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 ÷ revenue11.8%
2023: 17.8%17.8%2024: 18.4%18.4%2025: 15.7%15.7%2026: 11.8%11.8%212223242526
PPE ÷ total assets11.9%
2023: 15.1%15.1%2024: 15.6%15.6%2025: 12.9%12.9%2026: 11.9%11.9%212223242526
Goodwill ÷ parent equity64.6%
2023: 73.7%73.7%2024: 73.5%73.5%2025: 70.4%70.4%2026: 64.6%64.6%212223242526
Goodwill balance¥61.2B
2023: ¥60.7B¥60.7B2024: ¥60.3B¥60.3B2025: ¥57.2B¥57.2B2026: ¥61.2B¥61.2B212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Revenue171,344214,246202,342225,658284,014
Cost of revenue—90,31083,97292,370144,340
Gross profit—123,935118,369133,288139,674
SG&A—110,396104,800116,275123,267
Operating income2,19611,68612,00416,73016,028
Pretax income—10,31311,18615,44014,203
Income tax—3,9403,8703,2572,270
Net income attributable to owners2395,6866,76411,03912,013
Operating margin1.3%5.5%5.9%7.4%5.6%

Balance sheet (reported items)

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

Assets

6%
Property, plant and equipment 12%
Intangibles and goodwill 22%
Other assets 60%

Funding

Other liabilities 66%
Equity 34%

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

ItemFY ending Mar 2022FY ending Mar 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Cash and equivalents¥21.4B¥20.7B¥20.8B¥21.7B¥18.1B
Total assets¥251.7B¥251.4B¥239.7B¥273.8B¥280.1B
Net assets¥84.3B¥89.2B¥88.4B¥86.4B¥96.3B
Share capital—¥511M¥511M¥511M¥511M
Property, plant and equipment—¥38.1B¥37.3B¥35.4B¥33.4B
Goodwill—¥60.7B¥60.3B¥57.2B¥61.2B
Current assets—¥71B¥66.4B¥90.5B¥86.8B
Total liabilities—¥162.2B¥151.3B¥187.4B¥183.8B
Equity attributable to owners of parent—¥82.4B¥82B¥81.2B¥94.7B
Retained earnings—¥50.9B¥55.2B¥63.6B¥72.6B
Treasury stock—-¥51M-¥44M-¥39M-¥505M

Sources

Show source documents (3)
  • EDINET (FSA Japan)

    有価証券報告書-第68期(2025/03/01-2026/02/28)

    ID S100Y4W72026-05-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第67期(2024/03/01-2025/02/28)

    ID S100VSOZ2025-05-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第66期(2023/04/01-2024/02/29)

    ID S100TH642024-05-28Open

Extracted from XBRL: 44 / Derived from other figures: 1

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