XnetXNET Corporation4762東証スタンダード情報・通信業FY ending Mar 2026, non-consolidated, J-GAAP

Xnet revenue and profit

Out of every ¥100 of sales, about ¥18 is left as operating profit. Revenue changed +6.7% from the prior year, operating profit +18.7%.

Five-year trend

Revenue¥5.66B
FY ending Mar 2022: ¥5.42B¥5.42BFY ending Mar 2023: ¥5.36B¥5.36BFY ending Mar 2024: ¥5.55B¥5.55BFY ending Mar 2025: ¥5.3B¥5.3BFY ending Mar 2026: ¥5.66B¥5.66BFY22FY23FY24FY25FY26
Operating income¥1.02B
FY ending Mar 2022: ¥968M¥968MFY ending Mar 2023: ¥950.4M¥950.4MFY ending Mar 2024: ¥1.07B¥1.07BFY ending Mar 2025: ¥860.7M¥860.7MFY ending Mar 2026: ¥1.02B¥1.02BFY22FY23FY24FY25FY26
Operating margin18.0%
FY ending Mar 2022: 17.9%17.9%FY ending Mar 2023: 17.7%17.7%FY ending Mar 2024: 19.2%19.2%FY ending Mar 2025: 16.2%16.2%FY ending Mar 2026: 18.0%18.0%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin9.6%
Asset turnover0.88×
ROA8.5%
ROA8.5%
Financial leverage2.07×
ROE17.6%

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

Net margin9.6%
2022: 13.3%13.3%2023: 13.0%13.0%2024: 13.4%13.4%2025: 11.0%11.0%2026: 9.6%9.6%2223242526
Asset turnover0.88×
2022: 0.61×0.61×2023: 0.59×0.59×2024: 0.58×0.58×2025: 0.64×0.64×2026: 0.88×0.88×2223242526
ROA8.5%
2022: 8.0%8.0%2023: 7.6%7.6%2024: 7.7%7.7%2025: 7.0%7.0%2026: 8.5%8.5%2223242526
Financial leverage2.07×
2022: 1.18×1.18×2023: 1.17×1.17×2024: 1.16×1.16×2025: 1.45×1.45×2026: 2.07×2.07×2223242526
ROE17.6%
2022: 9.5%9.5%2023: 8.9%8.9%2024: 9.0%9.0%2025: 10.2%10.2%2026: 17.6%17.6%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202213.3%0.61×8.0%1.18×9.5%
202313.0%0.59×7.6%1.17×8.9%
202413.4%0.58×7.7%1.16×9.0%
202511.0%0.64×7.0%1.45×10.2%
20269.6%0.88×8.5%2.07×17.6%

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 ÷ revenue1.7%
2021: 2.0%2.0%2022: 1.7%1.7%2023: 1.7%1.7%2024: 1.7%1.7%2025: 1.7%1.7%2026: 1.7%1.7%212223242526
PPE ÷ total assets1.6%
2021: 1.2%1.2%2022: 1.0%1.0%2023: 1.0%1.0%2024: 0.9%0.9%2025: 1.4%1.4%2026: 1.6%1.6%212223242526

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 Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue5,4195,3585,5485,3015,658
Cost of revenue3,8983,8523,8493,7973,873
Gross profit1,5211,5061,6981,5031,785
SG&A553556632643764
Operating income9689501,0678611,021
Pretax income9969851,079849875
Income tax278291337268333
Net income attributable to owners718694741581543
Operating margin17.9%17.7%19.2%16.2%18.0%

Balance sheet (reported items)

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

Assets

Cash 19%
2%
Intangibles and goodwill 21%
Investment securities 41%
Other assets 17%

Funding

Other liabilities 47%
Equity 53%
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¥1.87B¥2.26B¥3.04B¥1.46B¥1.19B
Total assets¥8.95B¥9.28B¥9.91B¥6.68B¥6.12B
Net assets¥7.57B¥8.02B¥8.52B¥2.92B¥3.26B
Share capital¥783.2M¥783.2M¥783.2M¥783.2M¥783.2M
Property, plant and equipment¥90.5M¥92.6M¥92M¥92.3M¥96.1M
Intangible assets excluding goodwill¥1.43B¥1.22B¥1.14B¥1.22B¥1.28B
Investment securities¥2.9B¥3.3B¥3.2B¥2.7B¥2.5B
Current assets¥4.1B¥4.24B¥5.04B¥2.22B¥1.77B
Current liabilities¥813.8M¥669.4M¥795.4M¥3.13B¥2.09B
Short-term borrowings———¥2.5B¥1.2B
Total liabilities¥1.38B¥1.26B¥1.39B¥3.76B¥2.86B
Equity attributable to owners of parent¥7.57B¥8.02B¥8.52B¥2.92B¥3.26B
Retained earnings¥5.33B¥5.78B¥6.27B¥6.64B¥6.92B
Treasury stock-¥3K-¥3K-¥51K-¥5.96B-¥5.9B

Sources

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

    有価証券報告書-第35期(2025/04/01-2026/03/31)

    ID S100YKNO2026-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第34期(2024/04/01-2025/03/31)

    ID S100W7J82025-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第33期(2023/04/01-2024/03/31)

    ID S100TUQ32024-06-26Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第32期(2022/04/01-2023/03/31)

    ID S100RDPZ2023-07-12Open
  • EDINET (FSA Japan)

    有価証券報告書-第31期(令和3年4月1日-令和4年3月31日)

    ID S100OJBM2022-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第30期(令和2年4月1日-令和3年3月31日)

    ID S100LP5H2021-06-25Open

Extracted from XBRL: 46 / Derived from other figures: 1

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