YagamiYAGAMI INC.7488名古屋証券取引所卸売業FY ending Apr 2026, consolidated, J-GAAP

Yagami revenue and profit

Out of every ¥100 of sales, about ¥19 is left as operating profit. Revenue changed +5.8% from the prior year, operating profit +14.8%.

Five-year trend

Revenue¥11.5B
FY ending Apr 2022: ¥11.1B¥11.1BFY ending Apr 2023: ¥10.9B¥10.9BFY ending Apr 2024: ¥10.5B¥10.5BFY ending Apr 2025: ¥10.9B¥10.9BFY ending Apr 2026: ¥11.5B¥11.5BFY22FY23FY24FY25FY26
Operating income¥2.24B
FY ending Apr 2022: ¥1.85B¥1.85BFY ending Apr 2023: ¥1.83B¥1.83BFY ending Apr 2024: ¥1.86B¥1.86BFY ending Apr 2025: ¥1.95B¥1.95BFY ending Apr 2026: ¥2.24B¥2.24BFY22FY23FY24FY25FY26
Operating margin19.4%
FY ending Apr 2022: 16.7%16.7%FY ending Apr 2023: 16.8%16.8%FY ending Apr 2024: 17.7%17.7%FY ending Apr 2025: 17.9%17.9%FY ending Apr 2026: 19.4%19.4%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin13.8%
Asset turnover0.63×
ROA8.7%
ROA8.7%
Financial leverage1.34×
ROE11.7%

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

Net margin13.8%
2022: 11.6%11.6%2023: 10.8%10.8%2024: 11.4%11.4%2025: 12.0%12.0%2026: 13.8%13.8%2223242526
Asset turnover0.63×
2022: 0.63×0.63×2023: 0.61×0.61×2024: 0.58×0.58×2025: 0.59×0.59×2026: 0.63×0.63×2223242526
ROA8.7%
2022: 7.3%7.3%2023: 6.6%6.6%2024: 6.6%6.6%2025: 7.0%7.0%2026: 8.7%8.7%2223242526
Financial leverage1.34×
2022: 1.44×1.44×2023: 1.42×1.42×2024: 1.40×1.40×2025: 1.39×1.39×2026: 1.34×1.34×2223242526
ROE11.7%
2022: 10.4%10.4%2023: 9.3%9.3%2024: 9.2%9.2%2025: 9.7%9.7%2026: 11.7%11.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202211.6%0.63×7.3%1.44×10.4%
202310.8%0.61×6.6%1.42×9.3%
202411.4%0.58×6.6%1.40×9.2%
202512.0%0.59×7.0%1.39×9.7%
202613.8%0.63×8.7%1.34×11.7%

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 ÷ revenue18.0%
2021: 16.7%16.7%2022: 15.3%15.3%2023: 16.9%16.9%2024: 18.5%18.5%2025: 18.4%18.4%2026: 18.0%18.0%212223242526
PPE ÷ total assets11.5%
2021: 10.3%10.3%2022: 9.6%9.6%2023: 10.2%10.2%2024: 10.6%10.6%2025: 10.8%10.8%2026: 11.5%11.5%212223242526

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

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥189.2M
2021: ¥179.6M¥179.6M2022: ¥188.1M¥188.1M2023: ¥196.9M¥196.9M2024: ¥191.3M¥191.3M2025: ¥248.2M¥248.2M2026: ¥189.2M¥189.2M212223242526
R&D / revenue1.6%
2021: 1.8%1.8%2022: 1.7%1.7%2023: 1.8%1.8%2024: 1.8%1.8%2025: 2.3%2.3%2026: 1.6%1.6%212223242526
Receivable days—
2021: 75d75d212223242526
Payable days25d
2021: 57d57d2022: 34d34d2023: 29d29d2024: 26d26d2025: 23d23d2026: 25d25d212223242526

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.

Income statement (JPY millions)

ItemFY ending Apr 2022FY ending Apr 2023FY ending Apr 2024FY ending Apr 2025FY ending Apr 2026
Revenue11,09210,88910,54510,87611,502
Cost of revenue6,7716,6056,2036,3176,530
Gross profit4,3214,2854,3424,5594,972
SG&A2,4702,4442,4392,5532,625
Operating income1,8511,8311,8621,9462,235
Pretax income1,9821,8381,8791,9882,295
Income tax619571601610706
Net income attributable to owners1,2861,1771,2041,3021,589
Operating margin16.7%16.8%17.7%17.9%19.4%

Balance sheet (reported items)

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

Assets

Cash 22%
Property, plant and equipment 11%
1%
6%
Other assets 60%

Funding

3%
Other liabilities 20%
Equity 77%
0%

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

ItemFY ending Apr 2022FY ending Apr 2023FY ending Apr 2024FY ending Apr 2025FY ending Apr 2026
Cash and equivalents¥6.82B¥7.96B¥7.61B¥6.34B¥3.96B
Total assets¥17.7B¥18.1B¥18.5B¥18.5B¥18.1B
Net assets¥13B¥13.6B¥14.1B¥13.6B¥13.9B
Share capital¥787.3M¥787.3M¥787.3M¥787.3M¥787.3M
Property, plant and equipment¥1.7B¥1.84B¥1.96B¥2B¥2.08B
Intangible assets excluding goodwill¥39.8M¥23.8M¥75.7M¥20.8M¥115.6M
Investment securities¥994.1M¥617.5M¥984.6M¥976.3M¥1.11B
Current assets¥14.6B¥15.3B¥14.8B¥14.8B¥14B
Current liabilities¥3.76B¥3.41B¥3.25B¥3.89B¥3.04B
Trade payables¥633.1M¥531.5M¥448.2M¥401.5M¥452.7M
Total liabilities¥4.73B¥4.53B¥4.36B¥4.99B¥4.15B
Non-controlling interests¥608M¥698.5M¥772.9M——
Equity attributable to owners of parent¥12.3B¥12.9B¥13.2B¥13.5B¥13.8B
Retained earnings¥10.9B¥11.4B¥11.8B¥11.8B¥12.2B
Treasury stock-¥34.5M-¥34.5M-¥34.6M-¥34.8M-¥35.1M

Sources

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

    有価証券報告書-第61期(2025/04/21-2026/04/20)

    ID S100YP3N2026-07-07Open
  • EDINET (FSA Japan)

    有価証券報告書-第60期(2024/04/21-2025/04/20)

    ID S100WBAM2025-07-07Open
  • EDINET (FSA Japan)

    有価証券報告書-第59期(2023/04/21-2024/04/20)

    ID S100U1302024-07-11Open
  • EDINET (FSA Japan)

    有価証券報告書-第58期(2022/04/21-2023/04/20)

    ID S100RDQS2023-07-13Open
  • EDINET (FSA Japan)

    有価証券報告書-第57期(令和3年4月21日-令和4年4月20日)

    ID S100OQ032022-07-14Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第56期(令和2年4月21日-令和3年4月20日)

    ID S100MC9R2021-08-31Open

Extracted from XBRL: 48 / Derived from other figures: 1

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