Yasuda LogisticsYasuda Logistics corporation9324東証プライム倉庫・運輸関連FY ending Mar 2026, consolidated, J-GAAP

Yasuda Logistics revenue and profit

Out of every ¥100 of sales, about ¥5 is left as operating profit. Revenue changed +6.5% from the prior year, operating profit +22.0%.

Five-year trend

Revenue¥80B
FY ending Mar 2022: ¥53B¥53BFY ending Mar 2023: ¥59.8B¥59.8BFY ending Mar 2024: ¥67.4B¥67.4BFY ending Mar 2025: ¥75.1B¥75.1BFY ending Mar 2026: ¥80B¥80BFY22FY23FY24FY25FY26
Operating income¥4.29B
FY ending Mar 2022: ¥2.91B¥2.91BFY ending Mar 2023: ¥2.53B¥2.53BFY ending Mar 2024: ¥2.64B¥2.64BFY ending Mar 2025: ¥3.52B¥3.52BFY ending Mar 2026: ¥4.29B¥4.29BFY22FY23FY24FY25FY26
Operating margin5.4%
FY ending Mar 2022: 5.5%5.5%FY ending Mar 2023: 4.2%4.2%FY ending Mar 2024: 3.9%3.9%FY ending Mar 2025: 4.7%4.7%FY ending Mar 2026: 5.4%5.4%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin8.4%
Asset turnover0.36×
ROA3.0%
ROA3.0%
Financial leverage4.20×
ROE12.7%

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

Net margin8.4%
2022: 5.4%5.4%2023: 3.8%3.8%2024: 3.4%3.4%2025: 3.7%3.7%2026: 8.4%8.4%2223242526
Asset turnover0.36×
2022: 0.33×0.33×2023: 0.37×0.37×2024: 0.36×0.36×2025: 0.36×0.36×2026: 0.36×0.36×2223242526
ROA3.0%
2022: 1.8%1.8%2023: 1.4%1.4%2024: 1.2%1.2%2025: 1.3%1.3%2026: 3.0%3.0%2223242526
Financial leverage4.20×
2022: 3.51×3.51×2023: 3.54×3.54×2024: 3.98×3.98×2025: 4.28×4.28×2026: 4.20×4.20×2223242526
ROE12.7%
2022: 6.3%6.3%2023: 4.9%4.9%2024: 4.8%4.8%2025: 5.7%5.7%2026: 12.7%12.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20225.4%0.33×1.8%3.51×6.3%
20233.8%0.37×1.4%3.54×4.9%
20243.4%0.36×1.2%3.98×4.8%
20253.7%0.36×1.3%4.28×5.7%
20268.4%0.36×3.0%4.20×12.7%

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 ÷ revenue126.8%
2021: 150.8%150.8%2022: 144.7%144.7%2023: 134.3%134.3%2024: 143.8%143.8%2025: 130.9%130.9%2026: 126.8%126.8%212223242526
PPE ÷ total assets43.4%
2021: 48.9%48.9%2022: 48.2%48.2%2023: 48.1%48.1%2024: 45.7%45.7%2025: 46.7%46.7%2026: 43.4%43.4%212223242526
Goodwill ÷ parent equity7.8%
2021: 2.0%2.0%2022: 1.6%1.6%2023: 6.7%6.7%2024: 9.1%9.1%2025: 9.6%9.6%2026: 7.8%7.8%212223242526
Goodwill balance¥4.34B
2021: ¥854M¥854M2022: ¥741M¥741M2023: ¥3.15B¥3.15B2024: ¥4.41B¥4.41B2025: ¥4.83B¥4.83B2026: ¥4.34B¥4.34B212223242526

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
Revenue53,04059,75667,38475,11580,028
Cost of revenue—————
Gross profit—————
SG&A3,4954,1365,3586,0476,223
Operating income2,9102,5342,6443,5154,289
Pretax income4,0803,5343,4964,2849,819
Income tax1,1691,2381,1721,4363,057
Net income attributable to owners2,8732,2452,3062,8026,728
Operating margin5.5%4.2%3.9%4.7%5.4%

Balance sheet (reported items)

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

Assets

Cash 12%
Property, plant and equipment 43%
5%
Investment securities 33%
7%

Funding

Interest-bearing debt 31%
Other liabilities 23%
Equity 46%

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¥18.2B¥15.1B¥17.3B¥20.4B¥27.7B
Total assets¥159.1B¥166.8B¥211.9B¥210.3B¥234B
Net assets¥74.9B¥77.4B¥93.8B¥94.2B¥108.4B
Share capital¥3.6B¥3.6B¥3.6B¥3.6B¥3.6B
Property, plant and equipment¥76.7B¥80.2B¥96.9B¥98.3B¥101.5B
Intangible assets excluding goodwill¥3.47B¥8.73B¥8.8B¥9.14B¥8.43B
Goodwill¥741M¥3.15B¥4.41B¥4.83B¥4.34B
Investment securities¥44.9B¥45.7B¥66.5B¥63.9B¥76.7B
Current assets¥30.9B¥28.8B¥35.2B¥34.6B¥42B
Current liabilities¥15.9B¥22.2B¥22.3B¥20.5B¥22.2B
Short-term borrowings¥4.37B¥10.3B¥4.53B¥2.42B¥2.3B
Long-term borrowings¥38.4B¥36B¥50.7B¥50.5B¥53.6B
Bonds¥10.4B¥10.3B¥16.5B¥16.5B¥16.5B
Interest-bearing debt¥53.2Bderived¥56.6Bderived¥71.7Bderived¥69.5Bderived¥72.4Bderived
Total liabilities¥84.2B¥89.4B¥118.1B¥116.1B¥125.6B
Non-controlling interests¥338M¥378M¥387M¥432M¥441M
Equity attributable to owners of parent¥45.3B¥46.8B¥48.4B¥50.3B¥55.4B
Retained earnings¥40.1B¥41.6B¥43.1B¥45.1B¥50.4B
Treasury stock-¥1.18B-¥1.18B-¥1.18B-¥1.18B-¥1.39B

Sources

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

    有価証券報告書-第158期(2025/04/01-2026/03/31)

    ID S100YEO52026-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第157期(2024/04/01-2025/03/31)

    ID S100W2MV2025-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第156期(2023/04/01-2024/03/31)

    ID S100TTXC2024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第155期(2022/04/01-2023/03/31)

    ID S100R6M22023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第154期(令和3年4月1日-令和4年3月31日)

    ID S100OFLY2022-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第153期(令和2年4月1日-令和3年3月31日)

    ID S100LP0X2021-06-25Open

Extracted from XBRL: 51 / Derived from other figures: 2

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