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Yokohama ReitoYokohama Reito Co.,Ltd.2874東証プライム卸売業FY ending Sep 2025, consolidated, J-GAAP

Yokohama Reito revenue and profit

Out of every ¥100 of sales, about ¥3 is left as operating profit. Revenue changed +2.7% from the prior year, operating profit -8.8%.

Five-year trend

Revenue¥125.6B
FY ending Sep 2021: ¥110.8B¥110.8BFY ending Sep 2022: ¥115.3B¥115.3BFY ending Sep 2023: ¥125.6B¥125.6BFY ending Sep 2024: ¥122.3B¥122.3BFY ending Sep 2025: ¥125.6B¥125.6BFY21FY22FY23FY24FY25
Operating income¥4.24B
FY ending Sep 2021: ¥2.56B¥2.56BFY ending Sep 2022: ¥4.25B¥4.25BFY ending Sep 2023: ¥3.59B¥3.59BFY ending Sep 2024: ¥4.65B¥4.65BFY ending Sep 2025: ¥4.24B¥4.24BFY21FY22FY23FY24FY25
Operating margin3.4%
FY ending Sep 2021: 2.3%2.3%FY ending Sep 2022: 3.7%3.7%FY ending Sep 2023: 2.9%2.9%FY ending Sep 2024: 3.8%3.8%FY ending Sep 2025: 3.4%3.4%FY21FY22FY23FY24FY25

What drives ROE

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

Net margin1.6%
Asset turnover0.61×
ROA1.0%
ROA1.0%
Financial leverage2.94×
ROE2.8%

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

Net margin1.6%
2021: 3.3%3.3%2022: 2.9%2.9%2024: 3.2%3.2%2025: 1.6%1.6%2122232425
Asset turnover0.61×
2021: 0.62×0.62×2022: 0.65×0.65×2024: 0.63×0.63×2025: 0.61×0.61×2122232425
ROA1.0%
2021: 2.0%2.0%2022: 1.9%1.9%2023: -5.8%-5.8%2024: 2.0%2.0%2025: 1.0%1.0%2122232425
Financial leverage2.94×
2021: 2.30×2.30×2022: 2.28×2.28×2024: 2.87×2.87×2025: 2.94×2.94×2122232425
ROE2.8%
2021: 4.6%4.6%2022: 4.2%4.2%2024: 5.8%5.8%2025: 2.8%2.8%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20213.3%0.62×2.0%2.30×4.6%
20222.9%0.65×1.9%2.28×4.2%
2023——×-5.8%—×—
20243.2%0.63×2.0%2.87×5.8%
20251.6%0.61×1.0%2.94×2.8%

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 ÷ revenue98.4%
2020: 84.1%84.1%2021: 84.4%84.4%2022: 82.3%82.3%2023: 80.5%80.5%2024: 94.4%94.4%2025: 98.4%98.4%202122232425
PPE ÷ total assets59.1%
2020: 53.7%53.7%2021: 52.4%52.4%2022: 53.0%53.0%2023: 53.7%53.7%2024: 56.8%56.8%2025: 59.1%59.1%202122232425
Goodwill ÷ parent equity—
2020: 6.5%6.5%2021: 0.1%0.1%2022: 0.1%0.1%2023: 0.0%0.0%202122232425
Goodwill balance—
2020: ¥4.87B¥4.87B2021: ¥102M¥102M2022: ¥72M¥72M2023: ¥32M¥32M202122232425

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.

Receivable days39d
2020: 46d46d2021: 39d39d2022: 44d44d2023: 48d48d2024: 40d40d2025: 39d39d202122232425
Payable days16d
2020: 14d14d2021: 18d18d2022: 19d19d2023: 15d15d2024: 15d15d2025: 16d16d202122232425

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 Sep 2021FY ending Sep 2022FY ending Sep 2023FY ending Sep 2024FY ending Sep 2025
Revenue110,782115,257125,598122,282125,563
Cost of revenue96,985102,672112,970108,618111,427
Gross profit13,79712,58412,62813,66414,136
SG&A11,2348,3329,0399,0169,898
Operating income2,5624,2523,5884,6474,238
Pretax income4,5754,999-9,1195,5204,447
Income tax9031,5951,5671,4932,390
Net income attributable to owners3,6053,317-10,7313,9331,978
Operating margin2.3%3.7%2.9%3.8%3.4%

Balance sheet (reported items)

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

Assets

2%
6%
Property, plant and equipment 59%
1%
Investment securities 21%
Other assets 11%

Funding

2%
Interest-bearing debt 44%
Other liabilities 14%
Equity 40%
0%

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

ItemFY ending Sep 2021FY ending Sep 2022FY ending Sep 2023FY ending Sep 2024FY ending Sep 2025
Cash and equivalents¥3.16B¥2.41B¥3.93B¥3.16B¥3.27B
Total assets¥178.2B¥179B¥188.3B¥203B¥209B
Net assets¥82.6B¥84.8B¥73.3B¥79.9B¥82.4B
Share capital¥14.3B¥14.3B¥14.3B¥14.3B¥14.3B
Trade receivables¥11.8B¥13.9B¥16.5B¥13.4B¥13.3B
Property, plant and equipment¥93.5B¥94.8B¥101.2B¥115.4B¥123.6B
Intangible assets excluding goodwill¥2.29B¥2.29B¥3.43B¥3.34B¥3.17B
Goodwill¥102M¥72M¥32M——
Investment securities¥37B¥39.4B¥39.4B¥43.2B¥43.3B
Current assets¥41.4B¥37.9B¥39.3B¥36.3B¥34.3B
Current liabilities¥34.3B¥31.4B¥39.1B¥43.6B¥39.8B
Trade payables¥4.71B¥5.22B¥4.57B¥4.57B¥4.88B
Short-term borrowings¥14B¥13.1B¥21.1B¥12.3B¥13.6B
Long-term borrowings¥29.3B¥29.7B¥38.6B¥52.9B¥68.9B
Bonds¥30B¥30B¥30B¥20B¥10B
Interest-bearing debt¥73.3Bderived¥72.8Bderived¥89.7Bderived¥85.1Bderived¥92.5Bderived
Total liabilities¥95.6B¥93.8B¥114.9B¥123.2B¥126.6B
Non-controlling interests¥1.17B¥1.36B¥1.46B¥1.62B¥1.7B
Equity attributable to owners of parent¥77.5B¥79.2B¥67B¥69.6B¥70.4B
Retained earnings¥49.2B¥50.7B¥38.6B¥41.1B¥41.9B
Treasury stock-¥336M-¥286M-¥386M-¥282M-¥227M

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第78期(2024/10/01－2025/09/30)

    ID S100XBSF2025-12-19Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第77期(2023/10/01－2024/09/30)

    ID S100VAKS2025-02-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第76期(2022/10/01－2023/09/30)

    ID S100SJ9M2023-12-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第75期(令和3年10月1日－令和4年9月30日)

    ID S100PUY02022-12-23Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第74期(令和2年10月1日－令和3年9月30日)

    ID S100NI3E2022-02-14Open

  • EDINET (FSA Japan)

    有価証券報告書－第73期(令和1年10月1日－令和2年9月30日)

    ID S100KFBE2020-12-23Open

Extracted from XBRL: 54 / Derived from other figures: 2

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