ZenhorenZENHOREN CO.,LTD.5845東証スタンダードその他金融業FY ending Mar 2026, non-consolidated, J-GAAP
Out of every ¥100 of sales, about ¥12 is left as operating profit. Revenue changed +2.1% from the prior year, operating profit +24.5%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2023 | 3.2% | 1.17× | 3.8% | 14.10× | 53.3% |
| 2024 | 6.3% | 1.16× | 7.3% | 6.80× | 49.6% |
| 2025 | 6.3% | 1.15× | 7.3% | 3.73× | 27.1% |
| 2026 | 6.6% | 1.10× | 7.3% | 3.12× | 22.6% |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
| Item | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|
| Revenue | 23,846 | 24,510 | 25,658 | 26,188 |
| Cost of revenue | 8,259 | 7,191 | 8,504 | 7,955 |
| Gross profit | 15,587 | 17,319 | 17,154 | 18,233 |
| SG&A | 13,683 | 15,094 | 14,605 | 15,059 |
| Operating income | 1,904 | 2,224 | 2,548 | 3,173 |
| Pretax income | 1,844 | 2,187 | 2,237 | 2,533 |
| Income tax | 1,070 | 648 | 616 | 804 |
| Net income attributable to owners | 773 | 1,538 | 1,621 | 1,728 |
| Operating margin | 8.0% | 9.1% | 9.9% | 12.1% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|
| Cash and equivalents | ¥3.66B | ¥5.2B | ¥7.27B | ¥9.44B |
| Total assets | ¥20.4B | ¥21.8B | ¥22.8B | ¥24.9B |
| Net assets | ¥1.45B | ¥4.76B | ¥7.19B | ¥8.1B |
| Share capital | ¥99M | ¥983M | ¥1.71B | ¥1.73B |
| Property, plant and equipment | ¥642M | ¥551M | ¥446M | ¥311M |
| Intangible assets excluding goodwill | ¥2.48B | ¥1.85B | ¥1.1B | ¥909M |
| Investment securities | ¥70M | ¥60M | ¥60M | ¥60M |
| Current assets | ¥13.3B | ¥14.8B | ¥16.7B | ¥19B |
| Current liabilities | ¥17.5B | ¥16.4B | ¥15.5B | ¥16.5B |
| Short-term borrowings | ¥3B | ¥1.1B | ¥900M | — |
| Long-term borrowings | ¥292M | ¥86M | — | — |
| Total liabilities | ¥19B | ¥17B | ¥15.6B | ¥16.8B |
| Equity attributable to owners of parent | ¥1.45B | ¥4.75B | ¥7.19B | ¥8.1B |
| Retained earnings | -¥463M | ¥1.07B | ¥2.04B | ¥2.86B |
| Treasury stock | -¥635M | -¥635M | -¥620M | -¥243M |
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