ZenmuTech338A東証グロース情報・通信業FY ending Dec 2025, non-consolidated, J-GAAP

ZenmuTech revenue and profit

Out of every ¥100 of sales, about ¥17 is left as operating profit. Revenue changed +31.3% from the prior year, operating profit +88.3%.

Five-year trend

Revenue¥851.9M
FY ending Dec 2023: ¥440.8M¥440.8MFY ending Dec 2024: ¥648.9M¥648.9MFY ending Dec 2025: ¥851.9M¥851.9MFY23FY24FY25
Operating income¥144.1M
FY ending Dec 2023: ¥47M¥47MFY ending Dec 2024: ¥76.5M¥76.5MFY ending Dec 2025: ¥144.1M¥144.1MFY23FY24FY25
Operating margin16.9%
FY ending Dec 2023: 10.7%10.7%FY ending Dec 2024: 11.8%11.8%FY ending Dec 2025: 16.9%16.9%FY23FY24FY25

What drives ROE

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

Net margin18.3%
Asset turnover0.88×
ROA16.0%
ROA16.0%
Financial leverage1.87×
ROE29.9%

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

Net margin18.3%
2023: 16.5%16.5%2024: 12.1%12.1%2025: 18.3%18.3%232425
Asset turnover0.88×
2023: 0.76×0.76×2024: 1.05×1.05×2025: 0.88×0.88×232425
ROA16.0%
2023: 12.6%12.6%2024: 12.7%12.7%2025: 16.0%16.0%232425
Financial leverage1.87×
2023: 3.81×3.81×2024: 3.21×3.21×2025: 1.87×1.87×232425
ROE29.9%
2023: 48.1%48.1%2024: 40.9%40.9%2025: 29.9%29.9%232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
202316.5%0.76×12.6%3.81×48.1%
202412.1%1.05×12.7%3.21×40.9%
202518.3%0.88×16.0%1.87×29.9%

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 ÷ revenue0.7%
2023: 0.5%0.5%2024: 0.3%0.3%2025: 0.7%0.7%232425
PPE ÷ total assets0.5%
2023: 0.4%0.4%2024: 0.3%0.3%2025: 0.5%0.5%232425

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¥107.2M
2024: ¥67.4M¥67.4M2025: ¥107.2M¥107.2M232425
R&D / revenue12.6%
2024: 10.4%10.4%2025: 12.6%12.6%232425

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 Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue441649852
Cost of revenue316085
Gross profit410589767
SG&A363512623
Operating income4777144
Pretax income5784161
Income tax-1665
Net income attributable to owners7379156
Operating margin10.7%11.8%16.9%

Balance sheet (reported items)

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

Assets

Cash 61%
0%
4%
Other assets 35%

Funding

Other liabilities 37%
Equity 63%
0%

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

ItemFY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥308.2M¥507.3M¥788.5M
Total assets¥577.4M¥657M¥1.29B
Net assets¥156.8M¥237.8M¥814.9M
Share capital¥217.2M¥219.7M¥434.4M
Property, plant and equipment¥2.2M¥2.2M¥6M
Intangible assets excluding goodwill¥13.7M¥20.3M¥45.8M
Current assets¥536.1M¥603.6M¥1.17B
Current liabilities¥402.2M¥408M¥471.9M
Short-term borrowings——¥100M
Long-term borrowings¥18.4M¥11.2M—
Total liabilities¥420.6M¥419.2M¥471.9M
Equity attributable to owners of parent¥151.5M¥232.5M¥809.6M
Retained earnings-¥452.9M-¥374.4M-¥218.5M

Sources

Show source documents (2)
  • EDINET (FSA Japan)

    訂正有価証券報告書-第12期(2025/01/01-2025/12/31)

    ID S100Y1PM2026-04-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第11期(2024/01/01-2024/12/31)

    ID S100VJ4A2025-03-31Open

Extracted from XBRL: 40 / Derived from other figures: 1

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