Earnings quality
Compare earnings and operating cash flow for earnings quality.
MonotaRO Co., Ltd.
Ticker 3064 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-03-25 · Period end 2025-12-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 13.8%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin13.8%
Equity ratio—
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
株式会社ＭｏｎｏｔａＲＯ is a Japanese listed company with financial statements filed on EDINET. A detailed English business summary was not auto-extracted from this filing.
Compare trends
No phone/email found in this filing · Filing date 2026-03-25
Financial statements
Income statement
| Account | FY2024 (ended Dec 31, 2024) | FY2025 (ended Dec 31, 2025) |
|---|---|---|
| Revenue | ¥288.1B | ¥333.9B |
| Cost of sales* | ¥203.7B | ¥234.2B |
| Gross profit | ¥84.4B | ¥99.6B |
| Operating profit (loss) | ¥37.1B | ¥46.2B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥11.4B | ¥14.1B |
| Profit (loss) | ¥25.7B | ¥32.0B |
| Profit (loss) attributable to owners | ¥26.3B | ¥32.4B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2024 (ended Dec 31, 2024) | FY2025 (ended Dec 31, 2025) |
|---|---|---|
| Cash and cash equivalents | ¥30.4B | ¥47.0B |
| Current assets | ¥94.1B | ¥123.1B |
| Non-current assets | ¥50.9B | ¥70.1B |
| Total assets | ¥145.0B | ¥193.2B |
| Short-term borrowings | ¥215.0M | ¥109.0M |
| Current liabilities | ¥36.5B | ¥53.6B |
| Non-current liabilities* | ¥4.3B | ¥16.8B |
| Total liabilities | ¥40.8B | ¥70.3B |
| Equity attributable to owners | — | — |
| Total equity | — | — |
Cash flow statement
| Account | FY2024 (ended Dec 31, 2024) | FY2025 (ended Dec 31, 2025) |
|---|---|---|
| Cash flows from operating activities | ¥28.7B | ¥33.7B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥13.3B | ¥27.0M |
| Net increase (decrease) in cash | ¥11.9B | ¥16.6B |
| Cash at end of period | ¥30.4B | ¥47.0B |
Five-year trends
Key metrics
| Metric | Trend | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | ¥189.7B | ¥226.0B | ¥254.3B | ¥288.1B | ¥333.9B | |
| Operating profit | ¥24.3B | ¥26.4B | ¥31.5B | ¥37.3B | ¥46.1B | |
| Profit to owners | — | — | — | ¥26.3B | ¥32.4B | |
| Total assets | ¥95.8B | ¥111.7B | ¥128.4B | ¥145.0B | ¥193.2B | |
| Cash & equivalents | — | — | ¥18.5B | ¥30.4B | ¥47.0B | |
| Owners’ equity | ¥60.3B | ¥72.6B | ¥87.0B | ¥104.3B | ¥122.9B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from ¥288.1B to ¥333.9B (▲ +15.9%), so the top line did not break. Gross profit only slipped from ¥84.4B to ¥99.6B, while operating profit swung from ¥37.1B to ¥46.2B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥33.7B (prior ¥28.7B), and cash on the balance sheet rose to ¥47.0B from ¥30.4B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥70.3B while owners’ equity fell to —. ROE moved from 27.7% to 28.7%, and the equity ratio from 71.5% to 63.4%. Employee count is 1,525 vs 1,432 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Owners’ equity ratio fell from 71.5% to 63.4%; the balance sheet absorbed a heavy loss year.
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Source: EDINET S100XSYP
(株式会社ＭｏｎｏｔａＲＯ), period end 2025-12-31.