AZEARTH Corporation

3161・Standard Market・Wholesale Trade

Official website

AZEARTH Corporation

3161・Standard Market・Wholesale Trade

Official website

AZEARTH Corporation3161

Reference Indicators

Market Cap

40¥100M

P/E (Forecast)

—

P/B

0.6x

Dividend Yield (Forecast)

3.47%

ROE

2.0%

EV/EBITDA

4.3x

Financial Summary

Unit: ¥M

Item	2022Apr 2022	2023Apr 2023	2024Apr 2024	2025Apr 2025	2026Apr 2026
Net Sales	9,545	9,081	8,242	8,027	8,289
Cost of Sales	7,663	7,127	6,556	6,337	6,572
Gross Profit	1,882	1,953	1,686	1,690	1,716
SG&A Expenses	1,494	1,421	1,394	1,498	1,524
Operating Income	387	531	291	191	192
Non-operating Income	28	32	19	31	24
Non-operating Expenses	2	1	2	6	2
Ordinary Income	414	562	308	217	214
Extraordinary Income	3	322	0	71	—
Extraordinary Losses	0	315	0	12	1
Pre-tax Income	416	569	308	276	212
Income Taxes	150	163	121	77	74
Net Income	266	406	187	199	138
EBITDA	487	640	388	290	323
Gross Margin	19.7%	21.5%	20.5%	21.1%	20.7%
Operating Margin	4.1%	5.9%	3.5%	2.4%	2.3%
ROA	3.1%	4.5%	2.2%	2.4%	1.6%
ROE	4.3%	6.3%	2.8%	3.0%	2.0%

Segment Performance

Unit: ¥M

2025

Segment	Net Sales	Operating Income	Operating Margin
防護服・環境資機材	4,630	494	10.7%
ヘルスケア製品	273	-33	-12.1%
ライフマテリアル	2,812	166	5.9%
その他	311	-40	-12.9%