THERMAE-YU HOLDINGS CO.,LTD.

3521・Standard Market・Services

Official website

THERMAE-YU HOLDINGS CO.,LTD.

3521・Standard Market・Services

Official website

THERMAE-YU HOLDINGS CO.,LTD.3521

Reference Indicators

Market Cap

40¥100M

P/E (Forecast)

22.3x

P/B

0.8x

Dividend Yield (Forecast)

3.29%

ROE

3.3%

EV/EBITDA

5.0x

Financial Summary

Unit: ¥M

Item	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Net Sales	751	1,407	1,892	1,980	2,694
Cost of Sales	697	1,211	1,554	1,471	2,105
Gross Profit	54	196	338	509	588
SG&A Expenses	169	196	149	167	282
Operating Income	-115	-0	188	341	306
Non-operating Income	3	4	4	6	7
Non-operating Expenses	19	11	9	8	6
Ordinary Income	-131	-7	183	339	307
Extraordinary Income	195	173	—	—	7
Extraordinary Losses	40	3	0	0	29
Pre-tax Income	23	162	183	339	285
Income Taxes	45	111	87	148	124
Net Income	-22	51	96	191	160
EBITDA	62	209	495	647	629
Gross Margin	7.2%	13.9%	17.9%	25.7%	21.8%
Operating Margin	-15.4%	-0.0%	10.0%	17.2%	11.4%
ROA	-0.4%	0.8%	1.6%	3.1%	2.7%
ROE	-0.5%	1.1%	2.1%	4.0%	3.3%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
温浴	2,000	493	24.6%
不動産	46	14	30.4%
食品	647	-18	-2.8%