Cash flow Asahi Co., Ltd.

Equities

3333

JP3110500000

Other Specialty Retailers

Delayed Japan Exchange Other stock markets 04:55:13 05/12/2025 GMT			5-day change	1st Jan Change
1,282.00 ^JPY	-1.46%		-2.81%	-15.44%

12-04	Asahi Posts Slight November Decline in Sales, Opens Three New Stores	MT
11-04	Asahi Co., Ltd. Reports Sales Result for the Period from September 21, 2025 October 20, 2025 and Year to Date October 20, 2025	CI

1f215d4847.qTaDRSqfHprYch9n3CssWsQqhJc4R9RQSCyfDJIEfmA.yEzWC0X1KqmtLXothUF0d_NSzsVTNbMTfFzZa91rKBKbB_JyUsB79pIkUg

Published financial data: ASAHI CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2021	2022	2023	2024	2025
Revenues	69.46B	71.4B	74.71B	78.08B	81.59B
Total Revenues	69.46B	71.4B	74.71B	78.08B	81.59B
Cost of Goods Sold, Total	34.44B	36.16B	38.52B	40.77B	42.85B
Gross Profit	35.02B	35.24B	36.2B	37.3B	38.74B
Selling General & Admin Expenses, Total	26.78B	28.53B	29.43B	30.81B	31.56B
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	1.25B	1.34B	1.47B	1.58B	1.69B
Other Operating Expenses	126M	141M	163M	-3M	6M
Other Operating Expenses, Total	28.16B	30.01B	31.07B	32.39B	33.25B
Operating Income	6.86B	5.22B	5.13B	4.91B	5.49B
Interest Expense, Total	-	-	-	-	-
Interest And Investment Income	49M	46M	43M	39M	37M
Net Interest Expenses	49M	46M	43M	39M	37M
Currency Exchange Gains (Loss)	-13M	-23M	-85M	8M	-87M
Other Non Operating Income (Expenses)	425M	267M	229M	232M	188M
EBT, Excl. Unusual Items	7.32B	5.51B	5.32B	5.19B	5.62B
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-14M	-18M	-10M	-55M	-13M
Asset Writedown	-255M	-125M	-179M	-359M	-239M
Other Unusual Items	-1M	-1M	-1M	-1M	-
EBT, Incl. Unusual Items	7.06B	5.37B	5.12B	4.78B	5.37B
Income Tax Expense	2.34B	1.83B	1.76B	1.66B	1.82B
Earnings From Continuing Operations	4.72B	3.54B	3.37B	3.11B	3.56B
Net Income to Company	4.72B	3.54B	3.37B	3.11B	3.56B
Net Income - (IS)	4.72B	3.54B	3.37B	3.11B	3.56B
Net Income to Common Incl Extra Items	4.72B	3.54B	3.37B	3.11B	3.56B
Net Income to Common Excl. Extra Items	4.72B	3.54B	3.37B	3.11B	3.56B
Per Share Items
Net EPS - Basic	180.87	135.65	128.89	119.21	136.48
Basic EPS - Continuing Operations	180.87	135.65	128.89	119.21	136.48
Basic Weighted Average Shares Outstanding	26.08M	26.1M	26.11M	26.11M	26.05M
Net EPS - Diluted	180.87	135.65	128.89	119.21	136.48
Diluted EPS - Continuing Operations	180.87	135.65	128.89	119.21	136.48
Diluted Weighted Average Shares Outstanding	26.08M	26.1M	26.11M	26.11M	26.05M
Normalized Basic EPS	175.55	131.95	127.2	124.24	134.94
Normalized Diluted EPS	175.55	131.95	127.2	124.24	134.94
Payout Ratio	10.01	20.7	21.81	42.5	35.02
Supplemental Items
EBITDA	8.14B	6.59B	6.63B	6.53B	7.21B
EBITA	6.86B	5.22B	5.13B	4.91B	5.49B
EBIT	6.86B	5.22B	5.13B	4.91B	5.49B
EBITDAR	13.41B	12.21B	12.46B	12.53B	13.38B
Effective Tax Rate - (Ratio)	33.14	34.02	34.32	34.82	33.82
Normalized Net Income	4.58B	3.44B	3.32B	3.24B	3.52B
Non-Cash Pension Expense	85M	90M	163M	178M	183M
Supplemental Operating Expense Items
Advertising Expense	615M	739M	650M	715M	794M
Selling and Marketing Expenses	2.35B	2.45B	2.53B	3.03B	3.03B
Net Rental Expense, Total	5.27B	5.62B	5.82B	6B	6.17B
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-

Fiscal Period: February	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	7.59B	5.96B	5.31B	9.52B	9.46B
Total Cash And Short Term Investments	7.59B	5.96B	5.31B	9.52B	9.46B
Accounts Receivable, Total	3.17B	3.16B	3.53B	3.78B	4B
Other Receivables	311M	246M	194M	207M	210M
Total Receivables	3.48B	3.4B	3.72B	3.99B	4.21B
Inventory	12.72B	14.69B	18.19B	15.2B	16.42B
Prepaid Expenses	374M	440M	404M	463M	413M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	505M	453M	10M	62M	54M
Total Current Assets	24.66B	24.95B	27.64B	29.24B	30.56B
Net Property Plant And Equipment	12.28B	13.03B	13.4B	14.22B	14.84B
Long-term Investments	6.89B	6.92B	6.76B	6.62B	6.6B
Other Intangibles, Total	471M	515M	835M	1.1B	1.06B
Loans Receivable Long-Term	1M	-	-	-	1M
Deferred Tax Assets Long-Term	977M	1.06B	1.78B	1.37B	1.39B
Other Long-Term Assets, Total	1M	2M	1M	2M	1M
Total Assets	45.29B	46.47B	50.41B	52.55B	54.45B
Liabilities
Accounts Payable, Total	4.35B	4.67B	5.18B	4.27B	4.75B
Accrued Expenses, Total	2.43B	2.58B	2.72B	2.73B	2.81B
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Income Taxes Payable	4.05B	1.85B	1.53B	3.11B	2.28B
Unearned Revenue Current, Total	3M	3M	3M	3M	3M
Other Current Liabilities	850M	972M	4.89B	4.33B	4.29B
Total Current Liabilities	11.68B	10.07B	14.32B	14.44B	14.14B
Long-Term Debt	-	-	-	-	-
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	1.11B	1.06B	1.1B	1.15B	1.2B
Total Liabilities	12.79B	11.13B	15.42B	15.59B	15.34B
Common Stock, Total	2.06B	2.06B	2.06B	2.06B	2.06B
Additional Paid In Capital	2.16B	2.16B	2.16B	2.16B	2.16B
Retained Earnings	28.37B	31.17B	31.1B	32.89B	35.2B
Treasury Stock	-230M	-180M	-180M	-180M	-287M
Comprehensive Income and Other	132M	126M	-158M	29M	-21M
Total Common Equity	32.5B	35.34B	34.99B	36.96B	39.12B
Total Equity	32.5B	35.34B	34.99B	36.96B	39.12B
Total Liabilities And Equity	45.29B	46.47B	50.41B	52.55B	54.45B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	26.08M	26.11M	26.11M	26.11M	26.04M
ECS Total Common Shares Outstanding	26.08M	-	-	-	-
Book Value / Share	1.25K	1.35K	1.34K	1.42K	1.5K
Tangible Book Value	32.02B	34.83B	34.15B	35.86B	38.06B
Tangible Book Value Per Share	1.23K	1.33K	1.31K	1.37K	1.46K
Total Debt	0	0	0	0	0
Net Debt	-7.59B	-5.96B	-5.31B	-9.52B	-9.46B
Debt Equivalent Oper. Leases	42.15B	44.98B	46.59B	48.01B	49.35B
Equity Method Investments, Total	91M	91M	91M	91M	91M
Inventories - Raw Materials, Total	75M	171M	161M	175M	193M
Inventories - Finished Goods, Total	12.64B	14.52B	18.03B	15.03B	16.23B
Inventories - Others	-	-	1M	1M	-
Full Time Employees	1.6K	1.68K	1.75K	1.77K	1.79K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: February	2021	2022	2023	2024	2025
Net Income	7.06B	5.37B	5.12B	4.78B	5.37B
Depreciation & Amortization - CF	1.28B	1.37B	1.5B	1.61B	1.72B
Depreciation & Amortization, Total	1.28B	1.37B	1.5B	1.61B	1.72B
(Gain) Loss From Sale Of Asset	270M	144M	190M	415M	252M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Other Operating Activities, Total	-1.28B	-3.04B	-1.5B	-750M	-1.39B
Change In Accounts Receivable	-687M	14M	-371M	-253M	-219M
Change In Inventories	-1.24B	-1.98B	-3.5B	2.99B	-1.22B
Change In Accounts Payable	1.73B	-618M	908M	-83M	-489M
Change in Other Net Operating Assets	164M	327M	174M	-124M	259M
Cash from Operations	7.3B	1.58B	2.53B	8.58B	4.29B
Capital Expenditure	-1.35B	-1.93B	-2.06B	-2.37B	-2.51B
Sale of Property, Plant, and Equipment	-	-	-	-34M	-
Sale (Purchase) of Intangible assets	-202M	-193M	-435M	-487M	-190M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	1M	0	0	0	0
Other Investing Activities, Total	-320M	-288M	-140M	-165M	-296M
Cash from Investing	-1.87B	-2.41B	-2.64B	-3.05B	-3B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-187M	-	-	-	-
Total Debt Repaid	-187M	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-113M
Common & Preferred Stock Dividends Paid	-472M	-733M	-734M	-1.32B	-1.24B
Common & Preferred Stock Dividends Paid	-472M	-733M	-734M	-1.32B	-1.24B
Other Financing Activities, Total	-1M	-	-	-	-
Cash from Financing	-660M	-733M	-734M	-1.32B	-1.36B
Miscellaneous Cash Flow Adjustments	-1M	-	-1M	-	1M
Net Change in Cash	4.76B	-1.56B	-839M	4.2B	-62M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	1.51B	3.13B	1.56B	800M	1.42B
Levered Free Cash Flow	4.97B	-1.02B	3.12B	4.56B	769M
Unlevered Free Cash Flow	4.97B	-1.02B	3.12B	4.56B	769M
Change In Net Working Capital	-955M	3.52B	-912M	-2.73B	1.68B
Net Debt Issued / Repaid	-187M	-	-	-	-

Fiscal Period: February	2021	2022	2023	2024	2025
Profitability
Return on Assets	10.31	7.11	6.62	5.96	6.41
Return on Total Capital	14.09	9.62	9.11	8.53	9.01
Return On Equity %	15.54	10.44	9.57	8.65	9.35
Return on Common Equity	15.54	10.44	9.57	8.65	9.35
Margin Analysis
Gross Profit Margin %	50.42	49.35	48.45	47.78	47.48
SG&A Margin	38.55	39.96	39.4	39.47	38.68
EBITDA Margin %	11.72	9.23	8.88	8.36	8.83
EBITA Margin %	9.88	7.31	6.86	6.29	6.72
EBIT Margin %	9.88	7.31	6.86	6.29	6.72
Income From Continuing Operations Margin %	6.79	4.96	4.51	3.99	4.36
Net Income Margin %	6.79	4.96	4.51	3.99	4.36
Net Avail. For Common Margin %	6.79	4.96	4.51	3.99	4.36
Normalized Net Income Margin	6.59	4.82	4.45	4.16	4.31
Levered Free Cash Flow Margin	7.16	-1.43	4.18	5.84	0.94
Unlevered Free Cash Flow Margin	7.16	-1.43	4.18	5.84	0.94
Asset Turnover
Asset Turnover	1.67	1.56	1.54	1.52	1.53
Fixed Assets Turnover	5.69	5.64	5.65	5.65	5.61
Receivables Turnover (Average Receivables)	24.58	22.58	22.36	21.37	20.97
Inventory Turnover (Average Inventory)	2.85	2.64	2.34	2.44	2.71
Short Term Liquidity
Current Ratio	2.11	2.48	1.93	2.03	2.16
Quick Ratio	0.95	0.93	0.63	0.94	0.97
Operating Cash Flow to Current Liabilities	0.62	0.16	0.18	0.59	0.3
Days Sales Outstanding (Average Receivables)	14.89	16.17	16.32	17.08	17.45
Days Outstanding Inventory (Average Inventory)	128.57	138.33	155.82	149.48	135.05
Average Days Payable Outstanding	40.95	43.15	42.76	45.64	37.48
Cash Conversion Cycle (Average Days)	102.51	111.35	129.38	120.93	115.02
Long Term Solvency
Total Debt/Equity	-	-	-	-	-
Total Debt / Total Capital	-	-	-	-	-
LT Debt/Equity	-	-	-	-	-
Long-Term Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	28.25	23.94	30.59	29.67	28.16
EBIT / Interest Expense	-	-	-	-	-
EBITDA / Interest Expense	-	-	-	-	-
(EBITDA - Capex) / Interest Expense	-	-	-	-	-
Total Debt / EBITDA	-	-	-	-	-
Net Debt / EBITDA	-0.93	-0.9	-0.8	-1.46	-1.31
Total Debt / (EBITDA - Capex)	-	-	-	-	-
Net Debt / (EBITDA - Capex)	-1.12	-1.28	-1.16	-2.29	-2.02
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	16.05	2.8	4.64	4.5	4.5
Gross Profit, 1 Yr. Growth %	15.62	0.61	2.73	3.06	3.84
EBITDA, 1 Yr. Growth %	53.92	-19.05	0.62	-1.58	10.42
EBITA, 1 Yr. Growth %	71.34	-23.94	-1.78	-4.21	11.69
EBIT, 1 Yr. Growth %	71.34	-23.94	-1.78	-4.21	11.69
Earnings From Cont. Operations, 1 Yr. Growth %	84.33	-24.93	-4.94	-7.52	14.2
Net Income, 1 Yr. Growth %	84.33	-24.93	-4.94	-7.52	14.2
Normalized Net Income, 1 Yr. Growth %	72.47	-24.76	-3.56	-2.33	8.34
Diluted EPS Before Extra, 1 Yr. Growth %	84.4	-25	-4.98	-7.52	14.49
Accounts Receivable, 1 Yr. Growth %	27.72	-0.47	11.79	7.2	5.79
Inventory, 1 Yr. Growth %	10.8	15.56	23.8	-16.42	8
Net Property, Plant and Equip., 1 Yr. Growth %	1.33	6.09	2.84	6.13	4.38
Total Assets, 1 Yr. Growth %	19.34	2.62	8.47	4.25	3.61
Tangible Book Value, 1 Yr. Growth %	15.17	8.76	-1.94	5	6.13
Common Equity, 1 Yr. Growth %	15.15	8.77	-1.01	5.64	5.82
Cash From Operations, 1 Yr. Growth %	84.54	-78.27	59.87	238.63	-49.97
Capital Expenditures, 1 Yr. Growth %	19.59	43.29	6.73	14.74	6.13
Levered Free Cash Flow, 1 Yr. Growth %	85.43	-120.48	-406.72	45.93	-83.13
Unlevered Free Cash Flow, 1 Yr. Growth %	85.43	-120.48	-406.72	45.93	-83.13
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.94	9.22	3.71	4.57	4.5
Gross Profit, 2 Yr. CAGR %	10.1	7.85	1.66	2.9	3.45
EBITDA, 2 Yr. CAGR %	24.54	11.62	-9.75	-0.49	4.25
EBITA, 2 Yr. CAGR %	32.39	14.16	-13.57	-3	3.43
EBIT, 2 Yr. CAGR %	32.39	14.16	-13.57	-3	3.43
Earnings From Cont. Operations, 2 Yr. CAGR %	41.38	17.63	-15.53	-6.24	2.77
Net Income, 2 Yr. CAGR %	41.38	17.63	-15.53	-6.24	2.77
Normalized Net Income, 2 Yr. CAGR %	34.89	13.91	-14.82	-2.95	2.87
Diluted EPS Before Extra, 2 Yr. CAGR %	41.59	17.6	-15.58	-6.26	2.9
Accounts Receivable, 2 Yr. CAGR %	31.22	12.75	5.48	9.47	6.49
Inventory, 2 Yr. CAGR %	7.02	13.15	19.61	1.72	-4.99
Net Property, Plant and Equip., 2 Yr. CAGR %	-0.5	3.68	4.45	4.47	5.25
Total Assets, 2 Yr. CAGR %	10.96	10.66	5.51	6.34	3.93
Tangible Book Value, 2 Yr. CAGR %	11.57	11.92	3.27	1.47	5.56
Common Equity, 2 Yr. CAGR %	11.51	11.92	3.77	2.26	5.73
Cash From Operations, 2 Yr. CAGR %	23.42	-36.68	-41.06	132.68	30.16
Capital Expenditures, 2 Yr. CAGR %	6.56	30.91	23.66	10.66	10.35
Levered Free Cash Flow, 2 Yr. CAGR %	29.03	-38.38	-20.75	111.57	-50.38
Unlevered Free Cash Flow, 2 Yr. CAGR %	28.99	-38.38	-20.75	111.57	-50.38
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	9.01	7.51	7.67	3.98	4.55
Gross Profit, 3 Yr. CAGR %	9.43	6.84	6.12	2.13	3.21
EBITDA, 3 Yr. CAGR %	19.87	7.88	7.83	-7.11	3.02
EBITA, 3 Yr. CAGR %	26.08	10.06	8.58	-10.55	1.66
EBIT, 3 Yr. CAGR %	26.08	10.06	8.58	-10.55	1.66
Earnings From Cont. Operations, 3 Yr. CAGR %	32	14.48	9.57	-12.94	0.13
Net Income, 3 Yr. CAGR %	32	14.48	9.57	-12.94	0.13
Normalized Net Income, 3 Yr. CAGR %	27.84	11.03	7.76	-10.84	0.68
Diluted EPS Before Extra, 3 Yr. CAGR %	32.13	14.56	9.53	-12.98	0.2
Accounts Receivable, 3 Yr. CAGR %	25.21	19.67	12.43	6.05	8.23
Inventory, 3 Yr. CAGR %	3.73	9.79	16.59	6.14	3.77
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.86	1.65	3.4	5.01	4.44
Total Assets, 3 Yr. CAGR %	7.68	8.11	9.93	5.09	5.42
Tangible Book Value, 3 Yr. CAGR %	10.47	10.63	7.09	3.84	3
Common Equity, 3 Yr. CAGR %	10.46	10.59	7.43	4.39	3.44
Cash From Operations, 3 Yr. CAGR %	81.21	-30.83	-13.78	5.56	39.39
Capital Expenditures, 3 Yr. CAGR %	9.41	17.62	22.29	20.61	9.13
Levered Free Cash Flow, 3 Yr. CAGR %	192.2	-30.14	5.21	-2.86	-8.93
Unlevered Free Cash Flow, 3 Yr. CAGR %	193.12	-30.16	5.21	-2.86	-8.93
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.49	6.92	6.86	6.32	6.39
Gross Profit, 5 Yr. CAGR %	8.05	6.98	6.25	5.24	5.04
EBITDA, 5 Yr. CAGR %	12.65	7.06	7	4.45	6.38
EBITA, 5 Yr. CAGR %	16.24	9.05	8.41	4.64	6.49
EBIT, 5 Yr. CAGR %	16.24	9.05	8.41	4.64	6.49
Earnings From Cont. Operations, 5 Yr. CAGR %	19.1	10.34	10.42	5.69	6.8
Net Income, 5 Yr. CAGR %	19.1	10.34	10.42	5.69	6.8
Normalized Net Income, 5 Yr. CAGR %	16.74	9.4	8.68	5.21	5.78
Diluted EPS Before Extra, 5 Yr. CAGR %	19.18	10.39	10.45	5.73	6.83
Accounts Receivable, 5 Yr. CAGR %	22.4	16	16.91	15.48	10.01
Inventory, 5 Yr. CAGR %	5.46	9.29	9.81	6.49	7.43
Net Property, Plant and Equip., 5 Yr. CAGR %	-0.46	0.1	1.23	2.77	4.14
Total Assets, 5 Yr. CAGR %	6.67	6.43	6.8	7.4	7.49
Tangible Book Value, 5 Yr. CAGR %	9.81	9.38	7.53	6.87	6.48
Common Equity, 5 Yr. CAGR %	9.72	9.37	7.73	7.18	6.75
Cash From Operations, 5 Yr. CAGR %	17.93	-18.08	15.63	12.37	1.66
Capital Expenditures, 5 Yr. CAGR %	-6.66	2.17	14.9	14.78	17.37
Levered Free Cash Flow, 5 Yr. CAGR %	37.71	-9.73	73.38	8.82	-22.11
Unlevered Free Cash Flow, 5 Yr. CAGR %	37.56	-9.77	73.71	8.81	-22.11