Balance Sheet Central Forest Group, Inc.

Equities

7675

JP3425850009

Food Retail & Distribution

End-of-day quote NAGOYA STOCK EXCHANGE Other stock markets 11/09/2024			5-day change	1st Jan Change
2,550.00 ^JPY	0.00%		+2.00%	+29.44%

07-04	Tranche Update on Central Forest Group, Inc.'s Equity Buyback Plan announced on February 8, 2024.	CI
04-03	Tranche Update on Central Forest Group, Inc.'s Equity Buyback Plan announced on February 8, 2024.	CI

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Published financial data: CENTRAL FOREST GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	238B	285B	298B	313B	329B
Total Revenues	238B	285B	298B	313B	329B
Cost of Goods Sold, Total	217B	260B	271B	284B	298B
Gross Profit	21.44B	24.86B	27.27B	29.05B	31.16B
Selling General & Admin Expenses, Total	20.24B	24.01B	26.12B	27.43B	28.63B
Other Operating Expenses, Total	20.24B	24.01B	26.12B	27.43B	28.63B
Operating Income	1.2B	849M	1.16B	1.62B	2.53B
Interest Expense, Total	-6.4M	-6M	-9M	-8M	-7M
Interest And Investment Income	156M	136M	140M	140M	151M
Net Interest Expenses	150M	130M	131M	132M	144M
Other Non Operating Income (Expenses)	136M	159M	165M	161M	138M
EBT, Excl. Unusual Items	1.49B	1.14B	1.45B	1.92B	2.81B
Gain (Loss) On Sale Of Investments	476M	75M	214M	28M	34M
Gain (Loss) On Sale Of Assets	162M	13M	100M	18M	-
Asset Writedown	-103M	-241M	-184M	-13M	-10M
Other Unusual Items	-1M	1M	14M	-41M	-
EBT, Incl. Unusual Items	2.02B	986M	1.6B	1.91B	2.84B
Income Tax Expense	482M	337M	543M	640M	876M
Earnings From Continuing Operations	1.54B	649M	1.05B	1.27B	1.96B
Net Income to Company	1.54B	649M	1.05B	1.27B	1.96B
Minority Interest	-1.6M	-	-	-	-
Net Income - (IS)	1.54B	649M	1.05B	1.27B	1.96B
Net Income to Common Incl Extra Items	1.54B	649M	1.05B	1.27B	1.96B
Net Income to Common Excl. Extra Items	1.54B	649M	1.05B	1.27B	1.96B
Per Share Items
Net EPS - Basic	206.11	73.91	119.8	144.4	228
Basic EPS - Continuing Operations	206.11	73.91	119.8	144.4	228
Basic Weighted Average Shares Outstanding	7.46M	8.78M	8.78M	8.78M	8.59M
Net EPS - Diluted	206.11	73.91	119.8	144.4	228
Diluted EPS - Continuing Operations	206.11	73.91	119.8	144.4	228
Diluted Weighted Average Shares Outstanding	7.46M	8.78M	8.78M	8.78M	8.59M
Normalized Basic EPS	124.32	81	103.28	136.37	204.48
Normalized Diluted EPS	124.32	81	103.28	136.37	204.48
Dividend Per Share	-	30	30	34	43
Payout Ratio	8.53	54.08	25	22.16	15.47
Supplemental Items
EBITDA	1.67B	1.31B	1.73B	2.25B	3.24B
EBITA	1.2B	849M	1.24B	1.73B	2.64B
EBIT	1.2B	849M	1.16B	1.62B	2.53B
EBITDAR	1.73B	-	-	-	-
Effective Tax Rate - (Ratio)	23.85	34.18	34.04	33.54	30.9
Normalized Net Income	928M	711M	907M	1.2B	1.76B
Non-Cash Pension Expense	-87M	-104M	-98M	-111M	-70M
Supplemental Operating Expense Items
Selling and Marketing Expenses	14.11B	17.29B	18.12B	18.65B	19.25B
Net Rental Expense, Total	362M	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	11.96B	13.27B	14.1B	15.07B	14.32B
Short Term Investments	4.4B	4.69B	5.9B	5.31B	5.56B
Total Cash And Short Term Investments	16.36B	17.96B	20B	20.37B	19.88B
Accounts Receivable, Total	46.6B	45.85B	48.8B	48.7B	50.52B
Other Receivables	8.98B	9.53B	9.86B	9.73B	10.4B
Total Receivables	55.59B	55.38B	58.66B	58.43B	60.92B
Inventory	10.01B	10.1B	11.24B	11.75B	13.12B
Other Current Assets, Total	836M	560M	672M	625M	772M
Total Current Assets	82.8B	84B	90.58B	91.18B	94.7B
Net Property Plant And Equipment	8.85B	8.6B	8.45B	8.26B	8.44B
Long-term Investments	12.11B	11.49B	11.12B	10.94B	13.38B
Other Intangibles, Total	231M	219M	1.32B	1.22B	1.16B
Other Long-Term Assets, Total	3M	1M	3M	2M	2M
Total Assets	104B	104B	111B	112B	118B
Liabilities
Accounts Payable, Total	67.11B	67.56B	73.39B	72.88B	76.11B
Accrued Expenses, Total	255M	193M	295M	328M	357M
Current Income Taxes Payable	4.83B	4.77B	5.28B	5.23B	5.65B
Other Current Liabilities	525M	680M	737M	891M	721M
Total Current Liabilities	72.72B	73.21B	79.71B	79.32B	82.84B
Pension & Other Post Retirement Benefits	2M	-	10M	9M	6M
Deferred Tax Liability Non Current	1.68B	1.51B	1.31B	1.22B	1.63B
Other Non Current Liabilities	1.38B	1.46B	1.9B	1.7B	1.8B
Total Liabilities	75.79B	76.18B	82.92B	82.26B	86.27B
Common Stock, Total	1.6B	1.6B	1.6B	1.6B	1.6B
Additional Paid In Capital	6.05B	6.05B	6.05B	6.05B	6.05B
Retained Earnings	16.4B	16.7B	17.49B	18.48B	20.13B
Treasury Stock	-	-	-	-	-390M
Comprehensive Income and Other	4.15B	3.79B	3.4B	3.2B	4.01B
Total Common Equity	28.2B	28.14B	28.54B	29.33B	31.41B
Total Equity	28.2B	28.14B	28.54B	29.33B	31.41B
Total Liabilities And Equity	104B	104B	111B	112B	118B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.46M	8.78M	8.78M	8.56M	8.56M
ECS Total Common Shares Outstanding	7.46M	8.78M	8.78M	8.78M	8.56M
Book Value / Share	3.78K	3.2K	3.25K	3.34K	3.67K
Tangible Book Value	27.97B	27.92B	27.22B	28.11B	30.25B
Tangible Book Value Per Share	3.75K	3.18K	3.1K	3.2K	3.54K
Total Debt	0	0	0	0	0
Net Debt	-16.36B	-17.96B	-20B	-20.37B	-19.88B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-486M	-519M	-632M	-543M	-616M
Debt Equivalent Oper. Leases	2.9B	-	-	-	-
Inventories - Raw Materials, Total	56M	55M	54M	51M	63M
Inventories - Finished Goods, Total	9.96B	10.05B	11.18B	11.7B	13.06B
Full Time Employees	590	570	710	704	742
Accumulated Allowance for Doubtful Accounts (Supple)	2M	2M	7M	5M	2M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.02B	987M	1.6B	1.91B	2.84B
Depreciation & Amortization - CF	465M	462M	493M	517M	602M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	86M	108M	109M
Depreciation & Amortization, Total	465M	462M	579M	625M	711M
(Gain) Loss From Sale Of Asset	-20M	228M	59M	-5M	10M
(Gain) Loss on Sale of Investments - (CF)	56.8M	-71M	-73M	-28M	-34M
Other Operating Activities, Total	-497M	174M	-347M	-350M	-531M
Change In Accounts Receivable	-5.86B	755M	-2.39B	99M	-1.81B
Change In Inventories	-2.87B	-91M	-1.06B	-514M	-1.37B
Change In Accounts Payable	8.37B	161M	5.51B	-175M	3.46B
Change in Other Net Operating Assets	-1.66B	-561M	-696M	-224M	-746M
Cash from Operations	4M	2.04B	3.18B	1.34B	2.52B
Capital Expenditure	-188M	-320M	-521M	-322M	-718M
Sale of Property, Plant, and Equipment	406M	60M	199M	20M	-
Cash Acquisitions	-	-	-359M	-	-
Investment in Marketable and Equity Securities, Total	-461M	-294M	51M	-18M	711M
Other Investing Activities, Total	-29.6M	60M	17M	-103M	-1.07B
Cash from Investing	-272M	-494M	-613M	-423M	-1.08B
Long-Term Debt Repaid, Total	-	-	-134M	-156M	-123M
Total Debt Repaid	-	-	-134M	-156M	-123M
Repurchase of Common Stock	-	-	-	-	-390M
Common & Preferred Stock Dividends Paid	-131M	-351M	-263M	-281M	-303M
Common & Preferred Stock Dividends Paid	-131M	-351M	-263M	-281M	-303M
Other Financing Activities, Total	-101M	-105M	-118M	-113M	-116M
Cash from Financing	-232M	-456M	-515M	-550M	-932M
Miscellaneous Cash Flow Adjustments	4.89B	-	-2M	-1M	-2M
Net Change in Cash	4.39B	1.09B	2.04B	363M	509M
Supplemental Items
Cash Interest Paid	7.2M	6M	9M	8M	7M
Cash Income Tax Paid (Refund)	697M	41M	543M	549M	726M
Levered Free Cash Flow	-	1.55B	2.75B	695M	1.07B
Unlevered Free Cash Flow	-	1.55B	2.75B	700M	1.07B
Change In Net Working Capital	-	-878M	-1.97B	617M	500M
Net Debt Issued / Repaid	-	-	-134M	-156M	-123M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-	0.51	0.67	0.91	1.38
Return on Total Capital	-	1.88	2.55	3.51	5.2
Return On Equity %	-	2.3	3.71	4.38	6.45
Return on Common Equity	-	2.3	3.71	4.38	6.45
Margin Analysis
Gross Profit Margin %	9.01	8.73	9.14	9.29	9.48
SG&A Margin	8.5	8.43	8.76	8.77	8.71
EBITDA Margin %	0.7	0.46	0.58	0.72	0.99
EBITA Margin %	0.5	0.3	0.42	0.55	0.8
EBIT Margin %	0.5	0.3	0.39	0.52	0.77
Income From Continuing Operations Margin %	0.65	0.23	0.35	0.41	0.6
Net Income Margin %	0.65	0.23	0.35	0.41	0.6
Net Avail. For Common Margin %	0.65	0.23	0.35	0.41	0.6
Normalized Net Income Margin	0.39	0.25	0.3	0.38	0.53
Levered Free Cash Flow Margin	-	0.54	0.92	0.22	0.33
Unlevered Free Cash Flow Margin	-	0.54	0.92	0.22	0.33
Asset Turnover
Asset Turnover	-	2.73	2.76	2.8	2.87
Fixed Assets Turnover	-	32.63	34.97	37.43	39.4
Receivables Turnover (Average Receivables)	-	6.16	6.3	6.41	6.63
Inventory Turnover (Average Inventory)	-	25.84	25.4	24.67	23.93
Short Term Liquidity
Current Ratio	1.14	1.15	1.14	1.15	1.14
Quick Ratio	0.99	1	0.99	0.99	0.98
Operating Cash Flow to Current Liabilities	0	0.03	0.04	0.02	0.03
Days Sales Outstanding (Average Receivables)	-	59.41	57.92	56.91	55.06
Days Outstanding Inventory (Average Inventory)	-	14.16	14.37	14.79	15.25
Average Days Payable Outstanding	-	94.78	94.54	93.96	90.92
Cash Conversion Cycle (Average Days)	-	-21.21	-22.25	-22.25	-20.61
Long Term Solvency
Total Liabilities / Total Assets	72.88	73.03	74.39	73.72	73.31
EBIT / Interest Expense	187.75	141.5	128.33	202.88	361.29
EBITDA / Interest Expense	260.38	218.5	192.67	281	462.86
(EBITDA - Capex) / Interest Expense	231	165.17	134.78	240.75	360.29
Net Debt / EBITDA	-9.82	-13.7	-11.54	-9.06	-6.14
Net Debt / (EBITDA - Capex)	-11.07	-18.12	-16.49	-10.58	-7.88
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	19.67	4.72	4.83	5.18
Gross Profit, 1 Yr. Growth %	-	15.96	9.69	6.53	7.25
EBITDA, 1 Yr. Growth %	-	-21.33	32.27	29.64	44.13
EBITA, 1 Yr. Growth %	-	-29.34	46.17	39.48	52.4
EBIT, 1 Yr. Growth %	-	-29.34	36.04	40.52	55.82
Earnings From Cont. Operations, 1 Yr. Growth %	-	-57.86	62.1	20.53	54.5
Net Income, 1 Yr. Growth %	-	-57.81	62.1	20.53	54.5
Normalized Net Income, 1 Yr. Growth %	-	-23.35	27.5	32.05	46.71
Diluted EPS Before Extra, 1 Yr. Growth %	-	-64.14	62.1	20.53	57.89
Accounts Receivable, 1 Yr. Growth %	-	-1.62	6.43	-0.2	3.73
Inventory, 1 Yr. Growth %	-	0.91	11.22	4.57	11.68
Net Property, Plant and Equip., 1 Yr. Growth %	-	-2.8	-1.78	-2.33	2.2
Total Assets, 1 Yr. Growth %	-	0.31	6.86	0.11	5.45
Tangible Book Value, 1 Yr. Growth %	-	-0.19	-2.49	3.25	7.63
Common Equity, 1 Yr. Growth %	-	-0.23	1.44	2.76	7.08
Cash From Operations, 1 Yr. Growth %	-	51K	55.33	-57.89	88.48
Capital Expenditures, 1 Yr. Growth %	-	70.21	62.81	-38.2	122.98
Levered Free Cash Flow, 1 Yr. Growth %	-	-	77.6	-74.69	53.77
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	77.53	-74.56	53.29
Dividend Per Share, 1 Yr. Growth %	-	-	0	13.33	26.47
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	11.95	4.78	5
Gross Profit, 2 Yr. CAGR %	-	-	12.78	8.1	6.89
EBITDA, 2 Yr. CAGR %	-	-	2.01	30.95	36.69
EBITA, 2 Yr. CAGR %	-	-	1.63	42.79	45.8
EBIT, 2 Yr. CAGR %	-	-	-1.96	38.26	47.97
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-17.35	39.78	36.46
Net Income, 2 Yr. CAGR %	-	-	-17.31	39.78	36.46
Normalized Net Income, 2 Yr. CAGR %	-	-	-1.14	29.76	39.19
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-23.76	39.78	37.95
Accounts Receivable, 2 Yr. CAGR %	-	-	2.33	3.06	1.74
Inventory, 2 Yr. CAGR %	-	-	5.94	7.85	8.07
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-2.29	-2.05	-0.09
Total Assets, 2 Yr. CAGR %	-	-	3.53	3.43	2.75
Tangible Book Value, 2 Yr. CAGR %	-	-	-1.35	0.34	5.41
Common Equity, 2 Yr. CAGR %	-	-	0.6	2.1	4.9
Cash From Operations, 2 Yr. CAGR %	-	-	2.72K	-19.12	-10.91
Capital Expenditures, 2 Yr. CAGR %	-	-	66.47	0.31	17.39
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-32.95	-37.61
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-32.79	-37.55
Dividend Per Share, 2 Yr. CAGR %	-	-	-	6.46	19.72
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	9.52	4.91
Gross Profit, 3 Yr. CAGR %	-	-	-	10.66	7.82
EBITDA, 3 Yr. CAGR %	-	-	-	10.49	35.2
EBITA, 3 Yr. CAGR %	-	-	-	12.94	45.92
EBIT, 3 Yr. CAGR %	-	-	-	10.54	43.88
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	-6.27	44.52
Net Income, 3 Yr. CAGR %	-	-	-	-6.24	44.52
Normalized Net Income, 3 Yr. CAGR %	-	-	-	8.87	35.18
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-11.18	45.57
Accounts Receivable, 3 Yr. CAGR %	-	-	-	1.48	3.28
Inventory, 3 Yr. CAGR %	-	-	-	5.48	9.11
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	-2.3	-0.66
Total Assets, 3 Yr. CAGR %	-	-	-	2.38	4.1
Tangible Book Value, 3 Yr. CAGR %	-	-	-	0.16	2.71
Common Equity, 3 Yr. CAGR %	-	-	-	1.31	3.73
Cash From Operations, 3 Yr. CAGR %	-	-	-	594	7.23
Capital Expenditures, 3 Yr. CAGR %	-	-	-	19.65	30.92
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	-11.58
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	-11.53
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	12.75