Income Statement Ceres Inc.

Stocks

3696

JP3423570005

Internet Services

Delayed Japan Exchange Other stock markets 07:30:00 13/07/2026 BST			5-day change	1st Jan Change
2,133.00 ^JPY	-1.07%		+1.38%	+9.62%

06-30	Ceres Inc. Establishes Apollo Capital Contents I Investment Limited Partnership as Specified Subsidiary	CI
06-25	SBI Signs Agreement to Acquire Crypto Exchange Bitbank in Japan	MT

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Published financial data: CERES INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	23.4B	20.54B	24.07B	27.71B	29.66B
Total Revenues	23.4B	20.54B	24.07B	27.71B	29.66B
Cost of Goods Sold, Total	15.63B	12.47B	13.48B	14.37B	16.64B
Gross Profit	7.77B	8.06B	10.59B	13.34B	13.02B
Selling General & Admin Expenses, Total	5.36B	6.62B	9.21B	10.71B	9.98B
Provision for Bad Debts	1M	15M	49M	192M	415M
Amortization of Goodwill and Intangible Assets - (IS)	111M	183M	205M	205M	238M
Other Operating Expenses	-	-	-	-	53M
Other Operating Expenses, Total	5.47B	6.82B	9.47B	11.11B	10.68B
Operating Income	2.3B	1.25B	1.12B	2.23B	2.33B
Interest Expense, Total	-14M	-20M	-25M	-40M	-66M
Interest And Investment Income	7M	-	-	20M	37M
Net Interest Expenses	-7M	-20M	-25M	-20M	-29M
Income (Loss) On Equity Invest.	963M	-489M	78M	472M	-198M
Other Non Operating Income (Expenses)	21M	-60M	45M	-4M	-3M
EBT, Excl. Unusual Items	3.28B	678M	1.22B	2.68B	2.1B
Gain (Loss) On Sale Of Investments	894M	-1M	-	-56M	2.69B
Gain (Loss) On Sale Of Assets	152M	-	-	-	-
Asset Writedown	-333M	-	-343M	-223M	-158M
Other Unusual Items	10M	43M	-44M	-14M	-19M
EBT, Incl. Unusual Items	4B	720M	829M	2.38B	4.62B
Income Tax Expense	1.06B	606M	332M	855M	1.99B
Earnings From Continuing Operations	2.94B	114M	497M	1.53B	2.63B
Net Income to Company	2.94B	114M	497M	1.53B	2.63B
Minority Interest	-168M	-68M	-46M	-48M	-129M
Net Income - (IS)	2.78B	46M	451M	1.48B	2.5B
Net Income to Common Incl Extra Items	2.78B	46M	451M	1.48B	2.5B
Net Income to Common Excl. Extra Items	2.78B	46M	451M	1.48B	2.5B
Per Share Items
Net EPS - Basic	251.72	4.07	39.55	128.88	216.59
Basic EPS - Continuing Operations	251.72	4.07	39.55	128.88	216.59
Basic Weighted Average Shares Outstanding	11.02M	11.3M	11.4M	11.48M	11.53M
Net EPS - Diluted	243.3	4.07	39.55	128.88	216.59
Diluted EPS - Continuing Operations	243.3	4.07	39.55	128.88	216.59
Diluted Weighted Average Shares Outstanding	11.41M	11.34M	11.4M	11.48M	11.53M
Normalized Basic EPS	170.83	31.48	62.62	141.47	102.87
Normalized Diluted EPS	165.09	31.38	62.62	141.47	102.87
Dividend Per Share	40	20	20	40	60
Payout Ratio	7.1	973.91	50.33	15.41	27.63
Supplemental Items
EBITDA	2.6B	1.62B	1.6B	2.68B	2.83B
EBITA	2.42B	1.43B	1.32B	2.43B	2.57B
EBIT	2.3B	1.25B	1.12B	2.23B	2.33B
Effective Tax Rate - (Ratio)	26.52	84.17	40.05	35.88	43.15
Normalized Net Income	1.88B	356M	714M	1.62B	1.19B
Supplemental Operating Expense Items
Advertising Expense	2.4B	2.91B	4.39B	4.86B	3.61B
Selling and Marketing Expenses	2.4B	2.91B	4.39B	4.86B	3.61B

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	6.84B	6.55B	8.11B	11.57B	13.08B
Total Cash And Short Term Investments	6.84B	6.55B	8.11B	11.57B	13.08B
Accounts Receivable, Total	5.17B	6.27B	6.58B	6.25B	6.11B
Total Receivables	5.17B	6.27B	6.58B	6.25B	6.11B
Inventory	247M	460M	554M	2.05B	1.69B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	908M	1.13B	2.34B	3.98B	4.91B
Total Current Assets	13.16B	14.41B	17.59B	23.85B	25.78B
Net Property Plant And Equipment	261M	263M	361M	779M	764M
Long-term Investments	4.8B	4.68B	4.8B	5.22B	5.66B
Goodwill	1.03B	1.74B	1.54B	1.33B	2.2B
Other Intangibles, Total	144M	386M	192M	156M	813M
Deferred Tax Assets Long-Term	835M	1.11B	1.44B	1.64B	2.29B
Other Long-Term Assets, Total	-	2M	3M	2M	2M
Total Assets	20.23B	22.6B	25.92B	32.98B	37.5B
Liabilities
Accounts Payable, Total	934M	832M	783M	865M	1.04B
Accrued Expenses, Total	50M	30M	30M	65M	100M
Short-term Borrowings	1.85B	2.45B	3.41B	4.43B	4.74B
Current Portion of Long-Term Debt	994M	1.26B	1.64B	2B	1.93B
Current Portion of Leases	2M	-	-	-	-
Current Income Taxes Payable	1.64B	1.34B	1.43B	1.89B	1.93B
Other Current Liabilities	3.46B	4.64B	6.16B	7.61B	10.68B
Total Current Liabilities	8.92B	10.56B	13.45B	16.85B	20.42B
Long-Term Debt	1.37B	2.17B	2.31B	3.09B	2.75B
Long-Term Leases	-	-	-	-	-
Other Non Current Liabilities	123M	172M	106M	315M	376M
Total Liabilities	10.42B	12.9B	15.87B	20.26B	23.54B
Common Stock, Total	1.94B	2.02B	2.05B	2.12B	2.16B
Additional Paid In Capital	2.46B	2.55B	2.57B	3.27B	3.44B
Retained Earnings	4.9B	4.5B	4.72B	5.97B	7.78B
Treasury Stock	-307M	-307M	-307M	-307M	-307M
Comprehensive Income and Other	73M	121M	159M	91M	228M
Total Common Equity	9.07B	8.88B	9.18B	11.15B	13.3B
Minority Interest	744M	813M	860M	1.57B	664M
Total Equity	9.82B	9.7B	10.04B	12.72B	13.96B
Total Liabilities And Equity	20.23B	22.6B	25.92B	32.98B	37.5B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	11.25M	11.39M	11.41M	11.51M	11.54M
ECS Total Common Shares Outstanding	11.24M	11.39M	11.41M	11.51M	11.54M
Book Value / Share	807.48	779.89	804.68	968.43	1.15K
Tangible Book Value	7.9B	6.75B	7.46B	9.66B	10.29B
Tangible Book Value Per Share	702.65	592.95	653.19	839.24	891.5
Total Debt	4.22B	5.88B	7.36B	9.51B	9.42B
Net Debt	-2.63B	-662M	-750M	-2.06B	-3.66B
Minority Interest, Total (Incl. Fin. Div)	744M	813M	860M	1.57B	664M
Equity Method Investments, Total	3.6B	3.12B	3.19B	3.6B	3.92B
Inventories - Raw Materials, Total	157M	127M	93M	66M	59M
Inventories - Work In Process, Total	57M	125M	76M	129M	-
Inventories - Finished Goods, Total	32M	208M	384M	1.86B	1.63B
Inventories - Others	1M	-	1M	1M	-
Full Time Employees	431	498	615	669	351
Accumulated Allowance for Doubtful Accounts (Supple)	-	16M	38M	181M	332M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	4.01B	721M	830M	2.38B	4.62B
Depreciation & Amortization - CF	184M	190M	272M	250M	255M
Amortization of Goodwill and Intangible Assets - (CF)	111M	183M	205M	205M	238M
Depreciation & Amortization, Total	295M	373M	477M	455M	493M
(Gain) Loss From Sale Of Asset	352M	-	343M	223M	158M
(Gain) Loss on Sale of Investments - (CF)	27M	-	-	-16M	-2.76B
(Income) Loss On Equity Investments - (CF)	-963M	489M	-78M	-472M	198M
Other Operating Activities, Total	-930M	-1.36B	-814M	-519M	-1.13B
Change In Accounts Receivable	-733M	-1.05B	-319M	19M	-1.05B
Change In Inventories	18M	-212M	-93M	-1.5B	361M
Change In Accounts Payable	-282M	121M	20M	99M	251M
Change in Other Net Operating Assets	-628M	1.02B	695M	45M	535M
Cash from Operations	1.16B	101M	1.06B	722M	1.67B
Capital Expenditure	-73M	-123M	-269M	-325M	-217M
Cash Acquisitions	-591M	-884M	-	-	-760M
Divestitures	-	-	-	16M	2.16B
Sale (Purchase) of Intangible assets	-105M	-292M	-234M	-292M	-269M
Investment in Marketable and Equity Securities, Total	-410M	-290M	-106M	-127M	-39M
Other Investing Activities, Total	392M	-96M	-129M	210M	-130M
Cash from Investing	-787M	-1.68B	-738M	-518M	743M
Short Term Debt Issued, Total	550M	600M	963M	1.02B	209M
Long-Term Debt Issued, Total	1.05B	2.4B	2.05B	3.1B	1.6B
Total Debt Issued	1.6B	3B	3.01B	4.12B	1.81B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-1.12B	-1.46B	-1.55B	-2.02B	-2.18B
Total Debt Repaid	-1.12B	-1.46B	-1.55B	-2.02B	-2.18B
Issuance of Common Stock	132M	104M	-	112M	-
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-197M	-448M	-227M	-228M	-690M
Common & Preferred Stock Dividends Paid	-197M	-448M	-227M	-228M	-690M
Other Financing Activities, Total	-3M	-3M	-1M	1.29B	237M
Cash from Financing	408M	1.19B	1.23B	3.27B	-820M
Miscellaneous Cash Flow Adjustments	2M	2M	3M	-1M	-
Net Change in Cash	785M	-391M	1.56B	3.47B	1.59B
Supplemental Items
Cash Interest Paid	15M	21M	25M	54M	90M
Cash Income Tax Paid (Refund)	931M	1.36B	811M	516M	1.13B
Levered Free Cash Flow	1.54B	-53.12M	607M	430M	4.32B
Unlevered Free Cash Flow	1.55B	-40.62M	623M	454M	4.36B
Change In Net Working Capital	9M	778M	50M	776M	-2.9B
Net Debt Issued / Repaid	476M	1.54B	1.46B	2.1B	-367M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	7.9	3.64	2.88	4.73	4.14
Return on Total Capital	11.55	5.26	4.24	7.03	6.4
Return On Equity %	34.81	1.17	5.04	13.43	19.68
Return on Common Equity	35.6	0.51	4.99	14.56	20.43
Margin Analysis
Gross Profit Margin %	33.21	39.26	43.98	48.13	43.88
SG&A Margin	22.88	32.23	38.28	38.66	33.63
EBITDA Margin %	11.11	7.89	6.63	9.68	9.53
EBITA Margin %	10.32	6.96	5.5	8.78	8.67
EBIT Margin %	9.85	6.07	4.64	8.04	7.87
Income From Continuing Operations Margin %	12.58	0.56	2.06	5.52	8.85
Net Income Margin %	11.86	0.22	1.87	5.34	8.42
Net Avail. For Common Margin %	11.86	0.22	1.87	5.34	8.42
Normalized Net Income Margin	8.05	1.73	2.97	5.86	4
Levered Free Cash Flow Margin	6.58	-0.26	2.52	1.55	14.57
Unlevered Free Cash Flow Margin	6.62	-0.2	2.59	1.64	14.71
Asset Turnover
Asset Turnover	1.28	0.96	0.99	0.94	0.84
Fixed Assets Turnover	84.03	78.38	77.15	48.61	38.44
Receivables Turnover (Average Receivables)	4.8	3.59	3.75	4.32	4.8
Inventory Turnover (Average Inventory)	61.9	35.28	26.6	11.03	8.91
Short Term Liquidity
Current Ratio	1.48	1.37	1.31	1.42	1.26
Quick Ratio	1.35	1.21	1.09	1.06	0.94
Operating Cash Flow to Current Liabilities	0.13	0.01	0.08	0.04	0.08
Days Sales Outstanding (Average Receivables)	76.03	101.66	97.46	84.73	76.02
Days Outstanding Inventory (Average Inventory)	5.9	10.34	13.72	33.17	40.98
Average Days Payable Outstanding	22.88	25.41	21.71	19.01	21.38
Cash Conversion Cycle (Average Days)	59.05	86.6	89.48	98.9	95.62
Long Term Solvency
Total Debt/Equity	42.93	60.7	73.3	74.79	67.43
Total Debt / Total Capital	30.04	37.77	42.3	42.79	40.27
LT Debt/Equity	13.94	22.4	23.04	24.29	19.68
Long-Term Debt / Total Capital	9.76	13.94	13.29	13.9	11.76
Total Liabilities / Total Assets	51.48	57.1	61.24	61.43	62.77
EBIT / Interest Expense	164.64	62.35	44.72	55.7	35.36
EBITDA / Interest Expense	185.71	81	63.8	67.08	42.83
(EBITDA - Capex) / Interest Expense	180.5	74.85	53.04	58.95	39.55
Total Debt / EBITDA	1.62	3.63	4.62	3.55	3.33
Net Debt / EBITDA	-1.01	-0.41	-0.47	-0.77	-1.3
Total Debt / (EBITDA - Capex)	1.67	3.93	5.55	4.03	3.61
Net Debt / (EBITDA - Capex)	-1.04	-0.44	-0.57	-0.87	-1.4
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	15.78	-12.25	17.21	15.11	7.05
Gross Profit, 1 Yr. Growth %	24.43	3.74	31.29	25.97	-2.39
EBITDA, 1 Yr. Growth %	48.57	-37.69	-1.54	68.21	5.37
EBITA, 1 Yr. Growth %	48.4	-40.81	-7.48	83.9	5.71
EBIT, 1 Yr. Growth %	53.97	-45.9	-10.34	99.28	4.76
Earnings From Cont. Operations, 1 Yr. Growth %	247.87	-96.13	335.96	207.44	71.86
Net Income, 1 Yr. Growth %	272.98	-98.34	880.43	228.16	68.72
Normalized Net Income, 1 Yr. Growth %	90.97	-81.11	100.7	127.52	-26.99
Diluted EPS Before Extra, 1 Yr. Growth %	268.41	-98.33	871.58	225.85	68.05
Accounts Receivable, 1 Yr. Growth %	12.72	21.43	4.91	-5.08	-2.23
Inventory, 1 Yr. Growth %	-4.26	86.23	20.43	270.22	-17.8
Net Property, Plant and Equip., 1 Yr. Growth %	-11.82	0.77	37.26	115.79	-1.93
Total Assets, 1 Yr. Growth %	24.69	11.68	14.68	27.25	13.73
Tangible Book Value, 1 Yr. Growth %	54.25	-14.48	10.4	29.58	6.49
Common Equity, 1 Yr. Growth %	39.3	-2.12	3.4	21.37	19.3
Cash From Operations, 1 Yr. Growth %	-48.54	-91.31	950.5	-31.95	131.3
Capital Expenditures, 1 Yr. Growth %	82.5	68.49	118.7	20.82	-33.23
Levered Free Cash Flow, 1 Yr. Growth %	-11.86	-103.45	-1.24K	-29.26	906.4
Unlevered Free Cash Flow, 1 Yr. Growth %	-11.74	-102.62	-1.63K	-27.02	860.12
Dividend Per Share, 1 Yr. Growth %	122.22	-50	0	100	50
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	19.06	0.8	1.42	16.15	11.01
Gross Profit, 2 Yr. CAGR %	23.53	13.62	16.71	28.6	10.88
EBITDA, 2 Yr. CAGR %	50.23	-3.79	-21.68	28.69	33.13
EBITA, 2 Yr. CAGR %	52.93	-6.28	-26	30.44	39.43
EBIT, 2 Yr. CAGR %	61.84	-8.73	-30.36	33.67	44.49
Earnings From Cont. Operations, 2 Yr. CAGR %	355.25	-63.29	-58.91	266.11	129.86
Net Income, 2 Yr. CAGR %	512.37	-75.14	-59.69	467.22	135.3
Normalized Net Income, 2 Yr. CAGR %	110.32	-39.94	-38.43	113.69	28.88
Diluted EPS Before Extra, 2 Yr. CAGR %	505.78	-75.17	-59.68	462.67	134.01
Accounts Receivable, 2 Yr. CAGR %	17.59	16.99	12.87	-0.21	-3.66
Inventory, 2 Yr. CAGR %	-0.2	33.53	49.76	111.16	74.45
Net Property, Plant and Equip., 2 Yr. CAGR %	-20.5	-5.74	17.61	72.1	45.48
Total Assets, 2 Yr. CAGR %	25.23	18.01	13.17	20.8	20.3
Tangible Book Value, 2 Yr. CAGR %	28.81	14.86	-2.83	19.6	17.47
Common Equity, 2 Yr. CAGR %	21.9	16.77	0.6	12.03	20.33
Cash From Operations, 2 Yr. CAGR %	22.84	-78.85	-4.44	167.37	25.46
Capital Expenditures, 2 Yr. CAGR %	-46.91	75.36	91.96	62.55	-10.18
Levered Free Cash Flow, 2 Yr. CAGR %	76.42	-82.56	-37.21	184.34	166.83
Unlevered Free Cash Flow, 2 Yr. CAGR %	75.81	-84.78	-36.59	234.48	164.71
Dividend Per Share, 2 Yr. CAGR %	69.03	5.41	-29.29	41.42	73.21
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	29.78	7.54	5.99	5.79	13.04
Gross Profit, 3 Yr. CAGR %	21.66	16.55	19.23	19.72	17.31
EBITDA, 3 Yr. CAGR %	21.27	12.04	-3.04	1.05	20.39
EBITA, 3 Yr. CAGR %	20.73	11.45	-6.68	0.23	21.61
EBIT, 3 Yr. CAGR %	23.29	12.32	-9.27	-1.13	23.24
Earnings From Cont. Operations, 3 Yr. CAGR %	84.71	-7.06	-16.25	-19.63	184.53
Net Income, 3 Yr. CAGR %	92.83	-14.66	-15.37	-18.9	278.63
Normalized Net Income, 3 Yr. CAGR %	52.54	-5.81	-10.2	-4.81	49.39
Diluted EPS Before Extra, 3 Yr. CAGR %	92.27	-15.01	-15.71	-19.09	276.11
Accounts Receivable, 3 Yr. CAGR %	25.13	18.86	12.82	6.54	-0.88
Inventory, 3 Yr. CAGR %	-18	22.87	29.01	102.5	54.18
Net Property, Plant and Equip., 3 Yr. CAGR %	4.46	-13.97	6.84	43.98	42.69
Total Assets, 3 Yr. CAGR %	19.19	20.54	16.89	17.68	18.4
Tangible Book Value, 3 Yr. CAGR %	22.86	12.37	13.35	6.95	15.06
Common Equity, 3 Yr. CAGR %	14.47	13.31	12.13	7.1	14.4
Cash From Operations, 3 Yr. CAGR %	32.9	-49.19	-22.26	-14.67	154.76
Capital Expenditures, 3 Yr. CAGR %	42.93	-21.98	88.75	64.51	20.83
Levered Free Cash Flow, 3 Yr. CAGR %	-	-52.47	-29.7	-34.66	333.32
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-56.72	-29.2	-33.54	375.36
Dividend Per Share, 3 Yr. CAGR %	41.9	12.62	3.57	0	44.22
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	17.59	10.91	7.97
Gross Profit, 5 Yr. CAGR %	-	-	19.65	21.23	15.82
EBITDA, 5 Yr. CAGR %	-	-	1.81	18.42	10.07
EBITA, 5 Yr. CAGR %	-	-	-0.74	18.69	9.58
EBIT, 5 Yr. CAGR %	-	-	-1.89	20.42	9.29
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	1.25	60.83	25.43
Net Income, 5 Yr. CAGR %	-	-	3.11	82.06	27.4
Normalized Net Income, 5 Yr. CAGR %	-	-	6.12	30.71	3.76
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	2.93	81.02	26.81
Accounts Receivable, 5 Yr. CAGR %	-	-	20.07	10.83	5.91
Inventory, 5 Yr. CAGR %	-	-	4.34	52.58	45.56
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	9.53	13.53	20.88
Total Assets, 5 Yr. CAGR %	-	-	16.75	20.64	18.24
Tangible Book Value, 5 Yr. CAGR %	-	-	11.85	15.21	14.98
Common Equity, 5 Yr. CAGR %	-	-	8.71	12.79	15.34
Cash From Operations, 5 Yr. CAGR %	-	-	16.47	-1.28	-5.85
Capital Expenditures, 5 Yr. CAGR %	-	-	60.83	4.64	40.24
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-2.79	19.86
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-1.93	19.99
Dividend Per Share, 5 Yr. CAGR %	-	-	7.39	23.36	27.23