Income Statement Hakuhodo DY Holdings Inc

Stocks

2433

JP3766550002

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Delayed Japan Exchange Other stock markets 07:30:00 15/07/2026 BST			5-day change	1st Jan Change
1,222.00 ^JPY	-0.57%		-0.69%	+4.76%

02-10	Tranche Update on Hakuhodo DY Holdings Inc's Equity Buyback Plan announced on May 13, 2025.	CI
02-08	Hakuhodo DY Holdings Inc's Equity Buyback announced on May 13, 2025, has closed with 8,656,800 shares, representing 2.36% for ¥10,000 million.	CI

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Published financial data: HAKUHODO DY HOLDINGS INC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	895B	991B	947B	953B	861B
Total Revenues	895B	991B	947B	953B	861B
Cost of Goods Sold, Total	508B	588B	553B	554B	455B
Gross Profit	387B	404B	394B	400B	406B
Selling General & Admin Expenses, Total	305B	335B	347B	349B	351B
Provision for Bad Debts	-63M	-120M	95M	128M	221M
Amortization of Goodwill and Intangible Assets - (IS)	10.05B	13.03B	12.62B	12.58B	10.26B
Other Operating Expenses, Total	315B	348B	360B	362B	361B
Operating Income	71.64B	55.41B	34.29B	37.58B	44.68B
Interest Expense, Total	-665M	-670M	-1.14B	-1.3B	-1.56B
Interest And Investment Income	2.58B	2.66B	2.76B	4.02B	2.72B
Net Interest Expenses	1.91B	1.99B	1.62B	2.73B	1.16B
Income (Loss) On Equity Invest.	2.61B	-194M	-2.07B	-1.35B	-1.14B
Currency Exchange Gains (Loss)	551M	944M	1.36B	-624M	1.43B
Other Non Operating Income (Expenses)	-976M	2.23B	2.61B	4.32B	-72M
EBT, Excl. Unusual Items	75.74B	60.38B	37.82B	42.66B	46.06B
Gain (Loss) On Sale Of Investments	23.28B	1.9B	21.08B	1.16B	194M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-325M	-1.49B	-2.11B	-6.24B	-2.35B
Other Unusual Items	-3.99B	-1.58B	-5.45B	-6.24B	-6.17B
EBT, Incl. Unusual Items	94.71B	59.21B	51.33B	31.34B	37.74B
Income Tax Expense	35.85B	25.72B	24.54B	18.96B	20.1B
Earnings From Continuing Operations	58.86B	33.49B	26.79B	12.38B	17.64B
Net Income to Company	58.86B	33.49B	26.79B	12.38B	17.64B
Minority Interest	-3.68B	-2.48B	-1.87B	-1.61B	-865M
Net Income - (IS)	55.18B	31.01B	24.92B	10.77B	16.78B
Net Income to Common Incl Extra Items	55.18B	31.01B	24.92B	10.77B	16.78B
Net Income to Common Excl. Extra Items	55.18B	31.01B	24.92B	10.77B	16.78B
Per Share Items
Net EPS - Basic	147.7	83.16	67.87	29.32	46.09
Basic EPS - Continuing Operations	147.7	83.16	67.87	29.32	46.09
Basic Weighted Average Shares Outstanding	374M	373M	367M	367M	364M
Net EPS - Diluted	147.68	83.16	67.86	29.31	46.08
Diluted EPS - Continuing Operations	147.68	83.16	67.86	29.31	46.08
Diluted Weighted Average Shares Outstanding	374M	373M	367M	367M	364M
Normalized Basic EPS	116.85	94.56	59.27	68.2	76.72
Normalized Diluted EPS	116.84	94.56	59.27	68.2	76.7
Dividend Per Share	32	32	32	32	-
Payout Ratio	20.3	39.75	47.22	109.07	69.9
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	90.98B	79.95B	60.22B	63.93B	69.2B
EBITA	81.69B	68.44B	46.91B	50.17B	54.94B
EBIT	71.64B	55.41B	34.29B	37.58B	44.68B
Effective Tax Rate - (Ratio)	37.85	43.45	47.81	60.49	53.26
Normalized Net Income	43.65B	35.26B	21.77B	25.05B	27.92B
Non-Cash Pension Expense	-888M	-479M	228M	-20M	5.7B

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	184B	163B	185B	212B	239B
Short Term Investments	28.54B	16.43B	11.51B	10.98B	6.68B
Total Cash And Short Term Investments	213B	179B	196B	222B	246B
Accounts Receivable, Total	438B	410B	401B	413B	424B
Notes Receivable	720M	383M	506M	799M	840M
Total Receivables	438B	411B	402B	413B	425B
Inventory	46.2B	27B	41.25B	28.46B	22.6B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	57.76B	63.54B	51.18B	48.85B	50.07B
Total Current Assets	755B	681B	690B	713B	743B
Net Property Plant And Equipment	37.12B	58.42B	60.97B	57.79B	52.87B
Long-term Investments	178B	172B	177B	166B	181B
Goodwill	45.1B	71.68B	65.08B	57.21B	49.8B
Other Intangibles, Total	27.22B	36.79B	39.41B	42.4B	42.18B
Loans Receivable Long-Term	674M	1.5B	566M	556M	504M
Deferred Tax Assets Long-Term	9.89B	5.42B	1.57B	12.58B	11.47B
Other Long-Term Assets, Total	1M	1M	1M	2M	2M
Total Assets	1,053B	1,026B	1,035B	1,050B	1,081B
Liabilities
Accounts Payable, Total	299B	300B	266B	260B	271B
Accrued Expenses, Total	76.34B	67.96B	58.41B	62.69B	63.9B
Short-term Borrowings	10.75B	8.94B	15.34B	6.88B	7.17B
Current Portion of Long-Term Debt	1.67B	106B	1.17B	585M	22.98B
Current Income Taxes Payable	31.62B	9.68B	12.15B	16.49B	14.05B
Other Current Liabilities	86.59B	72.62B	86.27B	123B	157B
Total Current Liabilities	506B	566B	439B	470B	536B
Long-Term Debt	114B	9.16B	135B	114B	95.32B
Pension & Other Post Retirement Benefits	15.48B	16.69B	16.01B	16.98B	12.38B
Deferred Tax Liability Non Current	14.06B	7.76B	4.2B	8.81B	11.14B
Other Non Current Liabilities	16.44B	37.15B	32.08B	26.8B	23.97B
Total Liabilities	666B	637B	626B	637B	679B
Common Stock, Total	10.79B	10.79B	10.79B	10.79B	10.79B
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	320B	337B	348B	346B	321B
Treasury Stock	-11.37B	-17.92B	-21.04B	-20.77B	-4.86B
Comprehensive Income and Other	38.9B	34.54B	47.43B	54.07B	62.09B
Total Common Equity	358B	364B	385B	390B	389B
Minority Interest	29.34B	25.69B	24.04B	23.3B	13.38B
Total Equity	387B	390B	409B	414B	403B
Total Liabilities And Equity	1,053B	1,026B	1,035B	1,050B	1,081B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	374M	367M	367M	367M	359M
ECS Total Common Shares Outstanding	374M	369M	367M	367M	-
Book Value / Share	958.32	986.65	1.05K	1.06K	1.08K
Tangible Book Value	286B	256B	281B	291B	297B
Tangible Book Value Per Share	764.78	692.74	764.57	791.46	827.61
Total Debt	126B	124B	151B	122B	125B
Net Debt	-86.11B	-55.13B	-44.88B	-101B	-120B
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.56B	8.51B	6.83B	7.83B	912M
Minority Interest, Total (Incl. Fin. Div)	29.34B	25.69B	24.04B	23.3B	13.38B
Full Time Employees	25.52K	27.94K	28.89K	29.39K	28.92K
Accumulated Allowance for Doubtful Accounts (Supple)	754M	719M	740M	668M	1.01B

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	94.71B	59.21B	51.33B	31.34B	37.74B
Depreciation & Amortization - CF	9.29B	11.51B	13.31B	13.77B	14.26B
Amortization of Goodwill and Intangible Assets - (CF)	10.05B	13.03B	12.62B	12.58B	10.26B
Depreciation & Amortization, Total	19.34B	24.54B	25.93B	26.35B	24.52B
(Gain) Loss From Sale Of Asset	325M	735M	1.47B	4.77B	1.08B
(Gain) Loss on Sale of Investments - (CF)	-23.14B	-488M	-21.01B	-202M	51M
(Income) Loss On Equity Investments - (CF)	-2.61B	194M	2.07B	1.35B	1.14B
Other Operating Activities, Total	-30.5B	-54.08B	-13.85B	-20.8B	-25.81B
Change In Accounts Receivable	-64.12B	36.13B	14.27B	-4.83B	-1.68B
Change In Inventories	-26.49B	19.78B	-13.92B	13.26B	5.92B
Change In Accounts Payable	5.69B	-11.03B	-38.55B	-10.12B	-321M
Change in Other Net Operating Assets	47.65B	-36.96B	2.15B	41.33B	25.72B
Cash from Operations	20.85B	38.04B	9.88B	82.45B	68.36B
Capital Expenditure	-5.04B	-7B	-6.74B	-3.88B	-3.39B
Sale of Property, Plant, and Equipment	22M	261M	189M	277M	70M
Cash Acquisitions	-6.64B	-14.02B	-4.41B	-6.03B	6.24B
Divestitures	-17M	1.25B	9M	-381M	-11.52B
Sale (Purchase) of Intangible assets	-5.41B	-10.9B	-10.23B	-12.76B	-8.05B
Investment in Marketable and Equity Securities, Total	26.81B	-4.03B	22.73B	9.53B	2.92B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-469M	-732M	711M	-574M	-193M
Other Investing Activities, Total	-20.55B	2.38B	4.07B	284M	-154M
Cash from Investing	-11.29B	-32.79B	6.33B	-13.53B	-14.09B
Short Term Debt Issued, Total	5.74B	-	4.66B	-	-
Long-Term Debt Issued, Total	13.54B	2.46B	130B	30B	62M
Total Debt Issued	19.28B	2.46B	135B	30B	62M
Short Term Debt Repaid, Total	-	-2.45B	-	-8.24B	-272M
Long-Term Debt Repaid, Total	-10.85B	-4.98B	-110B	-51.53B	-614M
Total Debt Repaid	-10.85B	-7.43B	-110B	-59.77B	-886M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-6.71B	-3.29B	-	-10B
Common Dividends Paid	-11.2B	-12.32B	-11.77B	-11.74B	-11.73B
Common & Preferred Stock Dividends Paid	-11.2B	-12.32B	-11.77B	-11.74B	-11.73B
Other Financing Activities, Total	-5.92B	-4.83B	-8.39B	-4.33B	-8.11B
Cash from Financing	-8.7B	-28.84B	1.1B	-45.85B	-30.66B
Foreign Exchange Rate Adjustments	3.79B	2.41B	3.68B	4.38B	1.94B
Miscellaneous Cash Flow Adjustments	-1M	-432M	1M	-	-
Net Change in Cash	4.65B	-21.62B	20.98B	27.45B	25.56B
Supplemental Items
Cash Interest Paid	664M	655M	1.21B	1.23B	1.57B
Cash Income Tax Paid (Refund)	25.01B	51.92B	10.83B	17.04B	23.36B
Levered Free Cash Flow	8.24B	39.38B	8.29B	75.94B	76.79B
Unlevered Free Cash Flow	8.65B	39.79B	9B	76.75B	77.76B
Change In Net Working Capital	45.02B	1.47B	21.39B	-43.55B	-36.76B
Net Debt Issued / Repaid	8.43B	-4.97B	24.54B	-29.77B	-824M

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	4.49	3.33	2.08	2.25	2.62
Return on Total Capital	9.02	6.74	3.99	4.29	5.25
Return On Equity %	15.71	8.62	6.71	3.01	4.32
Return on Common Equity	16.02	8.59	6.65	2.78	4.3
Margin Analysis
Gross Profit Margin %	43.25	40.72	41.63	41.92	47.16
SG&A Margin	34.13	33.82	36.67	36.64	40.75
EBITDA Margin %	10.16	8.07	6.36	6.71	8.04
EBITA Margin %	9.13	6.91	4.95	5.26	6.38
EBIT Margin %	8	5.59	3.62	3.94	5.19
Income From Continuing Operations Margin %	6.58	3.38	2.83	1.3	2.05
Net Income Margin %	6.16	3.13	2.63	1.13	1.95
Net Avail. For Common Margin %	6.16	3.13	2.63	1.13	1.95
Normalized Net Income Margin	4.88	3.56	2.3	2.63	3.24
Levered Free Cash Flow Margin	0.92	3.97	0.88	7.97	8.92
Unlevered Free Cash Flow Margin	0.97	4.02	0.95	8.05	9.03
Asset Turnover
Asset Turnover	0.9	0.95	0.92	0.91	0.81
Fixed Assets Turnover	24.85	20.75	15.86	16.05	15.56
Receivables Turnover (Average Receivables)	2.24	2.34	2.33	2.34	2.06
Inventory Turnover (Average Inventory)	15.47	16.05	16.19	15.89	17.82
Short Term Liquidity
Current Ratio	1.49	1.2	1.57	1.52	1.39
Quick Ratio	1.29	1.04	1.36	1.35	1.25
Operating Cash Flow to Current Liabilities	0.04	0.07	0.02	0.18	0.13
Days Sales Outstanding (Average Receivables)	162.62	156.15	156.91	155.85	177.3
Days Outstanding Inventory (Average Inventory)	23.59	22.74	22.6	22.98	20.48
Average Days Payable Outstanding	198.04	192.38	182.74	177.32	215.71
Cash Conversion Cycle (Average Days)	-11.83	-13.49	-3.22	1.5	-17.93
Long Term Solvency
Total Debt/Equity	32.63	31.88	36.94	29.38	31.17
Total Debt / Total Capital	24.6	24.17	26.97	22.71	23.77
LT Debt/Equity	29.42	2.35	32.9	27.58	23.68
Long-Term Debt / Total Capital	22.18	1.78	24.03	21.32	18.05
Total Liabilities / Total Assets	63.21	62.02	60.46	60.61	62.77
EBIT / Interest Expense	107.74	82.7	30.1	29	28.62
EBITDA / Interest Expense	136.82	119.33	52.87	49.33	44.33
(EBITDA - Capex) / Interest Expense	129.24	108.88	46.95	46.34	42.16
Total Debt / EBITDA	1.39	1.55	2.51	1.9	1.81
Net Debt / EBITDA	-0.95	-0.69	-0.75	-1.58	-1.74
Total Debt / (EBITDA - Capex)	1.47	1.7	2.83	2.02	1.91
Net Debt / (EBITDA - Capex)	-1	-0.76	-0.84	-1.68	-1.83
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-31.04	10.73	-4.48	0.69	-9.68
Gross Profit, 1 Yr. Growth %	23.59	4.26	-2.33	1.38	1.61
EBITDA, 1 Yr. Growth %	50.68	-12.12	-24.68	6.17	8.24
EBITA, 1 Yr. Growth %	56.17	-16.21	-31.46	6.94	9.51
EBIT, 1 Yr. Growth %	59.09	-22.66	-38.12	9.6	18.88
Earnings From Cont. Operations, 1 Yr. Growth %	102.14	-43.11	-19.99	-53.78	42.46
Net Income, 1 Yr. Growth %	108.39	-43.8	-19.63	-56.8	55.79
Normalized Net Income, 1 Yr. Growth %	53.96	-19.23	-38.27	15.08	11.48
Diluted EPS Before Extra, 1 Yr. Growth %	108.28	-43.69	-18.4	-56.81	57.2
Accounts Receivable, 1 Yr. Growth %	21.59	-6.23	-2.19	2.81	2.69
Inventory, 1 Yr. Growth %	137.52	-41.55	52.76	-31.01	-20.59
Net Property, Plant and Equip., 1 Yr. Growth %	6.33	57.36	4.36	-5.21	-8.52
Total Assets, 1 Yr. Growth %	11.89	-2.53	0.84	1.47	2.95
Tangible Book Value, 1 Yr. Growth %	9.23	-10.54	9.79	3.6	2.19
Common Equity, 1 Yr. Growth %	8.29	1.69	5.78	1.36	-0.32
Cash From Operations, 1 Yr. Growth %	-42.42	82.4	-74.02	734.22	-17.08
Capital Expenditures, 1 Yr. Growth %	5.73	39.05	-3.8	-42.43	-12.5
Levered Free Cash Flow, 1 Yr. Growth %	-80.65	378.05	-78.94	815.97	1.11
Unlevered Free Cash Flow, 1 Yr. Growth %	-79.82	359.92	-77.38	752.54	1.32
Dividend Per Share, 1 Yr. Growth %	6.67	0	0	0	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-21.87	-12.61	2.85	-1.93	-4.64
Gross Profit, 2 Yr. CAGR %	7.9	13.51	0.91	-0.49	1.49
EBITDA, 2 Yr. CAGR %	14.36	15.07	-18.64	-10.58	7.2
EBITA, 2 Yr. CAGR %	14.74	14.39	-24.22	-14.39	8.21
EBIT, 2 Yr. CAGR %	14.16	10.92	-30.82	-17.64	14.15
Earnings From Cont. Operations, 2 Yr. CAGR %	11.87	7.23	-32.53	-39.19	-18.86
Net Income, 2 Yr. CAGR %	10.87	8.22	-32.79	-41.07	-17.96
Normalized Net Income, 2 Yr. CAGR %	13.03	11.52	-29.39	-15.72	13.26
Diluted EPS Before Extra, 2 Yr. CAGR %	10.8	8.3	-32.21	-40.63	-17.6
Accounts Receivable, 2 Yr. CAGR %	10.8	6.78	-4.23	0.28	2.75
Inventory, 2 Yr. CAGR %	83.82	17.82	-5.51	2.66	-25.98
Net Property, Plant and Equip., 2 Yr. CAGR %	4.3	29.35	28.15	-0.54	-6.88
Total Assets, 2 Yr. CAGR %	10.66	4.43	-0.86	1.15	2.2
Tangible Book Value, 2 Yr. CAGR %	9.8	-1.15	-0.89	6.65	2.89
Common Equity, 2 Yr. CAGR %	11.23	4.94	3.71	3.54	0.51
Cash From Operations, 2 Yr. CAGR %	-12.71	2.49	-31.16	47.23	163
Capital Expenditures, 2 Yr. CAGR %	-8.65	21.25	15.66	-25.58	-29.03
Levered Free Cash Flow, 2 Yr. CAGR %	-37.92	-3.83	0.33	38.87	204.33
Unlevered Free Cash Flow, 2 Yr. CAGR %	-36.86	-3.66	2	38.88	193.9
Dividend Per Share, 2 Yr. CAGR %	3.28	3.28	0	0	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-14.77	-12.24	-9.98	2.12	-4.58
Gross Profit, 3 Yr. CAGR %	6.01	6.67	7.96	1.07	0.2
EBITDA, 3 Yr. CAGR %	5.53	4.74	-0.09	-11.1	-4.7
EBITA, 3 Yr. CAGR %	5.12	3.33	-3.56	-15	-7.07
EBIT, 3 Yr. CAGR %	3.09	0.27	-8.69	-19.35	-6.93
Earnings From Cont. Operations, 3 Yr. CAGR %	2.24	-10.71	-2.74	-40.53	-19.24
Net Income, 3 Yr. CAGR %	5.19	-11.6	-2	-42	-18.52
Normalized Net Income, 3 Yr. CAGR %	7.31	1.05	-8.44	-16.9	-7.48
Diluted EPS Before Extra, 3 Yr. CAGR %	5.2	-11.58	-1.45	-41.67	-17.86
Accounts Receivable, 3 Yr. CAGR %	6.19	4.8	3.7	-1.94	1.08
Inventory, 3 Yr. CAGR %	35.25	25.46	28.48	-14.91	-5.76
Net Property, Plant and Equip., 3 Yr. CAGR %	1.37	19.62	20.42	15.9	-3.27
Total Assets, 3 Yr. CAGR %	5.16	6.08	3.22	-0.09	1.75
Tangible Book Value, 3 Yr. CAGR %	7.74	2.55	2.37	0.58	5.14
Common Equity, 3 Yr. CAGR %	8.19	7.95	5.22	2.92	2.24
Cash From Operations, 3 Yr. CAGR %	-26.96	11.6	-35.13	58.13	21.58
Capital Expenditures, 3 Yr. CAGR %	-1.77	5.08	12.25	-8.34	-21.45
Levered Free Cash Flow, 3 Yr. CAGR %	-48.66	22.59	-42.04	109.69	24.93
Unlevered Free Cash Flow, 3 Yr. CAGR %	-47.88	22.4	-40.56	107	25.02
Dividend Per Share, 3 Yr. CAGR %	4.55	2.17	2.17	0	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-6.54	-5.78	-8.12	-8.25	-7.88
Gross Profit, 5 Yr. CAGR %	9.26	8.18	3.94	3.74	5.33
EBITDA, 5 Yr. CAGR %	10.76	5.79	-4.9	-1.68	2.76
EBITA, 5 Yr. CAGR %	10.38	4.41	-7.78	-4.16	0.98
EBIT, 5 Yr. CAGR %	8.68	1.21	-12.11	-7.32	-0.16
Earnings From Cont. Operations, 5 Yr. CAGR %	16.48	0.18	-13.42	-23.43	-9.54
Net Income, 5 Yr. CAGR %	16.35	0.78	-12.07	-24.84	-8.72
Normalized Net Income, 5 Yr. CAGR %	10.2	2.86	-9.23	-6.02	-0.31
Diluted EPS Before Extra, 5 Yr. CAGR %	16.29	0.82	-11.76	-24.6	-8.26
Accounts Receivable, 5 Yr. CAGR %	7.35	4	1.89	2.97	3.32
Inventory, 5 Yr. CAGR %	19.66	5.6	17.18	15.79	3.05
Net Property, Plant and Equip., 5 Yr. CAGR %	4.1	11.8	11.34	11.11	8.65
Total Assets, 5 Yr. CAGR %	7.84	5.11	2.71	4.08	2.81
Tangible Book Value, 5 Yr. CAGR %	0.7	-3.16	4.2	4.17	2.58
Common Equity, 5 Yr. CAGR %	3.26	1.17	6.38	6.17	3.31
Cash From Operations, 5 Yr. CAGR %	5.06	3.28	-28.67	24.68	13.55
Capital Expenditures, 5 Yr. CAGR %	11.48	18.98	4.86	-8.46	-6.56
Levered Free Cash Flow, 5 Yr. CAGR %	-6.74	4.86	-32.88	28.86	12.52
Unlevered Free Cash Flow, 5 Yr. CAGR %	-5.98	5.01	-31.82	28.74	12.65
Dividend Per Share, 5 Yr. CAGR %	5.92	4.24	2.71	1.3	-