Income Statement KOSAIDO Holdings Co., Ltd.

Stocks

7868

JP3287700003

Personal Services

Market Closed - Japan Exchange Other stock markets 07:30:00 17/07/2026 BST			5-day change	1st Jan Change
510.00 ^JPY	-2.11%		-8.60%	+12.83%

06-29	Kosaido Holdings Board Approves New Share Issue Under Restricted Share Compensation Plan	MT
05-21	Kosaido Holdings Co Ltd - considering various measures to enhance corporate value, including potential sale of Tokyo Hakuzen Co, but no decision has been made	RE

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Published financial data: KOSAIDO HOLDINGS CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	35.36B	36.67B	35.46B	38.3B	36.23B
Total Revenues	35.36B	36.67B	35.46B	38.3B	36.23B
Cost of Goods Sold, Total	24.5B	24.39B	21.99B	22.16B	22.42B
Gross Profit	10.87B	12.28B	13.47B	16.15B	13.8B
Selling General & Admin Expenses, Total	7.14B	8B	8.15B	7.84B	7.06B
Provision for Bad Debts	-	-	-	-	-
Other Operating Expenses, Total	7.14B	8B	8.15B	7.84B	7.06B
Operating Income	3.73B	4.28B	5.32B	8.3B	6.74B
Interest Expense, Total	-277M	-247M	-235M	-304M	-277M
Interest And Investment Income	55M	64M	246M	83M	164M
Net Interest Expenses	-222M	-183M	11M	-221M	-113M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	101M	40M	-24M	-50M	2M
EBT, Excl. Unusual Items	3.61B	4.14B	5.31B	8.03B	6.63B
Gain (Loss) On Sale Of Investments	116M	-71M	930M	36M	-59M
Gain (Loss) On Sale Of Assets	29M	47M	33M	-	416M
Asset Writedown	-17M	-7M	-9M	-609M	-116M
Legal Settlements	-65M	-25M	-	-	-
Other Unusual Items	-45M	-10M	-	-392M	29M
EBT, Incl. Unusual Items	3.63B	4.07B	6.26B	7.07B	6.9B
Income Tax Expense	17M	47M	1.87B	2.54B	2.13B
Earnings From Continuing Operations	3.61B	4.02B	4.4B	4.53B	4.77B
Net Income to Company	3.61B	4.02B	4.4B	4.53B	4.77B
Minority Interest	33M	18M	-60M	-68M	-31M
Net Income - (IS)	3.64B	4.04B	4.34B	4.46B	4.74B
Net Income to Common Incl Extra Items	3.64B	4.04B	4.34B	4.46B	4.74B
Net Income to Common Excl. Extra Items	3.64B	4.04B	4.34B	4.46B	4.74B
Per Share Items
Net EPS - Basic	29.82	28.33	31.66	31.18	34.26
Basic EPS - Continuing Operations	29.82	28.33	31.66	31.18	34.26
Basic Weighted Average Shares Outstanding	122M	143M	137M	143M	138M
Net EPS - Diluted	29.81	27.05	31.66	28.92	32.06
Diluted EPS - Continuing Operations	29.81	27.05	31.66	28.92	32.06
Diluted Weighted Average Shares Outstanding	122M	149M	148M	154M	148M
Normalized Basic EPS	18.73	18.25	23.8	34.6	29.73
Normalized Diluted EPS	18.73	17.42	21.96	32.09	27.82
Dividend Per Share	-	4.25	12.49	12.74	13.34
Payout Ratio	-	5.47	27.24	41.84	38.88
Supplemental Items
EBITDA	6.34B	6.74B	7.67B	10.54B	8.73B
EBITA	3.82B	4.39B	5.42B	8.4B	6.86B
EBIT	3.73B	4.28B	5.32B	8.3B	6.74B
Effective Tax Rate - (Ratio)	0.47	1.15	29.83	35.89	30.87
Normalized Net Income	2.29B	2.6B	3.26B	4.95B	4.11B
Non-Cash Pension Expense	82M	131M	59M	90M	143M
Supplemental Operating Expense Items
Selling and Marketing Expenses	464M	414M	334M	312M	311M
General and Administrative Expenses	230M	296M	307M	257M	224M

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	21.66B	18.7B	18.97B	11.71B	22.42B
Short Term Investments	-	-	4B	4B	-
Total Cash And Short Term Investments	21.66B	18.7B	22.97B	15.71B	22.42B
Accounts Receivable, Total	7.05B	5.73B	5.05B	19.56B	6.2B
Other Receivables	-	-	4.39B	253M	322M
Total Receivables	7.05B	5.73B	9.44B	19.81B	6.53B
Inventory	1B	554M	571M	575M	534M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	1.63B	3.02B	1.58B	1.92B	636M
Total Current Assets	31.35B	28B	34.57B	38.02B	30.12B
Net Property Plant And Equipment	35.82B	35.81B	37.06B	35.21B	37.16B
Long-term Investments	4.98B	5.38B	4.34B	3.42B	3.6B
Other Intangibles, Total	916M	886M	702M	472M	1.05B
Loans Receivable Long-Term	28M	26M	24M	19M	11M
Deferred Tax Assets Long-Term	635M	1.04B	721M	119M	32M
Deferred Charges Long-Term	5M	1M	-	-	-
Other Long-Term Assets, Total	2M	2M	2M	2M	3M
Total Assets	73.74B	71.13B	77.41B	77.26B	71.97B
Liabilities
Accounts Payable, Total	2.45B	1.98B	2.09B	1.69B	1.56B
Accrued Expenses, Total	283M	411M	284M	404M	298M
Short-term Borrowings	5.5B	1.4B	1.4B	6.4B	1.4B
Current Portion of Long-Term Debt	5.74B	6.01B	5.83B	4.71B	4B
Current Income Taxes Payable	2.12B	1.63B	3.75B	2B	2.22B
Other Current Liabilities	1.4B	1.02B	1.22B	1.03B	656M
Total Current Liabilities	17.49B	12.44B	14.57B	16.23B	10.13B
Long-Term Debt	17.06B	15.79B	14.78B	11.38B	10.49B
Long-Term Leases	270M	207M	120M	102M	44M
Pension & Other Post Retirement Benefits	21M	16M	14M	14M	13M
Deferred Tax Liability Non Current	317M	280M	281M	699M	1.2B
Other Non Current Liabilities	1.06B	967M	670M	891M	560M
Total Liabilities	36.22B	29.7B	30.43B	29.32B	22.44B
Common Stock, Total	2.48B	100M	363M	429M	3.26B
Additional Paid In Capital	8.02B	10.4B	11.98B	12B	14.83B
Retained Earnings	26.74B	30.56B	33.69B	36.14B	39.04B
Treasury Stock	-8M	-6M	-13M	-1.6B	-7.86B
Comprehensive Income and Other	191M	199M	712M	789M	115M
Total Common Equity	37.43B	41.26B	46.74B	47.76B	49.38B
Minority Interest	91M	175M	239M	181M	148M
Total Equity	37.52B	41.43B	46.98B	47.94B	49.53B
Total Liabilities And Equity	73.74B	71.13B	77.41B	77.26B	71.97B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	143M	135M	144M	141M	148M
ECS Total Common Shares Outstanding	143M	143M	144M	141M	148M
Book Value / Share	262.38	289.21	324.7	338.13	333.94
Tangible Book Value	36.51B	40.37B	46.04B	47.28B	48.33B
Tangible Book Value Per Share	255.96	283	319.82	334.79	326.86
Total Debt	28.57B	23.4B	22.13B	22.59B	15.93B
Net Debt	6.91B	4.7B	-848M	6.88B	-6.5B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-366M	-297M	-411M	-370M	-404M
Minority Interest, Total (Incl. Fin. Div)	91M	175M	239M	181M	148M
Inventories - Raw Materials, Total	187M	185M	211M	221M	175M
Inventories - Work In Process, Total	716M	279M	234M	233M	232M
Inventories - Finished Goods, Total	100M	90M	126M	121M	127M
Full Time Employees	1.06K	1.1K	1.1K	1.08K	1K
Accumulated Allowance for Doubtful Accounts (Supple)	79M	82M	84M	75M	79M
Order Backlog	8.5B	1.21B	1.17B	1.39B	1.53B

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	3.63B	4.07B	6.27B	7.07B	6.9B
Depreciation & Amortization - CF	2.52B	2.34B	2.25B	2.14B	1.87B
Amortization of Goodwill and Intangible Assets - (CF)	92M	112M	95M	95M	115M
Depreciation & Amortization, Total	2.61B	2.46B	2.35B	2.24B	1.99B
(Gain) Loss From Sale Of Asset	-	-	-	577M	-411M
(Gain) Loss on Sale of Investments - (CF)	-116M	71M	-930M	-30M	-
Other Operating Activities, Total	-600M	-1.15B	148M	-1.66B	-1.61B
Change In Accounts Receivable	-1.42B	1.33B	677M	566M	13.24B
Change In Inventories	-313M	454M	-11M	8M	46M
Change In Accounts Payable	133M	-475M	108M	-422M	-138M
Change in Other Net Operating Assets	-259M	-460M	1.4B	-16.79B	836M
Cash from Operations	3.66B	6.29B	10B	-8.45B	20.85B
Capital Expenditure	-1.01B	-1.87B	-3.02B	-2.28B	-3.3B
Sale of Property, Plant, and Equipment	34M	9M	260M	12M	2.2B
Cash Acquisitions	-510M	-	-	-	-1.89B
Divestitures	-	-	-	1.82B	210M
Investment in Marketable and Equity Securities, Total	1.23B	-251M	-2.8B	489M	3.58B
Net (Increase) Decrease in Loans Originated / Sold - Investing	0	-998M	610M	9M	8M
Other Investing Activities, Total	-442M	-823M	-4.07B	4.03B	-131M
Cash from Investing	-700M	-3.94B	-9.02B	4.09B	676M
Short Term Debt Issued, Total	4.2B	-	-	13B	-
Long-Term Debt Issued, Total	5.4B	4.9B	5.2B	500M	2.1B
Total Debt Issued	9.6B	4.9B	5.2B	13.5B	2.1B
Short Term Debt Repaid, Total	-	-4.1B	-	-	-5.23B
Long-Term Debt Repaid, Total	-6.36B	-5.94B	-6.39B	-12.82B	-4.36B
Total Debt Repaid	-6.36B	-10.04B	-6.39B	-12.82B	-9.6B
Issuance of Common Stock	5.01B	4M	5.24B	103M	4.94B
Repurchase of Common Stock	-2.5B	-1M	-3.48B	-1.59B	-6.26B
Common Dividends Paid	-	-221M	-1.18B	-1.87B	-1.84B
Common & Preferred Stock Dividends Paid	-	-221M	-1.18B	-1.87B	-1.84B
Other Financing Activities, Total	-214M	-40M	-104M	-280M	-148M
Cash from Financing	5.54B	-5.4B	-712M	-2.94B	-10.81B
Foreign Exchange Rate Adjustments	3M	2M	1M	82M	10M
Miscellaneous Cash Flow Adjustments	1M	79M	8M	5M	-
Net Change in Cash	8.5B	-2.96B	279M	-7.22B	10.73B
Supplemental Items
Cash Interest Paid	316M	244M	226M	292M	267M
Cash Income Tax Paid (Refund)	560M	1.15B	-290M	1.43B	1.85B
Levered Free Cash Flow	1.55B	2.27B	2.52B	-7.97B	16.95B
Unlevered Free Cash Flow	1.73B	2.43B	2.67B	-7.78B	17.12B
Change In Net Working Capital	2.2B	828M	-11M	12.93B	-14.23B
Net Debt Issued / Repaid	3.24B	-5.14B	-1.19B	685M	-7.5B

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	3.37	3.69	4.48	6.71	5.65
Return on Total Capital	3.79	4.09	4.97	7.43	6.2
Return On Equity %	10.44	10.19	9.94	9.54	9.79
Return on Common Equity	10.57	10.27	9.85	9.44	9.76
Margin Analysis
Gross Profit Margin %	30.73	33.48	37.99	42.16	38.1
SG&A Margin	20.18	21.81	22.98	20.48	19.5
EBITDA Margin %	17.93	18.37	21.63	27.52	24.09
EBITA Margin %	10.81	11.98	15.28	21.92	18.92
EBIT Margin %	10.55	11.67	15.02	21.68	18.6
Income From Continuing Operations Margin %	10.21	10.97	12.4	11.83	13.16
Net Income Margin %	10.3	11.02	12.23	11.65	13.08
Net Avail. For Common Margin %	10.3	11.02	12.23	11.65	13.08
Normalized Net Income Margin	6.47	7.1	9.19	12.93	11.35
Levered Free Cash Flow Margin	4.39	6.2	7.1	-20.82	46.78
Unlevered Free Cash Flow Margin	4.88	6.62	7.52	-20.32	47.26
Asset Turnover
Asset Turnover	0.51	0.51	0.48	0.5	0.49
Fixed Assets Turnover	0.97	1.02	0.97	1.06	1
Receivables Turnover (Average Receivables)	5.62	5.74	6.58	3.11	2.81
Inventory Turnover (Average Inventory)	29.23	31.33	39.09	38.66	40.44
Short Term Liquidity
Current Ratio	1.79	2.25	2.37	2.34	2.97
Quick Ratio	1.64	1.96	2.22	2.19	2.86
Operating Cash Flow to Current Liabilities	0.21	0.51	0.69	-0.52	2.06
Days Sales Outstanding (Average Receivables)	64.93	63.61	55.63	117.26	129.78
Days Outstanding Inventory (Average Inventory)	12.49	11.65	9.36	9.44	9.03
Average Days Payable Outstanding	34.85	33.74	33.83	31.13	26.52
Cash Conversion Cycle (Average Days)	42.56	41.52	31.16	95.56	112.28
Long Term Solvency
Total Debt/Equity	76.15	56.48	47.1	47.13	32.16
Total Debt / Total Capital	43.23	36.09	32.02	32.03	24.33
LT Debt/Equity	46.2	38.6	31.7	23.95	21.26
Long-Term Debt / Total Capital	26.22	24.67	21.55	16.28	16.09
Total Liabilities / Total Assets	49.12	41.75	39.31	37.95	31.18
EBIT / Interest Expense	13.47	17.33	22.66	27.31	24.33
EBITDA / Interest Expense	22.88	27.27	32.64	34.67	31.51
(EBITDA - Capex) / Interest Expense	19.22	19.68	19.79	27.18	19.58
Total Debt / EBITDA	4.51	3.47	2.88	2.14	1.82
Net Debt / EBITDA	1.09	0.7	-0.11	0.65	-0.74
Total Debt / (EBITDA - Capex)	5.37	4.81	4.76	2.73	2.94
Net Debt / (EBITDA - Capex)	1.3	0.97	-0.18	0.83	-1.2
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	12.27	3.7	-3.3	8.02	-5.41
Gross Profit, 1 Yr. Growth %	22.7	12.98	9.73	19.86	-14.51
EBITDA, 1 Yr. Growth %	34.59	6.25	13.9	37.41	-17.21
EBITA, 1 Yr. Growth %	81.31	14.91	23.38	54.95	-18.36
EBIT, 1 Yr. Growth %	79.93	14.75	24.39	55.94	-18.81
Earnings From Cont. Operations, 1 Yr. Growth %	331.3	11.47	9.24	3.05	5.28
Net Income, 1 Yr. Growth %	326.58	10.95	7.27	2.91	6.19
Normalized Net Income, 1 Yr. Growth %	97.7	13.76	25.19	51.91	-16.95
Diluted EPS Before Extra, 1 Yr. Growth %	334.87	-9.26	17.03	-8.65	10.86
Accounts Receivable, 1 Yr. Growth %	27.55	-18.77	-11.82	287.21	-68.27
Inventory, 1 Yr. Growth %	49.03	-44.77	3.07	0.7	-7.13
Net Property, Plant and Equip., 1 Yr. Growth %	-2.65	-0.04	3.5	-5	5.54
Total Assets, 1 Yr. Growth %	14.16	-3.53	8.83	-0.2	-6.85
Tangible Book Value, 1 Yr. Growth %	18.34	10.57	14.04	2.71	2.22
Common Equity, 1 Yr. Growth %	18.78	10.23	13.29	2.17	3.4
Cash From Operations, 1 Yr. Growth %	17.68	71.94	58.91	-184.53	-346.68
Capital Expenditures, 1 Yr. Growth %	-8.07	84.71	61.24	-24.57	45.04
Levered Free Cash Flow, 1 Yr. Growth %	-116.51	46.45	10.73	-416.61	-312.54
Unlevered Free Cash Flow, 1 Yr. Growth %	-118.7	40.71	9.74	-392.04	-319.95
Dividend Per Share, 1 Yr. Growth %	-	-	193.98	1.97	4.71
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	0.39	7.9	0.14	2.2	1.08
Gross Profit, 2 Yr. CAGR %	5.64	17.74	11.34	14.69	1.23
EBITDA, 2 Yr. CAGR %	17.89	19.58	10.01	25.1	6.66
EBITA, 2 Yr. CAGR %	29.05	44.34	19.07	38.27	12.47
EBIT, 2 Yr. CAGR %	28.47	43.69	19.47	39.27	12.52
Earnings From Cont. Operations, 2 Yr. CAGR %	33.65	119.26	10.35	6.1	4.16
Net Income, 2 Yr. CAGR %	16.79	117.56	9.1	5.07	4.53
Normalized Net Income, 2 Yr. CAGR %	82.29	49.97	19.34	37.9	12.32
Diluted EPS Before Extra, 2 Yr. CAGR %	17.91	98.64	3.05	3.4	0.63
Accounts Receivable, 2 Yr. CAGR %	10.5	1.78	-15.37	84.78	10.84
Inventory, 2 Yr. CAGR %	-9.59	-9.27	-24.55	1.88	-3.29
Net Property, Plant and Equip., 2 Yr. CAGR %	-3.59	-1.35	1.72	-0.84	0.13
Total Assets, 2 Yr. CAGR %	-5.28	4.94	2.46	4.22	-3.58
Tangible Book Value, 2 Yr. CAGR %	9.99	14.39	12.29	8.22	2.46
Common Equity, 2 Yr. CAGR %	10.09	14.43	11.75	7.59	2.78
Cash From Operations, 2 Yr. CAGR %	-4.06	42.25	65.29	15.9	44.4
Capital Expenditures, 2 Yr. CAGR %	-9.53	30.31	72.58	10.28	4.6
Levered Free Cash Flow, 2 Yr. CAGR %	-68.26	-50.83	27.34	87.24	159.41
Unlevered Free Cash Flow, 2 Yr. CAGR %	-66.65	-48.71	24.26	79.02	153.44
Dividend Per Share, 2 Yr. CAGR %	-	-	-	73.14	3.33
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.77	1.48	4.03	2.7	-0.4
Gross Profit, 3 Yr. CAGR %	1.91	8.03	15.01	14.11	3.99
EBITDA, 3 Yr. CAGR %	15.98	13.87	17.66	18.47	9.02
EBITA, 3 Yr. CAGR %	30.42	24.15	36.99	30	16
EBIT, 3 Yr. CAGR %	29.36	23.72	36.94	30.56	16.34
Earnings From Cont. Operations, 3 Yr. CAGR %	744.21	25.8	73.82	7.86	5.83
Net Income, 3 Yr. CAGR %	124.03	14.81	71.87	6.99	5.44
Normalized Net Income, 3 Yr. CAGR %	52.62	55.78	41.21	29.34	16.46
Diluted EPS Before Extra, 3 Yr. CAGR %	125.47	8.05	66.52	-1.01	5.82
Accounts Receivable, 3 Yr. CAGR %	2.8	-0.27	-2.97	40.5	2.7
Inventory, 3 Yr. CAGR %	-5.14	-23.28	-5.33	-16.93	-1.22
Net Property, Plant and Equip., 3 Yr. CAGR %	-4.79	-2.42	0.24	-0.57	1.24
Total Assets, 3 Yr. CAGR %	-1.43	-4.7	6.22	1.57	0.39
Tangible Book Value, 3 Yr. CAGR %	11.64	10.18	14.27	9	6.18
Common Equity, 3 Yr. CAGR %	11.32	10.14	14.05	8.46	6.17
Cash From Operations, 3 Yr. CAGR %	-6.18	16.54	47.6	32.18	49.08
Capital Expenditures, 3 Yr. CAGR %	2.2	14.77	39.9	30.97	20.83
Levered Free Cash Flow, 3 Yr. CAGR %	-15.78	-47.16	-35.55	72.52	95.32
Unlevered Free Cash Flow, 3 Yr. CAGR %	-14.02	-46.11	-33.91	65.21	91.74
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	46.42
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.27	0.11	-0.41	1.77	2.84
Gross Profit, 5 Yr. CAGR %	-0.69	3.29	5.58	10.65	9.28
EBITDA, 5 Yr. CAGR %	4.6	8.82	13.55	18.24	13.13
EBITA, 5 Yr. CAGR %	4.71	15.54	25.76	29.62	26.6
EBIT, 5 Yr. CAGR %	4.2	14.95	25.31	29.72	26.59
Earnings From Cont. Operations, 5 Yr. CAGR %	48.49	0.43	274.09	17.52	41.63
Net Income, 5 Yr. CAGR %	50.55	4.32	68	10.81	40.87
Normalized Net Income, 5 Yr. CAGR %	27.28	53.29	38.32	48.37	28.85
Diluted EPS Before Extra, 5 Yr. CAGR %	51.13	0.6	64.84	6.16	36.14
Accounts Receivable, 5 Yr. CAGR %	1.49	-3.87	-4.89	27.63	2.33
Inventory, 5 Yr. CAGR %	-3.62	-14.27	-13.44	-14.07	-4.52
Net Property, Plant and Equip., 5 Yr. CAGR %	-5.2	-3.89	-2.24	-1.79	0.2
Total Assets, 5 Yr. CAGR %	-2.09	-2.24	0.11	-1.23	2.19
Tangible Book Value, 5 Yr. CAGR %	9.76	8.61	11.9	9.39	9.39
Common Equity, 5 Yr. CAGR %	9.14	8.25	11.49	9.11	9.4
Cash From Operations, 5 Yr. CAGR %	5.78	7.07	17.67	16.28	46.31
Capital Expenditures, 5 Yr. CAGR %	-27.68	5.98	26.02	12.95	24.54
Levered Free Cash Flow, 5 Yr. CAGR %	-11.32	-1.99	-0.63	-12.35	12.5
Unlevered Free Cash Flow, 5 Yr. CAGR %	-8.36	-1.78	-0.37	-12.89	13.15
Dividend Per Share, 5 Yr. CAGR %	-	84.28	-	-	-