Income Statement Naito & Co., Ltd.

Equities

7624

JP3641350008

Industrial Machinery & Equipment

Market Closed - Japan Exchange Other stock markets 07:30:00 11/07/2025 BST			5-day change	1st Jan Change
133.00 ^JPY	0.00%		0.00%	+9.02%

2023	Eisai to launch Alzheimer's drug Leqembi in Japan on Dec 20	RE
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Published financial data: NAITO & CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2021	2022	2023	2024	2025
Revenues	39.14B	44.07B	44.46B	44.06B	43.56B
Total Revenues	39.14B	44.07B	44.46B	44.06B	43.56B
Cost of Goods Sold, Total	34.91B	39.2B	39B	38.65B	38.26B
Gross Profit	4.23B	4.87B	5.46B	5.41B	5.29B
Selling General & Admin Expenses, Total	4.04B	4.38B	4.57B	4.91B	4.83B
Provision for Bad Debts	-	-	-	-	1M
Other Operating Expenses, Total	4.04B	4.38B	4.57B	4.91B	4.83B
Operating Income	192M	490M	887M	506M	464M
Interest Expense, Total	-3M	-2M	-3M	-4M	-6M
Interest And Investment Income	9M	8M	7M	12M	14M
Net Interest Expenses	6M	6M	4M	8M	8M
Income (Loss) On Equity Invest.	3M	11M	26M	21M	18M
Currency Exchange Gains (Loss)	-	-	8M	12M	4M
Other Non Operating Income (Expenses)	240M	161M	8M	7M	9M
EBT, Excl. Unusual Items	441M	668M	933M	554M	503M
Gain (Loss) On Sale Of Investments	-	-	159M	-	-
Gain (Loss) On Sale Of Assets	-	-	-1M	-2M	-1M
Asset Writedown	-	-	-	-13M	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	441M	668M	1.09B	539M	502M
Income Tax Expense	167M	220M	359M	194M	188M
Earnings From Continuing Operations	274M	448M	732M	345M	314M
Net Income to Company	274M	448M	732M	345M	314M
Net Income - (IS)	274M	448M	732M	345M	314M
Net Income to Common Incl Extra Items	274M	448M	732M	345M	314M
Net Income to Common Excl. Extra Items	274M	448M	732M	345M	314M
Per Share Items
Net EPS - Basic	5	8.18	13.37	6.3	5.73
Basic EPS - Continuing Operations	5	8.18	13.37	6.3	5.73
Basic Weighted Average Shares Outstanding	54.76M	54.76M	54.76M	54.76M	54.76M
Net EPS - Diluted	5	8.18	13.37	6.3	5.73
Diluted EPS - Continuing Operations	5	8.18	13.37	6.3	5.73
Diluted Weighted Average Shares Outstanding	54.76M	54.76M	54.76M	54.76M	54.76M
Normalized Basic EPS	5.03	7.62	10.65	6.32	5.74
Normalized Diluted EPS	5.03	7.62	10.65	6.32	5.74
Dividend Per Share	2	3	4	4	4
Payout Ratio	79.56	24.33	22.4	63.19	69.75
Supplemental Items
EBITDA	275M	691M	1.15B	801M	814M
EBITA	192M	490M	887M	506M	464M
EBIT	192M	490M	887M	506M	464M
EBITDAR	671M	1.1B	1.56B	1.3B	1.28B
Effective Tax Rate - (Ratio)	37.87	32.93	32.91	35.99	37.45
Normalized Net Income	276M	418M	583M	346M	314M
Non-Cash Pension Expense	-20M	-19M	-22M	-8M	-6M
Supplemental Operating Expense Items
Net Rental Expense, Total	396M	408M	413M	499M	467M
Imputed Operating Lease Interest Expense	9.64M	11.18M	18.59M	25.92M	47.24M
Imputed Operating Lease Depreciation	386M	397M	394M	473M	420M

Fiscal Period: February	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	188M	186M	186M	138M	113M
Total Cash And Short Term Investments	188M	186M	186M	138M	113M
Accounts Receivable, Total	9.32B	9.38B	9.52B	9.2B	8.86B
Other Receivables	-	-	-	21M	-
Total Receivables	9.32B	9.38B	9.52B	9.22B	8.86B
Inventory	3.66B	4.28B	4.3B	4.93B	4.87B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	226M	229M	288M	378M	364M
Total Current Assets	13.39B	14.07B	14.29B	14.67B	14.21B
Net Property Plant And Equipment	170M	131M	134M	290M	288M
Long-term Investments	1.97B	1.98B	1.79B	1.92B	1.92B
Other Intangibles, Total	883M	947M	807M	779M	659M
Deferred Tax Assets Long-Term	40M	50M	161M	114M	145M
Other Long-Term Assets, Total	1M	1M	2M	1M	3M
Total Assets	16.45B	17.17B	17.19B	17.78B	17.23B
Liabilities
Accounts Payable, Total	3.4B	3.53B	3.04B	3.44B	3.24B
Accrued Expenses, Total	188M	173M	253M	153M	185M
Short-term Borrowings	458M	710M	356M	876M	73M
Current Portion of Leases	-	-	-	-	-
Current Income Taxes Payable	60M	172M	323M	-	162M
Other Current Liabilities	318M	246M	421M	330M	502M
Total Current Liabilities	4.43B	4.83B	4.4B	4.79B	4.16B
Long-Term Leases	-	-	-	-	-
Pension & Other Post Retirement Benefits	80M	53M	58M	66M	57M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	67M	70M	68M	94M	101M
Total Liabilities	4.58B	4.95B	4.52B	4.95B	4.32B
Common Stock, Total	2.29B	2.29B	2.29B	2.29B	2.29B
Additional Paid In Capital	2.28B	2.28B	2.28B	2.28B	2.28B
Retained Earnings	7.16B	7.5B	8.07B	8.2B	8.29B
Treasury Stock	-10M	-10M	-10M	-10M	-10M
Comprehensive Income and Other	149M	153M	27M	62M	52M
Total Common Equity	11.88B	12.22B	12.66B	12.82B	12.91B
Total Equity	11.88B	12.22B	12.66B	12.82B	12.91B
Total Liabilities And Equity	16.45B	17.17B	17.19B	17.78B	17.23B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	54.76M	54.76M	54.76M	54.76M	54.76M
ECS Total Common Shares Outstanding	54.76M	54.76M	54.76M	54.76M	54.76M
Book Value / Share	216.9	223.17	231.24	234.2	235.75
Tangible Book Value	11B	11.27B	11.86B	12.05B	12.25B
Tangible Book Value Per Share	200.78	205.88	216.5	219.97	223.72
Total Debt	458M	710M	356M	876M	73M
Net Debt	270M	524M	170M	738M	-40M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-183M	-171M	-96M	-116M	-86M
Debt Equivalent Oper. Leases	3.17B	3.26B	3.3B	3.99B	3.74B
Inventories - Raw Materials, Total	3M	3M	3M	3M	4M
Inventories - Finished Goods, Total	3.66B	4.27B	4.29B	4.93B	4.87B
Inventories - Others	1M	1M	1M	1M	1M
Full Time Employees	344	336	333	330	319
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: February	2021	2022	2023	2024	2025
Net Income	442M	668M	1.09B	539M	502M
Depreciation & Amortization - CF	83M	201M	259M	295M	350M
Depreciation & Amortization, Total	83M	201M	259M	295M	350M
(Gain) Loss From Sale Of Asset	-	-	-	15M	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-159M	-	-
(Income) Loss On Equity Investments - (CF)	-3M	-11M	-26M	-21M	-18M
Other Operating Activities, Total	-207M	-129M	-250M	-477M	-28M
Change In Accounts Receivable	1.64B	-59M	-142M	322M	345M
Change In Inventories	336M	-614M	-16M	-636M	58M
Change In Accounts Payable	-411M	118M	-485M	384M	-200M
Change in Other Net Operating Assets	-33M	-82M	170M	-320M	149M
Cash from Operations	1.85B	92M	442M	101M	1.16B
Capital Expenditure	-16M	-5M	-33M	-185M	-78M
Sale (Purchase) of Intangible assets	-557M	-227M	-89M	-209M	-76M
Investment in Marketable and Equity Securities, Total	-	-	202M	-	-6M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-6M	-6M	-8M	-58M	2M
Cash from Investing	-579M	-238M	72M	-452M	-158M
Short Term Debt Issued, Total	-	251M	-	519M	-
Total Debt Issued	-	251M	-	519M	-
Short Term Debt Repaid, Total	-1.06B	-	-353M	-	-803M
Total Debt Repaid	-1.06B	-	-353M	-	-803M
Common & Preferred Stock Dividends Paid	-218M	-109M	-164M	-218M	-219M
Common & Preferred Stock Dividends Paid	-218M	-109M	-164M	-218M	-219M
Other Financing Activities, Total	-1M	-1M	-1M	-1M	-
Cash from Financing	-1.28B	141M	-518M	300M	-1.02B
Foreign Exchange Rate Adjustments	-	1M	2M	-	-1M
Miscellaneous Cash Flow Adjustments	-1M	1M	1M	2M	-1M
Net Change in Cash	-7M	-3M	-1M	-49M	-24M
Supplemental Items
Cash Interest Paid	3M	2M	3M	4M	6M
Cash Income Tax Paid (Refund)	211M	123M	255M	489M	35M
Levered Free Cash Flow	1.13B	-255M	388M	-338M	1.09B
Unlevered Free Cash Flow	1.13B	-254M	389M	-336M	1.09B
Change In Net Working Capital	-1.5B	529M	302M	553M	-608M
Net Debt Issued / Repaid	-1.06B	251M	-353M	519M	-803M

Fiscal Period: February	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.7	1.82	3.23	1.81	1.66
Return on Total Capital	0.94	2.42	4.27	2.37	2.17
Return On Equity %	2.31	3.72	5.88	2.71	2.44
Return on Common Equity	2.31	3.72	5.88	2.71	2.44
Margin Analysis
Gross Profit Margin %	10.82	11.04	12.28	12.28	12.15
SG&A Margin	10.33	9.93	10.28	11.13	11.08
EBITDA Margin %	0.7	1.57	2.58	1.82	1.87
EBITA Margin %	0.49	1.11	2	1.15	1.07
EBIT Margin %	0.49	1.11	2	1.15	1.07
Income From Continuing Operations Margin %	0.7	1.02	1.65	0.78	0.72
Net Income Margin %	0.7	1.02	1.65	0.78	0.72
Net Avail. For Common Margin %	0.7	1.02	1.65	0.78	0.72
Normalized Net Income Margin	0.7	0.95	1.31	0.79	0.72
Levered Free Cash Flow Margin	2.88	-0.58	0.87	-0.77	2.5
Unlevered Free Cash Flow Margin	2.89	-0.58	0.88	-0.76	2.51
Asset Turnover
Asset Turnover	2.27	2.62	2.59	2.52	2.49
Fixed Assets Turnover	195.72	292.82	335.52	207.85	150.71
Receivables Turnover (Average Receivables)	3.86	4.71	4.7	4.71	4.82
Inventory Turnover (Average Inventory)	9.12	9.88	9.1	8.38	7.8
Short Term Liquidity
Current Ratio	3.02	2.91	3.25	3.06	3.42
Quick Ratio	2.15	1.98	2.21	1.95	2.16
Operating Cash Flow to Current Liabilities	0.42	0.02	0.1	0.02	0.28
Days Sales Outstanding (Average Receivables)	94.52	77.41	77.59	77.77	75.67
Days Outstanding Inventory (Average Inventory)	40.03	36.94	40.11	43.69	46.77
Average Days Payable Outstanding	38.02	31.78	30.75	30.18	31.87
Cash Conversion Cycle (Average Days)	96.53	82.58	86.95	91.28	90.58
Long Term Solvency
Total Debt/Equity	3.86	5.81	2.81	6.83	0.57
Total Debt / Total Capital	3.71	5.49	2.73	6.39	0.56
LT Debt/Equity	-	-	-	-	-
Long-Term Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	27.81	28.84	26.32	27.86	25.06
EBIT / Interest Expense	64	245	295.67	126.5	77.33
EBITDA / Interest Expense	91.67	345.5	382	200.25	135.67
(EBITDA - Capex) / Interest Expense	86.33	343	371	154	122.67
Total Debt / EBITDA	1.67	1.03	0.31	1.09	0.09
Net Debt / EBITDA	0.98	0.76	0.15	0.92	-0.05
Total Debt / (EBITDA - Capex)	1.77	1.03	0.32	1.42	0.1
Net Debt / (EBITDA - Capex)	1.04	0.76	0.15	1.2	-0.05
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-15.76	12.58	0.88	-0.88	-1.16
Gross Profit, 1 Yr. Growth %	-19.08	14.95	12.14	-0.84	-2.24
EBITDA, 1 Yr. Growth %	-70.3	151.27	65.85	-30.1	1.62
EBITA, 1 Yr. Growth %	-77.06	155.21	81.02	-42.95	-8.3
EBIT, 1 Yr. Growth %	-77.06	155.21	81.02	-42.95	-8.3
Earnings From Cont. Operations, 1 Yr. Growth %	-60.06	63.5	63.39	-52.87	-8.99
Net Income, 1 Yr. Growth %	-60.06	63.5	63.39	-52.87	-8.99
Normalized Net Income, 1 Yr. Growth %	-57.23	51.47	39.67	-40.62	-9.21
Diluted EPS Before Extra, 1 Yr. Growth %	-60.06	63.5	63.39	-52.87	-8.99
Accounts Receivable, 1 Yr. Growth %	-14.97	0.64	1.56	-3.36	-3.77
Inventory, 1 Yr. Growth %	-8.43	16.83	0.44	14.85	-1.2
Net Property, Plant and Equip., 1 Yr. Growth %	-26.09	-22.94	2.29	116.42	-0.69
Total Assets, 1 Yr. Growth %	-8.49	4.38	0.08	3.44	-3.11
Tangible Book Value, 1 Yr. Growth %	-4.13	2.54	5.16	1.6	1.7
Common Equity, 1 Yr. Growth %	0.51	2.89	3.62	1.28	0.66
Cash From Operations, 1 Yr. Growth %	63.68	-95.02	380.43	-77.15	1.05K
Capital Expenditures, 1 Yr. Growth %	-80.49	-68.75	560	460.61	-57.84
Levered Free Cash Flow, 1 Yr. Growth %	10.13	-122.6	-251.96	-187.29	-422.32
Unlevered Free Cash Flow, 1 Yr. Growth %	9.91	-122.46	-253.45	-186.23	-425.84
Dividend Per Share, 1 Yr. Growth %	-50	50	33.33	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-11.53	-2.61	6.57	-0.01	-1.02
Gross Profit, 2 Yr. CAGR %	-12.13	-3.55	13.54	5.45	-1.54
EBITDA, 2 Yr. CAGR %	-47.3	-13.62	104.14	7.67	-15.72
EBITA, 2 Yr. CAGR %	-54.54	-23.49	114.94	1.62	-27.67
EBIT, 2 Yr. CAGR %	-54.54	-23.49	114.94	1.62	-27.67
Earnings From Cont. Operations, 2 Yr. CAGR %	-41.91	-19.19	63.45	-12.25	-34.5
Net Income, 2 Yr. CAGR %	-41.91	-19.19	63.45	-12.25	-34.5
Normalized Net Income, 2 Yr. CAGR %	-38.74	-19.51	45.45	-8.93	-26.58
Diluted EPS Before Extra, 2 Yr. CAGR %	-41.91	-19.19	63.45	-12.25	-34.5
Accounts Receivable, 2 Yr. CAGR %	-10.38	-7.49	1.1	-0.93	-3.57
Inventory, 2 Yr. CAGR %	-1.04	3.43	8.33	7.41	6.53
Net Property, Plant and Equip., 2 Yr. CAGR %	-8.03	-24.53	-11.22	48.79	46.6
Total Assets, 2 Yr. CAGR %	-4.59	-2.27	2.21	1.75	0.11
Tangible Book Value, 2 Yr. CAGR %	-1.2	-0.85	3.84	3.37	1.65
Common Equity, 2 Yr. CAGR %	2.31	1.69	3.25	2.44	0.97
Cash From Operations, 2 Yr. CAGR %	125.94	-71.45	-51.09	4.78	61.86
Capital Expenditures, 2 Yr. CAGR %	-61.51	-75.31	43.61	508.28	53.74
Levered Free Cash Flow, 2 Yr. CAGR %	30.83	-50.11	-41.39	15.17	67.74
Unlevered Free Cash Flow, 2 Yr. CAGR %	31.31	-50.32	-41.3	15.03	67.62
Dividend Per Share, 2 Yr. CAGR %	-29.29	-13.4	41.42	15.47	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-5.64	-4.13	-1.46	4.02	-0.39
Gross Profit, 3 Yr. CAGR %	-5.34	-3.9	1.42	8.53	2.82
EBITDA, 3 Yr. CAGR %	-29.48	-11.3	7.36	42.81	5.61
EBITA, 3 Yr. CAGR %	-35.87	-19.2	1.95	38.13	-1.8
EBIT, 3 Yr. CAGR %	-35.87	-19.2	1.95	38.13	-1.8
Earnings From Cont. Operations, 3 Yr. CAGR %	-25.14	-17.98	2.19	7.98	-11.17
Net Income, 3 Yr. CAGR %	-25.14	-17.98	2.19	7.98	-11.17
Normalized Net Income, 3 Yr. CAGR %	-22.81	-17.16	-3.27	7.9	-9.02
Diluted EPS Before Extra, 3 Yr. CAGR %	-25.14	-17.98	2.19	7.98	-11.17
Accounts Receivable, 3 Yr. CAGR %	-5.92	-6.85	-4.57	-0.41	-1.89
Inventory, 3 Yr. CAGR %	1.8	4.59	2.43	10.46	4.46
Net Property, Plant and Equip., 3 Yr. CAGR %	9.08	-13.3	-16.48	19.49	30.03
Total Assets, 3 Yr. CAGR %	-1.67	-1.69	-1.49	2.62	0.1
Tangible Book Value, 3 Yr. CAGR %	1.1	0.03	1.11	3.09	2.81
Common Equity, 3 Yr. CAGR %	3.44	2.5	2.33	2.59	1.84
Cash From Operations, 3 Yr. CAGR %	237.67	-36.66	-26.85	-62.05	132.62
Capital Expenditures, 3 Yr. CAGR %	0	-64.09	-26.17	126.13	149.87
Levered Free Cash Flow, 3 Yr. CAGR %	106.29	-27.13	-27.68	-33.07	62.3
Unlevered Free Cash Flow, 3 Yr. CAGR %	107.76	-27.12	-27.65	-33.27	62.76
Dividend Per Share, 3 Yr. CAGR %	-12.64	-9.14	0	25.99	10.06
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-2.08	0.27	-0.93	-2.5	-1.29
Gross Profit, 5 Yr. CAGR %	-1.55	0.98	1.8	-0.26	0.22
EBITDA, 5 Yr. CAGR %	-15.99	4.37	7.89	-4.15	-2.55
EBITA, 5 Yr. CAGR %	-20	-0.32	4.03	-11.44	-11.13
EBIT, 5 Yr. CAGR %	-20	-0.32	4.03	-11.44	-11.13
Earnings From Cont. Operations, 5 Yr. CAGR %	-11.12	6.24	2.31	-15.73	-14.47
Net Income, 5 Yr. CAGR %	-11.12	6.24	2.31	-15.73	-14.47
Normalized Net Income, 5 Yr. CAGR %	-11.14	-1.13	-0.55	-13.96	-13.37
Diluted EPS Before Extra, 5 Yr. CAGR %	-11.12	6.24	2.31	-15.73	-14.47
Accounts Receivable, 5 Yr. CAGR %	-1.74	-1.92	-3.17	-4.53	-4.17
Inventory, 5 Yr. CAGR %	2.08	5.36	4.36	5.71	4.05
Net Property, Plant and Equip., 5 Yr. CAGR %	1.86	-0.75	0.45	7.61	4.6
Total Assets, 5 Yr. CAGR %	0.55	1.05	-0.14	-0.33	-0.85
Tangible Book Value, 5 Yr. CAGR %	2.13	2.21	2.19	1.35	1.33
Common Equity, 5 Yr. CAGR %	3.52	3.64	3.36	2.48	1.78
Cash From Operations, 5 Yr. CAGR %	35.21	-27.71	55.9	-22.53	0.51
Capital Expenditures, 5 Yr. CAGR %	-3.38	-25.65	15.58	11.37	-1
Levered Free Cash Flow, 5 Yr. CAGR %	19.32	-7.03	24.7	-12.49	1.25
Unlevered Free Cash Flow, 5 Yr. CAGR %	19.01	-7.28	25.31	-12.52	1.25
Dividend Per Share, 5 Yr. CAGR %	-7.79	0	5.92	0	0