Balance Sheet Natori Co., Ltd.

Equities

2922

JP3651060000

Food Processing

Delayed Japan Exchange Other stock markets 07:30:00 08/06/2026 BST			5-day change	1st Jan Change
1,870.00 ^JPY	0.00%		-0.21%	-1.79%

11-24	Trading on Whispers Alone
11-12	Natori Co., Ltd. Declares Commemorative Dividend of for the Second Quarter Ended September 30, 2025, Payable on December 5, 2025	CI

d72db.BMtVf8Hkbu2mMv6MhHSPc7AhuWYjkK0Lw6QEGI6elhw.YqEsBY-yPar1ea7r9CfNB-Vo2Al09Oppr_FccsT1pFF3oicJs54CrtN1kQ

Published financial data: NATORI CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	49.04B	45.09B	45.09B	47.58B	48.89B
Total Revenues	49.04B	45.09B	45.09B	47.58B	48.89B
Cost of Goods Sold, Total	34.8B	34.64B	36.72B	37.43B	38.58B
Gross Profit	14.24B	10.45B	8.37B	10.15B	10.31B
Selling General & Admin Expenses, Total	11.99B	8.18B	7.75B	8.02B	8.34B
Provision for Bad Debts	-1M	-1M	-	-	-
Other Operating Expenses, Total	11.99B	8.18B	7.75B	8.02B	8.34B
Operating Income	2.25B	2.27B	622M	2.12B	1.97B
Interest Expense, Total	-43M	-41M	-38M	-34M	-35M
Interest And Investment Income	79M	30M	34M	40M	45M
Net Interest Expenses	36M	-11M	-4M	6M	10M
Income (Loss) On Equity Invest.	11M	-13M	-9M	-35M	-
Currency Exchange Gains (Loss)	-	-	-	36M	15M
Other Non Operating Income (Expenses)	197M	57M	40M	30M	30M
EBT, Excl. Unusual Items	2.5B	2.3B	649M	2.16B	2.02B
Gain (Loss) On Sale Of Investments	56M	-1M	-	422M	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-1M	-4M	-	-589M	-34M
Other Unusual Items	-	-	-	-1M	-
EBT, Incl. Unusual Items	2.55B	2.3B	649M	1.99B	1.99B
Income Tax Expense	817M	743M	242M	594M	638M
Earnings From Continuing Operations	1.74B	1.56B	407M	1.4B	1.35B
Net Income to Company	1.74B	1.56B	407M	1.4B	1.35B
Net Income - (IS)	1.74B	1.56B	407M	1.4B	1.35B
Net Income to Common Incl Extra Items	1.74B	1.56B	407M	1.4B	1.35B
Net Income to Common Excl. Extra Items	1.74B	1.56B	407M	1.4B	1.35B
Per Share Items
Net EPS - Basic	137.97	123.74	32.35	111.27	107.45
Basic EPS - Continuing Operations	137.97	123.74	32.35	111.27	107.45
Basic Weighted Average Shares Outstanding	12.58M	12.58M	12.58M	12.58M	12.58M
Net EPS - Diluted	137.97	123.74	32.35	111.27	107.45
Diluted EPS - Continuing Operations	137.97	123.74	32.35	111.27	107.45
Diluted Weighted Average Shares Outstanding	12.58M	12.58M	12.58M	12.58M	12.58M
Normalized Basic EPS	124.08	114.49	32.24	107.39	100.54
Normalized Diluted EPS	124.08	114.49	32.24	107.39	100.54
Dividend Per Share	21	22	22	23	24
Payout Ratio	14.4	18.63	67.81	19.71	22.34
Supplemental Items
EBITDA	3.99B	3.97B	2.26B	3.51B	3.18B
EBITA	2.25B	2.27B	622M	2.12B	1.97B
EBIT	2.25B	2.27B	622M	2.12B	1.97B
Effective Tax Rate - (Ratio)	32	32.3	37.29	29.79	32.06
Normalized Net Income	1.56B	1.44B	406M	1.35B	1.26B
Non-Cash Pension Expense	10.92M	21.34M	16.61M	20.85M	13.41M
Supplemental Operating Expense Items
Advertising Expense	3.93B	-	-	-	-
Selling and Marketing Expenses	6.1B	2.17B	2.11B	2.01B	2.07B
Research And Development Expense From Footnotes	603M	649M	628M	666M	702M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	3.63B	4.88B	2B	6.08B	4.51B
Total Cash And Short Term Investments	3.63B	4.88B	2B	6.08B	4.51B
Accounts Receivable, Total	8.29B	8.27B	8.91B	9.07B	8.76B
Total Receivables	8.29B	8.27B	8.91B	9.07B	8.76B
Inventory	5.9B	6.01B	6.98B	6.81B	7.31B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	289M	268M	894M	919M	394M
Total Current Assets	18.11B	19.42B	18.78B	22.88B	20.98B
Net Property Plant And Equipment	18.84B	19.33B	18.05B	16.94B	16.8B
Long-term Investments	1.84B	2.1B	2.25B	2.59B	2.77B
Other Intangibles, Total	150M	349M	746M	916M	949M
Deferred Tax Assets Long-Term	232M	182M	186M	110M	80M
Other Long-Term Assets, Total	2M	1M	2M	1M	1M
Total Assets	39.17B	41.39B	40.02B	43.44B	41.57B
Liabilities
Accounts Payable, Total	3.94B	4.36B	3.87B	5.63B	4.65B
Accrued Expenses, Total	394M	394M	353M	384M	389M
Short-term Borrowings	1.83B	2.23B	3.21B	3.19B	2.57B
Current Portion of Long-Term Debt	524M	584M	491M	470M	470M
Current Portion of Leases	971M	934M	714M	513M	334M
Current Income Taxes Payable	3.25B	254M	113M	630M	346M
Other Current Liabilities	325M	3.55B	3.03B	3.84B	3.1B
Total Current Liabilities	11.23B	12.31B	11.78B	14.66B	11.85B
Long-Term Debt	2.02B	2.6B	2.11B	1.64B	1.17B
Long-Term Leases	2.05B	1.43B	868M	488M	737M
Pension & Other Post Retirement Benefits	1.51B	1.47B	1.51B	1.41B	1.41B
Deferred Tax Liability Non Current	-	-	-	-	17M
Other Non Current Liabilities	80M	174M	171M	168M	179M
Total Liabilities	16.89B	17.98B	16.44B	18.36B	15.36B
Common Stock, Total	1.98B	1.98B	1.98B	1.98B	1.98B
Additional Paid In Capital	2.29B	2.29B	2.29B	2.29B	2.29B
Retained Earnings	19.77B	20.78B	20.91B	22.03B	23.08B
Treasury Stock	-2.1B	-2.1B	-2.1B	-2.1B	-2.1B
Comprehensive Income and Other	343M	461M	506M	876M	964M
Total Common Equity	22.28B	23.4B	23.58B	25.07B	26.21B
Total Equity	22.28B	23.4B	23.58B	25.07B	26.21B
Total Liabilities And Equity	39.17B	41.39B	40.02B	43.44B	41.57B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	12.58M	12.58M	12.58M	12.58M	12.58M
ECS Total Common Shares Outstanding	12.58M	12.58M	12.58M	12.58M	12.58M
Book Value / Share	1.77K	1.86K	1.87K	1.99K	2.08K
Tangible Book Value	22.13B	23.06B	22.84B	24.16B	25.26B
Tangible Book Value Per Share	1.76K	1.83K	1.81K	1.92K	2.01K
Total Debt	7.4B	7.78B	7.39B	6.3B	5.28B
Net Debt	3.76B	2.9B	5.38B	216M	766M
Debt Equivalent of Unfunded Proj. Benefit Obligation	891M	824M	852M	723M	687M
Inventories - Raw Materials, Total	3.62B	3.61B	4.4B	4.1B	4.38B
Inventories - Work In Process, Total	985M	897M	921M	921M	907M
Inventories - Finished Goods, Total	1.3B	1.5B	1.66B	1.78B	2.03B
Inventories - Others	-	1M	1M	1M	1M
Full Time Employees	878	877	863	826	812
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	2.55B	2.3B	650M	1.99B	1.99B
Depreciation & Amortization - CF	1.74B	1.7B	1.63B	1.38B	1.21B
Depreciation & Amortization, Total	1.74B	1.7B	1.63B	1.38B	1.21B
(Gain) Loss From Sale Of Asset	1M	4M	-	589M	34M
(Gain) Loss on Sale of Investments - (CF)	-56M	1M	-	-422M	-
(Income) Loss On Equity Investments - (CF)	-11M	13M	9M	35M	-
Other Operating Activities, Total	-478M	-809M	-537M	-79M	-909M
Change In Accounts Receivable	-314M	21M	-642M	-160M	307M
Change In Inventories	-276M	-105M	-971M	171M	-504M
Change In Accounts Payable	17M	526M	-1.04B	2.19B	-1.29B
Change in Other Net Operating Assets	129M	19M	-432M	781M	-491M
Cash from Operations	3.3B	3.67B	-1.33B	6.48B	342M
Capital Expenditure	-402M	-1.81B	-147M	-131M	-334M
Divestitures	-	-	-	-	579M
Sale (Purchase) of Intangible assets	-	-	-444M	-727M	-175M
Investment in Marketable and Equity Securities, Total	101M	-30M	-31M	-33M	-49M
Other Investing Activities, Total	-104M	-339M	-88M	-	-1M
Cash from Investing	-405M	-2.18B	-710M	-891M	20M
Short Term Debt Issued, Total	-	399M	979M	-	-
Long-Term Debt Issued, Total	-	1.2B	-	-	-
Total Debt Issued	-	1.6B	979M	-	-
Short Term Debt Repaid, Total	-	-	-	-21M	-621M
Long-Term Debt Repaid, Total	-524M	-560M	-584M	-491M	-470M
Total Debt Repaid	-524M	-560M	-584M	-512M	-1.09B
Common Dividends Paid	-250M	-290M	-276M	-276M	-302M
Common & Preferred Stock Dividends Paid	-250M	-290M	-276M	-276M	-302M
Other Financing Activities, Total	-1.05B	-995M	-953M	-725M	-540M
Cash from Financing	-1.82B	-246M	-834M	-1.51B	-1.93B
Miscellaneous Cash Flow Adjustments	-1M	-	-	-2M	1M
Net Change in Cash	1.07B	1.25B	-2.87B	4.07B	-1.57B
Supplemental Items
Cash Interest Paid	43M	41M	38M	34M	45M
Cash Income Tax Paid (Refund)	639M	829M	555M	82M	900M
Levered Free Cash Flow	2.61B	1.88B	-2.03B	4.93B	231M
Unlevered Free Cash Flow	2.64B	1.9B	-2B	4.95B	253M
Change In Net Working Capital	106M	-593M	3.43B	-3.1B	1.68B
Net Debt Issued / Repaid	-524M	1.04B	395M	-512M	-1.09B

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.64	3.53	0.96	3.18	2.9
Return on Total Capital	4.78	4.67	1.25	4.26	3.92
Return On Equity %	8.07	6.82	1.73	5.75	5.27
Return on Common Equity	8.07	6.82	1.73	5.75	5.27
Margin Analysis
Gross Profit Margin %	29.04	23.18	18.56	21.33	21.09
SG&A Margin	24.45	18.15	17.18	16.86	17.06
EBITDA Margin %	8.14	8.8	5	7.37	6.5
EBITA Margin %	4.6	5.04	1.38	4.47	4.03
EBIT Margin %	4.6	5.04	1.38	4.47	4.03
Income From Continuing Operations Margin %	3.54	3.45	0.9	2.94	2.77
Net Income Margin %	3.54	3.45	0.9	2.94	2.77
Net Avail. For Common Margin %	3.54	3.45	0.9	2.94	2.77
Normalized Net Income Margin	3.18	3.19	0.9	2.84	2.59
Levered Free Cash Flow Margin	5.33	4.17	-4.49	10.37	0.47
Unlevered Free Cash Flow Margin	5.38	4.22	-4.44	10.41	0.52
Asset Turnover
Asset Turnover	1.27	1.12	1.11	1.14	1.15
Fixed Assets Turnover	2.54	2.36	2.41	2.72	2.9
Receivables Turnover (Average Receivables)	6.03	5.45	5.25	5.29	5.48
Inventory Turnover (Average Inventory)	6.04	5.82	5.66	5.43	5.47
Short Term Liquidity
Current Ratio	1.61	1.58	1.59	1.56	1.77
Quick Ratio	1.06	1.07	0.93	1.03	1.12
Operating Cash Flow to Current Liabilities	0.29	0.3	-0.11	0.44	0.03
Days Sales Outstanding (Average Receivables)	60.51	67	69.51	69.15	66.56
Days Outstanding Inventory (Average Inventory)	60.44	62.73	64.52	67.38	66.77
Average Days Payable Outstanding	40.54	43.62	39.88	46.7	48
Cash Conversion Cycle (Average Days)	80.41	86.1	94.15	89.84	85.33
Long Term Solvency
Total Debt/Equity	33.19	33.23	31.33	25.11	20.12
Total Debt / Total Capital	24.92	24.94	23.86	20.07	16.75
LT Debt/Equity	18.27	17.22	12.62	8.48	7.27
Long-Term Debt / Total Capital	13.71	12.92	9.61	6.78	6.05
Total Liabilities / Total Assets	43.11	43.45	41.08	42.28	36.95
EBIT / Interest Expense	52.42	55.41	16.37	62.5	56.26
EBITDA / Interest Expense	92.86	96.83	59.34	103.12	90.74
(EBITDA - Capex) / Interest Expense	83.51	52.76	55.47	99.26	81.2
Total Debt / EBITDA	1.85	1.96	3.28	1.8	1.66
Net Debt / EBITDA	0.94	0.73	2.39	0.06	0.24
Total Debt / (EBITDA - Capex)	2.06	3.6	3.51	1.87	1.86
Net Debt / (EBITDA - Capex)	1.05	1.34	2.55	0.06	0.27
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.22	-8.05	-0	5.51	2.76
Gross Profit, 1 Yr. Growth %	6.41	-26.6	-19.95	21.26	1.62
EBITDA, 1 Yr. Growth %	21.33	-0.58	-43.2	55.48	-9.41
EBITA, 1 Yr. Growth %	45.33	0.8	-72.62	241.64	-7.34
EBIT, 1 Yr. Growth %	45.33	0.8	-72.62	241.64	-7.34
Earnings From Cont. Operations, 1 Yr. Growth %	57.1	-10.31	-73.86	243.98	-3.43
Net Income, 1 Yr. Growth %	57.1	-10.31	-73.86	243.98	-3.43
Normalized Net Income, 1 Yr. Growth %	52.88	-7.73	-71.84	233.13	-6.38
Diluted EPS Before Extra, 1 Yr. Growth %	57.1	-10.31	-73.86	243.98	-3.43
Accounts Receivable, 1 Yr. Growth %	3.96	-0.25	7.77	1.81	-3.4
Inventory, 1 Yr. Growth %	4.91	1.8	16.17	-2.45	7.41
Net Property, Plant and Equip., 1 Yr. Growth %	-5.06	2.65	-6.63	-6.13	-0.89
Total Assets, 1 Yr. Growth %	2.29	5.67	-3.3	8.53	-4.3
Tangible Book Value, 1 Yr. Growth %	7.79	4.18	-0.96	5.79	4.57
Common Equity, 1 Yr. Growth %	7.55	5.04	0.75	6.33	4.54
Cash From Operations, 1 Yr. Growth %	149.74	11.05	-136.25	-587.22	-94.72
Capital Expenditures, 1 Yr. Growth %	-32.78	349.5	-91.86	-10.88	154.96
Levered Free Cash Flow, 1 Yr. Growth %	412.33	-28.11	-207.86	-343.48	-95.32
Unlevered Free Cash Flow, 1 Yr. Growth %	393.99	-27.87	-205.16	-347.43	-94.9
Dividend Per Share, 1 Yr. Growth %	5	4.76	0	4.55	4.35
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.84	-3.05	-4.11	2.72	4.13
Gross Profit, 2 Yr. CAGR %	4.88	-11.62	-23.35	-1.48	11
EBITDA, 2 Yr. CAGR %	13.92	9.83	-24.85	-6.03	18.68
EBITA, 2 Yr. CAGR %	20.59	21.03	-47.47	-3.29	77.92
EBIT, 2 Yr. CAGR %	20.59	21.03	-47.47	-3.29	77.92
Earnings From Cont. Operations, 2 Yr. CAGR %	27.73	18.7	-51.58	-5.18	82.26
Net Income, 2 Yr. CAGR %	27.73	18.7	-51.58	-5.18	82.26
Normalized Net Income, 2 Yr. CAGR %	25.34	18.77	-49.03	-3.15	76.6
Diluted EPS Before Extra, 2 Yr. CAGR %	27.73	18.7	-51.58	-5.18	82.26
Accounts Receivable, 2 Yr. CAGR %	0.3	1.83	3.68	4.74	-0.83
Inventory, 2 Yr. CAGR %	2.29	3.34	8.74	6.45	2.36
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.04	-1.28	-2.1	-6.38	-3.54
Total Assets, 2 Yr. CAGR %	-0.56	3.96	1.09	2.45	1.92
Tangible Book Value, 2 Yr. CAGR %	5.77	5.97	1.58	2.36	5.18
Common Equity, 2 Yr. CAGR %	5.62	6.29	2.88	3.5	5.43
Cash From Operations, 2 Yr. CAGR %	36.43	66.53	-36.55	32.9	-49.29
Capital Expenditures, 2 Yr. CAGR %	50.28	73.83	-39.53	-73.08	50.74
Levered Free Cash Flow, 2 Yr. CAGR %	17.07	91.91	-11.94	62.05	-66.25
Unlevered Free Cash Flow, 2 Yr. CAGR %	17.17	88.76	-12.91	61.31	-64.48
Dividend Per Share, 2 Yr. CAGR %	2.47	4.88	2.35	2.25	4.45
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.54	-0.93	-2.04	-1	2.73
Gross Profit, 3 Yr. CAGR %	4.52	-6.88	-14.49	-10.69	-0.46
EBITDA, 3 Yr. CAGR %	14.79	8.86	-11.84	-4.24	-7.17
EBITA, 3 Yr. CAGR %	20.26	13.59	-26.26	-1.95	-4.66
EBIT, 3 Yr. CAGR %	20.26	13.59	-26.26	-1.95	-4.66
Earnings From Cont. Operations, 3 Yr. CAGR %	28.56	13.53	-28.32	-6.92	-4.6
Net Income, 3 Yr. CAGR %	28.56	13.53	-28.32	-6.92	-4.6
Normalized Net Income, 3 Yr. CAGR %	24.71	13.18	-26.49	-4.7	-4.24
Diluted EPS Before Extra, 3 Yr. CAGR %	28.56	13.53	-28.32	-6.92	-4.6
Accounts Receivable, 3 Yr. CAGR %	1.15	0.11	3.77	3.05	1.96
Inventory, 3 Yr. CAGR %	5.69	2.12	7.45	4.88	6.77
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.37	-0.5	-3.1	-3.46	-4.58
Total Assets, 3 Yr. CAGR %	0.16	1.48	1.49	3.51	0.15
Tangible Book Value, 3 Yr. CAGR %	5.04	5.24	3.61	2.96	3.09
Common Equity, 3 Yr. CAGR %	4.92	5.43	4.41	4.02	3.85
Cash From Operations, 3 Yr. CAGR %	-4.81	27.38	0.18	25.17	-54.66
Capital Expenditures, 3 Yr. CAGR %	-46.61	116.53	-37.36	-31.19	-43.04
Levered Free Cash Flow, 3 Yr. CAGR %	66.43	-0.49	58.38	23.59	-50.29
Unlevered Free Cash Flow, 3 Yr. CAGR %	68.38	-0.33	55.32	23.35	-49
Dividend Per Share, 3 Yr. CAGR %	5.27	3.23	3.23	3.08	2.94
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.61	0.79	-0.17	0.52	0.38
Gross Profit, 5 Yr. CAGR %	1.5	-4.23	-7.67	-4.76	-5.08
EBITDA, 5 Yr. CAGR %	5	6.22	-3.1	2.64	-0.71
EBITA, 5 Yr. CAGR %	0.33	2.66	-13.66	6.51	4.89
EBIT, 5 Yr. CAGR %	0.33	2.66	-13.66	6.51	4.89
Earnings From Cont. Operations, 5 Yr. CAGR %	6.77	3	-13.01	5.64	4.12
Net Income, 5 Yr. CAGR %	6.77	3	-13.01	5.64	4.12
Normalized Net Income, 5 Yr. CAGR %	2.55	2.72	-12.81	6.34	4.37
Diluted EPS Before Extra, 5 Yr. CAGR %	6.77	3	-13.01	5.64	4.12
Accounts Receivable, 5 Yr. CAGR %	4.05	2.12	2.15	1.94	1.91
Inventory, 5 Yr. CAGR %	5.88	2.98	6.9	3.83	5.38
Net Property, Plant and Equip., 5 Yr. CAGR %	6.8	1.77	-1.66	-2.89	-3.28
Total Assets, 5 Yr. CAGR %	5.12	2.58	0.53	1.86	1.66
Tangible Book Value, 5 Yr. CAGR %	5.19	4.67	3.64	4.08	4.24
Common Equity, 5 Yr. CAGR %	5.15	4.82	4.1	4.65	4.82
Cash From Operations, 5 Yr. CAGR %	12.94	46.22	-19.07	29.56	-23.71
Capital Expenditures, 5 Yr. CAGR %	15.22	-8.66	-43.89	-5.95	-11
Levered Free Cash Flow, 5 Yr. CAGR %	11.77	17.95	29.02	20.94	-14.67
Unlevered Free Cash Flow, 5 Yr. CAGR %	11.82	18.63	29.35	20.84	-13.92
Dividend Per Share, 5 Yr. CAGR %	4.32	4.1	4.1	2.83	3.71