Cash flow NEC Capital Solutions Limited

Equities

8793

JP3164740007

Corporate Financial Services

Market Closed - Japan Exchange Other stock markets 07:30:00 05/06/2026 BST			5-day change	1st Jan Change
4,045.00 ^JPY	+2.53%		+1.89%	+0.37%

05-22	NEC Capital Solutions Finalizes Terms for 10 Billion Yen Bond for Individual Investors	MT
05-22	NEC Capital Solutions Issues 24 Billion Yen in Two Unsecured Bond Series	MT

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Published financial data: NEC CAPITAL SOLUTIONS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	221B	250B	258B	256B	255B
Interest And Invest. Income (Rev)	-	-	-	-	-
Other Revenues, Total	-	-	-	-	-
Total Revenues	221B	250B	258B	256B	255B
Cost of Goods Sold, Total	195B	218B	226B	223B	225B
Gross Profit	25.83B	31.7B	31.92B	32.59B	29.66B
Selling General & Admin Expenses, Total	17B	17.24B	17.41B	18.74B	19.82B
Provision for Bad Debts	2.04B	3.26B	2.1B	1.54B	1.45B
Depreciation & Amortization - (IS)	814M	755M	695M	616M	614M
Other Operating Expenses, Total	19.86B	21.25B	20.2B	20.89B	21.88B
Operating Income	5.96B	10.45B	11.72B	11.7B	7.78B
Interest Expense, Total	-19M	-22M	-25M	-490M	-281M
Interest And Investment Income	66M	629M	1.14B	595M	1.25B
Net Interest Expenses	47M	607M	1.12B	105M	965M
Income (Loss) On Equity Invest.	10M	-8M	-34M	53M	687M
Currency Exchange Gains (Loss)	191M	269M	-459M	-401M	-160M
Other Non Operating Income (Expenses)	-67M	118M	95M	-72M	161M
EBT, Excl. Unusual Items	6.15B	11.43B	12.44B	11.38B	9.44B
Gain (Loss) On Sale Of Investments	-57M	-12M	25M	330M	-571M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-	-	-21M	112M	-1M
EBT, Incl. Unusual Items	6.09B	11.42B	12.44B	11.82B	8.86B
Income Tax Expense	2.14B	2.31B	3.08B	3.92B	2.69B
Earnings From Continuing Operations	3.95B	9.11B	9.36B	7.9B	6.17B
Net Income to Company	3.95B	9.11B	9.36B	7.9B	6.17B
Minority Interest	167M	-2.17B	-2.94B	-870M	440M
Net Income - (IS)	4.12B	6.94B	6.42B	7.03B	6.61B
Net Income to Common Incl Extra Items	4.12B	6.94B	6.42B	7.03B	6.61B
Net Income to Common Excl. Extra Items	4.12B	6.94B	6.42B	7.03B	6.61B
Per Share Items
Net EPS - Basic	191.25	322.35	298.12	326.66	306.95
Basic EPS - Continuing Operations	191.25	322.35	298.12	326.66	306.95
Basic Weighted Average Shares Outstanding	21.53M	21.53M	21.53M	21.53M	21.54M
Net EPS - Diluted	191.25	322.35	298.12	326.66	306.95
Diluted EPS - Continuing Operations	191.25	322.35	298.12	326.66	306.95
Diluted Weighted Average Shares Outstanding	21.53M	21.53M	21.53M	21.53M	21.54M
Normalized Basic EPS	186.15	230.96	224.53	289.93	294.25
Normalized Diluted EPS	186.15	230.96	224.53	289.93	294.25
Dividend Per Share	60	74	110	130	150
Payout Ratio	34	16.93	27.61	43.5	48.66
Supplemental Items
EBITDA	21.79B	24.92B	30.65B	39.1B	38.24B
EBITA	7.1B	10.68B	11.92B	11.89B	7.99B
EBIT	5.96B	10.45B	11.72B	11.7B	7.78B
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	35.11	20.21	24.79	33.15	30.38
Total Current Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	4.01B	4.97B	4.83B	6.24B	6.34B
Non-Cash Pension Expense	63M	-215M	-2M	49M	-98M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	39.03B	37.71B	35.48B	53.84B	110B
Short Term Investments	-	-	-	-	546M
Total Cash And Short Term Investments	39.03B	37.71B	35.48B	53.84B	111B
Accounts Receivable, Total	843B	822B	836B	807B	819B
Other Receivables	176M	370M	753M	253M	273M
Notes Receivable	-	-	-	-	-
Total Receivables	843B	822B	837B	807B	819B
Inventory	23.23B	25.22B	23.83B	37.25B	55.22B
Prepaid Expenses	1.95B	2.58B	2.66B	3.28B	2.28B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	16.99B	11.18B	9.7B	28.18B	14.87B
Total Current Assets	924B	899B	908B	930B	1,002B
Net Property Plant And Equipment	66.7B	61.22B	63.38B	92.95B	111B
Long-term Investments	51.67B	53.07B	65.98B	76.75B	93.37B
Goodwill	1.73B	1.62B	1.56B	1.52B	1.3B
Other Intangibles, Total	3.29B	4.24B	7.61B	9.63B	11.66B
Deferred Tax Assets Long-Term	9.91B	11.48B	9.04B	6.92B	5.62B
Other Long-Term Assets, Total	1M	1M	2M	2M	1M
Total Assets	1,058B	1,031B	1,056B	1,117B	1,225B
Liabilities
Accounts Payable, Total	21.57B	12.98B	15.79B	12.09B	13.28B
Accrued Expenses, Total	6.29B	6.78B	7.72B	8.27B	8.68B
Short-term Borrowings	294B	243B	271B	313B	355B
Current Portion of Long-Term Debt	122B	202B	169B	125B	171B
Current Income Taxes Payable	5.36B	1.5B	1.69B	2.33B	3.46B
Unearned Revenue Current, Total	197M	203M	169M	278M	356M
Other Current Liabilities	18.72B	31.83B	30.16B	25.15B	19.67B
Total Current Liabilities	468B	498B	496B	486B	572B
Long-Term Debt	464B	398B	418B	481B	498B
Pension & Other Post Retirement Benefits	2.05B	2.08B	2.03B	1.91B	1.88B
Other Non Current Liabilities	9.24B	11.08B	10.15B	11.61B	10.77B
Total Liabilities	944B	909B	927B	981B	1,082B
Common Stock, Total	3.78B	3.78B	3.78B	3.78B	3.79B
Additional Paid In Capital	4.64B	4.64B	4.65B	4.66B	4.66B
Retained Earnings	86.81B	92.41B	97.13B	101B	105B
Treasury Stock	-	-9M	-9M	-9M	-10M
Comprehensive Income and Other	337M	2.39B	3.94B	6.12B	7.76B
Total Common Equity	95.57B	103B	109B	116B	121B
Minority Interest	18.32B	18.53B	19.32B	21.05B	21.38B
Total Equity	114B	122B	129B	137B	142B
Total Liabilities And Equity	1,058B	1,031B	1,056B	1,117B	1,225B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	21.53M	21.53M	21.53M	21.53M	21.54M
ECS Total Common Shares Outstanding	21.53M	21.53M	21.53M	21.53M	21.54M
Book Value / Share	4.44K	4.79K	5.09K	5.37K	5.62K
Tangible Book Value	90.56B	97.34B	100B	105B	108B
Tangible Book Value Per Share	4.21K	4.52K	4.66K	4.86K	5.02K
Total Debt	880B	842B	859B	919B	1,024B
Net Debt	841B	805B	824B	865B	913B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.72B	1.71B	1.7B	1.46B	1.51B
Minority Interest, Total (Incl. Fin. Div)	18.32B	18.53B	19.32B	21.05B	21.38B
Account Code - Inventory Valuation	-	-	-	-	-
Inventories - Work In Process, Total	-	-	-	3.28B	4.21B
Inventories - Finished Goods, Total	23.23B	25.22B	23.83B	33.97B	51B
Full Time Employees	811	812	866	880	860
Accumulated Allowance for Doubtful Accounts (Supple)	8.01B	10.16B	9.84B	8.38B	8.24B

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	6.09B	11.42B	12.44B	11.82B	8.86B
Depreciation & Amortization - CF	14.7B	14.23B	18.73B	27.21B	30.25B
Amortization of Goodwill and Intangible Assets - (CF)	1.13B	238M	200M	197M	206M
Depreciation & Amortization, Total	15.83B	14.47B	18.93B	27.4B	30.46B
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-494M	-57M	-24M	-742M	43M
(Income) Loss On Equity Investments - (CF)	-10M	8M	34M	-53M	-687M
Other Operating Activities, Total	-16.9B	-10.68B	-13.17B	-40.1B	-36.39B
Change In Accounts Receivable	1.03B	3.59B	-28.59B	1.5B	10.75B
Change In Inventories	-6.43B	-2.31B	1.1B	-13.87B	-18.55B
Change In Accounts Payable	5.38B	-10.39B	2.53B	-5.52B	2.22B
Change in Other Net Operating Assets	-33.27B	40.76B	6.78B	-1.79B	-30.71B
Cash from Operations	-28.76B	46.82B	29M	-21.34B	-34B
Capital Expenditure	-765M	-1.14B	-4.07B	-3.02B	-3.22B
Cash Acquisitions	-3.53B	-	-	-	-
Divestitures	-	-	-	355M	-
Investment in Marketable and Equity Securities, Total	-2.73B	645M	-5.72B	-5.11B	-11.7B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	327M	-9M	208M	-543M	-93M
Cash from Investing	-6.7B	-501M	-9.58B	-8.31B	-15.01B
Short Term Debt Issued, Total	-	-	27.82B	36.94B	51.3B
Long-Term Debt Issued, Total	149B	133B	198B	188B	258B
Total Debt Issued	149B	133B	225B	225B	309B
Short Term Debt Repaid, Total	-13.17B	-53.44B	-	-	-6B
Long-Term Debt Repaid, Total	-108B	-123B	-211B	-171B	-194B
Total Debt Repaid	-121B	-176B	-211B	-171B	-200B
Issuance of Common Stock	-	50M	-	-	-
Repurchase of Common Stock	-	-59M	-	-	-
Common Dividends Paid	-1.4B	-1.18B	-1.77B	-3.06B	-3.22B
Common & Preferred Stock Dividends Paid	-1.4B	-1.18B	-1.77B	-3.06B	-3.22B
Other Financing Activities, Total	4.3B	-2.85B	-5.22B	-820M	-396M
Cash from Financing	30.96B	-46.93B	7.88B	49.34B	106B
Foreign Exchange Rate Adjustments	1.03B	-438M	-95M	-1.46B	-250M
Miscellaneous Cash Flow Adjustments	-715M	-304M	-136M	-63M	-2M
Net Change in Cash	-4.19B	-1.36B	-1.91B	18.16B	56.37B
Supplemental Items
Cash Interest Paid	3.66B	3.94B	4.91B	7.42B	10.63B
Cash Income Tax Paid (Refund)	1.86B	8.5B	1.65B	855M	1.74B
Levered Free Cash Flow	-34.02B	45.06B	12.87B	21.03B	13.55B
Unlevered Free Cash Flow	-34.01B	45.07B	12.88B	21.34B	13.73B
Change In Net Working Capital	52.8B	-25.21B	9.3B	10.36B	18.38B
Net Debt Issued / Repaid	28.06B	-42.9B	14.87B	53.22B	109B

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.36	0.63	0.7	0.67	0.42
Return on Total Capital	0.38	0.67	0.75	0.72	0.44
Return On Equity %	3.61	7.74	7.47	5.95	4.42
Return on Common Equity	4.37	6.98	6.03	6.25	5.58
Margin Analysis
Gross Profit Margin %	11.67	12.69	12.37	12.74	11.64
SG&A Margin	7.69	6.9	6.74	7.32	7.78
EBITDA Margin %	9.85	9.97	11.87	15.28	15
EBITA Margin %	3.21	4.28	4.62	4.65	3.13
EBIT Margin %	2.7	4.18	4.54	4.57	3.05
Income From Continuing Operations Margin %	1.79	3.65	3.63	3.09	2.42
Net Income Margin %	1.86	2.78	2.49	2.75	2.59
Net Avail. For Common Margin %	1.86	2.78	2.49	2.75	2.59
Normalized Net Income Margin	1.81	1.99	1.87	2.44	2.49
Levered Free Cash Flow Margin	-15.38	18.03	4.98	8.22	5.32
Unlevered Free Cash Flow Margin	-15.37	18.04	4.99	8.34	5.39
Asset Turnover
Asset Turnover	0.22	0.24	0.25	0.24	0.22
Fixed Assets Turnover	3.47	3.91	4.14	3.27	2.51
Receivables Turnover (Average Receivables)	0.32	0.3	0.31	0.31	0.31
Inventory Turnover (Average Inventory)	9.72	9.01	9.22	7.31	4.87
Short Term Liquidity
Current Ratio	1.97	1.81	1.83	1.91	1.75
Quick Ratio	1.88	1.73	1.76	1.77	1.63
Operating Cash Flow to Current Liabilities	-0.06	0.09	0	-0.04	-0.06
Days Sales Outstanding (Average Receivables)	1.14K	1.22K	1.17K	1.17K	1.16K
Days Outstanding Inventory (Average Inventory)	37.56	40.52	39.58	50.06	74.93
Average Days Payable Outstanding	34.53	28.63	23.36	21.56	19.04
Cash Conversion Cycle (Average Days)	1.14K	1.23K	1.19K	1.2K	1.22K
Long Term Solvency
Total Debt/Equity	773.02	691.99	667.12	671.79	719.41
Total Debt / Total Capital	88.55	87.37	86.96	87.04	87.8
LT Debt/Equity	407.69	326.76	324.88	351.6	349.77
Long-Term Debt / Total Capital	46.7	41.26	42.35	45.56	42.69
Total Liabilities / Total Assets	89.23	88.19	87.8	87.76	88.37
EBIT / Interest Expense	313.95	474.86	468.64	23.87	27.7
EBITDA / Interest Expense	1.15K	1.13K	1.23K	79.8	136.09
(EBITDA - Capex) / Interest Expense	1.11K	1.08K	1.06K	73.64	124.65
Total Debt / EBITDA	40.4	33.81	28.04	23.5	26.79
Net Debt / EBITDA	38.61	32.3	26.88	22.13	23.89
Total Debt / (EBITDA - Capex)	41.87	35.43	32.33	25.47	29.24
Net Debt / (EBITDA - Capex)	40.01	33.84	31	23.97	26.08
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	0.24	12.95	3.28	-0.87	-0.38
Gross Profit, 1 Yr. Growth %	-6.36	22.74	0.69	2.1	-8.99
EBITDA, 1 Yr. Growth %	-3.12	14.33	23.01	27.58	-2.19
EBITA, 1 Yr. Growth %	-24.47	50.6	11.52	-0.19	-32.83
EBIT, 1 Yr. Growth %	-28.07	75.14	12.15	-0.17	-33.46
Earnings From Cont. Operations, 1 Yr. Growth %	-43.68	130.65	2.69	-15.54	-21.93
Net Income, 1 Yr. Growth %	-19.54	68.5	-7.51	9.6	-6.01
Normalized Net Income, 1 Yr. Growth %	5.28	24.03	-2.77	29.16	1.51
Diluted EPS Before Extra, 1 Yr. Growth %	-19.53	68.55	-7.52	9.57	-6.04
Accounts Receivable, 1 Yr. Growth %	56.04	-2.5	1.7	-3.48	1.49
Inventory, 1 Yr. Growth %	36.68	8.58	-5.53	56.35	48.21
Net Property, Plant and Equip., 1 Yr. Growth %	9.57	-8.22	3.54	46.66	18.92
Total Assets, 1 Yr. Growth %	6.03	-2.56	2.45	5.82	9.61
Tangible Book Value, 1 Yr. Growth %	2.83	7.5	3.05	4.26	3.29
Common Equity, 1 Yr. Growth %	3.07	8	6.08	5.71	4.54
Cash From Operations, 1 Yr. Growth %	-58.85	-262.75	-99.94	-73.7K	59.32
Capital Expenditures, 1 Yr. Growth %	-50.9	48.63	257.7	-25.87	6.67
Levered Free Cash Flow, 1 Yr. Growth %	-44.31	-232.44	-71.44	63.48	-35.57
Unlevered Free Cash Flow, 1 Yr. Growth %	-44.32	-232.52	-71.42	65.66	-35.67
Dividend Per Share, 1 Yr. Growth %	0	23.33	48.65	18.18	15.38
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	4.11	6.41	8.01	1.18	-0.63
Gross Profit, 2 Yr. CAGR %	0.46	7.21	11.17	1.39	-3.6
EBITDA, 2 Yr. CAGR %	3.45	5.24	18.59	25.27	11.71
EBITA, 2 Yr. CAGR %	-16.77	6.65	29.6	5.5	-18.12
EBIT, 2 Yr. CAGR %	-19.08	12.24	40.15	5.81	-18.5
Earnings From Cont. Operations, 2 Yr. CAGR %	-29.39	13.98	53.9	-6.87	-18.79
Net Income, 2 Yr. CAGR %	-19.73	16.44	24.84	0.68	1.49
Normalized Net Income, 2 Yr. CAGR %	-1.61	14.27	9.82	12.06	14.5
Diluted EPS Before Extra, 2 Yr. CAGR %	-19.73	16.46	24.85	0.67	1.47
Accounts Receivable, 2 Yr. CAGR %	32.51	23.35	-0.42	-0.93	-1.03
Inventory, 2 Yr. CAGR %	149.22	21.82	1.28	21.53	52.23
Net Property, Plant and Equip., 2 Yr. CAGR %	5.84	0.28	-2.52	23.23	32.06
Total Assets, 2 Yr. CAGR %	8.67	1.65	-0.08	4.12	7.7
Tangible Book Value, 2 Yr. CAGR %	4.42	5.14	5.25	3.66	3.78
Common Equity, 2 Yr. CAGR %	3.64	5.5	7.04	5.9	5.13
Cash From Operations, 2 Yr. CAGR %	125.42	-18.16	-96.83	-32.48	3.32K
Capital Expenditures, 2 Yr. CAGR %	-31.95	-14.57	130.57	62.84	-11.08
Levered Free Cash Flow, 2 Yr. CAGR %	-4.81	-14.12	-38.5	-31.68	2.63
Unlevered Free Cash Flow, 2 Yr. CAGR %	-4.85	-14.1	-38.46	-31.19	3.23
Dividend Per Share, 2 Yr. CAGR %	4.45	11.06	35.4	32.54	16.77
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.49	6.98	5.35	4.96	0.66
Gross Profit, 3 Yr. CAGR %	-3.74	7.4	4.99	8.06	-2.19
EBITDA, 3 Yr. CAGR %	-3.48	6.95	10.86	21.51	15.35
EBITA, 3 Yr. CAGR %	-19.81	1.42	8.25	18.79	-9.24
EBIT, 3 Yr. CAGR %	-22.22	4.67	12.21	25.16	-9.35
Earnings From Cont. Operations, 3 Yr. CAGR %	-27.63	4.77	10.08	26	-12.19
Net Income, 3 Yr. CAGR %	-11.82	2.78	7.84	19.54	-1.6
Normalized Net Income, 3 Yr. CAGR %	0.09	6.29	8.28	15.92	8.43
Diluted EPS Before Extra, 3 Yr. CAGR %	-11.82	2.79	7.85	19.54	-1.62
Accounts Receivable, 3 Yr. CAGR %	4.5	19.63	15.66	-1.45	-0.13
Inventory, 3 Yr. CAGR %	53.26	88.93	11.92	17.05	29.85
Net Property, Plant and Equip., 3 Yr. CAGR %	6.76	0.93	1.35	11.7	21.77
Total Assets, 3 Yr. CAGR %	5.28	4.79	1.91	1.85	5.92
Tangible Book Value, 3 Yr. CAGR %	4.97	5.43	4.44	4.92	3.53
Common Equity, 3 Yr. CAGR %	4.16	5.08	5.7	6.59	5.44
Cash From Operations, 3 Yr. CAGR %	-3.08	102.22	-92.55	-9.47	-10.11
Capital Expenditures, 3 Yr. CAGR %	13.23	-11.71	37.69	57.96	41.42
Levered Free Cash Flow, 3 Yr. CAGR %	24.92	6.26	-40.5	-14.81	-33
Unlevered Free Cash Flow, 3 Yr. CAGR %	24.94	6.26	-40.48	-14.39	-32.72
Dividend Per Share, 3 Yr. CAGR %	6.27	10.4	22.39	29.4	26.56
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.77	2.99	2.21	4.62	2.92
Gross Profit, 5 Yr. CAGR %	3.98	6.34	1.97	4.96	1.46
EBITDA, 5 Yr. CAGR %	7.02	8.22	4.81	13.94	11.2
EBITA, 5 Yr. CAGR %	3.59	8.51	-2.84	3.04	-3.19
EBIT, 5 Yr. CAGR %	4.13	11.64	-1.56	5.12	-1.26
Earnings From Cont. Operations, 5 Yr. CAGR %	6.91	12.4	-2.13	-0.05	-2.53
Net Income, 5 Yr. CAGR %	4.31	14.56	1.34	1.94	5.25
Normalized Net Income, 5 Yr. CAGR %	-1.33	14.45	3.87	8.56	10.73
Diluted EPS Before Extra, 5 Yr. CAGR %	4.32	14.57	1.34	1.94	5.25
Accounts Receivable, 5 Yr. CAGR %	5.24	3.95	2.5	10.94	8.67
Inventory, 5 Yr. CAGR %	-10.16	-2.21	29.86	58.37	26.57
Net Property, Plant and Equip., 5 Yr. CAGR %	6.02	4.24	2.95	9.32	12.67
Total Assets, 5 Yr. CAGR %	4.99	3.67	3.1	4.52	4.19
Tangible Book Value, 5 Yr. CAGR %	6.53	6.44	5.08	4.72	4.17
Common Equity, 5 Yr. CAGR %	4.69	5.45	5.3	5.4	5.47
Cash From Operations, 5 Yr. CAGR %	9.82	51.5	-75.31	30.4	-13.42
Capital Expenditures, 5 Yr. CAGR %	-25.48	-9.22	50.48	12.79	15.6
Levered Free Cash Flow, 5 Yr. CAGR %	28.93	95.73	-5.92	-10.94	-26.01
Unlevered Free Cash Flow, 5 Yr. CAGR %	28.99	96.22	-5.88	-10.69	-25.81
Dividend Per Share, 5 Yr. CAGR %	6.4	10.96	17.08	18.77	20.11