Cash flow Niitaka Co., Ltd.

Equities

4465

JP3657250001

Household Products

Market Closed - Japan Exchange Other stock markets 07:00:00 18/09/2024 BST			5-day change	1st Jan Change
1,879.00 ^JPY	+0.59%		+1.57%	+0.05%

2023	Niitaka Co., Ltd. acquired 90% stake in Biobank Co., Ltd.	CI
2023	Niitaka Co., Ltd. signed a letter of intent to acquire Keiyo Molasses Transportation Co., Ltd.	CI

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Published financial data: NIITAKA CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: May	2020	2021	2022	2023	2024
Revenues	17.72B	18.44B	17.79B	19.5B	22.74B
Total Revenues	17.72B	18.44B	17.79B	19.5B	22.74B
Cost of Goods Sold, Total	10.21B	10.28B	10.5B	12.82B	14.6B
Gross Profit	7.51B	8.16B	7.29B	6.68B	8.14B
Selling General & Admin Expenses, Total	5.89B	5.71B	5.46B	5.83B	6.66B
Provision for Bad Debts	85M	9M	6M	-2M	4M
Other Operating Expenses, Total	5.98B	5.72B	5.47B	5.83B	6.66B
Operating Income	1.53B	2.44B	1.82B	855M	1.48B
Interest Expense, Total	-9M	-12M	-10M	-8M	-9M
Interest And Investment Income	18M	20M	18M	19M	21M
Net Interest Expenses	9M	8M	8M	11M	12M
Currency Exchange Gains (Loss)	2M	-12M	-4M	-	-4M
Other Non Operating Income (Expenses)	27M	32M	30M	20M	13M
EBT, Excl. Unusual Items	1.57B	2.47B	1.86B	886M	1.5B
Gain (Loss) On Sale Of Investments	-39M	-	-55M	10M	-
Gain (Loss) On Sale Of Assets	-2M	-1M	8M	-	-1M
Asset Writedown	-	-1.06B	-	-38M	-
Other Unusual Items	51M	0	-	40M	-688M
EBT, Incl. Unusual Items	1.58B	1.41B	1.81B	898M	809M
Income Tax Expense	523M	709M	577M	337M	95M
Earnings From Continuing Operations	1.06B	697M	1.23B	561M	714M
Net Income to Company	1.06B	697M	1.23B	561M	714M
Minority Interest	-	-	-	-	-9M
Net Income - (IS)	1.06B	697M	1.23B	561M	705M
Net Income to Common Incl Extra Items	1.06B	697M	1.23B	561M	705M
Net Income to Common Excl. Extra Items	1.06B	697M	1.23B	561M	705M
Per Share Items
Net EPS - Basic	179.21	118.06	208.52	95.03	119.42
Basic EPS - Continuing Operations	179.21	118.06	208.52	95.03	119.42
Basic Weighted Average Shares Outstanding	5.9M	5.9M	5.9M	5.9M	5.9M
Net EPS - Diluted	179.21	118.06	208.52	95.03	119.42
Diluted EPS - Continuing Operations	179.21	118.06	208.52	95.03	119.42
Diluted Weighted Average Shares Outstanding	5.9M	5.9M	5.9M	5.9M	5.9M
Normalized Basic EPS	166.32	261.07	196.39	93.8	157.07
Normalized Diluted EPS	166.32	261.07	196.39	93.8	157.07
Dividend Per Share	26	26	28	64	44
Payout Ratio	14.46	21.95	12.92	48.31	45.11
Supplemental Items
EBITDA	2.12B	3.07B	2.44B	1.43B	2.02B
EBITA	1.53B	2.44B	1.82B	855M	1.48B
EBIT	1.53B	2.44B	1.82B	855M	1.48B
Effective Tax Rate - (Ratio)	33.08	50.43	31.91	37.53	11.74
Normalized Net Income	982M	1.54B	1.16B	554M	927M
Non-Cash Pension Expense	-14.02M	-7.13M	-11.35M	-18.72M	11.06M
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.35B	1.34B	1.33B	1.41B	1.51B
Research And Development Expense From Footnotes	304M	295M	209M	270M	303M

Fiscal Period: May	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	2.29B	5.75B	6.06B	6.74B	6.97B
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	2.29B	5.75B	6.06B	6.74B	6.97B
Accounts Receivable, Total	3.94B	3.62B	4.02B	4.53B	4.49B
Total Receivables	3.94B	3.62B	4.02B	4.53B	4.49B
Inventory	1.52B	1.51B	1.42B	2.06B	2.03B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	156M	61M	109M	329M	230M
Total Current Assets	7.91B	10.95B	11.6B	13.67B	13.72B
Net Property Plant And Equipment	7.98B	7.62B	7.51B	8.09B	7.28B
Long-term Investments	708M	1.02B	932M	860M	571M
Goodwill	2M	-	-	208M	152M
Other Intangibles, Total	650M	360M	260M	175M	133M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	530M	510M	484M	566M	875M
Other Long-Term Assets, Total	2M	2M	3M	2M	1M
Total Assets	17.78B	20.47B	20.8B	23.57B	22.74B
Liabilities
Accounts Payable, Total	2.42B	2.14B	2.54B	3.4B	3.32B
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	299M	625M	766M	677M	566M
Current Portion of Leases	43M	4M	3M	3M	4M
Current Income Taxes Payable	683M	1.03B	549M	1.4B	773M
Other Current Liabilities	645M	803M	572M	603M	1.05B
Total Current Liabilities	4.09B	4.6B	4.43B	6.09B	5.71B
Long-Term Debt	1.49B	3.06B	2.29B	2.79B	1.94B
Long-Term Leases	16M	12M	8M	4M	-
Pension & Other Post Retirement Benefits	1.34B	1.37B	1.41B	1.48B	1.52B
Deferred Tax Liability Non Current	25M	17M	19M	14M	17M
Other Non Current Liabilities	258M	117M	117M	226M	166M
Total Liabilities	7.22B	9.18B	8.27B	10.6B	9.36B
Common Stock, Total	585M	585M	585M	585M	585M
Additional Paid In Capital	595M	595M	595M	595M	614M
Retained Earnings	9.47B	10.01B	11.08B	11.38B	11.76B
Treasury Stock	-50M	-50M	-51M	-51M	-51M
Comprehensive Income and Other	-39M	149M	309M	361M	474M
Total Common Equity	10.56B	11.29B	12.52B	12.86B	13.38B
Minority Interest	-	-	-	101M	-
Total Equity	10.56B	11.29B	12.52B	12.97B	13.38B
Total Liabilities And Equity	17.78B	20.47B	20.8B	23.57B	22.74B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	5.9M	5.9M	5.9M	5.9M	5.9M
ECS Total Common Shares Outstanding	5.9M	5.9M	5.9M	5.9M	5.9M
Book Value / Share	1.79K	1.91K	2.12K	2.18K	2.27K
Tangible Book Value	9.91B	10.93B	12.26B	12.48B	13.1B
Tangible Book Value Per Share	1.68K	1.85K	2.08K	2.11K	2.22K
Total Debt	1.85B	3.7B	3.07B	3.47B	2.51B
Net Debt	-445M	-2.06B	-2.99B	-3.27B	-4.46B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.34B	1.37B	1.41B	1.49B	1.52B
Minority Interest, Total (Incl. Fin. Div)	-	-	-	101M	-
Inventories - Raw Materials, Total	496M	537M	526M	690M	637M
Inventories - Work In Process, Total	30M	28M	34M	265M	374M
Inventories - Finished Goods, Total	996M	943M	858M	1.11B	1.02B
Inventories - Others	-	1M	-	1M	1M
Full Time Employees	358	344	339	394	394
Accumulated Allowance for Doubtful Accounts (Supple)	4M	4M	4M	9M	9M

Fiscal Period: May	2020	2021	2022	2023	2024
Net Income	1.58B	1.41B	1.81B	898M	811M
Depreciation & Amortization - CF	582M	634M	617M	573M	548M
Depreciation & Amortization, Total	582M	634M	617M	573M	548M
(Gain) Loss From Sale Of Asset	2M	1.06B	-8M	-	-
(Gain) Loss on Sale of Investments - (CF)	29M	-	55M	-	-
Other Operating Activities, Total	-284M	-614M	-798M	-506M	-123M
Change In Accounts Receivable	-109M	312M	-393M	-234M	43M
Change In Inventories	-267M	24M	110M	-199M	97M
Change In Accounts Payable	-45M	-75M	204M	517M	-761M
Change in Other Net Operating Assets	211M	-29M	-9M	31M	683M
Cash from Operations	1.7B	2.72B	1.59B	1.08B	1.3B
Capital Expenditure	-772M	-756M	-614M	-135M	-121M
Sale of Property, Plant, and Equipment	-	-	30M	-	8M
Cash Acquisitions	-21M	-518M	-48M	-580M	-
Sale (Purchase) of Intangible assets	-369M	-46M	-28M	-6M	-6M
Investment in Marketable and Equity Securities, Total	-2M	254M	-2M	31M	-142M
Net (Increase) Decrease in Loans Originated / Sold - Investing	7M	-44M	31M	-	-
Other Investing Activities, Total	223M	29M	16M	1M	363M
Cash from Investing	-934M	-1.08B	-615M	-689M	102M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	2.5B	-	1B	-
Total Debt Issued	-	2.5B	-	1B	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-295M	-609M	-625M	-817M	-954M
Total Debt Repaid	-295M	-609M	-625M	-817M	-954M
Common & Preferred Stock Dividends Paid	-153M	-153M	-159M	-271M	-318M
Common & Preferred Stock Dividends Paid	-153M	-153M	-159M	-271M	-318M
Other Financing Activities, Total	-16M	-11M	-4M	-3M	-101M
Cash from Financing	-464M	1.73B	-788M	-91M	-1.37B
Foreign Exchange Rate Adjustments	-33M	95M	121M	9M	60M
Miscellaneous Cash Flow Adjustments	-2M	-	-1M	378M	-
Net Change in Cash	268M	3.46B	303M	687M	87M
Supplemental Items
Cash Interest Paid	9M	12M	10M	8M	9M
Cash Income Tax Paid (Refund)	284M	617M	798M	506M	125M
Levered Free Cash Flow	152M	1.99B	445M	1.33B	1.25B
Unlevered Free Cash Flow	158M	2B	451M	1.33B	1.25B
Change In Net Working Capital	241M	-644M	662M	-367M	92M
Net Debt Issued / Repaid	-295M	1.89B	-625M	183M	-954M

Fiscal Period: May	2020	2021	2022	2023	2024
Profitability
Return on Assets	5.49	7.97	5.52	2.41	3.99
Return on Total Capital	7.89	11.12	7.44	3.34	5.71
Return On Equity %	10.44	6.38	10.34	4.4	5.42
Return on Common Equity	10.44	6.38	10.34	4.42	5.37
Margin Analysis
Gross Profit Margin %	42.37	44.26	40.98	34.28	35.78
SG&A Margin	33.24	30.99	30.71	29.9	29.27
EBITDA Margin %	11.93	16.66	13.7	7.32	8.91
EBITA Margin %	8.65	13.22	10.23	4.38	6.5
EBIT Margin %	8.65	13.22	10.23	4.38	6.5
Income From Continuing Operations Margin %	5.97	3.78	6.92	2.88	3.14
Net Income Margin %	5.97	3.78	6.92	2.88	3.1
Net Avail. For Common Margin %	5.97	3.78	6.92	2.88	3.1
Normalized Net Income Margin	5.54	8.36	6.52	2.84	4.08
Levered Free Cash Flow Margin	0.86	10.81	2.5	6.81	5.48
Unlevered Free Cash Flow Margin	0.89	10.85	2.54	6.84	5.51
Asset Turnover
Asset Turnover	1.02	0.96	0.86	0.88	0.98
Fixed Assets Turnover	2.24	2.36	2.35	2.5	2.96
Receivables Turnover (Average Receivables)	4.56	4.88	4.65	4.56	5.04
Inventory Turnover (Average Inventory)	7.34	6.78	7.18	7.37	7.13
Short Term Liquidity
Current Ratio	1.93	2.38	2.62	2.25	2.4
Quick Ratio	1.52	2.04	2.27	1.85	2.01
Operating Cash Flow to Current Liabilities	0.42	0.59	0.36	0.18	0.23
Days Sales Outstanding (Average Receivables)	80.26	74.84	78.42	80.01	72.59
Days Outstanding Inventory (Average Inventory)	49.9	53.83	50.87	49.56	51.32
Average Days Payable Outstanding	87.16	81.02	82.03	80.61	84.44
Cash Conversion Cycle (Average Days)	43	47.65	47.26	48.96	39.47
Long Term Solvency
Total Debt/Equity	17.51	32.75	24.5	26.77	18.78
Total Debt / Total Capital	14.9	24.67	19.68	21.12	15.81
LT Debt/Equity	14.27	27.18	18.36	21.53	14.52
Long-Term Debt / Total Capital	12.14	20.47	14.75	16.98	12.23
Total Liabilities / Total Assets	40.6	44.83	39.78	44.98	41.15
EBIT / Interest Expense	170.33	203.17	182.1	106.88	164.11
EBITDA / Interest Expense	235	256	243.8	178.5	225
(EBITDA - Capex) / Interest Expense	149.22	193	182.4	161.62	211.56
Total Debt / EBITDA	0.87	1.2	1.26	2.43	1.24
Net Debt / EBITDA	-0.21	-0.67	-1.23	-2.29	-2.2
Total Debt / (EBITDA - Capex)	1.38	1.6	1.68	2.68	1.32
Net Debt / (EBITDA - Capex)	-0.33	-0.89	-1.64	-2.53	-2.34
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1.33	4.02	-3.49	9.62	16.59
Gross Profit, 1 Yr. Growth %	6.22	8.67	-10.65	-8.31	21.71
EBITDA, 1 Yr. Growth %	26.34	45.25	-20.64	-41.43	41.81
EBITA, 1 Yr. Growth %	32.04	59.03	-25.31	-53.05	72.75
EBIT, 1 Yr. Growth %	32.04	59.03	-25.31	-53.05	72.75
Earnings From Cont. Operations, 1 Yr. Growth %	28.71	-34.12	76.61	-54.43	27.27
Net Income, 1 Yr. Growth %	28.71	-34.12	76.61	-54.43	25.67
Normalized Net Income, 1 Yr. Growth %