Cash flow Sanyo Electric Railway Co.,Ltd.

Equities

9052

JP3341600009

Passenger Transportation, Ground & Sea

Delayed Japan Exchange Other stock markets 01:52:41 12/03/2026 GMT			5-day change	1st Jan Change
2,014.00 ^JPY	-1.03%		-1.66%	-3.41%

02-13	Sanyo Electric Railway Co.,Ltd. Reports Earnings Results for the Nine Months Ended December 31, 2025	CI
02-13	Sanyo Electric Railway Co.,Ltd. Provides Consolidated Earnings Guidance for Fiscal Year Ending March 31, 2026	CI

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Published financial data: SANYO ELECTRIC RAILWAY CO.,LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	43.49B	34.15B	38.91B	39.22B	38.49B
Total Revenues	43.49B	34.15B	38.91B	39.22B	38.49B
Cost of Goods Sold, Total	37.8B	27.69B	30.2B	29.62B	29.13B
Gross Profit	5.68B	6.46B	8.72B	9.6B	9.36B
Selling General & Admin Expenses, Total	4.46B	4.54B	4.8B	4.82B	4.82B
Depreciation & Amortization - (IS)	288M	279M	272M	321M	346M
Other Operating Expenses	155M	143M	150M	132M	131M
Other Operating Expenses, Total	4.9B	4.96B	5.22B	5.28B	5.29B
Operating Income	782M	1.5B	3.49B	4.33B	4.07B
Interest Expense, Total	-251M	-244M	-246M	-265M	-341M
Interest And Investment Income	159M	164M	180M	205M	279M
Net Interest Expenses	-92M	-80M	-66M	-60M	-62M
Income (Loss) On Equity Invest.	1M	-	-	1M	1M
Other Non Operating Income (Expenses)	248M	366M	375M	200M	180M
EBT, Excl. Unusual Items	939M	1.79B	3.8B	4.47B	4.18B
Gain (Loss) On Sale Of Investments	-10M	3M	-	-	37M
Gain (Loss) On Sale Of Assets	-	6.74B	-	-33M	19M
Asset Writedown	-627M	-592M	-236M	-7M	-229M
Other Unusual Items	527M	564M	210M	1M	206M
EBT, Incl. Unusual Items	829M	8.5B	3.78B	4.43B	4.22B
Income Tax Expense	369M	2.54B	1.11B	1.32B	1.19B
Earnings From Continuing Operations	460M	5.97B	2.66B	3.11B	3.03B
Net Income to Company	460M	5.97B	2.66B	3.11B	3.03B
Minority Interest	-38M	-	-	-	-
Net Income - (IS)	422M	5.97B	2.66B	3.11B	3.03B
Net Income to Common Incl Extra Items	422M	5.97B	2.66B	3.11B	3.03B
Net Income to Common Excl. Extra Items	422M	5.97B	2.66B	3.11B	3.03B
Per Share Items
Net EPS - Basic	18.99	268.55	119.9	139.98	136.42
Basic EPS - Continuing Operations	18.99	268.55	119.9	139.98	136.42
Basic Weighted Average Shares Outstanding	22.22M	22.22M	22.22M	22.22M	22.22M
Net EPS - Diluted	18.99	268.55	119.9	139.98	136.42
Diluted EPS - Continuing Operations	18.99	268.55	119.9	139.98	136.42
Diluted Weighted Average Shares Outstanding	22.22M	22.22M	22.22M	22.22M	22.22M
Normalized Basic EPS	24.7	50.27	106.95	125.69	117.73
Normalized Diluted EPS	24.7	50.27	106.95	125.69	117.73
Dividend Per Share	15	30	30	30	35
Payout Ratio	78.91	11.16	25.04	21.45	22.01
Supplemental Items
EBITDA	4.7B	5.54B	7.7B	8.02B	7.82B
EBITA	782M	1.5B	3.49B	4.33B	4.07B
EBIT	782M	1.5B	3.49B	4.33B	4.07B
Effective Tax Rate - (Ratio)	44.51	29.82	29.45	29.78	28.14
Normalized Net Income	549M	1.12B	2.38B	2.79B	2.62B
Non-Cash Pension Expense	-87M	-130M	-94M	-120M	-167M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	6.04B	6.78B	8.37B	5.78B	8.86B
Short Term Investments	-	2B	-	-	-
Total Cash And Short Term Investments	6.04B	8.78B	8.37B	5.78B	8.86B
Accounts Receivable, Total	2.8B	3.72B	3.35B	3.36B	3.75B
Total Receivables	2.8B	3.72B	3.35B	3.36B	3.75B
Inventory	6.24B	5.87B	7.1B	5.04B	4.87B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	1.98B	1.38B	1.79B	1.43B	1.66B
Total Current Assets	17.05B	19.76B	20.6B	15.6B	19.14B
Net Property Plant And Equipment	72.16B	78.74B	79.36B	84.29B	87.09B
Long-term Investments	9.7B	9.48B	10.34B	13.73B	15.45B
Other Intangibles, Total	450M	613M	646M	694M	743M
Loans Receivable Long-Term	56M	51M	53M	46M	42M
Deferred Tax Assets Long-Term	179M	117M	159M	175M	223M
Other Long-Term Assets, Total	2M	1M	2M	1M	-
Total Assets	99.6B	109B	111B	115B	123B
Liabilities
Accounts Payable, Total	7.11B	7.22B	4.75B	4.49B	5.6B
Accrued Expenses, Total	501M	643M	573M	599M	587M
Short-term Borrowings	5.95B	5.46B	7.7B	5.65B	5.97B
Current Portion of Long-Term Debt	-	-	-	-	-
Current Income Taxes Payable	64M	925M	563M	945M	496M
Other Current Liabilities	7.84B	8.36B	9.11B	7.73B	7.45B
Total Current Liabilities	21.46B	22.61B	22.7B	19.41B	20.1B
Long-Term Debt	30.5B	32.47B	32.07B	33.54B	37.2B
Pension & Other Post Retirement Benefits	1.52B	1.63B	1.54B	1.33B	1.38B
Deferred Tax Liability Non Current	141M	1.57B	2.05B	3.01B	3.61B
Other Non Current Liabilities	4.15B	3.5B	3.16B	2.87B	2.83B
Total Liabilities	57.76B	61.78B	61.52B	60.16B	65.12B
Common Stock, Total	10.09B	10.09B	10.09B	10.09B	10.09B
Additional Paid In Capital	7.04B	7.04B	7.06B	7.06B	7.06B
Retained Earnings	22.57B	27.81B	29.81B	32.26B	34.62B
Treasury Stock	-175M	-177M	-198M	-201M	-196M
Comprehensive Income and Other	2.32B	2.21B	2.88B	5.18B	6B
Total Common Equity	41.84B	46.97B	49.64B	54.38B	57.57B
Minority Interest	-	-	-	-	-
Total Equity	41.84B	46.97B	49.64B	54.38B	57.57B
Total Liabilities And Equity	99.6B	109B	111B	115B	123B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	22.22M	22.22M	22.22M	22.22M	22.22M
ECS Total Common Shares Outstanding	22.22M	22.22M	22.22M	22.22M	22.22M
Book Value / Share	1.88K	2.11K	2.23K	2.45K	2.59K
Tangible Book Value	41.39B	46.36B	49B	53.68B	56.83B
Tangible Book Value Per Share	1.86K	2.09K	2.21K	2.42K	2.56K
Total Debt	36.44B	37.94B	39.77B	39.19B	43.18B
Net Debt	30.41B	29.15B	31.4B	33.41B	34.32B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-1.07B	-983M	-1.22B	-1.85B	-1.92B
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Inventories - Finished Goods, Total	6.24B	5.87B	7.1B	5.04B	4.87B
Full Time Employees	2K	2.01K	1.96K	1.96K	2K
Accumulated Allowance for Doubtful Accounts (Supple)	2M	10M	14M	2M	2M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	830M	8.5B	3.78B	4.43B	4.22B
Depreciation & Amortization - CF	3.92B	4.04B	4.21B	3.69B	3.76B
Depreciation & Amortization, Total	3.92B	4.04B	4.21B	3.69B	3.76B
(Gain) Loss From Sale Of Asset	346M	-6.63B	96M	131M	89M
(Gain) Loss on Sale of Investments - (CF)	33M	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-1M	-	-	-1M	-1M
Other Operating Activities, Total	-1.32B	487M	-1.49B	-1.15B	-1.71B
Change In Accounts Receivable	-261M	-349M	-180M	-30M	-430M
Change In Inventories	-627M	226M	-1.19B	2.05B	117M
Change In Accounts Payable	-286M	-649M	-104M	325M	138M
Change in Other Net Operating Assets	-612M	510M	39M	-932M	-283M
Cash from Operations	2.02B	6.14B	5.16B	8.51B	5.9B
Capital Expenditure	-5.47B	-11.71B	-7.36B	-9.61B	-6.57B
Sale of Property, Plant, and Equipment	-	6.98B	-	1M	301M
Investment in Marketable and Equity Securities, Total	747M	-47M	-2M	-593M	-1.99B
Other Investing Activities, Total	270M	605M	649M	91M	453M
Cash from Investing	-4.45B	-4.17B	-6.72B	-10.11B	-7.81B
Short Term Debt Issued, Total	575M	-	2B	-	-
Long-Term Debt Issued, Total	5.25B	7.04B	4.9B	6.82B	9.34B
Total Debt Issued	5.82B	7.04B	6.9B	6.82B	9.34B
Short Term Debt Repaid, Total	-	-500M	-	-2.1B	-
Long-Term Debt Repaid, Total	-5.06B	-5.05B	-5.06B	-5.3B	-5.35B
Total Debt Repaid	-5.06B	-5.55B	-5.06B	-7.4B	-5.35B
Common Dividends Paid	-333M	-666M	-667M	-667M	-667M
Common & Preferred Stock Dividends Paid	-333M	-666M	-667M	-667M	-667M
Other Financing Activities, Total	-1.03B	-36M	-27M	-31M	-19M
Cash from Financing	-597M	791M	1.14B	-1.28B	3.3B
Miscellaneous Cash Flow Adjustments	-	-	1M	-	1M
Net Change in Cash	-3.03B	2.76B	-415M	-2.88B	1.39B
Supplemental Items
Cash Interest Paid	252M	243M	247M	260M	330M
Cash Income Tax Paid (Refund)	1.5B	-237M	1.49B	1.16B	1.72B
Levered Free Cash Flow	-3.07B	-5.21B	-4.53B	-2.21B	-576M
Unlevered Free Cash Flow	-2.91B	-5.05B	-4.38B	-2.05B	-363M
Change In Net Working Capital	1.84B	-1.68B	3.41B	-1.17B	88M
Net Debt Issued / Repaid	767M	1.49B	1.84B	-582M	3.99B

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.49	0.9	1.99	2.4	2.14
Return on Total Capital	0.63	1.15	2.5	2.96	2.62
Return On Equity %	1.1	13.44	5.51	5.98	5.42
Return on Common Equity	1.03	13.44	5.51	5.98	5.42
Margin Analysis
Gross Profit Margin %	13.07	18.93	22.4	24.48	24.31
SG&A Margin	10.26	13.3	12.34	12.29	12.51
EBITDA Margin %	10.8	16.23	19.8	20.44	20.33
EBITA Margin %	1.8	4.4	8.98	11.03	10.56
EBIT Margin %	1.8	4.4	8.98	11.03	10.56
Income From Continuing Operations Margin %	1.06	17.47	6.85	7.93	7.87
Net Income Margin %	0.97	17.47	6.85	7.93	7.87
Net Avail. For Common Margin %	0.97	17.47	6.85	7.93	7.87
Normalized Net Income Margin	1.26	3.27	6.11	7.12	6.8
Levered Free Cash Flow Margin	-7.05	-15.25	-11.65	-5.64	-1.5
Unlevered Free Cash Flow Margin	-6.69	-14.8	-11.26	-5.22	-0.94
Asset Turnover
Asset Turnover	0.44	0.33	0.35	0.35	0.32
Fixed Assets Turnover	0.61	0.45	0.49	0.48	0.45
Receivables Turnover (Average Receivables)	17.12	10.48	11	11.69	10.83
Inventory Turnover (Average Inventory)	6.32	4.57	4.66	4.88	5.88
Short Term Liquidity
Current Ratio	0.79	0.87	0.91	0.8	0.95
Quick Ratio	0.41	0.55	0.52	0.47	0.63
Operating Cash Flow to Current Liabilities	0.09	0.27	0.23	0.44	0.29
Days Sales Outstanding (Average Receivables)	21.33	34.84	33.19	31.3	33.7
Days Outstanding Inventory (Average Inventory)	57.73	79.82	78.35	74.98	62.07
Average Days Payable Outstanding	60.2	95.74	69.52	61.34	63.55
Cash Conversion Cycle (Average Days)	18.86	18.93	42.01	44.94	32.22
Long Term Solvency
Total Debt/Equity	87.1	80.76	80.11	72.07	74.99
Total Debt / Total Capital	46.55	44.68	44.48	41.88	42.86
LT Debt/Equity	72.89	69.13	64.6	61.67	64.62
Long-Term Debt / Total Capital	38.96	38.24	35.87	35.84	36.93
Total Liabilities / Total Assets	57.99	56.81	55.34	52.52	53.08
EBIT / Interest Expense	3.12	6.15	14.2	16.33	11.92
EBITDA / Interest Expense	18.72	22.71	31.32	30.25	22.94
(EBITDA - Capex) / Interest Expense	-3.08	-25.28	1.39	-6.02	3.67
Total Debt / EBITDA	7.76	6.85	5.16	4.89	5.52
Net Debt / EBITDA	6.47	5.26	4.08	4.17	4.39
Total Debt / (EBITDA - Capex)	-47.14	-6.15	116.63	-24.58	34.54
Net Debt / (EBITDA - Capex)	-39.34	-4.73	92.09	-20.96	27.46
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-15.77	-21.47	13.94	0.79	-1.86
Gross Profit, 1 Yr. Growth %	-40.76	13.7	34.82	10.18	-2.54
EBITDA, 1 Yr. Growth %	-41.33	17.96	39.01	4.04	-2.4
EBITA, 1 Yr. Growth %	-81.15	91.94	132.71	23.88	-6.03
EBIT, 1 Yr. Growth %	-81.15	91.94	132.71	23.88	-6.03
Earnings From Cont. Operations, 1 Yr. Growth %	-84.68	1.2K	-55.35	16.74	-2.54
Net Income, 1 Yr. Growth %	-85.34	1.31K	-55.35	16.74	-2.54
Normalized Net Income, 1 Yr. Growth %	-78.1	103.48	112.76	17.52	-6.33
Diluted EPS Before Extra, 1 Yr. Growth %	-85.34	1.31K	-55.35	16.74	-2.54
Accounts Receivable, 1 Yr. Growth %	22.41	33.11	-9.94	0.09	11.77
Inventory, 1 Yr. Growth %	9.2	-5.99	20.93	-28.99	-3.39
Net Property, Plant and Equip., 1 Yr. Growth %	3.04	9.11	0.79	6.21	3.32
Total Assets, 1 Yr. Growth %	1.19	9.19	2.22	3.03	7.12
Tangible Book Value, 1 Yr. Growth %	3.47	12	5.69	9.56	5.86
Common Equity, 1 Yr. Growth %	3.54	12.26	5.69	9.53	5.87
Cash From Operations, 1 Yr. Growth %	-75.1	204.06	-16.02	64.93	-30.67
Capital Expenditures, 1 Yr. Growth %	-17.54	114.06	-37.13	30.5	-31.6
Levered Free Cash Flow, 1 Yr. Growth %	72.73	69.8	-12.92	-51.2	-73.97
Unlevered Free Cash Flow, 1 Yr. Growth %	80.2	73.72	-13.34	-53.27	-82.28
Dividend Per Share, 1 Yr. Growth %	-50	100	0	0	16.67
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-8.08	-18.67	-5.41	7.16	-0.55
Gross Profit, 2 Yr. CAGR %	-21.92	-17.93	23.81	21.88	3.62
EBITDA, 2 Yr. CAGR %	-22.2	-16.81	28.06	20.26	0.77
EBITA, 2 Yr. CAGR %	-53.95	-39.85	111.35	69.79	7.89
EBIT, 2 Yr. CAGR %	-53.95	-39.85	111.35	69.79	7.89
Earnings From Cont. Operations, 2 Yr. CAGR %	-56.3	40.96	140.65	-27.81	6.67
Net Income, 2 Yr. CAGR %	-57.03	43.97	151.25	-27.81	6.67
Normalized Net Income, 2 Yr. CAGR %	-50.15	-33.24	108.07	58.12	4.92
Diluted EPS Before Extra, 2 Yr. CAGR %	-57.02	43.97	151.26	-27.8	6.67
Accounts Receivable, 2 Yr. CAGR %	10.04	27.64	9.49	-5.06	5.77
Inventory, 2 Yr. CAGR %	6.56	1.32	6.62	-7.33	-17.17
Net Property, Plant and Equip., 2 Yr. CAGR %	1.28	6.03	4.87	3.47	4.76
Total Assets, 2 Yr. CAGR %	0.81	5.11	5.64	2.62	5.05
Tangible Book Value, 2 Yr. CAGR %	3.12	7.65	8.8	7.61	7.69
Common Equity, 2 Yr. CAGR %	3.27	7.81	8.93	7.6	7.69
Cash From Operations, 2 Yr. CAGR %	-42.54	-13	59.8	17.69	6.93
Capital Expenditures, 2 Yr. CAGR %	-21.17	32.85	16.01	-9.42	-5.52
Levered Free Cash Flow, 2 Yr. CAGR %	10.36	71.26	21.6	-34.81	-64.36
Unlevered Free Cash Flow, 2 Yr. CAGR %	11.13	76.93	22.7	-36.36	-71.22
Dividend Per Share, 2 Yr. CAGR %	-26.15	0	41.42	0	8.01
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.74	-12.78	-9	-3.39	4.07
Gross Profit, 3 Yr. CAGR %	-14.17	-11.5	-3.16	19.09	13.13
EBITDA, 3 Yr. CAGR %	-14.27	-10.62	-1.28	19.49	12.18
EBITA, 3 Yr. CAGR %	-38.54	-25.89	-5.57	76.87	39.4
EBIT, 3 Yr. CAGR %	-38.54	-25.89	-5.57	76.87	39.4
Earnings From Cont. Operations, 3 Yr. CAGR %	-42.09	35.3	-3.91	89.09	-20.21
Net Income, 3 Yr. CAGR %	-43.33	37.71	-2.55	94.6	-20.21
Normalized Net Income, 3 Yr. CAGR %	-35.96	-20.34	-1.76	71.99	32.8
Diluted EPS Before Extra, 3 Yr. CAGR %	-43.33	37.71	-2.55	94.61	-20.21
Accounts Receivable, 3 Yr. CAGR %	-2.64	17.24	13.64	6.26	0.25
Inventory, 3 Yr. CAGR %	6.63	2.2	7.47	-6.89	-6.04
Net Property, Plant and Equip., 3 Yr. CAGR %	2.39	3.82	4.26	5.31	3.42
Total Assets, 3 Yr. CAGR %	0.76	3.53	4.14	4.76	4.1
Tangible Book Value, 3 Yr. CAGR %	3.16	6	7	9.05	7.02
Common Equity, 3 Yr. CAGR %	3.19	6.18	7.1	9.13	7.02
Cash From Operations, 3 Yr. CAGR %	-26.47	0.13	-14.02	61.49	-1.34
Capital Expenditures, 3 Yr. CAGR %	-9.38	9.98	3.53	20.65	-17.51
Levered Free Cash Flow, 3 Yr. CAGR %	-10.05	27.41	36.69	-10.31	-52
Unlevered Free Cash Flow, 3 Yr. CAGR %	-10.42	28.98	39.47	-11.06	-58.44
Dividend Per Share, 3 Yr. CAGR %	-15.66	2.94	0	25.99	5.27
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-2.06	-6.56	-3.82	-5.29	-5.71
Gross Profit, 5 Yr. CAGR %	-9.21	-6.44	-0.62	0.59	-0.5
EBITDA, 5 Yr. CAGR %	-8.61	-5.61	0.66	0.65	-0.47
EBITA, 5 Yr. CAGR %	-26.42	-15.1	0.73	3.25	-0.4
EBIT, 5 Yr. CAGR %	-26.42	-15.1	0.73	3.25	-0.4
Earnings From Cont. Operations, 5 Yr. CAGR %	-24.75	22.54	2.38	5.24	0.19
Net Income, 5 Yr. CAGR %	-25.58	23.05	2.81	6.36	1.03
Normalized Net Income, 5 Yr. CAGR %	-24.22	-11.44	2.6	4.8	0.86
Diluted EPS Before Extra, 5 Yr. CAGR %	-25.58	23.06	2.82	6.36	1.04
Accounts Receivable, 5 Yr. CAGR %	4.52	11.95	2.04	7.76	10.42
Inventory, 5 Yr. CAGR %	10.57	6.54	6.62	-1.72	-3.16
Net Property, Plant and Equip., 5 Yr. CAGR %	-2.99	3.43	3.37	3.68	4.46
Total Assets, 5 Yr. CAGR %	-1.71	2.76	2.68	3.16	4.5
Tangible Book Value, 5 Yr. CAGR %	4.46	5.48	5.38	6.64	7.27
Common Equity, 5 Yr. CAGR %	4.39	5.49	5.44	6.75	7.34
Cash From Operations, 5 Yr. CAGR %	-22.24	-1.47	0.3	6.82	-6.18
Capital Expenditures, 5 Yr. CAGR %	-13.43	18.02	0.03	1.77	-0.19
Levered Free Cash Flow, 5 Yr. CAGR %	-16.67	19.81	1.48	-2.55	-20.16
Unlevered Free Cash Flow, 5 Yr. CAGR %	-17.06	17.08	1.59	-2.77	-25.82
Dividend Per Share, 5 Yr. CAGR %	-9.71	3.71	3.71	1.76	3.13