Cash flow SG Holdings Co.,Ltd.

Equities

9143

JP3162770006

Air Freight & Logistics

Market Closed - Japan Exchange Other stock markets 07:30:00 19/05/2026 BST			5-day change	1st Jan Change
1,505.00 ^JPY	+4.55%		+9.02%	+4.99%

03-23	SG Holdings Co.,Ltd.(TSE:9143) added to S&P Japan Mid Cap 100	CI
03-23	SG Holdings Co.,Ltd.(TSE:9143) dropped from S&P International 700	CI

5630dc9f3aa9df88db9330eb70.OafWpes3v9PIIDjLrc3lGJbfwdP6jZY26YDxD9P-4Jg.Vuy7lLR41pCPcGemx4mTX8Wmlpul9flMgu-ufKuJt997z7rp2XDwtrpNSw

Published financial data: SG HOLDINGS CO.,LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	1,312B	1,588B	1,435B	1,317B	1,479B
Total Revenues	1,312B	1,588B	1,435B	1,317B	1,479B
Cost of Goods Sold, Total	1,163B	1,376B	1,238B	1,163B	1,319B
Gross Profit	149B	212B	197B	154B	160B
Selling General & Admin Expenses, Total	37.19B	46.29B	50.52B	52.91B	60.6B
Provision for Bad Debts	540M	782M	951M	1.33B	596M
Depreciation & Amortization - (IS)	3.93B	3.76B	4.04B	5.05B	5.35B
Other Operating Expenses	5.5B	5.54B	6.25B	5.49B	6.04B
Other Operating Expenses, Total	47.16B	56.38B	61.77B	64.79B	72.58B
Operating Income	102B	156B	135B	89.2B	87.85B
Interest Expense, Total	-1.25B	-1.4B	-1.57B	-1.56B	-2.56B
Interest And Investment Income	545M	893M	855M	1.48B	1.4B
Net Interest Expenses	-706M	-507M	-711M	-82M	-1.16B
Income (Loss) On Equity Invest.	629M	126M	128M	190M	221M
Currency Exchange Gains (Loss)	37M	3.08B	742M	-946M	-511M
Other Non Operating Income (Expenses)	1.98B	1.88B	2.5B	2.48B	2.47B
EBT, Excl. Unusual Items	104B	160B	138B	90.85B	88.87B
Gain (Loss) On Sale Of Investments	11.33B	2.47B	49.79B	-199M	-
Gain (Loss) On Sale Of Assets	55M	-79M	21M	-96M	352M
Asset Writedown	-3.08B	-2.35B	-290M	-2.04B	-790M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-183M	287M	-1M	-	-2M
EBT, Incl. Unusual Items	112B	161B	187B	88.52B	88.43B
Income Tax Expense	31.13B	44.12B	57.74B	31.71B	30.11B
Earnings From Continuing Operations	80.66B	116B	130B	56.81B	58.31B
Net Income to Company	80.66B	116B	130B	56.81B	58.31B
Minority Interest	-6.32B	-9.77B	-3.21B	1.47B	-193M
Net Income - (IS)	74.34B	107B	127B	58.28B	58.12B
Net Income to Common Incl Extra Items	74.34B	107B	127B	58.28B	58.12B
Net Income to Common Excl. Extra Items	74.34B	107B	127B	58.28B	58.12B
Per Share Items
Net EPS - Basic	117.03	168.02	199.56	92.98	92.92
Basic EPS - Continuing Operations	117.03	168.02	199.56	92.98	92.92
Basic Weighted Average Shares Outstanding	635M	635M	634M	627M	625M
Net EPS - Diluted	117.03	168.02	199.56	92.98	92.92
Diluted EPS - Continuing Operations	117.03	168.02	199.56	92.98	92.92
Diluted Weighted Average Shares Outstanding	635M	635M	634M	627M	625M
Normalized Basic EPS	92.05	142.33	130.93	92.94	88.49
Normalized Diluted EPS	92.05	142.33	130.93	92.94	88.49
Dividend Per Share	30	50	51	51	52
Payout Ratio	24.77	22.02	27.62	56.02	54.88
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	128B	189B	168B	126B	131B
EBITA	102B	158B	136B	91.19B	91.31B
EBIT	102B	156B	135B	89.2B	87.85B
Effective Tax Rate - (Ratio)	27.84	27.47	30.8	35.82	34.06
Normalized Net Income	58.47B	90.41B	83B	58.25B	55.35B
Non-Cash Pension Expense	66M	127M	328M	296M	383M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	69.16B	87.4B	178B	147B	117B
Total Cash And Short Term Investments	69.16B	87.4B	178B	147B	117B
Accounts Receivable, Total	185B	245B	181B	185B	197B
Total Receivables	185B	245B	181B	185B	197B
Inventory	30.75B	29.71B	21.93B	37.53B	27.65B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	18.69B	27.89B	25.12B	27.52B	28.66B
Total Current Assets	304B	390B	407B	397B	371B
Net Property Plant And Equipment	353B	387B	392B	388B	489B
Long-term Investments	88.22B	98.74B	47.37B	49.23B	59.66B
Goodwill	4.02B	2.34B	12.07B	8.37B	64.69B
Other Intangibles, Total	20.87B	22.14B	25.79B	32.56B	40.17B
Deferred Tax Assets Long-Term	20.71B	21.62B	20.96B	21.58B	17B
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	2M	2M	-	2M	1M
Total Assets	790B	922B	905B	897B	1,041B
Liabilities
Accounts Payable, Total	79.76B	93.75B	76.54B	78.44B	87.61B
Accrued Expenses, Total	24.58B	25.26B	18.23B	18.32B	17.56B
Short-term Borrowings	13.68B	30.4B	15.4B	14.92B	4.9B
Current Portion of Long-Term Debt	22.09B	26.3B	18.67B	30.08B	24.2B
Current Portion of Leases	5.78B	5.94B	5.68B	6.07B	7.79B
Current Income Taxes Payable	24.52B	29.15B	34.16B	4.72B	18.23B
Other Current Liabilities	81.76B	67.05B	60.24B	65.75B	62.3B
Total Current Liabilities	252B	278B	229B	218B	223B
Long-Term Debt	72.54B	60.11B	41.65B	13.18B	139B
Long-Term Leases	9.68B	12.53B	15.84B	20.54B	29.36B
Pension & Other Post Retirement Benefits	35.83B	35.89B	35.8B	36.46B	42.88B
Deferred Tax Liability Non Current	-	9.39B	-	-	-
Other Non Current Liabilities	15.2B	14.12B	15.33B	18.3B	22.07B
Total Liabilities	385B	410B	338B	307B	456B
Common Stock, Total	11.88B	11.88B	11.88B	11.88B	11.88B
Additional Paid In Capital	-	69M	-	16M	-
Retained Earnings	377B	458B	543B	568B	570B
Treasury Stock	-1.17B	-1.16B	-11.16B	-21.13B	-21.13B
Comprehensive Income and Other	11.08B	27.34B	10.4B	18.37B	19.13B
Total Common Equity	398B	496B	554B	578B	580B
Minority Interest	6.5B	15.56B	13.55B	12.75B	4.44B
Total Equity	405B	512B	567B	590B	585B
Total Liabilities And Equity	790B	922B	905B	897B	1,041B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	635M	635M	629M	625M	625M
ECS Total Common Shares Outstanding	635M	635M	630M	625M	625M
Book Value / Share	627.09	781.33	878.84	923.33	927.54
Tangible Book Value	373B	472B	516B	537B	475B
Tangible Book Value Per Share	587.91	742.79	818.75	857.88	759.88
Total Debt	124B	135B	97.24B	84.8B	205B
Net Debt	54.6B	47.89B	-81.01B	-62.47B	88.51B
Debt Equivalent of Unfunded Proj. Benefit Obligation	35.83B	35.89B	35.8B	36.46B	41.96B
Minority Interest, Total (Incl. Fin. Div)	6.5B	15.56B	13.55B	12.75B	4.44B
Inventories - Raw Materials, Total	2.28B	2.05B	2B	1.98B	2.4B
Inventories - Work In Process, Total	357M	387M	360M	318M	254M
Inventories - Finished Goods, Total	28.11B	27.27B	19.58B	35.24B	25B
Full Time Employees	52.02K	52.32K	52.27K	52.31K	58.27K
Accumulated Allowance for Doubtful Accounts (Supple)	1.28B	1.71B	2.68B	2.66B	2.06B

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	112B	161B	187B	88.52B	88.43B
Depreciation & Amortization - CF	25.86B	30.34B	32.44B	34.82B	40.13B
Amortization of Goodwill and Intangible Assets - (CF)	531M	2.67B	396M	1.98B	3.46B
Depreciation & Amortization, Total	26.4B	33.02B	32.84B	36.8B	43.59B
(Gain) Loss From Sale Of Asset	3.03B	330M	270M	2.13B	438M
(Gain) Loss on Sale of Investments - (CF)	-11.33B	-2.47B	-49.79B	199M	-
(Income) Loss On Equity Investments - (CF)	-629M	-126M	-128M	-190M	-221M
Other Operating Activities, Total	-21.16B	-38.83B	-52.73B	-58.77B	-14.63B
Change In Accounts Receivable	-32.79B	-87.94B	68.64B	-3.04B	-679M
Change In Inventories	7.97B	1.43B	6.29B	2.9B	10.48B
Change In Accounts Payable	17.37B	21.5B	-19.12B	-2M	4.87B
Change in Other Net Operating Assets	20.66B	-5.7B	-8.35B	9.07B	-13.68B
Cash from Operations	121B	81.82B	165B	77.63B	119B
Capital Expenditure	-59.19B	-53.27B	-24.64B	-35.22B	-48.77B
Sale of Property, Plant, and Equipment	303M	1.6B	166M	882M	1.88B
Cash Acquisitions	-4.05B	-1.93B	-12.05B	-	-112B
Divestitures	69.75B	-	90M	25M	62M
Sale (Purchase) of Intangible assets	-5.79B	-6.19B	-6.75B	-6.56B	-4.43B
Investment in Marketable and Equity Securities, Total	-20M	14.69B	71.77B	-5M	16M
Other Investing Activities, Total	-507M	-177M	-547M	-485M	-1.47B
Cash from Investing	504M	-45.27B	28.03B	-41.36B	-165B
Short Term Debt Issued, Total	-	13.6B	-	-	-
Long-Term Debt Issued, Total	20.03B	15.71B	133M	3.49B	130B
Total Debt Issued	20.03B	29.31B	133M	3.49B	130B
Short Term Debt Repaid, Total	-4.4B	-	-17.91B	-1.78B	-11.49B
Long-Term Debt Repaid, Total	-22.2B	-24.13B	-26.44B	-20.87B	-31.63B
Total Debt Repaid	-26.6B	-24.13B	-44.35B	-22.65B	-43.12B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-10B	-10B	-
Common Dividends Paid	-18.42B	-23.5B	-34.94B	-32.65B	-31.9B
Common & Preferred Stock Dividends Paid	-18.42B	-23.5B	-34.94B	-32.65B	-31.9B
Other Financing Activities, Total	-96.95B	-7.05B	-16.31B	-8.51B	-40.99B
Cash from Financing	-122B	-25.37B	-105B	-70.31B	13.99B
Foreign Exchange Rate Adjustments	591M	7.05B	2.91B	3.06B	1.73B
Miscellaneous Cash Flow Adjustments	-	-1M	1M	1M	2M
Net Change in Cash	458M	18.23B	90.85B	-30.98B	-30.4B
Supplemental Items
Cash Interest Paid	1.29B	1.41B	1.24B	1.06B	1.93B
Cash Income Tax Paid (Refund)	21.82B	38.81B	53.06B	59.09B	15.27B
Levered Free Cash Flow	34.85B	6.77B	133B	6.04B	58.58B
Unlevered Free Cash Flow	35.63B	7.64B	134B	7.02B	60.18B
Change In Net Working Capital	-10.63B	63.24B	-47.96B	43.76B	-14.88B
Net Debt Issued / Repaid	-6.56B	5.18B	-44.22B	-19.15B	86.88B

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	8.14	11.37	9.26	6.19	5.67
Return on Total Capital	11.74	16.55	12.89	8.32	7.5
Return On Equity %	19.48	25.42	24.04	9.81	9.93
Return on Common Equity	19.01	23.86	24.09	10.3	10.04
Margin Analysis
Gross Profit Margin %	11.35	13.35	13.73	11.69	10.85
SG&A Margin	2.83	2.91	3.52	4.02	4.1
EBITDA Margin %	9.76	11.88	11.72	9.57	8.89
EBITA Margin %	7.79	9.97	9.46	6.92	6.17
EBIT Margin %	7.75	9.8	9.43	6.77	5.94
Income From Continuing Operations Margin %	6.15	7.33	9.04	4.31	3.94
Net Income Margin %	5.67	6.72	8.82	4.43	3.93
Net Avail. For Common Margin %	5.67	6.72	8.82	4.43	3.93
Normalized Net Income Margin	4.46	5.69	5.79	4.42	3.74
Levered Free Cash Flow Margin	2.66	0.43	9.27	0.46	3.96
Unlevered Free Cash Flow Margin	2.72	0.48	9.34	0.53	4.07
Asset Turnover
Asset Turnover	1.68	1.86	1.57	1.46	1.53
Fixed Assets Turnover	3.89	4.29	3.68	3.38	3.38
Receivables Turnover (Average Receivables)	7.77	7.39	6.74	7.19	7.74
Inventory Turnover (Average Inventory)	39.05	45.53	47.93	39.11	40.46
Short Term Liquidity
Current Ratio	1.2	1.4	1.78	1.82	1.66
Quick Ratio	1.01	1.2	1.57	1.52	1.41
Operating Cash Flow to Current Liabilities	0.48	0.29	0.72	0.36	0.53
Days Sales Outstanding (Average Receivables)	46.99	49.37	54.18	50.9	47.18
Days Outstanding Inventory (Average Inventory)	9.35	8.02	7.62	9.36	9.02
Average Days Payable Outstanding	22.32	23.02	25.27	24.06	23.15
Cash Conversion Cycle (Average Days)	34.01	34.36	36.53	36.19	33.05
Long Term Solvency
Total Debt/Equity	30.57	26.43	17.14	14.37	35.13
Total Debt / Total Capital	23.41	20.9	14.63	12.56	26
LT Debt/Equity	20.31	14.19	10.13	5.71	28.82
Long-Term Debt / Total Capital	15.55	11.22	8.65	5	21.33
Total Liabilities / Total Assets	48.77	44.47	37.3	34.2	43.82
EBIT / Interest Expense	81.32	111.22	86.38	57.07	34.33
EBITDA / Interest Expense	102.42	134.81	107.35	80.62	51.36
(EBITDA - Capex) / Interest Expense	55.1	96.76	91.62	58.08	32.3
Total Debt / EBITDA	0.97	0.72	0.58	0.67	1.56
Net Debt / EBITDA	0.43	0.25	-0.48	-0.5	0.67
Total Debt / (EBITDA - Capex)	1.8	1	0.68	0.93	2.48
Net Debt / (EBITDA - Capex)	0.79	0.35	-0.56	-0.69	1.07
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.81	21.06	-9.68	-8.2	12.32
Gross Profit, 1 Yr. Growth %	23.67	42.45	-7.1	-21.85	4.18
EBITDA, 1 Yr. Growth %	29.58	47.31	-10.93	-25.05	4.31
EBITA, 1 Yr. Growth %	34.8	54.89	-14.34	-32.79	0.13
EBIT, 1 Yr. Growth %	34.83	53.07	-13.13	-34.06	-1.52
Earnings From Cont. Operations, 1 Yr. Growth %	46.01	44.43	11.35	-56.21	2.65
Net Income, 1 Yr. Growth %	57.2	43.57	18.53	-53.93	-0.27
Normalized Net Income, 1 Yr. Growth %	37.96	54.63	-8.2	-29.82	-4.99
Diluted EPS Before Extra, 1 Yr. Growth %	57.2	43.57	18.77	-53.41	-0.06
Accounts Receivable, 1 Yr. Growth %	21.09	32.25	-25.93	2.1	6.67
Inventory, 1 Yr. Growth %	6.68	-3.38	-26.17	71.12	-26.32
Net Property, Plant and Equip., 1 Yr. Growth %	9.67	9.76	1.28	-1.09	25.93
Total Assets, 1 Yr. Growth %	2.34	16.64	-1.83	-0.87	16
Tangible Book Value, 1 Yr. Growth %	4.01	26.35	9.35	3.99	-11.42
Common Equity, 1 Yr. Growth %	3.74	24.6	11.59	4.27	0.46
Cash From Operations, 1 Yr. Growth %	126.34	-32.54	102.13	-53.06	52.78
Capital Expenditures, 1 Yr. Growth %	10.71	-10.01	-53.74	42.92	38.48
Levered Free Cash Flow, 1 Yr. Growth %	-256.08	-80.58	1.87K	-95.46	869.95
Unlevered Free Cash Flow, 1 Yr. Growth %	-266.91	-78.55	1.65K	-94.76	757.7
Dividend Per Share, 1 Yr. Growth %	36.36	66.67	2	0	1.96
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.33	16.34	4.56	-8.94	1.54
Gross Profit, 2 Yr. CAGR %	13.12	32.73	15.04	-14.79	-9.77
EBITDA, 2 Yr. CAGR %	18.42	38.16	14.55	-18.29	-11.58
EBITA, 2 Yr. CAGR %	19.75	44.5	15.19	-24.12	-17.96
EBIT, 2 Yr. CAGR %	20.24	43.66	15.32	-24.31	-19.41
Earnings From Cont. Operations, 2 Yr. CAGR %	25.3	45.22	26.82	-30.17	-32.95
Net Income, 2 Yr. CAGR %	30.78	50.23	30.45	-26.11	-32.22
Normalized Net Income, 2 Yr. CAGR %	22.74	46.06	19.14	-19.73	-18.34
Diluted EPS Before Extra, 2 Yr. CAGR %	30.78	50.23	30.58	-25.61	-31.76
Accounts Receivable, 2 Yr. CAGR %	9.86	26.55	-1.02	-13.04	4.36
Inventory, 2 Yr. CAGR %	4.86	1.53	-15.54	12.4	12.28
Net Property, Plant and Equip., 2 Yr. CAGR %	11.04	9.72	5.44	0.09	11.6
Total Assets, 2 Yr. CAGR %	1.78	9.26	7.01	-1.35	7.23
Tangible Book Value, 2 Yr. CAGR %	5.94	14.64	17.54	6.64	-4.03
Common Equity, 2 Yr. CAGR %	5.82	13.69	17.92	7.87	2.35
Cash From Operations, 2 Yr. CAGR %	18.24	23.57	16.77	-2.6	-15.32
Capital Expenditures, 2 Yr. CAGR %	-2.19	-0.18	-35.48	-18.69	40.68
Levered Free Cash Flow, 2 Yr. CAGR %	11.72	-44.95	95.34	-5.52	-33.63
Unlevered Free Cash Flow, 2 Yr. CAGR %	10.69	-40.17	93.9	-4.18	-32.97
Dividend Per Share, 2 Yr. CAGR %	20.97	50.76	30.38	1	0.98
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	10.73	12.42	6.93	0.12	-2.34
Gross Profit, 3 Yr. CAGR %	13.98	22.16	17.85	1.13	-8.89
EBITDA, 3 Yr. CAGR %	18.86	27.36	19.36	-0.55	-11.36
EBITA, 3 Yr. CAGR %	-	30.47	21.38	-3.75	-16.77
EBIT, 3 Yr. CAGR %	20.34	30.32	21.49	-4.28	-17.37
Earnings From Cont. Operations, 3 Yr. CAGR %	26.75	31.38	32.92	-11.03	-20.6
Net Income, 3 Yr. CAGR %	30.61	34.91	38.82	-7.79	-18.34
Normalized Net Income, 3 Yr. CAGR %	23.1	32.56	25.11	-0.12	-15.09
Diluted EPS Before Extra, 3 Yr. CAGR %	29.85	34.91	38.91	-7.38	-17.92
Accounts Receivable, 3 Yr. CAGR %	9.2	16.87	5.86	0.01	-6.91
Inventory, 3 Yr. CAGR %	-4.58	2.04	-8.7	6.87	-2.36
Net Property, Plant and Equip., 3 Yr. CAGR %	15.16	10.61	6.83	3.21	8.05
Total Assets, 3 Yr. CAGR %	3.6	6.51	5.43	4.32	4.12
Tangible Book Value, 3 Yr. CAGR %	7.15	12.35	12.85	12.84	0.24
Common Equity, 3 Yr. CAGR %	6.52	11.74	12.99	13.18	5.34
Cash From Operations, 3 Yr. CAGR %	9.15	-1.93	45.59	-13.82	13.17
Capital Expenditures, 3 Yr. CAGR %	37.35	-4.87	-22.75	-15.89	-2.9
Levered Free Cash Flow, 3 Yr. CAGR %	-17.86	-37.65	81.27	-44.25	105.34
Unlevered Free Cash Flow, 3 Yr. CAGR %	-17.93	-35.95	84.45	-41.82	98.96
Dividend Per Share, 3 Yr. CAGR %	25.35	34.61	32.35	19.35	1.32
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.82	11.29	8.22	3.33	4.74
Gross Profit, 5 Yr. CAGR %	10.68	19.63	14.41	5.77	5.91
EBITDA, 5 Yr. CAGR %	10.17	20.38	17.11	6.64	5.86
EBITA, 5 Yr. CAGR %	13.62	26.2	-	5.04	3.78
EBIT, 5 Yr. CAGR %	13.5	25.77	18.31	4.86	3.09
Earnings From Cont. Operations, 5 Yr. CAGR %	18.24	29.12	26.77	2.03	1.09
Net Income, 5 Yr. CAGR %	16.95	30.27	30.55	6.04	4.21
Normalized Net Income, 5 Yr. CAGR %	12.87	26.42	21.5	8.46	5.48
Diluted EPS Before Extra, 5 Yr. CAGR %	16.42	29.67	30.14	6.32	4.53
Accounts Receivable, 5 Yr. CAGR %	6.68	12.15	4.99	3.84	5.26
Inventory, 5 Yr. CAGR %	-9.32	-5.27	-9.13	6.06	-0.82
Net Property, Plant and Equip., 5 Yr. CAGR %	10.52	12.56	11.17	6.28	8.71
Total Assets, 5 Yr. CAGR %	6.24	7.21	4.95	3.3	6.15
Tangible Book Value, 5 Yr. CAGR %	12.5	12.53	11.19	10.03	5.77
Common Equity, 5 Yr. CAGR %	11.55	11.7	10.94	10.18	8.6
Cash From Operations, 5 Yr. CAGR %	-	-	12.14	-2.2	17.22
Capital Expenditures, 5 Yr. CAGR %	-	-	1.53	-10.66	-1.82
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	16.16	-26.38	21.28
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	15.76	-24.75	23.03
Dividend Per Share, 5 Yr. CAGR %	-	52.81	27.34	20	18.77