Cash flow TBK Co., Ltd.

Equities

7277

JP3588200000

Auto, Truck & Motorcycle Parts

Market Closed - Japan Exchange Other stock markets 06:30:00 21/01/2026 GMT			5-day change	1st Jan Change
377.00 ^JPY	+0.53%		+1.89%	+4.72%

12-08	TBK Co., Ltd. announced that it has received ¥1.137786 billion in funding	CI
12-02	TBK Forges Alliance with Indian Brake Manufacturer BIPL via Third-Party Share Allotment	MT

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Published financial data: TBK CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	43.96B	51.19B	53.52B	56.66B	54.42B
Total Revenues	43.96B	51.19B	53.52B	56.66B	54.42B
Cost of Goods Sold, Total	38.96B	45.82B	49.15B	50.68B	48.62B
Gross Profit	5B	5.37B	4.37B	5.98B	5.79B
Selling General & Admin Expenses, Total	4.14B	4.58B	4.74B	4.94B	4.72B
Depreciation & Amortization - (IS)	190M	190M	207M	128M	131M
Other Operating Expenses	29M	9M	49M	10M	-
Other Operating Expenses, Total	4.36B	4.78B	5B	5.08B	4.85B
Operating Income	644M	599M	-629M	903M	941M
Interest Expense, Total	-179M	-131M	-215M	-296M	-263M
Interest And Investment Income	58M	102M	144M	188M	181M
Net Interest Expenses	-121M	-29M	-71M	-108M	-82M
Income (Loss) On Equity Invest.	307M	189M	-492M	-272M	-481M
Currency Exchange Gains (Loss)	58M	346M	349M	79M	-186M
Other Non Operating Income (Expenses)	419M	126M	219M	238M	116M
EBT, Excl. Unusual Items	1.31B	1.23B	-624M	840M	308M
Gain (Loss) On Sale Of Investments	-7M	-	-103M	331M	-
Gain (Loss) On Sale Of Assets	4M	22M	37M	0	57M
Asset Writedown	-1.52B	-1M	-	-283M	-470M
Other Unusual Items	-1M	-1M	-1M	277M	-813M
EBT, Incl. Unusual Items	-219M	1.25B	-691M	1.16B	-918M
Income Tax Expense	-36M	430M	1.27B	765M	182M
Earnings From Continuing Operations	-183M	821M	-1.96B	400M	-1.1B
Net Income to Company	-183M	821M	-1.96B	400M	-1.1B
Minority Interest	-8M	-38M	-104M	-68M	-104M
Net Income - (IS)	-191M	783M	-2.06B	332M	-1.2B
Net Income to Common Incl Extra Items	-191M	783M	-2.06B	332M	-1.2B
Net Income to Common Excl. Extra Items	-191M	783M	-2.06B	332M	-1.2B
Per Share Items
Net EPS - Basic	-6.73	27.6	-72.74	11.67	-42.26
Basic EPS - Continuing Operations	-6.73	27.6	-72.74	11.67	-42.26
Basic Weighted Average Shares Outstanding	28.36M	28.37M	28.39M	28.46M	28.49M
Net EPS - Diluted	-6.73	27.6	-72.74	11.67	-42.26
Diluted EPS - Continuing Operations	-6.73	27.6	-72.74	11.67	-42.26
Diluted Weighted Average Shares Outstanding	28.36M	28.37M	28.39M	28.46M	28.49M
Normalized Basic EPS	28.52	25.78	-17.4	16.06	3.11
Normalized Diluted EPS	28.52	25.78	-17.4	16.06	3.11
Dividend Per Share	-	12	-	10	8
Payout Ratio	-88.48	28.74	-9.64	42.47	-21.1
Supplemental Items
EBITDA	4.25B	3.9B	2.69B	4.12B	4.11B
EBITA	732M	687M	-541M	935M	941M
EBIT	644M	599M	-629M	903M	941M
EBITDAR	4.38B	4.02B	2.83B	4.27B	4.25B
Effective Tax Rate - (Ratio)	16.44	34.37	-183.79	65.67	-19.83
Normalized Net Income	809M	731M	-494M	457M	88.5M
Non-Cash Pension Expense	38M	48M	64M	28M	77M
Supplemental Operating Expense Items
Selling and Marketing Expenses	732M	804M	839M	879M	914M
Research And Development Expense From Footnotes	1.23B	1.32B	1.2B	1.17B	1.19B
Net Rental Expense, Total	127M	125M	135M	150M	140M
Imputed Operating Lease Interest Expense	19.02M	16.12M	27.94M	38.27M	33.47M
Imputed Operating Lease Depreciation	108M	109M	107M	112M	107M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	4.17B	4.23B	3.94B	4.27B	4.14B
Total Cash And Short Term Investments	4.17B	4.23B	3.94B	4.27B	4.14B
Accounts Receivable, Total	13.56B	12.77B	13.33B	15.33B	14.1B
Other Receivables	86M	104M	157M	56M	23M
Total Receivables	13.65B	12.88B	13.49B	15.39B	14.12B
Inventory	5.27B	6.84B	7.78B	8.65B	7.51B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	1.16B	945M	900M	770M	625M
Total Current Assets	24.25B	24.89B	26.1B	29.07B	26.4B
Net Property Plant And Equipment	18.84B	19.04B	20.94B	22.05B	21.52B
Long-term Investments	4.22B	4.94B	4.61B	4.9B	4.62B
Goodwill	210M	121M	32M	-	-
Other Intangibles, Total	216M	224M	195M	215M	261M
Loans Receivable Long-Term	70M	73M	78M	83M	88M
Deferred Tax Assets Long-Term	1.39B	1.2B	219M	210M	234M
Other Long-Term Assets, Total	2M	1M	2M	1M	1M
Total Assets	49.2B	50.48B	52.18B	56.54B	53.12B
Liabilities
Accounts Payable, Total	7.52B	7.43B	8.3B	9.95B	8.52B
Accrued Expenses, Total	657M	753M	605M	705M	711M
Short-term Borrowings	5.74B	5.68B	7.2B	7.95B	6.69B
Current Portion of Leases	221M	124M	67M	40M	36M
Current Income Taxes Payable	108M	201M	112M	154M	144M
Other Current Liabilities	1.52B	1.77B	2.34B	2.08B	1.67B
Total Current Liabilities	15.77B	15.96B	18.62B	20.88B	17.77B
Long-Term Debt	2.58B	1.64B	1.73B	1.46B	1.34B
Long-Term Leases	164M	98M	76M	44M	46M
Pension & Other Post Retirement Benefits	3.22B	3.09B	2.89B	2.91B	2.91B
Deferred Tax Liability Non Current	911M	1.08B	1.2B	1.76B	1.63B
Other Non Current Liabilities	220M	128M	128M	122M	320M
Total Liabilities	22.86B	22B	24.65B	27.18B	24.02B
Common Stock, Total	4.62B	4.62B	4.62B	4.62B	4.62B
Additional Paid In Capital	264M	264M	264M	264M	264M
Retained Earnings	20.24B	20.8B	18.54B	18.73B	17.27B
Treasury Stock	-466M	-463M	-453M	-419M	-409M
Comprehensive Income and Other	1.26B	2.77B	3.94B	5.42B	6.51B
Total Common Equity	25.92B	27.99B	26.91B	28.61B	28.25B
Minority Interest	421M	490M	621M	749M	862M
Total Equity	26.34B	28.48B	27.53B	29.36B	29.11B
Total Liabilities And Equity	49.2B	50.48B	52.18B	56.54B	53.12B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	28.36M	28.37M	28.39M	28.47M	28.49M
ECS Total Common Shares Outstanding	-	28.37M	28.39M	28.47M	28.49M
Book Value / Share	913.79	986.46	947.62	1K	991.47
Tangible Book Value	25.49B	27.64B	26.68B	28.39B	27.99B
Tangible Book Value Per Share	898.77	974.3	939.63	997.32	982.31
Total Debt	8.7B	7.55B	9.07B	9.49B	8.11B
Net Debt	4.54B	3.32B	5.14B	5.22B	3.97B
Debt Equivalent of Unfunded Proj. Benefit Obligation	3.22B	3.09B	2.89B	2.75B	2.57B
Debt Equivalent Oper. Leases	1.02B	1B	1.08B	1.2B	1.12B
Minority Interest, Total (Incl. Fin. Div)	421M	490M	621M	749M	862M
Equity Method Investments, Total	1.56B	1.81B	1.4B	1.2B	799M
Inventories - Raw Materials, Total	2.15B	2.9B	3.73B	3.88B	2.79B
Inventories - Work In Process, Total	1.5B	1.99B	1.92B	2.16B	1.97B
Inventories - Finished Goods, Total	1.62B	1.95B	2.12B	2.6B	2.75B
Inventories - Others	1M	1M	2M	1M	2M
Full Time Employees	2.06K	2.01K	1.96K	1.88K	1.88K
Accumulated Allowance for Doubtful Accounts (Supple)	9M	10M	11M	-	-
Order Backlog	5.63B	6.44B	5.76B	3.41B	4.3B

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	-219M	1.25B	-690M	1.17B	-917M
Depreciation & Amortization - CF	3.52B	3.21B	3.24B	3.19B	3.17B
Amortization of Goodwill and Intangible Assets - (CF)	88M	88M	88M	32M	-
Depreciation & Amortization, Total	3.61B	3.3B	3.32B	3.22B	3.17B
(Gain) Loss From Sale Of Asset	1.52B	-20M	-37M	283M	413M
(Gain) Loss on Sale of Investments - (CF)	7M	-	103M	-	-
(Income) Loss On Equity Investments - (CF)	-307M	-189M	492M	272M	481M
Other Operating Activities, Total	222M	-164M	-212M	-165M	-273M
Change In Accounts Receivable	252M	1.24B	-227M	-1.61B	1.15B
Change In Inventories	-381M	-1.29B	-635M	-597M	846M
Change In Accounts Payable	759M	-528M	624M	1.29B	-1.82B
Change in Other Net Operating Assets	108M	689M	-202M	-691M	841M
Cash from Operations	5.56B	4.29B	2.54B	3.16B	3.89B
Capital Expenditure	-2.36B	-2.44B	-3.95B	-3.41B	-2.41B
Sale of Property, Plant, and Equipment	5M	140M	134M	11M	195M
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-40M	-55M	-23M	-73M	-99M
Investment in Marketable and Equity Securities, Total	-5M	-6M	-8M	586M	-10M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-33M	-	-	-	-
Other Investing Activities, Total	-5M	14M	-	366M	-
Cash from Investing	-2.44B	-2.34B	-3.85B	-2.52B	-2.32B
Short Term Debt Issued, Total	2.97B	2.94B	2.46B	2.62B	2.06B
Long-Term Debt Issued, Total	1.67B	200M	1.12B	700M	550M
Total Debt Issued	4.64B	3.14B	3.58B	3.32B	2.61B
Short Term Debt Repaid, Total	-4.18B	-3.14B	-1.14B	-2.28B	-3.05B
Long-Term Debt Repaid, Total	-1.91B	-1.39B	-1.14B	-1.2B	-1.13B
Total Debt Repaid	-6.08B	-4.54B	-2.29B	-3.48B	-4.18B
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-169M	-225M	-199M	-141M	-254M
Common & Preferred Stock Dividends Paid	-169M	-225M	-199M	-141M	-254M
Other Financing Activities, Total	-252M	-226M	-136M	-73M	-63M
Cash from Financing	-1.87B	-1.84B	958M	-372M	-1.88B
Foreign Exchange Rate Adjustments	-10M	-42M	60M	60M	184M
Miscellaneous Cash Flow Adjustments	-2M	-2M	1M	-1M	-
Net Change in Cash	1.25B	62M	-289M	329M	-130M
Supplemental Items
Cash Interest Paid	178M	136M	203M	294M	269M
Cash Income Tax Paid (Refund)	158M	204M	354M	275M	316M
Levered Free Cash Flow	2.1B	872M	-1.48B	-990M	1.78B
Unlevered Free Cash Flow	2.21B	954M	-1.35B	-805M	1.94B
Change In Net Working Capital	-603M	229M	304M	1.1B	-696M
Net Debt Issued / Repaid	-1.45B	-1.39B	1.29B	-158M	-1.57B

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.82	0.75	-0.77	1.04	1.07
Return on Total Capital	1.14	1.05	-1.08	1.5	1.55
Return On Equity %	-0.71	3	-7	1.41	-3.76
Return on Common Equity	-0.75	2.9	-7.52	1.2	-4.24
Margin Analysis
Gross Profit Margin %	11.38	10.5	8.17	10.56	10.64
SG&A Margin	9.41	8.94	8.86	8.72	8.67
EBITDA Margin %	9.67	7.62	5.03	7.27	7.55
EBITA Margin %	1.67	1.34	-1.01	1.65	1.73
EBIT Margin %	1.47	1.17	-1.18	1.59	1.73
Income From Continuing Operations Margin %	-0.42	1.6	-3.66	0.71	-2.02
Net Income Margin %	-0.43	1.53	-3.86	0.59	-2.21
Net Avail. For Common Margin %	-0.43	1.53	-3.86	0.59	-2.21
Normalized Net Income Margin	1.84	1.43	-0.92	0.81	0.16
Levered Free Cash Flow Margin	4.78	1.7	-2.77	-1.75	3.27
Unlevered Free Cash Flow Margin	5.03	1.86	-2.52	-1.42	3.57
Asset Turnover
Asset Turnover	0.9	1.03	1.04	1.04	0.99
Fixed Assets Turnover	2.2	2.7	2.68	2.64	2.5
Receivables Turnover (Average Receivables)	3.24	3.89	4.1	3.95	3.7
Inventory Turnover (Average Inventory)	7.51	7.57	6.73	6.17	6.02
Short Term Liquidity
Current Ratio	1.54	1.56	1.4	1.39	1.49
Quick Ratio	1.13	1.07	0.94	0.94	1.03
Operating Cash Flow to Current Liabilities	0.35	0.27	0.14	0.15	0.22
Days Sales Outstanding (Average Receivables)	112.8	93.88	89.02	92.59	98.72
Days Outstanding Inventory (Average Inventory)	48.62	48.23	54.25	59.3	60.65
Average Days Payable Outstanding	66.41	57.57	57.28	64.78	70.99
Cash Conversion Cycle (Average Days)	95	84.54	85.99	87.1	88.38
Long Term Solvency
Total Debt/Equity	33.04	26.5	32.96	32.33	27.86
Total Debt / Total Capital	24.84	20.95	24.79	24.43	21.79
LT Debt/Equity	10.41	6.11	6.56	5.11	4.75
Long-Term Debt / Total Capital	7.83	4.83	4.93	3.86	3.71
Total Liabilities / Total Assets	46.46	43.58	47.24	48.08	45.2
EBIT / Interest Expense	3.6	4.57	-2.93	3.05	3.58
EBITDA / Interest Expense	23.74	29.76	12.53	13.92	15.62
(EBITDA - Capex) / Interest Expense	10.56	11.17	-5.84	2.4	6.46
Total Debt / EBITDA	2.05	1.94	3.37	2.3	1.97
Net Debt / EBITDA	1.07	0.85	1.91	1.27	0.97
Total Debt / (EBITDA - Capex)	4.6	5.16	-7.22	13.37	4.77
Net Debt / (EBITDA - Capex)	2.4	2.27	-4.09	7.35	2.34
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-14.38	16.47	4.55	5.86	-3.96
Gross Profit, 1 Yr. Growth %	-15.62	7.46	-18.66	36.83	-3.19
EBITDA, 1 Yr. Growth %	-23.55	-8.26	-30.91	52.97	-0.29
EBITA, 1 Yr. Growth %	-45.78	-6.15	-178.75	-272.83	0.64
EBIT, 1 Yr. Growth %	-48.97	-6.99	-205.01	-243.56	4.21
Earnings From Cont. Operations, 1 Yr. Growth %	-94.06	-548.63	-338.86	-120.4	-375
Net Income, 1 Yr. Growth %	-93.87	-509.95	-363.73	-116.08	-462.65
Normalized Net Income, 1 Yr. Growth %	45.32	-9.58	-167.54	-192.51	-80.63
Diluted EPS Before Extra, 1 Yr. Growth %	-93.71	-509.83	-363.58	-116.04	-462.24
Accounts Receivable, 1 Yr. Growth %	-0.33	-5.82	4.39	14.99	-8.04
Inventory, 1 Yr. Growth %	3.23	29.71	13.72	11.2	-13.09
Net Property, Plant and Equip., 1 Yr. Growth %	-10.81	1.05	10.01	5.32	-2.44
Total Assets, 1 Yr. Growth %	0.51	2.59	3.37	8.35	-6.03
Tangible Book Value, 1 Yr. Growth %	3.88	8.43	-3.48	6.42	-1.43
Common Equity, 1 Yr. Growth %	3.32	7.98	-3.86	6.32	-1.26
Cash From Operations, 1 Yr. Growth %	47.81	-22.88	-40.84	24.58	23.11
Capital Expenditures, 1 Yr. Growth %	-41.35	3.26	62.15	-13.65	-29.38
Levered Free Cash Flow, 1 Yr. Growth %	-514.63	-58.46	-269.8	-33.2	-279.84
Unlevered Free Cash Flow, 1 Yr. Growth %	-694.36	-56.86	-241.15	-40.27	-341.62
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-20
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-9.47	-0.14	10.35	5.2	0.83
Gross Profit, 2 Yr. CAGR %	-11.23	-4.78	-6.51	5.5	15.09
EBITDA, 2 Yr. CAGR %	-13.65	-16.25	-20.38	2.81	23.5
EBITA, 2 Yr. CAGR %	-31.57	-28.66	-14.03	16.66	31.89
EBIT, 2 Yr. CAGR %	-34.65	-31.11	-1.17	22.78	22.31
Earnings From Cont. Operations, 2 Yr. CAGR %	-58.72	-48.39	227.35	-30.2	-25.1
Net Income, 2 Yr. CAGR %	-56.92	-49.87	228.81	-34.88	-23.64
Normalized Net Income, 2 Yr. CAGR %	-6.52	14.63	-21.85	-20.95	-57.67
Diluted EPS Before Extra, 2 Yr. CAGR %	-56.19	-49.23	228.67	-34.98	-23.78
Accounts Receivable, 2 Yr. CAGR %	-2.68	-3.11	-0.84	9.56	2.84
Inventory, 2 Yr. CAGR %	-1.79	15.72	21.45	12.45	-1.69
Net Property, Plant and Equip., 2 Yr. CAGR %	-14.18	-5.06	5.43	7.64	1.36
Total Assets, 2 Yr. CAGR %	-5.71	1.55	2.98	5.83	0.9
Tangible Book Value, 2 Yr. CAGR %	-7.37	6.13	2.3	1.35	2.42
Common Equity, 2 Yr. CAGR %	-7.87	5.63	1.89	1.1	2.46
Cash From Operations, 2 Yr. CAGR %	-5.68	6.77	-32.45	-14.15	23.84
Capital Expenditures, 2 Yr. CAGR %	-12.47	-22.18	29.4	18.33	-21.91
Levered Free Cash Flow, 2 Yr. CAGR %	-13.3	31.23	-16.02	6.5	9.6
Unlevered Free Cash Flow, 2 Yr. CAGR %	-13.52	60.12	-21.97	-8.18	20.13
Dividend Per Share, 2 Yr. CAGR %	-	0	-	-8.71	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-5.05	-1.54	1.4	8.83	2.05
Gross Profit, 3 Yr. CAGR %	-6.21	-5.4	-9.65	6.15	2.52
EBITDA, 3 Yr. CAGR %	-10.49	-11.89	-21.45	-1.02	1.76
EBITA, 3 Yr. CAGR %	-27.21	-23.97	-26.27	8.5	11.06
EBIT, 3 Yr. CAGR %	-30.25	-26.49	-20.71	11.93	16.25
Earnings From Cont. Operations, 3 Yr. CAGR %	-45.18	-8.56	-13.99	29.78	10.24
Net Income, 3 Yr. CAGR %	-43.03	-8.7	-12.82	20.24	15.42
Normalized Net Income, 3 Yr. CAGR %	-13.94	-7.55	-3.9	-17.33	-50.54
Diluted EPS Before Extra, 3 Yr. CAGR %	-42.39	-7.69	-12.09	20.1	15.26
Accounts Receivable, 3 Yr. CAGR %	-1.31	-3.74	-0.67	4.18	3.35
Inventory, 3 Yr. CAGR %	3	7.75	15.05	17.93	3.2
Net Property, Plant and Equip., 3 Yr. CAGR %	-10.01	-9.38	-0.28	5.4	4.17
Total Assets, 3 Yr. CAGR %	-4.5	-3.02	2.15	4.74	1.72
Tangible Book Value, 3 Yr. CAGR %	-4.93	-2.38	2.82	3.66	0.41
Common Equity, 3 Yr. CAGR %	-5.17	-2.86	2.36	3.34	0.31
Cash From Operations, 3 Yr. CAGR %	30.05	-11.8	-12.31	-17.17	-3.19
Capital Expenditures, 3 Yr. CAGR %	-4.12	-7.51	-0.6	13.08	-0.37
Levered Free Cash Flow, 3 Yr. CAGR %	41.22	-32.16	43	-22.19	26.82
Unlevered Free Cash Flow, 3 Yr. CAGR %	57.83	-31.42	53.53	-28.62	26.77
Dividend Per Share, 3 Yr. CAGR %	-	-9.14	-	-	-12.64
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.37	1.88	0.83	1.1	1.17
Gross Profit, 5 Yr. CAGR %	-1.38	-2.15	-6.33	-1.18	-0.47
EBITDA, 5 Yr. CAGR %	-2.75	-7.22	-14.59	-6.28	-5.87
EBITA, 5 Yr. CAGR %	-11.47	-17.7	-22.2	-9.77	-6.96
EBIT, 5 Yr. CAGR %	-13.71	-19.92	-19.82	-9.75	-5.7
Earnings From Cont. Operations, 5 Yr. CAGR %	-21.01	71.09	12.03	-17.92	-18.62
Net Income, 5 Yr. CAGR %	-21.31	57.03	14.86	-20.25	-17.32
Normalized Net Income, 5 Yr. CAGR %	1.34	-7.82	-17.19	-13.16	-30.77
Diluted EPS Before Extra, 5 Yr. CAGR %	-20.78	58.08	15.61	-19.77	-16.97
Accounts Receivable, 5 Yr. CAGR %	2.66	1.33	-1.13	1.38	0.72
Inventory, 5 Yr. CAGR %	6.48	10.87	10.02	9.61	8.03
Net Property, Plant and Equip., 5 Yr. CAGR %	-13.08	-7.21	-4.12	-2.92	0.37
Total Assets, 5 Yr. CAGR %	-4.93	-2.55	-1.57	0.43	1.65
Tangible Book Value, 5 Yr. CAGR %	-2.39	-0.88	-2.1	-0.9	2.66
Common Equity, 5 Yr. CAGR %	-2.35	-0.94	-2.41	-1.3	2.4
Cash From Operations, 5 Yr. CAGR %	9.5	-6.19	0.07	-12.75	0.68
Capital Expenditures, 5 Yr. CAGR %	-19.83	-14.18	8.1	2.07	-9.74
Levered Free Cash Flow, 5 Yr. CAGR %	-12.61	65.1	14.71	-18.75	28.57
Unlevered Free Cash Flow, 5 Yr. CAGR %	-10.97	28.27	19.07	-22.93	39.18
Dividend Per Share, 5 Yr. CAGR %	-	-5.59	-	-8.97	-7.79