Income Statement Tokura Corporation

Stocks

1892

JP3625800002

Construction & Engineering

End-of-day quote NAGOYA STOCK EXCHANGE 21/08/2026			5-day change	1st Jan Change
7,810.00 ^JPY	0.00%		-1.14%	+20.15%

01-06	Tokura Corporation announces Annual dividend, payable on June 30, 2026	CI
19/02/24	Tranche Update on Tokura Corporation's Equity Buyback Plan announced on February 16, 2024.	CI

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Published financial data: TOKURA CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	66.96B	58.52B	63.69B	71.52B	68.18B
Total Revenues	66.96B	58.52B	63.69B	71.52B	68.18B
Cost of Goods Sold, Total	60.64B	53.94B	57.99B	65.68B	60.51B
Gross Profit	6.33B	4.58B	5.7B	5.83B	7.67B
Selling General & Admin Expenses, Total	3.75B	4B	4.11B	4.28B	4.76B
Provision for Bad Debts	44M	61M	71M	21M	17M
Other Operating Expenses, Total	3.79B	4.06B	4.18B	4.3B	4.78B
Operating Income	2.54B	525M	1.52B	1.53B	2.89B
Interest Expense, Total	-42M	-36M	-37M	-36M	-54M
Interest And Investment Income	63M	80M	99M	133M	138M
Net Interest Expenses	21M	44M	62M	97M	84M
Currency Exchange Gains (Loss)	48M	40M	99M	-10M	133M
Other Non Operating Income (Expenses)	1M	39M	40M	24M	-10M
EBT, Excl. Unusual Items	2.61B	648M	1.72B	1.64B	3.1B
Gain (Loss) On Sale Of Investments	-1M	50M	-	201M	-51M
Gain (Loss) On Sale Of Assets	4M	180M	-	9M	196M
Asset Writedown	-90M	-	-	-	-
Other Unusual Items	-3M	1M	-	-	-5M
EBT, Incl. Unusual Items	2.52B	879M	1.72B	1.85B	3.24B
Income Tax Expense	838M	283M	521M	486M	870M
Earnings From Continuing Operations	1.68B	596M	1.2B	1.37B	2.37B
Net Income to Company	1.68B	596M	1.2B	1.37B	2.37B
Minority Interest	-	-6M	-32M	-16M	-104M
Net Income - (IS)	1.68B	590M	1.16B	1.35B	2.26B
Net Income to Common Incl Extra Items	1.68B	590M	1.16B	1.35B	2.26B
Net Income to Common Excl. Extra Items	1.68B	590M	1.16B	1.35B	2.26B
Per Share Items
Net EPS - Basic	805.99	282.42	555.31	652.65	1.09K
Basic EPS - Continuing Operations	805.99	282.42	555.31	652.65	1.09K
Basic Weighted Average Shares Outstanding	2.08M	2.09M	2.09M	2.07M	2.08M
Net EPS - Diluted	805.99	282.42	555.31	652.65	1.09K
Diluted EPS - Continuing Operations	805.99	282.42	555.31	652.65	1.09K
Diluted Weighted Average Shares Outstanding	2.08M	2.09M	2.09M	2.07M	2.08M
Normalized Basic EPS	782.17	190.99	496.82	488.28	880.07
Normalized Diluted EPS	782.17	190.99	496.82	488.28	880.07
Dividend Per Share	120	150	150	180	200
Payout Ratio	14.77	53.56	27.34	23.22	16.73
Supplemental Items
EBITDA	2.68B	654M	1.66B	1.69B	3.06B
EBITA	2.54B	525M	1.52B	1.53B	2.89B
EBIT	2.54B	525M	1.52B	1.53B	2.89B
Effective Tax Rate - (Ratio)	33.29	32.2	30.36	26.21	26.86
Normalized Net Income	1.63B	399M	1.04B	1.01B	1.83B
Non-Cash Pension Expense	-14M	-11M	0	-50M	-49M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	7M	13M	10M	12M	14M

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	10.51B	13.63B	15.29B	11.85B	11.7B
Short Term Investments	-	-	-	-	9M
Total Cash And Short Term Investments	10.51B	13.63B	15.29B	11.85B	11.71B
Accounts Receivable, Total	20.32B	17.84B	19.5B	25.09B	24.66B
Total Receivables	20.32B	17.84B	19.5B	25.09B	24.66B
Inventory	331M	592M	372M	554M	578M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	1.75B	1.16B	1.76B	2.87B	2.59B
Total Current Assets	32.92B	33.22B	36.92B	40.37B	39.54B
Net Property Plant And Equipment	8.44B	8.05B	8.11B	8.08B	7.8B
Long-term Investments	2.42B	3.1B	4.1B	3.82B	5.53B
Other Intangibles, Total	60M	81M	164M	132M	101M
Loans Receivable Long-Term	449M	402M	473M	466M	113M
Deferred Tax Assets Long-Term	217M	64M	59M	144M	187M
Other Long-Term Assets, Total	2M	-	3M	2M	1M
Total Assets	44.5B	44.92B	49.83B	53B	53.27B
Liabilities
Accounts Payable, Total	15.19B	15.52B	18.19B	17.85B	17.14B
Accrued Expenses, Total	273M	278M	284M	393M	409M
Short-term Borrowings	1.58B	1.99B	1.34B	4.84B	2.8B
Current Portion of Long-Term Debt	214M	214M	206M	80M	-
Current Income Taxes Payable	468M	67M	551M	468M	671M
Unearned Revenue Current, Total	3.01B	3.69B	5.15B	4.49B	3.82B
Other Current Liabilities	2.33B	1.96B	1.79B	2.33B	2.68B
Total Current Liabilities	23.06B	23.72B	27.5B	30.45B	27.52B
Long-Term Debt	2.87B	2B	1.4B	999M	664M
Pension & Other Post Retirement Benefits	291M	294M	276M	287M	293M
Deferred Tax Liability Non Current	934M	984M	1.21B	1.06B	1.47B
Other Non Current Liabilities	283M	285M	334M	350M	399M
Total Liabilities	27.44B	27.28B	30.72B	33.14B	30.35B
Common Stock, Total	2.37B	2.37B	2.37B	2.37B	2.37B
Additional Paid In Capital	3.19B	3.2B	3.22B	3.24B	3.3B
Retained Earnings	11.91B	12.18B	13B	14.04B	15.35B
Treasury Stock	-204M	-196M	-305M	-290M	-257M
Comprehensive Income and Other	-243M	38M	770M	427M	1.99B
Total Common Equity	17.02B	17.59B	19.05B	19.78B	22.75B
Minority Interest	40M	46M	54M	74M	176M
Total Equity	17.06B	17.64B	19.11B	19.86B	22.92B
Total Liabilities And Equity	44.5B	44.92B	49.83B	53B	53.27B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.09M	2.09M	2.07M	2.08M	2.09M
ECS Total Common Shares Outstanding	2.09M	2.09M	2.07M	2.08M	2.09M
Book Value / Share	8.16K	8.41K	9.21K	9.53K	10.88K
Tangible Book Value	16.96B	17.51B	18.89B	19.65B	22.65B
Tangible Book Value Per Share	8.13K	8.37K	9.13K	9.47K	10.83K
Total Debt	4.67B	4.2B	2.94B	5.92B	3.46B
Net Debt	-5.84B	-9.43B	-12.34B	-5.94B	-8.25B
Debt Equivalent of Unfunded Proj. Benefit Obligation	249M	244M	4M	-11M	-259M
Minority Interest, Total (Incl. Fin. Div)	40M	46M	54M	74M	176M
Inventories - Raw Materials, Total	18M	18M	21M	15M	13M
Inventories - Work In Process, Total	203M	475M	291M	357M	371M
Inventories - Finished Goods, Total	110M	99M	60M	182M	194M
Inventories - Others	-	-	-	-	-
Full Time Employees	775	776	791	788	808
Accumulated Allowance for Doubtful Accounts (Supple)	38M	32M	1M	3M	5M
Order Backlog	39.83B	51.72B	61.33B	63.55B	68.44B

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	2.52B	880M	1.72B	1.86B	3.24B
Depreciation & Amortization - CF	139M	129M	146M	156M	168M
Depreciation & Amortization, Total	139M	129M	146M	156M	168M
(Gain) Loss From Sale Of Asset	86M	-180M	-	-9M	-196M
(Gain) Loss on Sale of Investments - (CF)	3M	-50M	-	-200M	51M
Other Operating Activities, Total	-1.14B	-874M	163M	-771M	-717M
Change In Accounts Receivable	-3.85B	2.5B	-1.66B	-5.53B	441M
Change In Inventories	49M	-261M	221M	-182M	-24M
Change In Accounts Payable	2.33B	319M	2.68B	-417M	-741M
Change in Other Net Operating Assets	197M	1.14B	493M	-1.09B	49M
Cash from Operations	330M	3.61B	3.76B	-6.19B	2.27B
Capital Expenditure	-45M	-79M	-137M	-98M	-851M
Sale of Property, Plant, and Equipment	12M	544M	-	31M	1.2B
Cash Acquisitions	-90M	-	-	-8M	-
Sale (Purchase) of Intangible assets	-7M	-37M	-118M	-4M	-7M
Investment in Marketable and Equity Securities, Total	-132M	-159M	-671M	737M	27M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-14M	48M	-37M	-18M	-15M
Other Investing Activities, Total	-19M	-21M	-13M	0	-29M
Cash from Investing	-295M	296M	-976M	640M	325M
Short Term Debt Issued, Total	17.82B	14.72B	-	3.55B	-
Long-Term Debt Issued, Total	100M	60M	80M	100M	-
Total Debt Issued	17.92B	14.78B	80M	3.65B	-
Short Term Debt Repaid, Total	-17.7B	-14.32B	-422M	-	-1.96B
Long-Term Debt Repaid, Total	-1.21B	-959M	-921M	-692M	-484M
Total Debt Repaid	-18.91B	-15.28B	-1.34B	-692M	-2.45B
Issuance of Common Stock	114M	-	-	-	-
Repurchase of Common Stock	-114M	-	-115M	-	-
Common Dividends Paid	-248M	-316M	-318M	-314M	-379M
Common & Preferred Stock Dividends Paid	-248M	-316M	-318M	-314M	-379M
Other Financing Activities, Total	-15M	-15M	-15M	-7M	-23M
Cash from Financing	-1.25B	-828M	-1.71B	2.64B	-2.85B
Foreign Exchange Rate Adjustments	17M	36M	67M	49M	43M
Miscellaneous Cash Flow Adjustments	-	-1M	-87M	3M	2M
Net Change in Cash	-1.2B	3.11B	1.06B	-2.85B	-209M
Supplemental Items
Cash Interest Paid	42M	35M	37M	39M	51M
Cash Income Tax Paid (Refund)	1.14B	873M	-159M	770M	719M
Levered Free Cash Flow	298M	3.38B	3.22B	-6.32B	955M
Unlevered Free Cash Flow	325M	3.4B	3.24B	-6.3B	988M
Change In Net Working Capital	1.35B	-3.06B	-2.4B	7.31B	129M
Net Debt Issued / Repaid	-988M	-497M	-1.26B	2.96B	-2.45B

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	3.66	0.73	2	1.86	3.4
Return on Total Capital	7.37	1.51	4.32	4.01	6.93
Return On Equity %	10.27	3.44	6.5	7.02	11.07
Return on Common Equity	10.3	3.41	6.35	6.96	10.65
Margin Analysis
Gross Profit Margin %	9.45	7.83	8.95	8.15	11.25
SG&A Margin	5.59	6.83	6.46	5.98	6.98
EBITDA Margin %	4	1.12	2.61	2.36	4.49
EBITA Margin %	3.79	0.9	2.38	2.14	4.24
EBIT Margin %	3.79	0.9	2.38	2.14	4.24
Income From Continuing Operations Margin %	2.51	1.02	1.88	1.91	3.47
Net Income Margin %	2.51	1.01	1.83	1.89	3.32
Net Avail. For Common Margin %	2.51	1.01	1.83	1.89	3.32
Normalized Net Income Margin	2.43	0.68	1.63	1.41	2.69
Levered Free Cash Flow Margin	0.45	5.78	5.05	-8.84	1.4
Unlevered Free Cash Flow Margin	0.48	5.82	5.09	-8.8	1.45
Asset Turnover
Asset Turnover	1.55	1.31	1.34	1.39	1.28
Fixed Assets Turnover	7.85	7.09	7.88	8.84	8.59
Receivables Turnover (Average Receivables)	3.69	3.07	3.41	3.21	2.74
Inventory Turnover (Average Inventory)	83.99	116.88	120.32	141.87	106.9
Short Term Liquidity
Current Ratio	1.43	1.4	1.34	1.33	1.44
Quick Ratio	1.34	1.33	1.26	1.21	1.32
Operating Cash Flow to Current Liabilities	0.01	0.15	0.14	-0.2	0.08
Days Sales Outstanding (Average Receivables)	98.9	118.99	107.29	113.81	133.19
Days Outstanding Inventory (Average Inventory)	4.35	3.12	3.04	2.57	3.41
Average Days Payable Outstanding	85.51	103.41	106.78	99.84	105.47
Cash Conversion Cycle (Average Days)	17.74	18.71	3.55	16.54	31.13
Long Term Solvency
Total Debt/Equity	27.38	23.8	15.39	29.79	15.11
Total Debt / Total Capital	21.49	19.22	13.34	22.95	13.13
LT Debt/Equity	16.84	11.33	7.32	5.03	2.9
Long-Term Debt / Total Capital	13.22	9.15	6.34	3.88	2.52
Total Liabilities / Total Assets	61.67	60.73	61.65	62.53	56.97
EBIT / Interest Expense	60.4	14.58	40.95	42.58	53.56
EBITDA / Interest Expense	63.71	18.17	44.89	46.92	56.67
(EBITDA - Capex) / Interest Expense	62.64	15.97	41.19	44.19	40.91
Total Debt / EBITDA	1.75	6.42	1.77	3.5	1.13
Net Debt / EBITDA	-2.18	-14.42	-7.43	-3.52	-2.7
Total Debt / (EBITDA - Capex)	1.77	7.3	1.93	3.72	1.57
Net Debt / (EBITDA - Capex)	-2.22	-16.4	-8.1	-3.73	-3.73
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	22.96	-12.61	8.83	12.29	-4.67
Gross Profit, 1 Yr. Growth %	4.25	-27.56	24.35	2.33	31.53
EBITDA, 1 Yr. Growth %	0.75	-75.56	153.98	1.69	81.17
EBITA, 1 Yr. Growth %	0.83	-79.31	188.57	1.19	88.65
EBIT, 1 Yr. Growth %	0.83	-79.31	188.57	1.19	88.65
Earnings From Cont. Operations, 1 Yr. Growth %	-5.46	-64.5	100.5	14.48	73.17
Net Income, 1 Yr. Growth %	-2.16	-64.86	97.12	16.25	67.53
Normalized Net Income, 1 Yr. Growth %	4.74	-75.51	160.78	-2.79	81.2
Diluted EPS Before Extra, 1 Yr. Growth %	-3.25	-64.96	96.63	17.53	66.64
Accounts Receivable, 1 Yr. Growth %	27.23	-12.21	9.33	28.67	-1.73
Inventory, 1 Yr. Growth %	-70.26	78.85	-37.16	48.92	4.33
Net Property, Plant and Equip., 1 Yr. Growth %	-2.01	-4.61	0.74	-0.48	-3.46
Total Assets, 1 Yr. Growth %	5.5	0.93	10.93	6.37	0.51
Tangible Book Value, 1 Yr. Growth %	9.24	3.27	7.86	4.04	15.23
Common Equity, 1 Yr. Growth %	9.12	3.38	8.3	3.84	14.97
Cash From Operations, 1 Yr. Growth %	-94.33	993.03	4.32	-264.39	-136.71
Capital Expenditures, 1 Yr. Growth %	-69.59	75.56	73.42	-28.47	768.37
Levered Free Cash Flow, 1 Yr. Growth %	-94.17	1.03K	-4.82	-296.39	-115.11
Unlevered Free Cash Flow, 1 Yr. Growth %	-93.7	948.32	-4.77	-294.3	-115.7
Dividend Per Share, 1 Yr. Growth %	0	25	0	20	11.11
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.3	3.66	-2.48	10.54	3.46
Gross Profit, 2 Yr. CAGR %	5.12	-13.1	-5.09	12.81	16.02
EBITDA, 2 Yr. CAGR %	5.07	-50.38	-21.22	60.7	35.73
EBITA, 2 Yr. CAGR %	5.37	-54.32	-22.72	70.88	38.16
EBIT, 2 Yr. CAGR %	5.37	-54.32	-22.72	70.88	38.16
Earnings From Cont. Operations, 2 Yr. CAGR %	11.77	-42.07	-15.64	51.5	40.8
Net Income, 2 Yr. CAGR %	12.74	-41.36	-16.77	51.38	39.55
Normalized Net Income, 2 Yr. CAGR %	8.12	-49.36	-20.09	59.22	32.72
Diluted EPS Before Extra, 2 Yr. CAGR %	12.07	-41.77	-17	52.02	39.94
Accounts Receivable, 2 Yr. CAGR %	0.97	5.68	-2.03	18.61	12.45
Inventory, 2 Yr. CAGR %	-52.32	-27.07	6.01	-3.26	24.65
Net Property, Plant and Equip., 2 Yr. CAGR %	-1.02	-3.32	-1.97	0.13	-1.98
Total Assets, 2 Yr. CAGR %	1.08	3.19	5.81	8.63	3.4
Tangible Book Value, 2 Yr. CAGR %	11.62	6.22	5.54	5.93	9.49
Common Equity, 2 Yr. CAGR %	11.5	6.21	5.81	6.04	9.26
Cash From Operations, 2 Yr. CAGR %	-34.24	-21.27	237.68	30.96	-22.31
Capital Expenditures, 2 Yr. CAGR %	-48.7	-26.94	74.48	11.38	149.23
Levered Free Cash Flow, 2 Yr. CAGR %	-47.73	-18.75	228.39	36.72	-45.53
Unlevered Free Cash Flow, 2 Yr. CAGR %	-44.68	-18.71	215.97	36.03	-44.77
Dividend Per Share, 2 Yr. CAGR %	9.54	11.8	11.8	9.54	15.47
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.32	0.83	5.36	2.22	5.22
Gross Profit, 3 Yr. CAGR %	6.2	-7.15	-2.08	-2.68	18.73
EBITDA, 3 Yr. CAGR %	6.97	-35.38	-14.48	-14.22	67.26
EBITA, 3 Yr. CAGR %	7.56	-38.75	-15.56	-15.46	76.61
EBIT, 3 Yr. CAGR %	7.56	-38.75	-15.56	-15.46	76.61
Earnings From Cont. Operations, 3 Yr. CAGR %	5.37	-23.74	-12.37	-6.6	58.41
Net Income, 3 Yr. CAGR %	5.94	-23.56	-12.16	-6.97	56.58
Normalized Net Income, 3 Yr. CAGR %	8.22	-34.1	-12.55	-14.69	66.23
Diluted EPS Before Extra, 3 Yr. CAGR %	5.52	-23.94	-12.64	-6.79	56.74
Accounts Receivable, 3 Yr. CAGR %	3.94	-3.63	6.89	7.29	11.4
Inventory, 3 Yr. CAGR %	-20.99	-25.92	-30.6	18.73	-0.79
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.27	-2.23	-1.98	-1.47	-1.08
Total Assets, 3 Yr. CAGR %	2.66	1.03	5.71	6	5.85
Tangible Book Value, 3 Yr. CAGR %	9.99	8.76	6.76	5.04	8.95
Common Equity, 3 Yr. CAGR %	9.92	8.73	6.9	5.15	8.94
Cash From Operations, 3 Yr. CAGR %	133.26	67.83	-13.52	165.64	-14.29
Capital Expenditures, 3 Yr. CAGR %	-20.92	-22.69	-2.54	29.62	120.85
Levered Free Cash Flow, 3 Yr. CAGR %	19.75	45.74	-14.35	176.68	-34.39
Unlevered Free Cash Flow, 3 Yr. CAGR %	33.77	47.48	-14.3	168.69	-33.77
Dividend Per Share, 3 Yr. CAGR %	6.27	14.47	7.72	14.47	10.06
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.27	4.17	2.71	4.61	4.6
Gross Profit, 5 Yr. CAGR %	11.55	0.86	1.53	0.37	4.8
EBITDA, 5 Yr. CAGR %	17.09	-10.86	-5.34	-6.97	2.87
EBITA, 5 Yr. CAGR %	18.58	-11.91	-5.77	-7.67	2.82
EBIT, 5 Yr. CAGR %	18.58	-11.91	-5.77	-7.67	2.82
Earnings From Cont. Operations, 5 Yr. CAGR %	9.41	-26.64	-3.59	0.35	5.93
Net Income, 5 Yr. CAGR %	9.57	-26.77	-3.81	0.46	5.71
Normalized Net Income, 5 Yr. CAGR %	17.7	-5.61	-4.14	-6.21	3.33
Diluted EPS Before Extra, 5 Yr. CAGR %	9.32	-26.98	-4.14	0.34	5.48
Accounts Receivable, 5 Yr. CAGR %	8.17	6.55	1.51	4.71	9.08
Inventory, 5 Yr. CAGR %	-4.47	0.76	-11.13	-17.57	-12.28
Net Property, Plant and Equip., 5 Yr. CAGR %	10.27	-1.85	-1.55	-1.29	-1.98
Total Assets, 5 Yr. CAGR %	8.36	4.38	3.91	4.01	4.78
Tangible Book Value, 5 Yr. CAGR %	14.53	8.39	8.19	7.62	7.85
Common Equity, 5 Yr. CAGR %	14.47	8.39	8.26	7.65	7.84
Cash From Operations, 5 Yr. CAGR %	-37.84	36.51	170.47	51.98	-17.15
Capital Expenditures, 5 Yr. CAGR %	-4.95	-17.12	8.53	-10.54	41.88
Levered Free Cash Flow, 5 Yr. CAGR %	-39.14	18.11	79.28	42.06	-28.53
Unlevered Free Cash Flow, 5 Yr. CAGR %	-38.27	17.65	88.65	42.79	-28.11
Dividend Per Share, 5 Yr. CAGR %	14.87	13.4	8.45	12.47	10.76