Income Statement Yamada Corporation

Stocks

6392

JP3938600008

Industrial Machinery & Equipment

Market Closed - Japan Exchange 03:00:00 15/09/2026 +03			5-day change	1st Jan Change
7,940.00 ^JPY	0.00%		+0.13%	+16.76%

11/05/23	Yamada Corporation Reports Earnings Results for the Full Year Ended March 31, 2023	CI
27/10/17	Yamada Corporation announces an Equity Buyback for 54 shares.	CI

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Published financial data: YAMADA CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Revenues	12.2B	13.72B	14.75B	14.63B	16.23B
Total Revenues	12.2B	13.72B	14.75B	14.63B	16.23B
Cost of Goods Sold, Total	6.85B	7.97B	8.18B	8.31B	8.84B
Gross Profit	5.35B	5.75B	6.57B	6.32B	7.38B
Selling General & Admin Expenses, Total	3.36B	3.71B	3.92B	4.16B	4.48B
Provision for Bad Debts	-	-7M	7M	2M	-1M
Depreciation & Amortization - (IS)	180M	175M	180M	206M	240M
Other Operating Expenses	5M	3M	-1M	-1M	-1M
Other Operating Expenses, Total	3.54B	3.88B	4.11B	4.36B	4.72B
Operating Income	1.81B	1.87B	2.46B	1.96B	2.66B
Interest Expense, Total	-5M	-2M	-3M	-2M	-1M
Interest And Investment Income	8M	11M	29M	40M	52M
Net Interest Expenses	3M	9M	26M	38M	51M
Currency Exchange Gains (Loss)	-165M	100M	-47M	80M	-109M
Other Non Operating Income (Expenses)	48M	117M	110M	110M	94M
EBT, Excl. Unusual Items	1.7B	2.1B	2.55B	2.19B	2.7B
Gain (Loss) On Sale Of Investments	6M	-	-	-	-
Gain (Loss) On Sale Of Assets	-18M	-14M	-10M	0	-80M
Other Unusual Items	-	-	-	-	-59M
EBT, Incl. Unusual Items	1.68B	2.08B	2.54B	2.19B	2.56B
Income Tax Expense	505M	592M	621M	574M	828M
Earnings From Continuing Operations	1.18B	1.49B	1.92B	1.61B	1.73B
Net Income to Company	1.18B	1.49B	1.92B	1.61B	1.73B
Minority Interest	-11M	5M	-3M	-7M	-2M
Net Income - (IS)	1.17B	1.49B	1.92B	1.61B	1.73B
Net Income to Common Incl Extra Items	1.17B	1.49B	1.92B	1.61B	1.73B
Net Income to Common Excl. Extra Items	1.17B	1.49B	1.92B	1.61B	1.73B
Per Share Items
Net EPS - Basic	487.47	624.06	801.5	671.54	723.78
Basic EPS - Continuing Operations	487.47	624.06	801.5	671.54	723.78
Basic Weighted Average Shares Outstanding	2.39M	2.39M	2.39M	2.39M	2.39M
Net EPS - Diluted	487.47	624.06	801.5	671.54	723.78
Diluted EPS - Continuing Operations	487.47	624.06	801.5	671.54	723.78
Diluted Weighted Average Shares Outstanding	2.39M	2.39M	2.39M	2.39M	2.39M
Normalized Basic EPS	437.92	549.03	665.27	568.53	704.61
Normalized Diluted EPS	437.92	549.03	665.27	568.53	704.61
Dividend Per Share	101	130	200	210	220
Payout Ratio	19.62	16.93	16.63	41.57	28.98
Supplemental Items
EBITDA	2.12B	2.37B	2.99B	2.6B	3.38B
EBITA	1.8B	1.86B	2.46B	1.96B	2.66B
EBIT	1.81B	1.87B	2.46B	1.96B	2.66B
EBITDAR	2.24B	2.5B	3.1B	2.75B	3.48B
Effective Tax Rate - (Ratio)	30.01	28.45	24.43	26.23	32.32
Normalized Net Income	1.05B	1.31B	1.59B	1.36B	1.69B
Non-Cash Pension Expense	118M	94.87M	58.61M	122M	65.9M
Supplemental Operating Expense Items
Advertising Expense	79M	105M	93M	113M	118M
Selling and Marketing Expenses	234M	295M	231M	246M	252M
Research And Development Expense From Footnotes	36M	25M	22M	41M	41M
Net Rental Expense, Total	116M	126M	118M	154M	105M
Imputed Operating Lease Interest Expense	2.54M	1.12M	1.9M	2.24M	990K
Imputed Operating Lease Depreciation	113M	125M	116M	152M	104M

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Assets
Cash And Equivalents	3.55B	4.53B	4.34B	4.1B	4.68B
Total Cash And Short Term Investments	3.55B	4.53B	4.34B	4.1B	4.68B
Accounts Receivable, Total	1.92B	2.03B	2.11B	2.18B	2.26B
Total Receivables	1.92B	2.03B	2.11B	2.18B	2.26B
Inventory	3.3B	3.58B	4.26B	4.54B	4.91B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	581M	271M	328M	435M	424M
Total Current Assets	9.34B	10.4B	11.04B	11.26B	12.28B
Net Property Plant And Equipment	6.99B	6.89B	6.96B	6.9B	7.72B
Long-term Investments	299M	306M	384M	388M	446M
Other Intangibles, Total	159M	209M	268M	460M	448M
Deferred Tax Assets Long-Term	241M	249M	386M	300M	239M
Other Long-Term Assets, Total	1M	1M	-	1M	2M
Total Assets	17.04B	18.06B	19.04B	19.3B	21.14B
Liabilities
Accounts Payable, Total	1.43B	1.28B	559M	444M	510M
Accrued Expenses, Total	415M	426M	486M	491M	514M
Short-term Borrowings	80M	118M	-	10M	10M
Current Portion of Long-Term Debt	227M	333M	303M	234M	96M
Current Portion of Leases	9M	20M	24M	13M	25M
Current Income Taxes Payable	320M	195M	277M	42M	282M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	235M	207M	204M	263M	270M
Total Current Liabilities	2.72B	2.58B	1.85B	1.5B	1.71B
Long-Term Debt	1.56B	1.22B	919M	684M	587M
Long-Term Leases	-	31M	14M	-	38M
Pension & Other Post Retirement Benefits	241M	250M	221M	215M	180M
Deferred Tax Liability Non Current	170M	171M	167M	164M	169M
Other Non Current Liabilities	71M	65M	59M	41M	53M
Total Liabilities	4.76B	4.32B	3.23B	2.6B	2.73B
Common Stock, Total	600M	600M	600M	600M	600M
Additional Paid In Capital	58M	58M	58M	58M	58M
Retained Earnings	11.02B	12.26B	13.86B	14.8B	16.02B
Treasury Stock	-7M	-7M	-7M	-8M	-9M
Comprehensive Income and Other	321M	547M	1.01B	962M	1.44B
Total Common Equity	11.99B	13.46B	15.52B	16.41B	18.11B
Minority Interest	291M	283M	286M	293M	294M
Total Equity	12.28B	13.74B	15.8B	16.7B	18.41B
Total Liabilities And Equity	17.04B	18.06B	19.04B	19.3B	21.14B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.39M	2.39M	2.39M	2.39M	2.39M
ECS Total Common Shares Outstanding	2.39M	2.39M	2.39M	2.39M	2.39M
Book Value / Share	5.01K	5.62K	6.48K	6.85K	7.57K
Tangible Book Value	11.83B	13.25B	15.25B	15.95B	17.66B
Tangible Book Value Per Share	4.94K	5.53K	6.37K	6.66K	7.38K
Total Debt	1.87B	1.72B	1.26B	941M	756M
Net Debt	-1.68B	-2.8B	-3.08B	-3.16B	-3.93B
Debt Equivalent of Unfunded Proj. Benefit Obligation	193M	199M	169M	162M	125M
Debt Equivalent Oper. Leases	928M	1.01B	944M	1.23B	840M
Minority Interest, Total (Incl. Fin. Div)	291M	283M	286M	293M	294M
Inventories - Raw Materials, Total	633M	711M	776M	911M	947M
Inventories - Work In Process, Total	527M	574M	650M	728M	583M
Inventories - Finished Goods, Total	2.14B	2.29B	2.84B	2.9B	3.38B
Inventories - Others	-	2M	1M	1M	2M
Full Time Employees	328	333	350	346	338
Accumulated Allowance for Doubtful Accounts (Supple)	7M	-	8M	10M	9M

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Net Income	1.68B	2.08B	2.54B	2.19B	2.56B
Depreciation & Amortization - CF	317M	504M	527M	644M	712M
Amortization of Goodwill and Intangible Assets - (CF)	-4M	-4M	-4M	-4M	-2M
Depreciation & Amortization, Total	313M	500M	523M	640M	710M
(Gain) Loss From Sale Of Asset	18M	14M	10M	-	80M
(Gain) Loss on Sale of Investments - (CF)	-6M	-	-	-	-
Other Operating Activities, Total	-446M	-702M	-685M	-775M	-480M
Change In Accounts Receivable	-132M	-47M	-11M	-78M	-5M
Change In Inventories	-635M	-156M	-463M	-305M	-155M
Change In Accounts Payable	291M	-208M	-796M	-105M	-3M
Change in Other Net Operating Assets	-309M	247M	-137M	33M	-132M
Cash from Operations	778M	1.73B	984M	1.6B	2.58B
Capital Expenditure	-1.35B	-302M	-453M	-586M	-1.45B
Sale of Property, Plant, and Equipment	-	3M	2M	16M	106M
Sale (Purchase) of Intangible assets	-5M	-71M	-67M	-227M	-89M
Investment in Marketable and Equity Securities, Total	8M	-	-	-	-
Other Investing Activities, Total	33M	27M	24M	20M	43M
Cash from Investing	-1.32B	-343M	-494M	-777M	-1.39B
Short Term Debt Issued, Total	80M	194M	170M	10M	-
Long-Term Debt Issued, Total	400M	-	-	-	-
Total Debt Issued	480M	194M	170M	10M	-
Short Term Debt Repaid, Total	-100M	-156M	-288M	-	-
Long-Term Debt Repaid, Total	-283M	-227M	-333M	-303M	-234M
Total Debt Repaid	-383M	-383M	-621M	-303M	-234M
Common Dividends Paid	-229M	-253M	-319M	-668M	-502M
Common & Preferred Stock Dividends Paid	-229M	-253M	-319M	-668M	-502M
Other Financing Activities, Total	-27M	-21M	-24M	-26M	-31M
Cash from Financing	-159M	-463M	-794M	-987M	-767M
Foreign Exchange Rate Adjustments	42M	59M	117M	-80M	170M
Miscellaneous Cash Flow Adjustments	1M	-1M	-	-1M	-
Net Change in Cash	-653M	981M	-187M	-247M	587M
Supplemental Items
Cash Interest Paid	5M	2M	3M	2M	1M
Cash Income Tax Paid (Refund)	453M	757M	737M	833M	530M
Levered Free Cash Flow	-592M	921M	132M	304M	730M
Unlevered Free Cash Flow	-589M	922M	134M	305M	731M
Change In Net Working Capital	677M	373M	1.41B	747M	102M
Net Debt Issued / Repaid	97M	-189M	-451M	-293M	-234M

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Profitability
Return on Assets	7.03	6.66	8.3	6.39	8.24
Return on Total Capital	8.35	7.89	9.46	7.06	9.05
Return On Equity %	10.06	11.44	13	9.93	9.88
Return on Common Equity	10.22	11.74	13.24	10.07	10.03
Margin Analysis
Gross Profit Margin %	43.84	41.89	44.55	43.22	45.49
SG&A Margin	27.5	27.02	26.6	28.4	27.6
EBITDA Margin %	17.39	17.27	20.24	17.77	20.8
EBITA Margin %	14.79	13.6	16.67	13.37	16.41
EBIT Margin %	14.82	13.63	16.69	13.4	16.42
Income From Continuing Operations Margin %	9.65	10.86	13.02	11.03	10.69
Net Income Margin %	9.56	10.89	13	10.99	10.67
Net Avail. For Common Margin %	9.56	10.89	13	10.99	10.67
Normalized Net Income Margin	8.59	9.58	10.79	9.3	10.39
Levered Free Cash Flow Margin	-4.85	6.71	0.9	2.08	4.5
Unlevered Free Cash Flow Margin	-4.83	6.72	0.91	2.08	4.5
Asset Turnover
Asset Turnover	0.76	0.78	0.8	0.76	0.8
Fixed Assets Turnover	1.91	1.98	2.13	2.11	2.22
Receivables Turnover (Average Receivables)	6.69	6.96	7.13	6.81	7.3
Inventory Turnover (Average Inventory)	2.34	2.32	2.09	1.89	1.87
Short Term Liquidity
Current Ratio	3.44	4.04	5.96	7.52	7.2
Quick Ratio	2.01	2.54	3.48	4.19	4.07
Operating Cash Flow to Current Liabilities	0.29	0.67	0.53	1.07	1.51
Days Sales Outstanding (Average Receivables)	54.54	52.46	51.32	53.56	50.01
Days Outstanding Inventory (Average Inventory)	155.69	157.38	175.35	193.51	195.15
Average Days Payable Outstanding	60.75	59.93	37.92	21.31	18.9
Cash Conversion Cycle (Average Days)	149.48	149.91	188.75	225.76	226.25
Long Term Solvency
Total Debt/Equity	15.24	12.55	7.97	5.63	4.11
Total Debt / Total Capital	13.22	11.15	7.38	5.33	3.95
LT Debt/Equity	12.67	9.13	5.9	4.1	3.4
Long-Term Debt / Total Capital	10.99	8.11	5.47	3.88	3.26
Total Liabilities / Total Assets	27.91	23.9	16.98	13.48	12.93
EBIT / Interest Expense	361.8	934.5	821	980	2.66K
EBITDA / Interest Expense	424.4	1.18K	995.33	1.3K	3.38K
(EBITDA - Capex) / Interest Expense	154.2	1.03K	844.33	1.01K	1.92K
Total Debt / EBITDA	0.88	0.73	0.42	0.36	0.22
Net Debt / EBITDA	-0.79	-1.18	-1.03	-1.21	-1.16
Total Debt / (EBITDA - Capex)	2.43	0.83	0.5	0.47	0.39
Net Debt / (EBITDA - Capex)	-2.18	-1.36	-1.22	-1.57	-2.04
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	20.81	12.39	7.56	-0.85	10.92
Gross Profit, 1 Yr. Growth %	25.91	7.4	14.39	-3.82	16.77
EBITDA, 1 Yr. Growth %	43.38	11.64	26.04	-12.93	29.81
EBITA, 1 Yr. Growth %	48.8	3.32	31.85	-20.46	36.15
EBIT, 1 Yr. Growth %	48.64	3.32	31.78	-20.42	35.97
Earnings From Cont. Operations, 1 Yr. Growth %	30.6	26.4	29.01	-15.98	7.43
Net Income, 1 Yr. Growth %	28.67	28.02	28.38	-16.21	7.78
Normalized Net Income, 1 Yr. Growth %	31.05	25.37	21.12	-14.54	23.93
Diluted EPS Before Extra, 1 Yr. Growth %	28.67	28.02	28.43	-16.21	7.78
Accounts Receivable, 1 Yr. Growth %	10.81	5.69	4.2	3.36	3.76
Inventory, 1 Yr. Growth %	29.29	8.46	19.18	6.64	8.07
Net Property, Plant and Equip., 1 Yr. Growth %	20.21	-1.47	0.94	-0.88	12.01
Total Assets, 1 Yr. Growth %	12.61	5.99	5.42	1.39	9.53
Tangible Book Value, 1 Yr. Growth %	10.97	11.97	15.1	4.57	10.77
Common Equity, 1 Yr. Growth %	10.5	12.23	15.31	5.73	10.39
Cash From Operations, 1 Yr. Growth %	-38.16	122.24	-43.09	62.4	61.33
Capital Expenditures, 1 Yr. Growth %	-52.76	-77.65	50	29.36	148.12
Levered Free Cash Flow, 1 Yr. Growth %	-66.39	-255.42	-85.61	129.25	140.33
Unlevered Free Cash Flow, 1 Yr. Growth %	-66.52	-256.46	-85.43	126.98	139.55
Dividend Per Share, 1 Yr. Growth %	8.6	28.71	53.85	5	4.76
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.54	16.52	9.95	3.27	4.87
Gross Profit, 2 Yr. CAGR %	9.46	16.29	10.84	4.89	5.98
EBITDA, 2 Yr. CAGR %	13.13	26.52	18.62	4.76	6.31
EBITA, 2 Yr. CAGR %	17.83	24	16.72	2.41	4.07
EBIT, 2 Yr. CAGR %	17.78	23.93	16.68	2.41	4.02
Earnings From Cont. Operations, 2 Yr. CAGR %	11.59	28.48	27.7	4.11	-4.99
Net Income, 2 Yr. CAGR %	11.42	28.34	28.2	3.71	-4.97
Normalized Net Income, 2 Yr. CAGR %	10.92	28.18	23.23	1.74	2.91
Diluted EPS Before Extra, 2 Yr. CAGR %	11.42	28.34	28.23	3.73	-4.97
Accounts Receivable, 2 Yr. CAGR %	3.37	8.22	4.94	3.78	3.56
Inventory, 2 Yr. CAGR %	13.42	18.42	13.7	12.74	7.36
Net Property, Plant and Equip., 2 Yr. CAGR %	48.7	8.83	-0.27	0.03	5.37
Total Assets, 2 Yr. CAGR %	14.45	9.25	5.71	3.38	5.38
Tangible Book Value, 2 Yr. CAGR %	9.54	11.47	13.53	9.71	7.62
Common Equity, 2 Yr. CAGR %	9.14	11.37	13.76	10.41	8.03
Cash From Operations, 2 Yr. CAGR %	-6.82	17.23	12.46	-3.86	61.86
Capital Expenditures, 2 Yr. CAGR %	77.25	-67.5	-42.09	39.3	79.16
Levered Free Cash Flow, 2 Yr. CAGR %	50.1	-27.72	-52.71	-42.57	134.72
Unlevered Free Cash Flow, 2 Yr. CAGR %	48.3	-27.62	-52.25	-42.49	133.18
Dividend Per Share, 2 Yr. CAGR %	5.94	18.23	40.72	27.1	4.88
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.33	8.45	13.46	6.23	5.76
Gross Profit, 3 Yr. CAGR %	3.33	8.77	15.65	5.72	8.71
EBITDA, 3 Yr. CAGR %	1.67	12.63	26.36	7.01	12.52
EBITA, 3 Yr. CAGR %	0.65	12.78	26.56	2.71	12.61
EBIT, 3 Yr. CAGR %	0.65	12.75	26.49	2.71	12.55
Earnings From Cont. Operations, 3 Yr. CAGR %	-4.04	16.32	28.66	11.07	5.21
Net Income, 3 Yr. CAGR %	-3.83	16.7	28.36	11.25	5.05
Normalized Net Income, 3 Yr. CAGR %	-2.62	15.54	25.78	9.08	8.66
Diluted EPS Before Extra, 3 Yr. CAGR %	-3.83	16.7	28.37	11.27	5.07
Accounts Receivable, 3 Yr. CAGR %	1.01	4.14	6.86	4.41	3.77
Inventory, 3 Yr. CAGR %	8.62	11.74	18.67	11.29	11.16
Net Property, Plant and Equip., 3 Yr. CAGR %	30.42	29.64	6.14	-0.47	3.87
Total Assets, 3 Yr. CAGR %	9.37	11.56	7.96	4.25	5.39
Tangible Book Value, 3 Yr. CAGR %	8.13	10.35	12.67	10.46	10.06
Common Equity, 3 Yr. CAGR %	8.17	10.16	12.66	11.02	10.41
Cash From Operations, 3 Yr. CAGR %	-15.69	24.5	-7.86	27.12	14.24
Capital Expenditures, 3 Yr. CAGR %	73.65	-11.11	-45.89	-24.3	68.86
Levered Free Cash Flow, 3 Yr. CAGR %	-19.42	51.85	-57.8	-19.97	-7.45
Unlevered Free Cash Flow, 3 Yr. CAGR %	-19.59	50.97	-57.58	-19.71	-7.47
Dividend Per Share, 3 Yr. CAGR %	5.92	13.04	29.08	27.63	19.17
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.77	5.88	5.93	6.35	9.94
Gross Profit, 5 Yr. CAGR %	7.8	5.8	6.27	7.2	11.68
EBITDA, 5 Yr. CAGR %	11.56	6.67	8.14	9.42	17.92
EBITA, 5 Yr. CAGR %	15.98	4.9	6.8	8.51	17.03
EBIT, 5 Yr. CAGR %	15.93	4.89	6.78	8.49	16.97
Earnings From Cont. Operations, 5 Yr. CAGR %	17.72	4.82	7.58	11.28	13.96
Net Income, 5 Yr. CAGR %	16.75	5.15	7.89	11.32	13.81
Normalized Net Income, 5 Yr. CAGR %	14.26	6.39	7	9.81	16.08
Diluted EPS Before Extra, 5 Yr. CAGR %	16.76	5.15	7.9	11.33	13.82
Accounts Receivable, 5 Yr. CAGR %	2.14	1.66	2.56	3.99	5.53
Inventory, 5 Yr. CAGR %	7.97	8.02	10.62	12.14	14.01
Net Property, Plant and Equip., 5 Yr. CAGR %	17.36	17.88	17.15	16.87	5.83
Total Assets, 5 Yr. CAGR %	9.73	8.69	7.89	8.21	6.92
Tangible Book Value, 5 Yr. CAGR %	10.27	9.8	10.26	10.09	10.62
Common Equity, 5 Yr. CAGR %	10.37	9.98	10.37	10.26	10.79
Cash From Operations, 5 Yr. CAGR %	-3.11	7.67	-5.39	12.27	15.43
Capital Expenditures, 5 Yr. CAGR %	45.67	21.73	11.92	6.39	-12.65
Levered Free Cash Flow, 5 Yr. CAGR %	-2.65	-1.63	-34.89	2.92	-16.17
Unlevered Free Cash Flow, 5 Yr. CAGR %	-2.82	-1.63	-34.72	2.62	-16.13
Dividend Per Share, 5 Yr. CAGR %	8.39	11.63	18.66	18.47	18.79