Income Statement Adways Inc.

Stocks

2489

JP3121970002

Advertising & Marketing

Delayed Japan Exchange 02:30:00 2026-08-19 EDT			5-day change	1st Jan Change
368.00 ^JPY	-0.27%		+5.14%	+39.39%

05-18	Ureru Net Advertising Group Co.,Ltd. announced that it has received ¥208.822 million in funding from Adways Inc.	CI
04-29	Ureru Net Advertising Group Co.,Ltd. announced that it expects to receive ¥208.822 million in funding from Adways Inc.	CI

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Published financial data: ADWAYS INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	25.26B	13.42B	13.52B	12.68B	12.22B
Total Revenues	25.26B	13.42B	13.52B	12.68B	12.22B
Cost of Goods Sold, Total	14.72B	2.61B	2.57B	2.33B	2.12B
Gross Profit	10.54B	10.81B	10.95B	10.35B	10.1B
Selling General & Admin Expenses, Total	8.63B	9.13B	9.96B	10.18B	9.79B
Provision for Bad Debts	68M	490M	69M	6M	7M
Depreciation & Amortization - (IS)	-	-	-	7M	-
Other Operating Expenses, Total	8.7B	9.62B	10.03B	10.19B	9.8B
Operating Income	1.84B	1.18B	922M	159M	297M
Interest Expense, Total	-30M	-	-	-	-
Interest And Investment Income	209M	98M	152M	95M	87M
Net Interest Expenses	179M	98M	152M	95M	87M
Income (Loss) On Equity Invest.	171M	169M	196M	195M	205M
Currency Exchange Gains (Loss)	43M	34M	4M	-	-1M
Other Non Operating Income (Expenses)	27M	21M	39M	54M	17M
EBT, Excl. Unusual Items	2.26B	1.5B	1.31B	503M	605M
Gain (Loss) On Sale Of Investments	139M	2.74B	367M	216M	122M
Gain (Loss) On Sale Of Assets	13M	-17M	-	3M	-
Asset Writedown	-2M	-9M	-48M	-493M	-77M
Legal Settlements	-68M	-	-59M	-	-
Other Unusual Items	-51M	-46M	14M	-96M	-24M
EBT, Incl. Unusual Items	2.29B	4.17B	1.59B	133M	626M
Income Tax Expense	641M	1.58B	664M	572M	337M
Earnings From Continuing Operations	1.65B	2.59B	923M	-439M	289M
Net Income to Company	1.65B	2.59B	923M	-439M	289M
Minority Interest	-108M	-57M	43M	-34M	-37M
Net Income - (IS)	1.54B	2.54B	966M	-473M	252M
Net Income to Common Incl Extra Items	1.54B	2.54B	966M	-473M	252M
Net Income to Common Excl. Extra Items	1.54B	2.54B	966M	-473M	252M
Per Share Items
Net EPS - Basic	39.42	63.46	25.07	-12.1	6.45
Basic EPS - Continuing Operations	39.42	63.46	25.07	-12.1	6.45
Basic Weighted Average Shares Outstanding	39.17M	39.96M	38.53M	39.08M	39.08M
Net EPS - Diluted	39.36	63.43	25.07	-12.1	6.45
Diluted EPS - Continuing Operations	39.36	63.43	25.07	-12.1	6.45
Diluted Weighted Average Shares Outstanding	39.22M	40M	38.54M	39.08M	39.08M
Normalized Basic EPS	33.34	22.11	22.41	7.17	8.73
Normalized Diluted EPS	33.29	22.09	22.41	7.17	8.73
Dividend Per Share	12.59	14.1	5.77	3	6.42
Payout Ratio	27.81	8.56	57.66	-47.99	46.83
Supplemental Items
EBITDA	2.05B	1.43B	1.15B	394M	448M
EBITA	1.85B	1.2B	929M	168M	316M
EBIT	1.84B	1.18B	922M	159M	297M
Effective Tax Rate - (Ratio)	27.95	37.88	41.84	430.08	53.83
Normalized Net Income	1.31B	884M	864M	280M	341M
Non-Cash Pension Expense	28M	53.48M	64.4M	69.53M	73.08M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	133M	56M	92M	43M	79M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	9.92B	12.86B	10.19B	10.04B	9.92B
Short Term Investments	2.84B	5M	5M	5M	-
Total Cash And Short Term Investments	12.76B	12.87B	10.19B	10.04B	9.92B
Accounts Receivable, Total	7.94B	9.11B	8.45B	7.68B	7.36B
Total Receivables	7.94B	9.11B	8.45B	7.68B	7.36B
Inventory	58M	29M	57M	1M	3M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	1B	881M	1.24B	663M	825M
Total Current Assets	21.76B	22.89B	19.94B	18.38B	18.11B
Net Property Plant And Equipment	316M	618M	1.2B	1.15B	1.14B
Long-term Investments	2.81B	4.01B	3.54B	3.25B	2.74B
Goodwill	77M	51M	-	54M	54M
Other Intangibles, Total	305M	205M	132M	12M	167M
Loans Receivable Long-Term	-	-	415M	32M	85M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	2M	2M	1M	1M	2M
Total Assets	25.27B	27.78B	25.23B	22.88B	22.3B
Liabilities
Accounts Payable, Total	7.94B	7.87B	7.81B	6.56B	6.06B
Accrued Expenses, Total	214M	6M	55M	-	-
Current Income Taxes Payable	247M	1.29B	522M	317M	276M
Other Current Liabilities	1.77B	1.98B	1.96B	1.75B	1.74B
Total Current Liabilities	10.17B	11.15B	10.34B	8.63B	8.07B
Pension & Other Post Retirement Benefits	-	13M	16M	21M	21M
Deferred Tax Liability Non Current	40M	241M	62M	171M	67M
Other Non Current Liabilities	127M	57M	208M	176M	179M
Total Liabilities	10.34B	11.46B	10.63B	9B	8.34B
Common Stock, Total	1.72B	1.72B	1.72B	1.72B	1.72B
Additional Paid In Capital	6.95B	6.95B	5.36B	5.37B	5.37B
Retained Earnings	5.37B	7.68B	8.09B	7.39B	7.54B
Treasury Stock	-167M	-1.81B	-2.09B	-2.09B	-2.09B
Comprehensive Income and Other	796M	1.49B	1.28B	1.23B	1.12B
Total Common Equity	14.66B	16.02B	14.35B	13.61B	13.65B
Minority Interest	278M	295M	245M	271M	302M
Total Equity	14.94B	16.32B	14.6B	13.88B	13.96B
Total Liabilities And Equity	25.27B	27.78B	25.23B	22.88B	22.3B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	40.56M	38.92M	39.08M	39.08M	39.08M
ECS Total Common Shares Outstanding	41.81M	39.61M	39.08M	39.08M	39.08M
Book Value / Share	350.59	404.58	367.28	348.29	349.37
Tangible Book Value	14.28B	15.77B	14.22B	13.55B	13.43B
Tangible Book Value Per Share	341.46	398.12	363.9	346.6	343.71
Total Debt	0	0	0	0	0
Net Debt	-12.76B	-12.87B	-10.19B	-10.04B	-9.92B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	26.38M	32.99M	42.89M	42.1M
Minority Interest, Total (Incl. Fin. Div)	278M	295M	245M	271M	302M
Inventories - Raw Materials, Total	14M	-	1M	1M	-
Inventories - Work In Process, Total	10M	-	-	-	-
Inventories - Finished Goods, Total	33M	28M	56M	-	2M
Inventories - Others	1M	1M	-	-	1M
Full Time Employees	919	1K	1.02K	1.04K	941
Accumulated Allowance for Doubtful Accounts (Supple)	74M	89M	50M	27M	19M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	2.15B	4.18B	1.59B	134M	627M
Depreciation & Amortization - CF	200M	227M	221M	226M	132M
Amortization of Goodwill and Intangible Assets - (CF)	10.67M	18M	7M	9M	19M
Depreciation & Amortization, Total	211M	245M	228M	235M	151M
(Gain) Loss From Sale Of Asset	2.67M	27M	49M	490M	76M
(Gain) Loss on Sale of Investments - (CF)	80M	-2.74B	-367M	-216M	-117M
(Income) Loss On Equity Investments - (CF)	-171M	-169M	-196M	-195M	-205M
Other Operating Activities, Total	-1.03B	-466M	-1.74B	-228M	-301M
Change In Accounts Receivable	2.41B	-1.04B	889M	900M	351M
Change In Accounts Payable	-2.52B	443M	218M	-1.1B	-401M
Change in Other Net Operating Assets	109M	-89M	-79M	163M	-260M
Cash from Operations	1.23B	385M	592M	185M	-79M
Capital Expenditure	-160M	-408M	-649M	-556M	-343M
Cash Acquisitions	-299M	-	-	-96M	-
Divestitures	237M	-	-	-31M	195M
Sale (Purchase) of Intangible assets	-38.67M	-21M	-6M	-	-131M
Investment in Marketable and Equity Securities, Total	-300M	2.5B	218M	294M	157M
Net (Increase) Decrease in Loans Originated / Sold - Investing	17.33M	-35M	28M	418M	-46M
Other Investing Activities, Total	253M	-75M	314M	126M	331M
Cash from Investing	-289M	1.96B	-95M	155M	163M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	13M	-	-
Total Debt Issued	-	-	13M	-	-
Short Term Debt Repaid, Total	-	-2M	-	-1M	-
Long-Term Debt Repaid, Total	-	-	-5M	-2M	-
Total Debt Repaid	-	-2M	-5M	-3M	-
Issuance of Common Stock	4.24B	-	1M	-	-
Repurchase of Common Stock	-223M	-1.64B	-2B	-	-
Common Dividends Paid	-429M	-217M	-557M	-227M	-118M
Common & Preferred Stock Dividends Paid	-429M	-217M	-557M	-227M	-118M
Other Financing Activities, Total	-30.67M	-47M	-309M	-6M	-16M
Cash from Financing	3.56B	-1.91B	-2.86B	-236M	-134M
Foreign Exchange Rate Adjustments	-749M	-378M	-312M	-258M	-64M
Miscellaneous Cash Flow Adjustments	-1.33M	56M	-1M	1M	-2M
Net Change in Cash	3.75B	110M	-2.68B	-153M	-116M
Supplemental Items
Cash Income Tax Paid (Refund)	1.04B	511M	1.79B	317M	381M
Levered Free Cash Flow	3.18B	516M	-384M	-523M	-547M
Unlevered Free Cash Flow	3.18B	516M	-384M	-523M	-547M
Change In Net Working Capital	-2.18B	39M	533M	301M	410M
Net Debt Issued / Repaid	-	-2M	8M	-3M	-

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.76	2.79	2.17	0.41	0.82
Return on Total Capital	8.59	4.73	3.73	0.7	1.33
Return On Equity %	12.42	16.59	5.97	-3.08	2.08
Return on Common Equity	12.19	16.53	6.36	-3.38	1.85
Margin Analysis
Gross Profit Margin %	41.71	80.55	80.97	81.6	82.63
SG&A Margin	34.15	68.08	73.65	80.24	80.15
EBITDA Margin %	8.13	10.64	8.5	3.11	3.67
EBITA Margin %	7.33	8.95	6.87	1.32	2.59
EBIT Margin %	7.29	8.82	6.82	1.25	2.43
Income From Continuing Operations Margin %	6.54	19.33	6.82	-3.46	2.37
Net Income Margin %	6.11	18.9	7.14	-3.73	2.06
Net Avail. For Common Margin %	6.11	18.9	7.14	-3.73	2.06
Normalized Net Income Margin	5.17	6.59	6.39	2.21	2.79
Levered Free Cash Flow Margin	6.49	3.85	-2.84	-4.12	-4.48
Unlevered Free Cash Flow Margin	6.49	3.85	-2.84	-4.12	-4.48
Asset Turnover
Asset Turnover	2.29	0.51	0.51	0.53	0.54
Fixed Assets Turnover	255.98	28.73	14.88	10.78	10.66
Receivables Turnover (Average Receivables)	6.47	1.57	1.54	1.57	1.63
Inventory Turnover (Average Inventory)	2.88K	59.98	59.84	80.48	1.06K
Short Term Liquidity
Current Ratio	2.14	2.05	1.93	2.13	2.24
Quick Ratio	2.04	1.97	1.8	2.05	2.14
Operating Cash Flow to Current Liabilities	0.12	0.03	0.06	0.02	-0.01
Days Sales Outstanding (Average Receivables)	56.4	232.06	236.99	232.63	224.56
Days Outstanding Inventory (Average Inventory)	0.13	6.09	6.1	4.55	0.34
Average Days Payable Outstanding	67.76	1.12K	1.1K	1.15K	1.08K
Cash Conversion Cycle (Average Days)	-11.23	-880.34	-856.89	-917.14	-859.27
Long Term Solvency
Total Liabilities / Total Assets	40.9	41.26	42.13	39.33	37.4
EBIT / Interest Expense	61.4	-	-	-	-
EBITDA / Interest Expense	68.42	-	-	-	-
(EBITDA - Capex) / Interest Expense	63.09	-	-	-	-
Net Debt / EBITDA	-6.22	-9.01	-8.86	-25.48	-22.15
Net Debt / (EBITDA - Capex)	-6.74	-12.62	-20.35	61.98	-94.51
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	31.41	-46.9	0.81	-6.21	-3.67
Gross Profit, 1 Yr. Growth %	34.79	2.54	1.34	-5.49	-2.44
EBITDA, 1 Yr. Growth %	393.09	-30.43	-19.47	-65.74	13.71
EBITA, 1 Yr. Growth %	674.88	-35.17	-22.65	-81.92	88.1
EBIT, 1 Yr. Growth %	701.48	-35.78	-22.06	-82.75	86.79
Earnings From Cont. Operations, 1 Yr. Growth %	730.51	56.96	-64.4	-147.56	-165.83
Net Income, 1 Yr. Growth %	767.07	64.25	-61.91	-148.96	-153.28
Normalized Net Income, 1 Yr. Growth %	364.49	-32.33	-2.26	-67.54	21.67
Diluted EPS Before Extra, 1 Yr. Growth %	732.33	61.16	-60.48	-148.28	-153.28
Accounts Receivable, 1 Yr. Growth %	62.16	14.7	-7.29	-9.16	-4.1
Inventory, 1 Yr. Growth %	-13.33	-50	96.55	-98.25	200
Net Property, Plant and Equip., 1 Yr. Growth %	-37.02	95.57	94.17	-3.83	-1.3
Total Assets, 1 Yr. Growth %	25.08	9.92	-9.2	-9.29	-2.57
Tangible Book Value, 1 Yr. Growth %	-11.08	10.46	-9.81	-4.75	-0.83
Common Equity, 1 Yr. Growth %	-10.33	9.33	-10.43	-5.17	0.31
Cash From Operations, 1 Yr. Growth %	-420.94	-68.75	53.77	-68.75	-142.7
Capital Expenditures, 1 Yr. Growth %	-61.73	155	59.07	-14.33	-38.31
Levered Free Cash Flow, 1 Yr. Growth %	-338.07	-	-174.32	36.19	4.74
Unlevered Free Cash Flow, 1 Yr. Growth %	-338.07	-	-174.32	36.19	4.74
Dividend Per Share, 1 Yr. Growth %	196.8	11.99	-59.08	-48.01	114
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.22	-	-26.83	-2.76	-4.95
Gross Profit, 2 Yr. CAGR %	10.15	-	1.94	-2.13	-3.98
EBITDA, 2 Yr. CAGR %	33.2	-	-25.15	-47.47	-37.58
EBITA, 2 Yr. CAGR %	38.12	-	-29.19	-62.6	-41.68
EBIT, 2 Yr. CAGR %	39.26	-	-29.25	-63.34	-43.24
Earnings From Cont. Operations, 2 Yr. CAGR %	40.28	-	-25.25	-58.85	-44.04
Net Income, 2 Yr. CAGR %	38.81	-	-20.9	-56.81	-48.92
Normalized Net Income, 2 Yr. CAGR %	41.98	-	-18.67	-43.67	-37.15
Diluted EPS Before Extra, 2 Yr. CAGR %	34.48	-	-20.19	-56.32	-49.28
Accounts Receivable, 2 Yr. CAGR %	42.57	-	3.12	-8.23	-6.67
Inventory, 2 Yr. CAGR %	61.25	-	-0.87	-81.43	-77.06
Net Property, Plant and Equip., 2 Yr. CAGR %	-23.36	-	94.87	36.65	-2.57
Total Assets, 2 Yr. CAGR %	15.44	-	-0.09	-9.24	-5.99
Tangible Book Value, 2 Yr. CAGR %	-1.88	-	-0.19	-7.32	-2.81
Common Equity, 2 Yr. CAGR %	-1.55	-	-1.04	-7.84	-2.47
Cash From Operations, 2 Yr. CAGR %	89.98	-	-30.68	-30.68	-63.47
Capital Expenditures, 2 Yr. CAGR %	-31.47	-	101.4	16.74	-27.3
Levered Free Cash Flow, 2 Yr. CAGR %	98	-	-	0.6	19.43
Unlevered Free Cash Flow, 2 Yr. CAGR %	98	-	-	0.6	19.43
Dividend Per Share, 2 Yr. CAGR %	46.87	-	-32.3	-53.87	5.48
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.71	-	-	-20.52	-3.06
Gross Profit, 3 Yr. CAGR %	6.91	-	-	-0.6	-2.24
EBITDA, 3 Yr. CAGR %	60.96	-	-	-42.32	-32.05
EBITA, 3 Yr. CAGR %	78.81	-	-	-55.07	-35.92
EBIT, 3 Yr. CAGR %	87.2	-	-	-55.81	-36.92
Earnings From Cont. Operations, 3 Yr. CAGR %	371.77	-	-	-35.71	-51.88
Net Income, 3 Yr. CAGR %	440.61	-	-	-32.59	-53.68
Normalized Net Income, 3 Yr. CAGR %	67.75	-	-	-40.12	-27.19
Diluted EPS Before Extra, 3 Yr. CAGR %	429.28	-	-	-32.5	-53.33
Accounts Receivable, 3 Yr. CAGR %	21.32	-	-	-1.15	-6.87
Inventory, 3 Yr. CAGR %	48.12	-	-	-74.17	-53.06
Net Property, Plant and Equip., 3 Yr. CAGR %	-20.9	-	-	53.99	22.61
Total Assets, 3 Yr. CAGR %	9.84	-	-	-3.26	-7.07
Tangible Book Value, 3 Yr. CAGR %	0.38	-	-	-1.73	-5.2
Common Equity, 3 Yr. CAGR %	0.42	-	-	-2.44	-5.2
Cash From Operations, 3 Yr. CAGR %	46.15	-	-	-46.85	-41.02
Capital Expenditures, 3 Yr. CAGR %	-39.21	-	-	51.47	-5.62
Levered Free Cash Flow, 3 Yr. CAGR %	86.04	-	-	-	1.96
Unlevered Free Cash Flow, 3 Yr. CAGR %	86.04	-	-	-	1.96
Dividend Per Share, 3 Yr. CAGR %	46.71	-	-	-38	-23.07
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.35	-	-	-	-
Gross Profit, 5 Yr. CAGR %	4.06	-	-	-	-
EBITDA, 5 Yr. CAGR %	16.13	-	-	-	-
EBITA, 5 Yr. CAGR %	18.29	-	-	-	-
EBIT, 5 Yr. CAGR %	18.82	-	-	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	49.32	-	-	-	-
Net Income, 5 Yr. CAGR %	57.87	-	-	-	-
Normalized Net Income, 5 Yr. CAGR %	21.59	-	-	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	58.02	-	-	-	-
Accounts Receivable, 5 Yr. CAGR %	8.7	-	-	-	-
Inventory, 5 Yr. CAGR %	-22.67	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-15.86	-	-	-	-
Total Assets, 5 Yr. CAGR %	3.55	-	-	-	-
Tangible Book Value, 5 Yr. CAGR %	-2.74	-	-	-	-
Common Equity, 5 Yr. CAGR %	-2.26	-	-	-	-
Cash From Operations, 5 Yr. CAGR %	48.27	-	-	-	-
Capital Expenditures, 5 Yr. CAGR %	-21.35	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	42.66	-	-	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	42.66	-	-	-	-
Dividend Per Share, 5 Yr. CAGR %	25.85	-	-	-	-