Cash flow Asahi Rubber Inc.

Stocks

5162

JP3117300008

Tires & Rubber Products

Market Closed - Japan Exchange 02:24:45 2026-09-07 EDT			5-day change	1st Jan Change
803.00 ^JPY	+0.50%		-0.12%	+18.09%

11-11	Tranche Update on Asahi Rubber Inc.'s Equity Buyback Plan announced on November 11, 2025.	CI
11-11	Asahi Rubber Inc.'s Equity Buyback announced on November 12, 2025 has closed with 75,200 shares, representing 1.65% for ¥51.89 million.	CI

64b401d0c6.CV6iA8mwjia2bV8tPQtTRbTezOebdkEvrWeoD4zGc94.OifURKLW4E7pKhZnTkQLAcWzm6-uQ3Ab6irwSb3rMpQwAcZcm9bmVOIXPA

Published financial data: ASAHI RUBBER INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Revenues	7.02B	7.2B	7.18B	7.64B	7.85B
Total Revenues	7.02B	7.2B	7.18B	7.64B	7.85B
Cost of Goods Sold, Total	5.33B	5.45B	5.5B	6.04B	6B
Gross Profit	1.69B	1.76B	1.68B	1.6B	1.86B
Selling General & Admin Expenses, Total	1.19B	1.36B	1.36B	1.44B	1.54B
R&D Expenses	209M	211M	159M	160M	115M
Other Operating Expenses, Total	1.4B	1.57B	1.52B	1.6B	1.66B
Operating Income	292M	185M	156M	2M	198M
Interest Expense, Total	-8M	-7M	-7M	-9M	-19M
Interest And Investment Income	5M	6M	6M	8M	11M
Net Interest Expenses	-3M	-1M	-1M	-1M	-8M
Currency Exchange Gains (Loss)	-	-6M	-3M	-8M	-8M
Other Non Operating Income (Expenses)	17M	9M	36M	38M	3M
EBT, Excl. Unusual Items	306M	187M	188M	31M	185M
Gain (Loss) On Sale Of Investments	-	8M	46M	-	-
Gain (Loss) On Sale Of Assets	7M	8M	6M	-1M	3M
Asset Writedown	-18M	-21M	-61M	-309M	-7M
Other Unusual Items	9M	32M	-18M	7M	29M
EBT, Incl. Unusual Items	304M	214M	161M	-272M	210M
Income Tax Expense	66M	11M	28M	-36M	52M
Earnings From Continuing Operations	238M	203M	133M	-236M	158M
Net Income to Company	238M	203M	133M	-236M	158M
Net Income - (IS)	238M	203M	133M	-236M	158M
Net Income to Common Incl Extra Items	238M	203M	133M	-236M	158M
Net Income to Common Excl. Extra Items	238M	203M	133M	-236M	158M
Per Share Items
Net EPS - Basic	52.47	44.75	29.21	-51.73	34.87
Basic EPS - Continuing Operations	52.47	44.75	29.21	-51.73	34.87
Basic Weighted Average Shares Outstanding	4.54M	4.54M	4.55M	4.56M	4.53M
Net EPS - Diluted	52.47	44.75	29.21	-51.73	34.87
Diluted EPS - Continuing Operations	52.47	44.75	29.21	-51.73	34.87
Diluted Weighted Average Shares Outstanding	4.54M	4.54M	4.55M	4.56M	4.53M
Normalized Basic EPS	42.16	25.77	25.8	4.25	25.52
Normalized Diluted EPS	42.16	25.77	25.8	4.25	25.52
Dividend Per Share	20	20	20	20	20
Payout Ratio	37.82	44.83	67.67	-38.56	58.23
Supplemental Items
EBITDA	747M	605M	589M	515M	692M
EBITA	292M	185M	156M	2M	198M
EBIT	292M	185M	156M	2M	198M
Effective Tax Rate - (Ratio)	21.71	5.14	17.39	13.24	24.76
Normalized Net Income	191M	117M	118M	19.38M	116M
Non-Cash Pension Expense	1.85M	1.1M	5.34M	5.24M	2.84M
Supplemental Operating Expense Items
General and Administrative Expenses	130M	130M	110M	116M	116M
Research And Development Expense From Footnotes	209M	211M	159M	160M	115M

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Assets
Cash And Equivalents	2.43B	1.99B	2.28B	1.97B	2.3B
Total Cash And Short Term Investments	2.43B	1.99B	2.28B	1.97B	2.3B
Accounts Receivable, Total	1.77B	1.87B	1.96B	1.93B	1.62B
Total Receivables	1.77B	1.87B	1.96B	1.93B	1.62B
Inventory	1.12B	1.15B	1.11B	1.04B	1.27B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	59M	65M	72M	133M	108M
Total Current Assets	5.38B	5.07B	5.42B	5.07B	5.3B
Net Property Plant And Equipment	3.43B	3.35B	3.3B	3.49B	3.71B
Long-term Investments	519M	569M	321M	337M	377M
Other Intangibles, Total	75M	63M	57M	41M	29M
Deferred Tax Assets Long-Term	313M	328M	316M	358M	307M
Deferred Charges Long-Term	-	-	-	1M	1M
Other Long-Term Assets, Total	2M	1M	2M	3M	2M
Total Assets	9.72B	9.39B	9.41B	9.3B	9.73B
Liabilities
Accounts Payable, Total	1.04B	892M	896M	787M	621M
Short-term Borrowings	-	-	300M	800M	600M
Current Portion of Long-Term Debt	955M	790M	703M	500M	549M
Current Portion of Leases	3M	1M	1M	6M	12M
Current Income Taxes Payable	47M	21M	17M	17M	37M
Other Current Liabilities	478M	663M	694M	730M	798M
Total Current Liabilities	2.53B	2.37B	2.61B	2.84B	2.62B
Long-Term Debt	1.47B	1.11B	751M	587M	1.11B
Long-Term Leases	1M	-	3M	23M	38M
Pension & Other Post Retirement Benefits	971M	978M	988M	945M	917M
Other Non Current Liabilities	76M	42M	20M	24M	28M
Total Liabilities	5.04B	4.5B	4.37B	4.42B	4.71B
Common Stock, Total	516M	516M	516M	516M	516M
Additional Paid In Capital	465M	465M	462M	462M	465M
Retained Earnings	3.59B	3.7B	3.74B	3.42B	3.48B
Treasury Stock	-54M	-54M	-35M	-33M	-89M
Comprehensive Income and Other	157M	259M	353M	518M	648M
Total Common Equity	4.68B	4.89B	5.04B	4.88B	5.02B
Total Equity	4.68B	4.89B	5.04B	4.88B	5.02B
Total Liabilities And Equity	9.72B	9.39B	9.41B	9.3B	9.73B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.54M	4.54M	4.56M	4.56M	4.49M
ECS Total Common Shares Outstanding	4.54M	4.54M	4.56M	4.56M	4.49M
Book Value / Share	1.03K	1.08K	1.11K	1.07K	1.12K
Tangible Book Value	4.6B	4.83B	4.98B	4.84B	5B
Tangible Book Value Per Share	1.01K	1.06K	1.09K	1.06K	1.11K
Total Debt	2.43B	1.9B	1.76B	1.92B	2.31B
Net Debt	3M	-86M	-524M	-52M	3M
Debt Equivalent of Unfunded Proj. Benefit Obligation	971M	978M	988M	945M	917M
Inventories - Raw Materials, Total	234M	253M	234M	211M	251M
Inventories - Work In Process, Total	398M	360M	413M	416M	401M
Inventories - Finished Goods, Total	492M	536M	458M	412M	620M
Inventories - Others	1M	2M	1M	1M	1M
Full Time Employees	508	486	484	506	538
Accumulated Allowance for Doubtful Accounts (Supple)	1M	1M	1M	1M	1M
Order Backlog	1.05B	1.02B	1.04B	971M	1.44B

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Net Income	304M	214M	162M	-272M	211M
Depreciation & Amortization - CF	455M	420M	433M	513M	494M
Depreciation & Amortization, Total	455M	420M	433M	513M	494M
(Gain) Loss From Sale Of Asset	17M	20M	61M	310M	7M
(Gain) Loss on Sale of Investments - (CF)	-	-8M	-46M	-	-
Other Operating Activities, Total	-13M	-31M	9M	-17M	-22M
Change In Accounts Receivable	151M	-93M	-72M	50M	320M
Change In Inventories	-277M	-11M	55M	84M	-224M
Change In Accounts Payable	-199M	-160M	-9M	-110M	-55M
Change in Other Net Operating Assets	-3M	81M	48M	-76M	104M
Cash from Operations	435M	432M	641M	482M	835M
Capital Expenditure	-181M	-288M	-437M	-927M	-743M
Sale of Property, Plant, and Equipment	-	1M	3M	43M	-
Divestitures	-	8M	-	-	-
Sale (Purchase) of Intangible assets	-1M	-	-12M	-3M	-2M
Investment in Marketable and Equity Securities, Total	-26M	373M	474M	143M	58M
Other Investing Activities, Total	-6M	-7M	43M	-2M	13M
Cash from Investing	-214M	87M	71M	-746M	-674M
Short Term Debt Issued, Total	-	-	1.5B	2.1B	-
Long-Term Debt Issued, Total	500M	500M	400M	400M	1.2B
Total Debt Issued	500M	500M	1.9B	2.5B	1.2B
Short Term Debt Repaid, Total	-	-	-1.2B	-1.6B	-200M
Long-Term Debt Repaid, Total	-1.16B	-1.02B	-847M	-766M	-631M
Total Debt Repaid	-1.16B	-1.02B	-2.05B	-2.37B	-831M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-51M
Common Dividends Paid	-90M	-91M	-90M	-91M	-92M
Common & Preferred Stock Dividends Paid	-90M	-91M	-90M	-91M	-92M
Other Financing Activities, Total	-7M	-4M	-2M	-6M	-11M
Cash from Financing	-761M	-619M	-239M	37M	215M
Foreign Exchange Rate Adjustments	39M	33M	22M	45M	8M
Miscellaneous Cash Flow Adjustments	1M	2M	-	1M	2M
Net Change in Cash	-500M	-65M	495M	-181M	386M
Supplemental Items
Cash Interest Paid	8M	7M	7M	9M	19M
Cash Income Tax Paid (Refund)	49M	65M	36M	51M	22M
Levered Free Cash Flow	78.5M	116M	57.12M	-463M	-113M
Unlevered Free Cash Flow	83.5M	121M	61.5M	-458M	-101M
Change In Net Working Capital	372M	127M	20M	42M	-26M
Net Debt Issued / Repaid	-664M	-524M	-147M	134M	369M

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Profitability
Return on Assets	1.82	1.21	1.04	0.01	1.3
Return on Total Capital	2.49	1.66	1.43	0.02	1.75
Return On Equity %	5.23	4.24	2.68	-4.76	3.19
Return on Common Equity	5.23	4.24	2.68	-4.76	3.19
Margin Analysis
Gross Profit Margin %	24.09	24.4	23.37	21	23.62
SG&A Margin	16.96	18.9	18.98	18.88	19.64
EBITDA Margin %	10.63	8.4	8.2	6.74	8.81
EBITA Margin %	4.16	2.57	2.17	0.03	2.52
EBIT Margin %	4.16	2.57	2.17	0.03	2.52
Income From Continuing Operations Margin %	3.39	2.82	1.85	-3.09	2.01
Net Income Margin %	3.39	2.82	1.85	-3.09	2.01
Net Avail. For Common Margin %	3.39	2.82	1.85	-3.09	2.01
Normalized Net Income Margin	2.72	1.62	1.64	0.25	1.47
Levered Free Cash Flow Margin	1.12	1.61	0.8	-6.07	-1.44
Unlevered Free Cash Flow Margin	1.19	1.67	0.86	-5.99	-1.29
Asset Turnover
Asset Turnover	0.7	0.75	0.76	0.82	0.83
Fixed Assets Turnover	1.97	2.12	2.16	2.25	2.18
Receivables Turnover (Average Receivables)	3.84	3.96	3.75	3.93	4.42
Inventory Turnover (Average Inventory)	5.48	4.79	4.88	5.62	5.19
Short Term Liquidity
Current Ratio	2.13	2.14	2.08	1.79	2.03
Quick Ratio	1.66	1.63	1.62	1.37	1.5
Operating Cash Flow to Current Liabilities	0.17	0.18	0.25	0.17	0.32
Days Sales Outstanding (Average Receivables)	95.02	92.07	97.54	92.93	82.56
Days Outstanding Inventory (Average Inventory)	66.61	76.26	75.07	64.9	70.39
Average Days Payable Outstanding	73.25	64.52	59.96	51.46	41.25
Cash Conversion Cycle (Average Days)	88.38	103.81	112.65	106.37	111.7
Long Term Solvency
Total Debt/Equity	51.98	38.9	34.87	39.26	45.9
Total Debt / Total Capital	34.2	28.01	25.86	28.19	31.46
LT Debt/Equity	31.49	22.72	14.96	12.5	22.79
Long-Term Debt / Total Capital	20.72	16.36	11.09	8.98	15.62
Total Liabilities / Total Assets	51.9	47.92	46.45	47.52	48.37
EBIT / Interest Expense	36.5	26.43	22.29	0.22	10.42
EBITDA / Interest Expense	93.38	86.43	84.14	57.22	36.42
(EBITDA - Capex) / Interest Expense	70.75	45.29	21.71	-45.78	-2.68
Total Debt / EBITDA	3.25	3.14	2.98	3.72	3.33
Net Debt / EBITDA	0	-0.14	-0.89	-0.1	0
Total Debt / (EBITDA - Capex)	4.29	6	11.57	-4.65	-45.22
Net Debt / (EBITDA - Capex)	0.01	-0.27	-3.45	0.13	-0.06
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	8.28	2.58	-0.35	6.39	2.79
Gross Profit, 1 Yr. Growth %	34.93	3.9	-4.55	-4.41	15.65
EBITDA, 1 Yr. Growth %	80.43	-19.01	-2.64	-12.56	34.37
EBITA, 1 Yr. Growth %	-413.98	-36.64	-15.68	-98.72	9.8K
EBIT, 1 Yr. Growth %	-413.98	-36.64	-15.68	-98.72	9.8K
Earnings From Cont. Operations, 1 Yr. Growth %	110.62	-14.71	-34.48	-277.44	-166.95
Net Income, 1 Yr. Growth %	110.62	-14.71	-34.48	-277.44	-166.95
Normalized Net Income, 1 Yr. Growth %	1.81K	-38.89	0.53	-83.51	496.77
Diluted EPS Before Extra, 1 Yr. Growth %	110.85	-14.71	-34.74	-277.13	-167.41
Accounts Receivable, 1 Yr. Growth %	-6.61	5.83	4.76	-1.33	-16.15
Inventory, 1 Yr. Growth %	37.03	2.31	-3.91	-5.97	22.4
Net Property, Plant and Equip., 1 Yr. Growth %	-7.36	-2.36	-1.58	5.64	6.45
Total Assets, 1 Yr. Growth %	-6.01	-3.43	0.29	-1.22	4.65
Tangible Book Value, 1 Yr. Growth %	5.89	4.91	3.27	-2.91	3.22
Common Equity, 1 Yr. Growth %	5.53	4.58	3.11	-3.19	2.95
Cash From Operations, 1 Yr. Growth %	-39.5	-0.69	48.38	-24.8	73.24
Capital Expenditures, 1 Yr. Growth %	-52.49	59.12	51.74	112.13	-19.85
Levered Free Cash Flow, 1 Yr. Growth %	-56.05	48.09	-50.86	-911.16	-75.59
Unlevered Free Cash Flow, 1 Yr. Growth %	-54.83	44.46	-49.02	-844.31	-77.88
Dividend Per Share, 1 Yr. Growth %	100	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-3.15	5.39	1.1	2.97	4.58
Gross Profit, 2 Yr. CAGR %	-1.84	18.4	-0.41	-4.48	5.14
EBITDA, 2 Yr. CAGR %	-7.66	20.89	-11.2	-7.74	8.39
EBITA, 2 Yr. CAGR %	-5.36	41.04	-26.91	-89.6	12.66
EBIT, 2 Yr. CAGR %	-5.36	41.04	-26.91	-89.6	12.66
Earnings From Cont. Operations, 2 Yr. CAGR %	37.44	34.03	-25.25	7.82	8.99
Net Income, 2 Yr. CAGR %	37.44	34.03	-25.25	7.82	8.99
Normalized Net Income, 2 Yr. CAGR %	-4.85	241.87	-21.62	-59.28	-0.8
Diluted EPS Before Extra, 2 Yr. CAGR %	37.5	34.11	-25.39	7.51	9.27
Accounts Receivable, 2 Yr. CAGR %	-5.15	-0.58	5.3	1.67	-9.04
Inventory, 2 Yr. CAGR %	6.33	18.4	-0.85	-4.94	7.28
Net Property, Plant and Equip., 2 Yr. CAGR %	-6.8	-4.89	-1.97	1.96	6.04
Total Assets, 2 Yr. CAGR %	-3.3	-4.72	-1.59	-0.47	1.67
Tangible Book Value, 2 Yr. CAGR %	2.76	5.4	4.09	0.13	0.11
Common Equity, 2 Yr. CAGR %	2.44	5.05	3.84	-0.09	-0.17
Cash From Operations, 2 Yr. CAGR %	-29.33	-22.49	21.39	5.63	14.13
Capital Expenditures, 2 Yr. CAGR %	-51.7	-13.06	55.38	79.41	30.39
Levered Free Cash Flow, 2 Yr. CAGR %	-39.33	-19.33	-14.69	99.65	40.72
Unlevered Free Cash Flow, 2 Yr. CAGR %	-36.68	-19.22	-14.18	94.8	28.31
Dividend Per Share, 2 Yr. CAGR %	0	41.42	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-3.04	-1.28	3.44	2.84	2.91
Gross Profit, 3 Yr. CAGR %	-3.91	0.04	10.2	-1.76	1.81
EBITDA, 3 Yr. CAGR %	-8.68	-11.61	12.47	-11.66	4.58
EBITA, 3 Yr. CAGR %	-15.5	-17.21	18.82	-81.01	2.29
EBIT, 3 Yr. CAGR %	-15.5	-17.21	18.82	-81.01	2.29
Earnings From Cont. Operations, 3 Yr. CAGR %	-12.23	17.23	5.58	-0.28	-8.01
Net Income, 3 Yr. CAGR %	-12.23	17.23	5.58	-0.28	-8.01
Normalized Net Income, 3 Yr. CAGR %	-14.87	-17.91	127.34	-53.38	-0.36
Diluted EPS Before Extra, 3 Yr. CAGR %	-12.34	17.27	5.48	-0.47	-7.98
Accounts Receivable, 3 Yr. CAGR %	-3.68	-1.62	1.17	3.04	-4.65
Inventory, 3 Yr. CAGR %	10.58	4.97	10.44	-2.58	3.42
Net Property, Plant and Equip., 3 Yr. CAGR %	-4.53	-5.34	-3.8	0.5	3.44
Total Assets, 3 Yr. CAGR %	-2.38	-3.34	-3.08	-1.47	1.21
Tangible Book Value, 3 Yr. CAGR %	1.73	3.47	4.69	1.7	1.15
Common Equity, 3 Yr. CAGR %	1.51	3.15	4.4	1.44	0.91
Cash From Operations, 3 Yr. CAGR %	-6.95	-20.84	-3.76	3.48	24.57
Capital Expenditures, 3 Yr. CAGR %	-40.26	-28.14	4.68	72.37	37.15
Levered Free Cash Flow, 3 Yr. CAGR %	-41.15	-18.31	-31.61	80.73	-0.9
Unlevered Free Cash Flow, 3 Yr. CAGR %	-39.63	-16.64	-30.71	76.32	-5.67
Dividend Per Share, 3 Yr. CAGR %	0	0	25.99	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.53	-0.89	-1.4	0.4	3.89
Gross Profit, 5 Yr. CAGR %	-0.5	-1.96	-2.53	-1.79	8.15
EBITDA, 5 Yr. CAGR %	-3.53	-9.16	-9.7	-10.08	10.82
EBITA, 5 Yr. CAGR %	-9.31	-19.9	-20.26	-63.9	16.32
EBIT, 5 Yr. CAGR %	-9.31	-19.9	-20.26	-63.9	16.32
Earnings From Cont. Operations, 5 Yr. CAGR %	-6.94	-15.06	-17.69	13.37	6.93
Net Income, 5 Yr. CAGR %	-6.94	-15.06	-17.69	13.37	6.93
Normalized Net Income, 5 Yr. CAGR %	-8.8	-20.23	-17.64	-37.99	63.16
Diluted EPS Before Extra, 5 Yr. CAGR %	-7.15	-15.17	-17.82	13.26	6.98
Accounts Receivable, 5 Yr. CAGR %	-1.02	-1.29	-0.18	-0.32	-3.05
Inventory, 5 Yr. CAGR %	13.02	7.9	5.86	0.89	9.17
Net Property, Plant and Equip., 5 Yr. CAGR %	-0.1	-1.42	-3.51	-2.48	0.02
Total Assets, 5 Yr. CAGR %	-0.39	-2.23	-2.06	-2.2	-1.21
Tangible Book Value, 5 Yr. CAGR %	3.72	2.67	2.67	2.13	2.83
Common Equity, 5 Yr. CAGR %	3.86	2.49	2.43	1.84	2.55
Cash From Operations, 5 Yr. CAGR %	-23.09	-17.44	3.49	-11.16	3.04
Capital Expenditures, 5 Yr. CAGR %	-33.39	-12.45	-12.44	3.62	14.29
Levered Free Cash Flow, 5 Yr. CAGR %	-35.89	-18.69	-31.73	16.79	-8.73
Unlevered Free Cash Flow, 5 Yr. CAGR %	-34.92	-18.46	-30.51	17.06	-11.34
Dividend Per Share, 5 Yr. CAGR %	4.56	0	0	0	14.87