Cash flow Disco Corporation

Stocks

6146

JP3548600000

Semiconductor Equipment & Testing

Market Closed - Japan Exchange 02:30:00 2026-09-30 EDT			5-day change	1st Jan Change
57,450.00 ^JPY	+1.36%		+9.60%	+19.27%

09-28	Japan's Nikkei slumps as oil, bond yields weigh on sentiment	RE
07-24	Disco Corp Announces Appointment of Andre Mintz to Board of Directors, Effective July 21, 2026	CI

628147a738f.6qckaP8hIxlZVhvz_MZbtRLlmpXRUIQjB99pfogsucI.idBXG8xOZW4qHlSGrZEtxiqtzMLhHbVZcO5ZCN1PirHb0GcLqUJTdAEhQg

Published financial data: DISCO CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Revenues	254B	284B	308B	393B	437B
Total Revenues	254B	284B	308B	393B	437B
Cost of Goods Sold, Total	99.77B	99.63B	98.91B	116B	130B
Gross Profit	154B	185B	209B	278B	306B
Selling General & Admin Expenses, Total	42.59B	51.67B	59.83B	79.01B	86.69B
Provision for Bad Debts	15M	-6M	18M	30M	639M
R&D Expenses	19.89B	22.43B	27.3B	31.7B	34.16B
Depreciation & Amortization - (IS)	46M	35M	37M	119M	975M
Other Operating Expenses, Total	62.54B	74.13B	87.19B	111B	122B
Operating Income	91.47B	110B	121B	167B	184B
Interest Expense, Total	-	-	-	-	-
Interest And Investment Income	49M	46M	79M	84M	282M
Net Interest Expenses	49M	46M	79M	84M	282M
Income (Loss) On Equity Invest.	461M	192M	141M	267M	135M
Currency Exchange Gains (Loss)	-1.07B	681M	-889M	811M	-1.21B
Other Non Operating Income (Expenses)	1.54B	1.04B	1.61B	1.07B	1.72B
EBT, Excl. Unusual Items	92.45B	112B	122B	169B	185B
Gain (Loss) On Sale Of Investments	-	10M	-	-	-
Gain (Loss) On Sale Of Assets	-74M	565M	-60M	-50M	-128M
Asset Writedown	-	-63M	-7.53B	-	-
Other Unusual Items	-124M	-66M	-228M	-748M	-998M
EBT, Incl. Unusual Items	92.25B	113B	115B	168B	184B
Income Tax Expense	26B	29.87B	30.36B	44.07B	48.21B
Earnings From Continuing Operations	66.25B	82.91B	84.21B	124B	136B
Net Income to Company	66.25B	82.91B	84.21B	124B	136B
Minority Interest	-47M	-22M	-5M	-184M	-81M
Net Income - (IS)	66.21B	82.89B	84.2B	124B	136B
Net Income to Common Incl Extra Items	66.21B	82.89B	84.2B	124B	136B
Net Income to Common Excl. Extra Items	66.21B	82.89B	84.2B	124B	136B
Per Share Items
Net EPS - Basic	611.68	765.47	777.29	1.14K	1.25K
Basic EPS - Continuing Operations	611.68	765.47	777.29	1.14K	1.25K
Basic Weighted Average Shares Outstanding	108M	108M	108M	108M	108M
Net EPS - Diluted	609.55	762.98	774.26	1.14K	1.25K
Diluted EPS - Continuing Operations	609.55	762.98	774.26	1.14K	1.25K
Diluted Weighted Average Shares Outstanding	109M	109M	109M	109M	109M
Normalized Basic EPS	533.39	648.17	706.07	972.68	1.07K
Normalized Diluted EPS	531.55	646.07	703.32	969.1	1.06K
Dividend Per Share	269.33	305.33	307	413	505
Payout Ratio	41.39	38.79	36.95	31.05	33.43
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	100B	121B	132B	179B	199B
EBITA	91.47B	110B	121B	167B	184B
EBIT	91.47B	110B	121B	167B	184B
Effective Tax Rate - (Ratio)	28.18	26.49	26.5	26.21	26.23
Normalized Net Income	57.73B	70.19B	76.49B	105B	116B
Non-Cash Pension Expense	-61M	-59M	-55M	-101M	-52M
Supplemental Operating Expense Items
Advertising Expense	1.48B	2.4B	2.91B	3.1B	2.86B
Selling and Marketing Expenses	1.48B	2.4B	2.91B	3.1B	2.86B
Research And Development Expense From Footnotes	19.89B	22.43B	27.3B	31.7B	34.16B

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Assets
Cash And Equivalents	126B	163B	215B	229B	285B
Total Cash And Short Term Investments	126B	163B	215B	229B	285B
Accounts Receivable, Total	38.59B	41.26B	46.69B	43.04B	56.66B
Total Receivables	38.59B	41.26B	46.69B	43.04B	56.66B
Inventory	68.48B	91.38B	115B	139B	141B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	12.09B	9.42B	9.78B	13.3B	12.01B
Total Current Assets	245B	305B	387B	425B	495B
Net Property Plant And Equipment	144B	148B	147B	204B	223B
Long-term Investments	6.56B	6.57B	7.36B	7.37B	9.12B
Other Intangibles, Total	256M	231M	261M	246M	250M
Deferred Tax Assets Long-Term	8.37B	9.33B	14.04B	17.95B	16.23B
Other Long-Term Assets, Total	2M	2M	2M	1M	1M
Total Assets	405B	469B	556B	654B	743B
Liabilities
Accounts Payable, Total	28.95B	26.6B	36.23B	30.87B	22.94B
Accrued Expenses, Total	23.46B	26.96B	31.06B	41.64B	44.23B
Current Portion of Long-Term Debt	-	-	-	-	-
Current Income Taxes Payable	19.95B	16.5B	19.46B	30.18B	22.52B
Other Current Liabilities	37.5B	49.92B	61.97B	57.71B	64.77B
Total Current Liabilities	110B	120B	149B	160B	154B
Pension & Other Post Retirement Benefits	-	-	-	-	-
Other Non Current Liabilities	879M	783M	785M	994M	828M
Total Liabilities	111B	121B	150B	161B	155B
Common Stock, Total	21.61B	21.68B	21.84B	22.09B	22.36B
Additional Paid In Capital	23.6B	23.67B	23.83B	24.08B	24.35B
Retained Earnings	242B	293B	346B	432B	522B
Treasury Stock	-32M	-32M	-41M	-47M	-48M
Comprehensive Income and Other	5.89B	9.27B	14.45B	14.52B	19.18B
Total Common Equity	294B	348B	406B	492B	588B
Minority Interest	269M	245M	195M	348M	366M
Total Equity	294B	348B	407B	493B	588B
Total Liabilities And Equity	405B	469B	556B	654B	743B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	108M	108M	108M	108M	108M
ECS Total Common Shares Outstanding	108M	108M	108M	108M	108M
Book Value / Share	2.71K	3.21K	3.75K	4.54K	5.42K
Tangible Book Value	293B	348B	406B	492B	588B
Tangible Book Value Per Share	2.71K	3.21K	3.75K	4.54K	5.42K
Total Debt	0	0	0	0	0
Net Debt	-126B	-163B	-215B	-229B	-285B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-983M	-1.03B	-1.11B	-1.13B	-2.26B
Minority Interest, Total (Incl. Fin. Div)	269M	245M	195M	348M	366M
Inventories - Raw Materials, Total	27.72B	43.45B	50.77B	61.28B	59.2B
Inventories - Work In Process, Total	19B	23.41B	35.36B	44.76B	43.11B
Inventories - Finished Goods, Total	21.76B	24.53B	28.86B	32.96B	39.02B
Full Time Employees	4.26K	4.55K	4.89K	5.26K	5.55K
Accumulated Allowance for Doubtful Accounts (Supple)	98M	95M	116M	140M	817M
Order Backlog	117B	125B	-	-	-

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Net Income	92.25B	113B	115B	168B	184B
Depreciation & Amortization - CF	8.55B	10.37B	11.03B	12.2B	14.82B
Depreciation & Amortization, Total	8.55B	10.37B	11.03B	12.2B	14.82B
(Gain) Loss From Sale Of Asset	74M	-502M	7.59B	49M	127M
(Gain) Loss on Sale of Investments - (CF)	-	-10M	-	-	-
(Income) Loss On Equity Investments - (CF)	-461M	-192M	-141M	-267M	-135M
Other Operating Activities, Total	-19.91B	-32.55B	-30.67B	-36.95B	-54.41B
Change In Accounts Receivable	-2.92B	-1.4B	-2.65B	2.87B	-11.01B
Change In Inventories	-9.59B	-21.68B	-22.23B	-24.6B	-207M
Change In Accounts Payable	6.42B	-1.86B	11.07B	-5.61B	-9.14B
Change in Other Net Operating Assets	9.24B	16.82B	8.94B	4.52B	9.69B
Cash from Operations	83.65B	81.78B	97.52B	120B	134B
Capital Expenditure	-43.58B	-14.21B	-16.14B	-66.86B	-35.14B
Sale of Property, Plant, and Equipment	9M	1.12B	24M	22M	27M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-56M	-43M	-111M	-69M	-84M
Investment in Marketable and Equity Securities, Total	-	29M	-	-	-100B
Net (Increase) Decrease in Loans Originated / Sold - Investing	84M	42M	-69M	31M	19M
Other Investing Activities, Total	-52M	-12M	-107M	-1.12B	-588M
Cash from Investing	-43.59B	-13.08B	-16.4B	-68B	-136B
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Issuance of Common Stock	209M	115M	260M	323M	349M
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-27.4B	-32.15B	-31.12B	-38.47B	-45.31B
Common & Preferred Stock Dividends Paid	-27.4B	-32.15B	-31.12B	-38.47B	-45.31B
Other Financing Activities, Total	-1M	-51M	-83M	-6M	-75M
Cash from Financing	-27.19B	-32.09B	-30.94B	-38.15B	-45.04B
Foreign Exchange Rate Adjustments	3.09B	666M	2.25B	-531M	2.67B
Miscellaneous Cash Flow Adjustments	-	-1M	-1M	-1M	1M
Net Change in Cash	15.96B	37.28B	52.43B	13.68B	-44.59B
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	21.18B	33.46B	31.6B	37.74B	55.11B
Levered Free Cash Flow	35.15B	52.33B	70.04B	37.27B	74.01B
Unlevered Free Cash Flow	35.15B	52.33B	70.04B	37.27B	74.01B
Change In Net Working Capital	-13.06B	12.78B	653M	12.2B	20.6B
Net Debt Issued / Repaid	-	-	-	-	-

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Profitability
Return on Assets	15.59	15.8	14.81	17.22	16.46
Return on Total Capital	20.93	21.5	20.12	23.17	21.28
Return On Equity %	24.26	25.84	22.32	27.59	25.09
Return on Common Equity	24.27	25.85	22.33	27.57	25.09
Margin Analysis
Gross Profit Margin %	60.69	64.94	67.84	70.57	70.15
SG&A Margin	16.78	18.19	19.45	20.09	19.84
EBITDA Margin %	39.41	42.5	43.08	45.49	45.51
EBITA Margin %	36.04	38.85	39.49	42.39	42.12
EBIT Margin %	36.04	38.85	39.49	42.39	42.12
Income From Continuing Operations Margin %	26.11	29.18	27.38	31.55	31.04
Net Income Margin %	26.09	29.17	27.38	31.5	31.02
Net Avail. For Common Margin %	26.09	29.17	27.38	31.5	31.02
Normalized Net Income Margin	22.75	24.7	24.87	26.8	26.44
Levered Free Cash Flow Margin	13.85	18.42	22.77	9.47	16.94
Unlevered Free Cash Flow Margin	13.85	18.42	22.77	9.47	16.94
Asset Turnover
Asset Turnover	0.69	0.65	0.6	0.65	0.63
Fixed Assets Turnover	2.01	1.95	2.09	2.24	2.05
Receivables Turnover (Average Receivables)	7.08	7.12	6.99	8.77	8.76
Inventory Turnover (Average Inventory)	1.61	1.25	0.96	0.91	0.93
Short Term Liquidity
Current Ratio	2.23	2.54	2.6	2.65	3.2
Quick Ratio	1.5	1.7	1.76	1.7	2.21
Operating Cash Flow to Current Liabilities	0.76	0.68	0.66	0.75	0.86
Days Sales Outstanding (Average Receivables)	51.55	51.29	52.33	41.63	41.65
Days Outstanding Inventory (Average Inventory)	227.23	292.83	381.82	400.49	392.29
Average Days Payable Outstanding	83.39	82.73	93.84	87.62	73.98
Cash Conversion Cycle (Average Days)	195.39	261.38	340.31	354.5	359.96
Long Term Solvency
Total Debt/Equity	-	-	-	-	-
Total Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	27.37	25.76	26.89	24.67	20.89
EBIT / Interest Expense	-	-	-	-	-
EBITDA / Interest Expense	-	-	-	-	-
(EBITDA - Capex) / Interest Expense	-	-	-	-	-
Total Debt / EBITDA	-	-	-	-	-
Net Debt / EBITDA	-1.26	-1.35	-1.63	-1.28	-1.43
Total Debt / (EBITDA - Capex)	-	-	-	-	-
Net Debt / (EBITDA - Capex)	-2.23	-1.53	-1.85	-2.05	-1.74
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	38.79	11.96	8.24	27.88	11.08
Gross Profit, 1 Yr. Growth %	44.09	19.8	13.08	33.04	10.41
EBITDA, 1 Yr. Growth %	67.06	20.73	9.72	35.04	11.14
EBITA, 1 Yr. Growth %	72.41	20.67	10.03	37.27	10.38
EBIT, 1 Yr. Growth %	72.41	20.67	10.03	37.27	10.38
Earnings From Cont. Operations, 1 Yr. Growth %	69.24	25.15	1.56	47.34	9.29
Net Income, 1 Yr. Growth %	69.36	25.2	1.59	47.13	9.39
Normalized Net Income, 1 Yr. Growth %	72.54	21.58	8.98	37.8	9.58
Diluted EPS Before Extra, 1 Yr. Growth %	69.19	25.17	1.48	47.11	9.38
Accounts Receivable, 1 Yr. Growth %	16.6	6.92	13.16	-7.83	31.65
Inventory, 1 Yr. Growth %	22.84	33.45	25.83	20.88	1.67
Net Property, Plant and Equip., 1 Yr. Growth %	33.18	2.16	-0.06	38.36	9.42
Total Assets, 1 Yr. Growth %	22.95	15.88	18.61	17.63	13.66
Tangible Book Value, 1 Yr. Growth %	16.45	18.51	16.84	21.18	19.39
Common Equity, 1 Yr. Growth %	16.42	18.48	16.84	21.16	19.38
Cash From Operations, 1 Yr. Growth %	47.51	-2.24	19.25	23.42	10.95
Capital Expenditures, 1 Yr. Growth %	107.25	-67.39	13.6	314.26	-47.44
Levered Free Cash Flow, 1 Yr. Growth %	11	48.88	33.84	-46.79	98.59
Unlevered Free Cash Flow, 1 Yr. Growth %	11	48.88	33.84	-46.79	98.59
Dividend Per Share, 1 Yr. Growth %	19.35	13.37	0.55	34.53	22.28
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	34.12	24.65	10.09	17.65	19.19
Gross Profit, 2 Yr. CAGR %	34.77	31.39	16.39	22.65	21.2
EBITDA, 2 Yr. CAGR %	52.48	42.02	15.09	21.72	22.51
EBITA, 2 Yr. CAGR %	58.51	44.24	15.23	22.9	23.09
EBIT, 2 Yr. CAGR %	58.51	44.24	15.23	22.9	23.09
Earnings From Cont. Operations, 2 Yr. CAGR %	54.65	45.53	12.74	22.33	26.9
Net Income, 2 Yr. CAGR %	54.73	45.62	12.78	22.25	26.86
Normalized Net Income, 2 Yr. CAGR %	55.44	44.83	15.1	22.55	22.88
Diluted EPS Before Extra, 2 Yr. CAGR %	54.55	45.53	12.7	22.18	26.85
Accounts Receivable, 2 Yr. CAGR %	22.88	11.65	10	2.13	10.16
Inventory, 2 Yr. CAGR %	16.6	28.04	29.59	23.33	10.86
Net Property, Plant and Equip., 2 Yr. CAGR %	24.34	16.64	1.04	17.59	23.04
Total Assets, 2 Yr. CAGR %	21.44	19.37	17.24	18.12	15.63
Tangible Book Value, 2 Yr. CAGR %	13.81	17.47	17.67	18.99	20.28
Common Equity, 2 Yr. CAGR %	13.78	17.45	17.66	18.98	20.27
Cash From Operations, 2 Yr. CAGR %	63.49	20.09	7.97	21.32	17.02
Capital Expenditures, 2 Yr. CAGR %	32.37	-17.8	-39.14	116.93	47.56
Levered Free Cash Flow, 2 Yr. CAGR %	87.23	28.55	41.16	-15.61	2.8
Unlevered Free Cash Flow, 2 Yr. CAGR %	87.23	28.55	41.16	-15.61	2.8
Dividend Per Share, 2 Yr. CAGR %	35.82	16.32	6.76	16.3	28.26
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	19.83	26.28	18.92	15.72	15.42
Gross Profit, 3 Yr. CAGR %	21.01	29.58	24.98	21.7	18.43
EBITDA, 3 Yr. CAGR %	30.76	41.06	30.31	21.39	18.09
EBITA, 3 Yr. CAGR %	33.28	44.73	31.79	22.15	18.57
EBIT, 3 Yr. CAGR %	33.28	44.73	31.79	22.15	18.57
Earnings From Cont. Operations, 3 Yr. CAGR %	31.91	44.11	29.09	23.26	17.82
Net Income, 3 Yr. CAGR %	31.94	44.19	29.15	23.23	17.81
Normalized Net Income, 3 Yr. CAGR %	33.4	43.21	31.73	22.22	18.06
Diluted EPS Before Extra, 3 Yr. CAGR %	31.83	44.06	29.05	23.17	17.76
Accounts Receivable, 3 Yr. CAGR %	3.46	17.31	12.15	3.7	11.15
Inventory, 3 Yr. CAGR %	21.07	21.97	27.3	26.62	15.64
Net Property, Plant and Equip., 3 Yr. CAGR %	23.4	16.46	10.78	12.2	14.8
Total Assets, 3 Yr. CAGR %	16.15	19.56	19.11	17.37	16.61
Tangible Book Value, 3 Yr. CAGR %	10.13	15.35	17.26	18.83	19.12
Common Equity, 3 Yr. CAGR %	10.1	15.33	17.24	18.81	19.11
Cash From Operations, 3 Yr. CAGR %	45.23	37.73	19.81	12.89	17.76
Capital Expenditures, 3 Yr. CAGR %	44.52	-17.02	-8.44	15.34	35.24
Levered Free Cash Flow, 3 Yr. CAGR %	42.95	73.45	30.29	1.97	12.25
Unlevered Free Cash Flow, 3 Yr. CAGR %	42.95	73.45	30.29	1.97	12.25
Dividend Per Share, 3 Yr. CAGR %	35.89	27.88	10.8	15.32	18.26
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	13.59	11.17	15.83	22.76	19.03
Gross Profit, 5 Yr. CAGR %	15.63	13.23	19.14	26.77	23.45
EBITDA, 5 Yr. CAGR %	21.82	16.2	24.25	32.98	27.13
EBITA, 5 Yr. CAGR %	23.93	16.72	25.74	35.57	28.24
EBIT, 5 Yr. CAGR %	23.93	16.72	25.74	35.57	28.24
Earnings From Cont. Operations, 5 Yr. CAGR %	22.27	17.37	23.88	34.97	28.21
Net Income, 5 Yr. CAGR %	22.29	17.4	23.91	34.98	28.23
Normalized Net Income, 5 Yr. CAGR %	23.88	16.38	25.76	34.56	28.12
Diluted EPS Before Extra, 5 Yr. CAGR %	22.17	17.33	23.82	34.88	28.17
Accounts Receivable, 5 Yr. CAGR %	-0.12	-1.1	6.03	10.98	11.35
Inventory, 5 Yr. CAGR %	17.69	22.09	24.4	22.51	20.45
Net Property, Plant and Equip., 5 Yr. CAGR %	16.88	16.33	13.91	16.91	15.53
Total Assets, 5 Yr. CAGR %	12.37	12.81	16.58	18.98	17.71
Tangible Book Value, 5 Yr. CAGR %	10.18	11.18	13.09	16.8	18.46
Common Equity, 5 Yr. CAGR %	10.13	11.13	13.06	16.77	18.44
Cash From Operations, 5 Yr. CAGR %	20.52	10.02	28.99	30.92	18.68
Capital Expenditures, 5 Yr. CAGR %	33.99	4.33	2.26	21.87	10.82
Levered Free Cash Flow, 5 Yr. CAGR %	17.73	10.78	42.23	30.03	18.51
Unlevered Free Cash Flow, 5 Yr. CAGR %	17.69	10.77	42.23	30.03	18.51
Dividend Per Share, 5 Yr. CAGR %	16.66	18.68	23.39	23.12	17.48