Income Statement Double Standard Inc.

Stocks

3925

JP3505980007

Business Support Services

Market Closed - Japan Exchange 02:30:00 2026-08-14 EDT			5-day change	1st Jan Change
1,333.00 ^JPY	+6.05%		+6.55%	-23.17%

06-02	Double Standard Inc. Proposes Dividend for the Fiscal Year Ended March 31, 2026, Payable on June 30, 2026	CI
05-27	Double Standard Inc. Announces Retirement of Yasuhiro Shimizu Retired from the Position of President, Effective June 29, 2026	CI

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Published financial data: DOUBLE STANDARD INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	7.08B	6.91B	7.15B	8B	7.01B
Total Revenues	7.08B	6.91B	7.15B	8B	7.01B
Cost of Goods Sold, Total	4.53B	3.95B	3.83B	4.12B	4.13B
Gross Profit	2.55B	2.96B	3.32B	3.88B	2.88B
Selling General & Admin Expenses, Total	791M	832M	977M	1.24B	1.12B
Amortization of Goodwill and Intangible Assets - (IS)	-	8M	33M	33M	33M
Other Operating Expenses, Total	791M	840M	1.01B	1.27B	1.16B
Operating Income	1.76B	2.12B	2.31B	2.61B	1.72B
Interest And Investment Income	-	-	-	2M	8M
Net Interest Expenses	-	-	-	2M	8M
Income (Loss) On Equity Invest.	5M	-31M	-	-	-
Other Non Operating Income (Expenses)	-14M	20M	-14M	-1M	-38M
EBT, Excl. Unusual Items	1.75B	2.11B	2.3B	2.61B	1.69B
Gain (Loss) On Sale Of Investments	-112M	207M	133M	10M	-
Asset Writedown	-25M	-3M	-	-4M	-67M
Other Unusual Items	-31M	-	-	-	-1M
EBT, Incl. Unusual Items	1.58B	2.31B	2.43B	2.61B	1.62B
Income Tax Expense	499M	663M	753M	829M	516M
Earnings From Continuing Operations	1.08B	1.65B	1.68B	1.78B	1.11B
Net Income to Company	1.08B	1.65B	1.68B	1.78B	1.11B
Minority Interest	-	-26M	-21M	-2M	-
Net Income - (IS)	1.08B	1.62B	1.65B	1.78B	1.11B
Net Income to Common Incl Extra Items	1.08B	1.62B	1.65B	1.78B	1.11B
Net Income to Common Excl. Extra Items	1.08B	1.62B	1.65B	1.78B	1.11B
Per Share Items
Net EPS - Basic	79.68	119.67	121.98	131.85	81.9
Basic EPS - Continuing Operations	79.68	119.67	121.98	131.85	81.9
Basic Weighted Average Shares Outstanding	13.58M	13.58M	13.56M	13.52M	13.52M
Net EPS - Diluted	79.68	119.67	121.98	131.85	81.9
Diluted EPS - Continuing Operations	79.68	119.67	121.98	131.85	81.9
Diluted Weighted Average Shares Outstanding	13.58M	13.58M	13.56M	13.52M	13.52M
Normalized Basic EPS	80.5	95.2	104.24	120.4	78.2
Normalized Diluted EPS	80.5	95.2	104.24	120.4	78.2
Dividend Per Share	35	50	55	60	70
Payout Ratio	34.47	33.35	40.99	41.64	73.26
Supplemental Items
EBITDA	1.78B	2.16B	2.38B	2.69B	1.82B
EBITA	1.76B	2.13B	2.34B	2.64B	1.75B
EBIT	1.76B	2.12B	2.31B	2.61B	1.72B
Effective Tax Rate - (Ratio)	31.56	28.65	31.01	31.73	31.79
Normalized Net Income	1.09B	1.29B	1.41B	1.63B	1.06B
Non-Cash Pension Expense	-	2.12M	9.88M	7.93M	8.66M
Supplemental Operating Expense Items
General and Administrative Expenses	92M	104M	147M	154M	154M

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	3.14B	4.16B	4.46B	5.35B	5.29B
Total Cash And Short Term Investments	3.14B	4.16B	4.46B	5.35B	5.29B
Accounts Receivable, Total	599M	777M	1.01B	989M	821M
Total Receivables	599M	777M	1.01B	989M	821M
Inventory	155M	44M	30M	13M	71M
Prepaid Expenses	8M	15M	23M	13M	141M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	53M	3M	8M	41M	66M
Total Current Assets	3.95B	5B	5.53B	6.4B	6.38B
Net Property Plant And Equipment	83M	77M	418M	628M	548M
Long-term Investments	344M	97M	195M	101M	97M
Goodwill	-	327M	293M	260M	226M
Other Intangibles, Total	47M	62M	93M	74M	67M
Deferred Tax Assets Long-Term	28M	49M	52M	58M	58M
Other Long-Term Assets, Total	2M	2M	2M	3M	2M
Total Assets	4.46B	5.61B	6.58B	7.53B	7.38B
Liabilities
Accounts Payable, Total	358M	312M	324M	401M	422M
Accrued Expenses, Total	6M	11M	27M	23M	27M
Current Income Taxes Payable	550M	572M	597M	634M	185M
Other Current Liabilities	8M	12M	27M	37M	15M
Total Current Liabilities	922M	907M	975M	1.1B	649M
Pension & Other Post Retirement Benefits	-	40M	39M	46M	54M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	1M	2M	3M	3M	1M
Total Liabilities	923M	949M	1.02B	1.14B	704M
Common Stock, Total	263M	263M	263M	263M	263M
Additional Paid In Capital	253M	253M	253M	142M	142M
Retained Earnings	2.97B	4.06B	5.03B	6.07B	6.37B
Treasury Stock	-1M	-2M	-95M	-95M	-95M
Comprehensive Income and Other	43M	1M	1M	1M	1M
Total Common Equity	3.53B	4.57B	5.45B	6.38B	6.68B
Minority Interest	-	92M	113M	-	-
Total Equity	3.53B	4.66B	5.57B	6.38B	6.68B
Total Liabilities And Equity	4.46B	5.61B	6.58B	7.53B	7.38B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	13.58M	13.58M	13.52M	13.52M	13.52M
ECS Total Common Shares Outstanding	13.58M	13.58M	13.52M	13.52M	13.52M
Book Value / Share	260.11	336.7	403.53	472.19	494.16
Tangible Book Value	3.48B	4.18B	5.07B	6.05B	6.39B
Tangible Book Value Per Share	256.64	308.05	374.97	447.47	472.48
Total Debt	0	0	0	0	0
Net Debt	-3.14B	-4.16B	-4.46B	-5.35B	-5.29B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	6.67M	8.74M	11.86M	13.34M
Minority Interest, Total (Incl. Fin. Div)	-	92M	113M	-	-
Inventories - Work In Process, Total	155M	44M	30M	13M	71M
Full Time Employees	57	105	117	134	137

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	1.58B	2.32B	2.43B	2.61B	1.62B
Depreciation & Amortization - CF	26M	32M	34M	50M	62M
Amortization of Goodwill and Intangible Assets - (CF)	-	8M	33M	33M	33M
Depreciation & Amortization, Total	26M	40M	67M	83M	95M
(Gain) Loss From Sale Of Asset	25M	3M	-	4M	68M
(Gain) Loss on Sale of Investments - (CF)	112M	-36M	-133M	-10M	-
(Income) Loss On Equity Investments - (CF)	-5M	31M	-	-	-
Other Operating Activities, Total	-332M	-635M	-702M	-807M	-876M
Change In Accounts Receivable	-210M	-178M	-231M	20M	167M
Change In Inventories	-122M	110M	14M	16M	-57M
Change In Accounts Payable	66M	-1M	-6M	44M	-91M
Change in Other Net Operating Assets	4M	-209M	-3M	31M	-155M
Cash from Operations	1.15B	1.44B	1.44B	1.99B	775M
Capital Expenditure	-66M	-16M	-351M	-235M	-1M
Cash Acquisitions	-	-30M	-	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-29M	-35M	-53M	-7M	-25M
Investment in Marketable and Equity Securities, Total	-74M	110M	33M	110M	-
Other Investing Activities, Total	-96M	97M	8M	-6M	3M
Cash from Investing	-265M	126M	-363M	-138M	-23M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-1M	-	-93M	-	-
Common Dividends Paid	-373M	-542M	-678M	-742M	-811M
Common & Preferred Stock Dividends Paid	-373M	-542M	-678M	-742M	-811M
Other Financing Activities, Total	-	-	-	-228M	-
Cash from Financing	-374M	-542M	-771M	-970M	-811M
Miscellaneous Cash Flow Adjustments	-1M	-1M	-1M	-1M	-
Net Change in Cash	506M	1.02B	300M	885M	-59M
Supplemental Items
Cash Income Tax Paid (Refund)	331M	638M	702M	809M	876M
Levered Free Cash Flow	938M	1.28B	943M	1.6B	656M
Unlevered Free Cash Flow	938M	1.28B	943M	1.6B	656M
Change In Net Working Capital	92M	39M	163M	-134M	489M

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	27.75	26.33	23.66	23.09	14.43
Return on Total Capital	34.81	32.35	28.21	27.26	16.47
Return On Equity %	34.28	40.29	32.74	29.86	16.95
Return on Common Equity	34.28	40.1	32.99	30.11	16.95
Margin Analysis
Gross Profit Margin %	36.02	42.84	46.44	48.44	41.07
SG&A Margin	11.18	12.04	13.67	15.45	16.05
EBITDA Margin %	25.21	31.27	33.24	33.61	25.91
EBITA Margin %	24.84	30.81	32.77	32.99	25.02
EBIT Margin %	24.84	30.69	32.31	32.58	24.55
Income From Continuing Operations Margin %	15.29	23.89	23.44	22.3	15.79
Net Income Margin %	15.29	23.51	23.14	22.28	15.79
Net Avail. For Common Margin %	15.29	23.51	23.14	22.28	15.79
Normalized Net Income Margin	15.45	18.71	19.78	20.34	15.08
Levered Free Cash Flow Margin	13.25	18.46	13.2	20.05	9.35
Unlevered Free Cash Flow Margin	13.25	18.46	13.2	20.05	9.35
Asset Turnover
Asset Turnover	1.79	1.37	1.17	1.13	0.94
Fixed Assets Turnover	117.95	86.39	28.88	15.3	11.92
Receivables Turnover (Average Receivables)	14.33	10.05	8	8.01	7.75
Inventory Turnover (Average Inventory)	48.17	39.7	103.46	191.86	98.36
Short Term Liquidity
Current Ratio	4.29	5.51	5.67	5.85	9.84
Quick Ratio	4.05	5.44	5.61	5.79	9.41
Operating Cash Flow to Current Liabilities	1.24	1.59	1.47	1.82	1.19
Days Sales Outstanding (Average Receivables)	25.48	36.34	45.73	45.58	47.12
Days Outstanding Inventory (Average Inventory)	7.58	9.19	3.54	1.9	3.71
Average Days Payable Outstanding	26.73	31.85	30.52	32.21	35.86
Cash Conversion Cycle (Average Days)	6.33	13.68	18.75	15.27	14.98
Long Term Solvency
Total Liabilities / Total Assets	20.72	16.91	15.45	15.2	9.54
Net Debt / EBITDA	-1.76	-1.93	-1.88	-1.99	-2.91
Net Debt / (EBITDA - Capex)	-1.83	-1.94	-2.2	-2.18	-2.91
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	60.44	-2.35	3.41	11.94	-12.38
Gross Profit, 1 Yr. Growth %	46.41	16.16	12.09	16.75	-25.7
EBITDA, 1 Yr. Growth %	57.46	21.13	9.95	13.17	-32.47
EBITA, 1 Yr. Growth %	58.52	21.1	10	12.68	-33.54
EBIT, 1 Yr. Growth %	58.52	20.65	8.86	12.86	-33.96
Earnings From Cont. Operations, 1 Yr. Growth %	44.85	52.59	1.45	6.51	-37.95
Net Income, 1 Yr. Growth %	44.85	50.18	1.78	7.74	-37.88
Normalized Net Income, 1 Yr. Growth %	57.28	18.26	9.33	15.14	-35.06
Diluted EPS Before Extra, 1 Yr. Growth %	44.85	50.19	1.93	8.08	-37.88
Accounts Receivable, 1 Yr. Growth %	53.98	29.72	29.86	-1.98	-16.99
Inventory, 1 Yr. Growth %	369.7	-71.61	-31.82	-56.67	446.15
Net Property, Plant and Equip., 1 Yr. Growth %	124.32	-7.23	442.86	50.24	-12.74
Total Assets, 1 Yr. Growth %	28.57	25.99	17.3	14.31	-1.9
Tangible Book Value, 1 Yr. Growth %	27	20.03	21.16	19.34	5.59
Common Equity, 1 Yr. Growth %	27.05	29.44	19.29	17.02	4.65
Cash From Operations, 1 Yr. Growth %	34.82	25.65	-0.35	38.95	-61.13
Capital Expenditures, 1 Yr. Growth %	633.33	-75.76	2.09K	-33.05	-99.57
Levered Free Cash Flow, 1 Yr. Growth %	25.01	36.03	-26.07	70.05	-59.12
Unlevered Free Cash Flow, 1 Yr. Growth %	25.01	36.03	-26.07	70.05	-59.12
Dividend Per Share, 1 Yr. Growth %	27.27	42.86	10	9.09	16.67
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	38.92	25.17	0.49	7.59	-0.96
Gross Profit, 2 Yr. CAGR %	22.06	30.41	14.11	14.4	-6.86
EBITDA, 2 Yr. CAGR %	25.93	38.11	15.41	11.55	-12.58
EBITA, 2 Yr. CAGR %	26.3	38.55	15.42	11.34	-13.46
EBIT, 2 Yr. CAGR %	26.3	38.29	14.6	10.85	-13.67
Earnings From Cont. Operations, 2 Yr. CAGR %	20.51	48.67	24.42	3.95	-18.7
Net Income, 2 Yr. CAGR %	20.51	47.49	23.64	4.72	-18.19
Normalized Net Income, 2 Yr. CAGR %	25.81	36.38	13.71	12.2	-13.53
Diluted EPS Before Extra, 2 Yr. CAGR %	20.46	47.49	23.73	4.96	-18.06
Accounts Receivable, 2 Yr. CAGR %	19.42	41.33	29.79	12.82	-9.8
Inventory, 2 Yr. CAGR %	94.43	15.47	-56.01	-45.64	53.84
Net Property, Plant and Equip., 2 Yr. CAGR %	49.77	44.26	124.41	185.58	14.5
Total Assets, 2 Yr. CAGR %	23.52	27.28	21.57	15.79	5.89
Tangible Book Value, 2 Yr. CAGR %	24.04	23.47	20.59	20.24	12.25
Common Equity, 2 Yr. CAGR %	23.84	28.24	24.26	18.15	10.66
Cash From Operations, 2 Yr. CAGR %	24.19	30.16	11.9	17.67	-26.51
Capital Expenditures, 2 Yr. CAGR %	474.46	33.33	130.61	283.24	-94.66
Levered Free Cash Flow, 2 Yr. CAGR %	17.37	30.41	0.29	12.13	-16.62
Unlevered Free Cash Flow, 2 Yr. CAGR %	17.37	30.41	0.29	12.13	-16.62
Dividend Per Share, 2 Yr. CAGR %	32.29	34.84	25.36	9.54	12.82
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	36.02	23.52	17.45	4.17	0.48
Gross Profit, 3 Yr. CAGR %	20.58	20.06	23.99	14.98	-0.93
EBITDA, 3 Yr. CAGR %	25.99	24.31	28	14.66	-5.63
EBITA, 3 Yr. CAGR %	26.62	24.55	28.3	14.5	-6.25
EBIT, 3 Yr. CAGR %	26.62	24.39	27.69	14.02	-6.73
Earnings From Cont. Operations, 3 Yr. CAGR %	22.75	30.38	30.89	18.14	-12.47
Net Income, 3 Yr. CAGR %	22.75	29.69	30.34	18.09	-12.01
Normalized Net Income, 3 Yr. CAGR %	25.97	23.24	26.69	14.18	-6.49
Diluted EPS Before Extra, 3 Yr. CAGR %	22.73	29.65	30.4	18.28	-11.87
Accounts Receivable, 3 Yr. CAGR %	31.4	22.76	37.4	18.19	1.85
Inventory, 3 Yr. CAGR %	326.35	2.38	-3.13	-56.23	17.29
Net Property, Plant and Equip., 3 Yr. CAGR %	20.87	27.67	124.38	96.32	92.35
Total Assets, 3 Yr. CAGR %	27.08	24.34	23.86	19.1	9.57
Tangible Book Value, 3 Yr. CAGR %	27.61	22.69	22.69	20.17	15.15
Common Equity, 3 Yr. CAGR %	27.08	25.68	25.19	21.8	13.47
Cash From Operations, 3 Yr. CAGR %	13.25	24.68	19.07	20.28	-18.66
Capital Expenditures, 3 Yr. CAGR %	220.75	100	239.12	52.7	-60.32
Levered Free Cash Flow, 3 Yr. CAGR %	10.49	23.29	7.93	19.59	-19.9
Unlevered Free Cash Flow, 3 Yr. CAGR %	10.49	23.29	7.93	19.59	-19.9
Dividend Per Share, 3 Yr. CAGR %	42.88	35.72	25.99	19.68	11.87
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	39	28.18	20.51	16.88	9.71
Gross Profit, 5 Yr. CAGR %	27.05	23.85	17.95	17.76	10.58
EBITDA, 5 Yr. CAGR %	31.95	29.6	21.65	19.04	9.89
EBITA, 5 Yr. CAGR %	34.06	30.99	22.02	19.08	9.6
EBIT, 5 Yr. CAGR %	34.06	30.89	21.67	18.78	9.19
Earnings From Cont. Operations, 5 Yr. CAGR %	32.39	38.5	23.42	19.08	8.18
Net Income, 5 Yr. CAGR %	32.39	38.06	23.11	19.06	8.18
Normalized Net Income, 5 Yr. CAGR %	33.86	29.91	20.91	18.7	8.74
Diluted EPS Before Extra, 5 Yr. CAGR %	32.13	38.05	23.13	19.15	8.29
Accounts Receivable, 5 Yr. CAGR %	27.47	34.73	30.75	18.68	16.11
Inventory, 5 Yr. CAGR %	11.99	-21.65	71.88	-20.52	16.56
Net Property, Plant and Equip., 5 Yr. CAGR %	0.99	7.76	54.82	76.18	71.44
Total Assets, 5 Yr. CAGR %	22.87	28.36	24.84	20.85	16.33
Tangible Book Value, 5 Yr. CAGR %	28.47	27.74	24.76	21.71	18.4
Common Equity, 5 Yr. CAGR %	27.36	29.2	25.95	22.61	19.16
Cash From Operations, 5 Yr. CAGR %	28.43	49.94	12.71	21.83	-1.83
Capital Expenditures, 5 Yr. CAGR %	0	39.77	181.1	159.42	-35.56
Levered Free Cash Flow, 5 Yr. CAGR %	28.49	58.63	6.29	18.69	-2.66
Unlevered Free Cash Flow, 5 Yr. CAGR %	28.49	58.63	6.29	18.69	-2.66
Dividend Per Share, 5 Yr. CAGR %	46.14	37.97	35.59	24.57	20.55