Income Statement Eslead Corporation

Stocks

8877

JP3688350002

Real Estate Development & Operations

Market Closed - Japan Exchange Other stock markets 02:30:00 2026-06-12 EDT			5-day change	1st Jan Change
4,875.00 ^JPY	+1.25%		-1.32%	-27.35%

01-29	Eslead Corporation Reports Earnings Results for the Nine Months Ended December 31, 2025	CI
12-24	Eslead Corporation Enters into a Syndicated Loan Agreement with Financial Covenants	CI

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Published financial data: ESLEAD CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	69B	74.6B	79.91B	80.29B	94.76B
Total Revenues	69B	74.6B	79.91B	80.29B	94.76B
Cost of Goods Sold, Total	54.42B	57.55B	61.78B	59.93B	70.96B
Gross Profit	14.58B	17.05B	18.13B	20.35B	23.81B
Selling General & Admin Expenses, Total	6.47B	7.36B	7.24B	7B	6.9B
Depreciation & Amortization - (IS)	77M	105M	123M	127M	124M
Other Operating Expenses	1.01B	923M	1.29B	1.6B	2.23B
Other Operating Expenses, Total	7.56B	8.39B	8.65B	8.72B	9.26B
Operating Income	7.02B	8.66B	9.48B	11.63B	14.55B
Interest Expense, Total	-200M	-287M	-374M	-518M	-996M
Interest And Investment Income	-	-	12M	32M	28M
Net Interest Expenses	-200M	-287M	-362M	-486M	-968M
Other Non Operating Income (Expenses)	182M	201M	249M	200M	167M
EBT, Excl. Unusual Items	7B	8.57B	9.37B	11.34B	13.75B
Asset Writedown	-	-	-35M	-3M	-
Other Unusual Items	-	-	35M	-	-
EBT, Incl. Unusual Items	7B	8.57B	9.37B	11.34B	13.75B
Income Tax Expense	2.5B	3.15B	3.22B	3.82B	4.42B
Earnings From Continuing Operations	4.51B	5.43B	6.15B	7.52B	9.33B
Net Income to Company	4.51B	5.43B	6.15B	7.52B	9.33B
Net Income - (IS)	4.51B	5.43B	6.15B	7.52B	9.33B
Net Income to Common Incl Extra Items	4.51B	5.43B	6.15B	7.52B	9.33B
Net Income to Common Excl. Extra Items	4.51B	5.43B	6.15B	7.52B	9.33B
Per Share Items
Net EPS - Basic	292.03	351.81	398.41	487.26	604.71
Basic EPS - Continuing Operations	292.03	351.81	398.41	487.26	604.71
Basic Weighted Average Shares Outstanding	15.43M	15.43M	15.43M	15.43M	15.43M
Net EPS - Diluted	292.03	351.81	398.41	487.26	604.71
Diluted EPS - Continuing Operations	292.03	351.81	398.41	487.26	604.71
Diluted Weighted Average Shares Outstanding	15.43M	15.43M	15.43M	15.43M	15.43M
Normalized Basic EPS	283.58	347.32	379.48	459.56	556.87
Normalized Diluted EPS	283.58	347.32	379.48	459.56	556.87
Dividend Per Share	40	40	90	150	185
Payout Ratio	13.67	11.35	15.05	22.56	28.93
Supplemental Items
EBITDA	7.28B	9B	9.9B	12.18B	15.1B
EBITA	7.02B	8.68B	9.52B	11.67B	14.58B
EBIT	7.02B	8.66B	9.48B	11.63B	14.55B
Effective Tax Rate - (Ratio)	35.64	36.69	34.38	33.72	32.13
Normalized Net Income	4.38B	5.36B	5.86B	7.09B	8.59B
Non-Cash Pension Expense	30.91M	28.82M	35.2M	35.39M	61.82M
Supplemental Operating Expense Items
Advertising Expense	540M	690M	807M	662M	504M
Selling and Marketing Expenses	540M	690M	807M	662M	504M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	31.85B	27.72B	26.55B	16.24B	31.24B
Total Cash And Short Term Investments	31.85B	27.72B	26.55B	16.24B	31.24B
Accounts Receivable, Total	2.4B	3.18B	960M	3.01B	2.67B
Total Receivables	2.4B	3.18B	960M	3.01B	2.67B
Inventory	62.36B	72.98B	92.67B	132B	174B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	697M	1.81B	3.28B	4.52B	5.33B
Total Current Assets	97.3B	106B	123B	156B	214B
Net Property Plant And Equipment	6.5B	6.29B	8.62B	8.91B	9.5B
Long-term Investments	585M	1.4B	2.84B	2.91B	2.9B
Other Intangibles, Total	60M	344M	331M	311M	262M
Deferred Tax Assets Long-Term	435M	587M	625M	601M	855M
Other Long-Term Assets, Total	1M	2M	2M	3M	2M
Total Assets	105B	114B	136B	169B	227B
Liabilities
Accounts Payable, Total	11.44B	6.34B	5.76B	7.81B	4.48B
Accrued Expenses, Total	270M	292M	237M	230M	238M
Short-term Borrowings	138M	466M	2.04B	3.66B	4.01B
Current Portion of Long-Term Debt	12.39B	12.83B	24.82B	18.29B	32.58B
Current Portion of Leases	132M	139M	137M	135M	138M
Current Income Taxes Payable	2.08B	2.76B	2.73B	2.3B	3.07B
Other Current Liabilities	2.02B	3.99B	3.25B	4.5B	3.75B
Total Current Liabilities	28.47B	26.82B	38.97B	36.92B	48.26B
Long-Term Debt	23.55B	29.94B	34.14B	63.39B	103B
Long-Term Leases	1.23B	1.25B	1.21B	1.15B	1.09B
Pension & Other Post Retirement Benefits	350M	362M	381M	394M	421M
Other Non Current Liabilities	145M	245M	194M	227M	746M
Total Liabilities	53.74B	58.62B	74.9B	102B	154B
Common Stock, Total	1.98B	1.98B	1.98B	1.98B	1.98B
Additional Paid In Capital	2.87B	2.87B	2.87B	2.87B	2.87B
Retained Earnings	46.26B	50.79B	56.02B	61.84B	68.47B
Treasury Stock	-63M	-64M	-64M	-64M	-65M
Comprehensive Income and Other	82M	113M	160M	246M	203M
Total Common Equity	51.14B	55.7B	60.96B	66.87B	73.46B
Total Equity	51.14B	55.7B	60.96B	66.87B	73.46B
Total Liabilities And Equity	105B	114B	136B	169B	227B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	15.43M	15.43M	15.43M	15.43M	15.43M
ECS Total Common Shares Outstanding	15.43M	15.43M	15.43M	15.43M	15.43M
Book Value / Share	3.31K	3.61K	3.95K	4.33K	4.76K
Tangible Book Value	51.08B	55.35B	60.63B	66.56B	73.2B
Tangible Book Value Per Share	3.31K	3.59K	3.93K	4.31K	4.74K
Total Debt	37.44B	44.62B	62.35B	86.62B	141B
Net Debt	5.6B	16.9B	35.8B	70.38B	110B
Debt Equivalent of Unfunded Proj. Benefit Obligation	124M	132M	149M	155M	178M
Inventories - Work In Process, Total	46.04B	51.34B	59.3B	73.93B	90.66B
Inventories - Finished Goods, Total	16.32B	21.64B	33.37B	58.53B	83.61B
Inventories - Others	1M	1M	1M	1M	1M
Full Time Employees	363	380	397	404	419
Order Backlog	7.38B	26.93B	42.71B	53.06B	52.59B

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	7B	8.58B	9.37B	11.34B	13.75B
Depreciation & Amortization - CF	264M	320M	380M	512M	519M
Amortization of Goodwill and Intangible Assets - (CF)	-	17M	35M	35M	35M
Depreciation & Amortization, Total	264M	337M	415M	547M	554M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Other Operating Activities, Total	-2.35B	-2.69B	-3.15B	-4.28B	-4.07B
Change In Accounts Receivable	-1.41B	-715M	2.22B	-2.05B	339M
Change In Inventories	-11.34B	-10.88B	-20.87B	-39.79B	-41.81B
Change In Accounts Payable	5.78B	-5.24B	-597M	2.21B	-3.39B
Change in Other Net Operating Assets	2.06B	1.24B	-248M	-197M	-809M
Cash from Operations	-9M	-9.37B	-12.86B	-32.21B	-35.44B
Capital Expenditure	-777M	-490M	-2.95B	-557M	-855M
Cash Acquisitions	-	-151M	-	-	-
Sale (Purchase) of Intangible assets	-12M	-500M	-2.05B	-32M	-20M
Investment in Marketable and Equity Securities, Total	-5M	94M	193M	-9M	-155M
Other Investing Activities, Total	-5M	-13M	-7M	-5M	-17M
Cash from Investing	-799M	-1.06B	-4.82B	-603M	-1.05B
Short Term Debt Issued, Total	138M	328M	1.58B	1.62B	350M
Long-Term Debt Issued, Total	25.71B	25.24B	33.42B	50.12B	83.17B
Total Debt Issued	25.85B	25.57B	35B	51.73B	83.52B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-12.12B	-18.42B	-17.23B	-27.4B	-29.23B
Total Debt Repaid	-12.12B	-18.42B	-17.23B	-27.4B	-29.23B
Common Dividends Paid	-616M	-616M	-925M	-1.7B	-2.7B
Common & Preferred Stock Dividends Paid	-616M	-616M	-925M	-1.7B	-2.7B
Other Financing Activities, Total	-119M	-123M	-136M	-127M	-258M
Cash from Financing	12.99B	6.41B	16.71B	22.51B	51.34B
Miscellaneous Cash Flow Adjustments	-1M	-	-1M	-	-1M
Net Change in Cash	12.18B	-4.02B	-972M	-10.31B	14.85B
Supplemental Items
Cash Interest Paid	208M	315M	526M	574M	1.16B
Cash Income Tax Paid (Refund)	2.34B	2.66B	3.31B	4.26B	3.91B
Levered Free Cash Flow	-1.1B	-10.35B	-19.25B	-33.32B	-37.44B
Unlevered Free Cash Flow	-976M	-10.17B	-19.01B	-32.99B	-36.82B
Change In Net Working Capital	4.84B	14.93B	20.35B	40.22B	45.59B
Net Debt Issued / Repaid	13.72B	7.15B	17.77B	24.33B	54.3B

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.73	4.94	4.74	4.77	4.59
Return on Total Capital	5.54	5.73	5.3	5.25	4.94
Return On Equity %	9.16	10.16	10.54	11.76	13.3
Return on Common Equity	9.16	10.16	10.54	11.76	13.3
Margin Analysis
Gross Profit Margin %	21.13	22.85	22.69	25.35	25.13
SG&A Margin	9.38	9.86	9.06	8.72	7.29
EBITDA Margin %	10.56	12.06	12.38	15.17	15.94
EBITA Margin %	10.17	11.63	11.91	14.53	15.39
EBIT Margin %	10.17	11.61	11.86	14.49	15.35
Income From Continuing Operations Margin %	6.53	7.28	7.69	9.36	9.85
Net Income Margin %	6.53	7.28	7.69	9.36	9.85
Net Avail. For Common Margin %	6.53	7.28	7.69	9.36	9.85
Normalized Net Income Margin	6.34	7.18	7.33	8.83	9.07
Levered Free Cash Flow Margin	-1.6	-13.87	-24.09	-41.5	-39.51
Unlevered Free Cash Flow Margin	-1.41	-13.63	-23.79	-41.1	-38.86
Asset Turnover
Asset Turnover	0.74	0.68	0.64	0.53	0.48
Fixed Assets Turnover	12.09	11.66	10.72	9.16	10.3
Receivables Turnover (Average Receivables)	40.82	26.75	38.61	40.46	33.37
Inventory Turnover (Average Inventory)	0.95	0.85	0.75	0.53	0.46
Short Term Liquidity
Current Ratio	3.42	3.94	3.17	4.23	4.42
Quick Ratio	1.2	1.15	0.71	0.52	0.7
Operating Cash Flow to Current Liabilities	-0	-0.35	-0.33	-0.87	-0.73
Days Sales Outstanding (Average Receivables)	8.94	13.64	9.45	9.05	10.94
Days Outstanding Inventory (Average Inventory)	384.96	429.16	489.32	687.41	788.92
Average Days Payable Outstanding	48.85	47.6	27.1	24.88	19.88
Cash Conversion Cycle (Average Days)	345.05	395.21	471.67	671.57	779.98
Long Term Solvency
Total Debt/Equity	73.23	80.12	102.27	129.54	191.77
Total Debt / Total Capital	42.27	44.48	50.56	56.43	65.73
LT Debt/Equity	48.46	56	57.99	96.51	141.78
Long-Term Debt / Total Capital	27.98	31.09	28.67	42.05	48.59
Total Liabilities / Total Assets	51.24	51.28	55.13	60.42	67.64
EBIT / Interest Expense	35.1	30.17	25.35	22.45	14.61
EBITDA / Interest Expense	36.42	31.35	26.46	23.51	15.16
(EBITDA - Capex) / Interest Expense	32.53	29.64	18.56	22.43	14.3
Total Debt / EBITDA	5.14	4.96	6.3	7.11	9.33
Net Debt / EBITDA	0.77	1.88	3.62	5.78	7.26
Total Debt / (EBITDA - Capex)	5.76	5.25	8.98	7.45	9.89
Net Debt / (EBITDA - Capex)	0.86	1.99	5.16	6.06	7.7
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.94	8.11	7.13	0.47	18.03
Gross Profit, 1 Yr. Growth %	-4.88	16.94	6.37	12.24	16.99
EBITDA, 1 Yr. Growth %	-10.45	23.53	9.99	23.06	24.01
EBITA, 1 Yr. Growth %	-11.7	23.62	9.67	22.59	25
EBIT, 1 Yr. Growth %	-11.7	23.38	9.48	22.68	25.08
Earnings From Cont. Operations, 1 Yr. Growth %	-11.12	20.46	13.25	22.3	24.1
Net Income, 1 Yr. Growth %	-11.12	20.46	13.25	22.3	24.1
Normalized Net Income, 1 Yr. Growth %	-12.48	22.47	9.26	21.1	21.17
Diluted EPS Before Extra, 1 Yr. Growth %	-11.12	20.47	13.25	22.3	24.1
Accounts Receivable, 1 Yr. Growth %	143.6	32.67	-69.81	213.44	-11.27
Inventory, 1 Yr. Growth %	18.92	17.03	26.98	42.94	31.56
Net Property, Plant and Equip., 1 Yr. Growth %	32.25	-3.18	36.93	3.35	6.64
Total Assets, 1 Yr. Growth %	30.29	9	18.85	24.35	34.37
Tangible Book Value, 1 Yr. Growth %	8.34	8.37	9.54	9.78	9.97
Common Equity, 1 Yr. Growth %	8.35	8.92	9.46	9.69	9.85
Cash From Operations, 1 Yr. Growth %	-99.92	104K	37.23	150.49	10.02
Capital Expenditures, 1 Yr. Growth %	-39.49	-36.94	502.86	-81.14	53.5
Levered Free Cash Flow, 1 Yr. Growth %	-91.29	839.75	86.01	73.09	12.39
Unlevered Free Cash Flow, 1 Yr. Growth %	-92.24	941.72	86.99	73.52	11.6
Dividend Per Share, 1 Yr. Growth %	0	0	125	66.67	23.33
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.84	10.01	7.62	3.74	8.9
Gross Profit, 2 Yr. CAGR %	1.59	5.47	11.53	9.27	14.59
EBITDA, 2 Yr. CAGR %	-0.23	5.18	16.57	16.34	23.53
EBITA, 2 Yr. CAGR %	-1.06	4.48	16.44	15.95	23.79
EBIT, 2 Yr. CAGR %	-1.06	4.38	16.22	15.89	23.87
Earnings From Cont. Operations, 2 Yr. CAGR %	0.36	3.47	16.8	17.69	23.2
Net Income, 2 Yr. CAGR %	0.36	3.47	16.8	17.69	23.2
Normalized Net Income, 2 Yr. CAGR %	-1.64	3.53	15.68	15.03	21.14
Diluted EPS Before Extra, 2 Yr. CAGR %	0.36	3.47	16.8	17.69	23.2
Accounts Receivable, 2 Yr. CAGR %	86.11	79.77	-36.71	-2.73	66.77
Inventory, 2 Yr. CAGR %	30.39	17.97	21.9	34.73	37.13
Net Property, Plant and Equip., 2 Yr. CAGR %	23.34	13.15	15.14	18.96	4.98
Total Assets, 2 Yr. CAGR %	24.5	19.17	13.82	21.57	29.27
Tangible Book Value, 2 Yr. CAGR %	9.38	8.35	8.96	9.66	9.87
Common Equity, 2 Yr. CAGR %	9.4	8.63	9.19	9.57	9.77
Cash From Operations, 2 Yr. CAGR %	-92.88	-7.16	3.68K	85.41	66.01
Capital Expenditures, 2 Yr. CAGR %	315.53	-38.22	94.98	6.62	-46.2
Levered Free Cash Flow, 2 Yr. CAGR %	-23.36	-9.52	318.1	79.44	39.48
Unlevered Free Cash Flow, 2 Yr. CAGR %	-26.7	-10.07	341.36	80.13	39.16
Dividend Per Share, 2 Yr. CAGR %	6.9	0	50	93.65	43.37
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	12.59	9.26	9.04	5.18	8.3
Gross Profit, 3 Yr. CAGR %	3.26	6.47	5.77	11.77	11.78
EBITDA, 3 Yr. CAGR %	1.83	7.14	6.76	18.69	18.84
EBITA, 3 Yr. CAGR %	1.3	6.57	6.18	18.45	18.89
EBIT, 3 Yr. CAGR %	1.3	6.5	6.05	18.34	18.88
Earnings From Cont. Operations, 3 Yr. CAGR %	1.52	6.66	6.63	18.61	19.79
Net Income, 3 Yr. CAGR %	1.52	6.66	6.63	18.61	19.79
Normalized Net Income, 3 Yr. CAGR %	1.46	5.82	5.41	17.46	17.04
Diluted EPS Before Extra, 3 Yr. CAGR %	1.52	6.66	6.63	18.61	19.79
Accounts Receivable, 3 Yr. CAGR %	71.4	66.25	-0.82	7.87	-5.66
Inventory, 3 Yr. CAGR %	27.45	25.77	20.9	28.55	33.66
Net Property, Plant and Equip., 3 Yr. CAGR %	13.36	13.77	20.58	11.07	14.7
Total Assets, 3 Yr. CAGR %	18.33	19.1	19.06	17.23	25.7
Tangible Book Value, 3 Yr. CAGR %	9.6	9.04	8.75	9.23	9.76
Common Equity, 3 Yr. CAGR %	9.62	9.24	8.91	9.36	9.67
Cash From Operations, 3 Yr. CAGR %	-76.36	74.06	5.76	1.43K	55.8
Capital Expenditures, 3 Yr. CAGR %	326.72	121.65	32.01	-10.5	20.39
Levered Free Cash Flow, 3 Yr. CAGR %	11.22	76.72	15.04	211.61	53.53
Unlevered Free Cash Flow, 3 Yr. CAGR %	4.25	77.55	14.79	223.33	53.56
Dividend Per Share, 3 Yr. CAGR %	10.06	4.55	31.04	55.36	66.61
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	13.19	13.68	10.58	7.02	8.98
Gross Profit, 5 Yr. CAGR %	10.24	9.99	6.5	7.58	9.21
EBITDA, 5 Yr. CAGR %	15.11	11.26	7.49	10.73	13.18
EBITA, 5 Yr. CAGR %	15.24	11.08	7.1	10.23	12.9
EBIT, 5 Yr. CAGR %	15.24	11.03	7.02	10.16	12.85
Earnings From Cont. Operations, 5 Yr. CAGR %	16.61	11.79	7.38	10.94	12.97
Net Income, 5 Yr. CAGR %	16.61	11.79	7.38	10.94	12.97
Normalized Net Income, 5 Yr. CAGR %	16.11	11.15	6.92	9.41	11.44
Diluted EPS Before Extra, 5 Yr. CAGR %	16.61	11.79	7.38	10.94	12.97
Accounts Receivable, 5 Yr. CAGR %	56.91	62.93	15.06	34.17	22.1
Inventory, 5 Yr. CAGR %	18.57	23.31	25.2	29.28	27.15
Net Property, Plant and Equip., 5 Yr. CAGR %	7.04	6.71	14.07	15.82	14.08
Total Assets, 5 Yr. CAGR %	12.85	13.94	16.5	20.08	23.04
Tangible Book Value, 5 Yr. CAGR %	9.72	9.68	9.34	9.29	9.2
Common Equity, 5 Yr. CAGR %	9.72	9.8	9.44	9.37	9.25
Cash From Operations, 5 Yr. CAGR %	-74.79	54.05	79.98	78.51	26.66
Capital Expenditures, 5 Yr. CAGR %	229.52	245.17	211.95	65.4	-7.81
Levered Free Cash Flow, 5 Yr. CAGR %	-34.14	55.29	88.89	77.8	24.26
Unlevered Free Cash Flow, 5 Yr. CAGR %	-35.86	52.73	85.67	78.58	23.98
Dividend Per Share, 5 Yr. CAGR %	9.86	9.86	24.57	33.78	35.84