Cash flow Future Corporation

Stocks

4722

JP3826200002

IT Services & Consulting

Delayed Japan Exchange 21:08:40 2026-09-15 EDT			5-day change	1st Jan Change
2,425.00 ^JPY	-0.04%		+0.17%	+22.29%

09-11	Future Corp Says Tender Offer Concluded, Key West Network to Become Parent	MT
09-09	Yasufumi Kanemaru completed the acquisition of 48.75% stake in Future Corporation in a management buyout transaction for approximately ¥110 billion.	CI

e.QEShJOPThH2eLU1hEHccKKhc336ygllop0KsYXqr1Dk.MhvjcIGmzjHvYBciQjhFcuQljwrdzSgZkQn2NSDxgEpyFcR8qaHJHv9LBA

Published financial data: FUTURE CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Revenues	48.7B	53.74B	59.32B	69.88B	75.99B
Total Revenues	48.7B	53.74B	59.32B	69.88B	75.99B
Cost of Goods Sold, Total	26.14B	27.08B	30.52B	36.18B	39.01B
Gross Profit	22.55B	26.66B	28.81B	33.7B	36.99B
Selling General & Admin Expenses, Total	12.55B	12.96B	13.34B	15.76B	16.98B
R&D Expenses	601M	980M	1.19B	1.29B	1.54B
Depreciation & Amortization - (IS)	366M	444M	418M	1.26B	1.27B
Amortization of Goodwill and Intangible Assets - (IS)	39M	44M	163M	731M	1.02B
Other Operating Expenses, Total	13.55B	14.43B	15.11B	19.03B	20.81B
Operating Income	9B	12.23B	13.7B	14.67B	16.18B
Interest Expense, Total	-	-	-	-152M	-172M
Interest And Investment Income	231M	338M	317M	319M	356M
Net Interest Expenses	231M	338M	317M	167M	184M
Income (Loss) On Equity Invest.	30M	61M	46M	193M	203M
Currency Exchange Gains (Loss)	-2M	-30M	-	65M	9M
Other Non Operating Income (Expenses)	30M	-22M	23M	-289M	-64M
EBT, Excl. Unusual Items	9.29B	12.58B	14.09B	14.8B	16.51B
Gain (Loss) On Sale Of Investments	-17M	692M	-490M	710M	902M
Gain (Loss) On Sale Of Assets	-	-3M	-	-	-12M
Asset Writedown	-88M	-	-404M	-196M	-140M
Legal Settlements	-	-	-	-	-
Other Unusual Items	0	-	-	-319M	-
EBT, Incl. Unusual Items	9.18B	13.26B	13.19B	15B	17.26B
Income Tax Expense	2.79B	4.03B	3.97B	4.68B	5.55B
Earnings From Continuing Operations	6.4B	9.24B	9.22B	10.32B	11.71B
Net Income to Company	6.4B	9.24B	9.22B	10.32B	11.71B
Minority Interest	-27M	-	-	-	-
Net Income - (IS)	6.37B	9.24B	9.22B	10.32B	11.71B
Net Income to Common Incl Extra Items	6.37B	9.24B	9.22B	10.32B	11.71B
Net Income to Common Excl. Extra Items	6.37B	9.24B	9.22B	10.32B	11.71B
Per Share Items
Net EPS - Basic	71.96	104.31	104.11	116.49	132.1
Basic EPS - Continuing Operations	71.96	104.31	104.11	116.49	132.1
Basic Weighted Average Shares Outstanding	88.51M	88.55M	88.57M	88.61M	88.66M
Net EPS - Diluted	71.96	104.31	104.11	116.49	132.1
Diluted EPS - Continuing Operations	71.96	104.31	104.11	116.49	132.1
Diluted Weighted Average Shares Outstanding	88.51M	88.55M	88.57M	88.61M	88.66M
Normalized Basic EPS	65.29	88.77	99.4	104.42	116.38
Normalized Diluted EPS	65.29	88.77	99.4	104.42	116.38
Dividend Per Share	25.5	37	40	42	46
Payout Ratio	29.86	29.84	38.41	35.19	33.3
Supplemental Items
EBITDA	10.15B	13.47B	15.01B	17.43B	19.6B
EBITA	9.13B	12.27B	13.86B	15.4B	17.2B
EBIT	9B	12.23B	13.7B	14.67B	16.18B
EBITDAR	11.24B	14.42B	15.94B	18.59B	20.94B
Effective Tax Rate - (Ratio)	30.36	30.37	30.11	31.18	32.14
Normalized Net Income	5.78B	7.86B	8.8B	9.25B	10.32B
Non-Cash Pension Expense	-	-	-	40M	292M
Supplemental Operating Expense Items
General and Administrative Expenses	571M	567M	639M	831M	894M
Research And Development Expense From Footnotes	601M	980M	1.19B	1.29B	1.54B
Net Rental Expense, Total	1.1B	945M	933M	1.16B	1.34B
Imputed Operating Lease Interest Expense	-	-	-	-	112M
Imputed Operating Lease Depreciation	-	-	-	-	1.23B

Fiscal Period: December	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Assets
Cash And Equivalents	20.53B	26.65B	28.02B	32.37B	32.8B
Short Term Investments	1.9B	1B	200M	-	-
Total Cash And Short Term Investments	22.43B	27.65B	28.22B	32.37B	32.8B
Accounts Receivable, Total	7.22B	8.55B	10.19B	15.21B	21.68B
Other Receivables	-	-	-	-	-
Total Receivables	7.22B	8.55B	10.19B	15.21B	21.68B
Inventory	1.24B	1.14B	1.19B	845M	544M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	1.23B	1.5B	4.64B	2.36B	2.34B
Total Current Assets	32.11B	38.84B	44.24B	50.79B	57.37B
Net Property Plant And Equipment	1.16B	1.08B	1.02B	1.03B	2.6B
Long-term Investments	19.06B	14.28B	15.1B	14.74B	14.26B
Goodwill	10M	661M	1.08B	11.17B	10.47B
Other Intangibles, Total	2.13B	3B	4.6B	14.33B	12.79B
Deferred Tax Assets Long-Term	19M	-	-	-	-
Other Long-Term Assets, Total	-	1M	-	1M	1M
Total Assets	54.48B	57.86B	66.04B	92.05B	97.49B
Liabilities
Accounts Payable, Total	913M	1.07B	1.1B	1.24B	1.44B
Accrued Expenses, Total	243M	250M	277M	293M	331M
Current Portion of Long-Term Debt	-	-	-	2.86B	2.86B
Current Income Taxes Payable	3.71B	4.09B	4.19B	6.12B	6.99B
Other Current Liabilities	3.04B	4.45B	5.28B	5.37B	5.44B
Total Current Liabilities	7.91B	9.86B	10.84B	15.87B	17.05B
Long-Term Debt	-	-	-	15B	12.14B
Deferred Tax Liability Non Current	4.28B	2.68B	3.32B	5.25B	4.67B
Other Non Current Liabilities	498M	489M	490M	432M	871M
Total Liabilities	12.68B	13.03B	14.66B	36.56B	34.74B
Common Stock, Total	4B	4B	4B	4B	4B
Additional Paid In Capital	-	37M	84M	146M	219M
Retained Earnings	29.3B	35.86B	41.54B	48.23B	56.04B
Treasury Stock	-2.22B	-2.21B	-2.2B	-2.19B	-2.17B
Comprehensive Income and Other	10.72B	7.14B	7.97B	5.3B	4.67B
Total Common Equity	41.8B	44.83B	51.39B	55.49B	62.75B
Minority Interest	-	-	-	-	-
Total Equity	41.8B	44.83B	51.39B	55.49B	62.75B
Total Liabilities And Equity	54.48B	57.86B	66.04B	92.05B	97.49B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	88.53M	88.56M	88.58M	88.63M	88.68M
ECS Total Common Shares Outstanding	88.53M	88.56M	88.58M	88.63M	88.68M
Book Value / Share	472.19	506.19	580.09	626.09	707.68
Tangible Book Value	39.66B	41.17B	45.7B	29.99B	39.5B
Tangible Book Value Per Share	448.04	464.87	515.93	338.42	445.39
Total Debt	0	0	0	17.86B	15B
Net Debt	-22.43B	-27.65B	-28.22B	-14.52B	-17.8B
Debt Equivalent Oper. Leases	8.77B	7.56B	7.46B	9.3B	10.74B
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Inventories - Work In Process, Total	9M	22M	31M	20M	21M
Inventories - Finished Goods, Total	1.23B	1.12B	1.16B	825M	523M
Inventories - Others	-	-	-	-	-
Full Time Employees	2.45K	2.67K	2.95K	3.5K	3.62K
Accumulated Allowance for Doubtful Accounts (Supple)	3M	3M	3M	-	24M
Order Backlog	11.94B	14.81B	18.26B	17.73B	18.95B

Fiscal Period: December	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Net Income	9.18B	13.27B	13.19B	15B	17.26B
Depreciation & Amortization - CF	1.02B	1.2B	1.15B	2.03B	2.4B
Amortization of Goodwill and Intangible Assets - (CF)	128M	44M	163M	731M	1.02B
Depreciation & Amortization, Total	1.15B	1.24B	1.31B	2.76B	3.42B
(Gain) Loss From Sale Of Asset	-	-	404M	196M	152M
(Gain) Loss on Sale of Investments - (CF)	16M	-692M	490M	-711M	-902M
(Income) Loss On Equity Investments - (CF)	-30M	-61M	-46M	-193M	-203M
Other Operating Activities, Total	-1.45B	-3.96B	-6.3B	-1.61B	-5.92B
Change In Accounts Receivable	722M	-1.27B	-1.52B	-4.08B	-6.5B
Change In Inventories	-148M	111M	4M	33M	301M
Change In Accounts Payable	67M	435M	-265M	-102M	680M
Change in Other Net Operating Assets	100M	1.1B	299M	-610M	369M
Cash from Operations	9.61B	10.17B	7.57B	10.68B	8.66B
Capital Expenditure	-275M	-76M	-166M	-396M	-1.65B
Cash Acquisitions	-	-509M	-1.41B	-19.02B	-
Divestitures	32M	-	-	-	-
Sale (Purchase) of Intangible assets	-748M	-1.69B	-1.34B	-752M	-384M
Investment in Marketable and Equity Securities, Total	-938M	1.26B	-105M	-70M	651M
Other Investing Activities, Total	240M	5M	-13M	-167M	-10M
Cash from Investing	-1.69B	-1.01B	-3.03B	-20.41B	-1.39B
Short Term Debt Issued, Total	-	-	-	-	39M
Long-Term Debt Issued, Total	-	-	-	20B	-
Total Debt Issued	-	-	-	20B	39M
Short Term Debt Repaid, Total	-	-13M	-117M	-	-
Long-Term Debt Repaid, Total	-3M	-74M	-39M	-2.14B	-2.86B
Total Debt Repaid	-3M	-87M	-156M	-2.14B	-2.86B
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-1.9B	-2.76B	-3.54B	-3.63B	-3.9B
Common & Preferred Stock Dividends Paid	-1.9B	-2.76B	-3.54B	-3.63B	-3.9B
Other Financing Activities, Total	-593M	-174M	-200M	-414M	-168M
Cash from Financing	-2.5B	-3.02B	-3.9B	13.81B	-6.88B
Foreign Exchange Rate Adjustments	-3M	-26M	22M	69M	37M
Miscellaneous Cash Flow Adjustments	-2M	-1M	-	1M	-
Net Change in Cash	5.42B	6.12B	663M	4.16B	425M
Supplemental Items
Cash Interest Paid	-	-	1M	149M	172M
Cash Income Tax Paid (Refund)	1.45B	3.97B	6.31B	1.63B	5.94B
Levered Free Cash Flow	7.82B	7.57B	4.52B	10.47B	6.41B
Unlevered Free Cash Flow	7.82B	7.57B	4.52B	10.57B	6.52B
Change In Net Working Capital	-2.08B	-453M	3.86B	215M	4.98B
Net Debt Issued / Repaid	-3M	-87M	-156M	17.86B	-2.82B

Fiscal Period: December	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Profitability
Return on Assets	10.79	13.61	13.82	11.6	10.67
Return on Total Capital	14.06	17.65	17.8	14.7	13.38
Return On Equity %	15.98	21.32	19.17	19.32	19.81
Return on Common Equity	15.93	21.32	19.17	19.32	19.81
Margin Analysis
Gross Profit Margin %	46.31	49.6	48.56	48.23	48.67
SG&A Margin	25.76	24.11	22.48	22.55	22.34
EBITDA Margin %	20.83	25.07	25.3	24.95	25.79
EBITA Margin %	18.74	22.84	23.37	22.04	22.63
EBIT Margin %	18.48	22.76	23.1	20.99	21.29
Income From Continuing Operations Margin %	13.13	17.19	15.54	14.77	15.41
Net Income Margin %	13.08	17.19	15.54	14.77	15.41
Net Avail. For Common Margin %	13.08	17.19	15.54	14.77	15.41
Normalized Net Income Margin	11.87	14.63	14.84	13.24	13.58
Levered Free Cash Flow Margin	16.07	14.09	7.61	14.99	8.44
Unlevered Free Cash Flow Margin	16.07	14.09	7.61	15.12	8.58
Asset Turnover
Asset Turnover	0.93	0.96	0.96	0.88	0.8
Fixed Assets Turnover	41.75	48.13	56.55	68.21	41.9
Receivables Turnover (Average Receivables)	6.45	6.82	6.33	5.5	4.12
Inventory Turnover (Average Inventory)	22.44	22.79	26.21	35.54	56.16
Short Term Liquidity
Current Ratio	4.06	3.94	4.08	3.2	3.36
Quick Ratio	3.75	3.67	3.54	3	3.19
Operating Cash Flow to Current Liabilities	1.22	1.03	0.7	0.67	0.51
Days Sales Outstanding (Average Receivables)	56.58	53.53	57.64	66.52	88.59
Days Outstanding Inventory (Average Inventory)	16.26	16.02	13.93	10.3	6.5
Average Days Payable Outstanding	13.47	13.39	12.91	11.93	12.63
Cash Conversion Cycle (Average Days)	59.37	56.16	58.66	64.89	82.46
Long Term Solvency
Total Debt/Equity	-	-	-	32.18	23.9
Total Debt / Total Capital	-	-	-	24.35	19.29
LT Debt/Equity	-	-	-	27.03	19.35
Long-Term Debt / Total Capital	-	-	-	20.45	15.62
Total Liabilities / Total Assets	23.28	22.52	22.19	39.72	35.63
EBIT / Interest Expense	-	-	-	96.5	94.05
EBITDA / Interest Expense	-	-	-	114.68	113.93
(EBITDA - Capex) / Interest Expense	-	-	-	112.08	104.35
Total Debt / EBITDA	-	-	-	1.02	0.77
Net Debt / EBITDA	-2.21	-2.05	-1.88	-0.83	-0.91
Total Debt / (EBITDA - Capex)	-	-	-	1.05	0.84
Net Debt / (EBITDA - Capex)	-2.27	-2.06	-1.9	-0.85	-0.99
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.9	10.35	10.39	17.79	8.75
Gross Profit, 1 Yr. Growth %	24.84	18.19	8.07	16.99	9.75
EBITDA, 1 Yr. Growth %	59.13	32.8	11.41	16.13	12.41
EBITA, 1 Yr. Growth %	73.08	34.45	12.96	11.07	11.7
EBIT, 1 Yr. Growth %	71.92	35.88	12.04	7.06	10.29
Earnings From Cont. Operations, 1 Yr. Growth %	66.22	44.4	-0.16	11.94	13.47
Net Income, 1 Yr. Growth %	67.83	45.01	-0.16	11.94	13.47
Normalized Net Income, 1 Yr. Growth %	72.75	36.02	12.01	5.09	11.52
Diluted EPS Before Extra, 1 Yr. Growth %	68.35	44.96	-0.19	11.89	13.41
Accounts Receivable, 1 Yr. Growth %	-8.43	18.41	19.26	49.22	42.57
Inventory, 1 Yr. Growth %	13.57	-8.15	4.66	-29.05	-35.62
Net Property, Plant and Equip., 1 Yr. Growth %	-1.95	-6.67	-5.38	0.88	152.48
Total Assets, 1 Yr. Growth %	9.35	6.19	14.15	39.38	5.91
Tangible Book Value, 1 Yr. Growth %	10.1	3.79	11.02	-34.37	31.68
Common Equity, 1 Yr. Growth %	9.5	7.24	14.64	7.98	13.09
Cash From Operations, 1 Yr. Growth %	115.88	5.86	-25.61	41.16	-18.9
Capital Expenditures, 1 Yr. Growth %	127.27	-72.36	118.42	138.55	316.16
Levered Free Cash Flow, 1 Yr. Growth %	139.38	-3.23	-40.37	131.96	-38.77
Unlevered Free Cash Flow, 1 Yr. Growth %	139.38	-3.23	-40.37	134.07	-38.3
Dividend Per Share, 1 Yr. Growth %	27.5	45.1	8.11	5	9.52
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.58	10.12	10.37	14.03	13.18
Gross Profit, 2 Yr. CAGR %	10.4	21.47	13.02	12.44	13.31
EBITDA, 2 Yr. CAGR %	16.12	45.37	21.63	13.74	14.26
EBITA, 2 Yr. CAGR %	18.2	52.55	23.24	12.01	11.39
EBIT, 2 Yr. CAGR %	17.46	52.84	23.38	9.52	8.66
Earnings From Cont. Operations, 2 Yr. CAGR %	18.26	54.93	20.07	5.72	12.7
Net Income, 2 Yr. CAGR %	18.22	56	20.32	5.72	12.7
Normalized Net Income, 2 Yr. CAGR %	17.62	53.29	23.43	8.5	8.26
Diluted EPS Before Extra, 2 Yr. CAGR %	18.83	56.21	20.28	5.68	12.65
Accounts Receivable, 2 Yr. CAGR %	0.93	4.13	18.84	33.4	45.85
Inventory, 2 Yr. CAGR %	-4.09	2.13	-1.96	-13.83	-32.42
Net Property, Plant and Equip., 2 Yr. CAGR %	-8.68	-4.34	-6.03	-2.3	59.6
Total Assets, 2 Yr. CAGR %	18.14	7.76	10.1	26.13	21.5
Tangible Book Value, 2 Yr. CAGR %	19.42	6.9	7.34	-14.64	-7.04
Common Equity, 2 Yr. CAGR %	17.46	8.36	10.87	11.26	10.51
Cash From Operations, 2 Yr. CAGR %	38.62	51.17	-11.26	2.47	7
Capital Expenditures, 2 Yr. CAGR %	-27.42	-20.75	-22.31	128.27	215.08
Levered Free Cash Flow, 2 Yr. CAGR %	43.22	52.2	-24.04	17.61	19.18
Unlevered Free Cash Flow, 2 Yr. CAGR %	43.16	52.2	-24.04	18.14	20.17
Dividend Per Share, 2 Yr. CAGR %	19.02	36.01	25.24	6.54	7.24
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.59	5.79	10.21	12.79	12.24
Gross Profit, 3 Yr. CAGR %	10.81	12.94	16.83	14.33	11.54
EBITDA, 3 Yr. CAGR %	12.26	21.44	33.03	19.77	13.3
EBITA, 3 Yr. CAGR %	12.58	23.39	38.01	19.04	11.91
EBIT, 3 Yr. CAGR %	15.61	23.31	37.81	17.68	9.77
Earnings From Cont. Operations, 3 Yr. CAGR %	15.81	26.4	33.82	17.3	8.24
Net Income, 3 Yr. CAGR %	15.87	26.55	34.44	17.46	8.24
Normalized Net Income, 3 Yr. CAGR %	15.42	23.46	38.07	16.99	9.49
Diluted EPS Before Extra, 3 Yr. CAGR %	16.26	26.97	34.54	17.42	8.19
Accounts Receivable, 3 Yr. CAGR %	5.02	6.45	8.95	28.2	36.39
Inventory, 3 Yr. CAGR %	6.84	-5.47	2.97	-11.98	-21.81
Net Property, Plant and Equip., 3 Yr. CAGR %	5.85	-8.01	-4.69	-3.78	34.07
Total Assets, 3 Yr. CAGR %	13.33	14.01	9.85	19.1	19
Tangible Book Value, 3 Yr. CAGR %	15.98	13.96	8.25	-8.89	-1.37
Common Equity, 3 Yr. CAGR %	14.28	13.95	10.41	9.9	11.87
Cash From Operations, 3 Yr. CAGR %	6.46	26.7	19.35	3.59	-5.21
Capital Expenditures, 3 Yr. CAGR %	28.37	-47.39	11.12	12.92	178.86
Levered Free Cash Flow, 3 Yr. CAGR %	8.41	25.68	11.37	10.21	-5.39
Unlevered Free Cash Flow, 3 Yr. CAGR %	8.38	25.64	11.37	10.54	-4.86
Dividend Per Share, 3 Yr. CAGR %	16.81	27.15	25.99	18.1	7.53
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.67	8.18	8.08	9.01	11.39
Gross Profit, 5 Yr. CAGR %	10.94	12.58	11.69	12.74	15.41
EBITDA, 5 Yr. CAGR %	16.74	19.02	15.92	18.3	25.18
EBITA, 5 Yr. CAGR %	16.46	20.5	16.73	18.71	26.67
EBIT, 5 Yr. CAGR %	19.83	22.36	18.66	17.59	25.31
Earnings From Cont. Operations, 5 Yr. CAGR %	23.93	19.69	17.49	17.68	24.93
Net Income, 5 Yr. CAGR %	23.6	19.86	17.63	17.77	25.28
Normalized Net Income, 5 Yr. CAGR %	20.62	21.69	18.56	17.24	25.27
Diluted EPS Before Extra, 5 Yr. CAGR %	23.85	20.1	17.85	17.98	25.32
Accounts Receivable, 5 Yr. CAGR %	11.24	7.75	10.34	16.51	22.43
Inventory, 5 Yr. CAGR %	7.7	4.01	3.23	-8.9	-12.99
Net Property, Plant and Equip., 5 Yr. CAGR %	23.14	1.82	0.93	-5.77	17.14
Total Assets, 5 Yr. CAGR %	18.76	12.21	12.02	18.71	14.37
Tangible Book Value, 5 Yr. CAGR %	19.03	14.58	12.44	1.52	1.86
Common Equity, 5 Yr. CAGR %	19.3	13.31	12.91	12.87	10.45
Cash From Operations, 5 Yr. CAGR %	24.08	32.85	-1.02	16.39	14.24
Capital Expenditures, 5 Yr. CAGR %	16.71	-35.77	5.01	-5.38	68.59
Levered Free Cash Flow, 5 Yr. CAGR %	20.89	158.88	-5.97	22.38	14.43
Unlevered Free Cash Flow, 5 Yr. CAGR %	20.86	162.5	-5.98	22.59	14.81
Dividend Per Share, 5 Yr. CAGR %	15.33	23.27	20.11	18.47	18.13