Income Statement GSI Co., Ltd.

Stocks

5579

JP3386870004

IT Services & Consulting

Market Closed - Sapporo S.E. 02:08:30 2026-08-14 EDT			5-day change	1st Jan Change
1,329.00 ^JPY	+2.15%		+0.76%	+2.23%

23-12-27	Certain Common Stock of GSI Co., Ltd. are subject to a Lock-Up Agreement Ending on 28-DEC-2023.	CI
23-06-27	GSI Co., Ltd. has completed an IPO in the amount of Â¥405 million.	CI

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Published financial data: GSI CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2024	2025	2026
Revenues	4.02B	4.24B	4.63B
Total Revenues	4.02B	4.24B	4.63B
Cost of Goods Sold, Total	3.07B	3.2B	3.44B
Gross Profit	952M	1.04B	1.19B
Selling General & Admin Expenses, Total	525M	634M	694M
Provision for Bad Debts	-	3M	-2M
Other Operating Expenses, Total	525M	637M	692M
Operating Income	427M	405M	494M
Interest Expense, Total	-1M	-2M	-4M
Interest And Investment Income	4M	4M	24M
Net Interest Expenses	3M	2M	20M
Currency Exchange Gains (Loss)	-	-	-1M
Other Non Operating Income (Expenses)	-6M	9M	12M
EBT, Excl. Unusual Items	424M	416M	525M
Gain (Loss) On Sale Of Investments	16M	-	-2M
Asset Writedown	-	-24M	-
Other Unusual Items	-	-1M	-
EBT, Incl. Unusual Items	440M	391M	523M
Income Tax Expense	132M	128M	147M
Earnings From Continuing Operations	308M	263M	376M
Net Income to Company	308M	263M	376M
Net Income - (IS)	308M	263M	376M
Net Income to Common Incl Extra Items	308M	263M	376M
Net Income to Common Excl. Extra Items	308M	263M	376M
Per Share Items
Net EPS - Basic	159.63	131.5	188
Basic EPS - Continuing Operations	159.63	131.5	188
Basic Weighted Average Shares Outstanding	1.93M	2M	2M
Net EPS - Diluted	159.63	131.5	188
Diluted EPS - Continuing Operations	159.63	131.5	188
Diluted Weighted Average Shares Outstanding	1.93M	2M	2M
Normalized Basic EPS	137.34	130	164.06
Normalized Diluted EPS	137.34	130	164.06
Dividend Per Share	53	57	62
Payout Ratio	33.12	58.94	31.65
Supplemental Items
EBITDA	440M	425M	512M
EBITA	427M	405M	494M
EBIT	427M	405M	494M
Effective Tax Rate - (Ratio)	30	32.74	28.11
Normalized Net Income	265M	260M	328M
Non-Cash Pension Expense	11M	12M	13M
Supplemental Operating Expense Items
General and Administrative Expenses	57M	67M	-
Research And Development Expense From Footnotes	10M	-	-

Fiscal Period: March	2024	2025	2026
Assets
Cash And Equivalents	2.14B	1.45B	1.6B
Short Term Investments	100M	99M	99M
Total Cash And Short Term Investments	2.24B	1.55B	1.7B
Accounts Receivable, Total	434M	508M	511M
Total Receivables	434M	508M	511M
Inventory	9M	4M	7M
Other Current Assets, Total	104M	120M	63M
Total Current Assets	2.79B	2.18B	2.28B
Net Property Plant And Equipment	257M	274M	277M
Long-term Investments	76M	657M	942M
Other Intangibles, Total	1M	1M	-
Deferred Tax Assets Long-Term	82M	97M	105M
Other Long-Term Assets, Total	2M	2M	2M
Total Assets	3.21B	3.21B	3.6B
Liabilities
Accounts Payable, Total	60M	77M	81M
Accrued Expenses, Total	485M	463M	455M
Short-term Borrowings	50M	50M	-
Current Portion of Long-Term Debt	119M	94M	111M
Current Income Taxes Payable	76M	80M	95M
Other Current Liabilities	99M	130M	136M
Total Current Liabilities	889M	894M	878M
Long-Term Debt	220M	126M	284M
Other Non Current Liabilities	2M	6M	5M
Total Liabilities	1.11B	1.03B	1.17B
Common Stock, Total	292M	292M	292M
Additional Paid In Capital	198M	198M	198M
Retained Earnings	1.6B	1.71B	1.96B
Comprehensive Income and Other	6M	-8M	-17M
Total Common Equity	2.1B	2.19B	2.44B
Total Equity	2.1B	2.19B	2.44B
Total Liabilities And Equity	3.21B	3.21B	3.6B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2M	2M	2M
ECS Total Common Shares Outstanding	2M	2M	2M
Book Value / Share	1.05K	1.09K	1.22K
Tangible Book Value	2.09B	2.19B	2.44B
Tangible Book Value Per Share	1.05K	1.09K	1.22K
Total Debt	389M	270M	395M
Net Debt	-1.85B	-1.28B	-1.3B
Inventories - Work In Process, Total	9M	4M	7M
Full Time Employees	494	538	548
Accumulated Allowance for Doubtful Accounts (Supple)	-	3M	-
Order Backlog	66.5M	24.36M	14.34M

Fiscal Period: March	2024	2025	2026
Net Income	440M	391M	523M
Depreciation & Amortization - CF	13M	20M	18M
Depreciation & Amortization, Total	13M	20M	18M
(Gain) Loss From Sale Of Asset	-	24M	-
(Gain) Loss on Sale of Investments - (CF)	-15M	-	-
Other Operating Activities, Total	-159M	-127M	-140M
Change In Accounts Receivable	-69M	-91M	73M
Change In Inventories	-5M	5M	-3M
Change In Accounts Payable	35M	4M	7M
Change in Other Net Operating Assets	32M	17M	-16M
Cash from Operations	272M	243M	462M
Capital Expenditure	-33M	-51M	-21M
Investment in Marketable and Equity Securities, Total	-31M	-602M	-250M
Other Investing Activities, Total	-7M	-3M	-2M
Cash from Investing	-71M	-656M	-273M
Short Term Debt Issued, Total	50M	-	-
Long-Term Debt Issued, Total	200M	-	300M
Total Debt Issued	250M	-	300M
Short Term Debt Repaid, Total	-	-	-50M
Long-Term Debt Repaid, Total	-133M	-119M	-125M
Total Debt Repaid	-133M	-119M	-175M
Issuance of Common Stock	369M	-	-
Common Dividends Paid	-102M	-155M	-119M
Common & Preferred Stock Dividends Paid	-102M	-155M	-119M
Other Financing Activities, Total	-10M	-1M	-1M
Cash from Financing	374M	-275M	5M
Miscellaneous Cash Flow Adjustments	-1M	-1M	1M
Net Change in Cash	574M	-689M	195M
Supplemental Items
Cash Interest Paid	1M	2M	4M
Cash Income Tax Paid (Refund)	157M	131M	139M
Levered Free Cash Flow	-	166M	371M
Unlevered Free Cash Flow	-	167M	374M
Change In Net Working Capital	-	55M	-68M
Net Debt Issued / Repaid	117M	-119M	125M

Fiscal Period: March	2024	2025	2026
Profitability
Return on Assets	-	7.89	9.06
Return on Total Capital	-	10.24	11.68
Return On Equity %	-	12.28	16.26
Return on Common Equity	-	12.28	16.26
Margin Analysis
Gross Profit Margin %	23.67	24.57	25.62
SG&A Margin	13.05	14.95	14.99
EBITDA Margin %	10.94	10.02	11.06
EBITA Margin %	10.62	9.55	10.67
EBIT Margin %	10.62	9.55	10.67
Income From Continuing Operations Margin %	7.66	6.2	8.12
Net Income Margin %	7.66	6.2	8.12
Net Avail. For Common Margin %	7.66	6.2	8.12
Normalized Net Income Margin	6.59	6.13	7.09
Levered Free Cash Flow Margin	-	3.91	8.02
Unlevered Free Cash Flow Margin	-	3.94	8.07
Asset Turnover
Asset Turnover	-	1.32	1.36
Fixed Assets Turnover	-	15.97	16.8
Receivables Turnover (Average Receivables)	-	9	9.09
Inventory Turnover (Average Inventory)	-	492.15	626
Short Term Liquidity
Current Ratio	3.14	2.44	2.59
Quick Ratio	3.01	2.3	2.51
Operating Cash Flow to Current Liabilities	0.31	0.27	0.53
Days Sales Outstanding (Average Receivables)	-	40.54	40.17
Days Outstanding Inventory (Average Inventory)	-	0.74	0.58
Average Days Payable Outstanding	-	7.83	8.37
Cash Conversion Cycle (Average Days)	-	33.45	32.39
Long Term Solvency
Total Debt/Equity	18.57	12.34	16.22
Total Debt / Total Capital	15.66	10.98	13.95
LT Debt/Equity	10.5	5.76	11.66
Long-Term Debt / Total Capital	8.86	5.13	10.03
Total Liabilities / Total Assets	34.65	31.92	32.39
EBIT / Interest Expense	427	202.5	123.5
EBITDA / Interest Expense	440	212.5	128
(EBITDA - Capex) / Interest Expense	407	187	122.75
Total Debt / EBITDA	0.88	0.64	0.77
Net Debt / EBITDA	-4.21	-3.01	-2.54
Total Debt / (EBITDA - Capex)	0.96	0.72	0.8
Net Debt / (EBITDA - Capex)	-4.55	-3.43	-2.65
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	5.44	9.15
Gross Profit, 1 Yr. Growth %	-	9.45	13.82
EBITDA, 1 Yr. Growth %	-	-3.41	20.47
EBITA, 1 Yr. Growth %	-	-5.15	21.98
EBIT, 1 Yr. Growth %	-	-5.15	21.98
Earnings From Cont. Operations, 1 Yr. Growth %	-	-14.61	42.97
Net Income, 1 Yr. Growth %	-	-14.61	42.97
Normalized Net Income, 1 Yr. Growth %	-	-1.89	26.2
Diluted EPS Before Extra, 1 Yr. Growth %	-	-17.62	42.97
Accounts Receivable, 1 Yr. Growth %	-	17.05	0.59
Inventory, 1 Yr. Growth %	-	-55.56	75
Net Property, Plant and Equip., 1 Yr. Growth %	-	6.61	1.09
Total Assets, 1 Yr. Growth %	-	0.25	12.1
Tangible Book Value, 1 Yr. Growth %	-	4.44	11.39
Common Equity, 1 Yr. Growth %	-	4.44	11.33
Cash From Operations, 1 Yr. Growth %	-	-10.66	90.12
Capital Expenditures, 1 Yr. Growth %	-	54.55	-58.82
Levered Free Cash Flow, 1 Yr. Growth %	-	-	123.81
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	123.64
Dividend Per Share, 1 Yr. Growth %	-	7.55	8.77
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	7.28
Gross Profit, 2 Yr. CAGR %	-	-	11.62
EBITDA, 2 Yr. CAGR %	-	-	7.87
EBITA, 2 Yr. CAGR %	-	-	7.56
EBIT, 2 Yr. CAGR %	-	-	7.56
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	10.49
Net Income, 2 Yr. CAGR %	-	-	10.49
Normalized Net Income, 2 Yr. CAGR %	-	-	11.27
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	8.52
Accounts Receivable, 2 Yr. CAGR %	-	-	8.51
Inventory, 2 Yr. CAGR %	-	-	-11.81
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	3.82
Total Assets, 2 Yr. CAGR %	-	-	6.01
Tangible Book Value, 2 Yr. CAGR %	-	-	7.86
Common Equity, 2 Yr. CAGR %	-	-	7.83
Cash From Operations, 2 Yr. CAGR %	-	-	30.33
Capital Expenditures, 2 Yr. CAGR %	-	-	-20.23
Dividend Per Share, 2 Yr. CAGR %	-	-	8.16