Income Statement INES Corporation

Stocks

9742

JP3105000008

IT Services & Consulting

Delayed Japan Exchange 02:30:00 2026-09-09 EDT			5-day change	1st Jan Change
2,047.00 ^JPY	-1.11%		-11.46%	+4.81%

08-13	INES Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2027	CI
05-22	INES Corporation Proposes Dividend for the Fiscal Year Ended March 31, 2026, Payable on June 24, 2026	CI

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Published financial data: INES CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Revenues	40.03B	42.4B	40.56B	40.56B	36.62B
Total Revenues	40.03B	42.4B	40.56B	40.56B	36.62B
Cost of Goods Sold, Total	31.56B	32.31B	30.83B	30.85B	31.25B
Gross Profit	8.48B	10.1B	9.73B	9.72B	5.36B
Selling General & Admin Expenses, Total	5.19B	5.61B	6.42B	5.91B	5.77B
R&D Expenses	1.32B	689M	426M	266M	237M
Other Operating Expenses, Total	6.51B	6.3B	6.85B	6.18B	6.01B
Operating Income	1.96B	3.8B	2.88B	3.54B	-647M
Interest Expense, Total	-	-	-11M	-40M	-55M
Interest And Investment Income	68M	62M	79M	88M	102M
Net Interest Expenses	68M	62M	68M	48M	47M
Other Non Operating Income (Expenses)	29M	17M	-215M	22M	139M
EBT, Excl. Unusual Items	2.06B	3.88B	2.73B	3.61B	-461M
Gain (Loss) On Sale Of Investments	-72M	-	23M	-	-76M
Gain (Loss) On Sale Of Assets	-	-	-	18M	6M
Asset Writedown	-7M	-181M	-19M	-21M	-1.11B
Other Unusual Items	-55M	-1M	-64M	-93M	-
EBT, Incl. Unusual Items	1.93B	3.7B	2.67B	3.51B	-1.64B
Income Tax Expense	626M	1.16B	877M	1.08B	198M
Earnings From Continuing Operations	1.3B	2.54B	1.8B	2.44B	-1.84B
Net Income to Company	1.3B	2.54B	1.8B	2.44B	-1.84B
Net Income - (IS)	1.3B	2.54B	1.8B	2.44B	-1.84B
Net Income to Common Incl Extra Items	1.3B	2.54B	1.8B	2.44B	-1.84B
Net Income to Common Excl. Extra Items	1.3B	2.54B	1.8B	2.44B	-1.84B
Per Share Items
Net EPS - Basic	57.21	122.2	86.29	117.1	-88.56
Basic EPS - Continuing Operations	57.21	122.2	86.29	117.1	-88.56
Basic Weighted Average Shares Outstanding	22.72M	20.79M	20.8M	20.8M	20.81M
Net EPS - Diluted	57.21	122.2	86.29	117.1	-88.56
Diluted EPS - Continuing Operations	57.21	122.2	86.29	117.1	-88.56
Diluted Weighted Average Shares Outstanding	22.72M	20.79M	20.8M	20.8M	20.81M
Normalized Basic EPS	56.66	116.65	82.08	108.37	-13.84
Normalized Diluted EPS	56.66	116.65	82.08	108.37	-13.84
Dividend Per Share	40	45	50	55	50
Payout Ratio	81	32.7	57.77	42.65	-61.96
Supplemental Items
EBITDA	4.91B	5.85B	4.87B	5.45B	1.2B
EBITA	1.96B	3.8B	2.88B	3.54B	-647M
EBIT	1.96B	3.8B	2.88B	3.54B	-647M
Effective Tax Rate - (Ratio)	32.5	31.31	32.82	30.62	-12.04
Normalized Net Income	1.29B	2.43B	1.71B	2.25B	-288M
Non-Cash Pension Expense	124M	134M	33M	-17M	1M
Supplemental Operating Expense Items
Advertising Expense	219M	168M	358M	205M	238M
Selling and Marketing Expenses	219M	168M	358M	205M	238M
Research And Development Expense From Footnotes	1.32B	689M	426M	266M	237M

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Assets
Cash And Equivalents	9.94B	9.38B	6.48B	8.2B	8.49B
Short Term Investments	2.3B	2.3B	-	-	100M
Total Cash And Short Term Investments	12.24B	11.68B	6.48B	8.2B	8.59B
Accounts Receivable, Total	9.31B	11.94B	11.84B	15.46B	12.56B
Total Receivables	9.31B	11.94B	11.84B	15.46B	12.56B
Inventory	288M	334M	452M	454M	363M
Prepaid Expenses	436M	454M	431M	505M	572M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	44M	516M	1.08B	142M	134M
Total Current Assets	22.32B	24.92B	20.28B	24.76B	22.22B
Net Property Plant And Equipment	1.88B	1.6B	11.76B	11.65B	11.32B
Long-term Investments	15.45B	15.24B	15.71B	13.56B	9.33B
Other Intangibles, Total	2.68B	2.26B	2.52B	3.24B	3.37B
Deferred Tax Assets Long-Term	4.49B	4.49B	4.15B	3.51B	3.13B
Other Long-Term Assets, Total	1M	1M	1M	2M	2M
Total Assets	46.83B	48.52B	54.43B	56.73B	49.36B
Liabilities
Accounts Payable, Total	2.15B	2.01B	1.91B	2.64B	2.61B
Accrued Expenses, Total	2.28B	2.29B	2.34B	1.99B	1.88B
Short-term Borrowings	-	-	-	3B	-
Current Portion of Long-Term Debt	-	-	416M	833M	833M
Current Income Taxes Payable	728M	1.27B	994M	824M	199M
Other Current Liabilities	953M	844M	1.95B	677M	1.41B
Total Current Liabilities	6.12B	6.41B	7.6B	9.96B	6.93B
Long-Term Debt	-	-	4.58B	3.75B	2.92B
Pension & Other Post Retirement Benefits	5.8B	4.71B	3.5B	2.9B	1.64B
Other Non Current Liabilities	288M	1.11B	955M	921M	905M
Total Liabilities	12.21B	12.24B	16.64B	17.54B	12.4B
Common Stock, Total	15B	15B	15B	15B	15B
Additional Paid In Capital	14.59B	10.1B	10.1B	10.1B	10.11B
Retained Earnings	9.97B	11.68B	12.44B	13.84B	10.85B
Treasury Stock	-4.65B	-155M	-140M	-120M	-106M
Comprehensive Income and Other	-294M	-341M	392M	374M	1.12B
Total Common Equity	34.62B	36.29B	37.79B	39.19B	36.96B
Total Equity	34.62B	36.29B	37.79B	39.19B	36.96B
Total Liabilities And Equity	46.83B	48.52B	54.43B	56.73B	49.36B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	20.79M	20.8M	20.82M	20.8M	20.82M
ECS Total Common Shares Outstanding	20.79M	20.8M	20.8M	20.8M	20.81M
Book Value / Share	1.66K	1.74K	1.82K	1.88K	1.78K
Tangible Book Value	31.94B	34.02B	35.27B	35.95B	33.6B
Tangible Book Value Per Share	1.54K	1.64K	1.7K	1.73K	1.61K
Total Debt	0	0	5B	7.58B	3.75B
Net Debt	-12.24B	-11.68B	-1.48B	-623M	-4.84B
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.69B	4.61B	3.41B	2.87B	1.62B
Inventories - Raw Materials, Total	78M	66M	69M	55M	81M
Inventories - Work In Process, Total	210M	268M	383M	399M	282M
Full Time Employees	1.53K	1.45K	1.35K	1.25K	1.2K
Accumulated Allowance for Doubtful Accounts (Supple)	13M	16M	19M	15M	13M
Order Backlog	-	-	-	-	-

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Net Income	1.93B	3.7B	2.67B	3.51B	-1.64B
Depreciation & Amortization - CF	2.95B	2.05B	1.99B	1.92B	1.84B
Depreciation & Amortization, Total	2.95B	2.05B	1.99B	1.92B	1.84B
(Gain) Loss From Sale Of Asset	7M	181M	19M	21M	1.11B
(Gain) Loss on Sale of Investments - (CF)	72M	-	-5M	-	76M
Other Operating Activities, Total	186M	-810M	-1.26B	-759M	-238M
Change In Accounts Receivable	1.48B	-2.73B	42M	-3.61B	2.95B
Change In Inventories	318M	-45M	-117M	-2M	91M
Change In Accounts Payable	-175M	-146M	-297M	907M	44M
Change in Other Net Operating Assets	-338M	124M	-908M	-507M	-753M
Cash from Operations	6.43B	2.32B	2.14B	1.48B	3.48B
Capital Expenditure	-740M	-958M	-9.63B	-1.43B	-316M
Sale of Property, Plant, and Equipment	-	-	-	-	24M
Divestitures	-	-	30M	-	-
Sale (Purchase) of Intangible assets	-896M	-667M	-1.05B	-1.51B	-2.07B
Investment in Marketable and Equity Securities, Total	307M	-2M	1.3B	2.8B	4.12B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-93M	-418M	-638M	-145M	15M
Cash from Investing	-1.42B	-2.04B	-9.99B	-288M	1.78B
Short Term Debt Issued, Total	-	-	-	3B	-
Long-Term Debt Issued, Total	-	-	5B	-	-
Total Debt Issued	-	-	5B	3B	-
Short Term Debt Repaid, Total	-	-	-	-	-3B
Long-Term Debt Repaid, Total	-	-	-	-416M	-833M
Total Debt Repaid	-	-	-	-416M	-3.83B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-4.57B	-1M	-2M	-2M	-1M
Common Dividends Paid	-1.05B	-831M	-1.04B	-1.04B	-1.14B
Common & Preferred Stock Dividends Paid	-1.05B	-831M	-1.04B	-1.04B	-1.14B
Other Financing Activities, Total	-19M	-17M	-13M	-7M	-3M
Cash from Financing	-5.64B	-849M	3.95B	1.54B	-4.98B
Miscellaneous Cash Flow Adjustments	-	-	1M	-	1M
Net Change in Cash	-636M	-569M	-3.9B	2.73B	281M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	-234M	809M	1.26B	760M	241M
Levered Free Cash Flow	5.01B	-69.75M	-6.67B	-2.65B	1.92B
Unlevered Free Cash Flow	5.01B	-69.75M	-6.67B	-2.62B	1.95B
Change In Net Working Capital	-2.48B	2.87B	-215M	3.81B	-2.89B
Net Debt Issued / Repaid	-	-	5B	2.58B	-3.83B

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Profitability
Return on Assets	2.5	4.98	3.5	3.98	-0.76
Return on Total Capital	3.34	6.7	4.55	4.94	-0.92
Return On Equity %	3.54	7.17	4.85	6.33	-4.84
Return on Common Equity	3.54	7.17	4.85	6.33	-4.84
Margin Analysis
Gross Profit Margin %	21.18	23.81	23.99	23.95	14.65
SG&A Margin	12.96	13.22	15.84	14.58	15.77
EBITDA Margin %	12.27	13.81	12.01	13.45	3.27
EBITA Margin %	4.9	8.97	7.1	8.72	-1.77
EBIT Margin %	4.9	8.97	7.1	8.72	-1.77
Income From Continuing Operations Margin %	3.25	5.99	4.43	6.01	-5.03
Net Income Margin %	3.25	5.99	4.43	6.01	-5.03
Net Avail. For Common Margin %	3.25	5.99	4.43	6.01	-5.03
Normalized Net Income Margin	3.22	5.72	4.21	5.56	-0.79
Levered Free Cash Flow Margin	12.53	-0.16	-16.45	-6.52	5.24
Unlevered Free Cash Flow Margin	12.53	-0.16	-16.44	-6.46	5.33
Asset Turnover
Asset Turnover	0.82	0.89	0.79	0.73	0.69
Fixed Assets Turnover	21.11	24.38	6.07	3.46	3.19
Receivables Turnover (Average Receivables)	4.04	3.99	3.41	2.97	2.61
Inventory Turnover (Average Inventory)	56.3	103.88	78.44	68.09	76.51
Short Term Liquidity
Current Ratio	3.65	3.89	2.67	2.49	3.21
Quick Ratio	3.52	3.68	2.41	2.37	3.05
Operating Cash Flow to Current Liabilities	1.05	0.36	0.28	0.15	0.5
Days Sales Outstanding (Average Receivables)	90.34	91.47	107.3	122.8	139.65
Days Outstanding Inventory (Average Inventory)	6.48	3.51	4.67	5.36	4.77
Average Days Payable Outstanding	26.46	23.46	23.15	26.91	30.75
Cash Conversion Cycle (Average Days)	70.36	71.53	88.81	101.26	113.67
Long Term Solvency
Total Debt/Equity	-	-	13.23	19.35	10.14
Total Debt / Total Capital	-	-	11.68	16.21	9.21
LT Debt/Equity	-	-	12.13	9.57	7.89
Long-Term Debt / Total Capital	-	-	10.71	8.02	7.16
Total Liabilities / Total Assets	26.07	25.22	30.57	30.91	25.11
EBIT / Interest Expense	-	-	261.73	88.42	-11.76
EBITDA / Interest Expense	-	-	442.91	136.35	21.76
(EBITDA - Capex) / Interest Expense	-	-	-432.18	100.55	16.02
Total Debt / EBITDA	-	-	1.03	1.39	3.13
Net Debt / EBITDA	-2.49	-1.99	-0.3	-0.11	-4.04
Total Debt / (EBITDA - Capex)	-	-	-1.05	1.89	4.26
Net Debt / (EBITDA - Capex)	-2.94	-2.38	0.31	-0.15	-5.49
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-3.7	5.92	-4.36	0.01	-9.73
Gross Profit, 1 Yr. Growth %	-1.18	19.12	-3.64	-0.14	-44.8
EBITDA, 1 Yr. Growth %	-2.03	19.18	-16.77	11.95	-78.05
EBITA, 1 Yr. Growth %	-29.57	93.68	-24.28	22.86	-118.29
EBIT, 1 Yr. Growth %	-29.57	93.68	-24.28	22.86	-118.29
Earnings From Cont. Operations, 1 Yr. Growth %	-9.22	95.46	-29.36	35.71	-175.66
Net Income, 1 Yr. Growth %	-9.22	95.46	-29.36	35.71	-175.66
Normalized Net Income, 1 Yr. Growth %	-29.55	88.4	-29.61	32.03	-112.78
Diluted EPS Before Extra, 1 Yr. Growth %	-4.89	113.59	-29.39	35.71	-175.62
Accounts Receivable, 1 Yr. Growth %	-11.39	28.29	-0.9	30.6	-18.74
Inventory, 1 Yr. Growth %	-65.43	15.97	35.33	0.44	-20.04
Net Property, Plant and Equip., 1 Yr. Growth %	-1.88	-14.8	635.25	-0.94	-2.88
Total Assets, 1 Yr. Growth %	-8.65	3.62	12.17	4.23	-12.98
Tangible Book Value, 1 Yr. Growth %	-9.2	6.52	3.66	1.95	-6.56
Common Equity, 1 Yr. Growth %	-10.76	4.81	4.14	3.71	-5.68
Cash From Operations, 1 Yr. Growth %	235.26	-63.82	-7.87	-31	135.45
Capital Expenditures, 1 Yr. Growth %	107.28	29.46	904.8	-85.12	-77.93
Levered Free Cash Flow, 1 Yr. Growth %	-1.02K	-101.39	9.47K	-60.36	-172.48
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.02K	-101.39	9.46K	-60.69	-174.48
Dividend Per Share, 1 Yr. Growth %	0	12.5	11.11	10	-9.09
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-2.69	0.99	0.65	-2.19	-4.98
Gross Profit, 2 Yr. CAGR %	-3.78	8.5	7.14	-1.91	-25.76
EBITDA, 2 Yr. CAGR %	-4.2	8.05	-0.41	-3.48	-50.43
EBITA, 2 Yr. CAGR %	-17.78	16.8	21.1	-3.55	-52.59
EBIT, 2 Yr. CAGR %	-17.78	16.8	21.1	-3.55	-52.59
Earnings From Cont. Operations, 2 Yr. CAGR %	-20.62	33.21	17.51	-2.09	1.33
Net Income, 2 Yr. CAGR %	-20.62	33.21	17.51	-2.09	1.33
Normalized Net Income, 2 Yr. CAGR %	-16.53	15.21	15.16	-3.59	-58.92
Diluted EPS Before Extra, 2 Yr. CAGR %	-18.77	42.53	22.81	-2.11	1.31
Accounts Receivable, 2 Yr. CAGR %	-2.07	6.62	12.75	13.76	3.02
Inventory, 2 Yr. CAGR %	-47.43	-36.68	25.28	16.59	-10.38
Net Property, Plant and Equip., 2 Yr. CAGR %	-32.37	-8.57	150.28	169.88	-1.91
Total Assets, 2 Yr. CAGR %	-5.72	-2.71	7.81	8.12	-4.77
Tangible Book Value, 2 Yr. CAGR %	-3.18	-1.66	5.08	2.8	-2.4
Common Equity, 2 Yr. CAGR %	-4.39	-3.29	4.48	3.93	-1.1
Cash From Operations, 2 Yr. CAGR %	106.17	10.13	-42.27	-20.27	27.46
Capital Expenditures, 2 Yr. CAGR %	-21.76	63.81	260.67	22.26	-81.88
Levered Free Cash Flow, 2 Yr. CAGR %	98.09	-64.16	15.36	515.85	-46.4
Unlevered Free Cash Flow, 2 Yr. CAGR %	98.09	-64.16	15.3	512.93	-45.89
Dividend Per Share, 2 Yr. CAGR %	15.47	6.07	11.8	10.55	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.63	0.1	-0.82	0.44	-4.77
Gross Profit, 3 Yr. CAGR %	3.79	3.31	4.29	4.65	-19.02
EBITDA, 3 Yr. CAGR %	1.15	3.03	-0.95	3.55	-41.09
EBITA, 3 Yr. CAGR %	-3.3	9.4	1.09	21.69	-44.58
EBIT, 3 Yr. CAGR %	-3.3	9.4	1.09	21.69	-44.58
Earnings From Cont. Operations, 3 Yr. CAGR %	-4.49	7.19	7.82	23.29	-10.15
Net Income, 3 Yr. CAGR %	-4.49	7.19	7.82	23.29	-10.15
Normalized Net Income, 3 Yr. CAGR %	-2.64	9.49	-2.24	20.53	-50.84
Diluted EPS Before Extra, 3 Yr. CAGR %	0.17	12.12	12.78	26.97	-10.18
Accounts Receivable, 3 Yr. CAGR %	-0.03	7.16	4.05	18.41	1.69
Inventory, 3 Yr. CAGR %	-39.18	-31.56	-18.44	16.38	2.81
Net Property, Plant and Equip., 3 Yr. CAGR %	-56.02	-26.96	83.18	83.76	91.96
Total Assets, 3 Yr. CAGR %	-4.9	-2.7	2.02	6.6	0.57
Tangible Book Value, 3 Yr. CAGR %	-0.95	-0.05	0.09	4.02	-0.42
Common Equity, 3 Yr. CAGR %	-1.78	-1.41	-0.87	4.22	0.62
Cash From Operations, 3 Yr. CAGR %	13.95	15.42	3.77	-38.73	14.39
Capital Expenditures, 3 Yr. CAGR %	1.44	-7.46	199.87	24.62	-30.91
Levered Free Cash Flow, 3 Yr. CAGR %	4.9	-62.07	130.76	-19.2	201.79
Unlevered Free Cash Flow, 3 Yr. CAGR %	4.9	-62.07	130.68	-19.46	203.59
Dividend Per Share, 3 Yr. CAGR %	16.96	14.47	7.72	11.2	3.57
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.79	3.26	1.23	-0.82	-2.51
Gross Profit, 5 Yr. CAGR %	0.71	6.27	5.12	1.19	-8.97
EBITDA, 5 Yr. CAGR %	1.41	8.83	0.53	0.38	-24.91
EBITA, 5 Yr. CAGR %	-4.01	18.78	5.81	4.02	-25.33
EBIT, 5 Yr. CAGR %	-4.01	18.78	5.81	4.02	-25.33
Earnings From Cont. Operations, 5 Yr. CAGR %	-4.22	19.18	3.77	3.38	5.18
Net Income, 5 Yr. CAGR %	-4.22	19.18	3.77	3.38	5.18
Normalized Net Income, 5 Yr. CAGR %	-3.22	18.57	4.13	4.05	-30.89
Diluted EPS Before Extra, 5 Yr. CAGR %	-1.01	24.72	8.67	6.19	8.04
Accounts Receivable, 5 Yr. CAGR %	-2.44	4.09	4.9	9.75	3.64
Inventory, 5 Yr. CAGR %	-21.87	-25.89	-18.79	-15.31	-15.31
Net Property, Plant and Equip., 5 Yr. CAGR %	-40.23	-40.94	-11.82	23.2	42.68
Total Assets, 5 Yr. CAGR %	-3.73	-2.68	-0.01	1.49	-0.75
Tangible Book Value, 5 Yr. CAGR %	-2.05	-0.83	1.42	1.08	-0.91
Common Equity, 5 Yr. CAGR %	-1.84	-1.22	0.68	0.69	-0.96
Cash From Operations, 5 Yr. CAGR %	-2.4	-4.54	-13.19	-0.45	12.67
Capital Expenditures, 5 Yr. CAGR %	-2.39	-9.56	68.48	3.44	-2.41
Levered Free Cash Flow, 5 Yr. CAGR %	-1.08	0.92	8.97	15.66	28.69
Unlevered Free Cash Flow, 5 Yr. CAGR %	-1.08	1.11	8.94	15.44	29.15
Dividend Per Share, 5 Yr. CAGR %	17.32	17.61	14.87	12.89	4.56