Income Statement Innotech Corporation

Stocks

9880

JP3147800001

IT Services & Consulting

Delayed Japan Exchange 02:30:00 2026-09-10 EDT			5-day change	1st Jan Change
3,380.00 ^JPY	+1.20%		-2.17%	+60.95%

08-10	Innotech Corporation Provides Second Quarter-End Dividend Guidance for the Fiscal Year Ending March 31, 2027	CI
08-10	Innotech Corporation Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2027	CI

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Published financial data: INNOTECH CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Revenues	37.24B	38.63B	41.36B	41.98B	46.74B
Total Revenues	37.24B	38.63B	41.36B	41.98B	46.74B
Cost of Goods Sold, Total	26.02B	26.39B	28.2B	29.33B	32.49B
Gross Profit	11.22B	12.24B	13.16B	12.65B	14.24B
Selling General & Admin Expenses, Total	6.99B	7.85B	8.27B	8.45B	9B
R&D Expenses	1.64B	2.07B	2.42B	2.31B	2.08B
Other Operating Expenses	-	-	-	-	58M
Other Operating Expenses, Total	8.63B	9.92B	10.68B	10.76B	11.14B
Operating Income	2.59B	2.32B	2.47B	1.89B	3.11B
Interest Expense, Total	-	-	-95M	-129M	-157M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-	-	-95M	-129M	-157M
Income (Loss) On Equity Invest.	-	-	-	-	-168M
Currency Exchange Gains (Loss)	216M	112M	229M	-147M	104M
Other Non Operating Income (Expenses)	182M	48M	271M	141M	23M
EBT, Excl. Unusual Items	2.98B	2.48B	2.88B	1.75B	2.91B
Gain (Loss) On Sale Of Investments	-15M	-	-532M	-75M	437M
Gain (Loss) On Sale Of Assets	-	1M	1M	-	2.8B
Asset Writedown	-57M	-	-2M	-	-
Other Unusual Items	63M	1M	2M	339M	1M
EBT, Incl. Unusual Items	2.98B	2.48B	2.35B	2.02B	6.15B
Income Tax Expense	693M	767M	817M	713M	1.96B
Earnings From Continuing Operations	2.28B	1.71B	1.53B	1.3B	4.2B
Net Income to Company	2.28B	1.71B	1.53B	1.3B	4.2B
Minority Interest	-88M	-48M	-54M	-104M	-84M
Net Income - (IS)	2.19B	1.67B	1.48B	1.2B	4.11B
Net Income to Common Incl Extra Items	2.19B	1.67B	1.48B	1.2B	4.11B
Net Income to Common Excl. Extra Items	2.19B	1.67B	1.48B	1.2B	4.11B
Per Share Items
Net EPS - Basic	168.61	126.91	110.5	89.53	320.12
Basic EPS - Continuing Operations	168.61	126.91	110.5	89.53	320.12
Basic Weighted Average Shares Outstanding	13.01M	13.13M	13.37M	13.4M	12.84M
Net EPS - Diluted	163.21	123.68	109.46	89.14	318.67
Diluted EPS - Continuing Operations	163.21	123.68	109.46	89.14	318.67
Diluted Weighted Average Shares Outstanding	13.44M	13.47M	13.5M	13.46M	12.9M
Normalized Basic EPS	136.57	114.37	130.58	73.98	135.08
Normalized Diluted EPS	132.19	111.43	129.3	73.64	134.45
Dividend Per Share	65	70	70	70	75
Payout Ratio	35.14	55.1	63.03	78.67	22.43
Supplemental Items
EBITDA	3.87B	3.75B	3.99B	3.41B	4.53B
EBITA	2.82B	2.55B	2.7B	2.09B	3.24B
EBIT	2.59B	2.32B	2.47B	1.89B	3.11B
Effective Tax Rate - (Ratio)	23.29	30.91	34.8	35.35	31.79
Normalized Net Income	1.78B	1.5B	1.75B	992M	1.73B
Non-Cash Pension Expense	194M	49.07M	78.5M	-1.75M	12.41M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	1.64B	2.07B	2.42B	2.31B	2.08B

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Assets
Cash And Equivalents	6.66B	6.6B	8.88B	6.53B	8.53B
Total Cash And Short Term Investments	6.66B	6.6B	8.88B	6.53B	8.53B
Accounts Receivable, Total	8.77B	9.56B	10.03B	11.07B	13.52B
Total Receivables	8.77B	9.56B	10.03B	11.07B	13.52B
Inventory	6.1B	8.1B	9.18B	9.36B	9.83B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	1.66B	1.69B	2.22B	2.75B	2.95B
Total Current Assets	23.19B	25.96B	30.3B	29.71B	34.84B
Net Property Plant And Equipment	10.84B	11.46B	11.63B	10.59B	6.65B
Long-term Investments	3.66B	3.47B	3.33B	4.48B	3.91B
Goodwill	1.21B	1B	817M	638M	656M
Other Intangibles, Total	1.21B	1.23B	1.25B	1.23B	1.3B
Deferred Tax Assets Long-Term	420M	501M	498M	353M	694M
Other Long-Term Assets, Total	1M	2M	1M	2M	1M
Total Assets	40.54B	43.63B	47.83B	47.01B	48.05B
Liabilities
Accounts Payable, Total	2.33B	3.05B	2.78B	3.2B	3.55B
Accrued Expenses, Total	305M	323M	453M	603M	775M
Short-term Borrowings	5.17B	5.24B	9.48B	8.37B	3.12B
Current Portion of Long-Term Debt	480M	2.83B	660M	400M	600M
Current Income Taxes Payable	542M	439M	489M	426M	1.96B
Other Current Liabilities	4.78B	5.18B	6.4B	6.18B	9.06B
Total Current Liabilities	13.61B	17.07B	20.26B	19.17B	19.06B
Long-Term Debt	2.95B	1.07B	1.28B	850M	1.15B
Pension & Other Post Retirement Benefits	422M	475M	526M	472M	478M
Other Non Current Liabilities	389M	426M	446M	389M	246M
Total Liabilities	17.38B	19.04B	22.51B	20.88B	20.94B
Common Stock, Total	10.52B	10.52B	10.52B	10.52B	10.52B
Additional Paid In Capital	4.23B	4.24B	4.04B	4.07B	4.08B
Retained Earnings	7.95B	8.7B	9.24B	9.5B	12.68B
Treasury Stock	-681M	-651M	-275M	-676M	-2.71B
Comprehensive Income and Other	327M	927M	1.2B	2.04B	1.8B
Total Common Equity	22.34B	23.73B	24.72B	25.44B	26.37B
Minority Interest	824M	855M	596M	687M	743M
Total Equity	23.16B	24.59B	25.32B	26.13B	27.11B
Total Liabilities And Equity	40.54B	43.63B	47.83B	47.01B	48.05B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	13.11M	13.14M	13.46M	13.17M	12.14M
ECS Total Common Shares Outstanding	13.11M	13.14M	13.46M	13.17M	12.17M
Book Value / Share	1.7K	1.81K	1.84K	1.93K	2.17K
Tangible Book Value	19.92B	21.5B	22.66B	23.57B	24.41B
Tangible Book Value Per Share	1.52K	1.64K	1.68K	1.79K	2K
Total Debt	8.6B	9.14B	11.42B	9.62B	4.87B
Net Debt	1.94B	2.54B	2.54B	3.08B	-3.66B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-77.25M	-69.5M	-262M	-193M	-371M
Minority Interest, Total (Incl. Fin. Div)	824M	855M	596M	687M	743M
Inventories - Raw Materials, Total	1.38B	1.92B	2.19B	2.06B	1.91B
Inventories - Work In Process, Total	1.23B	1.35B	1.5B	1.24B	1.32B
Inventories - Finished Goods, Total	3.49B	4.84B	5.48B	6.05B	6.6B
Inventories - Others	1M	-	1M	2M	2M
Full Time Employees	1.64K	1.73K	1.78K	1.56K	1.62K
Accumulated Allowance for Doubtful Accounts (Supple)	5M	5M	1M	-	2M
Order Backlog	16.69B	19.04B	23.57B	21.5B	29.49B

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Net Income	2.98B	2.48B	2.35B	2.02B	6.15B
Depreciation & Amortization - CF	1.06B	1.2B	1.29B	1.32B	1.29B
Amortization of Goodwill and Intangible Assets - (CF)	230M	232M	230M	203M	134M
Depreciation & Amortization, Total	1.29B	1.43B	1.52B	1.52B	1.42B
(Gain) Loss From Sale Of Asset	57M	-	2M	-	-2.8B
(Gain) Loss on Sale of Investments - (CF)	15M	-	532M	75M	-437M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	168M
Other Operating Activities, Total	-992M	-976M	-856M	-804M	-600M
Change In Accounts Receivable	-49M	-730M	-235M	-812M	-2.22B
Change In Inventories	-949M	-1.95B	-999M	-599M	-453M
Change In Accounts Payable	285M	683M	-377M	348M	474M
Change in Other Net Operating Assets	110M	738M	687M	-34M	2.36B
Cash from Operations	2.74B	1.68B	2.62B	1.71B	4.06B
Capital Expenditure	-639M	-1.08B	-705M	-591M	-845M
Sale of Property, Plant, and Equipment	-	-	-	-	7.17B
Cash Acquisitions	-	-	-	-1.4B	-197M
Divestitures	41M	-	-	-	-
Sale (Purchase) of Intangible assets	-639M	-493M	-499M	-605M	-594M
Investment in Marketable and Equity Securities, Total	-65M	-315M	-141M	504M	335M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-92M	96M	-
Other Investing Activities, Total	152M	192M	-7M	1.58B	-79M
Cash from Investing	-1.15B	-1.69B	-1.44B	-410M	5.79B
Short Term Debt Issued, Total	454M	6M	4.06B	-	-
Long-Term Debt Issued, Total	-	1B	1B	-	1B
Total Debt Issued	454M	1.01B	5.06B	-	1B
Short Term Debt Repaid, Total	-	-	-	-1.27B	-5.36B
Long-Term Debt Repaid, Total	-521M	-531M	-2.96B	-690M	-500M
Total Debt Repaid	-521M	-531M	-2.96B	-1.96B	-5.86B
Repurchase of Common Stock	-	-	-	-432M	-2.12B
Common Dividends Paid	-771M	-918M	-931M	-944M	-922M
Common & Preferred Stock Dividends Paid	-771M	-918M	-931M	-944M	-922M
Other Financing Activities, Total	-62M	-74M	-352M	-43M	-52M
Cash from Financing	-900M	-517M	808M	-3.38B	-7.95B
Foreign Exchange Rate Adjustments	356M	183M	122M	178M	43M
Miscellaneous Cash Flow Adjustments	-	-	1M	1M	1M
Net Change in Cash	1.05B	-346M	2.11B	-1.9B	1.94B
Supplemental Items
Cash Interest Paid	32M	51M	88M	138M	161M
Cash Income Tax Paid (Refund)	961M	976M	863M	796M	595M
Levered Free Cash Flow	842M	-490M	854M	-47.62M	3.65B
Unlevered Free Cash Flow	842M	-490M	913M	33M	3.74B
Change In Net Working Capital	784M	1.8B	947M	1.47B	-1.82B
Net Debt Issued / Repaid	-67M	475M	2.09B	-1.96B	-4.86B

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Profitability
Return on Assets	4.13	3.44	3.38	2.49	4.09
Return on Total Capital	5.26	4.43	4.39	3.26	5.74
Return On Equity %	10.3	7.18	6.14	5.07	15.76
Return on Common Equity	10.27	7.23	6.1	4.78	15.87
Margin Analysis
Gross Profit Margin %	30.13	31.69	31.82	30.14	30.48
SG&A Margin	18.77	20.32	19.99	20.13	19.26
EBITDA Margin %	10.4	9.7	9.65	8.12	9.7
EBITA Margin %	7.56	6.6	6.54	4.98	6.94
EBIT Margin %	6.94	6	5.98	4.5	6.65
Income From Continuing Operations Margin %	6.13	4.44	3.7	3.11	8.98
Net Income Margin %	5.89	4.31	3.57	2.86	8.8
Net Avail. For Common Margin %	5.89	4.31	3.57	2.86	8.8
Normalized Net Income Margin	4.77	3.89	4.22	2.36	3.71
Levered Free Cash Flow Margin	2.26	-1.27	2.06	-0.11	7.8
Unlevered Free Cash Flow Margin	2.26	-1.27	2.21	0.08	8.01
Asset Turnover
Asset Turnover	0.95	0.92	0.9	0.89	0.98
Fixed Assets Turnover	3.46	3.46	3.58	3.78	5.42
Receivables Turnover (Average Receivables)	4.3	4.22	4.22	3.98	3.8
Inventory Turnover (Average Inventory)	4.78	3.72	3.26	3.16	3.39
Short Term Liquidity
Current Ratio	1.7	1.52	1.5	1.55	1.83
Quick Ratio	1.13	0.95	0.93	0.92	1.16
Operating Cash Flow to Current Liabilities	0.2	0.1	0.13	0.09	0.21
Days Sales Outstanding (Average Receivables)	84.85	86.59	86.7	91.75	96.02
Days Outstanding Inventory (Average Inventory)	76.41	98.25	112.18	115.35	107.78
Average Days Payable Outstanding	28.58	34.62	36.45	36.96	37.36
Cash Conversion Cycle (Average Days)	132.68	150.22	162.43	170.13	166.44
Long Term Solvency
Total Debt/Equity	37.13	37.19	45.1	36.8	17.97
Total Debt / Total Capital	27.08	27.11	31.08	26.9	15.24
LT Debt/Equity	12.75	4.36	5.06	3.25	4.24
Long-Term Debt / Total Capital	9.3	3.18	3.48	2.38	3.6
Total Liabilities / Total Assets	42.86	43.65	47.06	44.41	43.58
EBIT / Interest Expense	-	-	26.04	14.64	19.8
EBITDA / Interest Expense	-	-	42.02	26.41	28.87
(EBITDA - Capex) / Interest Expense	-	-	34.6	21.83	23.48
Total Debt / EBITDA	2.22	2.44	2.86	2.82	1.08
Net Debt / EBITDA	0.5	0.68	0.64	0.91	-0.81
Total Debt / (EBITDA - Capex)	2.66	3.42	3.47	3.41	1.32
Net Debt / (EBITDA - Capex)	0.6	0.95	0.77	1.1	-0.99
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.45	3.74	7.06	1.5	11.34
Gross Profit, 1 Yr. Growth %	12.72	9.1	7.5	-3.87	12.61
EBITDA, 1 Yr. Growth %	21.18	-3.25	6.51	-14.65	33.02
EBITA, 1 Yr. Growth %	27.77	-9.41	6	-22.67	55.05
EBIT, 1 Yr. Growth %	32.34	-10.32	6.68	-23.69	64.62
Earnings From Cont. Operations, 1 Yr. Growth %	40.09	-24.89	-10.68	-14.83	221.7
Net Income, 1 Yr. Growth %	43.02	-24.07	-11.34	-18.75	242.58
Normalized Net Income, 1 Yr. Growth %	23.24	-15.51	16.25	-43.19	74.94
Diluted EPS Before Extra, 1 Yr. Growth %	42.59	-24.22	-11.5	-18.56	257.49
Accounts Receivable, 1 Yr. Growth %	2.61	9.04	4.94	10.34	22.13
Inventory, 1 Yr. Growth %	27.29	32.85	13.28	1.9	5.12
Net Property, Plant and Equip., 1 Yr. Growth %	1.2	5.73	1.46	-8.92	-37.26
Total Assets, 1 Yr. Growth %	7.59	7.62	9.64	-1.72	2.21
Tangible Book Value, 1 Yr. Growth %	9.78	7.93	5.41	4.02	3.56
Common Equity, 1 Yr. Growth %	9.69	6.23	4.18	2.9	3.64
Cash From Operations, 1 Yr. Growth %	227.87	-38.71	56.01	-34.72	137.17
Capital Expenditures, 1 Yr. Growth %	-3.47	68.39	-34.48	-16.17	42.98
Levered Free Cash Flow, 1 Yr. Growth %	-473.09	-158.13	-274.39	-105.58	-7.76K
Unlevered Free Cash Flow, 1 Yr. Growth %	-473.09	-158.13	-286.52	-96.39	11.25K
Dividend Per Share, 1 Yr. Growth %	30	7.69	0	0	7.14
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.32	8.96	5.39	4.24	6.3
Gross Profit, 2 Yr. CAGR %	8.14	10.89	8.3	1.66	4.04
EBITDA, 2 Yr. CAGR %	16.34	8.28	1.51	-4.66	6.55
EBITA, 2 Yr. CAGR %	22.49	7.58	-2.01	-9.46	9.5
EBIT, 2 Yr. CAGR %	24.44	8.94	-2.19	-9.77	12.08
Earnings From Cont. Operations, 2 Yr. CAGR %	32.8	2.58	-18.09	-12.78	65.53
Net Income, 2 Yr. CAGR %	37.06	4.21	-17.95	-15.13	66.83
Normalized Net Income, 2 Yr. CAGR %	29.61	2.04	-0.89	-18.73	-0.3
Diluted EPS Before Extra, 2 Yr. CAGR %	45.34	3.95	-18.11	-15.1	70.63
Accounts Receivable, 2 Yr. CAGR %	8.94	5.78	6.97	7.6	16.08
Inventory, 2 Yr. CAGR %	25.49	30.04	22.67	7.43	3.5
Net Property, Plant and Equip., 2 Yr. CAGR %	1.3	3.44	3.57	-3.87	-24.41
Total Assets, 2 Yr. CAGR %	7.68	7.6	8.62	3.8	0.22
Tangible Book Value, 2 Yr. CAGR %	4.26	8.85	6.66	4.72	3.79
Common Equity, 2 Yr. CAGR %	6.51	7.95	5.2	3.54	3.27
Cash From Operations, 2 Yr. CAGR %	-6.21	41.76	-2.21	0.92	24.43
Capital Expenditures, 2 Yr. CAGR %	-2.99	27.49	5.04	-25.89	9.48
Levered Free Cash Flow, 2 Yr. CAGR %	-23.27	47.27	0.69	-68.81	106.65
Unlevered Free Cash Flow, 2 Yr. CAGR %	-23.27	47.27	4.13	-74.04	102.49
Dividend Per Share, 2 Yr. CAGR %	27.48	18.32	3.77	0	3.51
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.71	7.42	8.33	4.07	6.56
Gross Profit, 3 Yr. CAGR %	5.8	8.46	9.75	4.08	5.18
EBITDA, 3 Yr. CAGR %	9.76	9.41	7.68	-4.19	6.54
EBITA, 3 Yr. CAGR %	9.21	10.77	7.05	-9.45	8.32
EBIT, 3 Yr. CAGR %	9.77	11.56	8.18	-9.96	10.25
Earnings From Cont. Operations, 3 Yr. CAGR %	13.06	9.82	-2.05	-17.02	34.76
Net Income, 3 Yr. CAGR %	13.69	12.57	-1.25	-18.22	35.13
Normalized Net Income, 3 Yr. CAGR %	7.02	12.38	6.57	-17.67	4.93
Diluted EPS Before Extra, 3 Yr. CAGR %	22.18	16.98	-1.48	-18.26	37.09
Accounts Receivable, 3 Yr. CAGR %	5.68	8.97	5.5	8.08	12.24
Inventory, 3 Yr. CAGR %	15.87	27.9	24.19	15.31	6.66
Net Property, Plant and Equip., 3 Yr. CAGR %	1.49	2.76	2.78	-0.77	-16.62
Total Assets, 3 Yr. CAGR %	7.23	7.66	8.28	5.06	3.27
Tangible Book Value, 3 Yr. CAGR %	0.2	5.47	7.69	5.78	4.33
Common Equity, 3 Yr. CAGR %	1.62	6.42	6.68	4.43	3.57
Cash From Operations, 3 Yr. CAGR %	35.2	-18.61	46.36	-14.54	34.17
Capital Expenditures, 3 Yr. CAGR %	1.5	16.59	2.12	-2.57	-7.74
Levered Free Cash Flow, 3 Yr. CAGR %	293.01	-30.05	55.81	-61.62	95.28
Unlevered Free Cash Flow, 3 Yr. CAGR %	293.01	-30.05	59.34	-66.04	97.02
Dividend Per Share, 3 Yr. CAGR %	17.57	20.51	11.87	2.5	2.33
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.23	6.1	6.77	6.14	7.51
Gross Profit, 5 Yr. CAGR %	6.79	7.85	6.79	5.68	7.43
EBITDA, 5 Yr. CAGR %	17.01	12.49	6.38	3.55	7.23
EBITA, 5 Yr. CAGR %	18.21	11.49	4.58	2.18	8.02
EBIT, 5 Yr. CAGR %	20.93	13.25	4.82	2.48	9.73
Earnings From Cont. Operations, 5 Yr. CAGR %	22.45	17.54	-0.62	0.15	20.83
Net Income, 5 Yr. CAGR %	22.17	18.24	-0.22	0.54	21.79
Normalized Net Income, 5 Yr. CAGR %	18.57	16.09	3.78	-1.28	3.77
Diluted EPS Before Extra, 5 Yr. CAGR %	29.8	25.72	4.11	2.9	22.73
Accounts Receivable, 5 Yr. CAGR %	5.76	6.08	6.2	8.42	9.61
Inventory, 5 Yr. CAGR %	24.39	26.28	18.54	19.28	15.46
Net Property, Plant and Equip., 5 Yr. CAGR %	1.47	2.29	2.32	0.05	-9.11
Total Assets, 5 Yr. CAGR %	6.01	6.03	7.79	6.1	4.98
Tangible Book Value, 5 Yr. CAGR %	-2.64	-1.35	2.74	5.17	6.11
Common Equity, 5 Yr. CAGR %	-1.68	-0.63	3.04	5.26	5.3
Cash From Operations, 5 Yr. CAGR %	1.96	-3.51	18.77	-11.3	37.16
Capital Expenditures, 5 Yr. CAGR %	21.84	9.68	2.9	-2.74	5
Levered Free Cash Flow, 5 Yr. CAGR %	-15.26	-16.73	127.95	-49.36	74.44
Unlevered Free Cash Flow, 5 Yr. CAGR %	-15.26	-16.73	131.03	-52.95	75.37
Dividend Per Share, 5 Yr. CAGR %	34.08	18.47	11.84	11.84	8.45