Cash flow LANDNET Inc.

Stocks

2991

JP3968860001

Real Estate Development & Operations

Market Closed - Japan Exchange 02:30:00 2026-08-13 EDT			5-day change	1st Jan Change
561.00 ^JPY	-0.53%		+0.72%	-17.62%

22-01-15

Certain Common Stock of LANDNET Inc. are subject to a Lock-Up Agreement Ending on 16-JAN-2022.

535c1ab966e79e701f81.E0Xn6pBY25r55mnJoKRqCYjbhsT7kzMs0iARNPFapIk.STa0ruYQjuOogzb6_8xTW-6rsr7J-3RKpxV5XKcU3dxgLrOh4i3uyZ6ABg

Published financial data: LANDNET INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: July	2021	2022	2023	2024	2025
Revenues	41.16B	51.87B	63.65B	77.79B	95.99B
Total Revenues	41.16B	51.87B	63.65B	77.79B	95.99B
Cost of Goods Sold, Total	35.28B	44.42B	54.69B	65.92B	80.79B
Gross Profit	5.89B	7.45B	8.96B	11.88B	15.2B
Selling General & Admin Expenses, Total	4.66B	5.94B	7.44B	9.09B	11.46B
Provision for Bad Debts	6M	-8M	-9M	-3M	-3M
Other Operating Expenses, Total	4.67B	5.93B	7.43B	9.09B	11.45B
Operating Income	1.22B	1.51B	1.53B	2.79B	3.75B
Interest Expense, Total	-40M	-65M	-95M	-181M	-281M
Interest And Investment Income	-	-	-	-	1M
Net Interest Expenses	-40M	-65M	-95M	-181M	-280M
Other Non Operating Income (Expenses)	-21M	-61M	-73M	-89M	-156M
EBT, Excl. Unusual Items	1.15B	1.39B	1.36B	2.52B	3.31B
Gain (Loss) On Sale Of Assets	4M	44M	131M	241M	253M
Asset Writedown	-	-	-14M	-8M	-1M
Other Unusual Items	-	-	-1M	1M	1M
EBT, Incl. Unusual Items	1.16B	1.43B	1.48B	2.75B	3.56B
Income Tax Expense	412M	476M	490M	912M	1.18B
Earnings From Continuing Operations	746M	955M	988M	1.84B	2.38B
Net Income to Company	746M	955M	988M	1.84B	2.38B
Net Income - (IS)	746M	955M	988M	1.84B	2.38B
Net Income to Common Incl Extra Items	746M	955M	988M	1.84B	2.38B
Net Income to Common Excl. Extra Items	746M	955M	988M	1.84B	2.38B
Per Share Items
Net EPS - Basic	40.42	40.25	41.52	77.19	99.68
Basic EPS - Continuing Operations	40.42	40.25	41.52	77.19	99.68
Basic Weighted Average Shares Outstanding	18.46M	23.73M	23.8M	23.84M	23.92M
Net EPS - Diluted	39.76	39.8	41.07	76.48	98.55
Diluted EPS - Continuing Operations	39.76	39.8	41.07	76.48	98.55
Diluted Weighted Average Shares Outstanding	18.77M	24.01M	24.06M	24.06M	24.19M
Normalized Basic EPS	39.08	36.53	35.77	66.02	86.53
Normalized Diluted EPS	38.43	36.1	35.38	65.4	85.54
Dividend Per Share	3.22	4.03	4.62	7.69	10
Payout Ratio	7.91	7.96	9.62	5.98	7.68
Supplemental Items
EBITDA	1.32B	1.67B	1.76B	3.1B	4.11B
EBITA	1.22B	1.51B	1.53B	2.79B	3.75B
EBIT	1.22B	1.51B	1.53B	2.79B	3.75B
Effective Tax Rate - (Ratio)	35.58	33.26	33.15	33.14	33.11
Normalized Net Income	721M	867M	851M	1.57B	2.07B
Non-Cash Pension Expense	2M	-606K	-156K	136K	538K
Supplemental Operating Expense Items
Advertising Expense	787M	961M	1.03B	1.24B	1.53B
Selling and Marketing Expenses	787M	961M	1.03B	1.24B	1.53B

Fiscal Period: July	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	3.95B	3.88B	3.27B	3.94B	4.48B
Total Cash And Short Term Investments	3.95B	3.88B	3.27B	3.94B	4.48B
Accounts Receivable, Total	8M	11M	29M	58M	68M
Total Receivables	8M	11M	29M	58M	68M
Inventory	5.18B	7.61B	11.62B	16.76B	22.89B
Prepaid Expenses	99M	128M	139M	189M	241M
Other Current Assets, Total	436M	516M	746M	746M	832M
Total Current Assets	9.67B	12.15B	15.8B	21.69B	28.51B
Net Property Plant And Equipment	1.67B	2.02B	2.73B	3.74B	4.82B
Long-term Investments	369M	571M	623M	759M	903M
Other Intangibles, Total	305M	524M	646M	736M	841M
Deferred Tax Assets Long-Term	98M	134M	155M	226M	313M
Other Long-Term Assets, Total	2M	2M	1M	3M	2M
Total Assets	12.12B	15.4B	19.96B	27.16B	35.39B
Liabilities
Accounts Payable, Total	10M	42M	98M	139M	178M
Accrued Expenses, Total	25M	66M	88M	104M	116M
Short-term Borrowings	1.74B	3.44B	5.69B	8.08B	9.42B
Current Portion of Long-Term Debt	289M	246M	434M	1.41B	2.04B
Current Portion of Leases	4M	2M	2M	4M	8M
Current Income Taxes Payable	1.06B	1.14B	1.14B	1.96B	2.38B
Other Current Liabilities	1.43B	1.51B	1.84B	2.46B	2.78B
Total Current Liabilities	4.55B	6.44B	9.28B	14.15B	16.91B
Long-Term Debt	1.82B	2.26B	2.99B	3.54B	6.6B
Long-Term Leases	9M	7M	4M	9M	25M
Pension & Other Post Retirement Benefits	34M	50M	68M	82M	100M
Other Non Current Liabilities	377M	417M	481M	491M	669M
Total Liabilities	6.78B	9.18B	12.83B	18.28B	24.3B
Common Stock, Total	694M	696M	700M	706M	709M
Additional Paid In Capital	594M	596M	600M	606M	609M
Retained Earnings	4.04B	4.92B	5.81B	7.54B	9.74B
Comprehensive Income and Other	5M	14M	21M	24M	26M
Total Common Equity	5.33B	6.22B	7.13B	8.88B	11.08B
Total Equity	5.33B	6.22B	7.13B	8.88B	11.08B
Total Liabilities And Equity	12.12B	15.4B	19.96B	27.16B	35.39B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	23.71M	23.79M	23.81M	23.9M	23.95M
ECS Total Common Shares Outstanding	23.7M	23.74M	23.81M	23.9M	23.94M
Book Value / Share	224.98	262.1	299.53	371.34	463.06
Tangible Book Value	5.03B	5.7B	6.48B	8.14B	10.24B
Tangible Book Value Per Share	212.12	240.03	272.4	340.55	427.92
Total Debt	3.86B	5.95B	9.12B	13.04B	18.08B
Net Debt	-91M	2.07B	5.85B	9.1B	13.61B
Debt Equivalent of Unfunded Proj. Benefit Obligation	34M	50.95M	68.47M	82.6M	101M
Inventories - Work In Process, Total	76M	105M	122M	144M	129M
Inventories - Finished Goods, Total	5.11B	7.51B	11.5B	16.62B	22.76B
Inventories - Others	1M	1M	1M	1M	1M
Full Time Employees	385	465	581	677	807
Accumulated Allowance for Doubtful Accounts (Supple)	16M	8M	-	4M	5M

Fiscal Period: July	2021	2022	2023	2024	2025
Net Income	1.16B	1.43B	1.48B	2.75B	3.56B
Depreciation & Amortization - CF	107M	158M	226M	310M	361M
Depreciation & Amortization, Total	107M	158M	226M	310M	361M
(Gain) Loss From Sale Of Asset	-4M	-44M	-116M	-232M	-252M
Other Operating Activities, Total	-225M	-558M	-547M	-503M	-1.22B
Change In Accounts Receivable	5M	3M	-12M	-33M	-10M
Change In Inventories	-1.13B	-2.13B	-3.59B	-4.98B	-5.7B
Change In Accounts Payable	0	-84M	168M	340M	387M
Change in Other Net Operating Assets	281M	152M	5M	513M	273M
Cash from Operations	189M	-1.07B	-2.39B	-1.84B	-2.6B
Capital Expenditure	-769M	-849M	-1.54B	-2.1B	-2.14B
Sale of Property, Plant, and Equipment	14M	232M	458M	1.04B	833M
Sale (Purchase) of Intangible assets	-147M	-290M	-243M	-265M	-289M
Investment in Marketable and Equity Securities, Total	-40M	-130M	-	280M	-
Other Investing Activities, Total	2M	-96M	26M	1M	-143M
Cash from Investing	-940M	-1.13B	-1.3B	-1.04B	-1.74B
Short Term Debt Issued, Total	196M	1.7B	2.25B	2.39B	1.34B
Long-Term Debt Issued, Total	1.6B	847M	1.95B	4.17B	6.99B
Total Debt Issued	1.79B	2.54B	4.2B	6.55B	8.33B
Long-Term Debt Repaid, Total	-529M	-446M	-1.03B	-2.64B	-3.3B
Total Debt Repaid	-529M	-446M	-1.03B	-2.64B	-3.3B
Issuance of Common Stock	1.19B	-	7M	11M	6M
Common Dividends Paid	-59M	-76M	-95M	-110M	-183M
Common & Preferred Stock Dividends Paid	-59M	-76M	-95M	-110M	-183M
Other Financing Activities, Total	-7M	-13M	-2M	-3M	-6M
Cash from Financing	2.39B	2.01B	3.08B	3.81B	4.84B
Foreign Exchange Rate Adjustments	1M	2M	-	-	1M
Miscellaneous Cash Flow Adjustments	-	2M	-	-	1M
Net Change in Cash	1.64B	-194M	-609M	930M	498M
Supplemental Items
Cash Interest Paid	39M	65M	94M	180M	281M
Cash Income Tax Paid (Refund)	225M	560M	548M	504M	1.22B
Levered Free Cash Flow	-425M	-2.37B	-4.53B	-4.14B	-5.4B
Unlevered Free Cash Flow	-400M	-2.33B	-4.47B	-4.02B	-5.23B
Change In Net Working Capital	350M	2.3B	3.87B	3.72B	5.5B
Net Debt Issued / Repaid	1.26B	2.1B	3.17B	3.91B	5.02B

Fiscal Period: July	2021	2022	2023	2024	2025
Profitability
Return on Assets	7.4	6.87	5.41	7.4	7.49
Return on Total Capital	9.97	8.85	6.73	9.13	9.17
Return On Equity %	16.98	16.53	14.8	22.99	23.89
Return on Common Equity	16.98	16.53	14.8	22.99	23.89
Margin Analysis
Gross Profit Margin %	14.3	14.36	14.08	15.27	15.83
SG&A Margin	11.33	11.46	11.69	11.69	11.93
EBITDA Margin %	3.21	3.22	2.76	3.98	4.28
EBITA Margin %	2.95	2.92	2.4	3.58	3.9
EBIT Margin %	2.95	2.92	2.4	3.58	3.9
Income From Continuing Operations Margin %	1.81	1.84	1.55	2.37	2.48
Net Income Margin %	1.81	1.84	1.55	2.37	2.48
Net Avail. For Common Margin %	1.81	1.84	1.55	2.37	2.48
Normalized Net Income Margin	1.75	1.67	1.34	2.02	2.16
Levered Free Cash Flow Margin	-1.03	-4.57	-7.11	-5.32	-5.63
Unlevered Free Cash Flow Margin	-0.97	-4.5	-7.02	-5.17	-5.45
Asset Turnover
Asset Turnover	4.01	3.77	3.6	3.3	3.07
Fixed Assets Turnover	31	28.12	26.8	24.05	22.44
Receivables Turnover (Average Receivables)	2.11K	5.46K	3.18K	1.79K	1.52K
Inventory Turnover (Average Inventory)	7.66	6.94	5.69	4.64	4.07
Short Term Liquidity
Current Ratio	2.13	1.89	1.7	1.53	1.69
Quick Ratio	0.87	0.6	0.36	0.28	0.27
Operating Cash Flow to Current Liabilities	0.04	-0.17	-0.26	-0.13	-0.15
Days Sales Outstanding (Average Receivables)	0.17	0.07	0.11	0.2	0.24
Days Outstanding Inventory (Average Inventory)	47.67	52.57	64.18	78.8	89.58
Average Days Payable Outstanding	0.39	0.2	0.44	0.61	0.67
Cash Conversion Cycle (Average Days)	47.45	52.44	63.86	78.39	89.15
Long Term Solvency
Total Debt/Equity	72.29	95.61	127.89	146.9	163.16
Total Debt / Total Capital	41.96	48.88	56.12	59.5	62
LT Debt/Equity	34.2	36.43	42.01	40.03	59.74
Long-Term Debt / Total Capital	19.85	18.62	18.44	16.21	22.7
Total Liabilities / Total Assets	55.99	59.59	64.27	67.31	68.68
EBIT / Interest Expense	30.38	23.28	16.11	15.4	13.33
EBITDA / Interest Expense	33.05	25.71	18.48	17.12	14.62
(EBITDA - Capex) / Interest Expense	13.82	12.65	2.27	5.54	6.99
Total Debt / EBITDA	2.92	3.56	5.19	4.21	4.4
Net Debt / EBITDA	-0.07	1.24	3.33	2.94	3.31
Total Debt / (EBITDA - Capex)	6.97	7.24	42.22	13.01	9.21
Net Debt / (EBITDA - Capex)	-0.16	2.52	27.07	9.09	6.93
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	15.07	26.01	22.7	22.22	23.4
Gross Profit, 1 Yr. Growth %	21.54	26.52	20.33	32.52	27.99
EBITDA, 1 Yr. Growth %	-	26.4	5.09	76.42	32.6
EBITA, 1 Yr. Growth %	38.86	24.53	1.12	82.22	34.4
EBIT, 1 Yr. Growth %	38.86	24.53	1.12	82.22	34.4
Earnings From Cont. Operations, 1 Yr. Growth %	25.59	28.02	3.46	86.23	29.57
Net Income, 1 Yr. Growth %	25.59	28.02	3.46	86.23	29.57
Normalized Net Income, 1 Yr. Growth %	38.87	20.19	-1.8	84.88	31.49
Diluted EPS Before Extra, 1 Yr. Growth %	22.53	0.1	3.18	86.22	28.85
Accounts Receivable, 1 Yr. Growth %	-74.19	37.5	163.64	100	17.24
Inventory, 1 Yr. Growth %	28.69	46.81	52.64	44.28	36.56
Net Property, Plant and Equip., 1 Yr. Growth %	69.1	21.03	35.1	37.05	28.74
Total Assets, 1 Yr. Growth %	44.28	27.09	29.6	36.06	30.31
Tangible Book Value, 1 Yr. Growth %	54.09	13.35	13.79	25.52	25.84
Common Equity, 1 Yr. Growth %	54.4	16.69	14.59	24.47	24.88
Cash From Operations, 1 Yr. Growth %	-	-667.72	122.83	-23.13	41.51
Capital Expenditures, 1 Yr. Growth %	-	10.4	81.39	36.1	2.34
Levered Free Cash Flow, 1 Yr. Growth %	-	458.85	90.78	-8.63	30.63
Unlevered Free Cash Flow, 1 Yr. Growth %	-	483.64	91.55	-9.94	29.94
Dividend Per Share, 1 Yr. Growth %	-0.96	25.24	14.73	66.22	30.08
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	16.84	20.41	24.35	22.46	22.81
Gross Profit, 2 Yr. CAGR %	13.96	24	23.39	26.28	30.24
EBITDA, 2 Yr. CAGR %	-	-	15.25	36.16	52.95
EBITA, 2 Yr. CAGR %	4.11	31.5	12.22	35.75	56.49
EBIT, 2 Yr. CAGR %	4.11	31.5	12.22	35.75	56.49
Earnings From Cont. Operations, 2 Yr. CAGR %	-1.76	26.8	15.08	38.81	55.34
Net Income, 2 Yr. CAGR %	-1.76	26.8	15.08	38.81	55.34
Normalized Net Income, 2 Yr. CAGR %	3.66	29.19	8.64	34.74	55.92
Diluted EPS Before Extra, 2 Yr. CAGR %	-2.97	10.75	1.63	38.62	54.91
Accounts Receivable, 2 Yr. CAGR %	15.47	-40.43	90.39	129.62	53.13
Inventory, 2 Yr. CAGR %	12.87	37.45	49.7	48.4	40.37
Net Property, Plant and Equip., 2 Yr. CAGR %	45.53	43.06	27.87	36.07	32.83
Total Assets, 2 Yr. CAGR %	21.63	35.42	28.34	32.79	33.15
Tangible Book Value, 2 Yr. CAGR %	32.89	32.16	13.57	19.51	25.68
Common Equity, 2 Yr. CAGR %	34.75	34.23	15.64	19.43	24.67
Cash From Operations, 2 Yr. CAGR %	-	-	255.68	30.88	4.3
Capital Expenditures, 2 Yr. CAGR %	-	-	41.51	57.12	18.02
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	226.52	32.03	9.25
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	234.36	31.34	8.18
Dividend Per Share, 2 Yr. CAGR %	-	11.37	19.87	38.09	47.04
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	19.82	21.17	23.63	22.77
Gross Profit, 3 Yr. CAGR %	-	18	22.77	26.36	26.85
EBITDA, 3 Yr. CAGR %	-	-	-	32.83	34.96
EBITA, 3 Yr. CAGR %	-	10.51	20.47	31.9	35.29
EBIT, 3 Yr. CAGR %	-	10.51	20.47	31.9	35.29
Earnings From Cont. Operations, 3 Yr. CAGR %	-	7.3	18.48	35.11	35.65
Net Income, 3 Yr. CAGR %	-	7.3	18.48	35.11	35.65
Normalized Net Income, 3 Yr. CAGR %	-	8.9	17.9	29.7	33.65
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-1.96	8.17	24.36	35.28
Accounts Receivable, 3 Yr. CAGR %	-	22.39	-2.2	93.54	83.53
Inventory, 3 Yr. CAGR %	-	23.21	42.34	47.87	44.34
Net Property, Plant and Equip., 3 Yr. CAGR %	-	36.86	40.36	30.86	33.58
Total Assets, 3 Yr. CAGR %	-	23.43	33.45	30.86	31.96
Tangible Book Value, 3 Yr. CAGR %	-	26.03	25.73	17.42	21.58
Common Equity, 3 Yr. CAGR %	-	28.44	27.33	18.51	21.22
Cash From Operations, 3 Yr. CAGR %	-	-	-	113.45	34.33
Capital Expenditures, 3 Yr. CAGR %	-	-	-	39.69	36.2
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	113.57	31.56
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	115.93	30.87
Dividend Per Share, 3 Yr. CAGR %	-	-	12.48	33.67	35.37
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	20.87	21.82
Gross Profit, 5 Yr. CAGR %	-	-	-	21.25	25.7
EBITA, 5 Yr. CAGR %	-	-	-	19.99	33.76
EBIT, 5 Yr. CAGR %	-	-	-	19.99	33.76
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	18.94	32.04
Net Income, 5 Yr. CAGR %	-	-	-	18.94	32.04
Normalized Net Income, 5 Yr. CAGR %	-	-	-	18.58	31.85
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	12.61	24.88
Accounts Receivable, 5 Yr. CAGR %	-	-	-	57.42	17.01
Inventory, 5 Yr. CAGR %	-	-	-	32.73	41.55
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	36.54	37.3
Total Assets, 5 Yr. CAGR %	-	-	-	27.09	33.33
Tangible Book Value, 5 Yr. CAGR %	-	-	-	23.38	25.71
Common Equity, 5 Yr. CAGR %	-	-	-	24.76	26.26
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	25.21