Income Statement Leader Electronics Corporation

Stocks

6867

JP3969350002

Industrial Machinery & Equipment

Delayed Japan Exchange 02:30:00 2026-08-17 EDT			5-day change	1st Jan Change
418.00 ^JPY	+0.72%		+1.46%	-16.57%

03-31	Leader Electronics Inc. Reports Earnings Results for the Full Year Ended December 31, 2025	CI
12-24	Leader Electronics Corporation announced that it has received ¥423.5 million in funding	CI

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Published financial data: LEADER ELECTRONICS CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	3.79B	4.06B	4.54B	4.12B	4.25B
Total Revenues	3.79B	4.06B	4.54B	4.12B	4.25B
Cost of Goods Sold, Total	1.29B	1.48B	1.6B	1.54B	1.55B
Gross Profit	2.49B	2.59B	2.94B	2.58B	2.7B
Selling General & Admin Expenses, Total	1.31B	1.52B	1.65B	1.72B	1.74B
Provision for Bad Debts	-	-	-	-1M	3M
R&D Expenses	918M	1.2B	1.02B	1.01B	875M
Depreciation & Amortization - (IS)	139M	104M	37M	32M	30M
Amortization of Goodwill and Intangible Assets - (IS)	55M	82M	23M	-	16M
Other Operating Expenses, Total	2.42B	2.9B	2.72B	2.75B	2.67B
Operating Income	70M	-315M	217M	-179M	27M
Interest Expense, Total	-1M	-3M	-1M	-3M	-7M
Interest And Investment Income	5M	8M	9M	5M	11M
Net Interest Expenses	4M	5M	8M	2M	4M
Currency Exchange Gains (Loss)	56M	62M	66M	-39M	88M
Other Non Operating Income (Expenses)	24M	34M	3M	-8M	-2M
EBT, Excl. Unusual Items	154M	-214M	294M	-224M	117M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	4M	12M	4M	2M
Asset Writedown	-	-375M	-71M	-9M	-8M
Other Unusual Items	-	-43M	-	17M	58M
EBT, Incl. Unusual Items	154M	-628M	235M	-212M	169M
Income Tax Expense	38M	16M	98M	-27M	98M
Earnings From Continuing Operations	116M	-644M	137M	-185M	71M
Net Income to Company	116M	-644M	137M	-185M	71M
Net Income - (IS)	116M	-644M	137M	-185M	71M
Net Income to Common Incl Extra Items	116M	-644M	137M	-185M	71M
Net Income to Common Excl. Extra Items	116M	-644M	137M	-185M	71M
Per Share Items
Net EPS - Basic	25.95	-143.78	31.16	-54.75	19.48
Basic EPS - Continuing Operations	25.95	-143.78	31.16	-54.75	19.48
Basic Weighted Average Shares Outstanding	4.47M	4.48M	4.4M	3.38M	3.64M
Net EPS - Diluted	25.95	-143.78	31.16	-54.75	19.48
Diluted EPS - Continuing Operations	25.95	-143.78	31.16	-54.75	19.48
Diluted Weighted Average Shares Outstanding	4.47M	4.48M	4.4M	3.38M	3.64M
Normalized Basic EPS	21.53	-29.86	41.79	-41.43	20.07
Normalized Diluted EPS	21.53	-29.86	41.79	-41.43	20.07
Dividend Per Share	10	10	15	15	15
Payout Ratio	37.93	-6.83	32.12	-27.03	70.42
Supplemental Items
EBITDA	318M	-78M	324M	-99M	103M
EBITA	125M	-233M	240M	-179M	43M
EBIT	70M	-315M	217M	-179M	27M
Effective Tax Rate - (Ratio)	24.68	-2.55	41.7	12.74	57.99
Normalized Net Income	96.25M	-134M	184M	-140M	73.12M
Non-Cash Pension Expense	26.43M	72.22M	11.04M	26.6M	37.18M
Supplemental Operating Expense Items
Advertising Expense	36M	95M	102M	111M	93M
Selling and Marketing Expenses	36M	95M	102M	111M	93M
Research And Development Expense From Footnotes	918M	1.2B	1.02B	1.01B	875M

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	3B	2.43B	1.46B	1.23B	1.31B
Total Cash And Short Term Investments	3B	2.43B	1.46B	1.23B	1.31B
Accounts Receivable, Total	697M	1.28B	1.08B	957M	802M
Other Receivables	30M	34M	19M	125M	113M
Notes Receivable	-	-	-	-	-
Total Receivables	727M	1.31B	1.1B	1.08B	915M
Inventory	447M	601M	607M	711M	844M
Prepaid Expenses	48M	46M	56M	53M	61M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	33M	34M	160M	496M	547M
Total Current Assets	4.26B	4.42B	3.39B	3.57B	3.68B
Net Property Plant And Equipment	636M	503M	482M	445M	471M
Long-term Investments	162M	182M	489M	470M	535M
Goodwill	252M	-	-	-	150M
Other Intangibles, Total	143M	39M	31M	43M	46M
Loans Receivable Long-Term	240M	240M	240M	-	-
Deferred Tax Assets Long-Term	33M	26M	-	-	-
Other Long-Term Assets, Total	2M	1M	2M	2M	2M
Total Assets	5.73B	5.41B	4.63B	4.53B	4.88B
Liabilities
Accounts Payable, Total	206M	246M	150M	138M	155M
Accrued Expenses, Total	128M	106M	166M	142M	134M
Short-term Borrowings	6M	33M	7M	221M	-
Current Portion of Long-Term Debt	5M	5M	6M	6M	3M
Current Portion of Leases	32M	30M	27M	26M	15M
Current Income Taxes Payable	23M	314M	270M	170M	179M
Other Current Liabilities	161M	106M	139M	157M	197M
Total Current Liabilities	561M	840M	765M	860M	683M
Long-Term Debt	18M	13M	8M	2M	-
Long-Term Leases	77M	50M	32M	11M	25M
Pension & Other Post Retirement Benefits	305M	344M	333M	357M	392M
Deferred Tax Liability Non Current	56M	83M	132M	95M	153M
Other Non Current Liabilities	5M	3M	4M	3M	2M
Total Liabilities	1.02B	1.33B	1.27B	1.33B	1.26B
Common Stock, Total	1.33B	1.33B	1.34B	1.34B	1.34B
Additional Paid In Capital	1.87B	1.87B	1.88B	1.88B	1.46B
Retained Earnings	1.62B	935M	1.03B	792M	1.07B
Treasury Stock	-	-	-769M	-769M	-156M
Comprehensive Income and Other	-115M	-61M	-111M	-43M	-90M
Total Common Equity	4.71B	4.08B	3.36B	3.2B	3.63B
Total Equity	4.71B	4.08B	3.36B	3.2B	3.63B
Total Liabilities And Equity	5.73B	5.41B	4.63B	4.53B	4.88B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.47M	4.48M	3.37M	3.39M	4.29M
ECS Total Common Shares Outstanding	4.47M	4.48M	3.37M	3.39M	4.29M
Book Value / Share	1.05K	909.12	995.81	945.08	846.06
Tangible Book Value	4.31B	4.04B	3.33B	3.16B	3.43B
Tangible Book Value Per Share	963.79	900.42	986.62	932.39	800.33
Total Debt	138M	131M	80M	266M	43M
Net Debt	-2.87B	-2.3B	-1.38B	-963M	-1.27B
Debt Equivalent of Unfunded Proj. Benefit Obligation	305M	345M	334M	358M	393M
Inventories - Raw Materials, Total	155M	238M	230M	135M	152M
Inventories - Work In Process, Total	-	12M	4M	20M	3M
Inventories - Finished Goods, Total	291M	351M	372M	555M	688M
Inventories - Others	1M	-	1M	1M	1M
Full Time Employees	133	136	124	129	127
Accumulated Allowance for Doubtful Accounts (Supple)	6M	6M	4M	4M	8M

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	154M	-627M	236M	-212M	170M
Depreciation & Amortization - CF	193M	155M	84M	80M	60M
Amortization of Goodwill and Intangible Assets - (CF)	55M	82M	23M	-	16M
Depreciation & Amortization, Total	248M	237M	107M	80M	76M
(Gain) Loss From Sale Of Asset	-	370M	58M	5M	8M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Other Operating Activities, Total	18M	0	-9M	-62M	81M
Change In Accounts Receivable	79M	-549M	231M	155M	182M
Change In Inventories	-70M	-139M	35M	-72M	-112M
Change In Accounts Payable	20M	19M	-117M	-15M	12M
Change in Other Net Operating Assets	34M	256M	-397M	-485M	-206M
Cash from Operations	483M	-433M	144M	-606M	211M
Capital Expenditure	-52M	-22M	-91M	-54M	-55M
Sale of Property, Plant, and Equipment	-	4M	27M	4M	2M
Cash Acquisitions	-	-	-	-	-182M
Sale (Purchase) of Intangible assets	-11M	-96M	-64M	-9M	-12M
Investment in Marketable and Equity Securities, Total	-	-1M	199M	99M	-2M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-140M	380M	-
Other Investing Activities, Total	-2M	14M	-3M	4M	-2M
Cash from Investing	-65M	-101M	-72M	424M	-251M
Short Term Debt Issued, Total	-	1M	-	213M	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	1M	-	213M	-
Short Term Debt Repaid, Total	-4M	-	-31M	-	-221M
Long-Term Debt Repaid, Total	-5M	-6M	-6M	-6M	-7M
Total Debt Repaid	-9M	-6M	-37M	-6M	-228M
Issuance of Common Stock	-	-	2M	12M	423M
Repurchase of Common Stock	-	-	-769M	-	-
Common Dividends Paid	-44M	-44M	-44M	-50M	-50M
Common & Preferred Stock Dividends Paid	-44M	-44M	-44M	-50M	-50M
Other Financing Activities, Total	-37M	-31M	-30M	-28M	-32M
Cash from Financing	-90M	-80M	-878M	141M	113M
Foreign Exchange Rate Adjustments	25M	39M	41M	-94M	8M
Miscellaneous Cash Flow Adjustments	-1M	-1M	1M	1M	-
Net Change in Cash	352M	-576M	-764M	-134M	81M
Supplemental Items
Cash Interest Paid	1M	3M	1M	3M	7M
Cash Income Tax Paid (Refund)	-15M	2M	10M	61M	46M
Levered Free Cash Flow	339M	-561M	106M	-633M	54.5M
Unlevered Free Cash Flow	340M	-559M	107M	-631M	58.88M
Change In Net Working Capital	-111M	481M	-19M	536M	-33M
Net Debt Issued / Repaid	-9M	-5M	-37M	207M	-228M

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	0.79	-3.54	2.7	-2.44	0.36
Return on Total Capital	0.92	-4.35	3.55	-3.24	0.47
Return On Equity %	2.49	-14.67	3.69	-5.64	2.08
Return on Common Equity	2.49	-14.67	3.69	-5.64	2.08
Margin Analysis
Gross Profit Margin %	65.86	63.65	64.7	62.55	63.48
SG&A Margin	34.64	37.39	36.22	41.68	41.09
EBITDA Margin %	8.4	-1.92	7.13	-2.4	2.43
EBITA Margin %	3.3	-5.73	5.28	-4.35	1.01
EBIT Margin %	1.85	-7.75	4.78	-4.35	0.64
Income From Continuing Operations Margin %	3.06	-15.85	3.01	-4.49	1.67
Net Income Margin %	3.06	-15.85	3.01	-4.49	1.67
Net Avail. For Common Margin %	3.06	-15.85	3.01	-4.49	1.67
Normalized Net Income Margin	2.54	-3.29	4.04	-3.4	1.72
Levered Free Cash Flow Margin	8.95	-13.8	2.33	-15.37	1.28
Unlevered Free Cash Flow Margin	8.97	-13.76	2.35	-15.32	1.39
Asset Turnover
Asset Turnover	0.68	0.73	0.91	0.9	0.9
Fixed Assets Turnover	6.21	7.13	9.23	8.88	9.27
Receivables Turnover (Average Receivables)	5.19	4.12	3.86	4.04	4.83
Inventory Turnover (Average Inventory)	3.25	2.82	2.66	2.34	1.99
Short Term Liquidity
Current Ratio	7.59	5.26	4.43	4.15	5.38
Quick Ratio	6.65	4.45	3.35	2.69	3.26
Operating Cash Flow to Current Liabilities	0.86	-0.52	0.19	-0.7	0.31
Days Sales Outstanding (Average Receivables)	70.31	88.58	94.92	90.39	75.59
Days Outstanding Inventory (Average Inventory)	112.35	129.49	137.82	155.99	182.97
Average Days Payable Outstanding	48.54	50.58	45.01	31.93	31.75
Cash Conversion Cycle (Average Days)	134.12	167.49	187.73	214.44	226.8
Long Term Solvency
Total Debt/Equity	2.93	3.21	2.38	8.3	1.19
Total Debt / Total Capital	2.85	3.11	2.33	7.67	1.17
LT Debt/Equity	2.02	1.55	1.19	0.41	0.69
Long-Term Debt / Total Capital	1.96	1.5	1.16	0.37	0.68
Total Liabilities / Total Assets	17.84	24.64	27.5	29.31	25.71
EBIT / Interest Expense	70	-105	217	-59.67	3.86
EBITDA / Interest Expense	318	-26	324	-33	14.71
(EBITDA - Capex) / Interest Expense	266	-33.33	233	-51	6.86
Total Debt / EBITDA	0.43	-1.68	0.25	-2.69	0.42
Net Debt / EBITDA	-9.02	29.45	-4.27	9.73	-12.3
Total Debt / (EBITDA - Capex)	0.52	-1.31	0.34	-1.74	0.9
Net Debt / (EBITDA - Capex)	-10.78	22.97	-5.94	6.29	-26.4
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.41	7.29	11.84	-9.4	3.16
Gross Profit, 1 Yr. Growth %	18.54	3.69	13.69	-12.42	4.7
EBITDA, 1 Yr. Growth %	45.21	-124.53	-515.38	-130.56	-204.04
EBITA, 1 Yr. Growth %	135.85	-286.4	-203	-174.58	-124.02
EBIT, 1 Yr. Growth %	1.65K	-550	-168.89	-182.49	-115.08
Earnings From Cont. Operations, 1 Yr. Growth %	-14.71	-655.17	-121.27	-235.04	-138.38
Net Income, 1 Yr. Growth %	-14.71	-655.17	-121.27	-235.04	-138.38
Normalized Net Income, 1 Yr. Growth %	87.8	-238.96	-237.38	-176.19	-152.23
Diluted EPS Before Extra, 1 Yr. Growth %	-14.89	-654.06	-121.67	-275.72	-135.59
Accounts Receivable, 1 Yr. Growth %	-8.53	82.93	-15.14	-11.55	-16.2
Inventory, 1 Yr. Growth %	28.08	34.45	1	17.13	18.71
Net Property, Plant and Equip., 1 Yr. Growth %	8.9	-20.91	-4.18	-7.68	5.84
Total Assets, 1 Yr. Growth %	6.61	-5.57	-14.36	-2.18	7.72
Tangible Book Value, 1 Yr. Growth %	5.35	-6.36	-17.59	-5.02	8.54
Common Equity, 1 Yr. Growth %	2.44	-13.39	-17.62	-4.62	13.21
Cash From Operations, 1 Yr. Growth %	-27.91	-189.65	-133.26	-520.83	-134.82
Capital Expenditures, 1 Yr. Growth %	36.84	-57.69	313.64	-40.66	1.85
Levered Free Cash Flow, 1 Yr. Growth %	-59.94	-265.35	-118.9	-696.93	-108.61
Unlevered Free Cash Flow, 1 Yr. Growth %	-59.86	-264.5	-119.08	-691.68	-109.33
Dividend Per Share, 1 Yr. Growth %	0	0	50	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-3.04	10.79	9.54	0.66	-3.32
Gross Profit, 2 Yr. CAGR %	-2.64	10.86	8.57	-0.21	-4.24
EBITDA, 2 Yr. CAGR %	-27.8	-40.32	0.94	12.66	-43.62
EBITA, 2 Yr. CAGR %	-47.7	109.67	38.56	-12.35	-57.67
EBIT, 2 Yr. CAGR %	-59.93	787.41	76.07	-24.62	-64.73
Earnings From Cont. Operations, 2 Yr. CAGR %	-45.81	117.61	8.68	-46.4	-28.01
Net Income, 2 Yr. CAGR %	-45.81	117.61	8.68	-46.4	-28.01
Normalized Net Income, 2 Yr. CAGR %	-40.7	61.55	38.17	2.31	-36.92
Diluted EPS Before Extra, 2 Yr. CAGR %	-49.51	117.16	9.57	-38.29	-20.92
Accounts Receivable, 2 Yr. CAGR %	-21.01	29.35	24.59	-13.36	-13.91
Inventory, 2 Yr. CAGR %	-8.59	31.23	16.53	8.77	17.92
Net Property, Plant and Equip., 2 Yr. CAGR %	3.91	-7.19	-12.94	-5.94	-1.15
Total Assets, 2 Yr. CAGR %	1.2	0.33	-10.07	-8.48	2.65
Tangible Book Value, 2 Yr. CAGR %	5.42	-0.67	-12.15	-11.53	1.54
Common Equity, 2 Yr. CAGR %	1.85	-5.81	-15.53	-11.35	3.91
Cash From Operations, 2 Yr. CAGR %	42.76	-19.61	-45.4	18.3	21.05
Capital Expenditures, 2 Yr. CAGR %	65.43	-23.91	32.29	56.67	-22.26
Levered Free Cash Flow, 2 Yr. CAGR %	155.68	-18.61	-44.09	6.23	-28.3
Unlevered Free Cash Flow, 2 Yr. CAGR %	154.39	-18.75	-43.98	6.25	-25.69
Dividend Per Share, 2 Yr. CAGR %	-37.98	0	22.47	22.47	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.38	0.29	11.14	2.82	1.49
Gross Profit, 3 Yr. CAGR %	3.89	-0.57	11.8	1.07	1.4
EBITDA, 3 Yr. CAGR %	-5.26	-49.62	13.95	-32.23	9.71
EBITA, 3 Yr. CAGR %	-27.2	-20.11	65.44	12.71	-43.07
EBIT, 3 Yr. CAGR %	-40	-10.27	278.56	36.75	-55.91
Earnings From Cont. Operations, 3 Yr. CAGR %	-28.02	17.7	0.24	16.83	-52.05
Net Income, 3 Yr. CAGR %	-28.02	17.7	0.24	16.83	-52.05
Normalized Net Income, 3 Yr. CAGR %	-22.82	-21.24	53.05	13.3	-18.23
Diluted EPS Before Extra, 3 Yr. CAGR %	-33.31	12.21	0.72	28.26	-48.64
Accounts Receivable, 3 Yr. CAGR %	-10.12	4.51	12.4	11.15	-14.32
Inventory, 3 Yr. CAGR %	17.72	3.95	20.26	16.73	11.98
Net Property, Plant and Equip., 3 Yr. CAGR %	3.3	-5.13	-6.2	-11.22	-2.17
Total Assets, 3 Yr. CAGR %	10	-1.11	-4.83	-7.52	-3.37
Tangible Book Value, 3 Yr. CAGR %	10.24	1.34	-6.67	-9.84	-5.29
Common Equity, 3 Yr. CAGR %	12.49	-3.51	-9.92	-12.04	-3.82
Cash From Operations, 3 Yr. CAGR %	30.97	22.25	-40.1	7.86	-21.31
Capital Expenditures, 3 Yr. CAGR %	15.21	5.01	33.79	1.27	35.72
Levered Free Cash Flow, 3 Yr. CAGR %	34.14	121.11	-49.97	23.11	-54.02
Unlevered Free Cash Flow, 3 Yr. CAGR %	34.22	119.98	-49.87	22.91	-52.77
Dividend Per Share, 3 Yr. CAGR %	-20.63	-27.28	14.47	14.47	14.47
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	10.21	6.11	5.8	0.44	5.11
Gross Profit, 5 Yr. CAGR %	12.31	5.47	5.74	-0.43	5.08
EBITDA, 5 Yr. CAGR %	22.77	-8.41	-2.83	-30.49	-14
EBITA, 5 Yr. CAGR %	10.18	23.23	-5.83	-17.09	-4.1
EBIT, 5 Yr. CAGR %	-1.89	30.89	-7.7	-16.31	46.51
Earnings From Cont. Operations, 5 Yr. CAGR %	10.95	42.4	-15.12	-14.08	-12.19
Net Income, 5 Yr. CAGR %	10.95	42.4	-15.12	-14.08	-12.19
Normalized Net Income, 5 Yr. CAGR %	12.89	20.57	-2.58	-12.55	7.37
Diluted EPS Before Extra, 5 Yr. CAGR %	5.86	35.8	-18.66	-11.66	-8.57
Accounts Receivable, 5 Yr. CAGR %	6.61	5.75	2.42	-3.04	1.03
Inventory, 5 Yr. CAGR %	8.52	8.05	17.24	5.85	19.32
Net Property, Plant and Equip., 5 Yr. CAGR %	3.87	-1.26	-3.53	-5.45	-4.21
Total Assets, 5 Yr. CAGR %	9.1	5.77	1.48	-4.12	-1.9
Tangible Book Value, 5 Yr. CAGR %	8.39	6.34	0.67	-4.02	-3.47
Common Equity, 5 Yr. CAGR %	10.03	6.15	0.31	-6.73	-4.62
Cash From Operations, 5 Yr. CAGR %	18.13	9.11	-7.7	20.65	-20.63
Capital Expenditures, 5 Yr. CAGR %	54.02	2.98	21.76	23.23	7.68
Levered Free Cash Flow, 5 Yr. CAGR %	14.93	9.65	-5.48	64.91	-42.22
Unlevered Free Cash Flow, 5 Yr. CAGR %	14.97	9.58	-5.37	64.42	-41.32
Dividend Per Share, 5 Yr. CAGR %	14.87	4.56	-5.59	-10.42	8.45