Income Statement Ledax Co.,Ltd.

Stocks

7602

JP3388550000

Auto Vehicles, Parts & Service Retailers

Market Closed - Japan Exchange 02:30:00 2026-09-18 EDT			5-day change	1st Jan Change
176.00 ^JPY	-3.30%		-10.20%	-0.56%

09-15	Ledax Co.,Ltd. signed a letter of intent to acquire business operations of Harika Co., Ltd. for approximately ¥670 million.	CI
25-07-14	Capital Gallery Co., Ltd. signed a letter of intent to acquire 50% stake in OSMIC Holdings Co., Ltd. from Leda Group Holdings Co.,Ltd. and Ledax Co.,Ltd. for approximately ¥100 million.	CI

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Published financial data: LEDAX CO.,LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Revenues	18.38B	19.06B	19.07B	20.03B	19.85B
Total Revenues	18.38B	19.06B	19.07B	20.03B	19.85B
Cost of Goods Sold, Total	15.02B	16.37B	15.92B	17.13B	16.85B
Gross Profit	3.36B	2.69B	3.15B	2.9B	3B
Selling General & Admin Expenses, Total	3.16B	3.19B	3.05B	3.1B	3.12B
Other Operating Expenses, Total	3.16B	3.19B	3.05B	3.1B	3.12B
Operating Income	202M	-499M	99M	-200M	-122M
Interest Expense, Total	-1M	-3M	-2M	-4M	-8M
Interest And Investment Income	3M	3M	4M	5M	6M
Net Interest Expenses	2M	0	2M	1M	-2M
Income (Loss) On Equity Invest.	-	-2M	-	-	-21M
Currency Exchange Gains (Loss)	5M	22M	39M	3M	6M
Other Non Operating Income (Expenses)	4M	12M	8M	52M	-14M
EBT, Excl. Unusual Items	213M	-467M	148M	-144M	-153M
Gain (Loss) On Sale Of Investments	-	-	-	3M	116M
Gain (Loss) On Sale Of Assets	-	-	1M	14M	244M
Asset Writedown	-454M	-1M	-	-12M	-3M
Other Unusual Items	-	-	-1M	14M	1M
EBT, Incl. Unusual Items	-241M	-468M	148M	-125M	205M
Income Tax Expense	47M	36M	35M	33M	78M
Earnings From Continuing Operations	-288M	-504M	113M	-158M	127M
Net Income to Company	-288M	-504M	113M	-158M	127M
Minority Interest	-5M	-10M	-40M	-29M	-14M
Net Income - (IS)	-293M	-514M	73M	-187M	113M
Net Income to Common Incl Extra Items	-293M	-514M	73M	-187M	113M
Net Income to Common Excl. Extra Items	-293M	-514M	73M	-187M	113M
Per Share Items
Net EPS - Basic	-14.17	-24.83	3.52	-9.02	5.45
Basic EPS - Continuing Operations	-14.17	-24.83	3.52	-9.02	5.45
Basic Weighted Average Shares Outstanding	20.67M	20.7M	20.72M	20.73M	20.73M
Net EPS - Diluted	-14.17	-24.83	3.52	-9.02	5.45
Diluted EPS - Continuing Operations	-14.17	-24.83	3.52	-9.02	5.45
Diluted Weighted Average Shares Outstanding	20.67M	20.7M	20.72M	20.73M	20.73M
Normalized Basic EPS	6.2	-14.58	2.53	-5.74	-5.29
Normalized Diluted EPS	6.2	-14.58	2.53	-5.74	-5.29
Dividend Per Share	2	-	1	-	1
Payout Ratio	-13.99	-7.98	1.37	-10.7	-
Supplemental Items
EBITDA	282M	-407M	190M	-81M	-10M
EBITA	202M	-499M	99M	-200M	-122M
EBIT	202M	-499M	99M	-200M	-122M
EBITDAR	904M	222M	796M	497M	561M
Effective Tax Rate - (Ratio)	-19.5	-7.69	23.65	-26.4	38.05
Normalized Net Income	128M	-302M	52.5M	-119M	-110M
Non-Cash Pension Expense	-	14M	13M	12M	12M
Supplemental Operating Expense Items
Advertising Expense	386M	445M	378M	354M	281M
Selling and Marketing Expenses	386M	445M	378M	354M	281M
Net Rental Expense, Total	622M	629M	606M	578M	571M
Imputed Operating Lease Interest Expense	13.45M	23.51M	18.82M	34.96M	55.96M
Imputed Operating Lease Depreciation	609M	605M	587M	543M	515M

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Assets
Cash And Equivalents	2.2B	1.73B	2.32B	1.65B	2.15B
Short Term Investments	-	-	-	2M	-
Total Cash And Short Term Investments	2.2B	1.73B	2.32B	1.66B	2.15B
Accounts Receivable, Total	1.52B	1.26B	1.27B	1.16B	1.23B
Total Receivables	1.52B	1.26B	1.27B	1.16B	1.23B
Inventory	2.16B	1.98B	1.65B	2.11B	1.84B
Other Current Assets, Total	274M	281M	526M	508M	748M
Total Current Assets	6.16B	5.25B	5.76B	5.43B	5.97B
Net Property Plant And Equipment	992M	922M	893M	1.06B	595M
Long-term Investments	410M	412M	396M	407M	462M
Other Intangibles, Total	68M	144M	202M	172M	138M
Other Long-Term Assets, Total	1M	2M	1M	2M	1M
Total Assets	7.63B	6.73B	7.26B	7.07B	7.16B
Liabilities
Accounts Payable, Total	721M	207M	364M	646M	307M
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	560M	560M	350M	500M	630M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Income Taxes Payable	236M	195M	218M	213M	251M
Other Current Liabilities	375M	599M	1.05B	504M	704M
Total Current Liabilities	1.89B	1.56B	1.98B	1.86B	1.89B
Long-Term Debt	-	-	-	134M	-
Long-Term Leases	95M	69M	51M	23M	19M
Deferred Tax Liability Non Current	10M	8M	8M	33M	48M
Other Non Current Liabilities	186M	185M	182M	163M	216M
Total Liabilities	2.18B	1.82B	2.22B	2.22B	2.18B
Common Stock, Total	2.82B	2.82B	2.82B	2.82B	2.82B
Additional Paid In Capital	846M	846M	851M	851M	851M
Retained Earnings	2.69B	2.14B	2.21B	2B	2.11B
Treasury Stock	-1.09B	-1.08B	-1.08B	-1.08B	-1.08B
Comprehensive Income and Other	7M	9M	10M	12M	15M
Total Common Equity	5.27B	4.73B	4.81B	4.61B	4.72B
Minority Interest	169M	179M	220M	249M	264M
Total Equity	5.44B	4.91B	5.03B	4.86B	4.99B
Total Liabilities And Equity	7.63B	6.73B	7.26B	7.07B	7.16B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	20.67M	20.71M	20.73M	20.73M	20.73M
ECS Total Common Shares Outstanding	20.67M	20.71M	20.73M	20.73M	20.73M
Book Value / Share	255.15	228.37	232.17	222.24	227.9
Tangible Book Value	5.21B	4.59B	4.61B	4.44B	4.59B
Tangible Book Value Per Share	251.86	221.42	222.43	213.95	221.24
Total Debt	655M	629M	401M	657M	649M
Net Debt	-1.54B	-1.1B	-1.92B	-999M	-1.5B
Debt Equivalent Oper. Leases	4.98B	5.03B	4.85B	4.62B	4.57B
Minority Interest, Total (Incl. Fin. Div)	169M	179M	220M	249M	264M
Inventories - Raw Materials, Total	-	-	-	1M	1M
Inventories - Finished Goods, Total	2.16B	1.98B	1.65B	2.11B	1.84B
Inventories - Others	1M	1M	1M	-	-
Full Time Employees	235	241	211	195	198
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	5M

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Net Income	-240M	-468M	149M	-124M	206M
Depreciation & Amortization - CF	80M	92M	91M	119M	112M
Depreciation & Amortization, Total	80M	92M	91M	119M	112M
(Gain) Loss From Sale Of Asset	454M	1M	-1M	-1M	-240M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-80M
Other Operating Activities, Total	-58M	-36M	-35M	-38M	-29M
Change In Accounts Receivable	-306M	262M	-9M	112M	-84M
Change In Inventories	-575M	181M	296M	-452M	-30M
Change In Accounts Payable	-240M	-505M	177M	172M	-243M
Change in Other Net Operating Assets	-161M	162M	207M	-649M	147M
Cash from Operations	-1.05B	-311M	875M	-861M	-241M
Capital Expenditure	-158M	-13M	-19M	-12M	-8M
Sale of Property, Plant, and Equipment	-	-	8M	55M	712M
Cash Acquisitions	-	-	-	-11M	-20M
Sale (Purchase) of Intangible assets	-64M	-87M	-73M	-18M	-9M
Investment in Marketable and Equity Securities, Total	-	600M	-1M	-5M	101M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	30M
Other Investing Activities, Total	123M	-1M	18M	7M	-35M
Cash from Investing	-99M	499M	-67M	16M	771M
Short Term Debt Issued, Total	550M	-	-	149M	-
Total Debt Issued	550M	-	-	149M	-
Short Term Debt Repaid, Total	-	-	-209M	-	-
Long-Term Debt Repaid, Total	-75M	-	-	-	-3M
Total Debt Repaid	-75M	-	-209M	-	-3M
Issuance of Common Stock	-	10M	9M	-	-
Repurchase of Common Stock	-	-1M	-	-	-
Common Dividends Paid	-41M	-41M	-1M	-20M	-
Common & Preferred Stock Dividends Paid	-41M	-41M	-1M	-20M	-
Other Financing Activities, Total	81M	-27M	-27M	-38M	-28M
Cash from Financing	515M	-59M	-228M	91M	-31M
Foreign Exchange Rate Adjustments	-	5M	12M	85M	24M
Miscellaneous Cash Flow Adjustments	-1M	-	-2M	2M	-27M
Net Change in Cash	-631M	134M	590M	-667M	496M
Supplemental Items
Cash Interest Paid	1M	2M	2M	3M	7M
Cash Income Tax Paid (Refund)	56M	47M	36M	37M	29M
Levered Free Cash Flow	-1.34B	-216M	770M	-640M	-130M
Unlevered Free Cash Flow	-1.34B	-214M	771M	-637M	-125M
Change In Net Working Capital	1.32B	-106M	-710M	601M	144M
Net Debt Issued / Repaid	475M	-	-209M	149M	-3M

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Profitability
Return on Assets	1.65	-4.34	0.88	-1.74	-1.07
Return on Total Capital	2.11	-5.36	1.13	-2.28	-1.37
Return On Equity %	-5.14	-9.74	2.27	-3.2	2.58
Return on Common Equity	-5.39	-10.28	1.53	-3.97	2.42
Margin Analysis
Gross Profit Margin %	18.29	14.1	16.5	14.49	15.11
SG&A Margin	17.2	16.72	15.98	15.48	15.72
EBITDA Margin %	1.53	-2.14	1	-0.4	-0.05
EBITA Margin %	1.1	-2.62	0.52	-1	-0.61
EBIT Margin %	1.1	-2.62	0.52	-1	-0.61
Income From Continuing Operations Margin %	-1.57	-2.64	0.59	-0.79	0.64
Net Income Margin %	-1.59	-2.7	0.38	-0.93	0.57
Net Avail. For Common Margin %	-1.59	-2.7	0.38	-0.93	0.57
Normalized Net Income Margin	0.7	-1.58	0.28	-0.59	-0.55
Levered Free Cash Flow Margin	-7.27	-1.13	4.04	-3.19	-0.66
Unlevered Free Cash Flow Margin	-7.27	-1.12	4.04	-3.18	-0.63
Asset Turnover
Asset Turnover	2.41	2.65	2.73	2.8	2.79
Fixed Assets Turnover	19.38	19.91	21.02	20.52	23.98
Receivables Turnover (Average Receivables)	13.44	13.72	15.1	16.52	16.64
Inventory Turnover (Average Inventory)	8.06	7.9	8.77	9.11	8.53
Short Term Liquidity
Current Ratio	3.25	3.36	2.91	2.92	3.15
Quick Ratio	1.96	1.91	1.81	1.51	1.78
Operating Cash Flow to Current Liabilities	-0.55	-0.2	0.44	-0.46	-0.13
Days Sales Outstanding (Average Receivables)	27.15	26.61	24.24	22.09	21.93
Days Outstanding Inventory (Average Inventory)	45.26	46.23	41.75	40.05	42.81
Average Days Payable Outstanding	19.65	10.46	6.7	10.48	10.49
Cash Conversion Cycle (Average Days)	52.76	62.38	59.28	51.67	54.25
Long Term Solvency
Total Debt/Equity	12.03	12.81	7.97	13.53	13.01
Total Debt / Total Capital	10.74	11.36	7.38	11.92	11.51
LT Debt/Equity	1.75	1.41	1.01	3.23	0.38
Long-Term Debt / Total Capital	1.56	1.25	0.94	2.85	0.34
Total Liabilities / Total Assets	28.63	27.08	30.65	31.33	30.36
EBIT / Interest Expense	202	-166.33	49.5	-50	-15.25
EBITDA / Interest Expense	282	-135.67	95	-20.25	-1.25
(EBITDA - Capex) / Interest Expense	124	-140	85.5	-23.25	-2.25
Total Debt / EBITDA	2.32	-1.55	2.11	-8.11	-64.9
Net Debt / EBITDA	-5.46	2.71	-10.11	12.33	150
Total Debt / (EBITDA - Capex)	5.28	-1.5	2.35	-7.06	-36.06
Net Debt / (EBITDA - Capex)	-12.43	2.62	-11.23	10.74	83.33
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.67	3.67	0.07	5.04	-0.94
Gross Profit, 1 Yr. Growth %	-4.02	-20.1	17.12	-7.79	3.31
EBITDA, 1 Yr. Growth %	-13.76	-244.33	-146.68	-142.63	-87.65
EBITA, 1 Yr. Growth %	-14.77	-347.03	-119.84	-302.02	-39
EBIT, 1 Yr. Growth %	-14.77	-347.03	-119.84	-302.02	-39
Earnings From Cont. Operations, 1 Yr. Growth %	-270.41	75	-122.42	-239.82	-180.38
Net Income, 1 Yr. Growth %	-286.62	75.43	-114.2	-356.16	-160.43
Normalized Net Income, 1 Yr. Growth %	-7.99	-335.61	-117.39	-326.67	-7.88
Diluted EPS Before Extra, 1 Yr. Growth %	-286.63	75.19	-114.18	-356.1	-160.43
Accounts Receivable, 1 Yr. Growth %	25.29	-17.29	0.79	-8.75	6.14
Inventory, 1 Yr. Growth %	38.63	-8.36	-16.79	27.88	-12.7
Net Property, Plant and Equip., 1 Yr. Growth %	9.61	-7.06	-3.15	18.7	-43.87
Total Assets, 1 Yr. Growth %	-0.29	-11.72	7.8	-2.55	1.29
Tangible Book Value, 1 Yr. Growth %	1.17	-11.91	0.55	-3.82	3.4
Common Equity, 1 Yr. Growth %	-5.94	-10.31	1.75	-4.28	2.54
Cash From Operations, 1 Yr. Growth %	227.9	-70.27	-381.35	-198.4	-72.01
Capital Expenditures, 1 Yr. Growth %	62.89	-91.77	46.15	-36.84	-33.33
Levered Free Cash Flow, 1 Yr. Growth %	188.32	-83.86	-456.72	-183.09	-79.63
Unlevered Free Cash Flow, 1 Yr. Growth %	188.58	-83.99	-460.43	-182.63	-80.34
Dividend Per Share, 1 Yr. Growth %	0	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.28	9.03	1.86	2.53	2.01
Gross Profit, 2 Yr. CAGR %	-0.01	-12.43	-3.26	3.92	-2.4
EBITDA, 2 Yr. CAGR %	56.59	11.56	-17.92	-55.39	-77.06
EBITA, 2 Yr. CAGR %	88.25	45.1	-29.99	-36.69	11.01
EBIT, 2 Yr. CAGR %	88.25	45.1	-29.99	-36.69	11.01
Earnings From Cont. Operations, 2 Yr. CAGR %	36.31	72.69	-37.36	-44.01	6.01
Net Income, 2 Yr. CAGR %	37.05	80.94	-50.09	-39.68	24.42
Normalized Net Income, 2 Yr. CAGR %	70.4	47.24	-35.99	-37.21	44.5
Diluted EPS Before Extra, 2 Yr. CAGR %	36.71	80.82	-50.15	-39.73	24.4
Accounts Receivable, 2 Yr. CAGR %	117	1.8	-8.69	-4.1	-1.59
Inventory, 2 Yr. CAGR %	31.21	12.71	-12.68	3.15	5.66
Net Property, Plant and Equip., 2 Yr. CAGR %	7.46	0.93	-5.12	7.22	-18.37
Total Assets, 2 Yr. CAGR %	4.75	-6.18	-2.45	2.49	-0.65
Tangible Book Value, 2 Yr. CAGR %	1.56	-5.6	-5.89	-1.66	-0.27
Common Equity, 2 Yr. CAGR %	-1.6	-8.15	-4.47	-1.31	-0.93
Cash From Operations, 2 Yr. CAGR %	17.16	-1.26	-8.54	66.39	-47.52
Capital Expenditures, 2 Yr. CAGR %	344.41	-63.39	-65.32	-3.92	-35.11
Levered Free Cash Flow, 2 Yr. CAGR %	38.83	-31.77	-24.11	72.16	-58.86
Unlevered Free Cash Flow, 2 Yr. CAGR %	38.67	-32.03	-24.03	72.58	-59.69
Dividend Per Share, 2 Yr. CAGR %	-	-	-29.29	-	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-3.61	6.06	5.96	2.91	1.36
Gross Profit, 3 Yr. CAGR %	-7.02	-7.22	-3.52	-4.8	3.72
EBITDA, 3 Yr. CAGR %	63.1	52.39	-16.55	-34.02	-70.93
EBITA, 3 Yr. CAGR %	8.31	106.1	-25.25	-0.33	-37.47
EBIT, 3 Yr. CAGR %	8.31	106.1	-25.25	-0.33	-37.47
Earnings From Cont. Operations, 3 Yr. CAGR %	-12.51	48.15	-12.56	-18.14	-36.84
Net Income, 3 Yr. CAGR %	-7.48	48.8	-22.53	-13.9	-39.65
Normalized Net Income, 3 Yr. CAGR %	72.41	89.84	-27.76	-2.43	-28.66
Diluted EPS Before Extra, 3 Yr. CAGR %	-8.79	48.49	-22.6	-13.98	-39.68
Accounts Receivable, 3 Yr. CAGR %	44.32	57.34	1.46	-8.71	-0.8
Inventory, 3 Yr. CAGR %	2.32	16.41	1.87	-0.84	-2.43
Net Property, Plant and Equip., 3 Yr. CAGR %	0.99	2.39	-0.44	2.23	-13.58
Total Assets, 3 Yr. CAGR %	2.29	-1.06	-1.73	-2.48	2.09
Tangible Book Value, 3 Yr. CAGR %	0.23	-3.14	-3.59	-5.2	0
Common Equity, 3 Yr. CAGR %	0.67	-4.6	-4.96	-4.41	-0.04
Cash From Operations, 3 Yr. CAGR %	539.48	-25.82	39.98	-6.28	-8.15
Capital Expenditures, 3 Yr. CAGR %	216.15	17.57	-41.92	-57.65	-14.94
Levered Free Cash Flow, 3 Yr. CAGR %	103	-32.24	18.42	-21.78	-15.48
Unlevered Free Cash Flow, 3 Yr. CAGR %	102.18	-32.47	18.53	-21.87	-16.34
Dividend Per Share, 3 Yr. CAGR %	-20.63	-	-20.63	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-10.26	-4.85	-1.46	4.63	4.36
Gross Profit, 5 Yr. CAGR %	-9.92	-11.18	-5.54	-2.91	-3.07
EBITDA, 5 Yr. CAGR %	95.01	63.34	23.93	-6.77	-50.22
EBITA, 5 Yr. CAGR %	7.46	42.47	-9.04	28.54	-12.44
EBIT, 5 Yr. CAGR %	7.46	42.47	-9.04	28.54	-12.44
Earnings From Cont. Operations, 5 Yr. CAGR %	-4.78	24.87	-23.45	0.38	-5.55
Net Income, 5 Yr. CAGR %	-3.05	27.93	-27.72	3.69	-6.37
Normalized Net Income, 5 Yr. CAGR %	25.29	61.92	16	21.95	-4.67
Diluted EPS Before Extra, 5 Yr. CAGR %	-2.14	26.81	-28.37	3.53	-6.42
Accounts Receivable, 5 Yr. CAGR %	-0.38	11.65	20.17	29.07	0.23
Inventory, 5 Yr. CAGR %	-0.45	-1.16	-3.97	10.91	3.37
Net Property, Plant and Equip., 5 Yr. CAGR %	-4.88	-3.85	-1.5	4.29	-8.05
Total Assets, 5 Yr. CAGR %	-2.07	-2.96	0.36	0.35	-1.3
Tangible Book Value, 5 Yr. CAGR %	-2.04	-3.88	-2.26	-2.55	-2.28
Common Equity, 5 Yr. CAGR %	-2.05	-3.39	-1.42	-3.29	-3.37
Cash From Operations, 5 Yr. CAGR %	22.51	-20.94	193.76	2.47	-5.45
Capital Expenditures, 5 Yr. CAGR %	5.31	-6.3	30.6	8.45	-39.29
Levered Free Cash Flow, 5 Yr. CAGR %	26.73	-24.85	36.95	-1.6	-22.42
Unlevered Free Cash Flow, 5 Yr. CAGR %	26.95	-25.03	36.68	-1.72	-23
Dividend Per Share, 5 Yr. CAGR %	-12.94	-	-24.21	-	-12.94