Income Statement Meiwa Corporation

Stocks

8103

JP3920600008

Commodity Chemicals

Market Closed - Japan Exchange 02:30:00 2026-09-04 EDT			5-day change	1st Jan Change
973.00 ^JPY	-0.31%		-0.61%	+2.85%

08-04	Tranche Update on Meiwa Corporation's Equity Buyback Plan announced on February 19, 2026.	CI
07-31	Meiwa Corporation Reports Earnings Results for the First Quarter Ended June 30, 2026	CI

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Published financial data: MEIWA CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Revenues	143B	157B	158B	157B	165B
Total Revenues	143B	157B	158B	157B	165B
Cost of Goods Sold, Total	132B	145B	147B	144B	151B
Gross Profit	10.89B	11.7B	11.56B	12.55B	14.27B
Selling General & Admin Expenses, Total	7.43B	8.06B	8.53B	9.04B	10.1B
Provision for Bad Debts	57M	-9M	52M	-55M	38M
Other Operating Expenses, Total	7.49B	8.05B	8.58B	8.98B	10.14B
Operating Income	3.4B	3.66B	2.97B	3.57B	4.13B
Interest Expense, Total	-69M	-133M	-73M	-43M	-90M
Interest And Investment Income	342M	651M	308M	240M	244M
Net Interest Expenses	273M	518M	235M	197M	154M
Income (Loss) On Equity Invest.	-290M	-1.14B	605M	641M	127M
Currency Exchange Gains (Loss)	-	-	-	-28M	-154M
Other Non Operating Income (Expenses)	24M	133M	219M	138M	178M
EBT, Excl. Unusual Items	3.41B	3.17B	4.03B	4.52B	4.44B
Gain (Loss) On Sale Of Investments	203M	37M	27M	174M	632M
Gain (Loss) On Sale Of Assets	-	-	-	-13M	-
Asset Writedown	-29M	-	-	-11M	-10M
Other Unusual Items	4M	1M	-	39M	30M
EBT, Incl. Unusual Items	3.59B	3.2B	4.06B	4.71B	5.09B
Income Tax Expense	1.15B	1.41B	1.26B	1.26B	1.61B
Earnings From Continuing Operations	2.43B	1.79B	2.8B	3.45B	3.48B
Net Income to Company	2.43B	1.79B	2.8B	3.45B	3.48B
Minority Interest	-27M	-74M	-46M	-73M	-110M
Net Income - (IS)	2.41B	1.72B	2.75B	3.38B	3.37B
Net Income to Common Incl Extra Items	2.41B	1.72B	2.75B	3.38B	3.37B
Net Income to Common Excl. Extra Items	2.41B	1.72B	2.75B	3.38B	3.37B
Per Share Items
Net EPS - Basic	57.63	41.18	66.08	83.27	83.98
Basic EPS - Continuing Operations	57.63	41.18	66.08	83.27	83.98
Basic Weighted Average Shares Outstanding	41.76M	41.76M	41.68M	40.54M	40.17M
Net EPS - Diluted	57.63	41.18	66.08	83.27	83.98
Diluted EPS - Continuing Operations	57.63	41.18	66.08	83.27	83.98
Diluted Weighted Average Shares Outstanding	41.76M	41.76M	41.68M	40.54M	40.17M
Normalized Basic EPS	50.39	45.62	59.33	67.84	66.31
Normalized Diluted EPS	50.39	45.62	59.33	67.84	66.31
Dividend Per Share	119	25	34	42	42
Payout Ratio	107.56	174.77	37.91	41.82	50.03
Supplemental Items
EBITDA	3.67B	3.91B	3.23B	3.83B	4.5B
EBITA	3.4B	3.66B	2.97B	3.57B	4.18B
EBIT	3.4B	3.66B	2.97B	3.57B	4.13B
Effective Tax Rate - (Ratio)	32.16	44.02	30.98	26.73	31.55
Normalized Net Income	2.1B	1.91B	2.47B	2.75B	2.66B
Non-Cash Pension Expense	78M	53M	24M	5M	-44M

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Assets
Cash And Equivalents	5.26B	8.42B	9.6B	8.38B	11.49B
Total Cash And Short Term Investments	5.26B	8.42B	9.6B	8.38B	11.49B
Accounts Receivable, Total	44.77B	45.46B	48.66B	41.26B	43.29B
Notes Receivable	126M	136M	-	-	-
Total Receivables	44.89B	45.59B	48.66B	41.26B	43.29B
Inventory	7.81B	8.72B	8.07B	7.02B	6.24B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	1.26B	733M	818M	761M	1.82B
Total Current Assets	59.22B	63.47B	67.14B	57.42B	62.85B
Net Property Plant And Equipment	1.17B	1.08B	1.37B	1.33B	1.9B
Long-term Investments	15.72B	15.85B	16.66B	15.73B	17.13B
Goodwill	-	-	-	-	1.22B
Other Intangibles, Total	208M	141M	110M	77M	1.35B
Loans Receivable Long-Term	2M	10M	5M	4M	2M
Deferred Tax Assets Long-Term	88M	182M	73M	75M	127M
Other Long-Term Assets, Total	1M	1M	1M	1M	2M
Total Assets	76.42B	80.72B	85.36B	74.63B	84.58B
Liabilities
Accounts Payable, Total	28.2B	30.42B	35.74B	28.47B	30.95B
Accrued Expenses, Total	681M	703M	826M	1B	1.03B
Short-term Borrowings	5.79B	7.26B	4.3B	991M	1.74B
Current Portion of Long-Term Debt	-	590M	20M	20M	920M
Current Portion of Leases	49M	12M	2M	56M	35M
Current Income Taxes Payable	485M	880M	465M	795M	735M
Other Current Liabilities	651M	719M	718M	950M	1.43B
Total Current Liabilities	35.85B	40.58B	42.07B	32.28B	36.84B
Long-Term Debt	590M	87M	541M	521M	2.04B
Long-Term Leases	11M	-	128M	12M	21M
Pension & Other Post Retirement Benefits	901M	847M	559M	84M	175M
Deferred Tax Liability Non Current	1.91B	2.1B	2.05B	1.62B	2.32B
Other Non Current Liabilities	1.19B	1.2B	1.23B	1.21B	1.09B
Total Liabilities	40.45B	44.8B	46.57B	35.73B	42.48B
Common Stock, Total	4.02B	4.02B	4.02B	4.02B	4.02B
Additional Paid In Capital	2.76B	2.76B	2.76B	2.79B	2.79B
Retained Earnings	23.66B	22.37B	24.12B	25.08B	26.92B
Treasury Stock	-4M	-4M	-146M	-83M	-362M
Comprehensive Income and Other	5.24B	6.32B	7.55B	6.65B	8B
Total Common Equity	35.68B	35.47B	38.3B	38.47B	41.38B
Minority Interest	287M	447M	476M	439M	717M
Total Equity	35.97B	35.92B	38.78B	38.91B	42.1B
Total Liabilities And Equity	76.42B	80.72B	85.36B	74.63B	84.58B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	41.76M	41.76M	41.05M	40.2M	38.52M
ECS Total Common Shares Outstanding	41.76M	41.76M	41.55M	40.2M	39.86M
Book Value / Share	854.32	849.41	921.95	957.03	1.04K
Tangible Book Value	35.47B	35.33B	38.2B	38.39B	38.8B
Tangible Book Value Per Share	849.34	846.04	919.31	955.11	973.49
Total Debt	6.44B	7.95B	4.99B	1.6B	4.76B
Net Debt	1.18B	-471M	-4.61B	-6.78B	-6.72B
Debt Equivalent of Unfunded Proj. Benefit Obligation	902M	847M	560M	-204M	-786M
Minority Interest, Total (Incl. Fin. Div)	287M	447M	476M	439M	717M
Inventories - Finished Goods, Total	7.81B	8.72B	8.07B	7.02B	6.24B
Full Time Employees	470	505	518	510	596
Accumulated Allowance for Doubtful Accounts (Supple)	229M	224M	245M	164M	217M
Order Backlog	5.3B	5.41B	5.46B	5.04B	5B

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Net Income	3.59B	3.21B	4.06B	4.71B	5.09B
Depreciation & Amortization - CF	271M	255M	255M	257M	327M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	42M
Depreciation & Amortization, Total	271M	255M	255M	257M	369M
(Gain) Loss From Sale Of Asset	29M	-	-	12M	-4M
(Gain) Loss on Sale of Investments - (CF)	-201M	-6M	-24M	-174M	-632M
(Income) Loss On Equity Investments - (CF)	306M	1.16B	-534M	-499M	-7M
Other Operating Activities, Total	-573M	-1.24B	-1.46B	-1.12B	-1.59B
Change In Accounts Receivable	-8.12B	-223M	-2.66B	7.39B	1.05B
Change In Inventories	-530M	-857M	932M	1.01B	1.56B
Change In Accounts Payable	2.04B	1.73B	4.99B	-7.2B	-699M
Change in Other Net Operating Assets	-113M	41M	99M	-40M	-741M
Cash from Operations	-3.31B	4.06B	5.66B	4.33B	4.41B
Capital Expenditure	-64M	-46M	-202M	-172M	-183M
Sale of Property, Plant, and Equipment	1M	2M	1M	9M	6M
Cash Acquisitions	-	477M	-	-	-769M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-13M	-4M	-25M	-20M	-149M
Investment in Marketable and Equity Securities, Total	-228M	402M	23M	403M	-140M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-13M	-21M	7M	139M	-1.94B
Other Investing Activities, Total	-3M	-6M	-6M	-9M	-23M
Cash from Investing	-320M	804M	-202M	350M	-3.19B
Short Term Debt Issued, Total	1.98B	1.29B	-	-	607M
Long-Term Debt Issued, Total	50M	100M	500M	-	2.6B
Total Debt Issued	2.03B	1.39B	500M	-	3.21B
Short Term Debt Repaid, Total	-	-	-2.97B	-3.3B	-
Long-Term Debt Repaid, Total	-50M	-31M	-615M	-20M	-179M
Total Debt Repaid	-50M	-31M	-3.58B	-3.32B	-179M
Repurchase of Common Stock	-	-	-142M	-936M	-279M
Common Dividends Paid	-2.59B	-3.01B	-1.04B	-1.41B	-1.69B
Common & Preferred Stock Dividends Paid	-2.59B	-3.01B	-1.04B	-1.41B	-1.69B
Other Financing Activities, Total	-62M	-74M	-79M	-139M	-102M
Cash from Financing	-670M	-1.72B	-4.35B	-5.81B	959M
Foreign Exchange Rate Adjustments	110M	-49M	50M	-84M	343M
Miscellaneous Cash Flow Adjustments	-	-	16M	1M	398M
Net Change in Cash	-4.19B	3.1B	1.18B	-1.21B	2.91B
Supplemental Items
Cash Interest Paid	72M	133M	75M	45M	88M
Cash Income Tax Paid (Refund)	586M	1.14B	1.5B	1.2B	1.58B
Levered Free Cash Flow	-5.67B	4.03B	4.37B	4.25B	3.16B
Unlevered Free Cash Flow	-5.63B	4.12B	4.42B	4.27B	3.22B
Change In Net Working Capital	7.95B	-1.63B	-2.53B	-1.98B	-600M
Net Debt Issued / Repaid	1.98B	1.36B	-3.08B	-3.32B	3.03B

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Profitability
Return on Assets	2.9	2.91	2.24	2.79	3.24
Return on Total Capital	5.22	5.3	4.24	5.3	5.91
Return On Equity %	6.89	4.99	7.5	8.88	8.6
Return on Common Equity	6.87	4.83	7.47	8.79	8.45
Margin Analysis
Gross Profit Margin %	7.62	7.47	7.3	8.01	8.65
SG&A Margin	5.2	5.14	5.39	5.77	6.12
EBITDA Margin %	2.57	2.5	2.04	2.44	2.73
EBITA Margin %	2.38	2.33	1.88	2.28	2.53
EBIT Margin %	2.38	2.33	1.88	2.28	2.51
Income From Continuing Operations Margin %	1.7	1.15	1.77	2.2	2.11
Net Income Margin %	1.68	1.1	1.74	2.15	2.05
Net Avail. For Common Margin %	1.68	1.1	1.74	2.15	2.05
Normalized Net Income Margin	1.47	1.22	1.56	1.76	1.62
Levered Free Cash Flow Margin	-3.97	2.57	2.76	2.71	1.92
Unlevered Free Cash Flow Margin	-3.94	2.63	2.79	2.73	1.95
Asset Turnover
Asset Turnover	1.95	1.99	1.91	1.96	2.07
Fixed Assets Turnover	115.34	139.44	129.47	116.31	102.25
Receivables Turnover (Average Receivables)	3.56	3.47	3.36	3.49	3.9
Inventory Turnover (Average Inventory)	17.99	17.53	17.48	19.11	22.72
Short Term Liquidity
Current Ratio	1.65	1.56	1.6	1.78	1.71
Quick Ratio	1.4	1.33	1.38	1.54	1.49
Operating Cash Flow to Current Liabilities	-0.09	0.1	0.13	0.13	0.12
Days Sales Outstanding (Average Receivables)	102.43	105.1	108.82	104.7	93.55
Days Outstanding Inventory (Average Inventory)	20.29	20.82	20.94	19.1	16.07
Average Days Payable Outstanding	73.64	73.33	82.88	81.88	72.35
Cash Conversion Cycle (Average Days)	49.09	52.59	46.88	41.92	37.27
Long Term Solvency
Total Debt/Equity	17.9	22.12	12.86	4.11	11.31
Total Debt / Total Capital	15.18	18.12	11.39	3.95	10.16
LT Debt/Equity	1.67	0.24	1.72	1.37	4.9
Long-Term Debt / Total Capital	1.42	0.2	1.53	1.32	4.4
Total Liabilities / Total Assets	52.93	55.5	54.56	47.87	50.23
EBIT / Interest Expense	49.32	27.49	40.7	83.02	45.92
EBITDA / Interest Expense	53.25	29.41	44.19	89	50.02
(EBITDA - Capex) / Interest Expense	52.32	29.06	41.42	85	47.99
Total Debt / EBITDA	1.75	2.03	1.55	0.42	1.06
Net Debt / EBITDA	0.32	-0.12	-1.43	-1.77	-1.49
Total Debt / (EBITDA - Capex)	1.78	2.06	1.65	0.44	1.1
Net Debt / (EBITDA - Capex)	0.33	-0.12	-1.52	-1.86	-1.56
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.85	9.53	1.03	-0.98	5.23
Gross Profit, 1 Yr. Growth %	17.06	7.42	-1.26	8.64	13.67
EBITDA, 1 Yr. Growth %	48.93	6.45	-17.51	18.63	17.64
EBITA, 1 Yr. Growth %	51.92	7.43	-18.74	20.16	16.95
EBIT, 1 Yr. Growth %	51.92	7.43	-18.74	20.16	15.77
Earnings From Cont. Operations, 1 Yr. Growth %	99.02	-26.29	56.08	23.18	1.01
Net Income, 1 Yr. Growth %	100.92	-28.54	60.12	22.59	-0.06
Normalized Net Income, 1 Yr. Growth %	92.17	-9.45	29.78	11.24	-3.16
Diluted EPS Before Extra, 1 Yr. Growth %	100.92	-28.54	60.45	26	0.86
Accounts Receivable, 1 Yr. Growth %	26.06	1.55	7.04	-15.21	4.93
Inventory, 1 Yr. Growth %	13.63	11.61	-7.46	-13.02	-11.03
Net Property, Plant and Equip., 1 Yr. Growth %	-10.98	-7.62	26.6	-2.71	42.74
Total Assets, 1 Yr. Growth %	9.09	5.64	5.74	-12.56	13.33
Tangible Book Value, 1 Yr. Growth %	3.84	-0.39	8.1	0.51	1.07
Common Equity, 1 Yr. Growth %	3.62	-0.57	7.98	0.43	7.57
Cash From Operations, 1 Yr. Growth %	-173.56	-222.96	39.16	-23.39	1.66
Capital Expenditures, 1 Yr. Growth %	-80.31	-28.12	339.13	-14.85	6.4
Levered Free Cash Flow, 1 Yr. Growth %	-330.12	-171.09	8.39	-2.88	-25.49
Unlevered Free Cash Flow, 1 Yr. Growth %	-323.28	-173.11	7.31	-3.27	-24.64
Dividend Per Share, 1 Yr. Growth %	693.33	-78.99	36	23.53	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.16	9.69	5.2	0.02	2.08
Gross Profit, 2 Yr. CAGR %	5.13	12.14	2.99	3.57	11.12
EBITDA, 2 Yr. CAGR %	49.72	25.91	-6.3	-1.08	18.13
EBITA, 2 Yr. CAGR %	51.33	27.76	-6.56	-1.18	18.54
EBIT, 2 Yr. CAGR %	51.43	27.76	-6.56	-1.18	17.95
Earnings From Cont. Operations, 2 Yr. CAGR %	7.23	21.12	7.26	38.65	11.55
Net Income, 2 Yr. CAGR %	7.29	19.82	6.97	40.1	10.69
Normalized Net Income, 2 Yr. CAGR %	41.76	31.91	8.4	20.15	3.79
Diluted EPS Before Extra, 2 Yr. CAGR %	7.29	19.82	7.08	42.19	12.74
Accounts Receivable, 2 Yr. CAGR %	13.28	13.14	4.26	-4.73	-5.68
Inventory, 2 Yr. CAGR %	1.96	12.61	1.62	-10.29	-12.03
Net Property, Plant and Equip., 2 Yr. CAGR %	3.42	-9.31	8.14	10.98	17.84
Total Assets, 2 Yr. CAGR %	7.91	7.35	5.69	-3.85	-0.46
Tangible Book Value, 2 Yr. CAGR %	7.68	1.71	3.77	4.24	0.79
Common Equity, 2 Yr. CAGR %	7.76	1.5	3.61	4.13	3.94
Cash From Operations, 2 Yr. CAGR %	5.54	-4.89	30.81	3.26	-11.75
Capital Expenditures, 2 Yr. CAGR %	-60.87	-62.38	77.66	93.37	-4.82
Levered Free Cash Flow, 2 Yr. CAGR %	27.86	27.9	-12.22	2.6	-14.93
Unlevered Free Cash Flow, 2 Yr. CAGR %	25.74	27.77	-11.43	1.88	-14.63
Dividend Per Share, 2 Yr. CAGR %	45.77	29.1	-46.55	29.61	11.14
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.56	4.56	6.73	3.1	1.73
Gross Profit, 3 Yr. CAGR %	-1.13	5.89	7.48	4.84	6.83
EBITDA, 3 Yr. CAGR %	9	33.63	9.35	1.37	4.8
EBITA, 3 Yr. CAGR %	8.75	35	9.87	1.61	4.52
EBIT, 3 Yr. CAGR %	8.87	35.06	9.87	1.61	4.17
Earnings From Cont. Operations, 3 Yr. CAGR %	2.05	-5.37	31.8	12.32	24.76
Net Income, 3 Yr. CAGR %	2.02	-6.3	31.98	11.94	25.18
Normalized Net Income, 3 Yr. CAGR %	1.52	22.08	31.2	9.34	11.82
Diluted EPS Before Extra, 3 Yr. CAGR %	2.02	-6.3	32.07	13.05	26.81
Accounts Receivable, 3 Yr. CAGR %	1.56	9.22	11.07	-2.68	-1.62
Inventory, 3 Yr. CAGR %	4.31	5.08	5.48	-3.51	-10.53
Net Property, Plant and Equip., 3 Yr. CAGR %	18.84	-0.4	1.35	4.4	20.69
Total Assets, 3 Yr. CAGR %	1.93	7.15	6.81	-0.78	1.57
Tangible Book Value, 3 Yr. CAGR %	2.55	4.92	3.79	2.67	3.17
Common Equity, 3 Yr. CAGR %	2.6	4.91	3.62	2.54	5.27
Cash From Operations, 3 Yr. CAGR %	94.98	11.05	7.97	9.44	2.72
Capital Expenditures, 3 Yr. CAGR %	-23.69	-52.08	-14.66	39.03	58.45
Levered Free Cash Flow, 3 Yr. CAGR %	88.75	5.14	21.04	-9.21	-7.78
Unlevered Free Cash Flow, 3 Yr. CAGR %	95.91	4.95	20.55	-8.79	-7.86
Dividend Per Share, 3 Yr. CAGR %	128.31	-23.57	31.36	-29.33	18.88
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.2	2.01	0.47	2.72	4.84
Gross Profit, 5 Yr. CAGR %	1.17	2.15	0.5	4.96	8.92
EBITDA, 5 Yr. CAGR %	8.57	12.51	2.6	18.48	12.78
EBITA, 5 Yr. CAGR %	8.24	12.64	2.34	19.16	13.26
EBIT, 5 Yr. CAGR %	8.33	12.78	2.41	19.19	13.03
Earnings From Cont. Operations, 5 Yr. CAGR %	0.93	-3	4.1	10.25	23.29
Net Income, 5 Yr. CAGR %	0.94	-3.62	3.97	10.06	23.01
Normalized Net Income, 5 Yr. CAGR %	2.3	1.12	4.22	21.31	19.46
Diluted EPS Before Extra, 5 Yr. CAGR %	0.94	-3.62	4.01	10.71	23.97
Accounts Receivable, 5 Yr. CAGR %	4.07	1.81	2.63	3.41	4.04
Inventory, 5 Yr. CAGR %	11.1	5.77	3.23	-1.36	-1.91
Net Property, Plant and Equip., 5 Yr. CAGR %	13.69	4.74	14.44	4.01	7.65
Total Assets, 5 Yr. CAGR %	3.73	1.78	3.42	2.61	3.84
Tangible Book Value, 5 Yr. CAGR %	3.93	2.02	3.03	4.64	2.58
Common Equity, 5 Yr. CAGR %	3.87	1.94	3.01	4.6	3.74
Cash From Operations, 5 Yr. CAGR %	-2.83	75.81	66.21	7.87	-0.39
Capital Expenditures, 5 Yr. CAGR %	0	-30.12	7	-16.27	-10.85
Levered Free Cash Flow, 5 Yr. CAGR %	14.23	25.16	38.96	4.12	5.11
Unlevered Free Cash Flow, 5 Yr. CAGR %	13.74	26.83	42.61	3.71	5.01
Dividend Per Share, 5 Yr. CAGR %	71.59	25.59	27.73	-5.59	22.87