Income Statement MicroAd, Inc.

Equities

9553

JP3860350002

Advertising & Marketing

Delayed Japan Exchange Other stock markets 02:06:26 2025-07-11 EDT			5-day change	1st Jan Change
512.00 ^JPY	-0.97%		+7.79%	+125.55%

07-01	Tranche Update on MicroAd, Inc.'s Equity Buyback Plan announced on December 20, 2024.	CI
06-29	MicroAd, Inc.'s Equity Buyback announced on December 20, 2024, has closed with 488,500 shares, representing 1.77% for ¥112.14 million.	CI

5a48f1b834a876efb54f3d66907bdafc.XyZBBICCAslwPnbtGwU3m6eC-ecsrFhySN5DqRnADmc.C0oNb-XrZoI3VjOyS1xS4v_WkN5Uwik0JrsT8Xvtex0GRQpy5bdVu0VoOw

Published financial data: MICROAD, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2020	2021	2022	2023	2024
Revenues	10.92B	11.67B	12.23B	12.87B	13.71B
Total Revenues	10.92B	11.67B	12.23B	12.87B	13.71B
Cost of Goods Sold, Total	7.91B	8.67B	8.44B	8.74B	9.63B
Gross Profit	3.01B	3B	3.79B	4.13B	4.08B
Selling General & Admin Expenses, Total	2.75B	2.81B	3.16B	3.3B	3.77B
Other Operating Expenses, Total	2.75B	2.81B	3.16B	3.3B	3.77B
Operating Income	255M	187M	627M	833M	307M
Interest Expense, Total	-12M	-8M	-11M	-4M	-11M
Interest And Investment Income	2M	2M	2M	3M	8M
Net Interest Expenses	-10M	-6M	-9M	-1M	-3M
Income (Loss) On Equity Invest.	-	22M	-14M	-	-10M
Currency Exchange Gains (Loss)	17M	-49M	1M	-76M	-10M
Other Non Operating Income (Expenses)	-6M	0	-13M	5M	7M
EBT, Excl. Unusual Items	256M	154M	592M	761M	291M
Gain (Loss) On Sale Of Investments	26M	9M	-76M	18M	75M
Gain (Loss) On Sale Of Assets	-19M	-	-	-	-9M
Other Unusual Items	-9M	-36M	3M	2M	-
EBT, Incl. Unusual Items	254M	127M	519M	781M	357M
Income Tax Expense	161M	116M	-58M	150M	81M
Earnings From Continuing Operations	93M	11M	577M	631M	276M
Net Income to Company	93M	11M	577M	631M	276M
Minority Interest	-50M	-49M	-81M	-66M	6M
Net Income - (IS)	43M	-38M	496M	565M	282M
Net Income to Common Incl Extra Items	43M	-38M	496M	565M	282M
Net Income to Common Excl. Extra Items	43M	-38M	496M	565M	282M
Per Share Items
Net EPS - Basic	1.75	-1.54	19.63	20.86	10.24
Basic EPS - Continuing Operations	1.75	-1.54	19.63	20.86	10.24
Basic Weighted Average Shares Outstanding	24.59M	24.65M	25.26M	27.08M	27.53M
Net EPS - Diluted	1.75	-1.54	19.36	19.85	10.03
Diluted EPS - Continuing Operations	1.75	-1.54	19.36	19.85	10.03
Diluted Weighted Average Shares Outstanding	24.59M	24.65M	25.64M	28.47M	28.18M
Normalized Basic EPS	4.47	1.92	11.44	15.13	6.82
Normalized Diluted EPS	4.47	1.92	11.27	14.39	6.67
Supplemental Items
EBITDA	-	-	739M	995M	571M
EBITA	255M	187M	627M	833M	350M
EBIT	255M	187M	627M	833M	307M
Effective Tax Rate - (Ratio)	63.39	91.34	-11.18	19.21	22.69
Normalized Net Income	110M	47.25M	289M	410M	188M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	17M	5M	-

Fiscal Period: September	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.93B	2.16B	3.3B	2.98B	2.48B
Total Cash And Short Term Investments	1.93B	2.16B	3.3B	2.98B	2.48B
Accounts Receivable, Total	1.32B	1.43B	1.6B	1.49B	1.65B
Notes Receivable	6M	29M	36M	25M	165M
Total Receivables	1.32B	1.46B	1.64B	1.52B	1.81B
Inventory	-	-	14M	13M	1M
Other Current Assets, Total	111M	74M	85M	503M	633M
Total Current Assets	3.37B	3.69B	5.03B	5.02B	4.92B
Net Property Plant And Equipment	56M	186M	215M	368M	549M
Long-term Investments	178M	183M	136M	628M	782M
Goodwill	-	-	-	73M	1.13B
Other Intangibles, Total	127M	145M	355M	573M	726M
Loans Receivable Long-Term	-	10M	-	8M	120M
Deferred Tax Assets Long-Term	5M	9M	189M	174M	164M
Other Long-Term Assets, Total	1M	2M	1M	1M	2M
Total Assets	3.73B	4.23B	5.92B	6.84B	8.39B
Liabilities
Accounts Payable, Total	1.08B	1.21B	1.3B	1.15B	1.22B
Short-term Borrowings	1.08B	880M	880M	1.18B	2.18B
Current Portion of Long-Term Debt	-	-	-	-	19M
Current Portion of Leases	19M	28M	26M	13M	25M
Current Income Taxes Payable	126M	95M	112M	101M	75M
Other Current Liabilities	507M	473M	674M	588M	654M
Total Current Liabilities	2.82B	2.68B	3B	3.03B	4.17B
Long-Term Debt	-	-	-	-	205M
Long-Term Leases	8M	30M	12M	-	35M
Deferred Tax Liability Non Current	-	-	1M	-	-
Other Non Current Liabilities	37M	46M	45M	83M	90M
Total Liabilities	2.86B	2.76B	3.05B	3.12B	4.5B
Common Stock, Total	470M	476M	916M	990M	1.01B
Additional Paid In Capital	733M	1.07B	1.47B	1.54B	1.55B
Retained Earnings	-660M	-714M	-232M	332M	615M
Comprehensive Income and Other	6M	95M	172M	245M	99M
Total Common Equity	549M	927M	2.32B	3.11B	3.28B
Minority Interest	323M	543M	549M	621M	616M
Total Equity	872M	1.47B	2.87B	3.73B	3.9B
Total Liabilities And Equity	3.73B	4.23B	5.92B	6.84B	8.39B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	24.59M	12.34M	26.76M	27.48M	27.71M
ECS Total Common Shares Outstanding	24.59M	12.34M	26.76M	27.47M	27.62M
Book Value / Share	22.33	75.15	86.76	113.1	118.74
Tangible Book Value	422M	782M	1.97B	2.46B	1.43B
Tangible Book Value Per Share	17.16	63.39	73.5	89.59	51.69
Total Debt	1.11B	938M	918M	1.19B	2.46B
Net Debt	-825M	-1.22B	-2.38B	-1.79B	-14M
Minority Interest, Total (Incl. Fin. Div)	323M	543M	549M	621M	616M
Inventories - Finished Goods, Total	-	-	14M	13M	1M
Full Time Employees	-	348	302	330	418
Accumulated Allowance for Doubtful Accounts (Supple)	21M	41M	52M	27M	28M

Fiscal Period: September	2020	2021	2022	2023	2024
Net Income	-	-	519M	782M	358M
Depreciation & Amortization - CF	-	-	112M	162M	221M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	43M
Depreciation & Amortization, Total	-	-	112M	162M	264M
(Gain) Loss on Sale of Investments - (CF)	-	-	113M	-42M	-2M
(Income) Loss On Equity Investments - (CF)	-	-	14M	-	10M
Other Operating Activities, Total	-	-	-108M	-144M	-136M
Change In Accounts Receivable	-	-	-138M	135M	-114M
Change In Inventories	-	-	-13M	1M	11M
Change In Accounts Payable	-	-	33M	-155M	59M
Change in Other Net Operating Assets	-	-	181M	-473M	-112M
Cash from Operations	-	-	713M	266M	338M
Capital Expenditure	-	-	-57M	-174M	-176M
Cash Acquisitions	-	-	-	-85M	-812M
Divestitures	-	-	-136M	-	-
Sale (Purchase) of Intangible assets	-	-	-251M	-303M	-277M
Investment in Marketable and Equity Securities, Total	-	-	-23M	-391M	-237M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	5M	1M	-256M
Other Investing Activities, Total	-	-	49M	-67M	-47M
Cash from Investing	-	-	-413M	-1.02B	-1.8B
Short Term Debt Issued, Total	-	-	-	300M	1B
Total Debt Issued	-	-	-	300M	1B
Long-Term Debt Repaid, Total	-	-	-	-	-6M
Total Debt Repaid	-	-	-	-	-6M
Issuance of Common Stock	-	-	879M	148M	22M
Other Financing Activities, Total	-	-	-198M	-27M	-19M
Cash from Financing	-	-	681M	421M	997M
Foreign Exchange Rate Adjustments	-	-	152M	20M	-36M
Miscellaneous Cash Flow Adjustments	-	-	-	2M	-
Net Change in Cash	-	-	1.13B	-310M	-506M
Supplemental Items
Cash Interest Paid	-	-	11M	4M	11M
Cash Income Tax Paid (Refund)	-	-	110M	150M	137M
Levered Free Cash Flow	-	-	303M	-348M	-312M
Unlevered Free Cash Flow	-	-	310M	-345M	-305M
Change In Net Working Capital	-	41M	-114M	551M	308M
Net Debt Issued / Repaid	-	-	-	300M	994M

Fiscal Period: September	2020	2021	2022	2023	2024
Profitability
Return on Assets	-	2.94	7.72	8.15	2.52
Return on Total Capital	-	5.33	12.65	11.95	3.4
Return On Equity %	-	0.94	26.58	19.12	7.24
Return on Common Equity	-	-5.15	30.53	20.81	8.83
Margin Analysis
Gross Profit Margin %	27.54	25.7	30.96	32.09	29.75
SG&A Margin	25.2	24.09	25.84	25.61	27.51
EBITDA Margin %	-	-	6.04	7.73	4.16
EBITA Margin %	2.34	1.6	5.13	6.47	2.55
EBIT Margin %	2.34	1.6	5.13	6.47	2.24
Income From Continuing Operations Margin %	0.85	0.09	4.72	4.9	2.01
Net Income Margin %	0.39	-0.33	4.06	4.39	2.06
Net Avail. For Common Margin %	0.39	-0.33	4.06	4.39	2.06
Normalized Net Income Margin	1.01	0.4	2.36	3.18	1.37
Levered Free Cash Flow Margin	-	-	2.48	-2.7	-2.28
Unlevered Free Cash Flow Margin	-	-	2.53	-2.68	-2.23
Asset Turnover
Asset Turnover	-	2.93	2.41	2.02	1.8
Fixed Assets Turnover	-	96.45	60.98	44.14	29.91
Receivables Turnover (Average Receivables)	-	8.5	8.07	8.32	8.73
Inventory Turnover (Average Inventory)	-	-	-	647.33	1.38K
Short Term Liquidity
Current Ratio	1.2	1.38	1.68	1.65	1.18
Quick Ratio	1.15	1.34	1.63	1.48	0.99
Operating Cash Flow to Current Liabilities	-	-	0.24	0.09	0.08
Days Sales Outstanding (Average Receivables)	-	42.95	45.21	43.87	41.93
Days Outstanding Inventory (Average Inventory)	-	-	-	0.56	0.27
Average Days Payable Outstanding	-	48.21	-	51.27	45
Cash Conversion Cycle (Average Days)	-	-	-	-6.84	-2.8
Long Term Solvency
Total Debt/Equity	126.95	63.81	31.97	32	63.24
Total Debt / Total Capital	55.94	38.95	24.23	24.24	38.74
LT Debt/Equity	0.92	2.04	0.42	-	6.16
Long-Term Debt / Total Capital	0.4	1.25	0.32	-	3.77
Total Liabilities / Total Assets	76.64	65.24	51.54	45.53	53.59
EBIT / Interest Expense	21.25	23.38	57	208.25	27.91
EBITDA / Interest Expense	-	-	67.18	248.75	51.91
(EBITDA - Capex) / Interest Expense	-	-	62	205.25	35.91
Total Debt / EBITDA	-	-	1.24	1.2	4.32
Net Debt / EBITDA	-	-	-3.22	-1.8	-0.02
Total Debt / (EBITDA - Capex)	-	-	1.35	1.45	6.24
Net Debt / (EBITDA - Capex)	-	-	-3.49	-2.18	-0.04
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	6.91	4.76	5.24	6.56
Gross Profit, 1 Yr. Growth %	-	-0.23	26.24	9.06	-1.21
EBITDA, 1 Yr. Growth %	-	-	-	34.64	-42.61
EBITA, 1 Yr. Growth %	-	-26.67	235.29	32.85	-57.98
EBIT, 1 Yr. Growth %	-	-26.67	235.29	32.85	-63.15
Earnings From Cont. Operations, 1 Yr. Growth %	-	-88.17	5.15K	9.36	-56.26
Net Income, 1 Yr. Growth %	-	-188.37	-1.41K	13.91	-50.09
Normalized Net Income, 1 Yr. Growth %	-	-57.05	511.64	41.74	-54.13
Diluted EPS Before Extra, 1 Yr. Growth %	-	-188.13	-1.36K	2.51	-49.47
Accounts Receivable, 1 Yr. Growth %	-	8.58	11.82	-6.57	10.31
Inventory, 1 Yr. Growth %	-	-	-	-7.14	-92.31
Net Property, Plant and Equip., 1 Yr. Growth %	-	232.14	15.59	71.16	49.18
Total Assets, 1 Yr. Growth %	-	13.29	40.1	15.51	22.65
Tangible Book Value, 1 Yr. Growth %	-	85.31	151.53	25.11	-41.97
Common Equity, 1 Yr. Growth %	-	68.85	150.49	33.81	5.57
Cash From Operations, 1 Yr. Growth %	-	-	-	-62.69	27.07
Capital Expenditures, 1 Yr. Growth %	-	-	-	205.26	1.15
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-	-214.81	-10.31
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-	-211.46	-11.65
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	5.83	5	5.9
Gross Profit, 2 Yr. CAGR %	-	-	12.23	17.34	3.8
EBITDA, 2 Yr. CAGR %	-	-	-	-	-12.1
EBITA, 2 Yr. CAGR %	-	-	56.81	111.06	-25.29
EBIT, 2 Yr. CAGR %	-	-	56.81	111.06	-30.03
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	149.08	657.39	-30.84
Net Income, 2 Yr. CAGR %	-	-	239.63	285.6	-24.6
Normalized Net Income, 2 Yr. CAGR %	-	-	62.09	194.44	-19.37
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	232.75	258.87	-28.03
Accounts Receivable, 2 Yr. CAGR %	-	-	10.19	2.21	1.52
Inventory, 2 Yr. CAGR %	-	-	-	-	-73.27
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	95.94	40.66	59.8
Total Assets, 2 Yr. CAGR %	-	-	25.98	27.21	19.03
Tangible Book Value, 2 Yr. CAGR %	-	-	115.9	77.4	-14.8
Common Equity, 2 Yr. CAGR %	-	-	105.66	83.08	18.85
Cash From Operations, 2 Yr. CAGR %	-	-	-	-	-31.15
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	75.72
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-	1.47
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-	-0.77
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	5.63	5.52
Gross Profit, 3 Yr. CAGR %	-	-	-	11.16	10.8
EBITA, 3 Yr. CAGR %	-	-	-	48.38	23.24
EBIT, 3 Yr. CAGR %	-	-	-	48.38	17.97
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	89.31	192.76
Net Income, 3 Yr. CAGR %	-	-	-	135.97	95.05
Normalized Net Income, 3 Yr. CAGR %	-	-	-	55	58.42
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	124.74	86.7
Accounts Receivable, 3 Yr. CAGR %	-	-	-	4.29	4.84
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	87.31	43.45
Total Assets, 3 Yr. CAGR %	-	-	-	22.39	25.67
Tangible Book Value, 3 Yr. CAGR %	-	-	-	80	22.23
Common Equity, 3 Yr. CAGR %	-	-	-	78.21	52.38