Income Statement MicroAd, Inc.

Stocks

9553

JP3860350002

Advertising & Marketing

Delayed Japan Exchange 02:30:00 2026-09-18 EDT			5-day change	1st Jan Change
646.00 ^JPY	+0.31%		+5.56%	-4.86%

07-21	MicroAd, Inc.'s Equity Buyback announced on July 17, 2026, has closed with 1,020,400 shares, representing 3.71% for ¥600 million.	CI
07-21	Tranche Update on MicroAd, Inc.'s Equity Buyback Plan announced on July 17, 2026.	CI

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Published financial data: MICROAD, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Revenues	11.67B	12.23B	12.87B	13.71B	15.67B
Total Revenues	11.67B	12.23B	12.87B	13.71B	15.67B
Cost of Goods Sold, Total	8.67B	8.44B	8.74B	9.63B	10.86B
Gross Profit	3B	3.79B	4.13B	4.08B	4.81B
Selling General & Admin Expenses, Total	2.81B	3.16B	3.3B	3.77B	4.2B
Other Operating Expenses, Total	2.81B	3.16B	3.3B	3.77B	4.2B
Operating Income	187M	627M	833M	307M	613M
Interest Expense, Total	-8M	-11M	-4M	-11M	-24M
Interest And Investment Income	2M	2M	3M	8M	16M
Net Interest Expenses	-6M	-9M	-1M	-3M	-8M
Income (Loss) On Equity Invest.	22M	-14M	-	-10M	-60M
Currency Exchange Gains (Loss)	-49M	1M	-76M	-10M	38M
Other Non Operating Income (Expenses)	0	-13M	5M	7M	-23M
EBT, Excl. Unusual Items	154M	592M	761M	291M	560M
Gain (Loss) On Sale Of Investments	9M	-76M	18M	75M	-340M
Gain (Loss) On Sale Of Assets	-	-	-	-9M	-20M
Asset Writedown	-	-	-	-	-137M
Other Unusual Items	-36M	3M	2M	-	-49M
EBT, Incl. Unusual Items	127M	519M	781M	357M	14M
Income Tax Expense	116M	-58M	150M	81M	-216M
Earnings From Continuing Operations	11M	577M	631M	276M	230M
Net Income to Company	11M	577M	631M	276M	230M
Minority Interest	-49M	-81M	-66M	6M	-35M
Net Income - (IS)	-38M	496M	565M	282M	195M
Net Income to Common Incl Extra Items	-38M	496M	565M	282M	195M
Net Income to Common Excl. Extra Items	-38M	496M	565M	282M	195M
Per Share Items
Net EPS - Basic	-1.54	19.63	20.86	10.24	7.1
Basic EPS - Continuing Operations	-1.54	19.63	20.86	10.24	7.1
Basic Weighted Average Shares Outstanding	24.65M	25.26M	27.08M	27.53M	27.46M
Net EPS - Diluted	-1.54	19.36	19.85	10.03	7.1
Diluted EPS - Continuing Operations	-1.54	19.36	19.85	10.03	7.1
Diluted Weighted Average Shares Outstanding	24.65M	25.64M	28.47M	28.18M	27.46M
Normalized Basic EPS	1.92	11.44	15.13	6.82	11.47
Normalized Diluted EPS	1.92	11.27	14.39	6.67	11.47
Supplemental Items
EBITDA	-	739M	995M	571M	970M
EBITA	187M	627M	833M	350M	739M
EBIT	187M	627M	833M	307M	613M
Effective Tax Rate - (Ratio)	91.34	-11.18	19.21	22.69	-1.54K
Normalized Net Income	47.25M	289M	410M	188M	315M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	17M	5M	-	-

Fiscal Period: September	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Assets
Cash And Equivalents	2.16B	3.3B	2.98B	2.48B	2.35B
Short Term Investments	-	-	-	-	157M
Total Cash And Short Term Investments	2.16B	3.3B	2.98B	2.48B	2.51B
Accounts Receivable, Total	1.43B	1.6B	1.49B	1.65B	2.2B
Notes Receivable	29M	36M	25M	165M	244M
Total Receivables	1.46B	1.64B	1.52B	1.81B	2.44B
Inventory	-	14M	13M	1M	1M
Other Current Assets, Total	74M	85M	503M	633M	366M
Total Current Assets	3.69B	5.03B	5.02B	4.92B	5.32B
Net Property Plant And Equipment	186M	215M	368M	549M	513M
Long-term Investments	183M	136M	628M	782M	1.15B
Goodwill	-	-	73M	1.13B	1B
Other Intangibles, Total	145M	355M	573M	726M	596M
Loans Receivable Long-Term	10M	-	8M	120M	58M
Deferred Tax Assets Long-Term	9M	189M	174M	164M	512M
Other Long-Term Assets, Total	2M	1M	1M	2M	1M
Total Assets	4.23B	5.92B	6.84B	8.39B	9.15B
Liabilities
Accounts Payable, Total	1.21B	1.3B	1.15B	1.22B	1.48B
Short-term Borrowings	880M	880M	1.18B	2.18B	2.48B
Current Portion of Long-Term Debt	-	-	-	19M	19M
Current Portion of Leases	28M	26M	13M	25M	26M
Current Income Taxes Payable	95M	112M	101M	75M	159M
Other Current Liabilities	473M	674M	588M	654M	804M
Total Current Liabilities	2.68B	3B	3.03B	4.17B	4.97B
Long-Term Debt	-	-	-	205M	185M
Long-Term Leases	30M	12M	-	35M	13M
Deferred Tax Liability Non Current	-	1M	-	-	-
Other Non Current Liabilities	46M	45M	83M	90M	88M
Total Liabilities	2.76B	3.05B	3.12B	4.5B	5.25B
Common Stock, Total	476M	916M	990M	1.01B	1.03B
Additional Paid In Capital	1.07B	1.47B	1.54B	1.55B	1.18B
Retained Earnings	-714M	-232M	332M	615M	1.18B
Treasury Stock	-	-	-	-	-112M
Comprehensive Income and Other	95M	172M	245M	99M	244M
Total Common Equity	927M	2.32B	3.11B	3.28B	3.53B
Minority Interest	543M	549M	621M	616M	366M
Total Equity	1.47B	2.87B	3.73B	3.9B	3.9B
Total Liabilities And Equity	4.23B	5.92B	6.84B	8.39B	9.15B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	12.34M	26.76M	27.48M	27.71M	27.36M
ECS Total Common Shares Outstanding	12.34M	26.76M	27.47M	27.62M	27.34M
Book Value / Share	75.15	86.76	113.1	118.74	129.07
Tangible Book Value	782M	1.97B	2.46B	1.43B	1.93B
Tangible Book Value Per Share	63.39	73.5	89.59	51.69	70.7
Total Debt	938M	918M	1.19B	2.46B	2.72B
Net Debt	-1.22B	-2.38B	-1.79B	-14M	212M
Minority Interest, Total (Incl. Fin. Div)	543M	549M	621M	616M	366M
Inventories - Finished Goods, Total	-	14M	13M	1M	1M
Full Time Employees	348	302	330	418	391
Accumulated Allowance for Doubtful Accounts (Supple)	41M	52M	27M	28M	19M

Fiscal Period: September	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Net Income	-	519M	782M	358M	14M
Depreciation & Amortization - CF	-	112M	162M	221M	231M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	43M	126M
Depreciation & Amortization, Total	-	112M	162M	264M	357M
(Gain) Loss From Sale Of Asset	-	-	-	-	137M
(Gain) Loss on Sale of Investments - (CF)	-	113M	-42M	-2M	342M
(Income) Loss On Equity Investments - (CF)	-	14M	-	10M	60M
Other Operating Activities, Total	-	-108M	-144M	-136M	-54M
Change In Accounts Receivable	-	-138M	135M	-114M	-602M
Change In Inventories	-	-13M	1M	11M	-
Change In Accounts Payable	-	33M	-155M	59M	309M
Change in Other Net Operating Assets	-	181M	-473M	-112M	218M
Cash from Operations	-	713M	266M	338M	781M
Capital Expenditure	-	-57M	-174M	-176M	-84M
Cash Acquisitions	-	-	-85M	-812M	-20M
Divestitures	-	-136M	-	-	-476M
Sale (Purchase) of Intangible assets	-	-251M	-303M	-277M	-188M
Investment in Marketable and Equity Securities, Total	-	-23M	-391M	-237M	-182M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	5M	1M	-256M	-223M
Other Investing Activities, Total	-	49M	-67M	-47M	24M
Cash from Investing	-	-413M	-1.02B	-1.8B	-1.15B
Short Term Debt Issued, Total	-	-	300M	1B	300M
Total Debt Issued	-	-	300M	1B	300M
Long-Term Debt Repaid, Total	-	-	-	-6M	-19M
Total Debt Repaid	-	-	-	-6M	-19M
Issuance of Common Stock	-	879M	148M	22M	20M
Repurchase of Common Stock	-	-	-	-	-112M
Other Financing Activities, Total	-	-198M	-27M	-19M	-27M
Cash from Financing	-	681M	421M	997M	162M
Foreign Exchange Rate Adjustments	-	152M	20M	-36M	81M
Miscellaneous Cash Flow Adjustments	-	-	2M	-	2M
Net Change in Cash	-	1.13B	-310M	-506M	-123M
Supplemental Items
Cash Interest Paid	-	11M	4M	11M	24M
Cash Income Tax Paid (Refund)	-	110M	150M	137M	56M
Levered Free Cash Flow	-	303M	-348M	-312M	591M
Unlevered Free Cash Flow	-	310M	-345M	-305M	606M
Change In Net Working Capital	41M	-114M	551M	308M	-138M
Net Debt Issued / Repaid	-	-	300M	994M	281M

Fiscal Period: September	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Profitability
Return on Assets	2.94	7.72	8.15	2.52	4.37
Return on Total Capital	5.33	12.65	11.95	3.4	5.9
Return On Equity %	0.94	26.58	19.12	7.24	5.9
Return on Common Equity	-5.15	30.53	20.81	8.83	5.73
Margin Analysis
Gross Profit Margin %	25.7	30.96	32.09	29.75	30.68
SG&A Margin	24.09	25.84	25.61	27.51	26.77
EBITDA Margin %	-	6.04	7.73	4.16	6.19
EBITA Margin %	1.6	5.13	6.47	2.55	4.72
EBIT Margin %	1.6	5.13	6.47	2.24	3.91
Income From Continuing Operations Margin %	0.09	4.72	4.9	2.01	1.47
Net Income Margin %	-0.33	4.06	4.39	2.06	1.24
Net Avail. For Common Margin %	-0.33	4.06	4.39	2.06	1.24
Normalized Net Income Margin	0.4	2.36	3.18	1.37	2.01
Levered Free Cash Flow Margin	-	2.48	-2.7	-2.28	3.77
Unlevered Free Cash Flow Margin	-	2.53	-2.68	-2.23	3.87
Asset Turnover
Asset Turnover	2.93	2.41	2.02	1.8	1.79
Fixed Assets Turnover	96.45	60.98	44.14	29.91	29.51
Receivables Turnover (Average Receivables)	8.5	8.07	8.32	8.73	8.15
Inventory Turnover (Average Inventory)	-	-	647.33	1.38K	10.86K
Short Term Liquidity
Current Ratio	1.38	1.68	1.65	1.18	1.07
Quick Ratio	1.34	1.63	1.48	0.99	0.95
Operating Cash Flow to Current Liabilities	-	0.24	0.09	0.08	0.16
Days Sales Outstanding (Average Receivables)	42.95	45.21	43.87	41.93	44.78
Days Outstanding Inventory (Average Inventory)	-	-	0.56	0.27	0.03
Average Days Payable Outstanding	48.21	-	51.27	45	45.28
Cash Conversion Cycle (Average Days)	-	-	-6.84	-2.8	-0.47
Long Term Solvency
Total Debt/Equity	63.81	31.97	32	63.24	69.91
Total Debt / Total Capital	38.95	24.23	24.24	38.74	41.15
LT Debt/Equity	2.04	0.42	-	6.16	5.08
Long-Term Debt / Total Capital	1.25	0.32	-	3.77	2.99
Total Liabilities / Total Assets	65.24	51.54	45.53	53.59	57.43
EBIT / Interest Expense	23.38	57	208.25	27.91	25.54
EBITDA / Interest Expense	-	67.18	248.75	51.91	40.42
(EBITDA - Capex) / Interest Expense	-	62	205.25	35.91	36.92
Total Debt / EBITDA	-	1.24	1.2	4.32	2.81
Net Debt / EBITDA	-	-3.22	-1.8	-0.02	0.22
Total Debt / (EBITDA - Capex)	-	1.35	1.45	6.24	3.07
Net Debt / (EBITDA - Capex)	-	-3.49	-2.18	-0.04	0.24
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	6.91	4.76	5.24	6.56	14.28
Gross Profit, 1 Yr. Growth %	-0.23	26.24	9.06	-1.21	17.87
EBITDA, 1 Yr. Growth %	-	-	34.64	-42.61	69.88
EBITA, 1 Yr. Growth %	-26.67	235.29	32.85	-57.98	111.14
EBIT, 1 Yr. Growth %	-26.67	235.29	32.85	-63.15	99.67
Earnings From Cont. Operations, 1 Yr. Growth %	-88.17	5.15K	9.36	-56.26	-16.67
Net Income, 1 Yr. Growth %	-188.37	-1.41K	13.91	-50.09	-30.85
Normalized Net Income, 1 Yr. Growth %	-57.05	511.64	41.74	-54.13	67.66
Diluted EPS Before Extra, 1 Yr. Growth %	-188.13	-1.36K	2.51	-49.47	-29.21
Accounts Receivable, 1 Yr. Growth %	8.58	11.82	-6.57	10.31	33.31
Inventory, 1 Yr. Growth %	-	-	-7.14	-92.31	0
Net Property, Plant and Equip., 1 Yr. Growth %	232.14	15.59	71.16	49.18	-6.56
Total Assets, 1 Yr. Growth %	13.29	40.1	15.51	22.65	8.99
Tangible Book Value, 1 Yr. Growth %	85.31	151.53	25.11	-41.97	35.36
Common Equity, 1 Yr. Growth %	68.85	150.49	33.81	5.57	7.59
Cash From Operations, 1 Yr. Growth %	-	-	-62.69	27.07	131.06
Capital Expenditures, 1 Yr. Growth %	-	-	205.26	1.15	-52.27
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-214.81	-10.31	-289.46
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-211.46	-11.65	-298.65
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	5.83	5	5.9	10.35
Gross Profit, 2 Yr. CAGR %	-	12.23	17.34	3.8	7.91
EBITDA, 2 Yr. CAGR %	-	-	-	-12.1	-1.26
EBITA, 2 Yr. CAGR %	-	56.81	111.06	-25.29	-5.81
EBIT, 2 Yr. CAGR %	-	56.81	111.06	-30.03	-14.22
Earnings From Cont. Operations, 2 Yr. CAGR %	-	149.08	657.39	-30.84	-39.63
Net Income, 2 Yr. CAGR %	-	239.63	285.6	-24.6	-41.25
Normalized Net Income, 2 Yr. CAGR %	-	62.09	194.44	-19.37	-12.31
Diluted EPS Before Extra, 2 Yr. CAGR %	-	232.75	258.87	-28.03	-40.19
Accounts Receivable, 2 Yr. CAGR %	-	10.19	2.21	1.52	21.27
Inventory, 2 Yr. CAGR %	-	-	-	-73.27	-72.26
Net Property, Plant and Equip., 2 Yr. CAGR %	-	95.94	40.66	59.8	18.07
Total Assets, 2 Yr. CAGR %	-	25.98	27.21	19.03	15.62
Tangible Book Value, 2 Yr. CAGR %	-	115.9	77.4	-14.8	-11.37
Common Equity, 2 Yr. CAGR %	-	105.66	83.08	18.85	6.58
Cash From Operations, 2 Yr. CAGR %	-	-	-	-31.15	71.35
Capital Expenditures, 2 Yr. CAGR %	-	-	-	75.72	-30.52
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	1.47	30.36
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-0.77	32.48
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	5.63	5.52	8.62
Gross Profit, 3 Yr. CAGR %	-	-	11.16	10.8	8.29
EBITDA, 3 Yr. CAGR %	-	-	-	-	9.49
EBITA, 3 Yr. CAGR %	-	-	48.38	23.24	5.63
EBIT, 3 Yr. CAGR %	-	-	48.38	17.97	-0.75
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	89.31	192.76	-26.4
Net Income, 3 Yr. CAGR %	-	-	135.97	95.05	-26.74
Normalized Net Income, 3 Yr. CAGR %	-	-	55	58.42	2.91
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	124.74	86.7	-28.43
Accounts Receivable, 3 Yr. CAGR %	-	-	4.29	4.84	11.17
Inventory, 3 Yr. CAGR %	-	-	-	-	-58.51
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	87.31	43.45	33.63
Total Assets, 3 Yr. CAGR %	-	-	22.39	25.67	15.58
Tangible Book Value, 3 Yr. CAGR %	-	-	80	22.23	-0.58
Common Equity, 3 Yr. CAGR %	-	-	78.21	52.38	14.97
Cash From Operations, 3 Yr. CAGR %	-	-	-	-	3.08
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	13.8
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	24.95
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	25.06
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	7.5
Gross Profit, 5 Yr. CAGR %	-	-	-	-	9.85
EBITA, 5 Yr. CAGR %	-	-	-	-	23.71
EBIT, 5 Yr. CAGR %	-	-	-	-	19.17
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	19.85
Net Income, 5 Yr. CAGR %	-	-	-	-	35.3
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	23.42
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	32.34
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	10.78
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	55.73
Total Assets, 5 Yr. CAGR %	-	-	-	-	19.64
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	35.58
Common Equity, 5 Yr. CAGR %	-	-	-	-	45.08