NAKABOHTEC CORROSION PROTECTING CO.,LTD.

Income Statement Nakabohtec Corrosion Protecting Co.,Ltd.

Stocks

1787

JP3644600003

Iron & Steel

Market Closed - Japan Exchange 01:14:21 2026-10-08 EDT			5-day change	1st Jan Change
5,670.00 ^JPY	-0.53%		+0.89%	+2.16%

08-04	Nakabohtec Corrosion Protecting Co.,Ltd.'s Equity Buyback announced on August 3, 2026, has closed with 290,500 shares, representing 11.85% for ¥1,722.67 million.	CI
08-04	Tranche Update on Nakabohtec Corrosion Protecting Co.,Ltd.'s Equity Buyback Plan announced on August 3, 2026.	CI

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Published financial data: NAKABOHTEC CORROSION PROTECTING CO.,LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Revenues	12.91B	14.16B	13.78B	14.72B	14.9B
Other Revenues, Total	-	1M	-	1M	1M
Total Revenues	12.91B	14.16B	13.78B	14.72B	14.9B
Cost of Goods Sold, Total	9.83B	10.74B	10.41B	10.94B	10.98B
Gross Profit	3.08B	3.42B	3.37B	3.78B	3.93B
Selling General & Admin Expenses, Total	1.92B	2.02B	2.08B	2.2B	2.44B
Provision for Bad Debts	-	-	-	-	52M
R&D Expenses	1M	1M	1M	4M	1M
Depreciation & Amortization - (IS)	36M	86M	55M	54M	55M
Other Operating Expenses	62M	67M	65M	71M	73M
Other Operating Expenses, Total	2.02B	2.17B	2.2B	2.33B	2.62B
Operating Income	1.06B	1.25B	1.18B	1.46B	1.31B
Interest And Investment Income	20M	15M	17M	30M	50M
Net Interest Expenses	20M	15M	17M	30M	50M
Other Non Operating Income (Expenses)	8M	7M	4M	8M	16M
EBT, Excl. Unusual Items	1.09B	1.27B	1.2B	1.5B	1.38B
Gain (Loss) On Sale Of Investments	-	-	-	-4M	209M
Gain (Loss) On Sale Of Assets	3M	2M	5M	6M	6M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	12M	-	-	-
EBT, Incl. Unusual Items	1.09B	1.28B	1.2B	1.5B	1.59B
Income Tax Expense	331M	384M	369M	450M	407M
Earnings From Continuing Operations	763M	899M	834M	1.05B	1.19B
Net Income to Company	763M	899M	834M	1.05B	1.19B
Net Income - (IS)	763M	899M	834M	1.05B	1.19B
Net Income to Common Incl Extra Items	763M	899M	834M	1.05B	1.19B
Net Income to Common Excl. Extra Items	763M	899M	834M	1.05B	1.19B
Per Share Items
Net EPS - Basic	311.94	365	338.75	425.61	482.51
Basic EPS - Continuing Operations	311.94	365	338.75	425.61	482.51
Basic Weighted Average Shares Outstanding	2.45M	2.46M	2.46M	2.46M	2.46M
Net EPS - Diluted	311.94	365	338.75	425.61	482.51
Diluted EPS - Continuing Operations	311.94	365	338.75	425.61	482.51
Diluted Weighted Average Shares Outstanding	2.45M	2.46M	2.46M	2.46M	2.46M
Normalized Basic EPS	278.77	322.02	304.12	379.83	350.39
Normalized Diluted EPS	278.77	322.02	304.12	379.83	350.39
Payout Ratio	104.46	60.29	75.18	56.35	62.14
Supplemental Items
EBITDA	1.16B	1.39B	1.29B	1.58B	1.45B
EBITA	1.06B	1.25B	1.18B	1.46B	1.31B
EBIT	1.06B	1.25B	1.18B	1.46B	1.31B
EBITDAR	1.31B	1.54B	1.44B	1.73B	1.6B
Effective Tax Rate - (Ratio)	30.26	29.93	30.67	30.06	25.55
Normalized Net Income	682M	793M	749M	934M	861M
Non-Cash Pension Expense	1M	1M	73M	35M	16M
Supplemental Operating Expense Items
Advertising Expense	6M	6M	11M	22M	34M
Selling and Marketing Expenses	21M	33M	25M	39M	45M
General and Administrative Expenses	162M	177M	159M	157M	145M
Research And Development Expense From Footnotes	162M	201M	186M	201M	301M
Net Rental Expense, Total	149M	145M	149M	148M	146M

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Assets
Cash And Equivalents	913M	1.45B	1B	1.28B	1.28B
Short Term Investments	2.41B	1.97B	2.92B	2.64B	3.56B
Total Cash And Short Term Investments	3.32B	3.42B	3.93B	3.92B	4.84B
Accounts Receivable, Total	4.7B	5.19B	4.54B	5.33B	4.29B
Total Receivables	4.7B	5.19B	4.54B	5.33B	4.29B
Inventory	752M	788M	873M	1.01B	931M
Prepaid Expenses	109M	109M	105M	104M	78M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	69M	9M	11M	9M	14M
Total Current Assets	8.95B	9.51B	9.45B	10.36B	10.16B
Net Property Plant And Equipment	678M	749M	720M	723M	750M
Long-term Investments	660M	595M	664M	565M	911M
Other Intangibles, Total	28M	23M	25M	21M	26M
Deferred Tax Assets Long-Term	539M	541M	465M	469M	323M
Other Long-Term Assets, Total	1M	1M	1M	3M	2M
Total Assets	10.86B	11.42B	11.33B	12.15B	12.17B
Liabilities
Accounts Payable, Total	916M	783M	612M	833M	680M
Accrued Expenses, Total	651M	646M	632M	719M	804M
Current Income Taxes Payable	382M	615M	569M	626M	626M
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	215M	282M	192M	332M	107M
Total Current Liabilities	2.16B	2.33B	2B	2.51B	2.22B
Pension & Other Post Retirement Benefits	1.04B	1.05B	986M	866M	522M
Other Non Current Liabilities	12M	39M	40M	40M	64M
Total Liabilities	3.22B	3.41B	3.03B	3.42B	2.8B
Common Stock, Total	866M	866M	866M	866M	866M
Additional Paid In Capital	870M	870M	870M	870M	873M
Retained Earnings	6.29B	6.64B	6.85B	7.31B	7.75B
Treasury Stock	-489M	-489M	-489M	-489M	-538M
Comprehensive Income and Other	108M	118M	200M	177M	410M
Total Common Equity	7.64B	8.01B	8.3B	8.73B	9.36B
Total Equity	7.64B	8.01B	8.3B	8.73B	9.36B
Total Liabilities And Equity	10.86B	11.42B	11.33B	12.15B	12.17B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.46M	2.46M	2.46M	2.46M	2.45M
ECS Total Common Shares Outstanding	2.46M	2.46M	2.46M	2.46M	2.45M
Book Value / Share	3.1K	3.25K	3.37K	3.55K	3.82K
Tangible Book Value	7.61B	7.98B	8.27B	8.71B	9.34B
Tangible Book Value Per Share	3.09K	3.24K	3.36K	3.54K	3.81K
Total Debt	0	0	0	0	0
Net Debt	-3.32B	-3.42B	-3.93B	-3.92B	-4.84B
Debt Equivalent of Unfunded Proj. Benefit Obligation	939M	916M	833M	640M	-147M
Debt Equivalent Oper. Leases	1.19B	1.16B	1.19B	1.18B	1.17B
Inventories - Raw Materials, Total	94M	101M	75M	150M	139M
Inventories - Work In Process, Total	186M	278M	236M	233M	149M
Inventories - Finished Goods, Total	471M	407M	561M	622M	642M
Inventories - Others	1M	2M	1M	1M	1M
Full Time Employees	268	268	265	274	282
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	11M
Order Backlog	3.02B	3.41B	3.47B	3.66B	3.36B

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Net Income	1.1B	1.28B	1.2B	1.5B	1.59B
Depreciation & Amortization - CF	98M	147M	114M	124M	140M
Depreciation & Amortization, Total	98M	147M	114M	124M	140M
(Gain) Loss From Sale Of Asset	-	2M	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	4M	-209M
Other Operating Activities, Total	-543M	-256M	-391M	-329M	-454M
Change In Accounts Receivable	1.22B	-487M	650M	-794M	1.02B
Change In Inventories	-210M	-35M	-85M	-132M	75M
Change In Accounts Payable	-234M	-50M	-144M	148M	-61M
Change in Other Net Operating Assets	-100M	218M	-121M	174M	-419M
Cash from Operations	1.33B	822M	1.23B	692M	1.69B
Capital Expenditure	-99M	-181M	-70M	-121M	-163M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Sale (Purchase) of Intangible assets	-11M	-3M	-9M	-4M	-14M
Investment in Marketable and Equity Securities, Total	-9M	-10M	-9M	11M	203M
Other Investing Activities, Total	-105M	9M	-1M	-	-1M
Cash from Investing	-224M	-185M	-89M	-114M	25M
Repurchase of Common Stock	-	-	-	-	-55M
Common Dividends Paid	-797M	-542M	-627M	-590M	-737M
Common & Preferred Stock Dividends Paid	-797M	-542M	-627M	-590M	-737M
Other Financing Activities, Total	-3M	-2M	-1M	-	-
Cash from Financing	-800M	-544M	-628M	-590M	-792M
Miscellaneous Cash Flow Adjustments	-1M	-1M	-	-	-
Net Change in Cash	303M	92M	510M	-12M	924M
Supplemental Items
Cash Income Tax Paid (Refund)	542M	256M	390M	330M	454M
Levered Free Cash Flow	987M	440M	1.02B	490M	1.62B
Unlevered Free Cash Flow	987M	440M	1.02B	490M	1.62B
Change In Net Working Capital	-335M	302M	-247M	420M	-840M

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Profitability
Return on Assets	6.01	7	6.47	7.76	6.74
Return on Total Capital	8.8	9.96	9.02	10.7	9.06
Return On Equity %	10.11	11.49	10.23	12.3	13.11
Return on Common Equity	10.11	11.49	10.23	12.3	13.11
Margin Analysis
Gross Profit Margin %	23.85	24.13	24.48	25.7	26.36
SG&A Margin	14.85	14.23	15.06	14.93	16.34
EBITDA Margin %	8.99	9.85	9.37	10.74	9.74
EBITA Margin %	8.23	8.81	8.54	9.89	8.8
EBIT Margin %	8.23	8.81	8.54	9.89	8.8
Income From Continuing Operations Margin %	5.91	6.35	6.05	7.11	7.96
Net Income Margin %	5.91	6.35	6.05	7.11	7.96
Net Avail. For Common Margin %	5.91	6.35	6.05	7.11	7.96
Normalized Net Income Margin	5.28	5.6	5.43	6.35	5.78
Levered Free Cash Flow Margin	7.65	3.11	7.38	3.33	10.89
Unlevered Free Cash Flow Margin	7.65	3.11	7.38	3.33	10.89
Asset Turnover
Asset Turnover	1.17	1.27	1.21	1.25	1.23
Fixed Assets Turnover	19.32	19.84	18.76	20.41	20.23
Receivables Turnover (Average Receivables)	2.43	2.86	2.83	2.98	3.1
Inventory Turnover (Average Inventory)	15.19	13.95	12.53	11.65	11.33
Short Term Liquidity
Current Ratio	4.14	4.09	4.71	4.13	4.58
Quick Ratio	3.71	3.7	4.22	3.68	4.12
Operating Cash Flow to Current Liabilities	0.61	0.35	0.61	0.28	0.76
Days Sales Outstanding (Average Receivables)	150.14	127.44	129.12	122.3	117.87
Days Outstanding Inventory (Average Inventory)	24.02	26.16	29.21	31.34	32.21
Average Days Payable Outstanding	34.88	28.77	24.33	23.81	25.33
Cash Conversion Cycle (Average Days)	139.28	124.84	134	129.83	124.75
Long Term Solvency
Total Liabilities / Total Assets	29.64	29.87	26.76	28.12	23.04
Net Debt / EBITDA	-2.86	-2.45	-3.04	-2.48	-3.33
Net Debt / (EBITDA - Capex)	-3.13	-2.82	-3.22	-2.68	-3.75
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-0.8	9.68	-2.67	6.86	1.21
Gross Profit, 1 Yr. Growth %	-6.07	10.95	-1.26	12.18	3.81
EBITDA, 1 Yr. Growth %	-14.44	20.07	-7.39	22.46	-8.16
EBITA, 1 Yr. Growth %	-16.63	17.31	-5.61	23.79	-9.95
EBIT, 1 Yr. Growth %	-16.63	17.31	-5.61	23.79	-9.95
Earnings From Cont. Operations, 1 Yr. Growth %	-15.32	17.82	-7.23	25.54	13.28
Net Income, 1 Yr. Growth %	-15.32	17.82	-7.23	25.54	13.28
Normalized Net Income, 1 Yr. Growth %	-16.53	16.32	-5.6	24.79	-7.83
Diluted EPS Before Extra, 1 Yr. Growth %	-14.69	17.01	-7.19	25.64	13.37
Accounts Receivable, 1 Yr. Growth %	-20.64	10.39	-12.55	17.53	-19.45
Inventory, 1 Yr. Growth %	38.75	4.79	10.79	15.23	-7.46
Net Property, Plant and Equip., 1 Yr. Growth %	3.04	10.47	-3.87	0.42	3.73
Total Assets, 1 Yr. Growth %	-3.48	5.15	-0.8	7.22	0.18
Tangible Book Value, 1 Yr. Growth %	2.5	4.89	3.59	5.28	7.23
Common Equity, 1 Yr. Growth %	2.54	4.8	3.61	5.22	7.27
Cash From Operations, 1 Yr. Growth %	-19.07K	-38.1	49.27	-43.6	144.36
Capital Expenditures, 1 Yr. Growth %	0	82.83	-61.33	72.86	34.71
Levered Free Cash Flow, 1 Yr. Growth %	-895.47	-55.4	131.08	-51.89	231.48
Unlevered Free Cash Flow, 1 Yr. Growth %	-895.47	-55.4	131.08	-51.89	231.48
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.24	4.31	3.32	1.98	3.99
Gross Profit, 2 Yr. CAGR %	10.36	2.08	4.67	5.25	7.91
EBITDA, 2 Yr. CAGR %	28.69	1.35	5.45	6.5	6.05
EBITA, 2 Yr. CAGR %	30.83	-1.1	5.23	8.09	5.58
EBIT, 2 Yr. CAGR %	30.83	-1.1	5.23	8.09	5.58
Earnings From Cont. Operations, 2 Yr. CAGR %	27.96	-0.11	4.55	7.92	19.25
Net Income, 2 Yr. CAGR %	27.96	-0.11	4.55	7.92	19.25
Normalized Net Income, 2 Yr. CAGR %	28.38	-1.46	4.79	8.54	7.25
Diluted EPS Before Extra, 2 Yr. CAGR %	29.7	-0.09	4.21	7.98	19.35
Accounts Receivable, 2 Yr. CAGR %	-1.17	-6.4	-1.75	1.38	-2.7
Inventory, 2 Yr. CAGR %	27.86	20.58	7.75	12.99	3.27
Net Property, Plant and Equip., 2 Yr. CAGR %	5	6.69	3.05	-1.75	2.06
Total Assets, 2 Yr. CAGR %	1.33	0.74	2.13	3.13	3.64
Tangible Book Value, 2 Yr. CAGR %	3.56	3.69	4.24	4.44	6.25
Common Equity, 2 Yr. CAGR %	3.59	3.66	4.2	4.41	6.24
Cash From Operations, 2 Yr. CAGR %	78.67	983.64	-3.88	-8.25	17.4
Capital Expenditures, 2 Yr. CAGR %	-9.92	35.21	-15.91	-18.24	52.6
Levered Free Cash Flow, 2 Yr. CAGR %	124.95	88.36	1.52	5.44	26.29
Unlevered Free Cash Flow, 2 Yr. CAGR %	124.95	88.36	1.52	5.44	26.29
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.56	8.71	1.93	4.49	1.72
Gross Profit, 3 Yr. CAGR %	7.75	10.56	0.96	7.11	4.77
EBITDA, 3 Yr. CAGR %	19.7	25.75	-1.65	10.84	1.37
EBITA, 3 Yr. CAGR %	21	26.16	-2.63	11.08	1.71
EBIT, 3 Yr. CAGR %	21	26.16	-2.63	11.08	1.71
Earnings From Cont. Operations, 3 Yr. CAGR %	20.42	24.49	-2.54	11.12	9.68
Net Income, 3 Yr. CAGR %	20.42	24.49	-2.54	11.12	9.68
Normalized Net Income, 3 Yr. CAGR %	19.71	24.22	-2.86	11.07	2.78
Diluted EPS Before Extra, 3 Yr. CAGR %	22.02	25.32	-2.52	10.91	9.75
Accounts Receivable, 3 Yr. CAGR %	-1.39	2.54	-8.5	4.3	-6.1
Inventory, 3 Yr. CAGR %	20.86	19.65	17.22	10.19	5.72
Net Property, Plant and Equip., 3 Yr. CAGR %	6.33	6.79	3.05	2.17	0.04
Total Assets, 3 Yr. CAGR %	0.3	2.59	0.23	3.8	2.14
Tangible Book Value, 3 Yr. CAGR %	2.25	4	3.66	4.59	5.36
Common Equity, 3 Yr. CAGR %	2.28	3.99	3.65	4.54	5.36
Cash From Operations, 3 Yr. CAGR %	32.96	25.49	459.65	-19.53	27.18
Capital Expenditures, 3 Yr. CAGR %	-4.31	14.05	-10.91	6.92	-3.43
Levered Free Cash Flow, 3 Yr. CAGR %	27.44	31.17	101.64	-20.85	54.47
Unlevered Free Cash Flow, 3 Yr. CAGR %	27.44	31.17	101.64	-20.85	54.47
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.39	5.33	4.66	5.97	2.75
Gross Profit, 5 Yr. CAGR %	2.52	8.43	6.51	8.4	3.68
EBITDA, 5 Yr. CAGR %	5.34	22.37	13.78	17.66	1.36
EBITA, 5 Yr. CAGR %	5.48	23.79	14.43	18.6	0.57
EBIT, 5 Yr. CAGR %	5.48	23.79	14.43	18.6	0.57
Earnings From Cont. Operations, 5 Yr. CAGR %	5.82	22.95	13.8	17.57	5.65
Net Income, 5 Yr. CAGR %	5.82	22.95	13.8	17.57	5.65
Normalized Net Income, 5 Yr. CAGR %	5.14	22.13	13.5	17.69	1.06
Diluted EPS Before Extra, 5 Yr. CAGR %	6.98	24.09	14.56	18.08	5.7
Accounts Receivable, 5 Yr. CAGR %	-1.74	2.07	-1.53	2.07	-6.22
Inventory, 5 Yr. CAGR %	15.18	11.22	15.43	16.94	11.43
Net Property, Plant and Equip., 5 Yr. CAGR %	11.93	6.49	5.01	3.29	2.65
Total Assets, 5 Yr. CAGR %	0.75	1.58	1.03	2.81	1.58
Tangible Book Value, 5 Yr. CAGR %	1.46	2.23	3.04	4.17	4.69
Common Equity, 5 Yr. CAGR %	1.47	2.21	3.04	4.16	4.68
Cash From Operations, 5 Yr. CAGR %	75.84	1.72	16.78	10.71	199.65
Capital Expenditures, 5 Yr. CAGR %	12.89	-1.78	-9.13	-0.16	10.49
Levered Free Cash Flow, 5 Yr. CAGR %	33.34	-3.01	16.36	20.2	67.22
Unlevered Free Cash Flow, 5 Yr. CAGR %	33.34	-3.01	16.36	20.2	67.22