Income Statement Nishikawa Rubber Co., Ltd.

Stocks

5161

JP3657550004

Auto, Truck & Motorcycle Parts

Market Closed - Japan Exchange 02:30:00 2026-09-18 EDT			5-day change	1st Jan Change
3,545.00 ^JPY	-0.28%		+1.72%	+10.26%

01-09	DaikyoNishikawa Corporation's Equity Buyback announced on January 7, 2026, has closed with 2,505,200 shares, representing 3.67% for ¥2,034.22 million.	CI
01-09	Tranche Update on DaikyoNishikawa Corporation's Equity Buyback Plan announced on January 7, 2026.	CI

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Published financial data: NISHIKAWA RUBBER CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Revenues	84.5B	98.17B	118B	121B	122B
Total Revenues	84.5B	98.17B	118B	121B	122B
Cost of Goods Sold, Total	71.52B	86.95B	99.21B	99.21B	98.7B
Gross Profit	12.98B	11.22B	18.7B	21.43B	23.44B
Selling General & Admin Expenses, Total	9.35B	10.09B	10.76B	12.72B	12.99B
R&D Expenses	447M	500M	589M	633M	638M
Depreciation & Amortization - (IS)	360M	373M	384M	379M	415M
Other Operating Expenses	350M	353M	411M	366M	344M
Other Operating Expenses, Total	10.51B	11.32B	12.14B	14.1B	14.39B
Operating Income	2.48B	-105M	6.56B	7.32B	9.05B
Interest Expense, Total	-202M	-375M	-616M	-633M	-634M
Interest And Investment Income	792M	800M	931M	1.21B	1.32B
Net Interest Expenses	590M	425M	315M	577M	681M
Income (Loss) On Equity Invest.	104M	90M	428M	538M	767M
Currency Exchange Gains (Loss)	22M	557M	1.42B	-1.26B	1.23B
Other Non Operating Income (Expenses)	454M	401M	237M	592M	-311M
EBT, Excl. Unusual Items	3.64B	1.37B	8.96B	7.77B	11.42B
Gain (Loss) On Sale Of Investments	91M	66M	8M	3M	4.42B
Gain (Loss) On Sale Of Assets	-47M	-37M	-43M	-152M	-226M
Asset Writedown	-	-1M	-5M	-14M	-9M
Legal Settlements	-	-	-	-	-1.18B
Other Unusual Items	-312M	-	-810M	31M	-1M
EBT, Incl. Unusual Items	3.38B	1.4B	8.11B	7.64B	14.42B
Income Tax Expense	1.48B	1.32B	2.58B	2.67B	2.38B
Earnings From Continuing Operations	1.9B	80M	5.53B	4.97B	12.04B
Net Income to Company	1.9B	80M	5.53B	4.97B	12.04B
Minority Interest	207M	1.09B	-488M	-1.01B	-1.08B
Net Income - (IS)	2.1B	1.17B	5.04B	3.96B	10.96B
Net Income to Common Incl Extra Items	2.1B	1.17B	5.04B	3.96B	10.96B
Net Income to Common Excl. Extra Items	2.1B	1.17B	5.04B	3.96B	10.96B
Per Share Items
Net EPS - Basic	53.72	30.38	130.71	102.47	293.8
Basic EPS - Continuing Operations	53.72	30.38	130.71	102.47	293.8
Basic Weighted Average Shares Outstanding	39.19M	38.52M	38.54M	38.61M	37.3M
Net EPS - Diluted	53.72	30.38	130.71	102.47	293.8
Diluted EPS - Continuing Operations	53.72	30.38	130.71	102.47	293.8
Diluted Weighted Average Shares Outstanding	39.19M	38.52M	38.54M	38.61M	37.3M
Normalized Basic EPS	63.42	50.5	132.64	99.57	162.3
Normalized Diluted EPS	63.42	50.5	132.64	99.57	162.3
Dividend Per Share	20	20	22	104.5	183
Payout Ratio	37.1	66.24	15.28	24.36	62.26
Supplemental Items
EBITDA	8.32B	6B	12.63B	13.4B	15.01B
EBITA	2.48B	-105M	6.56B	7.32B	9.05B
EBIT	2.48B	-105M	6.56B	7.32B	9.05B
Effective Tax Rate - (Ratio)	43.8	94.27	31.87	34.95	16.5
Normalized Net Income	2.49B	1.94B	5.11B	3.84B	6.05B
Non-Cash Pension Expense	5M	26M	-29M	-311M	-282M
Supplemental Operating Expense Items
Selling and Marketing Expenses	3.3B	3.64B	3.72B	3.86B	4.05B
Research And Development Expense From Footnotes	447M	500M	589M	633M	638M

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Assets
Cash And Equivalents	36.88B	40.6B	43.26B	47.81B	51.93B
Short Term Investments	2.1B	2.1B	2.1B	2.11B	2.1B
Total Cash And Short Term Investments	38.98B	42.7B	45.36B	49.92B	54.03B
Accounts Receivable, Total	15.6B	17.82B	16.89B	16.79B	17.36B
Other Receivables	299M	123M	46M	108M	47M
Total Receivables	15.9B	17.94B	16.94B	16.9B	17.41B
Inventory	7.82B	8.54B	8.24B	7.35B	7.87B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	2.01B	1.86B	1.77B	1.95B	1.08B
Total Current Assets	64.71B	71.04B	72.32B	76.12B	80.39B
Net Property Plant And Equipment	29.26B	29.88B	30.29B	29.67B	29.34B
Long-term Investments	19.89B	22.31B	33.12B	30.5B	35.69B
Other Intangibles, Total	1.34B	1.27B	1.28B	1.33B	1.19B
Loans Receivable Long-Term	11M	37M	38M	49M	37M
Deferred Tax Assets Long-Term	422M	616M	681M	732M	719M
Other Long-Term Assets, Total	2M	2M	2M	1M	1M
Total Assets	116B	125B	138B	138B	147B
Liabilities
Accounts Payable, Total	9.4B	11.04B	10.88B	10.12B	8.84B
Accrued Expenses, Total	902M	890M	1.04B	1.37B	1.42B
Short-term Borrowings	8.21B	21.92B	10.59B	11.12B	14.96B
Current Income Taxes Payable	1.74B	1.59B	3.06B	2.23B	3.53B
Other Current Liabilities	4.23B	4.48B	6.14B	5.09B	5.52B
Total Current Liabilities	24.48B	39.92B	31.72B	29.92B	34.26B
Long-Term Debt	12.89B	3.87B	8.02B	7.31B	9.22B
Long-Term Leases	-	-	-	-	1.5B
Pension & Other Post Retirement Benefits	321M	365M	418M	458M	526M
Deferred Tax Liability Non Current	4.15B	4.95B	7.91B	6.92B	8.8B
Other Non Current Liabilities	1.32B	1.49B	2.16B	2.07B	724M
Total Liabilities	43.17B	50.6B	50.22B	46.68B	55.04B
Common Stock, Total	3.36B	3.36B	3.36B	3.36B	3.36B
Additional Paid In Capital	3.54B	3.54B	3.54B	3.56B	3.53B
Retained Earnings	52.74B	53.14B	57.4B	60.4B	58.08B
Treasury Stock	-405M	-889M	-795M	-773M	-1.63B
Comprehensive Income and Other	9.39B	12.79B	21.03B	21.39B	24.55B
Total Common Equity	68.63B	71.94B	84.54B	87.94B	87.89B
Minority Interest	3.84B	2.62B	2.97B	3.78B	4.44B
Total Equity	72.46B	74.56B	87.51B	91.72B	92.33B
Total Liabilities And Equity	116B	125B	138B	138B	147B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	38.39M	38.42M	38.63M	38.63M	36.26M
ECS Total Common Shares Outstanding	39.19M	38.42M	38.59M	38.63M	36.26M
Book Value / Share	1.75K	1.87K	2.19K	2.28K	2.42K
Tangible Book Value	67.29B	70.66B	83.26B	86.6B	86.7B
Tangible Book Value Per Share	1.72K	1.84K	2.16K	2.24K	2.39K
Total Debt	21.1B	25.79B	18.61B	18.42B	25.68B
Net Debt	-17.89B	-16.91B	-26.75B	-31.49B	-28.34B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-2.15B	-3.63B	-6.26B	-6.71B	-8.88B
Minority Interest, Total (Incl. Fin. Div)	3.84B	2.62B	2.97B	3.78B	4.44B
Inventories - Raw Materials, Total	2.95B	3.35B	3.28B	2.9B	3.11B
Inventories - Work In Process, Total	988M	1.11B	1.24B	1.15B	1.3B
Inventories - Finished Goods, Total	3.87B	4.08B	3.72B	3.3B	3.46B
Full Time Employees	6.52K	6.52K	6.97K	6.81K	6.29K
Accumulated Allowance for Doubtful Accounts (Supple)	2M	3M	3M	3M	3M

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Net Income	3.38B	1.4B	8.11B	7.64B	14.42B
Depreciation & Amortization - CF	5.84B	6.1B	6.07B	6.07B	5.96B
Depreciation & Amortization, Total	5.84B	6.1B	6.07B	6.07B	5.96B
(Gain) Loss From Sale Of Asset	35M	38M	60M	166M	222M
(Gain) Loss on Sale of Investments - (CF)	-91M	-66M	-8M	-3M	-4.42B
(Income) Loss On Equity Investments - (CF)	-104M	-90M	-428M	-538M	-767M
Other Operating Activities, Total	-3.77B	-679M	-1.22B	-3.01B	-412M
Change In Accounts Receivable	2.16B	-1.34B	1.64B	931M	-291M
Change In Inventories	-1.81B	-99M	902M	1.05B	-333M
Change In Accounts Payable	34M	965M	-723M	-595M	-2.12B
Change in Other Net Operating Assets	-1.51B	-993M	480M	-2.47B	-48M
Cash from Operations	4.16B	5.24B	14.88B	9.24B	12.21B
Capital Expenditure	-3.79B	-5.22B	-4.34B	-3.63B	-5.38B
Sale of Property, Plant, and Equipment	259M	256M	187M	262M	417M
Sale (Purchase) of Intangible assets	-199M	-196M	-217M	-225M	-128M
Investment in Marketable and Equity Securities, Total	-880M	413M	-789M	-844M	3.99B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-362M	62M	1M	97M	242M
Other Investing Activities, Total	1M	-	-1M	-	-1M
Cash from Investing	-4.97B	-4.68B	-5.16B	-4.34B	-856M
Short Term Debt Issued, Total	1.94B	1.41B	-	408M	-
Long-Term Debt Issued, Total	-	3.32B	5.35B	-	8B
Total Debt Issued	1.94B	4.73B	5.35B	408M	8B
Short Term Debt Repaid, Total	-	-	-568M	-	-1.52B
Long-Term Debt Repaid, Total	-1.39B	-1.1B	-12.65B	-1.58B	-1.01B
Total Debt Repaid	-1.39B	-1.1B	-13.22B	-1.58B	-2.53B
Repurchase of Common Stock	-	-504M	-	-	-7.44B
Common Dividends Paid	-781M	-775M	-770M	-964M	-6.82B
Common & Preferred Stock Dividends Paid	-781M	-775M	-770M	-964M	-6.82B
Other Financing Activities, Total	-664M	-870M	-764M	-741M	-928M
Cash from Financing	-897M	1.48B	-9.4B	-2.88B	-9.72B
Foreign Exchange Rate Adjustments	1.29B	1.41B	1.17B	977M	1.04B
Miscellaneous Cash Flow Adjustments	-1M	1M	-1M	-	-
Net Change in Cash	-416M	3.45B	1.5B	3B	2.67B
Supplemental Items
Cash Interest Paid	210M	324M	538M	572M	729M
Cash Income Tax Paid (Refund)	1.88B	940M	1.28B	3.14B	412M
Levered Free Cash Flow	-300M	-504M	9.74B	4.83B	6.05B
Unlevered Free Cash Flow	-174M	-270M	10.13B	5.23B	6.45B
Change In Net Working Capital	3.57B	893M	-4.52B	1.57B	-337M
Net Debt Issued / Repaid	548M	3.63B	-7.87B	-1.17B	5.47B

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Profitability
Return on Assets	1.34	-0.05	3.12	3.32	3.96
Return on Total Capital	1.67	-0.07	3.97	4.23	4.96
Return On Equity %	2.64	0.11	6.82	5.54	13.08
Return on Common Equity	3.1	1.66	6.44	4.59	12.47
Margin Analysis
Gross Profit Margin %	15.36	11.42	15.86	17.76	19.19
SG&A Margin	11.06	10.28	9.12	10.55	10.64
EBITDA Margin %	9.84	6.11	10.71	11.11	12.29
EBITA Margin %	2.93	-0.11	5.56	6.07	7.41
EBIT Margin %	2.93	-0.11	5.56	6.07	7.41
Income From Continuing Operations Margin %	2.25	0.08	4.69	4.12	9.86
Net Income Margin %	2.49	1.19	4.27	3.28	8.97
Net Avail. For Common Margin %	2.49	1.19	4.27	3.28	8.97
Normalized Net Income Margin	2.94	1.98	4.34	3.19	4.96
Levered Free Cash Flow Margin	-0.36	-0.51	8.26	4.01	4.95
Unlevered Free Cash Flow Margin	-0.21	-0.27	8.59	4.33	5.28
Asset Turnover
Asset Turnover	0.73	0.82	0.9	0.87	0.85
Fixed Assets Turnover	2.87	3.32	3.92	4.02	4.14
Receivables Turnover (Average Receivables)	5.22	5.88	6.79	7.16	7.15
Inventory Turnover (Average Inventory)	10.6	10.63	11.82	12.72	12.96
Short Term Liquidity
Current Ratio	2.64	1.78	2.28	2.54	2.35
Quick Ratio	2.24	1.52	1.96	2.23	2.09
Operating Cash Flow to Current Liabilities	0.17	0.13	0.47	0.31	0.36
Days Sales Outstanding (Average Receivables)	69.91	62.13	53.88	50.96	51.03
Days Outstanding Inventory (Average Inventory)	34.44	34.33	30.96	28.69	28.16
Average Days Payable Outstanding	45.05	42.55	40.56	38.99	34.87
Cash Conversion Cycle (Average Days)	59.29	53.91	44.28	40.66	44.31
Long Term Solvency
Total Debt/Equity	29.11	34.58	21.27	20.09	27.82
Total Debt / Total Capital	22.55	25.7	17.54	16.73	21.76
LT Debt/Equity	17.79	5.19	9.17	7.97	11.62
Long-Term Debt / Total Capital	13.78	3.86	7.56	6.64	9.09
Total Liabilities / Total Assets	37.33	40.43	36.46	33.73	37.35
EBIT / Interest Expense	12.25	-0.28	10.64	11.57	14.28
EBITDA / Interest Expense	41.18	16	20.5	21.17	23.68
(EBITDA - Capex) / Interest Expense	22.4	2.08	13.45	15.43	15.19
Total Debt / EBITDA	2.54	4.3	1.47	1.38	1.71
Net Debt / EBITDA	-2.15	-2.82	-2.12	-2.35	-1.89
Total Debt / (EBITDA - Capex)	4.66	33.06	2.25	1.89	2.67
Net Debt / (EBITDA - Capex)	-3.95	-21.68	-3.23	-3.22	-2.94
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	5.32	16.17	20.11	2.32	1.24
Gross Profit, 1 Yr. Growth %	-16.06	-13.61	66.71	14.61	9.39
EBITDA, 1 Yr. Growth %	-21.69	-27.87	110.47	6.1	12.04
EBITA, 1 Yr. Growth %	-47.74	-104.24	-6.34K	11.73	23.59
EBIT, 1 Yr. Growth %	-47.74	-104.24	-6.34K	11.73	23.59
Earnings From Cont. Operations, 1 Yr. Growth %	-33.26	-95.79	6.81K	-10.12	142.42
Net Income, 1 Yr. Growth %	-21.95	-44.42	330.6	-21.46	176.98
Normalized Net Income, 1 Yr. Growth %	-31.97	-21.73	162.86	-24.79	57.47
Diluted EPS Before Extra, 1 Yr. Growth %	-21.98	-43.45	330.3	-21.6	186.71
Accounts Receivable, 1 Yr. Growth %	-7.01	14.26	-5.2	-0.6	3.38
Inventory, 1 Yr. Growth %	37.54	9.32	-3.52	-10.77	7.06
Net Property, Plant and Equip., 1 Yr. Growth %	-1.09	2.12	1.39	-2.05	-1.12
Total Assets, 1 Yr. Growth %	0.01	8.24	10.05	0.48	6.48
Tangible Book Value, 1 Yr. Growth %	2.5	5.02	17.82	4.02	0.11
Common Equity, 1 Yr. Growth %	2.37	4.83	17.52	4.01	-0.05
Cash From Operations, 1 Yr. Growth %	-34.8	25.94	183.88	-37.9	32.14
Capital Expenditures, 1 Yr. Growth %	-15.77	37.62	-16.86	-16.31	48.07
Levered Free Cash Flow, 1 Yr. Growth %	-111.59	67.79	-2.03K	-50.4	25.21
Unlevered Free Cash Flow, 1 Yr. Growth %	-106.39	54.85	-3.86K	-48.38	23.32
Dividend Per Share, 1 Yr. Growth %	0	0	10	375	75.12
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-6.79	10.61	18.12	10.86	1.78
Gross Profit, 2 Yr. CAGR %	-16.83	-14.84	20.01	38.23	11.97
EBITDA, 2 Yr. CAGR %	-19.6	-24.84	23.21	49.43	9.03
EBITA, 2 Yr. CAGR %	-39.89	-85.11	62.75	735.24	17.51
EBIT, 2 Yr. CAGR %	-39.89	-85.11	62.75	735.24	17.51
Earnings From Cont. Operations, 2 Yr. CAGR %	-40.42	-83.23	70.63	687.96	47.61
Net Income, 2 Yr. CAGR %	-31.5	-34.14	54.7	83.9	47.49
Normalized Net Income, 2 Yr. CAGR %	-19.84	-27.03	43.43	40.6	8.82
Diluted EPS Before Extra, 2 Yr. CAGR %	-31.53	-33.58	55.99	83.67	49.93
Accounts Receivable, 2 Yr. CAGR %	-0.99	3.08	4.07	-2.93	1.37
Inventory, 2 Yr. CAGR %	16.69	22.62	2.7	-7.22	-2.26
Net Property, Plant and Equip., 2 Yr. CAGR %	-5.14	0.5	1.75	-0.34	-1.58
Total Assets, 2 Yr. CAGR %	5.52	4.04	9.14	5.16	3.44
Tangible Book Value, 2 Yr. CAGR %	5.95	3.75	11.24	10.7	2.04
Common Equity, 2 Yr. CAGR %	5.84	3.59	10.99	10.56	1.96
Cash From Operations, 2 Yr. CAGR %	-36.87	-9.38	89.08	32.78	-9.41
Capital Expenditures, 2 Yr. CAGR %	-26.86	7.67	6.97	-16.59	11.32
Levered Free Cash Flow, 2 Yr. CAGR %	-71.97	-55.89	469.54	209.65	-21.2
Unlevered Free Cash Flow, 2 Yr. CAGR %	-78.95	-68.56	662.68	340.34	-20.22
Dividend Per Share, 2 Yr. CAGR %	0	0	4.88	128.58	188.41
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-4.96	0.31	13.69	12.6	7.55
Gross Profit, 3 Yr. CAGR %	-13.57	-15.77	6.53	18.18	27.86
EBITDA, 3 Yr. CAGR %	-14.16	-22.46	5.94	17.22	35.75
EBITA, 3 Yr. CAGR %	-31.58	-75.16	11.45	43.57	341.77
EBIT, 3 Yr. CAGR %	-31.58	-75.16	11.45	43.57	341.77
Earnings From Cont. Operations, 3 Yr. CAGR %	-30.93	-75.36	24.78	37.81	431.93
Net Income, 3 Yr. CAGR %	-24.62	-36.11	23.16	23.42	110.8
Normalized Net Income, 3 Yr. CAGR %	-17.83	-20.48	11.86	15.66	46.01
Diluted EPS Before Extra, 3 Yr. CAGR %	-24.64	-35.76	23.82	24.02	113.06
Accounts Receivable, 3 Yr. CAGR %	-5.6	3.85	0.24	2.49	-0.87
Inventory, 3 Yr. CAGR %	12.43	14.18	13.2	-2.01	-2.69
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.41	-2.78	0.79	0.47	-0.6
Total Assets, 3 Yr. CAGR %	1.5	6.42	6.01	6.17	5.6
Tangible Book Value, 3 Yr. CAGR %	2.27	5.64	8.24	8.78	7.05
Common Equity, 3 Yr. CAGR %	2.42	5.5	8.04	8.62	6.9
Cash From Operations, 3 Yr. CAGR %	-14.07	-20.53	32.59	30.46	32.56
Capital Expenditures, 3 Yr. CAGR %	-18.78	-9.71	-1.22	-1.44	1
Levered Free Cash Flow, 3 Yr. CAGR %	-40.19	-49.11	55.51	152.45	128.98
Unlevered Free Cash Flow, 3 Yr. CAGR %	-50.95	-59.06	54.86	210.81	188.09
Dividend Per Share, 3 Yr. CAGR %	0	0	3.23	73.52	109.16
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.87	0.39	3.68	4.4	8.77
Gross Profit, 5 Yr. CAGR %	-8.71	-10.97	-1.44	2.69	8.67
EBITDA, 5 Yr. CAGR %	-10.48	-15.44	-0.81	0.81	7.16
EBITA, 5 Yr. CAGR %	-23.42	-58.5	-3.23	1.35	13.84
EBIT, 5 Yr. CAGR %	-23.42	-58.5	-3.23	1.35	13.84
Earnings From Cont. Operations, 5 Yr. CAGR %	-20.55	-52.39	-0.82	-1.46	33.46
Net Income, 5 Yr. CAGR %	-21.17	-14.22	0.5	-2.48	32.37
Normalized Net Income, 5 Yr. CAGR %	-13.69	-18.02	2.68	-0.12	10.63
Diluted EPS Before Extra, 5 Yr. CAGR %	-21.18	-13.94	0.81	-2.21	33.67
Accounts Receivable, 5 Yr. CAGR %	-2.83	-0.77	-1.84	1.08	0.69
Inventory, 5 Yr. CAGR %	11.25	12.07	8.43	5.08	6.74
Net Property, Plant and Equip., 5 Yr. CAGR %	0.46	0.26	-0.16	-1.81	-0.16
Total Assets, 5 Yr. CAGR %	-0.23	0.42	4.49	5.91	4.97
Tangible Book Value, 5 Yr. CAGR %	1.74	1.15	5.77	7.64	5.72
Common Equity, 5 Yr. CAGR %	1.83	1.22	5.77	7.5	5.57
Cash From Operations, 5 Yr. CAGR %	-16.15	-1.8	17.8	-2.42	13.85
Capital Expenditures, 5 Yr. CAGR %	-8.55	-2.25	-9.32	-12.52	3.62
Levered Free Cash Flow, 5 Yr. CAGR %	-47.59	-35.85	47.33	4.79	18.49
Unlevered Free Cash Flow, 5 Yr. CAGR %	-53.1	-43.57	47	5.87	18.78
Dividend Per Share, 5 Yr. CAGR %	2.13	2.13	1.92	39.19	55.7