Income Statement Piala Inc.

Stocks

7044

JP3801650007

Internet Services

Market Closed - Japan Exchange 02:30:00 2026-08-17 EDT			5-day change	1st Jan Change
517.00 ^JPY	-2.45%		+3.40%	-8.01%

01-04	Piala Inc. completed the acquisition of Onion inc. from ProtoSolution Co., Ltd.	CI
11-19	Piala Inc. agreed to acquire Onion inc. from ProtoSolution Co., Ltd. for ¥370 million.	CI

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Published financial data: PIALA INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	12.66B	11.78B	9.06B	13.49B	15.73B
Total Revenues	12.66B	11.78B	9.06B	13.49B	15.73B
Cost of Goods Sold, Total	10.7B	9.62B	7.3B	11.4B	13.31B
Gross Profit	1.96B	2.16B	1.77B	2.09B	2.42B
Selling General & Admin Expenses, Total	2.1B	2.27B	2.15B	2.2B	2.31B
Provision for Bad Debts	-1M	-	-	34M	16M
Other Operating Expenses	-	-	-	-	54M
Other Operating Expenses, Total	2.09B	2.27B	2.15B	2.24B	2.38B
Operating Income	-136M	-111M	-384M	-150M	41M
Interest Expense, Total	-10M	-13M	-14M	-20M	-22M
Interest And Investment Income	-	6M	-	-	1M
Net Interest Expenses	-10M	-7M	-14M	-20M	-21M
Income (Loss) On Equity Invest.	-	-9M	-2M	-	-
Currency Exchange Gains (Loss)	10M	37M	28M	35M	22M
Other Non Operating Income (Expenses)	2M	-40M	-52M	4M	139M
EBT, Excl. Unusual Items	-134M	-130M	-424M	-131M	181M
Gain (Loss) On Sale Of Investments	-62M	-	-68M	58M	50M
Gain (Loss) On Sale Of Assets	-	-	-	3M	-
Asset Writedown	-59M	-145M	-385M	-30M	-40M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-1M	1M	-10M
EBT, Incl. Unusual Items	-255M	-275M	-878M	-99M	181M
Income Tax Expense	4M	-29M	122M	15M	-46M
Earnings From Continuing Operations	-259M	-246M	-1B	-114M	227M
Net Income to Company	-259M	-246M	-1B	-114M	227M
Minority Interest	-	14M	18M	-	-28M
Net Income - (IS)	-259M	-232M	-982M	-114M	199M
Net Income to Common Incl Extra Items	-259M	-232M	-982M	-114M	199M
Net Income to Common Excl. Extra Items	-259M	-232M	-982M	-114M	199M
Per Share Items
Net EPS - Basic	-36.54	-33.5	-141.83	-16.45	27.84
Basic EPS - Continuing Operations	-36.54	-33.5	-141.83	-16.45	27.84
Basic Weighted Average Shares Outstanding	7.09M	6.92M	6.92M	6.93M	7.15M
Net EPS - Diluted	-36.54	-33.5	-141.83	-16.45	27.79
Diluted EPS - Continuing Operations	-36.54	-33.5	-141.83	-16.45	27.79
Diluted Weighted Average Shares Outstanding	7.09M	6.92M	6.92M	6.93M	7.15M
Normalized Basic EPS	-11.81	-9.71	-35.67	-11.81	11.91
Normalized Diluted EPS	-11.81	-9.71	-35.67	-11.81	11.91
Dividend Per Share	5	-	-	-	-
Payout Ratio	-13.51	-14.66	-	-	-
Supplemental Items
EBITDA	-20M	37M	-284M	-124M	83M
EBITA	-135M	-108M	-378M	-124M	74M
EBIT	-136M	-111M	-384M	-150M	41M
EBITDAR	216M	249M	-68M	77M	253M
Effective Tax Rate - (Ratio)	-1.57	10.55	-13.9	-15.15	-25.41
Normalized Net Income	-83.75M	-67.25M	-247M	-81.88M	85.12M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	236M	212M	216M	201M	170M
Imputed Operating Lease Interest Expense	13.07M	11.85M	12.92M	19.77M	20.31M
Imputed Operating Lease Depreciation	223M	200M	203M	181M	150M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.96B	2.14B	1.95B	1.36B	1.63B
Total Cash And Short Term Investments	1.96B	2.14B	1.95B	1.36B	1.63B
Accounts Receivable, Total	1.38B	1.38B	879M	1.91B	1.64B
Total Receivables	1.38B	1.38B	879M	1.91B	1.64B
Inventory	-	-	65M	60M	60M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	345M	294M	161M	258M	230M
Total Current Assets	3.68B	3.8B	3.06B	3.59B	3.55B
Net Property Plant And Equipment	126M	108M	-	1M	2M
Long-term Investments	811M	602M	418M	437M	328M
Goodwill	12M	17M	61M	180M	164M
Other Intangibles, Total	344M	212M	5M	45M	58M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	50M	114M	-	-	90M
Other Long-Term Assets, Total	1M	1M	2M	2M	1M
Total Assets	5.03B	4.86B	3.54B	4.26B	4.2B
Liabilities
Accounts Payable, Total	923M	935M	747M	1.72B	1.42B
Accrued Expenses, Total	45M	44M	42M	36M	45M
Short-term Borrowings	820M	1.35B	1.13B	1.14B	1.35B
Current Portion of Long-Term Debt	313M	258M	458M	218M	94M
Current Income Taxes Payable	126M	153M	159M	176M	257M
Other Current Liabilities	229M	130M	215M	348M	348M
Total Current Liabilities	2.46B	2.87B	2.75B	3.64B	3.52B
Long-Term Debt	619M	362M	188M	119M	25M
Other Non Current Liabilities	23M	18M	23M	7M	3M
Total Liabilities	3.1B	3.25B	2.96B	3.76B	3.55B
Common Stock, Total	850M	850M	851M	866M	50M
Additional Paid In Capital	812M	814M	815M	831M	844M
Retained Earnings	243M	-23M	-994M	-1.1B	-112M
Treasury Stock	-121M	-142M	-142M	-142M	-142M
Comprehensive Income and Other	63M	18M	3M	-9M	-68M
Total Common Equity	1.85B	1.52B	533M	441M	572M
Minority Interest	83M	92M	48M	53M	78M
Total Equity	1.93B	1.61B	581M	494M	650M
Total Liabilities And Equity	5.03B	4.86B	3.54B	4.26B	4.2B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.96M	6.92M	6.93M	7.17M	7.17M
ECS Total Common Shares Outstanding	6.96M	6.92M	6.93M	7.04M	7.17M
Book Value / Share	265.51	219.2	76.95	62.65	79.78
Tangible Book Value	1.49B	1.29B	467M	216M	350M
Tangible Book Value Per Share	214.34	186.11	67.42	30.68	48.82
Total Debt	1.75B	1.97B	1.78B	1.48B	1.47B
Net Debt	-203M	-166M	-176M	119M	-159M
Debt Equivalent Oper. Leases	1.89B	1.7B	1.73B	1.61B	1.36B
Minority Interest, Total (Incl. Fin. Div)	83M	92M	48M	53M	78M
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	65M	60M	60M
Full Time Employees	191	180	156	149	161
Accumulated Allowance for Doubtful Accounts (Supple)	1M	1M	-	32M	49M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-255M	-276M	-878M	-98M	181M
Depreciation & Amortization - CF	115M	145M	94M	-	9M
Amortization of Goodwill and Intangible Assets - (CF)	1M	3M	6M	26M	33M
Depreciation & Amortization, Total	116M	148M	100M	26M	42M
(Gain) Loss From Sale Of Asset	59M	145M	385M	30M	19M
(Gain) Loss on Sale of Investments - (CF)	62M	-	68M	-60M	-49M
Other Operating Activities, Total	-76M	2M	-1M	-10M	114M
Change In Accounts Receivable	168M	8M	516M	-1.03B	259M
Change In Inventories	47M	-	-68M	5M	17M
Change In Accounts Payable	-412M	69M	-185M	981M	-189M
Change in Other Net Operating Assets	-139M	61M	64M	-3M	-91M
Cash from Operations	-430M	157M	1M	-160M	303M
Capital Expenditure	-48M	-4M	-1M	-2M	-3M
Cash Acquisitions	-	-	-47M	-70M	-
Divestitures	-	-	-	17M	-
Sale (Purchase) of Intangible assets	-227M	-146M	-115M	-78M	-33M
Investment in Marketable and Equity Securities, Total	-93M	90M	30M	0	55M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-128M	132M	-	-29M
Other Investing Activities, Total	-28M	-2M	2M	16M	-24M
Cash from Investing	-396M	-190M	1M	-117M	-34M
Short Term Debt Issued, Total	155M	530M	-	10M	209M
Long-Term Debt Issued, Total	720M	-	368M	101M	-
Total Debt Issued	875M	530M	368M	111M	209M
Short Term Debt Repaid, Total	-	-	-200M	-	-
Long-Term Debt Repaid, Total	-259M	-312M	-343M	-404M	-218M
Total Debt Repaid	-259M	-312M	-543M	-404M	-218M
Issuance of Common Stock	-	-	-	29M	30M
Repurchase of Common Stock	-121M	-20M	-	-	-
Common Dividends Paid	-35M	-34M	-	-	-
Common & Preferred Stock Dividends Paid	-35M	-34M	-	-	-
Other Financing Activities, Total	55M	40M	-9M	-20M	-1M
Cash from Financing	515M	204M	-184M	-284M	20M
Foreign Exchange Rate Adjustments	-	9M	-2M	-31M	-19M
Miscellaneous Cash Flow Adjustments	1M	-	1M	-2M	-
Net Change in Cash	-310M	180M	-183M	-594M	270M
Supplemental Items
Cash Interest Paid	9M	12M	14M	20M	22M
Cash Income Tax Paid (Refund)	103M	4M	15M	20M	20M
Levered Free Cash Flow	-646M	-80.5M	200M	-173M	122M
Unlevered Free Cash Flow	-640M	-72.38M	209M	-161M	136M
Change In Net Working Capital	396M	1M	-465M	13M	-104M
Net Debt Issued / Repaid	616M	218M	-175M	-293M	-9M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-1.69	-1.4	-5.71	-2.4	0.61
Return on Total Capital	-2.42	-1.91	-8.09	-4.33	1.25
Return On Equity %	-12.52	-13.9	-91.32	-21.21	39.69
Return on Common Equity	-12.78	-13.79	-95.8	-23.41	39.29
Margin Analysis
Gross Profit Margin %	15.47	18.34	19.49	15.49	15.36
SG&A Margin	16.55	19.28	23.73	16.35	14.66
EBITDA Margin %	-0.16	0.31	-3.13	-0.92	0.53
EBITA Margin %	-1.07	-0.92	-4.17	-0.92	0.47
EBIT Margin %	-1.07	-0.94	-4.24	-1.11	0.26
Income From Continuing Operations Margin %	-2.05	-2.09	-11.03	-0.85	1.44
Net Income Margin %	-2.05	-1.97	-10.83	-0.85	1.26
Net Avail. For Common Margin %	-2.05	-1.97	-10.83	-0.85	1.26
Normalized Net Income Margin	-0.66	-0.57	-2.72	-0.61	0.54
Levered Free Cash Flow Margin	-5.11	-0.68	2.21	-1.28	0.77
Unlevered Free Cash Flow Margin	-5.06	-0.61	2.31	-1.19	0.86
Asset Turnover
Asset Turnover	2.51	2.38	2.16	3.46	3.72
Fixed Assets Turnover	96.61	100.64	-	-	10.49K
Receivables Turnover (Average Receivables)	8.62	8.54	8.04	9.66	8.86
Inventory Turnover (Average Inventory)	-	-	-	182.38	221.9
Short Term Liquidity
Current Ratio	1.5	1.33	1.11	0.99	1.01
Quick Ratio	1.36	1.22	1.03	0.9	0.93
Operating Cash Flow to Current Liabilities	-0.18	0.05	0	-0.04	0.09
Days Sales Outstanding (Average Receivables)	42.32	42.76	45.38	37.89	41.18
Days Outstanding Inventory (Average Inventory)	-	-	-	2.01	1.64
Average Days Payable Outstanding	-	35.26	-	39.57	43.07
Cash Conversion Cycle (Average Days)	-	-	-	0.33	-0.24
Long Term Solvency
Total Debt/Equity	90.78	122.44	305.68	298.99	226
Total Debt / Total Capital	47.58	55.04	75.35	74.94	69.33
LT Debt/Equity	32.07	22.5	32.36	24.09	3.85
Long-Term Debt / Total Capital	16.81	10.11	7.98	6.04	1.18
Total Liabilities / Total Assets	61.61	66.89	83.6	88.39	84.51
EBIT / Interest Expense	-13.6	-8.54	-27.43	-7.5	1.86
EBITDA / Interest Expense	-2	2.85	-20.29	-6.2	3.77
(EBITDA - Capex) / Interest Expense	-6.8	2.54	-20.36	-6.3	3.64
Total Debt / EBITDA	-87.6	53.24	-6.25	-11.91	17.7
Net Debt / EBITDA	10.15	-4.49	0.62	-0.96	-1.92
Total Debt / (EBITDA - Capex)	-25.76	59.7	-6.23	-11.72	18.36
Net Debt / (EBITDA - Capex)	2.99	-5.03	0.62	-0.94	-1.99
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-13.23	-6.96	-23.02	48.81	16.63
Gross Profit, 1 Yr. Growth %	-20.31	10.27	-18.16	18.22	15.7
EBITDA, 1 Yr. Growth %	-103.41	-285	-867.57	-56.34	-166.94
EBITA, 1 Yr. Growth %	-126.79	-20	250	-67.2	-159.68
EBIT, 1 Yr. Growth %	-126.98	-18.38	245.95	-60.94	-127.33
Earnings From Cont. Operations, 1 Yr. Growth %	-177.54	-5.02	306.5	-88.6	-299.12
Net Income, 1 Yr. Growth %	-177.54	-10.42	323.28	-88.39	-274.56
Normalized Net Income, 1 Yr. Growth %	-128.57	-19.7	267.29	-66.85	-203.97
Diluted EPS Before Extra, 1 Yr. Growth %	-179.42	-8.3	323.33	-88.4	-268.95
Accounts Receivable, 1 Yr. Growth %	-10.77	-0.65	-36.07	117.75	-14.52
Inventory, 1 Yr. Growth %	-	-	-	-7.69	0
Net Property, Plant and Equip., 1 Yr. Growth %	-7.35	-14.29	-	-	100
Total Assets, 1 Yr. Growth %	-0.55	-3.36	-27.08	20.1	-1.36
Tangible Book Value, 1 Yr. Growth %	-25.34	-13.62	-63.74	-53.75	62.04
Common Equity, 1 Yr. Growth %	-16.27	-17.87	-64.86	-17.26	29.71
Cash From Operations, 1 Yr. Growth %	-155.27	-136.51	-99.36	-16.1K	-289.38
Capital Expenditures, 1 Yr. Growth %	-7.69	-91.67	-75	100	50
Levered Free Cash Flow, 1 Yr. Growth %	-214.71	-87.54	-348.76	-186.52	-170.35
Unlevered Free Cash Flow, 1 Yr. Growth %	-212.48	-88.69	-388.77	-176.91	-184.37
Dividend Per Share, 1 Yr. Growth %	66.67	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-3.41	-10.15	-15.37	7.03	31.74
Gross Profit, 2 Yr. CAGR %	-6.02	-6.26	-5	-1.63	16.96
EBITDA, 2 Yr. CAGR %	-80.52	-74.89	276.83	83.07	-45.94
EBITA, 2 Yr. CAGR %	-42.48	-53.71	67.33	7.15	-55.75
EBIT, 2 Yr. CAGR %	-42.26	-53.07	68.03	16.25	-67.32
Earnings From Cont. Operations, 2 Yr. CAGR %	-8.3	-14.18	96.49	-31.93	-52.36
Net Income, 2 Yr. CAGR %	-8.74	-16.66	94.72	-29.9	-54.98
Normalized Net Income, 2 Yr. CAGR %	-42.82	-52.1	71.73	10.34	-41.29
Diluted EPS Before Extra, 2 Yr. CAGR %	-7.77	-14.66	97.03	-29.93	-55.74
Accounts Receivable, 2 Yr. CAGR %	-11.22	-5.84	-20.31	17.98	36.43
Inventory, 2 Yr. CAGR %	-	-	-	-	-3.92
Net Property, Plant and Equip., 2 Yr. CAGR %	15.17	-10.89	-	-90.38	-
Total Assets, 2 Yr. CAGR %	9.39	-1.97	-16.06	-6.42	8.84
Tangible Book Value, 2 Yr. CAGR %	-7.72	-19.69	-44.03	-59.05	-13.43
Common Equity, 2 Yr. CAGR %	-0.54	-17.07	-46.28	-46.08	3.59
Cash From Operations, 2 Yr. CAGR %	30.89	-55.08	-95.18	0.95	1.64K
Capital Expenditures, 2 Yr. CAGR %	-31.4	-72.26	-85.57	-29.29	73.21
Levered Free Cash Flow, 2 Yr. CAGR %	255.97	-62.2	-44.33	46.7	-21.99
Unlevered Free Cash Flow, 2 Yr. CAGR %	238.06	-64.34	-42.85	49.03	-19.44
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.14	-4.61	-14.66	2.14	10.14
Gross Profit, 3 Yr. CAGR %	1.56	-0.88	-10.41	2.18	3.83
EBITDA, 3 Yr. CAGR %	-62.43	-58.75	-21.5	83.71	30.91
EBITA, 3 Yr. CAGR %	-25.39	-35.79	-9.14	-2.79	-11.84
EBIT, 3 Yr. CAGR %	-25.2	-35.2	-8.67	3.32	-28.25
Earnings From Cont. Operations, 3 Yr. CAGR %	10.49	-7.22	44.13	-23.93	-2.64
Net Income, 3 Yr. CAGR %	10.49	-9.31	43.26	-23.93	-4.99
Normalized Net Income, 3 Yr. CAGR %	-23.47	-35.97	-5.55	-0.75	8.17
Diluted EPS Before Extra, 3 Yr. CAGR %	7.48	-7.95	45.55	-23.36	-6.04
Accounts Receivable, 3 Yr. CAGR %	4.9	-7.83	-17.25	11.41	5.96
Inventory, 3 Yr. CAGR %	-	-	8.42	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	78.92	4.37	-	-80.05	-73.54
Total Assets, 3 Yr. CAGR %	17.34	4.96	-11.18	-5.41	-4.76
Tangible Book Value, 3 Yr. CAGR %	2	-9.73	-38.39	-47.48	-35.23
Common Equity, 3 Yr. CAGR %	6.18	-6.69	-37.72	-37.96	-27.76
Cash From Operations, 3 Yr. CAGR %	132.99	-14.48	-89.13	-28.07	24.5
Capital Expenditures, 3 Yr. CAGR %	68.69	-66.03	-73.21	-65.33	-9.14
Levered Free Cash Flow, 3 Yr. CAGR %	139.78	16.43	-29.16	-35.52	14.83
Unlevered Free Cash Flow, 3 Yr. CAGR %	148.17	8.93	-28.38	-36.91	23.29
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	16.61	10.06	-3.05	-0.12	1.52
Gross Profit, 5 Yr. CAGR %	10.53	10.49	-1.12	-1.18	-0.33
EBITDA, 5 Yr. CAGR %	-	-	-5.51	-25.13	-32.38
EBITA, 5 Yr. CAGR %	7.28	27.54	3.07	-21.2	-31.87
EBIT, 5 Yr. CAGR %	7.44	28.24	3.39	-18.14	-39.46
Earnings From Cont. Operations, 5 Yr. CAGR %	32.26	66.89	39.1	-18.03	-7.43
Net Income, 5 Yr. CAGR %	32.26	64.95	38.6	-18.19	-9.84
Normalized Net Income, 5 Yr. CAGR %	8.53	27.45	5.74	-20.4	-21.91
Diluted EPS Before Extra, 5 Yr. CAGR %	10.27	45.24	36.97	-17.47	-9.59
Accounts Receivable, 5 Yr. CAGR %	22.63	10.68	-6.02	1.74	1.07
Inventory, 5 Yr. CAGR %	-	-	-	-	3.3
Net Property, Plant and Equip., 5 Yr. CAGR %	47.58	32.95	-	-59.78	-57
Total Assets, 5 Yr. CAGR %	43.03	24.43	2.63	0.25	-3.66
Tangible Book Value, 5 Yr. CAGR %	42.36	36.89	-19.77	-34.2	-29.41
Common Equity, 5 Yr. CAGR %	61.91	33.11	-19.15	-25.07	-23.66
Cash From Operations, 5 Yr. CAGR %	-	-	-50.6	-8.61	-17.19
Capital Expenditures, 5 Yr. CAGR %	-	-	-36.9	-54.45	-43.48
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	33.7	27.71	-26.38
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	37.92	23.48	-24.93