Income Statement SALA Corporation

Stocks

2734

JP3310350008

Oil & Gas Refining and Marketing

Market Closed - Japan Exchange 02:30:00 2026-09-04 EDT			5-day change	1st Jan Change
1,198.00 ^JPY	-0.08%		-3.07%	+5.64%

09-03	Tranche Update on SALA Corporation's Equity Buyback Plan announced on March 2, 2026.	CI
07-07	SALA Corporation Reports Earnings Results for the Half Year Ended May 31, 2026	CI

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Published financial data: SALA CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: November	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Revenues	228B	235B	242B	240B	252B
Total Revenues	228B	235B	242B	240B	252B
Cost of Goods Sold, Total	170B	177B	186B	183B	190B
Gross Profit	58.37B	57.6B	55.83B	57.22B	61.26B
Selling General & Admin Expenses, Total	46.29B	45.18B	44.46B	45.51B	48.52B
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	5.48B	5.53B	5.29B	5.4B	5.35B
Other Operating Expenses	1M	1M	1M	3M	3M
Other Operating Expenses, Total	51.78B	50.7B	49.74B	50.92B	53.87B
Operating Income	6.59B	6.89B	6.08B	6.31B	7.38B
Interest Expense, Total	-150M	-143M	-154M	-216M	-369M
Interest And Investment Income	180M	174M	165M	163M	208M
Net Interest Expenses	30M	31M	11M	-53M	-161M
Income (Loss) On Equity Invest.	391M	330M	384M	581M	476M
Currency Exchange Gains (Loss)	-	-55M	-30M	-	-
Other Non Operating Income (Expenses)	670M	517M	427M	278M	337M
EBT, Excl. Unusual Items	7.68B	7.72B	6.88B	7.12B	8.03B
Gain (Loss) On Sale Of Investments	97M	267M	27M	-146M	-83M
Gain (Loss) On Sale Of Assets	24M	-54M	-68M	-119M	-307M
Asset Writedown	260M	486M	154M	909M	1.52B
Other Unusual Items	-1M	7M	2.39B	-36M	-25M
EBT, Incl. Unusual Items	8.06B	8.42B	9.38B	7.72B	9.14B
Income Tax Expense	2.64B	2.66B	3.13B	2.32B	3.12B
Earnings From Continuing Operations	5.42B	5.76B	6.25B	5.41B	6.02B
Net Income to Company	5.42B	5.76B	6.25B	5.41B	6.02B
Minority Interest	-160M	-81M	-151M	-157M	-153M
Net Income - (IS)	5.26B	5.68B	6.1B	5.25B	5.87B
Net Income to Common Incl Extra Items	5.26B	5.68B	6.1B	5.25B	5.87B
Net Income to Common Excl. Extra Items	5.26B	5.68B	6.1B	5.25B	5.87B
Per Share Items
Net EPS - Basic	83.12	89.12	95.45	81.89	91.43
Basic EPS - Continuing Operations	83.12	89.12	95.45	81.89	91.43
Basic Weighted Average Shares Outstanding	63.3M	63.76M	63.9M	64.1M	64.2M
Net EPS - Diluted	83.12	89.12	95.45	81.89	91.43
Diluted EPS - Continuing Operations	83.12	89.12	95.45	81.89	91.43
Diluted Weighted Average Shares Outstanding	63.3M	63.76M	63.9M	64.1M	64.2M
Normalized Basic EPS	73.34	74.36	64.9	66.93	75.83
Normalized Diluted EPS	73.34	74.36	64.9	66.93	75.83
Dividend Per Share	23	24	26	30	32
Payout Ratio	25.09	28.05	30.2	32.6	37.02
Supplemental Items
EBITDA	13.63B	13.87B	12.74B	12.95B	14.18B
EBITA	6.76B	7.05B	6.2B	6.43B	7.64B
EBIT	6.59B	6.89B	6.08B	6.31B	7.38B
Effective Tax Rate - (Ratio)	32.76	31.56	33.34	30	34.13
Normalized Net Income	4.64B	4.74B	4.15B	4.29B	4.87B
Non-Cash Pension Expense	-33M	-214M	-268M	-277M	-395M

Fiscal Period: November	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Assets
Cash And Equivalents	24.75B	24.19B	22.97B	26.4B	31.88B
Total Cash And Short Term Investments	24.75B	24.19B	22.97B	26.4B	31.88B
Accounts Receivable, Total	29.19B	36.46B	35.72B	39.11B	38.68B
Total Receivables	29.19B	36.46B	35.72B	39.11B	38.68B
Inventory	24.16B	20.44B	21.91B	18.93B	20.32B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	3.39B	3.31B	4.15B	4.8B	4.23B
Total Current Assets	81.49B	84.4B	84.75B	89.24B	95.11B
Net Property Plant And Equipment	82.92B	80.5B	77.91B	80.21B	82.69B
Long-term Investments	12.72B	13.81B	17.53B	23.4B	31.87B
Goodwill	338M	274M	263M	401M	1.11B
Other Intangibles, Total	1.15B	1.73B	2.55B	4.17B	5.82B
Loans Receivable Long-Term	3.94B	3.2B	2.41B	1.62B	823M
Deferred Tax Assets Long-Term	4.92B	4.49B	3.85B	3.25B	918M
Other Long-Term Assets, Total	-	2M	2M	1M	1M
Total Assets	187B	188B	189B	202B	218B
Liabilities
Accounts Payable, Total	28.94B	32.42B	30.6B	30.29B	28.7B
Accrued Expenses, Total	2.65B	2.63B	2.59B	2.56B	3.14B
Short-term Borrowings	6.79B	5.94B	8.58B	5.99B	4.36B
Current Portion of Long-Term Debt	9.84B	7.41B	7.27B	8.23B	8.97B
Current Income Taxes Payable	1.3B	1.7B	341M	1.58B	2.32B
Other Current Liabilities	14.88B	11.98B	11.01B	14.3B	17.96B
Total Current Liabilities	64.41B	62.08B	60.4B	62.94B	65.45B
Long-Term Debt	40.37B	38.86B	36.99B	40.39B	46.95B
Long-Term Leases	1.3B	1.15B	1.1B	1.03B	1.07B
Pension & Other Post Retirement Benefits	11.98B	9.72B	8.83B	8.69B	8.16B
Deferred Tax Liability Non Current	198M	423M	524M	1.16B	312M
Other Non Current Liabilities	2.53B	2.82B	2.78B	2.46B	2.84B
Total Liabilities	121B	115B	111B	117B	125B
Common Stock, Total	8.02B	8.02B	8.02B	8.02B	8.02B
Additional Paid In Capital	25.27B	25.28B	25.3B	25.31B	25.32B
Retained Earnings	33.36B	38.08B	42.33B	45.86B	49.49B
Treasury Stock	-1.58B	-1.48B	-1.38B	-1.23B	-1.21B
Comprehensive Income and Other	351M	2.11B	2.91B	6.02B	10.09B
Total Common Equity	65.42B	72.01B	77.18B	83.98B	91.72B
Minority Interest	1.27B	1.34B	1.47B	1.63B	1.85B
Total Equity	66.7B	73.35B	78.64B	85.62B	93.57B
Total Liabilities And Equity	187B	188B	189B	202B	218B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	63.68M	63.8M	63.95M	64.18M	64.22M
ECS Total Common Shares Outstanding	63.65M	63.8M	63.95M	64.18M	64.22M
Book Value / Share	1.03K	1.13K	1.21K	1.31K	1.43K
Tangible Book Value	63.94B	70B	74.36B	79.41B	84.78B
Tangible Book Value Per Share	1K	1.1K	1.16K	1.24K	1.32K
Total Debt	58.31B	53.37B	53.94B	55.64B	61.34B
Net Debt	33.55B	29.18B	30.98B	29.24B	29.46B
Debt Equivalent of Unfunded Proj. Benefit Obligation	11.78B	9.54B	6.45B	2.94B	-1.79B
Minority Interest, Total (Incl. Fin. Div)	1.27B	1.34B	1.47B	1.63B	1.85B
Inventories - Raw Materials, Total	405M	267M	444M	535M	354M
Inventories - Work In Process, Total	11.14B	7.66B	7.48B	4.5B	5.28B
Inventories - Finished Goods, Total	12.62B	12.52B	13.99B	13.9B	14.68B
Full Time Employees	4.03K	3.93K	3.93K	3.96K	4.17K
Accumulated Allowance for Doubtful Accounts (Supple)	196M	206M	186M	288M	196M
Order Backlog	28.82B	25.82B	31.44B	28.58B	34.77B

Fiscal Period: November	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Net Income	8.06B	8.42B	9.38B	7.72B	9.14B
Depreciation & Amortization - CF	6.87B	6.83B	6.54B	6.52B	6.54B
Amortization of Goodwill and Intangible Assets - (CF)	167M	155M	120M	123M	255M
Depreciation & Amortization, Total	7.04B	6.98B	6.66B	6.64B	6.8B
(Gain) Loss From Sale Of Asset	301M	375M	803M	123M	396M
(Gain) Loss on Sale of Investments - (CF)	-111M	-266M	-26M	146M	84M
(Income) Loss On Equity Investments - (CF)	-391M	-330M	-384M	-581M	-476M
Other Operating Activities, Total	-2.26B	-2.51B	-4.06B	-1.1B	-2.68B
Change In Accounts Receivable	-4.56B	-5.72B	704M	-2.85B	3.89B
Change In Inventories	3.84B	934M	-1.02B	3.93B	1.13B
Change In Accounts Payable	4.73B	3.31B	-1.87B	-464M	-2.13B
Change in Other Net Operating Assets	-840M	-1.26B	-4.42B	673M	1M
Cash from Operations	15.82B	9.93B	5.76B	14.24B	16.16B
Capital Expenditure	-5.34B	-4.79B	-5.66B	-9.88B	-9.27B
Sale of Property, Plant, and Equipment	298M	191M	662M	425M	340M
Cash Acquisitions	-	-	-	100M	-1.67B
Sale (Purchase) of Intangible assets	-327M	-812M	-1.3B	-1.58B	-2.08B
Investment in Marketable and Equity Securities, Total	233M	238M	4M	-230M	-469M
Net (Increase) Decrease in Loans Originated / Sold - Investing	776M	751M	805M	810M	894M
Other Investing Activities, Total	-36M	564M	-128M	13M	-171M
Cash from Investing	-4.4B	-3.86B	-5.62B	-10.33B	-12.43B
Short Term Debt Issued, Total	-	-	2.64B	-	-
Long-Term Debt Issued, Total	5.4B	6.1B	5.4B	11.86B	14.94B
Total Debt Issued	5.4B	6.1B	8.04B	11.86B	14.94B
Short Term Debt Repaid, Total	-2.57B	-847M	-	-2.59B	-1.84B
Long-Term Debt Repaid, Total	-10.55B	-10.02B	-7.4B	-7.89B	-8.78B
Total Debt Repaid	-13.12B	-10.87B	-7.4B	-10.48B	-10.61B
Issuance of Common Stock	542M	105M	97M	153M	26M
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-1.32B	-1.59B	-1.84B	-1.71B	-2.17B
Common & Preferred Stock Dividends Paid	-1.32B	-1.59B	-1.84B	-1.71B	-2.17B
Other Financing Activities, Total	-291M	-266M	-254M	-257M	-427M
Cash from Financing	-8.79B	-6.52B	-1.37B	-431M	1.75B
Miscellaneous Cash Flow Adjustments	-1M	-	-	-2M	-
Net Change in Cash	2.63B	-455M	-1.22B	3.48B	5.49B
Supplemental Items
Cash Interest Paid	187M	159M	163M	215M	360M
Cash Income Tax Paid (Refund)	2.26B	2.53B	4.06B	1.13B	2.72B
Levered Free Cash Flow	9.46B	3.07B	-2.35B	2.11B	2.84B
Unlevered Free Cash Flow	9.56B	3.16B	-2.26B	2.25B	3.07B
Change In Net Working Capital	-4.07B	2.52B	5.75B	-3.12B	-3.01B
Net Debt Issued / Repaid	-7.72B	-4.77B	633M	1.38B	4.33B

Fiscal Period: November	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Profitability
Return on Assets	2.19	2.29	2.01	2.01	2.19
Return on Total Capital	3.26	3.42	2.93	2.88	3.12
Return On Equity %	8.44	8.23	8.22	6.58	6.72
Return on Common Equity	8.36	8.27	8.18	6.51	6.68
Margin Analysis
Gross Profit Margin %	25.61	24.53	23.06	23.79	24.35
SG&A Margin	20.31	19.24	18.37	18.92	19.29
EBITDA Margin %	5.98	5.91	5.26	5.38	5.64
EBITA Margin %	2.97	3	2.56	2.67	3.04
EBIT Margin %	2.89	2.93	2.51	2.62	2.93
Income From Continuing Operations Margin %	2.38	2.45	2.58	2.25	2.39
Net Income Margin %	2.31	2.42	2.52	2.18	2.33
Net Avail. For Common Margin %	2.31	2.42	2.52	2.18	2.33
Normalized Net Income Margin	2.04	2.02	1.71	1.78	1.94
Levered Free Cash Flow Margin	4.15	1.31	-0.97	0.88	1.13
Unlevered Free Cash Flow Margin	4.19	1.35	-0.93	0.93	1.22
Asset Turnover
Asset Turnover	1.21	1.25	1.28	1.23	1.2
Fixed Assets Turnover	2.72	2.87	3.06	3.04	3.09
Receivables Turnover (Average Receivables)	8.34	7.15	6.71	6.43	6.47
Inventory Turnover (Average Inventory)	6.47	7.95	8.79	8.98	9.7
Short Term Liquidity
Current Ratio	1.27	1.36	1.4	1.42	1.45
Quick Ratio	0.84	0.98	0.97	1.04	1.08
Operating Cash Flow to Current Liabilities	0.25	0.16	0.1	0.23	0.25
Days Sales Outstanding (Average Receivables)	43.78	51.01	54.42	56.94	56.44
Days Outstanding Inventory (Average Inventory)	56.37	45.92	41.5	40.78	37.65
Average Days Payable Outstanding	58.68	64.53	61.28	61.8	56.16
Cash Conversion Cycle (Average Days)	41.47	32.4	34.65	35.91	37.92
Long Term Solvency
Total Debt/Equity	87.42	72.76	68.59	64.99	65.56
Total Debt / Total Capital	46.64	42.11	40.68	39.39	39.6
LT Debt/Equity	62.48	54.55	48.43	48.37	51.32
Long-Term Debt / Total Capital	33.34	31.58	28.73	29.32	31
Total Liabilities / Total Assets	64.42	61.07	58.45	57.67	57.15
EBIT / Interest Expense	43.95	48.2	39.51	29.21	20.01
EBITDA / Interest Expense	90.87	97.02	82.75	59.94	38.43
(EBITDA - Capex) / Interest Expense	55.26	63.5	45.97	14.22	13.3
Total Debt / EBITDA	4.28	3.85	4.23	4.3	4.33
Net Debt / EBITDA	2.46	2.1	2.43	2.26	2.08
Total Debt / (EBITDA - Capex)	7.03	5.88	7.62	18.11	12.5
Net Debt / (EBITDA - Capex)	4.05	3.21	4.38	9.52	6
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	7.67	3.03	3.07	-0.64	4.59
Gross Profit, 1 Yr. Growth %	2.96	-1.32	-3.07	2.5	7.04
EBITDA, 1 Yr. Growth %	2.24	1.78	-8.14	1.6	9.51
EBITA, 1 Yr. Growth %	10.12	4.25	-11.95	3.66	18.73
EBIT, 1 Yr. Growth %	10.97	4.54	-11.71	3.68	17.01
Earnings From Cont. Operations, 1 Yr. Growth %	49.99	6.29	8.45	-13.5	11.41
Net Income, 1 Yr. Growth %	50.64	7.98	7.34	-13.94	11.83
Normalized Net Income, 1 Yr. Growth %	16.27	2.12	-12.52	3.44	13.48
Diluted EPS Before Extra, 1 Yr. Growth %	48.82	7.21	7.11	-14.2	11.64
Accounts Receivable, 1 Yr. Growth %	14.5	24.93	-2.03	9.49	-1.11
Inventory, 1 Yr. Growth %	-14.39	-15.38	7.17	-13.61	7.36
Net Property, Plant and Equip., 1 Yr. Growth %	-1.75	-2.92	-3.22	2.96	3.1
Total Assets, 1 Yr. Growth %	-0.28	0.5	0.45	6.88	7.94
Tangible Book Value, 1 Yr. Growth %	8.74	9.49	6.22	6.79	6.76
Common Equity, 1 Yr. Growth %	8.27	10.07	7.18	8.82	9.21
Cash From Operations, 1 Yr. Growth %	46.57	-37.22	-41.97	147.19	13.46
Capital Expenditures, 1 Yr. Growth %	-15.91	-10.28	18.17	74.36	-6.14
Levered Free Cash Flow, 1 Yr. Growth %	208.27	-67.52	-176.51	-189.8	34.56
Unlevered Free Cash Flow, 1 Yr. Growth %	200.73	-66.9	-171.31	-199.61	36.74
Dividend Per Share, 1 Yr. Growth %	15	4.35	8.33	15.38	6.67
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.25	5.32	3.05	1.2	1.94
Gross Profit, 2 Yr. CAGR %	2.74	0.8	-2.2	-0.32	4.75
EBITDA, 2 Yr. CAGR %	4.69	2.01	-3.31	-3.39	5.48
EBITA, 2 Yr. CAGR %	9.28	7.14	-4.19	-4.46	10.94
EBIT, 2 Yr. CAGR %	9.85	7.71	-3.93	-4.32	10.14
Earnings From Cont. Operations, 2 Yr. CAGR %	5.72	26.26	7.36	-3.15	-1.83
Net Income, 2 Yr. CAGR %	4.54	27.54	7.66	-3.89	-1.9
Normalized Net Income, 2 Yr. CAGR %	9.93	8.96	-5.49	-4.88	8.35
Diluted EPS Before Extra, 2 Yr. CAGR %	3.34	26.32	7.16	-4.14	-2.13
Accounts Receivable, 2 Yr. CAGR %	2.34	19.6	10.63	3.57	4.06
Inventory, 2 Yr. CAGR %	-8.04	-14.89	-4.77	-3.78	-3.69
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.43	-2.34	-3.07	-0.18	3.03
Total Assets, 2 Yr. CAGR %	-1.98	0.11	0.48	3.61	7.41
Tangible Book Value, 2 Yr. CAGR %	6.24	9.11	7.84	6.51	6.78
Common Equity, 2 Yr. CAGR %	5.75	9.17	8.61	7.99	9.01
Cash From Operations, 2 Yr. CAGR %	47.68	-4.07	-39.64	19.76	67.47
Capital Expenditures, 2 Yr. CAGR %	-25.52	-13.14	2.97	43.54	27.93
Levered Free Cash Flow, 2 Yr. CAGR %	129.94	0.07	-50.15	-17.11	9.92
Unlevered Free Cash Flow, 2 Yr. CAGR %	137.81	-0.23	-51.42	-15.72	16.71
Dividend Per Share, 2 Yr. CAGR %	10.02	9.54	6.32	11.8	10.94
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3	3.18	4.57	1.8	2.31
Gross Profit, 3 Yr. CAGR %	2.57	1.37	-0.51	-0.66	2.07
EBITDA, 3 Yr. CAGR %	3.36	3.71	-1.49	-1.7	0.73
EBITA, 3 Yr. CAGR %	6.01	7.57	0.36	-1.64	2.72
EBIT, 3 Yr. CAGR %	6.24	8.05	0.8	-1.46	2.32
Earnings From Cont. Operations, 3 Yr. CAGR %	12.73	5.91	20.02	-0.1	1.48
Net Income, 3 Yr. CAGR %	12.94	5.67	20.42	-0.08	1.09
Normalized Net Income, 3 Yr. CAGR %	9.14	7.26	1.27	-2.6	0.89
Diluted EPS Before Extra, 3 Yr. CAGR %	11.73	4.61	19.56	-0.5	0.86
Accounts Receivable, 3 Yr. CAGR %	4.1	9.37	11.91	10.25	1.99
Inventory, 3 Yr. CAGR %	1.94	-10.56	-8.09	-7.81	-0.2
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.75	-2.59	-2.64	-1.1	0.9
Total Assets, 3 Yr. CAGR %	1.58	-1.16	0.22	2.56	5.04
Tangible Book Value, 3 Yr. CAGR %	6.69	7.32	8.14	7.49	6.59
Common Equity, 3 Yr. CAGR %	6.47	7.17	8.5	8.68	8.4
Cash From Operations, 3 Yr. CAGR %	41.96	11.04	-18.87	-3.43	17.62
Capital Expenditures, 3 Yr. CAGR %	-13.4	-20.75	-3.75	22.73	24.59
Levered Free Cash Flow, 3 Yr. CAGR %	49.96	19.75	-8.5	-39.34	-2.58
Unlevered Free Cash Flow, 3 Yr. CAGR %	52.11	23.24	-10.8	-38.28	-0.97
Dividend Per Share, 3 Yr. CAGR %	-	8.1	9.14	9.26	10.06
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.88	3.3	3.02	2.38	3.51
Gross Profit, 5 Yr. CAGR %	8.79	1.67	0.63	0.69	1.56
EBITDA, 5 Yr. CAGR %	12.91	3.32	0.64	0.81	1.24
EBITA, 5 Yr. CAGR %	19.96	7.79	1.81	2.59	4.46
EBIT, 5 Yr. CAGR %	20.49	7.97	2.05	2.92	4.44
Earnings From Cont. Operations, 5 Yr. CAGR %	-7.66	15.03	10.55	2.19	10.75
Net Income, 5 Yr. CAGR %	-7.87	15.44	10.8	1.74	10.94
Normalized Net Income, 5 Yr. CAGR %	21.39	9.95	3.04	2.23	4.04
Diluted EPS Before Extra, 5 Yr. CAGR %	-14.09	11.53	9.88	1.02	10.36
Accounts Receivable, 5 Yr. CAGR %	4.99	9.17	6.67	7.01	8.7
Inventory, 5 Yr. CAGR %	1.03	-0.15	-0.8	-7.9	-6.35
Net Property, Plant and Equip., 5 Yr. CAGR %	0.4	-0.56	-1.68	-1.63	-0.41
Total Assets, 5 Yr. CAGR %	1.82	2	1.14	0.72	3.04
Tangible Book Value, 5 Yr. CAGR %	8.3	6.8	7.15	6.99	7.59
Common Equity, 5 Yr. CAGR %	7.99	6.68	7.32	7.5	8.7
Cash From Operations, 5 Yr. CAGR %	18.29	-4.38	0.83	14.45	8.41
Capital Expenditures, 5 Yr. CAGR %	0.7	-9.85	-7.19	0.51	7.85
Levered Free Cash Flow, 5 Yr. CAGR %	8.4	-7.53	-3.47	3.36	-1.53
Unlevered Free Cash Flow, 5 Yr. CAGR %	8.98	-7.4	-3.64	5.86	-0.67
Dividend Per Share, 5 Yr. CAGR %	10.44	5.92	-	9.57	9.86