Balance Sheet Shiseido Company, Limited

Equities

4911

JP3351600006

Personal Products

Delayed Japan Exchange Other stock markets 22:30:00 2024-09-12 EDT			5-day change	1st Jan Change
3,312.00 ^JPY	+3.11%		+2.00%	-22.11%

09-02	Nomura Adjusts Shiseido's Price Target to 4,600 Yen From 6,000 Yen, Keeps at Buy	MT
08-29	Jefferies Adjusts Shiseido's Price Target to 3,160 Yen From 4,200 Yen, Keeps at Underperform	MT

5035adb0e8819a645fc2eaa474cb94.3WBFb3VQLf68N1DXkRE5KkpAnusIyjgD_Xs6rNiBkxY.sRAqKARpf8zFAj-A31pMaABx19ltog8xuQponZXg2F-ZPzANTB1UjIhlGQ

Published financial data: SHISEIDO COMPANY, LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1,132B	921B	1,035B	1,067B	973B
Total Revenues	1,132B	921B	1,035B	1,067B	973B
Cost of Goods Sold, Total	255B	238B	263B	323B	260B
Gross Profit	877B	682B	772B	744B	713B
Selling General & Admin Expenses, Total	763B	668B	731B	722B	697B
R&D Expenses	-	-	-	-	-
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	-	-	-	-2.11B	-1.18B
Other Operating Expenses, Total	763B	668B	731B	720B	695B
Operating Income	114B	14.96B	41.59B	24.55B	17.92B
Interest Expense, Total	-3.56B	-3.56B	-2.41B	-2.62B	-3.04B
Interest And Investment Income	1.58B	915M	1.49B	5.01B	6.09B
Net Interest Expenses	-1.98B	-2.64B	-924M	2.39B	3.05B
Income (Loss) On Equity Invest.	330M	269M	-1.09B	1.61B	3.74B
Currency Exchange Gains (Loss)	-5.38B	-3.09B	2.36B	-531M	-3.45B
Other Non Operating Income (Expenses)	1.93B	137M	2.9B	4.91B	4.24B
EBT, Excl. Unusual Items	109B	9.64B	44.83B	32.93B	25.5B
Restructuring Charges	-	-	-	-3.44B	-1.86B
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	2.79B	316M	16.18B	-	-
Gain (Loss) On Sale Of Assets	-1.03B	6.05B	-1.93B	19.61B	6.92B
Asset Writedown	-	-944M	-26.46B	1.32B	467M
Other Unusual Items	-3.12B	-17.1B	40.63B	-	-
EBT, Incl. Unusual Items	107B	-2.04B	73.26B	50.43B	31.04B
Income Tax Expense	30.08B	7.08B	28.34B	12.84B	6.86B
Earnings From Continuing Operations	77.3B	-9.12B	44.91B	37.58B	24.18B
Net Income to Company	77.3B	-9.12B	44.91B	37.58B	24.18B
Minority Interest	-3.74B	-2.54B	-2.47B	-3.38B	-2.43B
Net Income - (IS)	73.56B	-11.66B	42.44B	34.2B	21.75B
Net Income to Common Incl Extra Items	73.56B	-11.66B	42.44B	34.2B	21.75B
Net Income to Common Excl. Extra Items	73.56B	-11.66B	42.44B	34.2B	21.75B
Per Share Items
Net EPS - Basic	184.18	-29.19	106.24	85.6	54.42
Basic EPS - Continuing Operations	184.18	-29.19	106.24	85.6	54.42
Basic Weighted Average Shares Outstanding	399M	399M	399M	400M	400M
Net EPS - Diluted	183.99	-29.19	106.15	85.54	54.4
Diluted EPS - Continuing Operations	183.99	-29.19	106.15	85.54	54.4
Diluted Weighted Average Shares Outstanding	400M	399M	400M	400M	400M
Normalized Basic EPS	160.79	8.72	63.95	43.05	33.82
Normalized Diluted EPS	160.63	8.72	63.9	43.02	33.8
Dividend Per Share	60	40	50	50	60
Payout Ratio	29.94	-171.24	37.67	64.23	192.69
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	172B	82.41B	111B	100B	93.41B
EBITA	117B	22.03B	48.45B	24.55B	17.92B
EBIT	114B	14.96B	41.59B	24.55B	17.92B
Effective Tax Rate - (Ratio)	28.01	-346.84	38.69	25.47	22.1
Total Current Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	64.22B	3.48B	25.55B	17.2B	13.51B
Non-Cash Pension Expense	1.95B	1.25B	-1.94B	5.27B	5.23B
Supplemental Operating Expense Items
Advertising Expense	129B	129B	160B	-	-
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	129B	129B	160B	-	-
Research And Development Expense From Footnotes	31.7B	27B	25.6B	26.7B	27.6B
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	110B	130B	172B	119B	105B
Short Term Investments	-	21B	-	-	-
Total Cash And Short Term Investments	110B	151B	172B	119B	105B
Accounts Receivable, Total	170B	141B	147B	182B	150B
Other Receivables	-	-	-	-	-
Total Receivables	170B	141B	147B	182B	150B
Inventory	181B	170B	144B	131B	150B
Prepaid Expenses	-	-	-	11.07B	13.34B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	71.01B	52.64B	58.64B	81.11B	52.66B
Total Current Assets	533B	515B	522B	524B	470B
Gross Property Plant And Equipment	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	315B	341B	357B	433B	402B
Long-term Investments	66.89B	64.53B	49.85B	106B	122B
Goodwill	64.5B	54.43B	44.16B	57.88B	62.14B
Other Intangibles, Total	185B	187B	102B	123B	138B
Loans Receivable Long-Term	-	-	31.12B	-	-
Deferred Tax Assets Long-Term	55.31B	42.5B	72.97B	63.38B	61.19B
Other Long-Term Assets, Total	1M	1M	1M	5M	3M
Total Assets	1,219B	1,204B	1,179B	1,308B	1,255B
Liabilities
Accounts Payable, Total	96.94B	76.93B	68.6B	204B	179B
Accrued Expenses, Total	25.23B	15.19B	29.73B	64.52B	56.07B
Short-term Borrowings	120B	56.49B	-	75M	20B
Current Portion of Long-Term Debt	15.73B	10.73B	15.73B	25.92B	30B
Current Portion of Leases	8.72B	8.34B	9.66B	23.76B	21.92B
Current Income Taxes Payable	101B	83.07B	142B	46.79B	40.4B
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	96.08B	102B	118B	23.19B	21.43B
Total Current Liabilities	464B	353B	384B	388B	368B
Long-Term Debt	85.79B	233B	146B	140B	111B
Long-Term Leases	17.37B	15.87B	19.67B	107B	98.51B
Pension & Other Post Retirement Benefits	69.8B	27.19B	18.59B	25.35B	15.06B
Deferred Tax Liability Non Current	2.71B	2.94B	1.04B	2.17B	2.87B
Other Non Current Liabilities	60.99B	65.79B	42.68B	18.93B	19.77B
Total Liabilities	701B	698B	612B	682B	615B
Common Stock, Total	64.51B	64.51B	64.51B	64.51B	64.51B
Additional Paid In Capital	70.74B	70.74B	70.74B	73.56B	74B
Retained Earnings	371B	340B	366B	395B	380B
Treasury Stock	-2.59B	-2.46B	-2.34B	-2.09B	-1.59B
Comprehensive Income and Other	-6.39B	13.08B	46.87B	73.4B	102B
Total Common Equity	498B	486B	546B	604B	619B
Minority Interest	20.16B	20.9B	21.34B	21.49B	21.64B
Total Equity	518B	507B	567B	626B	640B
Total Liabilities And Equity	1,219B	1,204B	1,179B	1,308B	1,255B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	399M	399M	400M	400M	400M
ECS Total Common Shares Outstanding	399M	399M	399M	400M	400M
Book Value / Share	1.25K	1.22K	1.37K	1.51K	1.55K
Tangible Book Value	248B	244B	400B	423B	419B
Tangible Book Value Per Share	622.11	611.55	1K	1.06K	1.05K
Total Debt	248B	324B	191B	297B	281B
Net Debt	138B	173B	18.93B	178B	176B
Debt Equivalent of Unfunded Proj. Benefit Obligation	69.8B	27.19B	18.59B	25.35B	15.06B
Minority Interest, Total (Incl. Fin. Div)	20.16B	20.9B	21.34B	21.49B	21.64B
Equity Method Investments, Total	-	-	-	15.54B	18.45B
Account Code - Inventory Valuation	-	-	-	-	-
Inventories - Raw Materials, Total	47.72B	49.73B	52.53B	42.75B	58.54B
Inventories - Work In Process, Total	7.04B	6.49B	7.11B	6.35B	7.97B
Inventories - Finished Goods, Total	126B	114B	84.12B	81.84B	83.14B
Inventories - Others	1M	1M	1M	2M	1M
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	-	-	-	-	-
Full Time Employees	40K	39.04K	35.32K	33.41K	30.54K
Accumulated Allowance for Doubtful Accounts (Supple)	2.74B	3.64B	4.03B	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	107B	-2.04B	73.26B	50.43B	31.04B
Depreciation & Amortization - CF	55.73B	60.38B	62.99B	75.72B	75.49B
Amortization of Goodwill and Intangible Assets - (CF)	2.68B	7.06B	6.86B	-	-
Depreciation & Amortization, Total	58.41B	67.45B	69.85B	75.72B	75.49B
(Gain) Loss From Sale Of Asset	1.03B	-5.11B	28.39B	13.68B	-2.87B
(Gain) Loss on Sale of Investments - (CF)	-3.28B	-814M	-2.67B	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-330M	-269M	1.09B	-1.61B	-3.74B
Other Operating Activities, Total	-51.37B	-9.12B	-47.47B	-70.62B	-2.36B
Change In Accounts Receivable	-9.21B	28.54B	-1.59B	-6.33B	35.14B
Change In Inventories	-31.22B	10.76B	10.85B	-3.35B	-2.22B
Change In Accounts Payable	10.19B	-39.68B	34B	-12.52B	-23.69B
Change in Other Net Operating Assets	-6.03B	14.32B	-42.83B	1.34B	-17.76B
Cash from Operations	75.56B	64.04B	123B	46.74B	89.03B
Capital Expenditure	-92.2B	-56.36B	-72.52B	-36.29B	-26.7B
Sale of Property, Plant, and Equipment	1.19B	10.44B	1.52B	5.29B	14.8B
Cash Acquisitions	-91.77B	-	-	-	-
Divestitures	-	-	-	-	8.5B
Sale (Purchase) of Intangible assets	-19.6B	-17.13B	-19.93B	-29.92B	-28.97B
Investment in Marketable and Equity Securities, Total	10.67B	-506M	4.53B	1.1B	-3.44B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-11.11B	-6.53B	150B	18.51B	280M
Cash from Investing	-203B	-70.08B	63.74B	-41.31B	-35.54B
Short Term Debt Issued, Total	118B	-	-	73M	19.92B
Long-Term Debt Issued, Total	43.62B	160B	10B	20B	554M
Total Debt Issued	161B	160B	10B	20.07B	20.47B
Short Term Debt Repaid, Total	-	-63.46B	-57.88B	-	-
Long-Term Debt Repaid, Total	-10.73B	-15.73B	-94.71B	-15.73B	-25.92B
Total Debt Repaid	-10.73B	-79.19B	-153B	-15.73B	-25.92B
Issuance of Common Stock	114M	71M	71M	244M	-
Repurchase of Common Stock	-22M	-12M	-23M	-9M	-8M
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-22.03B	-19.97B	-15.99B	-21.97B	-41.91B
Common & Preferred Stock Dividends Paid	-22.03B	-19.97B	-15.99B	-21.97B	-41.91B
Other Financing Activities, Total	-15.03B	-14.02B	-17.68B	-35.03B	-28.28B
Cash from Financing	114B	46.88B	-176B	-52.42B	-75.64B
Foreign Exchange Rate Adjustments	-693M	-1.96B	9.75B	10.02B	7.28B
Miscellaneous Cash Flow Adjustments	-24M	-1M	-	-500M	521M
Net Change in Cash	-14.3B	38.88B	20.16B	-37.47B	-14.35B
Supplemental Items
Cash Interest Paid	3.29B	3.61B	2.42B	2.07B	2.76B
Cash Income Tax Paid (Refund)	51.74B	-2B	23.89B	67.52B	-1.1B
Levered Free Cash Flow	-25.37B	17.71B	97.38B	-52.86B	27.14B
Unlevered Free Cash Flow	-23.15B	19.93B	98.89B	-51.22B	29.03B
Change In Net Working Capital	40.9B	-16.62B	-95.5B	76.08B	1.98B
Net Debt Issued / Repaid	151B	80.81B	-143B	4.34B	-5.44B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.39	0.77	2.18	1.23	0.87
Return on Total Capital	10.86	1.17	3.27	1.83	1.21
Return On Equity %	15.67	-1.78	8.36	6.3	3.82
Return on Common Equity	15.53	-2.37	8.23	5.95	3.56
Margin Analysis
Gross Profit Margin %	77.48	74.11	74.6	69.72	73.31
SG&A Margin	67.42	72.49	70.58	67.62	71.59
EBITDA Margin %	15.22	8.95	10.76	9.39	9.6
EBITA Margin %	10.3	2.39	4.68	2.3	1.84
EBIT Margin %	10.06	1.62	4.02	2.3	1.84
Income From Continuing Operations Margin %	6.83	-0.99	4.34	3.52	2.48
Net Income Margin %	6.5	-1.27	4.1	3.2	2.24
Net Avail. For Common Margin %	6.5	-1.27	4.1	3.2	2.24
Normalized Net Income Margin	5.68	0.38	2.47	1.61	1.39
Levered Free Cash Flow Margin	-2.24	1.92	9.41	-4.95	2.79
Unlevered Free Cash Flow Margin