Income Statement WirelessGate, Inc.

Stocks

9419

JP3990740007

Wireless Telecommunications Services

Market Closed - Japan Exchange 02:30:00 2026-09-11 EDT			5-day change	1st Jan Change
297.00 ^JPY	+1.71%		+1.37%	+23.24%

11-12	WirelessGate, Inc. agreed to acquire FREEDiVE Inc. from Shohei Imai for approximately ¥690 million.	CI
11-12	WirelessGate, Inc. agreed to acquire FREEDiVE Inc. from Shohei Imai for approximately ¥690 million.	CI

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Published financial data: WIRELESSGATE, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019 (JPY)	2020 (JPY)	2021 (JPY)	2022 (JPY)	2025 (JPY)
Revenues	11.33B	10.74B	9.78B	8.53B	8.35B
Total Revenues	11.33B	10.74B	9.78B	8.53B	8.35B
Cost of Goods Sold, Total	8.42B	7.28B	6.11B	4.26B	3.91B
Gross Profit	2.91B	3.46B	3.66B	4.27B	4.43B
Selling General & Admin Expenses, Total	2.81B	3.39B	3.81B	4.07B	4.26B
Provision for Bad Debts	62M	-4M	134M	-5M	6M
Depreciation & Amortization - (IS)	3M	13M	1M	-	-
Other Operating Expenses, Total	2.88B	3.4B	3.95B	4.07B	4.26B
Operating Income	33M	63M	-284M	197M	173M
Interest Expense, Total	-4M	-4M	-7M	-2M	-2M
Net Interest Expenses	-4M	-4M	-7M	-2M	-2M
Income (Loss) On Equity Invest.	-7M	-	-42M	-186M	-
Other Non Operating Income (Expenses)	45M	2M	-5M	-7M	3M
EBT, Excl. Unusual Items	67M	61M	-338M	2M	174M
Gain (Loss) On Sale Of Investments	-4M	-8M	-76M	27M	35M
Asset Writedown	-1M	-191M	-7M	-	-
Other Unusual Items	-1M	-80M	-1M	7M	-
EBT, Incl. Unusual Items	61M	-218M	-422M	36M	209M
Income Tax Expense	-13M	20M	4M	10M	-72M
Earnings From Continuing Operations	74M	-238M	-426M	26M	281M
Net Income to Company	74M	-238M	-426M	26M	281M
Minority Interest	36M	99M	38M	-	-
Net Income - (IS)	110M	-139M	-388M	26M	281M
Net Income to Common Incl Extra Items	110M	-139M	-388M	26M	281M
Net Income to Common Excl. Extra Items	110M	-139M	-388M	26M	281M
Per Share Items
Net EPS - Basic	10.44	-13.05	-36.17	2.42	25.82
Basic EPS - Continuing Operations	10.44	-13.05	-36.17	2.42	25.82
Basic Weighted Average Shares Outstanding	10.53M	10.65M	10.73M	10.73M	10.88M
Net EPS - Diluted	10.24	-13.05	-36.17	2.42	25.81
Diluted EPS - Continuing Operations	10.24	-13.05	-36.17	2.42	25.81
Diluted Weighted Average Shares Outstanding	10.81M	10.65M	10.73M	10.73M	10.89M
Normalized Basic EPS	7.39	12.88	-16.15	0.12	9.99
Normalized Diluted EPS	7.2	12.88	-16.15	0.12	9.99
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	126M	147M	-242M	216M	183M
EBITA	33M	63M	-284M	197M	173M
EBIT	33M	63M	-284M	197M	173M
Effective Tax Rate - (Ratio)	-21.31	-9.17	-0.95	27.78	-34.45
Normalized Net Income	77.88M	137M	-173M	1.25M	109M
Supplemental Operating Expense Items
Advertising Expense	200M	201M	329M	207M	-
Selling and Marketing Expenses	200M	201M	329M	207M	-

Fiscal Period: December	2019 (JPY)	2020 (JPY)	2021 (JPY)	2022 (JPY)	2025 (JPY)
Assets
Cash And Equivalents	1.29B	1.15B	1.36B	1.45B	1.68B
Total Cash And Short Term Investments	1.29B	1.15B	1.36B	1.45B	1.68B
Accounts Receivable, Total	1.06B	1.08B	816M	806M	1.12B
Other Receivables	73M	-	1M	-	-
Total Receivables	1.14B	1.08B	817M	806M	1.12B
Inventory	16M	47M	28M	79M	104M
Prepaid Expenses	208M	188M	188M	247M	-
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	359M	424M	17M	4M	134M
Total Current Assets	3.01B	2.89B	2.41B	2.58B	3.04B
Net Property Plant And Equipment	194M	93M	54M	38M	446M
Long-term Investments	843M	622M	533M	282M	159M
Goodwill	-	-	-	-	575M
Other Intangibles, Total	225M	114M	6M	3M	44M
Deferred Tax Assets Long-Term	25M	30M	31M	30M	142M
Other Long-Term Assets, Total	2M	2M	2M	1M	2M
Total Assets	4.3B	3.75B	3.04B	2.94B	4.41B
Liabilities
Accounts Payable, Total	1.34B	1.24B	908M	875M	992M
Short-term Borrowings	300M	550M	500M	500M	25M
Current Portion of Long-Term Debt	358M	424M	100M	91M	313M
Current Income Taxes Payable	403M	477M	504M	512M	599M
Other Current Liabilities	59M	50M	30M	27M	96M
Total Current Liabilities	2.46B	2.74B	2.04B	2B	2.02B
Long-Term Debt	622M	200M	91M	-	714M
Other Non Current Liabilities	13M	11M	11M	11M	78M
Total Liabilities	3.09B	2.95B	2.14B	2.02B	2.82B
Common Stock, Total	896M	908M	908M	908M	933M
Additional Paid In Capital	940M	787M	1.24B	1.24B	872M
Retained Earnings	-633M	-772M	-1.16B	-1.14B	-82M
Treasury Stock	-127M	-127M	-127M	-127M	-127M
Comprehensive Income and Other	5M	5M	27M	32M	-1M
Total Common Equity	1.08B	801M	892M	923M	1.6B
Minority Interest	122M	-	-	-	-
Total Equity	1.2B	801M	892M	923M	1.6B
Total Liabilities And Equity	4.3B	3.75B	3.04B	2.94B	4.41B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	10.6M	10.73M	10.73M	10.73M	10.88M
ECS Total Common Shares Outstanding	10.6M	10.73M	10.73M	10.73M	10.88M
Book Value / Share	102.02	74.67	83.16	86.05	146.59
Tangible Book Value	856M	687M	886M	920M	976M
Tangible Book Value Per Share	80.78	64.05	82.6	85.77	89.7
Total Debt	1.28B	1.17B	691M	591M	1.05B
Net Debt	-7M	26M	-669M	-858M	-631M
Minority Interest, Total (Incl. Fin. Div)	122M	-	-	-	-
Equity Method Investments, Total	-	-	-	-	-
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	16M	47M	28M	79M	104M
Inventories - Others	-	-	-	-	-
Full Time Employees	22	26	26	25	55
Accumulated Allowance for Doubtful Accounts (Supple)	16M	15M	15M	11M	1M

Fiscal Period: December	2019 (JPY)	2020 (JPY)	2021 (JPY)	2022 (JPY)	2025 (JPY)
Net Income	61M	-218M	-422M	36M	208M
Depreciation & Amortization - CF	93M	84M	42M	19M	10M
Depreciation & Amortization, Total	93M	84M	42M	19M	10M
(Gain) Loss From Sale Of Asset	1M	191M	8M	-	-
(Gain) Loss on Sale of Investments - (CF)	4M	8M	76M	-11M	-35M
(Income) Loss On Equity Investments - (CF)	7M	-	42M	186M	-
Other Operating Activities, Total	45M	70M	-29M	5M	17M
Change In Accounts Receivable	-47M	-20M	251M	14M	-121M
Change In Inventories	22M	-45M	18M	-50M	-14M
Change In Accounts Payable	-28M	-51M	-249M	-38M	67M
Change in Other Net Operating Assets	81M	220M	560M	22M	36M
Cash from Operations	239M	239M	297M	183M	168M
Capital Expenditure	-4M	-20M	-11M	-	-3M
Cash Acquisitions	-	-	-	-	-557M
Divestitures	21M	-	-	-	44M
Sale (Purchase) of Intangible assets	-65M	-70M	-19M	-	-
Investment in Marketable and Equity Securities, Total	-	-20M	-20M	4M	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	99M	-	-
Other Investing Activities, Total	-8M	3M	185M	-	18M
Cash from Investing	-56M	-107M	234M	4M	-498M
Short Term Debt Issued, Total	300M	250M	-	-	-
Long-Term Debt Issued, Total	110M	-	-	-	500M
Total Debt Issued	410M	250M	-	-	500M
Short Term Debt Repaid, Total	-	-	-	-	-300M
Long-Term Debt Repaid, Total	-340M	-356M	-354M	-100M	-17M
Total Debt Repaid	-340M	-356M	-354M	-100M	-317M
Issuance of Common Stock	11M	23M	-	-	-
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	240M	-187M	1.01B	-	-
Cash from Financing	321M	-270M	657M	-100M	183M
Miscellaneous Cash Flow Adjustments	-1M	-	-975M	1M	1M
Net Change in Cash	503M	-138M	213M	88M	-146M
Supplemental Items
Cash Interest Paid	4M	4M	7M	2M	2M
Cash Income Tax Paid (Refund)	60M	-64M	33M	-4M	-15M
Levered Free Cash Flow	-101M	-26.12M	199M	26.88M	-
Unlevered Free Cash Flow	-98.38M	-23.62M	204M	28.12M	-
Change In Net Working Capital	143M	57M	-369M	114M	-
Net Debt Issued / Repaid	70M	-106M	-354M	-100M	183M

Fiscal Period: December	2019 (JPY)	2020 (JPY)	2021 (JPY)	2022 (JPY)	2025 (JPY)
Profitability
Return on Assets	0.5	0.98	-5.23	4.12	-
Return on Total Capital	0.9	1.77	-9.98	7.95	-
Return On Equity %	7.12	-23.75	-50.32	2.86	-
Return on Common Equity	11.39	-14.77	-45.84	2.86	-
Margin Analysis
Gross Profit Margin %	25.69	32.22	37.49	50.01	53.11
SG&A Margin	24.82	31.55	39.01	47.76	50.97
EBITDA Margin %	1.11	1.37	-2.48	2.53	2.19
EBITA Margin %	0.29	0.59	-2.9	2.31	2.07
EBIT Margin %	0.29	0.59	-2.9	2.31	2.07
Income From Continuing Operations Margin %	0.65	-2.21	-4.36	0.3	3.37
Net Income Margin %	0.97	-1.29	-3.97	0.3	3.37
Net Avail. For Common Margin %	0.97	-1.29	-3.97	0.3	3.37
Normalized Net Income Margin	0.69	1.28	-1.77	0.01	1.3
Levered Free Cash Flow Margin	-0.89	-0.24	2.04	0.32	-
Unlevered Free Cash Flow Margin	-0.87	-0.22	2.08	0.33	-
Asset Turnover
Asset Turnover	2.76	2.67	2.88	2.86	-
Fixed Assets Turnover	50.02	74.88	133.01	185.46	-
Receivables Turnover (Average Receivables)	10.9	10.01	10.29	10.52	-
Inventory Turnover (Average Inventory)	306.15	231.21	162.96	79.72	-
Short Term Liquidity
Current Ratio	1.22	1.06	1.18	1.29	1.5
Quick Ratio	0.99	0.81	1.07	1.12	1.39
Operating Cash Flow to Current Liabilities	0.1	0.09	0.15	0.09	0.08
Days Sales Outstanding (Average Receivables)	33.47	36.57	35.47	34.7	-
Days Outstanding Inventory (Average Inventory)	1.19	1.58	2.24	4.58	-
Average Days Payable Outstanding	60.47	64.45	64.32	75.39	-
Cash Conversion Cycle (Average Days)	-25.8	-26.3	-26.61	-36.12	-
Long Term Solvency
Total Debt/Equity	106.4	146.57	77.47	64.03	65.96
Total Debt / Total Capital	51.55	59.44	43.65	39.04	39.74
LT Debt/Equity	51.7	24.97	10.2	-	44.76
Long-Term Debt / Total Capital	25.05	10.13	5.75	-	26.97
Total Liabilities / Total Assets	71.99	78.65	70.62	68.59	63.85
EBIT / Interest Expense	8.25	15.75	-40.57	98.5	86.5
EBITDA / Interest Expense	31.5	36.75	-34.57	108	91.5
(EBITDA - Capex) / Interest Expense	30.5	31.75	-36.14	108	90
Total Debt / EBITDA	10.16	7.99	-2.86	2.74	5.75
Net Debt / EBITDA	-0.06	0.18	2.76	-3.97	-3.45
Total Debt / (EBITDA - Capex)	10.49	9.24	-2.73	2.74	5.84
Net Debt / (EBITDA - Capex)	-0.06	0.2	2.64	-3.97	-3.51
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-0.76	-5.16	-9.02	-12.74	-
Gross Profit, 1 Yr. Growth %	5.24	18.97	5.86	16.4	-
EBITDA, 1 Yr. Growth %	-57.86	16.67	-264.63	-189.26	-
EBITA, 1 Yr. Growth %	-82.63	90.91	-550.79	-169.37	-
EBIT, 1 Yr. Growth %	-82.63	90.91	-550.79	-169.37	-
Earnings From Cont. Operations, 1 Yr. Growth %	-103.33	-421.62	78.99	-106.1	-
Net Income, 1 Yr. Growth %	-105.22	-226.36	179.14	-106.7	-
Normalized Net Income, 1 Yr. Growth %	-113.82	76.08	-226.34	-100.72	-
Diluted EPS Before Extra, 1 Yr. Growth %	-105.11	-227.46	177.13	-106.7	-
Accounts Receivable, 1 Yr. Growth %	4.73	1.98	-24.72	-1.23	-
Inventory, 1 Yr. Growth %	-58.97	193.75	-40.43	182.14	-
Net Property, Plant and Equip., 1 Yr. Growth %	-25.1	-52.06	-41.94	-29.63	-
Total Assets, 1 Yr. Growth %	9.45	-12.64	-19.08	-3.2	-
Tangible Book Value, 1 Yr. Growth %	27.76	-19.74	28.97	3.84	-
Common Equity, 1 Yr. Growth %	27.18	-25.9	11.36	3.48	-
Cash From Operations, 1 Yr. Growth %	-134.64	0	24.27	-38.38	-
Capital Expenditures, 1 Yr. Growth %	-85.71	400	-45	-	-
Levered Free Cash Flow, 1 Yr. Growth %	36.09	-74.1	-862.2	-86.5	-
Unlevered Free Cash Flow, 1 Yr. Growth %	36.16	-75.98	-961.38	-86.18	-
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-2.14	-2.98	-7.11	-10.9	-
Gross Profit, 2 Yr. CAGR %	0.73	11.9	12.23	11.01	-
EBITDA, 2 Yr. CAGR %	-65.14	-29.88	38.59	21.22	-
EBITA, 2 Yr. CAGR %	-81.09	-42.42	193.36	76.83	-
EBIT, 2 Yr. CAGR %	-81.09	-42.42	193.36	76.83	-
Earnings From Cont. Operations, 2 Yr. CAGR %	-58.32	-67.26	139.93	-66.95	-
Net Income, 2 Yr. CAGR %	-51.15	-74.32	87.81	-56.75	-
Normalized Net Income, 2 Yr. CAGR %	-61.44	-50.67	49.15	-90.45	-
Diluted EPS Before Extra, 2 Yr. CAGR %	-50.55	-74.48	87.95	-56.91	-
Accounts Receivable, 2 Yr. CAGR %	-2.36	3.34	-12.38	-13.77	-
Inventory, 2 Yr. CAGR %	-73.96	9.78	32.29	29.65	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-22.02	-40.08	-47.24	-36.08	-
Total Assets, 2 Yr. CAGR %	-16.75	-2.22	-15.92	-11.49	-
Tangible Book Value, 2 Yr. CAGR %	-47.5	1.26	1.74	15.72	-
Common Equity, 2 Yr. CAGR %	-42.13	-2.93	-9.16	7.35	-
Cash From Operations, 2 Yr. CAGR %	-40.85	-41.15	11.48	-12.5	-
Capital Expenditures, 2 Yr. CAGR %	-73.96	-15.48	65.83	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-51.51	-40.63	40.5	1.43	-
Unlevered Free Cash Flow, 2 Yr. CAGR %	-52.22	-42.82	43.83	9.11	-
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.54	-3.16	-5.04	-9.02	-0.72
Gross Profit, 3 Yr. CAGR %	-0.79	6.48	9.85	13.6	1.3
EBITDA, 3 Yr. CAGR %	-54.83	-47.86	-6.81	19.68	-5.38
EBITA, 3 Yr. CAGR %	-70.23	-59.13	14.34	81.41	-4.24
EBIT, 3 Yr. CAGR %	-70.23	-59.13	14.34	81.41	-4.24
Earnings From Cont. Operations, 3 Yr. CAGR %	-52.51	-17.64	-42.33	-29.44	121.09
Net Income, 3 Yr. CAGR %	-45.86	-32.94	-43.11	-38.17	121.09
Normalized Net Income, 3 Yr. CAGR %	-51.63	-36.03	-32.51	-74.77	343.1
Diluted EPS Before Extra, 3 Yr. CAGR %	-45.4	-32.2	-43.49	-38.14	120
Accounts Receivable, 3 Yr. CAGR %	-0.68	-0.94	-7.02	-8.81	11.69
Inventory, 3 Yr. CAGR %	-60.96	-41.6	-10.46	70.28	9.6
Net Property, Plant and Equip., 3 Yr. CAGR %	-18.4	-33.69	-40.7	-41.92	127.26
Total Assets, 3 Yr. CAGR %	-11.55	-15.4	-8.2	-11.88	14.5
Tangible Book Value, 3 Yr. CAGR %	-33.6	-39.52	9.76	2.43	1.99
Common Equity, 3 Yr. CAGR %	-28.63	-37.16	1.62	-5.13	20
Cash From Operations, 3 Yr. CAGR %	-36.1	-29.53	-24.5	-8.51	-2.81
Capital Expenditures, 3 Yr. CAGR %	-63.75	-30.27	-26.76	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-49.78	-60.66	39.01	-35.65	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	-50.25	-62.01	41.22	-34.12	-
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.47	-1.02	-4.39	-6.33	-4.92
Gross Profit, 5 Yr. CAGR %	3.21	3.07	4.22	8.27	5.07
EBITDA, 5 Yr. CAGR %	-31.67	-34.11	-29.27	-26.93	4.48
EBITA, 5 Yr. CAGR %	-47.08	-43.19	-25.66	-26.57	22.39
EBIT, 5 Yr. CAGR %	-47.08	-43.19	-25.66	-26.57	22.39
Earnings From Cont. Operations, 5 Yr. CAGR %	-31.73	-19.03	-9.22	-42.84	3.38
Net Income, 5 Yr. CAGR %	-26.1	-27.29	-10.95	-43.73	15.12
Normalized Net Income, 5 Yr. CAGR %	-30.87	-27.04	-24.11	-70.11	-4.53
Diluted EPS Before Extra, 5 Yr. CAGR %	-25.52	-26.66	-10.48	-43.44	14.61
Accounts Receivable, 5 Yr. CAGR %	1.91	0.43	-5.54	-6.28	0.71
Inventory, 5 Yr. CAGR %	9.86	-30.84	-36.4	-19.66	17.22
Net Property, Plant and Equip., 5 Yr. CAGR %	-13.12	-24.42	-31.46	-34.66	36.83
Total Assets, 5 Yr. CAGR %	1.88	-8.66	-13.33	-13.86	3.29
Tangible Book Value, 5 Yr. CAGR %	-17.35	-23.59	-21.24	-21.6	7.28
Common Equity, 5 Yr. CAGR %	-13.83	-21.52	-21.4	-22.15	14.77
Cash From Operations, 5 Yr. CAGR %	-2.91	-22.95	-20.17	-23.16	-6.81
Capital Expenditures, 5 Yr. CAGR %	-59.67	-25.65	-33.41	-	-31.57
Levered Free Cash Flow, 5 Yr. CAGR %	-8.71	-49.34	-24.21	-42.54	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	-9.17	-50.36	-23.93	-42.06	-