Cash flow Mitsubishi Estate Co., Ltd.

Equities

8802

JP3899600005

Real Estate Development & Operations

Market Closed - Japan Exchange Other stock markets 01:30:00 2024-12-02 am EST			5-day change	1st Jan Change
2,113.50 ^JPY	-0.28%		-1.93%	+8.78%

Nov. 15	CapitaLand Development Achieves 92% Bookings at Senique Hanoi Project in Vietnam	MT
Nov. 12	Tranche Update on Mitsubishi Estate Co., Ltd.'s Equity Buyback Plan announced on May 10, 2024.	CI

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Published financial data: MITSUBISHI ESTATE CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	1,302B	1,208B	1,349B	1,378B	1,505B
Total Revenues	1,302B	1,208B	1,349B	1,378B	1,505B
Cost of Goods Sold, Total	967B	890B	975B	981B	1,112B
Gross Profit	335B	318B	375B	397B	392B
Selling General & Admin Expenses, Total	94.15B	93.26B	95.61B	100B	114B
Provision for Bad Debts	241M	110M	174M	309M	113M
Other Operating Expenses, Total	94.39B	93.37B	95.79B	100B	114B
Operating Income	241B	224B	279B	297B	279B
Interest Expense, Total	-22.1B	-21.62B	-20.74B	-25B	-36B
Interest And Investment Income	8.18B	16.97B	8B	8.63B	10.68B
Net Interest Expenses	-13.92B	-4.66B	-12.74B	-16.37B	-25.32B
Income (Loss) On Equity Invest.	229M	307M	332M	260M	308M
Other Non Operating Income (Expenses)	177M	-2.63B	-452M	-3.02B	-6.64B
EBT, Excl. Unusual Items	227B	217B	266B	278B	247B
Gain (Loss) On Sale Of Investments	-633M	-10.8B	9.83B	-6.56B	18.14B
Gain (Loss) On Sale Of Assets	-2.54B	7.13B	-5.62B	3.17B	4.56B
Asset Writedown	-16.29B	-6.78B	-3.87B	-3.54B	-
Other Unusual Items	16.16B	-5.7B	-12.68B	-17.74B	4.85B
EBT, Incl. Unusual Items	224B	201B	254B	253B	275B
Income Tax Expense	58.53B	54.2B	70.89B	70.63B	98.13B
Earnings From Continuing Operations	165B	147B	183B	182B	176B
Net Income to Company	165B	147B	183B	182B	176B
Minority Interest	-16.96B	-11.41B	-27.72B	-16.92B	-7.97B
Net Income - (IS)	148B	136B	155B	165B	168B
Net Income to Common Incl Extra Items	148B	136B	155B	165B	168B
Net Income to Common Excl. Extra Items	148B	136B	155B	165B	168B
Per Share Items
Net EPS - Basic	108.64	101.34	116.45	125.54	131.96
Basic EPS - Continuing Operations	108.64	101.34	116.45	125.54	131.96
Basic Weighted Average Shares Outstanding	1.37B	1.34B	1.33B	1.32B	1.28B
Net EPS - Diluted	108.63	101.33	116.44	125.53	131.96
Diluted EPS - Continuing Operations	108.63	101.33	116.44	125.53	131.96
Diluted Weighted Average Shares Outstanding	1.37B	1.34B	1.33B	1.32B	1.28B
Normalized Basic EPS	91.53	92.99	104.02	118.87	114.69
Normalized Diluted EPS	91.52	92.98	104.01	118.86	114.69
Dividend Per Share	33	31	36	38	40
Payout Ratio	29.71	29.57	30.16	31.2	29.71
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	328B	317B	373B	393B	376B
EBITA	243B	227B	282B	300B	277B
EBIT	241B	224B	279B	297B	279B
Effective Tax Rate - (Ratio)	26.14	26.93	27.93	27.93	35.74
Normalized Net Income	125B	124B	139B	157B	146B
Non-Cash Pension Expense	-2.87B	-1.8B	-3.57B	-4.77B	-5.23B
Supplemental Operating Expense Items
Advertising Expense	10.14B	8.75B	6.92B	5.63B	7.69B
Selling and Marketing Expenses	10.14B	8.75B	6.92B	5.63B	7.69B

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	208B	170B	233B	225B	274B
Short Term Investments	7.66B	4.63B	4.28B	3.58B	4.75B
Total Cash And Short Term Investments	216B	175B	237B	229B	279B
Accounts Receivable, Total	501B	548B	685B	786B	1,051B
Total Receivables	501B	548B	685B	786B	1,051B
Inventory	329B	365B	347B	494B	514B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	70.21B	76.88B	87.26B	109B	102B
Total Current Assets	1,116B	1,164B	1,357B	1,617B	1,945B
Net Property Plant And Equipment	4,107B	4,180B	4,346B	4,416B	4,597B
Long-term Investments	511B	599B	655B	699B	902B
Other Intangibles, Total	96.77B	101B	108B	111B	105B
Loans Receivable Long-Term	10.92B	11.66B	2.32B	2.56B	5.08B
Deferred Tax Assets Long-Term	16.27B	16.54B	25.89B	25.94B	29.61B
Other Long-Term Assets, Total	1M	1M	2M	2M	1M
Total Assets	5,858B	6,073B	6,494B	6,872B	7,584B
Liabilities
Accounts Payable, Total	66.37B	60.51B	60.52B	66.41B	87.09B
Short-term Borrowings	165B	192B	182B	195B	231B
Current Portion of Long-Term Debt	208B	193B	170B	237B	174B
Current Income Taxes Payable	29.77B	24.46B	29.44B	23.57B	49.26B
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	194B	193B	189B	334B	329B
Total Current Liabilities	664B	662B	631B	855B	871B
Long-Term Debt	2,054B	2,140B	2,385B	2,439B	2,731B
Pension & Other Post Retirement Benefits	27.52B	27.78B	27.87B	28.12B	27.83B
Deferred Tax Liability Non Current	480B	508B	538B	553B	622B
Other Non Current Liabilities	691B	673B	675B	617B	707B
Total Liabilities	3,917B	4,011B	4,257B	4,492B	4,959B
Common Stock, Total	142B	142B	142B	142B	142B
Additional Paid In Capital	164B	164B	160B	158B	157B
Retained Earnings	963B	1,058B	1,165B	1,147B	1,266B
Treasury Stock	-105B	-105B	-132B	-48.45B	-102B
Comprehensive Income and Other	571B	592B	668B	758B	938B
Total Common Equity	1,735B	1,852B	2,003B	2,158B	2,401B
Minority Interest	206B	209B	233B	222B	223B
Total Equity	1,941B	2,061B	2,236B	2,380B	2,625B
Total Liabilities And Equity	5,858B	6,073B	6,494B	6,872B	7,584B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.34B	1.34B	1.32B	1.29B	1.26B
ECS Total Common Shares Outstanding	1.34B	1.34B	1.32B	1.3B	1.27B
Book Value / Share	1.3K	1.38K	1.51K	1.66K	1.9K
Tangible Book Value	1,638B	1,751B	1,895B	2,047B	2,296B
Tangible Book Value Per Share	1.22K	1.31K	1.43K	1.58K	1.81K
Total Debt	2,428B	2,524B	2,737B	2,870B	3,137B
Net Debt	2,212B	2,349B	2,499B	2,642B	2,858B
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.91B	-7B	-18.31B	-34.62B	-98.95B
Minority Interest, Total (Incl. Fin. Div)	206B	209B	233B	222B	223B
Inventories - Raw Materials, Total	1.62B	1.59B	1.25B	1.43B	1.48B
Inventories - Work In Process, Total	255B	275B	304B	426B	458B
Inventories - Finished Goods, Total	72.61B	88.53B	42.29B	65.95B	54.38B
Full Time Employees	9.62K	9.98K	10.2K	10.66K	11.04K
Accumulated Allowance for Doubtful Accounts (Supple)	294M	553M	422M	659M	785M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	224B	201B	254B	253B	275B
Depreciation & Amortization - CF	84.94B	89.11B	91.58B	93.46B	98.3B
Amortization of Goodwill and Intangible Assets - (CF)	2.67B	3.02B	2.54B	3.17B	-1.14B
Depreciation & Amortization, Total	87.61B	92.13B	94.12B	96.63B	97.16B
(Gain) Loss From Sale Of Asset	14.91B	-2.58B	16.42B	4.28B	-7.31B
(Gain) Loss on Sale of Investments - (CF)	654M	-3.02B	-9.83B	-704M	-30.28B
(Income) Loss On Equity Investments - (CF)	-229M	-307M	-332M	-260M	-308M
Other Operating Activities, Total	-45.76B	-57.7B	-52.41B	-62.11B	-65.25B
Change In Accounts Receivable	15.17B	-24.2B	-37.22B	-11.48B	-202B
Change In Inventories	148B	56.44B	117B	7.46B	131B
Change In Accounts Payable	26.25B	-12.84B	2.03B	6.92B	19.68B
Change in Other Net Operating Assets	-129B	-41.76B	-103B	-23.73B	90.55B
Cash from Operations	342B	207B	280B	270B	307B
Capital Expenditure	-332B	-316B	-329B	-286B	-451B
Sale of Property, Plant, and Equipment	106B	30.4B	14.57B	17.05B	68.04B
Cash Acquisitions	-	-	-455M	-33.42B	-
Divestitures	-	-	1.88B	-	-
Sale (Purchase) of Intangible assets	-135M	-4.06B	-	-	-
Investment in Marketable and Equity Securities, Total	-29.54B	-2.49B	1.61B	2.76B	32.65B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-15.59B	3.78B	4.56B	-528M	-2.96B
Other Investing Activities, Total	-6.26B	-9.16B	-7.36B	-11.6B	-8.35B
Cash from Investing	-277B	-297B	-314B	-312B	-362B
Short Term Debt Issued, Total	79.2B	27.4B	26.1B	16.73B	14.76B
Long-Term Debt Issued, Total	343B	437B	391B	309B	444B
Total Debt Issued	422B	465B	417B	326B	458B
Short Term Debt Repaid, Total	-	-	-50B	-	-
Long-Term Debt Repaid, Total	-306B	-365B	-184B	-175B	-240B
Total Debt Repaid	-306B	-365B	-234B	-175B	-240B
Repurchase of Common Stock	-100B	-23M	-29.86B	-45.82B	-54.26B
Common & Preferred Stock Dividends Paid	-44.1B	-40.12B	-46.79B	-51.58B	-50.04B
Common & Preferred Stock Dividends Paid	-44.1B	-40.12B	-46.79B	-51.58B	-50.04B
Other Financing Activities, Total	-1B	-8.55B	-15.2B	-23.16B	-14.04B
Cash from Financing	-28.89B	50.42B	90.97B	30.46B	100B
Foreign Exchange Rate Adjustments	-1.63B	-1.24B	4.65B	5.24B	4.59B
Miscellaneous Cash Flow Adjustments	-114M	-	1M	-2.04B	-61M
Net Change in Cash	33.7B	-40.7B	61.94B	-8.47B	50.19B
Supplemental Items
Cash Interest Paid	22.24B	21.6B	20.65B	23.8B	34.77B
Cash Income Tax Paid (Refund)	45.64B	57.4B	52.21B	64.3B	65.63B
Levered Free Cash Flow	-125B	-203B	-202B	-144B	-439B
Unlevered Free Cash Flow	-111B	-189B	-189B	-128B	-417B
Change In Net Working Capital	17.15B	102B	129B	124B	236B
Net Debt Issued / Repaid	116B	99.11B	183B	151B	219B

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.59	2.35	2.78	2.77	2.41
Return on Total Capital	3.48	3.13	3.65	3.63	3.16
Return On Equity %	8.49	7.35	8.51	7.9	7.05
Return on Common Equity	8.47	7.56	8.05	7.95	7.39
Margin Analysis
Gross Profit Margin %	25.74	26.31	27.77	28.82	26.07
SG&A Margin	7.23	7.72	7.09	7.26	7.55
EBITDA Margin %	25.22	26.21	27.65	28.55	24.97
EBITA Margin %	18.69	18.83	20.86	21.76	18.44
EBIT Margin %	18.49	18.58	20.67	21.53	18.52
Income From Continuing Operations Margin %	12.7	12.18	13.55	13.23	11.72
Net Income Margin %	11.4	11.23	11.5	12	11.19
Net Avail. For Common Margin %	11.4	11.23	11.5	12	11.19
Normalized Net Income Margin	9.6	10.31	10.27	11.36	9.73
Levered Free Cash Flow Margin	-9.58	-16.78	-14.97	-10.44	-29.18
Unlevered Free Cash Flow Margin	-8.52	-15.66	-14.01	-9.3	-27.68
Asset Turnover
Asset Turnover	0.22	0.2	0.21	0.21	0.21
Fixed Assets Turnover	0.32	0.29	0.32	0.31	0.33
Receivables Turnover (Average Receivables)	2.74	2.3	2.19	1.87	1.64
Inventory Turnover (Average Inventory)	2.8	2.56	2.74	2.33	2.21
Short Term Liquidity
Current Ratio	1.68	1.76	2.15	1.89	2.23
Quick Ratio	1.08	1.09	1.46	1.19	1.53
Operating Cash Flow to Current Liabilities	0.51	0.31	0.44	0.32	0.35
Days Sales Outstanding (Average Receivables)	133.55	158.42	166.67	194.77	223.33
Days Outstanding Inventory (Average Inventory)	130.72	142.36	133.35	156.47	165.72
Average Days Payable Outstanding	24.34	25.02	23.07	20.55	24.8
Cash Conversion Cycle (Average Days)	239.93	275.76	276.94	330.69	364.25
Long Term Solvency
Total Debt/Equity	125.07	122.44	122.38	120.6	119.51
Total Debt / Total Capital	55.57	55.04	55.03	54.67	54.44
LT Debt/Equity	105.82	103.79	106.64	102.46	104.05
Long-Term Debt / Total Capital	47.02	46.66	47.95	46.45	47.4
Total Liabilities / Total Assets	66.86	66.05	65.56	65.37	65.39
EBIT / Interest Expense	10.89	10.38	13.45	11.87	7.74
EBITDA / Interest Expense	14.86	14.64	17.99	15.73	10.44
(EBITDA - Capex) / Interest Expense	-0.15	0.03	2.15	4.28	-2.1
Total Debt / EBITDA	7.39	7.97	7.34	7.3	8.35
Net Debt / EBITDA	6.74	7.42	6.7	6.72	7.61
Total Debt / (EBITDA - Capex)	-725.61	3.42K	61.49	26.82	-41.48
Net Debt / (EBITDA - Capex)	-661.19	3.18K	56.15	24.68	-37.8
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.08	-7.26	11.75	2.1	9.21
Gross Profit, 1 Yr. Growth %	3.99	-5.19	17.94	5.94	-1.2
EBITDA, 1 Yr. Growth %	4.98	-3.61	17.88	5.42	-4.46
EBITA, 1 Yr. Growth %	4.72	-6.58	23.79	6.52	-7.46
EBIT, 1 Yr. Growth %	5.06	-6.8	24.32	6.35	-6.09
Earnings From Cont. Operations, 1 Yr. Growth %	8.84	-11.09	24.36	-0.34	-3.22
Net Income, 1 Yr. Growth %	10.28	-8.62	14.39	6.56	1.87
Normalized Net Income, 1 Yr. Growth %	8.43	-0.48	11.36	12.95	-6.49
Diluted EPS Before Extra, 1 Yr. Growth %	12.04	-6.72	14.91	7.81	5.12
Accounts Receivable, 1 Yr. Growth %	11.29	9.41	25.03	14.75	33.7
Inventory, 1 Yr. Growth %	-8.89	10.79	-4.78	42.07	4.11
Net Property, Plant and Equip., 1 Yr. Growth %	0.47	1.77	3.97	1.62	4.1
Total Assets, 1 Yr. Growth %	1.46	3.66	6.94	5.82	10.36
Tangible Book Value, 1 Yr. Growth %	-2.26	6.9	8.24	7.98	12.21
Common Equity, 1 Yr. Growth %	-2.04	6.77	8.17	7.7	11.28
Cash From Operations, 1 Yr. Growth %	-1.21	-39.31	35.04	-3.63	13.83
Capital Expenditures, 1 Yr. Growth %	17.09	-4.8	4.06	-12.87	57.67
Levered Free Cash Flow, 1 Yr. Growth %	413	62.45	-0.29