Balance Sheet NEXTAGE Co., Ltd.

Equities

3186

JP3758210003

Auto Vehicles, Parts & Service Retailers

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-09-06 am EDT			5-day change	1st Jan Change
1,839.00 ^JPY	-0.86%		-11.16%	-28.94%

Jul. 01	Nextage's Attributable Profit Slips 5% in Fiscal H1	MT
Jul. 01	NEXTAGE Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending November 30, 2024	CI

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Published financial data: NEXTAGE CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: November	2019	2020	2021	2022	2023
Revenues	219B	241B	291B	418B	463B
Total Revenues	219B	241B	291B	418B	463B
Cost of Goods Sold, Total	181B	197B	235B	344B	377B
Gross Profit	37.85B	43.93B	56.73B	74.03B	86.83B
Selling General & Admin Expenses, Total	31.76B	37.1B	43.09B	54.58B	70.74B
Other Operating Expenses, Total	31.76B	37.1B	43.09B	54.58B	70.74B
Operating Income	6.09B	6.83B	13.64B	19.45B	16.08B
Interest Expense, Total	-187M	-251M	-246M	-245M	-273M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-187M	-251M	-246M	-245M	-273M
Income (Loss) On Equity Invest.	-	-	-	-	-
Other Non Operating Income (Expenses)	-23M	-63M	-19M	-147M	-75M
EBT, Excl. Unusual Items	5.88B	6.51B	13.37B	19.06B	15.74B
Gain (Loss) On Sale Of Assets	12M	14M	16M	22M	35M
Asset Writedown	-52M	-105M	-89M	-314M	-240M
Other Unusual Items	-64M	76M	1M	-	-
EBT, Incl. Unusual Items	5.77B	6.5B	13.3B	18.76B	15.53B
Income Tax Expense	1.51B	1.76B	3.64B	4.88B	3.98B
Earnings From Continuing Operations	4.26B	4.74B	9.66B	13.89B	11.56B
Net Income to Company	4.26B	4.74B	9.66B	13.89B	11.56B
Net Income - (IS)	4.26B	4.74B	9.66B	13.89B	11.56B
Net Income to Common Incl Extra Items	4.26B	4.74B	9.66B	13.89B	11.56B
Net Income to Common Excl. Extra Items	4.26B	4.74B	9.66B	13.89B	11.56B
Per Share Items
Net EPS - Basic	58.26	63.61	127.12	176.3	144.96
Basic EPS - Continuing Operations	58.26	63.61	127.12	176.3	144.96
Basic Weighted Average Shares Outstanding	73.09M	74.51M	76.01M	78.76M	79.72M
Net EPS - Diluted	55.4	60.94	124.95	175.74	144.96
Diluted EPS - Continuing Operations	55.4	60.94	124.95	175.74	144.96
Diluted Weighted Average Shares Outstanding	76.87M	77.79M	77.34M	79.02M	79.72M
Normalized Basic EPS	50.25	54.62	109.96	151.22	123.38
Normalized Diluted EPS	47.78	52.32	108.07	150.73	123.38
Dividend Per Share	6	7	15	24	32
Payout Ratio	6.53	9.54	5.45	8.43	16.73
Supplemental Items
EBITDA	8.83B	10.16B	17.57B	22.4B	20.35B
EBITA	6.09B	6.83B	13.64B	19.45B	16.08B
EBIT	6.09B	6.83B	13.64B	19.45B	16.08B
EBITDAR	11.71B	14.07B	21.72B	27.57B	27.27B
Effective Tax Rate - (Ratio)	26.23	27.04	27.35	26	25.6
Normalized Net Income	3.67B	4.07B	8.36B	11.91B	9.84B
Non-Cash Pension Expense	-13M	2M	2M	46M	67M
Supplemental Operating Expense Items
Advertising Expense	4.47B	4.57B	4.96B	6.67B	9.1B
Selling and Marketing Expenses	4.47B	4.57B	4.96B	6.67B	9.1B
Net Rental Expense, Total	2.89B	3.9B	4.15B	5.17B	6.92B
Imputed Operating Lease Interest Expense	108M	162M	157M	158M	196M
Imputed Operating Lease Depreciation	2.78B	3.74B	3.99B	5.01B	6.72B

Fiscal Period: November	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	11.06B	27.44B	22.75B	19.84B	29.63B
Total Cash And Short Term Investments	11.06B	27.44B	22.75B	19.84B	29.63B
Accounts Receivable, Total	5.23B	6.41B	7.28B	12.82B	11.47B
Total Receivables	5.23B	6.41B	7.28B	12.82B	11.47B
Inventory	39.3B	33.48B	42.05B	73.43B	59.59B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	5.92B	1.56B	2.79B	5.06B	7.9B
Total Current Assets	61.51B	68.89B	74.86B	111B	109B
Net Property Plant And Equipment	20.09B	25.23B	29.66B	40.83B	56.74B
Long-term Investments	2.95B	3.38B	4.11B	5.2B	7.35B
Other Intangibles, Total	853M	895M	722M	668M	646M
Loans Receivable Long-Term	283M	313M	520M	679M	695M
Deferred Tax Assets Long-Term	666M	923M	1.15B	2.73B	3.47B
Other Long-Term Assets, Total	1M	2M	2M	1M	2M
Total Assets	86.36B	99.63B	111B	161B	177B
Liabilities
Accounts Payable, Total	7.17B	6.4B	5.41B	7.3B	6.85B
Short-term Borrowings	11.94B	6.28B	6.46B	20.92B	22.13B
Current Portion of Long-Term Debt	3B	6.2B	5.25B	7.44B	8.01B
Current Portion of Leases	65M	73M	136M	33M	4M
Current Income Taxes Payable	1.3B	1.43B	3.15B	3.6B	2.49B
Other Current Liabilities	4.88B	7.63B	7.62B	13.43B	19.08B
Total Current Liabilities	28.35B	28.01B	28.01B	52.72B	58.56B
Long-Term Debt	28.97B	39.75B	39.07B	48.02B	47.27B
Long-Term Leases	289M	320M	579M	113M	11M
Deferred Tax Liability Non Current	15M	15M	17M	13M	13M
Other Non Current Liabilities	881M	1.52B	1.74B	4.09B	5.15B
Total Liabilities	58.5B	69.62B	69.41B	105B	111B
Common Stock, Total	6.1B	6.92B	7.96B	8.04B	8.08B
Additional Paid In Capital	8.5B	9.33B	10.37B	13.49B	13.54B
Retained Earnings	13.29B	17.58B	26.71B	36.54B	46.17B
Treasury Stock	-	-3.72B	-3.33B	-1.62B	-1.1B
Comprehensive Income and Other	-30M	-95M	-93M	-153M	-187M
Total Common Equity	27.86B	30.02B	41.62B	56.3B	66.5B
Total Equity	27.86B	30.02B	41.62B	56.3B	66.5B
Total Liabilities And Equity	86.36B	99.63B	111B	161B	177B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	75.49M	75.27M	76.95M	79.53M	79.91M
ECS Total Common Shares Outstanding	75.43M	73.75M	76.8M	79.53M	79.91M
Book Value / Share	369.32	406.99	541.92	707.91	832.24
Tangible Book Value	27B	29.12B	40.9B	55.63B	65.86B
Tangible Book Value Per Share	358.01	394.85	532.52	699.51	824.16
Total Debt	44.26B	52.62B	51.49B	76.52B	77.42B
Net Debt	33.2B	25.17B	28.74B	56.68B	47.79B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-283M	-268M	-344M	-377M	-488M
Debt Equivalent Oper. Leases	23.09B	31.24B	33.21B	41.37B	55.32B
Inventories - Raw Materials, Total	497M	429M	568M	709M	722M
Inventories - Work In Process, Total	126M	99M	128M	160M	281M
Inventories - Finished Goods, Total	38.68B	32.95B	41.35B	72.56B	58.59B
Inventories - Others	-	-	-	-	-
Full Time Employees	2.73K	3.01K	3.72K	5.35K	6.75K
Accumulated Allowance for Doubtful Accounts (Supple)	5M	7M	3M	8M	9M

Fiscal Period: November	2019	2020	2021	2022	2023
Net Income	5.77B	6.5B	13.3B	18.76B	15.53B
Depreciation & Amortization - CF	2.74B	3.34B	3.93B	2.95B	4.27B
Depreciation & Amortization, Total	2.74B	3.34B	3.93B	2.95B	4.27B
(Gain) Loss From Sale Of Asset	52M	105M	89M	314M	240M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Other Operating Activities, Total	-1.25B	-1.85B	-2.15B	-4.71B	-5.8B
Change In Accounts Receivable	-943M	-1.18B	-870M	-6.68B	1.35B
Change In Inventories	-15.57B	5.82B	-8.57B	-31.38B	13.84B
Change In Accounts Payable	2.57B	-765M	-996M	1.89B	-452M
Change in Other Net Operating Assets	-2.58B	7.31B	-1.52B	999M	4.71B
Cash from Operations	-9.21B	19.27B	3.21B	-17.85B	33.69B
Capital Expenditure	-10.12B	-8.04B	-7.35B	-12.56B	-20.4B
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-170M	-305M	-90M	-96M	-89M
Investment in Marketable and Equity Securities, Total	-	30M	-30M	30M	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	0	-58M	-125M	-	-
Other Investing Activities, Total	-533M	-157M	-662M	-1.21B	-3.19B
Cash from Investing	-10.82B	-8.53B	-8.26B	-13.83B	-23.68B
Short Term Debt Issued, Total	3.8B	-	179M	14.47B	1.21B
Long-Term Debt Issued, Total	8B	17.2B	5.5B	17.5B	9B
Total Debt Issued	11.8B	17.2B	5.68B	31.97B	10.21B
Short Term Debt Repaid, Total	-	-5.67B	-	-	-
Long-Term Debt Repaid, Total	-2.76B	-3.21B	-7.13B	-6.36B	-9.18B
Total Debt Repaid	-2.76B	-8.88B	-7.13B	-6.36B	-9.18B
Issuance of Common Stock	5.9B	1.66B	2.49B	4.69B	937M
Repurchase of Common Stock	-	-3.72B	-	-	-
Common & Preferred Stock Dividends Paid	-278M	-452M	-527M	-1.17B	-1.93B
Common & Preferred Stock Dividends Paid	-278M	-452M	-527M	-1.17B	-1.93B
Other Financing Activities, Total	-94M	-129M	-194M	-311M	-260M
Cash from Financing	14.57B	5.67B	317M	28.81B	-227M
Foreign Exchange Rate Adjustments	-	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	-	1M	-	-1M
Net Change in Cash	-5.46B	16.41B	-4.72B	-2.87B	9.78B
Supplemental Items
Cash Interest Paid	184M	248M	245M	247M	273M
Cash Income Tax Paid (Refund)	1.26B	1.85B	2.15B	4.71B	5.8B
Levered Free Cash Flow	-19.43B	10.23B	-5.1B	-28.74B	10.1B
Unlevered Free Cash Flow	-19.32B	10.38B	-4.94B	-28.58B	10.27B
Change In Net Working Capital	15.57B	-11.12B	9.96B	31.04B	-16.44B
Net Debt Issued / Repaid	9.04B	8.32B	-1.45B	25.61B	1.03B

Fiscal Period: November	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.07	4.59	8.09	8.93	5.94
Return on Total Capital	6.06	5.51	9.7	10.76	7.27
Return On Equity %	18.58	16.38	26.98	28.36	18.82
Return on Common Equity	18.58	16.38	26.98	28.36	18.82
Margin Analysis
Gross Profit Margin %	17.26	18.22	19.48	17.71	18.73
SG&A Margin	14.49	15.39	14.8	13.05	15.26
EBITDA Margin %	4.03	4.21	6.03	5.36	4.39
EBITA Margin %	2.78	2.83	4.68	4.65	3.47
EBIT Margin %	2.78	2.83	4.68	4.65	3.47
Income From Continuing Operations Margin %	1.94	1.97	3.32	3.32	2.49
Net Income Margin %	1.94	1.97	3.32	3.32	2.49
Net Avail. For Common Margin %	1.94	1.97	3.32	3.32	2.49
Normalized Net Income Margin	1.67	1.69	2.87	2.85	2.12
Levered Free Cash Flow Margin	-8.86	4.24	-1.75	-6.87	2.18
Unlevered Free Cash Flow Margin	-8.81	4.31	-1.7	-6.84	2.22
Asset Turnover
Asset Turnover	2.92	2.59	2.77	3.07	2.74
Fixed Assets Turnover	13.52	10.64	10.61	11.86	9.5
Receivables Turnover (Average Receivables)	46.09	41.44	42.54	41.6	38.17
Inventory Turnover (Average Inventory)	5.76	5.42	6.21	5.96	5.66
Short Term Liquidity
Current Ratio	2.17	2.46	2.67	2.11	1.85
Quick Ratio	0.57	1.21	1.07	0.62	0.7
Operating Cash Flow to Current Liabilities	-0.33	0.69	0.11	-0.34	0.58
Days Sales Outstanding (Average Receivables)	7.92	8.83	8.58	8.77	9.56
Days Outstanding Inventory (Average Inventory)	63.41	67.53	58.77	61.25	64.46
Average Days Payable Outstanding	10.91	12.98	8.87	6.18	7.12
Cash Conversion Cycle (Average Days)	60.42	63.38	58.48	63.85	66.9
Long Term Solvency
Total Debt/Equity	158.88	175.29	123.71	135.91	116.41
Total Debt / Total Capital	61.37	63.68	55.3	57.61	53.79
LT Debt/Equity	105.02	133.48	95.26	85.48	71.09
Long-Term Debt / Total Capital	40.57	48.49	42.58	36.23	32.85
Total Liabilities / Total Assets	67.74	69.87	62.52	65.09	62.53
EBIT / Interest Expense	32.55	27.2	55.44	79.38	58.92
EBITDA / Interest Expense	47.21	40.49	71.43	91.43	74.55
(EBITDA - Capex) / Interest Expense	-6.9	8.46	41.55	40.18	-0.18
Total Debt / EBITDA	5.01	5.18	2.93	3.42	3.8
Net Debt / EBITDA	3.76	2.48	1.64	2.53	2.35
Total Debt / (EBITDA - Capex)	-34.28	24.77	5.04	7.77	-1.58K
Net Debt / (EBITDA - Capex)	-25.71	11.85	2.81	5.76	-975.31
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	34.37	9.98	20.78	43.55	10.85
Gross Profit, 1 Yr. Growth %	39.48	16.06	29.14	30.49	17.29
EBITDA, 1 Yr. Growth %	47.4	15.12	72.89	27.48	-9.14
EBITA, 1 Yr. Growth %	38.79	12.16	99.79	42.61	-17.3
EBIT, 1 Yr. Growth %	38.79	12.16	99.79	42.61	-17.3
Earnings From Cont. Operations, 1 Yr. Growth %	46.32	11.32	103.86	43.7	-16.78
Net Income, 1 Yr. Growth %