Income Statement Nitto Boseki Co., Ltd.

Stocks

3110

JP3684400009

Construction Supplies & Fixtures

Market Closed - Japan Exchange Other stock markets 02:30:00 2026-06-11 am EDT			5-day change	1st Jan Change
17,330.00 ^JPY	-2.86%		-20.40%	+69.90%

May. 25	Nitto Boseki Co Ltd - To conduct 5-for-1 share split for shareholders as of June 30	RE
May. 12	Nitto Boseki Co., Ltd. Proposes Dividend for the Fiscal Year Ended March 31, 2026, Payable on June 22, 2026	CI

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Published financial data: NITTO BOSEKI CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	78.73B	84.05B	87.53B	93.25B	109B
Total Revenues	78.73B	84.05B	87.53B	93.25B	109B
Cost of Goods Sold, Total	53.06B	55.82B	60.32B	62.64B	68.66B
Gross Profit	25.66B	28.23B	27.21B	30.62B	40.38B
Selling General & Admin Expenses, Total	17.6B	18.38B	19.38B	19.4B	20.95B
R&D Expenses	2.1B	2.58B	2.95B	2.82B	2.98B
Other Operating Expenses, Total	19.7B	20.96B	22.33B	22.23B	23.93B
Operating Income	5.96B	7.27B	4.88B	8.39B	16.44B
Interest Expense, Total	-250M	-219M	-248M	-412M	-559M
Interest And Investment Income	461M	461M	494M	526M	670M
Net Interest Expenses	211M	242M	246M	114M	111M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	278M	714M	797M	932M	231M
Other Non Operating Income (Expenses)	-180M	-161M	142M	317M	780M
EBT, Excl. Unusual Items	6.27B	8.06B	6.06B	9.75B	17.57B
Gain (Loss) On Sale Of Investments	6.59B	37M	813M	40M	1.58B
Gain (Loss) On Sale Of Assets	2.93B	-276M	5.17B	-268M	-614M
Asset Writedown	-2.66B	-588M	-6.59B	-585M	-1.07B
Other Unusual Items	-1.91B	1.44B	-793M	144M	63M
EBT, Incl. Unusual Items	11.21B	8.68B	4.66B	9.08B	17.52B
Income Tax Expense	2.94B	2B	1.74B	1.78B	4.36B
Earnings From Continuing Operations	8.28B	6.68B	2.92B	7.31B	13.16B
Net Income to Company	8.28B	6.68B	2.92B	7.31B	13.16B
Minority Interest	-178M	-161M	-150M	-12M	-328M
Net Income - (IS)	8.1B	6.52B	2.77B	7.3B	12.84B
Net Income to Common Incl Extra Items	8.1B	6.52B	2.77B	7.3B	12.84B
Net Income to Common Excl. Extra Items	8.1B	6.52B	2.77B	7.3B	12.84B
Per Share Items
Net EPS - Basic	208.77	168.03	73.92	200.39	352.6
Basic EPS - Continuing Operations	208.77	168.03	73.92	200.39	352.6
Basic Weighted Average Shares Outstanding	38.8M	38.8M	37.5M	36.41M	36.41M
Net EPS - Diluted	208.77	168.03	73.92	200.39	352.6
Diluted EPS - Continuing Operations	208.77	168.03	73.92	200.39	352.6
Diluted Weighted Average Shares Outstanding	38.8M	38.8M	37.5M	36.41M	36.41M
Normalized Basic EPS	96.48	125.76	97.08	167.07	292.56
Normalized Diluted EPS	96.48	125.76	97.08	167.07	292.56
Dividend Per Share	45	45	45	55	106
Payout Ratio	22.74	26.77	62.12	27.58	17.09
Supplemental Items
EBITDA	12.3B	14.35B	13.09B	15.56B	24.39B
EBITA	5.96B	7.27B	4.88B	8.39B	16.44B
EBIT	5.96B	7.27B	4.88B	8.39B	16.44B
Effective Tax Rate - (Ratio)	26.17	23.02	37.28	19.54	24.86
Normalized Net Income	3.74B	4.88B	3.64B	6.08B	10.65B
Non-Cash Pension Expense	313M	122M	100M	34M	-17M
Supplemental Operating Expense Items
Selling and Marketing Expenses	3.82B	4.42B	4.93B	3.98B	4.41B
Research And Development Expense From Footnotes	2.1B	2.58B	2.95B	2.82B	2.98B

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	30.32B	18.54B	21.59B	23.66B	28.55B
Total Cash And Short Term Investments	30.32B	18.54B	21.59B	23.66B	28.55B
Accounts Receivable, Total	23.98B	25.96B	21.95B	32.52B	32.73B
Total Receivables	23.98B	25.96B	21.95B	32.52B	32.73B
Inventory	34.34B	37.74B	46.43B	48.75B	51.01B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	5.24B	3.61B	4.24B	4.02B	2.97B
Total Current Assets	93.89B	85.84B	94.22B	109B	115B
Net Property Plant And Equipment	65.51B	77.27B	68.61B	70.84B	77.4B
Long-term Investments	19.3B	18.05B	16.72B	28.18B	26.26B
Other Intangibles, Total	2.6B	3.08B	3.13B	3.07B	3.07B
Deferred Tax Assets Long-Term	3.36B	3.05B	2.9B	1.07B	1.12B
Other Long-Term Assets, Total	3M	2M	1M	3M	1M
Total Assets	185B	187B	186B	212B	223B
Liabilities
Accounts Payable, Total	6.57B	6.52B	7.49B	8.6B	7.24B
Accrued Expenses, Total	1.08B	1.06B	995M	1.08B	2.33B
Short-term Borrowings	7.25B	14.35B	12.77B	12.63B	9.92B
Current Portion of Long-Term Debt	5.52B	5.1B	5.75B	17.58B	7.9B
Current Portion of Leases	378M	337M	317M	262M	295M
Current Income Taxes Payable	2.53B	555M	622M	1.8B	3.26B
Other Current Liabilities	10.55B	8.94B	8.09B	9.73B	9.19B
Total Current Liabilities	33.88B	36.86B	36.04B	51.68B	40.14B
Long-Term Debt	29.32B	24.89B	26B	21.64B	33.74B
Long-Term Leases	1.69B	1.53B	1.23B	1.04B	882M
Pension & Other Post Retirement Benefits	7.98B	6.92B	5.72B	5.35B	4.98B
Other Non Current Liabilities	7.4B	6.45B	7.65B	8.7B	7.53B
Total Liabilities	80.26B	76.65B	76.64B	88.41B	87.28B
Common Stock, Total	19.7B	19.7B	19.7B	19.7B	19.7B
Additional Paid In Capital	19.04B	19.37B	19.37B	19.37B	19.37B
Retained Earnings	61.83B	66.62B	62.68B	67.92B	78.57B
Treasury Stock	-2.56B	-2.56B	-3.01B	-3.02B	-3.03B
Comprehensive Income and Other	1.12B	2.69B	5.06B	14.21B	15.12B
Total Common Equity	99.13B	106B	104B	118B	130B
Minority Interest	5.26B	4.82B	5.16B	5.52B	6.1B
Total Equity	104B	111B	109B	124B	136B
Total Liabilities And Equity	185B	187B	186B	212B	223B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	38.8M	38.47M	36.41M	36.41M	36.41M
ECS Total Common Shares Outstanding	38.8M	38.8M	36.41M	36.41M	36.41M
Book Value / Share	2.56K	2.73K	2.85K	3.25K	3.56K
Tangible Book Value	96.54B	103B	101B	115B	127B
Tangible Book Value Per Share	2.49K	2.65K	2.76K	3.16K	3.48K
Total Debt	44.16B	46.21B	46.06B	53.14B	52.75B
Net Debt	13.84B	27.67B	24.47B	29.47B	24.2B
Debt Equivalent of Unfunded Proj. Benefit Obligation	7.6B	6.33B	4.47B	1.56B	1B
Minority Interest, Total (Incl. Fin. Div)	5.26B	4.82B	5.16B	5.52B	6.1B
Inventories - Raw Materials, Total	21.45B	22.3B	24.19B	25.85B	30.05B
Inventories - Work In Process, Total	4.3B	4.62B	5.61B	7.48B	7.75B
Inventories - Finished Goods, Total	8.6B	10.82B	16.63B	15.42B	13.21B
Full Time Employees	2.77K	2.73K	2.63K	2.69K	2.74K
Accumulated Allowance for Doubtful Accounts (Supple)	1M	1M	2M	5M	11M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	11.21B	8.68B	4.66B	9.08B	17.52B
Depreciation & Amortization - CF	6.33B	7.08B	8.21B	7.17B	7.94B
Depreciation & Amortization, Total	6.33B	7.08B	8.21B	7.17B	7.94B
(Gain) Loss From Sale Of Asset	-1.08B	562M	1.43B	852M	1.69B
(Gain) Loss on Sale of Investments - (CF)	-6.53B	-37M	-746M	-	-1.58B
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Other Operating Activities, Total	2.62B	-2.43B	-1.13B	-913M	-2.86B
Change In Accounts Receivable	1.17B	-1.75B	3.41B	-10.42B	-42M
Change In Inventories	-5.26B	-2.94B	-8.66B	-1.91B	-1.65B
Change In Accounts Payable	294M	-175M	1.25B	1.04B	-1.46B
Change in Other Net Operating Assets	-941M	-2.02B	-775M	166M	-431M
Cash from Operations	7.82B	6.96B	7.64B	5.06B	19.12B
Capital Expenditure	-13.84B	-17.33B	-7.17B	-6.95B	-13.14B
Sale of Property, Plant, and Equipment	3.28B	10M	5.47B	15M	146M
Cash Acquisitions	-	-469M	-	-	-
Divestitures	-	-	1.41B	-	-
Investment in Marketable and Equity Securities, Total	8.8B	225M	2.52B	-	1.99B
Other Investing Activities, Total	-108M	255M	-238M	-962M	-415M
Cash from Investing	-1.87B	-17.3B	1.98B	-7.9B	-11.42B
Short Term Debt Issued, Total	-	6.22B	-	-	-
Long-Term Debt Issued, Total	11.27B	670M	7.26B	14B	20.35B
Total Debt Issued	11.27B	6.89B	7.26B	14B	20.35B
Short Term Debt Repaid, Total	-373M	-	-1.88B	-781M	-3.07B
Long-Term Debt Repaid, Total	-6.7B	-5.52B	-5.5B	-6.53B	-18.03B
Total Debt Repaid	-7.08B	-5.52B	-7.38B	-7.31B	-21.09B
Repurchase of Common Stock	-	-	-5B	-4M	-
Common Dividends Paid	-1.84B	-1.74B	-1.72B	-2.01B	-2.19B
Common & Preferred Stock Dividends Paid	-1.84B	-1.74B	-1.72B	-2.01B	-2.19B
Other Financing Activities, Total	-495M	-1.16B	-400M	-371M	-341M
Cash from Financing	1.86B	-1.53B	-7.25B	4.3B	-3.28B
Foreign Exchange Rate Adjustments	-342M	159M	634M	594M	445M
Miscellaneous Cash Flow Adjustments	-	1M	-1M	1M	-2M
Net Change in Cash	7.47B	-11.71B	3.01B	2.06B	4.87B
Supplemental Items
Cash Interest Paid	246M	226M	248M	407M	533M
Cash Income Tax Paid (Refund)	1.69B	3.93B	1.11B	1.09B	2.97B
Levered Free Cash Flow	-5.28B	-13.23B	-1.26B	-3.45B	4.12B
Unlevered Free Cash Flow	-5.12B	-13.09B	-1.11B	-3.2B	4.47B
Change In Net Working Capital	1.34B	7.39B	5.19B	8.66B	612M
Net Debt Issued / Repaid	4.2B	1.37B	-126M	6.69B	-742M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.09	2.44	1.64	2.64	4.72
Return on Total Capital	2.59	2.98	1.96	3.16	5.63
Return On Equity %	8.15	6.21	2.66	6.28	10.14
Return on Common Equity	8.4	6.36	2.64	6.57	10.36
Margin Analysis
Gross Profit Margin %	32.6	33.58	31.08	32.83	37.03
SG&A Margin	22.36	21.87	22.14	20.8	19.21
EBITDA Margin %	15.62	17.07	14.95	16.68	22.37
EBITA Margin %	7.58	8.65	5.58	9	15.08
EBIT Margin %	7.58	8.65	5.58	9	15.08
Income From Continuing Operations Margin %	10.51	7.95	3.34	7.84	12.07
Net Income Margin %	10.29	7.76	3.17	7.82	11.77
Net Avail. For Common Margin %	10.29	7.76	3.17	7.82	11.77
Normalized Net Income Margin	4.75	5.8	4.16	6.52	9.77
Levered Free Cash Flow Margin	-6.7	-15.74	-1.44	-3.7	3.78
Unlevered Free Cash Flow Margin	-6.51	-15.57	-1.26	-3.43	4.1
Asset Turnover
Asset Turnover	0.44	0.45	0.47	0.47	0.5
Fixed Assets Turnover	1.22	1.18	1.2	1.34	1.47
Receivables Turnover (Average Receivables)	3.2	3.37	3.65	3.42	3.34
Inventory Turnover (Average Inventory)	1.67	1.55	1.43	1.32	1.38
Short Term Liquidity
Current Ratio	2.77	2.33	2.61	2.11	2.87
Quick Ratio	1.6	1.21	1.21	1.09	1.53
Operating Cash Flow to Current Liabilities	0.23	0.19	0.21	0.1	0.48
Days Sales Outstanding (Average Receivables)	113.93	108.43	99.89	106.9	109.22
Days Outstanding Inventory (Average Inventory)	219.11	235.66	254.64	278.07	265.18
Average Days Payable Outstanding	40.43	40.35	37.06	45.35	40.78
Cash Conversion Cycle (Average Days)	292.6	303.74	317.46	339.62	333.63
Long Term Solvency
Total Debt/Equity	42.3	41.77	42.28	42.95	38.83
Total Debt / Total Capital	29.73	29.46	29.71	30.05	27.97
LT Debt/Equity	29.71	23.88	24.99	18.33	25.49
Long-Term Debt / Total Capital	20.88	16.84	17.56	12.82	18.36
Total Liabilities / Total Assets	43.47	40.93	41.29	41.68	39.12
EBIT / Interest Expense	23.86	33.19	19.68	20.36	29.42
EBITDA / Interest Expense	49.19	65.53	52.77	37.75	43.62
(EBITDA - Capex) / Interest Expense	-6.17	-13.58	23.85	20.89	20.12
Total Debt / EBITDA	3.59	3.22	3.52	3.42	2.16
Net Debt / EBITDA	1.13	1.93	1.87	1.89	0.99
Total Debt / (EBITDA - Capex)	-28.62	-15.53	7.79	6.17	4.69
Net Debt / (EBITDA - Capex)	-8.97	-9.3	4.14	3.42	2.15
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-8.16	6.76	4.14	6.54	16.92
Gross Profit, 1 Yr. Growth %	-8.66	10	-3.62	12.53	31.89
EBITDA, 1 Yr. Growth %	-9.24	16.7	-8.8	18.85	56.77
EBITA, 1 Yr. Growth %	-26.91	21.86	-32.87	71.91	96.03
EBIT, 1 Yr. Growth %	-26.91	21.86	-32.87	71.91	96.03
Earnings From Cont. Operations, 1 Yr. Growth %	39.34	-19.3	-56.26	150.1	80.14
Net Income, 1 Yr. Growth %	40.36	-19.52	-57.48	163.2	75.95
Normalized Net Income, 1 Yr. Growth %	-24.47	30.34	-25.38	67.09	75.1
Diluted EPS Before Extra, 1 Yr. Growth %	40.36	-19.52	-56.01	171.1	75.96
Accounts Receivable, 1 Yr. Growth %	-4.69	8.22	-15.43	48.16	0.64
Inventory, 1 Yr. Growth %	16.96	9.88	23.02	5	4.64
Net Property, Plant and Equip., 1 Yr. Growth %	3.5	17.96	-11.21	3.25	9.26
Total Assets, 1 Yr. Growth %	6.84	1.43	-0.91	14.29	5.18
Tangible Book Value, 1 Yr. Growth %	6.14	6.43	-2.02	14.37	10.02
Common Equity, 1 Yr. Growth %	5.85	6.75	-1.92	13.87	9.77
Cash From Operations, 1 Yr. Growth %	-26.37	-10.88	9.73	-33.83	278.11
Capital Expenditures, 1 Yr. Growth %	-19.42	25.19	-58.6	-3.12	89.06
Levered Free Cash Flow, 1 Yr. Growth %	-49.45	150.6	-90.47	173.94	-219.26
Unlevered Free Cash Flow, 1 Yr. Growth %	-50.15	155.57	-91.55	189.05	-239.8
Dividend Per Share, 1 Yr. Growth %	0	0	0	22.22	92.73
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-2.19	-0.98	5.44	5.33	11.61
Gross Profit, 2 Yr. CAGR %	-3.68	0.24	2.96	4.14	21.83
EBITDA, 2 Yr. CAGR %	0.07	2.92	3.17	4.11	36.5
EBITA, 2 Yr. CAGR %	-14.7	-5.62	-9.55	7.43	83.57
EBIT, 2 Yr. CAGR %	-14.7	-5.62	-9.55	7.43	83.57
Earnings From Cont. Operations, 2 Yr. CAGR %	1.61	6.04	-40.59	4.6	112.26
Net Income, 2 Yr. CAGR %	0.72	6.28	-41.5	5.79	115.2
Normalized Net Income, 2 Yr. CAGR %	-17.88	-0.78	-1.38	11.66	71.05
Diluted EPS Before Extra, 2 Yr. CAGR %	0.73	6.29	-40.5	9.21	118.41
Accounts Receivable, 2 Yr. CAGR %	-2.73	1.56	-4.33	11.94	22.11
Inventory, 2 Yr. CAGR %	9.61	13.37	16.27	13.66	4.82
Net Property, Plant and Equip., 2 Yr. CAGR %	17.41	10.49	2.34	-4.25	6.21
Total Assets, 2 Yr. CAGR %	10.58	4.1	0.25	6.42	9.64
Tangible Book Value, 2 Yr. CAGR %	4.72	6.28	2.11	5.86	12.18
Common Equity, 2 Yr. CAGR %	5.12	6.3	2.32	5.68	11.8
Cash From Operations, 2 Yr. CAGR %	21.24	-18.99	-1.11	-14.79	58.17
Capital Expenditures, 2 Yr. CAGR %	4.66	0.44	-28.01	-36.67	35.34
Levered Free Cash Flow, 2 Yr. CAGR %	-15.82	12.55	-51.12	-48.9	80.75
Unlevered Free Cash Flow, 2 Yr. CAGR %	-16.34	12.87	-53.53	-50.58	101.02
Dividend Per Share, 2 Yr. CAGR %	6.07	0	0	10.55	53.48
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.34	0.71	0.7	5.81	9.06
Gross Profit, 3 Yr. CAGR %	-5.3	0.68	-1.06	6.06	12.67
EBITDA, 3 Yr. CAGR %	-6.41	5.34	-1.15	8.15	19.33
EBITA, 3 Yr. CAGR %	-18.05	-3.93	-15.75	12.04	31.28
EBIT, 3 Yr. CAGR %	-18.05	-3.93	-15.75	12.04	31.28
Earnings From Cont. Operations, 3 Yr. CAGR %	-6.99	-5.9	-21.06	-4.07	25.38
Net Income, 3 Yr. CAGR %	-7.56	-6.53	-21.68	-3.42	25.34
Normalized Net Income, 3 Yr. CAGR %	-18.38	-4.2	-9.77	17.57	29.73
Diluted EPS Before Extra, 3 Yr. CAGR %	-7.52	-6.53	-20.79	-1.36	28.03
Accounts Receivable, 3 Yr. CAGR %	-2.51	0.79	-4.45	10.69	8.04
Inventory, 3 Yr. CAGR %	10.99	9.7	16.5	12.38	10.57
Net Property, Plant and Equip., 3 Yr. CAGR %	15.34	17.59	2.73	2.64	0.06
Total Assets, 3 Yr. CAGR %	7.82	7.44	2.4	4.73	6.01
Tangible Book Value, 3 Yr. CAGR %	4.29	5.28	3.44	6.05	7.23
Common Equity, 3 Yr. CAGR %	4.6	5.66	3.49	6.04	7.03
Cash From Operations, 3 Yr. CAGR %	0.1	9.42	-10.37	-13.51	40.02
Capital Expenditures, 3 Yr. CAGR %	45.64	11.1	-25.25	-20.52	-8.81
Levered Free Cash Flow, 3 Yr. CAGR %	2.23	21.1	-50.57	-13.18	-32.21
Unlevered Free Cash Flow, 3 Yr. CAGR %	0.22	21.39	-52.43	-14.54	-30.11
Dividend Per Share, 3 Yr. CAGR %	4	4	0	6.92	33.06
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.8	0.17	0.7	2.53	4.93
Gross Profit, 5 Yr. CAGR %	-2.52	-1.17	-2.08	2.05	7.52
EBITDA, 5 Yr. CAGR %	-4.52	-1.25	-2.69	4.84	12.47
EBITA, 5 Yr. CAGR %	-11.35	-8.2	-14.75	0.46	15.04
EBIT, 5 Yr. CAGR %	-11.35	-8.2	-14.75	0.46	15.04
Earnings From Cont. Operations, 5 Yr. CAGR %	8.03	-2.35	-22.26	-1.83	17.25
Net Income, 5 Yr. CAGR %	7.67	-2.71	-23.02	-1.79	17.34
Normalized Net Income, 5 Yr. CAGR %	-11.34	-7.17	-11.96	1.85	16.53
Diluted EPS Before Extra, 5 Yr. CAGR %	8.24	-2.28	-22.48	-0.53	18.84
Accounts Receivable, 5 Yr. CAGR %	0.09	1.52	-3.24	5.11	5.4
Inventory, 5 Yr. CAGR %	10.14	12.05	13.07	11.27	11.68
Net Property, Plant and Equip., 5 Yr. CAGR %	7.76	12.94	9.95	8.31	4.11
Total Assets, 5 Yr. CAGR %	5.28	5.97	4.73	7.03	5.24
Tangible Book Value, 5 Yr. CAGR %	5.83	6.3	3.41	5.51	6.85
Common Equity, 5 Yr. CAGR %	5.85	6.46	3.68	5.67	6.73
Cash From Operations, 5 Yr. CAGR %	-14.07	-8.79	-0.38	-1	12.49
Capital Expenditures, 5 Yr. CAGR %	20.46	63.79	9.87	-11.27	-5.22
Levered Free Cash Flow, 5 Yr. CAGR %	-7.74	6.5	-23.9	-14.24	-16.97
Unlevered Free Cash Flow, 5 Yr. CAGR %	-8.86	5.85	-26.31	-15.26	-15.34
Dividend Per Share, 5 Yr. CAGR %	8.45	5.15	2.38	6.58	18.69