Cash flow Sato Corporation

Equities

6287

JP3321400008

Office Equipment

Market Closed - Japan Exchange Other stock markets 02:30:00 2026-05-11 am EDT			5-day change	1st Jan Change
2,151.00 ^JPY	+0.05%		+1.08%	-10.41%

Feb. 12	Sato Corporation Reports Earnings Results for the Nine Months Ended December 31, 2025	CI
Jan. 13	Sato Corporation Announces Resignation of Hiroshi Nagumo as External Director, Effective March 31, 2026	CI

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Published financial data: SATO CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	109B	125B	143B	143B	155B
Total Revenues	109B	125B	143B	143B	155B
Cost of Goods Sold, Total	63.32B	74.38B	86.14B	84.33B	91.34B
Gross Profit	45.74B	50.4B	56.68B	59.12B	63.47B
Selling General & Admin Expenses, Total	39.83B	43.95B	47.79B	48.54B	51.19B
Provision for Bad Debts	-28M	42M	56M	197M	-58M
Other Operating Expenses, Total	39.8B	43.99B	47.84B	48.73B	51.13B
Operating Income	5.94B	6.4B	8.84B	10.38B	12.34B
Interest Expense, Total	-220M	-217M	-252M	-357M	-699M
Interest And Investment Income	92M	139M	300M	621M	567M
Net Interest Expenses	-128M	-78M	48M	264M	-132M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-227M	-341M	31M	-730M	-369M
Other Non Operating Income (Expenses)	-62M	71M	146M	-923M	-694M
EBT, Excl. Unusual Items	5.52B	6.06B	9.07B	9B	11.15B
Gain (Loss) On Sale Of Investments	-	-	20M	-985M	1.19B
Gain (Loss) On Sale Of Assets	10.41B	31M	5M	33M	30M
Asset Writedown	-472M	-24M	-44M	-2.21B	-651M
Other Unusual Items	-1.01B	-101M	-1.9B	-171M	-50M
EBT, Incl. Unusual Items	14.46B	5.96B	7.15B	5.66B	11.66B
Income Tax Expense	1.39B	2.01B	2.19B	1.46B	3.83B
Earnings From Continuing Operations	13.06B	3.96B	4.96B	4.2B	7.83B
Net Income to Company	13.06B	3.96B	4.96B	4.2B	7.83B
Minority Interest	-104M	-162M	-773M	-635M	-680M
Net Income - (IS)	12.96B	3.79B	4.18B	3.56B	7.15B
Net Income to Common Incl Extra Items	12.96B	3.79B	4.18B	3.56B	7.15B
Net Income to Common Excl. Extra Items	12.96B	3.79B	4.18B	3.56B	7.15B
Per Share Items
Net EPS - Basic	385.85	112.74	126.66	110.02	220.38
Basic EPS - Continuing Operations	385.85	112.74	126.66	110.02	220.38
Basic Weighted Average Shares Outstanding	33.59M	33.65M	33.03M	32.4M	32.45M
Net EPS - Diluted	0.39	112.7	126.61	110	220.36
Diluted EPS - Continuing Operations	0.39	112.7	126.61	110	220.36
Diluted Weighted Average Shares Outstanding	33.59M	33.67M	33.05M	32.41M	32.45M
Normalized Basic EPS	99.62	107.65	148.15	153.93	193.75
Normalized Diluted EPS	99.62	107.62	148.09	153.89	193.72
Dividend Per Share	70	70	72	73	75
Payout Ratio	17.97	62.26	56.79	65.55	33.62
Supplemental Items
EBITDA	10.25B	10.86B	13.96B	15.46B	17.88B
EBITA	6.16B	6.64B	9.11B	10.53B	12.47B
EBIT	5.94B	6.4B	8.84B	10.38B	12.34B
Effective Tax Rate - (Ratio)	9.63	33.65	30.63	25.82	32.85
Normalized Net Income	3.35B	3.62B	4.89B	4.99B	6.29B
Non-Cash Pension Expense	65M	235M	1.85B	-279M	12M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	3.05B	3.94B	4.67B	4.43B	4.53B

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	33B	29.81B	21.88B	25.03B	27.43B
Short Term Investments	39M	41M	44M	49M	49M
Total Cash And Short Term Investments	33.04B	29.85B	21.92B	25.08B	27.48B
Accounts Receivable, Total	24.64B	26.45B	26.88B	28.17B	29.42B
Other Receivables	1.78B	2.18B	1.76B	1.99B	2.12B
Total Receivables	26.43B	28.63B	28.65B	30.16B	31.54B
Inventory	13.07B	20.42B	26.85B	27.14B	28.96B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	2.11B	3.05B	3.71B	3.9B	3.58B
Total Current Assets	74.64B	81.95B	81.14B	86.27B	91.56B
Net Property Plant And Equipment	27.31B	30.39B	32.33B	36.41B	38.72B
Long-term Investments	3B	3.32B	2.88B	3.02B	2.21B
Goodwill	600M	416M	222M	380M	28M
Other Intangibles, Total	2.76B	2.84B	4.15B	3.46B	5.33B
Loans Receivable Long-Term	1M	-	-	-	-
Deferred Tax Assets Long-Term	1.01B	1.09B	2.13B	2.92B	1.9B
Other Long-Term Assets, Total	2M	2M	1M	1M	2M
Total Assets	109B	120B	123B	132B	140B
Liabilities
Accounts Payable, Total	17.74B	20.64B	19.36B	19.4B	16.7B
Accrued Expenses, Total	340M	536M	598M	1.04B	1.13B
Short-term Borrowings	3.59B	3.57B	6.36B	3.73B	3.14B
Current Portion of Leases	1.2B	1.15B	1.36B	1.35B	1.42B
Current Income Taxes Payable	4.18B	5.58B	5.29B	4.96B	5.73B
Unearned Revenue Current, Total	5.54B	-	-	-	-
Other Current Liabilities	4.4B	10.59B	11.99B	12.58B	13.55B
Total Current Liabilities	36.99B	42.07B	44.96B	43.06B	41.68B
Long-Term Debt	6.52B	6.45B	3.61B	8.37B	11.06B
Long-Term Leases	4.04B	4.56B	4.18B	4.2B	3.88B
Pension & Other Post Retirement Benefits	1.19B	1.23B	1B	1.06B	975M
Deferred Tax Liability Non Current	-	-	-	-	1.5B
Other Non Current Liabilities	1.12B	1.19B	1.4B	1.68B	436M
Total Liabilities	49.85B	55.5B	55.16B	58.37B	59.52B
Common Stock, Total	8.47B	8.47B	8.47B	8.47B	8.47B
Additional Paid In Capital	7.74B	7.76B	7.76B	7.76B	5.35B
Retained Earnings	48.97B	50.26B	52.06B	51.72B	56.46B
Treasury Stock	-2.54B	-2.34B	-4.84B	-4.8B	-2.26B
Comprehensive Income and Other	-4.34B	-980M	2.03B	8.15B	8.54B
Total Common Equity	58.3B	63.16B	65.48B	71.3B	76.55B
Minority Interest	1.16B	1.34B	2.21B	2.79B	3.68B
Total Equity	59.46B	64.51B	67.69B	74.08B	80.24B
Total Liabilities And Equity	109B	120B	123B	132B	140B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	33.59M	33.49M	32.39M	32.41M	32.46M
ECS Total Common Shares Outstanding	33.59M	33.67M	32.39M	32.41M	32.46M
Book Value / Share	1.74K	1.88K	2.02K	2.2K	2.36K
Tangible Book Value	54.95B	59.91B	61.11B	67.45B	71.19B
Tangible Book Value Per Share	1.64K	1.78K	1.89K	2.08K	2.19K
Total Debt	15.35B	15.73B	15.52B	17.65B	19.49B
Net Debt	-17.69B	-14.12B	-6.41B	-7.43B	-7.99B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.19B	1.23B	1B	1.04B	940M
Minority Interest, Total (Incl. Fin. Div)	1.16B	1.34B	2.21B	2.79B	3.68B
Inventories - Raw Materials, Total	3.96B	8.41B	12.58B	12.63B	13.08B
Inventories - Work In Process, Total	394M	564M	590M	818M	953M
Inventories - Finished Goods, Total	8.72B	11.44B	13.68B	13.69B	14.92B
Full Time Employees	5.45K	5.66K	5.64K	5.74K	5.99K
Accumulated Allowance for Doubtful Accounts (Supple)	236M	234M	230M	451M	275M
Order Backlog	-	-	-	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	14.46B	5.96B	7.15B	5.66B	11.66B
Depreciation & Amortization - CF	4.09B	4.22B	4.86B	4.93B	5.41B
Amortization of Goodwill and Intangible Assets - (CF)	223M	236M	264M	146M	127M
Depreciation & Amortization, Total	4.32B	4.46B	5.12B	5.07B	5.54B
(Gain) Loss From Sale Of Asset	-9.94B	-6M	40M	2.18B	622M
(Gain) Loss on Sale of Investments - (CF)	-	-	-20M	950M	-1.19B
Other Operating Activities, Total	-1.56B	-1.82B	-2.23B	-2.76B	-2.33B
Change In Accounts Receivable	-598M	-1.63B	35M	-953M	-1.2B
Change In Inventories	183M	-6.29B	-5.91B	1.3B	-1.65B
Change In Accounts Payable	-646M	2.32B	-1.07B	-577M	-1.2B
Change in Other Net Operating Assets	-406M	302M	2.08B	1.7B	2.22B
Cash from Operations	5.81B	3.3B	5.19B	12.56B	12.47B
Capital Expenditure	-3.52B	-2.55B	-5.25B	-5.66B	-5.74B
Sale of Property, Plant, and Equipment	14.37B	150M	106M	47M	35M
Cash Acquisitions	-	-	-	-617M	-
Divestitures	-169M	-	32M	-	-
Sale (Purchase) of Intangible assets	-805M	-1.2B	-2.01B	-2.06B	-3.29B
Investment in Marketable and Equity Securities, Total	-10B	-201M	9.56B	282M	774M
Other Investing Activities, Total	19M	66M	-154M	76M	5M
Cash from Investing	-102M	-3.74B	2.29B	-7.93B	-8.21B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	7.94B	3.02B
Total Debt Issued	-	-	-	7.94B	3.02B
Short Term Debt Repaid, Total	-3.52B	-262M	-295M	-3.15B	-333M
Long-Term Debt Repaid, Total	-27M	-15M	-21M	-3.01B	-621M
Total Debt Repaid	-3.55B	-277M	-316M	-6.17B	-954M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-2.5B	-	-1M
Common Dividends Paid	-2.33B	-2.36B	-2.38B	-2.34B	-2.4B
Common & Preferred Stock Dividends Paid	-2.33B	-2.36B	-2.38B	-2.34B	-2.4B
Other Financing Activities, Total	-1.25B	-1.35B	-1.12B	-1.18B	-1.74B
Cash from Financing	-7.13B	-3.99B	-6.31B	-1.75B	-2.08B
Foreign Exchange Rate Adjustments	629M	983M	438M	473M	-403M
Miscellaneous Cash Flow Adjustments	-	1M	1M	-1M	-2M
Net Change in Cash	-798M	-3.44B	1.61B	3.35B	1.78B
Supplemental Items
Cash Interest Paid	220M	217M	252M	340M	679M
Cash Income Tax Paid (Refund)	1.51B	1.5B	2.23B	2.77B	2.33B
Levered Free Cash Flow	3.62B	-767M	-4B	2.38B	50.88M
Unlevered Free Cash Flow	3.75B	-632M	-3.84B	2.6B	488M
Change In Net Working Capital	-49M	5.34B	7.23B	1.24B	3.74B
Net Debt Issued / Repaid	-3.55B	-277M	-316M	1.77B	2.06B

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.49	3.49	4.55	5.08	5.67
Return on Total Capital	5.23	5.16	6.76	7.42	8.06
Return On Equity %	24.13	6.38	7.5	5.92	10.15
Return on Common Equity	24.42	6.25	6.5	5.21	9.67
Margin Analysis
Gross Profit Margin %	41.94	40.39	39.69	41.21	41
SG&A Margin	36.52	35.22	33.46	33.84	33.06
EBITDA Margin %	9.4	8.7	9.77	10.78	11.55
EBITA Margin %	5.65	5.32	6.38	7.34	8.05
EBIT Margin %	5.44	5.13	6.19	7.24	7.97
Income From Continuing Operations Margin %	11.98	3.17	3.47	2.93	5.06
Net Income Margin %	11.88	3.04	2.93	2.49	4.62
Net Avail. For Common Margin %	11.88	3.04	2.93	2.49	4.62
Normalized Net Income Margin	3.07	2.9	3.43	3.48	4.06
Levered Free Cash Flow Margin	3.32	-0.61	-2.8	1.66	0.03
Unlevered Free Cash Flow Margin	3.44	-0.51	-2.69	1.81	0.32
Asset Turnover
Asset Turnover	1.03	1.09	1.18	1.12	1.14
Fixed Assets Turnover	3.88	4.33	4.55	4.17	4.12
Receivables Turnover (Average Receivables)	4.52	4.88	5.36	5.21	5.38
Inventory Turnover (Average Inventory)	4.85	4.44	3.64	3.12	3.26
Short Term Liquidity
Current Ratio	2.02	1.95	1.8	2	2.2
Quick Ratio	1.61	1.39	1.12	1.28	1.42
Operating Cash Flow to Current Liabilities	0.16	0.08	0.12	0.29	0.3
Days Sales Outstanding (Average Receivables)	80.7	74.73	68.15	70.23	67.89
Days Outstanding Inventory (Average Inventory)	75.3	82.17	100.15	117.16	112.07
Average Days Payable Outstanding	103.26	85.71	78.86	83.84	70.74
Cash Conversion Cycle (Average Days)	52.74	71.19	89.44	103.55	109.23
Long Term Solvency
Total Debt/Equity	25.81	24.39	22.92	23.82	24.29
Total Debt / Total Capital	20.52	19.61	18.65	19.24	19.54
LT Debt/Equity	17.75	17.07	11.52	16.96	18.61
Long-Term Debt / Total Capital	14.11	13.72	9.37	13.69	14.97
Total Liabilities / Total Assets	45.6	46.25	44.9	44.07	42.59
EBIT / Interest Expense	26.99	29.51	35.09	29.09	17.66
EBITDA / Interest Expense	46.6	50.05	55.4	43.3	25.58
(EBITDA - Capex) / Interest Expense	30.62	38.29	34.58	27.45	17.38
Total Debt / EBITDA	1.5	1.45	1.11	1.14	1.09
Net Debt / EBITDA	-1.73	-1.3	-0.46	-0.48	-0.45
Total Debt / (EBITDA - Capex)	2.28	1.89	1.78	1.8	1.6
Net Debt / (EBITDA - Capex)	-2.63	-1.7	-0.74	-0.76	-0.66
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-6.29	14.43	14.46	0.44	7.92
Gross Profit, 1 Yr. Growth %	-8.85	10.19	12.47	4.29	7.36
EBITDA, 1 Yr. Growth %	-23.37	5.93	28.55	10.72	15.7
EBITA, 1 Yr. Growth %	-26.09	7.79	37.14	15.65	18.4
EBIT, 1 Yr. Growth %	-20.46	7.87	38.07	17.45	18.84
Earnings From Cont. Operations, 1 Yr. Growth %	-761.08	-69.72	25.3	-15.27	86.45
Net Income, 1 Yr. Growth %	-788.58	-70.72	10.28	-14.79	100.59
Normalized Net Income, 1 Yr. Growth %	-20.36	8.28	35.08	1.91	26.05
Diluted EPS Before Extra, 1 Yr. Growth %	-100.69	29.14K	12.34	-13.12	100.33
Accounts Receivable, 1 Yr. Growth %	4.5	7.35	1.62	4.77	4.46
Inventory, 1 Yr. Growth %	0.15	56.2	31.52	1.05	6.71
Net Property, Plant and Equip., 1 Yr. Growth %	-5.63	11.29	6.39	12.6	6.37
Total Assets, 1 Yr. Growth %	5.98	9.78	2.38	7.81	5.51
Tangible Book Value, 1 Yr. Growth %	24.47	9.03	2	10.38	5.54
Common Equity, 1 Yr. Growth %	21.89	8.34	3.67	8.88	7.37
Cash From Operations, 1 Yr. Growth %	-48.43	-43.13	57.18	142.06	-0.73
Capital Expenditures, 1 Yr. Growth %	23.02	-27.47	105.76	7.81	1.4
Levered Free Cash Flow, 1 Yr. Growth %	-53.01	-121.21	420.94	-159.54	-97.86
Unlevered Free Cash Flow, 1 Yr. Growth %	-51.95	-116.82	507.88	-167.8	-81.26
Dividend Per Share, 1 Yr. Growth %	0	0	2.86	1.39	2.74
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-3.12	3.55	14.44	7.22	4.11
Gross Profit, 2 Yr. CAGR %	-5	0.22	11.33	8.31	5.82
EBITDA, 2 Yr. CAGR %	-12.23	-9.9	16.7	19.3	13.18
EBITA, 2 Yr. CAGR %	-16.42	-10.75	21.58	25.94	17.02
EBIT, 2 Yr. CAGR %	-12.4	-7.37	22.04	27.34	18.15
Earnings From Cont. Operations, 2 Yr. CAGR %	85.82	41.49	-38.4	3.04	25.69
Net Income, 2 Yr. CAGR %	85.33	41.98	-43.18	-3.06	30.73
Normalized Net Income, 2 Yr. CAGR %	-15.67	-7.14	20.94	17.33	13.34
Diluted EPS Before Extra, 2 Yr. CAGR %	-94.14	41.79	1.71K	-1.21	31.93
Accounts Receivable, 2 Yr. CAGR %	-1.44	5.92	4.45	3.19	4.62
Inventory, 2 Yr. CAGR %	-1.43	25.07	43.33	15.28	3.84
Net Property, Plant and Equip., 2 Yr. CAGR %	-5.72	2.48	8.81	9.45	9.44
Total Assets, 2 Yr. CAGR %	0.8	7.86	6.02	5.06	6.66
Tangible Book Value, 2 Yr. CAGR %	12.39	16.49	5.46	6.11	7.93
Common Equity, 2 Yr. CAGR %	2.56	14.91	5.98	6.24	8.12
Cash From Operations, 2 Yr. CAGR %	-21.26	-45.84	-5.45	95.06	55.01
Capital Expenditures, 2 Yr. CAGR %	-2.15	-5.54	22.16	48.94	4.56
Levered Free Cash Flow, 2 Yr. CAGR %	-23.15	-68.43	5.12	76.12	-88.72
Unlevered Free Cash Flow, 2 Yr. CAGR %	-22.25	-71.57	1.13	103.01	-64.35
Dividend Per Share, 2 Yr. CAGR %	0	0	1.42	2.12	2.06
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.29	2.41	7.07	9.57	7.45
Gross Profit, 3 Yr. CAGR %	-2.04	-0.18	4.15	8.93	7.99
EBITDA, 3 Yr. CAGR %	-4.4	-6.55	1.43	14.67	18.09
EBITA, 3 Yr. CAGR %	-6.04	-9.02	2.99	19.57	23.37
EBIT, 3 Yr. CAGR %	-1.26	-6.11	5.81	20.49	24.45
Earnings From Cont. Operations, 3 Yr. CAGR %	49.23	1.5	35.88	-31.49	25.56
Net Income, 3 Yr. CAGR %	47.07	0.19	30.51	-34.96	23.53
Normalized Net Income, 3 Yr. CAGR %	-4.35	-8.34	5.22	14.23	20.17
Diluted EPS Before Extra, 3 Yr. CAGR %	-85.3	0.1	31.2	558.36	25.05
Accounts Receivable, 3 Yr. CAGR %	0.15	1.41	4.47	4.56	3.61
Inventory, 3 Yr. CAGR %	4.77	14.92	27.18	27.56	12.35
Net Property, Plant and Equip., 3 Yr. CAGR %	-4.55	-0.36	3.77	10.06	8.41
Total Assets, 3 Yr. CAGR %	0.89	3.71	6	6.61	5.21
Tangible Book Value, 3 Yr. CAGR %	10.73	11.26	11.45	7.08	5.92
Common Equity, 3 Yr. CAGR %	2.02	4.45	11.04	6.94	6.62
Cash From Operations, 3 Yr. CAGR %	-2.08	-29.35	-22.75	29.34	55.73
Capital Expenditures, 3 Yr. CAGR %	-16.61	-11.45	22.45	17.18	31.03
Levered Free Cash Flow, 3 Yr. CAGR %	243.78	-49.96	-19.62	-13.02	-59.52
Unlevered Free Cash Flow, 3 Yr. CAGR %	176.08	-53.32	-21.09	-11.49	-8.25
Dividend Per Share, 3 Yr. CAGR %	2.5	0	0.94	1.41	2.33
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.66	3.26	4.73	4.31	5.87
Gross Profit, 5 Yr. CAGR %	0.35	2.28	3.1	3.13	4.81
EBITDA, 5 Yr. CAGR %	-2.39	-0.24	3.54	3.04	5.98
EBITA, 5 Yr. CAGR %	-4.2	-1.04	4.17	3.61	8.39
EBIT, 5 Yr. CAGR %	-1.67	1.99	7.47	6.06	10.58
Earnings From Cont. Operations, 5 Yr. CAGR %	28.32	3.93	4.75	2.11	31.71
Net Income, 5 Yr. CAGR %	28.57	3.33	0.53	-1.13	30.6
Normalized Net Income, 5 Yr. CAGR %	-2.31	1.59	5.06	1.17	8.39
Diluted EPS Before Extra, 5 Yr. CAGR %	-67.72	3.27	0.85	-0.42	31.49
Accounts Receivable, 5 Yr. CAGR %	2	2.8	1.85	2.11	4.53
Inventory, 5 Yr. CAGR %	4.52	13.19	18.76	15.06	17.27
Net Property, Plant and Equip., 5 Yr. CAGR %	1.9	2.13	0.59	3.45	6
Total Assets, 5 Yr. CAGR %	2.47	2.85	2.91	4.25	6.26
Tangible Book Value, 5 Yr. CAGR %	6.32	10.45	8.59	9.17	10.03
Common Equity, 5 Yr. CAGR %	2.62	3.55	3.59	5.16	9.86
Cash From Operations, 5 Yr. CAGR %	-0.95	-21.06	-3.44	6.05	2.07
Capital Expenditures, 5 Yr. CAGR %	-1.79	-8.2	-2.85	9.03	14.95
Levered Free Cash Flow, 5 Yr. CAGR %	17.55	-33.89	114.02	-17.22	-63.35
Unlevered Free Cash Flow, 5 Yr. CAGR %	16.67	-36.58	84.74	-15.96	-42.58
Dividend Per Share, 5 Yr. CAGR %	4.94	3.13	2.07	0.84	1.39