Cash flow Seiko Group Corporation

Equities

8050

JP3414700009

Apparel & Accessories

Delayed Japan Exchange Other stock markets 01:30:00 2025-01-15 am EST			5-day change	1st Jan Change
4,600.00 ^JPY	-2.34%		-2.13%	-6.03%

Nov. 12	Seiko Group Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025	CI
Aug. 16	Seiko Group Logs 45% Jump in Fiscal Q1 Attributable Profit	MT

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Published financial data: SEIKO GROUP CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	239B	203B	237B	261B	277B
Total Revenues	239B	203B	237B	261B	277B
Cost of Goods Sold, Total	144B	123B	138B	149B	154B
Gross Profit	94.93B	79.87B	99.18B	112B	123B
Selling General & Admin Expenses, Total	88.58B	77.58B	90.36B	101B	108B
Provision for Bad Debts	210M	90M	50M	-3M	29M
Other Operating Expenses, Total	88.79B	77.67B	90.41B	101B	108B
Operating Income	6.14B	2.2B	8.77B	11.23B	14.74B
Interest Expense, Total	-982M	-899M	-896M	-1.14B	-1.35B
Interest And Investment Income	934M	826M	841M	970M	1.35B
Net Interest Expenses	-48M	-73M	-55M	-169M	3M
Income (Loss) On Equity Invest.	1.31B	-1.83B	898M	1.22B	1.39B
Currency Exchange Gains (Loss)	-291M	278M	699M	-	-
Other Non Operating Income (Expenses)	-108M	57M	-375M	-1.12B	-238M
EBT, Excl. Unusual Items	7B	631M	9.94B	11.17B	15.89B
Gain (Loss) On Sale Of Investments	-	7.74B	-	-548M	139M
Gain (Loss) On Sale Of Assets	346M	1.04B	-	228M	1.23B
Asset Writedown	-419M	-	-	-	-806M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-729M	-2.99B	-1.06B	-1.2B	-1.33B
EBT, Incl. Unusual Items	6.2B	6.42B	8.88B	9.64B	15.12B
Income Tax Expense	2.72B	2.77B	2.26B	4.35B	4.78B
Earnings From Continuing Operations	3.48B	3.65B	6.61B	5.3B	10.34B
Net Income to Company	3.48B	3.65B	6.61B	5.3B	10.34B
Minority Interest	-86M	-177M	-196M	-267M	-286M
Net Income - (IS)	3.39B	3.48B	6.42B	5.03B	10.05B
Net Income to Common Incl Extra Items	3.39B	3.48B	6.42B	5.03B	10.05B
Net Income to Common Excl. Extra Items	3.39B	3.48B	6.42B	5.03B	10.05B
Per Share Items
Net EPS - Basic	82.34	84.29	155.55	121.86	244.34
Basic EPS - Continuing Operations	82.34	84.29	155.55	121.86	244.34
Basic Weighted Average Shares Outstanding	41.22M	41.23M	41.24M	41.26M	41.14M
Net EPS - Diluted	82.32	84.29	155.55	121.86	244.34
Diluted EPS - Continuing Operations	82.32	84.29	155.55	121.86	244.34
Diluted Weighted Average Shares Outstanding	41.22M	41.23M	41.24M	41.26M	41.14M
Normalized Basic EPS	104.07	5.27	145.86	162.66	234.52
Normalized Diluted EPS	104.07	5.27	145.86	162.66	234.52
Dividend Per Share	75	37.5	50	75	80
Payout Ratio	91.34	59.48	32.22	51.37	30.84
Supplemental Items
EBITDA	16.45B	12.88B	19.65B	23.59B	28.04B
EBITA	6.14B	2.2B	8.77B	11.23B	14.74B
EBIT	6.14B	2.2B	8.77B	11.23B	14.74B
Effective Tax Rate - (Ratio)	43.86	43.14	25.51	45.08	31.64
Normalized Net Income	4.29B	217M	6.02B	6.71B	9.65B
Non-Cash Pension Expense	971M	595M	601M	247M	686M
Supplemental Operating Expense Items
Advertising Expense	18.84B	14.93B	15.98B	18.35B	20.14B
Selling and Marketing Expenses	18.84B	14.93B	15.98B	18.35B	20.14B
Research And Development Expense From Footnotes	4.6B	4B	4.1B	3.9B	3.6B

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	26.11B	32.61B	30.74B	36.32B	32.68B
Total Cash And Short Term Investments	26.11B	32.61B	30.74B	36.32B	32.68B
Accounts Receivable, Total	33.08B	35.76B	37.11B	36.95B	43.2B
Other Receivables	5.41B	4.93B	4.44B	6.58B	4.38B
Total Receivables	38.49B	40.7B	41.55B	43.53B	47.57B
Inventory	65.73B	68.42B	73.05B	83.78B	84.38B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	7.79B	8.31B	9.45B	9.78B	10.06B
Total Current Assets	138B	150B	155B	173B	175B
Net Property Plant And Equipment	94.04B	103B	105B	111B	116B
Long-term Investments	47.38B	48.35B	50.6B	53.91B	65.36B
Goodwill	7.43B	7.34B	6.45B	6.9B	8.03B
Other Intangibles, Total	8.57B	8.49B	8.39B	8.62B	10.16B
Deferred Tax Assets Long-Term	4.44B	2.27B	2.2B	1.92B	1.98B
Other Long-Term Assets, Total	-	-	1M	1M	1M
Total Assets	300B	320B	328B	356B	376B
Liabilities
Accounts Payable, Total	28.36B	25.36B	28.16B	25B	29.58B
Accrued Expenses, Total	3.48B	3.63B	4.17B	4.88B	5.1B
Short-term Borrowings	59.14B	72.61B	63.71B	72.6B	64.35B
Current Portion of Long-Term Debt	16.84B	17.66B	23.87B	22.42B	21.73B
Current Income Taxes Payable	13.02B	10.74B	12.9B	13.14B	19.97B
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	15.31B	15.67B	21.59B	24.12B	24.73B
Total Current Liabilities	136B	146B	154B	162B	165B
Long-Term Debt	33.64B	35.71B	29.05B	37.52B	31.67B
Long-Term Leases	4.29B	4.5B	4.1B	5.67B	7.68B
Pension & Other Post Retirement Benefits	10.49B	9.44B	7.64B	6.9B	6.14B
Deferred Tax Liability Non Current	5.54B	6.96B	6.68B	7.9B	10.53B
Other Non Current Liabilities	5.6B	4.3B	4.03B	4.02B	3.45B
Total Liabilities	196B	207B	206B	224B	225B
Common Stock, Total	10B	10B	10B	10B	10B
Additional Paid In Capital	7.24B	7.24B	7.24B	7.24B	7.24B
Retained Earnings	74.42B	75.91B	79.08B	81.52B	88.46B
Treasury Stock	-328M	-315M	-292M	-248M	-1.58B
Comprehensive Income and Other	11.71B	18.86B	24.04B	31.28B	44.97B
Total Common Equity	103B	112B	120B	130B	149B
Minority Interest	1.22B	1.39B	1.56B	1.96B	2.23B
Total Equity	104B	113B	122B	132B	151B
Total Liabilities And Equity	300B	320B	328B	356B	376B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	41.22M	41.23M	41.24M	41.29M	40.76M
ECS Total Common Shares Outstanding	41.22M	41.23M	41.24M	41.29M	40.76M
Book Value / Share	2.5K	2.71K	2.91K	3.14K	3.66K
Tangible Book Value	87.05B	95.86B	105B	114B	131B
Tangible Book Value Per Share	2.11K	2.33K	2.55K	2.77K	3.21K
Total Debt	114B	130B	121B	138B	125B
Net Debt	87.8B	97.88B	89.99B	102B	92.74B
Debt Equivalent of Unfunded Proj. Benefit Obligation	10.45B	9.01B	6.84B	5.07B	4.25B
Minority Interest, Total (Incl. Fin. Div)	1.22B	1.39B	1.56B	1.96B	2.23B
Inventories - Raw Materials, Total	10.61B	12.18B	13.82B	15.91B	15.98B
Inventories - Work In Process, Total	12.16B	13.88B	16.38B	18.12B	18.72B
Inventories - Finished Goods, Total	42.96B	42.36B	42.85B	49.75B	49.68B
Full Time Employees	11.95K	12.09K	11.98K	11.84K	11.74K
Accumulated Allowance for Doubtful Accounts (Supple)	1.32B	1.42B	1.31B	1.3B	1.42B
Order Backlog	5.7B	8.47B	12.17B	9.08B	8.54B

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	6.2B	6.42B	8.88B	9.64B	15.12B
Depreciation & Amortization - CF	10.32B	10.69B	10.88B	12.36B	13.3B
Depreciation & Amortization, Total	10.32B	10.69B	10.88B	12.36B	13.3B
(Gain) Loss From Sale Of Asset	139M	-851M	304M	42M	226M
(Gain) Loss on Sale of Investments - (CF)	-	-7.6B	-	548M	-139M
(Income) Loss On Equity Investments - (CF)	-1.31B	1.83B	-898M	-1.22B	-1.39B
Other Operating Activities, Total	-937M	-1.36B	-2.04B	-2.6B	-1.88B
Change In Accounts Receivable	2.39B	-911M	1.5B	688M	-4.28B
Change In Inventories	-7.45B	-1.55B	-2.05B	-8.24B	3.71B
Change In Accounts Payable	-4.36B	-3.89B	176M	-3.4B	3.9B
Change in Other Net Operating Assets	-2.28B	105M	3.61B	1.44B	4.15B
Cash from Operations	2.7B	2.87B	20.36B	9.26B	32.73B
Capital Expenditure	-8.85B	-17.74B	-8.8B	-12.18B	-11.02B
Sale of Property, Plant, and Equipment	546M	1.86B	642M	269M	1.66B
Cash Acquisitions	-219M	-1.36B	218M	-1.43B	-2.47B
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	2M	10.42B	267M	513M	191M
Net (Increase) Decrease in Loans Originated / Sold - Investing	752M	-16M	206M	-280M	128M
Other Investing Activities, Total	-2.92B	-1.01B	-1.85B	-2.43B	-3.59B
Cash from Investing	-10.69B	-7.84B	-9.32B	-15.54B	-15.1B
Short Term Debt Issued, Total	893B	1,452B	1,268B	1,409B	1,466B
Long-Term Debt Issued, Total	16.8B	20.8B	18.6B	32.8B	17.69B
Total Debt Issued	910B	1,473B	1,286B	1,442B	1,484B
Short Term Debt Repaid, Total	-883B	-1,439B	-1,277B	-1,401B	-1,475B
Long-Term Debt Repaid, Total	-21.12B	-19.17B	-19.04B	-25.63B	-23.94B
Total Debt Repaid	-905B	-1,458B	-1,296B	-1,426B	-1,499B
Repurchase of Common Stock	-	-	-	-	-1.42B
Common & Preferred Stock Dividends Paid	-3.1B	-2.07B	-2.07B	-2.58B	-3.1B
Common & Preferred Stock Dividends Paid	-3.1B	-2.07B	-2.07B	-2.58B	-3.1B
Other Financing Activities, Total	-1.48B	-2.06B	-2.17B	-2.1B	-2.81B
Cash from Financing	678M	10.46B	-13.91B	10.56B	-23.02B
Foreign Exchange Rate Adjustments	-427M	727M	1.27B	1.18B	1.86B
Miscellaneous Cash Flow Adjustments	1M	-	1M	-	-
Net Change in Cash	-7.73B	6.23B	-1.6B	5.47B	-3.53B
Supplemental Items
Cash Interest Paid	990M	898M	897M	1.13B	1.36B
Cash Income Tax Paid (Refund)	1.72B	1.49B	2.22B	2.83B	2.11B
Levered Free Cash Flow	-5.67B	-16.42B	11.82B	-6.25B	17.96B
Unlevered Free Cash Flow	-5.06B	-15.86B	12.38B	-5.53B	18.81B
Change In Net Working Capital	10.36B	10.19B	-4.81B	12.73B	-7.32B
Net Debt Issued / Repaid	5.26B	14.6B	-9.67B	15.24B	-15.69B

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.27	0.44	1.69	2.05	2.52
Return on Total Capital	1.77	0.59	2.26	2.74	3.37
Return On Equity %	3.24	3.36	5.63	4.18	7.3
Return on Common Equity	3.2	3.24	5.54	4.02	7.21
Margin Analysis
Gross Profit Margin %	39.69	39.41	41.78	42.92	44.32
SG&A Margin	37.04	38.28	38.06	38.6	38.99
EBITDA Margin %	6.88	6.36	8.28	9.06	10.13
EBITA Margin %	2.57	1.08	3.69	4.31	5.32
EBIT Margin %	2.57	1.08	3.69	4.31	5.32
Income From Continuing Operations Margin %	1.46	1.8	2.78	2.03	3.73
Net Income Margin %	1.42	1.71	2.7	1.93	3.63
Net Avail. For Common Margin %	1.42	1.71	2.7	1.93	3.63
Normalized Net Income Margin	1.79	0.11	2.53	2.58	3.49
Levered Free Cash Flow Margin	-2.37	-8.1	4.98	-2.4	6.49
Unlevered Free Cash Flow Margin	-2.11	-7.83	5.21	-2.12	6.79
Asset Turnover
Asset Turnover	0.79	0.65	0.73	0.76	0.76
Fixed Assets Turnover	2.62	2.06	2.28	2.41	2.44
Receivables Turnover (Average Receivables)	6.89	5.89	6.51	7.03	6.91
Inventory Turnover (Average Inventory)	2.33	1.83	1.95	1.9	1.83
Short Term Liquidity
Current Ratio	1.01	1.03	1	1.07	1.06
Quick Ratio	0.47	0.5	0.47	0.49	0.49
Operating Cash Flow to Current Liabilities	0.02	0.02	0.13	0.06	0.2
Days Sales Outstanding (Average Receivables)	53.09	61.99	56.03	51.89	52.99
Days Outstanding Inventory (Average Inventory)	157.39	199.37	186.81	192.46	199.67
Average Days Payable Outstanding	73.91	78.13	68.39	60.86	64.56
Cash Conversion Cycle (Average Days)	136.57	183.24	174.45	183.49	188.09
Long Term Solvency
Total Debt/Equity	109.24	115.39	99.26	104.9	82.88
Total Debt / Total Capital	52.21	53.57	49.81	51.2	45.32
LT Debt/Equity	36.37	35.56	27.25	32.78	26
Long-Term Debt / Total Capital	17.38	16.51	13.68	16	14.22
Total Liabilities / Total Assets	65.24	64.63	62.87	62.98	59.78
EBIT / Interest Expense	6.25	2.44	9.79	9.86	10.92
EBITDA / Interest Expense	16.75	14.33	21.93	20.71	20.77
(EBITDA - Capex) / Interest Expense	7.74	-5.39	12.11	10.02	12.61
Total Debt / EBITDA	6.92	10.13	6.14	5.86	4.47
Net Debt / EBITDA	5.34	7.6	4.58	4.32	3.31
Total Debt / (EBITDA - Capex)	14.99	-26.9	11.12	12.11	7.37
Net Debt / (EBITDA - Capex)	11.56	-20.18	8.29	8.93	5.45
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-3.29	-15.25	17.13	9.74	6.26
Gross Profit, 1 Yr. Growth %	-1.46	-15.87	24.18	12.72	9.74
EBITDA, 1 Yr. Growth %	-10.48	-21.67	52.5	20.07	18.85
EBITA, 1 Yr. Growth %	-34.7	-64.22	299.59	28.08	31.2
EBIT, 1 Yr. Growth %	-34.7	-64.22	299.59	28.08	31.2
Earnings From Cont. Operations, 1 Yr. Growth %	-62.69	4.94	81.02	-19.91	95.22
Net Income, 1 Yr. Growth %	-63.3	2.39	84.6	-21.62	99.9
Normalized Net Income, 1 Yr. Growth %	-39.17	-94.93	2.67K	11.58	43.73
Diluted EPS Before Extra, 1 Yr. Growth %	-63.32	2.4	84.54	-21.66	100.51
Accounts Receivable, 1 Yr. Growth %	-8.88	8.11	3.77	-0.44	16.9
Inventory, 1 Yr. Growth %	12.74	4.09	6.76	14.69	0.72
Net Property, Plant and Equip., 1 Yr. Growth %	6.1	9.71	1.86	5.76	4.4
Total Assets, 1 Yr. Growth %	-1.01	6.56	2.46	8.67	5.72
Tangible Book Value, 1 Yr. Growth %	-5.36	10.13	9.76	8.6	14.56
Common Equity, 1 Yr. Growth %	-5.65	8.39	7.49	8.1	14.88
Cash From Operations, 1 Yr. Growth %	-84.56	6.29