Cash flow Seino Holdings Co., Ltd.

Equities

9076

JP3415400005

Air Freight & Logistics

Market Closed - Japan Exchange Other stock markets 02:30:00 2026-05-08 am EDT			5-day change	1st Jan Change
2,442.50 ^JPY	+1.50%		+2.13%	+3.67%

Feb. 09	Seino Holdings Co., Ltd. Reports Earnings Results for the Nine Months Ended December 31, 2025	CI
Jan. 29	Hacobell Co., Ltd. announced that it has received funding from Seino Holdings Co., Ltd., Energy & Environment Investment, Inc., Regrowth Capital Management Co., Ltd., Kiyo Capital Management Co., Ltd., Shigin Capital Partners Co., Ltd.	CI

b382f73.5vB1P9GARF1wedbNBxKe4Nkcu_kQ_eXi5AMDKdTSqN4.j8EyTLLtFAoIIZT6TUuz0ZdxiYhnroiV3GB2TI2n2a-gtAVlidoROCU1uQ

Published financial data: SEINO HOLDINGS CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	592B	608B	632B	643B	737B
Total Revenues	592B	608B	632B	643B	737B
Cost of Goods Sold, Total	526B	536B	555B	569B	651B
Gross Profit	66.19B	71.58B	76.51B	73.6B	86.61B
Selling General & Admin Expenses, Total	37.67B	39.76B	43.18B	45.36B	51.6B
Provision for Bad Debts	33M	162M	123M	-35M	182M
Depreciation & Amortization - (IS)	2.29B	2.32B	2.51B	2.73B	2.79B
Amortization of Goodwill and Intangible Assets - (IS)	1.64B	1.79B	2.19B	2.13B	2.16B
Other Operating Expenses, Total	41.63B	44.03B	48.01B	50.19B	56.73B
Operating Income	24.56B	27.55B	28.5B	23.4B	29.88B
Interest Expense, Total	-407M	-434M	-424M	-412M	-609M
Interest And Investment Income	1.54B	859M	977M	973M	1.25B
Net Interest Expenses	1.13B	425M	553M	561M	637M
Income (Loss) On Equity Invest.	442M	1.56B	2.45B	-229M	-3.13B
Other Non Operating Income (Expenses)	1.62B	738M	1.19B	759M	728M
EBT, Excl. Unusual Items	27.75B	30.27B	32.69B	24.5B	28.12B
Gain (Loss) On Sale Of Investments	628M	30M	146M	548M	6.48B
Gain (Loss) On Sale Of Assets	-652M	-671M	-1.09B	-410M	-2.25B
Asset Writedown	-53M	-1.14B	-787M	-492M	-110M
Other Unusual Items	-54M	-143M	391M	1.48B	254M
EBT, Incl. Unusual Items	27.62B	28.34B	31.35B	25.62B	32.5B
Income Tax Expense	10.78B	10.7B	11.89B	11.15B	12.12B
Earnings From Continuing Operations	16.84B	17.65B	19.46B	14.47B	20.38B
Net Income to Company	16.84B	17.65B	19.46B	14.47B	20.38B
Minority Interest	-184M	-391M	-447M	94M	-1.12B
Net Income - (IS)	16.66B	17.26B	19.01B	14.56B	19.25B
Net Income to Common Incl Extra Items	16.66B	17.26B	19.01B	14.56B	19.25B
Net Income to Common Excl. Extra Items	16.66B	17.26B	19.01B	14.56B	19.25B
Per Share Items
Net EPS - Basic	89.31	94.59	104.88	83.72	115.41
Basic EPS - Continuing Operations	89.31	94.59	104.88	83.72	115.41
Basic Weighted Average Shares Outstanding	187M	182M	181M	174M	167M
Net EPS - Diluted	89.29	88.78	98.4	78.16	107.26
Diluted EPS - Continuing Operations	89.29	88.78	98.4	78.16	107.26
Diluted Weighted Average Shares Outstanding	187M	194M	193M	186M	179M
Normalized Basic EPS	91.99	101.56	110.23	88.56	98.63
Normalized Diluted EPS	91.97	95.52	103.61	82.88	91.84
Dividend Per Share	27	29	56	100	102
Payout Ratio	44.97	28.55	27.62	106.94	87.28
Supplemental Items
EBITDA	46.55B	50.82B	52.25B	47.23B	56.18B
EBITA	26.2B	29.33B	30.69B	25.54B	32.04B
EBIT	24.56B	27.55B	28.5B	23.4B	29.88B
Effective Tax Rate - (Ratio)	39.01	37.74	37.93	43.52	37.3
Normalized Net Income	17.16B	18.53B	19.98B	15.4B	16.45B
Non-Cash Pension Expense	1.53B	1.35B	1.27B	1.1B	967M
Supplemental Operating Expense Items
Advertising Expense	1.39B	1.56B	1.68B	1.45B	1.54B
Selling and Marketing Expenses	1.39B	1.56B	1.68B	1.45B	1.54B

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	76.45B	94.49B	107B	80.28B	85.12B
Short Term Investments	26.6B	14B	3B	3.19B	-
Total Cash And Short Term Investments	103B	108B	110B	83.47B	85.12B
Accounts Receivable, Total	120B	118B	119B	114B	118B
Total Receivables	120B	118B	119B	114B	118B
Inventory	13.54B	11.24B	16.39B	20.61B	19.49B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	5.92B	7.55B	10.5B	12.19B	10.99B
Total Current Assets	243B	246B	255B	230B	234B
Net Property Plant And Equipment	335B	342B	343B	346B	425B
Long-term Investments	64.31B	66.44B	71.84B	88.91B	86.79B
Goodwill	11.48B	11.13B	11.6B	9.47B	8.95B
Other Intangibles, Total	4.98B	5.43B	5.9B	5.86B	8.17B
Loans Receivable Long-Term	225M	232M	243M	256M	276M
Deferred Tax Assets Long-Term	13.94B	14.78B	15.65B	9B	8.19B
Other Long-Term Assets, Total	1M	1M	1M	2M	2M
Total Assets	672B	685B	704B	690B	771B
Liabilities
Accounts Payable, Total	48.64B	48.91B	49.87B	58.96B	58.68B
Accrued Expenses, Total	15.89B	15.97B	16.11B	16.44B	18.37B
Short-term Borrowings	4.47B	3.24B	4.76B	3.75B	83.15B
Current Portion of Long-Term Debt	966M	1.22B	1.17B	1.56B	26.36B
Current Income Taxes Payable	27.94B	28.7B	29.17B	27.48B	31.87B
Other Current Liabilities	13.09B	11.93B	11.88B	11.64B	13.82B
Total Current Liabilities	111B	110B	113B	120B	232B
Long-Term Debt	33.53B	35.02B	34.54B	32.03B	5.88B
Pension & Other Post Retirement Benefits	83.01B	83.94B	84.97B	78.95B	73.63B
Deferred Tax Liability Non Current	3.02B	3B	2.96B	2.65B	13.4B
Other Non Current Liabilities	19.06B	19.81B	18.73B	20.48B	22.11B
Total Liabilities	250B	252B	254B	254B	347B
Common Stock, Total	42.48B	42.48B	42.48B	42.48B	42.48B
Additional Paid In Capital	81.62B	80.94B	80.87B	77.18B	77.51B
Retained Earnings	321B	333B	346B	321B	323B
Treasury Stock	-35.5B	-37.14B	-36.42B	-37.59B	-77.74B
Comprehensive Income and Other	9.47B	10.75B	11.5B	26.96B	31.48B
Total Common Equity	419B	430B	445B	430B	397B
Minority Interest	3.37B	3.63B	4.88B	5.19B	26.57B
Total Equity	423B	434B	450B	436B	424B
Total Liabilities And Equity	672B	685B	704B	690B	771B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	182M	181M	182M	168M	149M
ECS Total Common Shares Outstanding	182M	181M	182M	168M	149M
Book Value / Share	2.3K	2.38K	2.45K	2.56K	2.66K
Tangible Book Value	403B	413B	427B	415B	380B
Tangible Book Value Per Share	2.21K	2.28K	2.35K	2.47K	2.55K
Total Debt	38.97B	39.48B	40.47B	37.34B	115B
Net Debt	-64.09B	-69.01B	-69.28B	-46.13B	30.26B
Debt Equivalent of Unfunded Proj. Benefit Obligation	81.44B	82.33B	83.14B	77.18B	65.81B
Minority Interest, Total (Incl. Fin. Div)	3.37B	3.63B	4.88B	5.19B	26.57B
Inventories - Raw Materials, Total	716M	796M	912M	903M	1.42B
Inventories - Work In Process, Total	1.49B	680M	974M	1.05B	1.16B
Inventories - Finished Goods, Total	11.34B	9.76B	14.5B	18.66B	16.91B
Inventories - Others	2M	1M	1M	1M	1M
Full Time Employees	29.41K	29.75K	29.64K	28.85K	31.43K
Accumulated Allowance for Doubtful Accounts (Supple)	212M	345M	445M	348M	490M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	27.62B	28.34B	31.35B	25.62B	32.5B
Depreciation & Amortization - CF	20.35B	21.49B	21.55B	21.69B	24.13B
Amortization of Goodwill and Intangible Assets - (CF)	1.64B	1.79B	2.19B	2.13B	2.16B
Depreciation & Amortization, Total	21.99B	23.28B	23.75B	23.82B	26.29B
(Gain) Loss From Sale Of Asset	705M	1.81B	1.87B	901M	2.36B
(Gain) Loss on Sale of Investments - (CF)	-628M	-30M	-146M	-548M	-5.31B
(Income) Loss On Equity Investments - (CF)	-442M	-1.56B	-2.45B	229M	3.13B
Other Operating Activities, Total	-12.4B	-9.88B	-13.05B	-12.73B	-8.38B
Change In Accounts Receivable	-766M	-1.15B	1.45B	4.94B	12.51B
Change In Inventories	214M	1.81B	-5.03B	-3.89B	1.66B
Change In Accounts Payable	-130M	316M	-501M	8.55B	-8.56B
Change in Other Net Operating Assets	2.52B	2.59B	2.02B	1.55B	-3.46B
Cash from Operations	38.68B	45.53B	39.27B	48.44B	52.75B
Capital Expenditure	-35.45B	-29.38B	-24.93B	-23.4B	-38.13B
Sale of Property, Plant, and Equipment	330M	595M	386M	1B	378M
Cash Acquisitions	-257M	-1.55B	-209M	-	-37.65B
Investment in Marketable and Equity Securities, Total	7.98B	-1.07B	-3.37B	-1.52B	6.87B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-11M	-12M	-8M	-17M	122M
Other Investing Activities, Total	-558M	-377M	-1.45B	-1.58B	-2.47B
Cash from Investing	-27.97B	-31.79B	-29.59B	-25.51B	-70.88B
Short Term Debt Issued, Total	-	-	-	-	79.4B
Long-Term Debt Issued, Total	25.39B	11.04B	630M	-	425M
Total Debt Issued	25.39B	11.04B	630M	-	79.83B
Short Term Debt Repaid, Total	-422M	-480M	-482M	-1.01B	-
Long-Term Debt Repaid, Total	-1.04B	-9.59B	-2.03B	-2.07B	-2.38B
Total Debt Repaid	-1.46B	-10.07B	-2.51B	-3.08B	-2.38B
Issuance of Common Stock	2M	-	607M	617M	635M
Repurchase of Common Stock	-20B	-1.81B	-80M	-30B	-40.75B
Common Dividends Paid	-7.49B	-4.93B	-5.25B	-15.57B	-16.8B
Common & Preferred Stock Dividends Paid	-7.49B	-4.93B	-5.25B	-15.57B	-16.8B
Other Financing Activities, Total	-6.93B	-2.11B	-1.56B	-612M	-572M
Cash from Financing	-10.49B	-7.88B	-8.17B	-48.65B	19.95B
Foreign Exchange Rate Adjustments	-27M	-10M	27M	27M	153M
Miscellaneous Cash Flow Adjustments	-1M	-1M	-	1M	-
Net Change in Cash	201M	5.84B	1.54B	-25.69B	1.98B
Supplemental Items
Cash Interest Paid	389M	417M	446M	429M	625M
Cash Income Tax Paid (Refund)	12.32B	10.1B	13.46B	13.19B	8.91B
Levered Free Cash Flow	-5.05B	13.37B	9.29B	21.07B	13.12B
Unlevered Free Cash Flow	-4.79B	13.64B	9.55B	21.32B	13.5B
Change In Net Working Capital	6.68B	-2.53B	7.08B	-6.27B	-6.66B
Net Debt Issued / Repaid	23.93B	968M	-1.88B	-3.08B	77.44B

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.31	2.54	2.56	2.1	2.56
Return on Total Capital	3.39	3.68	3.7	3.04	3.69
Return On Equity %	3.95	4.12	4.41	3.27	4.74
Return on Common Equity	3.95	4.06	4.35	3.33	4.65
Margin Analysis
Gross Profit Margin %	11.18	11.78	12.12	11.45	11.75
SG&A Margin	6.36	6.54	6.84	7.06	7
EBITDA Margin %	7.86	8.36	8.27	7.35	7.62
EBITA Margin %	4.43	4.83	4.86	3.97	4.35
EBIT Margin %	4.15	4.53	4.51	3.64	4.05
Income From Continuing Operations Margin %	2.84	2.9	3.08	2.25	2.76
Net Income Margin %	2.81	2.84	3.01	2.27	2.61
Net Avail. For Common Margin %	2.81	2.84	3.01	2.27	2.61
Normalized Net Income Margin	2.9	3.05	3.16	2.4	2.23
Levered Free Cash Flow Margin	-0.85	2.2	1.47	3.28	1.78
Unlevered Free Cash Flow Margin	-0.81	2.24	1.51	3.32	1.83
Asset Turnover
Asset Turnover	0.89	0.9	0.91	0.92	1.01
Fixed Assets Turnover	1.82	1.8	1.84	1.87	1.91
Receivables Turnover (Average Receivables)	4.92	5.1	5.33	5.52	6.35
Inventory Turnover (Average Inventory)	38.49	43.27	40.18	30.77	32.45
Short Term Liquidity
Current Ratio	2.19	2.23	2.26	1.92	1.01
Quick Ratio	2.01	2.06	2.02	1.65	0.87
Operating Cash Flow to Current Liabilities	0.35	0.41	0.35	0.4	0.23
Days Sales Outstanding (Average Receivables)	74.13	71.63	68.52	66.3	57.44
Days Outstanding Inventory (Average Inventory)	9.48	8.44	9.08	11.9	11.25
Average Days Payable Outstanding	33.8	33.35	32.19	34.73	33.05
Cash Conversion Cycle (Average Days)	49.81	46.71	45.42	43.46	35.64
Long Term Solvency
Total Debt/Equity	9.22	9.11	9	8.57	27.24
Total Debt / Total Capital	8.44	8.35	8.26	7.9	21.41
LT Debt/Equity	7.93	8.08	7.68	7.35	1.39
Long-Term Debt / Total Capital	7.26	7.4	7.05	6.77	1.09
Total Liabilities / Total Assets	37.13	36.74	36.11	36.83	45.05
EBIT / Interest Expense	60.35	63.47	67.22	56.81	49.07
EBITDA / Interest Expense	114.38	117.1	123.23	114.63	92.24
(EBITDA - Capex) / Interest Expense	27.27	49.4	64.43	57.83	29.64
Total Debt / EBITDA	0.84	0.78	0.77	0.79	2.05
Net Debt / EBITDA	-1.38	-1.36	-1.33	-0.98	0.54
Total Debt / (EBITDA - Capex)	3.51	1.84	1.48	1.57	6.39
Net Debt / (EBITDA - Capex)	-5.77	-3.22	-2.54	-1.94	1.68
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-5.59	2.64	3.92	1.79	14.71
Gross Profit, 1 Yr. Growth %	-7.84	8.14	6.89	-3.8	17.69
EBITDA, 1 Yr. Growth %	-9.21	9.18	2.8	-9.61	18.95
EBITA, 1 Yr. Growth %	-15.69	11.97	4.64	-16.8	25.47
EBIT, 1 Yr. Growth %	-16.57	12.15	3.47	-17.89	27.69
Earnings From Cont. Operations, 1 Yr. Growth %	-34.04	4.76	10.28	-25.66	40.84
Net Income, 1 Yr. Growth %	-35.12	3.57	10.19	-23.42	32.22
Normalized Net Income, 1 Yr. Growth %	-12.76	7.96	7.86	-22.92	6.83
Diluted EPS Before Extra, 1 Yr. Growth %	-30.01	-0.57	10.83	-20.57	37.23
Accounts Receivable, 1 Yr. Growth %	-0.08	-1.57	0.42	-3.96	3.41
Inventory, 1 Yr. Growth %	-1.7	-17.04	45.85	25.79	-5.45
Net Property, Plant and Equip., 1 Yr. Growth %	5.89	2.11	0.45	0.71	22.92
Total Assets, 1 Yr. Growth %	2.28	1.94	2.72	-2.04	11.79
Tangible Book Value, 1 Yr. Growth %	-0.68	2.62	3.39	-2.87	-8.47
Common Equity, 1 Yr. Growth %	-0.95	2.54	3.48	-3.25	-7.76
Cash From Operations, 1 Yr. Growth %	10.65	17.69	-13.73	23.34	8.89
Capital Expenditures, 1 Yr. Growth %	2.19	-17.12	-15.15	-6.14	62.94
Levered Free Cash Flow, 1 Yr. Growth %	-15.5	-364.8	-30.53	126.83	-37.72
Unlevered Free Cash Flow, 1 Yr. Growth %	-15.73	-384.51	-29.97	123.23	-36.69
Dividend Per Share, 1 Yr. Growth %	-30.77	7.41	93.1	78.57	2
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-2.16	-1.56	3.28	2.85	8.06
Gross Profit, 2 Yr. CAGR %	-4.06	-0.17	7.51	1.4	6.4
EBITDA, 2 Yr. CAGR %	-5.06	-0.44	5.94	-3.6	3.69
EBITA, 2 Yr. CAGR %	-10.42	-2.84	8.24	-6.69	2.17
EBIT, 2 Yr. CAGR %	-11.29	-3.27	7.72	-7.82	2.4
Earnings From Cont. Operations, 2 Yr. CAGR %	-10.64	-16.87	7.49	-9.45	2.32
Net Income, 2 Yr. CAGR %	-11.39	-18.02	6.83	-8.14	0.63
Normalized Net Income, 2 Yr. CAGR %	-9.9	-2.95	7.91	-8.82	-9.26
Diluted EPS Before Extra, 2 Yr. CAGR %	-7.72	-16.57	4.98	-6.18	4.4
Accounts Receivable, 2 Yr. CAGR %	-0.21	-0.83	-0.58	-1.79	-0.34
Inventory, 2 Yr. CAGR %	1.42	-9.69	10	35.45	9.05
Net Property, Plant and Equip., 2 Yr. CAGR %	3.79	3.99	1.28	0.58	11.26
Total Assets, 2 Yr. CAGR %	1.08	2.11	2.33	0.31	4.65
Tangible Book Value, 2 Yr. CAGR %	0.27	0.95	3	0.21	-5.72
Common Equity, 2 Yr. CAGR %	-0.03	0.78	3.01	0.06	-5.53
Cash From Operations, 2 Yr. CAGR %	-10.23	14.11	0.76	3.15	15.89
Capital Expenditures, 2 Yr. CAGR %	7.6	-7.97	-16.14	-10.76	23.67
Levered Free Cash Flow, 2 Yr. CAGR %	-52.98	49.59	35.63	25.53	18.85
Unlevered Free Cash Flow, 2 Yr. CAGR %	-54.39	54.84	41.16	25.03	18.88
Dividend Per Share, 2 Yr. CAGR %	-8.14	-13.77	44.02	85.7	34.96
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.23	-0.58	0.23	2.78	6.66
Gross Profit, 3 Yr. CAGR %	-0.37	-0.16	2.13	3.6	6.56
EBITDA, 3 Yr. CAGR %	-0.19	-0.53	0.63	0.48	3.4
EBITA, 3 Yr. CAGR %	-3.38	-3.5	-0.41	-0.85	2.99
EBIT, 3 Yr. CAGR %	-4.14	-4.08	-1.07	-1.6	2.75
Earnings From Cont. Operations, 3 Yr. CAGR %	-5.57	-5.78	-8.66	-4.94	4.91
Net Income, 3 Yr. CAGR %	-5.98	-6.66	-9.53	-4.39	3.72
Normalized Net Income, 3 Yr. CAGR %	-2.02	-4.3	0.53	-3.54	-3.88
Diluted EPS Before Extra, 3 Yr. CAGR %	-3.22	-5.39	-8.29	-4.34	6.5
Accounts Receivable, 3 Yr. CAGR %	0.17	-0.67	-0.41	-1.72	-0.09
Inventory, 3 Yr. CAGR %	-3.11	-5.15	5.95	15.03	20.15
Net Property, Plant and Equip., 3 Yr. CAGR %	4.25	3.23	2.79	1.09	7.54
Total Assets, 3 Yr. CAGR %	2.24	1.36	2.31	0.85	4
Tangible Book Value, 3 Yr. CAGR %	1.89	1.05	1.76	1	-2.77
Common Equity, 3 Yr. CAGR %	1.67	0.81	1.67	0.88	-2.62
Cash From Operations, 3 Yr. CAGR %	-2.15	-1.75	3.95	7.78	5.03
Capital Expenditures, 3 Yr. CAGR %	24.09	-1.37	-10.43	-12.93	9.07
Levered Free Cash Flow, 3 Yr. CAGR %	-36.17	-16.35	15.84	60.99	-0.63
Unlevered Free Cash Flow, 3 Yr. CAGR %	-37.42	-16.04	18.86	64.46	-0.34
Dividend Per Share, 3 Yr. CAGR %	-3.45	-3.23	12.82	54.72	52.08
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.28	1.38	1.16	0.78	3.29
Gross Profit, 5 Yr. CAGR %	1.1	1.98	2.71	0.46	3.81
EBITDA, 5 Yr. CAGR %	1.57	2.37	2.22	-1.77	1.84
EBITA, 5 Yr. CAGR %	-0.62	0.77	1.11	-4.79	0.61
EBIT, 5 Yr. CAGR %	-1.27	0.31	0.44	-5.59	0.3
Earnings From Cont. Operations, 5 Yr. CAGR %	-2.04	-0.73	-0.55	-7.27	-4.42
Net Income, 5 Yr. CAGR %	-2.45	-1.07	-1.05	-7.25	-5.6
Normalized Net Income, 5 Yr. CAGR %	-0.8	0.61	1.84	-6.13	-3.51
Diluted EPS Before Extra, 5 Yr. CAGR %	-0.55	-0.05	-0.02	-5.71	-3.41
Accounts Receivable, 5 Yr. CAGR %	1.96	1.02	-0.13	-1.12	-0.39
Inventory, 5 Yr. CAGR %	4.71	-2.18	1.94	9.38	7.18
Net Property, Plant and Equip., 5 Yr. CAGR %	2.89	3.28	3.05	2.16	6.1
Total Assets, 5 Yr. CAGR %	3.01	2.89	2.27	0.94	3.24
Tangible Book Value, 5 Yr. CAGR %	3.14	3	2.33	0.71	-1.3
Common Equity, 5 Yr. CAGR %	2.82	2.76	2.2	0.51	-1.27
Cash From Operations, 5 Yr. CAGR %	4.77	5.48	-0.99	0.18	8.57
Capital Expenditures, 5 Yr. CAGR %	8.23	12.73	6.08	-5.24	1.91
Levered Free Cash Flow, 5 Yr. CAGR %	-13.5	-3.48	-13.71	-1.6	17.04
Unlevered Free Cash Flow, 5 Yr. CAGR %	-14.59	-3.27	-13.35	-1.54	18.87
Dividend Per Share, 5 Yr. CAGR %	-0.72	1.44	13.3	25.59	21.2