Cash flow Shikino High-Tech CO.,LTD.

Equities

6614

JP3348850003

Semiconductor Equipment & Testing

Market Closed - Japan Exchange Other stock markets 02:30:00 2025-05-19 am EDT			5-day change	1st Jan Change
1,004.00 ^JPY	+0.50%		-0.40%	-2.52%

2024	Shikino High-Tech CO.,LTD. completed the acquisition of Sanshin Electric Works Business of Outsourcing Technology, Inc.	CI
2023	Shikino High-Tech CO.,LTD. agreed to acquire Sanshin Electric Works Business of Outsourcing Technology, Inc. from Outsourcing Technology, Inc.	CI

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Published financial data: SHIKINO HIGH-TECH CO.,LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	4.53B	4.42B	5.36B	6.48B	7.09B
Total Revenues	4.53B	4.42B	5.36B	6.48B	7.09B
Cost of Goods Sold, Total	3.52B	3.42B	3.93B	4.68B	5.21B
Gross Profit	1.01B	1B	1.43B	1.8B	1.88B
Selling General & Admin Expenses, Total	770M	704M	784M	828M	945M
R&D Expenses	-	83M	235M	300M	322M
Depreciation & Amortization - (IS)	-	11M	11M	10M	6M
Other Operating Expenses, Total	770M	798M	1.03B	1.14B	1.27B
Operating Income	236M	203M	397M	657M	604M
Interest Expense, Total	-7M	-4M	-4M	-4M	-3M
Interest And Investment Income	2M	2M	2M	2M	2M
Net Interest Expenses	-5M	-2M	-2M	-2M	-1M
Currency Exchange Gains (Loss)	-2M	-1M	3M	1M	2M
Other Non Operating Income (Expenses)	5M	9M	18M	12M	33M
EBT, Excl. Unusual Items	234M	209M	416M	668M	638M
Gain (Loss) On Sale Of Investments	-20M	-	1M	-53M	-
Gain (Loss) On Sale Of Assets	-45M	-	-	-	-
Asset Writedown	-	-	-4M	-2M	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	169M	209M	413M	613M	638M
Income Tax Expense	56M	96M	86M	136M	129M
Earnings From Continuing Operations	113M	113M	327M	477M	509M
Net Income to Company	113M	113M	327M	477M	509M
Net Income - (IS)	113M	113M	327M	477M	509M
Net Income to Common Incl Extra Items	113M	113M	327M	477M	509M
Net Income to Common Excl. Extra Items	113M	113M	327M	477M	509M
Per Share Items
Net EPS - Basic	37.67	37.31	75.24	107.98	115.11
Basic EPS - Continuing Operations	37.67	37.31	75.24	107.98	115.11
Basic Weighted Average Shares Outstanding	3M	3.03M	4.35M	4.42M	4.42M
Net EPS - Diluted	37.67	37.31	73.96	107.65	115.11
Diluted EPS - Continuing Operations	37.67	37.31	73.96	107.65	115.11
Diluted Weighted Average Shares Outstanding	3M	3.03M	4.42M	4.43M	4.42M
Normalized Basic EPS	48.75	43.14	59.83	94.51	90.18
Normalized Diluted EPS	48.75	43.14	58.81	94.22	90.18
Payout Ratio	-	-	-	9.01	12.97
Supplemental Items
EBITDA	-	299M	509M	762M	706M
EBITA	236M	203M	397M	657M	604M
EBIT	236M	203M	397M	657M	604M
Effective Tax Rate - (Ratio)	33.14	45.93	20.82	22.19	20.22
Normalized Net Income	146M	131M	260M	418M	399M
Non-Cash Pension Expense	-	28M	32M	32M	34M
Supplemental Operating Expense Items
General and Administrative Expenses	-	121M	123M	112M	114M
Research And Development Expense From Footnotes	-	83M	235M	300M	322M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	223M	576M	528M	529M	508M
Total Cash And Short Term Investments	223M	576M	528M	529M	508M
Accounts Receivable, Total	966M	842M	1.26B	1.72B	1.8B
Total Receivables	966M	842M	1.26B	1.72B	1.8B
Inventory	451M	611M	721M	1.17B	1.21B
Prepaid Expenses	34M	25M	27M	32M	45M
Other Current Assets, Total	76M	64M	115M	165M	270M
Total Current Assets	1.75B	2.12B	2.65B	3.62B	3.84B
Net Property Plant And Equipment	873M	830M	868M	912M	1.19B
Long-term Investments	276M	318M	127M	87M	141M
Other Intangibles, Total	25M	18M	91M	205M	253M
Deferred Tax Assets Long-Term	282M	327M	355M	351M	334M
Deferred Charges Long-Term	-	5M	3M	1M	-
Other Long-Term Assets, Total	2M	2M	2M	3M	2M
Total Assets	3.21B	3.62B	4.09B	5.18B	5.75B
Liabilities
Accounts Payable, Total	327M	332M	434M	694M	513M
Accrued Expenses, Total	307M	287M	353M	390M	470M
Short-term Borrowings	382M	301M	121M	152M	256M
Current Portion of Long-Term Debt	132M	91M	99M	159M	116M
Current Portion of Leases	9M	7M	2M	-	5M
Current Income Taxes Payable	191M	230M	270M	342M	424M
Other Current Liabilities	118M	112M	118M	157M	209M
Total Current Liabilities	1.47B	1.36B	1.4B	1.89B	1.99B
Long-Term Debt	286M	195M	188M	293M	178M
Long-Term Leases	10M	2M	-	-	28M
Pension & Other Post Retirement Benefits	681M	747M	782M	830M	894M
Other Non Current Liabilities	88M	88M	86M	83M	114M
Total Liabilities	2.53B	2.39B	2.45B	3.1B	3.21B
Common Stock, Total	170M	376M	420M	421M	421M
Additional Paid In Capital	101M	307M	351M	352M	352M
Retained Earnings	427M	540M	869M	1.3B	1.74B
Comprehensive Income and Other	-21M	3M	1M	5M	34M
Total Common Equity	677M	1.23B	1.64B	2.08B	2.55B
Total Equity	677M	1.23B	1.64B	2.08B	2.55B
Total Liabilities And Equity	3.21B	3.62B	4.09B	5.18B	5.75B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3M	3.11M	4.39M	4.42M	4.43M
ECS Total Common Shares Outstanding	3M	3.11M	4.39M	4.42M	4.43M
Book Value / Share	225.67	393.82	373.91	470.18	575.49
Tangible Book Value	652M	1.21B	1.55B	1.88B	2.29B
Tangible Book Value Per Share	217.33	388.04	353.17	423.84	518.33
Total Debt	819M	596M	410M	604M	583M
Net Debt	596M	20M	-118M	75M	75M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	805M	813M	858M	924M
Inventories - Raw Materials, Total	302M	409M	485M	797M	765M
Inventories - Work In Process, Total	74M	58M	114M	172M	175M
Inventories - Finished Goods, Total	75M	142M	122M	202M	271M
Inventories - Others	-	2M	-	1M	1M
Full Time Employees	-	345	359	370	448
Order Backlog	-	1.35B	2.07B	2.83B	2.13B

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	-	209M	413M	613M	639M
Depreciation & Amortization - CF	-	96M	112M	105M	102M
Depreciation & Amortization, Total	-	96M	112M	105M	102M
(Gain) Loss From Sale Of Asset	-	-	4M	2M	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-1M	52M	-
Other Operating Activities, Total	-	-96M	-146M	-119M	-150M
Change In Accounts Receivable	-	125M	-479M	-473M	-162M
Change In Inventories	-	-158M	-117M	-451M	-5M
Change In Accounts Payable	-	3M	102M	259M	-181M
Change in Other Net Operating Assets	-	36M	136M	72M	252M
Cash from Operations	-	215M	24M	60M	495M
Capital Expenditure	-	-73M	-122M	-154M	-173M
Sale (Purchase) of Intangible assets	-	-3M	-28M	-64M	-132M
Investment in Marketable and Equity Securities, Total	-	38M	2M	-15M	-
Other Investing Activities, Total	-	-	193M	3M	-52M
Cash from Investing	-	-38M	45M	-230M	-357M
Short Term Debt Issued, Total	-	-	-	50M	100M
Long-Term Debt Issued, Total	-	-	100M	300M	-
Total Debt Issued	-	-	100M	350M	100M
Short Term Debt Repaid, Total	-	-50M	-200M	-	-
Long-Term Debt Repaid, Total	-	-132M	-99M	-135M	-158M
Total Debt Repaid	-	-182M	-299M	-135M	-158M
Issuance of Common Stock	-	407M	87M	2M	-
Repurchase of Common Stock	-	-	-	-	-33M
Common & Preferred Stock Dividends Paid	-	-	-	-43M	-66M
Common & Preferred Stock Dividends Paid	-	-	-	-43M	-66M
Other Financing Activities, Total	-	-11M	-6M	-4M	-1M
Cash from Financing	-	214M	-118M	170M	-158M
Miscellaneous Cash Flow Adjustments	-	-	2M	1M	-1M
Net Change in Cash	-	391M	-47M	1M	-21M
Supplemental Items
Cash Interest Paid	-	5M	3M	4M	3M
Cash Income Tax Paid (Refund)	-	95M	148M	121M	150M
Levered Free Cash Flow	-	147M	-156M	-269M	-31.38M
Unlevered Free Cash Flow	-	150M	-154M	-266M	-29.5M
Change In Net Working Capital	-23M	-3M	364M	564M	204M
Net Debt Issued / Repaid	-	-182M	-199M	215M	-58M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	4.56	3.72	6.43	8.86	6.9
Return on Total Capital	9.49	7.65	12.81	17.34	12.99
Return On Equity %	18.31	11.88	22.81	25.64	22
Return on Common Equity	18.31	11.88	22.81	25.64	22
Margin Analysis
Gross Profit Margin %	22.2	22.62	26.63	27.72	26.47
SG&A Margin	16.99	15.91	14.63	12.79	13.33
EBITDA Margin %	-	6.76	9.5	11.77	9.96
EBITA Margin %	5.21	4.59	7.41	10.15	8.52
EBIT Margin %	5.21	4.59	7.41	10.15	8.52
Income From Continuing Operations Margin %	2.49	2.55	6.1	7.37	7.18
Net Income Margin %	2.49	2.55	6.1	7.37	7.18
Net Avail. For Common Margin %	2.49	2.55	6.1	7.37	7.18
Normalized Net Income Margin	3.23	2.95	4.85	6.45	5.62
Levered Free Cash Flow Margin	-	3.33	-2.92	-4.15	-0.44
Unlevered Free Cash Flow Margin	-	3.39	-2.87	-4.11	-0.42
Asset Turnover
Asset Turnover	1.4	1.3	1.39	1.4	1.3
Fixed Assets Turnover	5.12	5.2	6.31	7.28	6.76
Receivables Turnover (Average Receivables)	4.64	4.89	5.11	4.35	4.02
Inventory Turnover (Average Inventory)	8	6.45	5.9	4.95	4.37
Short Term Liquidity
Current Ratio	1.19	1.56	1.9	1.91	1.93
Quick Ratio	0.81	1.04	1.28	1.19	1.16
Operating Cash Flow to Current Liabilities	-	0.16	0.02	0.03	0.25
Days Sales Outstanding (Average Receivables)	78.88	74.57	71.48	83.98	90.97
Days Outstanding Inventory (Average Inventory)	45.74	56.6	61.82	73.8	83.67
Average Days Payable Outstanding	38.65	33.56	34.59	40.11	42.04
Cash Conversion Cycle (Average Days)	85.96	97.61	98.72	117.67	132.6
Long Term Solvency
Total Debt/Equity	120.97	48.61	24.98	29.04	22.89
Total Debt / Total Capital	54.75	32.71	19.99	22.5	18.63
LT Debt/Equity	43.72	16.07	11.46	14.09	8.09
Long-Term Debt / Total Capital	19.79	10.81	9.17	10.92	6.58
Total Liabilities / Total Assets	78.9	66.11	59.92	59.85	55.74
EBIT / Interest Expense	33.71	50.75	99.25	164.25	201.33
EBITDA / Interest Expense	-	74.75	127.25	190.5	235.33
(EBITDA - Capex) / Interest Expense	-	56.5	96.75	152	177.67
Total Debt / EBITDA	-	1.99	0.81	0.79	0.83
Net Debt / EBITDA	-	0.07	-0.23	0.1	0.11
Total Debt / (EBITDA - Capex)	-	2.64	1.06	0.99	1.09
Net Debt / (EBITDA - Capex)	-	0.09	-0.3	0.12	0.14
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-3.14	-2.34	21.11	20.84	9.5
Gross Profit, 1 Yr. Growth %	2.13	-0.5	42.56	25.79	4.57
EBITDA, 1 Yr. Growth %	-	-	70.23	49.71	-7.35
EBITA, 1 Yr. Growth %	43.03	-13.98	95.57	65.49	-8.07
EBIT, 1 Yr. Growth %	43.03	-13.98	95.57	65.49	-8.07
Earnings From Cont. Operations, 1 Yr. Growth %	-5.83	0	189.38	45.87	6.71
Net Income, 1 Yr. Growth %	-5.83	0	189.38	45.87	6.71
Normalized Net Income, 1 Yr. Growth %	38.46	-10.68	99.04	60.58	-4.49
Diluted EPS Before Extra, 1 Yr. Growth %	-5.83	-0.93	98.2	45.55	6.93
Accounts Receivable, 1 Yr. Growth %	-2.13	-12.84	49.29	37.07	4.58
Inventory, 1 Yr. Growth %	4.88	35.48	18	62.55	3.41
Net Property, Plant and Equip., 1 Yr. Growth %	-2.57	-4.93	4.58	5.07	30.15
Total Assets, 1 Yr. Growth %	-1.78	12.78	13.16	26.53	11.08
Tangible Book Value, 1 Yr. Growth %	25.14	85.28	28.31	20.97	22.35
Common Equity, 1 Yr. Growth %	21.54	81.09	33.85	26.75	22.45
Cash From Operations, 1 Yr. Growth %	-	-	-88.84	150	725
Capital Expenditures, 1 Yr. Growth %	-	-	67.12	26.23	12.34
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-206.11	71.94	-88.33
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-202.67	73.11	-88.93
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-2.74	8.75	20.98	15.03
Gross Profit, 2 Yr. CAGR %	-	0.81	19.1	33.91	14.69
EBITDA, 2 Yr. CAGR %	-	-	-	59.64	17.77
EBITA, 2 Yr. CAGR %	-	10.92	29.7	79.9	23.35
EBIT, 2 Yr. CAGR %	-	10.92	29.7	79.9	23.35
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-2.96	70.11	105.46	24.76
Net Income, 2 Yr. CAGR %	-	-2.96	70.11	105.46	24.76
Normalized Net Income, 2 Yr. CAGR %	-	11.21	33.33	78.78	23.84
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-3.41	40.13	69.85	24.75
Accounts Receivable, 2 Yr. CAGR %	-	-7.64	14.07	43.05	19.73
Inventory, 2 Yr. CAGR %	-	19.2	26.44	38.5	29.65
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-3.75	-0.29	4.82	16.94
Total Assets, 2 Yr. CAGR %	-	5.25	12.97	19.65	18.55
Tangible Book Value, 2 Yr. CAGR %	-	52.27	54.18	24.59	21.66
Common Equity, 2 Yr. CAGR %	-	48.36	55.69	30.25	24.58
Cash From Operations, 2 Yr. CAGR %	-	-	-	-47.17	354.15
Capital Expenditures, 2 Yr. CAGR %	-	-	-	45.24	19.08
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	35.07	-55.21
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	33.32	-56.21
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	4.63	12.64	17.02
Gross Profit, 3 Yr. CAGR %	-	-	13.15	21.29	23.31
EBITDA, 3 Yr. CAGR %	-	-	-	-	33.16
EBITA, 3 Yr. CAGR %	-	-	34	40.68	43.83
EBIT, 3 Yr. CAGR %	-	-	34	40.68	43.83
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	39.68	61.61	65.15
Net Income, 3 Yr. CAGR %	-	-	39.68	61.61	65.15
Normalized Net Income, 3 Yr. CAGR %	-	-	35.02	41.86	45.06
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	22.74	41.91	45.57
Accounts Receivable, 3 Yr. CAGR %	-	-	8.39	21.27	28.87
Inventory, 3 Yr. CAGR %	-	-	18.8	37.48	25.65
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-1.05	1.47	12.67
Total Assets, 3 Yr. CAGR %	-	-	7.82	17.32	16.73
Tangible Book Value, 3 Yr. CAGR %	-	-	43.82	42.21	23.83
Common Equity, 3 Yr. CAGR %	-	-	43.36	45.38	27.6
Cash From Operations, 3 Yr. CAGR %	-	-	-	-	32.05
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	33.32
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	-40.29
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	-41.83
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	8.67
Gross Profit, 5 Yr. CAGR %	-	-	-	-	13.76
EBITA, 5 Yr. CAGR %	-	-	-	-	29.63
EBIT, 5 Yr. CAGR %	-	-	-	-	29.63
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	33.51
Net Income, 5 Yr. CAGR %	-	-	-	-	33.51
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	30.43
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	23.54
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	12.79
Inventory, 5 Yr. CAGR %	-	-	-	-	23.03
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	5.79
Total Assets, 5 Yr. CAGR %	-	-	-	-	11.99
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	34.51
Common Equity, 5 Yr. CAGR %	-	-	-	-	35.53