Cash flow Shikino High-Tech CO.,LTD.

Equities

6614

JP3348850003

Semiconductor Equipment & Testing

Market Closed - Japan Exchange Other stock markets 01:30:00 2025-12-16 am EST			5-day change	1st Jan Change
673.00 ^JPY	-0.44%		-1.90%	-34.66%

Jul. 18	Tranche Update on Shikino High-Tech CO.,LTD.'s Equity Buyback Plan announced on June 25, 2025.	CI
Jul. 14	Shikino High-Tech CO.,LTD.'s Equity Buyback announced on June 25, 2025 has closed with 40,000 shares, representing 0.9% for ¥34.45 million.	CI

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

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	4.42B	5.36B	6.48B	7.09B	6.52B
Total Revenues	4.42B	5.36B	6.48B	7.09B	6.52B
Cost of Goods Sold, Total	3.42B	3.93B	4.68B	5.21B	5.22B
Gross Profit	1B	1.43B	1.8B	1.88B	1.3B
Selling General & Admin Expenses, Total	704M	784M	828M	945M	932M
R&D Expenses	83M	235M	300M	322M	301M
Depreciation & Amortization - (IS)	11M	11M	10M	6M	6M
Other Operating Expenses, Total	798M	1.03B	1.14B	1.27B	1.24B
Operating Income	203M	397M	657M	604M	57M
Interest Expense, Total	-4M	-4M	-4M	-3M	-6M
Interest And Investment Income	2M	2M	2M	2M	2M
Net Interest Expenses	-2M	-2M	-2M	-1M	-4M
Currency Exchange Gains (Loss)	-1M	3M	1M	2M	-3M
Other Non Operating Income (Expenses)	9M	18M	12M	33M	6M
EBT, Excl. Unusual Items	209M	416M	668M	638M	56M
Gain (Loss) On Sale Of Investments	-	1M	-53M	-	8M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-4M	-2M	-	-150M
Other Unusual Items	-	-	-	-	0
EBT, Incl. Unusual Items	209M	413M	613M	638M	-86M
Income Tax Expense	96M	86M	136M	129M	-72M
Earnings From Continuing Operations	113M	327M	477M	509M	-14M
Net Income to Company	113M	327M	477M	509M	-14M
Net Income - (IS)	113M	327M	477M	509M	-14M
Net Income to Common Incl Extra Items	113M	327M	477M	509M	-14M
Net Income to Common Excl. Extra Items	113M	327M	477M	509M	-14M
Per Share Items
Net EPS - Basic	37.31	75.24	107.98	115.11	-3.16
Basic EPS - Continuing Operations	37.31	75.24	107.98	115.11	-3.16
Basic Weighted Average Shares Outstanding	3.03M	4.35M	4.42M	4.42M	4.42M
Net EPS - Diluted	37.31	73.96	107.65	115.11	-3.16
Diluted EPS - Continuing Operations	37.31	73.96	107.65	115.11	-3.16
Diluted Weighted Average Shares Outstanding	3.03M	4.42M	4.43M	4.42M	4.42M
Normalized Basic EPS	43.14	59.83	94.51	90.18	7.91
Normalized Diluted EPS	43.14	58.81	94.22	90.18	7.91
Payout Ratio	-	-	9.01	12.97	-471.43
Supplemental Items
EBITDA	299M	509M	762M	706M	204M
EBITA	203M	397M	657M	604M	57M
EBIT	203M	397M	657M	604M	57M
Effective Tax Rate - (Ratio)	45.93	20.82	22.19	20.22	83.72
Normalized Net Income	131M	260M	418M	399M	35M
Non-Cash Pension Expense	28M	32M	32M	34M	39M
Supplemental Operating Expense Items
General and Administrative Expenses	121M	123M	112M	114M	114M
Research And Development Expense From Footnotes	83M	235M	300M	322M	301M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	576M	528M	529M	508M	557M
Total Cash And Short Term Investments	576M	528M	529M	508M	557M
Accounts Receivable, Total	842M	1.26B	1.72B	1.8B	1.36B
Total Receivables	842M	1.26B	1.72B	1.8B	1.36B
Inventory	611M	721M	1.17B	1.21B	1.05B
Prepaid Expenses	25M	27M	32M	45M	48M
Other Current Assets, Total	64M	115M	165M	270M	532M
Total Current Assets	2.12B	2.65B	3.62B	3.84B	3.55B
Net Property Plant And Equipment	830M	868M	912M	1.19B	1.04B
Long-term Investments	318M	127M	87M	141M	128M
Other Intangibles, Total	18M	91M	205M	253M	263M
Deferred Tax Assets Long-Term	327M	355M	351M	334M	438M
Deferred Charges Long-Term	5M	3M	1M	-	-
Other Long-Term Assets, Total	2M	2M	3M	2M	2M
Total Assets	3.62B	4.09B	5.18B	5.75B	5.41B
Liabilities
Accounts Payable, Total	332M	434M	694M	513M	464M
Accrued Expenses, Total	287M	353M	390M	470M	392M
Short-term Borrowings	301M	121M	152M	256M	200M
Current Portion of Long-Term Debt	91M	99M	159M	116M	139M
Current Portion of Leases	7M	2M	-	5M	6M
Current Income Taxes Payable	230M	270M	342M	424M	184M
Other Current Liabilities	112M	118M	157M	209M	183M
Total Current Liabilities	1.36B	1.4B	1.89B	1.99B	1.57B
Long-Term Debt	195M	188M	293M	178M	315M
Long-Term Leases	2M	-	-	28M	23M
Pension & Other Post Retirement Benefits	747M	782M	830M	894M	923M
Other Non Current Liabilities	88M	86M	83M	114M	113M
Total Liabilities	2.39B	2.45B	3.1B	3.21B	2.94B
Common Stock, Total	376M	420M	421M	421M	421M
Additional Paid In Capital	307M	351M	352M	352M	352M
Retained Earnings	540M	869M	1.3B	1.74B	1.66B
Comprehensive Income and Other	3M	1M	5M	34M	38M
Total Common Equity	1.23B	1.64B	2.08B	2.55B	2.47B
Total Equity	1.23B	1.64B	2.08B	2.55B	2.47B
Total Liabilities And Equity	3.62B	4.09B	5.18B	5.75B	5.41B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.11M	4.39M	4.42M	4.43M	4.42M
ECS Total Common Shares Outstanding	3.11M	4.39M	4.42M	4.43M	4.42M
Book Value / Share	393.82	373.91	470.18	575.49	558.44
Tangible Book Value	1.21B	1.55B	1.88B	2.29B	2.21B
Tangible Book Value Per Share	388.04	353.17	423.84	518.33	498.98
Total Debt	596M	410M	604M	583M	683M
Net Debt	20M	-118M	75M	75M	126M
Debt Equivalent of Unfunded Proj. Benefit Obligation	805M	813M	858M	924M	967M
Inventories - Raw Materials, Total	409M	485M	797M	765M	679M
Inventories - Work In Process, Total	58M	114M	172M	175M	215M
Inventories - Finished Goods, Total	142M	122M	202M	271M	158M
Inventories - Others	2M	-	1M	1M	1M
Full Time Employees	345	359	370	448	455
Order Backlog	1.35B	2.07B	2.83B	2.13B	2.33B

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	209M	413M	613M	639M	-87M
Depreciation & Amortization - CF	96M	112M	105M	102M	147M
Depreciation & Amortization, Total	96M	112M	105M	102M	147M
(Gain) Loss From Sale Of Asset	-	4M	2M	-	150M
(Gain) Loss on Sale of Investments - (CF)	-	-1M	52M	-	-8M
Other Operating Activities, Total	-96M	-146M	-119M	-150M	-111M
Change In Accounts Receivable	125M	-479M	-473M	-162M	132M
Change In Inventories	-158M	-117M	-451M	-5M	159M
Change In Accounts Payable	3M	102M	259M	-181M	-48M
Change in Other Net Operating Assets	36M	136M	72M	252M	-137M
Cash from Operations	215M	24M	60M	495M	197M
Capital Expenditure	-73M	-122M	-154M	-173M	-96M
Sale (Purchase) of Intangible assets	-3M	-28M	-64M	-132M	-106M
Investment in Marketable and Equity Securities, Total	38M	2M	-15M	-	13M
Other Investing Activities, Total	-	193M	3M	-52M	1M
Cash from Investing	-38M	45M	-230M	-357M	-188M
Short Term Debt Issued, Total	-	-	50M	100M	-
Long-Term Debt Issued, Total	-	100M	300M	-	300M
Total Debt Issued	-	100M	350M	100M	300M
Short Term Debt Repaid, Total	-50M	-200M	-	-	-50M
Long-Term Debt Repaid, Total	-132M	-99M	-135M	-158M	-141M
Total Debt Repaid	-182M	-299M	-135M	-158M	-191M
Issuance of Common Stock	407M	87M	2M	-	-
Repurchase of Common Stock	-	-	-	-33M	-
Common Dividends Paid	-	-	-43M	-66M	-66M
Common & Preferred Stock Dividends Paid	-	-	-43M	-66M	-66M
Other Financing Activities, Total	-11M	-6M	-4M	-1M	-4M
Cash from Financing	214M	-118M	170M	-158M	39M
Miscellaneous Cash Flow Adjustments	-	2M	1M	-1M	-
Net Change in Cash	391M	-47M	1M	-21M	48M
Supplemental Items
Cash Interest Paid	5M	3M	4M	3M	6M
Cash Income Tax Paid (Refund)	95M	148M	121M	150M	110M
Levered Free Cash Flow	147M	-156M	-269M	-31.38M	-76.12M
Unlevered Free Cash Flow	150M	-154M	-266M	-29.5M	-72.38M
Change In Net Working Capital	-3M	364M	564M	204M	53M
Net Debt Issued / Repaid	-182M	-199M	215M	-58M	109M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.72	6.43	8.86	6.9	0.64
Return on Total Capital	7.65	12.81	17.34	12.99	1.13
Return On Equity %	11.88	22.81	25.64	22	-0.56
Return on Common Equity	11.88	22.81	25.64	22	-0.56
Margin Analysis
Gross Profit Margin %	22.62	26.63	27.72	26.47	19.89
SG&A Margin	15.91	14.63	12.79	13.33	14.3
EBITDA Margin %	6.76	9.5	11.77	9.96	3.13
EBITA Margin %	4.59	7.41	10.15	8.52	0.87
EBIT Margin %	4.59	7.41	10.15	8.52	0.87
Income From Continuing Operations Margin %	2.55	6.1	7.37	7.18	-0.21
Net Income Margin %	2.55	6.1	7.37	7.18	-0.21
Net Avail. For Common Margin %	2.55	6.1	7.37	7.18	-0.21
Normalized Net Income Margin	2.95	4.85	6.45	5.62	0.54
Levered Free Cash Flow Margin	3.33	-2.92	-4.15	-0.44	-1.17
Unlevered Free Cash Flow Margin	3.39	-2.87	-4.11	-0.42	-1.11
Asset Turnover
Asset Turnover	1.3	1.39	1.4	1.3	1.17
Fixed Assets Turnover	5.2	6.31	7.28	6.76	5.86
Receivables Turnover (Average Receivables)	4.89	5.11	4.35	4.02	4.13
Inventory Turnover (Average Inventory)	6.45	5.9	4.95	4.37	4.61
Short Term Liquidity
Current Ratio	1.56	1.9	1.91	1.93	2.26
Quick Ratio	1.04	1.28	1.19	1.16	1.22
Operating Cash Flow to Current Liabilities	0.16	0.02	0.03	0.25	0.13
Days Sales Outstanding (Average Receivables)	74.57	71.48	83.98	90.97	88.45
Days Outstanding Inventory (Average Inventory)	56.6	61.82	73.8	83.67	79.19
Average Days Payable Outstanding	33.56	34.59	40.11	42.04	35.23
Cash Conversion Cycle (Average Days)	97.61	98.72	117.67	132.6	132.41
Long Term Solvency
Total Debt/Equity	48.61	24.98	29.04	22.89	27.65
Total Debt / Total Capital	32.71	19.99	22.5	18.63	21.66
LT Debt/Equity	16.07	11.46	14.09	8.09	13.68
Long-Term Debt / Total Capital	10.81	9.17	10.92	6.58	10.72
Total Liabilities / Total Assets	66.11	59.92	59.85	55.74	54.36
EBIT / Interest Expense	50.75	99.25	164.25	201.33	9.5
EBITDA / Interest Expense	74.75	127.25	190.5	235.33	34
(EBITDA - Capex) / Interest Expense	56.5	96.75	152	177.67	18
Total Debt / EBITDA	1.99	0.81	0.79	0.83	3.35
Net Debt / EBITDA	0.07	-0.23	0.1	0.11	0.62
Total Debt / (EBITDA - Capex)	2.64	1.06	0.99	1.09	6.32
Net Debt / (EBITDA - Capex)	0.09	-0.3	0.12	0.14	1.17
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-2.34	21.11	20.84	9.5	-8.11
Gross Profit, 1 Yr. Growth %	-0.5	42.56	25.79	4.57	-30.95
EBITDA, 1 Yr. Growth %	-	70.23	49.71	-7.35	-71.1
EBITA, 1 Yr. Growth %	-13.98	95.57	65.49	-8.07	-90.56
EBIT, 1 Yr. Growth %	-13.98	95.57	65.49	-8.07	-90.56
Earnings From Cont. Operations, 1 Yr. Growth %	0	189.38	45.87	6.71	-102.75
Net Income, 1 Yr. Growth %	0	189.38	45.87	6.71	-102.75
Normalized Net Income, 1 Yr. Growth %	-10.68	99.04	60.58	-4.49	-91.22
Diluted EPS Before Extra, 1 Yr. Growth %	-0.93	98.2	45.55	6.93	-102.75
Accounts Receivable, 1 Yr. Growth %	-12.84	49.29	37.07	4.58	-24.75
Inventory, 1 Yr. Growth %	35.48	18	62.55	3.41	-13.12
Net Property, Plant and Equip., 1 Yr. Growth %	-4.93	4.58	5.07	30.15	-12.81
Total Assets, 1 Yr. Growth %	12.78	13.16	26.53	11.08	-5.94
Tangible Book Value, 1 Yr. Growth %	85.28	28.31	20.97	22.35	-3.79
Common Equity, 1 Yr. Growth %	81.09	33.85	26.75	22.45	-3.02
Cash From Operations, 1 Yr. Growth %	-	-88.84	150	725	-60.2
Capital Expenditures, 1 Yr. Growth %	-	67.12	26.23	12.34	-44.51
Levered Free Cash Flow, 1 Yr. Growth %	-	-206.11	71.94	-88.33	142.63
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-202.67	73.11	-88.93	145.34
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-2.74	8.75	20.98	15.03	0.31
Gross Profit, 2 Yr. CAGR %	0.81	19.1	33.91	14.69	-15.03
EBITDA, 2 Yr. CAGR %	-	-	59.64	17.77	-48.26
EBITA, 2 Yr. CAGR %	10.92	29.7	79.9	23.35	-70.55
EBIT, 2 Yr. CAGR %	10.92	29.7	79.9	23.35	-70.55
Earnings From Cont. Operations, 2 Yr. CAGR %	-2.96	70.11	105.46	24.76	-82.87
Net Income, 2 Yr. CAGR %	-2.96	70.11	105.46	24.76	-82.87
Normalized Net Income, 2 Yr. CAGR %	11.21	33.33	78.78	23.84	-71.05
Diluted EPS Before Extra, 2 Yr. CAGR %	-3.41	40.13	69.85	24.75	-82.85
Accounts Receivable, 2 Yr. CAGR %	-7.64	14.07	43.05	19.73	-11.29
Inventory, 2 Yr. CAGR %	19.2	26.44	38.5	29.65	-5.21
Net Property, Plant and Equip., 2 Yr. CAGR %	-3.75	-0.29	4.82	16.94	6.53
Total Assets, 2 Yr. CAGR %	5.25	12.97	19.65	18.55	2.21
Tangible Book Value, 2 Yr. CAGR %	52.27	54.18	24.59	21.66	8.49
Common Equity, 2 Yr. CAGR %	48.36	55.69	30.25	24.58	8.97
Cash From Operations, 2 Yr. CAGR %	-	-	-47.17	354.15	81.2
Capital Expenditures, 2 Yr. CAGR %	-	-	45.24	19.08	-21.05
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	35.07	-55.21	-46.79
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	33.32	-56.21	-47.87
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	4.63	12.64	17.02	6.73
Gross Profit, 3 Yr. CAGR %	-	13.15	21.29	23.31	-3.16
EBITDA, 3 Yr. CAGR %	-	-	-	33.16	-26.27
EBITA, 3 Yr. CAGR %	-	34	40.68	43.83	-47.64
EBIT, 3 Yr. CAGR %	-	34	40.68	43.83	-47.64
Earnings From Cont. Operations, 3 Yr. CAGR %	-	39.68	61.61	65.15	-65.02
Net Income, 3 Yr. CAGR %	-	39.68	61.61	65.15	-65.02
Normalized Net Income, 3 Yr. CAGR %	-	35.02	41.86	45.06	-48.75
Diluted EPS Before Extra, 3 Yr. CAGR %	-	22.74	41.91	45.57	-65.02
Accounts Receivable, 3 Yr. CAGR %	-	8.39	21.27	28.87	2.56
Inventory, 3 Yr. CAGR %	-	18.8	37.48	25.65	13.46
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-1.05	1.47	12.67	6.04
Total Assets, 3 Yr. CAGR %	-	7.82	17.32	16.73	9.75
Tangible Book Value, 3 Yr. CAGR %	-	43.82	42.21	23.83	12.5
Common Equity, 3 Yr. CAGR %	-	43.36	45.38	27.6	14.6
Cash From Operations, 3 Yr. CAGR %	-	-	-	32.05	101.72
Capital Expenditures, 3 Yr. CAGR %	-	-	-	33.32	-7.68
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-40.29	-21.33
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-41.83	-22.23
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	8.67	7.54
Gross Profit, 5 Yr. CAGR %	-	-	-	13.76	5.2
EBITA, 5 Yr. CAGR %	-	-	-	29.63	-24.74
EBIT, 5 Yr. CAGR %	-	-	-	29.63	-24.74
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	33.51	-34.14
Net Income, 5 Yr. CAGR %	-	-	-	33.51	-34.14
Normalized Net Income, 5 Yr. CAGR %	-	-	-	30.43	-24.87
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	23.54	-39.06
Accounts Receivable, 5 Yr. CAGR %	-	-	-	12.79	7.02
Inventory, 5 Yr. CAGR %	-	-	-	23.03	18.48
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	5.79	3.46
Total Assets, 5 Yr. CAGR %	-	-	-	11.99	11.03
Tangible Book Value, 5 Yr. CAGR %	-	-	-	34.51	27.62
Common Equity, 5 Yr. CAGR %	-	-	-	35.53	29.55