Cash flow Sagami Rubber Industries Co., Ltd.

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5194

JP3316000003

Personal Products

Market Closed - Japan Exchange 04:30:00 21/08/26 pm AEST			5-day change	1st Jan Change
630.00 ^JPY	-1.41%		-1.87%	-14.17%

06/01	Sagami Rubber Industries Co., Ltd. announces Annual dividend, payable on June 27, 2026	CI
01/09/23	Oasis Management Company Ltd. acquired 9.77% stake in Sagami Rubber Industries Co., Ltd..	CI

582606e28f975e9f7b4.EhZ_UeNApLjDVp_EENC1Q2FTyayJWWmeV3O_0IIYS5Q.Qn0XJNZtzPCkHLKtYqnzNhcxpMncEF_3FgPyk-UpKP9wQCY0qgzM3YUd0g

Published financial data: SAGAMI RUBBER INDUSTRIES CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	5.41B	5.98B	6.11B	5.69B	5.91B
Total Revenues	5.41B	5.98B	6.11B	5.69B	5.91B
Cost of Goods Sold, Total	3.18B	4.09B	4.29B	4.22B	4.35B
Gross Profit	2.24B	1.89B	1.82B	1.47B	1.56B
Selling General & Admin Expenses, Total	1.15B	1.24B	1.38B	1.51B	1.4B
Provision for Bad Debts	-	-11M	8M	-12M	-15M
Other Operating Expenses, Total	1.15B	1.23B	1.39B	1.5B	1.38B
Operating Income	1.09B	661M	436M	-34M	181M
Interest Expense, Total	-41M	-84M	-127M	-138M	-123M
Interest And Investment Income	19M	21M	21M	25M	34M
Net Interest Expenses	-22M	-63M	-106M	-113M	-89M
Income (Loss) On Equity Invest.	-3M	-1M	-11M	-8M	-10M
Currency Exchange Gains (Loss)	375M	434M	147M	666M	488M
Other Non Operating Income (Expenses)	18M	16M	-86M	4M	9M
EBT, Excl. Unusual Items	1.46B	1.05B	380M	515M	579M
Gain (Loss) On Sale Of Investments	-	-	-	-4M	-19M
Gain (Loss) On Sale Of Assets	7M	8M	-24M	109M	73M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-5M	-	-	2M	-32M
EBT, Incl. Unusual Items	1.46B	1.06B	356M	622M	601M
Income Tax Expense	349M	383M	355M	245M	342M
Earnings From Continuing Operations	1.11B	672M	1M	377M	259M
Net Income to Company	1.11B	672M	1M	377M	259M
Minority Interest	-12M	1M	39M	15M	24M
Net Income - (IS)	1.1B	673M	40M	392M	283M
Net Income to Common Incl Extra Items	1.1B	673M	40M	392M	283M
Net Income to Common Excl. Extra Items	1.1B	673M	40M	392M	283M
Per Share Items
Net EPS - Basic	101.04	61.99	3.68	36.11	26.07
Basic EPS - Continuing Operations	101.04	61.99	3.68	36.11	26.07
Basic Weighted Average Shares Outstanding	10.86M	10.86M	10.86M	10.86M	10.86M
Net EPS - Diluted	101.04	61.99	3.68	36.11	26.07
Diluted EPS - Continuing Operations	101.04	61.99	3.68	36.11	26.07
Diluted Weighted Average Shares Outstanding	10.86M	10.86M	10.86M	10.86M	10.86M
Normalized Basic EPS	82.71	60.37	25.47	31.03	35.54
Normalized Diluted EPS	82.71	60.37	25.47	31.03	35.54
Dividend Per Share	10	10	10	10	10
Payout Ratio	9.84	16.05	270	27.81	38.16
Supplemental Items
EBITDA	1.58B	1.27B	1.09B	672M	902M
EBITA	1.09B	661M	436M	-34M	181M
EBIT	1.09B	661M	436M	-34M	181M
Effective Tax Rate - (Ratio)	23.94	36.3	99.72	39.39	56.91
Normalized Net Income	898M	655M	276M	337M	386M
Non-Cash Pension Expense	26.91M	40.97M	2.94M	70.4M	24.93M
Supplemental Operating Expense Items
Advertising Expense	62M	79M	75M	103M	73M
Selling and Marketing Expenses	233M	270M	263M	292M	247M
Research And Development Expense From Footnotes	80M	97M	181M	101M	85M

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	1.53B	1.85B	1.19B	1.93B	1.74B
Total Cash And Short Term Investments	1.53B	1.85B	1.19B	1.93B	1.74B
Accounts Receivable, Total	1.86B	2.13B	2.43B	1.82B	1.84B
Total Receivables	1.86B	2.13B	2.43B	1.82B	1.84B
Inventory	1.93B	2.12B	2.19B	2.43B	2.45B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	240M	102M	22M	65M	46M
Total Current Assets	5.56B	6.19B	5.83B	6.25B	6.08B
Net Property Plant And Equipment	10.73B	11.19B	10.91B	11.3B	11.62B
Long-term Investments	565M	621M	934M	1.08B	1.44B
Other Intangibles, Total	13M	10M	7M	6M	17M
Deferred Tax Assets Long-Term	159M	133M	29M	-	-
Other Long-Term Assets, Total	2M	1M	2M	1M	2M
Total Assets	17.04B	18.15B	17.72B	18.64B	19.15B
Liabilities
Accounts Payable, Total	505M	456M	599M	426M	395M
Accrued Expenses, Total	76M	74M	77M	81M	74M
Short-term Borrowings	5.28B	5.45B	5.32B	5.52B	5.25B
Current Income Taxes Payable	155M	220M	161M	102M	192M
Other Current Liabilities	364M	517M	556M	714M	695M
Total Current Liabilities	6.38B	6.72B	6.72B	6.84B	6.6B
Long-Term Debt	1.22B	952M	420M	140M	-
Pension & Other Post Retirement Benefits	507M	519M	467M	521M	499M
Deferred Tax Liability Non Current	-	-	-	8M	140M
Other Non Current Liabilities	11M	9M	11M	12M	23M
Total Liabilities	8.12B	8.2B	7.61B	7.52B	7.27B
Common Stock, Total	547M	547M	547M	547M	547M
Additional Paid In Capital	676M	676M	676M	676M	676M
Retained Earnings	8B	8.56B	8.5B	8.78B	8.95B
Treasury Stock	-35M	-35M	-36M	-36M	-36M
Comprehensive Income and Other	-529M	-93M	162M	871M	1.46B
Total Common Equity	8.66B	9.66B	9.84B	10.84B	11.6B
Minority Interest	266M	289M	258M	279M	280M
Total Equity	8.92B	9.95B	10.1B	11.12B	11.88B
Total Liabilities And Equity	17.04B	18.15B	17.72B	18.64B	19.15B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	10.86M	10.86M	10.86M	10.86M	10.86M
ECS Total Common Shares Outstanding	10.86M	10.86M	10.86M	10.86M	10.86M
Book Value / Share	797.36	889.57	906.74	998.21	1.07K
Tangible Book Value	8.64B	9.65B	9.84B	10.83B	11.59B
Tangible Book Value Per Share	796.17	888.65	906.09	997.66	1.07K
Total Debt	6.5B	6.41B	5.74B	5.66B	5.25B
Net Debt	4.97B	4.56B	4.55B	3.72B	3.51B
Debt Equivalent of Unfunded Proj. Benefit Obligation	83.36M	74.95M	30.42M	51.74M	40.72M
Minority Interest, Total (Incl. Fin. Div)	266M	289M	258M	279M	280M
Inventories - Raw Materials, Total	806M	926M	857M	775M	820M
Inventories - Work In Process, Total	661M	645M	664M	821M	769M
Inventories - Finished Goods, Total	462M	545M	664M	838M	863M
Inventories - Others	2M	1M	2M	-	-
Full Time Employees	796	809	854	790	737
Accumulated Allowance for Doubtful Accounts (Supple)	32M	21M	30M	18M	3M

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	1.46B	1.06B	357M	622M	601M
Depreciation & Amortization - CF	497M	613M	658M	706M	721M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	497M	613M	658M	706M	721M
(Gain) Loss From Sale Of Asset	-	-	32M	-102M	-63M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	19M
(Income) Loss On Equity Investments - (CF)	3M	1M	11M	8M	10M
Other Operating Activities, Total	-364M	-312M	-398M	-315M	-227M
Change In Accounts Receivable	188M	-225M	-303M	694M	-12M
Change In Inventories	-389M	-48M	-17M	-16M	149M
Change In Accounts Payable	-297M	-505M	11M	-532M	-370M
Change in Other Net Operating Assets	-193M	319M	22M	-275M	-241M
Cash from Operations	905M	898M	373M	790M	587M
Capital Expenditure	-673M	-186M	-130M	-97M	-122M
Sale of Property, Plant, and Equipment	-	-	-	538M	180M
Cash Acquisitions	-	-	-	-2M	-
Sale (Purchase) of Intangible assets	-1M	-	-1M	-1M	-11M
Investment in Marketable and Equity Securities, Total	-1M	-1M	-1M	11M	-41M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	3M	-	-11M	-
Other Investing Activities, Total	-	-	-1M	-	-
Cash from Investing	-675M	-184M	-133M	438M	6M
Short Term Debt Issued, Total	502M	-	-	170M	-
Long-Term Debt Issued, Total	530M	498M	-	-	-
Total Debt Issued	1.03B	498M	-	170M	-
Short Term Debt Repaid, Total	-	-	-	-	-370M
Long-Term Debt Repaid, Total	-1.11B	-811M	-797M	-563M	-328M
Total Debt Repaid	-1.11B	-811M	-797M	-563M	-698M
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-108M	-108M	-108M	-109M	-108M
Common & Preferred Stock Dividends Paid	-108M	-108M	-108M	-109M	-108M
Other Financing Activities, Total	-1M	-1M	-1M	-1M	-1M
Cash from Financing	-189M	-422M	-906M	-503M	-807M
Foreign Exchange Rate Adjustments	17M	26M	8M	14M	19M
Miscellaneous Cash Flow Adjustments	-2M	-	1M	-	1M
Net Change in Cash	56M	318M	-657M	739M	-194M
Supplemental Items
Cash Interest Paid	47M	84M	129M	134M	122M
Cash Income Tax Paid (Refund)	359M	310M	395M	320M	226M
Levered Free Cash Flow	21.38M	644M	549M	754M	632M
Unlevered Free Cash Flow	47M	696M	628M	841M	709M
Change In Net Working Capital	456M	144M	171M	-254M	-8M
Net Debt Issued / Repaid	-80M	-313M	-797M	-393M	-698M

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	4.15	2.35	1.52	-0.12	0.6
Return on Total Capital	4.62	2.6	1.69	-0.13	0.67
Return On Equity %	13.45	7.12	0.01	3.55	2.25
Return on Common Equity	13.72	7.35	0.41	3.79	2.52
Margin Analysis
Gross Profit Margin %	41.36	31.62	29.86	25.81	26.46
SG&A Margin	21.26	20.76	22.59	26.62	23.65
EBITDA Margin %	29.28	21.29	17.9	11.82	15.26
EBITA Margin %	20.1	11.05	7.13	-0.6	3.06
EBIT Margin %	20.1	11.05	7.13	-0.6	3.06
Income From Continuing Operations Margin %	20.48	11.23	0.02	6.63	4.38
Net Income Margin %	20.26	11.25	0.65	6.89	4.79
Net Avail. For Common Margin %	20.26	11.25	0.65	6.89	4.79
Normalized Net Income Margin	16.59	10.95	4.52	5.92	6.53
Levered Free Cash Flow Margin	0.39	10.76	8.98	13.27	10.7
Unlevered Free Cash Flow Margin	0.87	11.63	10.28	14.78	12
Asset Turnover
Asset Turnover	0.33	0.34	0.34	0.31	0.31
Fixed Assets Turnover	0.53	0.55	0.55	0.51	0.52
Receivables Turnover (Average Receivables)	2.78	3	2.68	2.67	3.23
Inventory Turnover (Average Inventory)	1.81	2.02	1.99	1.83	1.78
Short Term Liquidity
Current Ratio	0.87	0.92	0.87	0.91	0.92
Quick Ratio	0.53	0.59	0.54	0.55	0.54
Operating Cash Flow to Current Liabilities	0.14	0.13	0.06	0.12	0.09
Days Sales Outstanding (Average Receivables)	131.06	121.66	136.5	136.45	113.12
Days Outstanding Inventory (Average Inventory)	201.24	180.54	183.73	199.89	205.13
Average Days Payable Outstanding	47.02	41	44.31	41.89	34.33
Cash Conversion Cycle (Average Days)	285.28	261.2	275.92	294.45	283.93
Long Term Solvency
Total Debt/Equity	72.81	64.4	56.85	50.87	44.17
Total Debt / Total Capital	42.13	39.17	36.24	33.72	30.64
LT Debt/Equity	13.63	9.57	4.16	1.26	-
Long-Term Debt / Total Capital	7.89	5.82	2.65	0.83	-
Total Liabilities / Total Assets	47.63	45.19	42.98	40.35	37.95
EBIT / Interest Expense	26.54	7.87	3.43	-0.25	1.47
EBITDA / Interest Expense	38.66	15.17	8.61	4.87	7.33
(EBITDA - Capex) / Interest Expense	22.24	12.95	7.59	4.17	6.34
Total Debt / EBITDA	4.1	5.03	5.25	8.42	5.82
Net Debt / EBITDA	3.13	3.58	4.16	5.54	3.89
Total Debt / (EBITDA - Capex)	7.12	5.89	5.96	9.83	6.73
Net Debt / (EBITDA - Capex)	5.45	4.19	4.72	6.47	4.5
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-3.08	10.53	2.14	-6.95	3.94
Gross Profit, 1 Yr. Growth %	-7.71	-15.5	-3.54	-19.56	6.54
EBITDA, 1 Yr. Growth %	-0.81	-19.62	-14.13	-38.57	34.23
EBITA, 1 Yr. Growth %	-7.17	-39.25	-34.04	-107.8	-632.35
EBIT, 1 Yr. Growth %	-7.17	-39.25	-34.04	-107.8	-632.35
Earnings From Cont. Operations, 1 Yr. Growth %	88.93	-39.4	-99.85	37.6K	-31.3
Net Income, 1 Yr. Growth %	83.44	-38.65	-94.06	880	-27.81
Normalized Net Income, 1 Yr. Growth %	38.87	-27.02	-57.81	21.84	14.55
Diluted EPS Before Extra, 1 Yr. Growth %	83.44	-38.65	-94.06	880	-27.81
Accounts Receivable, 1 Yr. Growth %	-8	14.12	14.44	-25.24	1.43
Inventory, 1 Yr. Growth %	22.99	9.63	3.31	11.29	0.74
Net Property, Plant and Equip., 1 Yr. Growth %	9.02	4.24	-2.49	3.59	2.79
Total Assets, 1 Yr. Growth %	8.39	6.51	-2.38	5.19	2.77
Tangible Book Value, 1 Yr. Growth %	18.1	11.61	1.96	10.1	6.98
Common Equity, 1 Yr. Growth %	18.04	11.56	1.93	10.09	7.08
Cash From Operations, 1 Yr. Growth %	-35.63	-0.77	-58.46	111.8	-25.7
Capital Expenditures, 1 Yr. Growth %	-68.65	-72.36	-30.11	-25.38	25.77
Levered Free Cash Flow, 1 Yr. Growth %	-102.27	2.91K	-14.68	37.4	-16.2
Unlevered Free Cash Flow, 1 Yr. Growth %	-105.13	1.38K	-9.71	33.77	-15.66
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-9.17	3.5	6.25	-2.51	-1.66
Gross Profit, 2 Yr. CAGR %	-10.19	-11.69	-9.72	-11.91	-7.43
EBITDA, 2 Yr. CAGR %	-4.75	-10.71	-16.92	-27.37	-9.2
EBITA, 2 Yr. CAGR %	-8.41	-24.9	-36.7	-77.32	-35.57
EBIT, 2 Yr. CAGR %	-8.38	-24.9	-36.7	-77.32	-35.57
Earnings From Cont. Operations, 2 Yr. CAGR %	10.88	7	-97	-25.1	1.51K
Net Income, 2 Yr. CAGR %	10.28	6.09	-80.9	-23.68	165.99
Normalized Net Income, 2 Yr. CAGR %	4.05	0.67	-44.51	-28.3	18.13
Diluted EPS Before Extra, 2 Yr. CAGR %	10.28	6.09	-80.9	-23.68	165.99
Accounts Receivable, 2 Yr. CAGR %	-12.28	2.46	14.28	-7.5	-12.92
Inventory, 2 Yr. CAGR %	13.27	16.12	6.42	7.23	5.89
Net Property, Plant and Equip., 2 Yr. CAGR %	4.3	6.6	0.82	0.5	3.19
Total Assets, 2 Yr. CAGR %	2.75	7.45	1.97	1.33	3.97
Tangible Book Value, 2 Yr. CAGR %	11.6	14.81	6.68	5.95	8.53
Common Equity, 2 Yr. CAGR %	11.62	14.76	6.64	5.93	8.57
Cash From Operations, 2 Yr. CAGR %	-14.19	-20.08	-35.8	-6.21	25.45
Capital Expenditures, 2 Yr. CAGR %	4.87	-70.57	-56.05	-27.78	-3.13
Levered Free Cash Flow, 2 Yr. CAGR %	-80.33	-17.41	406.85	8.27	7.3
Unlevered Free Cash Flow, 2 Yr. CAGR %	-71.73	-12.8	265.68	9.9	6.22
Dividend Per Share, 2 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-4.71	-3.03	3.05	1.65	-0.41
Gross Profit, 3 Yr. CAGR %	-5.32	-12	-9.05	-13.13	-6.15
EBITDA, 3 Yr. CAGR %	0.83	-9.99	-11.87	-24.88	-10.87
EBITA, 3 Yr. CAGR %	-1.05	-20.12	-28.08	-68.5	-35.06
EBIT, 3 Yr. CAGR %	-1.02	-20.1	-28.08	-68.5	-35.06
Earnings From Cont. Operations, 3 Yr. CAGR %	27.58	-9.35	-88.06	-30.21	-27.23
Net Income, 3 Yr. CAGR %	25.65	-9.3	-59.41	-29.04	-25.08
Normalized Net Income, 3 Yr. CAGR %	15.34	-7.55	-24.66	-27.88	-16.19
Diluted EPS Before Extra, 3 Yr. CAGR %	25.65	-9.3	-59.41	-29.04	-25.08
Accounts Receivable, 3 Yr. CAGR %	-10.29	-4.24	6.31	-0.79	-4.62
Inventory, 3 Yr. CAGR %	13.12	12.05	11.68	8.02	5.02
Net Property, Plant and Equip., 3 Yr. CAGR %	8.65	4.28	3.48	1.73	1.26
Total Assets, 3 Yr. CAGR %	6.39	3.99	4.07	3.03	1.81
Tangible Book Value, 3 Yr. CAGR %	11.4	11.6	10.36	7.81	6.29
Common Equity, 3 Yr. CAGR %	11.37	11.6	10.31	7.77	6.31
Cash From Operations, 3 Yr. CAGR %	-2.65	-9.93	-35.74	-4.43	-13.21
Capital Expenditures, 3 Yr. CAGR %	-38.63	-32.77	-60.73	-47.57	-13.11
Levered Free Cash Flow, 3 Yr. CAGR %	-78.27	5.23	-16.51	228.03	-0.59
Unlevered Free Cash Flow, 3 Yr. CAGR %	-71.55	5.79	-11.78	161.53	0.62
Dividend Per Share, 3 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.06	0.25	-0.47	-2.82	1.14
Gross Profit, 5 Yr. CAGR %	-5.03	-7.58	-7.1	-11.96	-8.41
EBITDA, 5 Yr. CAGR %	-3.47	-5.94	-6.68	-17.39	-10.81
EBITA, 5 Yr. CAGR %	-8.1	-14.87	-17.24	-51.73	-31.17
EBIT, 5 Yr. CAGR %	-8.1	-14.87	-17.23	-51.72	-31.17
Earnings From Cont. Operations, 5 Yr. CAGR %	-0.57	-12.98	-71.53	-16.01	-15.1
Net Income, 5 Yr. CAGR %	-0.29	-12.44	-40.86	-15.35	-13.9
Normalized Net Income, 5 Yr. CAGR %	-0.71	-9.16	-13.93	-16.49	-9.81
Diluted EPS Before Extra, 5 Yr. CAGR %	-0.28	-12.44	-40.86	-15.35	-13.9
Accounts Receivable, 5 Yr. CAGR %	-1.27	-3.35	-1.17	-5.56	-1.84
Inventory, 5 Yr. CAGR %	13.93	12.65	10.39	10.09	9.33
Net Property, Plant and Equip., 5 Yr. CAGR %	18.77	7.7	5.45	2.75	3.36
Total Assets, 5 Yr. CAGR %	11.04	3.56	4.6	2.92	4.03
Tangible Book Value, 5 Yr. CAGR %	13.33	9.97	9.48	9.31	9.62
Common Equity, 5 Yr. CAGR %	13.34	9.97	9.45	9.29	9.61
Cash From Operations, 5 Yr. CAGR %	-4.61	2.52	-17.58	-8.46	-16.03
Capital Expenditures, 5 Yr. CAGR %	-1.45	-33.9	-46.3	-30.82	-43.65
Levered Free Cash Flow, 5 Yr. CAGR %	-34.31	-3.13	-23.4	6.44	-7.7
Unlevered Free Cash Flow, 5 Yr. CAGR %	-23.42	-1.49	-20.99	7.41	-4.98
Dividend Per Share, 5 Yr. CAGR %	0	0	0	0	0