Financials Ebara Corporation

Stocks

6361

JP3166000004

Industrial Machinery & Equipment

Market Closed - Japan Exchange 12:00:00 28/08/2026 pm IST			5-day change	1st Jan Change
4,688.00 ^JPY	-2.76%		-4.73%	+27.25%

17/08	Japan Earnings Wrap: Asahi Intecc Rises; Ebara, Rakus Slide	MT
17/08	Japanese shares trade mostly lower on weak GDP data, surge in JGB yields	RE

Projected Income Statement: Ebara Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	6,03,213	6,80,870	7,59,328	8,66,668	9,58,285	10,61,745	11,79,974	13,01,877
Change	-	12.87%	11.52%	14.14%	10.57%	10.8%	11.14%	10.33%
EBITDA ¹	82,807	94,640	1,12,615	1,27,964	1,48,606	1,73,653	2,20,177	2,63,490
Change	-	14.29%	18.99%	13.63%	16.13%	16.85%	26.79%	19.67%
EBIT ¹	61,372	70,572	86,025	97,953	1,13,802	1,33,437	1,68,825	2,03,297
Change	-	14.99%	21.9%	13.87%	16.18%	17.25%	26.52%	20.42%
Interest Paid ¹	-2,687	-2,762	-4,361	-4,185	-6,769	-5,000	-4,567	-4,600
Earnings before Tax (EBT) ¹	60,302	69,481	84,733	99,852	1,10,977	1,41,664	1,71,538	2,04,914
Change	-	15.22%	21.95%	17.84%	11.14%	27.65%	21.09%	19.46%
Net income ¹	43,616	50,488	60,283	71,401	76,633	97,786	1,17,356	1,41,709
Change	-	15.76%	19.4%	18.44%	7.33%	27.6%	20.01%	20.75%
Announcement Date	14/02/22	14/02/23	14/02/24	14/02/25	13/02/26	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	1,45,772	1,83,287	1,52,808	1,59,610	1,67,636	2,00,816	1,84,071	1,79,762	1,87,382	2,08,113	1,93,822	2,00,713	2,09,797	2,62,335	2,12,650	2,36,118	2,14,787	2,94,730	2,46,311	2,44,449	2,50,440	3,16,076	2,98,000	3,05,500	2,80,000	3,45,000
Change	-	25.74%	-16.63%	4.45%	5.03%	19.79%	-8.34%	-2.34%	4.24%	11.06%	-6.87%	3.56%	4.53%	25.04%	-18.94%	11.04%	-9.03%	37.22%	-16.43%	-0.76%	2.45%	26.21%	-5.72%	2.52%	-8.35%	23.21%
EBITDA ¹	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54,141	36,723	34,428	45,100	57,648	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-32.17%	-6.25%	31%	27.82%	-	-	-	-
EBIT ¹	12,534	23,980	14,177	13,006	15,476	27,913	15,264	18,502	23,189	29,070	19,299	20,651	19,876	38,126	22,601	27,461	19,479	44,261	26,749	23,928	32,940	45,449	42,262	41,262	30,000	46,000
Change	-	91.32%	-40.88%	-8.26%	18.99%	80.36%	-45.32%	21.21%	25.33%	25.36%	-33.61%	7.01%	-3.75%	91.82%	-40.72%	21.5%	-29.07%	127.22%	-39.57%	-10.55%	37.66%	37.98%	-7.01%	-2.37%	-27.29%	53.33%
Charge d'intérêts	-475	-	-364	-	-859	-	-1,351	-	-1,091	-	-888	-	-1,497	-	-1,311	-	-110	-	-1,547	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	11,921	22,708	15,569	12,608	14,372	26,932	15,183	18,902	22,771	27,877	20,877	21,272	17,859	39,843	23,086	23,046	20,095	44,750	26,940	22,819	48,100	44,240	-	-	-	-
Change	-	90.49%	-31.44%	-19.02%	13.99%	87.39%	-43.62%	24.49%	20.47%	22.42%	-25.11%	1.89%	-16.04%	123.1%	-42.06%	-0.17%	-12.8%	122.69%	-39.8%	-15.3%	110.79%	-8.02%	-	-	-	-
Net income ¹	7,761	18,929	10,251	7,814	9,229	23,194	8,098	12,485	14,322	25,378	14,698	14,517	11,819	30,366	15,789	15,552	13,342	31,950	18,322	15,252	30,700	32,312	-	-	-	-
Change	-	143.9%	-45.84%	-23.77%	18.11%	151.32%	-65.09%	54.17%	14.71%	77.2%	-42.08%	-1.23%	-18.59%	156.93%	-48%	-1.5%	-14.21%	139.47%	-42.65%	-16.76%	101.29%	5.25%	-	-	-	-
Announcement Date	12/11/21	14/02/22	12/05/22	12/08/22	14/11/22	14/02/23	15/05/23	14/08/23	14/11/23	14/02/24	14/05/24	14/08/24	14/11/24	14/02/25	15/05/25	14/08/25	13/11/25	13/02/26	15/05/26	14/08/26	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2022 S1	2023 S1	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2	2027 S1	2027 S2
Net sales ¹	3,12,418	3,63,833	3,94,536	4,72,132	4,48,768	5,09,517	4,90,760	5,51,100	5,64,000	6,62,500
Change	-	16.46%	8.44%	19.67%	-4.95%	13.54%	-3.68%	12.3%	2.34%	17.46%
EBITDA	-	-	-	-	-	82,526	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-
EBIT ¹	27,183	33,766	39,951	58,002	50,062	63,740	50,677	78,500	78,800	1,04,000
Change	-	24.22%	18.32%	45.18%	-13.69%	27.32%	-20.49%	54.9%	0.38%	31.98%
Charge d'intérêts	-906	-1,935	-1,881	-	-5,572	-	-3,264	-	-	-
Earnings before Tax (EBT)	28,177	34,085	42,150	-	46,132	64,845	49,759	-	-	-
Change	-	20.97%	23.66%	-	-	40.56%	-23.26%	-	-	-
Net income	18,065	20,583	29,216	-	31,341	45,292	33,574	-	-	-
Change	-	13.94%	41.94%	-	-	44.51%	-25.87%	-	-	-
Announcement Date	12/08/22	14/08/23	14/08/24	14/02/25	14/08/25	13/02/26	14/08/26	-	-	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Ebara Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-31,250	-	-5,915	-20,599	81,250	1,03,314	1,03,966	65,723
Change	-	-	-	-248.25%	494.44%	27.16%	0.63%	-36.78%
Announcement Date	14/02/22	14/02/23	14/02/24	14/02/25	13/02/26	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Ebara Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	25,755	27,597	40,699	58,630	1,00,735	96,333	78,998	80,525
Change	-	7.15%	47.48%	44.06%	71.81%	-4.37%	-17.99%	1.93%
Free Cash Flow (FCF) ¹	41,497	-1,254	29,313	52,386	-50,477	48,995	39,606	45,326
Change	-	-103.02%	2,437.56%	78.71%	-196.36%	197.06%	-19.16%	14.44%
Announcement Date	14/02/22	14/02/23	14/02/24	14/02/25	13/02/26	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Ebara Corporation

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	13.73%	13.9%	14.83%	14.77%	15.51%	16.36%	18.66%	20.24%
EBIT Margin (%)	10.17%	10.36%	11.33%	11.3%	11.88%	12.57%	14.31%	15.62%
EBT Margin (%)	10%	10.2%	11.16%	11.52%	11.58%	13.34%	14.54%	15.74%
Net margin (%)	7.23%	7.42%	7.94%	8.24%	8%	9.21%	9.95%	10.88%
FCF margin (%)	6.88%	-0.18%	3.86%	6.04%	-5.27%	4.61%	3.36%	3.48%
FCF / Net Income (%)	95.14%	-2.48%	48.63%	73.37%	-65.87%	50.1%	33.75%	31.99%
Profitability
ROA	8.99%	8.98%	9.73%	10.41%	10.63%	9.68%	10.84%	14.25%
ROE	14.5%	15%	15.7%	16.2%	15.6%	17.84%	19.34%	20.72%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	0.55x	0.59x	0.47x	0.25x
Debt / Free cash flow	-	-	-	-	-1.61x	2.11x	2.62x	1.45x
Capital Intensity
CAPEX / Current Assets (%)	4.27%	4.05%	5.36%	6.76%	10.51%	9.07%	6.69%	6.19%
CAPEX / EBITDA (%)	31.1%	29.16%	36.14%	45.82%	67.79%	55.47%	35.88%	30.56%
CAPEX / FCF (%)	62.06%	-2,200.72%	138.84%	111.92%	-199.57%	196.62%	199.46%	177.66%
Items per share
Cash flow per share ¹	138.2	162	188.4	219.6	241.8	307	318.8	454
Change	-	17.21%	16.27%	16.57%	10.13%	26.94%	3.84%	42.43%
Dividend per Share ¹	32.6	38.6	45.8	55	59	74.8	90.66	109.4
Change	-	18.4%	18.65%	20.09%	7.27%	26.79%	21.19%	20.71%
Book Value Per Share ¹	679.1	782	887.9	1,025	1,115	1,244	1,404	1,622
Change	-	15.15%	13.54%	15.39%	8.78%	11.64%	12.86%	15.5%
EPS ¹	92.69	109.7	130.7	154.6	166.3	215.3	257.7	312.8
Change	-	18.38%	19.14%	18.28%	7.56%	29.46%	19.71%	21.36%
Nbr of stocks (in thousands)	4,61,495	4,60,283	4,61,616	4,61,916	4,56,583	4,56,136	4,56,136	4,56,136
Announcement Date	14/02/22	14/02/23	14/02/24	14/02/25	13/02/26	-	-	-