Income Statement LANDNET Inc.

Stocks

2991

JP3968860001

Real Estate Development & Operations

Market Closed - Japan Exchange 12:00:00 13/08/2026 pm IST			5-day change	1st Jan Change
561.00 ^JPY	-0.53%		+0.72%	-17.62%

16/22/16

Certain Common Stock of LANDNET Inc. are subject to a Lock-Up Agreement Ending on 16-JAN-2022.

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Published financial data: LANDNET INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: July	2021	2022	2023	2024	2025
Revenues	4.12TCr	5.19TCr	6.36TCr	7.78TCr	9.6TCr
Total Revenues	4.12TCr	5.19TCr	6.36TCr	7.78TCr	9.6TCr
Cost of Goods Sold, Total	3.53TCr	4.44TCr	5.47TCr	6.59TCr	8.08TCr
Gross Profit	588.6Cr	744.7Cr	896.1Cr	1.19TCr	1.52TCr
Selling General & Admin Expenses, Total	466.5Cr	594.2Cr	744Cr	909Cr	1.15TCr
Provision for Bad Debts	60L	-80L	-90L	-30L	-30L
Other Operating Expenses, Total	467.1Cr	593.4Cr	743.1Cr	908.7Cr	1.15TCr
Operating Income	121.5Cr	151.3Cr	153Cr	278.8Cr	374.7Cr
Interest Expense, Total	-4Cr	-6.5Cr	-9.5Cr	-18Cr	-28Cr
Interest And Investment Income	-	-	-	-	10L
Net Interest Expenses	-4Cr	-6.5Cr	-9.5Cr	-18Cr	-28Cr
Other Non Operating Income (Expenses)	-2.1Cr	-6.1Cr	-7.3Cr	-8.9Cr	-16Cr
EBT, Excl. Unusual Items	115.4Cr	138.7Cr	136.2Cr	251.8Cr	331.1Cr
Gain (Loss) On Sale Of Assets	40L	4.4Cr	13Cr	24Cr	25Cr
Asset Writedown	-	-	-1.4Cr	-80L	-10L
Other Unusual Items	-	-	-10L	10L	10L
EBT, Incl. Unusual Items	115.8Cr	143.1Cr	147.8Cr	275.2Cr	356.4Cr
Income Tax Expense	41Cr	48Cr	49Cr	91Cr	118Cr
Earnings From Continuing Operations	75Cr	96Cr	99Cr	184Cr	238.4Cr
Net Income to Company	75Cr	96Cr	99Cr	184Cr	238.4Cr
Net Income - (IS)	75Cr	96Cr	99Cr	184Cr	238.4Cr
Net Income to Common Incl Extra Items	75Cr	96Cr	99Cr	184Cr	238.4Cr
Net Income to Common Excl. Extra Items	75Cr	96Cr	99Cr	184Cr	238.4Cr
Per Share Items
Net EPS - Basic	40.42	40.25	41.52	77.19	99.68
Basic EPS - Continuing Operations	40.42	40.25	41.52	77.19	99.68
Basic Weighted Average Shares Outstanding	1.85Cr	2.37Cr	2.38Cr	2.38Cr	2.39Cr
Net EPS - Diluted	39.76	39.8	41.07	76.48	98.55
Diluted EPS - Continuing Operations	39.76	39.8	41.07	76.48	98.55
Diluted Weighted Average Shares Outstanding	1.88Cr	2.4Cr	2.41Cr	2.41Cr	2.42Cr
Normalized Basic EPS	39.08	36.53	35.77	66.02	86.53
Normalized Diluted EPS	38.43	36.1	35.38	65.4	85.54
Dividend Per Share	3.22	4.03	4.62	7.69	10
Payout Ratio	7.91	7.96	9.62	5.98	7.68
Supplemental Items
EBITDA	132.2Cr	167.1Cr	175.6Cr	309.8Cr	410.8Cr
EBITA	121.5Cr	151.3Cr	153Cr	278.8Cr	374.7Cr
EBIT	121.5Cr	151.3Cr	153Cr	278.8Cr	374.7Cr
Effective Tax Rate - (Ratio)	35.58	33.26	33.15	33.14	33.11
Normalized Net Income	72Cr	87Cr	85Cr	157.38Cr	206.94Cr
Non-Cash Pension Expense	20L	-6L	-2L	1L	5L
Supplemental Operating Expense Items
Advertising Expense	79Cr	96Cr	103.2Cr	124.3Cr	153.2Cr
Selling and Marketing Expenses	79Cr	96Cr	103.2Cr	124.3Cr	153.2Cr

Fiscal Period: July	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	394.6Cr	388.2Cr	327.2Cr	393.5Cr	447.8Cr
Total Cash And Short Term Investments	394.6Cr	388.2Cr	327.2Cr	393.5Cr	447.8Cr
Accounts Receivable, Total	80L	1.1Cr	2.9Cr	5.8Cr	6.8Cr
Total Receivables	80L	1.1Cr	2.9Cr	5.8Cr	6.8Cr
Inventory	518.5Cr	761.2Cr	1.16TCr	1.68TCr	2.29TCr
Prepaid Expenses	9.9Cr	13Cr	14Cr	19Cr	24Cr
Other Current Assets, Total	44Cr	52Cr	75Cr	75Cr	83Cr
Total Current Assets	967.4Cr	1.21TCr	1.58TCr	2.17TCr	2.85TCr
Net Property Plant And Equipment	166.9Cr	202Cr	272.9Cr	374Cr	481.5Cr
Long-term Investments	37Cr	57Cr	62Cr	76Cr	90Cr
Other Intangibles, Total	30Cr	52Cr	65Cr	74Cr	84Cr
Deferred Tax Assets Long-Term	9.8Cr	13Cr	16Cr	23Cr	31Cr
Other Long-Term Assets, Total	20L	20L	10L	30L	20L
Total Assets	1.21TCr	1.54TCr	2TCr	2.72TCr	3.54TCr
Liabilities
Accounts Payable, Total	1Cr	4.2Cr	9.8Cr	14Cr	18Cr
Accrued Expenses, Total	2.5Cr	6.6Cr	8.8Cr	10Cr	12Cr
Short-term Borrowings	173.8Cr	343.5Cr	568.8Cr	807.6Cr	941.5Cr
Current Portion of Long-Term Debt	29Cr	25Cr	43Cr	140.6Cr	204Cr
Current Portion of Leases	40L	20L	20L	40L	80L
Current Income Taxes Payable	105.5Cr	114.1Cr	113.6Cr	196.5Cr	237.8Cr
Other Current Liabilities	142.8Cr	151.1Cr	183.7Cr	246Cr	277.6Cr
Total Current Liabilities	454.9Cr	644.3Cr	928.3Cr	1.42TCr	1.69TCr
Long-Term Debt	181.5Cr	226Cr	299.2Cr	354.4Cr	659.7Cr
Long-Term Leases	90L	70L	40L	90L	2.5Cr
Pension & Other Post Retirement Benefits	3.4Cr	5Cr	6.8Cr	8.2Cr	10Cr
Other Non Current Liabilities	38Cr	42Cr	48Cr	49Cr	67Cr
Total Liabilities	678.4Cr	917.7Cr	1.28TCr	1.83TCr	2.43TCr
Common Stock, Total	69Cr	70Cr	70Cr	71Cr	71Cr
Additional Paid In Capital	59Cr	60Cr	60Cr	61Cr	61Cr
Retained Earnings	404Cr	491.7Cr	581Cr	754Cr	974Cr
Comprehensive Income and Other	50L	1.4Cr	2.1Cr	2.4Cr	2.6Cr
Total Common Equity	533.3Cr	622.3Cr	713.1Cr	887.6Cr	1.11TCr
Total Equity	533.3Cr	622.3Cr	713.1Cr	887.6Cr	1.11TCr
Total Liabilities And Equity	1.21TCr	1.54TCr	2TCr	2.72TCr	3.54TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.37Cr	2.38Cr	2.38Cr	2.39Cr	2.39Cr
ECS Total Common Shares Outstanding	2.37Cr	2.37Cr	2.38Cr	2.39Cr	2.39Cr
Book Value / Share	224.98	262.1	299.53	371.34	463.06
Tangible Book Value	502.8Cr	569.9Cr	648.5Cr	814Cr	1.02TCr
Tangible Book Value Per Share	212.12	240.03	272.4	340.55	427.92
Total Debt	385.5Cr	595Cr	912Cr	1.3TCr	1.81TCr
Net Debt	-9.1Cr	206.8Cr	584.8Cr	910.4Cr	1.36TCr
Debt Equivalent of Unfunded Proj. Benefit Obligation	3.4Cr	5.1Cr	6.85Cr	8.26Cr	10Cr
Inventories - Work In Process, Total	7.6Cr	10Cr	12Cr	14Cr	13Cr
Inventories - Finished Goods, Total	510.8Cr	750.6Cr	1.15TCr	1.66TCr	2.28TCr
Inventories - Others	10L	10L	10L	10L	10L
Full Time Employees	385	465	581	677	807
Accumulated Allowance for Doubtful Accounts (Supple)	1.6Cr	80L	-	40L	50L

Fiscal Period: July	2021	2022	2023	2024	2025
Net Income	115.9Cr	143.2Cr	147.8Cr	275.2Cr	356.4Cr
Depreciation & Amortization - CF	11Cr	16Cr	23Cr	31Cr	36Cr
Depreciation & Amortization, Total	11Cr	16Cr	23Cr	31Cr	36Cr
(Gain) Loss From Sale Of Asset	-40L	-4.4Cr	-12Cr	-23Cr	-25Cr
Other Operating Activities, Total	-22Cr	-56Cr	-55Cr	-50Cr	-122.2Cr
Change In Accounts Receivable	50L	30L	-1.2Cr	-3.3Cr	-1Cr
Change In Inventories	-113.4Cr	-213.2Cr	-359.3Cr	-498.5Cr	-570.2Cr
Change In Accounts Payable	0	-8.4Cr	17Cr	34Cr	39Cr
Change in Other Net Operating Assets	28Cr	15Cr	50L	51Cr	27Cr
Cash from Operations	19Cr	-107.3Cr	-239.1Cr	-183.8Cr	-260.1Cr
Capital Expenditure	-77Cr	-85Cr	-154Cr	-209.6Cr	-214.5Cr
Sale of Property, Plant, and Equipment	1.4Cr	23Cr	46Cr	103.8Cr	83Cr
Sale (Purchase) of Intangible assets	-15Cr	-29Cr	-24Cr	-26Cr	-29Cr
Investment in Marketable and Equity Securities, Total	-4Cr	-13Cr	-	28Cr	-
Other Investing Activities, Total	20L	-9.6Cr	2.6Cr	10L	-14Cr
Cash from Investing	-94Cr	-113.3Cr	-129.9Cr	-104.2Cr	-174.4Cr
Short Term Debt Issued, Total	20Cr	169.6Cr	225.2Cr	238.8Cr	133.8Cr
Long-Term Debt Issued, Total	159.8Cr	85Cr	194.6Cr	416.6Cr	699.1Cr
Total Debt Issued	179.4Cr	254.3Cr	419.8Cr	655.4Cr	832.9Cr
Long-Term Debt Repaid, Total	-53Cr	-45Cr	-102.7Cr	-264.2Cr	-330.5Cr
Total Debt Repaid	-53Cr	-45Cr	-102.7Cr	-264.2Cr	-330.5Cr
Issuance of Common Stock	118.7Cr	-	70L	1.1Cr	60L
Common Dividends Paid	-5.9Cr	-7.6Cr	-9.5Cr	-11Cr	-18Cr
Common & Preferred Stock Dividends Paid	-5.9Cr	-7.6Cr	-9.5Cr	-11Cr	-18Cr
Other Financing Activities, Total	-70L	-1.3Cr	-20L	-30L	-60L
Cash from Financing	238.6Cr	200.8Cr	308.1Cr	381Cr	484.1Cr
Foreign Exchange Rate Adjustments	10L	20L	-	-	10L
Miscellaneous Cash Flow Adjustments	-	20L	-	-	10L
Net Change in Cash	163.6Cr	-19Cr	-61Cr	93Cr	50Cr
Supplemental Items
Cash Interest Paid	3.9Cr	6.5Cr	9.4Cr	18Cr	28Cr
Cash Income Tax Paid (Refund)	22Cr	56Cr	55Cr	50Cr	122.2Cr
Levered Free Cash Flow	-42Cr	-237.3Cr	-452.71Cr	-413.66Cr	-540.38Cr
Unlevered Free Cash Flow	-40Cr	-233.24Cr	-446.78Cr	-402.35Cr	-522.81Cr
Change In Net Working Capital	35Cr	229.7Cr	386.7Cr	371.5Cr	549.7Cr
Net Debt Issued / Repaid	126.5Cr	209.7Cr	317.1Cr	391.2Cr	502.4Cr

Fiscal Period: July	2021	2022	2023	2024	2025
Profitability
Return on Assets	7.4	6.87	5.41	7.4	7.49
Return on Total Capital	9.97	8.85	6.73	9.13	9.17
Return On Equity %	16.98	16.53	14.8	22.99	23.89
Return on Common Equity	16.98	16.53	14.8	22.99	23.89
Margin Analysis
Gross Profit Margin %	14.3	14.36	14.08	15.27	15.83
SG&A Margin	11.33	11.46	11.69	11.69	11.93
EBITDA Margin %	3.21	3.22	2.76	3.98	4.28
EBITA Margin %	2.95	2.92	2.4	3.58	3.9
EBIT Margin %	2.95	2.92	2.4	3.58	3.9
Income From Continuing Operations Margin %	1.81	1.84	1.55	2.37	2.48
Net Income Margin %	1.81	1.84	1.55	2.37	2.48
Net Avail. For Common Margin %	1.81	1.84	1.55	2.37	2.48
Normalized Net Income Margin	1.75	1.67	1.34	2.02	2.16
Levered Free Cash Flow Margin	-1.03	-4.57	-7.11	-5.32	-5.63
Unlevered Free Cash Flow Margin	-0.97	-4.5	-7.02	-5.17	-5.45
Asset Turnover
Asset Turnover	4.01	3.77	3.6	3.3	3.07
Fixed Assets Turnover	31	28.12	26.8	24.05	22.44
Receivables Turnover (Average Receivables)	2.11T	5.46T	3.18T	1.79T	1.52T
Inventory Turnover (Average Inventory)	7.66	6.94	5.69	4.64	4.07
Short Term Liquidity
Current Ratio	2.13	1.89	1.7	1.53	1.69
Quick Ratio	0.87	0.6	0.36	0.28	0.27
Operating Cash Flow to Current Liabilities	0.04	-0.17	-0.26	-0.13	-0.15
Days Sales Outstanding (Average Receivables)	0.17	0.07	0.11	0.2	0.24
Days Outstanding Inventory (Average Inventory)	47.67	52.57	64.18	78.8	89.58
Average Days Payable Outstanding	0.39	0.2	0.44	0.61	0.67
Cash Conversion Cycle (Average Days)	47.45	52.44	63.86	78.39	89.15
Long Term Solvency
Total Debt/Equity	72.29	95.61	127.89	146.9	163.16
Total Debt / Total Capital	41.96	48.88	56.12	59.5	62
LT Debt/Equity	34.2	36.43	42.01	40.03	59.74
Long-Term Debt / Total Capital	19.85	18.62	18.44	16.21	22.7
Total Liabilities / Total Assets	55.99	59.59	64.27	67.31	68.68
EBIT / Interest Expense	30.38	23.28	16.11	15.4	13.33
EBITDA / Interest Expense	33.05	25.71	18.48	17.12	14.62
(EBITDA - Capex) / Interest Expense	13.82	12.65	2.27	5.54	6.99
Total Debt / EBITDA	2.92	3.56	5.19	4.21	4.4
Net Debt / EBITDA	-0.07	1.24	3.33	2.94	3.31
Total Debt / (EBITDA - Capex)	6.97	7.24	42.22	13.01	9.21
Net Debt / (EBITDA - Capex)	-0.16	2.52	27.07	9.09	6.93
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	15.07	26.01	22.7	22.22	23.4
Gross Profit, 1 Yr. Growth %	21.54	26.52	20.33	32.52	27.99
EBITDA, 1 Yr. Growth %	-	26.4	5.09	76.42	32.6
EBITA, 1 Yr. Growth %	38.86	24.53	1.12	82.22	34.4
EBIT, 1 Yr. Growth %	38.86	24.53	1.12	82.22	34.4
Earnings From Cont. Operations, 1 Yr. Growth %	25.59	28.02	3.46	86.23	29.57
Net Income, 1 Yr. Growth %	25.59	28.02	3.46	86.23	29.57
Normalized Net Income, 1 Yr. Growth %	38.87	20.19	-1.8	84.88	31.49
Diluted EPS Before Extra, 1 Yr. Growth %	22.53	0.1	3.18	86.22	28.85
Accounts Receivable, 1 Yr. Growth %	-74.19	37.5	163.64	100	17.24
Inventory, 1 Yr. Growth %	28.69	46.81	52.64	44.28	36.56
Net Property, Plant and Equip., 1 Yr. Growth %	69.1	21.03	35.1	37.05	28.74
Total Assets, 1 Yr. Growth %	44.28	27.09	29.6	36.06	30.31
Tangible Book Value, 1 Yr. Growth %	54.09	13.35	13.79	25.52	25.84
Common Equity, 1 Yr. Growth %	54.4	16.69	14.59	24.47	24.88
Cash From Operations, 1 Yr. Growth %	-	-667.72	122.83	-23.13	41.51
Capital Expenditures, 1 Yr. Growth %	-	10.4	81.39	36.1	2.34
Levered Free Cash Flow, 1 Yr. Growth %	-	458.85	90.78	-8.63	30.63
Unlevered Free Cash Flow, 1 Yr. Growth %	-	483.64	91.55	-9.94	29.94
Dividend Per Share, 1 Yr. Growth %	-0.96	25.24	14.73	66.22	30.08
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	16.84	20.41	24.35	22.46	22.81
Gross Profit, 2 Yr. CAGR %	13.96	24	23.39	26.28	30.24
EBITDA, 2 Yr. CAGR %	-	-	15.25	36.16	52.95
EBITA, 2 Yr. CAGR %	4.11	31.5	12.22	35.75	56.49
EBIT, 2 Yr. CAGR %	4.11	31.5	12.22	35.75	56.49
Earnings From Cont. Operations, 2 Yr. CAGR %	-1.76	26.8	15.08	38.81	55.34
Net Income, 2 Yr. CAGR %	-1.76	26.8	15.08	38.81	55.34
Normalized Net Income, 2 Yr. CAGR %	3.66	29.19	8.64	34.74	55.92
Diluted EPS Before Extra, 2 Yr. CAGR %	-2.97	10.75	1.63	38.62	54.91
Accounts Receivable, 2 Yr. CAGR %	15.47	-40.43	90.39	129.62	53.13
Inventory, 2 Yr. CAGR %	12.87	37.45	49.7	48.4	40.37
Net Property, Plant and Equip., 2 Yr. CAGR %	45.53	43.06	27.87	36.07	32.83
Total Assets, 2 Yr. CAGR %	21.63	35.42	28.34	32.79	33.15
Tangible Book Value, 2 Yr. CAGR %	32.89	32.16	13.57	19.51	25.68
Common Equity, 2 Yr. CAGR %	34.75	34.23	15.64	19.43	24.67
Cash From Operations, 2 Yr. CAGR %	-	-	255.68	30.88	4.3
Capital Expenditures, 2 Yr. CAGR %	-	-	41.51	57.12	18.02
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	226.52	32.03	9.25
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	234.36	31.34	8.18
Dividend Per Share, 2 Yr. CAGR %	-	11.37	19.87	38.09	47.04
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	19.82	21.17	23.63	22.77
Gross Profit, 3 Yr. CAGR %	-	18	22.77	26.36	26.85
EBITDA, 3 Yr. CAGR %	-	-	-	32.83	34.96
EBITA, 3 Yr. CAGR %	-	10.51	20.47	31.9	35.29
EBIT, 3 Yr. CAGR %	-	10.51	20.47	31.9	35.29
Earnings From Cont. Operations, 3 Yr. CAGR %	-	7.3	18.48	35.11	35.65
Net Income, 3 Yr. CAGR %	-	7.3	18.48	35.11	35.65
Normalized Net Income, 3 Yr. CAGR %	-	8.9	17.9	29.7	33.65
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-1.96	8.17	24.36	35.28
Accounts Receivable, 3 Yr. CAGR %	-	22.39	-2.2	93.54	83.53
Inventory, 3 Yr. CAGR %	-	23.21	42.34	47.87	44.34
Net Property, Plant and Equip., 3 Yr. CAGR %	-	36.86	40.36	30.86	33.58
Total Assets, 3 Yr. CAGR %	-	23.43	33.45	30.86	31.96
Tangible Book Value, 3 Yr. CAGR %	-	26.03	25.73	17.42	21.58
Common Equity, 3 Yr. CAGR %	-	28.44	27.33	18.51	21.22
Cash From Operations, 3 Yr. CAGR %	-	-	-	113.45	34.33
Capital Expenditures, 3 Yr. CAGR %	-	-	-	39.69	36.2
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	113.57	31.56
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	115.93	30.87
Dividend Per Share, 3 Yr. CAGR %	-	-	12.48	33.67	35.37
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	20.87	21.82
Gross Profit, 5 Yr. CAGR %	-	-	-	21.25	25.7
EBITA, 5 Yr. CAGR %	-	-	-	19.99	33.76
EBIT, 5 Yr. CAGR %	-	-	-	19.99	33.76
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	18.94	32.04
Net Income, 5 Yr. CAGR %	-	-	-	18.94	32.04
Normalized Net Income, 5 Yr. CAGR %	-	-	-	18.58	31.85
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	12.61	24.88
Accounts Receivable, 5 Yr. CAGR %	-	-	-	57.42	17.01
Inventory, 5 Yr. CAGR %	-	-	-	32.73	41.55
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	36.54	37.3
Total Assets, 5 Yr. CAGR %	-	-	-	27.09	33.33
Tangible Book Value, 5 Yr. CAGR %	-	-	-	23.38	25.71
Common Equity, 5 Yr. CAGR %	-	-	-	24.76	26.26
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	25.21