Income Statement DMW Corporation

Stocks

6365

JP3550800001

Industrial Machinery & Equipment

Delayed Japan Exchange 04:00:00 16/09/2026 +04			5-day change	1st Jan Change
5,500.00 ^JPY	0.00%		-1.79%	+4.17%

03-24	METAWATER Co., Ltd. completed the acquisition of 48.94% stake in Suido Kiko Kaisha, Ltd. from a group of shareholders.	CI
02-06	METAWATER Co., Ltd. proposed to acquire 48.94% stake in Suido Kiko Kaisha, Ltd. from a group of shareholders for ¥8.5 billion.	CI

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Published financial data: DMW CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Revenues	22.82B	23.87B	24.1B	28.08B	28.19B
Total Revenues	22.82B	23.87B	24.1B	28.08B	28.19B
Cost of Goods Sold, Total	17.1B	17.95B	18.11B	20.75B	20.5B
Gross Profit	5.72B	5.92B	5.98B	7.33B	7.69B
Selling General & Admin Expenses, Total	3.17B	3.24B	3.56B	3.92B	4.02B
Depreciation & Amortization - (IS)	33M	45M	49M	61M	71M
Other Operating Expenses	90M	97M	90M	107M	111M
Other Operating Expenses, Total	3.29B	3.38B	3.7B	4.09B	4.2B
Operating Income	2.43B	2.55B	2.28B	3.24B	3.5B
Interest And Investment Income	90M	116M	109M	124M	191M
Net Interest Expenses	90M	116M	109M	124M	191M
Currency Exchange Gains (Loss)	-	-	-	-	-14M
Other Non Operating Income (Expenses)	56M	51M	59M	63M	54M
EBT, Excl. Unusual Items	2.57B	2.71B	2.45B	3.42B	3.73B
Gain (Loss) On Sale Of Investments	28M	34M	99M	-	-
Gain (Loss) On Sale Of Assets	-10M	-48M	-37M	-23M	-86M
Asset Writedown	-	-12M	-	-	-
Other Unusual Items	28M	-	-	-	-
EBT, Incl. Unusual Items	2.62B	2.69B	2.52B	3.4B	3.64B
Income Tax Expense	742M	816M	765M	974M	1.02B
Earnings From Continuing Operations	1.88B	1.87B	1.75B	2.43B	2.62B
Net Income to Company	1.88B	1.87B	1.75B	2.43B	2.62B
Net Income - (IS)	1.88B	1.87B	1.75B	2.43B	2.62B
Net Income to Common Incl Extra Items	1.88B	1.87B	1.75B	2.43B	2.62B
Net Income to Common Excl. Extra Items	1.88B	1.87B	1.75B	2.43B	2.62B
Per Share Items
Net EPS - Basic	443.53	441.82	412.98	576.63	630.56
Basic EPS - Continuing Operations	443.53	441.82	412.98	576.63	630.56
Basic Weighted Average Shares Outstanding	4.23M	4.23M	4.24M	4.21M	4.15M
Net EPS - Diluted	443.53	441.82	412.98	576.63	630.56
Diluted EPS - Continuing Operations	443.53	441.82	412.98	576.63	630.56
Diluted Weighted Average Shares Outstanding	4.23M	4.23M	4.24M	4.21M	4.15M
Normalized Basic EPS	379.99	400.4	361.8	508.5	561.53
Normalized Diluted EPS	379.99	400.4	361.8	508.5	561.53
Dividend Per Share	117.5	122.5	127.5	175	190
Payout Ratio	25.36	27.15	30.23	23.58	30.9
Supplemental Items
EBITDA	2.96B	3.1B	2.91B	3.93B	4.14B
EBITA	2.43B	2.55B	2.28B	3.24B	3.5B
EBIT	2.43B	2.55B	2.28B	3.24B	3.5B
EBITDAR	3.15B	3.31B	3.12B	4.15B	4.37B
Effective Tax Rate - (Ratio)	28.33	30.37	30.42	28.65	28.16
Normalized Net Income	1.61B	1.7B	1.53B	2.14B	2.33B
Non-Cash Pension Expense	-2M	-81M	-42M	-36M	-61M
Supplemental Operating Expense Items
Selling and Marketing Expenses	510M	415M	365M	431M	533M
Research And Development Expense From Footnotes	271M	260M	275M	261M	268M
Net Rental Expense, Total	193M	212M	208M	219M	229M

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Assets
Cash And Equivalents	5.91B	6.46B	6.1B	6.52B	6.04B
Short Term Investments	-	19M	99M	199M	-
Total Cash And Short Term Investments	5.91B	6.48B	6.2B	6.71B	6.04B
Accounts Receivable, Total	8.43B	7.26B	6.96B	8.91B	10.77B
Total Receivables	8.43B	7.26B	6.96B	8.91B	10.77B
Inventory	180M	174M	167M	196M	232M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	10.37B	12.61B	15.08B	15B	13.5B
Total Current Assets	24.89B	26.53B	28.4B	30.82B	30.54B
Net Property Plant And Equipment	3.94B	4.32B	4.44B	4.53B	4.86B
Long-term Investments	3.06B	2.68B	3.78B	4.78B	6.04B
Other Intangibles, Total	332M	339M	346M	344M	279M
Deferred Tax Assets Long-Term	129M	151M	10M	-	-
Other Long-Term Assets, Total	2M	2M	2M	2M	2M
Total Assets	32.35B	34.01B	36.98B	40.47B	41.72B
Liabilities
Accounts Payable, Total	6.15B	6.92B	6.49B	7.26B	4.92B
Accrued Expenses, Total	97M	711M	736M	883M	1.05B
Current Portion of Leases	9M	16M	22M	26M	30M
Current Income Taxes Payable	883M	843M	788M	1.22B	1B
Other Current Liabilities	2.45B	1.41B	2.44B	2.3B	2.69B
Total Current Liabilities	9.59B	9.9B	10.47B	11.7B	9.68B
Long-Term Leases	18M	38M	37M	41M	58M
Pension & Other Post Retirement Benefits	43M	102M	38M	693M	703M
Deferred Tax Liability Non Current	-	-	232M	121M	536M
Other Non Current Liabilities	55M	54M	52M	85M	84M
Total Liabilities	9.7B	10.1B	10.83B	12.64B	11.06B
Common Stock, Total	810M	810M	810M	810M	810M
Additional Paid In Capital	115M	119M	123M	127M	143M
Retained Earnings	22.06B	23.42B	24.65B	26.5B	28.31B
Treasury Stock	-1.02B	-1.02B	-1.01B	-1.38B	-1.36B
Comprehensive Income and Other	689M	581M	1.58B	1.77B	2.76B
Total Common Equity	22.65B	23.92B	26.15B	27.83B	30.66B
Total Equity	22.65B	23.92B	26.15B	27.83B	30.66B
Total Liabilities And Equity	32.35B	34.01B	36.98B	40.47B	41.72B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.23M	4.24M	4.24M	4.14M	4.15M
ECS Total Common Shares Outstanding	4.23M	4.24M	4.24M	4.14M	4.15M
Book Value / Share	5.35K	5.65K	6.17K	6.72K	7.39K
Tangible Book Value	22.32B	23.58B	25.8B	27.48B	30.38B
Tangible Book Value Per Share	5.27K	5.57K	6.09K	6.63K	7.32K
Total Debt	27M	54M	59M	67M	88M
Net Debt	-5.88B	-6.43B	-6.14B	-6.65B	-5.95B
Debt Equivalent of Unfunded Proj. Benefit Obligation	44M	12M	-71M	-29M	-201M
Debt Equivalent Oper. Leases	1.54B	1.7B	1.66B	1.75B	1.83B
Inventories - Raw Materials, Total	113M	124M	122M	128M	114M
Inventories - Work In Process, Total	67M	50M	45M	68M	118M
Inventories - Others	-	-	-	-	-
Full Time Employees	523	535	532	556	556
Order Backlog	25.04B	24.64B	29.85B	28.52B	27.29B

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Net Income	2.62B	2.69B	2.52B	3.4B	3.64B
Depreciation & Amortization - CF	530M	551M	622M	694M	644M
Depreciation & Amortization, Total	530M	551M	622M	694M	644M
(Gain) Loss From Sale Of Asset	10M	60M	34M	26M	86M
(Gain) Loss on Sale of Investments - (CF)	-28M	-33M	-99M	-	-
Other Operating Activities, Total	-835M	-865M	-804M	-787M	-1.26B
Change In Accounts Receivable	-3.09B	-963M	-1.85B	-1.67B	-740M
Change In Inventories	98M	4M	8M	-29M	-36M
Change In Accounts Payable	598M	578M	-452M	800M	-2.3B
Change in Other Net Operating Assets	256M	-447M	760M	-322M	497M
Cash from Operations	162M	1.57B	730M	2.11B	527M
Capital Expenditure	-556M	-848M	-682M	-560M	-573M
Sale of Property, Plant, and Equipment	-	-	42M	-	-
Sale (Purchase) of Intangible assets	-192M	-76M	-76M	-66M	-62M
Investment in Marketable and Equity Securities, Total	-42M	41M	596M	-205M	524M
Net (Increase) Decrease in Loans Originated / Sold - Investing	5M	-1M	1M	0	0
Other Investing Activities, Total	-3M	-2M	-29M	-3M	-3M
Cash from Investing	-788M	-886M	-148M	-834M	-114M
Issuance of Common Stock	-	-	5M	3M	-
Repurchase of Common Stock	-	-	-	-365M	-
Common Dividends Paid	-476M	-508M	-529M	-572M	-808M
Common & Preferred Stock Dividends Paid	-476M	-508M	-529M	-572M	-808M
Other Financing Activities, Total	-14M	-15M	-21M	-27M	-31M
Cash from Financing	-490M	-523M	-545M	-961M	-839M
Foreign Exchange Rate Adjustments	-3M	-12M	-2M	-4M	-4M
Miscellaneous Cash Flow Adjustments	-	-2M	-	-2M	-
Net Change in Cash	-1.12B	150M	35M	308M	-430M
Supplemental Items
Cash Income Tax Paid (Refund)	863M	853M	816M	788M	1.27B
Levered Free Cash Flow	-1.31B	462M	-302M	1.42B	-229M
Unlevered Free Cash Flow	-1.31B	462M	-302M	1.42B	-229M
Change In Net Working Capital	2.6B	756M	1.59B	672M	2.42B

Fiscal Period: March	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Profitability
Return on Assets	4.82	4.8	4.02	5.22	5.32
Return on Total Capital	6.94	6.82	5.69	7.48	7.45
Return On Equity %	8.6	8.04	6.99	8.99	8.94
Return on Common Equity	8.6	8.04	6.99	8.99	8.94
Margin Analysis
Gross Profit Margin %	25.07	24.81	24.84	26.1	27.29
SG&A Margin	13.9	13.55	14.78	13.97	14.25
EBITDA Margin %	12.96	12.97	12.06	14	14.68
EBITA Margin %	10.64	10.66	9.48	11.53	12.4
EBIT Margin %	10.64	10.66	9.48	11.53	12.4
Income From Continuing Operations Margin %	8.23	7.84	7.26	8.64	9.28
Net Income Margin %	8.23	7.84	7.26	8.64	9.28
Net Avail. For Common Margin %	8.23	7.84	7.26	8.64	9.28
Normalized Net Income Margin	7.05	7.1	6.36	7.62	8.26
Levered Free Cash Flow Margin	-5.72	1.94	-1.25	5.05	-0.81
Unlevered Free Cash Flow Margin	-5.72	1.94	-1.25	5.05	-0.81
Asset Turnover
Asset Turnover	0.72	0.72	0.68	0.73	0.69
Fixed Assets Turnover	5.78	5.78	5.51	6.26	6
Receivables Turnover (Average Receivables)	2.03	3.04	3.39	3.54	2.86
Inventory Turnover (Average Inventory)	16.82	101.41	106.22	114.33	95.78
Short Term Liquidity
Current Ratio	2.6	2.68	2.71	2.63	3.15
Quick Ratio	1.5	1.39	1.26	1.34	1.74
Operating Cash Flow to Current Liabilities	0.02	0.16	0.07	0.18	0.05
Days Sales Outstanding (Average Receivables)	179.81	119.98	108.03	103.18	127.42
Days Outstanding Inventory (Average Inventory)	21.7	3.6	3.45	3.19	3.81
Average Days Payable Outstanding	137.22	132.91	135.56	120.8	108.28
Cash Conversion Cycle (Average Days)	64.29	-9.33	-24.08	-14.43	22.95
Long Term Solvency
Total Debt/Equity	0.12	0.23	0.23	0.24	0.29
Total Debt / Total Capital	0.12	0.23	0.23	0.24	0.29
LT Debt/Equity	0.08	0.16	0.14	0.15	0.19
Long-Term Debt / Total Capital	0.08	0.16	0.14	0.15	0.19
Total Liabilities / Total Assets	29.99	29.68	29.29	31.23	26.52
Total Debt / EBITDA	0.01	0.02	0.02	0.02	0.02
Net Debt / EBITDA	-1.99	-2.07	-2.11	-1.69	-1.44
Total Debt / (EBITDA - Capex)	0.01	0.02	0.03	0.02	0.02
Net Debt / (EBITDA - Capex)	-2.45	-2.86	-2.76	-1.97	-1.67
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.92	4.62	0.93	16.52	0.4
Gross Profit, 1 Yr. Growth %	1.47	3.55	1.03	22.42	5
EBITDA, 1 Yr. Growth %	-2.54	4.73	-6.14	35.19	5.32
EBITA, 1 Yr. Growth %	-4.75	4.9	-10.25	41.62	8
EBIT, 1 Yr. Growth %	-4.75	4.9	-10.25	41.62	8
Earnings From Cont. Operations, 1 Yr. Growth %	-6.29	-0.32	-6.47	38.63	7.79
Net Income, 1 Yr. Growth %	-6.29	-0.32	-6.47	38.63	7.79
Normalized Net Income, 1 Yr. Growth %	-3.6	5.44	-9.58	39.54	8.85
Diluted EPS Before Extra, 1 Yr. Growth %	-5.84	-0.39	-6.53	39.63	9.35
Accounts Receivable, 1 Yr. Growth %	-39.97	-13.91	-4.09	27.94	20.89
Inventory, 1 Yr. Growth %	-90.29	-3.33	-4.02	17.37	18.37
Net Property, Plant and Equip., 1 Yr. Growth %	-0.71	9.68	2.73	2.1	7.37
Total Assets, 1 Yr. Growth %	5.58	5.13	8.73	9.42	3.09
Tangible Book Value, 1 Yr. Growth %	7.58	5.64	9.45	6.51	10.53
Common Equity, 1 Yr. Growth %	7.97	5.59	9.34	6.42	10.16
Cash From Operations, 1 Yr. Growth %	-87.52	870.99	-53.59	188.9	-75.01
Capital Expenditures, 1 Yr. Growth %	-14.2	52.52	-19.58	-17.89	2.32
Levered Free Cash Flow, 1 Yr. Growth %	-337.26	-135.39	-165.31	-569.9	-116.12
Unlevered Free Cash Flow, 1 Yr. Growth %	-337.26	-135.39	-165.31	-569.9	-116.12
Dividend Per Share, 1 Yr. Growth %	9.3	4.26	4.08	37.25	8.57
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.7	4.77	2.76	8.45	8.16
Gross Profit, 2 Yr. CAGR %	9.87	2.5	2.28	11.21	13.37
EBITDA, 2 Yr. CAGR %	15.41	1.03	-0.85	12.65	19.32
EBITA, 2 Yr. CAGR %	18.58	-0.04	-2.97	12.74	23.67
EBIT, 2 Yr. CAGR %	18.58	-0.04	-2.97	12.74	23.67
Earnings From Cont. Operations, 2 Yr. CAGR %	21.52	-3.35	-3.44	13.87	22.24
Net Income, 2 Yr. CAGR %	21.52	-3.35	-3.44	13.87	22.24
Normalized Net Income, 2 Yr. CAGR %	17.46	0.82	-2.36	12.33	23.25
Diluted EPS Before Extra, 2 Yr. CAGR %	22.44	-3.15	-3.51	14.24	23.57
Accounts Receivable, 2 Yr. CAGR %	-16.94	-28.11	-9.13	10.77	24.37
Inventory, 2 Yr. CAGR %	-62.6	-69.36	-3.68	6.13	17.87
Net Property, Plant and Equip., 2 Yr. CAGR %	5.35	4.36	6.15	2.41	4.7
Total Assets, 2 Yr. CAGR %	8.96	5.35	6.92	9.08	6.21
Tangible Book Value, 2 Yr. CAGR %	8.24	6.6	7.53	7.97	8.5
Common Equity, 2 Yr. CAGR %	8.62	6.77	7.45	7.87	8.27
Cash From Operations, 2 Yr. CAGR %	-50.15	10.08	112.28	15.79	-15.03
Capital Expenditures, 2 Yr. CAGR %	-5.3	14.4	10.75	-18.74	-8.34
Levered Free Cash Flow, 2 Yr. CAGR %	67.01	-8.37	-51.92	75.18	-12.97
Unlevered Free Cash Flow, 2 Yr. CAGR %	67.01	-8.37	-51.92	75.18	-12.97
Dividend Per Share, 2 Yr. CAGR %	17.57	6.75	4.17	19.52	22.07
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.58	6.66	3.47	7.15	5.69
Gross Profit, 3 Yr. CAGR %	6.44	7.72	2.01	8.6	9.1
EBITDA, 3 Yr. CAGR %	10.29	11.74	-1.42	9.95	10.15
EBITA, 3 Yr. CAGR %	12.29	13.83	-3.57	10.06	11.14
EBIT, 3 Yr. CAGR %	12.29	13.83	-3.57	10.06	11.14
Earnings From Cont. Operations, 3 Yr. CAGR %	14.85	13.76	-4.4	8.93	11.81
Net Income, 3 Yr. CAGR %	14.85	13.76	-4.4	8.93	11.81
Normalized Net Income, 3 Yr. CAGR %	11.89	13.31	-2.77	9.98	11.16
Diluted EPS Before Extra, 3 Yr. CAGR %	15.91	14.3	-4.29	9.14	12.59
Accounts Receivable, 3 Yr. CAGR %	-6.44	-15.94	-20.86	1.85	14.05
Inventory, 3 Yr. CAGR %	-55.94	-48.68	-55.17	2.88	10.06
Net Property, Plant and Equip., 3 Yr. CAGR %	2.62	6.78	3.81	4.78	4.04
Total Assets, 3 Yr. CAGR %	6.54	7.67	6.47	7.75	7.04
Tangible Book Value, 3 Yr. CAGR %	6.49	7.37	7.54	7.19	8.81
Common Equity, 3 Yr. CAGR %	6.74	7.6	7.62	7.1	8.63
Cash From Operations, 3 Yr. CAGR %	-68.51	34.12	-17.46	135.25	-30.55
Capital Expenditures, 3 Yr. CAGR %	5.99	11	1.72	0.24	-12.25
Levered Free Cash Flow, 3 Yr. CAGR %	-36.64	-0.43	-18.15	2.79	-20.92
Unlevered Free Cash Flow, 3 Yr. CAGR %	-36.64	-0.43	-18.15	2.79	-20.92
Dividend Per Share, 3 Yr. CAGR %	13.67	12.96	5.85	14.2	15.75
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.54	6.61	5.63	7.37	5.32
Gross Profit, 5 Yr. CAGR %	5.39	5.77	4.76	9.11	6.41
EBITDA, 5 Yr. CAGR %	10.91	9.28	5.69	12.1	6.41
EBITA, 5 Yr. CAGR %	12.72	11.06	5.92	13.39	6.52
EBIT, 5 Yr. CAGR %	12.72	11.06	5.92	13.39	6.52
Earnings From Cont. Operations, 5 Yr. CAGR %	14.21	11.25	7.15	13.8	5.48
Net Income, 5 Yr. CAGR %	14.21	11.25	7.15	13.8	5.48
Normalized Net Income, 5 Yr. CAGR %	12.15	10.81	5.95	12.91	6.9
Diluted EPS Before Extra, 5 Yr. CAGR %	15.13	12.13	7.72	14.28	6.01
Accounts Receivable, 5 Yr. CAGR %	-9.38	-11.86	-7.52	-6.13	-5.18
Inventory, 5 Yr. CAGR %	-34.46	-39.3	-39.75	-31.37	-34
Net Property, Plant and Equip., 5 Yr. CAGR %	3.31	4.62	4.02	5.01	4.17
Total Assets, 5 Yr. CAGR %	5.22	5.34	6.69	8.23	6.37
Tangible Book Value, 5 Yr. CAGR %	5.71	5.68	6.9	7.61	7.92
Common Equity, 5 Yr. CAGR %	5.79	5.8	7.02	7.71	7.88
Cash From Operations, 5 Yr. CAGR %	-23.62	7.95	-32.44	26.46	-16.5
Capital Expenditures, 5 Yr. CAGR %	-1.28	5.86	7.87	-2.02	-2.43
Levered Free Cash Flow, 5 Yr. CAGR %	0.04	16.23	-43.26	24.82	-16.12
Unlevered Free Cash Flow, 5 Yr. CAGR %	0.04	16.23	-43.26	24.82	-16.12
Dividend Per Share, 5 Yr. CAGR %	16.4	13.51	9.77	15.54	12.06