Income Statement ISB Corporation

Stocks

9702

JP3100700008

Software

Market Closed - Japan Exchange 10:30:00 18/09/2026 +04			5-day change	1st Jan Change
2,432.00 ^JPY	-0.98%		+2.79%	+40.33%

08-07	ISB Corporation Reports Earnings Results for the Half Year Ended June 30, 2026	CI
05-08	ISB Corporation Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: ISB CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Revenues	26.18B	28.95B	32.39B	33.95B	37.02B
Total Revenues	26.18B	28.95B	32.39B	33.95B	37.02B
Cost of Goods Sold, Total	19.88B	22B	24.59B	25.71B	28.53B
Gross Profit	6.3B	6.96B	7.8B	8.24B	8.49B
Selling General & Admin Expenses, Total	3.97B	4.28B	4.71B	5.44B	6.1B
Provision for Bad Debts	-	-	-8M	-	-
R&D Expenses	-	-	-	-	-
Amortization of Goodwill and Intangible Assets - (IS)	451M	355M	355M	-	71M
Other Operating Expenses, Total	4.42B	4.64B	5.06B	5.44B	6.17B
Operating Income	1.87B	2.32B	2.74B	2.8B	2.32B
Interest Expense, Total	-1M	-1M	-1M	-1M	-1M
Interest And Investment Income	49M	29M	29M	44M	35M
Net Interest Expenses	48M	28M	28M	43M	34M
Currency Exchange Gains (Loss)	-	-17M	-10M	-18M	-8M
Other Non Operating Income (Expenses)	22M	52M	48M	75M	42M
EBT, Excl. Unusual Items	1.94B	2.38B	2.81B	2.9B	2.38B
Gain (Loss) On Sale Of Investments	-	17M	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-8M	-
Asset Writedown	-	-	-188M	-	-
Other Unusual Items	-	-6M	-253M	-	-
EBT, Incl. Unusual Items	1.94B	2.39B	2.37B	2.89B	2.38B
Income Tax Expense	830M	970M	896M	860M	948M
Earnings From Continuing Operations	1.11B	1.42B	1.47B	2.03B	1.44B
Net Income to Company	1.11B	1.42B	1.47B	2.03B	1.44B
Net Income - (IS)	1.11B	1.42B	1.47B	2.03B	1.44B
Net Income to Common Incl Extra Items	1.11B	1.42B	1.47B	2.03B	1.44B
Net Income to Common Excl. Extra Items	1.11B	1.42B	1.47B	2.03B	1.44B
Per Share Items
Net EPS - Basic	97.75	125.04	129.03	177.76	125.28
Basic EPS - Continuing Operations	97.75	125.04	129.03	177.76	125.28
Basic Weighted Average Shares Outstanding	11.36M	11.38M	11.41M	11.43M	11.45M
Net EPS - Diluted	97.75	125.04	129.03	177.76	125.28
Diluted EPS - Continuing Operations	97.75	125.04	129.03	177.76	125.28
Diluted Weighted Average Shares Outstanding	11.36M	11.38M	11.41M	11.43M	11.45M
Normalized Basic EPS	106.78	130.82	153.89	158.56	130.03
Normalized Diluted EPS	106.78	130.82	153.89	158.56	130.03
Dividend Per Share	30	40	42	54	55
Payout Ratio	31.98	23.89	30.77	23.57	42.93
Supplemental Items
EBITDA	2.43B	2.8B	3.23B	3.05B	2.77B
EBITA	2.32B	2.67B	3.1B	2.8B	2.39B
EBIT	1.87B	2.32B	2.74B	2.8B	2.32B
Effective Tax Rate - (Ratio)	42.78	40.53	37.84	29.74	39.78
Normalized Net Income	1.21B	1.49B	1.76B	1.81B	1.49B
Non-Cash Pension Expense	65.55M	59.24M	50.93M	75.93M	96M
Supplemental Operating Expense Items
General and Administrative Expenses	339M	363M	369M	355M	384M
Research And Development Expense From Footnotes	211M	165M	135M	164M	125M

Fiscal Period: December	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Assets
Cash And Equivalents	6.07B	7.63B	8.88B	8.98B	9.08B
Total Cash And Short Term Investments	6.07B	7.63B	8.88B	8.98B	9.08B
Accounts Receivable, Total	4.93B	5.38B	5.81B	6.07B	6.38B
Total Receivables	4.93B	5.38B	5.81B	6.07B	6.38B
Inventory	348M	727M	694M	922M	1.13B
Prepaid Expenses	143M	149M	165M	195M	277M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	121M	146M	121M	91M	77M
Total Current Assets	11.61B	14.03B	15.66B	16.26B	16.95B
Net Property Plant And Equipment	991M	1B	917M	1.03B	1.92B
Long-term Investments	851M	779M	1B	1.44B	1.64B
Goodwill	711M	355M	-	625M	286M
Other Intangibles, Total	45M	39M	36M	99M	483M
Deferred Tax Assets Long-Term	150M	246M	369M	348M	328M
Other Long-Term Assets, Total	-	1M	1M	2M	2M
Total Assets	14.36B	16.46B	17.99B	19.8B	21.61B
Liabilities
Accounts Payable, Total	1.64B	2.07B	2.12B	2.3B	2.37B
Accrued Expenses, Total	147M	136M	174M	313M	382M
Short-term Borrowings	120M	120M	120M	120M	120M
Current Income Taxes Payable	1.91B	2.38B	2.48B	2.36B	2.53B
Other Current Liabilities	408M	523M	787M	694M	708M
Total Current Liabilities	4.22B	5.23B	5.68B	5.78B	6.11B
Long-Term Debt	-	-	-	-	-
Pension & Other Post Retirement Benefits	289M	291M	312M	345M	348M
Deferred Tax Liability Non Current	43M	-	-	-	172M
Other Non Current Liabilities	249M	254M	181M	167M	459M
Total Liabilities	4.8B	5.78B	6.17B	6.3B	7.09B
Common Stock, Total	2.35B	2.36B	2.38B	2.39B	2.41B
Additional Paid In Capital	2.95B	2.96B	2.98B	3B	3.01B
Retained Earnings	4.12B	5.22B	6.24B	7.79B	8.6B
Comprehensive Income and Other	143M	138M	224M	328M	493M
Total Common Equity	9.56B	10.68B	11.82B	13.5B	14.52B
Total Equity	9.56B	10.68B	11.82B	13.5B	14.52B
Total Liabilities And Equity	14.36B	16.46B	17.99B	19.8B	21.61B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	11.36M	11.39M	11.42M	11.44M	11.46M
ECS Total Common Shares Outstanding	11.36M	11.39M	11.42M	11.44M	11.46M
Book Value / Share	841.06	937.96	1.04K	1.18K	1.27K
Tangible Book Value	8.8B	10.29B	11.78B	12.78B	13.75B
Tangible Book Value Per Share	774.53	903.36	1.03K	1.12K	1.2K
Total Debt	120M	120M	120M	120M	120M
Net Debt	-5.95B	-7.51B	-8.76B	-8.86B	-8.96B
Debt Equivalent of Unfunded Proj. Benefit Obligation	236M	238M	254M	274M	263M
Inventories - Raw Materials, Total	1M	1M	1M	-	1M
Inventories - Work In Process, Total	81M	-	-	-	-
Inventories - Finished Goods, Total	265M	726M	692M	921M	1.13B
Inventories - Others	1M	-	1M	1M	-
Full Time Employees	1.79K	1.89K	1.98K	2.12K	2.25K
Accumulated Allowance for Doubtful Accounts (Supple)	35M	37M	6M	4M	5M
Order Backlog	5.26B	6.87B	6.69B	8.42B	8.67B

Fiscal Period: December	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Net Income	1.94B	2.39B	2.37B	2.89B	2.38B
Depreciation & Amortization - CF	105M	131M	136M	253M	381M
Amortization of Goodwill and Intangible Assets - (CF)	451M	355M	355M	-	71M
Depreciation & Amortization, Total	556M	486M	491M	253M	452M
(Gain) Loss From Sale Of Asset	-	-	188M	8M	-
(Gain) Loss on Sale of Investments - (CF)	-	-17M	-	-	-
Other Operating Activities, Total	-809M	-799M	-1.33B	-876M	-860M
Change In Accounts Receivable	-513M	-307M	-395M	-224M	-296M
Change In Inventories	234M	-379M	33M	-228M	-210M
Change In Accounts Payable	121M	568M	189M	61M	178M
Change in Other Net Operating Assets	-72M	-20M	397M	-6M	97M
Cash from Operations	1.46B	1.93B	1.94B	1.88B	1.74B
Capital Expenditure	-148M	-115M	-114M	-372M	-895M
Sale of Property, Plant, and Equipment	-	-	-	108M	-
Cash Acquisitions	-	-	-	-626M	-
Sale (Purchase) of Intangible assets	-	-6M	-10M	-64M	-57M
Investment in Marketable and Equity Securities, Total	-4M	23M	-4M	-5M	-5M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-50M	25M	-142M	-395M	-60M
Cash from Investing	-202M	-73M	-270M	-1.35B	-1.02B
Short Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-20M	-	-	-	-
Long-Term Debt Repaid, Total	-25M	-	-	-	-
Total Debt Repaid	-45M	-	-	-	-
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-355M	-340M	-453M	-479M	-616M
Common & Preferred Stock Dividends Paid	-355M	-340M	-453M	-479M	-616M
Other Financing Activities, Total	-2M	-1M	-1M	-1M	-1M
Cash from Financing	-402M	-341M	-454M	-480M	-617M
Foreign Exchange Rate Adjustments	23M	42M	25M	56M	-6M
Miscellaneous Cash Flow Adjustments	-1M	-	-	-	-2M
Net Change in Cash	875M	1.55B	1.25B	102M	103M
Supplemental Items
Cash Interest Paid	-	-	-	-	1M
Cash Income Tax Paid (Refund)	841M	840M	1.26B	939M	898M
Levered Free Cash Flow	1.33B	1.96B	2.14B	1.18B	683M
Unlevered Free Cash Flow	1.33B	1.96B	2.14B	1.18B	684M
Change In Net Working Capital	247M	-142M	-61M	384M	263M
Net Debt Issued / Repaid	-45M	-	-	-	-

Fiscal Period: December	2021 (JPY)	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)
Profitability
Return on Assets	8.39	9.41	9.95	9.26	6.99
Return on Total Capital	12.59	14.15	15.08	13.69	10.24
Return On Equity %	12.12	14.06	13.08	16.05	10.24
Return on Common Equity	12.12	14.06	13.08	16.05	10.24
Margin Analysis
Gross Profit Margin %	24.05	24.02	24.08	24.27	22.92
SG&A Margin	15.18	14.79	14.54	16.02	16.48
EBITDA Margin %	9.27	9.69	9.99	8.99	7.47
EBITA Margin %	8.87	9.24	9.57	8.25	6.45
EBIT Margin %	7.14	8.01	8.47	8.25	6.25
Income From Continuing Operations Margin %	4.24	4.92	4.54	5.98	3.88
Net Income Margin %	4.24	4.92	4.54	5.98	3.88
Net Avail. For Common Margin %	4.24	4.92	4.54	5.98	3.88
Normalized Net Income Margin	4.63	5.14	5.42	5.34	4.02
Levered Free Cash Flow Margin	5.08	6.76	6.61	3.48	1.85
Unlevered Free Cash Flow Margin	5.08	6.76	6.61	3.48	1.85
Asset Turnover
Asset Turnover	1.88	1.88	1.88	1.8	1.79
Fixed Assets Turnover	27.4	29.02	33.72	34.82	25.05
Receivables Turnover (Average Receivables)	5.6	5.62	5.79	5.72	5.94
Inventory Turnover (Average Inventory)	42.71	40.92	34.61	31.82	27.78
Short Term Liquidity
Current Ratio	2.75	2.68	2.76	2.81	2.77
Quick Ratio	2.61	2.49	2.59	2.6	2.53
Operating Cash Flow to Current Liabilities	0.35	0.37	0.34	0.32	0.29
Days Sales Outstanding (Average Receivables)	65.17	64.99	63.06	64.04	61.41
Days Outstanding Inventory (Average Inventory)	8.55	8.92	10.55	11.5	13.14
Average Days Payable Outstanding	28.4	30.21	31.1	31.14	29.65
Cash Conversion Cycle (Average Days)	45.32	43.7	42.5	44.4	44.9
Long Term Solvency
Total Debt/Equity	1.26	1.12	1.02	0.89	0.83
Total Debt / Total Capital	1.24	1.11	1	0.88	0.82
LT Debt/Equity	-	-	-	-	-
Long-Term Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	33.45	35.1	34.29	31.8	32.8
EBIT / Interest Expense	1.87K	2.32K	2.74K	2.8K	2.32K
EBITDA / Interest Expense	2.43K	2.8K	3.23K	3.05K	2.77K
(EBITDA - Capex) / Interest Expense	2.28K	2.69K	3.12K	2.68K	1.87K
Total Debt / EBITDA	0.05	0.04	0.04	0.04	0.04
Net Debt / EBITDA	-2.45	-2.68	-2.71	-2.9	-3.24
Total Debt / (EBITDA - Capex)	0.05	0.04	0.04	0.04	0.06
Net Debt / (EBITDA - Capex)	-2.61	-2.79	-2.81	-3.3	-4.79
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	7.13	10.61	11.87	4.84	9.03
Gross Profit, 1 Yr. Growth %	7.72	10.48	12.14	5.65	2.99
EBITDA, 1 Yr. Growth %	8.98	15.62	15.29	-5.6	-9.37
EBITA, 1 Yr. Growth %	9.58	15.21	15.86	-9.62	-14.79
EBIT, 1 Yr. Growth %	13.75	24.01	18.28	2.08	-17.32
Earnings From Cont. Operations, 1 Yr. Growth %	11.67	28.2	3.44	38.04	-29.38
Net Income, 1 Yr. Growth %	11.67	28.2	3.44	38.04	-29.38
Normalized Net Income, 1 Yr. Growth %	13.38	22.78	17.93	3.24	-17.83
Diluted EPS Before Extra, 1 Yr. Growth %	3.92	27.92	3.19	37.77	-29.52
Accounts Receivable, 1 Yr. Growth %	11.47	9.26	7.9	4.58	5.09
Inventory, 1 Yr. Growth %	-40.31	108.91	-4.54	32.85	22.78
Net Property, Plant and Equip., 1 Yr. Growth %	7.72	1.31	-8.67	12.65	86.16
Total Assets, 1 Yr. Growth %	6.34	14.6	9.3	10.07	9.14
Tangible Book Value, 1 Yr. Growth %	16.94	16.9	14.54	8.44	7.62
Common Equity, 1 Yr. Growth %	9.17	11.77	10.65	14.24	7.55
Cash From Operations, 1 Yr. Growth %	-21.79	32.19	0.99	-3.34	-7.18
Capital Expenditures, 1 Yr. Growth %	102.74	-22.3	-0.87	226.32	140.59
Levered Free Cash Flow, 1 Yr. Growth %	-19.9	47.15	9.51	-44.79	-42.21
Unlevered Free Cash Flow, 1 Yr. Growth %	-20.02	47.12	9.51	-44.78	-42.19
Dividend Per Share, 1 Yr. Growth %	13.21	33.33	5	28.57	1.85
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.81	8.85	11.23	8.29	6.91
Gross Profit, 2 Yr. CAGR %	10.28	9.09	11.31	8.85	4.31
EBITDA, 2 Yr. CAGR %	15.42	12.25	15.46	4.33	-7.5
EBITA, 2 Yr. CAGR %	17.16	12.36	15.53	2.33	-12.24
EBIT, 2 Yr. CAGR %	25.15	18.77	21.11	9.88	-8.13
Earnings From Cont. Operations, 2 Yr. CAGR %	32.42	19.65	15.16	19.5	-1.26
Net Income, 2 Yr. CAGR %	32.42	19.65	15.16	19.5	-1.26
Normalized Net Income, 2 Yr. CAGR %	25.74	17.99	20.33	10.34	-7.89
Diluted EPS Before Extra, 2 Yr. CAGR %	25.57	15.3	14.89	19.23	-1.46
Accounts Receivable, 2 Yr. CAGR %	8.49	10.36	8.57	6.22	4.83
Inventory, 2 Yr. CAGR %	-24.53	11.67	41.22	12.62	27.72
Net Property, Plant and Equip., 2 Yr. CAGR %	4.82	4.47	-3.81	1.43	44.81
Total Assets, 2 Yr. CAGR %	8.3	10.39	11.92	9.68	9.61
Tangible Book Value, 2 Yr. CAGR %	32.94	16.92	15.71	11.45	8.03
Common Equity, 2 Yr. CAGR %	19.55	10.46	11.21	12.43	10.84
Cash From Operations, 2 Yr. CAGR %	4	1.68	15.54	-1.2	-5.28
Capital Expenditures, 2 Yr. CAGR %	40.48	25.51	-12.24	79.86	180.19
Levered Free Cash Flow, 2 Yr. CAGR %	-15.7	8.56	26.94	-22.25	-43.52
Unlevered Free Cash Flow, 2 Yr. CAGR %	-15.84	8.48	26.93	-22.24	-43.5
Dividend Per Share, 2 Yr. CAGR %	25.66	22.86	18.32	16.19	14.43
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	14.49	8.74	9.85	9.06	8.54
Gross Profit, 3 Yr. CAGR %	21.37	10.35	10.1	9.39	6.86
EBITDA, 3 Yr. CAGR %	27.41	15.49	13.26	7.96	-0.45
EBITA, 3 Yr. CAGR %	31.53	16.5	13.51	6.45	-3.73
EBIT, 3 Yr. CAGR %	29.1	24.77	18.61	14.4	-0.06
Earnings From Cont. Operations, 3 Yr. CAGR %	26.68	31	13.98	22.33	0.28
Net Income, 3 Yr. CAGR %	26.68	31	13.98	22.33	0.28
Normalized Net Income, 3 Yr. CAGR %	28.42	24.75	17.97	14.34	0.01
Diluted EPS Before Extra, 3 Yr. CAGR %	22.27	26.35	11.11	22.06	0.06
Accounts Receivable, 3 Yr. CAGR %	11.04	8.74	9.53	7.23	5.84
Inventory, 3 Yr. CAGR %	-17.42	5.97	5.98	38.37	15.91
Net Property, Plant and Equip., 3 Yr. CAGR %	5.88	3.64	-0.11	1.39	24.19
Total Assets, 3 Yr. CAGR %	12.89	10.36	10.03	11.3	9.5
Tangible Book Value, 3 Yr. CAGR %	15.66	27.36	16.12	13.24	10.16
Common Equity, 3 Yr. CAGR %	15.61	16.9	10.53	12.21	10.78
Cash From Operations, 3 Yr. CAGR %	8.05	12.66	1.45	8.87	-3.24
Capital Expenditures, 3 Yr. CAGR %	11.77	15.31	16.02	35.96	98.17
Levered Free Cash Flow, 3 Yr. CAGR %	13.39	1.5	8.88	-3.82	-29.57
Unlevered Free Cash Flow, 3 Yr. CAGR %	13.31	1.39	8.82	-3.82	-29.56
Dividend Per Share, 3 Yr. CAGR %	22.05	28.16	16.59	21.64	11.2
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	14.34	11.68	13.18	8.56	8.66
Gross Profit, 5 Yr. CAGR %	28.17	17.85	17.24	9.75	7.75
EBITDA, 5 Yr. CAGR %	31.8	24.73	22.49	10.89	4.45
EBITA, 5 Yr. CAGR %	45.25	29.09	24.88	10.61	2.41
EBIT, 5 Yr. CAGR %	43.91	31.27	25.85	18.59	7.09
Earnings From Cont. Operations, 5 Yr. CAGR %	44.7	35.9	21.94	26.27	7.62
Net Income, 5 Yr. CAGR %	44.7	35.9	21.94	26.27	7.62
Normalized Net Income, 5 Yr. CAGR %	43.04	30.64	25.12	18.77	6.85
Diluted EPS Before Extra, 5 Yr. CAGR %	41.65	32.98	19.26	23.45	5.9
Accounts Receivable, 5 Yr. CAGR %	11.74	9.89	10.04	7.73	7.63
Inventory, 5 Yr. CAGR %	4.52	2.55	2.35	8.58	14.19
Net Property, Plant and Equip., 5 Yr. CAGR %	17.69	3.96	1.89	2.75	15.89
Total Assets, 5 Yr. CAGR %	12.98	12.35	12.5	10.09	9.86
Tangible Book Value, 5 Yr. CAGR %	11.52	15.14	15.68	20.74	12.81
Common Equity, 5 Yr. CAGR %	11.46	12.98	13.83	15.09	10.65
Cash From Operations, 5 Yr. CAGR %	33.39	46.03	10.99	6.9	-1.3
Capital Expenditures, 5 Yr. CAGR %	26.88	20.64	1.47	37.75	65.08
Levered Free Cash Flow, 5 Yr. CAGR %	71.58	79.74	18.63	-8.76	-16.26
Unlevered Free Cash Flow, 5 Yr. CAGR %	71.6	77.87	18.57	-8.82	-16.28
Dividend Per Share, 5 Yr. CAGR %	19.14	26.19	20.55	23.23	15.72