JP-listed companies
Sumitomo Forestry Co.,Ltd.

Sumitomo Forestry Co.,Ltd.JP:1911

Market cap

¥1.4T

P/E ratio

11.1x

Income statement Balance sheet Cash flow

	Mar 31, 2012	Mar 31, 2013	Mar 31, 2014	Mar 31, 2015	Mar 31, 2016	Mar 31, 2017	Mar 31, 2018	Mar 31, 2019	Mar 31, 2020	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Cash and deposits	-	56,155	75,694	81,756	83,499	111,506	105,865	82,421	92,774	85,850	139,957	128,752	154,067
Notes and accounts receivable - trade	-	121,053	128,580	118,156	121,415	119,274	127,387	135,636	123,030	119,687	140,075	112,487	103,164
Electronically recorded monetary claims - operating	-	-	-	-	-	-	-	-	-	-	36,261	41,974	41,053
Accounts receivable from completed construction contracts and contract assets	-	-	-	-	-	-	-	-	-	-	-	57,946	65,213
Accounts receivable from completed construction contracts and contract assets	-	-	-	-	-	-	-	-	-	-	-	57,946	65,213
Securities	-	11,000	43,000	26,000	34,000	6,500	5,010	5,304	3,658	3,204	3,303	3,177	3,167
Securities	-	11,000	43,000	26,000	34,000	6,500	5,010	5,304	3,658	3,204	3,303	3,177	3,167
Merchandise and finished goods	-	15,939	19,831	18,351	17,388	14,708	17,603	20,588	18,949	13,762	24,426	24,576	21,209
Merchandise and finished goods	-	15,939	19,831	18,351	17,388	14,708	17,603	20,588	18,949	13,762	24,426	24,576	21,209
Work in process	-	1,192	1,215	1,299	1,390	1,389	1,268	1,443	1,254	1,312	1,483	2,050	2,026
Costs on construction contracts in progress	-	27,057	35,564	22,863	23,906	23,934	25,322	26,945	14,164	14,993	14,973	16,098	16,176
Raw materials and supplies	-	5,145	5,877	6,909	7,328	7,917	7,602	8,039	8,188	8,080	9,696	11,385	12,409
Real estate for sale	-	-	-	-	43,239	48,291	55,751	63,736	66,734	54,010	49,180	106,436	127,930
Costs on construction contracts in progress	-	27,057	35,564	22,863	23,906	23,934	25,322	26,945	14,164	14,993	14,973	16,098	16,176
Real estate for sale in process	-	-	11,132	37,063	56,371	80,389	138,457	173,472	185,405	225,298	332,898	434,028	524,556
Real estate for sale	-	-	-	-	43,239	48,291	55,751	63,736	66,734	54,010	49,180	106,436	127,930
Real estate for sale in process	-	-	11,132	37,063	56,371	80,389	138,457	173,472	185,405	225,298	332,898	434,028	524,556
Short-term loans receivable	-	36,852	33,397	32,571	31,709	30,287	15,479	20,267	20,461	35,390	35,493	28,107	27,358
Short-term loans receivable	-	36,852	33,397	32,571	31,709	30,287	15,479	20,267	20,461	35,390	35,493	28,107	27,358
Accounts receivable - other	-	47,935	54,254	44,619	46,963	45,902	41,722	45,967	46,377	46,468	54,680	56,920	87,218
Other	-	5,589	5,559	8,752	12,004	13,551	16,191	16,756	20,845	25,208	36,600	49,349	50,972
Accounts receivable - other	-	47,935	54,254	44,619	46,963	45,902	41,722	45,967	46,377	46,468	54,680	56,920	87,218
Allowance for doubtful accounts	-	-1,291	-724	-998	-842	-438	-343	-355	-545	-396	-348	-521	-489
Other	-	5,589	5,559	8,752	12,004	13,551	16,191	16,756	20,845	25,208	36,600	49,349	50,972
Current assets	-	367,478	446,855	450,220	491,469	514,390	572,101	609,820	636,059	677,962	891,912	1,072,763	1,236,028
Allowance for doubtful accounts	-	-1,291	-724	-998	-842	-438	-343	-355	-545	-396	-348	-521	-489
Current assets	-	367,478	446,855	450,220	491,469	514,390	572,101	609,820	636,059	677,962	891,912	1,072,763	1,236,028
Buildings and structures	-	51,621	59,845	62,856	62,685	63,411	78,307	87,084	100,932	107,217	109,086	111,884	118,115
Accumulated depreciation	-	-25,003	-28,514	-30,968	-30,621	-29,272	-37,533	-39,850	-42,496	-45,620	-50,736	-54,619	-59,443
Buildings and structures, net	-	26,618	31,331	31,888	32,064	34,139	40,774	47,234	58,436	61,597	58,350	57,265	58,671
Machinery, equipment and vehicles	-	61,161	71,418	78,696	70,991	76,290	77,588	76,357	76,946	76,794	81,599	89,673	95,486
Accumulated depreciation	-	-43,711	-51,284	-57,492	-51,548	-46,495	-48,401	-49,245	-51,583	-53,123	-58,569	-66,687	-72,070
Machinery, equipment and vehicles, net	-	17,450	20,134	21,204	19,443	29,796	29,187	27,113	25,362	23,672	23,031	22,986	23,416
Land	-	23,573	26,665	27,007	26,817	30,597	34,216	39,513	39,603	40,725	41,516	46,328	52,317
Mature timber	-	-	-	-	10,099	37,189	36,735	35,439	34,243	35,753	38,331	40,247	43,177
Leased assets	-	8,139	9,214	10,299	9,632	10,724	10,728	8,535	11,211	11,850	12,578	19,596	28,359
Accumulated depreciation	-	-4,048	-4,350	-4,815	-5,439	-6,034	-5,391	-4,115	-4,138	-3,743	-4,902	-7,392	-9,821
Leased assets	-	4,091	4,864	5,484	4,193	4,691	5,337	4,419	7,073	8,106	7,677	12,203	18,537
Land	-	23,573	26,665	27,007	26,817	30,597	34,216	39,513	39,603	40,725	41,516	46,328	52,317
Construction in progress	-	1,346	6,917	8,628	13,572	6,013	2,700	11,770	9,399	10,667	9,889	13,459	22,410
Mature timber	-	-	-	-	10,099	37,189	36,735	35,439	34,243	35,753	38,331	40,247	43,177
Other	-	18,975	20,826	22,730	20,656	11,874	14,027	15,811	17,537	18,338	20,112	21,339	24,011
Accumulated depreciation	-	-6,153	-7,005	-7,895	-8,045	-8,500	-9,863	-10,815	-12,207	-12,913	-14,723	-15,025	-16,265
Other, net	-	12,822	13,821	14,835	12,611	3,374	4,165	4,996	5,330	5,426	5,390	6,314	7,746
Leased assets	-	4,091	4,864	5,484	4,193	4,691	5,337	4,419	7,073	8,106	7,677	12,203	18,537
Property, plant and equipment	-	85,900	103,733	109,046	108,700	145,798	153,113	170,000	179,446	185,948	184,183	198,802	226,274
Construction in progress	-	1,346	6,917	8,628	13,572	6,013	2,700	11,770	9,399	10,667	9,889	13,459	22,410
Property, plant and equipment	-	85,900	103,733	109,046	108,700	145,798	153,113	170,000	179,446	185,948	184,183	198,802	226,274
Goodwill	-	737	3,122	5,981	8,258	12,189	15,762	12,651	7,588	6,556	4,559	5,911	45,892
Other	-	8,420	8,570	10,306	11,883	12,421	13,309	13,900	14,886	15,071	16,111	16,964	18,466
Intangible assets	-	9,157	11,692	16,286	18,445	23,486	29,071	26,551	22,474	21,626	20,671	22,876	64,358
Intangible assets	-	9,157	11,692	16,286	18,445	23,486	29,071	26,551	22,474	21,626	20,671	22,876	64,358
Investment securities	-	59,588	65,499	75,322	74,875	91,806	131,470	140,968	137,845	175,262	181,436	203,572	229,667
Long-term loans receivable	-	1,247	649	3,051	3,481	3,683	2,294	2,501	4,165	5,471	7,115	8,938	16,418
Retirement benefit asset	-	-	68	303	74	142	138	238	92	326	590	710	4,653
Long-term loans receivable	-	1,247	649	3,051	3,481	3,683	2,294	2,501	4,165	5,471	7,115	8,938	16,418
Deferred tax assets	-	-	-	-	-	-	-	4,945	5,983	6,835	7,773	7,736	8,312
Other	-	25,480	16,997	11,567	12,042	14,141	14,657	16,991	19,564	18,631	21,448	23,211	28,089
Allowance for doubtful accounts	-	-2,220	-2,093	-2,452	-2,104	-2,362	-2,440	-1,039	-860	-909	-902	-1,010	-1,078
Investments and other assets	-	85,439	82,917	89,986	91,704	110,686	151,366	164,605	166,789	205,617	217,460	243,158	286,062
Other	-	25,480	16,997	11,567	12,042	14,141	14,657	16,991	19,564	18,631	21,448	23,211	28,089
Allowance for doubtful accounts	-	-2,220	-2,093	-2,452	-2,104	-2,362	-2,440	-1,039	-860	-909	-902	-1,010	-1,078
Investments and other assets	-	85,439	82,917	89,986	91,704	110,686	151,366	164,605	166,789	205,617	217,460	243,158	286,062
Non-current assets	-	180,495	198,342	215,318	218,849	279,970	333,550	361,156	368,709	413,191	422,314	464,835	576,694
Assets	-	547,973	645,197	665,538	710,318	794,360	903,682	970,976	1,004,768	1,091,152	1,314,226	1,537,598	1,812,722
Electronically recorded obligations - operating	-	-	-	-	-	-	-	-	-	-	30,682	30,662	30,931
Notes and accounts payable - trade	-	104,655	115,294	102,951	107,651	111,281	111,587	118,547	109,179	111,612	134,065	105,540	107,458
Electronically recorded obligations - operating	-	-	-	-	-	-	-	-	-	-	30,682	30,662	30,931
Accounts payable for construction contracts	-	64,968	76,136	64,612	68,793	71,211	70,266	75,595	83,281	80,219	98,165	103,566	130,618
Commercial papers	-	-	-	-	-	-	-	-	-	10,000	-	-	30,000
Short-term borrowings	-	25,995	26,434	31,340	27,586	37,108	40,490	61,506	39,403	50,106	25,024	45,966	51,755
Current portion of bonds payable	-	-	10,000	-	5,000	-	-	-	-	-	12	12	10,012
Commercial papers	-	-	-	-	-	-	-	-	-	10,000	-	-	30,000
Current portion of bonds with share acquisition rights	-	-	-	-	-	-	20,000	-	-	-	-	10,015	-
Current portion of bonds payable	-	-	10,000	-	5,000	-	-	-	-	-	12	12	10,012
Current portion of bonds with share acquisition rights	-	-	-	-	-	-	20,000	-	-	-	-	10,015	-
Lease liabilities	-	1,067	1,468	2,146	1,691	1,628	1,100	584	495	1,005	825	2,120	3,615
Income taxes payable	-	5,589	8,102	4,617	7,572	5,511	4,830	4,902	4,862	1,937	6,248	5,137	8,152
Income taxes payable	-	5,589	8,102	4,617	7,572	5,511	4,830	4,902	4,862	1,937	6,248	5,137	8,152
Contract liabilities	-	-	-	-	-	-	-	-	-	-	-	80,095	86,916
Provision for bonuses	-	9,392	10,360	9,866	10,873	11,139	11,708	14,353	15,337	16,781	22,460	24,210	21,970
Provision for bonuses for directors (and other officers)	-	110	120	135	130	146	146	143	143	106	165	163	144
Contract liabilities	-	-	-	-	-	-	-	-	-	-	-	80,095	86,916
Provision for warranties for completed construction	-	1,711	2,035	2,275	2,770	3,849	3,595	3,733	5,388	6,175	7,492	7,415	10,203
Asset retirement obligations	-	569	559	467	478	551	584	853	857	945	961	234	325
Other	-	19,336	20,502	26,910	32,081	33,332	42,978	41,359	68,721	68,082	85,485	78,975	95,889
Provision for bonuses	-	9,392	10,360	9,866	10,873	11,139	11,708	14,353	15,337	16,781	22,460	24,210	21,970
Current liabilities	-	276,143	326,130	292,110	313,254	324,004	357,527	373,772	362,892	380,293	421,003	494,110	587,989
Provision for bonuses for directors (and other officers)	-	110	120	135	130	146	146	143	143	106	165	163	144
Provision for warranties for completed construction	-	1,711	2,035	2,275	2,770	3,849	3,595	3,733	5,388	6,175	7,492	7,415	10,203
Asset retirement obligations	-	569	559	467	478	551	584	853	857	945	961	234	325
Other	-	19,336	20,502	26,910	32,081	33,332	42,978	41,359	68,721	68,082	85,485	78,975	95,889
Current liabilities	-	276,143	326,130	292,110	313,254	324,004	357,527	373,772	362,892	380,293	421,003	494,110	587,989
Bonds payable	-	15,000	5,000	5,000	-	20,000	50,000	70,000	90,000	90,000	90,152	90,140	80,192
Long-term borrowings	-	24,189	26,616	41,214	62,115	81,818	84,374	102,269	120,537	133,255	168,278	187,807	230,306
Lease liabilities	-	2,978	3,458	3,669	2,676	3,264	4,666	4,436	7,986	8,512	8,438	12,263	17,991
Lease liabilities	-	2,978	3,458	3,669	2,676	3,264	4,666	4,436	7,986	8,512	8,438	12,263	17,991
Deferred tax liabilities	-	-	-	-	-	-	-	11,474	6,262	18,578	23,044	35,406	34,612
Deferred tax liabilities	-	-	-	-	-	-	-	11,474	6,262	18,578	23,044	35,406	34,612
Provision for retirement benefits for directors (and other officers)	-	85	64	75	82	80	112	127	125	111	332	313	372
Provision for retirement benefits	-	9,720	-	-	-	-	-	-	-	-	-	-	-
Retirement benefit liability	-	-	11,038	13,066	23,718	18,732	16,723	19,822	22,574	18,700	17,148	11,792	10,587
Asset retirement obligations	-	813	874	975	927	937	922	1,157	1,378	1,544	1,778	3,608	3,248
Asset retirement obligations	-	813	874	975	927	937	922	1,157	1,378	1,544	1,778	3,608	3,248
Other	-	14,162	15,133	16,403	17,267	17,974	26,715	24,339	25,880	30,650	33,929	19,604	24,128
Other	-	14,162	15,133	16,403	17,267	17,974	26,715	24,339	25,880	30,650	33,929	19,604	24,128
Non-current liabilities	-	78,580	92,989	112,646	131,807	174,499	200,516	243,714	284,811	311,403	353,134	360,934	401,437
Non-current liabilities	-	78,580	92,989	112,646	131,807	174,499	200,516	243,714	284,811	311,403	353,134	360,934	401,437
Liabilities	-	354,723	419,120	404,756	445,061	498,503	558,043	617,486	647,704	691,696	774,136	855,045	989,426
Share capital	-	27,672	27,672	27,672	27,672	27,672	32,672	32,752	32,786	32,803	50,064	50,074	55,088
Capital surplus	-	26,872	26,872	26,872	26,872	18,637	23,637	22,247	21,290	18,485	33,899	31,493	36,530
Capital surplus	-	26,872	26,872	26,872	26,872	18,637	23,637	22,247	21,290	18,485	33,899	31,493	36,530
Retained earnings	-	127,489	146,654	161,286	166,762	196,511	219,562	241,427	255,545	283,416	359,641	447,216	524,297
Retained earnings	-	127,489	146,654	161,286	166,762	196,511	219,562	241,427	255,545	283,416	359,641	447,216	524,297
Treasury shares	-	-269	-272	-275	-278	-280	-2,333	-2,337	-2,339	-2,340	-2,362	-2,465	-2,517
Shareholders' equity	-	181,763	200,925	215,555	221,028	242,541	273,538	294,088	307,282	332,363	441,241	526,318	613,398
Valuation difference on available-for-sale securities	-	12,132	14,559	22,342	16,270	25,896	33,258	25,196	16,842	44,337	37,226	36,926	37,201
Deferred gains or losses on hedges	-	249	21	-124	-58	-80	-221	752	2,531	1,762	3,403	3,775	5,812
Valuation and translation adjustments	-	10,727	17,751	30,195	22,432	32,370	38,099	24,232	15,215	35,098	54,370	101,192	141,018
Foreign currency translation adjustment	-	-1,654	3,284	8,101	6,497	6,874	5,053	-1,733	-4,240	-11,098	13,699	60,443	97,960
Remeasurements of defined benefit plans	-	-	-112	-124	-276	-320	9	17	82	96	42	49	45
Valuation and translation adjustments	-	10,727	17,751	30,195	22,432	32,370	38,099	24,232	15,215	35,098	54,370	101,192	141,018
Share acquisition rights	-	-	-	-	36	82	129	135	120	120	116	96	74
Net assets	169,335	193,250	226,078	260,782	265,257	295,857	345,639	353,489	357,064	399,456	540,089	682,554	823,296
Non-controlling interests	-	-	-	15,032	21,761	20,864	33,873	35,034	34,448	31,875	44,361	54,948	68,807
Net assets	169,335	193,250	226,078	260,782	265,257	295,857	345,639	353,489	357,064	399,456	540,089	682,554	823,296
Liabilities and net assets	-	547,973	645,197	665,538	710,318	794,360	903,682	970,976	1,004,768	1,091,152	1,314,226	1,537,598	1,812,722