JP-listed companies
PAL GROUP Holdings CO.,LTD.

PAL GROUP Holdings CO.,LTD.JP:2726

Market cap

¥223.5B

P/E ratio

34.3x

Income statement Balance sheet Cash flow

	Feb 28, 2013	Feb 28, 2014	Feb 28, 2015	Feb 29, 2016	Feb 28, 2017	Feb 28, 2018	Feb 28, 2019	Feb 29, 2020	Feb 28, 2021	Feb 28, 2022	Feb 28, 2023	Feb 29, 2024
Net sales	92,479	100,033	108,089	114,410	116,457	123,241	130,474	132,163	108,522	134,200	164,482	192,544
Commissions from subsidiaries and associates	-	-	-	-	-	-	-	-	-	-	4,957	3,080
Dividends from subsidiaries and associates	-	-	-	-	-	-	-	-	-	-	2,802	7,070
Operating revenue	-	-	-	-	-	-	-	-	-	-	7,759	10,150
Cost of sales	40,214	45,322	47,145	51,558	51,154	54,490	57,774	57,776	49,284	59,886	74,260	86,261
Operating expenses	44,715	48,741	52,877	57,023	59,139	61,708	64,766	65,319	57,853	66,793	74,399	87,677
Gross profit (loss)	52,264	54,710	60,944	62,852	65,303	68,751	72,700	74,386	59,237	74,314	90,221	106,283
Operating profit (loss)	7,549	5,969	8,066	5,828	6,164	7,042	7,933	9,067	1,383	7,520	15,822	18,605
Advertising and promotion expenses	2,494	2,280	2,394	2,685	2,485	2,665	2,828	3,073	3,537	4,827	2,433	2,615
Provision for point card certificates	-	-	-	-	-	17	75	314	153	213	51	33
Transportation and storage costs	2,131	2,411	2,738	3,023	3,035	3,609	4,160	4,142	4,302	5,925	7,112	8,658
Salaries, allowances and bonuses	13,173	14,426	15,628	16,886	17,684	18,514	18,628	18,729	15,982	17,953	19,944	23,247
Provision for bonuses	828	955	1,122	1,001	1,255	1,522	1,807	1,737	1,642	1,777	2,602	3,315
Provision for bonuses for directors (and other officers)	298	233	281	68	164	103	326	427	14	204	546	741
Retirement benefit expenses	-	-	45	54	93	120	142	140	161	191	191	205
Provision for retirement benefits for directors (and other officers)	4	3	3	3	3	3	5	4	4	3	5	1,074
Welfare expenses	2,244	2,476	2,752	3,031	3,189	3,354	3,391	3,404	3,345	3,507	3,756	4,156
Rent expenses	15,309	16,713	18,109	19,348	19,892	19,958	20,087	19,895	15,841	17,414	19,728	21,961
Lease expenses	290	254	209	197	201	156	118	143	123	127	41	51
Other	7,813	8,878	9,592	10,728	11,115	11,699	13,195	13,307	12,745	14,645	17,984	21,618
Selling, general and administrative expenses	44,715	48,741	52,877	57,023	59,139	61,708	64,766	65,319	57,853	66,793	74,399	87,677
Interest income	7	9	11	2	1	1	1	1	1	1	1	1
Royalty income	-	-	-	-	-	-	-	5	25	13	14	10
Dividend income	-	-	-	-	-	-	-	-	-	-	-	-
Share of profit of entities accounted for using equity method	-	-	21	16	10	5	-	158	-	-	148	296
Rental income	28	21	10	6	8	12	12	14	12	6	29	29
Foreign exchange gains	11	110	-	5	-	-	-	-	-	4	3	-
Other	38	57	40	59	78	64	80	75	61	63	143	77
Subsidy income related to COVID	-	-	-	-	-	-	-	-	33	327	45	-
Non-operating income	134	231	132	107	100	84	94	249	135	416	356	385
Other	38	57	40	59	78	64	80	75	61	63	143	77
Non-operating income	134	231	132	107	100	84	94	249	135	416	356	385
Operating profit (loss)	7,549	5,969	8,066	5,828	6,164	7,042	7,933	9,067	1,383	7,520	15,822	18,605
Interest expenses	95	109	128	148	133	120	125	112	117	106	89	87
Provision of allowance for doubtful accounts	-	30	-	-	-	-	-	17	32	-	28	-
Commission for purchase of treasury shares	-	-	-	-	-	-	-	-	-	-	-	30
Commission for purchase of treasury shares	-	-	-	-	-	-	-	-	-	-	-	30
Other	10	11	25	25	36	19	42	18	28	23	27	34
Non-operating expenses	141	187	235	195	219	159	195	148	465	276	117	151
Other	10	11	25	25	36	19	42	18	28	23	27	34
Non-operating expenses	141	187	235	195	219	159	195	148	465	276	117	151
Interest income	7	9	11	2	1	1	1	1	1	1	1	1
Royalty income	-	-	-	-	-	-	-	5	25	13	14	10
Dividend income	-	-	-	-	-	-	-	-	-	-	-	-
Share of profit of entities accounted for using equity method	-	-	21	16	10	5	-	158	-	-	148	296
Rental income	28	21	10	6	8	12	12	14	12	6	29	29
Foreign exchange gains	11	110	-	5	-	-	-	-	-	4	3	-
Other	38	57	40	59	78	64	80	75	61	63	143	77
Subsidy income related to COVID	-	-	-	-	-	-	-	-	33	327	45	-
Non-operating income	134	231	132	107	100	84	94	249	135	416	356	385
Other	38	57	40	59	78	64	80	75	61	63	143	77
Non-operating income	134	231	132	107	100	84	94	249	135	416	356	385
Ordinary profit (loss)	7,542	6,013	7,963	5,741	6,044	6,967	7,832	9,168	1,052	7,660	16,061	18,839
Interest expenses	95	109	128	148	133	120	125	112	117	106	89	87
Provision of allowance for doubtful accounts	-	30	-	-	-	-	-	17	32	-	28	-
Commission for purchase of treasury shares	-	-	-	-	-	-	-	-	-	-	-	30
Commission for purchase of treasury shares	-	-	-	-	-	-	-	-	-	-	-	30
Other	10	11	25	25	36	19	42	18	28	23	27	34
Non-operating expenses	141	187	235	195	219	159	195	148	465	276	117	151
Other	10	11	25	25	36	19	42	18	28	23	27	34
Non-operating expenses	141	187	235	195	219	159	195	148	465	276	117	151
Reversal of allowance for doubtful accounts	-	-	-	-	-	-	-	-	-	-	-	105
Extraordinary income	452	-	15	552	-	-	751	-	333	272	-	105
Ordinary profit (loss)	7,542	6,013	7,963	5,741	6,044	6,967	7,832	9,168	1,052	7,660	16,061	18,839
Loss on retirement of non-current assets	277	340	197	230	170	262	266	162	87	202	30	120
Impairment losses	231	422	350	560	649	1,766	475	387	793	1,659	801	480
Extraordinary losses	575	807	664	816	823	2,038	882	564	882	1,862	831	600
Extraordinary losses	575	807	664	816	823	2,038	882	564	882	1,862	831	600
Loss on retirement of non-current assets	277	340	197	230	170	262	266	162	87	202	30	120
Impairment losses	231	422	350	560	649	1,766	475	387	793	1,659	801	480
Extraordinary losses	575	807	664	816	823	2,038	882	564	882	1,862	831	600
Extraordinary losses	575	807	664	816	823	2,038	882	564	882	1,862	831	600
Profit (loss) before income taxes	7,420	5,206	7,313	5,477	5,220	4,929	7,701	8,604	504	6,070	15,229	18,239
Profit (loss) before income taxes	7,420	5,206	7,313	5,477	5,220	4,929	7,701	8,604	504	6,070	15,229	18,239
Income taxes - current	3,128	2,553	3,358	2,192	2,462	2,576	3,070	2,134	682	1,927	6,063	5,907
Income taxes - current	3,128	2,553	3,358	2,192	2,462	2,576	3,070	2,134	682	1,927	6,063	5,907
Income taxes - deferred	288	-9	-140	-7	-312	-137	-129	-557	-448	170	-737	-505
Income taxes - deferred	288	-9	-140	-7	-312	-137	-129	-557	-448	170	-737	-505
Income taxes	3,416	2,543	3,217	2,185	2,149	2,439	2,941	1,576	233	2,097	5,326	5,402
Income taxes	3,416	2,543	3,217	2,185	2,149	2,439	2,941	1,576	233	2,097	5,326	5,402
Profit (loss)	-	-	-	3,292	3,071	2,489	4,760	7,028	270	3,973	9,903	12,836
Profit (loss)	-	-	-	3,292	3,071	2,489	4,760	7,028	270	3,973	9,903	12,836
Profit (loss) attributable to non-controlling interests	-	-	-	3	-	-	-	-	-	-28	-51	-8
Profit (loss) attributable to owners of parent	-	-	-	3,288	3,071	2,489	4,760	7,028	270	4,001	9,955	12,845