JP-listed companies
WELCIA HOLDINGS CO., LTD.

WELCIA HOLDINGS CO., LTD.JP:3141

Market cap

¥421.8B

P/E ratio

46.9x

Income statement Balance sheet Cash flow

	Aug 31, 2013	Aug 31, 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	334,393	360,797	191,991	528,402	623,163	695,268	779,148	868,280	949,652	1,025,947	1,144,278	1,217,339
Operating revenue	-	-	-	-	-	-	-	-	-	-	11,623	13,057
Cost of sales	235,333	253,373	137,936	378,491	439,347	485,320	542,488	600,825	653,607	705,002	795,023	847,231
Operating gross profit (loss)	-	-	-	-	-	-	-	-	-	-	11,623	13,057
Gross profit (loss)	99,059	107,424	57,393	149,910	183,815	209,948	236,659	267,454	296,044	320,944	349,254	370,107
Selling, general and administrative expenses	86,451	93,216	51,394	131,150	159,736	181,121	207,614	229,652	253,070	277,925	303,619	326,875
Advertising expenses	6,809	7,333	4,230	10,983	12,559	13,856	16,230	18,414	18,740	20,603	5,077	5,955
Salaries	33,840	37,760	20,322	54,010	66,722	76,035	82,431	89,700	99,485	109,411	122,018	132,465
Bonuses	1,506	426	136	1,234	1,616	1,238	3,099	3,373	4,068	4,777	5,216	5,800
Provision for bonuses	427	194	189	682	549	534	3,237	4,137	4,647	4,849	5,324	5,582
Provision for share awards for directors (and other officers)	-	-	-	-	-	-	-	246	148	139	126	104
Retirement benefit expenses	431	466	261	710	966	1,071	1,293	1,499	1,694	1,904	2,177	2,097
Rent expenses on real estate	11,818	12,760	6,992	21,373	27,244	29,930	33,427	36,523	39,599	43,809	52,483	56,624
Depreciation	5,027	5,564	3,252	8,886	10,553	11,630	12,541	13,880	14,887	16,713	19,558	20,490
Commission expenses	8,798	9,478	5,557	6,606	8,884	11,081	13,973	16,413	19,510	20,106	22,832	25,588
Rent expenses	511	494	222	505	487	446	515	631	696	774	751	757
Amortization of goodwill	1,385	1,379	680	1,123	1,108	1,360	1,688	1,514	1,797	1,973	3,362	3,584
Other	15,805	17,343	9,548	25,032	29,044	33,935	39,174	43,317	47,791	52,862	64,690	67,825
Selling, general and administrative expenses	86,451	93,216	51,394	131,150	159,736	181,121	207,614	229,652	253,070	277,925	303,619	326,875
Operating profit (loss)	12,607	14,207	5,999	18,759	24,078	28,826	29,045	37,801	42,974	43,018	45,635	43,231
Operating profit (loss)	12,607	14,207	5,999	18,759	24,078	28,826	29,045	37,801	42,974	43,018	45,635	43,231
Interest income	6	5	2	17	25	17	23	17	5	5	4	15
Dividend income	33	14	77	7	7	7	8	7	8	9	16	11
Subsidies for employment adjustment	-	-	-	-	-	-	-	-	-	-	69	59
Rental income from real estate	224	236	166	595	759	716	794	899	961	969	1,499	1,578
Other	297	411	170	537	560	761	808	800	1,351	1,712	2,492	2,830
Gain on receipt of donated non-current assets	107	118	70	158	179	247	300	335	240	174	133	161
Non-operating income	1,614	1,247	865	2,095	2,263	2,570	2,979	3,174	3,445	5,474	7,527	5,999
Commission income	163	177	102	280	400	438	469	614	576	546	468	428
Subsidy income	-	-	-	-	-	-	-	-	-	1,629	2,029	43
Sponsorship money income	338	283	273	498	330	381	573	498	287	426	883	929
Other	297	411	170	537	560	761	808	800	1,351	1,712	2,492	2,830
Non-operating income	1,614	1,247	865	2,095	2,263	2,570	2,979	3,174	3,445	5,474	7,527	5,999
Interest income	6	5	2	17	25	17	23	17	5	5	4	15
Dividend income	33	14	77	7	7	7	8	7	8	9	16	11
Subsidies for employment adjustment	-	-	-	-	-	-	-	-	-	-	69	59
Rental income from real estate	224	236	166	595	759	716	794	899	961	969	1,499	1,578
Other	297	411	170	537	560	761	808	800	1,351	1,712	2,492	2,830
Gain on receipt of donated non-current assets	107	118	70	158	179	247	300	335	240	174	133	161
Non-operating income	1,614	1,247	865	2,095	2,263	2,570	2,979	3,174	3,445	5,474	7,527	5,999
Commission income	163	177	102	280	400	438	469	614	576	546	468	428
Subsidy income	-	-	-	-	-	-	-	-	-	1,629	2,029	43
Sponsorship money income	338	283	273	498	330	381	573	498	287	426	883	929
Other	297	411	170	537	560	761	808	800	1,351	1,712	2,492	2,830
Non-operating income	1,614	1,247	865	2,095	2,263	2,570	2,979	3,174	3,445	5,474	7,527	5,999
Interest expenses	202	201	97	225	249	250	311	393	428	468	600	723
Share of loss of entities accounted for using equity method	57	79	86	-	-	-	-	25	-	11	47	293
Foreign exchange losses	-	-	-	-	-	-	-	-	-	-	-	-
Rental costs on real estate	107	100	54	217	248	163	156	159	159	166	274	360
Other	43	29	16	34	120	60	55	49	30	256	92	96
Other	43	29	16	34	120	60	55	49	30	256	92	96
Non-operating expenses	410	481	253	477	618	474	524	627	619	902	1,014	1,474
Non-operating expenses	410	481	253	477	618	474	524	627	619	902	1,014	1,474
Interest expenses	202	201	97	225	249	250	311	393	428	468	600	723
Share of loss of entities accounted for using equity method	57	79	86	-	-	-	-	25	-	11	47	293
Foreign exchange losses	-	-	-	-	-	-	-	-	-	-	-	-
Rental costs on real estate	107	100	54	217	248	163	156	159	159	166	274	360
Other	43	29	16	34	120	60	55	49	30	256	92	96
Other	43	29	16	34	120	60	55	49	30	256	92	96
Non-operating expenses	410	481	253	477	618	474	524	627	619	902	1,014	1,474
Non-operating expenses	410	481	253	477	618	474	524	627	619	902	1,014	1,474
Ordinary profit (loss)	13,811	14,973	6,611	20,377	25,723	30,923	31,500	40,348	45,800	47,590	52,149	47,756
Ordinary profit (loss)	13,811	14,973	6,611	20,377	25,723	30,923	31,500	40,348	45,800	47,590	52,149	47,756
Loss on valuation of shares of subsidiaries and associates	-	-	-	-	-	-	-	-	-	-	327	-
Loss on sale of non-current assets	100	-	-	400	18	28	3	130	27	1	48	-
Loss on guarantees	-	-	-	-	-	-	-	-	-	-	1,110	-
Loss on retirement of non-current assets	121	200	86	94	136	95	287	554	122	206	115	263
Impairment losses	1,086	908	806	3,082	2,236	2,208	2,724	3,536	3,826	4,989	6,230	7,136
Extraordinary losses	1,918	1,554	959	4,072	2,601	4,174	3,060	4,670	5,268	5,274	7,787	7,620
Loss on guarantees	-	-	-	-	-	-	-	-	-	-	1,110	-
Other	37	96	31	348	79	24	36	448	112	65	283	220
Extraordinary losses	1,918	1,554	959	4,072	2,601	4,174	3,060	4,670	5,268	5,274	7,787	7,620
Gain on sale of non-current assets	-	-	-	-	-	1	28	3	104	6	42	15
Gain on sale of investment securities	-	-	-	35	41	-	41	-	-	-	163	29
Compensation income	-	-	-	-	-	-	-	-	-	54	-	151
Extraordinary income	238	234	38	205	62	28	71	258	779	94	205	197
Profit (loss) before income taxes	12,131	13,654	5,689	16,511	23,184	26,777	28,511	35,936	41,311	42,410	44,566	40,333
Loss on valuation of shares of subsidiaries and associates	-	-	-	-	-	-	-	-	-	-	327	-
Loss on sale of non-current assets	100	-	-	400	18	28	3	130	27	1	48	-
Loss on guarantees	-	-	-	-	-	-	-	-	-	-	1,110	-
Loss on retirement of non-current assets	121	200	86	94	136	95	287	554	122	206	115	263
Impairment losses	1,086	908	806	3,082	2,236	2,208	2,724	3,536	3,826	4,989	6,230	7,136
Extraordinary losses	1,918	1,554	959	4,072	2,601	4,174	3,060	4,670	5,268	5,274	7,787	7,620
Loss on guarantees	-	-	-	-	-	-	-	-	-	-	1,110	-
Other	37	96	31	348	79	24	36	448	112	65	283	220
Extraordinary losses	1,918	1,554	959	4,072	2,601	4,174	3,060	4,670	5,268	5,274	7,787	7,620
Income taxes - current	5,045	5,008	2,461	6,446	8,503	11,018	12,354	15,196	15,054	17,443	19,603	15,544
Profit (loss) before income taxes	12,131	13,654	5,689	16,511	23,184	26,777	28,511	35,936	41,311	42,410	44,566	40,333
Income taxes - deferred	-925	377	-348	569	233	-1,357	-1,169	-1,921	-1,670	-1,485	-2,098	-1,548
Income taxes - current	5,045	5,008	2,461	6,446	8,503	11,018	12,354	15,196	15,054	17,443	19,603	15,544
Income taxes	4,120	5,385	2,113	7,016	8,737	9,661	11,185	13,275	13,383	15,957	17,505	13,996
Income taxes - deferred	-925	377	-348	569	233	-1,357	-1,169	-1,921	-1,670	-1,485	-2,098	-1,548
Profit (loss)	-	-	-	9,494	14,447	17,115	17,326	22,661	27,928	26,452	27,061	26,337
Income taxes	4,120	5,385	2,113	7,016	8,737	9,661	11,185	13,275	13,383	15,957	17,505	13,996
Profit (loss)	-	-	-	9,494	14,447	17,115	17,326	22,661	27,928	26,452	27,061	26,337
Profit (loss) attributable to non-controlling interests	-	-	-	-32	-3	-50	-97	-141	-71	-	31	-114
Profit (loss) attributable to owners of parent	-	-	-	9,527	14,451	17,166	17,423	22,802	27,999	26,453	27,030	26,451