JP-listed companies
TECHNOFLEX CORPORATION

TECHNOFLEX CORPORATIONJP:3449

Market cap

¥22.9B

P/E ratio

23.4x

Income statement Balance sheet Cash flow

	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Cash and deposits	-	4,271	4,091	4,228	4,918	4,590	6,234	4,022
Notes and accounts receivable - trade, and contract assets	-	-	-	-	-	-	4,073	3,496
Notes receivable - trade	-	-	-	-	-	-	363	216
Electronically recorded monetary claims - operating	-	-	-	-	1,259	1,586	1,857	1,867
Accounts receivable - trade	-	-	-	-	-	-	3,521	2,560
Investments in leases	-	1,051	992	933	875	817	759	702
Merchandise and finished goods	-	906	853	913	731	859	1,106	1,160
Investments in leases	-	1,051	992	933	875	817	759	702
Work in process	-	1,369	1,411	308	306	552	608	634
Merchandise and finished goods	-	906	853	913	731	859	1,106	1,160
Costs on construction contracts in progress	-	-	1,064	1,560	412	423	131	85
Work in process	-	1,369	1,411	308	306	552	608	634
Raw materials and supplies	-	1,643	1,787	1,832	1,583	1,939	2,681	2,712
Other	-	208	216	223	192	441	354	300
Allowance for doubtful accounts	-	-16	-15	-14	-13	-15	-16	-18
Other	-	208	216	223	192	441	354	300
Current assets	-	14,525	15,159	14,711	13,135	15,249	17,787	14,958
Buildings and structures	-	10,270	10,155	10,513	10,954	11,449	11,274	11,571
Accumulated depreciation	-	-5,428	-5,537	-5,771	-6,017	-6,232	-6,262	-6,643
Buildings and structures, net	-	4,841	4,617	4,742	4,937	5,217	5,012	4,928
Machinery, equipment and vehicles	-	5,594	5,891	5,898	5,856	6,270	6,433	6,843
Accumulated depreciation	-	-4,624	-4,643	-4,755	-4,858	-5,141	-5,340	-5,647
Machinery, equipment and vehicles, net	-	970	1,249	1,144	998	1,129	1,093	1,196
Land	-	5,208	5,324	5,324	5,685	5,685	5,770	6,190
Construction in progress	-	-	-	-	-	51	1,417	3,385
Other	-	1,281	1,357	1,326	1,389	1,410	1,541	1,656
Accumulated depreciation	-	-1,086	-1,006	-1,017	-1,064	-1,124	-1,234	-1,394
Other, net	-	195	350	309	325	286	307	262
Land	-	5,208	5,324	5,324	5,685	5,685	5,770	6,190
Property, plant and equipment	-	11,215	11,541	11,519	11,944	12,317	13,599	15,961
Construction in progress	-	-	-	-	-	51	1,417	3,385
Property, plant and equipment	-	11,215	11,541	11,519	11,944	12,317	13,599	15,961
Goodwill	-	476	424	372	321	270	252	176
Other	-	171	160	350	422	526	487	407
Intangible assets	-	647	584	722	743	796	739	583
Investment securities	-	439	344	313	292	265	310	361
Deferred tax assets	-	-	-	149	124	162	438	423
Investments in capital of subsidiaries and associates	-	913	854	828	-	-	-	-
Other	-	294	337	371	260	197	180	166
Allowance for doubtful accounts	-	-0	-	-	-	-	-	-2
Investments and other assets	-	1,679	1,643	1,661	676	624	928	949
Deferred tax assets	-	-	-	149	124	162	438	423
Other	-	294	337	371	260	197	180	166
Investments and other assets	-	1,679	1,643	1,661	676	624	928	949
Non-current assets	-	13,540	13,768	13,902	13,362	13,736	15,266	17,493
Assets	-	28,065	28,862	28,613	26,498	28,985	33,053	32,451
Accounts payable - trade	-	987	1,144	1,134	876	1,441	1,690	1,378
Short-term borrowings	-	1,500	1,500	1,500	1,500	2,300	300	300
Current portion of long-term borrowings	-	673	1,271	565	490	420	686	599
Income taxes payable	-	477	412	401	357	402	288	199
Advances received on construction contracts in progress	-	1,133	1,514	1,977	668	1,008	458	235
Provision for loss on construction contracts	-	-	-	17	-	3	-	4
Income taxes payable	-	477	412	401	357	402	288	199
Provision for product warranties	-	-	-	28	120	36	20	-
Other	-	1,227	1,414	1,301	1,370	1,255	1,362	1,441
Current liabilities	-	6,353	7,936	7,043	5,441	6,865	4,805	4,155
Provision for product warranties	-	-	-	28	120	36	20	-
Other	-	1,227	1,414	1,301	1,370	1,255	1,362	1,441
Current liabilities	-	6,353	7,936	7,043	5,441	6,865	4,805	4,155
Long-term borrowings	-	2,905	1,642	1,085	603	191	4,472	4,699
Deferred tax liabilities	-	-	-	483	237	267	126	132
Provision for retirement benefits for directors (and other officers)	-	31	60	68	98	96	16	16
Asset retirement obligations	-	22	22	22	22	22	22	22
Retirement benefit liability	-	224	227	238	244	264	263	277
Asset retirement obligations	-	22	22	22	22	22	22	22
Non-current liabilities	-	4,999	3,592	2,883	2,074	1,655	5,658	5,855
Other	-	1,040	984	927	870	815	759	710
Non-current liabilities	-	4,999	3,592	2,883	2,074	1,655	5,658	5,855
Liabilities	-	11,351	11,528	9,926	7,515	8,520	10,463	10,011
Share capital	-	95	95	1,000	1,000	1,000	1,000	1,000
Capital surplus	-	1,233	1,233	457	465	466	510	498
Capital surplus	-	1,233	1,233	457	465	466	510	498
Retained earnings	-	15,697	16,493	17,687	18,091	19,062	20,789	20,656
Retained earnings	-	15,697	16,493	17,687	18,091	19,062	20,789	20,656
Treasury shares	-	-1,042	-1,042	-958	-951	-949	-929	-926
Shareholders' equity	-	15,984	16,779	18,186	18,605	19,579	21,370	21,229
Valuation difference on available-for-sale securities	-	77	9	26	31	11	50	83
Deferred gains or losses on hedges	-	8	130	175	98	135	8	-
Valuation and translation adjustments	-	458	297	247	131	606	904	1,212
Foreign currency translation adjustment	-	373	158	46	2	460	846	1,129
Valuation and translation adjustments	-	458	297	247	131	606	904	1,212
Net assets	15,360	16,714	17,334	18,686	18,982	20,465	22,590	22,440
Non-controlling interests	-	272	258	253	246	279	317	-
Net assets	15,360	16,714	17,334	18,686	18,982	20,465	22,590	22,440
Liabilities and net assets	-	28,065	28,862	28,613	26,498	28,985	33,053	32,451