JP-listed companies
Nippon Denko Co., Ltd.

Nippon Denko Co., Ltd.JP:5563

Market cap

¥41B

P/E ratio

9.4x

Income statement Balance sheet Cash flow

	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	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	-	6,094	8,701	9,507	10,550	20,552	10,588	8,268	7,599	9,603	9,779	8,911	7,867
Notes and accounts receivable - trade	-	16,327	13,071	31,469	24,347	16,657	22,864	18,654	16,800	14,706	19,440	11,720	10,905
Notes receivable - trade	-	-	-	-	-	-	-	-	-	-	-	881	235
Merchandise and finished goods	-	9,490	8,691	13,042	11,755	7,664	10,174	12,363	12,086	10,775	11,552	19,892	18,668
Accounts receivable - trade	-	-	-	-	-	-	-	-	-	-	-	10,838	10,669
Merchandise and finished goods	-	9,490	8,691	13,042	11,755	7,664	10,174	12,363	12,086	10,775	11,552	19,892	18,668
Work in process	-	152	171	432	372	320	432	289	349	240	182	284	282
Raw materials and supplies	-	8,291	7,944	13,964	13,330	9,182	14,753	18,654	11,878	10,662	11,286	13,430	11,943
Work in process	-	152	171	432	372	320	432	289	349	240	182	284	282
Other	-	5,242	1,036	4,175	3,241	1,511	1,817	1,340	952	1,974	1,228	2,716	2,186
Raw materials and supplies	-	8,291	7,944	13,964	13,330	9,182	14,753	18,654	11,878	10,662	11,286	13,430	11,943
Allowance for doubtful accounts	-	-30	-19	-19	-222	-15	-22	-23	-22	-12	-14	-15	-
Current assets	-	46,498	40,019	73,117	63,388	56,172	61,260	59,797	49,645	47,949	53,454	56,940	51,852
Other	-	5,242	1,036	4,175	3,241	1,511	1,817	1,340	952	1,974	1,228	2,716	2,186
Current assets	-	46,498	40,019	73,117	63,388	56,172	61,260	59,797	49,645	47,949	53,454	56,940	51,852
Buildings and structures	-	16,336	16,530	19,281	15,540	15,181	16,211	17,587	16,107	16,366	16,777	17,813	18,407
Accumulated depreciation	-	-10,961	-11,288	-11,163	-11,594	-11,605	-11,516	-11,227	-11,460	-11,523	-11,568	-11,785	-11,955
Buildings and structures, net	-	5,374	5,241	8,117	3,945	3,576	4,694	6,359	4,646	4,842	5,208	6,027	6,452
Machinery, equipment and vehicles	-	33,810	34,737	37,841	32,790	32,053	32,682	38,374	35,843	37,671	37,976	41,604	43,528
Accumulated depreciation	-	-24,451	-26,069	-27,577	-29,235	-28,650	-28,457	-28,327	-29,171	-29,444	-29,438	-30,479	-32,040
Machinery, equipment and vehicles, net	-	9,358	8,667	10,263	3,555	3,402	4,225	10,046	6,672	8,227	8,537	11,125	11,488
Land	-	3,661	3,661	5,791	5,367	5,337	5,322	5,303	5,298	5,298	5,298	5,298	5,327
Leased assets	-	-	-	-	-	66	2,050	2,099	4,134	4,134	4,138	4,138	4,131
Accumulated depreciation	-	-	-	-	-	-60	-77	-150	-277	-460	-644	-828	-989
Land	-	3,661	3,661	5,791	5,367	5,337	5,322	5,303	5,298	5,298	5,298	5,298	5,327
Leased assets	-	-	-	-	-	5	1,973	1,949	3,857	3,674	3,493	3,309	3,142
Leased assets	-	-	-	-	-	5	1,973	1,949	3,857	3,674	3,493	3,309	3,142
Construction in progress	-	333	89	71	150	571	2,875	496	641	87	564	364	154
Construction in progress	-	333	89	71	150	571	2,875	496	641	87	564	364	154
Other	-	970	931	1,277	1,163	1,062	1,075	1,206	1,252	1,274	1,331	1,401	1,491
Accumulated depreciation	-	-841	-801	-866	-941	-836	-789	-841	-936	-982	-1,023	-1,116	-1,136
Other, net	-	128	130	410	222	165	285	365	316	291	308	285	355
Property, plant and equipment	-	18,856	17,791	24,654	13,240	13,053	19,376	24,521	21,433	22,421	23,411	26,410	26,919
Intangible assets	-	42	28	101	82	47	54	81	148	146	139	164	362
Intangible assets	-	42	28	101	82	47	54	81	148	146	139	164	362
Investment securities	-	4,258	12,825	16,030	11,901	11,303	13,205	9,422	11,313	9,447	10,402	14,327	13,260
Long-term loans receivable	-	-	-	230	2,258	2,181	2,218	3,503	1,863	4,813	4,930	5,109	5,201
Retirement benefit asset	-	-	-	1,123	1,285	1,186	1,715	1,994	-	-	-	546	723
Deferred tax assets	-	-	-	-	-	-	-	-	316	893	3,171	1,107	2,412
Other	-	781	662	1,123	634	578	558	522	503	498	379	337	282
Investments and other assets	-	6,334	13,912	18,637	16,116	15,291	17,756	15,634	13,997	15,653	18,883	21,428	21,880
Deferred tax assets	-	-	-	-	-	-	-	-	316	893	3,171	1,107	2,412
Other	-	781	662	1,123	634	578	558	522	503	498	379	337	282
Investments and other assets	-	6,334	13,912	18,637	16,116	15,291	17,756	15,634	13,997	15,653	18,883	21,428	21,880
Non-current assets	-	25,233	31,732	43,393	29,439	28,391	37,187	40,238	35,579	38,221	42,434	48,003	49,162
Assets	-	71,731	71,752	116,511	92,827	84,563	98,447	99,917	85,224	86,171	95,888	104,943	101,015
Notes and accounts payable - trade	-	4,743	5,063	13,800	8,517	6,069	7,634	8,079	5,792	4,296	6,955	7,621	4,230
Short-term borrowings	-	2,170	-	3,700	1,500	-	-	7,500	9,000	2,000	2,000	8,000	2,000
Short-term borrowings	-	2,170	-	3,700	1,500	-	-	7,500	9,000	2,000	2,000	8,000	2,000
Current portion of long-term borrowings	-	-	-	638	1,038	2,819	1,941	1,905	897	1,458	2,558	2,558	3,528
Current portion of long-term borrowings	-	-	-	638	1,038	2,819	1,941	1,905	897	1,458	2,558	2,558	3,528
Lease liabilities	-	-	-	-	-	3	59	75	131	139	148	156	156
Lease liabilities	-	-	-	-	-	3	59	75	131	139	148	156	156
Income taxes payable	-	1,730	265	236	98	132	886	348	93	196	778	819	96
Provision for bonuses	-	-	-	-	-	166	311	176	153	200	292	332	222
Provision for bonuses for directors (and other officers)	-	33	28	32	-	14	45	20	-	-	43	70	23
Income taxes payable	-	1,730	265	236	98	132	886	348	93	196	778	819	96
Notes payable - facilities	-	333	391	468	555	790	555	182	411	83	238	424	10
Other	-	2,392	3,576	4,683	4,186	4,001	6,400	4,997	4,283	3,760	4,224	4,945	5,821
Current liabilities	-	13,159	10,273	24,692	16,955	14,185	17,936	23,402	21,077	12,387	17,281	24,929	16,090
Provision for bonuses	-	-	-	-	-	166	311	176	153	200	292	332	222
Provision for bonuses for directors (and other officers)	-	33	28	32	-	14	45	20	-	-	43	70	23
Notes payable - facilities	-	333	391	468	555	790	555	182	411	83	238	424	10
Other	-	2,392	3,576	4,683	4,186	4,001	6,400	4,997	4,283	3,760	4,224	4,945	5,821
Current liabilities	-	13,159	10,273	24,692	16,955	14,185	17,936	23,402	21,077	12,387	17,281	24,929	16,090
Long-term borrowings	-	600	1,600	9,130	8,092	5,072	2,986	1,027	4,090	11,310	8,751	6,192	8,866
Lease liabilities	-	-	-	-	-	2	2,242	2,239	4,585	4,446	4,300	4,144	4,003
Provision for retirement benefits	-	1,998	1,874	-	-	-	-	-	-	-	-	-	-
Deferred tax liabilities	-	-	-	-	-	-	-	-	371	370	489	5	-
Other	-	792	752	709	640	735	911	679	538	429	413	446	353
Other	-	792	752	709	640	735	911	679	538	429	413	446	353
Non-current liabilities	-	5,167	5,165	13,222	12,099	8,965	9,708	7,446	9,878	17,352	14,282	10,789	13,223
Non-current liabilities	-	5,167	5,165	13,222	12,099	8,965	9,708	7,446	9,878	17,352	14,282	10,789	13,223
Liabilities	-	18,327	15,439	37,914	29,054	23,151	27,645	30,848	30,956	29,740	31,563	35,718	29,313
Share capital	-	11,026	11,026	11,026	11,026	11,026	11,026	11,026	11,042	11,057	11,072	11,084	11,096
Capital surplus	-	9,579	9,579	21,524	21,524	21,524	21,582	21,584	21,397	21,412	21,427	21,439	17,450
Capital surplus	-	9,579	9,579	21,524	21,524	21,524	21,582	21,584	21,397	21,412	21,427	21,439	17,450
Retained earnings	-	32,408	34,131	44,388	29,932	29,467	35,966	36,704	22,170	24,786	31,233	36,244	38,950
Retained earnings	-	32,408	34,131	44,388	29,932	29,467	35,966	36,704	22,170	24,786	31,233	36,244	38,950
Treasury shares	-	-195	-199	-201	-202	-202	-202	-203	-	-	-	-3,001	-
Shareholders' equity	-	52,819	54,538	76,737	62,281	61,815	68,372	69,111	54,609	57,256	63,732	65,767	67,496
Valuation difference on available-for-sale securities	-	358	1,329	1,295	1,397	1,454	2,526	451	282	497	828	1,020	1,488
Deferred gains or losses on hedges	-	-2	-36	-80	-46	-185	12	129	-75	-9	-	5	-
Valuation and translation adjustments	-	362	1,534	1,635	1,315	-583	2,329	-102	-402	-888	524	3,419	4,204
Foreign currency translation adjustment	-	6	240	554	218	-1,466	-302	-344	-746	-1,230	-524	1,599	1,824
Remeasurements of defined benefit plans	-	-	-	-135	-254	-384	93	-339	136	-146	220	794	891
Valuation and translation adjustments	-	362	1,534	1,635	1,315	-583	2,329	-102	-402	-888	524	3,419	4,204
Net assets	53,267	53,404	56,313	78,596	63,772	61,412	70,802	69,068	54,268	56,430	64,325	69,225	71,701
Non-controlling interests	-	-	-	-	175	179	99	58	61	63	68	37	-
Net assets	53,267	53,404	56,313	78,596	63,772	61,412	70,802	69,068	54,268	56,430	64,325	69,225	71,701
Liabilities and net assets	-	71,731	71,752	116,511	92,827	84,563	98,447	99,917	85,224	86,171	95,888	104,943	101,015