JP-listed companies
Daiwa Heavy Industry Co.,Ltd.

Daiwa Heavy Industry Co.,Ltd.JP:5610

Market cap

¥1.7B

P/E ratio

26.1x

Income statement Balance sheet Cash flow

	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
Net sales of goods	906	946	708	669	696	792	751	676	744	561	564	592
Net sales of finished goods	3,607	3,622	3,883	4,127	3,236	3,341	3,297	3,629	2,435	2,492	3,301	3,790
Net sales	4,513	4,568	4,592	4,795	3,931	4,132	4,048	4,305	3,179	3,053	3,866	4,382
Beginning inventory of merchandise and finished goods	386	432	469	477	471	386	484	612	538	348	431	587
Cost of products manufactured	2,899	2,838	3,025	3,106	2,484	2,757	2,750	2,821	1,907	2,173	2,833	3,082
Cost of purchased goods	751	746	567	511	522	631	591	496	615	474	406	478
Purchase of finished goods	210	280	170	185	105	157	206	145	100	143	143	97
Total	4,245	4,297	4,231	4,280	3,582	3,932	4,030	4,075	3,160	3,138	3,813	4,244
Ending inventory of merchandise and finished goods	432	469	477	471	386	484	612	538	348	431	587	608
Cost of sales	3,813	3,828	3,754	3,810	3,196	3,448	3,418	3,537	2,813	2,707	3,226	3,636
Gross profit (loss)	699	741	838	986	735	685	630	768	367	346	639	746
Packing and transportation costs	121	122	122	145	127	126	126	132	88	96	117	129
Remuneration for directors (and other officers)	44	43	43	64	74	90	95	92	87	83	86	88
Salaries and allowances	260	277	290	302	276	285	304	289	248	254	257	270
Provision for bonuses	3	4	5	7	5	4	5	5	2	2	4	5
Retirement benefit expenses	22	25	25	28	15	15	14	14	17	15	13	13
Provision for retirement benefits for directors (and other officers)	4	3	3	4	4	5	5	5	5	5	5	5
Welfare expenses	49	52	56	60	55	6	6	6	7	6	6	5
Travel and transportation expenses	34	32	35	35	33	34	37	32	19	15	19	21
Depreciation	16	13	17	16	16	13	14	15	14	15	15	10
Other	138	137	146	142	137	192	204	201	175	168	180	232
Selling, general and administrative expenses	692	708	743	803	742	770	810	791	661	658	701	776
Operating profit (loss)	8	33	95	183	-7	-86	-180	-24	-295	-312	-61	-30
Interest income	0	0	0	0	0	0	0	0	0	0	0	0
Dividend income	19	19	22	27	30	30	34	36	36	31	44	53
Rental income from land and buildings	105	105	104	103	102	101	103	102	102	111	114	112
Commission for insurance office work	1	1	1	1	1	1	1	1	1	1	0	0
Other	8	24	5	16	4	10	5	4	4	3	3	6
Non-operating income	134	149	132	147	138	142	142	143	142	146	161	172
Interest expenses	32	26	21	19	14	13	12	12	12	13	13	13
Rent expenses on real estates	20	19	19	19	18	18	21	21	20	22	22	24
Other	0	14	1	0	0	1	1	1	0	2	1	2
Non-operating expenses	52	60	41	38	33	32	34	34	32	37	36	38
Ordinary profit (loss)	90	122	186	293	98	24	-71	85	-185	-203	63	104
Insurance income on disaster	-	-	27	0	-	4	3	30	3	1	0	-
Gain on disposal of non-current assets	0	0	7	1	0	0	0	0	-	2	0	4
Extraordinary income	11	0	34	1	50	4	3	72	3	2	0	4
Loss on disposal of non-current assets	1	0	1	14	0	1	0	-	0	1	-	6
Loss on disaster	8	-	17	0	-	3	3	29	-	1	0	-
Extraordinary losses	18	0	17	14	0	4	3	29	19	1	0	6
Profit (loss) before income taxes	83	122	204	280	148	25	-71	128	-201	-202	63	102
Income taxes - current	2	17	21	54	50	11	2	49	2	2	17	23
Income taxes - deferred	-	-	-61	-77	3	3	-11	-15	158	-	-25	13
Income taxes	-	17	-39	-24	53	19	-9	35	160	2	-8	36
Profit (loss)	-	-	-	304	95	6	-62	93	-361	-204	71	66