JP-listed companies
DAIWA INDUSTRIES LTD.

DAIWA INDUSTRIES LTD.JP:6459

Market cap

¥75.8B

P/E ratio

13.7x

Income statement Balance sheet Cash flow

	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	36,098	35,950	39,036	41,463	46,157	47,127	50,627	52,467	55,103	53,868	60,067
Notes receivable - trade	1,283	1,031	1,459	1,400	1,397	1,172	1,044	2,363	2,113	1,339	1,136
Accounts receivable - trade	2,410	2,508	2,645	2,792	2,710	2,621	2,457	2,793	3,160	3,063	2,769
Merchandise and finished goods	1,363	1,469	1,340	1,558	1,753	1,829	1,956	1,518	1,095	1,520	2,546
Work in process	265	340	326	290	298	301	280	296	291	444	405
Raw materials and supplies	347	355	447	443	504	563	774	647	723	831	983
Service parts	222	212	199	199	189	178	177	185	190	197	206
Prepaid expenses	213	227	254	232	226	247	263	251	241	242	247
Other	159	159	178	146	152	180	137	143	128	651	178
Allowance for doubtful accounts	-4	-4	-1	-1	-1	-1	-1	-2	-1	-1	-1
Current assets	42,619	42,576	46,192	48,764	53,618	54,481	57,715	62,153	63,144	62,155	68,536
Buildings	8,744	10,237	10,083	10,125	10,136	10,204	10,277	10,287	10,526	10,535	10,609
Accumulated depreciation	-5,797	-5,820	-5,934	-6,176	-6,377	-6,585	-6,728	-6,921	-7,111	-7,284	-7,458
Buildings, net	2,947	4,417	4,148	3,949	3,759	3,619	3,548	3,366	3,414	3,251	3,151
Structures	645	822	812	818	818	818	811	819	819	822	823
Accumulated depreciation	-581	-524	-554	-587	-615	-639	-652	-673	-693	-711	-729
Structures, net	65	298	258	230	202	179	159	147	127	111	95
Machinery and equipment	4,689	5,802	5,520	5,815	5,852	5,855	6,193	6,283	6,360	6,516	6,812
Accumulated depreciation	-3,889	-4,080	-4,018	-4,336	-4,631	-4,837	-5,051	-5,301	-5,534	-5,687	-5,907
Machinery and equipment, net	801	1,723	1,502	1,479	1,221	1,019	1,143	982	826	830	905
Vehicles	55	56	58	62	66	68	70	66	72	73	75
Accumulated depreciation	-45	-43	-45	-51	-57	-61	-62	-63	-66	-69	-71
Vehicles, net	10	13	13	11	8	8	8	4	5	4	3
Tools, furniture and fixtures	2,022	2,246	2,232	2,355	2,581	2,905	3,234	3,440	3,531	3,570	3,961
Accumulated depreciation	-1,870	-1,929	-2,037	-1,986	-2,240	-2,525	-2,719	-3,055	-3,286	-3,416	-3,547
Tools, furniture and fixtures, net	152	317	195	369	341	380	515	385	246	154	414
Land	3,587	3,587	3,596	3,596	3,588	4,258	4,098	4,098	5,863	5,926	5,982
Construction in progress	342	5	51	2	101	112	18	202	81	216	644
Property, plant and equipment	7,903	10,360	9,764	9,636	9,220	9,575	9,490	9,182	10,562	10,491	11,194
Software	56	101	82	122	132	116	134	160	128	119	152
Telephone subscription right	9	9	9	9	9	9	9	9	9	9	9
Intangible assets	65	110	90	131	140	125	143	169	137	127	161
Investment securities	642	677	675	685	701	1,909	2,007	407	282	447	483
Distressed receivables	25	17	17	83	76	157	155	144	63	61	59
Long-term prepaid expenses	22	30	41	59	65	79	87	111	76	63	67
Deferred tax assets	-	-	-	-	-	-	558	491	766	3,528	2,494
Leasehold and guarantee deposits	241	246	251	249	248	251	249	248	250	256	266
Long-term time deposits	3,700	6,000	7,200	8,000	7,000	8,000	6,000	6,000	7,500	9,000	9,000
Other	19	19	19	9	9	4	4	5	5	5	5
Allowance for doubtful accounts	-40	-32	-32	-66	-80	-156	-155	-145	-64	-63	-61
Investments and other assets	5,288	7,373	8,607	9,447	8,401	11,897	10,238	8,871	8,877	13,298	12,313
Non-current assets	13,256	17,842	18,462	19,214	17,762	21,597	19,870	18,223	19,576	23,916	23,667
Assets	55,876	60,418	64,654	67,978	71,380	75,813	77,585	80,376	82,719	86,071	92,204
Notes payable - trade	1,309	1,291	1,799	2,438	2,919	2,923	2,573	2,928	3,190	3,282	3,204
Accounts payable - trade	1,539	1,648	2,125	1,907	2,092	2,093	2,267	2,544	2,631	3,019	2,893
Accounts payable - other	746	1,204	794	1,150	855	957	1,027	1,096	1,010	1,053	1,375
Accrued expenses	228	34	32	22	22	22	24	24	26	26	29
Income taxes payable	458	1,337	1,375	912	850	1,304	1,007	762	1,307	-	1,341
Deposits received	298	402	452	481	499	574	609	613	552	658	541
Contract liabilities	-	-	-	-	-	-	-	-	-	17,009	17,077
Provision for bonuses	187	233	217	145	146	146	160	159	170	174	192
Provision for bonuses for directors (and other officers)	38	43	42	44	42	42	39	33	31	30	30
Provision for product warranties	130	136	155	164	165	169	171	178	209	163	200
Other	216	626	698	344	354	379	603	619	597	48	625
Current liabilities	6,117	7,988	8,814	8,782	9,162	9,859	9,777	10,339	11,529	25,462	27,508
Provision for retirement benefits	1,069	768	785	444	142	774	800	839	13	6	5
Provision for retirement benefits for directors (and other officers)	1,091	1,127	1,164	1,202	1,232	1,270	1,307	1,344	1,378	394	404
Other	6	7	6	6	9	9	9	9	9	12	8
Non-current liabilities	2,166	1,902	1,955	1,652	1,383	2,053	2,116	2,192	1,401	412	417
Liabilities	8,283	9,890	10,769	10,434	10,545	11,913	11,893	12,531	12,930	25,875	27,925
Share capital	9,907	9,907	9,907	9,907	9,907	9,907	9,907	9,907	9,907	9,907	9,907
Legal capital surplus	9,868	9,868	9,868	9,868	9,868	9,868	9,868	9,868	9,868	9,868	9,868
Capital surplus	9,868	9,868	9,868	9,868	9,868	9,868	9,868	9,868	9,868	9,868	9,868
Legal retained earnings	578	578	578	578	578	578	578	578	578	578	578
General reserve	14,170	14,170	14,170	14,170	14,170	14,170	14,170	14,170	14,170	14,170	14,170
Retained earnings brought forward	13,021	15,663	19,081	22,809	26,177	29,368	31,476	33,675	35,801	28,034	32,090
Retained earnings	28,019	30,946	34,305	37,957	41,237	44,341	46,362	48,473	50,549	42,782	46,838
Treasury shares	-193	-207	-208	-208	-209	-210	-450	-451	-579	-2,437	-2,438
Shareholders' equity	47,601	50,514	53,872	57,523	60,803	63,906	65,687	67,797	69,746	60,120	64,175
Valuation difference on available-for-sale securities	-9	13	13	21	32	-6	6	48	44	77	103
Valuation and translation adjustments	-9	13	13	21	32	-6	6	48	44	77	103
Net assets	47,592	50,528	53,885	57,544	60,835	63,900	65,692	67,845	69,790	60,197	64,279
Liabilities and net assets	55,876	60,418	64,654	67,978	71,380	75,813	77,585	80,376	82,719	86,071	92,204