JP-listed companies
TAIHO KOGYO CO.,LTD.

TAIHO KOGYO CO.,LTD.JP:6470

Market cap

¥17.6B

P/E ratio

21.4x

Income statement Balance sheet Cash flow

	Mar 31, 2013	Mar 31, 2014	Mar 31, 2015	Mar 31, 2016	Mar 31, 2017	Mar 31, 2018	Mar 31, 2019	Mar 31, 2020	Mar 31, 2021	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024
Net sales	52,667	55,517	57,608	58,922	58,456	61,921	60,844	55,773	48,985	55,248	105,161	112,044
Cost of sales	43,909	45,996	48,013	48,352	48,783	51,907	51,313	48,252	43,265	48,241	89,935	94,899
Gross profit (loss)	8,757	9,521	9,594	10,570	9,672	10,014	9,530	7,521	5,719	7,007	15,226	17,144
Selling, general and administrative expenses	7,548	7,904	8,038	8,146	8,255	8,728	8,811	8,313	7,640	8,124	14,532	14,654
Packing and transportation costs	1,242	1,305	1,286	1,342	1,318	1,342	1,377	643	691	755	1,057	1,094
Remuneration for directors (and other officers)	298	287	348	361	342	376	424	388	362	317	290	308
Employees' salaries	2,379	2,611	2,830	2,961	2,956	3,155	3,195	3,270	3,044	3,193	3,331	3,328
Bonuses	726	769	879	925	965	1,092	1,145	1,300	1,053	1,090	1,142	1,127
Retirement benefit expenses	229	235	222	188	144	109	161	147	148	136	143	175
Legal welfare expenses	402	446	501	592	628	708	718	694	584	644	667	677
Welfare expenses	460	497	548	517	516	550	468	444	399	413	474	511
Provision for retirement benefits for directors (and other officers)	78	74	51	49	48	66	133	56	45	37	44	45
Provision for bonuses for directors (and other officers)	152	168	190	194	192	211	197	172	129	116	109	126
Rent expenses	214	202	203	192	193	203	212	179	178	204	211	185
Travel and transportation expenses	239	293	323	293	290	294	281	249	95	132	166	198
Depreciation	349	373	395	429	412	452	532	502	471	688	680	570
Research and development expenses	2,574	2,720	2,624	2,673	2,759	2,948	2,877	2,789	2,616	2,717	3,681	3,729
Other	1,886	2,145	2,205	2,490	2,451	2,740	2,659	2,560	2,317	2,372	2,530	2,574
Selling, general and administrative expenses	7,548	7,904	8,038	8,146	8,255	8,728	8,811	8,313	7,640	8,124	14,532	14,654
Operating profit (loss)	1,209	1,616	1,555	2,423	1,416	1,285	719	-791	-1,920	-1,117	694	2,489
Interest income	46	37	33	47	47	42	36	37	26	28	55	73
Interest and dividend income	484	672	784	1,111	1,657	2,222	2,108	1,733	1,108	2,142	2,033	1,767
Dividend income	35	49	63	75	69	73	79	79	70	83	108	114
Rental income	-	-	-	-	-	-	-	-	-	-	92	80
Foreign exchange gains	279	341	453	-	-	31	-	-	2	394	526	584
Other	462	544	608	283	293	382	142	110	469	146	262	310
Subsidy income	-	-	-	-	-	-	-	-	304	85	7	-
Non-operating income	947	1,217	1,393	1,394	1,950	2,605	2,909	1,915	1,653	2,513	994	1,087
Share of profit of entities accounted for using equity method	27	-	-	-	-	12	3	-	-	26	34	4
Other	462	544	608	283	293	382	142	110	469	146	262	310
Non-operating income	947	1,217	1,393	1,394	1,950	2,605	2,909	1,915	1,653	2,513	994	1,087
Interest expenses	165	152	99	68	36	40	33	31	36	36	118	116
Loss on retirement of non-current assets	70	83	7	62	32	32	20	89	73	101	90	91
Provision of allowance for doubtful accounts	-	-	-	-	-	-	-	-	120	-	120	-
Depreciation of lease equipment	-	-	-	-	-	-	-	-	-	-	46	47
Depreciation	-	-	-	-	-	-	-	-	-	49	89	99
Depreciation of inactive non-current assets	-	-	-	-	-	-	-	-	-	-	48	53
Other	102	93	140	87	87	53	57	76	65	76	60	33
Provision of allowance for doubtful accounts	-	-	-	-	-	-	-	-	120	-	120	-
Non-operating expenses	268	245	239	218	157	171	621	214	311	258	477	341
Other	102	93	140	87	87	53	57	76	65	76	60	33
Non-operating expenses	268	245	239	218	157	171	621	214	311	258	477	341
Ordinary profit (loss)	1,888	2,587	2,709	3,599	3,210	3,718	3,007	908	-578	1,137	1,211	3,236
Gain on reversal of share acquisition rights	17	2	3	18	7	38	22	31	50	33	60	74
Gain on sale of non-current assets	4	5	-	7	5	-	23	1	-	-	15	18
Gain on sale of non-current assets	4	5	-	7	5	-	23	1	-	-	15	18
Gain on reversal of share acquisition rights	17	2	3	18	7	38	22	31	50	33	60	74
Gain on sale of investment securities	-	-	-	109	14	17	-	4	-	-	3	-
Reversal of provision for loss on guarantees	-	-	-	-	-	-	-	-	-	-	1,219	-
Other	-	3	-	1	-	-	-	-	-	-	2	-
Extraordinary income	18	8	4	136	27	119	46	1,120	50	262	81	93
Extraordinary income	18	8	4	136	27	119	46	1,120	50	262	81	93
Loss on sale of non-current assets	-	6	-	-	1	7	1	14	1	242	-	75
Loss on retirement of non-current assets	18	-	89	13	-	-	1	2	3	72	10	12
Loss on valuation of investment securities	-	-	-	-	-	-	-	12	-	8	-	9
Provision for product warranties	-	-	-	-	-	-	-	-	-	500	220	-
Other	54	-	21	8	5	6	3	-	-	7	-	-
Extraordinary losses	18	7	111	1,200	52	73	1,691	757	1	2,211	230	98
Profit (loss) before income taxes	1,887	2,588	2,603	2,535	3,185	3,765	3,048	1,271	-529	-811	1,061	3,230
Income taxes - current	182	588	513	636	438	341	314	36	71	66	911	1,084
Income taxes - deferred	347	63	213	-	-55	115	62	-302	-439	-410	-406	247
Income taxes	530	651	726	636	382	456	335	-265	-367	-344	504	1,331
Profit (loss)	-	-	1,876	1,899	2,802	3,308	2,722	1,536	-161	-467	557	1,899
Profit (loss) attributable to non-controlling interests	-	-	23	37	122	165	162	126	72	128	157	151
Profit (loss) attributable to owners of parent	-	-	3,194	3,772	4,454	4,254	3,087	991	300	621	399	1,747