JP-listed companies
T.RAD Co.,Ltd.

T.RAD Co.,Ltd.JP:7236

Market cap

¥24.3B

P/E ratio

18.2x

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	87,530	95,248	103,442	102,132	107,608	124,490	136,125	130,524	113,046	133,581	149,413	158,659
Cost of sales	77,592	83,138	91,997	92,809	95,944	108,543	120,302	117,051	102,205	118,478	137,558	143,761
Beginning finished goods inventory	-	-	-	-	-	-	-	-	-	-	1,435	1,440
Cost of products manufactured	-	-	-	-	-	-	-	-	-	-	59,202	61,553
Purchase of finished goods	-	-	-	-	-	-	-	-	-	-	1,394	1,412
Transfer from other account	-	-	-	-	-	-	-	-	-	-	4,040	4,392
Total	-	-	-	-	-	-	-	-	-	-	66,072	68,785
Finished goods transfer to other account	-	-	-	-	-	-	-	-	-	-	189	235
Ending finished goods inventory	-	-	-	-	-	-	-	-	-	-	1,440	1,395
Cost of finished goods sold	-	-	-	-	-	-	-	-	-	-	64,443	67,154
Gross profit (loss)	9,937	12,110	11,445	9,323	11,664	15,946	15,822	13,472	10,841	15,103	11,855	14,898
Packing and delivery expenses	1,123	1,080	1,172	1,096	1,149	1,498	1,749	1,550	1,369	1,780	1,614	1,554
Advertising expenses	-	-	-	-	-	-	-	-	-	-	24	22
Provision for product warranties	18	39	74	49	66	98	162	164	594	273	709	575
Remuneration for directors (and other officers)	195	199	199	202	202	201	212	225	229	244	207	176
Provision for product warranties	18	39	74	49	66	98	162	164	594	273	709	575
Salaries and allowances	1,730	1,893	1,978	2,001	1,979	2,001	2,153	2,377	2,112	2,308	2,302	2,421
Remuneration for directors (and other officers)	195	199	199	202	202	201	212	225	229	244	207	176
Provision for bonuses	219	258	236	237	247	338	302	331	308	399	429	497
Salaries and allowances	1,730	1,893	1,978	2,001	1,979	2,001	2,153	2,377	2,112	2,308	2,302	2,421
Provision for bonuses for directors (and other officers)	49	78	55	22	53	96	84	43	-	72	25	32
Provision for bonuses	219	258	236	237	247	338	302	331	308	399	429	497
Retirement benefit expenses	125	118	108	88	89	79	65	96	101	98	44	23
Provision for bonuses for directors (and other officers)	49	78	55	22	53	96	84	43	-	72	25	32
Provision for share awards	-	-	-	-	-	-	-	-	-	-	29	15
Provision for retirement benefits	-	-	-	-	-	-	-	-	-	-	68	27
Welfare expenses	675	807	749	894	957	1,059	1,080	1,259	1,054	1,213	1,457	1,509
Depreciation	217	269	317	320	291	304	356	441	419	356	349	314
Rent expenses	194	236	232	251	261	315	448	395	395	443	479	508
Repair expenses	-	-	-	-	-	-	-	-	-	-	122	119
Travel, transportation and communication expenses	429	443	497	457	452	516	612	617	283	337	396	486
Taxes and dues	-	-	-	-	-	-	-	-	-	-	101	106
Research and development expenses	1,139	1,371	1,116	852	1,084	1,255	1,417	1,247	1,108	1,127	1,104	1,199
Rent expenses	194	236	232	251	261	315	448	395	395	443	479	508
Entertainment expenses	85	90	100	81	86	95	109	90	21	19	22	27
Travel, transportation and communication expenses	429	443	497	457	452	516	612	617	283	337	396	486
Provision of allowance for doubtful accounts	10	-	4	4	5	8	2	-	94	4	59	-10
Provision for share awards	-	-	-	-	-	-	-	-	-	-	29	15
Commission expenses	496	301	302	301	359	358	463	423	333	295	344	289
Research and development expenses	1,139	1,371	1,116	852	1,084	1,255	1,417	1,247	1,108	1,127	1,104	1,199
Miscellaneous expenses	588	774	998	1,171	1,079	1,769	1,326	1,124	1,049	1,073	1,229	926
Insurance expenses	-	-	-	-	-	-	-	-	-	-	10	12
Selling, general and administrative expenses	7,300	7,964	8,145	8,076	8,447	10,153	10,730	10,629	9,576	10,061	10,805	10,547
Stationery expenses	-	-	-	-	-	-	-	-	-	-	33	36
Entertainment expenses	85	90	100	81	86	95	109	90	21	19	22	27
Commission expenses	496	301	302	301	359	358	463	423	333	295	344	289
Miscellaneous expenses	588	774	998	1,171	1,079	1,769	1,326	1,124	1,049	1,073	1,229	926
Selling, general and administrative expenses	7,300	7,964	8,145	8,076	8,447	10,153	10,730	10,629	9,576	10,061	10,805	10,547
Operating profit (loss)	2,636	4,145	3,300	1,247	3,216	5,792	5,092	2,843	1,264	5,041	1,050	4,350
Interest income	74	63	105	62	70	80	153	172	131	156	165	248
Dividend income	123	164	188	224	215	208	185	103	3	2	5	3
Interest on securities	-	-	-	-	-	-	-	-	-	-	1	-
Share of profit of entities accounted for using equity method	202	352	339	320	387	337	196	-	-	435	443	569
Dividend income	123	164	188	224	215	208	185	103	3	2	5	3
Foreign exchange gains	15	293	-	-	-	-	-	-	169	315	538	508
Other	182	203	168	118	180	277	331	171	391	294	262	310
Non-operating income	878	1,077	801	726	853	904	865	571	696	1,204	1,415	1,639
Interest expenses	151	150	195	181	236	212	248	300	263	235	363	642
Other	59	55	61	9	12	10	31	33	14	12	18	8
Non-operating expenses	233	223	445	549	525	251	386	532	420	248	382	650
Ordinary profit (loss)	3,281	4,999	3,656	1,424	3,544	6,445	5,572	2,883	1,540	5,997	2,083	5,339
Gain on sale of non-current assets	12	7	1	56	16	11	171	74	46	36	15	87
Gain on sale of investment securities	85	966	308	-	333	641	-	1,498	-	-	-	199
Extraordinary income	166	1,013	309	57	388	1,261	171	1,637	46	52	15	505
Gain on sale of shares of subsidiaries and associates	-	-	-	-	-	-	-	-	-	-	-	218
Extraordinary income	166	1,013	309	57	388	1,261	171	1,637	46	52	15	505
Loss on sale of non-current assets	17	76	13	4	24	4	99	12	33	7	20	9
Loss on retirement of non-current assets	82	78	175	100	142	108	90	251	210	128	140	92
Loss on retirement of non-current assets	82	78	175	100	142	108	90	251	210	128	140	92
Loss on sale of non-current assets	17	76	13	4	24	4	99	12	33	7	20	9
Impairment losses	578	116	5	-	354	28	1,418	102	1,274	15	3,507	1,623
Loss on sale of shares of subsidiaries and associates	-	565	-	-	-	-	-	-	-	-	-	130
Loss on reversal of foreign currency translation adjustments	-	-	-	-	-	-	-	-	-	-	401	-
Loss on valuation of shares of subsidiaries and associates	-	-	-	-	-	-	-	-	-	-	6,362	3,877
Extraordinary losses	1,678	2,697	1,683	244	1,115	2,139	1,912	773	1,535	151	4,069	1,726
Loss on valuation of investments in capital of subsidiaries and associates	-	-	-	-	-	-	-	-	-	-	692	1,405
Extraordinary losses	1,678	2,697	1,683	244	1,115	2,139	1,912	773	1,535	151	4,069	1,726
Profit (loss) before income taxes	1,769	3,315	2,283	1,237	2,817	5,567	3,830	3,747	51	5,899	-1,970	4,118
Income taxes - current	824	1,308	1,205	948	1,013	1,459	1,690	2,025	1,605	2,187	2,140	2,710
Income taxes - deferred	157	-111	551	-434	-303	158	195	-55	-593	71	-102	72
Income taxes	982	1,197	1,756	513	710	1,617	1,885	1,969	1,012	2,258	2,038	2,782
Profit (loss)	-	-	526	723	2,107	3,949	1,945	1,777	-960	3,640	-4,009	1,336
Profit (loss) attributable to non-controlling interests	-	-	42	-21	84	257	209	341	278	39	-413	90
Profit attributable to owners of parent	-	-	484	745	2,022	3,691	1,735	1,435	-1,239	3,600	-3,595	1,245