JP-listed companies
C.S. LUMBER CO., INC

C.S. LUMBER CO., INCJP:7808

Market cap

¥5.7B

P/E ratio

4.9x

Income statement Balance sheet Cash flow

	Nov 30, 2015	Nov 30, 2016	Nov 30, 2017	Nov 30, 2018	May 31, 2019	May 31, 2020	May 31, 2021	May 31, 2022	May 31, 2023	May 31, 2024
Cash and deposits	-	1,365	1,733	1,457	1,749	2,313	2,429	4,922	5,425	5,157
Notes and accounts receivable - trade, and contract assets	-	-	-	-	-	-	-	4,210	3,489	3,064
Notes receivable - trade	-	-	-	-	-	-	-	173	149	124
Merchandise and finished goods	-	112	63	104	71	95	102	125	127	127
Electronically recorded monetary claims - operating	-	-	-	-	-	-	-	-	75	71
Real estate for sale	-	146	328	245	412	364	498	797	579	529
Accounts receivable - trade	-	-	-	-	-	-	-	3,520	2,706	2,076
Work in process	-	412	279	389	347	269	345	397	352	313
Contract assets	-	-	-	-	-	-	-	518	634	863
Raw materials and supplies	-	325	329	294	334	339	379	620	459	519
Merchandise and finished goods	-	112	63	104	71	95	102	125	127	127
Other	-	103	171	104	106	77	79	89	141	103
Work in process	-	412	279	389	347	269	345	397	352	313
Allowance for doubtful accounts	-	-22	-20	-16	-7	-7	-3	-4	-16	-30
Raw materials and supplies	-	325	329	294	334	339	379	620	459	519
Current assets	-	4,774	5,461	5,649	5,382	6,049	6,614	11,157	10,556	9,782
Prepaid expenses	-	-	-	-	-	-	-	-	41	50
Accounts receivable - other	-	-	-	-	-	-	-	-	15	38
Other	-	103	171	104	106	77	79	89	141	103
Allowance for doubtful accounts	-	-22	-20	-16	-7	-7	-3	-4	-16	-30
Current assets	-	4,774	5,461	5,649	5,382	6,049	6,614	11,157	10,556	9,782
Buildings, net	-	-	-	-	-	-	-	-	492	435
Buildings and structures, net	-	821	862	1,015	1,061	982	883	784	698	619
Structures, net	-	-	-	-	-	-	-	-	76	68
Machinery, equipment and vehicles, net	-	689	779	727	732	681	549	322	209	122
Machinery and equipment, net	-	-	-	-	-	-	-	-	147	70
Tools, furniture and fixtures, net	-	24	21	19	12	16	11	8	14	12
Vehicles, net	-	-	-	-	-	-	-	-	3	1
Land	-	1,392	1,404	1,483	1,459	1,459	1,459	1,448	1,448	1,448
Tools, furniture and fixtures, net	-	24	21	19	12	16	11	8	14	12
Construction in progress	-	60	83	107	20	0	26	47	19	5
Land	-	1,392	1,404	1,483	1,459	1,459	1,459	1,448	1,448	1,448
Real estate for rent	-	1,542	2,052	3,157	4,159	4,851	5,888	6,669	8,736	10,770
Real estate for rent	-	1,542	2,052	3,157	4,159	4,851	5,888	6,669	8,736	10,770
Property, plant and equipment	-	4,529	5,200	6,507	7,445	7,989	8,816	9,278	11,125	12,976
Property, plant and equipment	-	4,529	5,200	6,507	7,445	7,989	8,816	9,278	11,125	12,976
Leasehold interests in land	-	-	-	-	-	-	-	-	32	32
Goodwill	-	-	-	65	62	55	48	41	34	27
Software	-	55	80	69	65	58	47	32	51	31
Other	-	36	37	36	40	39	38	37	38	43
Intangible assets	-	91	116	171	167	152	133	111	123	101
Investment securities	-	204	162	155	140	127	215	198	209	307
Shares of subsidiaries and associates	-	-	-	-	-	-	-	-	323	323
Long-term loans receivable	-	-	-	9	9	3	2	2	1	2
Investments in capital of subsidiaries and associates	-	-	-	-	-	-	-	-	0	0
Distressed receivables	-	52	12	26	78	25	18	56	15	31
Long-term loans receivable	-	-	-	9	9	3	2	2	1	2
Deferred tax assets	-	-	-	-	101	142	161	182	131	143
Distressed receivables	-	52	12	26	78	25	18	56	15	31
Long-term time deposits	-	20	20	20	20	20	-	20	120	120
Long-term prepaid expenses	-	-	-	-	-	-	-	-	8	6
Other	-	88	89	148	139	144	148	85	93	101
Deferred tax assets	-	-	-	-	101	142	161	182	131	143
Allowance for doubtful accounts	-	-38	-10	-19	-25	-25	-18	-56	-15	-31
Long-term time deposits	-	20	20	20	20	20	-	20	120	120
Investments and other assets	-	347	300	381	461	436	526	487	555	674
Other	-	88	89	148	139	144	148	85	93	101
Allowance for doubtful accounts	-	-38	-10	-19	-25	-25	-18	-56	-15	-31
Investments and other assets	-	347	300	381	461	436	526	487	555	674
Non-current assets	-	4,967	5,616	7,059	8,072	8,577	9,475	9,875	11,802	13,751
Assets	-	9,741	11,078	12,697	13,455	14,625	16,089	21,032	22,358	23,533
Notes payable - trade	-	-	-	-	-	-	-	-	11	3
Notes and accounts payable - trade	-	1,913	1,807	2,293	1,934	2,129	2,174	2,270	1,695	1,565
Electronically recorded obligations - operating	-	718	763	760	744	717	874	2,065	1,786	1,720
Accounts payable - trade	-	-	-	-	-	-	-	-	1,301	1,084
Short-term borrowings	-	1,538	1,342	1,311	1,460	1,113	1,050	601	430	2,818
Short-term borrowings	-	1,538	1,342	1,311	1,460	1,113	1,050	601	430	2,818
Current portion of bonds payable	-	-	-	-	-	-	100	100	200	280
Current portion of bonds payable	-	-	-	-	-	-	100	100	200	280
Current portion of long-term borrowings	-	371	335	514	317	701	398	862	750	472
Current portion of long-term borrowings	-	371	335	514	317	701	398	862	750	472
Lease liabilities	-	137	179	184	191	207	205	174	140	73
Lease liabilities	-	137	179	184	191	207	205	174	140	73
Accounts payable - other	-	531	554	603	366	410	381	392	395	436
Accounts payable - other	-	531	554	603	366	410	381	392	395	436
Accrued expenses	-	90	95	101	229	311	320	300	280	268
Accrued expenses	-	90	95	101	229	311	320	300	280	268
Income taxes payable	-	49	110	126	192	236	346	1,016	360	231
Income taxes payable	-	49	110	126	192	236	346	1,016	360	231
Other	-	136	204	170	201	260	246	467	266	222
Accrued consumption taxes	-	-	-	-	-	-	-	-	45	40
Current liabilities	-	5,487	5,394	6,067	5,640	6,109	6,098	8,250	6,303	8,085
Other	-	136	204	170	201	260	246	467	266	222
Current liabilities	-	5,487	5,394	6,067	5,640	6,109	6,098	8,250	6,303	8,085
Bonds payable	-	-	-	-	-	-	350	250	500	580
Long-term borrowings	-	1,425	2,131	2,908	3,986	4,178	4,582	4,949	5,928	3,984
Lease liabilities	-	655	740	624	635	578	427	267	182	119
Provision for warranties for completed construction	-	-	-	-	-	-	-	-	60	54
Provision for retirement benefits	-	-	-	-	-	-	-	-	128	140
Provision for retirement benefits for directors (and other officers)	-	128	136	143	146	145	150	156	162	170
Provision for retirement benefits for directors (and other officers)	-	128	136	143	146	145	150	156	162	170
Retirement benefit liability	-	118	128	134	135	151	168	175	174	192
Asset retirement obligations	-	-	-	-	3	5	5	5	5	5
Other	-	1	3	3	7	7	18	17	54	57
Non-current liabilities	-	2,621	3,363	3,990	5,067	5,181	5,794	5,896	7,064	5,160
Liabilities	-	8,108	8,758	10,056	10,707	11,290	11,892	14,146	13,368	13,245
Share capital	-	310	515	521	522	523	527	533	536	536
Legal capital surplus	-	-	-	-	-	-	-	-	317	317
Other capital surplus	-	-	-	-	-	-	-	-	4	4
Capital surplus	-	91	296	306	307	308	312	318	322	322
Capital surplus	-	91	296	306	307	308	312	318	322	322
Legal retained earnings	-	-	-	-	-	-	-	-	11	11
General reserve	-	-	-	-	-	-	-	-	3,970	5,370
Retained earnings brought forward	-	-	-	-	-	-	-	-	3,094	2,716
Retained earnings	-	1,132	1,433	1,733	1,847	2,446	3,246	5,934	8,023	9,310
Retained earnings	-	1,132	1,433	1,733	1,847	2,446	3,246	5,934	8,023	9,310
Treasury shares	-	-11	-11	-	-	-0	-0	-0	-1	-1
Shareholders' equity	-	1,523	2,234	2,560	2,676	3,277	4,085	6,785	8,880	10,167
Valuation difference on available-for-sale securities	-	110	86	81	73	60	117	101	107	115
Valuation and translation adjustments	-	110	86	81	72	58	112	101	111	121
Foreign currency translation adjustment	-	-0	-0	-1	-1	-2	-1	2	4	5
Valuation and translation adjustments	-	110	86	81	72	58	112	101	111	121
Net assets	1,346	1,633	2,320	2,640	2,748	3,335	4,197	6,886	8,991	10,288
Liabilities and net assets	-	9,741	11,078	12,697	13,455	14,625	16,089	21,032	22,358	23,533