JP-listed companies
TOKYO SOIR CO.,LTD.

TOKYO SOIR CO.,LTD.JP:8040

Market cap

¥2.9B

P/E ratio

3.7x

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	17,674	18,062	18,190	17,108	17,604	16,717	16,136	14,972	10,242	11,823	14,241	15,027
Beginning inventory of merchandise and finished goods	3,556	3,886	4,156	4,197	4,196	4,101	4,069	4,495	5,108	5,462	4,414	3,686
Cost of purchased goods	1,506	1,573	1,625	1,591	1,471	1,375	1,360	1,276	784	717	1,066	1,111
Purchase of finished goods	4,602	4,743	4,595	4,562	4,884	4,746	4,718	4,187	3,067	2,910	3,309	3,994
Cost of products manufactured	3,257	3,379	3,354	3,176	2,899	2,736	2,761	2,893	2,151	1,553	1,926	3,004
Total	12,922	13,581	13,731	13,525	13,450	12,958	12,908	12,850	11,111	10,642	10,715	11,795
Transfer to other account	-1	5	4	0	5	4	8	4	-6	7	6	1
Ending inventory of merchandise and finished goods	3,886	4,156	4,197	4,196	4,101	4,069	4,495	5,108	5,462	4,414	3,686	4,597
Cost of sales	9,037	9,419	9,530	9,328	9,345	8,884	8,405	7,739	5,655	6,221	7,022	7,197
Gross profit (loss)	8,636	8,643	8,660	7,780	8,259	7,833	7,731	7,233	4,587	5,602	7,219	7,830
Promotion expenses	285	332	391	290	299	263	299	343	292	270	363	454
Freight and packing costs	416	428	453	435	421	424	401	382	320	293	315	345
Advertising expenses	39	45	37	17	13	12	12	14	7	8	9	9
Provision of allowance for doubtful accounts	-	-	-	-	-	2	-	-	14	0	-	2
Remuneration for directors (and other officers)	146	146	147	135	106	104	114	136	140	104	82	91
Employees' salaries	4,257	4,308	4,413	4,352	4,168	3,982	3,988	3,982	3,703	3,604	3,542	3,621
Bonuses	301	255	203	139	146	154	200	207	145	59	144	185
Retirement benefit expenses	242	257	253	182	93	98	71	54	51	50	33	22
Legal welfare expenses	568	571	581	638	595	571	578	579	557	547	514	515
Travel and communication expenses	451	465	473	438	406	385	386	368	304	295	292	309
Rent expenses	305	307	361	450	459	471	513	533	494	514	531	561
Depreciation	107	120	160	198	191	183	183	169	152	210	232	264
Business office tax	12	12	12	12	12	11	11	12	12	11	11	11
Payment royalty	332	359	401	377	390	264	233	240	225	214	193	193
Other	614	615	650	624	593	632	636	668	629	620	618	727
Selling, general and administrative expenses	8,100	8,245	8,559	8,308	7,906	7,559	7,626	7,687	7,045	6,801	6,880	7,310
Operating profit (loss)	556	365	134	-470	268	174	144	-377	-2,250	-1,186	339	520
Interest income	1	1	1	1	1	1	1	1	1	1	0	0
Dividend income	36	36	43	43	46	48	50	53	45	41	44	38
Rental income from real estate	87	87	87	84	64	80	73	54	127	121	104	104
Subsidy income	-	-	-	-	-	-	-	-	194	203	12	-
Other	-	-	-	-	-	-	-	-	26	18	17	14
Non-operating income	187	183	210	180	159	177	174	155	407	387	177	157
Interest expenses	-	-	-	0	2	1	-	3	36	43	20	12
Rental expenses	35	35	38	36	39	37	47	44	71	65	44	44
Other	-	-	-	-	-	-	-	-	2	1	2	3
Non-operating expenses	47	51	52	51	52	51	61	72	120	113	67	59
Ordinary profit (loss)	696	497	292	-341	375	300	257	-295	-1,963	-912	449	618
Gain on sale of non-current assets	-	-	-	-	-	2	-	-	-	-	0	0
Gain on sale of investment securities	63	-	-	54	-	78	84	0	177	88	66	466
Gain on redemption of golf memberships	-	-	-	-	-	-	-	-	-	-	17	-
Extraordinary income	63	-	-	54	-	79	84	0	177	1,772	83	466
Business restructuring expenses	-	-	-	-	-	-	-	-	-	290	31	-
Impairment losses	-	6	-	18	55	118	129	6	22	96	10	161
Extraordinary losses	9	6	-	18	99	414	130	6	22	411	42	161
Profit (loss) before income taxes	751	491	292	-306	276	-35	211	-301	-1,808	449	490	923
Income taxes - current	308	235	125	32	76	36	47	33	34	135	91	144
Income taxes - deferred	30	-31	32	-52	492	-0	-2	-140	143	15	-120	-19
Income taxes	337	204	157	-20	568	36	46	-107	177	150	-29	125
Profit (loss)	-	-	-	-286	-293	-71	166	-193	-1,984	299	519	799