JP-listed companies
WADAKOHSAN CORPORATION

WADAKOHSAN CORPORATIONJP:8931

Market cap

¥15.3B

P/E ratio

5.8x

Income statement Balance sheet Cash flow

	Feb 29, 2012	Feb 28, 2013	Feb 28, 2014	Feb 28, 2015	Feb 29, 2016	Feb 28, 2017	Feb 28, 2018	Feb 28, 2019	Feb 29, 2020	Feb 28, 2021	Feb 28, 2022	Feb 28, 2023	Feb 29, 2024
Cash and deposits	-	12,001	12,263	11,569	7,670	10,959	13,354	12,286	8,965	11,835	17,008	11,756	17,346
Accounts receivable - trade	-	14	13	15	19	13	6	8	12	14	8	5	6
Lease receivables	-	-	-	-	932	919	905	889	873	855	836	816	794
Real estate for sale	-	659	236	1,754	5,708	1,869	3,654	5,576	9,223	11,145	10,478	9,779	9,611
Real estate for sale in process	-	16,640	20,448	26,421	29,630	36,413	41,453	40,377	40,918	39,448	40,873	34,447	44,283
Prepaid expenses	-	76	86	86	98	91	97	92	72	70	91	91	84
Consumption taxes refund receivable	-	-	-	-	193	-	669	-	360	-	-	148	66
Other	-	208	154	376	452	394	276	106	117	251	661	716	199
Allowance for doubtful accounts	-	-2	-3	-2	-12	-10	-8	-8	-8	-8	-9	-14	-8
Current assets	-	29,722	33,333	40,319	44,798	50,754	60,530	59,508	60,533	63,610	69,945	57,745	72,381
Buildings	-	15,485	15,747	16,434	17,012	16,760	17,653	17,938	19,953	19,833	20,049	20,821	21,109
Accumulated depreciation	-	-4,324	-4,753	-5,225	-5,701	-6,120	-6,454	-6,789	-7,324	-7,432	-7,742	-8,083	-8,639
Buildings, net	-	11,161	10,994	11,208	11,311	10,640	11,199	11,149	12,629	12,400	12,308	12,737	12,471
Structures	-	184	186	194	195	208	234	237	243	239	256	264	270
Accumulated depreciation	-	-126	-135	-140	-147	-154	-162	-167	-175	-176	-181	-185	-194
Structures, net	-	58	51	53	48	54	73	71	68	63	75	79	77
Machinery and equipment	-	513	513	513	513	513	513	513	513	513	513	278	280
Accumulated depreciation	-	-496	-501	-504	-507	-510	-513	-513	-513	-513	-513	-278	-278
Machinery and equipment, net	-	18	12	9	6	3	1	0	0	0	0	-	2
Tools, furniture and fixtures	-	190	191	200	212	217	239	243	243	251	266	277	290
Accumulated depreciation	-	-149	-160	-168	-180	-188	-197	-210	-215	-210	-226	-229	-238
Tools, furniture and fixtures, net	-	41	31	32	32	29	42	33	28	41	40	48	52
Land	-	12,007	12,493	12,741	13,323	13,221	13,768	13,271	13,988	13,652	13,220	13,414	13,660
Leased assets	-	-	-	-	-	-	-	-	-	11	18	18	18
Accumulated depreciation	-	-	-	-	-	-	-	-	-	-1	-3	-5	-7
Leased assets, net	-	-	-	-	-	-	-	-	-	10	15	13	11
Construction in progress	-	87	235	2	-	39	198	119	17	131	14	87	427
Property, plant and equipment	-	23,373	23,816	24,045	24,720	23,987	25,279	24,644	26,730	26,297	25,672	26,378	26,700
Leasehold interests in land	-	315	315	315	315	315	520	598	599	599	599	599	645
Software	-	44	35	25	15	14	13	13	10	15	11	20	16
Other	-	8	8	8	10	8	8	8	8	8	8	8	8
Intangible assets	-	367	358	348	340	337	541	619	616	621	618	626	668
Investment securities	-	77	180	206	187	199	206	325	320	312	300	292	233
Shares of subsidiaries and associates	-	-	-	-	-	125	125	125	125	125	125	62	62
Investments in capital	-	3	3	3	3	3	3	3	3	3	3	3	3
Distressed receivables	-	47	43	42	18	15	15	15	17	17	15	15	16
Deferred tax assets	-	-	-	-	-	-	-	-	394	403	502	370	466
Guarantee deposits	-	199	216	198	202	192	195	192	220	217	216	211	270
Other	-	289	324	393	447	465	573	730	673	747	922	458	446
Allowance for doubtful accounts	-	-57	-45	-42	-19	-15	-17	-15	-17	-17	-16	-16	-16
Investments and other assets	-	646	822	938	1,018	1,140	1,252	1,705	1,735	1,807	2,067	1,395	1,480
Non-current assets	-	24,385	24,995	25,332	26,078	25,465	27,073	26,967	29,080	28,725	28,357	28,399	28,848
Assets	-	54,107	58,328	65,651	70,876	76,219	87,603	86,293	89,613	92,336	98,302	86,144	101,229
Accounts payable - trade	-	2,478	2,771	3,834	1,393	1,409	831	1,858	2,317	3,974	4,012	811	3,783
Electronically recorded obligations - operating	-	-	6,437	2,830	3,242	4,730	4,656	4,795	4,429	3,700	9,192	6,215	4,865
Short-term borrowings	-	2,808	1,463	4,452	4,336	5,433	5,141	6,505	8,531	9,114	7,308	9,202	7,755
Current portion of bonds payable	-	30	30	39	289	369	9	9	9	325	224	56	56
Current portion of long-term borrowings	-	6,934	7,121	7,054	12,212	16,811	13,944	17,235	10,354	10,095	20,856	7,760	9,970
Accounts payable - other	-	174	361	255	277	227	316	275	320	222	409	428	256
Accounts payable - facilities	-	105	42	40	36	20	58	19	6	4	11	138	234
Accrued expenses	-	36	34	65	67	34	36	40	57	57	41	35	36
Income taxes payable	-	389	519	479	460	461	369	583	445	266	672	533	853
Advances received	-	1,898	1,747	2,959	3,550	4,267	7,535	3,816	2,796	4,028	4,202	3,490	6,287
Deposits received	-	164	131	313	125	28	51	57	38	92	97	33	97
Lease liabilities	-	-	-	-	-	-	-	-	-	2	2	2	2
Unearned revenue	-	96	93	92	105	111	133	123	149	155	156	166	191
Provision for bonuses	-	74	83	88	96	97	107	107	117	120	122	134	151
Provision for bonuses for directors (and other officers)	-	5	6	7	7	7	7	7	8	8	8	9	10
Provision for warranties for completed construction	-	12	12	16	14	14	12	12	8	13	21	19	20
Asset retirement obligations	-	5	12	-	15	-	-	1	6	5	-	-	1
Other	-	136	24	156	59	16	13	1,154	9	10	8	29	157
Current liabilities	-	20,991	20,926	23,407	26,282	34,440	33,288	37,045	29,596	32,270	47,849	29,062	34,723
Bonds payable	-	1,120	1,090	1,217	929	560	552	543	535	610	386	232	176
Long-term borrowings	-	16,118	19,515	23,158	24,592	21,061	31,242	24,646	33,964	33,050	21,894	27,271	34,633
Long-term guarantee deposits	-	468	440	424	583	545	538	478	452	410	362	332	338
Provision for retirement benefits	-	126	143	150	166	168	191	215	225	229	233	235	246
Provision for retirement benefits for directors (and other officers)	-	354	379	406	426	425	452	478	485	516	548	101	123
Lease liabilities	-	-	-	-	-	-	-	-	-	9	14	12	9
Asset retirement obligations	-	119	120	139	133	150	135	203	266	290	324	316	316
Other	-	9	23	126	188	144	144	127	112	69	36	4	5
Non-current liabilities	-	18,314	21,709	25,620	27,015	23,053	33,252	26,690	36,038	35,184	23,797	28,503	35,847
Liabilities	-	39,305	42,635	49,027	53,298	57,493	66,540	63,734	65,635	67,453	71,646	57,565	70,570
Share capital	-	891	891	891	891	891	1,403	1,403	1,403	1,403	1,403	1,403	1,403
Legal capital surplus	-	936	936	936	936	936	1,448	1,448	1,448	1,448	1,448	1,448	1,448
Capital surplus	-	936	936	936	936	936	1,448	1,448	1,448	1,448	1,448	1,448	1,448
Legal retained earnings	-	20	20	20	20	20	20	20	20	20	20	20	20
General reserve	-	11,000	11,000	12,000	12,000	13,000	13,000	13,000	13,000	13,000	13,000	13,000	13,000
Retained earnings brought forward	-	1,956	2,843	2,824	3,842	3,953	5,273	6,783	8,209	9,088	10,837	12,731	14,770
Retained earnings	-	12,977	13,863	14,844	15,862	16,973	18,293	19,803	21,229	22,108	23,857	25,751	27,790
Treasury shares	-	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Shareholders' equity	-	14,804	15,690	16,671	17,690	18,801	21,144	22,654	24,080	24,960	26,708	28,602	30,642
Valuation difference on available-for-sale securities	-	4	5	26	10	20	18	-8	-24	-29	-27	-20	21
Deferred gains or losses on hedges	-	-6	-2	-73	-121	-96	-98	-88	-78	-48	-25	-3	-4
Valuation and translation adjustments	-	-2	3	-47	-111	-75	-80	-96	-102	-77	-52	-23	17
Net assets	14,186	14,802	15,693	16,625	17,579	18,726	21,064	22,559	23,979	24,882	26,657	28,580	30,659
Liabilities and net assets	-	54,107	58,328	65,651	70,876	76,219	87,603	86,293	89,613	92,336	98,302	86,144	101,229