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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

LANDNET Inc.

Ticker: 2991.T | Industry: Real Estate - Services | Sector: Real Estate
$651.00 -9.00 (-1.36%)
As of: 2026-01-23

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022 2021
Stock Price 577.67 342.31 282.44 240.14 264.07
Market Capitalization 13,843.13M 6,572.77M 3,372.60M 4,892.27M 3,726.18M
(-) Cash & Equivalents 3,220.86M 3,268.81M 2,743.88M 2,875.86M 3,294.40M
(+) Total Debt 17,532.02M 13,186.33M 9,007.06M 5,861.45M 3,970.15M
Enterprise Value 28,154.28M 16,490.29M 9,635.77M 7,877.86M 4,401.92M

Income Statement

Metric TTM TTM-1 2025-07-31 2024-07-31 2023-07-31 2022-07-31 2021-07-31 2020-07-31 2019-07-31
Revenue 95,993M 77,791M 95,992M 77,791M 63,648M 51,871M 41,163M 35,774M 30,153M
Cost of Revenue 80,793M 65,915M 80,793M 65,915M 54,686M 44,423M 35,277M 30,931M 25,620M
Gross Profit 15,200M 11,876M 15,199M 11,876M 8,961M 7,448M 5,886M 4,843M 4,533M
Gross Profit Margin 15.8% 15.3% 15.8% 15.3% 14.1% 14.4% 14.3% 13.5% 15.0%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 5,341M 9,087M 11,452M 9,087M 7,431M 5,934M 4,671M 3,968M 3,411M
Operating Expenses 11,443M 9,091M 11,455M 9,090M 7,440M 5,942M 4,665M 3,968M 3,411M
Operating Income (EBIT) 3,757M 2,786M 3,744M 2,786M 1,521M 1,505M 1,221M 875M 1,121M
Operating Income Margin 3.9% 3.6% 3.9% 3.6% 2.4% 2.9% 3.0% 2.4% 3.7%
Interest Income 1M 0M 1M 0M 0M 0M 0M 0M 0M
Interest Expense 0M 181M 0M 181M 94M 65M 40M 35M 29M
Net Interest Income 1M -181M 1M -181M -94M -65M -40M -35M -29M
Unusual Items -194M 148M -181M 148M 52M -8M -22M 23M 2M
EBT Excluding Unusual Items 3,758M 2,605M 3,745M 2,605M 1,426M 1,440M 1,181M 840M 1,092M
Pre-Tax Income 3,564M 2,753M 3,564M 2,753M 1,478M 1,433M 1,159M 863M 1,094M
Pre-Tax Margin 3.7% 3.5% 3.7% 3.5% 2.3% 2.8% 2.8% 2.4% 3.6%
Income Tax Expense 1,180M 913M 1,180M 913M 490M 477M 413M 268M 321M
Net Income 2,384M 1,840M 2,384M 1,840M 988M 956M 746M 595M 773M
Net Income Margin 2.5% 2.4% 2.5% 2.4% 1.6% 1.8% 1.8% 1.7% 2.6%
Depreciation & Amortization 357M 204M 361M 311M 227M 159M 108M 96M 76M
EBITDA 4,114M 2,990M 4,105M 3,097M 1,747M 1,664M 1,329M 971M 1,198M
EBITDA Margin 4.3% 3.8% 4.3% 4.0% 2.7% 3.2% 3.2% 2.7% 4.0%
NOPAT 2,513M 1,862M 2,504M 1,862M 1,016M 1,004M 786M 603M 793M
NOPAT Margin 2.6% 2.4% 2.6% 2.4% 1.6% 1.9% 1.9% 1.7% 2.6%
Owner's Earnings 2,740M 2,045M 600M 54M -570M -25M -62M 235M 594M
Owner's Earnings Margin 2.9% 2.6% 0.6% 0.1% -0.9% 0.0% -0.2% 0.7% 2.0%
EPS (Basic) 99.49 77.13 99.69 77.20 41.53 40.27 40.43 32.49 84.49
EPS (Diluted) 98.48 122.28 98.55 76.48 82.14 39.82 79.52 64.97 84.49
Shares (Basic) 24M 15M 24M 24M 12M 24M 9M 9M 9M
Shares (Diluted) 24M 15M 24M 24M 12M 24M 9M 9M 9M

Balance Sheet

Metric MRQ MRQ-1 2025-07-31 2024-07-31 2023-07-31 2022-07-31 2021-07-31 2020-07-31 2019-07-31
Cash & Cash Equivalents 4,478.01M 2,918.34M 4,478.00M 3,935.00M 3,272.69M 3,882.00M 3,946.99M 2,270.47M 2,412.52M
Short-Term Investments 0.00M 0.00M 0.00M 0.97M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 4,478.01M 2,918.34M 4,478.00M 3,935.97M 3,272.69M 3,882.00M 3,946.99M 2,270.47M 2,412.52M
Net Receivables 68.19M 65.07M 68.00M 62.98M 29.85M 11.00M 8.00M 31.00M 6.34M
Inventory 0.00M 0.00M 22,893.00M 16,764.06M 11,619.38M 7,612.56M 5,185.16M 4,030.44M 0.00M
Other Current Assets 23,965.80M -2,983.41M 832.00M 740.91M 106.52M 49.88M 26.18M 26.61M 4,096.98M
Total Current Assets 28,512.00M 0.00M 28,271.00M 21,503.92M 15,028.43M 11,555.45M 9,166.33M 6,358.52M 6,515.84M
Property, Plant & Equipment 4,815.04M 5,511.47M 4,815.00M 3,740.00M 2,729.23M 2,020.67M 1,669.63M 987.63M 788.53M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 841.00M 806.00M 841.00M 736.00M 646.83M 524.98M 305.95M 191.45M 90.64M
Long-Term Investments 903.00M 915.00M 903.00M 758.03M 594.71M 0.00M 369.00M 319.89M 426.00M
Tax Assets 313.55M 241.68M 0.00M 0.00M 155.98M 134.27M 98.34M 59.65M 67.81M
Other Non-Current Assets 0.73M -7,474.23M 315.00M 229.97M 27.68M 571.24M -0.34M 22.17M -0.49M
Other Assets 0.00M 33,673.66M 35,444.55M -0.92M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 6,873.32M 33,673.58M 42,318.55M 5,463.09M 4,154.44M 3,251.16M 2,442.59M 1,580.79M 1,372.50M
Total Assets 35,385.32M 33,673.58M 70,589.55M 26,967.00M 19,182.87M 14,806.61M 11,608.92M 7,939.30M 7,888.34M
Accounts Payable 178.00M 167.00M 178.00M 139.12M 98.99M 42.53M 10.13M 68.11M 26.68M
Short-Term Debt 11,464.94M 13,029.53M 11,455.00M 9,482.00M 6,122.36M 3,682.24M 2,029.26M 1,859.49M 2,155.54M
Tax Payables 0.00M 0.00M 0.00M 783.75M 284.53M 316.10M 360.80M 88.41M 230.93M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 1,580.76M 1,532.72M 1,361.31M 928.98M 0.00M
Other Current Liabilities 5,260.30M 4,445.49M 5,154.00M 4,425.00M 254.07M -23.54M 63.89M 32.92M 841.66M
Total Current Liabilities 16,903.25M 17,642.02M 16,787.00M 14,829.86M 8,340.70M 5,550.06M 3,825.39M 2,977.91M 3,254.82M
Long-Term Debt 6,597.63M 5,109.54M 6,597.00M 3,544.00M 2,992.66M 2,260.49M 1,815.54M 719.77M 822.24M
Capital Lease Obligations 33.00M 23.00M 33.00M 13.00M 7.12M 9.50M 13.96M 15.76M 18.96M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 52.01M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 769.00M 767.00M 769.00M 573.00M 546.31M 464.84M 408.74M 662.03M 695.28M
Total Non-Current Liabilities 7,399.63M 5,899.54M 7,399.00M 4,130.00M 3,598.10M 2,734.82M 2,238.25M 1,397.56M 1,536.48M
Total Liabilities 24,302.88M 23,541.56M 24,186.00M 18,959.86M 11,938.79M 8,284.88M 6,063.64M 4,375.48M 4,791.29M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 4,040.80M 0.00M 0.00M
Common Stock 709.53M 708.69M 709.00M 706.14M 700.61M 696.89M 694.61M 100.00M 100.00M
Retained Earnings 9,740.71M 8,794.87M 9,740.00M 7,540.41M 5,810.18M 4,917.83M 4,040.80M 3,354.03M 2,836.63M
Accumulated OCI 25.50M 20.65M 26.00M 24.99M 21.00M 12.70M 0.00M 0.43M 0.00M
Minority Interest 0.00M 0.00M 0.00M 0.00M 5,849.44M 2,070.23M 0.00M 324.55M 0.00M
Total Shareholders’ Equity 10,475.74M 9,524.21M 10,475.00M 8,271.53M 6,531.79M 5,627.42M 8,776.20M 3,454.45M 2,936.63M
Total Equity 10,475.74M 9,524.21M 10,475.00M 8,271.53M 12,381.22M 7,697.65M 8,776.20M 3,779.01M 2,936.63M
Total Liabilities & Equity 34,778.62M 33,065.76M 34,661.00M 27,231.40M 24,320.02M 15,982.54M 14,839.84M 8,154.48M 7,727.92M
Tangible Assets 34,544.32M 32,867.58M 69,748.55M 26,231.00M 18,536.04M 14,281.63M 11,302.97M 7,747.85M 7,797.69M
Tangible Equity 9,634.74M 8,718.21M 9,634.00M 7,535.53M 11,734.39M 7,172.68M 8,470.25M 3,587.56M 2,845.99M
Tangible Book Value 9,634.74M 8,718.21M 9,634.00M 7,535.53M 11,734.39M 7,172.68M 8,470.25M 3,587.56M 2,845.99M
Total Investments 903.00M 915.00M 903.00M 759.00M 594.71M 0.00M 369.00M 319.89M 426.00M
Net Debt 13,584.56M 15,220.73M 13,574.00M 9,091.00M 5,842.32M 2,060.73M -102.18M 308.79M 565.26M

Capital Metrics

Metric MRQ MRQ-1 2025-07-31 2024-07-31 2023-07-31 2022-07-31 2021-07-31 2020-07-31 2019-07-31
Working Capital 11,600.8M -17,648.0M 11,601.0M 7,538.9M 6,521.6M 5,705.6M 5,125.2M 3,264.2M 3,095.1M
Total Capital 29,173.7M 28,289.2M 29,169.0M 21,916.6M 16,254.5M 12,176.5M 9,192.8M 6,049.5M 5,934.4M
Capital Employed 18,475.1M 16,025.6M 18,475.0M 13,002.0M 10,676.1M 8,956.8M 7,567.8M 4,845.0M 4,467.6M
Invested Capital 24,695.7M 25,370.8M 24,691.0M 17,981.6M 12,981.8M 8,294.5M 5,245.8M 3,779.0M 3,521.9M

Cash Flow Statement

Metric TTM TTM-1 2025-07-31 2024-07-31 2023-07-31 2022-07-31 2021-07-31 2020-07-31 2019-07-31
Net Income 2,406.00M 1,173.00M 2,384.00M 1,840.33M 1,478.20M 1,432.66M 1,159.14M 862.94M 1,093.99M
Depreciation & Amortization 0.00M 0.00M 361.00M 310.98M 226.67M 158.79M 107.93M 96.00M 76.28M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital 0.00M 0.00M -5,051.04M -4,297.78M -3,432.10M -2,160.54M -847.84M 80.15M -1,011.39M
Accounts Receivable 0.00M 0.00M -10.44M -33.00M -12.30M 3.82M 5.27M -19.48M 1.03M
Inventory 0.00M 0.00M -5,702.00M -4,985.00M -3,593.94M -2,132.41M -1,134.18M 22.60M -1,019.33M
Accounts Payable 0.00M 0.00M 39.61M 40.13M 56.46M 32.40M -57.98M 41.43M 0.00M
Other Working Capital 0.00M 0.00M 622.52M 680.09M 117.69M -31.95M 339.06M 69.28M 6.90M
Other Non-Cash Items -2,406.00M -1,173.00M -294.96M 308.45M -664.13M -504.27M -229.95M -400.18M 120.13M
Net Cash from Operating Activities 0.00M 0.00M -2,601.00M -1,838.02M -2,391.35M -1,073.36M 189.27M 638.92M 279.01M
Capital Expenditures (PPE) 0.00M 0.00M -2,145.00M -2,096.00M -1,784.70M -1,139.28M -916.66M -455.69M -191.23M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M 458.74M 232.02M 14.53M 132.11M 0.00M
Purchases of Investments 0.00M 0.00M 0.00M 0.00M 0.00M -50.00M -40.00M 0.00M 0.00M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 0.00M 0.00M 40.00M 0.00M 0.00M 0.00M
Other Investing Activities 0.00M 0.00M 401.00M 1,053.83M 26.21M -216.13M 1.51M -33.49M -236.63M
Net Cash from Investing Activities 0.00M 0.00M -1,744.00M -1,042.17M -1,299.74M -1,133.39M -940.61M -357.07M -427.86M
Net Debt Issuance 0.00M 0.00M 5,019.55M 3,909.52M 3,172.28M 2,093.33M 1,265.55M -406.98M 985.98M
Long-Term Debt Issuance 0.00M 0.00M 3,686.00M 1,524.00M 919.75M 400.96M 1,069.06M -66.58M 450.01M
Short-Term Debt Issuance 0.00M 0.00M 1,338.82M 2,388.12M 2,252.53M 1,696.97M 196.49M -340.41M 535.97M
Net Stock Issuance 0.00M 0.00M 6.12M 11.07M 7.44M -0.72M 1,187.71M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 6.12M 11.07M 7.44M 4.56M 1,187.71M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M -5.27M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid 0.00M 0.00M -183.00M -110.00M -95.66M -76.30M -59.49M -77.22M -84.66M
Common Dividends Paid 0.00M 0.00M -183.00M -110.00M -95.00M -76.00M -59.00M -77.22M 0.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M -0.66M -0.30M -0.49M 0.00M 0.00M
Other Financing Activities 0.00M 0.00M -1.67M -0.12M -2.38M -7.46M -7.71M 0.00M -6.86M
Net Cash from Financing Activities 0.00M 0.00M 4,841.00M 3,810.47M 3,081.68M 2,008.86M 2,386.06M -484.20M 894.47M
Effect of FX on Cash 0.00M 0.00M 557.54M 0.64M 0.10M 2.91M 1.79M 0.30M -0.67M
Net Change in Cash 0.00M 0.00M 1,054.40M 930.93M -609.31M -194.99M 1,636.51M -202.05M 744.95M
Cash at Beginning of Period 0.00M 0.00M 3,423.61M 2,492.68M 3,101.99M 3,296.98M 1,660.47M 1,862.52M 1,117.57M
Cash at End of Period 3,423.61M 2,492.68M 4,478.01M 3,423.61M 2,492.68M 3,101.99M 3,296.98M 1,660.47M 1,862.52M
Operating Cash Flow 0.00M 0.00M -2,601.00M -1,838.02M -2,391.35M -1,073.36M 189.27M 638.92M 279.01M
Capital Expenditure 0.00M 0.00M -2,145.00M -2,097.08M -1,784.70M -1,139.28M -916.66M -455.69M -255.22M
Free Cash Flow 0.00M 0.00M -4,746.00M -3,934.00M -4,176.05M -2,212.64M -727.38M 183.23M 23.79M

Free Cash Flow

Metric TTM TTM-1 2025-07-31 2024-07-31 2023-07-31 2022-07-31 2021-07-31 2020-07-31 2019-07-31
EBITDA 7,021.27M 2,134.26M 4,108.00M 3,099.92M 1,756.82M 1,672.43M 1,323.20M 971.29M 1,198.02M
(-) Tax Adjustment 2,374.75M 727.91M 1,360.11M 1,027.59M 582.52M 556.80M 463.12M 302.01M 351.28M
(-) Change In Working Capital 0.00M 0.00M -5,051.04M -4,297.78M -3,432.10M -2,160.54M -847.84M 80.15M -1,011.39M
(-) Capital Expenditure 0.00M 0.00M -2,145.00M -2,097.08M -1,784.70M -1,139.28M -916.66M -455.69M -255.22M
Unlevered Free Cash Flow 4,646.51M 1,406.35M 5,653.93M 4,273.02M 2,821.69M 2,136.88M 791.26M 133.43M 1,602.92M
(-) Net Interest Income After Taxes -31.28M -108.62M 0.86M -120.86M -63.05M -43.46M -25.73M -24.34M -20.54M
Net Debt Issuance 0.00M 0.00M 5,019.55M 3,909.52M 3,172.28M 2,093.33M 1,265.55M -406.98M 985.98M
Levered Free Cash Flow 4,677.79M 1,514.97M 10,672.62M 8,303.40M 6,057.03M 4,273.67M 2,082.54M -249.22M 2,609.44M