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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

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Page: Company Financials

Ohishi Sangyo Co., Ltd.

Ticker: 3943.T | Industry: Packaging & Containers | Sector: Consumer Cyclical
$1,428.00 -4.00 (-0.28%)
As of: 2026-01-23

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022
Stock Price 1,329.33 818.75 505.31 432.25
Market Capitalization 10,390.86M 5,833.97M 1,955.89M 1,670.14M
(-) Cash & Equivalents 7,183.00M 7,271.75M 7,429.00M 7,422.50M
(+) Total Debt 686.33M 526.75M 883.25M 1,024.00M
Enterprise Value 3,894.19M -911.03M -4,589.86M -4,728.36M

Income Statement

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Revenue 23,583M 22,593M 23,485M 21,964M 21,788M 19,752M 18,595M 19,145M
Cost of Revenue 19,088M 18,412M 19,157M 17,761M 17,588M 15,441M 14,451M 15,059M
Gross Profit 4,495M 4,181M 4,328M 4,203M 4,200M 4,311M 4,145M 4,086M
Gross Profit Margin 19.1% 18.5% 18.4% 19.1% 19.3% 21.8% 22.3% 21.3%
R&D Expenses 193M 91M 193M 181M 147M 144M 115M 115M
SG&A Expenses 3,573M 3,117M 3,423M 3,006M 3,010M 2,959M 2,877M 3,035M
Operating Expenses 3,573M 3,274M 3,423M 3,117M 3,074M 3,023M 2,933M 2,846M
Operating Income (EBIT) 922M 907M 905M 1,086M 1,126M 1,288M 1,212M 1,240M
Operating Income Margin 3.9% 4.0% 3.9% 4.9% 5.2% 6.5% 6.5% 6.5%
Interest Income 6M 3M 11M 3M 0M 1M 2M 2M
Interest Expense 19M 24M 18M 31M 29M 25M 33M 49M
Net Interest Income -13M -21M -7M -28M -29M -24M -31M -47M
Unusual Items 231M 406M 422M 480M 117M 251M 216M 24M
EBT Excluding Unusual Items 909M 886M 898M 1,058M 1,097M 1,264M 1,181M 1,193M
Pre-Tax Income 1,140M 1,292M 1,320M 1,538M 1,214M 1,515M 1,396M 1,217M
Pre-Tax Margin 4.8% 5.7% 5.6% 7.0% 5.6% 7.7% 7.5% 6.4%
Income Tax Expense 348M 388M 375M 470M 307M 454M 447M 386M
Net Income 791M 901M 944M 1,065M 902M 1,056M 946M 827M
Net Income Margin 3.4% 4.0% 4.0% 4.8% 4.1% 5.3% 5.1% 4.3%
Depreciation & Amortization 1,109M 931M 1,003M 887M 753M 707M 692M 763M
EBITDA 2,031M 1,838M 1,908M 1,973M 1,879M 1,995M 1,904M 2,003M
EBITDA Margin 8.6% 8.1% 8.1% 9.0% 8.6% 10.1% 10.2% 10.5%
NOPAT 641M 635M 648M 754M 841M 902M 824M 847M
NOPAT Margin 2.7% 2.8% 2.8% 3.4% 3.9% 4.6% 4.4% 4.4%
Owner's Earnings 1,900M 1,832M 220M 574M 515M 1,002M 1,197M 660M
Owner's Earnings Margin 8.1% 8.1% 0.9% 2.6% 2.4% 5.1% 6.4% 3.4%
EPS (Basic) 101.52 116.28 121.45 137.53 116.84 136.87 122.57 214.25
EPS (Diluted) 101.29 154.94 121.45 137.53 233.50 273.58 245.26 214.25
Shares (Basic) 8M 6M 8M 8M 4M 4M 4M 4M
Shares (Diluted) 8M 6M 8M 8M 4M 4M 4M 4M

Balance Sheet

Metric MRQ MRQ-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Cash & Cash Equivalents 7,228.00M 6,880.00M 7,441.00M 7,409.00M 7,538.00M 7,741.00M 7,053.67M 5,909.19M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 219.50M
Cash & Short-Term Investments 7,228.00M 6,880.00M 7,441.00M 7,409.00M 7,538.00M 7,741.00M 7,053.67M 6,128.69M
Net Receivables 3,596.00M 5,094.00M 4,978.00M 5,068.00M 5,081.00M 4,888.00M 4,590.05M 4,614.84M
Inventory 2,579.00M 2,717.00M 2,807.00M 2,692.00M 2,748.00M 2,162.00M 1,829.02M 2,028.63M
Other Current Assets 1,484.00M 307.00M 280.00M 237.00M 168.00M 265.00M 225.20M 309.03M
Total Current Assets 14,887.00M 14,998.00M 15,506.00M 15,406.00M 15,535.00M 15,056.00M 13,697.93M 13,081.20M
Property, Plant & Equipment 9,388.00M 9,349.00M 8,914.00M 8,284.00M 7,849.00M 7,069.00M 6,749.36M 6,991.99M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.30M 0.00M
Intangible Assets 200.00M 200.00M 213.00M 221.00M 224.00M 170.00M 166.00M 127.00M
Long-Term Investments 1,697.00M 1,523.00M 1,528.00M 1,634.00M 1,273.00M 1,253.00M 1,250.90M 1,016.69M
Tax Assets 0.00M 0.00M 291.00M 288.00M 397.00M 380.00M 378.76M 468.09M
Other Non-Current Assets 482.00M 582.00M 240.00M 239.00M 263.00M 275.00M 250.24M 274.05M
Other Assets 1.00M 0.00M 0.00M 0.00M 2.00M 2.00M 0.00M 0.00M
Total Non-Current Assets 11,768.00M 11,654.00M 11,186.00M 10,666.00M 10,008.00M 9,149.00M 8,795.57M 8,877.82M
Total Assets 26,655.00M 26,652.00M 26,692.00M 26,072.00M 25,543.00M 24,205.00M 22,493.50M 21,959.02M
Accounts Payable 1,526.00M 3,704.00M 3,833.00M 3,730.00M 3,921.00M 3,796.00M 3,133.79M 3,430.40M
Short-Term Debt 478.00M 544.00M 525.00M 580.00M 929.00M 829.00M 780.99M 813.12M
Tax Payables 162.00M 0.00M 0.00M 302.00M 175.00M 271.00M 417.96M 270.71M
Deferred Revenue 0.00M 0.00M 0.00M 571.00M 567.00M 539.00M 660.40M 270.71M
Other Current Liabilities 3,970.00M 1,804.00M 1,386.00M 1,116.00M 1,359.00M 845.98M 685.49M 924.26M
Total Current Liabilities 6,136.00M 6,052.00M 5,744.00M 6,299.00M 6,951.00M 6,280.98M 5,678.62M 5,709.19M
Long-Term Debt 0.00M 0.00M 0.00M 0.00M 10.00M 85.00M 159.32M 259.26M
Capital Lease Obligations 0.00M 0.00M 116.00M 122.00M 140.00M 141.00M 149.01M 147.13M
Deferred Tax Liabilities 0.00M 0.00M 200.00M 194.00M 164.00M 196.00M 141.75M 105.40M
Other Non-Current Liabilities 1,658.00M 1,272.00M 1,370.00M 1,465.00M 1,485.00M 1,523.00M 1,554.39M 1,679.83M
Total Non-Current Liabilities 1,658.00M 1,272.00M 1,686.00M 1,781.00M 1,799.00M 1,945.00M 2,004.48M 2,191.62M
Total Liabilities 7,794.00M 7,324.00M 7,430.00M 8,080.00M 8,750.00M 8,225.98M 7,683.10M 7,900.81M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 128.00M 0.00M
Common Stock 466.00M 466.00M 466.00M 466.00M 466.00M 466.00M 466.40M 466.40M
Retained Earnings 17,989.00M 17,899.00M 17,973.00M 17,281.00M 16,469.00M 15,831.00M 15,008.29M 14,290.38M
Accumulated OCI 869.00M 744.00M 801.00M 558.00M 184.00M 33.00M -128.00M -335.15M
Minority Interest 61.00M 62.00M 64.00M 56.00M 52.00M 43.00M 36.59M 32.51M
Total Shareholders’ Equity 19,324.00M 19,109.00M 19,240.00M 18,305.00M 17,119.00M 16,330.00M 15,474.69M 14,421.63M
Total Equity 19,385.00M 19,171.00M 19,304.00M 18,361.00M 17,171.00M 16,373.00M 15,511.28M 14,454.14M
Total Liabilities & Equity 27,179.00M 26,495.00M 26,734.00M 26,441.00M 25,921.00M 24,598.98M 23,194.38M 22,354.95M
Tangible Assets 26,455.00M 26,452.00M 26,479.00M 25,851.00M 25,319.00M 24,035.00M 22,327.20M 21,832.02M
Tangible Equity 19,185.00M 18,971.00M 19,091.00M 18,140.00M 16,947.00M 16,203.00M 15,344.98M 14,327.14M
Tangible Book Value 19,185.00M 18,971.00M 19,091.00M 18,140.00M 16,947.00M 16,203.00M 15,344.98M 14,327.14M
Total Investments 1,987.00M 1,523.00M 1,528.00M 1,634.00M 1,273.00M 1,253.00M 1,250.90M 1,236.20M
Net Debt -6,750.00M -6,336.00M -6,916.00M -6,829.00M -6,599.00M -6,827.00M -6,113.36M -4,836.81M

Capital Metrics

Metric MRQ MRQ-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Working Capital 8,751.0M 8,650.0M 9,196.0M 8,831.0M 8,313.0M 8,499.0M 7,925.1M 7,112.7M
Total Capital 19,278.0M 19,512.0M 19,301.0M 18,384.0M 17,574.0M 16,737.0M 15,791.0M 15,011.3M
Capital Employed 20,519.0M 20,304.0M 20,382.0M 19,497.0M 18,321.0M 17,648.0M 16,720.7M 15,990.5M
Invested Capital 12,050.0M 12,632.0M 11,860.0M 10,975.0M 10,036.0M 8,996.0M 8,737.3M 9,102.1M

Cash Flow Statement

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Net Income 835.00M 1,154.00M 944.00M 1,538.00M 902.00M 1,056.00M 946.00M 827.00M
Depreciation & Amortization 0.00M 0.00M 1,003.00M 887.00M 753.00M 707.00M 692.33M 763.00M
Deferred Income Tax 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
Change in Working Capital 0.00M 0.00M 291.00M -281.00M -285.00M -34.11M 3.83M 505.00M
Accounts Receivable 0.00M 0.00M 144.00M 23.00M -149.00M -273.00M 2.84M 444.00M
Inventory 0.00M 0.00M -12.00M 80.00M -525.00M -293.00M 181.68M 116.00M
Accounts Payable 0.00M 0.00M 49.00M -170.00M 61.00M 635.26M -254.48M -91.98M
Other Working Capital 0.00M 0.00M 110.00M -214.00M 328.00M -102.47M 73.79M 0.00M
Other Non-Cash Items -835.00M -1,154.00M -78.00M -280.00M -130.00M 19.11M 37.97M 71.00M
Net Cash from Operating Activities 0.00M 0.00M 2,160.00M 1,864.00M 1,240.00M 1,748.00M 1,680.13M 2,166.00M
Capital Expenditures (PPE) 0.00M 0.00M -1,784.00M -1,269.00M -1,140.00M -761.00M -441.93M -930.00M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M 1.00M 1.77M 10.00M -489.62M
Purchases of Investments 0.00M 0.00M -333.00M -210.00M -185.00M -200.00M -193.72M -296.87M
Sales / Maturities of Investments 0.00M 0.00M 323.00M 205.00M 185.00M 293.00M 194.91M 270.80M
Other Investing Activities 0.00M 0.00M 20.00M -81.00M 22.00M 24.23M 14.52M 102.69M
Net Cash from Investing Activities 0.00M 0.00M -1,774.00M -1,355.00M -1,117.00M -642.00M -416.22M -1,343.00M
Net Debt Issuance 0.00M 0.00M -127.00M -379.00M -60.00M -93.07M -91.82M -68.27M
Long-Term Debt Issuance 0.00M 0.00M -11.00M -84.00M -95.00M -95.00M -147.74M 10.69M
Short-Term Debt Issuance 0.00M 0.00M -116.00M -295.00M 35.00M 2.00M 55.92M -78.96M
Net Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M -0.10M -0.09M -36.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M -0.10M -0.09M -36.45M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.45M
Net Dividends Paid 0.00M 0.00M -252.00M -253.00M -266.00M -235.04M -232.41M -212.22M
Common Dividends Paid 0.00M 0.00M -252.00M -253.00M -266.00M -235.04M -232.41M -212.22M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.04M 0.00M 0.00M
Other Financing Activities 0.00M 0.00M -9.00M -10.00M -7.00M -8.79M -12.52M -12.51M
Net Cash from Financing Activities 0.00M 0.00M -388.00M -642.00M -333.00M -337.00M -336.83M -329.00M
Effect of FX on Cash 0.00M 0.00M 23.00M 5.00M 7.00M 20.00M -4.91M -8.00M
Net Change in Cash 0.00M 0.00M 22.00M -129.00M -203.00M 790.00M 922.17M -4,937.50M
Cash at Beginning of Period 0.00M 0.00M 7,289.00M 7,418.00M 7,621.00M 6,831.00M 5,909.19M 5,423.50M
Cash at End of Period 0.00M 0.00M 7,311.00M 7,289.00M 7,418.00M 7,621.00M 6,831.37M 486.00M
Operating Cash Flow 0.00M 0.00M 2,160.00M 1,864.00M 1,240.00M 1,748.00M 1,680.13M 2,166.00M
Capital Expenditure 0.00M 0.00M -1,727.00M -1,378.00M -1,140.00M -761.00M -441.93M -930.00M
Free Cash Flow 0.00M 0.00M 433.00M 486.00M 100.00M 987.00M 1,238.21M 1,236.00M

Free Cash Flow

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
EBITDA 1,837.00M 1,949.00M 1,715.00M 1,903.00M 1,796.00M 1,915.17M 1,845.33M 1,699.00M
(-) Tax Adjustment 522.16M 595.82M 487.22M 581.54M 454.18M 573.92M 591.03M 538.88M
(-) Change In Working Capital 0.00M 0.00M 291.00M -281.00M -285.00M -34.11M 3.83M 505.00M
(-) Capital Expenditure 0.00M 0.00M -1,727.00M -1,378.00M -1,140.00M -761.00M -441.93M -930.00M
Unlevered Free Cash Flow 1,314.84M 1,353.18M -790.22M 224.46M 486.82M 614.36M 808.54M -274.88M
(-) Net Interest Income After Taxes -8.59M -17.36M -5.01M -19.44M -21.67M -16.81M -21.35M -32.17M
Net Debt Issuance 0.00M 0.00M -127.00M -379.00M -60.00M -93.07M -91.82M -68.27M
Levered Free Cash Flow 1,323.43M 1,370.54M -912.20M -135.10M 448.49M 538.10M 738.07M -310.97M