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Definitive Analysis

Financial Statements

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Page: Company Financials

MANAC Chemical Partners Co.,Ltd

Ticker: 4360.T | Industry: Chemicals | Sector: Basic Materials
$822.00 +22.00 (2.75%)
As of: 2026-01-28

Master Data Export


Enterprise Value

Metric 2025 2024 2023 2022
Stock Price 552.33 592.75 644.00 595.50
Market Capitalization 4,480.21M 4,779.78M 5,137.56M 4,736.10M
(-) Cash & Equivalents 3,130.67M 3,135.75M 3,572.25M 1,154.50M
(+) Total Debt 165.00M 0.00M 319.50M 307.50M
Enterprise Value 1,514.54M 1,644.03M 1,884.81M 3,889.10M

Income Statement

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Revenue 10,614M 9,340M 9,304M 9,686M 11,853M 10,703M
Cost of Revenue 8,500M 7,780M 7,831M 7,861M 9,043M 8,269M
Gross Profit 2,114M 1,560M 1,473M 1,825M 2,810M 2,434M
Gross Profit Margin 19.9% 16.7% 15.8% 18.8% 23.7% 22.7%
R&D Expenses 480M 245M 480M 468M 340M 290M
SG&A Expenses 1,790M 1,510M 1,814M 1,462M 1,477M 1,403M
Operating Expenses 1,790M 1,866M 1,814M 1,930M 1,817M 1,693M
Operating Income (EBIT) 324M -306M -341M -105M 993M 741M
Operating Income Margin 3.1% -3.3% -3.7% -1.1% 8.4% 6.9%
Interest Income 63M 44M 50M 42M 42M 43M
Interest Expense 0M 1M 0M 1M 1M 1M
Net Interest Income 63M 43M 50M 41M 41M 42M
Unusual Items -398M 65M -503M 144M 99M 157M
EBT Excluding Unusual Items 387M -263M -291M -64M 1,034M 783M
Pre-Tax Income -11M -198M -794M 80M 1,133M 940M
Pre-Tax Margin -0.1% -2.1% -8.5% 0.8% 9.6% 8.8%
Income Tax Expense 281M -80M 100M -2M 312M 228M
Net Income -293M -116M -895M 82M 821M 712M
Net Income Margin -2.8% -1.2% -9.6% 0.8% 6.9% 6.7%
Depreciation & Amortization 444M 467M 480M 463M 486M 450M
EBITDA 768M 161M 139M 358M 1,479M 1,191M
EBITDA Margin 7.2% 1.7% 1.5% 3.7% 12.5% 11.1%
NOPAT 256M -242M -269M -108M 720M 561M
NOPAT Margin 2.4% -2.6% -2.9% -1.1% 6.1% 5.2%
Owner's Earnings 151M 351M -934M 70M 1,057M 478M
Owner's Earnings Margin 1.4% 3.8% -10.0% 0.7% 8.9% 4.5%
EPS (Basic) -36.27 -14.37 -110.74 10.23 103.26 90.52
EPS (Diluted) -36.13 -14.41 -110.74 10.23 103.23 90.43
Shares (Basic) 8M 8M 8M 8M 8M 8M
Shares (Diluted) 8M 8M 8M 8M 8M 8M

Balance Sheet

Metric MRQ MRQ-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Cash & Cash Equivalents 3,533.00M 3,092.00M 2,767.00M 3,286.00M 3,721.00M 2,044.00M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 3,533.00M 3,092.00M 2,767.00M 3,286.00M 3,721.00M 2,044.00M
Net Receivables 2,487.00M 2,689.00M 2,628.00M 2,862.00M 3,481.00M 3,985.00M
Inventory 3,313.00M 3,371.00M 3,540.00M 3,617.00M 3,232.00M 2,017.00M
Other Current Assets 603.00M 86.00M 110.00M 124.00M 93.00M 386.00M
Total Current Assets 9,936.00M 9,238.00M 9,045.00M 9,889.00M 10,527.00M 8,432.00M
Property, Plant & Equipment 2,637.00M 2,016.00M 1,748.00M 2,275.00M 2,488.00M 2,963.00M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 132.00M 135.00M 143.00M 178.00M 205.00M 231.00M
Long-Term Investments 1,583.00M 1,577.00M 1,520.00M 1,465.00M 1,519.00M 1,657.00M
Tax Assets 94.00M 0.00M 109.00M 149.00M 63.00M 65.00M
Other Non-Current Assets 77.00M 86.00M 81.00M 142.00M 208.00M 235.00M
Other Assets 2.00M 0.00M 3.00M 2.00M 2.00M 2.00M
Total Non-Current Assets 4,525.00M 3,814.00M 3,604.00M 4,211.00M 4,485.00M 5,153.00M
Total Assets 14,461.00M 13,052.00M 12,649.00M 14,100.00M 15,012.00M 13,585.00M
Accounts Payable 1,892.00M 1,708.00M 1,418.00M 1,876.00M 2,361.00M 1,925.00M
Short-Term Debt 50.00M 0.00M 0.00M 0.00M 290.00M 291.00M
Tax Payables 113.00M 0.00M 0.00M 16.00M 210.00M 36.00M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 383.00M 201.00M
Other Current Liabilities 897.00M 809.00M 570.00M 679.00M 474.00M 581.00M
Total Current Liabilities 2,952.00M 2,517.00M 1,988.00M 2,571.00M 3,718.00M 3,034.00M
Long-Term Debt 445.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Capital Lease Obligations 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 189.00M 128.00M 135.00M 131.00M 47.00M 51.00M
Other Non-Current Liabilities 20.00M 13.00M 14.00M 21.00M 36.00M 43.00M
Total Non-Current Liabilities 654.00M 141.00M 149.00M 152.00M 83.00M 94.00M
Total Liabilities 3,606.00M 2,658.00M 2,137.00M 2,723.00M 3,801.00M 3,128.00M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 300.00M 300.00M 300.00M 300.00M 300.00M 300.00M
Retained Earnings 6,937.00M 6,559.00M 6,513.00M 7,529.00M 7,566.00M 6,865.00M
Accumulated OCI 507.00M 397.00M 415.00M 385.00M 0.00M 179.00M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 7,744.00M 7,256.00M 7,228.00M 8,214.00M 7,866.00M 7,344.00M
Total Equity 7,744.00M 7,256.00M 7,228.00M 8,214.00M 7,866.00M 7,344.00M
Total Liabilities & Equity 11,350.00M 9,914.00M 9,365.00M 10,937.00M 11,667.00M 10,472.00M
Tangible Assets 14,329.00M 12,917.00M 12,506.00M 13,922.00M 14,807.00M 13,354.00M
Tangible Equity 7,612.00M 7,121.00M 7,085.00M 8,036.00M 7,661.00M 7,113.00M
Tangible Book Value 7,612.00M 7,121.00M 7,085.00M 8,036.00M 7,661.00M 7,113.00M
Total Investments 1,583.00M 1,577.00M 1,520.00M 1,465.00M 1,519.00M 1,657.00M
Net Debt -3,038.00M -3,092.00M -2,767.00M -3,286.00M -3,431.00M -1,753.00M

Capital Metrics

Metric MRQ MRQ-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Working Capital 6,984.0M 6,661.0M 6,855.0M 7,192.0M 6,636.0M 5,233.0M
Total Capital 11,350.0M 10,332.0M 10,305.0M 11,249.0M 11,328.0M 10,583.0M
Capital Employed 11,509.0M 10,475.0M 10,456.0M 11,401.0M 11,121.0M 10,386.0M
Invested Capital 7,817.0M 7,240.0M 7,538.0M 7,963.0M 7,607.0M 8,539.0M

Cash Flow Statement

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Net Income -767.00M -75.00M -895.00M 80.00M 821.00M 712.00M
Depreciation & Amortization 0.00M 0.00M 480.00M 463.00M 486.00M 450.00M
Deferred Income Tax 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
Change in Working Capital 0.00M 0.00M -68.00M -286.00M 129.00M -292.00M
Accounts Receivable 0.00M 0.00M 233.00M 374.00M 503.00M -630.00M
Inventory 0.00M 0.00M 77.00M -548.00M -1,214.00M -78.00M
Accounts Payable 0.00M 0.00M -456.00M -66.00M 435.00M 488.00M
Other Working Capital 0.00M 0.00M 78.00M -46.00M 405.00M -72.00M
Other Non-Cash Items 767.00M 75.00M 591.00M -375.00M 211.00M -156.00M
Net Cash from Operating Activities 0.00M 0.00M 108.00M -118.00M 1,647.00M 714.00M
Capital Expenditures (PPE) 0.00M 0.00M -519.00M -475.00M -250.00M -684.00M
Acquisitions (Net) 0.00M 0.00M 29.00M -213.00M 251.00M 1.00M
Purchases of Investments 0.00M 0.00M -1.00M -8.00M 0.00M -221.00M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 467.00M 200.00M 488.00M
Other Investing Activities 0.00M 0.00M 2.00M -2.00M -2.00M -6.00M
Net Cash from Investing Activities 0.00M 0.00M -489.00M -231.00M 199.00M -422.00M
Net Debt Issuance 0.00M 0.00M -5.00M 29.00M -1.00M -38.00M
Long-Term Debt Issuance 0.00M 0.00M -5.00M -5.00M -1.00M -18.00M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 34.00M 1.00M -20.00M
Net Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Issuance 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 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid 0.00M 0.00M -121.00M -120.00M -119.00M -137.00M
Common Dividends Paid 0.00M 0.00M -121.00M -120.00M -119.00M -137.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 0.00M 0.00M 0.00M 16.00M -5.00M -25.00M
Net Cash from Financing Activities 0.00M 0.00M -126.00M -75.00M -125.00M -200.00M
Effect of FX on Cash 0.00M 0.00M -12.00M -9.00M -38.00M 1,947.00M
Net Change in Cash 0.00M 0.00M -519.00M -435.00M 1,682.00M 2,039.00M
Cash at Beginning of Period 0.00M 0.00M 3,286.00M 3,721.00M 2,039.00M 1,946.00M
Cash at End of Period 0.00M 0.00M 2,767.00M 3,286.00M 3,721.00M 2,039.00M
Operating Cash Flow 0.00M 0.00M 108.00M -118.00M 1,647.00M 714.00M
Capital Expenditure 0.00M 0.00M -519.00M -475.00M -250.00M -684.00M
Free Cash Flow 0.00M 0.00M -411.00M -593.00M 1,397.00M 30.00M

Free Cash Flow

Metric TTM TTM-1 2025-03-31 2024-03-31 2023-03-31 2022-03-31
EBITDA -147.25M 282.75M -341.00M 358.00M 1,479.00M 1,191.00M
(-) Tax Adjustment 0.00M 98.96M 0.00M 0.00M 407.28M 288.88M
(-) Change In Working Capital 0.00M 0.00M -68.00M -286.00M 129.00M -292.00M
(-) Capital Expenditure 0.00M 0.00M -519.00M -475.00M -250.00M -684.00M
Unlevered Free Cash Flow -147.25M 183.79M -792.00M 169.00M 692.72M 510.12M
(-) Net Interest Income After Taxes 60.00M 27.95M 50.00M 41.00M 29.71M 31.81M
Net Debt Issuance 0.00M 0.00M -5.00M 29.00M -1.00M -38.00M
Levered Free Cash Flow -207.25M 155.84M -847.00M 157.00M 662.01M 440.31M