Shibuya Corporation (6340) Earnings: Operating Profit Down 4.9% YoY to JPY 13,081 Million, Net Profit Up 1.7%

Shibuya Corporation (6340) reported its latest financial results, showing an increase in net sales to JPY 135,613 million, representing a 5.1% increase compared to the same period of the previous year. Operating profit decreased by 4.9% YoY to JPY 13,081 million. While ordinary profit decreased by 1.5% to JPY 13,560 million, profit attributable to owners of parent rose by 1.7% to JPY 10,223 million. Comprehensive income also showed significant growth, surging 41.3% YoY to JPY 13,860 million, with an operating profit margin of 9.6%.

Examining the financial foundation and cash flows, operating cash flow stood at a positive JPY 5,280 million. Investing cash flow was -JPY 10,740 million and financing cash flow was -JPY 3,650 million, resulting in a free cash flow of -JPY 5,460 million. Despite this, the company maintains a robust cash position with cash and cash equivalents of JPY 36,700 million and an EBITDA of JPY 16.51 billion. Furthermore, the equity ratio stands at 68.7% with interest-bearing debt of JPY 2.79 billion and retained earnings of JPY 89.97 billion, reflecting an extremely solid financial base. Return on Equity (ROE) was recorded at 9.0% and Return on Assets (ROA) at 8.2%, reflecting stable management and efficient asset utilization.