Zenrin Co Ltd
TSE:9474

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Zenrin Co Ltd Logo
Zenrin Co Ltd
TSE:9474
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Price: 1 064 JPY 1.14% Market Closed
Market Cap: 61B JPY
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+10%
5Y
+14%
10Y
+20%
Operating Income
+
3Y
+100%
5Y
+97%
10Y
+49%
Net Income
+
3Y
-2%
5Y
+40%
10Y
+115%

Earnings Waterfall
Zenrin Co Ltd

Revenue
65.2B JPY
Cost of Revenue
-37.6B JPY
Gross Profit
27.6B JPY
Operating Expenses
-23.3B JPY
Operating Income
4.3B JPY
Other Expenses
-1.3B JPY
Net Income
3B JPY

Income Statement
Zenrin Co Ltd

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Income Statement
Currency: JPY
Jun-2004 Sep-2004 Dec-2004 Jun-2005 Dec-2005 Jun-2006 Sep-2006 Dec-2006 Jun-2007 Sep-2007 Dec-2007 Jun-2008 Sep-2008 Dec-2008 Jun-2009 Sep-2009 Dec-2009 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
45
0
0
26
0
16
0
0
17
0
0
18
0
0
15
0
0
10
25
36
51
51
49
47
44
41
37
35
32
30
29
30
30
33
34
37
38
38
37
35
35
35
35
36
35
35
35
34
32
30
27
23
21
19
18
17
15
15
16
15
16
14
11
10
8
7
8
9
11
14
16
18
19
19
18
16
16
0
0
Revenue
24 324
N/A
24 506
+1%
30 842
+26%
32 020
+4%
21 095
-34%
21 162
+0%
34 075
+61%
34 414
+1%
35 274
+2%
35 116
0%
35 796
+2%
35 448
-1%
35 287
0%
35 770
+1%
35 332
-1%
36 115
+2%
36 597
+1%
37 967
+4%
38 460
+1%
38 344
0%
52 880
+38%
51 752
-2%
50 172
-3%
50 477
+1%
52 322
+4%
53 939
+3%
55 427
+3%
55 031
-1%
54 991
0%
54 240
-1%
53 152
-2%
53 342
+0%
53 589
+0%
52 609
-2%
52 135
-1%
51 950
0%
52 286
+1%
53 145
+2%
54 464
+2%
53 899
-1%
54 970
+2%
54 934
0%
55 019
+0%
55 642
+1%
57 819
+4%
58 695
+2%
59 052
+1%
59 707
+1%
61 332
+3%
62 903
+3%
63 484
+1%
64 793
+2%
63 747
-2%
62 725
-2%
62 382
-1%
61 067
-2%
59 771
-2%
58 495
-2%
57 177
-2%
57 884
+1%
57 225
-1%
58 156
+2%
58 896
+1%
58 786
0%
59 053
+0%
59 064
+0%
59 102
+0%
59 273
+0%
58 933
-1%
59 472
+1%
60 157
+1%
60 736
+1%
61 335
+1%
62 672
+2%
62 894
+0%
63 677
+1%
64 363
+1%
64 424
+0%
65 174
+1%
Gross Profit
Cost of Revenue
(12 009)
(12 677)
(17 210)
(17 785)
(12 020)
(11 905)
(18 981)
(19 443)
(19 998)
(19 872)
(20 599)
(20 556)
(20 729)
(20 882)
(21 351)
(21 902)
(22 562)
(22 235)
(22 292)
(21 558)
(29 585)
(29 423)
(28 817)
(28 792)
(29 414)
(29 844)
(30 323)
(30 448)
(30 329)
(30 529)
(30 758)
(31 202)
(31 554)
(30 958)
(30 444)
(30 476)
(30 824)
(31 371)
(32 393)
(32 265)
(33 092)
(33 274)
(33 442)
(33 360)
(33 699)
(33 820)
(33 592)
(34 220)
(35 345)
(36 194)
(36 692)
(37 451)
(36 874)
(36 761)
(36 551)
(36 059)
(35 436)
(35 120)
(34 914)
(35 095)
(35 181)
(35 061)
(34 889)
(34 544)
(34 646)
(34 843)
(35 079)
(35 515)
(35 246)
(35 923)
(36 559)
(36 638)
(36 577)
(36 725)
(36 691)
(36 812)
(37 267)
(37 389)
(37 567)
Gross Profit
12 315
N/A
11 829
-4%
13 632
+15%
14 235
+4%
9 075
-36%
9 257
+2%
15 094
+63%
14 971
-1%
15 276
+2%
15 244
0%
15 197
0%
14 892
-2%
14 558
-2%
14 888
+2%
13 981
-6%
14 213
+2%
14 035
-1%
15 732
+12%
16 168
+3%
16 786
+4%
23 295
+39%
22 329
-4%
21 355
-4%
21 685
+2%
22 908
+6%
24 095
+5%
25 104
+4%
24 583
-2%
24 662
+0%
23 711
-4%
22 394
-6%
22 140
-1%
22 035
0%
21 651
-2%
21 691
+0%
21 474
-1%
21 462
0%
21 774
+1%
22 071
+1%
21 634
-2%
21 878
+1%
21 660
-1%
21 577
0%
22 282
+3%
24 120
+8%
24 875
+3%
25 460
+2%
25 487
+0%
25 987
+2%
26 709
+3%
26 792
+0%
27 342
+2%
26 873
-2%
25 964
-3%
25 831
-1%
25 008
-3%
24 335
-3%
23 375
-4%
22 263
-5%
22 789
+2%
22 044
-3%
23 095
+5%
24 007
+4%
24 242
+1%
24 407
+1%
24 221
-1%
24 023
-1%
23 758
-1%
23 687
0%
23 549
-1%
23 598
+0%
24 098
+2%
24 758
+3%
25 947
+5%
26 203
+1%
26 865
+3%
27 096
+1%
27 035
0%
27 607
+2%
Operating Income
Operating Expenses
(12 060)
(11 597)
(13 315)
(13 165)
(8 712)
(8 849)
(13 220)
(12 948)
(12 972)
(13 090)
(13 554)
(13 962)
(14 138)
(14 121)
(13 364)
(13 080)
(12 908)
(13 432)
(13 879)
(13 841)
(18 940)
(18 754)
(18 413)
(18 400)
(18 524)
(18 365)
(18 435)
(18 576)
(19 103)
(19 320)
(19 347)
(19 411)
(18 880)
(18 962)
(18 882)
(18 895)
(19 090)
(18 968)
(19 198)
(18 971)
(18 847)
(18 895)
(19 093)
(19 489)
(19 893)
(20 294)
(20 378)
(20 590)
(20 546)
(20 696)
(21 083)
(21 060)
(21 049)
(21 136)
(21 079)
(21 213)
(21 035)
(20 571)
(20 089)
(20 742)
(20 639)
(20 942)
(21 567)
(21 026)
(21 737)
(22 061)
(21 882)
(22 000)
(21 888)
(22 171)
(22 395)
(22 552)
(22 777)
(22 896)
(22 916)
(23 049)
(23 173)
(23 143)
(23 326)
Selling, General & Administrative
(12 060)
(11 597)
(13 315)
(13 165)
(8 712)
(8 849)
(12 969)
(12 948)
(12 972)
(12 995)
(13 554)
(13 962)
(14 484)
(14 121)
(13 327)
(12 996)
(12 771)
(13 299)
(13 760)
(13 742)
(18 201)
(18 654)
(18 346)
(18 366)
(18 068)
(18 363)
(18 434)
(18 575)
(18 533)
(19 315)
(19 334)
(19 392)
(18 219)
(18 938)
(18 858)
(18 877)
(18 425)
(18 960)
(19 195)
(18 969)
(18 439)
(18 893)
(19 094)
(19 487)
(19 423)
(20 295)
(20 376)
(20 590)
(19 731)
(20 693)
(21 081)
(21 058)
(20 081)
(21 135)
(21 079)
(21 213)
(19 941)
(20 570)
(20 088)
(20 741)
(19 460)
(20 939)
(21 564)
(21 023)
(20 422)
(22 061)
(21 882)
(22 001)
(20 669)
(22 171)
(22 395)
(22 550)
(21 379)
(22 893)
(22 914)
(23 047)
(21 993)
(23 143)
(23 324)
Research & Development
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(584)
0
0
0
(376)
0
0
0
(511)
0
0
0
(606)
0
0
0
(647)
0
0
0
(400)
0
0
0
(462)
0
0
0
(813)
0
0
0
(967)
0
0
0
(1 092)
0
0
0
(1 147)
0
0
0
(1 314)
0
0
0
(1 219)
0
0
0
(1 396)
0
0
0
(1 179)
0
0
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(37)
(84)
(137)
(133)
(119)
(99)
(155)
0
0
0
(80)
0
0
0
(58)
(6)
(12)
(18)
(54)
(24)
(24)
0
0
0
0
0
(7)
0
0
0
(7)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(31)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Operating Expenses
0
0
0
0
0
0
(251)
0
0
(95)
0
0
346
0
0
0
0
0
0
0
0
(100)
(67)
(34)
0
(2)
(1)
(1)
(1)
0
(1)
(1)
(1)
0
0
(18)
(18)
(8)
(3)
(2)
(1)
(2)
1
(2)
(1)
1
(2)
0
(2)
(3)
(2)
(2)
(1)
0
0
0
(2)
(1)
0
0
(1)
(3)
(3)
(3)
(1)
0
0
1
0
0
0
(2)
(2)
(3)
(2)
(2)
(1)
0
(2)
Operating Income
255
N/A
232
-9%
317
+37%
1 070
+238%
363
-66%
408
+12%
1 874
+359%
2 023
+8%
2 304
+14%
2 154
-7%
1 643
-24%
930
-43%
420
-55%
767
+83%
617
-20%
1 133
+84%
1 127
-1%
2 300
+104%
2 289
0%
2 945
+29%
4 355
+48%
3 575
-18%
2 942
-18%
3 285
+12%
4 384
+33%
5 730
+31%
6 669
+16%
6 007
-10%
5 559
-7%
4 391
-21%
3 047
-31%
2 729
-10%
3 155
+16%
2 689
-15%
2 809
+4%
2 579
-8%
2 372
-8%
2 806
+18%
2 873
+2%
2 663
-7%
3 031
+14%
2 765
-9%
2 484
-10%
2 793
+12%
4 227
+51%
4 581
+8%
5 082
+11%
4 897
-4%
5 441
+11%
6 013
+11%
5 709
-5%
6 282
+10%
5 824
-7%
4 828
-17%
4 752
-2%
3 795
-20%
3 300
-13%
2 804
-15%
2 174
-22%
2 047
-6%
1 405
-31%
2 153
+53%
2 440
+13%
3 216
+32%
2 670
-17%
2 160
-19%
2 141
-1%
1 758
-18%
1 799
+2%
1 378
-23%
1 203
-13%
1 546
+29%
1 981
+28%
3 051
+54%
3 287
+8%
3 816
+16%
3 923
+3%
3 892
-1%
4 281
+10%
Pre-Tax Income
Interest Income Expense
61
(4)
(66)
243
347
54
34
(1)
52
82
73
46
627
619
552
50
17
110
13
47
9
30
14
22
(54)
(25)
(53)
(67)
(799)
(781)
(733)
(736)
197
302
311
289
128
90
109
206
205
189
148
78
171
94
112
134
92
60
81
64
65
80
650
684
909
944
378
370
239
106
73
2 056
2 098
2 118
2 003
123
1 473
1 298
1 362
1 235
1 438
1 439
1 362
1 351
199
389
592
Non-Reccuring Items
(701)
(687)
(139)
(444)
(419)
(52)
(61)
35
24
30
(3)
3
(14)
(49)
(147)
(318)
(234)
(369)
(236)
(282)
(460)
(316)
(233)
(382)
(190)
(189)
(221)
(86)
(174)
(153)
(194)
(325)
(270)
(275)
(414)
(324)
(307)
(302)
(114)
(23)
(175)
(170)
(171)
(199)
(133)
(144)
(251)
(261)
(241)
(233)
(127)
(120)
(603)
(969)
(1 158)
(896)
(981)
(629)
(440)
(699)
(64)
(45)
(45)
414
(151)
(730)
(734)
(424)
(144)
429
430
(340)
(123)
105
165
165
(206)
(425)
(482)
Gain/Loss on Disposition of Assets
(628)
(672)
(676)
(38)
(21)
(62)
(27)
(29)
0
(21)
(68)
(85)
(114)
(37)
(21)
(19)
(109)
(114)
(107)
(16)
(41)
(70)
(80)
(109)
(42)
(71)
(57)
(48)
(33)
4
(62)
(119)
(107)
(22)
159
158
173
(7)
(141)
(74)
(217)
(263)
(261)
(280)
(180)
(154)
(138)
(115)
(96)
(82)
(67)
(87)
(78)
(79)
(103)
286
635
639
639
242
(102)
(58)
(149)
(154)
52
929
1 032
1 074
855
(19)
(20)
(20)
(12)
(12)
(23)
(27)
91
92
97
Total Other Income
94
115
2
4
24
78
142
158
161
162
187
204
261
294
283
202
220
242
276
212
274
449
430
463
414
251
288
267
314
285
277
277
449
495
468
439
250
207
215
215
198
177
171
194
141
229
266
246
330
403
326
353
311
342
349
282
305
159
240
223
133
124
114
233
292
322
231
198
126
150
189
163
128
182
184
164
137
173
195
Pre-Tax Income
(919)
N/A
(1 016)
-11%
(562)
+45%
835
N/A
294
-65%
426
+45%
1 962
+361%
2 186
+11%
2 541
+16%
2 407
-5%
1 832
-24%
1 098
-40%
1 180
+7%
1 594
+35%
1 284
-19%
1 048
-18%
1 021
-3%
2 169
+112%
2 235
+3%
2 906
+30%
4 137
+42%
3 668
-11%
3 073
-16%
3 279
+7%
4 512
+38%
5 696
+26%
6 626
+16%
6 073
-8%
4 867
-20%
3 746
-23%
2 335
-38%
1 826
-22%
3 424
+88%
3 189
-7%
3 333
+5%
3 141
-6%
2 616
-17%
2 794
+7%
2 942
+5%
2 987
+2%
3 042
+2%
2 698
-11%
2 371
-12%
2 586
+9%
4 226
+63%
4 606
+9%
5 071
+10%
4 901
-3%
5 526
+13%
6 161
+11%
5 922
-4%
6 492
+10%
5 519
-15%
4 202
-24%
4 490
+7%
4 151
-8%
4 168
+0%
3 917
-6%
2 991
-24%
2 183
-27%
1 611
-26%
2 280
+42%
2 433
+7%
5 765
+137%
4 961
-14%
4 799
-3%
4 673
-3%
2 729
-42%
4 109
+51%
3 236
-21%
3 164
-2%
2 584
-18%
3 412
+32%
4 765
+40%
4 975
+4%
5 469
+10%
4 144
-24%
4 121
-1%
4 683
+14%
Net Income
Tax Provision
357
381
76
(312)
(45)
(242)
(820)
(984)
(1 050)
(1 045)
(878)
(715)
(661)
(763)
(553)
(591)
(832)
(1 361)
(1 458)
(1 570)
(2 174)
(1 809)
(1 516)
(1 815)
(2 393)
(2 895)
(3 270)
(2 860)
(2 503)
(2 065)
(1 505)
(1 246)
(1 680)
(1 123)
(1 143)
(1 048)
(828)
(1 389)
(1 453)
(1 443)
(1 425)
(1 373)
(1 269)
(1 404)
(1 691)
(1 794)
(1 953)
(1 903)
(2 078)
(2 259)
(2 157)
(2 353)
(2 205)
(1 920)
(2 024)
(1 750)
(1 574)
(1 294)
(956)
(616)
(439)
(747)
(496)
(1 599)
(1 301)
(1 370)
(1 645)
(976)
(1 435)
(1 009)
(1 000)
(939)
(1 324)
(1 653)
(1 743)
(1 931)
(1 548)
(1 655)
(1 715)
Income from Continuing Operations
(562)
(635)
(486)
523
249
184
1 142
1 202
1 491
1 362
954
383
519
831
731
457
189
808
777
1 336
1 963
1 859
1 557
1 464
2 119
2 801
3 356
3 213
2 364
1 681
830
580
1 744
2 066
2 190
2 093
1 788
1 405
1 489
1 544
1 617
1 325
1 102
1 182
2 535
2 812
3 118
2 998
3 448
3 902
3 765
4 139
3 314
2 282
2 466
2 401
2 594
2 623
2 035
1 567
1 172
1 533
1 937
4 166
3 660
3 429
3 028
1 753
2 674
2 227
2 164
1 645
2 088
3 112
3 232
3 538
2 596
2 466
2 968
Income to Minority Interest
26
25
43
37
21
10
0
(4)
(23)
(10)
(10)
120
70
35
(105)
15
209
290
215
30
86
2
(19)
(16)
(167)
(328)
(479)
(588)
(528)
(504)
(407)
(391)
(471)
(515)
(474)
(435)
(323)
(116)
(96)
16
(6)
11
2
(10)
(73)
(85)
(58)
(71)
(111)
(86)
(54)
(80)
(107)
(52)
(69)
26
39
29
99
70
76
38
(47)
(92)
(1)
(6)
9
18
97
88
87
74
(9)
0
(46)
(45)
10
12
15
Net Income (Common)
(558)
N/A
(632)
-13%
(442)
+30%
561
N/A
269
-52%
194
-28%
1 137
+486%
1 196
+5%
1 464
+22%
1 352
-8%
942
-30%
503
-47%
588
+17%
862
+47%
617
-28%
467
-24%
395
-15%
1 094
+177%
985
-10%
1 354
+37%
2 041
+51%
1 859
-9%
1 536
-17%
1 448
-6%
1 952
+35%
2 471
+27%
2 874
+16%
2 626
-9%
1 835
-30%
1 175
-36%
424
-64%
188
-56%
1 272
+577%
1 550
+22%
1 716
+11%
1 659
-3%
1 464
-12%
1 288
-12%
1 389
+8%
1 558
+12%
1 610
+3%
1 338
-17%
1 104
-17%
1 171
+6%
2 462
+110%
2 725
+11%
3 062
+12%
2 927
-4%
3 336
+14%
3 815
+14%
3 710
-3%
4 058
+9%
3 206
-21%
2 230
-30%
2 395
+7%
2 425
+1%
2 633
+9%
2 652
+1%
2 134
-20%
1 639
-23%
1 248
-24%
1 571
+26%
1 891
+20%
4 073
+115%
3 658
-10%
3 420
-7%
3 035
-11%
1 771
-42%
2 770
+56%
2 317
-16%
2 252
-3%
1 719
-24%
2 078
+21%
3 076
+48%
3 183
+3%
3 490
+10%
2 606
-25%
2 480
-5%
2 982
+20%
EPS (Diluted)
-10.14
N/A
-11.49
-13%
-8.03
+30%
10.01
N/A
4.73
-53%
3.42
-28%
19.94
+483%
21.35
+7%
26.14
+22%
23.71
-9%
16.82
-29%
9.14
-46%
10.5
+15%
15.67
+49%
11.21
-28%
8.51
-24%
7.18
-16%
19.89
+177%
17.58
-12%
24.61
+40%
37.1
+51%
33.79
-9%
27.92
-17%
26.32
-6%
35.49
+35%
44.92
+27%
52.25
+16%
47.74
-9%
33.36
-30%
21.36
-36%
7.69
-64%
3.41
-56%
23.12
+578%
28.7
+24%
31.77
+11%
30.72
-3%
27.06
-12%
23.85
-12%
25.25
+6%
28.32
+12%
29.47
+4%
24.32
-17%
20.08
-17%
21.28
+6%
44.74
+110%
49.54
+11%
55.67
+12%
53.21
-4%
60.67
+14%
69.36
+14%
67.45
-3%
73.81
+9%
58.13
-21%
42.65
-27%
45.81
+7%
40.15
-12%
47.88
+19%
47.79
0%
38.31
-20%
29.53
-23%
21.45
-27%
28.67
+34%
34.58
+21%
64.69
+87%
63.71
-2%
63.09
-1%
56.2
-11%
28.54
-49%
51.41
+80%
43.41
-16%
42.19
-3%
32.2
-24%
38.93
+21%
57.63
+48%
59.64
+3%
65.39
+10%
48.82
-25%
46.46
-5%
55.87
+20%

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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