Earnings quality
Compare earnings and operating cash flow for earnings quality.
Unicharm Corporation
Ticker 8113 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-03-23 · Period end 2025-12-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
equity ratio is 65.0%.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin—
Equity ratio65.0%
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
ユニ・チャーム株式会社 is a Japanese listed company. Its reportable segments include Other, Pet Care, Personal Care, Operating Segments Not Included In.
- Other
- Pet Care
- Personal Care
- Operating Segments Not Included In
Segments Other · Pet Care · Personal Care · Operating Segments Not Included In
Compare trends
No phone/email found in this filing · Filing date 2026-03-23
Financial statements
Income statement
| Account | FY2024 (ended Dec 31, 2024) | FY2025 (ended Dec 31, 2025) |
|---|---|---|
| Revenue | ¥989.0B | ¥945.3B |
| Cost of sales* | ¥599.1B | ¥575.7B |
| Gross profit | ¥389.9B | ¥369.6B |
| Operating profit (loss) | — | — |
| Finance income | ¥9.7B | ¥7.3B |
| Finance costs | ¥9.9B | ¥3.9B |
| Income tax expense | ¥39.3B | ¥34.5B |
| Profit (loss) | ¥95.2B | ¥70.9B |
| Profit (loss) attributable to owners | ¥81.8B | ¥65.2B |
| Basic EPS (¥) | 46.41 | 37.30 |
Balance sheet
| Account | FY2024 (ended Dec 31, 2024) | FY2025 (ended Dec 31, 2025) |
|---|---|---|
| Cash and cash equivalents | ¥261.1B | ¥253.1B |
| Current assets | ¥671.0B | ¥641.6B |
| Non-current assets | ¥568.9B | ¥581.5B |
| Total assets | ¥1.2T | ¥1.2T |
| Short-term borrowings | ¥21.0B | ¥3.5B |
| Current liabilities | ¥301.6B | ¥263.9B |
| Non-current liabilities* | ¥64.7B | ¥68.0B |
| Total liabilities | ¥366.3B | ¥331.9B |
| Equity attributable to owners | ¥773.1B | ¥794.7B |
| Total equity | ¥873.7B | ¥891.3B |
Cash flow statement
| Account | FY2024 (ended Dec 31, 2024) | FY2025 (ended Dec 31, 2025) |
|---|---|---|
| Cash flows from operating activities | ¥137.1B | ¥131.5B |
| Cash flows from investing activities | -¥73.8B | -¥58.7B |
| Cash flows from financing activities | -¥66.8B | -¥83.9B |
| Net increase (decrease) in cash | ¥7.3B | -¥8.0B |
| Cash at end of period | ¥261.1B | ¥253.1B |
Five-year trends
Key metrics
| Metric | Trend | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | ¥782.7B | ¥898.0B | ¥941.8B | ¥989.0B | ¥945.3B | |
| Profit to owners | ¥72.7B | ¥67.6B | ¥86.1B | ¥81.8B | ¥65.2B | |
| Total assets | ¥987.7B | ¥1.0T | ¥1.1T | ¥1.2T | ¥1.2T | |
| Cash & equivalents | ¥187.5B | ¥217.2B | ¥253.8B | ¥261.1B | ¥253.1B | |
| Owners’ equity | ¥557.6B | ¥618.9B | ¥695.7B | ¥773.1B | ¥794.7B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from ¥989.0B to ¥945.3B (▼ -4.4%), so the top line did not break. Gross profit only slipped from ¥389.9B to ¥369.6B, while operating profit swung from — to — — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥131.5B (prior ¥137.1B), and cash on the balance sheet rose to ¥253.1B from ¥261.1B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥331.9B while owners’ equity fell to ¥794.7B. ROE moved from 11.1% to 8.3%, and the equity ratio from 62.3% to 65.0%. Employee count is 16,542 vs 16,464 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Capital structure held relatively steady.
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Source: EDINET S100XSEU
(ユニ・チャーム株式会社), period end 2025-12-31.