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Consumer Non-Durables

Descente Ltd.

Business Summary

Descente Ltd. engages in the manufacture and sale of active sportswear. Its brands include Descente, Inov, Arena, Le Coq Sportif, Umbro, and Marmot. It operates through the following geographical segments: Japan, Asia, and North America. The company was founded by Takeo Ishimoto in February 1935 and is headquartered in Osaka, Japan.

Financial Highlights

Mar 2021 JPYUSD
Revenue96,831M913.00M
Gross Profit50,980M480.68M
Operating income-1,805M-17.01M
Income before tax5,565M52.47M
Net income5,039M47.51M
EBITDA3,396M32.02M
Diluted EPS66.780.62
Dividends Per Share00
Total Assets107,987M977.25M
Total liabilities30,020M271.67M
Total equity77,963M705.54M
Operating cash flow2,393M22.56M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 131,747M 141,224M 142,410M 124,607M 96,831M
Gross Profit 73,431M 78,421M 79,495M 68,027M 50,980M
Operating income 8,418M 9,596M 7,937M 432M -1,805M
Income before tax 8,533M 8,606M 5,683M -1,184M 5,565M
Net income 5,650M 5,771M 3,944M -2,481M 5,039M
EBITDA 11,402M 13,051M 11,826M 6,702M 3,396M
Diluted EPS 75 76.57 52.30 -32.89 66.78
Dividends Per Share 23 23 26 0 0
Total Assets 106,976M 117,141M 115,756M 108,504M 107,987M
Total liabilities 36,029M 38,264M 37,308M 36,309M 30,020M
Total equity 70,944M 78,875M 78,446M 72,193M 77,963M
Operating cash flow 5,520M 12,523M 11,137M 2,371M 2,393M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 1,216.64M 1,274.21M 1,284.19M 1,146.06M 913.00M
Gross Profit 678.11M 707.56M 716.85M 625.67M 480.68M
Operating income 77.73M 86.58M 71.57M 3.97M -17.01M
Income before tax 78.79M 77.64M 51.24M -10.88M 52.47M
Net income 52.17M 52.06M 35.56M -22.81M 47.51M
EBITDA 105.29M 117.75M 106.64M 61.64M 32.02M
Diluted EPS 0.69 0.69 0.47 -0.30 0.62
Dividends Per Share 0.21 0.20 0.23 0 0
Total Assets 960.02M 1,101.46M 1,045.81M 1,005.08M 977.25M
Total liabilities 323.33M 359.79M 337.06M 336.33M 271.67M
Total equity 636.66M 741.65M 708.73M 668.73M 705.54M
Operating cash flow 50.97M 112.99M 100.42M 21.80M 22.56M

Valuation Measures

Mar 2021
PER28.17
ROA4.65%
ROE6.71%
Operating margin-1.86%
Profit margin5.20%

Key executives

  • President & Representative Director: Shuichi Koseki
  • CFO, Director & Managing Executive Officer: Akira Tsuchihashi
  • Director & Senior Managing Executive Officer: Hoon-Do Kim
  • Director & Managing Executive Officer: Norio Ogawa
  • Auditor: Masatsugu Morimitsu

Shareholders

  • ITOCHU Corp. (39.2%)
  • Nippon Life Insurance Co. (4.2%)
  • Teijin Ltd. (3.2%)
  • Sumitomo Mitsui Financial Group, Inc. (2.7%)
  • He Sheng Overseas Holdings Ltd. (2.6%)
  • Baillie Gifford & Co. (2.3%)
  • Zhi Sheng Overseas Holdings Ltd. (2.1%)
  • The Descente & Ishimoto Memorial Foundation (2.1%)
  • Toyobo Co., Ltd. (2.0%)
  • Descente Ltd. (1.8%)

Contact Details

Related Companies

  • Pedes Investments Ltd.
  • Descente North America, Inc. (United States)
  • Descente Japan Ltd.
  • Descente Restricted Stock Compensation Plan
  • Descente Global Retail Ltd.
  • Inoveight Ltd.
  • Singapore Descente Pte Ltd.
  • Shanghai Descente Commercial Co., Ltd.
  • Hong Kong Descente Trading Ltd.
  • Nautica Japan Ltd.
  • Descente Korea Ltd.
  • Descente Apparel KK
  • Beijing Descente Co. Ltd.
  • Ben-General Corp. Ltd.
  • Descente Employee Stock Ownership Plan
  • Descente & Ishimoto Memorial Foundation
  • Descente Kyoeikai Association

Competitors

  • 361 Degrees International Ltd.
Last Updated on 15 Oct, 2021

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