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<0>Reliable cash flow. You need to purchase a great business yielding revenue.</0><0>Growing net profit will ensure stable payments.</0><0>Regular payments over the past 20-25 years.</0><0>High dividend yield is not always good. High dividend stocks are not the only option for the dividend investor.</0>

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Inaba Seisakusho Co., Ltd. engages in the engineering, manufacture, sale, and support of office furniture and outdoor storage sheds in Japan. The company operates in two segments, Steel Storage Units and Office Furniture. The Steel Storage Units segment sells and rents storage facilities such as storage sheds, garages, warehouses and bicycle parking areas. The office furniture segment products include desks, meeting tables, office chairs, office partitions, storage cabins, and other items. The company was founded in 1940 and is headquartered in Tokyo, Japan.

	2021	2022	2023	2024	2025	TTM
Revenue
Total revenue	37,799.5	39,152.8	41,824.7	42,414.2	41,905	41,718
COGS	27,058.1	29,529.6	31,314.8	31,233.7	31,869	31,467
Gross Profit	10,741.4	9,623.2	10,509.9	11,180.5	10,036	10,251
Operating Expenses & Income
Operating Income	2,764.5	1,890.9	2,754.2	3,064.9	1,865	2,000.8
Total Operating Expenses	7,976.9	7,732.2	7,755.8	8,115.5	8,171	8,250.3
R&D Expenses	270.2	267.1	284.1	270	229.1	229
Selling General & Admin Expenses	4,831.7	5,130.1	5,365.6	6,105	-	66
Earnings from Continuing Operations
Interest Expense	(0.313)	(0.603)	(0.664)	(0.381)	-	-
Interest Income	5.735	7.424	8.448	11.11	-	-
Income Tax Expense	692.2	660.1	928.6	1,033	675	752.7
Net Income
Net Income	2,365.3	1,521	1,970.7	2,441.6	1,546	1,729.4
Supplemental
EBIT	3,057.8	2,181.6	2,900	3,475	1,865	2,160.6
EBITDA	4,778.7	4,140.8	4,752.1	5,318	3,866	3,950.8

Inaba Seisakusho Co Ltd