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4547 Kissei Pharmaceutical

Watchlist
  • 3655
  • 00.00%
20min DelayMarket to Open Feb 14 15:30 JST
175.12BMarket Cap14.82P/E (Static)

Kissei Pharmaceutical Key Stats

Quarterly+Annual
YOY yoy
Hide blank lines yoy
(Q3)Dec 31, 2024
(Q2)Sep 30, 2024
(FY)Mar 31, 2024
(Q4)Mar 31, 2024
(Q3)Dec 31, 2023
(Q2)Sep 30, 2023
(Q1)Jun 30, 2023
(FY)Mar 31, 2023
(Q4)Mar 31, 2023
(Q3)Dec 31, 2022
Assets
Current assets
Cash, cash equivalents and short term investments
2.90%44.46B
5.10%49.96B
-7.39%45.93B
-7.39%45.93B
-8.40%43.21B
-8.30%47.54B
-3.11%47.71B
-6.68%49.6B
-6.68%49.6B
12.38%47.17B
-Cash and cash equivalents
-6.23%18.67B
9.12%26.44B
-11.58%22.89B
-11.58%22.89B
-16.05%19.91B
-14.63%24.23B
-6.80%24.14B
-13.73%25.89B
-13.73%25.89B
29.16%23.71B
-Short term investments
10.71%25.79B
0.92%23.52B
-2.81%23.04B
-2.81%23.04B
-0.67%23.3B
-0.64%23.3B
0.99%23.57B
2.45%23.71B
2.45%23.71B
-0.66%23.46B
Receivables
11.37%32.85B
1.36%27.43B
25.90%28.68B
25.90%28.68B
8.76%29.5B
20.83%27.06B
11.76%24.65B
-0.12%22.78B
-0.12%22.78B
2.57%27.13B
-Accounts receivable
11.37%32.85B
1.36%27.43B
25.84%27.79B
25.84%27.79B
8.76%29.5B
20.83%27.06B
11.76%24.65B
0.58%22.08B
0.58%22.08B
2.57%27.13B
-Gross accounts receivable
11.37%32.85B
1.36%27.43B
25.84%27.79B
25.84%27.79B
8.76%29.5B
20.83%27.06B
11.76%24.65B
0.58%22.08B
0.58%22.08B
2.57%27.13B
-Other receivables
----
----
27.73%889M
27.73%889M
----
----
----
-18.12%696M
-18.12%696M
----
Inventory
8.22%26.48B
7.04%26.31B
15.34%26.3B
15.34%26.3B
16.30%24.47B
22.93%24.58B
26.66%24.06B
20.07%22.8B
20.07%22.8B
4.95%21.04B
Other current assets
-41.65%2.96B
-50.60%3.3B
-33.34%3.64B
-33.34%3.64B
-21.33%5.08B
26.69%6.69B
25.61%6.96B
24.29%5.47B
24.29%5.47B
19.44%6.45B
Total current assets
4.41%106.75B
1.08%107.01B
3.89%104.55B
3.89%104.55B
0.46%102.25B
6.38%105.87B
7.88%103.38B
1.31%100.64B
1.31%100.64B
8.44%101.79B
Non current assets
Net PPE
5.57%25.97B
7.72%26.15B
1.15%24.86B
1.15%24.86B
4.14%24.6B
1.73%24.28B
1.91%24.39B
2.10%24.58B
2.10%24.58B
-2.02%23.62B
-Gross PP&E
2.13%70.88B
3.38%71.06B
1.46%69.79B
1.46%69.79B
2.08%69.4B
1.01%68.74B
0.62%68.87B
0.84%68.78B
0.84%68.78B
-0.50%67.99B
-Accumulated depreciation
-0.24%-44.91B
-1.01%-44.91B
-1.63%-44.93B
-1.63%-44.93B
-0.97%-44.8B
-0.62%-44.47B
0.07%-44.49B
-0.15%-44.21B
-0.15%-44.21B
-0.34%-44.37B
Prepaid assets-non current
----
----
-6.51%14.22B
-6.51%14.22B
----
----
----
21.87%15.21B
21.87%15.21B
----
Total investment
15.13%92.08B
23.82%100.66B
42.25%106.36B
42.25%106.36B
-4.26%79.97B
-11.54%81.3B
-20.52%76.87B
-22.62%74.77B
-22.62%74.77B
-20.93%83.53B
-Financial asset investment
15.13%92.08B
23.82%100.66B
42.25%106.36B
42.25%106.36B
-4.26%79.97B
-11.54%81.3B
-20.52%76.87B
-22.62%74.77B
-22.62%74.77B
-20.93%83.53B
-Including:Available-for-sale securities
15.13%92.08B
23.82%100.66B
42.25%106.36B
42.25%106.36B
-4.26%79.97B
-11.54%81.3B
-20.52%76.87B
-22.62%74.77B
-22.62%74.77B
-20.93%83.53B
Long-term accounts receivable and other receivables
----
----
0.00%5M
0.00%5M
----
----
----
66.67%5M
66.67%5M
----
Goodwill and other intangible assets
-3.93%1.86B
17.76%1.86B
32.18%1.99B
32.18%1.99B
24.60%1.94B
-1.37%1.58B
-14.70%1.48B
-3.95%1.51B
-3.95%1.51B
-3.48%1.55B
-Goodwill
----
----
--309M
--309M
----
----
----
--0
--0
----
-Other intangible assets
----
----
11.68%1.68B
11.68%1.68B
----
----
----
-3.95%1.51B
-3.95%1.51B
----
Defined pension benefit
130.31%7.86B
130.90%7.63B
136.68%7.31B
136.68%7.31B
22.65%3.41B
23.51%3.3B
24.54%3.2B
25.57%3.09B
25.57%3.09B
--2.78B
Deferred tax assets-non current
-13.38%408M
3.85%459M
40.42%608M
40.42%608M
22.66%471M
-7.34%442M
-14.29%456M
-17.37%433M
-17.37%433M
-13.51%384M
Other non current assets
-11.42%14.01B
9.67%16.56B
5.28%1.02B
5.28%1.02B
-5.52%15.82B
11.49%15.1B
11.47%15.64B
-3.60%965M
-3.60%965M
20.40%16.74B
Total non current assets
12.66%142.18B
21.68%153.33B
29.71%156.37B
29.71%156.37B
-1.87%126.2B
-6.02%126.01B
-12.53%122.03B
-13.11%120.56B
-13.11%120.56B
-11.73%128.61B
Total assets
8.96%248.93B
12.27%260.34B
17.96%260.93B
17.96%260.93B
-0.84%228.45B
-0.73%231.88B
-4.22%225.41B
-7.09%221.2B
-7.09%221.2B
-3.83%230.4B
Liabilities
Current liabilities
Financial liabilities
-7.91%1.28B
-9.35%1.26B
-10.07%1.34B
-10.07%1.34B
-9.74%1.39B
-12.58%1.39B
-12.20%1.44B
-9.15%1.49B
-9.15%1.49B
-11.03%1.54B
-Current debt and capital lease obligation
-7.91%1.28B
-9.35%1.26B
-10.07%1.34B
-10.07%1.34B
-9.74%1.39B
-12.58%1.39B
-12.20%1.44B
-9.15%1.49B
-9.15%1.49B
-11.03%1.54B
-Including:Current debt
-7.91%1.28B
-9.35%1.26B
-10.07%1.34B
-10.07%1.34B
-9.74%1.39B
-12.58%1.39B
-12.20%1.44B
-9.15%1.49B
-9.15%1.49B
-11.03%1.54B
Payables
14.82%6.35B
18.85%7.39B
44.74%7.27B
44.74%7.27B
-1.06%5.53B
5.16%6.22B
53.67%6.32B
-33.89%5.03B
-33.89%5.03B
-20.76%5.59B
-accounts payable
5.73%5.12B
11.43%5.24B
5.98%4.89B
5.98%4.89B
-13.08%4.84B
-6.87%4.71B
40.44%5.07B
12.50%4.62B
12.50%4.62B
-3.00%5.57B
-Total tax payable
78.24%1.24B
41.96%2.15B
483.33%2.38B
483.33%2.38B
2,676.00%694M
75.90%1.51B
148.80%1.25B
-88.33%408M
-88.33%408M
-98.10%25M
Current provisions
-16.49%157M
-4.76%140M
-4.03%143M
-4.03%143M
0.00%188M
-9.26%147M
-9.49%143M
8.76%149M
8.76%149M
-69.53%188M
Pension and other retirement benefit plans
8.84%874M
-3.22%1.77B
10.54%1.86B
10.54%1.86B
-0.37%803M
1.78%1.83B
8.83%838M
-2.44%1.68B
-2.44%1.68B
-1.47%806M
Accrued and deferred income
-17.92%1.06B
-41.70%1.01B
-19.50%1.49B
-19.50%1.49B
-34.13%1.3B
-32.11%1.73B
-34.85%1.78B
-31.53%1.85B
-31.53%1.85B
-28.38%1.97B
Other current liabilities
26.08%10.11B
44.68%7.88B
16.72%5.57B
16.72%5.57B
-13.18%8.02B
21.47%5.44B
1.89%5.98B
-3.66%4.77B
-3.66%4.77B
71.41%9.24B
Current liabilities
15.15%19.84B
16.02%19.45B
18.09%17.66B
18.09%17.66B
-10.87%17.23B
1.60%16.76B
7.99%16.5B
-20.20%14.96B
-20.20%14.96B
5.30%19.33B
Non current liabilities
Long term provisions
0.70%143M
0.00%142M
2.88%143M
2.88%143M
2.90%142M
2.90%142M
0.72%139M
0.72%139M
0.72%139M
8.66%138M
Long term pension and other post-retirement benefit plans
-3.41%198M
-3.98%193M
8.85%209M
8.85%209M
9.04%205M
9.24%201M
8.89%196M
6.08%192M
6.08%192M
-84.55%188M
Non current deferred liabilities
33.29%16.87B
53.72%19.26B
103.22%21.19B
103.22%21.19B
-5.29%12.66B
-17.38%12.53B
-33.75%10.87B
-35.88%10.43B
-35.88%10.43B
-28.18%13.37B
Other non current liabilities
-10.83%560M
-14.54%529M
-12.04%592M
-12.04%592M
-7.10%628M
-10.55%619M
13.70%639M
14.65%673M
14.65%673M
14.97%676M
Total non current liabilities
30.37%17.77B
49.17%20.12B
93.63%22.13B
93.63%22.13B
-5.11%13.63B
-16.62%13.49B
-31.49%11.85B
-33.41%11.43B
-33.41%11.43B
-30.06%14.37B
Total liabilities
21.87%37.61B
30.80%39.57B
50.81%39.8B
50.81%39.8B
-8.41%30.86B
-7.42%30.25B
-12.97%28.35B
-26.52%26.39B
-26.52%26.39B
-13.37%33.7B
Shareholders'equity
Share capital
0.00%24.36B
0.00%24.36B
0.00%24.36B
0.00%24.36B
0.00%24.36B
0.00%24.36B
0.00%24.36B
0.00%24.36B
0.00%24.36B
0.00%24.36B
-common stock
0.00%24.36B
0.00%24.36B
0.00%24.36B
0.00%24.36B
0.00%24.36B
0.00%24.36B
0.00%24.36B
0.00%24.36B
0.00%24.36B
0.00%24.36B
Additional paid-in capital
0.00%24.23B
0.00%24.23B
0.00%24.23B
0.00%24.23B
0.00%24.23B
0.00%24.23B
0.00%24.23B
0.00%24.23B
0.00%24.23B
0.00%24.23B
Retained earnings
3.12%128.37B
5.69%130.75B
1.38%127.31B
1.38%127.31B
2.28%124.49B
2.90%123.71B
2.33%121.29B
6.26%125.58B
6.26%125.58B
8.60%121.71B
Less: Treasury stock
17.05%14.52B
61.91%13.21B
2.30%13.21B
2.30%13.21B
-3.93%12.41B
-36.82%8.16B
-39.86%7.77B
0.00%12.91B
0.00%12.91B
0.01%12.91B
Other reserves
33.12%47.77B
46.66%53.54B
75.62%57.34B
75.62%57.34B
-6.65%35.89B
-17.39%36.5B
-28.86%33.98B
-31.30%32.65B
-31.30%32.65B
-26.35%38.44B
Total stockholders'equity
6.95%210.2B
9.48%219.66B
13.48%220.03B
13.48%220.03B
0.37%196.55B
0.28%200.63B
-2.91%196.09B
-3.72%193.9B
-3.72%193.9B
-2.06%195.83B
Noncontrolling interests
7.11%1.12B
11.86%1.11B
21.12%1.11B
21.12%1.11B
19.11%1.04B
19.02%995M
19.32%976M
15.11%914M
15.11%914M
20.39%874M
Total equity
6.95%211.32B
9.49%220.77B
13.51%221.13B
13.51%221.13B
0.45%197.59B
0.36%201.63B
-2.82%197.07B
-3.64%194.81B
-3.64%194.81B
-1.98%196.7B
Currency Unit
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
JPY
Accounting Standards
NonUS-GAAP
NonUS-GAAP
NonUS-GAAP
NonUS-GAAP
NonUS-GAAP
NonUS-GAAP
NonUS-GAAP
NonUS-GAAP
NonUS-GAAP
NonUS-GAAP
(Q3)Dec 31, 2024(Q2)Sep 30, 2024(FY)Mar 31, 2024(Q4)Mar 31, 2024(Q3)Dec 31, 2023(Q2)Sep 30, 2023(Q1)Jun 30, 2023(FY)Mar 31, 2023(Q4)Mar 31, 2023(Q3)Dec 31, 2022
Assets
Current assets
Cash, cash equivalents and short term investments 2.90%44.46B5.10%49.96B-7.39%45.93B-7.39%45.93B-8.40%43.21B-8.30%47.54B-3.11%47.71B-6.68%49.6B-6.68%49.6B12.38%47.17B
-Cash and cash equivalents -6.23%18.67B9.12%26.44B-11.58%22.89B-11.58%22.89B-16.05%19.91B-14.63%24.23B-6.80%24.14B-13.73%25.89B-13.73%25.89B29.16%23.71B
-Short term investments 10.71%25.79B0.92%23.52B-2.81%23.04B-2.81%23.04B-0.67%23.3B-0.64%23.3B0.99%23.57B2.45%23.71B2.45%23.71B-0.66%23.46B
Receivables 11.37%32.85B1.36%27.43B25.90%28.68B25.90%28.68B8.76%29.5B20.83%27.06B11.76%24.65B-0.12%22.78B-0.12%22.78B2.57%27.13B
-Accounts receivable 11.37%32.85B1.36%27.43B25.84%27.79B25.84%27.79B8.76%29.5B20.83%27.06B11.76%24.65B0.58%22.08B0.58%22.08B2.57%27.13B
-Gross accounts receivable 11.37%32.85B1.36%27.43B25.84%27.79B25.84%27.79B8.76%29.5B20.83%27.06B11.76%24.65B0.58%22.08B0.58%22.08B2.57%27.13B
-Other receivables --------27.73%889M27.73%889M-------------18.12%696M-18.12%696M----
Inventory 8.22%26.48B7.04%26.31B15.34%26.3B15.34%26.3B16.30%24.47B22.93%24.58B26.66%24.06B20.07%22.8B20.07%22.8B4.95%21.04B
Other current assets -41.65%2.96B-50.60%3.3B-33.34%3.64B-33.34%3.64B-21.33%5.08B26.69%6.69B25.61%6.96B24.29%5.47B24.29%5.47B19.44%6.45B
Total current assets 4.41%106.75B1.08%107.01B3.89%104.55B3.89%104.55B0.46%102.25B6.38%105.87B7.88%103.38B1.31%100.64B1.31%100.64B8.44%101.79B
Non current assets
Net PPE 5.57%25.97B7.72%26.15B1.15%24.86B1.15%24.86B4.14%24.6B1.73%24.28B1.91%24.39B2.10%24.58B2.10%24.58B-2.02%23.62B
-Gross PP&E 2.13%70.88B3.38%71.06B1.46%69.79B1.46%69.79B2.08%69.4B1.01%68.74B0.62%68.87B0.84%68.78B0.84%68.78B-0.50%67.99B
-Accumulated depreciation -0.24%-44.91B-1.01%-44.91B-1.63%-44.93B-1.63%-44.93B-0.97%-44.8B-0.62%-44.47B0.07%-44.49B-0.15%-44.21B-0.15%-44.21B-0.34%-44.37B
Prepaid assets-non current ---------6.51%14.22B-6.51%14.22B------------21.87%15.21B21.87%15.21B----
Total investment 15.13%92.08B23.82%100.66B42.25%106.36B42.25%106.36B-4.26%79.97B-11.54%81.3B-20.52%76.87B-22.62%74.77B-22.62%74.77B-20.93%83.53B
-Financial asset investment 15.13%92.08B23.82%100.66B42.25%106.36B42.25%106.36B-4.26%79.97B-11.54%81.3B-20.52%76.87B-22.62%74.77B-22.62%74.77B-20.93%83.53B
-Including:Available-for-sale securities 15.13%92.08B23.82%100.66B42.25%106.36B42.25%106.36B-4.26%79.97B-11.54%81.3B-20.52%76.87B-22.62%74.77B-22.62%74.77B-20.93%83.53B
Long-term accounts receivable and other receivables --------0.00%5M0.00%5M------------66.67%5M66.67%5M----
Goodwill and other intangible assets -3.93%1.86B17.76%1.86B32.18%1.99B32.18%1.99B24.60%1.94B-1.37%1.58B-14.70%1.48B-3.95%1.51B-3.95%1.51B-3.48%1.55B
-Goodwill ----------309M--309M--------------0--0----
-Other intangible assets --------11.68%1.68B11.68%1.68B-------------3.95%1.51B-3.95%1.51B----
Defined pension benefit 130.31%7.86B130.90%7.63B136.68%7.31B136.68%7.31B22.65%3.41B23.51%3.3B24.54%3.2B25.57%3.09B25.57%3.09B--2.78B
Deferred tax assets-non current -13.38%408M3.85%459M40.42%608M40.42%608M22.66%471M-7.34%442M-14.29%456M-17.37%433M-17.37%433M-13.51%384M
Other non current assets -11.42%14.01B9.67%16.56B5.28%1.02B5.28%1.02B-5.52%15.82B11.49%15.1B11.47%15.64B-3.60%965M-3.60%965M20.40%16.74B
Total non current assets 12.66%142.18B21.68%153.33B29.71%156.37B29.71%156.37B-1.87%126.2B-6.02%126.01B-12.53%122.03B-13.11%120.56B-13.11%120.56B-11.73%128.61B
Total assets 8.96%248.93B12.27%260.34B17.96%260.93B17.96%260.93B-0.84%228.45B-0.73%231.88B-4.22%225.41B-7.09%221.2B-7.09%221.2B-3.83%230.4B
Liabilities
Current liabilities
Financial liabilities -7.91%1.28B-9.35%1.26B-10.07%1.34B-10.07%1.34B-9.74%1.39B-12.58%1.39B-12.20%1.44B-9.15%1.49B-9.15%1.49B-11.03%1.54B
-Current debt and capital lease obligation -7.91%1.28B-9.35%1.26B-10.07%1.34B-10.07%1.34B-9.74%1.39B-12.58%1.39B-12.20%1.44B-9.15%1.49B-9.15%1.49B-11.03%1.54B
-Including:Current debt -7.91%1.28B-9.35%1.26B-10.07%1.34B-10.07%1.34B-9.74%1.39B-12.58%1.39B-12.20%1.44B-9.15%1.49B-9.15%1.49B-11.03%1.54B
Payables 14.82%6.35B18.85%7.39B44.74%7.27B44.74%7.27B-1.06%5.53B5.16%6.22B53.67%6.32B-33.89%5.03B-33.89%5.03B-20.76%5.59B
-accounts payable 5.73%5.12B11.43%5.24B5.98%4.89B5.98%4.89B-13.08%4.84B-6.87%4.71B40.44%5.07B12.50%4.62B12.50%4.62B-3.00%5.57B
-Total tax payable 78.24%1.24B41.96%2.15B483.33%2.38B483.33%2.38B2,676.00%694M75.90%1.51B148.80%1.25B-88.33%408M-88.33%408M-98.10%25M
Current provisions -16.49%157M-4.76%140M-4.03%143M-4.03%143M0.00%188M-9.26%147M-9.49%143M8.76%149M8.76%149M-69.53%188M
Pension and other retirement benefit plans 8.84%874M-3.22%1.77B10.54%1.86B10.54%1.86B-0.37%803M1.78%1.83B8.83%838M-2.44%1.68B-2.44%1.68B-1.47%806M
Accrued and deferred income -17.92%1.06B-41.70%1.01B-19.50%1.49B-19.50%1.49B-34.13%1.3B-32.11%1.73B-34.85%1.78B-31.53%1.85B-31.53%1.85B-28.38%1.97B
Other current liabilities 26.08%10.11B44.68%7.88B16.72%5.57B16.72%5.57B-13.18%8.02B21.47%5.44B1.89%5.98B-3.66%4.77B-3.66%4.77B71.41%9.24B
Current liabilities 15.15%19.84B16.02%19.45B18.09%17.66B18.09%17.66B-10.87%17.23B1.60%16.76B7.99%16.5B-20.20%14.96B-20.20%14.96B5.30%19.33B
Non current liabilities
Long term provisions 0.70%143M0.00%142M2.88%143M2.88%143M2.90%142M2.90%142M0.72%139M0.72%139M0.72%139M8.66%138M
Long term pension and other post-retirement benefit plans -3.41%198M-3.98%193M8.85%209M8.85%209M9.04%205M9.24%201M8.89%196M6.08%192M6.08%192M-84.55%188M
Non current deferred liabilities 33.29%16.87B53.72%19.26B103.22%21.19B103.22%21.19B-5.29%12.66B-17.38%12.53B-33.75%10.87B-35.88%10.43B-35.88%10.43B-28.18%13.37B
Other non current liabilities -10.83%560M-14.54%529M-12.04%592M-12.04%592M-7.10%628M-10.55%619M13.70%639M14.65%673M14.65%673M14.97%676M
Total non current liabilities 30.37%17.77B49.17%20.12B93.63%22.13B93.63%22.13B-5.11%13.63B-16.62%13.49B-31.49%11.85B-33.41%11.43B-33.41%11.43B-30.06%14.37B
Total liabilities 21.87%37.61B30.80%39.57B50.81%39.8B50.81%39.8B-8.41%30.86B-7.42%30.25B-12.97%28.35B-26.52%26.39B-26.52%26.39B-13.37%33.7B
Shareholders'equity
Share capital 0.00%24.36B0.00%24.36B0.00%24.36B0.00%24.36B0.00%24.36B0.00%24.36B0.00%24.36B0.00%24.36B0.00%24.36B0.00%24.36B
-common stock 0.00%24.36B0.00%24.36B0.00%24.36B0.00%24.36B0.00%24.36B0.00%24.36B0.00%24.36B0.00%24.36B0.00%24.36B0.00%24.36B
Additional paid-in capital 0.00%24.23B0.00%24.23B0.00%24.23B0.00%24.23B0.00%24.23B0.00%24.23B0.00%24.23B0.00%24.23B0.00%24.23B0.00%24.23B
Retained earnings 3.12%128.37B5.69%130.75B1.38%127.31B1.38%127.31B2.28%124.49B2.90%123.71B2.33%121.29B6.26%125.58B6.26%125.58B8.60%121.71B
Less: Treasury stock 17.05%14.52B61.91%13.21B2.30%13.21B2.30%13.21B-3.93%12.41B-36.82%8.16B-39.86%7.77B0.00%12.91B0.00%12.91B0.01%12.91B
Other reserves 33.12%47.77B46.66%53.54B75.62%57.34B75.62%57.34B-6.65%35.89B-17.39%36.5B-28.86%33.98B-31.30%32.65B-31.30%32.65B-26.35%38.44B
Total stockholders'equity 6.95%210.2B9.48%219.66B13.48%220.03B13.48%220.03B0.37%196.55B0.28%200.63B-2.91%196.09B-3.72%193.9B-3.72%193.9B-2.06%195.83B
Noncontrolling interests 7.11%1.12B11.86%1.11B21.12%1.11B21.12%1.11B19.11%1.04B19.02%995M19.32%976M15.11%914M15.11%914M20.39%874M
Total equity 6.95%211.32B9.49%220.77B13.51%221.13B13.51%221.13B0.45%197.59B0.36%201.63B-2.82%197.07B-3.64%194.81B-3.64%194.81B-1.98%196.7B
Currency Unit JPYJPYJPYJPYJPYJPYJPYJPYJPYJPY
Accounting Standards NonUS-GAAPNonUS-GAAPNonUS-GAAPNonUS-GAAPNonUS-GAAPNonUS-GAAPNonUS-GAAPNonUS-GAAPNonUS-GAAPNonUS-GAAP