Higashimaru Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	13,343	14,126	13,010	11,724	11,286	12,215
Revenue Growth (YoY)	-6.50%	8.58%	10.97%	3.88%	-7.61%	-1.82%
Cost of Revenue	10,795	11,648	10,772	9,544	8,875	10,031
Gross Profit	2,548	2,478	2,238	2,180	2,411	2,184
Selling, General & Admin	2,079	2,081	1,979	1,933	1,895	1,886
Research & Development	202	202	209	197	195	208
Amortization of Goodwill & Intangibles	19	19	19	43	67	67
Operating Expenses	2,333	2,331	2,250	2,212	2,204	2,217
Operating Income	215	147	-12	-32	207	-33
Interest Expense	-61	-53	-39	-25	-13	-18
Interest & Investment Income	26	26	20	18	18	16
Currency Exchange Gain (Loss)	9	9	7	45	45	13
Other Non Operating Income (Expenses)	92	140	42	72	102	97
EBT Excluding Unusual Items	281	269	18	78	359	75
Gain (Loss) on Sale of Investments	242	-11	-	-	-	-
Asset Writedown	-105	-109	20	-97	-155	-195
Other Unusual Items	-1	-1	-	55	-	670
Pretax Income	417	148	38	36	204	550
Income Tax Expense	-34	68	142	111	201	276
Earnings From Continuing Operations	451	80	-104	-75	3	274
Net Income	451	80	-104	-75	3	274
Net Income to Common	451	80	-104	-75	3	274
Net Income Growth	146.45%	-	-	-	-98.91%	-
Shares Outstanding (Basic)	4	4	4	4	4	4
Shares Outstanding (Diluted)	4	4	4	4	4	4
Shares Change (YoY)	0.22%	0.23%	0.33%	0.49%	0.51%	0.36%
EPS (Basic)	113.92	20.24	-26.38	-19.08	0.77	70.42
EPS (Diluted)	113.92	20.24	-26.38	-19.08	0.77	70.42
EPS Growth	145.91%	-	-	-	-98.91%	-
Free Cash Flow	-	92	164	-1,703	-734	557
Free Cash Flow Per Share	-	23.28	41.59	-433.33	-187.68	143.15
Dividend Per Share	12.000	12.000	9.000	9.000	9.000	9.000
Dividend Growth	33.33%	33.33%	-	-	-	-
Gross Margin	19.10%	17.54%	17.20%	18.59%	21.36%	17.88%
Operating Margin	1.61%	1.04%	-0.09%	-0.27%	1.83%	-0.27%
Profit Margin	3.38%	0.57%	-0.80%	-0.64%	0.03%	2.24%
Free Cash Flow Margin	-	0.65%	1.26%	-14.53%	-6.50%	4.56%
EBITDA	673.25	615	469	430	632	469
EBITDA Margin	5.05%	4.35%	3.60%	3.67%	5.60%	3.84%
D&A For EBITDA	458.25	468	481	462	425	502
EBIT	215	147	-12	-32	207	-33
EBIT Margin	1.61%	1.04%	-0.09%	-0.27%	1.83%	-0.27%
Effective Tax Rate	-	45.95%	373.68%	308.33%	98.53%	50.18%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.