Marutai 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	2017 - 2021
Period Ending	Jun '25 Jun 30, 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	2017 - 2021
Revenue	9,539	9,604	8,944	8,332	7,949	9,333	Upgrade
Revenue Growth (YoY)	4.78%	7.38%	7.34%	4.82%	-14.83%	8.97%	Upgrade
Cost of Revenue	6,661	6,663	6,386	5,879	5,209	4,882	Upgrade
Gross Profit	2,878	2,941	2,558	2,453	2,740	4,451	Upgrade
Selling, General & Admin	2,187	2,179	2,079	2,037	2,007	3,421	Upgrade
Operating Expenses	2,314	2,306	2,200	2,152	2,081	3,474	Upgrade
Operating Income	564	635	358	301	659	977	Upgrade
Interest Expense	-2	-2	-3	-4	-2	-	Upgrade
Interest & Investment Income	32	27	18	16	14	14	Upgrade
Other Non Operating Income (Expenses)	32	33	46	35	56	10	Upgrade
EBT Excluding Unusual Items	626	693	419	348	727	1,001	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-	-8	-63	Upgrade
Asset Writedown	-295	-295	-	-1	-	-	Upgrade
Other Unusual Items	313	313	-	-	-	-1	Upgrade
Pretax Income	644	711	419	347	719	937	Upgrade
Income Tax Expense	201	226	137	119	228	298	Upgrade
Net Income	443	485	282	228	491	639	Upgrade
Net Income to Common	443	485	282	228	491	639	Upgrade
Net Income Growth	18.77%	71.99%	23.68%	-53.56%	-23.16%	55.85%	Upgrade
Shares Outstanding (Basic)	2	2	2	2	2	2	Upgrade
Shares Outstanding (Diluted)	2	2	2	2	2	2	Upgrade
Shares Change (YoY)	-0.01%	-0.00%	-	-	-0.00%	-0.00%	Upgrade
EPS (Basic)	231.84	253.82	147.58	119.32	256.96	334.41	Upgrade
EPS (Diluted)	231.84	253.82	147.58	119.32	256.96	334.41	Upgrade
EPS Growth	18.78%	71.99%	23.68%	-53.56%	-23.16%	55.86%	Upgrade
Free Cash Flow	-	1,151	487	901	-2,493	-983	Upgrade
Free Cash Flow Per Share	-	602.37	254.87	471.53	-1304.69	-514.44	Upgrade
Gross Margin	30.17%	30.62%	28.60%	29.44%	34.47%	47.69%	Upgrade
Operating Margin	5.91%	6.61%	4.00%	3.61%	8.29%	10.47%	Upgrade
Profit Margin	4.64%	5.05%	3.15%	2.74%	6.18%	6.85%	Upgrade
Free Cash Flow Margin	-	11.98%	5.45%	10.81%	-31.36%	-10.53%	Upgrade
EBITDA	1,090	1,161	886	813	997	1,268	Upgrade
EBITDA Margin	11.42%	12.09%	9.91%	9.76%	12.54%	13.59%	Upgrade
D&A For EBITDA	525.5	526	528	512	338	291	Upgrade
EBIT	564	635	358	301	659	977	Upgrade
EBIT Margin	5.91%	6.61%	4.00%	3.61%	8.29%	10.47%	Upgrade
Effective Tax Rate	31.21%	31.79%	32.70%	34.29%	31.71%	31.80%	Upgrade
Advertising Expenses	-	117	97	95	100	1,670	Upgrade

Updated Feb 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.