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
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	9,541	9,604	8,944	8,332	7,949	9,333
Revenue Growth (YoY)	2.11%	7.38%	7.34%	4.82%	-14.83%	8.97%
Cost of Revenue	6,672	6,663	6,386	5,879	5,209	4,882
Gross Profit	2,869	2,941	2,558	2,453	2,740	4,451
Selling, General & Admin	2,209	2,179	2,079	2,037	2,007	3,421
Operating Expenses	2,336	2,306	2,200	2,152	2,081	3,474
Operating Income	533	635	358	301	659	977
Interest Expense	-1	-2	-3	-4	-2	-
Interest & Investment Income	34	27	18	16	14	14
Other Non Operating Income (Expenses)	33	33	46	35	56	10
EBT Excluding Unusual Items	599	693	419	348	727	1,001
Gain (Loss) on Sale of Investments	8	-	-	-	-8	-63
Asset Writedown	-295	-295	-	-1	-	-
Other Unusual Items	313	313	-	-	-	-1
Pretax Income	625	711	419	347	719	937
Income Tax Expense	194	226	137	119	228	298
Net Income	431	485	282	228	491	639
Net Income to Common	431	485	282	228	491	639
Net Income Growth	-5.07%	71.99%	23.68%	-53.56%	-23.16%	55.85%
Shares Outstanding (Basic)	2	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2	2
Shares Change (YoY)	-0.03%	-0.00%	-	-	-0.00%	-0.00%
EPS (Basic)	225.57	253.82	147.58	119.32	256.96	334.41
EPS (Diluted)	225.57	253.82	147.58	119.32	256.96	334.41
EPS Growth	-5.03%	71.99%	23.68%	-53.56%	-23.16%	55.86%
Free Cash Flow	-	1,151	487	901	-2,493	-983
Free Cash Flow Per Share	-	602.37	254.87	471.53	-1304.69	-514.44
Gross Margin	30.07%	30.62%	28.60%	29.44%	34.47%	47.69%
Operating Margin	5.59%	6.61%	4.00%	3.61%	8.29%	10.47%
Profit Margin	4.52%	5.05%	3.15%	2.74%	6.18%	6.85%
Free Cash Flow Margin	-	11.98%	5.45%	10.81%	-31.36%	-10.53%
EBITDA	1,058	1,161	886	813	997	1,268
EBITDA Margin	11.08%	12.09%	9.91%	9.76%	12.54%	13.59%
D&A For EBITDA	524.5	526	528	512	338	291
EBIT	533	635	358	301	659	977
EBIT Margin	5.59%	6.61%	4.00%	3.61%	8.29%	10.47%
Effective Tax Rate	31.04%	31.79%	32.70%	34.29%	31.71%	31.80%
Advertising Expenses	-	117	97	95	100	1,670

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