Air Water 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	Sep '25 Sep 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
Revenue	1,084,606	1,075,929	1,024,540	1,004,914	888,668	806,630
Revenue Growth (YoY)	2.76%	5.02%	1.95%	13.08%	10.17%	-0.30%
Cost of Revenue	845,841	844,399	804,271	804,830	689,555	625,734
Gross Profit	238,765	231,530	220,269	200,084	199,113	180,896
Selling, General & Admin	154,598	149,244	141,756	135,006	125,544	121,434
Other Operating Expenses	36,831	-1,663	-2,695	-4,313	-1,854	-1,960
Operating Expenses	208,954	165,106	155,716	146,066	137,849	133,438
Operating Income	29,811	66,424	64,553	54,018	61,264	47,458
Interest Expense	-16,047	-3,884	-3,224	-1,996	-1,479	-1,645
Interest & Investment Income	3,724	2,972	1,913	1,434	1,161	1,010
Earnings From Equity Investments	3,448	4,264	2,056	2,502	1,942	2,287
Currency Exchange Gain (Loss)	-415	-415	-169	-371	-31	-265
Other Non Operating Income (Expenses)	927	925	1,202	2,124	1,589	1,083
EBT Excluding Unusual Items	21,448	70,286	66,331	57,711	64,446	49,928
Gain (Loss) on Sale of Assets	4,775	4,775	379	3,266	-218	-278
Asset Writedown	-1,089	-1,089	-	-	-	-
Pretax Income	25,134	73,972	66,710	60,977	64,228	49,650
Income Tax Expense	17,071	23,564	20,565	18,023	17,823	19,292
Earnings From Continuing Operations	8,063	50,408	46,145	42,954	46,405	30,358
Earnings From Discontinued Operations	-4	-11	-11	-305	-142	51
Net Income to Company	8,059	50,397	46,134	42,649	46,263	30,409
Minority Interest in Earnings	-320	-1,323	-1,774	-2,512	-3,049	-3,042
Net Income	7,739	49,074	44,360	40,137	43,214	27,367
Net Income to Common	7,739	49,074	44,360	40,137	43,214	27,367
Net Income Growth	-83.60%	10.63%	10.52%	-7.12%	57.91%	-10.07%
Shares Outstanding (Basic)	229	229	228	227	226	226
Shares Outstanding (Diluted)	229	229	228	227	226	226
Shares Change (YoY)	0.30%	0.35%	0.37%	0.35%	0.09%	9.43%
EPS (Basic)	33.78	214.57	194.68	176.84	191.06	120.97
EPS (Diluted)	33.78	214.45	194.52	176.66	190.85	120.97
EPS Growth	-83.65%	10.25%	10.11%	-7.44%	57.76%	-17.82%
Free Cash Flow	18,363	25,757	16,156	-7,596	26,597	26,285
Free Cash Flow Per Share	80.14	112.55	70.84	-33.43	117.47	116.19
Dividend Per Share	43.000	75.000	64.000	56.000	56.000	-
Dividend Growth	-34.85%	17.19%	14.29%	-	-	-
Gross Margin	22.01%	21.52%	21.50%	19.91%	22.41%	22.43%
Operating Margin	2.75%	6.17%	6.30%	5.38%	6.89%	5.88%
Profit Margin	0.71%	4.56%	4.33%	3.99%	4.86%	3.39%
Free Cash Flow Margin	1.69%	2.39%	1.58%	-0.76%	2.99%	3.26%
EBITDA	80,882	115,655	111,143	99,005	104,642	86,491
EBITDA Margin	7.46%	10.75%	10.85%	9.85%	11.77%	10.72%
D&A For EBITDA	51,071	49,231	46,590	44,987	43,378	39,033
EBIT	29,811	66,424	64,553	54,018	61,264	47,458
EBIT Margin	2.75%	6.17%	6.30%	5.38%	6.89%	5.88%
Effective Tax Rate	67.92%	31.86%	30.83%	29.56%	27.75%	38.86%

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