Zensho Holdings 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	1,226,615	1,136,684	965,778	779,964	658,503	595,048
Revenue Growth (YoY)	10.93%	17.70%	23.82%	18.45%	10.66%	-5.61%
Cost of Revenue	560,859	514,475	441,727	365,093	310,879	254,469
Gross Profit	665,756	622,209	524,051	414,871	347,624	340,579
Selling, General & Admin	587,807	547,080	470,342	393,137	338,391	328,490
Operating Expenses	587,807	547,080	470,342	393,137	338,391	328,964
Operating Income	77,949	75,129	53,709	21,734	9,233	11,615
Interest Expense	-6,757	-5,736	-3,790	-2,849	-2,677	-2,225
Interest & Investment Income	2,624	2,102	855	481	524	385
Earnings From Equity Investments	16	21	6	7	5	7
Currency Exchange Gain (Loss)	1,913	548	-147	1,756	908	208
Other Non Operating Income (Expenses)	21	-175	279	6,950	15,124	2,225
EBT Excluding Unusual Items	75,766	71,889	50,912	28,079	23,117	12,215
Gain (Loss) on Sale of Assets	-2,548	-91	64	-	-	-
Asset Writedown	-7,267	-7,370	-3,240	-4,205	-8,684	-5,442
Other Unusual Items	-1,818	-927	-211	-388	11,846	-1,336
Pretax Income	64,133	63,501	47,525	23,486	26,279	5,437
Income Tax Expense	23,452	24,198	16,816	10,209	12,387	3,261
Earnings From Continuing Operations	40,681	39,303	30,709	13,277	13,892	2,176
Minority Interest in Earnings	12	-13	-16	-12	-23	83
Net Income	40,693	39,290	30,693	13,265	13,869	2,259
Preferred Dividends & Other Adjustments	1,620	1,620	812	-	-	-
Net Income to Common	39,073	37,670	29,881	13,265	13,869	2,259
Net Income Growth	-5.31%	28.01%	131.38%	-4.35%	513.94%	-81.14%
Shares Outstanding (Basic)	156	157	153	152	152	153
Shares Outstanding (Diluted)	156	157	153	152	152	153
Shares Change (YoY)	-0.13%	2.45%	0.64%	-0.12%	-0.26%	2.25%
EPS (Basic)	249.45	240.45	195.41	87.30	91.17	14.81
EPS (Diluted)	249.45	240.45	195.41	87.30	91.17	14.81
EPS Growth	-7.32%	23.05%	123.83%	-4.24%	515.52%	-81.56%
Free Cash Flow	-	17,433	45,865	22,095	17,917	9,400
Free Cash Flow Per Share	-	111.28	299.93	145.41	117.78	61.63
Dividend Per Share	70.000	70.000	50.000	24.000	22.000	20.000
Dividend Growth	16.67%	40.00%	108.33%	9.09%	10.00%	-
Gross Margin	-	54.74%	54.26%	53.19%	52.79%	57.24%
Operating Margin	6.35%	6.61%	5.56%	2.79%	1.40%	1.95%
Profit Margin	3.19%	3.31%	3.09%	1.70%	2.11%	0.38%
Free Cash Flow Margin	-	1.53%	4.75%	2.83%	2.72%	1.58%
EBITDA	134,724	123,089	89,916	53,753	39,116	38,111
EBITDA Margin	-	10.83%	9.31%	6.89%	5.94%	6.40%
D&A For EBITDA	56,775	47,960	36,207	32,019	29,883	26,496
EBIT	77,949	75,129	53,709	21,734	9,233	11,615
EBIT Margin	-	6.61%	5.56%	2.79%	1.40%	1.95%
Effective Tax Rate	-	38.11%	35.38%	43.47%	47.14%	59.98%

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