MEGMILK SNOW BRAND 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	611,832	615,819	605,424	584,308	558,403	615,186
Revenue Growth (YoY)	0.52%	1.72%	3.61%	4.64%	-9.23%	0.29%
Cost of Revenue	509,449	514,319	507,142	497,117	468,961	472,574
Gross Profit	102,383	101,500	98,282	87,191	89,442	142,612
Selling, General & Admin	84,940	82,372	79,802	74,139	71,454	120,752
Operating Expenses	84,940	82,374	79,821	74,136	71,382	122,831
Operating Income	17,443	19,126	18,461	13,055	18,060	19,781
Interest Expense	-404	-363	-370	-361	-388	-410
Interest & Investment Income	1,025	1,021	1,186	1,013	768	744
Earnings From Equity Investments	1,014	662	578	559	1,015	1,233
Other Non Operating Income (Expenses)	156	-184	32	212	532	313
EBT Excluding Unusual Items	19,234	20,262	19,887	14,478	19,987	21,661
Gain (Loss) on Sale of Investments	18,737	329	11,535	947	-522	18
Gain (Loss) on Sale of Assets	-841	1,206	25	36	-25	2,201
Asset Writedown	-5,053	-3,161	-3,486	-2,528	-2,215	-2,768
Other Unusual Items	-379	-120	-78	58	-	42
Pretax Income	31,698	18,516	27,883	12,991	17,225	21,154
Income Tax Expense	8,291	4,439	8,299	3,812	4,998	6,177
Earnings From Continuing Operations	23,407	14,077	19,584	9,179	12,227	14,977
Minority Interest in Earnings	159	-173	-154	-50	-159	-64
Net Income	23,566	13,904	19,430	9,129	12,068	14,913
Net Income to Common	23,566	13,904	19,430	9,129	12,068	14,913
Net Income Growth	20.54%	-28.44%	112.84%	-24.35%	-19.08%	22.59%
Shares Outstanding (Basic)	64	68	68	68	68	68
Shares Outstanding (Diluted)	64	68	68	68	68	68
Shares Change (YoY)	-4.67%	-0.04%	0.01%	0.01%	-0.09%	-0.15%
EPS (Basic)	366.42	205.93	287.66	135.16	178.69	220.62
EPS (Diluted)	366.42	205.93	287.66	135.16	178.69	220.62
EPS Growth	26.44%	-28.41%	112.83%	-24.36%	-19.00%	22.78%
Free Cash Flow	-5,654	167	11,881	7,037	9,450	-4,555
Free Cash Flow Per Share	-87.91	2.47	175.90	104.19	139.93	-67.39
Dividend Per Share	80.000	80.000	80.000	60.000	60.000	40.000
Dividend Growth	-	-	33.33%	-	50.00%	-
Gross Margin	16.73%	16.48%	16.23%	14.92%	16.02%	23.18%
Operating Margin	2.85%	3.11%	3.05%	2.23%	3.23%	3.21%
Profit Margin	3.85%	2.26%	3.21%	1.56%	2.16%	2.42%
Free Cash Flow Margin	-0.92%	0.03%	1.96%	1.20%	1.69%	-0.74%
EBITDA	34,768	36,556	36,164	30,355	35,117	35,787
EBITDA Margin	5.68%	5.94%	5.97%	5.20%	6.29%	5.82%
D&A For EBITDA	17,325	17,430	17,703	17,300	17,057	16,006
EBIT	17,443	19,126	18,461	13,055	18,060	19,781
EBIT Margin	2.85%	3.11%	3.05%	2.23%	3.23%	3.21%
Effective Tax Rate	26.16%	23.97%	29.76%	29.34%	29.02%	29.20%
Advertising Expenses	-	6,283	6,896	4,539	2,602	40,798

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