Nakanishi Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	79,172	77,041	59,692	48,671	44,857	33,055
Revenue Growth (YoY)	5.43%	29.06%	22.64%	8.50%	35.70%	-6.67%
Cost of Revenue	34,137	32,623	23,568	17,450	17,563	13,324
Gross Profit	45,034	44,418	36,124	31,221	27,294	19,731
Selling, General & Admin	27,259	25,790	19,893	15,005	12,845	10,472
Amortization of Goodwill & Intangibles	1,655	1,655	549	55	54	49
Operating Expenses	31,291	29,822	21,858	15,832	13,544	11,188
Operating Income	13,744	14,596	14,266	15,389	13,750	8,543
Interest Expense	-150.75	-67	-13	-2	-3	-3
Interest & Investment Income	1,232	1,067	656	741	285	190
Earnings From Equity Investments	-	-	-100	812	284	-17
Currency Exchange Gain (Loss)	911.24	1,020	2,088	610	-496	-293
Other Non Operating Income (Expenses)	198.7	665	339	94	130	207
EBT Excluding Unusual Items	15,935	17,281	17,236	17,644	13,950	8,627
Gain (Loss) on Sale of Investments	-388.51	-389	11,698	-	17	437
Gain (Loss) on Sale of Assets	3.06	-2	-1	30	-	1
Asset Writedown	-2,956	-2,945	-28	-378	-31	-3
Other Unusual Items	-233.89	-287	-99	-1	-	-
Pretax Income	12,709	13,658	28,806	17,295	13,936	9,062
Income Tax Expense	6,032	5,081	5,969	4,823	3,833	2,607
Earnings From Continuing Operations	6,678	8,577	22,837	12,472	10,103	6,455
Minority Interest in Earnings	0.66	-	-2	-1	-1	-
Net Income	6,678	8,577	22,835	12,471	10,102	6,455
Net Income to Common	6,678	8,577	22,835	12,471	10,102	6,455
Net Income Growth	-23.06%	-62.44%	83.10%	23.45%	56.50%	-9.11%
Shares Outstanding (Basic)	83	85	85	86	87	87
Shares Outstanding (Diluted)	83	85	85	86	87	87
Shares Change (YoY)	-1.51%	-0.65%	-0.60%	-0.91%	-0.12%	0.01%
EPS (Basic)	79.61	101.36	268.03	145.47	116.72	74.49
EPS (Diluted)	79.37	101.06	267.29	145.11	116.47	74.34
EPS Growth	-22.18%	-62.19%	84.20%	24.59%	56.67%	-9.12%
Free Cash Flow	-	10,476	2,923	4,294	10,201	8,320
Free Cash Flow Per Share	-	123.42	34.21	49.96	117.61	95.81
Dividend Per Share	52.000	52.000	50.000	46.000	-	30.000
Dividend Growth	-	4.00%	8.70%	-	-	-
Gross Margin	-	57.66%	60.52%	64.15%	60.85%	59.69%
Operating Margin	17.36%	18.95%	23.90%	31.62%	30.65%	25.85%
Profit Margin	8.43%	11.13%	38.26%	25.62%	22.52%	19.53%
Free Cash Flow Margin	-	13.60%	4.90%	8.82%	22.74%	25.17%
EBITDA	21,396	20,459	17,744	17,493	15,611	10,351
EBITDA Margin	-	26.56%	29.73%	35.94%	34.80%	31.31%
D&A For EBITDA	7,652	5,863	3,478	2,104	1,861	1,808
EBIT	13,744	14,596	14,266	15,389	13,750	8,543
EBIT Margin	-	18.95%	23.90%	31.62%	30.65%	25.85%
Effective Tax Rate	-	37.20%	20.72%	27.89%	27.50%	28.77%
Advertising Expenses	-	5,147	3,326	2,283	1,861	1,285

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