Nissha Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	194,898	195,598	167,726	193,963	189,285
Revenue Growth (YoY)	-0.36%	16.62%	-13.53%	2.47%	5.16%
Cost of Revenue	151,203	151,800	135,103	151,540	144,814
Gross Profit	43,695	43,798	32,623	42,423	44,471
Selling, General & Admin	38,408	29,810	25,716	24,731	21,588
Research & Development	-	4,437	4,656	3,973	2,947
Other Operating Expenses	887	593	191	476	666
Operating Expenses	39,295	37,719	33,191	31,623	27,827
Operating Income	4,400	6,079	-568	10,800	16,644
Interest Expense	-1,925	-1,602	-1,579	-900	-883
Interest & Investment Income	1,435	817	832	461	425
Earnings From Equity Investments	-358	-331	-243	-57	-44
Currency Exchange Gain (Loss)	-	1,359	1,552	3,749	2,974
Other Non Operating Income (Expenses)	-2	59	297	175	-7
EBT Excluding Unusual Items	3,550	6,381	291	14,228	19,109
Merger & Restructuring Charges	-	-	-166	-	-
Gain (Loss) on Sale of Investments	-	-61	-155	-293	462
Gain (Loss) on Sale of Assets	-	-108	-9	-102	42
Asset Writedown	-	-	-2,722	-1,461	-114
Pretax Income	3,550	6,212	-2,761	12,372	19,499
Income Tax Expense	2,168	2,185	252	2,253	3,658
Earnings From Continuing Operations	1,382	4,027	-3,013	10,119	15,841
Minority Interest in Earnings	-381	-165	25	21	18
Net Income	1,001	3,862	-2,988	10,140	15,859
Net Income to Common	1,001	3,862	-2,988	10,140	15,859
Net Income Growth	-74.08%	-	-	-36.06%	124.35%
Shares Outstanding (Basic)	47	48	49	50	50
Shares Outstanding (Diluted)	47	48	49	50	50
Shares Change (YoY)	-1.61%	-1.43%	-1.81%	-0.42%	-2.43%
EPS (Basic)	21.11	80.14	-61.12	203.64	318.35
EPS (Diluted)	21.11	80.14	-61.12	203.64	317.16
EPS Growth	-73.66%	-	-	-35.79%	129.93%
Free Cash Flow	4,032	5,602	-2,944	6,585	12,129
Free Cash Flow Per Share	85.04	116.25	-60.22	132.25	242.56
Dividend Per Share	-	50.000	50.000	50.000	-
Gross Margin	22.42%	22.39%	19.45%	21.87%	23.49%
Operating Margin	2.26%	3.11%	-0.34%	5.57%	8.79%
Profit Margin	0.51%	1.97%	-1.78%	5.23%	8.38%
Free Cash Flow Margin	2.07%	2.86%	-1.75%	3.40%	6.41%
EBITDA	14,760	15,592	8,569	20,287	25,902
EBITDA Margin	7.57%	7.97%	5.11%	10.46%	13.68%
D&A For EBITDA	10,360	9,513	9,137	9,487	9,258
EBIT	4,400	6,079	-568	10,800	16,644
EBIT Margin	2.26%	3.11%	-0.34%	5.57%	8.79%
Effective Tax Rate	61.07%	35.17%	-	18.21%	18.76%

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