Bunka Shutter 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	2016 - 2020
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	2016 - 2020
Revenue	231,397	228,419	221,076	199,179	182,313	173,143	Upgrade
Revenue Growth (YoY)	2.98%	3.32%	10.99%	9.25%	5.30%	-6.02%	Upgrade
Cost of Revenue	168,023	165,936	161,727	149,109	135,340	126,348	Upgrade
Gross Profit	63,374	62,483	59,349	50,070	46,973	46,795	Upgrade
Selling, General & Admin	44,663	43,745	41,597	37,972	35,488	34,031	Upgrade
Amortization of Goodwill & Intangibles	1,082	1,082	737	317	421	441	Upgrade
Operating Expenses	48,674	47,756	44,876	40,385	37,866	36,280	Upgrade
Operating Income	14,700	14,727	14,473	9,685	9,107	10,515	Upgrade
Interest Expense	-549	-509	-389	-221	-216	-198	Upgrade
Interest & Investment Income	463	444	317	277	297	309	Upgrade
Earnings From Equity Investments	727	514	448	148	-769	354	Upgrade
Currency Exchange Gain (Loss)	-386	-769	791	-162	374	682	Upgrade
Other Non Operating Income (Expenses)	57	243	179	144	287	246	Upgrade
EBT Excluding Unusual Items	15,012	14,650	15,819	9,871	9,080	11,908	Upgrade
Gain (Loss) on Sale of Investments	1,279	1,197	15	382	1,099	243	Upgrade
Gain (Loss) on Sale of Assets	275	116	129	1,582	11	19	Upgrade
Asset Writedown	-73	-104	-91	-282	-14	-29	Upgrade
Legal Settlements	-	-	-	-140	-	-	Upgrade
Other Unusual Items	2,784	2,783	-	-	-	85	Upgrade
Pretax Income	19,277	18,642	15,872	11,413	10,176	12,226	Upgrade
Income Tax Expense	5,580	5,477	5,273	3,498	3,451	3,808	Upgrade
Earnings From Continuing Operations	13,697	13,165	10,599	7,915	6,725	8,418	Upgrade
Minority Interest in Earnings	-1	-7	-17	-16	-19	-19	Upgrade
Net Income	13,696	13,158	10,582	7,899	6,706	8,399	Upgrade
Net Income to Common	13,696	13,158	10,582	7,899	6,706	8,399	Upgrade
Net Income Growth	41.02%	24.34%	33.97%	17.79%	-20.16%	27.20%	Upgrade
Shares Outstanding (Basic)	71	71	67	65	68	72	Upgrade
Shares Outstanding (Diluted)	71	71	67	75	78	81	Upgrade
Shares Change (YoY)	-0.20%	5.63%	-10.26%	-4.26%	-3.72%	0.07%	Upgrade
EPS (Basic)	192.94	184.94	157.11	121.65	97.96	117.15	Upgrade
EPS (Diluted)	192.94	184.94	157.11	105.25	85.55	103.15	Upgrade
EPS Growth	41.30%	17.72%	49.27%	23.03%	-17.06%	27.10%	Upgrade
Free Cash Flow	10,804	6,169	11,808	4,339	7,122	15,084	Upgrade
Free Cash Flow Per Share	152.20	86.71	175.31	57.81	90.85	185.24	Upgrade
Dividend Per Share	79.000	74.000	55.000	42.000	40.000	40.000	Upgrade
Dividend Growth	19.70%	34.54%	30.95%	5.00%	-	60.00%	Upgrade
Gross Margin	27.39%	27.36%	26.85%	25.14%	25.77%	27.03%	Upgrade
Operating Margin	6.35%	6.45%	6.55%	4.86%	5.00%	6.07%	Upgrade
Profit Margin	5.92%	5.76%	4.79%	3.97%	3.68%	4.85%	Upgrade
Free Cash Flow Margin	4.67%	2.70%	5.34%	2.18%	3.91%	8.71%	Upgrade
EBITDA	21,146	21,147	19,914	14,108	13,564	14,788	Upgrade
EBITDA Margin	9.14%	9.26%	9.01%	7.08%	7.44%	8.54%	Upgrade
D&A For EBITDA	6,446	6,420	5,441	4,423	4,457	4,273	Upgrade
EBIT	14,700	14,727	14,473	9,685	9,107	10,515	Upgrade
EBIT Margin	6.35%	6.45%	6.55%	4.86%	5.00%	6.07%	Upgrade
Effective Tax Rate	28.95%	29.38%	33.22%	30.65%	33.91%	31.15%	Upgrade

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