FRA:8WC 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	539,629	530,878	513,541	556,565	432,778	336,306	Upgrade
Revenue Growth (YoY)	3.80%	3.38%	-7.73%	28.60%	28.69%	0.87%	Upgrade
Cost of Revenue	467,171	456,094	439,224	490,942	375,791	275,916	Upgrade
Gross Profit	72,458	74,784	74,317	65,623	56,987	60,390	Upgrade
Selling, General & Admin	56,550	55,504	53,476	49,436	45,317	45,938	Upgrade
Amortization of Goodwill & Intangibles	-	-	-	-	-	31	Upgrade
Operating Expenses	56,550	55,504	53,476	49,436	45,317	48,065	Upgrade
Operating Income	15,908	19,280	20,841	16,187	11,670	12,325	Upgrade
Interest Expense	-2,101	-1,318	-1,080	-873	-536	-391	Upgrade
Interest & Investment Income	658	737	613	486	439	466	Upgrade
Earnings From Equity Investments	180	-584	-561	404	1,155	1,409	Upgrade
Currency Exchange Gain (Loss)	718	-4	-80	83	137	-	Upgrade
Other Non Operating Income (Expenses)	-37	154	449	96	-101	132	Upgrade
EBT Excluding Unusual Items	15,326	18,265	20,182	16,383	12,764	13,941	Upgrade
Gain (Loss) on Sale of Investments	170	2,812	851	1,339	907	289	Upgrade
Gain (Loss) on Sale of Assets	22,982	-177	699	9	-155	-106	Upgrade
Asset Writedown	-2,169	-486	-565	-2,409	-1,388	-2,030	Upgrade
Other Unusual Items	-560	-560	-	-	-35	98	Upgrade
Pretax Income	35,749	19,854	21,167	15,322	12,093	12,192	Upgrade
Income Tax Expense	10,657	5,721	5,552	4,005	3,360	4,054	Upgrade
Earnings From Continuing Operations	25,092	14,133	15,615	11,317	8,733	8,138	Upgrade
Minority Interest in Earnings	-1,254	-1,283	-467	-160	-138	1,106	Upgrade
Net Income	23,838	12,850	15,148	11,157	8,595	9,244	Upgrade
Net Income to Common	23,838	12,850	15,148	11,157	8,595	9,244	Upgrade
Net Income Growth	62.25%	-15.17%	35.77%	29.81%	-7.02%	11.47%	Upgrade
Shares Outstanding (Basic)	32	32	32	32	32	33	Upgrade
Shares Outstanding (Diluted)	32	32	32	32	32	33	Upgrade
Shares Change (YoY)	-0.65%	0.01%	0.01%	0.01%	-2.43%	-2.01%	Upgrade
EPS (Basic)	740.26	396.40	467.36	344.26	265.22	278.32	Upgrade
EPS (Diluted)	740.26	396.40	467.36	344.26	265.22	278.32	Upgrade
EPS Growth	63.32%	-15.18%	35.76%	29.80%	-4.71%	13.75%	Upgrade
Free Cash Flow	-16,873	5,692	21,952	-6,834	-36,769	-7,813	Upgrade
Free Cash Flow Per Share	-523.97	175.59	677.28	-210.87	-1134.60	-235.23	Upgrade
Dividend Per Share	180.000	180.000	170.000	120.000	90.000	80.000	Upgrade
Dividend Growth	-10.00%	5.88%	41.67%	33.33%	12.50%	-	Upgrade
Gross Margin	13.43%	14.09%	14.47%	11.79%	13.17%	17.96%	Upgrade
Operating Margin	2.95%	3.63%	4.06%	2.91%	2.70%	3.67%	Upgrade
Profit Margin	4.42%	2.42%	2.95%	2.00%	1.99%	2.75%	Upgrade
Free Cash Flow Margin	-3.13%	1.07%	4.28%	-1.23%	-8.50%	-2.32%	Upgrade
EBITDA	26,978	29,785	30,168	25,611	20,579	20,417	Upgrade
EBITDA Margin	5.00%	5.61%	5.88%	4.60%	4.75%	6.07%	Upgrade
D&A For EBITDA	11,070	10,505	9,327	9,424	8,909	8,092	Upgrade
EBIT	15,908	19,280	20,841	16,187	11,670	12,325	Upgrade
EBIT Margin	2.95%	3.63%	4.06%	2.91%	2.70%	3.67%	Upgrade
Effective Tax Rate	29.81%	28.82%	26.23%	26.14%	27.79%	33.25%	Upgrade
Advertising Expenses	-	-	-	-	-	4,429	Upgrade

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