Hikari Tsushin 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	730,239	686,553	601,948	643,984	578,269	559,429
Revenue Growth (YoY)	11.64%	14.06%	-6.53%	11.36%	3.37%	6.64%
Cost of Revenue	368,086	343,254	286,778	346,651	278,258	263,875
Gross Profit	362,153	343,299	315,170	297,333	300,011	295,554
Selling, General & Admin	254,732	238,566	219,753	228,648	227,829	229,412
Other Operating Expenses	461	-65	-84	-1,702	-3,295	-1,344
Operating Expenses	255,193	238,501	219,669	226,946	224,534	228,068
Operating Income	106,960	104,798	95,501	70,387	75,477	67,486
Interest Expense	-23,359	-11,942	-9,003	-7,799	-6,907	-5,897
Interest & Investment Income	53,599	36,189	30,581	18,039	11,163	8,205
Earnings From Equity Investments	25,483	18,141	20,855	16,322	13,018	5,354
Currency Exchange Gain (Loss)	-	-1,887	28,078	5,798	10,415	1,527
Other Non Operating Income (Expenses)	-97	516	4,251	-829	-2,162	-1,109
EBT Excluding Unusual Items	162,586	145,815	170,263	101,918	101,004	75,566
Merger & Restructuring Charges	-	-1,099	-965	-3,777	-	-
Impairment of Goodwill	-	-	-	3,327	-	-
Gain (Loss) on Sale of Investments	-	7,615	747	18,462	6,710	6,652
Gain (Loss) on Sale of Assets	-	-99	-125	-313	704	525
Asset Writedown	-	-1,515	-1,921	-1,139	-441	-573
Pretax Income	162,586	150,717	167,999	118,478	107,977	82,170
Income Tax Expense	30,996	29,430	44,255	23,482	16,751	22,857
Earnings From Continuing Operations	131,590	121,287	123,744	94,996	91,226	59,313
Minority Interest in Earnings	-4,180	-3,764	-1,519	-3,651	-3,866	-4,699
Net Income	127,410	117,523	122,225	91,345	87,360	54,614
Preferred Dividends & Other Adjustments	30	17	7	-	-	-
Net Income to Common	127,380	117,506	122,218	91,345	87,360	54,614
Net Income Growth	-15.72%	-3.85%	33.81%	4.56%	59.96%	5.70%
Shares Outstanding (Basic)	44	44	44	45	45	46
Shares Outstanding (Diluted)	44	44	44	45	45	46
Shares Change (YoY)	0.07%	-0.90%	-0.93%	-1.32%	-1.12%	-0.01%
EPS (Basic)	2902.36	2671.20	2753.53	2037.68	1923.21	1190.29
EPS (Diluted)	2899.65	2667.32	2747.46	2032.99	1919.70	1185.87
EPS Growth	-15.32%	-2.92%	35.14%	5.90%	61.88%	5.80%
Free Cash Flow	49,952	63,283	111,917	36,457	33,038	42,802
Free Cash Flow Per Share	1138.16	1437.76	2519.91	813.23	727.21	931.59
Dividend Per Share	733.000	661.000	588.000	545.000	491.000	456.000
Dividend Growth	15.07%	12.41%	7.89%	11.00%	7.67%	13.43%
Gross Margin	49.59%	50.00%	52.36%	46.17%	51.88%	52.83%
Operating Margin	14.65%	15.26%	15.87%	10.93%	13.05%	12.06%
Profit Margin	17.44%	17.11%	20.30%	14.18%	15.11%	9.76%
Free Cash Flow Margin	6.84%	9.22%	18.59%	5.66%	5.71%	7.65%
EBITDA	122,958	118,874	110,057	86,640	92,204	83,949
EBITDA Margin	16.84%	17.32%	18.28%	13.45%	15.95%	15.01%
D&A For EBITDA	15,998	14,076	14,556	16,253	16,727	16,463
EBIT	106,960	104,798	95,501	70,387	75,477	67,486
EBIT Margin	14.65%	15.26%	15.87%	10.93%	13.05%	12.06%
Effective Tax Rate	19.06%	19.53%	26.34%	19.82%	15.51%	27.82%

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