Kokuyo 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	351,871	338,227	328,753	300,929	320,170	300,644
Revenue Growth (YoY)	3.98%	2.88%	9.25%	-6.01%	6.49%	-6.11%
Cost of Revenue	211,299	205,306	201,360	184,258	204,462	193,257
Gross Profit	140,572	132,921	127,393	116,671	115,708	107,387
Selling, General & Admin	114,939	110,892	103,561	97,350	95,703	92,579
Operating Expenses	114,935	110,888	103,555	97,337	95,690	92,579
Operating Income	25,637	22,033	23,838	19,334	20,018	14,808
Interest Expense	-177	-219	-194	-183	-174	-213
Interest & Investment Income	1,129	1,208	916	866	847	762
Earnings From Equity Investments	222	237	223	570	-5,202	-1,604
Currency Exchange Gain (Loss)	209	956	452	162	999	19
Other Non Operating Income (Expenses)	67	278	811	796	240	478
EBT Excluding Unusual Items	27,087	24,493	26,046	21,545	16,728	14,250
Gain (Loss) on Sale of Investments	11,558	10,186	1,930	1,861	2,650	138
Gain (Loss) on Sale of Assets	934	4,783	25	198	2,555	448
Asset Writedown	-5,229	-5,229	-112	-30	-5	-2,479
Other Unusual Items	-67	-104	-97	-210	-129	-15
Pretax Income	34,283	34,129	27,792	23,364	21,799	12,342
Income Tax Expense	12,023	12,200	8,517	4,805	7,993	4,109
Earnings From Continuing Operations	22,260	21,929	19,275	18,559	13,806	8,233
Minority Interest in Earnings	-124	-142	-206	-184	-103	64
Net Income	22,136	21,787	19,069	18,375	13,703	8,297
Net Income to Common	22,136	21,787	19,069	18,375	13,703	8,297
Net Income Growth	-3.34%	14.25%	3.78%	34.09%	65.16%	-45.78%
Shares Outstanding (Basic)	437	454	461	462	469	473
Shares Outstanding (Diluted)	437	454	461	462	469	473
Shares Change (YoY)	-	-1.54%	-0.37%	-1.52%	-0.80%	0.03%
EPS (Basic)	49.24	48.04	41.40	39.74	29.19	17.53
EPS (Diluted)	49.24	48.04	41.40	39.74	29.19	17.53
EPS Growth	-	16.04%	4.16%	36.16%	66.48%	-45.80%
Free Cash Flow	9,106	12,065	30,366	6,314	17,801	14,902
Free Cash Flow Per Share	20.84	26.60	65.92	13.66	37.92	31.49
Dividend Per Share	21.250	19.250	16.625	14.250	11.750	9.750
Dividend Growth	-	15.79%	16.67%	21.28%	20.51%	-
Gross Margin	-	39.30%	38.75%	38.77%	36.14%	35.72%
Operating Margin	7.29%	6.51%	7.25%	6.42%	6.25%	4.92%
Profit Margin	6.29%	6.44%	5.80%	6.11%	4.28%	2.76%
Free Cash Flow Margin	2.59%	3.57%	9.24%	2.10%	5.56%	4.96%
EBITDA	34,109	30,993	31,928	26,242	26,943	20,954
EBITDA Margin	-	9.16%	9.71%	8.72%	8.42%	6.97%
D&A For EBITDA	8,472	8,960	8,090	6,908	6,925	6,146
EBIT	25,637	22,033	23,838	19,334	20,018	14,808
EBIT Margin	-	6.51%	7.25%	6.42%	6.25%	4.92%
Effective Tax Rate	-	35.75%	30.64%	20.57%	36.67%	33.29%

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