Nippon Denko 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	77,277	78,235	76,406	79,341	65,978
Revenue Growth (YoY)	-1.23%	2.39%	-3.70%	20.25%	22.17%
Cost of Revenue	64,789	64,626	65,013	63,961	51,617
Gross Profit	12,488	13,609	11,393	15,380	14,361
Selling, General & Admin	6,640	6,163	6,020	6,005	5,571
Research & Development	683	588	631	559	353
Operating Expenses	7,323	6,751	6,651	6,564	5,924
Operating Income	5,165	6,858	4,742	8,816	8,437
Interest Expense	-575	-592	-545	-485	-479
Interest & Investment Income	265	358	352	360	256
Earnings From Equity Investments	-1,392	-1,096	-1,873	1,906	-223
Currency Exchange Gain (Loss)	-	-	142	307	190
Other Non Operating Income (Expenses)	-304	-311	2	-47	-688
EBT Excluding Unusual Items	3,159	5,217	2,820	10,857	7,493
Gain (Loss) on Sale of Investments	-	-	517	88	39
Gain (Loss) on Sale of Assets	-	-359	-354	-490	-624
Asset Writedown	-458	-	-28	-37	-542
Other Unusual Items	-187	-112	-3	-4	-221
Pretax Income	2,514	4,746	2,952	10,414	6,145
Income Tax Expense	1,096	1,602	-1,423	2,453	-1,626
Earnings From Continuing Operations	1,418	3,144	4,375	7,961	7,771
Minority Interest in Earnings	-	-	-	-12	-3
Net Income	1,418	3,144	4,375	7,949	7,768
Net Income to Common	1,418	3,144	4,375	7,949	7,768
Net Income Growth	-54.90%	-28.14%	-44.96%	2.33%	197.06%
Shares Outstanding (Basic)	133	137	137	146	147
Shares Outstanding (Diluted)	133	137	137	146	147
Shares Change (YoY)	-3.39%	-0.16%	-5.82%	-0.57%	0.08%
EPS (Basic)	10.69	22.91	31.82	54.45	52.91
EPS (Diluted)	10.69	22.91	31.82	54.45	52.91
EPS Growth	-53.32%	-28.02%	-41.56%	2.92%	196.81%
Free Cash Flow	9,741	1,659	3,985	1,737	2,528
Free Cash Flow Per Share	73.45	12.09	28.99	11.90	17.22
Dividend Per Share	11.000	11.000	9.000	17.000	16.000
Dividend Growth	-	22.22%	-47.06%	6.25%	220.00%
Gross Margin	16.16%	17.39%	14.91%	19.38%	21.77%
Operating Margin	6.68%	8.77%	6.21%	11.11%	12.79%
Profit Margin	1.84%	4.02%	5.73%	10.02%	11.77%
Free Cash Flow Margin	12.61%	2.12%	5.22%	2.19%	3.83%
EBITDA	8,830	10,103	7,687	11,279	10,561
EBITDA Margin	11.43%	12.91%	10.06%	14.22%	16.01%
D&A For EBITDA	3,665	3,245	2,945	2,463	2,124
EBIT	5,165	6,858	4,742	8,816	8,437
EBIT Margin	6.68%	8.77%	6.21%	11.11%	12.79%
Effective Tax Rate	43.60%	33.76%	-	23.55%	-

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