Kewpie Corporation (FRA:QPJ)

Kewpie Income Statement

Financials in millions JPY. Fiscal year is December - November.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 30, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Revenue	513,417	483,985	455,086	430,304	407,039
Revenue Growth (YoY)	6.08%	6.35%	5.76%	5.72%	-23.36%
Cost of Revenue	362,490	336,217	332,755	306,114	282,807
Gross Profit	150,927	147,768	122,331	124,190	124,232
Selling, General & Admin	116,298	105,816	95,672	92,324	90,013
Research & Development	-	3,865	3,956	3,912	4,033
Operating Expenses	116,735	113,644	102,839	98,755	96,260
Operating Income	34,192	34,124	19,492	25,435	27,972
Interest Expense	-265	-295	-393	-255	-241
Interest & Investment Income	1,348	1,250	1,008	711	532
Earnings From Equity Investments	1,632	1,371	-343	928	998
Other Non Operating Income (Expenses)	479	423	725	428	435
EBT Excluding Unusual Items	37,386	36,873	20,489	27,247	29,696
Gain (Loss) on Sale of Investments	-268	-435	3,726	1,544	969
Gain (Loss) on Sale of Assets	11,367	54	20	39	459
Asset Writedown	-1,071	-2,449	-2,217	-2,037	-2,184
Other Unusual Items	102	-406	56	-164	-81
Pretax Income	47,516	33,637	22,074	26,629	28,859
Income Tax Expense	13,627	9,228	6,550	8,264	8,590
Earnings From Continuing Operations	33,889	24,409	15,524	18,365	20,269
Minority Interest in Earnings	-3,383	-2,990	-2,350	-2,332	-2,255
Net Income	30,506	21,419	13,174	16,033	18,014
Net Income to Common	30,506	21,419	13,174	16,033	18,014
Net Income Growth	42.43%	62.59%	-17.83%	-11.00%	58.32%
Shares Outstanding (Basic)	138	139	139	139	141
Shares Outstanding (Diluted)	138	139	139	139	141
Shares Change (YoY)	-0.53%	-0.00%	-0.00%	-1.10%	-1.74%
EPS (Basic)	220.63	154.09	94.77	115.34	128.16
EPS (Diluted)	220.63	154.09	94.77	115.34	128.16
EPS Growth	43.18%	62.59%	-17.83%	-10.01%	61.12%
Free Cash Flow	16,208	45,002	8,561	14,717	30,790
Free Cash Flow Per Share	117.22	323.75	61.59	105.88	219.06
Dividend Per Share	54.000	54.000	50.000	47.000	47.000
Dividend Growth	-	8.00%	6.38%	-	17.50%
Gross Margin	29.40%	30.53%	26.88%	28.86%	30.52%
Operating Margin	6.66%	7.05%	4.28%	5.91%	6.87%
Profit Margin	5.94%	4.43%	2.90%	3.73%	4.43%
Free Cash Flow Margin	3.16%	9.30%	1.88%	3.42%	7.56%
EBITDA	52,491	51,842	36,609	41,684	43,506
EBITDA Margin	10.22%	10.71%	8.04%	9.69%	10.69%
D&A For EBITDA	18,299	17,718	17,117	16,249	15,534
EBIT	34,192	34,124	19,492	25,435	27,972
EBIT Margin	6.66%	7.05%	4.28%	5.91%	6.87%
Effective Tax Rate	28.68%	27.43%	29.67%	31.03%	29.77%
Advertising Expenses	-	17,503	14,393	13,485	12,751

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