Tokyo Tatemono 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	474,586	463,724	375,946	349,940	340,477
Revenue Growth (YoY)	2.34%	23.35%	7.43%	2.78%	1.64%
Cost of Revenue	332,253	337,087	266,829	248,452	247,933
Gross Profit	142,333	126,637	109,117	101,488	92,544
Selling, General & Admin	46,568	42,144	35,038	32,844	30,024
Other Operating Expenses	-	4,822	3,570	4,165	3,735
Operating Expenses	46,327	46,966	38,608	37,009	33,759
Operating Income	96,006	79,671	70,509	64,479	58,785
Interest Expense	-13,888	-9,474	-7,367	-6,094	-7,110
Interest & Investment Income	4,813	4,892	4,807	3,649	5,357
Earnings From Equity Investments	-6,870	819	3,920	1,825	-10,804
Currency Exchange Gain (Loss)	145	2,159	-1,250	-	-
Other Non Operating Income (Expenses)	-1,777	-6,346	-1,149	-329	39
EBT Excluding Unusual Items	78,429	71,721	69,470	63,530	46,267
Gain (Loss) on Sale of Investments	12,057	27,728	2,720	876	10,569
Gain (Loss) on Sale of Assets	37	-	241	717	4
Asset Writedown	-2,118	-497	-307	-601	-481
Other Unusual Items	1	-2,499	-3,714	-1,773	-127
Pretax Income	88,406	96,453	68,410	62,749	56,232
Income Tax Expense	28,693	29,649	22,568	18,666	20,295
Earnings From Continuing Operations	59,713	66,804	45,842	44,083	35,937
Minority Interest in Earnings	-834	-922	-758	-1,021	-972
Net Income	58,879	65,882	45,084	43,062	34,965
Net Income to Common	58,879	65,882	45,084	43,062	34,965
Net Income Growth	-10.63%	46.13%	4.70%	23.16%	9.97%
Shares Outstanding (Basic)	208	209	209	209	209
Shares Outstanding (Diluted)	208	209	209	209	209
Shares Change (YoY)	-0.40%	-0.04%	0.01%	-0.02%	-0.04%
EPS (Basic)	283.08	315.49	215.82	206.15	167.35
EPS (Diluted)	283.08	315.49	215.82	206.15	167.35
EPS Growth	-10.27%	46.19%	4.69%	23.18%	10.01%
Free Cash Flow	-26,562	-106,258	-24,208	-25,827	46,503
Free Cash Flow Per Share	-127.70	-508.85	-115.88	-123.64	222.57
Dividend Per Share	-	95.000	73.000	65.000	51.000
Dividend Growth	-	30.14%	12.31%	27.45%	10.87%
Gross Margin	29.99%	27.31%	29.03%	29.00%	27.18%
Operating Margin	20.23%	17.18%	18.75%	18.43%	17.27%
Profit Margin	12.41%	14.21%	11.99%	12.31%	10.27%
Free Cash Flow Margin	-5.60%	-22.91%	-6.44%	-7.38%	13.66%
EBITDA	120,322	102,296	91,195	83,592	77,647
EBITDA Margin	25.35%	22.06%	24.26%	23.89%	22.80%
D&A For EBITDA	24,316	22,625	20,686	19,113	18,862
EBIT	96,006	79,671	70,509	64,479	58,785
EBIT Margin	20.23%	17.18%	18.75%	18.43%	17.27%
Effective Tax Rate	32.46%	30.74%	32.99%	29.75%	36.09%
Advertising Expenses	-	5,125	3,704	3,684	3,168

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