Tokyu Fudosan Holdings 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	Sep '25 Sep 30, 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	1,238,301	1,150,301	1,103,047	1,005,836	989,049	907,735
Revenue Growth (YoY)	11.00%	4.28%	9.66%	1.70%	8.96%	-5.76%
Cost of Revenue	958,928	904,983	887,013	808,685	795,146	742,940
Gross Profit	279,373	245,318	216,034	197,151	193,903	164,795
Selling, General & Admin	110,640	104,553	95,795	86,740	110,085	108,277
Operating Expenses	110,640	104,553	95,795	86,740	110,085	108,277
Operating Income	168,733	140,765	120,239	110,411	83,818	56,518
Interest Expense	-17,153	-14,002	-12,017	-10,748	-11,087	-11,896
Interest & Investment Income	1,151	930	1,078	526	561	1,000
Earnings From Equity Investments	100	25	25	-560	144	87
Currency Exchange Gain (Loss)	-80	-83	222	191	108	349
Other Non Operating Income (Expenses)	887	1,237	710	-701	-1,003	19
EBT Excluding Unusual Items	153,638	128,872	110,257	99,119	72,541	46,077
Gain (Loss) on Sale of Investments	13,097	3,664	-348	495	159	4,586
Gain (Loss) on Sale of Assets	-	-	-	1,806	5,944	-2,399
Asset Writedown	-1,289	-1,403	-6,555	-31,107	-22,273	-2,531
Other Unusual Items	-8,569	-8,804	-368	-163	-634	-4,370
Pretax Income	156,877	122,329	102,986	70,150	55,873	41,840
Income Tax Expense	51,637	43,938	33,480	21,835	19,892	20,206
Earnings From Continuing Operations	105,240	78,391	69,506	48,315	35,981	21,634
Minority Interest in Earnings	-577	-829	-961	-88	-848	34
Net Income	104,663	77,562	68,545	48,227	35,133	21,668
Net Income to Common	104,663	77,562	68,545	48,227	35,133	21,668
Net Income Growth	89.40%	13.15%	42.13%	37.27%	62.14%	-43.88%
Shares Outstanding (Basic)	715	714	711	718	719	719
Shares Outstanding (Diluted)	715	714	711	718	719	719
Shares Change (YoY)	0.35%	0.37%	-0.90%	-0.25%	0.02%	0.02%
EPS (Basic)	146.42	108.69	96.40	67.21	48.84	30.13
EPS (Diluted)	146.42	108.69	96.40	67.21	48.84	30.13
EPS Growth	88.73%	12.74%	43.43%	37.61%	62.12%	-43.89%
Free Cash Flow	-6,376	-23,103	-88,850	10,114	30,190	143
Free Cash Flow Per Share	-8.92	-32.37	-124.96	14.10	41.97	0.20
Dividend Per Share	41.500	36.500	31.000	23.500	17.000	16.000
Dividend Growth	22.06%	17.74%	31.91%	38.23%	6.25%	-
Gross Margin	22.56%	21.33%	19.59%	19.60%	19.61%	18.15%
Operating Margin	13.63%	12.24%	10.90%	10.98%	8.48%	6.23%
Profit Margin	8.45%	6.74%	6.21%	4.79%	3.55%	2.39%
Free Cash Flow Margin	-0.52%	-2.01%	-8.05%	1.01%	3.05%	0.02%
EBITDA	231,820	196,554	169,916	160,160	132,537	101,657
EBITDA Margin	18.72%	17.09%	15.40%	15.92%	13.40%	11.20%
D&A For EBITDA	63,087	55,789	49,677	49,749	48,719	45,139
EBIT	168,733	140,765	120,239	110,411	83,818	56,518
EBIT Margin	13.63%	12.24%	10.90%	10.98%	8.48%	6.23%
Effective Tax Rate	32.92%	35.92%	32.51%	31.13%	35.60%	48.29%
Advertising Expenses	-	13,034	11,775	-	-	-

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