Business Engineering 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	22,964	20,776	19,493	18,506	17,760	17,855
Revenue Growth (YoY)	16.11%	6.58%	5.33%	4.20%	-0.53%	0.72%
Cost of Revenue	12,788	11,685	11,640	11,512	11,878	12,290
Gross Profit	10,176	9,091	7,853	6,994	5,882	5,565
Selling, General & Admin	4,423	4,291	3,832	3,632	3,364	3,446
Research & Development	124	124	135	116	105	86
Operating Expenses	4,547	4,415	3,967	3,748	3,469	3,532
Operating Income	5,629	4,676	3,886	3,246	2,413	2,033
Interest Expense	-3	-3	-2	-2	-4	-3
Interest & Investment Income	30	22	14	9	7	6
Currency Exchange Gain (Loss)	-6	-6	-2	-	3	-3
Other Non Operating Income (Expenses)	-9	-10	-20	-3	23	-9
EBT Excluding Unusual Items	5,641	4,679	3,876	3,250	2,442	2,024
Gain (Loss) on Sale of Investments	239	-	-	-	-	-
Pretax Income	5,880	4,679	3,876	3,250	2,442	2,024
Income Tax Expense	1,719	1,349	1,251	922	799	646
Net Income	4,161	3,330	2,625	2,328	1,643	1,378
Net Income to Common	4,161	3,330	2,625	2,328	1,643	1,378
Net Income Growth	46.51%	26.86%	12.76%	41.69%	19.23%	61.55%
Shares Outstanding (Basic)	60	60	60	60	60	59
Shares Outstanding (Diluted)	60	60	60	60	60	59
Shares Change (YoY)	-	-0.08%	-0.13%	0.36%	1.06%	0.66%
EPS (Basic)	69.50	55.62	43.81	38.80	27.48	23.29
EPS (Diluted)	69.50	55.62	43.81	38.80	27.48	23.29
EPS Growth	46.51%	26.96%	12.90%	41.19%	17.98%	60.49%
Free Cash Flow	4,614	3,414	3,502	3,246	2,223	2,505
Free Cash Flow Per Share	77.06	57.02	58.44	54.10	37.18	42.34
Dividend Per Share	27.200	20.000	15.600	12.800	8.400	7.000
Dividend Growth	54.55%	28.21%	21.88%	52.38%	20.00%	55.56%
Gross Margin	44.31%	43.76%	40.29%	37.79%	33.12%	31.17%
Operating Margin	24.51%	22.51%	19.93%	17.54%	13.59%	11.39%
Profit Margin	18.12%	16.03%	13.47%	12.58%	9.25%	7.72%
Free Cash Flow Margin	20.09%	16.43%	17.96%	17.54%	12.52%	14.03%
EBITDA	6,486	5,501	4,589	3,945	3,104	2,753
EBITDA Margin	28.24%	26.48%	23.54%	21.32%	17.48%	15.42%
D&A For EBITDA	857	825	703	699	691	720
EBIT	5,629	4,676	3,886	3,246	2,413	2,033
EBIT Margin	24.51%	22.51%	19.93%	17.54%	13.59%	11.39%
Effective Tax Rate	29.23%	28.83%	32.28%	28.37%	32.72%	31.92%

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