MDNDF 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
Operating Revenue	416,602	405,477	381,989	352,300	317,695
Revenue	416,602	405,477	381,989	352,300	317,695
Revenue Growth (YoY)	2.74%	6.15%	8.43%	10.89%	10.18%
Cost of Revenue	330,030	324,489	309,698	287,969	254,265
Gross Profit	86,572	80,988	72,291	64,331	63,430
Selling, General & Admin	33,313	29,292	27,997	30,523	28,911
Operating Expenses	33,399	32,948	31,427	30,524	28,876
Operating Income	53,173	48,040	40,864	33,807	34,554
Interest Expense	-8	-9	-8	-5	-9
Interest & Investment Income	247	154	144	93	91
Other Non Operating Income (Expenses)	454	1,151	1,083	426	731
EBT Excluding Unusual Items	53,866	49,336	42,083	34,321	35,367
Gain (Loss) on Sale of Investments	-	1,209	-	-	-
Gain (Loss) on Sale of Assets	-2,762	-1,498	-1,274	-2,079	-2,524
Asset Writedown	-740	-1,821	-2,040	-863	-319
Other Unusual Items	-207	-1	-1	-289	-37
Pretax Income	50,405	47,225	38,768	31,176	32,711
Income Tax Expense	16,496	15,264	13,605	11,239	8,766
Earnings From Continuing Operations	33,909	31,961	25,163	19,937	23,945
Net Income	33,909	31,961	25,163	19,937	23,945
Net Income to Common	33,909	31,961	25,163	19,937	23,945
Net Income Growth	6.09%	27.02%	26.21%	-16.74%	18.62%
Shares Outstanding (Basic)	133	133	133	133	133
Shares Outstanding (Diluted)	133	133	133	133	133
Shares Change (YoY)	0.00%	-	-0.00%	-	-
EPS (Basic)	255.03	240.38	189.26	149.95	180.09
EPS (Diluted)	255.03	240.38	189.26	149.95	180.09
EPS Growth	6.09%	27.02%	26.21%	-16.74%	18.62%
Free Cash Flow	15,709	13,496	18,917	-1	19,917
Free Cash Flow Per Share	118.15	101.51	142.28	-0.01	149.80
Dividend Per Share	56.000	49.000	42.000	39.000	39.000
Dividend Growth	14.29%	16.67%	7.69%	-	8.33%
Gross Margin	20.78%	19.97%	18.93%	18.26%	19.97%
Operating Margin	12.76%	11.85%	10.70%	9.60%	10.88%
Profit Margin	8.14%	7.88%	6.59%	5.66%	7.54%
Free Cash Flow Margin	3.77%	3.33%	4.95%	0.00%	6.27%
EBITDA	71,417	65,138	56,565	47,702	47,018
EBITDA Margin	17.14%	16.06%	14.81%	13.54%	14.80%
D&A For EBITDA	18,244	17,098	15,701	13,895	12,464
EBIT	53,173	48,040	40,864	33,807	34,554
EBIT Margin	12.76%	11.85%	10.70%	9.60%	10.88%
Effective Tax Rate	32.73%	32.32%	35.09%	36.05%	26.80%
Revenue as Reported	416,602	-	-	352,300	317,695
Advertising Expenses	-	8,330	7,730	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.