Nippon Express Holdings Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Mar '21 Mar 31, 2021	Mar '20 Mar 31, 2020
Revenue	2,586,038	2,577,643	2,239,017	2,618,659	2,079,195	2,080,352
Revenue Growth (YoY)	4.96%	15.12%	-14.50%	25.95%	-0.06%	-2.72%
Cost of Revenue	2,352,244	2,355,951	2,011,471	2,342,812	1,885,888	1,911,049
Gross Profit	233,794	221,692	227,546	275,847	193,307	169,303
Selling, General & Admin	163,914	131,803	121,452	113,722	105,228	100,891
Other Operating Expenses	17,033	10,172	15,042	7,589	-	-
Operating Expenses	180,947	160,881	153,791	137,466	115,206	110,078
Operating Income	52,847	60,811	73,755	138,381	78,101	59,225
Interest Expense	-17,218	-7,665	-4,177	-1,758	-2,878	-2,864
Interest & Investment Income	12,133	6,910	6,000	3,669	3,363	4,224
Earnings From Equity Investments	161	2,097	1,786	385	-38	-6,660
Currency Exchange Gain (Loss)	-	3,772	909	4,609	-200	1,313
Other Non Operating Income (Expenses)	-4	-211	-1,623	-1,864	2,795	1,962
EBT Excluding Unusual Items	47,919	65,714	76,650	143,422	81,143	57,200
Gain (Loss) on Sale of Investments	-	-	-	-	15,211	1,495
Gain (Loss) on Sale of Assets	-795	-4,082	-7,176	56,150	-1,489	-4,710
Asset Writedown	-	-9,747	-8,266	-39,406	-12,835	-13,928
Other Unusual Items	-	-	-	-	2,788	-1,665
Pretax Income	47,124	51,885	61,208	160,166	84,818	38,392
Income Tax Expense	20,599	18,885	26,096	48,594	27,019	19,874
Earnings From Continuing Operations	26,525	33,000	35,112	111,572	57,799	18,518
Minority Interest in Earnings	-1,518	-1,267	1,938	-3,254	-1,697	-1,109
Net Income	25,007	31,733	37,050	108,318	56,102	17,409
Net Income to Common	25,007	31,733	37,050	108,318	56,102	17,409
Net Income Growth	0.09%	-14.35%	-65.80%	93.07%	222.26%	-64.71%
Shares Outstanding (Basic)	245	261	266	270	278	282
Shares Outstanding (Diluted)	245	261	266	270	278	282
Shares Change (YoY)	-6.74%	-1.62%	-1.75%	-2.88%	-1.40%	-1.76%
EPS (Basic)	102.25	121.47	139.53	400.78	201.60	61.68
EPS (Diluted)	102.25	121.47	139.53	400.78	201.60	61.68
EPS Growth	7.32%	-12.94%	-65.19%	98.80%	226.82%	-64.08%
Free Cash Flow	183,754	170,186	132,992	251,209	19,446	6,082
Free Cash Flow Per Share	751.32	651.43	500.83	929.47	69.88	21.55
Dividend Per Share	100.000	100.000	100.000	83.333	-	51.667
Dividend Growth	-	-	20.00%	-	-	-
Gross Margin	9.04%	8.60%	10.16%	10.53%	9.30%	8.14%
Operating Margin	2.04%	2.36%	3.29%	5.28%	3.76%	2.85%
Profit Margin	0.97%	1.23%	1.65%	4.14%	2.70%	0.84%
Free Cash Flow Margin	7.11%	6.60%	5.94%	9.59%	0.94%	0.29%
EBITDA	243,370	244,249	226,310	279,840	141,693	120,091
EBITDA Margin	9.41%	9.48%	10.11%	10.69%	6.82%	5.77%
D&A For EBITDA	190,523	183,438	152,555	141,459	63,592	60,866
EBIT	52,847	60,811	73,755	138,381	78,101	59,225
EBIT Margin	2.04%	2.36%	3.29%	5.28%	3.76%	2.85%
Effective Tax Rate	43.71%	36.40%	42.63%	30.34%	31.86%	51.77%
Advertising Expenses	-	4,962	4,787	4,658	3,389	4,157

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