SG Holdings Co.,Ltd. (SGHHF)

Heartland Financial USA Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	1,512,116	1,479,239	1,316,940	1,434,609	1,588,375	1,312,085
Revenue Growth (YoY)	13.44%	12.32%	-8.20%	-9.68%	21.06%	11.81%
Cost of Revenue	1,351,087	1,318,809	1,162,949	1,237,566	1,376,284	1,163,195
Gross Profit	161,029	160,430	153,991	197,043	212,091	148,890
Selling, General & Admin	63,244	60,595	52,914	50,518	46,286	37,189
Other Operating Expenses	6,045	6,045	5,494	6,254	5,545	5,503
Operating Expenses	75,231	72,582	64,786	61,767	56,376	47,163
Operating Income	85,798	87,848	89,205	135,276	155,715	101,727
Interest Expense	-3,060	-2,559	-1,563	-1,566	-1,400	-1,251
Interest & Investment Income	1,396	1,395	1,481	855	893	545
Earnings From Equity Investments	283	221	190	128	126	629
Currency Exchange Gain (Loss)	264	-511	-946	742	3,076	37
Other Non Operating Income (Expenses)	2,582	2,473	2,483	2,505	1,878	1,978
EBT Excluding Unusual Items	87,263	88,867	90,850	137,940	160,288	103,665
Gain (Loss) on Sale of Investments	-	-	-199	49,787	2,471	11,334
Gain (Loss) on Sale of Assets	254	352	-96	21	-79	55
Asset Writedown	-777	-790	-2,038	-290	-2,346	-3,084
Other Unusual Items	-3	-2	-	-1	287	-183
Pretax Income	86,737	88,427	88,517	187,457	160,621	111,787
Income Tax Expense	30,409	30,114	31,711	57,736	44,122	31,126
Earnings From Continuing Operations	56,328	58,313	56,806	129,721	116,499	80,661
Minority Interest in Earnings	-459	-193	1,473	-3,210	-9,766	-6,319
Net Income	55,869	58,120	58,279	126,511	106,733	74,342
Net Income to Common	55,869	58,120	58,279	126,511	106,733	74,342
Net Income Growth	-4.95%	-0.27%	-53.93%	18.53%	43.57%	57.20%
Shares Outstanding (Basic)	621	625	627	634	635	635
Shares Outstanding (Diluted)	621	625	627	634	635	635
Shares Change (YoY)	-0.75%	-0.21%	-1.12%	-0.21%	0.00%	0.00%
EPS (Basic)	89.95	92.92	92.98	199.56	168.02	117.03
EPS (Diluted)	89.95	92.92	92.98	199.56	168.02	117.03
EPS Growth	-4.24%	-0.06%	-53.41%	18.77%	43.57%	57.20%
Free Cash Flow	-	69,830	42,410	140,743	28,555	62,105
Free Cash Flow Per Share	-	111.64	67.66	222.01	44.95	97.77
Dividend Per Share	52.000	52.000	51.000	51.000	50.000	30.000
Dividend Growth	1.96%	1.96%	-	2.00%	66.67%	36.36%
Gross Margin	10.65%	10.85%	11.69%	13.73%	13.35%	11.35%
Operating Margin	5.67%	5.94%	6.77%	9.43%	9.80%	7.75%
Profit Margin	3.69%	3.93%	4.42%	8.82%	6.72%	5.67%
Free Cash Flow Margin	-	4.72%	3.22%	9.81%	1.80%	4.73%
EBITDA	131,086	131,438	126,003	168,113	188,733	128,123
EBITDA Margin	8.67%	8.89%	9.57%	11.72%	11.88%	9.77%
D&A For EBITDA	45,288	43,590	36,798	32,837	33,018	26,396
EBIT	85,798	87,848	89,205	135,276	155,715	101,727
EBIT Margin	5.67%	5.94%	6.77%	9.43%	9.80%	7.75%
Effective Tax Rate	35.06%	34.05%	35.83%	30.80%	27.47%	27.84%

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