Nippon Aqua 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	33,736	30,265	28,341	25,670	23,903	21,872
Revenue Growth (YoY)	16.35%	6.79%	10.41%	7.39%	9.29%	2.37%
Cost of Revenue	26,155	23,403	21,417	19,886	19,164	16,562
Gross Profit	7,582	6,862	6,924	5,784	4,739	5,310
Selling, General & Admin	4,787	4,106	3,842	3,272	3,127	3,224
Operating Expenses	4,787	4,286	4,042	3,455	3,327	3,413
Operating Income	2,795	2,576	2,882	2,329	1,412	1,897
Interest Expense	-38.39	-20	-13	-12	-9	-10
Interest & Investment Income	50.3	35	23	39	20	10
Other Non Operating Income (Expenses)	-5.29	11	24	3	5	14
EBT Excluding Unusual Items	2,801	2,602	2,916	2,359	1,428	1,911
Gain (Loss) on Sale of Assets	6.67	7	2	4	-	4
Asset Writedown	-9.8	-12	-7	-3	-1	-1
Legal Settlements	-	-	-	-	-	-10
Pretax Income	2,807	2,597	2,911	2,360	1,427	1,904
Income Tax Expense	824.61	758	907	811	474	562
Net Income	1,982	1,839	2,004	1,549	953	1,342
Net Income to Common	1,982	1,839	2,004	1,549	953	1,342
Net Income Growth	28.88%	-8.23%	29.37%	62.54%	-28.99%	5.25%
Shares Outstanding (Basic)	32	31	31	32	32	32
Shares Outstanding (Diluted)	32	31	31	32	32	32
Shares Change (YoY)	1.20%	0.05%	-2.72%	-0.09%	0.03%	0.01%
EPS (Basic)	62.36	58.54	63.83	47.99	29.50	41.55
EPS (Diluted)	62.36	58.54	63.82	47.99	29.50	41.55
EPS Growth	27.36%	-8.28%	32.99%	62.68%	-29.00%	5.24%
Free Cash Flow	-	-698	3,727	-568	192	42
Free Cash Flow Per Share	-	-22.22	118.69	-17.60	5.94	1.30
Gross Margin	22.47%	22.67%	24.43%	22.53%	19.83%	24.28%
Operating Margin	8.28%	8.51%	10.17%	9.07%	5.91%	8.67%
Profit Margin	5.88%	6.08%	7.07%	6.03%	3.99%	6.14%
Free Cash Flow Margin	-	-2.31%	13.15%	-2.21%	0.80%	0.19%
EBITDA	3,035	2,815	3,121	2,550	1,619	2,083
EBITDA Margin	9.00%	9.30%	11.01%	9.93%	6.77%	9.52%
D&A For EBITDA	239.8	239	239	221	207	186
EBIT	2,795	2,576	2,882	2,329	1,412	1,897
EBIT Margin	8.28%	8.51%	10.17%	9.07%	5.91%	8.67%
Effective Tax Rate	29.38%	29.19%	31.16%	34.36%	33.22%	29.52%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.