Ishin Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	1,393	1,280	1,148	1,024
Revenue Growth (YoY)	8.83%	11.50%	12.11%	-
Cost of Revenue	331	316	266	244
Gross Profit	1,062	964	882	780
Selling, General & Admin	817	763	786	707
Operating Expenses	817	763	786	707
Operating Income	245	201	96	73
Interest & Investment Income	4	27	-	-
Earnings From Equity Investments	12	-	1	1
Currency Exchange Gain (Loss)	-2	-2	-2	8
Other Non Operating Income (Expenses)	-27	-38	15	33
EBT Excluding Unusual Items	232	188	110	115
Gain (Loss) on Sale of Investments	-	3	-1	-
Gain (Loss) on Sale of Assets	-	-	-2	-
Other Unusual Items	-	-	-1	-
Pretax Income	232	191	106	115
Income Tax Expense	88	73	15	17
Earnings From Continuing Operations	144	118	91	98
Minority Interest in Earnings	33	8	-8	-1
Net Income	177	126	83	97
Net Income to Common	177	126	83	97
Net Income Growth	40.48%	51.81%	-14.43%	-
Shares Outstanding (Basic)	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2
Shares Change (YoY)	15.99%	4.45%	-	-
EPS (Basic)	92.59	78.43	51.88	60.63
EPS (Diluted)	91.61	75.56	51.88	60.63
EPS Growth	21.24%	45.66%	-14.43%	-
Gross Margin	76.24%	75.31%	76.83%	76.17%
Operating Margin	17.59%	15.70%	8.36%	7.13%
Profit Margin	12.71%	9.84%	7.23%	9.47%
EBITDA	254	214	-	-
EBITDA Margin	18.23%	16.72%	-	-
D&A For EBITDA	9	13	-	-
EBIT	245	201	96	73
EBIT Margin	17.59%	15.70%	8.36%	7.13%
Effective Tax Rate	37.93%	38.22%	14.15%	14.78%

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