Watanabe Sato Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	33,704	40,422	38,400	34,656	37,452
Revenue Growth (YoY)	-16.62%	5.27%	10.80%	-7.47%	-6.18%
Cost of Revenue	30,175	36,884	34,344	31,892	32,894
Gross Profit	3,529	3,538	4,056	2,764	4,558
Selling, General & Admin	2,309	2,270	2,325	2,092	2,011
Operating Expenses	2,459	2,361	2,401	2,144	2,067
Operating Income	1,070	1,177	1,655	620	2,491
Interest Expense	-18	-16	-10	-6	-10
Interest & Investment Income	200	74	40	39	29
Earnings From Equity Investments	88	74	48	36	40
Other Non Operating Income (Expenses)	28	17	30	19	18
EBT Excluding Unusual Items	1,368	1,326	1,763	708	2,568
Gain (Loss) on Sale of Investments	-	-	59	-	-
Gain (Loss) on Sale of Assets	9	5	9	27	6
Asset Writedown	-21	-13	-54	-6	-41
Other Unusual Items	-	-	-	-	-1
Pretax Income	1,356	1,318	1,777	729	2,532
Income Tax Expense	455	424	574	281	801
Earnings From Continuing Operations	901	894	1,203	448	1,731
Minority Interest in Earnings	-18	-3	-1	-2	-3
Net Income	883	891	1,202	446	1,728
Net Income to Common	883	891	1,202	446	1,728
Net Income Growth	-0.90%	-25.87%	169.51%	-74.19%	-6.29%
Shares Outstanding (Basic)	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6
Shares Change (YoY)	0.22%	1.24%	0.98%	4.71%	-6.86%
EPS (Basic)	141.51	143.11	195.45	73.23	297.11
EPS (Diluted)	141.51	143.11	195.45	73.23	297.11
EPS Growth	-1.12%	-26.78%	166.88%	-75.35%	0.60%
Free Cash Flow	4,789	-4,481	3,109	-183	2,645
Free Cash Flow Per Share	767.49	-719.72	505.53	-30.05	454.78
Dividend Per Share	-	80.000	55.000	50.000	60.000
Dividend Growth	-	45.45%	10.00%	-16.67%	20.00%
Gross Margin	10.47%	8.75%	10.56%	7.98%	12.17%
Operating Margin	3.17%	2.91%	4.31%	1.79%	6.65%
Profit Margin	2.62%	2.20%	3.13%	1.29%	4.61%
Free Cash Flow Margin	14.21%	-11.09%	8.10%	-0.53%	7.06%
EBITDA	1,655	1,823	2,317	1,188	3,051
EBITDA Margin	4.91%	4.51%	6.03%	3.43%	8.15%
D&A For EBITDA	585	646	662	568	560
EBIT	1,070	1,177	1,655	620	2,491
EBIT Margin	3.17%	2.91%	4.31%	1.79%	6.65%
Effective Tax Rate	33.55%	32.17%	32.30%	38.55%	31.64%

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